HealthSpace Presents an Update from Its Chief Executive Officer

VANCOUVER, Feb. 24, 2020 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to present an update from Silas Garrison, the Company's Chief Executive Officer:
It has been an exciting start to 2020.  Our sales momentum is picking up at a record pace.  We have closed more sales over a smaller period time than at any other point in the Company's history.  We are making continued strides on our product and increasing our team size to continue to meet our customers' needs.

We have nearly doubled our customer base within the last 12 months.  As we keep the forward momentum going, it is highly likely we will double again.  Because of that, I have set the theme for this year to be the Year of Scale. As a company, we pride ourselves in not only providing the best product in the market, but also the best customer service. Continuing to excel in both realms while continually increasing the number of customers we serve requires intent focus and commitment.  It also requires more people which is why we are continually expanding our team to ensure we are always delivering the best.

Sales Pipeline - US $15 Million and Growing
Our sales pipeline has swelled to over US $15 million worth of multi-year contracts, comprised of over 60 individual contracts, with new contract opportunities being continuously added.  The majority of this pipeline has a likelihood of closing within the next six to eight months.  Our current cumulative SaaS annual recurring revenue ("ARR") as at the end of our fiscal second quarter (Jan 31, 2020) is standing at US $3.2 million.  We expect to exit fiscal 2020 with an ARR around US $5.0 million, should we fulfil the US $15 million pipeline.

As we continue to delve aggressively into our core market of state and local government departments, we will be able to address more departments of different types.  This includes departments such as code enforcement, which largely regulates the health and safety of physical properties.  Long term, our aim is to become the ubiquitous, self-serve cloud platform within the government market whether the department is environmental health, agriculture, code enforcement or another we have yet to tap into.

HSPay + My Health Department
One of the most exciting evolutions for the Company will be streamlining the ecosystem between government and private sectors through digital means.  The intent of the platform is to provide seamless access to governmental data to the private businesses for which it relates, such as permits and inspections.  Further, it will help government departments extend their online services which will dramatically reduce inefficiencies from less paperwork to improved communication.  We have begun to deliver segments of the My Health Department platform and have customers who will be extending their use and offerings within the platform by summer.  A core portion of these offerings will be HSPay.

HSPay is what we are calling our payment solution that will combine the power of PayPal with our cloud based products.  Initially it will be embedded within My Health Department, but we will expand the capabilities and usage from there.  We have slowly introduced this to our latest customer additions and will throttle customer adoption of the platform to just a few early adopters to ensure we have the platform working seamlessly and securely.  Because of that, we expect only a small amount of payments to be transacted during this fiscal year with the rate and volume of payments increasing precipitously in the months and years to come.

A Growing Team
HealthSpace has added over ten new team members in various capacities to bolster product development, customer service and sales.  As we continually grow our customer base, we will be adding new team members, and even have plans to open a new office in Ohio to service our growing customer base in that region of the country.  Additionally, Maureen Garrison, has resigned from her position as Chief Operating Officer for personal reasons.  She will continue with HealthSpace in the capacity of Head of Customer Setup.  We are grateful to Maureen for her dedication to excellence and commitment to HealthSpace's success.
We at HealthSpace are grateful to our customers for entrusting us with their business, to our fellow team members for the dedication and hard work we share, and to our shareholders for their trust and investment.

HealthSpace Data Systems Ltd.
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 500 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.  HealthSpace has now entered into the FinTech space by creating a payment platform that streamlines the intake of government revenue for the agencies it serves.

Forward-Looking Statements
This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "pipeline", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE HealthSpace Data
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2020/24/c3711.html

Contact:
Silas Garrison, CEO, (415) 580-2735, silas@hscloudsuite.com

HealthSpace wins $1.12-million (U.S.) in new contracts

2020-02-19 10:11 ET - News Release

Mr. Silas Garrison reports
HEALTHSPACE ANNOUNCES OVER $1 MILLION USD IN NEW DEALS, INCLUDING A SOLE SOURCE DEAL WITH WEST VIRGINIA
HealthSpace Data Systems Ltd. has signed the first year of a four-year, sole-source deal with the West Virginia Public Health Sanitation Division. Additionally, the Company signed multi-year contracts with the Central Michigan Health Department and the Health Department of Northwest Michigan. The aggregate value of these deals is $1.12m USD, including option years. Both West Virginia and Central Michigan were existing customers of HealthSpace utilizing the Company's legacy application, EHS.

HealthSpace CEO, Silas Garrison commented "I am extremely delighted to have both existing customers and new ones alike choose our HSCloud Suite platform. We continue to make our core focus providing immense value to the state and local government markets. Every sales win validates that focus and motivates our team even more to keep pushing."

About HealthSpace Data Systems Ltd.
HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 500 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status.

HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies. HealthSpace has now entered into the FinTech space by creating a payment platform that streamlines the intake of government revenue for the agencies it serves.

We seek Safe Harbor.

American Pacific operator starts drilling at Tuscarora

2019-09-16 06:27 ET - News Release

Mr. Eric Saderholm reports
AMERICAN PACIFIC MINING ANNOUNCES DRILLING HAS COMMENCED AT THE TUSCARORA GOLD PROJECT, NEVADA USA

Drilling has commenced at American Pacific Mining Corp.'s Tuscarora gold project in Elko, Nev. Oceanagold, operator at the project, has contracted National EWP out of Elko, Nev., to reverse circulation (RC) drill an approximate 4,000 metres at the property, or around 10 holes.

"The upcoming drill campaign will primarily focus on following up the priority targets defined from the recent CSAMT, gravity and geological mapping programs conducted by Oceanagold," commented Eric Saderholm, president and director of American Pacific Mining. "Drilling will test targets east and west of the South Navajo vein, which has numerous historic drill holes. The Navajo vein dips to the west and the newly interpreted geophysical data indicate potential parallel east-dipping structures which have never been realized or explored in the past."

Previous drill results have displayed high-grade intervals of gold mineralization in a low sulphidation, epithermal system.

The Tuscarora district lies at the foot of Mount Blitzen on the eastern slope of the Northern Tuscarora range. The property has a relatively low silver to gold ratio and almost no base metals. Tuscarora lies in the gold-rich, southern portion of the district, and clearly displays quartz-adularia veins and stockwork associated with the dacitic intrusives and structures formed along the southeast margin of Mount Blitzen. This zone underwent local boiling and shows widespread silicification and adularization along with quartz-adularia veins, stockwork veining and vug fills in tuffs and fine-grained epiclastic rocks. The silver-rich portion of the district occurs immediately north of the project.

The state of Nevada is the United States' top gold producing state, producing 5.47 million troy ounces of gold in 2016, 81 per cent of the U.S. total.

Qualified person
Technical aspects of this press release have been reviewed and approved by Mr. Saderholm, the designated qualified person (QP) under National Instrument 43-101.

