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MGX Minerals Retains ChemCognition LLC to Provide Lithium Marketing and Product Development Services

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MGX Minerals Retains ChemCognition LLC to Provide Lithium Marketing and Product Development Services

VANCOUVER, BRITISH COLUMBIA – June 29, 2016 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG /FKT:1MG) is pleased to announce the Company has retained ChemCognition LLC (“ChemCo”) of Huntersville, North Carolina to provide strategic marketing and product development services for MGX’s Alberta lithium properties.

Chemco is spearheaded by Mr. Claudio Manissero who holds over 40 years of global experience in the chemical industry, including significant involvement in the mining, environmental and oilfield industries. Mr. Manissero also spent 21 years at FMC Corporation (“FMC”), where he served as Sales and Marketing Manager. FMC is the second largest producer of lithium globally and the only mine-to-metal producer of lithium in the world.

While at FMC Mr. Manissero oversaw the market development, technical logistics and sales efforts of a wide range of lithium based products. He also directed a technical team on new technology developments that resulted in a number of patents and government and industry approvals. Mr. