luker's Profile

Undergraduate: U.W.O (London, Ontario, Canada) (BSC. BEd.)

luker's Posts

Re: Financial Post says

Image result for patience medal


...Not certain whether we are  Champs or Chumps.

over 7 years ago
Re: Financial Post says

I am not sure that they need a Marshall Plan, but  rather a plan, any coordinated plan, with clearly identified milestone markers, strict adherence to agreed upon  timelines to meet those markers , and accountability with enforcement/ penalty for non-adherance or at least performance-related financial compensation based upon those timelines..

over 7 years ago
Re: Insider selling

https://ceo.ca/fnc 


190,000 sold at $0.05, with a balance held of 350,000.


Could have sold them to a family member to place in their TFSA non?

over 7 years ago
Re: Cia continuing its run......

CIA is backfilling a bit today....at $0.76 it is still up nearly 60% over the last week or so


Daily prices



-


Date
Open
High
Low
Close
Volume
Jan 16, 2017
0.74
0.87
0.74
0.84
2,481,408
Jan 13, 2017
0.56
0.81
0.56
0.75
8,016,500
Jan 12, 2017
0.53
0.54
0.52
0.54
776,941
Jan 11, 2017
0.47
0.55
0.47
0.54
1,408,829
Jan 10, 2017
0.48
0.48
0.46
0.46
132,589
Jan 9, 2017
0.47
0.48
0.47
0.48
114,063


 

over 7 years ago
First Majestic drills 11.4 grams per tonne GOLD over 18.0 metres at Ermitaño

Evrim's partner First Majestic drills 11.4 grams per tonne gold over 18.0 metres at Ermitaño

 


Vancouver, British Columbia--(Newsfile Corp. - January 17, 2017) - Evrim Resources Corp. (TSXV: EVM) ("Evrim" or the "Company") is pleased to announce initial drill results from its Ermitaño gold project in Sonora, Mexico. Exploration partner First Majestic Silver Corp. (TSX: FR) (NYSE: AG) ("First Majestic") have received assay results from the first four holes of a ten hole diamond drill program at the Ermitaño West prospect totaling 947 metres. The Ermitaño West prospect is located approximately 3.5 kilometres southeast of First Majestic's operating Santa Elena gold-silver mine.


Ermitaño West Drilling Highlights


Drill Hole EW16-04




  • 18.0 metres grading 11.4 grams per tonne ("g/t") gold and 86 g/t silver including 3.3 metres grading 34.6 g/t gold and 242 g/t silver




Drill Hole EW16-03




  • 9.6 metres grading 1.8 g/t gold and 24 g/t silver including 3.1 metres grading 4.9 g/t gold and 36 g/t silver




Drill Hole EW16-02




  • 13.2 metres grading 1.1 g/t gold and 29 g/t silver including 3.0 metres grading 2.9 g/t gold and 72 g/t silver




Drill Hole EW 16-01




  • 8.8 metres grading 0.8 g/t gold and 9 g/t silver




True widths are estimated to be 70-90% of reported intervals.


Charles Funk, Evrim's Vice President of New Opportunities and Exploration commented, "This is an exciting discovery for Evrim and its partner, First Majestic. The intercepts show significant widths within 240 metres from surface into the principal vein, located in a larger vein field. The mineralization is gold rich (relative to silver) and the high gold grades are evenly distributed across the drill intercepts. This discovery is very close to First Majestic's Santa Elena mine and provides great potential for Evrim to realize Ermitaño's value in the near term."


Ermitaño West Zone


The Ermitaño West zone (see Figure 1 and 2) consists of a network of low to intermediate sulphidation east-west trending epithermal veins and stockwork. The veining covers an area 1,200 metres long by 600 metres wide with 912 rock samples averaging 0.1 g/t gold over widths ranging from 0.1 metres to 3.5 metres and averaging 0.7 metres. The principal east-west striking vein is up to 3.5 metres wide on surface with a hanging wall of sub-parallel east-west striking veins and north-south striking stockwork veining over 200 metres wide. Vein textures, including banded quartz, quartz replacing bladed calcite, and an elevation more than 100 metres higher than the pit at Santa Elena suggest a shallower level of exposure in the epithermal environment compared to Santa Elena.