About American Pacific Mining Corp.
American Pacific Mining is a gold explorer that is focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early-stage gold project located in a prime precious metal district in Nevada, only 35 kilometres northeast of the Carlin trend, 20 kilometres southwest of the Jerritt Canyon deposit and 50 kilometres east-northeast of the Midas deposit. American Pacific is eyeing a gold discovery amidst gold's next bull market.
We seek Safe Harbor.

American Pacific's Tuscarora surveys find new targets

2019-08-14 07:34 ET - News Release

Mr. Warwick Smith reports

AMERICAN PACIFIC MINING ANNOUNCES NEW TARGETS UNCOVERED AT THE TUSCARORA GOLD PROJECT, NEVADA

The gravity and CSAMT key geophysical ground surveys conducted at American Pacific Mining Corp.'s Tuscarora gold project are now complete. Oceanagold has updated the geophysics and the 3-D model and in doing so has identified a number of target areas within the Tuscarora project area.
Tuscarora is a high-level, epithermal gold/silver district containing numerous precious metal veins within the project area. Mineralization is coeval with that found in the nearby world-class Carlin and Cortez trends but differs in that it is hosted in a 40-million-year-old volcanic rock sequence on the flanks of an ancient caldera. Historic drilling along the South Navajo zone has intersected high-grade mineralization from the South Navajo vein, just one of many veins that project into the property and are covered by pediment gravels.

Previous drill campaign highlights are provided in the associated tables.

American Pacific begins CSAMT survey at Tuscarora

2019-06-18 09:24 ET - News Release

Mr. Warwick Smith reports

AMERICAN PACIFIC MINING ANNOUNCES START OF KEY GEOPHYSICAL SURVEY AT THE HIGH-GRADE TUSCARORA GOLD PROJECT
American Pacific Mining Corp.'s joint venture partner at the Tuscarora gold project, OceanaGold US Holdings, has commenced a comprehensive geophysical survey, known as CSAMT (controlled source audio-frequency magnetotellurics). The study will be conducted by Zonge International, a well-known geophysical services company based in Reno, Nev.

"This non-intrusive, low-impact CSAMT survey will highlight key target exploration zones, showing the electrically resistive and conductive areas throughout the entire Tuscarora project area," commented American Pacific's president, Eric Saderholm. "Layering this information with previously collected data will be essential in the design of the fast-approaching drill campaign that OceanaGold will conduct this summer." CSAMT raw data will be processed and interpreted, with results anticipated in early July. The gravity survey that commenced in May (refer to press release dated June 4, 2019) has also been completed and data interpretation is in progress.

Qualified person
Technical aspects of this press release have been reviewed and approved by Mr. Saderholm, PGeo, the designated qualified person under National Instrument 43-101.

About American Pacific Mining Corp.
American Pacific is a gold explorer focused on precious metal opportunities in the western United States. Tuscarora is a high-grade, early-stage gold project located in a prime precious metal district in Nevada, only 35 kilometres northeast of the Carlin trend, 20 km southwest of the Jerritt Canyon deposit and 50 km east-northeast of the Midas deposit.
We seek Safe Harbor.

American Pacific samples 18.45 g/t Au

American Pacific samples 18.45 g/t Au at Gooseberry

2019-06-05 10:03 ET - News Release

Mr. Warwick Smith reports

AMERICAN PACIFIC MINING ANNOUNCES GOOSEBERRY GRAB SAMPLES, FROM TRACE TO 18.45 G/T GOLD, 595 G/T SILVER
American Pacific Mining Corp. has released assay results from recent grab samples from the Gooseberry precious metal project near Reno, Nev. American Pacific Mining recently acquired the past-producing project through staking (refer to press release April 23, 2019). A total of nine initial samples were taken from the dumps and old mineralized stockpiles at Gooseberry, with highlight results including the following:

• Sample GB19ECS-007 (1.05 kilograms) -- 18.45 grams per tonne gold and 595 grams per tonne silver;
• Sample GB19ECS-003 (0.59 kilograms) -- 17.75 grams per tonne gold and 310 grams per tonne silver;
• Sample GB19ECS-001 (1.25 kilograms) -- 10.25 grams per tonne gold and 218 grams per tonne silver;
• Sample GB19ECS-006 (0.70 kilogram) -- 10.20 grams per tonne gold and 273 grams per tonne silver.

"Initial assays from grab samples at the Gooseberry project are really encouraging, with elevated silver and gold grades," commented chief executive officer Warwick Smith. "When Asamera Minerals was producing at the Gooseberry mine in the late 1980s, they shifted focus to the tailings. The stockpiled materials appear to be indicative of the materials they were mining at the later mining phases. More sampling across the property will take place at Gooseberry shortly."
Samples were taken from mineralized vein material composed of dolomite, calcite and quartz. Grab samples are selective samples and may not necessarily be representative of the mineralization hosted on the property. Historically, mined materials were brought to the surface and stockpiled at Gooseberry, crushed and then run through a heap leach. These nine samples were taken from materials most likely extracted late in the mining phase due to their location on the upper stockpile. Some materials have gone through a primary crushing process only. According to historical records, Asamera ceased hard-rock mining during 1989 due to low metals prices and higher underground production costs and moved to the more easily accessible mine tailings.

       AMERICAN PACIFIC MINING 2019 GRAB SAMPLES FROM 
            GOOSEBERRY PRECIOUS METAL PROJECT,
                   STOREY COUNTY, NEVADA

                Method         WEI-21    Au-AA26    Ag-GRA22

               Analyte       Received         Au          Ag   
                           weight (kg)      (ppm)       (ppm) 
  
Sequence   Description           0.02       0.01           5   
 
001        GB19ECS-001           1.25      10.25         218   
002        GB19ECS-002           0.63       1.83          14   
003        GB19ECS-003           0.59      17.75         310   
004        GB19ECS-004           1.05       0.94          37   
005        GB19ECS-005           0.89       1.76          89   
006        GB19ECS-006           0.70      10.20         273   
007        GB19ECS-007           1.05      18.45         595   
008        GB19ECS-008           0.78       2.70          33   
009        GB19ECS-009           1.09       0.06          <5   
 

The Gooseberry precious metal property is located in the Ramsey mining district in Storey county, Nevada, United States, approximately 24 miles east of Reno. The principal vein structure has been explored along strike for around 3,000 feet. The property contains high-grade gold-silver-bearing quartz-calcite vein structures. It is characterized as a low-sulphidation epithermal system, typified by banded to cockscomb quartz textures and the presence of adularia and kaolinite.

Quality assurance/quality control
Samples were sent to ALS Elko located at 1345 Water St., Elko, Nev., United States, for CRU-32, CRU-QC, DRY-22, PUL-32M, PUL-QC, SND-ALS and WEI-21. Samples were processed at ALS Reno located at 4977 Energy Way, Reno, Nev., United States, for Ag-Gra22, and Au-AA26. Grab samples were randomly selected from the stockpile, bagged and transported by American Pacific Mining president and qualified person Eric Saderholm. Preparation by the lab included weighing and crushing quality control test, pulverizing quality control test, drying, fine crushing 90 per cent less than two millimetres, sample splitting with a riffle splitter, and pulverizing 1,000 grams to 85 per cent less than 75 micrometres. Analytical procedures include Ag-GRA22 (silver 50 grams FA-GRAV finish with WST-SIM instrument), and Au-AA26 (ore-grade gold 50 grams FA-AA finish with AAS instrument).

