Category Archives: Canada

IRW-Press: Ximen Has Completed Compiling And Analyzing Of All Previous Exploration Data Brett Gold Property, Vernon, BC

Ximen Mining Corp. (the ‘Company’ or “Ximen”) (TSX-V: XIM) is pleased to announce that the GIS compilation of historic data on the Brett property is complete.  This is the first time that the complete property dataset has been available in digital, geographical format, to allow robust analysis, interpretation and development of a good geological model for mineralization on the property.  Ximen has entered into confidentiality agreements with several interested parties and will be sharing the property database with these parties for their independent evaluation.

Collar and down hole lithological, structural, alteration and analytical data for 131 historic drill holes was entered into the database using information from original drill logs.   Gold and/or multi-element analytical data for over 6800 individual soil samples collected from the property between 1984 and 2004 was also compiled into the GIS dataset, which includes digital topographic and orthophoto base maps. 

Preliminary analysis of the compiled data has revealed the following:

– alteration is well zoned around high gold zones in drill core and provides a vector to mineralization

– an elevation control to mineralization is implied and suggests that much of the previous drilling was too shallow to effectively test the high-gold portion of the system

– gold and silver are strongly correlated

– clay mineralogy is an important aspect of understanding zoning within the system and, in particular, vertical position

– new unrecognized structural trends are suggested, including flat to low-dipping faults, which may either control or off-set mineralization

– 65% of the property is well covered by existing soil geochemical surveys

– several strong gold and/or multi-element (Au, Ag, As, Bi, Mo, Sb) soil anomalies exist which are untested by any previous trenching or drilling

– several gold and/or silver soil anomalies remain open to the east, in a portion of the property without soil geochemical coverage

Ximen has started the 2014 work program on the Brett property.  The program will include geological mapping and select core re-logging, a ground magnetometer/VLF-EM survey, prospecting and soil sampling to follow-up targets generated by the compilation work, to refine the geological model and to prioritize targets for follow-up drill testing later in 2014. 

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Recently the company has entered into a due diligence agreement with Huldra Silver Inc. for the purposes of determining the feasibility, terms and conditions of a proposal for the acquisition of Huldra Silver. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG.

On behalf of the Board of Directors,

Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.

For further information, please contact Ward Kondas   604-488-3900 or by email at ward@ximenminingcorp.com.

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

IRW-Press: Newnote Financial Corp. Revenue Producing Cloud Hashing Service Now Live

Newnote Financial Corp. (the “Company”) (CSE: NEU; FSE: 1W4) is pleased to announce that its cloud hashing service ‘Newnote Miners’ is now live and accepting Bitcoin, Litecoin and Dogecoin for hashing power.

Cloud hashing enables users to participate in Bitcoin mining without having to purchase and maintain expensive hardware. Even though the cloud hashing business is still in its infancy, it has become a multi-million dollar global business.  Industry experts expect cloud hashing to grow substantially as Bitcoin prices appreciate, driving further interest from individuals and companies who wish to mine Bitcoin.

Paul Dickson, President and CEO states: “We’ve just made Newnote Miners available to the public and are currently accepting Bitcoin, Litecoin and Dogecoin as payment for contracts.  Our rates are more than competitive and we expect the crypto-currency community to be pleased with what we’ve created.  Our pricing model is designed to ensure profitability for the subscriber at the time of purchase.”

Newnote Miners cloud hashing software is designed to distribute Bitcoin to subscribers based on purchased hashing power.  Users may purchase a contract for one day or 24 months and may choose from one gigahash to multiple terahashes with no need for hardware or technical expertise. Individuals wishing to buy cloud hashing services can go to the Newnote Miner website: http://www.newnoteminers.com.

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

For further information please contact:

Paul Dickson

President, CEO & Director

Newnote Financial Corp.

CSE: NEU; FSE: 1W4

Suite 709-700 West Pender Street

Vancouver, BC V6C 1G8

Direct: 604-800-6749

Fax: 604-685-3833

Web: http://www.newnote.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

IRW-Press: Fissions Ross McElroy, Wins PDAC Award For Canadian Discovery And Prospecting Success

Fission Uranium Corp. (‘Fission’ or “the Company’) is pleased to announce that Ross McElroy, President, COO and Chief Geologist of Fission Uranium, has been awarded the PDAC 2014 Bill Dennis Award for an important Canadian discovery and prospecting success. The award is the result of Mr. McElroy’s work in leading the team that made the Patterson Lake South (PLS) discovery in Canada’s Athabasca Basin – one of the most significant discoveries in the Basin in recent years. The 31,039 hectare PLS project is located in the southwest region of the Athabasca Basin and is 100% held by Fission Uranium Corp.

