News Release
Surefire Resources says Saudi processing talks progressing swiftly
Surefire Resources NL
Surefire Resources NL (ASX:SRN) MD Paul Burton caught up with Proactive soon after releasing an update on its 100% owned projects in Western Australia. He says the pre-feasibility study (PFS) for the Victory Bore project is on track, discussions with the Saudi government for processing of vanadium magnetite are progressing well and that vanadium extraction and high-purity alumina (HPA) assessments are advancing. Surefire has executed a Memorandum of Understanding (MOU) with Saudi Arabia’s Ministry of Investment for mineral processing opportunities of high-grade ore from its Victory Bore vanadium and HPA project. Surefire Resources is an Australian mineral exploration company based in Perth, Western Australia (WA). The company holds mineral exploration licences over Vanadium, Magnetite and Gold projects located in WA. Its focus is on adding value to shareholders by advancing its Victory Bore vanadium critical and battery minerals project located close to existing infrastructure, and currently in Pre-Feasibility stage. In addition, its large magnetite project with high grade Iron and its Gold project have potential to add considerable value to the company. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
October 17, 2023 05:15 PM Eastern Daylight Time
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News Release
ARway.ai launches augmented reality games as spatial experiences
ARway
ARway Corp Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to share news the company has announced the availability of stock or custom augmented reality games as spatial experiences in the ARway studio. ARway unveiled the availability of stock or custom augmented reality (AR) games as spatial experiences in the ARway studio. This strategic expansion aims to strengthen ARway's position as a leading innovator in AR technology and indoor spatial mapping. Khan explained that AR gaming harnesses the potential of real-world environments by seamlessly blending them with interactive digital content, resulting in engaging and immersive experiences. AR games use sensors such as cameras, microphones, and GPS to detect the real world and overlay game visuals and audio, allowing for interactive and immersive gaming experiences. Khan highlighted the various benefits of augmented reality in the gaming industry, including immersive gameplay, real-world interactions, social engagement, educational advantages, and significant opportunities for marketing and advertising. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:31 PM Eastern Daylight Time
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News Release
Aclara Resources recent drill work unveils new HREE deposit at Carina Module
Aclara Resources Inc
Aclara Resources CEO Ramon Barua joined Steve Darling from Proactive to shared significant news regarding the company's recent auger drilling campaign at the Carina Module in Brazil. Aclara Resources has reported the results of its initial auger drilling campaign, which encompassed 1,693 meters of drilling across 236 drill holes. This work took place at the Carina Module, located in the northeastern part of central Brazil and accessible via paved roads. Barua highlighted the discovery of a new Heavy Rare Earth Element (HREE) deposit hosted in ionic clays. The drilling program reached shallow depths, with an average depth of 7.2 meters, and revealed the potential for expansion, both laterally and at depth, with the prospect of enhancing HREE grades. Furthermore, Barua noted that the mineralized area of the Carina Module spans approximately 1,400 hectares, with the potential for lateral expansion. In comparison, the mineralized area of the company's Penco Module in Chile covers approximately 140 hectares. These findings mark a significant development for Aclara Resources, showcasing the potential for a substantial HREE deposit in Brazil. The company's continued exploration and assessment efforts in the region are aimed at unlocking the full value of this discovery and advancing its mining endeavors in the rare earth elements sector. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:28 PM Eastern Daylight Time
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News Release
Pegasus Resources prepares for inaugural drill program at Pine Channel uranium project
Pegasus Resources Inc.
Pegasus Resources CEO, Chris Timmins, joined Steve Darling from Proactive to provide an update on the company's plans and activities. Timmins shared that Pegasus Resources is actively preparing for its inaugural drill program at the Pine Channel Uranium Property, located in the Athabasca Basin. This drilling program marks a significant milestone for the company as it seeks to explore and potentially develop uranium resources in this prolific mining region. Notably, Pegasus Resources has received the necessary Permit for Diamond Drilling from the Saskatchewan Ministry of Environment, a key step in advancing its exploration efforts. Timmins also discussed the successful conclusion of the company's 2023 ground exploration program at the Punch Bowl property within the Golden Project in southeastern British Columbia. During this program, Pegasus Resources collected a total of 25 rock samples, identifying several new quartz veins measuring up to 0.5 meters in width. Of particular note, 11 of these rock samples were obtained from the Punch Bowl area, where previously unidentified quartz veins were found, measuring up to 1 meter in width and up to 80 meters in length. These developments highlight Pegasus Resources' commitment to advancing its projects and exploring the potential of its properties in both the uranium and precious metals sectors. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:25 PM Eastern Daylight Time
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News Release
Usha Resources announces company has begun Phase 3 exploration work at White Willow Project
Usha Resources Ltd
