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Carmax updates Diamond Drilling Program

Intersects Long Intervals of Copper-Molybdenite Mineralization on Eaglehead Property

Carmax Mining Corp. (“Carmax”)West Vancouver, British Columbia – September 17, 2014 – Carmax (TSX-Venture: CXM) is pleased to provide its shareholders with an update on the current diamond drilling program on its 100% owned Eaglehead copper-gold-molybdenum-silver located in northwest British Columbia. Highlights for the three diamond drill holes completed to date are:

Highlights:

  • Diamond drill hole DDH 0121 with a core length of 551.08m intersected bornite-chalcopyrite-molybdenite mineralization over the core interval of 29.87m to 551.08m. The diamond drill hole ended in chalcopyrite-bornite +/- molybdenite mineralization and the mineralization is open at depth,
  • DDH 0122 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 9.01m to 441.96m. The diamond drill hole ended in chalcopyrite-molybdenite mineralization and the mineralization is open at depth,
  • DDH 0123 intersected chalcopyrite+/-bornite +/- molybdenite mineralization over the core interval 51.57m to 621.18m. The diamond drill hole ended in chalcopyrite mineralization and the mineralization is open at depth,
  • The Quantec Titan-24 chargeability signature show a strong positive correlation to the visual observation of copper and molybdenite mineralization in the 2014 drill holes in line with the correlation between the chargeability signature and the presence of copper mineralization reported in the historical holes, and
  • The first of the analytical results for the 2014 drill holes is expected towards the end of September-early October and will reported on when reviewed and compiled.

Jevin Werbes, President of Carmax stated that “I am pleased with the progress to date on the Eaglehead. It appears that the historical and current drilling results demonstrate that the > 10mRad chargeability signature from the Titan-24 survey is reflecting the presence of copper-molybdenite mineralization. A significant portion of the signature remains untested thereby having significant implications on the potential size of the mineralized target at Eaglehead. The recently completed drill holes have extended the mineralization deeper and further to the east than the previous drill holes in the Eaglehead deposit. The analytical results for the core samples from these drill holes will be required before any assessment of the significance of the reported mineralization can be completed”.

DDH 0124 is in progress and located between the East and Bornite mineralized zones testing the chargeability signature in this area.  The chargeability signature from the 2014 Quantec survey suggests continuity of the mineralization in the East zone to the northeast towards the Bornite zone.  This area between the two mineralized zones which has not been drill tested.

2014 Diamond Drilling:

DDH 0121; completed in the East zone is an inclined (-60 degrees to the North) hole that has been completed to a core length of 551.08 m (vertical depth of 480m). This hole intersected variable concentrations of chalcopyrite-bornite-molybdenite mineralization from the bedrock surface at 29.87m to the end of the hole at 551.08m in potassic and phyllic altered biotite granodiorite and quartz feldspar porphyry.  The bornite-chalcopyrite-molybdenite mineralization can occur on fractures and as stringers, veinlets, disseminations, discrete blebs and interstitial. The upper 244.4 m of the hole contains variable concentrations of pyrite.

DDH0122; completed in the Bornite zone is an inclined (-65 degrees to the North) hole that has been completed to a core length of 441.96 m (vertical depth of 400m). This hole intersected variable concentrations of chalcopyrite-bornite-molybdenite mineralization from the bedrock surface at 9.01m to the end of the hole at 441.96m in potassic and phyllic altered biotite granodiorite. The bornite-chalcopyrite-molybdenite mineralization can occur on fractures and as stringers, veinlets and discrete blebs. The upper 147.0 m of the hole contains variable concentrations of pyrite.

DDH0123; completed in the East zone is an inclined (-65 degrees to the North) hole that was completed to a core length of 621.8 m (vertical depth of 550m). This hole is a 50m step out to the East and intersected variable concentrations of visible chalcopyrite-bornite-molybdenite mineralization over the core interval 51.57m to the end of the hole at 621.8m in potassic and phyllic altered biotite granodiorite and quartz feldspar porphyry.  The bornite-chalcopyrite-molybdenite mineralization can occur as stringers, veinlets as well as disseminations and discrete blebs. Only trace amounts of pyrite were observed in this hole.