Qualified person
Technical aspects of this press release have been reviewed and approved by Eric Saderholm, PGeo, the designated qualified person under National Instrument 43-101.

About American Pacific Mining Corp.
American Pacific Mining is a gold explorer focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early-stage gold project located in a prime precious metal district in Nevada, only 35 kilometres northeast of the Carlin trend, 20 kilometres southwest of the Jerritt Canyon deposit and 50 kilometres east-northeast of the Midas deposit.
We seek Safe Harbor.

Gold Manipulation Ends, Confidence Builds, [CB] Panic, Next Move Is Coming: Warwick Smith

Inca One produces 2,326 oz Au in March

2019-04-23 09:21 ET - News Release

Mr. Edward Kelly reports
INCA ONE PRODUCES 2,331 OZ OF GOLD IN MARCH 2019
Inca One Gold Corp. has released its consolidated gold production for March, 2019, from its Chala One plant and Koricancha plant. All comparative year over year ("YOY") production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100% basis and includes Kori One from August 21, 2018.

The Company's gold production increased 104% YOY this past March 2019 as it reached 2,326 ounces as compared to 1,141 ounces in March 2018. Material processed in March reached 4,917 tonnes, as compared to 2,168 tonnes in March 2018, an increase of 127% YOY. Processing also increased 9% month over month as compared 4,520 tonnes processed in February 2019. Throughput in March averaged a combined 159 tonnes per day ("tpd").

                 MARCH, 2019, OPERATIONS  
                                      
Year over year       2019            2018        YOY Variance
Deliveries:              4,704 tonnes3,430 tonnes37%         
Production:              4,917 tonnes2,168 tonnes127%        
Throughput:          159 tpd         70 tpd      127%        
Gold Produced:           2,326 ounces1,141 ounces104%        


  

Deliveries for March 2019 continued trending positive for the year despite the prolonged effects of the rainy season, as the supply of gold bearing material delivered to both Chala One and Kori One plants increased 37% YOY and increased 5% from prior month of February 2019. Edward Kelly, President, and CEO commented, "I am pleased to see continued growth in production numbers. Now with our first and traditionally slowest calendar quarter behind us we look forward to another strong quarter ahead with the recognition we are on pace for our most productive year yet."

About Inca One
Inca One is a Canadian based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered, small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.

We seek Safe Harbor.

American Pacific options Tuscarora to OceanaGold unit

2019-04-15 07:30 ET - News Release
Also News Release (C-OGC) Oceanagold Corp
Mr. Warwick Smith of American Pacific reports
AMERICAN PACIFIC MINING ANNOUNCES JOINT VENTURE WITH OCEANAGOLD FOR USD$10MILLION AND OTHER CORPORATE NEWS
American Pacific Mining Corp. has entered into an earn-in agreement in respect of its Tuscarora gold project with OceanaGold U.S. Holdings Inc., a U.S. subsidiary of OceanaGold Corp. OceanaGold is an Australian-based, mid-tier mining company with numerous producing assets, including the largest producing gold mine in New Zealand, the Macraes Goldfield Mine.

Warwick Smith, CEO of APM, commented: "We are very pleased to partner with OceanaGold at Tuscarora. The company's management and Board of Directors extend a warm welcome to the OceanaGold team as both sides work to add value to the project and define further drill targets across the large and historic land package. This announcement adds excitement to the project and the company as we enter a new exploration season. OceanaGold is the perfect partner in our eyes, especially with the success they have had at Waihi in New Zealand{A —}a similar high-grade epithermal system. For a company of our size, this transaction is a big milestone." Eric Saderholm, President of APM commented: "A joint venture with a mid-tier producer, such as OceanaGold, adds to the merit of this high-grade, epithermal gold project. Nevada is the top investor-friendly jurisdiction for mining, and I look forward to working alongside the OceanaGold team as we move this gold discovery ahead at Tuscarora."

Key Points of the Agreement
OceanaGold can earn up to 51% of the Tuscarora Gold Project by investing USD$4 million over the next four years (Phase 1) OceanaGold will have sixty (60) days thereafter to exercise an option to earn an additional 24% by investing a further USD$6 million over the following four years (Phase 2) OceanaGold will make an initial cash payment of USD$50,000 to American Pacific and, upon OceanaGold earning a 51-per-cent interest in the property, a second payment of USD$200,000 in cash or shares at Oceana's option OceanaGold will also make all payments to holders of underlying property interests and pay claim fees OceanaGold will be the operator and, upon earning-in an interest, a joint venture management committee will be formed

About OceanaGold Corp.
OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the Philippines, New Zealand and the United States. The Company's assets encompass the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-tier, long-life, high-margin asset located in South Carolina.

OceanaGold also has a significant pipeline of organic growth and exploration opportunities in the Americas and Asia-Pacific regions. OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management and community and social engagement. The Company has a strong social license to operate and works collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build capacity and not dependency. In 2019, the Company expects to produce between 500,000 to 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper at All-In Sustaining Costs ranging between $850 and $900 per ounce sold.

Other News
The Company has entered into an arm's-length agreement with Future Money Trends, LLC and affiliates (FMT). FMT is headed by Kenneth Ameduri, a media specialist in the natural resources sector. The agreement is for a three year term. The Company paid US$250,000 and issued a total of 2,800,000 of its common shares in consideration for the consulting services. The Company also entered into an arm's-length agreement with Capital Pearl Investments Inc. The agreement is for a 1 year term. The Company paid US$40,000 and issued a total of 1,000,000 of its common shares in consideration for the consulting services. All of the above-noted consultant shares are subject to a four month hold period expiring on July 23, 2019. The company has also granted stock options to purchase an aggregate of 1 million common shares at an exercise price of $0.28 per share for a five year term. The stock options, which were granted to consultants and directors of APM, are subject to the necessary regulatory approvals.

About Us
American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early stage gold project located in a prime precious metal district in Nevada, only 35km northeast of the Carlin trend, 20km southwest of the Jerritt Canyon deposit, and 50km east-northeast of the Midas deposit. American Pacific is Eyeing a Gold Discovery amidst gold's next bull market.
We seek Safe Harbor.

