Calyx Bio-Ventures to acquire Cannigistics

Calyx Bio-Ventures Inc (C:CYX)
Shares Issued 38,400,000
Last Close 9/23/2014 $0.045
Wednesday September 24 2014 – News Release

Mr. Don Konantz reports

CALYX ENTERS INTO DEFINITIVE AGREEMENTS TO ACQUIRE CANNIGISTICS AGRI-SOLUTIONS CORP.

Calyx Bio-Ventures Inc. has entered into definitive agreements to acquire Cannigistics Agri-Solutions Corp., a company focused on bringing sophisticated, versatile and flexible technology solutions to advanced indoor agriculture.

Cannigistics is developing an efficient application framework that can help growers and agri-facility managers optimize operational efficiency, regulatory compliance, and production results. Cannigistics is presently designing an enterprise software platform tailored to the medical marijuana industry. With the significant reporting requirements of Health Canada and other global agencies as the medical marijuana industry continues to see legalization and rapidly changing regulation, together with the need for tightly controlled growing conditions, it is essential for enterprise software to track, manage, and enhance grower practices in this fast growing industry.

As the medical marijuana industry emerges, new and sophisticated information requirements are becoming apparent for maximizing yield, facility management, integrated security, packaging, labeling and distribution, logistics and tracking. Additionally, the compliance and record keeping requirements are unprecedented and vital to success in the medical marijuana sector. Cannigistics is positioning to be the industry leader in agri-software solutions through its application management console that provides businesses with advanced controls to all aspects of operations.

“We are very excited to have reached agreement with Calyx to conclude the acquisition of Cannigistics,” said Roger Forde, President and CEO of Cannigistics. “As we launch a scalable enterprise solution for indoor agriculture, and an application specifically targeting the medical marijuana industry, it is ideal to have a company with significant experience in biosciences and agriculture innovation behind us. Our proprietary, easy-to-use product offering will allow growers to obtain metrics, streamline compliance, and identify ways to optimize production, as well as offering the ability to integrate with third party platforms to enhance visibility and control throughout the value chain. The legal marijuana supply industry is seeing substantial investment, and we are focused on becoming the dominant solutions provider to this industry, which is expected to grow to $1.3 billion per year in just Canada alone.”

Under the terms of the acquisition, Calyx will acquire all of the issued and outstanding shares of Cannigistics in exchange for 10,000,000 common shares of Calyx. The terms of the acquisition also provide for up to 3,000,000 additional common shares of Calyx to be issued to the vendors in the future upon the occurrence of certain events, further subject to achieving certain performance milestones. The acquisition remains subject to the approval of the TSX Venture Exchange and other conditions customary for a transaction of this nature.

Cannegistics Presentation

http://cannigistics.net/wp-content/uploads/2014/09/Cannigistics-Sept-2014-Presentation-DeckSept15-14.pdf

Calyx Bio-Ventures arranges $300,000 placement

Calyx Bio-Ventures arranges $300,000 placement

2014-09-19 08:07 ET – News Release

 

Mr. Don Konantz reports

CALYX ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Calyx Bio-Ventures Inc. has arranged a non-brokered private placement of up to six million common shares of Calyx at a price of five cents per Calyx share for cash proceeds of up to $300,000. The company may pay a cash finder’s fee of up to 7 per cent and issue finders’ warrants of up to 5 per cent of the number of Calyx shares placed, on all or a portion of the private placement. Any finders’ warrants issued will enable the holder to purchase one Calyx share for a period of one year at a price of 15 cents. The funds raised from the issuance of the Calyx shares will be for general working capital and corporate development purposes.

Newstrike Capital Reports Robust PEA on Ana Paula Project

Newstrike Capital Inc.

TSX VENTURE : NES

September 15, 2014 07:00 ET

Pre-tax NPV@5% of U.S.$405.3 Million and IRR of 47.5%
Average Annual Gold Production of 116,000 Ounces; All-In Sustaining Costs of US $567/Au oz
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 15, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Newstrike Capital Inc. (“NES” or the “Company) (TSX VENTURE:NES) reports the results of an independent technical report developed in accordance with CIM guidelines for a National Instrument 43-101 Preliminary Economic Assessment (“PEA”) on its Ana Paula Project (“Ana Paula” or the “Project”) located in the prolific Guerrero Gold Belt, Mexico.
This study indicates that Ana Paula is a robust, high margin, rapid payback, 8.2-year open pit mining project that benefits from high gold grades with a low strip ratio. The Ana Paula project has excellent access to infrastructure and is located in an established mining jurisdiction.
The PEA study was prepared by JDS Energy & Mining Inc., under the direction of Thomas H. Bagan, Vice President, Project Development (Newstrike).
The reader is advised that the preliminary economic assessment summarized in this press release is only intended to provide an initial, high-level review of the project. The PEA mine plan and economic model include the use of inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
All dollar amounts in this release are stated in US currency.
PEA HIGHLIGHTS
Base Case at $1,300 Au & $20 Ag per ounce
Pre-tax NPV@5% of $405.3 million, IRR of 47.5% with a 2.0 year payback

