Cannigistics Agri-Solutions strong blue sky element
Cannigistics Enters into Memorandum
of Understanding for Clinical Trials Software Platform
March 16, 2015 – Vancouver, British Columbia – Calyx Bio-Ventures Inc. (TSXV:CYX) (“Calyx” or
“the Company”) is pleased to announce that its wholly-owned subsidiary, Cannigistics Agri-Solutions
Corp. (“Cannigistics”), has entered into a memorandum of understanding (“MOU”) with a third party
with respect to the implementation of a clinical trials software platform.
The MOU has been signed with a well respected group of Canadian medical specialists that require a
secure platform to gather, store, analyze, and report on the results of the trials. The Cannigistics’ software
and information technology platform will be utilized to create an environment that will allow the
physicians to conduct the trials with confidence. Data can be used, parsed, sorted, analyzed and made
anonymous so that other specialists can also have access to the results with no concerns over patient
The resulting platform will be a tailor made solution licensed on a non-exclusive basis, allowing
Cannigistics to license the resulting platform to any other parties conducting clinical trials with the ability
to customize to their specific needs. This will be a new area of deployment for the Cannigistics software
platform, and potentially opens up a new market in the near term.
“We are pleased to have entered into an agreement with a respected group of healthcare practitioners to
provide an end-to-end technical solution, from application design to deployment and management” said
Roger Forde, President and CEO of Cannigistics. “This further validates the strategy that Cannigistics
has established to provide technology solutions addressing key requirements of companies operating in
the health sciences sector. We are looking forward to becoming a significant participant in the sector.”
Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp, is a software development company
that has created a software platform tailored to advanced indoor agriculture. The Cannigistics software
platform is designed to enhance the efficiency and effectiveness of indoor agricultural operations, and
positions Cannigistics to be the industry leader in agri-software solutions by providing businesses with
advanced controls over all aspects of their operations. Additionally, Calyx owns a portfolio of proprietary
intellectual property with applications in crop enhancement. Calyx also has an approximate shareholding
of 19% in Agrisoma Biosciences Inc., a company which is commercializing carinata, a non-food energy
feedstock crop, for biofuel production.
For further information about Calyx, please visit www.calyxbio.com or contact:
President & CEO
Calyx Bio-Ventures Inc.
Email: email@example.comFor additional information about Cannigistics, please visit www.cannigistics.com or contact:
President & CEO
Cannigistics Agri-Solutions Corp.
VANCOUVER, BRITISH COLUMBIA, Feb 11, 2015 (Marketwired via COMTEX) — Calyx Bio-Ventures Inc. (CYX) (“Calyx” and “the Company”) is pleased to announce that Graeme Watson has been appointed to the Company’s Board of Directors. Mr. Watson is a proven business leader with a track record of delivering growth in a profitable manner.
Graeme Watson was most recently the President and CEO of Infosat Communications (“Infosat”), Canada’s leader in satellite communications solutions. Under his leadership, Infosat’s technical capabilities were significantly enhanced, and the company continued achieving impressive growth. Mr. Watson’s strategic vision, including through the recent financial crisis, helped ensure that Infosat’s position as industry leader was further strengthened and will be sustained into the future. During his tenure, he was instrumental in establishing key commercial relationships with industry giants such as AT&T and Cisco, and in pioneering the implementation of new technologies that are relied upon in mission-critical environments by some of Canada’s most significant enterprises.
“I am very pleased to be joining the board of directors of Calyx,” commented Mr. Watson. “The recent acquisition of Cannigistics is an exciting step for the Company in charting its path forward, and I look forward to supporting management in achieving its goals.”
“Graeme Watson is an excellent addition to the Calyx board of directors,” said Don Konantz, CEO of Calyx. “His experience in building and running a significant enterprise will prove valuable as the Company grows. He brings to the table relevant insight that complements the skills and experience of the current directors and management team.”
Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp, is a software development company that has created a software platform tailored to advanced indoor agriculture. The Cannigistics software platform is designed to enhance the efficiency and effectiveness of indoor agricultural operations, and positions Cannigistics to be the industry leader in agri-software solutions by providing businesses with advanced controls over all aspects of their operations. Additionally, Calyx owns a portfolio of proprietary intellectual property with applications in crop enhancement. Calyx also has a significant shareholding in Agrisoma Biosciences Inc., a company which is commercializing carinata, a non-food energy feedstock crop, for biofuel production.
For further information about Calyx, please visit www.calyxbio.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Don Konantz, Director, President and Chief Executive Officer
CANNIGISTICS ENTERS INTO MEMORANDUM OF UNDERSTANDING TO IMPLEMENT SOFTWARE PLATFORM
Calyx Bio-Ventures Inc.’s wholly owned subsidiary Cannigistics Agri-Solutions Corp. has entered into a memorandum of understanding with a third party with respect to the implementation of its software platform.
The MOU, which has been signed with a well-financed Canadian company that is in the advanced stages of a review for a licence from Health Canada under MMPR, creates the framework under which Cannigistics’s software and information technology will be integrated with various elements of the third party’s operations, thus enhancing its current capabilities.
“We are excited to have entered into our first agreement with a downstream user in this space,” said Roger Forde, president and chief executive officer of Cannigistics. “This validates the strategy that Cannigistics has established to provide technology solutions, addressing key requirements of companies operating in this sector. We are looking forward to a long and mutually beneficial commercial relationship from this MOU.”
Further to the company’s press release of Sept. 19, 2014, the company is undertaking 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 expects that it may pay a cash finder’s fee of up to 7 per cent and issue finder warrants of up to 5 per cent of the number of Calyx shares placed, on all or a portion of the private placement. Any finder 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.
|Chris Parry, Stockhouse.com
0 Comments| 9 hours ago
Had a most excellent chat with Roger Forde, the President and CEO of Cannigistics, a subsidiary and now main focus of Calyx Bioventures (TSX:V.CYX, Stock Forum) yesterday. The Calyx vision is that Cannigistics would be the software provider that would tie every marijuana producer’s systems together.
Well it turns out Calyx is on fire right now, and they’re actually seemingly delivering on their promise and will announce their first contract shortly, with a mid-range MMPR applicant out of BC commiting to partner up.
Roger Forde is a serial tech startup dude, a CEO who codes, a telecommunications mover/shaker who is running an ultra-tight team with minimal cash burn and a lot of experience. Their mission? Take every LP facility out there and get its various pieces of security, software and infrastructure to talk to one another, in a way that the LP can access easily and quickly, to help them stay in compliance and make Health Canada’s tasks a lot easier.
For example: Let’s say Your MMPR candidate has spent a million or so on high tech cameras and swipe card readers to ensure they know who is coming and going at the vault. But if said swipe card produces a long log file, held off-site by another company, how exactly is the site manager going to be able to see that Franky Four Fingers has been in the vault eight times today? And how hard will it be to access the camera feed at the times Franky was inside? And when Health Canada sends out an inspector to look at the records, are they going to be able to look through it all at a laptop, or will they be presented with reams of paper and have to sit in a back room for two days going through it all?
And let’s not even get into call centre set-up, which is something most LPs don’t even think about until the MMPR is granted. Cannigistics connects call centre software to home base, and much more.
Compliance is a big deal. One false move and your license is suspended and/or a crop heads for the incinerator (what’s up, Whistler). So a company that is seeking to standardize and organize background data to help companies keep it at their fingertips, and identify problems as they arise, is worthy of consideration.
What I like about the Cannigistics business model is, once a customer is using them to streamline systems and keep systems working together happily, how do you ever ditch them? And they’re looking to do deals that bring in revenue over the long term, in maintenance fees and upgrades, rather than up-front quarterly financials bait.
A few companies in the dot.bong world have opted to write all their own software, some several times. I know of one high profile LP that had written an entire system of their own but, when their developer left for another company, had to redo the entire thing using Ruby On Rails so their next developer could actually get the job done. What happens if that guy also moves on?
Cannigistics isn’t looking to replace platforms like Quantum 9, Biotrack, Sharepoint and Documentum – rather, it’s looking to provide the tools to make them better, to get the data in them out in the open and to make it easier for the left hand to know what the right hand is doing. A lot of LPs don’t know they need that kind of help yet. But an awful lot of companies will make the realization they do.. the hard way.
Let’s be clear: Calyx Bioventures was a gigantic bowl of whoopsy when it was focused on turning prairie crops into jet fuel. Mistake number one: Getting into business with Business Development Canada, which hasn’t met a good idea yet that it couldn’t beat into a bureaucratic mess like a horde of orcs handed the company bank accounts. Millions were raised and millions disintegrated. Lessons learned, say the CYX brass.
And credit where it’s due: When Calyx’s biofuel play started to unravel, they not only pivoted strongly into acquiring Cannigistics, they also stopped the bleeding by refusing to throw good money after bad, and today they still hold a 25% share of the biofuel venture, as well as significant IP coming from that play – and none of that is costing it anything.
If BDC and its new venture partner decide to go large on Agrisoma (the biofuel project), Calyx gets a free ride on whatever happens next. And if BDC abandons ship, big shrug – those losses are already baked into the share price, and then some.
But in Cannigistics, it has one really important asset, and that’s Forde.
I learned after my conversation with Forde that, in actual fact, he doesn’t need the money from Cannigistics, and is pushing his earnings into a local charity. He’s made plenty out of the communications sector and various companies he’s started and exited from and, for this one, it’s all about personal passion.
That he keeps that to himself, and had to squeezed out of other people, is noteworthy.
That he’s a virgin on the public markets is also worth noting, both in that it might cause issues going forward (Forde loves to talk about his project and has to be reined in on occasion when he gives up too much info), and in that it’s a breath of fresh air to talk to someone who just wants to build a great company and has no games to play and can talk about his area of expertise until he’s blue in the face.
Vancouver shell-forger to the stars Keir Reynolds was involved in the Cannigistics play early, and that’s who first talked to me about the project. Back then, it was all about “we’re going to do this” and “we think we can do that.” Keir is a great champion of the companies he’s involved with, but the early pitch lacked depth.
With Forde now at the wheel, it’s “when I go to see an LP and look at how they’re running their operations, I see new bottlenecks every time that I come back to the office and get to fixing, and the suite of tools gets better.”
Like a portrait painting, clearly Cannigistics will never get to the point where it’s actually finished. There’s always going to be something Forde thinks can be faster, more feature-loaded, more profitable for the end user.
The crappy thing about mining is, no matter how hard a guy works and how smart he is, you’re always at the mercy of luck to a certain extent. The great thing about software is, if you’re smart and enthused and driven, you can make it happen simply by banging out code and keeping a tight eye on the end product.
I can’t invest in Calyx because I’m exposed to insider info now. But I will say, talking to Forde made me want to do so. It’s a bargain at today’s 4c price (already a double from the 2c level back at Christmas time) and the markets will be slow to catch up for the next quarter or so. It’s a gimme.
And just so we’re clear, the reason we had the chat was Calyx is a Stockhouse Publishing marketing client, so that gets them facetime other companies don’t get. Do your own due diligence and I think you’ll find, like I did, that there’s something worth following.
IMHO keep an eye on Newstrike it always has been a takeout target, maybe sooner than later?..it hasnt cratered like the rest this month
also haywood took a bite today, not usually wrong in mining
“Ana Paula is one of the best development-stage gold projects in Mexico”
Newstrike Capital’s Ana Paula Features Low Cash Costs, Opportunities to Expand
Monday September 15, 2014, 4:20pm PST
By Teresa Matich+ – Exclusive to Gold Investing News
Combining a rich mining history with huge profit potential in the here and now, the Guerrero Gold Belt is one part of Mexico investors should definitely have an eye on.
