New High Grade Gold Intersected at Mt Jewell Project Exploration Update | Drilling Report 01-06-2010 More RC drilling results from Mt Jewell and AMEC Presentation Preliminary results from 7 drill holes completed at the Mt Jewell Gold Project near Kalgoorlie have been received. New drill intersections included: LDRC067: 20m at 4.08g/t Au from 32m including 8m at 8.75g/t LDRC079: 28m at 1.87g/t Au from 104m including 8m at 4.85g/t RESULTS FROM RC DRILLING AT MT JEWELL PROJECT Pioneer Resources (ASX: PIO) is pleased to report that results from a small program of drilling at its Mt Jewell Project have been received and have returned more very significant assay results. The preliminary results listed above and in more detail in Table 1, are from holes drilled at the Hughes Prospect and include the first intercept of shallow, high grade supergene gold from this prospect. Holes also successfully tested for down dip continuity and strike extensions. The drill program comprised 7 RC drill holes for an advance of 862m. 5 of the 7 drill holes intersected gold mineralisation grading above 1.0g/t Au. Pioneer Managing Director David Crook said the Company was very pleased with the results as they indicate the presence of high grade, shallow mineralisation for the first time at the Hughes Prospect. Similar high grade shallow mineralisation has previously been reported at the nearby Tregurtha Prospect. RAB DRILLING RESULTS CONFIRM THE PROSPECTIVE GOLDEN CITIES NORTH TREND Pioneer has also completed a 7,000m RAB program, the first of up to 4 passes of RAB drilling required to resolve targets in sufficient detail for RC resource identification drilling. Two targets are becoming evident and testing will continue. The mineralised structure being targeted hosts the operating Golden Cities and Federal Mines, located just to south of Pioneer’s tenements. The Company has other partially tested RAB anomalies at Pianto, Hughes and West Contact, and will further test these this year also. AMEC CONFERENCE PRESENTATION Pioneer’s Managing Director will be presenting today at the Association of Mining and Exploration Companies’ (AMEC) convention which is being held in Perth. The slides of the presentation will be released separately. The presentation will focus on the Mt Jewell Gold Project, however will briefly address recent nickel results from the Acra JV Project, and forthcoming work for the Golden Ridge JV and Mt Thirsty Projects targeting nickel sulphide mineralisation during the September 2010 quarter. Yours faithfully Managing Director About Pioneer Resources Limited Pioneer Resources Limited (ASX: PIO) is a specialist exploration company searching for gold and base metals in the Kalgoorlie and Ravensthorpe Districts of Western Australia. The Company strives to create shareholder value by combining work on advanced projects with active project generation from within the Company’s 100%-owned and joint venture tenement portfolio. A summary of the Company’s activities is available from the Company’s web site at www.PIOresources.com.au
Ihr lest doch auch alle bei Hotcopper. Also ich finde den Post schon positiv. Wenn da wirklich demnächst Abnahme Verträge Unterzeichnet werden, werden wir die 5c schon packen. In ferner Zukunft 😀
Dazu shaneos Post:
The Pioneer CEO has been quoted in a recent article as saying 10,000 tonnes of Pollucite would equate to approx 3,000 tonnes of Caesium Formate @ $25,000 tonne which would be $75M based on those figures.
It was also mentioned in todays Ann that negotiations are advancing on an offtake agreement...
Pretty positive imo...
Dazu dann noch unser Lithium, but remember . Wir haben auch noch Cobald und Gold. Ganz ehrlich für einen Explorer sehr breit gefächert. Da muss was kommen . Ich brauche das investierte Kapital nicht. Ich verkaufe erst mit nem satten Plus.
Die Meldung kam auch in einem schlechten Marktumfeld...der australische Aktienmarkt war gestern mit 1,5% im Minus und natürlich ist PIO auch ein Spielball von vielen (Klein)-Spekulanten geworden....abwarten.
: mmh...schade das die letzten News nicht zum
Kurs-Anstieg beigetragen haben....ich hoffe doch, dass die Labor-Ergebnisse von Mavis mehr Schwung in den Kurs bringen...lt. den letzten Infos sollten diese ja bis Ende März/Anfang April kommen...abwarten.
: an ein Übernahmeangebot glaube ich nicht, aber
ausschliessen möchte ich es auch nicht...PIO hat nicht nur mit dem Cäsium in Dome lukrative Projekte, sondern Spodumen in Mavis und Gold in Acra....ich könnte mir eher ein Angebot vorstellen um z. B. das ganze Cäsium von Dome aufzukaufen/abzubauen...hier gibt es nur wenige Grössen auf der Welt, die Cäsium abbauen....PIO hat ja in der letzten News geschrieben, dass man bzgl. des Dome-Cäsiums in fortgeschrittenen Verhandlungen mit einem Interessenten sei...abwarten :-)
...und dann sind noch Einige News ausstehend wie aus Mavis (late April) und NST will ein grosses Bohrprogram auf Acra starten......aber die News müssen halt auch kommen, sonst passiert nix.....abwarten.