The reader is cautioned that visible copper and molybdenite mineralization does not necessarily equate to significant concentrations of either copper or molybdenum and there is no assurance that the assay results of the samples from these drill holes will yield significant copper or molybdenum grades.

About the Eaglehead Project

The property hosts an NI 43-101 Inferred Mineral Resource estimate of 103.0 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au.

The report, filed on Sedar at www.sedar.com was prepared by RPA Inc. (see news release dated May 16, 2012).  The resource was estimated at a cut-off grade of 0.16% CuEq, to contain approximately 662 million pounds copper, 22 million pounds molybdenum, and 265,000 ounces gold.

The Mineral Resource is contained within two conceptual open pits covering the East and Bornite zones approximately 69% of the total mineralization above the grade cut-off.

The Eaglehead Cu-Mo Project is located approximately 48 km east of Dease Lake, in northwestern British Columbia. The property covers a total area of approximately 13,540 hectares (ha) in the Liard Mining Division of British Columbia.

The Eaglehead Project hosts porphyry style copper-molybdenum-gold-silver mineralization. The mineralization occurs in potassic and phyllic altered granodiorite and quartz feldspar porphyry intrusive rocks. Past work has identified six mineralized zones on the property.

Chris M. Healey, P.Geo., a Director of Carmax, is a qualified person as defined in NI 43-101, and has reviewed and approved the technical information contained in this news release.

About Carmax

Carmax is a Canadian company engaged in exploration for porphyry copper-gold-molybdenum deposits in northwestern British Columbia.

For further information, please visit the website at www.carmaxmining.com to view the Company’s profile or contact Jevin Werbes at 604-921-1810.

Jevin Werbes, President

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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.

Cautionary Statement on Forward Looking Statement

Certain information contained in this news release, including information as to our strategy, projects, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward looking statements”.  Actual results may differ materially from those indicated by such statements.  All statements, other than historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking information in this news release includes, but is not limited to, statements about the exploration program at the Eaglehead project; the resource estimate at the Eaglehead project; and statements about Carmax’s strategy, future operations and prospects.

This news release contains “forward-looking information” within the meaning of the Canadian securities laws. In the forward-looking information contained in this news release, Carmax has made numerous assumptions regarding, the anticipated analytical results of the current drilling program, the potential size of the mineralized target; the interpreted correlation between the Quantec Titan-24 DCIP survey results and the copper mineralization reported in the historical and current drill results.  While Carmax considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.  Additionally, there are known and unknown risk factors which could cause Carmax’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.  Known risk factors include, among others: the Quantec Titan-24 DCIP survey results outlined in 2014 does not reflect copper mineralization; the possibility that the reported copper-molybdenum mineralization in the 2014 drill holes does not return significant mineralization; the analytical results from the 2014 core sampling does not return significant grades of copper-molybdenum mineralization; uncertainties relating to interpretation of drill results and the geology, continuity and grade of the mineral deposit; the uncertainty as to the availability and terms of future financing; the possibility of delay in the exploration program and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals

A more complete discussion of the risks and uncertainties facing Carmax is disclosed in Carmax’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com.  All forward-looking information herein is qualified in its entirety by this cautionary statement, and Carmax disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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Carmax Mining Corp stock review

Carmax Mining Corp.

CXM.V

Drilling Continues At Eaglehead

Copper-Gold-Silver-Molybdenum

“We took control of Carmax and the Eaglehead project in 2011,” stated Jevin Werbes, CEO of Carmax in an exclusive interview with Financial Press, “By that point there had been over 94 holes drilled on the project. That season we drilled about 25 new holes and this season we are drilling and re-logging millions of dollars of historical core all of which will help us build a new resource calculation.”

