Monday, January 24, 2022

#Mining #Stocks News: FORTUNE BAY (TSXV: $FOR.V) COMMENCES 2022 FIELD PROGRAMS ON ITS #URANIUM AND #GOLD PROJECTS IN #SASKATCHEWAN; @fortunebaycorp

#Mining #Stocks News: FORTUNE BAY (TSXV: $FOR.V) COMMENCES 2022 FIELD PROGRAMS ON ITS #URANIUM AND #GOLD PROJECTS IN #SASKATCHEWAN; @fortunebaycorp 

 


HALIFAX, NS – January 24, 2022 (Investorideas.com Newswire) Fortune Bay Corp. (TSXV:FOR, Frankfurt:5QN) ("Fortune Bay" or the "Company") is pleased to announce that Phase 2 exploration drilling has commenced on its Goldfields Gold Project, and a ground gravity survey has begun on its Strike Uranium Project. Both Projects are located in northern Saskatchewan, within 25 kilometres of Uranium City where the Company has an established operational base (see Figure 1).

 

Read this news, featuring FOR in full at https://www.investorideas.com/CO/FOR/news/2022/01241Uranium-Gold-Saskatchewan.asp

Goldfields Project - Phase 2 Exploration Drilling

Drilling has commenced to test gold exploration targets within the hinge zone of the Goldfields Syncline, between the Box and Athona gold deposits, with the objective of making a new discovery.

 

An estimated 2,000 metres of diamond drilling is planned to test up to six targets which have been identified from geological and geophysical datasets (see Figure 2), with additional resource expansion drilling at the Box deposit contingent on final assay results from Phase 1 drilling completed during 2021.

 

Strike Uranium Project – Ground Gravity Survey

A ground gravity survey has commenced over the northern portion of the Project area (approximately 2,600 hectares) to cover the 15 kilometre length extent of the prioritized electromagnetic ("EM") conductors.

 

Ground gravity results will be utilized to detect favorable clay alteration zones along the EM conductors to further prioritize targets for drilling.

 

Maiden exploration drilling is planned to commence in mid Q2 2022 and continue into the summer months.

 

Dale Verran, CEO for Fortune Bay, commented, "The coming year is poised to be an exciting year for the Company as we embark on implementing an expansive set of exploration plans focused on making new discoveries. In this regard, we are pleased to have started our 2022 field programs, commencing with exploration drilling at Goldfields and a ground gravity survey at Strike Uranium. Gold target generation during 2021, and a drill rig on site, has allowed us to commence the 2022 drilling at Goldfields on a compelling set of targets that lie directly between the Box and Athona gold deposits. While this program is ongoing during winter 2022, geophysical surveys at the Strike and Murmac projects are designed to prioritize targets before we commence exploration drilling for high-grade uranium in mid Q2 2022."

 

Gareth Garlick, Technical Director for Fortune Bay, added, "The lack of drilling along two kilometres of strike between the Box and Athona deposits, that jointly host approximately 1 million ounces in Indicated gold resources, presents a unique exploration opportunity. We believe our team has identified the key geological controls on gold mineralization within the Goldfields Syncline, including stratigraphic position and structural setting, and we are looking forward to results from our Phase 2 drill targets."

 

For further details on Fortune Bay's exploration plans for 2022 please refer to the Company's News Release dated December 15, 2021.

 

Further Details: Goldfields Phase 2 Drill Targets

The Box and Athona gold deposits occur within "Mine Granites" located in similar stratigraphic positions at the base of the Murmac Group within the Goldfields Syncline, providing a preferred "target corridor" to explore for additional gold mineralization at relatively shallow depths. The target corridor has been defined on the basis of surface outcrop mapping and over 350 surface dip/azimuth measurements in the Goldfields area. In addition, both deposits are adjacent to major north-south to northeast-southwest oriented fault systems, which are visible in geophysical survey data, and are evident in topographical data and satellite imagery. These major fault systems are interpreted to have formed conduits for mineralizing fluids, as supported by the spatial association of all known gold occurrences on the Goldfields property with these structures.