Warwick Smith, CEO of American Pacific Mining Corp., spoke to CSE’s Robert Cook, Senior Vice President of Market Development, at PDAC 2019. $USGD $USGDF

 

American Pacific Mining Corp (CSE: USGD) (OTC: USGDF) (FWB: 1QC) is a gold exploration company, eyeing a gold discovery in the Western USA. The Company is focused on building and drilling a portfolio of precious metal projects. The Company is managed by CEO Warwick Smith, a venture capitalist and corporate development professional with over 20 years of experience in the capital markets. The Nevada-based geological team is led by President Eric Saderholm. Eric recently retired from Newmont as the Exploration Manager for the Western USA. American Pacific’s team believes there is a big opportunity to discover, explore and develop gold and precious metal resources in historically productive districts alongside the commencement of the next bull market in commodities. Discover. Add Value. Sell. Those three steps summarize what this company aims to accomplish.

American Pacific’s flagship property, the high grade Tuscarora Gold Project, was recently optioned from NOVO Resources. Tuscarora is a high-grade, low-sulfidation epithermal gold property, with extensive drilling outlining two target zones, the South Navajo Vein and the East Pediment Zone. American Pacific is following up on previous work with a staged 19 hole drill program.

Compass Gold drills one m of 329.92 g/t Au at Sikasso

2019-03-28 07:28 ET - News Release

Mr. Larry Phillips reports
COMPASS GOLD: DIAMOND DRILLING AT FARABAKOURA INTERSECTS HIGH-GRADE GOLD MINERALIZATION
Compass Gold Corp. has provided an update on the results of the one diamond drill hole completed on extensive artisanal workings at the Ouassada exploration permit on its Sikasso property in southern Mali.
Highlights:

• Identified three discrete mineralized zones within an 18-metre-wide interval:
  • Four m at 83.82 grams per tonne gold (from 63 m);
  • Four m at 7.04 g/t Au (from 69 m);
  • Three m at 4.18 g/t Au (from 78 m);
• One m interval (with a 45-centimetre-true-thickness vein) containing 329.92 grams per tonne gold (g/t Au);
• Mineralization correlating well with adjacent reverse circulation (RC) drill holes and a 1,600 m target structure identified during recent ground geophysics;
• 1,000 m drill program planned at Farabakoura to test additional structures.

Compass chief executive officer, Larry Phillips, said: "The results from our first diamond drilling thus far at Farabakoura are exceptional. While the 330 g/t Au (10.6 troy ounces per tonne) interval reflects the nuggety nature of the gold, it is important to note that the three mineralized structures around it correlated with what we found in the adjacent RC holes drilled in December. Looking at the larger picture, we also see that the mineralization drilled to date at Farabakoura is coincident with structures identified from our ground geophysical surveys. We're looking forward to starting to further drill test these trends soon, which are up to 1,600 m in length, to determine the full extent of the mineralization in this highly prospective portion of our permits."
Diamond drilling (Farabakoura)

As previously announced (see Compass news releases dated Jan. 10 and Feb. 14, 2019), a single 201 m inclined diamond drill hole, OUDD001, was drilled in early January, 2019, beneath the artisanal gold working at Farabakoura, Ouassada permit. The purpose of the hole was to provide information on rock types, structure and the nature of mineralization encountered in two adjacent, 10 m away, reverse circulation (RC) drill holes (OURC004 and OURC005). OURC004 contained a 37 m mineralized zone with 0.87 gram per tonne gold (g/t Au), which included intervals of 10 m at 2.25 g/t Au (from 29 m), and nine m at 0.84 g/t Au (from 59 m). OURC005 contained two broad mineralized zones. The first zone was a 46 m mineralized zone with 0.66 g/t Au (from 18 m), which included intervals of six m at 0.53 g/t Au (from 18 m), and 13 m at 1.97 g/t Au (from 51 m). The second zone was 27 m at 0.92 g/t Au (from 96 m), which included 16 m at 1.47 g/t Au (from 96 m).
Drill hole OUDD001 was drilled 10 m to the southeast of OURC005 using the same angle (60 degrees) and azimuth (50 degrees). Upon completion, the hole was surveyed, the recovered core logged and samples (with an appropriate number of standards, blanks and duplicates) sent to the assay laboratory (SGS, Bamako) for geochemical analysis. The most significant intervals are presented in the associated table.

   DRILL INTERSECTIONS FROM OUDD001 AT FARABAKOURA

Mineralized              Interval (1) and   From depth
zone                   gold grade (2) (3)   (downhole)

1                      1 m at 4.54 g/t Au         22 m
2                    18 m at 20.69 g/t Au         63 m
including             4 m at 83.32 g/t Au         66 m
including            1 m at 329.92 g/t Au         66 m
including              4 m at 7.04 g/t Au         69 m
including              3 m at 4.18 g/t Au         78 m
3                      9 m at 0.23 g/t Au        102 m
4                      7 m at 0.20 g/t Au        138 m
5                      1 m at 0.39 g/t Au        164 m
            
(1) True thicknesses are interpreted as 60 to 90 per
cent of stated intervals.
(2) No top cut has been used on analyses.
(3) Intervals use a 0.2-gram-per-tonne gold cut-off 
value.

 

Mineralization was present in seven discrete zones, with the highest grades present within the top 81 m of the core (or 70 m from surface). Numerous instances of visible gold were observed between 63.2 m and 72.2 m and this is reflected in the extremely high gold grades determined by assaying. A reanalysis of the 329.92 g/t Au (10.6 ounces per ton Au) interval returned a grade of 361.48 g/t (11.6 ounces per ton Au). Gold enrichment caused surficial oxidation is unlikely, since unaltered bedrock was encountered at 31 m and the pyrite does not show signs of alteration. The 18 m at 20.69 g/t Au mineralized interval in OUDD01 appears to correlate with the 13 m at 1.98 g/t Au interval in OURC05.

Geological interpretation
Logging of chips from OURC004 and OURC005 suggested that mineralization was present within a granodiorite, at the contact between a granodiorite and metavolcaniclastics, and within the metavolcaniclastic unit. The preliminary interpretation was that mineralization was both controlled by the intrusion of the granodiorite, and later faults cutting the units. The field relationship of the mineralization to the host rock was not known, and the true thickness of mineralization could not be determined.

Logging of the diamond hole indicated that the mineralization is generally hosted within a thick intercalated sequence of volcaniclastic metasedimentary rocks that vary from coarse- to fine-grain size, which have been extensively deformed due to regional metamorphism. A weakly metamorphosed granodiorite is present at the top of the hole. Mineralization takes two forms: zones of silicified, pyrite-rich (5 to 8 per cent) metasedimentry rock generally conformable to foliation (60 to 65 degrees), and slightly lower-angle (40 to 45 degrees) discordant mineralization in thin (two to five centimetres) quartz-carbonate veins. This could indicate gold remobilization due to later structural events. Core measurements indicated that mineralization is dipping steeply to the southwest. This is in good agreement with the previously drilled RC holes, and also the recently interpreted ground geophysics (Compass news release dated March 26, 2019).