  • Drilling ~4000m  underway
  • Core assay results are expected by November 2014.
  • NI 43-101 Inferred Mineral Resource of 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, 1.9 g/t Ag, and 0.08 g/t Au.
  • The Eaglehead property today contains approximately 662 million pounds copper, 265,000 ounces gold and 22 million pounds molybdenum.
  • Major Shareholder Ownership 42%
  • $1.6M cash

“Survey Exposes Massive Copper Deposit”

http://financialpress.com/2014/09/10/new-technological-survey-exposes-massive-copper-deposit/

VTI signs letter of intent for Mexican Joint Venture

VTI signs letter of intent to Supply Integrated Fiber Optic Solutions

Vancouver, BC – August 25, 2014:Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC: VTIFF) is pleased to report that a Letter of Intent for a joint venture partnership has been signed with Inteligencia e Infraestructura En America S. A. (“Inteligencia”).  Inteligencia, located in Mexico City, markets, services and installs electrical equipment and fibre optic cable, to the telecommunications industry, throughout Mexico

The objective of this proposed joint venture is for Valdor to become a leader in the Mexican fibre optic technology market and in telecommunications customer acquisition.  The imminent deregulation of Mexico’s telecommunication industry will be a catalyst for this process.  The Mexican telecommunications market is $35 billion/year and growing. (Please see the study by the “Cooperation Organization for Economic Development” on the Mexican telecommunications industry & Mexican Government website “Instituto Federal de Telecomunicaciones”.) (http://www.ift.org.mx/iftweb/)  Fibre-to-the-home deployment in Mexico is at a very early stage.    

It is proposed that Valdor will provide quality control practices and procedures, component procurement, operational procedures, technical transfer and training.  It is proposed that Inteligencia will provide the engineering and assembly employees, sales and marketing employees, executive leadership, and the physical facilities in Mexico.

Valdor and Inteligencia will each provide 50% of the investment capital and share equally in the profits.  To satisfy the Mexican requirement for local content, the joint venture will ultimately, but not immediately, establish a manufacturing facility within Mexico. The joint venture will initially supply and ultimately manufacture passive optical components including a full range of optical connectors, assemblies, patch panels and integrated optical solutions.   Mr. Toledo has tendered his resignation as a Valdor Director; this will allow him more flexibility in securing business opportunities for Valdor throughout Latin America.  The joint venture partnership will be structured to provide triple play (voice, data & multi-media) solutions for the FTTx and streaming video market sectors; the content focus will be health care, security and education

Valdor has received a third set of comments from the US Securities and Exchange Commission (SEC) relative to listing on the OTCQB securities market (please see news release dated March 26, 2014).  Valdor plans to respond to these comments during the week of August 25, 2014.

About Valdor Technology International Inc.

Valdor is a technology company with two divisions:

1) Valdor Fiber Optics, a fibre optic components company specializing in the design, manufacture and sale of fibre optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use Valdor proprietary and patented technologies.  The company specializes in harsh environment products and in particular splitters and connectors;  

2) Niagara Streaming Media, a streaming video business that holds four patents and markets the Niagara and GoStream product lines. 

Fibre-to-the-home is the future for telephone, television and internet communications and streaming video is the future of television.  The Valdor business plan incorporates growth by acquisition. 
For further information on Valdor’s product lines please visit www.valdor.com.

New Anomalies Identified at Maniitsoq Nickel Sulphide Project in Greenland

New Anomalies Identified at Maniitsoq Nickel Sulphide Project in Greenland

 

 

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 22, 2014) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce the completion of surface geophysical surveys and identification of electromagnetic and gravity anomalies at the Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.

 

Surface time domain electromagnetic (TDEM) and gravity surveys were initiated at the Maniitsoq project in mid-April and were completed in mid-June. The surveys were carried out by Crone Geophysics of Mississauga, Ontario and focused on two areas, the Imiak Hill Conduit Complex (IHCC) and Fossilik, where previous drilling intersected significant Ni-Cu-PGE mineralization (See Figure 1).