 

The Phase 2 drill program is focused on exploring the defined two kilometre target corridor within the hinge zone of the Goldfields Syncline between the Box and Athona deposits, where there is no previous drilling (see Figure 2). Targets have been prioritized based on proximity to the interpreted major fault systems, while at the same time providing a broad (approximately 500 m spaced) exploratory step-out drill spacing. A single drill hole has also been planned to test a compelling untested resistivity / chargeability anomaly from the Titan IP survey carried out in 2010 (data were reinterpreted during 2021). Phase 2 target areas are typically characterized by significant soil, glacial till or shallow water cover and therefore surface prospecting, current or historical, is of limited or no value to evaluate targets. The Phase 2 drilling is designed to test for gold mineralization that may be buried beneath shallow cover or blind to surface.

 

The Company is awaiting receipt of final gold assay results from the remaining four drill holes completed at the Box deposit as part of the Phase 1 resource expansion program. The Phase 2 drilling program may be revised contingent on these results.

 

Qualified Person and Technical Disclosure

The technical and scientific information in this news release has been reviewed and approved by Dale Verran, M.Sc., P.Geo., Chief Executive Officer of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Verran is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

 

The Goldfields project is host to Indicated Mineral Resources of 975,000 ounces of gold (22.6 million tonnes at an average grade of 1.34 g/t), and Inferred Mineral Resources of 176,000 ounces of gold (6.0 million tonnes at an average grade of 0.92 g/t). Mineral resources are reported at a cut-off grade of 0.3 g/t gold and constrained within a conceptual open-pit shell using a gold price of USD$1,600/oz. Details regarding the current 2021 Mineral Resource Estimate ("2021 MRE") are provided within the National Instrument 43-101 ("NI 43-101") Technical Report titled "Technical Report: Resource Estimate for the Goldfields Project" with an effective date of May 4, 2021. The Technical Report was authored by Mr. Cliff Revering, P. Eng., and Dr. Ron Uken, PhD, P. Geo. of SRK Consulting (Canada) Inc. ("SRK"), both of whom are Independent Qualified Persons in accordance with the requirements of NI 43-101. The Technical Report supports the 2021 MRE for Goldfields, which includes the Box and Athona gold deposits, and is available on SEDAR and the Company's website.

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, FWB: 5QN) is an exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing the 100% owned Strike and Murmac (previously "Goldfields West") uranium exploration projects, located near the Goldfields Project, which have high-grade potential typical of the Athabasca Basin. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company's website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

"Dale Verran"

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, availability of contractors, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 



Figure 1: Location of the Goldfields, Strike and Murmac Projects. (CNW Group/Fortune Bay Corp.)

 



Figure 2: Goldfields Phase 2 drill target areas for 2022 winter drilling. (CNW Group/Fortune Bay Corp.)

 

SOURCE Fortune Bay Corp.

 

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Friday, January 21, 2022

#Colombian #Gold #Stock News: O2Gold (TSXV: $OTGO.V) Announces Change of Chief Financial Officer; @otgo_v

#Colombian #Gold #Stock News: O2Gold (TSXV: $OTGO.V) Announces Change of Chief Financial Officer; @otgo_v

 


TORONTO - January 21, 2022 (Investorideas.com Newswire) O2Gold Inc. (TSXV: OTGO) (FRA: 6210.F) ("O2Gold" or the "Company") is pleased to announce that Mr. Ryan Ptolemy has been appointed as the chief financial officer of O2Gold.

 

Read this news, featuring OTGO in full at https://www.investorideas.com/CO/OTGO/news/2022/01211Chief-Financial-Officer.asp

 

Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. Mr. Ptolemy serves as chief financial officer to many public and private companies in the resource sector, particularly development-stage companies. Mr. Ptolemy formerly served as chief financial officer for an independent investment dealer in Toronto where he was responsible for financial reporting, budgeting and the company's internal controls.

 

The appointment of Mr. Ptolemy follows Ms. Deborah Battiston's retirement from her role as the chief financial officer of the Company. The board and management of the Company express their gratitude to Ms. Battiston for her efforts and extensive contributions and wish her well in her retirement and future endeavours.

 

About O2Gold

O2Gold is a mineral exploration company with activities in Colombia. The Company's contiguous 30,000 ha land package includes several brownfields and largely under-explored greenfields.

 

For additional information, please contact:

Jaime Lalinde, President and CEO
Phone: (57) 312 350 5864
Email: jlalinde@fmresources.ca

 

NEITHER 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.

 

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Thursday, January 20, 2022

#ExploringMining #Podcast 240 –(TSXV: $OTGO.V) (NYSE: $GOLD) (NYSE: $AA) (NYSE: $AG) (NYSE: $EXK)



 

#ExploringMining #Podcast 240 –(TSXV: $OTGO.V) (NYSE: $GOLD) (NYSE: $AA) (NYSE: $AG) (NYSE: $EXK)

 

Vancouver, Kelowna, Delta, BC,  January 20, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts. Today’s podcast was sponsored by O2Gold Inc.