The belt is located in Southwestern Mexico in the state of Guerrero, which is bordered by the Pacific Ocean to the south and west, the state of Michoacán to the northwest, Morelos to the direct north, Puebla to the northeast and Oaxaca to the east.
While agriculture is a huge driver of economic activity in the state, since 1924 mining has been a part of the equation as well. As Newstrike Capital (TSXV:NES), one of the many companies working within the belt, states on its website, that was the year gold was discovered at Xochipala.
A couple of decades later, the Nukay mine, a small, underground, cut-and-fill gold-mining operation, went into production, and in the late 1980s, modern mining methods were introduced to the area. More in-depth mining began during the 1990s following the discovery of the Bermejal and Los Filos projects, and today the Guerrero Gold Belt continues to attract attention.
Indeed, speaking last year to The Gold Report, Merrill McHenry, metals and mining analyst at Toronto’s Industrial Alliance Securities, commented, “there are 30-40% more drill rigs operating in the GGB than there were one year ago.”
He said that part of the region’s popularity stems from the financial advantages it holds. “In Mexico, because of the plate tectonics and the mineralogical events that occurred, many projects are oxidized instead of being sulfide,” he told the news outlet. “If they’re oxidized, as in the case of the Guerrero Gold Belt, a lot of the resources can just be dug up, trucked over to the leach pad and dumped. They don’t have to mill and use a lot of chemicals and processing in the milling. Quite often, you really can’t get much cheaper than the oxide resources that are prevalent in the [Guerrero Gold Belt]. It gives us some of the cheapest gold production costs in the world.”
Delving a little deeper into that geology, Richard Whittall, president and CEO of Newstrike, said that “Guerrero is at the juncture of a whole bunch of tectonic boundaries,” and 62 to 66 million years ago, intrusions came up in those areas, ultimately hitting limestone. “Very high-grade deposits” were created at the edges of these intrusions as a result of compression and expansion. “During the periods of expansion, fluids came up and got trapped near the surface, and they bubbled over with gold and silver into a disseminated porphyry-like environment,” he explained.
Who’s operating in the Guerrero Gold Belt?
Highlighting all the companies working in the Guerrero Gold Belt would be a gargantuan task, but the following cross section is a good starting point.
Mining and construction
Miners operating in the belt include Goldcorp (TSX:G,NYSE:GG) and Nyrstar (EBR:NYR), which have been mining since 2007 and 2009, respectively. While they’re quite well established, a newer company on the scene is Toronto-based Torex Gold Resources (TSX:TXG). It began a 21-month construction period at its El Limon-Guajes mine back in November 2013, and initial production is expected in 2015′s third quarter.
President and CEO Fred Stanford said in a recent media release, “[a]s of the end of October, over three million hours have been worked on the project without a lost time accident and it is truly impressive to see what those safe hours are accomplishing as the plant rises out of the ground. Looking forward we are beginning the transition from concrete work to steel erection and equipment installation. Everyone is focused in getting it done safely, on schedule, and on budget.”
El Limon-Guajes has a measured and indicated resource of 4.95 million ounces of gold grading 2.79 grams per tonne (g/t) as well as 576,000 ounces of gold grading 1.95 g/t in the inferred category. Reserves, which are included in the resource, stand at 4.1 million ounces of gold grading 2.61 g/t.
Whittall’s Newstrike recently reported the results of a preliminary economic assessment (PEA) on its Ana Paula project. It shows that the project is a “robust, high margin, rapid payback, 8.2-year open pit mining project” with high gold grades and a low strip ratio.
“This PEA supports our view Ana Paula is one of the best development-stage gold projects in Mexico,” said Whittall at the time. “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. 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.”
The current resource for Ana Paula points to 2.2 million ounces of gold (constrained to the pit), with another 3 million ounces of gold surrounding the Ana Paula zone.
Alamos Gold’s (TSX:AGI,NYSE:AGI) Esperanza project also has a PEA in place. Completed in 2011, it looks at an open-pit heap leach operation able to produce more than 100,000 ounces of gold a year at cash operating costs under $500 per ounce. The initial mine life is pegged at six years, and a 2012 updated resource states that Esperanza is estimated to hold a measured and indicated resource of 1.47 million ounces of gold and 16.01 million ounces of silver.
There’s lots of exploration activity taking place in the Guerrero Gold Belt, with Minaurum Gold (TSXV:MGG) and Guerrero Ventures (TSXV:GV) being just a few companies hard at work.
Of the two, Guerrero Ventures has been active most recently. It began a maiden diamond drill program for the Biricu project in October, and expects it to be complete by the end of 2014. The focus is targets on the northern half of the project, and the company budgeted enough for 5,000 meters of drilling.
Biricu was optioned to Guerrero Ventures by Esperanza Resources, which was acquired by Alamos Gold in 2013. The company can achieve 100-percent ownership of the project upon completing a number of requirements over a four-year period.
As the above information shows, companies — and investors — have plenty of reasons to be optimistic about the Guerrero Gold Belt, with the chief one perhaps being that it’s still underexplored. New deposits continue to be found and mining activity is growing accordingly.
It’s thus likely the Guerrero Gold Belt will remain hot prospect for some time to come, and will further be cemented as a region investors should stay up to date on.
Calyx Completes Acquisition of Cannigistics Agri-Solutions Corp.
December 9, 2014 – Vancouver, British Columbia - Calyx Bio-Ventures Inc. (TSXV:CYX) (“Calyx”
and “the Company”) is pleased to announce that, further to its news release of September 24, 2014, it
has completed the acquisition of Cannigistics Agri-Solutions Corp. (“Cannigistics”), a company focused
on bringing sophisticated, versatile, and flexible technology solutions to advanced indoor agriculture.
In accordance with the terms of the Share Purchase Agreements (the “Share Purchase Agreements”)
among Calyx, Cannigistics and the shareholders of Cannigistics (the “Cannigistics Shareholders”),
Calyx has issued a total of 10,000,000 common shares to the Cannigistics Shareholders in exchange for
all of the issued and outstanding shares of Cannigistics.
Pursuant to the terms of the Share Purchase Agreements, Calyx will issue an additional 3,000,000
common shares to the Cannigistics Shareholders upon the completion of certain performance milestones
by Cannigistics on or before April 15, 2015 (the “Milestone Shares”).
“We are excited to have joined Calyx, and look forward to benefitting from Calyx’s bioscience and
agriculture expertise as we advance the Cannigistics suite of software products” said Roger Forde,
President and CEO of Cannigistics.
Don Konantz, President and CEO of Calyx commented that “Cannigistics has identified an attractive
market for its software products, and Calyx looks forward to providing Cannigistics with the means to
accelerate its development and advance its marketing plan going forward.”
Further to the TSX Venture Exchange’s bulletin of November 26, 2014 approving the Share Purchase
Agreements, Calyx, Cannigistics and the Cannigistics Shareholders have executed an amending
agreement to the Share Purchase Agreements dated December 4, 2014, pursuant to which the issuance of
the Milestone Shares will no longer be subject to the completion of an equity financing by Calyx.
Both the Board of Directors and the TSX Venture Exchange have approved the completion of the
acquisition of Cannigistics Agri-Solutions Corp. With respect to the Company’s previously announced
pursuit of business opportunities in the MMPR space, Calyx confirms that it has no plans to submit and
application to Health Canada for its own MMPR license and the Board of Directors has not approved the
Company applying for an MMPR license from Health Canada.
Beyond the now completed acquisition of Cannigistics Agri-Solutions Corp, Calyx currently has no other
plans for prospective investment in the MMPR industry. In the event that either the Company or any
other entity the Company may invest in, applies for, or acquires an MMPR license from Health Canada,
there are stringent licensing requirements, which would be applicable including significant infrastructural
requirements of attaining and maintaining a license such as an indoor growing facility with physical
barriers, visual monitoring, recording devices, intrusion detection, air filtration systems, as well as other
important controls around distribution and access. Any facility meeting the rigorous licensing
requirements of Health Canada must be available for inspection by Health Canada before any license can
be granted and no company can legally grow or sell medical marijuana without a license from Health
Canada. A follow on venture or investment into an MMPR license will require prior approval from the
Company’s Board of Directors and the Exchange and could require shareholder approval.