Mr. McElroy, a professional geologist with over 27 years’ experience, spent his early years with major mining companies including Cameco, Areva, and BHP Billiton and moved to the junior exploration space in 2004. He has had an instrumental role in four major discoveries in the Athabasca Basin, including two for Fission. This includes being part of the small geological team that made Cameco’s McArthur River discovery (the world’s largest high-grade uranium deposit). Whilst heading up Fission’s technical team he has made two major discoveries in the past four years, including Fission Uranium’s PLS (Patterson Lake South) discovery and Fission Energy’s J-Zone discovery at Waterbury Lake.

Ross McElroy, President, COO and Chief Geologist of Fission Uranium, commented, “It takes a team to make a discovery and I’m delighted to have won this award on behalf of Fission. 2013 was an incredible year for us and I’m thrilled that the industry has taken note of our accomplishments and chosen to single us out for the success at Patterson Lake South. I would like to thank my technical team for all their hard work and dedication and to thank PDAC for recognizing our efforts and success.”

Factors that led to the award:

— Speed and Scope: In twelve months the discovery grew from a single hole to six mineralized zones on-trend along a strike length of 1.76km. This was accomplished with $13m of exploration and 99 holes Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release;

— Accuracy: >86% of holes successfully intersecting mineralization along 1.76 km trend;

— Incredible Grades: Multiple assays with extremely high uranium grades (magnitudes higher than the world average grade. Examples include:

– (hole PLS13-075) 54.5m @ 9.08% U3O8 with GT 494.86 including 21.5m @21.76% U3O8 with GT 467.84.

– (hole PLS13-072) 34.5m @ 8.15% U3O8 with GT 281.2, including 7.50m @ 19.28% U3O8, including 21.53% U3O8 over 4m

— Innovative Technology: Fission’s team, together with a private Canadian company, developed a patent-pending near surface uranium detecting airborne radiometric survey that identified the high-grade boulder field at PLS that in turn led to the main discovery.

? New Approach to Radon Gas Surveys: Ross McElroy and his team implemented the use of radon surveys in frozen ice conditions – drilling holes in the lake ice and lowering instruments down to the bottom of the lake. Despite Radon being such a mobile gas, this specific technique and results analysis has helped deliver the >86% mineralization success rate with drilling.

— Under-explored Region. The discovery was made at a time when popular consensus pointed to the east side, two hundred km away, as the place to be. The PLS project lies outside of the Basin margin whereas the consensus dictated you had to be within the Basin. Consensus also dictated that all Athabasca Basin related large-scale, near-surface discoveries had been made in a previous era.

— Shallow Depth: The contrarian PLS discovery is a large scale, shallow, high grade mineralized trend with the bulk of mineralization found so far between 55m and 250m depth below surface.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43- 101 and reviewed
on behalf of the company by Ross McElroy, P.Geol. President and COO for Fission Uranium Corp., a qualified person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol ‘FCU’ and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF.”

ON BEHALF OF THE BOARD

Investor Relations
Rich Matthews
‘Dev Randhawa’ TF: 877-868-8140
rich@fissionuranium.com
Dev Randhawa, Chairman and CEO www.fissionuranium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement

Certain information contained in this press release constitutes “forward-looking information’, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, “forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’, ‘be achieved’ or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the Patterson Lake South project and the
future operating or financial performance of Fission and Fission Uranium which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company and Fission Uranium disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

IRW-Press: Canasil Resources Inc.: MAG Silver Confirms Start Of Phase 2 Drill Program On Canasils La Esperanza Project In Durango And Zacatecas States, Mexico

Canasil Resources Inc. (“Canasil”, TSX-V: CLZ , DB Frankfurt: 3CC) announces that MAG Silver Corp. (TSX: MAG, NYSE-MKT: MVG, “MAG”) has confirmed that the Phase 2 drill program has started and is currently in progress at Canasil’s La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The planned program includes up to 3,500 metres of diamond drilling to test silver-lead-zinc veins in the northwest of the project area. This drill program will be part of the CAD$ 1,500,000 exploration expenditures required between September 2012 and September 2013 under the option agreement for MAG to earn a 60% interest in the La Esperanza project.