 

Preliminary TDEM results indicate the presence of EM anomalies correlating with both existing mineralization and also representing new geophysical targets. Preliminary gravity results indicate that gravity anomalies exist in both the Imiak and Fossilik areas and correlate with noritic intrusions identified from both surface mapping and drilling. Several of the known nickel-copper occurrences are empirically observed to occur at the margins of these gravity highs.

 

NAN President and Interim CEO, Mark Fedikow, commented: “The 2014 exploration program is well underway and completion of the surface geophysical surveys over the IHCC and Fossilik areas is an important component in our exploration strategy. The addition of gravity surveying this year represents a valuable new tool for exploring the Company’s large Maniitsoq property where noritic intrusions occur over a 75 km strike length. Identification and correlation of gravity highs with two of the known mineralized norite intrusions in the belt indicate that gravity will be very useful in mapping the subsurface extents of mafic and ultramafic intrusions and in helping to understand the distribution of related nickel-copper sulphide mineralization”.

 

TDEM surveying totaling 87 line km have been completed in the IHCC and Fossilik areas located in the central portion of the Maniitsoq property. Data interpretation and modeling are in progress and results are being used to target both follow-up drilling as well as define new targets for potential drill testing.

 

Gravity surveys were completed over the IHCC and, based on favorable results, an additional gravity survey was carried out over the Fossilik area. In each area, the surveys consisted of a core of gravity readings at 50m stations on 200m line intervals surrounded by more widely spaced readings typically on 500m centers. Gravity readings were taken at a total of 944 stations. The preceding comments are based on initial data modeling and inversions.

 

At the IHCC (see Figure 2), several gravity highs are observed to be coincident with, or flanking, the mapped and interpreted norite outcrops. Gravity inversion modeling shows one of the gravity highs to be coincident with the mineralized Spotty Hill norite intrusion. This gravity high extends south of the current Spotty drilling and also extends to the northwestward towards the Imiak North area. Another larger more complex double lobed gravity high lies in the immediate vicinity of the mineralized Imiak Hill norite intrusion. One lobe of this gravity high extends south of the Imiak Hill drilling and the other lobe lies to the NW.

 

At the Fossilik area located 9 km southwest of the IHCC (see Figure 3); gravity surveying identified a large ~1.5 km x 2.5 km gravity high which is coincident with the Fossilik norite intrusion. Surface nickel occurrences and nickel mineralization intersected in historic drilling and past drilling by the Company are observed to lie at or near the southwestern and western margins of this gravity high.

 

Data interpretation and modeling are on-going but results to date indicate that gravity data will be a useful tool to aid in mapping the sub-surface extents of the target noritic intrusions, particularly as compared to the magnetic data where correlation of anomalies with norite intrusions is less consistent. Additional images of the gravity inversions may be viewed on the Company’s website.

Valdor expanding into Mexico

Valdor Expands Into Mexico
Plans to Establish Manufacturing Plant

Vancouver, BC / TNW-ACCESSWIRE / June 26, 2014 / Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC: VTIFF) is pleased to report that joint venture partnerships are underway to benefit Valdor from the imminent deregulation of Mexico’s telecommunication industry. Mr. Hector Toledo, Director, will be at the forefront of this initiative on behalf of Valdor. Valdor’s joint venture partnerships will be structured to provide solutions for the FTTx and streaming video market sectors; the content focus will be health care, security and education. To satisfy the Mexican requirement for local content, Valdor plans to ultimately, but not immediately, establish a manufacturing facility within Mexico.