Figure 1 - Location map of Ermitaño project and Santa Elena mine


To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/2604/24539_a1484604978031_82.jpg


Ermitaño West Drilling


Drilling targeted the main east-west trending vein at Ermitaño West that is interpreted to form the hanging wall to veins and veinlets mapped to the south. The main vein is hosted in rhyolite tuff and drilling intersected competent white, green, clear and amethyst quartz, adularia, manganese oxide and iron oxide veins from 7.5 to 13.1 metres wide. Textures vary from massive crystalline quartz with rare minor colloform and cockade bands at surface and in hole EW-16-01 to strongly developed banding, increased oxides and adularia, abundant replaced bladed calcite rosettes and re-brecciation with increasing depth. Veins have silicified selvages and common vein stringers adjacent to the competent vein with similar grade mineralization.


The results fit a classical epithermal pattern with low gold and silver grades at surface increasing at depth to economic grades where textures indicate a boiling environment within the vein. The increase in grade within the vein beneath the surface and a high gold to silver ratio (~1:10) suggest that ore shoots are fully preserved and the limited drilling shows a system open to the east, west and at depth (Figure 3).


Drilling is ongoing to complete a planned 10-hole program with further assays pending.


 



Figure 2 - Plan map of Ermitaño West showing surface geology and drilling


To view an enhanced version of Figure 2, please visit: http://orders.newsfilecorp.com/files/2604/24539_a1484604978296_16.jpg


 



Figure
3 - Ermitaño West Long Section


To view an enhanced version of Figure 3, please visit: http://orders.newsfilecorp.com/files/2604/24539_a1484604978500_11.jpg


Ermitaño West Drilling Technical Data
Significant assay results from the drilling program at Ermitaño West are shown below.


Table 1 - Ermitaño West Significant Intersections.

Hole
From
To
Interval
Au
Ag

 
(metres)
(metres)
(metres)
(g/t)
(g/t)

EW-16-01
96.6
105.4
8.8
0.8
9

EW-16-02
157.1
170.3
13.2
1.1
29

including
165.2
168.2
3.0
2.9
72

EW-16-03
195.8
205.4
9.6
1.8
24

including
199.6
202.7
3.1
4.9
36

EW-16-04
224.5
242.5
18.0
11.4
86

including
233.1
236.4
3.3
34.6
242

 


*All figures are available in the News Release posted on the Company web page www.evrimresources.com.


 


Option Agreement


First Majestic can earn a 100% interest in the Ermitaño Property by paying Evrim US$50,000 each year and delivering a Production Notice by January 2019, specifying mine and construction plans with accompanying permits. Upon vesting, First Majestic will no longer be required to make the annual payments and Evrim will retain a 2% Net Smelter Royalty ("NSR").


Qualified Person Statement

Evrim's disclosure of technical or scientific information in this press release has been reviewed and approved by Stewart Harris, P.Geo. Vice President, Technical Services for the Company. Mr. Harris serves as a Qualified Person under the definition of National Instrument 43-101.


All sample analyses were completed by SGS Labs of Durango, Mexico which has been certified to ISO/IEC 17025. As operator, First Majestic carried out a comprehensive quality assurance / quality control program. This program comprised the insertion of standard control samples, field duplicates and blanks, and was applied to the HQ- and NQ-diameter, half-core samples. Sample preparation and analyses for the 2016 samples were completed at SGS Labs of Durango, Mexico which has been certified to ISO/IEC 17025. Gold was determined by 30-gram fire assay followed by an atomic absorption finish, or by gravimetric finish for samples over 10 g/t. Silver was determined by 2-gram aqua regia digest followed by an atomic absorption finish, or by 30-gram fire assay with atomic absorption finish for samples over 300 g/t.