About La Esperanza

The La Esperanza project covers 68,954 hectares, located in the Mexican Silver Belt in northern Zacatecas and southern Durango States. This recognized world-class silver belt hosts some of the world’s largest and highest grade silver deposits and operating mines. The La Esperanza project is close to a number of active mines such as Pan American Silver’s La Colorada and First Majestic Silver’s La Parrilla mines. The project covers multiple vein occurrences and alteration zones over a 20 kilometre strike length along a prospective SE-NW trend where the results of an airborne geophysical survey conducted by MAG and drilling to date by MAG and Canasil indicate potential for hosting a very large mineralized system.

The project is under an option agreement whereby MAG can earn a 60% interest by completing CAD$ 5,000,000 in cumulative exploration expenditures by September 1, 2014, (CAD$ 1,624,393 completed to June 30, 2012) and making a further CAD$ 200,000 cash payment to Canasil by September 1, 2013.

About MAG Silver and Canasil

MAG is a leading silver exploration and emerging development company in Mexico with considerable experience and a very successful track record of high-grade silver discoveries in epithermal vein systems of the Fresnillo Silver Trend, as well as a number of other large development stage and exploration projects in Mexico.

Canasil is a Canadian mineral exploration company with interests in precious and base metal projects in Durango, Sinaloa and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects. The Company is actively engaged in the exploration of its mineral properties.

For further information please contact:

Bahman Yamini, President & CEO
Canasil Resources Inc.
Tel: 604-709 0109
www.canasil.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

IRW-Press: Cadan Resources To Commence Mining Operations

Cadan Resources Corporation (TSX VENTURE:CXD)(FRANKFURT:AOMZ25) (‘Cadan’ or the ‘Company’) is pleased to announce that the Company’s Philippines affiliate, Tribal Mining Corporation (TMC), has received the Mines and Geosciences Bureau (MGB) Declaration of Mining Project Feasibility (DMPF), enabling the Company to COMMENCE COMMERCIAL MINING PRODUCTION at the T’Boli gold-silver mine within the Mineral Processing and Sharing Agreement (MPSA) No. 090-97-XI.

The T’Boli Project is now fully equipped, including a trained local workforce, a fully constructed and commissioned Carbon-In-Leach (CIL) gold-silver processing plant, gravity concentrator, electro-winning circuit, tailings storage facility and powerhouse.

This decision to become a gold producer is not based on a feasibility study of mineral reserves as defined by NI 43-101 and there is no certainty the proposed operation will be economically viable. The T’Boli property hosts a reported inferred mineral resource for T’Boli of 2.4Mt at 5.5 g/t Au and 21.0 g/t Ag, equivalent to 420,000 oz of gold and 1.6 million oz of silver (Independent Technical Report, Sabena and T’Boli Properties, Philippines, dated 23 December 2002 and filed on SEDAR on 12 February, 2003). In connection with the issuance of the DMPF, the MGB reviewed and verified information on the property regarding available resources, in addition to considering the environmental, social and economic requirements of the Philippines.

Cadan’s President and CEO, Robert Butchart, stated:

‘This is a tremendous success for Cadan shareholders as the Company transitions to become a gold producer and we are ready to commence operations immediately, the people are ready, the mill plant is ready and the underground development is ready for stoping.

This is also an exciting milestone for the Government, as it is the first DMPF to be granted in South Cotabato, Mindanao and the first to be granted in the Philippines since the recent Executive Order No. 79 by the President Aquino Administration.

Cadan’s new management team has made these achievements possible since they took control in April, 2011. With the dynamic combination of local knowledge and technical expertise, we are confident that the Company and the community will prosper by responsible and productive mining.’

Qualified Person and Quality Control and Assurance

Technical aspects of this news release were prepared and verified by Howard Lahti, BSc Geology, MSc Geochemistry, PhD Litho-Geochemistry, Registered Professional Geoscientist of New Brunswick. Mr. Lahti is a consultant to Cadan. He is the qualified person as required by NI 43-101, and is the technical person responsible for this news release. The qualified person has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information and opinions contained in this news release.

On behalf of the board of directors,
Robert Butchart, President / CEO

Forward Looking Statements

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the Company to achieve its targeted production due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates. The reader is referred to the Company’s most recent annual and interim Management’s Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through www.cadanresources.com or the Company’s page on SEDAR at http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information
Cadan Resources Corporation
Robert Butchart
President / CEO
butch.cadan@gmail.com

Cadan Resources Corporation
John D. Anderson
Chairman
janderson@cadan.com

Cadan Resources Corporation
604 687 0760
604 628 5001 (FAX)
info@cadanresources.com
www.cadanresources.com

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