The foregoing clarifying statements with respect to the Company’s present and planned activities in the
MMPR space are being issued as a result of a review by the British Columbia Securities Commission.
Cannigistics is a software development company that has created an enterprise software platform tailored
to advanced indoor agriculture. The Cannigistics software platform is designed to enhance the efficiency
and effectiveness of indoor agricultural operations, and positions Cannigistics to be the industry leader in
agri-software solutions by providing businesses with advanced controls over all aspects of their
Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp, is a software development company
that has created an enterprise software platform tailored to advanced indoor agriculture. In addition,
Calyx owns a portfolio of proprietary intellectual property with applications in crop enhancement. Calyx
also has an approximate shareholding of 25% in Agrisoma Biosciences Inc., a company which is
commercializing carinata, a non-food energy feedstock crop, for biofuel production.
For further information about Calyx, please visit www.calyxbio.com or contact:
President & CEO
Calyx Bio-Ventures Inc.
For additional information about Cannigistics, please visit www.cannigistics.com or contact:
President & CEO
Cannigistics Agri-Solutions Corp.
The Mexican State of Guerrero, globally known as a World Class mining area
The Mexican State of Guerrero has been recently under the spotlight due to the grievous situation with the disappearance of the 43 students, but it is also globally known as a World Class mining area.
Newstrike Capital Inc. (TSXV:NES) is a gold and silver exploration company, with 89,000 hectares (240,300 acres), located strategically in the prolific Guerrero Gold Belt (GGB) mining district in Mexico.
The GGB is an emerging mining camp hosting over 31 million ounces of gold (all categories) and includes Goldcorp’s producing Los Filos mine and Torex Gold’s El Limon/Guajes project currently under construction and slated for production in 2015. Newstrike’s management and directors have direct experience exploring in the GGB, co-discovering Goldcorp’s and Torex Gold’s deposits in the area.
Newstrike’s flagship Ana Paula project features a high-grade, near surface deposit with significant underground potential. A recent preliminary economic assessment done on the project contemplates an all-in sustaining cost of $567 per ounce of gold, with an average annual production estimated at 116,000 ounces of gold and 239,000 ounces of silver, with life-of-mine average head grades of 2.24 grams per tonne of gold and 6.89 grams per tonne of silver. Ana Paula also features a low strip ratio of 2.6 to 1 of waste to mineralized material.
In addition to the economic deposit, Newstrike has substantial land holdings surrounding Ana Paula and has identified numerous priority targets through geophysics, ZTEM surveys and surface sampling.
Preliminary Economic Assessment for Ana Paula contemplates an all-in sustaining cost of $567 per ounce of gold, with an after-tax IRR of 32.8 percent and a 2.4 year payback period
Current resource estimate of 1.9 million ounces gold (pit-constrained) with significant potential for additional gold ounces at increased gold prices.
Ownership of substantial land holdings surrounding Ana Paula with significant exploration potential
Management and directors co-discovered Goldcorp’s and Torex Gold’s significant discoveries in the Guerrero Gold Belt
Oaxaca projects provide exposure to another important, established silver-gold mining district
Noteable shareholders include Lukas Lundin
Advancing Ana Paula to pre-feasibility in 2015
Ana Paula Mine
Newstrike CEO Richard Whittall stated that Ana Paula could be “one of the best development-stage gold projects in Mexico.”
Located in the Guerrero Gold Belt in Mexico, Newstrike’s 100 percent owned flagship Ana Paula project is a development stage gold property originally acquired from Goldcorp (TSX:G) in June 2010.