About Evrim Resources


Evrim Resources is a mineral exploration company whose goal is to participate in significant exploration discoveries supported by a sustainable business model. The Company is well financed, has a diverse range of quality projects and a database in Mexico and portions of southwestern United States. The existing projects, and generation of quality exploration targets and ideas, are advanced through option and joint venture agreements with industry partners to create shareholder value. Evrim's business plan also includes royalty creation utilizing the Company's exploration expertise and existing projects.


On Behalf of the Board
EVRIM RESOURCES CORP.


Paddy Nicol
President & CEO


To find out more about Evrim Resources Corp., please contact Paddy Nicol, President or Charles Funk, VP New Opportunities and Exploration at 604-248-8648, or visit www.evrimresources.com.


Forward Looking Information


This news release includes certain statements that may be deemed "forward looking statements". All statements in this news release, other than statements of historical facts, that address events or developments that Evrim Resources Corp. (the "Company") expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.


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 may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.


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.


over 7 years ago
ATAC Resources Ltd. Announces Accelerated $10 Million, 2017 Exploration Program

ATAC Resources Ltd. Announces Accelerated $10 Million, 2017 Exploration Program at the Rackla Gold Project, Yukon




VANCOUVER, BC--(Marketwired - January 17, 2017) - ATAC Resources Ltd. (TSX VENTURE: ATC) ("ATAC") is pleased to announce the 2017 exploration program for its 100% owned Rackla Gold Project in east-central Yukon. The fully-funded 2017 exploration budget is $10 million and will include approximately 15,000 m of diamond and rotary air blast ("RAB") drilling. The multiphase exploration program will focus on expanding high-grade gold mineralization at existing zones within the Nadaleen and Rau Trends.


2017 Objectives



  • Targeted diamond drilling to expand high-grade gold structures at the Conrad and Osiris zones;

  • Diamond and RAB drilling to advance over 10 Osiris and Anubis Custer gold zones and Tier 1 geochemical targets;

  • Diamond drill evaluation of the newly discovered Tiger East anomaly and other untested upper oxide and sulphide mineralization to increase the gold resources within the Tiger Gold Deposit; and,

  • Sampling, prospecting and mapping of regional exploration targets at both the Nadaleen and Rau trends.


"The accelerated exploration program at the Rackla Gold Project will be our most comprehensive in recent years and will target extensions of some of the highest grade gold zones identified to date. With over 15,000 m of drilling planned, we anticipate making significant progress in evaluating known gold zones as well as continuing exploration work across our large district-sized land package," stated Graham Downs, President and CEO of ATAC. "We have successfully advanced the Rackla Gold Project through challenging markets while maintaining a healthy treasury and preserving our capital structure. We are very well-positioned going into a busy and exciting year as we take advantage of the economies of scale that have previously returned excellent results and new discoveries at the Rackla Gold Project."


Nadaleen Trend


ATAC made Canada's only Carlin-type gold discoveries at the eastern end of its Rackla Gold Project in 2010 by targeting a 30 km trend that is highly anomalous for the Carlin pathfinder elements arsenic, antimony, mercury and thallium. The Nadaleen Trend is comparable in size to the entire Northern Carlin Trend of Nevada and exhibits many of the same characteristics key to the Northern Carlin Trend's exceptional gold endowment. To date, ATAC has defined two clusters of Carlin-type gold discoveries within the Nadaleen Trend - the 12 km2 Osiris and 18 km2 Anubis Clusters.


