American Graphite Technologies Inc. ("AGIN" or the "Company") is pleased to announce today that it has started Phase 1 Exploration work at its 100% owned Lac Rouge Graphite Project located near TIMCAL's Lac des Iles graphite mine in the province of Quebec.
Canadian Metals Inc. (The "Corporation") plans to significantly enhance its strategic options with the introduction of a Hybrid Flex concept for its planned ferrosilicon production plant based on the Langis quartzite deposit. This concept allows the facility to adapt fully with the flexibility to shift production between ferrosilicon and metallurgical-silicon production according to market needs.
Purepoint Uranium Group Inc. today announced that the Hook Lake Joint Venture Partners have approved their exploration plans and budget for the 2016 year. The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%). Current exploration is targeting the Patterson Lake Corridor, the same conductive trend which not only hosts Fission's Triple R deposit, but as well the Arrow Discovery by NexGen Energy Ltd. and the Company's own Spitfire Discovery.
Canada Carbon (the "Company") is pleased to report the Company has now signed a comprehensive agreement to sell 75,000 tonnes of architectural-quality marble material from its flagship Miller high purity Graphite Project. This agreement was signed subsequent to an independent market assessment of architectural blocks and slabs of the Miller marble, which is the host rock to the Miller hydrothermal lump-vein graphite.
Genius Properties Ltd. (the "Company" or "Genius") has announced that it will refocus its activities on its primary mission, which is to explore and develop mining properties in Quebec. This decision will require a full reorganization of the company, which will take effect by the end of November 2015 and involve the relinquishment of any and all activities not related to the mining industry.
Pure Energy Minerals Limited (the "Company" or "Pure Energy") is pleased to provide the following project update. The Company's operator, GeoXplor Corp, has mobilised drilling equipment to site and has begun the second phase of resource assessment drilling work at the Company's Clayton Valley South ("CVS") Lithium Brine Project, located near Silver Peak, Nevada (the "Project").
Pangolin Diamonds Corp. (the "Company" or "Pangolin") is pleased to announce it has received positive soil sample results for the Company's wholly-owned Malatswae Diamond Project ("Malatswae"), located 90 km southeast of the Orapa kimberlite field in Botswana.
Beaufield Resources Inc. ("Beaufield") reports that it has sampled additional drill core from its recently completed drill program (October 13, 2015 news release) on the Urban property. Samples were submitted to ALS Chemex Laboratories in Val d'Or, Quebec for assaying. Results will be announced within a few weeks when all sample assays have been received.
Superior Copper Corporation ("Superior Copper" or "the Company") has initiated an exploration program at it 100% held Superior Project, located adjacent to TransCanada Highway 85 kilometers north of Sault Ste. Marie, Ontario. The program is designed to test a new structural/alteration model developed over the last 6 months after a thorough review of available exploration data and reconnaissance mapping carried out during the summer months.
Reservoir Minerals Inc. is pleased to announce that its subsidiaries, Tilva (BVI) Inc. ("Reservoir" or the "Company") and Global Reservoir Minerals (BVI) Inc. have entered into an earn-in and joint venture agreement ("Agreement") with Rio Tinto Mining & Exploration Limited ("Rio Tinto") relating to Reservoir's four wholly-owned exploration permits in the Timok Magmatic Complex; Nikolicevo, Kraljevica, Coka Kupjatra and Tilva Njagra in Serbia ("TilvaProject"), whereby Rio Tinto will have the option to earn up to a 75% interest in stages by sole funding project expenditure of up to US$75 million. The Agreement is conditional upon Rio Tinto completing satisfactory due diligence within 60 days of signing of the Agreement.
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