After-tax NPV@5% of $232.1million, IRR of 32.8% with a 2.4 year payback

Initial capital costs of $163.9 million (Total life-of mine (“LOM”) – $219.7 includes sustaining/closure costs of $55.8 million and contingency costs of $36.2 million)

Open pit mine with 6,000 tonne per day (“tpd”) gravity/flotation/CIL process plant

Cash costs of $527/ oz gold, $486/oz gold Net of By-Product credits

All-in sustaining costs (“AISC”) of $567/oz gold, $526/oz gold Net of By-Product credits

Average annual production of 116,000 gold ounces and 239,000 silver ounces over a 8.2 year mine life

LOM average head grades of 2.24 g/t gold and 6.89 g/t silver

LOM gold and silver recoveries of 75% and 50%, respectively

LOM strip ratio of 2.60 to 1 of waste to mineralized material

“This PEA supports our view Ana Paula is one of the best development-stage gold projects in Mexico. It is a straightforward open pit mine, utilizing conventional milling and flotation concentration with robust economics. The combination of high gold grades, low capital requirements with low operating costs makes this a compelling development project,” commented Richard Whittall, President and CEO of Newstrike. “With a positive PEA in hand, our next step is to evaluate the significant underground potential at Ana Paula and to support high priority exploration targets in this prolific gold belt.”
In management’s view, the economics concluded by the PEA provide a strong incentive for continued geotechnical, metallurgical and engineering studies. Newstrike believes there are excellent opportunities to refine various project elements and improve the economics through gold recovery optimization.
PEA SUMMARY OF RESULTS
Mine Life Years 8.2
Total Resource M tonnes 17.8
Total Waste M tonnes 33.6
Total Capitalized Waste M tonnes 12.5
Total Mined M tonnes 63.9
Strip Ratio w:mr 2.60
Mining Rate tpd 23,385
Plant Throughput tpd 6,000
Average Head Grades
Au g/t 2.24
Ag g/t 6.89
Payable Metal
Au LOM k oz 957
k oz/yr 116
Ag LOM k oz 1,961
k oz/yr 239
SUMMARY OF ECONOMICS AT BASE CASE US$1,300/Oz GOLD
LOM Pre-Tax Cash Flow US $M $742.6
Avg Pre-Tax Cash Flow per Year US $M $90.4
Taxes US $M $223.6
LOM After-Tax Cash Flow US $M $519.0
Avg After-Tax Cash Flow per Year US $M $63.2
Discount Rate 5%
Pre-Tax NPV (US$M) $405.3
Pre-Tax IRR 47.5%
Pre-Tax Payback (Yrs) 2.0
After-Tax NPV (US$M) 232.1
After-Tax IRR 32.8%
After-Tax Payback (Yrs) 2.4
Au Cash Cost (US $/oz) $527.26
Au Cash Cost Net of By-Products (US $/oz) $486.29
Au Cash Cost incl. Sustaining Capital (US $/oz) $566.93
Au Cash Cost Net of By-Products incl. Sustaining Capital (US $/oz) $525.97
The PEA mine plan and economic model include the use of inferred resources which are considered to be too speculative to be used in an economic analysis except as permitted by NI 43-101 for use in PEA’s. There is no guarantee that inferred resources can be converted to indicated or measured resources and, as such, there is no guarantee that the project economics described herein will be achieved.
CAPITAL AND OPERATING COSTS SUMMARY
Capital Costs Pre-Production
($M) Sustaining/Closure
($M) LOM
($M)
Capitalized Stripping 16.7 13.4 30.2
Contractor Mob/Demob 0.4 0.4 0.8
Process Plant 45.7 2.8 48.5
General Site & Utilities 5.1 0 5.1
Laboratory 1.5 0 1.5
Construction Camp 0.6 0 0.6
Camp Site (Operations) 1.5 0.3 1.8
Administration Facilities 1.1 0.2 1.3
Tailings Facility 13 14.8 27.8
Electrical Supply & Distribution 4.6 0.2 4.8
Water Supply & Distribution 1.8 0 1.8
Royalty Purchase 2.8 0 2.8
Reclamation/Closure 0 14.4 14.4
Indirects 22.4 0 22.4
EPCM 15.4 0 15.4
Owners Costs 4.4 0 4.4
Subtotal 137.1 46.5 183.6
Contingency (20%) 26.9 9.3 36.2
Total Capital Costs 163.9 55.8 219.7
Operating Costs LOM Total
Resource & Waste Mined for OPEX tonnes 51.4M
Pre-Stripping and Capitalized Waste tonnes 12.5M
Resource Processed tonnes 17.8M
Mining‡ US$/t processed $6.58 $116.7M
Resource Rehandle* US$/t processed $0.12 $2.1M
Processing US$/t processed $17.75 $315.0M
G&A US$/t processed $2.49 $44.2M
Total Operating Costs US$/t processed $26.93 $478.1M
‡Mining Cost is based on $2.30/t mined
*Rehandle Cost is based on $0.50/t rehandled
SENSITIVITIES
Gold Price US$/oz $1,000 $1,100 $1,200 $1,300 $1,400 $1,500
Pre-Tax NPV5%US$ 186.7 259.6 332.4 405.3 478.2 551.1
After-Tax NPV5%US$ 91.5 138.4 185.2 232.1 278.9 325.8
Pre-Tax IRR 27.8% 34.8% 41.4% 47.5% 53.3% 58.8%
After-Tax IRR 17.6% 23.1% 28.1% 32.8% 37.2% 41.4%
Pre-Tax Payback Yrs 2.6 2.4 2.1 2.0 1.8 1.6
After-Tax Payback Yrs 3.3 2.9 2.6 2.4 2.2 2.1
As shown above, the Project has the potential to provide investors with commodity resilience as well as significant leverage to movements in the gold price.
PROJECT DESCRIPTION