Three zones of low-grade gold mineralization are noted at depths greater than 102 m. In each case, the gold is associated with a chlorite-rich schist unit in the rock package that is sometimes cut by fragmented and discontinuous quartz-sulphide veins. This pyrite appears to be stratabound (occurring between layers), and probably represents primary gold mineralization. It is likely that the nine m at 0.23 g/t Au (from 102 m) interval correlates with a 16 m at 1.47 g/t Au (from 96 m) interval in OURC05. The presence of sulphide- and/or graphite-rich lithologies are indicated from the IP survey data, and structures (faults) and intrusions are interpreted from the ground magnetic survey data. These targets could host gold mineralization, and are the focus of a planned short drilling program.
Next steps

As noted in the company's news release dated Feb. 26, 2019, a 1,000 m RC drilling program will be initiated shortly at Farabakoura. The purpose of this program is to determine whether mineralization is present in the structures recently identified using detailed ground geophysics. These structures can be traced for up to 1,600 m and have geophysical signatures similar to areas where gold mineralization was encountered. Additional bedrock drilling will take place on the remaining targets on the Ouassada and Faraba-Coura permits once the permit-wide IP survey is completed and interpreted.

Field teams are continuing to perform sampling at nine artisanal gold sites on the Yanfolila South block, and assay results will be released once this program is complete. It is anticipated that limited bedrock drilling can take place on some of these workings prior to the beginning of the rainy season in late June.

About Compass Gold Corp.
Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX Venture Exchange. Through the recent acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso property. The exploration permits are situated at three sites in southern Mali with a combined landholding of 854 square km. The Sikasso property is located within the same region as several multimillion-ounce gold projects, including Morila, Syama, Kalana and Kodieran.
Qualified person
This news release has been reviewed and approved by Dr. Sandy Archibald, PGeo, Compass's technical director, who is the qualified person for the technical information in this news release under National Instrument 43-101 standards.
We seek Safe Harbor.

Inca One produces 2,434 oz Au in February

2019-03-04 08:36 ET - News Release

Mr. Edward Kelly reports
INCA ONE PRODUCES 2,434 OZ OF GOLD, A RECORD FOR THE MONTH OF FEBRUARY
Inca One Gold Corp. has provided consolidated gold production for February, 2019, from its Chala One plant and Koricancha plant. All comparative year-over-year ("YOY") production numbers relate only to Chala One in 2018. Production for 2019 is on a 100% basis and includes both Chala One and Kori One from August 21, 2018. Prior to August 21, 2018, production includes only Chala One.
The Company's gold production increased 167% YOY this past February 2019 to 2,434 ounces, compared to 910 ounces in February 2018. When compared to the prior month of January 2019, gold production increased 6% despite having three less calendar days to operate.
Material processed in February reached 4,520 tonnes, compared to 1,797 tonnes in February 2018, an increase of 152% YOY. Throughput in February averaged a combined 161 tonnes per day ("TPD"), up 3% from the previous month of January 2019.

February 2019 Operations
 
Year over Year    Feb. 2019   Feb. 2018   YOY
 
Deliveries     4,499 tonnes   2,066 tonnes   118%
Production     4,520 tonnes   1,797 tonnes   152%
Throughput:         161 tpd         64 tpd   152%
Gold Produced  2,434 ounces     910 ounces   167%

February's growth is not only attributable to the acquisition of Kori One, but also due to continued strong supply of gold bearing material to both Chala One and Kori One plants. This is notable as the rainy season continued well into the month of February.

Edward Kelly, President, and CEO commented, "February is in the books as our strongest February to date, despite battling the Peruvian rainy season. Having now entered the final quarter of fiscal 2019, thanks to our team's efforts, we look forward to continued growth in production, fueled by this past years' acquisition of the Kori One milling facility."
PDAC

Inca One would like to invite those who are attending this week's PDAC Conference from March 3-6, 2019 to visit the Company at the Metro Toronto Convention Centre, South Building, Level 800 at the Investor Exchange, Booth #3035 to meet and speak with senior management.

About Inca One
Inca One is a Canadian based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered, small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.
We seek Safe Harbor.

American Pacific closes $1.46-million financing

2019-03-01 07:52 ET - News Release

Mr. Warwick Smith reports

AMERICAN PACIFIC MINING ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT
American Pacific Mining Corp. has closed the previously announced non-brokered private placement. A total of C$1,460,200 million was raised through the issuance of 14,602,000 units at $0.10 per unit (the "Units"). For more details on the financing please see press releases dated January 25, 2019 and February 22, 2019 . "We are thrilled to close this financing and welcome our new shareholders to the company as we focus on advancing and adding value at the Tuscarora Gold Project this spring" commented Warwick Smith, CEO of APM.

Each unit will consist of one common share (the "Common Share") of the company and one-half of a warrant (the "Warrant"). Each whole warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.20 for a period of 12 months from the closing, subject to earlier expiry of the exercise period if, at any time after four months from closing, the closing price of the shares is greater than $0.25 for five or more consecutive trading days. A total of $35,364 plus 353,640 warrants was paid as finders' commission. All securities issued under the Offering are subject to a four-month hold period.

Warwick Smith, CEO and a director of the Company, subscribed for 250,000 Units through his company, Harbourside Consulting Corp. As a result, the private placement is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the "Issuer Not Listed on Specified Markets" and "Fair Market Value Not More Than $2,500,000" exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

About Us
American Pacific Mining Corp. is a gold explorer focused on precious metal opportunities in the Western United States. Tuscarora is a high-grade, early stage gold project located in a prime precious metal district in Nevada, only 35km northeast of the Carlin trend, 20km southwest of the Jerritt Canyon deposit, and 50km east-northeast of the Midas deposit. American Pacific is Eyeing a Gold Discovery amidst gold's next bull market.
We seek Safe Harbor.

Inca One produces 2,297 oz of gold in January 2019

 

VANCOUVER, Feb. 14, 2019 /CNW/ - INCA ONE GOLD CORP. (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce consolidated gold production for January 2019 from its Chala One Plant ("Chala One") and Koricancha Plant ("Kori One"). All comparative year over year ("YOY") production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100% basis and includes Kori One from August 21^st 2018.

The Company's gold production increased 178% YOY this past January 2019 as it reached 2,297 ounces as compared to 825 ounces in January 2018.
Material processed in January reached 4,878 tonnes, as compared to 1,492 tonnes in January 2018, an increase of  227% YOY. Throughput in December averaged a combined 157 tonnes per day ("TPD").
Deliveries in January totaled 4,499 tonnes, an increase of 287% YOY from January's 2018 total of 1,163 tonnes.

January 2019 Operations
Year over Year		2019	2018	YOY Variance
Deliveries:		4,499 tonnes	1,163 tonnes	287%
Production:		4,878 tonnes	1,492 tonnes	227%
Throughput:		157 tpd	48 tpd	227%
Gold Produced:		2,297 ounces	825 ounces	178%

Driving the Company's January growth was the addition of Kori One and organic growth of deliveries to Chala One which increased by 103% YOY. The improvements at Chala One are significant as the slowest production time of the year for the small-scale mining sector is during the first quarter due to the rainy season.
Edward Kelly, President, and CEO commented, "I am pleased the Company's operations continue to progress consistently as we realized increases across the spectrum from our yearly 2018 averages in terms of production, throughput and deliveries. We have entered calendar 2019 on a strong note and look forward to our most productive year yet."