Klar einen explorer aufkaufen ist kein muss. Sollte es in den naechsten Jahren zu Engpässen kommen werden die grössen Batteriehersteller schon sehen wie sie an ihr lithium kommen und ich denke wenn man nicht nur den Rohstoff kauft sondern eine neue Abteilung aufmacht.... die neue Abteilung ist dann die Tochterfirma mit der Expertise und jahrelanger Erfahrung. vis
: @FreedomBM: alles schön und gut, aber der Kurs
sollte auch mal anspringen...da tut sich derzeit (noch) nichts....leider weiter abwarten.... hätte mir ehrlich gesagt mehr von den guten Mavis-Nachrichten erwartet...aber die Börse führt ihr Eigenleben....
....A pivotal drilling project undertaken by International Lithium Corp. (TSXV: ILC)(?International Lithium?) last winter has revealed what the company long suspected; a large quantity of high-grade lithium present throughout their Mavis Lake project in Ontario. International lithium has enjoyed the support of Chinese lithium giant Ganfeng, as well as North-American and Australian exploration specialists Pioneer Resources for some years now, and the trio?s particular spread of bets is consistently proving to be a compelling investment........... In total, twelve diamond core drill holes were completed over a total of 1,305 metres across three distinct targets, and the results have been eagerly anticipated. As previously stated, the Ontario deposit features extensive formations and historical measurements that provided hints of the presence of high-grade material. Key results from the exploration work feature 1.47% Li2O over 17.90 metres, 1.70% Li2O over 26.30 metres (including a zone grading 2.97% over 7.70m), a further 1.45% Li2O over 16.55 metres, and 1.40% Li2O over 23.10 metres. Clearly, the project has followed through on its promises, and furthermore, a particular pegmatite area has demonstrated exceptional value........
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
VAL-D'OR, QC, April 24, 2017 /CNW Telbec/ - ABE Resources Inc. (TSXV: ABE) (the "Company" or "ABE") is pleased to announce that it is increasing the maximum size of its non-brokered private placement (the "Private Placement") from $2,000,000 to $2,250,000. The Private Placement is being completed in connection with a 2:1 consolidation of the Company's issued and outstanding securities (the "Consolidation"), its proposed arm's length acquisition (the "Acquisition") of Pioneer Resources Inc. ("Pioneer"), and a series of shares for debt transactions to settle $145,904 in outstanding indebtedness of Pioneer owed to certain current officers, directors, and shareholders of Pioneer (the "Debt Settlement"), as previously announced on November 15, 2016 and April 21, 2017.
The Private Placement now consists of an offering of a minimum of 30,000,000 post-Consolidation units of ABE (each, a "Unit") and a maximum of 45,000,000 Units at a price of $0.05 per Unit for minimum gross proceeds of $1,500,000 (the "Minimum Offering") and maximum gross proceeds of $2,250,000.
Each Unit will consist of one post-Consolidation Share and one post-Consolidation common share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to acquire one post-Consolidation Share at an exercise price of $0.15 per Share for a period of 24 months.
The proceeds of the Private Placement will be used to complete the transactions described in this news release (collectively, the "Transactions") and to carry out exploration work on Pioneer's mining properties located near the town of Ste-Anne-des Monts, in the province of Quebec, known as the Dôme Lemieux property.
In connection with the Private Placement, the Company has agreed to pay a finder's fee in respect of those purchasers introduced to the Company by Echelon Wealth Partners Inc. (the "Finder"). The Finder will receive a cash payment equal to 6% of the gross proceeds received from purchasers under the Offering who were introduced to the Company by the Finder.
The closing of the Acquisition remains subject to completion of the Consolidation, the Minimum Offering, and the Debt Settlement and each of the Transactions remain subject to the final approval of the TSX Venture Exchange.
About ABE Resources Inc.
ABE Resources Inc. is a Quebec mineral exploration company focused on the discovery and development of mineral deposits of economic potential primarily in the province of Quebec. For further information on the Company, please visit our website at www.aberesources.ca or contact us at firstname.lastname@example.org.
About Pioneer Resources Inc.
Pioneer is a privately held mineral exploration company with an experienced mineral exploration management team that holds a 100% undivided interest in the Dôme Lemieux property located in Gaspé, Quebec. The property hosted three past producing mines (lead, copper, zinc) and several showings, is accessible by road year-round, and has historical drilling totalling approximately 66,000 m.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the ability of ABE to obtain all required approvals and consents and to complete the Transactions; the terms and conditions of the proposed Transactions; use of funds from the Private Placement; and the business and operations of ABE upon completion of the proposed Transactions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; and the ability of ABE to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. ABE disclaims 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 required by law.