Deepak Varshney, the CEO of Usha Resources, shared important updates with Steve Darling from Proactive regarding the White Willow Lithium Pegmatite Project in Thunder Bay, Ontario. Usha Resources has recently completed five weeks of fieldwork at the White Willow Lithium Pegmatite Project. During this period, the company compiled data from 618 samples, leading to the delineation of 10 high-priority drill targets for its upcoming maiden drill program. Varshney elaborated on the company's plans, which involve initiating a Phase 3 program. This program will deploy two teams onsite for up to six weeks, focusing on maximizing mapping, sampling, and prospecting efforts. The teams will primarily target the Bingo and Maple Leaf areas, assessing the ground between these two lithium-cesium-tantalum pegmatite swarms. The company intends to drill each of the 10 target pegmatites as part of its maiden drill program. Deepak also provided an update on Usha's ventures in Australia, highlighting plans for a new listing in the Australian market, set for the coming year. This listing is seen as a substantial catalyst, connecting the company to a prominent lithium market and capitalizing on Australia's strong mining-friendly atmosphere. The Usha team is enthusiastic about the potential and support they've received, marking it as a significant step forward in their endeavors. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:21 PM Eastern Daylight Time
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Vertiqal Studios sees Revmo Platform as key initiative to better service for clients
Vertiqal Studios
John Dwyer, CEO of Vertiqal Studios joined Steve Darling from Proactive to discuss its partnership with Revmo, a data analytics platform created by former Goldman Sachs professionals. Revmo focuses on mining data from social media channels, particularly TikTok and Instagram Reels, to optimize content creation and advertising strategies. Vertiqal Studios, known for its extensive library of video game content, provides Revmo with data derived from their 66 channels and over 140 videos. The algorithmic systems on TikTok and Instagram Reels reward videos based on their key attributes, and understanding this data is crucial for content success. Vertiqal Studios leverages this data to offer a value proposition to brands, showing the statistical likelihood of their followers making a purchase. This data-driven approach is a significant shift in the advertising industry, where raw data is essential to demonstrate success. Revmo goes beyond video data and includes business data, press releases, and contact lists. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:12 PM Eastern Daylight Time
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News Release
Northern Superior’s latest drill results unveils new discovery at the Croteau Property in Quebec
Northern Superior Resources Inc.
Northern Superior Resources CEO Simon Marcotte joined Steve Darling from Proactive to shared significant news regarding the company's Croteau Property in Quebec. Northern Superior Resources has reported the latest drill results from its diamond drill program on the Croteau Property. The program has identified new zones with near-surface mineralization in two areas located within one kilometre of the main zone. The main zone already boasts an inferred resource of 640,000 ounces of gold at 1.79 g/t Au. Marcotte highlighted the discovery in the area associated with the Croteau North Shear Zone, where hole CRO22-120 intersected 1.06 g/t Gold over 26 meters, including 4.98 g/t Au over 3.0 meters. This discovery is situated north and parallel to the Croteau-Bouchard Shear Zone. Mineralization in this western area extends along a strike length of approximately 450 meters and is open along strike in both directions and at depth. The results suggest the presence of a large gold-bearing hydrothermal system, spanning at least 1,400 meters in length and 300 meters in width. Much of the North Basalt Domain remains to be drill-tested, and the company is currently evaluating the next phase of exploration for this area. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:08 PM Eastern Daylight Time
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News Release
Sonoro Gold files Preliminary Economic Assessment on Cerro Caliche Project in Mexico
Sonoro Gold Corp
Sonoro Gold Corp CEO Kenneth MacLeod joined Steve Darling from Proactive to shared significant news regarding the company's Cerro Caliche Project in Sonora, Mexico. Sonoro Gold Corp has announced the filing of a Preliminary Economic Assessment (PEA) for the Cerro Caliche Project. The PEA outlines the potential viability of a nine-year life of mine, open-pit, heap leach mining operation. The operation is expected to have an initial two-year production rate of 4,000 metric tonnes per day, with an increase to 12,000 mtpd for the remaining life of the mine. MacLeod highlighted the positive results from the PEA, which include a Pre-Tax net present value discounted at 5% of $71.4 million and a Pre-Tax Internal Rate of Return of 59%. On an After-Tax basis, the NPV5 is $47.7 million, with an IRR of 45%. The project is estimated to achieve a gold recovery rate of 72% and a silver recovery rate of 27%. The payback period is expected to be 2.9 years. These results from the PEA underscore the economic potential of the Cerro Caliche Project and highlight its attractiveness as a valuable mining opportunity. Sonoro Gold Corp continues to advance its exploration and development efforts, aiming to unlock the full potential of this promising project. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 04:03 PM Eastern Daylight Time
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News Release
Steppe Gold accelerating construction on Phase 2 expansion at ATO Gold Mine
Steppe Gold Limited
Aneel Waraich, the Executive Vice President of Steppe Gold, shared important news with Steve Darling from Proactive regarding the company's latest developments. Steppe Gold has drawn down $9.6 million from its $150 million financing package, which was secured in October. This capital injection is intended to accelerate the construction and development of Phase 2 Expansion at the ATO Gold Mine in Mongolia. The company is currently in the final stages of partnering with international engineering firms and construction teams in Mongolia to facilitate the expansion. The Phase 2 expansion is expected to be completed by the end of 2025, with commercial production commencing in 2026. This expansion is projected to increase production threefold, reaching over 100,000 ounces per annum for 12 years. Over the course of this period, Steppe Gold aims to produce over 1.2 million ounces of gold equivalent on a recovered basis. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 17, 2023 03:57 PM Eastern Daylight Time
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