Canadian Penny Stocks Blog

Profiting from Canadian Penny Stocks today

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” –

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. (

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

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

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

North American Nickel


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. (

GreenRush Financial Conference

Canada’s First Medical Marijuana, Industrial Hemp,
Alternative Medicine Investment Conference



Financial Conference


May 7, 2014 7:00 a.m. – 5:00 p.m.
Vancouver Convention Centre East, Ballrooms A/B/C

 Call 1.800.667.1870 

Reed Mine Achieves Commercial Production

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 1, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS Ventures” or the “Company”) is pleased to update shareholders on the progress made at the Reed mine, near Flin Flon Manitoba. VMS Ventures owns 30% of the mine and is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) (“Hudbay”) owns 70% and is the Operator.

The Reed copper project advanced to mine status after achieving commercial production on March 31, 2014.

  • Averaging 60% of full production tonnage (1,300 tonnes per day) over the last 90 days, having operated at 792 tonnes per day in the first quarter of 2014.
  • During the first quarter Reed mined 71,236 tonnes of ore at a copper grade of 1.92% and a zinc grade of 2.14% from a combination of ore development and longhole stope mining.
  • The project has invested $66 million to the end of Q1, 2014 and approximately $4 million of project capital will be spent as sustaining capital over the life of mine.
  • The project was completed under budget and ahead of guidance with no lost time accidents.
  • Sale of copper and zinc concentrates will start to pay back the Company’s project loan and advance VMS towards cash flow.
  • During the month of March development advanced 288 metres or 9.3 metres per day, for a total of 3,215 metres project to date.
  • 27,407 tonnes of ore were mined in March.
Neil Richardson, VMS Ventures’ COO states: “We are very pleased to see the Reed copper project advance to mine status and achieve commercial production. The mine continues to advance towards full production and has operated without any lost time accidents. Thanks to all the employees and contractors for a job well done.”

Technorati Tags: canadian mining stocks, reed mine

Geophysical Surveys Underway at Maniitsoq

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 17, 2014) – North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the “Company”) is pleased to announce that Crone Geophysics of Mississauga, Ontario have mobilized their crews to the Imiak Hill Conduit Complex (IHCC), part of the Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.

Geophysical Surveys Underway

The geophysical survey work now underway consists of surface time-domain PEM and gravity surveys in the Imiak Hill Conduit Complex, where significant nickel-copper-cobalt PGE mineralization has been intersected in drill holes by the company over the past two drill seasons. These intersections include:

  •            Imiak Hill DDH MQ-13-028: 24.75 metres of near massive to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including; 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM;
  •            Imiak North DDH MQ-13-029: 55.75m of disseminated to near massive and massive sulphide grading: 1.28% nickel, 0.36% copper, 0.04% cobalt, and 0.03 g/t PGM, including;9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t PGM; and
  •            Spotty Hill DDH MQ-12-005: 123.94 meters of disseminated, net-texture, to near massive and massive sulphide grading 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) + palladium (Pd) + gold (Au), including: 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.

President Dr. Mark Fedikow P.Geo. states: “Our deepest hole to date at Imiak Hill in the IHCC intersected high-grade massive sulphide nickel-copper mineralization 185 m below surface. The new geophysical ground surveys are designed to look below that depth and define the extent and shape of our high-grade mineralized zones providing plunge, strike and dip attitudes for the mineralization. The results from these 2014 ground geophysical surveys coupled with the airborne surveys and drill results from 2012 and 2013 will assist with drill targeting at the IHCC. Our team worked last week with four seasoned and internationally experienced nickel sulphide geoscientists. The agenda included a thorough review of the IHCC and all the regional norite-hosted nickel sulphide targets identified as a priority for the 2014 season. We look forward to including them again along the path to discovery at Maniitsoq.”

Canadian Marijuana Stocks


There are changes on the horizon concerning Canada’s medical marijuana laws. Canada is transitioning from the current Marijuana for Medical Access Program (MMAR) to the Marijuana for Medical Purposes Regulations (MMPR). The Government has transferred production and distribution of marijuana for medicinal purposes to companies that have met security requirements.


These changes have spurred a growth of over 40 new publicly traded Canadian Cannabis companies that are all entering this new growth industry. The recent IPO Tweed Marijuana Inc. is trading at 7x’s valuation in the $3.00 ange.


Health Canada estimates that the emerging medical marijuana market to be in excess of $1 billion. Stephen Easton, an SFU Economist, estimated that nationally the Cannabis industry generates approximately $19 to $21 billion.


Cannabis Investor is a website dedicated to publicly traded Canadian Cannabis Companies.


Don’t miss the out on the news & trading opportunities, visit and sign up for free alerts.