The Ana Paula Project is located in the Guerrero Gold Belt in the State of Guerrero, Mexico, roughly half way between the cities of Mexico City and Acapulco. Mexico is a favourable jurisdiction for mining investment with clearly established mining law and regulatory due process as demonstrated by the existence of operating gold mines such as Goldcorp’s Los Filos, located in close proximity to Ana Paula. Furthermore, Torex Gold’s El Limon/Guajes Mine is currently under construction in close proximity to the Project. Ana Paula is close to all necessary infrastructure including water, road, power, and people.
Mining is via conventional open pit mining methods. Mining will be contracted so no capital is included for mining equipment, instead contractor mining rates used as the basis for mining costs.
Open pit mining costs were calculated from first principles based on equipment required and include pit and dump operations, road maintenance, mine supervision and technical services cost.
PREPARATION OF PEA
The PEA was independently prepared by JDS Energy & Mining Inc. (“JDS”) of Tucson, Arizona. A technical report following the guidelines of the Canadian Securities Administrators’ National Instrument 43-101 will be filed on SEDAR and on the Newstrike Capital’s Inc. website within 45 days.
The PEA is based on a mineral resource estimate prepared by Independent Mining Consultants, Inc., Tucson Arizona, USA. This mineral resource estimate has been developed under the direction of Mr. H. E. Welhener. The resource is based on 223 diamond core drillholes aggregating 108,832 metres and containing 77,183 assay intervals, of which effectively all are assayed for gold and silver. The mineral resource estimate has an effective date of August 8th, 2014.
The tonnage and grades of the Ana Paula mineral resource* at a 0.46 g/t AuEq cutoff are shown in the table below:
Category Contained Ounces
k tonnes AuEq,
g/t Au,
g/t Ag,
g/t Gold Silver
Measured 27,767 1.661 1.608 4.90 1,176,748 3,587,101
Indicated 18,243 1.229 1.163 5.95 682,243 3,488,565
Sum M&I 41,010 1.469 1.410 5.37 1,858,991 7,075,666
Inferred 1,904 1.233 1.113 10.85 68,145 664,484
*The resources are classified according to their proximity to sample locations and are reported, as required by NI 43-101, according to the CIM Definition Standards for Mineral Resources and Mineral Reserves.
Notes and assumptions:
1. Mineral Resources are not Mineral Reserves until they have demonstrated economic viability
2. Mineral Resources are reported as undiluted
3. Mineral Resources were developed in accordance with CIM (2010) guidelines
4. Mineral Resources are reported using a long-term gold price of $1,450/oz and silver price of $23/oz
5. Mining costs used are estimated at $1.85/ton plus $0.02/bench below 900m elevation
6. Processing costs +general and administrative expenses are estimated at $17.25 per tonne
7. Gold recoveries are estimated at 80%
8. Silver recoveries are estimated at 55%. A silver divisor of 91.7 was used to calculate equivalent gold. (Silver is assumed to be recovered along with gold during processing.)
10. Pit slope angles are 55 degrees east-facing, 45 degrees west-facing
11. Resource QP is H. E. Welhener of IMC
12. M&I = measured and indicated, Mt = million tonnes, g/t = grams per tonne, Moz = million ounces, Au = gold, Ag = silver, AuEq = gold equivalent
13. There can be no assurance that all or any part of this resource will be converted into a mineral reserve
PROJECT DEVELOPMENT PLAN
The proposed project concept is to develop a green-fields gold-silver deposit with open pit mining and gravity/flotation/CIL process plant with a production rate assumed of 6,000 tonnes per day.
The PEA forecasts an 8.2 year mine life and a LOM strip ratio (the ratio of waste rock to economic mineralized rock) of 2.60 to 1. A total of 17.8 million tonnes of mineralized resource could be mined and processed with 33.6 million tons of waste and 12.5 million tonnes of capitalized waste. Some of the waste rock would be stockpiled and an undetermined portion may be reclassified as a resource at a later date should metallurgical testwork support economic viability. Throughout the life-of-mine, an estimated 957,000 ounces of payable gold and 2.0 million ounces of payable silver would be produced at an average head grade of 2.24 g/t gold and 6.89g/t silver.
METALLURGY AND PROCESSING
A metallurgical testwork program for the PEA was carried out on samples of composited drill core selected to represent the first four years of feed to the process plant. The composites were made from six rock types and subjected to direct cyanidation testing, flotation and gravity concentration followed by cyanidation, coarse particle leaching, and mineralogical deportment. The composite responded positively to both direct cyanidation and flotation concentration followed by cyanidation. Testwork was conducted by ALS Metallurgy in Kamloops BC and reported January 31st, 2014.