In September 2014, Newstrike released a preliminary economic assessment (PEA) for Ana Paula with strong returns and robust economics at a base case of $1,300 gold. Given its high grades, low strip ratio and simple processing Ana Paula drives good economics even in a lower gold price environment and provides leverage to the gold price should the metal move higher in the future.
Highlights of the PEA based on a $1300 base case price for gold include:
After-tax Net Present Value (NPV) of $232.1 million
After-tax IRR of 32.8% with a 2.4 year payback period
Initial capital costs of $163.9 million
All-in sustaining costs of $567 per ounce of gold, $526 per ounce Net of By-Product credits
8.2 year life of mine
Preliminary Economic Assessment
Contributing to those low operating costs is the straightforward approach Newstrike will take towards developing Ana Paula – the project will be developed as a 6,000 tonne per day open pit mine using conventional milling and flotation concentration. The company is considering future underground potential for Ana Paula as well given the ~3 Million ounces Au outside the pit shell.
Newstrike Capital Mexico Properties
Average annual production is estimated at 116,000 ounces of gold and 239,000 ounces of silver, with life-of-mine average head grades of 2.24 grams per tonne of gold and 6.89 grams per tonne of silver. The project features a low strip ratio of just 2.6 to 1 of waste to mineralized material, which will further support the economics of the mine.
Ana Paula Mine is easily accessible by major highway and is a 4 hour drive south west of Mexico City – close to key water, power and transportation infrastructure. Furthermore, the area is already a well-established mining district, with Goldcorp’s (TSX:G,NYSE:GG) Los Filos mine and Torex Gold’s (TSX:TSG) El Limon/Guajes mine (currently under construction) both nearby. These operations demonstrate the existence of a clear regulatory due process in the area and is positive for the advancement of the Ana Paula project.
Significant Underground Potential
Newstrike Capital Ana-Paula Underground-Potential
Newstrike continues to evaluate the “significant underground potential” for Ana Paula.Results from a 2013 deep drill program confirmed the presence of high-grade mineralization just below the surface and extending to approximately 700 meters deep. The Company returned many strong drill results at depth and continued drilling is expected in 2015.
Newstrike has completed approximately 230 drill holes at Ana Paula and is now preparing a pre-feasibility study for mid-2015.
Surrounding Ana Paula is Newstrike’s Aurea Norte exploration property, which covers the northwest extension of the Guerrero Gold Belt. In October 2013, Newstrike identified fifteen high priority drill targets through a ZTEM airborne geophysical survey, with seven targets coinciding with anomalous surface gold geochemistry. Outcrop chip samples have been taken from surface at Aurea Norte, with the best sample returning 16.7 grams per tonne of gold. Newstrike drilled 5,000 meters in late 2013 to test a selection of those anomalies with assays from the campaign showing encouraging results. Further drilling is anticipated in 2015.
Contiguous with the Aurea Norte property to the north, Newstrike’s wholly owned Aurea Sur exploration property consists of four claims covering ~ 21,742 hectares.
Aurea Sur is a greenfield property in the early stages of exploration. However, Newstrike has found what it considers to be encouraging results. Geological fieldwork including surface sampling commenced on the property in 2004 and 3,886 metres of drill core was completed in total for 10 drill holes that tested four distinct areas of the property.
Exploration efforts are currently focused on Aurea Norte. However, Newstrike is using results from its most recent drill program to plan future exploration work in Aurea Sur.
2014-11-26 16:09 ET – Acquisition
The TSX Venture Exchange has accepted for filing a shareholder share purchase agreement dated Sept. 24, 2014, between Calyx Bio-Ventures Inc. and Cannigistics Agri-Solutions Corp. and all of the existing securityholders of Cannigistics, whereby Calyx will acquire 100 per cent of the issued and outstanding share capital of Cannigistics, a privately-held British Columbia agricultural technology company, for 10 million common shares. A maximum of three million additional common shares of the company may be issued in the future upon the company’s completion of an equity financing prior to Dec. 31, 2014, and subject to Cannigistics achieving certain performance milestones.