Stock Option Grant
Pursuant to the Company's Stock Option Plan, the Board of Directors has authorized the granting of incentive stock options (the "Options") to directors and officers of the Company to acquire an aggregate of 2.2 million common shares of the Company at an exercise price of $0.05 per share.

About Inca One Inca One is a Canadian-based mineral processing company. The Company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually. The Company purchases its minerals from government-registered small-scale mining producers from various regions and processes it at its 100%-owned Chala One and 90%-owned Kori One milling facilities, located in Arequipa, Southern Peru.
On behalf of the Board,
Edward Kelly,
President and CEO
 
INCA ONE GOLD CORP.
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 NEWS RELEASE.

Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Inca One believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

View original content:http://www.prnewswire.com/news-releases/inca-one-produces-2-297-oz-of-gold-in-january-2019--300795527.html

SOURCE Inca One Gold Corp.

View original content: http://www.newswire.ca/en/releases/archive/February2019/14/c3971.html

Contact:
Konstantine Tsakumis, Inca One Gold Corp., Email: ktsakumis@incaone.com, Telephone: 604-568-4877

Max Resource finds Au conglomerate at Choco

2019-02-06 10:17 ET - News Release

Mr. Brett Matich reports
GOLD BEARING CONGLOMERATE DISCOVERY EXPANDS THE MINERALIZED ZONE
Max Resource Corp. has provided exploration results from the company's 1,757-square-kilometre gold-bearing conglomerate, Choco precious metals project, located 100 kilometres southwest of Medellin, Colombia.
Highlights

• Continuing exploration by the Choco team has located gold-bearing conglomerate, designated outcrop 2, a farther 7.5 kilometres to the south;
• The area the company's continuing exploration now covers 36 square kilometres;
• Processing of the gold-bearing conglomerate from the six two-metre-by-two-metre-by-30-centimetre trial pits and the two outcrops continues and results will be reported as received and verified;
• Field exploration continues, with the objective of increasing the lateral extent of the conglomerates and gold mineralization of the company's Choco Precious metals district area.

Brett Matich, Max's president and chief executive officer, commented: "The continuing exploration success suggests Max may well be on the cusp of a new gold discovery. The results of this exploration program will provide an indication of the scale of this project."
Exploration to date

• Sinking of six two-metre-by-two-metre-by-30-centimetre trial pits and sampling of two outcrop exposures over a 36-square-kilometre area;
• Processing 25-kilogram to 50-kilogram random samples from the plus 2,000 kilograms of conglomerate produced from each of the six test pits to confirm the presence of free gold;
• Processing 25 kilograms to 50 kilograms of chip samples from the two outcrop exposures to confirm the presence of free gold;
• Free gold was observed in the first sample from each of the first five trial pits;
• Confirmation of a vertical thickness of 12 metres from outcrop 1 in near the centre of the 36-square-kilometre area.

Exploration strategy
As shown in the above exploration strategy schematic, the company is working on an exploration model where the gold-bearing conglomerates have formed at the base of the western slopes of the mountains to the east.

The company considers systematic bulk sampling at surface to be the most practical means of determining grade, processing characteristics and the lateral extent of the flat-lying gold-bearing mineralized system. Sampling exposed faces of outcrops, providing initial assessment of thickness, depth and vertical continuity of the gold through the system. The six two-metre-by-two-metre-by-30-centimetre-deep trial pits are excavated from surface by pneumatic hammer. A measured specific gravity of 2.2 indicates plus 2,000 kilograms of hard rock conglomerate is collected from each pit. The continuing exploration in the central part of the mineralized area indicates a vertical thickness of 12 metres. Samples were taken down the face of the outcrop to determine gold distribution vertically through the conglomerate. Analytical results are pending.

Choco precious metals project
Max has 100-per-cent ownership of 82 and 50 per cent of seven mineral licence applications, totalling over 1,757 square kilometres, located within Choco department, approximately 100 kilometres southwest of the city of Medellin, Colombia. Compania Minera del Choco Pacifico produced 1.5 million ounces of surface gold and one million ounces of surface platinum from the Choco district between 1906 to 1990, largely limited to an average depth of eight metres or less.

Max's Choco precious metals project covers, or is adjacent to, much of Choco Pacific's historic exploration and production areas. Choco Pacific historic reports indicate the hard-rock conglomerates underlying the surface production areas are gold bearing, extensive, shallow and generally flat lying with thicknesses from a few metres to 20 metres.

Sampling and analysis methodology
Sampling integrity is essential. The conglomerate (hard rock) surface is cleaned and a two-metre-by-two-metre square is marked. A pneumatic hammer then chips and breaks the conglomerate outcrop to a depth of 30 centimetres. The broken conglomerate is collected in prenumbered rice bags, with approximately 25 kilograms per bag. Each prenumbered bag is sealed by the geologist and transported to secure, locked storage at the Novita camp, in Choco. Two bags per pit are then transported by company staff to the town of Istmina, where the bags are transported to Medellin for processing at Actlabs Medellin and the CIMEX Mineral Institute at the Medellin Mines Faculty of the National University of Colombia.

Each approximate 50-kilogram sample is first crushed to two millimetres. The minus-two-millimetre and plus-two-millimetre fractions are separated by sieving with each fraction subsequently pulverized. The minus-two-millimetre fractions are concentrated by gravity pan and visually examined for free gold by Max technical staff. There has been no analysis conducted on the plus-two-millimetre fraction.

Noble transaction
As previously announced (see Max's press release dated Jan. 28, 2019), Max continues to pursue the acquisition of mineral rights and concessions in and around the Novita project from Condoto Platinum Ltd., a wholly owned subsidiary of Noble Metals Ltd. Because Max proposes to issue 26,665,896 common shares to Noble Metals on the closing of this transaction (constituting approximately 32.7 per cent of the issued and outstanding shares of Max after adjusting for the transaction), the transaction would constitute Noble Metals as a new control person of Max and requires both TSX Venture Exchange and shareholder approval. Max has been working with the TSX-V in an effort to obtain conditional approval, while simultaneously adjusting the transaction structure to remediate concerns developed over the course of its due diligence. Max anticipates that it should be in a position to request shareholder approval in the near future. The transaction remains subject to TSX-V approval.

About Max Resource Corp.
Max's focus is to explore and consolidate gold and platinum group mineral assets in the richly endowed Choco mineral district of Colombia and to explore the Gachala sedimentary copper-hosted mineral belt of Colombia.
We seek Safe Harbor.