The flowsheet selected for Ana Paula consists of a tertiary crushing system, followed by ball mill grinding and gravity recovery, flotation, disposal of flotation tails, leaching of a combined gravity and flotation concentrate, and recovery of precious metals by the carbon-in-leach method. This flowsheet is commonly used throughout the world.
ENVIRONMENT, PERMITTING AND CORPORATE SOCIAL RESPONSIBILITY
The project area is not within a known environmental protection area. Formal environmental baseline studies have not been initiated but will be required to obtain the environmental permits for future mining operations. Communication with the local community, private land owners and the “Ejido” (cooperative land tenure system) was initiated as part of the exploration program.
PEA CONTRIBUTORS
Qualified Persons and QA/QC
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 (“NI 43-101) and reviewed by Mr. Thomas H. Bagan, a Qualified Person. The field programs and selection of the metallurgical samples from Ana Paula were carried out under the supervision of Dr. Craig Gibson, PhD, CPG, and a Qualified Person under NI 43-101.
The PEA was conducted under the overall direction of Mr. Michel Creek, of JDS Energy and Mining, Inc. of Tucson Arizona. Mr Creek is a JDS Project Manager and an independent “Qualified Person” under NI 43-101 who has verified the technical and scientific information and prepared the economic analysis included in this news release. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the Project.
Under Mr. Creek’s review, the following Qualified Persons contributed to their respective sections:
Kelly McLeod P.Eng, JDS – Mineral Processing and Recovery Methods
Tony Loschiavo P. Eng, Associate, JDS – Mine Design
Dawn Garcia CPG, JDS – Environmental Studies, Permitting, & Social
Robert Matter P.E., JDS – Infrastructure and Tailings
About Newstrike Capital (TSX VENTURE:NES)
Newstrike Capital Inc., www.newstrikecapital.com, is a precious metal focused explorer, targeting known and historic mining districts in Mexico. Newstrike’s flagship property, ‘Ana Paula’, is an advanced-stage, high grade, near surface gold/silver resource with robust economics in the Guerrero Gold Belt (“GGB”). Key senior members of the Company’s current management and directors have participated in Guerrero Gold Belt discoveries, including Goldcorp Inc.’s producing Los Filos Mine and Torex Gold Resources advanced stage Morelos Project in Guerrero State.
Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the Au (Ag-Cu) skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Pb-Zn-Ag (Au-Cu) rich epithermal camp of the mining districts of Oaxaca State.
Mr. Thomas H. Bagan, a qualified person under NI43-101, has reviewed the contents of this press release. The exploration program is conducted under the direction and supervision of Dr. Craig Gibson, PhD, CPG and qualified person under NI43-101.
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.
Certain of the statements made in this news release contain forward-looking information within he meaning of applicable Canadian securities law. Material forward-looking information includes, but is not limited to statements or information with respect to the resource estimate and potential future exploration and development results and results of studies in respect of the Company’s Ana Paula Project. We have made numerous assumptions about the material forward-looking information contained herein, including among other things, that prices of gold and silver will remain relatively stable, that applicable permits will be obtainable and that any required financing will be available on reasonable terms. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate.
Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, among others, the following: the inherent risks and uncertainty involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in production and operations; fluctuating prices of metals and other commodities; currency fluctuations; the possibility of project cost overruns or unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; regulatory restrictions, including environmental regulatory restrictions and liability; competition and loss of key employees; political instability in Mexico; the availability of key equipment; the risk of disruption from non-governmental organizations; risks relating to our common shares and the public markets. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Although we have attempted to identify factors that would cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking information. Except as required by law, we do not expect to update forward-looking information as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada.
CONTACT INFORMATION
Newstrike Capital Inc.
Richard Whittall
Director, President & CEO
604-605-4654
www.newstrikecapital.com
Blog: http://newstrikecapital.com/blog