Between 2011 and 2014, ATAC funded large exploration programs focused on defining broad zones of shallow mineralization within the Osiris Cluster while concurrently conducting regional reconnaissance exploration in search of additional Carlin-type gold targets along the Nadaleen Trend. In response to weaker capital markets during the past few years, ATAC focused its efforts on regional grassroots targets in the Anubis Cluster and utilized more cost effective RAB drilling to evaluate mineralization and potential. The larger program in 2017 will enable ATAC to resume testing zones within the Osiris Cluster (Conrad, Osiris, Sunrise and Ibis) that all remain open for expansion. A combination of diamond and RAB drilling will be used to define these known zones and to assess other areas where limited exploration or drilling has been carried out to date.


Nadaleen Trend Objectives




  1. Conrad Zone

    • Diamond drilling of crosscutting faults thought to be associated with high-grade gold mineralization in holes OS-10-008 and OS-12-184. Only limited drilling has tested these faults due to their near parallel orientation to previous drilling; and,

    • Diamond drilling of the Conrad Lower Zone along strike of OS-14-229.




Previous Conrad Zone Diamond Drilling Highlights

Structure
Drill Hole
From (m)
To(m)
Interval*(m)
Gold(g/t)

 
 
 
 
 
 

350 Fault
OS-10-008
41.35
62.48
21.13
8.03

 
incl.
41.35
53.34
11.99
13.60

 
 
 
 
 
 

650 Fault
OS-12-184
146.91
198.73
51.82
4.05

 
incl.
169.10
177.39
8.29
14.12

 
 
 
 
 
 

Lower Zone
OS-14-229
448.06
484.63
36.57
5.06

* True widths for Conrad diamond drill holes are estimated to be 60% - 100% of intersected widths.



  1. Osiris Zone

    • Diamond drilling the northern extension of the Osiris Zone along strike of OS-11-080 and OS-11-082;

    • RAB drilling to test for additional high-grade mineralized structures similar to the North Osiris Trench discovery which returned values up to 80.40 g/t gold over 1.8 m* (see ATAC news release dated August 30, 2011).




Previous Osiris Zone Diamond Drilling Highlights

Area
Drill Hole
From (m)
To(m)
Interval**(m)
Gold(g/t)

 
 
 
 
 
 

North Osiris
OS-11-080
24.39
44.20
19.81
5.07

 
incl.
32.00
44.20
12.20
8.03

 
 
 
 
 
 

North Osiris
OS-11-082
134.11
178.31
44.20
4.41

 
incl.
160.02
175.26
15.24
6.83

* True width of the North Osiris Trench sample interval is unknown.** True widths for Osiris diamond drill holes are estimated to be 60% - 100% of intersected widths.



  1. Sunrise Zone

    • Shallow diamond and RAB drilling of the Sunrise mineralized corridor along strike to the west where OS-12-150 intersected 15.24 m of 2.64 g/t gold and 7.55 m of 2.81 g/t gold.




  2. Ibis Zone

    • RAB drilling of a gold-in-soil anomaly where a cluster of soil samples returned up to 1.52 g/t gold; and,

    • RAB drilling east of the Ibis Zone where a rock grab sample returned 1.81 g/t gold.




  3. Anubis Cluster

    • Diamond drilling at the Orion Zone will follow-up mineralization intersected in AN-16-010 which returned 61.29 m of 2.75 g/t gold. Additional drilling will test for mineralization at depth where an area of favorable stratigraphy is interpreted to be; and,

    • RAB drilling of untested targets along the 6 km long Anubis Fault Corridor.




Rau Trend


Prior to the discovery of the Nadaleen Trend, ATAC explored the 25 km long Rau Trend from 2007 through 2010 and focused on defining the high-grade oxide Tiger Gold Deposit. ATAC employed a two-pronged exploration approach at the Rau Trend which advanced the Tiger Deposit through resource development while simultaneously advancing regional exploration targets. This resulted in the discovery of over 15 early-stage prospecting/geochemical anomalies that have received little to no follow-up work since 2010.


In 2016, ATAC completed an updated Preliminary Economic Assessment ("PEA") on the Tiger Deposit which improved on every metric from the 2014 PEA. One major success of the 2016 PEA was the inclusion of sulphide gold resources into the proposed mine plan (see ATAC news release dated May 31, 2016).