(TSXV:OTGO) , a mineral exploration company with activities in Colombia.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/012022-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/01201OTGO-GOLD-AA-AG-EXK.asp

 

Listen to Exploring Mining podcast on iTunes Apple podcasts   

 

Listen to Exploring Mining on Spotify

 

Barrick Gold Corporation (NYSE:GOLD) has shared its preliminary full year and fourth quarter 2021 production results, indicating that it successfully met its annual guidance targets for the third consecutive year. Some key highlights include a preliminary gold production figure of 4.44 million ounces for the year and preliminary copper production of 415 million pounds. According to the press release, Barrick will release its Q4 and full year 2021 results before market open on February 16, 2022.

 

Alcoa Corporation (NYSE:AA) has reported its fourth quarter and full year 2021 results, boasting its highest ever annual net income ($429 million) and earnings per share ($2.26). The company also posted a revenue of $12.2 billion, an increase of 31 percent over the previous year. Alcoa’s President and CEO, Roy Harvey, said:

 

"We had a transformative year in 2021; we posted our highest ever annual net income, returned cash to our stockholders and significantly reduced our debt and pension obligations. Our performance demonstrates that our long-term strategies are delivering value and strengthening Alcoa, so we can be successful through all phases of the commodity cycle.”

 

First Majestic Silver Corp. (NYSE:AG) has announced that its fourth quarter production reached a new quarterly record of 8.6 million silver equivalent ounces, comprising 3.4 million silver ounces and 67,411 gold ounces, and representing a 17 percent increase over the previous quarter. The company’s President and CEO, Keith Neumeyer, explained:

 

"During the fourth quarter, production at our San Dimas and Santa Elena mines exceeded expectations and reached new records due to a significant improvement in productivity and in silver and gold grades. Consolidated gold production also reached a new record of 192,353 ounces in 2021 due to the acquisition of the Jerritt Canyon mine and the start of production and first pour from the Ermitaño mine at Santa Elena in November."

 

Endeavour Silver Corp. (NYSE:EXK) has shared its consolidated production, cost guidance, and its capital and exploration budgets for 2022. Silver production guidance is set for 4.2 to 4.8 million ounces, and gold production is anticipated to be between 31,000 and 35,000 ounces for the year. CEO Dan Dickson said:

 

“This year, the team is focused on managing costs in order to offset the inflationary pressures we are seeing across the industry. Equally important will be expanding resources and advancing our exceptional growth pipeline. Terronera will move from the funding and approval phase through to construction. As well, we will initiate a preliminary economic assessment at Parral and define a current resource at Pitarrilla following the closing of this acquisition in the first half of the year.”

 





Exploring Mining Podcast Sponsor

O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otú Fault project, with senior management based in nearby Medellín. The team’s deep roots and experience in Latin America—in both capital markets and mining—gives it the regional knowledge and operational expertise to create a world-class project.

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#Technology #Stock News: GBT (OTCPK: $GTCH) Filed a Continuation Application for its 3D, Multiplanar IC Architecture Patent Seeking to Broaden its Innovative Microchip's Design and Manufacturing Technology

#Technology #Stock News: GBT (OTCPK: $GTCH) Filed a Continuation Application for its 3D, Multiplanar IC Architecture Patent Seeking to Broaden its Innovative Microchip's Design and Manufacturing Technology

 

The continuation patent application seeks to expand the protection of multi-dimensional integrated circuits architecture and semiconductor wafers mounted on the multi-dimensional planes

 


SAN DIEGO, CA - January 20, 2022 (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT" or the "Company"), filed a continuation patent application for its 3D, multiplanar, integrated circuits (IC) design and manufacturing technology. The original invention design presents a new way to design and manufacture larger size ICs to fit advanced analog, digital and mixed type ICs on a silicon wafer. The goal of these methods is to enable advanced microchip's design and manufacturing within less space which can be a significant factor particularly for memories, CPU, GPU, AI chips and more. The company's 3D microchip patent was filed on March 5, 2019, and was granted as of December 1, 2020 by the United States Patent and Trademark Office (“USPTO”); U.S. Patent No. 10,854,763. The continuation application, assigned number 17102928, was filed on November 24, 2020 and seeks to broaden the protection of the main IP concepts. It is GBT's goal to allow for further advancements in circuitries connections and wiring through the use of the 3D, multidimensional design utilizing more space on the silicon wafer. This technology aims to increase memory size capacity, speed, performance, and processing power.