Newstrike Capital Inc.
Patrick Piette
Investor Relations
416-526-9911
ppiette@minera.ca

Newstrike Neighbor Bought for 3.79/share

could NES be next?.. the CYD bid puts a bottom on any bid we will accept.. CYD has no booked ounces.. we expect much higher for NES

Agnico Eagle to acquire Cayden for $205-million
Ticker Symbol: C:AEM C:CYD

Agnico Eagle to acquire Cayden for $205-million

Agnico Eagle Mines Ltd (C:AEM)
Shares Issued 209,816,247
Last Close 9/5/2014 $37.94
Monday September 08 2014 – News Release

Also Cayden Resources Inc (C:CYD) News Release

Mr. Sean Boyd of Agnico Eagle reports

AGNICO EAGLE TO ACQUIRE CAYDEN RESOURCES

Agnico Eagle Mines Ltd. and Cayden Resources Inc. have entered into an agreement pursuant to which Agnico Eagle will acquire 100 per cent of Cayden’s issued and outstanding common shares, including shares issuable under outstanding options and warrants, under a plan of arrangement, for total consideration of approximately $205-million, or approximately $3.79 per share (based on Agnico Eagle’s volume-weighted average price of shares on the Toronto Stock Exchange for the 30-day period ended Sept. 5, 2014). Under the Arrangement, Cayden shareholders will be entitled to receive 0.09 of an Agnico Eagle share and C$0.01 for each Cayden common share. The offer represents a premium of 42.5% to the volume weighted average price of Cayden shares on the TSX Venture Exchange for the 30-day period and an 51.9% premium to the 60-day period, both ended September 5, 2014 (the last trading day prior to announcement of the transaction).

All of the directors and officers of Cayden (who hold in the aggregate approximately 19.8% of the issued and outstanding Cayden shares on a fully-diluted basis) have entered into support agreements with Agnico Eagle pursuant to which they have agreed, among other things, to support the transaction and vote their Cayden securities in favour of the Arrangement.

The maximum number of shares issuable by Agnico Eagle under the offer will be approximately 4.86 million (based on the number of Cayden shares outstanding on September 8, 2014 on a fully-diluted basis), or approximately 2.3% of Agnico Eagle’s outstanding shares (on a fully diluted basis).

Cayden owns, has options to acquire or has staked, concessions constituting a 100% interest in the El Barqueňo Property, which covers approximately 41,000 hectares in the Guachinango gold district in Jalisco State, Mexico. El Barqueňo hosts a significant epithermal bonanza type gold vein and disseminated stockwork system. Several gold bearing zones have been identified by drilling and trenching in an area approximately 13.5 km long by 4.7 km wide.

Cayden also owns a 100% interest in the Morelos Sur Property, which covers approximately 13,000 hectares in the Guerrero gold belt in Guerrero State, Mexico. Morelos Sur consists of three properties (La Magnetita, Tenantla and Las Calles), and exploration by Cayden has outlined a 25 km2 gold soil anomaly at La Magnetita, and Tenantla.

“This acquisition is consistent with our long-term strategy of acquiring promising, early stage gold projects where we can add value through focused exploration and mine building”, said Sean Boyd, President and Chief Executive Officer of Agnico Eagle. “This strategy has served us well in Mexico, and we believe that the Cayden properties are a very good fit with our existing southern operations and skill sets”, added Mr. Boyd.

“We are pleased with the value that this transaction delivers to our shareholders and are excited at the prospect of Agnico applying its resources to the advancement of El Barqueno and the results that will surely follow. Our success could not have happened without the hard work of our entire team, and I’d like to thank them for all of their outstanding efforts.” said Ivan Bebek, President and Chief Executive Officer of Cayden Resources.

El Barqueňo Property Highlights

Located in the Guachinango gold district near existing infrastructure (highway, power, labour)
Early stage gold project with historical heap leach production (approximately 250,000 ounces produced in the 1980s)
Epithermal bonanza type gold veins and disseminated stockwork systems – veins and mineralized structures have been identified in an area 13.5 km long by 4.7 km wide. Seven significant zones anomalous in gold have been identified to date
Drilling by Cayden has focused on the Azteca, Angostura and Peňa de Oro zones
Highlights from Cayden drilling at the Azteca zone include: 4.26 grams per tonne (g/t) gold and 0.06% copper over 20 metres; 2.34 g/t gold and 0.15% copper over 44 metres
Highlights from Cayden drilling at Peňa de Oro include: 4.46 (g/t) gold and 0.09% copper over 27 metres; 4.06 g/t gold and 0.39% copper over 45 metres
Preliminary metallurgical testing by Cayden at Azteca has yielded positive results
Morelos Sur Property Highlights

Consists of three concessions (La Magnetita, Tenantla and Las Calles) located in the Guerrero gold belt
The La Magnetita and Tenantla concessions together host a 25 km2 gold soil anomaly with values of 0.1 to 1.0 g/t gold
The Las Calles concession has yielded drill intersections of up to 3.21 g/t gold and 84 g/t silver over 28.5 metres
For additional details on El Barqueňo and Morelos Sur please see the slide presentation entitled “Acquisition of Cayden Resources” dated September 8, 2014, on the Agnico Eagle website (www.agnicoeagle.com).

“From a technical perspective, El Barqueňo bears a lot of similarities to Pinos Altos in the early days” said Tim Haldane Senior Vice-President Operations – USA and Latin America. “The property has tremendous exploration upside and several prospective zones that we believe can ultimately support heap leach and/or milling operations, which would allow us to build another meaningful business in Mexico” added Mr. Haldane.

The transaction is subject to approval by Cayden security holders, Mexican anti-trust and other regulatory approvals and court approval. Full details of the transaction will be set out in Cayden’s information circular that it will prepare in respect of the meeting of security holders to approve the Arrangement. Cayden intends to mail the information circular within the next three weeks. The transaction is expected to close before the end of 2014.