In the near future, Mexico’s telecommunications service providers will be subject to deregulation imposed by the Mexican federal government. To increase the competitiveness of the country, Mexican President Enrique Pena Nieto is promoting deregulation of several industry sectors. Legislation addressing this telecommunications deregulation is currently in the Mexican Congress and is expected to be approved during this summer session; implementation is expected to be immediate following government approval. This event is expected to be similar in scope and consequence to the deregulation of AT&T in 1984 and 1996 imposed by the US federal government, and will open the Mexican market to competition. In 2013 the Mexican telecommunications market, including services, was about US$35 billion. This market has been growing at a rate of about 15% per year and is expected to grow at a rate of about 35% per year following deregulation. (Please see the study by the “Cooperation Organization for Economic Development” on the Mexican telecommunications industry & Mexican Government website “Instituto Federal de Telecomunicaciones” – http://www.ifetel.gob.mx/)

Mr. Toledo, will represent Valdor’s interests in forming joint venture partnerships. Between 1974 and 1986, Mr. Toledo received: a Bachelor in Civil Engineering from UNAM – Mexico; a Master in Business Administration (MBA) from UCLA – California; a Bachelor in Telecommunications Engineering from TUA – Germany and; an MBA from IPADE – Mexico. From 1979 to 2009, as Vice-President, President and/or Managing Director of various high profile technology focused companies (Nortel – Mexico, AMP/Tyco and Matra Communications de Mexico/EADS Telecom), Mr. Toledo was responsible for increasing revenue from initial roll-out to as much as US$500,000,000/year. At an executive level, with telecom and information technology businesses, Mr. Toledo’s geographical area of responsibility has predominately been Latin America, but he has also had management, sales and marketing experience in the USA, France, Germany, India, the Soviet Union, Egypt, Turkey, Australia and South Africa. He is fluent in Spanish, English, German and French. He has personal and business relationships with many of the senior executives who control some of the largest telecommunications companies in Latin America. (For a more complete biography on Mr. Toledo, please see Valdor news release dated 14/3/12)

Mr. Toledo states: “We are excited about this opportunity and are focused on our partnerships and clients. We have expanded our product lines and solutions portfolios to meet the needs of this growing market; in Mexico it is critical to have the appropriate partner and the best solutions. From a business perspective, deregulation opportunities of this nature come along once in a generation”

About Valdor Technology International Inc. (www.valdortech.com):

Valdor is a technology company with two divisions:

1) Valdor Fiber Optics, a fiber optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use Valdor proprietary and patented technologies. The company specializes in harsh environment products and in particular splitters and connectors;

2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines.

Fiber-to-the-home is the future of telephone, television and internet communications and streaming video is the future of television. The Valdor business plan incorporates growth by acquisition. For further information on Valdor’s product lines please visit www.valdor.com.

2014 Drilling Campaign Commences at Maniitsoq

Minimum of 4,700 Metres of Diamond Core Scheduled

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 19, 2014) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the “Company”) is pleased to announce that drilling has commenced at their 100% owned Maniitsoq nickel-copper-PGM sulphide project in South West Greenland. The 2014 drill program will employ two diamond drill rigs targeting existing prospects and regional targets along the Greenland Norite Belt. In addition to drilling, other activities will be ongoing to develop new target areas within the very large property package being explored.

The first drill is focused on the Imiak Hill Conduit Complex (“IHCC”) and more specifically on the Imiak Hill zone where previous drilling intersected 4.31% Nickel, 0.62% Copper and 0.14% Cobalt over 18.62 metres core length in hole MQ-13-026 (See NAN announcement dated October 10, 2013). The zones at IHCC remain open at depth, and the 2014 drilling will test the down plunge potential of these nickel-copper-PGM systems. The deepest mineralized intersection to date on the property is in hole MQ-13-028, which reported 3.19 Ni and 1.14% Cu over 24.75m, at depth of approximately 185m from surface (See NAN announcement dated November 5, 2014).

The second drill is scheduled to start in about three weeks and will begin in the Pingo target area, located approximately 25 kilometers northwest of the IHCC. The 2013 Heli borne VTEM survey identified high priority sub surface conductors at Pingo, which are coincident with NAN’s surface sampling and historical exploration results; both have documented anomalous nickel sulphide mineralization in noritic rocks.

