Wednesday, May 4, 2016

POET Technologies Inc. - PTK.v

POET Technologies Inc. - PTK.v is the developer of a platform that will power the next wave of innovation in integrated circuits, by combining electronics and optics onto a single chip for massive improvements in size, power, speed and cost.

POET allows for performance improvements that are an order of magnitude greater than silicon devices at a fraction of the cost

On May 4, 2016 the company released News

POET Technologies Inc. (the “Company” or “POET”) (OTCQX: POETF; TSX Venture: PTK), a developer of opto-electronics fabrication processes for the semiconductor industry, today announced that it will host an Investor Day for shareholders, stakeholders and analysts on May 17, 2016.  The event will be held at The Vintage Conservatory, Suite 102, 100 Lombard Street in Toronto, ON.POET also announced that its Annual General and Special Meeting of Shareholders (“AGSM”) has been scheduled for July 7, 2016, in San Jose, CA.

POET’s Investor Day will include a series of presentations by the Company’s senior leadership team. Management presentations are scheduled to begin at 9:30 a.m. EDT and conclude at 11:30 a.m. EDT.  The presentation will also be webcast beginning at 9:30 a.m. EDT on May 17, 2016, and will be able to be accessed from POET’s investor relations section of its website at www.poet-technologies.com.  To listen to the live webcast, please visit this website approximately 15 minutes prior to the start of the event to register, download and install any necessary audio software. A replay will be available shortly after the presentation on the POET website for 90 days.  Pre-submitted questions may be sent to rf@poet-technologies.com in advance until May 16, 2016.  Expected topics to be covered include POET’s strategic, development and commercialization initiatives.
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http://pennystockjournal.blogspot.com/2016/05/poet-technologies-inc-ptkv.html

Tuesday, May 3, 2016

Northern Vertex Mining Corp. - NEE.v

Northern Vertex Mining Corp. - NEE.v is focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA.

The Company is earning into a 70% property interest Joint Venture Option Agreement with Patriot Gold.

On April 4, 2016 the company released NEWS

" Northern Vertex Mining Corp. (TSX.V:NEE) (the "Company") is pleased to announce that further to its press release dated March 31, 2016, it has closed the final tranche of its oversubscribed non-brokered private placement (the "Private Placement") and issued a further 500,000 units (each a "Unit") bringing the aggregate total Units issued to 8,474,875 Units at a purchase price of $0.32 per Unit raising gross proceeds to the Company of $2,711,960.


Each Unit consists of one common share ("Common Share") of the Company and one transferable share purchase warrant ("Warrant"). Each whole Warrant from this tranche will entitle the holder to acquire one Common Share at an exercise price of $0.50 until April 4, 2019. Cash finders' fees to arm's length parties of 6%, totaling $9,600 will be paid on the remaining portion of the Private Placement.
The Company intends to use the net proceeds of the Private Placement for the advancement of the Company's Moss Mine Gold-Silver property located in Mohave County, NW Arizona, USA and general corporate purposes. All of the securities issued today pursuant to the Private Placement will have a four month hold period which expires August 5, 2016.  All amounts quoted are in Canadian dollars.
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http://pennystockjournal.blogspot.com/2016/05/northern-vertex-mining-corp-neev.html

Monday, May 2, 2016

Red Eagle Mining - RD.v

Red Eagle Mining - RD.v is advancing the flagship Santa Rosa project in Columbia.

A Feasibility Study includes $74 million in initial capital costs and cash costs of $596 per ounce. Production is projected to start during H2 2016.

On April 21, 2016 the company released NEWS

"
Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce it has closed the second tranche of its previously announced private placement for gross proceeds of $3,610,000, consisting of 9,500,000 common shares (the "Shares") at a price of $0.38 per Share with Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston based Liberty Mutual Insurance.

About Red Eagle Mining
Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Management is focused on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 71% of the Vetas Gold Project and 100% of the Santa Rosa Gold Project, where construction is underway at the fully permitted and fully financed San Ramon Gold Mine with production expected to commence in the second half of 2016.
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http://pennystockjournal.blogspot.com/2016/05/red-eagle-mining-rdv.html

Pilot Gold - PLG.t


Pilot Gold - PLG.t is advancing three key projects in Turkey and Nevada. The Kinsley, TV Tower and Halilaga.

The TV Tower and Halilaga projects are in the Biga District, Turkey. Teck Resources Limited's Turkish subsidiary is a 60% joint venture partner for both projects. Pilot Gold is currently earning-in to a 60% interest at TV Tower.


On April 25, 2016 the company released NEWS

"Pilot Gold Inc. (PLG - TSX) ("Pilot Gold" or the "Company") is pleased to announce that it has commenced a four-hole RC drill program targeting high-grade gold mineralization in the Secret Canyon Shale at the Kinsley Mountain Gold Project ("Kinsley") in northeastern Nevada.In late 2013, Pilot Gold discovered the Western Flank gold deposit. The sulphide resource is currently estimated at 284,000 Indicated ounces of gold grading 6.04 g/t, and 39,000 Inferred ounces grading 2.41 g/t gold. Mineralization is open for extension to the north and east. (See December 17, 2015 press release, and the Kinsley Technical Report available on the Company’s website at www.pilotgold.com or under Pilot Gold’s SEDAR profile at www.sedar.com.)
Key Points:
  • The Western Flank deposit is hosted in the Secret Canyon Shale, approximately 200 metres below the historical Kinsley open pit mine workings in the Dunderberg Shale
  • There are 1,082 historic drill holes on the Kinsley property that test, or have tested for, mineralization in the Dunderberg Shale, with only a single historic hole (pre-Pilot Gold – 2011) passing through the Secret Canyon Shale horizon
  • Drilling completed by Pilot Gold on the new Secret Canyon Shale target stratigraphy has tested 10 general, broadly-spaced locations over an approximate 10 km2 area. The target stratigraphic interval in all 10 areas contains anomalous gold mineralization to some degree, including:
    • Western Flank Zone: 1,461,000 tonnes grading 6.04 g/t Au Indicated, 508,000 tonnes grading 2.41 g/t Au Inferred (see December 17, 2015 press release, and the Kinsley Technical Report)
    • The Secret Spot: PK153: 25.7m grading 1.34 g/t Au, and 13.7 m grading 1.09 g/t Au, including 1.5 m grading 5 g/t Au, and 6.1 m grading 3 g/t Au (over a 70 metre interval) (September 10, 2014 press release)
    • Racetrack: PK180: 10.7 m grading 1.25 g/t Au (December 9, 2014 press release)
    • North-central historic Kinsley Mine trend: K425: 4.6 m grading 1.58 g/t Au (historical data)

Pilot Gold believes that the Secret Canyon Shale has high potential to host more than one zone of high-grade mineralization. Exploration is now focused on this specific stratigraphic interval.
New drill targets were developed using 3-D modeling software, including the integration of new and historical geological, geochemical and geophysical data as detailed below. As a result, a new high-priority target area immediately below and southwest of the historic Main Pit was identified and will be tested in four reverse circulation holes of approximately 425 metres each for a total of 1,700 metres. The drill program commenced April 21, 2016.
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http://pennystockjournal.blogspot.com/2016/05/pilot-gold-plgt.html