Pursuant to the Agreement, Cayden is subject to customary non-solicitation covenants. In the event a superior proposal is made to Cayden, Agnico Eagle has a five business day right to match such proposal. Under certain circumstances where the transaction is not completed, Cayden has agreed to pay a termination fee of C$5.7 million to Agnico Eagle.

Cayden’s board of directors has unanimously determined that the Agreement is in the best interests of Cayden and its security holders and unanimously recommends that Cayden security holders vote in favour of the Agreement.

The recommendation of the Cayden board is supported by a fairness opinion provided by Beacon Securities Limited to the Special Committee to the effect that the consideration is fair to Cayden shareholders. Cayden has engaged Minvisory Corp. as its financial advisor and McMillan LLP as its legal advisor in connection with the transaction. Agnico Eagle has engaged Canaccord Genuity Corp. as its financial advisor and Davies Ward Phillips & Vineberg LLP as its legal advisor in connection with the transaction.

Copies of the Agreement, support agreements, management information circular and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com.

Calyx, ripe for a run!

CALYX BIO-VENTURES (TSX:V.CYX, Stock Forum): Calyx is now full bore gunning at the tech end of the medical marijuana game, and might have found the fertile ground it needs to thrive. Calyx has acquired Cannigistics Agri-Solutions which, long story short, is one of a handful of companies trying to own the cannabis software solutions game. Cannagistics has a plan to work with government to make their platform the tracking/compliance/grow scheduling/inventory software of choice for the US and Canada, and they have serial tech-entrepreneur Roger Forde and IR gorilla Keir Reynolds on board to make it happen. Early looks are niiiiiice. The market cap is ultra-small and the share structure tight. Ripe for a run if it can hit the ground running.

Newstrike Capital Inc. files report, outlines successful exploration program in Oaxaca

NEWSTRIKE CAPITAL COMPLETES TECHNICAL REPORT ON THE NEWLY DISCOVERED GOLD AND SILVER SYSTEM, EJUTLA PROJECT, OAXACA

Newstrike Capital Inc. has completed an independent NI 43-101 technical report that outlines the results of a successful exploration program on its Ejutla property located in Oaxaca state, Mexico (see June 2, 2014, news release). Three significant mineralized structural corridors, each host to extensive gold- and silver-bearing low-sulphidation epithermal veins, have been identified on the property.

The technical report titled, “Geological report and summary of field examination, Ejutla property, municipalities of San Pedro Taviche and San Nicolas Yaxe, district of Ocotlan, and municipalities of Santa Maria Zoquitlan and San Pedro Totolapan, district of Tlacolula, Oaxaca state, Mexico,” with an effective date of July 1, 2014, will be filed on SEDAR today. The report was completed by Robert Lunceford, MSc, CPG, of Reno, Nev., who concludes: “Geochemical sampling and geologic mapping completed on the property has indicated a style of low-sulphidation gold-silver mineralization that is believed to be similar to gold-silver mineralization in the central Taviche mining district, in which the property is located. Work completed by the company on the Ejutla property has been successful in advancing the property to a stage where drill testing is warranted and necessary to determine the economic viability of the property.”

The 18,866-hectare Ejutla property is 100 per cent owned by Newstrike with no third party royalties. It is located 45 kilometres south of the capital city of Oaxaca de Juarez in the Oaxaca Central Valley region of Fortuna Silver’s producing San Jose-Trinidad mine 20 kilometres to the west of Ejutla, and Gold Resources’ El Aguila mine 25 km to the east, as well as several other Canadian exploration projects.

The report includes recommendations for additional exploration and drilling. The company will evaluate the recommendations in the report to select the targets and scope of work for future-focused exploration programs.

“I’m extremely pleased with the progress being made on site and Ejutla’s potential upside. Given the geology, mineralization, size and location, the property is shaping up to be an attractive gold-silver exploration opportunity,” stated Richard Whittall, president and chief executive officer of Newstrike.

Calyx Enters Into Letter of Intent to Acquire Cannigistics Agri-Solutions Corp

Calyx Enters Into Letter of Intent to Acquire Cannigistics Agri-Solutions Corp.

VANCOUVER, BRITISH COLUMBIA, Jul 24, 2014 (Marketwired via COMTEX) — Calyx Bio-Ventures Inc. CA:CYX +100.00% (“Calyx”) is pleased to announce that is has entered into a letter of intent to acquire Cannigistics Agri-Solutions Corp. (“Cannigistics”), a company focused on bringing sophisticated, versatile, and flexible technology solutions to advanced indoor agriculture.

Cannigistics is developing an efficient application framework that can help growers and agri-facility managers optimize operational efficiency, regulatory compliance, and production results. Cannigistics is presently designing an enterprise software platform tailored to the medical marijuana industry. With the significant reporting requirements of Health Canada and other global agencies as the medical marijuana industry continues to see legalization and rapidly changing regulation, together with the need for tightly controlled growing conditions, it is essential for enterprise software to track, manage, and enhance grower practices in this fast growing industry.