All diamond drill holes will be surveyed using a 3D (ZXY) borehole pulse electromagnetic system operated by Crone Geophysics and Exploration Ltd., which detects sulphide mineralization up to 100 metres away from the hole, as well as assisting with defining intersected conductor or zone parameters. This method has been utilized over the last two years of drilling at Maniitsoq and has assisted the geological team in understanding the mineralized systems at IHCC.

Ground Geophysics

Crone Geophysics has completed 936 gravity stations, with 627 completed at IHCC and 309 completed at Fossilik. The survey was successfully completed and the crew has returned to Canada. The gravity data is being interpreted by Magma Geoscience Inc. and results are expected in July 2014.

Surface Time-Domain Electromagnetic surveys (TDEM) have been completed on the IHCC and Fossilik target areas. A total of 79.55 line kilometers were surveyed, with 69.4 line kilometers completed over the IHCC and 10.15 line kilometers over the Fossilik area. Survey work will continue for the next 7-10 days focusing on the Fossilik area grid and in particular the Fossilik II showing. Interpretation of the TDEM survey will be completed by Crone Geophysics.

VMS Completes Ore Sales and Purchase Agreement with Hudbay Minerals for the Reed Copper Mine

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 5, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS” or the “Company”) is pleased to announce that in keeping with the Joint Venture Agreement (JV Agreement) with Hudbay Minerals Inc., (TSX:HBM)(NYSE:HBM) (“Hudbay”) it has successfully negotiated and executed a definitive and binding Ore Sales and Purchase Agreement (“OS&P Agreement”) with Hudbay regarding its 30% share of production from the Reed mine, located near Flin Flon, Manitoba. The OS&P Agreement commercial terms we negotiated in accordance with the overriding principle that both parties be treated fairly, reasonably and transparently and that each party be guided by the objective to secure fair pricing.

Revenue earned by VMS from the sale of its share of Reed ore is contingent upon actual mill recoveries achieved at Hudbay’s concentrating facility in Flin Flon, and on the actual mining, milling and other operating costs associated with producing and selling both copper and zinc concentrates from the Reed ore. The price payable to VMS for its proportional share of copper concentrate produced from Reed is based on benchmark terms and pricing agreed between Hudbay and its largest purchaser of copper concentrate. The selling price for Zinc concentrates for VMS’s share of ore produced at Reed will be based on standard third party commercial terms for treatment at a Zinc refinery for each particular year of operation. VMS will start receiving cash flow from Reed once its share of capital costs incurred in mine development are repaid to Hudbay.

Rick Mark (CEO and Chair) stated “This agreement represents a major milestone in the development and now commercial operation of the Reed mine. VMS and Hudbay worked very closely to ensure a fair, transparent and practical sales agreement, which will result in maximizing the financial benefits of the mine’s production for both parties. We are pleased to continue our strong relationship into the operational phase of the mine.”

About VMS Ventures Inc.:

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company’s VMS project property portfolio consists of the Reed mine, which is subject to a 70-30 JV with Hudbay Minerals and achieved initial production in Q4-2013, Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned the Black Creek property in the Sudbury mining camp.

VMS Ventures owns approximately 22% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

Maniitsoq 2014 Exploration Program Update Drill Equipment in Nuuk; Team arrives June 13th

North American Nickel

NAN.V   WSCRF

Maniitsoq 2014 Exploration Program Update

Drill Equipment in Nuuk; Team arrives June 13th

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 29, 2014) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP:65704T 108) (the “Company”) is pleased to announce that the drill and drilling equipment that will be used at the Imiak Hill Conduit Complex have arrived in Nuuk, Greenland and has been off-loaded from the ship.