Inca One produces 22,050 oz Au in 2018

2019-01-22 06:03 ET 

Mr. Edward Kelly reports
INCA ONE PRODUCES A RECORD 22,050 OZ OF GOLD IN 2018
Inca One Gold Corp. has released consolidated gold production results for December, 2018, from its Chala One plant and its recently acquired Koricancha plant, and full-year 2018 production results. All comparative year over year (YOY) production numbers relate only to Chala One in 2017. Consolidated production in 2018 is on a 100-per-cent basis and includes Kori One for the period of Aug. 21 to Dec. 31.

December, 2018, production results
The company's gold production this past December, 2018, reached a new all-time monthly high of 3,436 ounces as compared with 753 ounces in December, 2017, an increase of 356 per cent year over year.

Material processed in December also reached a new all-time monthly high, as the combined plants handled 6,581 tonnes of gold-bearing material, an increase of 321 per cent year over year. Throughput in December averaged a combined 212 tonnes per day (tpd).
Deliveries in December also reached a new all-time high in a month, totalling 6,111 tonnes, an increase of 293 per cent year over year and consistent with the 6,012 tonnes delivered the previous month of November, 2018.

Review of 2018 production highlights
Gross sales were approximately $26.4-million (U.S.), up from $13.0-million (U.S.) in 2017, an increase of 103 per cent year over year. During 2018 Inca One had deliveries to both plants of 45,527 tonnes, up from 22,921 tonnes in 2017, an increase of 99 per cent. Consolidated production increased as both plants processed 45,482 tonnes of material in this year, up from 21,313 tonnes in 2017, an increase of 113 per cent. Gold production for the year reached 22,050 ounces, up from 9,926 ounces produced in 2017, representing a 122-per-cent increase.

                CONSOLIDATED OPERATIONS           
              
Year-over-year results            2018           2017

Deliveries (tonnes)             45,527         22,921
Production (tonnes)             45,482         21,313
Throughput (tonnes)            125 tpd         58 tpd
Gold produced (ounces)          22,050          9,926
  

The most significant milestone achieved in 2018 was the company's purchase of a second processing plant, the Koricancha ore processing facility in Peru. It instantly increased Inca One's permitted operating capacity to 450 tpd from 100 tpd. The acquisition immediately doubled throughput and diversified the company's operating platform, adding over 200 tpd of available throughput. Additionally, the transaction added economies of scale opportunities allowing for centralized purchasing, crushing, desorption and smelting activities. Full integration of Kori One with Chala One continued through to the end of the year with a specific emphasis on improving Kori One's cost-efficiency and optimizing operating synergies between the two facilities.
Chala One summary
Deliveries, processing and gold production consistently grew on a month-over-month and year-over-year (YOY) basis, highlighted in June, 2018, as Chala reached full production over the quarter. Deliveries averaged approximately 2,700 tonnes per month an increase of 41 per cent, YOY processing averaged 2,600 tonnes per month, an increase of 47 per cent YOY and gold production averaged 1,336 ounces per month, an increase of 61 per cent YOY.

                   CHALA ONE OPERATIONS    
                                
Year over year (full year)               2018              2017

Deliveries                             32,379            22,921
Production                             31,230            21,313
Throughput                          85.48 tpd         58.34 tpd
Gold produced                          16,026             9,926

Edward Kelly, president, and chief executive officer, commented: "Two thousand eighteen was a transformational year for Inca One highlighted by production records, operational profitability and a major acquisition. In our fourth and most productive year of commercial operations, we focused on growth while maintaining a vigilant eye on costs. Inca One was able to validate its business model and align its objectives to become a leading commercial gold processor in Peru."
Looking ahead to 2019, the company anticipates further production growth given the available capacity. The purchase of a second processing facility was aligned with Inca One's growth objectives and allows for immediate scaling the production profile. Inca One intends to build a significant cash flowing business that will benefit our shareholders in the future.
About Inca One Gold Corp.
Inca One is a Canada-based mineral processing company. The company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. The company purchases its minerals from government-registered small-scale mining producers from various regions and processes them at its 100-per-cent-owned Chala One and 90-per-cent-owned Kori One milling facilities located in Arequipa, southern Peru.
We seek Safe Harbor.

Record Gold Production Continues

Inca One Gold produces 2,693 oz Au in October

2018-11-22 08:48 ET - News Release

Mr. Konstantine Tsakumis reports
INCA ONE GOLD PRODUCES 2,693 OUNCES OF GOLD IN OCTOBER 2018

Inca One Gold Corp. has provided the consolidated gold production for October, 2018, from its Chala One plant and its recently acquired Koricancha plant. All comparative year-over-year (YOY) production numbers relate only to Chala One in 2017. Consolidated production in 2018 is on a 100-per-cent basis.

Gold production reached 2,693 ounces as compared with 1,104 ounces in October, 2017, an increase of 144 per cent YOY. Material processed this October also increased on a YOY basis as the combined plants processed 5,467 tonnes of gold-bearing material, an increase of 176 per cent. Throughput in October averaged a combined 176 tonnes per day (TPD).

Deliveries to both plants were steady in October, totalling 5,808 tonnes, an increase of 206 per cent YOY and consistent with the 5,838 tonnes delivered the previous month of September, 2018. Edward Kelly, president and chief executive officer, said: "Year-over-year results continue to be positive as we continue to hit solid production numbers heading into the final months of the year. Inca One is on track to have its most productive year since we first entered commercial production in 2015."

About Inca One Gold Corp.
Inca One is a Canadian-based mineral processing company. The company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the sixth-largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately $3-billion (U.S.) annually. The company purchases its minerals from government registered small-scale mining producers from various regions and processes it at its 100-per-cent-owned Chala One and 90-per-cent-owned Kori One milling facilities located in Arequipa, southern Peru.

We seek Safe Harbor.

Int'l Battery completes phase 2 engineering study

2018-11-06 11:04 ET - News Release

Dr. John Burba reports

INTERNATIONAL BATTERY METALS ANNOUNCES COMPLETION OF PHASE 2 ENGINEERING ON ITS MOBILE EXTRACTION SYSTEM
International Battery Metals Ltd. has completed its phase 2 engineering study, design and cost analysis.

Upon receipt of the phase 2 engineering report, Dr. John Burba, chief executive officer of International Battery, stated: "We are very pleased with the work product that our engineering partner, Impact Engineering, has presented to us. The work was timely and thorough. Furthermore, we believe that their engineering refinements to our design will create additional value to IBAT and the industry."

Based on this engineering report, International Battery is on track to placing its first extraction system in operation next year. This system will provide enough capacity to produce commercial quantities of high-purity 40 per cent lithium chloride (LiCl) and provide significant environmental advantages:

1. Unlike evaporative processes that can damage sensitive salars, such as those found in South America, International Battery's process does not evaporate water from the brine. Instead, it extracts lithium from the brine and returns it back to the resource. This maintains the resource water balance and protects delicate ecosystems.
   1. International Battery's process does not utilize any solvents or foreign chemicals that will alter the brine chemistry. This feature is important to the protection of resource ecology. Returning brine to the resource could be questionable if the return brine is contaminated with organic solvents or other chemicals that are not native to the ecosystem.
2. International Battery's process is designed to recycle approximately 95 per cent of its process water. International Battery's water recovery system will be particularly important in desert areas such as South American salars, and areas where potable ground water is in short supply.