As the medical marijuana industry emerges, new and sophisticated information requirements are becoming apparent for maximizing yield, facility management, integrated security, packaging, labeling and distribution, logistics and tracking. Additionally, the compliance and record keeping requirements are unprecedented and vital to success in the medical marijuana sector. Cannigistics is positioning to be the industry leader in agri-software solutions.

“With Calyx’s extensive background in biosciences and agriculture innovation, it is the ideal company for us to be part of as we launch a scalable enterprise solution for indoor agriculture, specifically targeting the medical marijuana industry” said Roger Forde, President and CEO of Cannigistics. “Our proprietary, easy-to-use product offering will allow growers to obtain the metrics they require to maximize profits and streamline compliance. The legal marijuana supply industry is seeing substantial investment, and we are focused on becoming the dominant solutions provider to this industry, which is expected to grow to $1.3 billion per year in just Canada alone.”

Under the terms of the acquisition, Calyx will acquire all of the issued and outstanding shares of Cannigistics in exchange for 9,000,000 common shares of Calyx. The acquisition remains subject to the fulfillment of certain conditions, including the execution of definitive agreements and the approval of the TSX Venture Exchange.

About Calyx

Calyx Bio-Ventures Inc. CA:CYX +100.00% is an agricultural technology company focused on early stage agriculture ventures. Calyx owns a portfolio of proprietary intellectual property with applications in crop enhancement. In addition to Calyx’s shareholding in Agrisoma Biosciences Inc., a company which is producing a non-food energy feedstock crop for biofuel production, Calyx is pursuing other agri-pharmaceutical and agri-tech opportunities, including opportunities in the MMPR (Marijuana for Medical Purposes Regulations) space. For further information about Calyx, please visit www.calyxbio.com .

About Cannigistics

Cannigistics is presently developing a sophisticated, versatile, and flexible enterprise software platform tailored to advanced indoor agriculture, and specifically the medical marijuana industry. The company is positioning to be the industry leader in agri-software solutions and is designing an efficient application framework that can help growers and agri-facility managers optimize operational efficiency, regulatory compliance, and production results. For further information about Cannigistics, please visit www.cannigisticscorp.com .

Contacts:
Calyx Bio-Ventures
Don Konantz
President & CEO
(604) 649-5961
dkonantz@calyxbio.com
www.calyxbio.com

Cannigistics Agri-Solutions
Roger Forde
President & CEO
(778) 331-5156
rforde@cannigisticscorp.com
www.cannigisticscorp.com

Column leaching adds new dimension to Newstrike’s Ana Paula flagship

i dont think the market has yet realized the potential magnitude of this news!

CEO Richard Whittal at Ana Paula, Mexico.
Photo: Newstrike Capital

By: Henry Lazenby
26th June 2014
Updated 1 hour 28 minutes ago
TEXT SIZE
TORONTO (miningweekly.com) – Mexico-focused Newstrike Capital on Thursday revealed that a column leach metallurgical result from a composite sample supported heap leach extraction potential within the low-grade breccia zone at its flagship Ana Paula gold project, located in Guerrero state, Mexico.

Despite the project’s sulphide or in general not being amenable to heap leaching, tests conducted by Tucson, Arizona-based consulting engineers SGS Metcon/KD Engineering confirmed that significant gold recoveries at 84.1% was obtained from a representative composite sample from two drillholes, AP-11-36 and AP-13-213 selected from within the project’s maiden resource floating cone pit.

The sample was chosen to test the leaching ability of the low-grade breccia zone, a predominantly intrusive unit located in the south-west portion of the floating cone pit and separate from the high-grade breccia zone.

Composite 4 was taken from a sample of altered intrusion that had not yet been fully delineated by drilling, and displayed a level of oxidation greater than compared with most of the Ana Paula deposit.

The sample was prepared from 56.28 m of drill core, weighing about 88 kg when submitted for metallurgical testing.

Newstrike CEO Richard Whittall said that while the company’s 2013 metallurgical testing programme had confirmed a conventional, low-risk approach at Ana Paula, with strong gold recoveries, this specific column leach result added an “extremely encouraging new dimension to the project”.

“Heap leaching has the potential to lower processing costs and provide an additional source of revenue through the recovery of gold from our mineralised waste. We plan to investigate the size and scope of this opportunity within Ana Paula’s floating cone pit and the potential for a reduction in the strip ratio and expansion of the conceptual pit.

“Combined with last year’s testing, this new metallurgical result will provide valuable input to the preliminary economic assessment currently in progress as well as for future studies,” Whittal said.

The test work concluded that most of the gold was extracted in the first ten days of being placed on the pad and that the maximum extraction achieved was 84.1% on Composite 4.

Newstrike also said that the test work indicated a low sodium cyanide consumption rate at 0.19 kg/t and moderate lime consumption at 3.62 kg/t. Good gold and silver extraction correlations were observed between the results from the bottle-roll testing and the column-leach testing. Further Bond Impact Crusher Work Index and Bond Abrasion Index studies would be conducted on Composite 4.