 

The drill crews and North American Nickel’s geological team will be arriving in Nuuk on June 13th.
North American Nickel has finalized its geological team for the 2014 Maniitsoq program. The team has been assembled, and is led, by COO Neil Richardson. It is a bigger, more experienced group this year and will work in two shifts. It consists of Team A: Jim Sparling (Project Manager), Chris Roney and Darrel Turcotte; and, Team B: Jamie Lavigne, Kevin Wells, and Scot Halladay. The two teams represent combined exploration/mining experience of over 150 years.

 

NAN President, Mark Fedikow and Principal Nickel Consultant, Patti Tirschmann will also spend time on the ground at Maniitsoq this season reviewing core, mapping and assisting the geological teams.


Ground Geophysics Update


Crone Geophysics has now completed 655 gravity stations and 67 kilometers of surface Time-Domain Electromagnetics (TDEM) at the Imiak Hill Conduit Complex (IHCC).

 

The gravity crew has completed an additional 126 stations at Fossilik and the TDEM crews are now working on the Fossilik grid and have approximately 20 kilometers of surveying remaining to complete the spring geophysical program.

 

The results from both programs are expected over the next few weeks.

 

NAN Closes $9.38M Non-Brokered Private Placement

 

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 29, 2014) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announced that it has closed its previously announced non-brokered private placement (See Company news release dated May 8, 2014). Gross proceeds of $9,379,970 were raised through the issue of 28,424,152 common shares pursuant to the private placement. In addition, 50,000 common shares were issued as a finder’s fee in connection with the private placement.

All securities issued pursuant to the private placement are subject to a hold period and may not be traded until September 30, 2014.

Sentient Executive GP IV, Limited (for the general partner of Sentient Global Resources Fund IV, L.P.) (“Sentient”) subscribed for a total of 11,739,425 common shares in the financing. Sentient, which is an insider and a related party of the Company, now beneficially owns, or exercises control or direction over, 69,866,523 common shares (or, approximately 41.2% of the issued and outstanding common shares) of the Company.

VMS Ventures Inc. (“VMS”) subscribed for a total of 3,787,879 common shares in the financing. VMS, which is an insider and a related party of the Company, now beneficially owns, or exercises control or direction over, 37,377,583 common shares (or, approximately 22.0% of the issued and outstanding common shares) of the Company. VMS also has warrants entitling it to acquire up to an additional 5,882,352 common shares of the Company.

The proceeds of this financing will be used to fund the Company’s 2014 exploration and drill program for its highly prospective Maniitsoq Ni-Cu-Co-PGE project in southwest Greenland and general working capital purposes.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt.

The Maniitsoq property in Greenland is a Camp scale project comprising 3,601 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Valdor Sales Increase by 1195%

Sales Increase by 1,195 %
Q-1 Revenues of $316,930 US

Vancouver, BC – May 13, 2014: Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC: VTIFF) is pleased to report first quarter cash receipts for the period ending March 31, 2014 totaled US$316,930. Cash received from first quarter sales was US$169,475 and cash received from accounts receivables relating to Valdor’s recent purchase of the business and assets of VideoWare, Inc., now called Niagara Streaming Media, was US$147,455.  Valdor acquired the Niagara Streaming Media business effective February 14, 2014.  

Sales for the first quarter were US$245,492 compared to US$20,538 for the first quarter 2013.  This represents a 1,195% increase.  This revenue encompasses US$216,700 from the Niagara Streaming Media division and US$28,792 from the Valdor Fiber Optics division.

Mr. John Hammock, Executive VP Sales & Marketing, Niagara Streaming Media states; “To date we have been meeting our sales objectives and we are confident that the year will progress well as we integrate into Valdor.  Sales typically increase on a quarterly basis as the year progresses and with the new ‘GoStream’ product line we expect new revenue growth worldwide. We see some great business opportunities on the horizon”.

Valdor has received initial comments from the US Securities and Exchange Commission (SEC) relative to listing on the OTCQB securities market (please see news release dated 14/3/26).  Valdor plans to respond to these comments by 14/5/16.

 

About Valdor Technology International Inc. (www.valdortech.com):

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