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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (4723)1/28/2014 6:01:36 PM
From: Rocket RedRespond to of 202861
 
Advance Gold, African drill 6 m of 30.9 g/t Au in Kenya

2014-01-28 17:57 ET - News Release
Shares issued 38,281,696
AAX Close 2014-01-27 C$ 0.02


Mr. Jim Gillis reports

AFRICAN BARRICK GOLD EXPLORATION (KENYA) LTD. REPORTS RESULTS FROM A DRILLING PROGRAM AT ADVANCE GOLD'S WEST KENYA PROPERTIES: 30.9 G AU/T OVER 6.0 M IN HOLE KDAC0152

African Barrick Gold Exploration (Kenya) Ltd., a subsidiary of African Barrick Gold PLC, has completed the drilling of 325 aircore holes for 12,494 metres with results received for 192 holes. Over 20% of the holes assayed to date have returned significant intercepts of greater than 0.1 grams per tonne gold (g/t Au). The drilling program was conducted on Advance Gold Corp.'s three projects in the Kakamega Dome area in Kenya, East Africa. The work done on the Advance projects will be in conjunction with ABG's regional exploration work on their West Kenya Joint Venture. The three Advance projects include Special License 265 (Bukura), Special License 266 (Sigalagala) and Special License 267 (Rosterman) that cover in total 64km2.

Initial results from 192 reconnaissance Aircore drill holes testing existing gold-in-soil anomalies have been returned with some initial very positive results including:

                 Length    From       To      Interval        Au  Hole ID          degree                   metres    metres    metres    metres      g/tonne    KDAC0152             35       29.0     35.0       6.0        30.90  KDAC0135             10       0.0      10.0      10.0         1.75  KDAC0161            50.5      41.0     50.5       9.5         1.59  including                     47.0     50.5       3.5         4.20  KDAC0180             80       47.0     80.0      33.0         0.38  KDAC0125             42       29.0     35.0       6.0         1.69  including                     29.0     32.0       3.0         3.35  KDAC0043             12       0.0       5.0       5.0         1.85  KDAC0074             29       5.0      17.0      12.0         0.64  KDAC0188             23       0.0      23.0      23.0         0.28  including                     8.0      14.0       6.0         0.89  KDAC0041             20       0.0       2.0       2.0         2.83  


Average drilling depth from the Aircore drilling is relatively shallow at 30 metres and the KDAC0152 hole ended in mineralisation.

Maps available at: www.advancegold.ca

ABG comments "The extensive soil sampling and the Aircore drilling programme have formed the bulk of our planned exploration programme in Kenya in 2013 and these very promising initial results have reaffirmed our belief in the prospectively of the land package. The Aircore drilling programme continues, with more results expected in Q1 2014 from additional scout holes and infill drill lines and will be integrated together with the soil sampling and mapping that has taken place in 2013 to continue to enhance our understanding of the license area and to assist in the targeting of future drilling programmes."

Jim Gillis, President of Advance Gold Corp indicated "We are extremely pleased with the results coming from our West Kenyan Project area. With highly anomalous values coming from more than one target area, we are confident that African Barrick will continue to explore the entire package." ABG has the right to acquire a 51% ownership interest in the three Advance Special Licenses in consideration for ABG incurring exploration expenditure of US$0.5 million in a defined period of 24 months in relation to those mineral rights. ABG can further increase its interest to 75 % by spending an additional US$ 1million within a further 24 month period.

ABG is a UK public company with its headquarters in London and listed on the Main Market of the London Stock Exchange under the symbol ABG, and has a secondary listing on the Dar es Salaam Stock Exchange. Historically and prior to our initial public offering (IPO), ABG's operations comprised the Tanzanian gold mining business of Barrick Gold Corporation (Barrick), our majority shareholder.

Qualified Person

Jeffrey Scott Ackert, a director of the Company and its Vice President Exploration and Business Development, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the exploration information and technical disclosure in this news release.

We seek Safe Harbor.



To: Goose94 who wrote (4723)2/11/2014 5:40:08 PM
From: Goose94Respond to of 202861
 
XTM-V new 52 week high, 36.5 cents on light volume 4,400 shs.



To: Goose94 who wrote (4723)3/19/2014 9:00:39 AM
From: Goose94Read Replies (1) | Respond to of 202861
 
Transition Metals (XTM-V) arranges up to $1.7-million financing, affiliates of Sprott

March 19, '14 - NR

Transition Metals Corp. intends to raise up to $1.7-million by way of a non-brokered private placement financing consisting of up to 5,666,666 units at a price of 30 cents per unit, for gross proceeds of up to $1.7-million. Each Unit will consist of one common share of the Company (each, a "Common Share") and one transferable share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Common Share for a period of two years, at a price of $0.40. If, commencing on the date that is four months after the closing date, the closing price of the Common Shares on the TSX Venture Exchange (the "Exchange") is higher than $0.60 for 20 consecutive trading days (the "Acceleration Trigger Date"), then, provided the Company issues a news release announcing the acceleration of the expiry date and delivers or sends by electronic transmission a copy of such news release to the Warrant holders and the finders within three days of the Acceleration Trigger Date, the expiry date of the Warrants will be accelerated to the date that is 20 trading days after the issue of such news release.

A finder's fee may be paid in connection with the placement to finders, including affiliates of Sprott Inc., as determined by mutual agreement between the Company and the finders and subject to regulatory approval. The finders' fee will consist of cash or Units, at the election of each finder, equal to 7% of the Units sold to investors introduced by such finder, and non-transferable share purchase warrants equal to 7% of such Units sold to investors ("Compensation Warrants"). The Compensation Warrants will permit the purchase of one Common Share for two years at a price of $0.30.

The securities issued in connection with the private placement will be subject to a four month restricted resale period and applicable securities legislation hold periods outside of Canada. Completion of the private placement will be subject to all necessary approvals, including the approval of the Exchange. There can be no assurance that the private placement will be completed as proposed or at all.