The news pushed Newstrike’s TSX-V-listed stock up by a penny to C$0.85 apiece on Thursday.

Edited by: Creamer Media Reporter

NEWSTRIKE CAPITAL DISCOVERS NEW GOLD SILVER MINERALIZATION AT OAXACA PROJECT

Newstrike Capital finds three Au-Ag corridors at Ejutla
Ticker Symbol: C:NES

Newstrike Capital finds three Au-Ag corridors at Ejutla

Newstrike Capital Inc (C:NES)
Shares Issued 114,931,458
Last Close 6/2/2014 $0.68
Monday June 02 2014 – News Release

Mr. Richard Whittall reports

Newstrike Capital Inc. (NES) has released the results of a successful exploration program on its Ejutla property in Oaxaca state, Mexico. Three significant mineralized structural corridors, each host to extensive gold and silver bearing low sulphidation epithermal veins, have been identified.

“Our exploration efforts at Ejutla confirm a target-rich environment and results underpin the exciting potential for substantial extensions to known mineralized systems,” commented Richard Whittall, President and CEO of Newstrike. “The Ejutla Property is located within the Taviche Mining District, an area already well known for its significant gold and silver production.”

Ejutla comprises the 18,866 hectare Ejutla Fracc. 2 claim block, 100% owned by Newstrike with no royalties and located 45 kilometers south of the capital city of Oaxaca de Juarez. The Property is in the region of Fortuna Silver’s producing San Jose-Trinidad mine 20 kilometres to the west of Ejutla and Gold Resources’ El Aguila mine 25 kilometres to the east, as well as several other Canadian exploration projects. The Company is completing a NI 43-101 compliant technical report on the Property that will include recommendations for drilling. The Report will be completed shortly.

Highlights from surface outcrop chip and channel samples include:

Sample Location X_W84 Y_W84 Type Width m Au_g/t Ag_g/t

19736 Bilia vein 770295 1841630 Channel 0.605 762
49628 El Venado 768595 1844128 Chip 0.2 0.188 723
dike
59092 Mina del 768620 1844085 Channel 0.6 0.412 701
Horno
29055 Las Jarillas 770080 1843708 Chip 5.0 0.013 664
29004 Mina Las 770299 1844014 Channel 1.2 0.297 362
Jarillas
49294 El Pedregal 770296 1842192 Channel 0.5 0.488 350
19514 Los Charros 769802 1844304 Chip-channel 1.0 0.882 293
108435 Mina el Horno 768635 1844096 Channel 0.3 0.067 291
19731 Bilia 770319 1841623 Channel 1.6 0.094 221
29685 La Mezcalera 770315 1841624 Dump 2.0 0.272 200
39714 Duraznillo 778473 1841576 Channel 0.2 0.190 89.2
39466 Beinillo 770129 1842818 Channel 1.8 1.260 14.0
59140 Beinillo 770088 1842842 Channel 0.5 1.210 1.7
59142 Beinillo 770113 1842831 Channel 0.5 0.753 2.5
59144 Beinillo 770127 1842820 Channel 1.1 1.000 34.7
The three structural corridors discovered on the Property during mapping and sampling programs consist of a series of northwest trending fracture zones that display important northerly and north-easterly trending splays, each filled by mineralized felsic dikes and/or by complex sub-parallel mineralized low sulphidation banded epithermal quartz and quartz-calcite veins and vein systems typical of structures in the surrounding Taviche Mining District. Individual veins vary in thickness from a few centimetres to as much as ten metres and are separated by a host wallrock that displays extensive argillic alteration and silicification.

One of the structural corridors, “Las Casas”, located in the western half of the Property, has been explored most extensively to date and mapped in detail over an eight kilometre strike length with outcrop evidence suggesting it exceeds ten kilometres along strike and is as much as three kilometres in width. Vein textures and geochemistry are typical of those encountered in the boiling zones of epithermal systems or just above the boiling zone, indicating the higher parts of the mineralized system are exposed at surface.

This location is an ideal scenario for the preservation of potential metal lodes at depth. Mapping is ongoing to advance the other two structural corridors both of which exceed several kilometres along strike and vary from one to two kilometres in width.

The Company will evaluate the recommendations in the Report in order to select the targets and scope of work for future focused exploration programs.

QA-QC:

Newstrike maintains strict QA-QC protocols for all aspects of their exploration programs that include the systematic insertion of blanks and standards into each sample batch. ALS Chemex performed assay analyses reported in this release. All samples are assayed using the laboratory’s certified and industry standard assay techniques for gold and multi-element packages and for over limits; gold (Au) was analyzed by 50 gram fire assay with an atomic absorption finish, and other elements were analyzed by multi-element ICP. Silver assays over 100 g/t were reanalyzed by ICP methods for overlimits.

Ken Thorsen, a director of the company and a qualified person under NI43-101 has reviewed the contents of this press release. The exploration program is conducted under the direction and supervision of Dr. Craig Gibson, PhD, CPG and qualified person under NI43-101.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd.

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