About International Battery Metals Ltd.
International Battery Metals is an advanced technology company focused on lithium brine extraction. The company is in the process of creating and applying intellectual property related to lithium extraction from oil field brines for petro-lithium extraction projects. International Battery Metals' unique extraction process is environmentally friendly and low cost and has the potential to produce high-quality, commercial grade lithium at a much faster rate than the current industry standards.
We seek Safe Harbor.

Inca One Gold produces 3,032 ounces Au in September

2018-10-16 10:26 ET - News Release

Mr. Edward Kelly reports
INCA ONE GOLD PRODUCES A RECORD 3,032 OUNCES OF GOLD IN SEPTEMBER 2018
Inca One Gold Corp. had consolidated gold production for September, 2018, from its Chala One plant and its recently acquired Koricancha plant (Kori One). All comparative production numbers relate only to Chala One.

Gold production reached 3,032 ounces as compared with 889 ounces in September, 2017, an increase of 241 per cent year over year and an increase of 100 per cent from the prior month of August, 2018 (1,513 ounces). Material processed this September also increased on a year-over-year basis as the combined plants processed 5,976 tonnes of gold-bearing material, an increase of 304 per cent year over year and an increase of 89 per cent from the prior month of August, 2018 (3,170 tonnes). Throughput in September averaged a combined 199 tonnes per day.

In the company's first full month of stewardship at Kori One, initial production numbers were pleasing. The company immediately identified cost-reduction opportunities as redundancies in administration, overhead and staffing were addressed. Additional cost savings and synergies are being evaluated and are expected to be implemented accordingly.

Edward Kelly, president and chief executive officer, said: "We are extremely pleased to report, for the first time, the consolidated production numbers from our two processing plants. These figures will provide a new baseline for comparative purposes as we begin to scale our business. The synergies of having two highly optimized and integrated plants situated close to each other have already allowed for substantial efficiencies and cost savings. We have immediately doubled our output, are operating at a robust 200 tonnes per day and have excess capacity of an additional 250 tonnes per day available to us. This should translate to significant and continued positive cash flows as we scale up over the next few quarters."

About Inca One Gold Corp.
Inca One is a Canadian-based mineral processing company. The company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. The company purchases its minerals from government-registered small-scale mining producers from various regions and processes it at its Chala One and Kori One milling facilities located in Arequipa, southern Peru.
We seek Safe Harbor.

Kalytera files for U.S. patents for new CBD compound

2018-09-27 09:37 ET - News Release

Mr. Robert Farrell reports
KALYTERA ANNOUNCES PROGRESS WITH CANNABINOID-BASED COMPOUND FOR TREATMENT OF ACUTE AND CHRONIC PAIN
Kalytera Therapeutics Inc. has taken a major step forward in its program to develop the first cannabinoid-derived pain treatment targeting activation of alpha 3 glycine receptors.
When activated, the alpha 3 glycine receptor strongly blocks pain signals from being sent to the brain. Kalytera, and its research partner, Beetlebung Pharma Ltd. ("BPL"), have carried out a medicinal chemistry program to identify a novel analogue of cannabidiol ("CBD") that will block such pain signals via the activation of the alpha 3 glycine receptor channel in the spinal cord. To date, no company has introduced into the market an agent specifically targeting this receptor.
Through a series of manipulations of the structure of CBD, a new compound has been invented. This new compound is 40-fold more potent than desoxy-CBD, which is the prototypic alpha 3 glycine receptor agonist. The new compound activates only the alpha 3 glycine receptor and has no effect on a closely related protein, known as the alpha1 glycine receptor, which may produce unwanted symptoms of muscle weakness. Based on these findings, Kalytera believes that this novel molecule constitutes the first completely selective alpha 3 glycine receptor agonist that can potently activate this critical analgesic pathway without producing complications via the alpha1 glycine receptor pathway.

The high potency of the compound and its total selectivity justify its advancement to human clinical testing as a potential substitute for opioids in the treatment of severe pain. Kalytera is now preparing to evaluate the compound in various animal models in order to select the optimal pain setting in which to conduct human clinical testing. Patents for this compound have been filed in the U.S. and other jurisdictions, and Kalytera has obtained an exclusive, worldwide license for this compound from BPL. BPL is an Israeli-based pharmaceutical discovery company focused on cannabinoid-based therapeutics for the treatment of human disease.

"The objective of our program is to develop a potent, non-psychotropic, oral analgesic for intractable pain that will be safe and well tolerated. The cannabinoid compound that has been invented has the potential to achieve these goals, and become a next generation pain medication," stated Robert Farrell, President and CEO of Kalytera. "This novel compound may provide effective pain reduction, without the risks of addiction or respiratory suppression that exist with opioid analgesics. We have also found a way to make this compound water soluble, which will allow for treatment of acute pain in in-patient settings, such as childbirth, short surgical procedures, and post-operative pain care."
The commercial opportunity for Kalytera's cannabinoid compound for treatment of pain is large. According to a 2016 report by Transparency Market Research, the global pain management therapeutics market is projected to reach USD $83 billion by 2024. Current treatments for pain mainly include non-steroidal anti-inflammatory drugs ("NSAIDs"), such as naproxen, for mild to moderate pain, and opioids, such as morphine, for moderate to severe and chronic pain. Kalytera believes that its product will be suitable for mild to severe pain, without the risks of respiratory suppression and dependence associated with opioid analgesics.

"The cannabinoid compound that Kalytera is developing is designed to block pain by a dual action," said Queensland Brain Institute Professor Joseph Lynch, Ph.D., a world authority on the biology of pain. "First, their cannabinoid triggers the activation of the alpha 3 glycine receptor. When activated, the alpha 3 glycine receptor strongly blocks pain signals from being sent to the brain. Second, Kalytera has engineered its compound to insure the alpha 3 glycine receptor is activated by a second mechanism. This is achieved by attaching naproxen to the cannabinoid in a manner that allows it to detach in the spinal cord and block the synthesis of the pain-inducing prostaglandin molecule PGE2. The combination of naproxen with the cannabinoid is crucial because PGE2 is known to shut down the alpha 3 glycine receptor pathway. By combining both molecules into a single drug, Kalytera has designed a next generation pain medication that should be able to maximize the activation of the alpha 3 glycine receptor pathway for treatment of intractable pain."

About Kalytera Therapeutics
Kalytera Therapeutics, Inc. ("Kalytera") is pioneering the development of a next generation of cannabinoid therapeutics. Through its proven leadership, drug development expertise, and intellectual property portfolio, Kalytera seeks to establish a leading position in the development of novel cannabinoid medicines for a range of important unmet medical needs, with an initial focus on graft versus host disease and the treatment of acute and chronic pain.
We seek Safe Harbor.