2016 Tiger Deposit PEA Highlights


The following highlights from the 2016 PEA are based on a gold price of US$1,250/oz and an exchange rate of CA$1.00 to US$0.78. Unless specified otherwise, all values are shown in Canadian dollars.



  • NPV(5%) of $106.6 million and an IRR of 34.8% before tax, and an NPV(5%) of $75.7 million and an IRR of 28.2% after tax, with an all-in sustaining cost of US$864/oz;

  • Compared to the 2014 PEA, the 2016 PEA extends the mine life by 2 years, more than doubles the pre-tax NPV(5%) and increases the pre-tax IRR by 4.8%; and,

  • Approximately 302,307 ounces of gold produced at an average undiluted grade of 3.81 g/t gold.


As part of the 2017 program, ATAC will be testing for additional oxide and sulphide mineralization at the Tiger Deposit while concurrently advancing regional gold targets to the drill stage.


Rau Trend Objectives




  1. Tiger Deposit Drilling

    • Shallow diamond drilling of the Tiger East gold-in-soil geochemical anomaly located 125 m from the southeastern limit of the proposed 2016 PEA Tiger Deposit pit where 10 out of 21 composite float grab samples collected in 2016 returned between 1.15 g/t to 18.30 g/t gold;

    • Drilling at Tiger East will also test the eastern extent of the Tiger Deposit upper zone mineralization proximal to the mineralizing Tiger Fault; and,

    • Diamond drilling within the proposed 2016 PEA Tiger Deposit pit will test for additional sulphide mineralization.



  2. Rau Trend Exploration



  • Prospecting, mapping and potential RAB drilling of four oxide gold targets along strike of the Tiger Deposit at the Cheetah, Cougar, Panther and Puma Zones where grab samples returned 3.06 g/t gold, 3.13 g/t gold, 5.72 g/t gold and 18.45 g/t gold, respectively; and,

    • Follow-up of the 2016 RAB drilling at the Airstrip Anomaly where hole ASR-16-006 intersected 13.71 m of 1.43 g/t gold.




QA/QC


Grab samples reported range from below detection to the highest value reported in this release.


True widths for Sunrise and Ibis zone drill holes are estimated to be 60%-100% of intersected widths. Based on the character of the mineralization and the limited drilling at the Orion Zone, it is not possible to determine the true width of the intersection at this time. RAB drill hole intersections from the Airstrip Anomaly are drilled thicknesses and true widths are unknown.


PEA Disclosure


The reader should be cautioned that the PEA is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the PEA will be realized.


Additional information about the Tiger Deposit PEA is summarized in ATAC's May 31, 2016 technical report titled "Technical Report and Preliminary Economic Assessment for the Tiger Deposit, Rackla Gold Project, Yukon, Canada" which can be viewed at www.sedar.com under the ATAC profile or on the ATAC website at www.atacresources.com.


The technical information in this news release has been approved by Julia Lane, P.Geo., Vice President of Exploration for ATAC and a qualified person for the purposes of National Instrument 43-101.


About ATAC


ATAC is a Yukon-based exploration company focused on developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent work on the ~1,700 km2 project has resulted in a positive Preliminary Economic Assessment for the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of numerous early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC also holds a 15.66% interest in Arcus Development Group Inc. whose Dan Man project shares its southern boundary with Goldcorp Inc.'s Coffee Gold Project in west-central Yukon. ATAC is well-financed with approximately $14 million in its treasury.


On behalf of Management and the Board of Directors
of ATAC Resources Ltd.


Graham Downs, President and CEO


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 NEWS RELEASE.




For further information, please contact:
Vanessa Pickering, Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 260
info@atacresources.com




over 7 years ago
luker
City
Toronto, Ontario
Rank
President
Activity Points
40633
Rating
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Date Joined
07/27/2008
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