 

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/01201Multiplanar-IC-Architecture-Patent.asp

 

“For decades, technology companies have worked to shrink microchips to fit into devices as small as a watch, an earbud or a surgical instrument. Shrinking microchips to make them smaller often means losing space on the chip for performance and functionality, so the movement has turned to three-dimensional microchips. With the hope to maintain efficiency, the ongoing problem with 3D chips is that they rely on traditional interconnectivity methods, including wire bonding and flip chips, to stack vertically. By trying to create a 3D integrated circuit, the stacking of the silicon wafers develops limitations. We believe redesigning the microchip architecture can improve production like routing and the placement of critical building blocks within the IC. One method found to help make these improvements in the architecture of the microchip includes changing the design from the stereotypical flat (or two-dimensional design) to a 3D or layered structure. We believe our approach may alleviates the disadvantages of current ICs by providing new multi-dimensional IC architecture and design. The 3D microchip patent introduces a multi-dimensional, multi-planar IC structure that may potentially be used in IC fabrication. As microchip's are constantly getting more complex there is a need for a breakthrough technology to enable much larger silicon utilization with higher performance and lower cost. We believe that the technology contemplated by the patent continuation application can be an efficient solution, breaking new grounds in the integrated circuits field, and introducing the next generation of design and manufacturing standards,” said Danny Rittman, the Company's CTO.

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
press@gopherprotocol.com

 

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Wednesday, January 19, 2022

#Cleantech and #ClimateChange #Podcast - All on Board the #Hydrogen Train -(NASDAQ: $BLDP; TSX: $BLDP.TO) (TSX: $CP.TO; NYSE: $CP)



 

 

 

#Cleantech and #ClimateChange #Podcast - All on Board the #Hydrogen Train -(NASDAQ: $BLDP; TSX: $BLDP.TO)  (TSX: $CP.TO; NYSE: $CP)

 

Vancouver, Kelowna, Delta, BC ,January 19, 2022 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues a  new  hydrogen edition of the Cleantech and Climate Change Podcast 

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/011922-CleanTech.mp3

 

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Ballard Power Systems (NASDAQ: BLDPTSX: BLDP)  announced today it received an order for eight additional 200 kW fuel cell modules to support the expansion of Canadian Pacific’s ( TSX: CP; NYSE: CP) Hydrogen Locomotive Program from one to three locomotives, with expected delivery in 2022. Inclusive of Ballard’s announcement in March 2021, the company will provide a total of 14 fuel cell modules, each module with a rated power output of 200 kW, to support this program.

CP, an industry leader in the North American rail sector, significantly expanded its Hydrogen Locomotive Program, from one to three hydrogen locomotives. This expansion is partially supported by C$15 million in funding from Emissions Reduction Alberta (ERA) as part of its Shovel-Ready Challenge announced late last year. The CP program was selected as one of sixteen emissions reduction projects to receive provincial funding. CP intends to refine the process of converting diesel-electric powertrains to hydrogen-electric powertrains over a series of three categories of locomotives which collectively represent the majority of locomotives in use throughout North America.

“In expanding this groundbreaking project, CP is demonstrating its commitment to combatting climate change through transformative technology," said Keith Creel, CP's President and Chief Executive Officer. "I am very pleased that Emissions Reduction Alberta selected this program for a grant and I eagerly anticipate seeing a hydrogen-powered locomotive move CP customer freight in the near future.”

“We are excited to deepen our collaboration with CP and accelerate the energy transition,” said Randy MacEwen, Ballard’s President & CEO. “The expansion of CP’s Hydrogen Locomotive Program is illustrative of the confidence in Ballard’s fuel cell technology and the important role hydrogen fuel cells will play in decarbonizing heavy-duty motive applications, such as freight locomotives.

“Alberta is investing to lead the transition to affordable, reliable and clean energy. CP's initiative represents a highly compelling opportunity to catalyze the hydrogen economy in Alberta and around the world," said Steve MacDonald, CEO of ERA. "The project will help scale up technology and bring down the costs of deploying hydrogen to address the critical challenge of decarbonizing the long haul, heavy-freight sector.”

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.


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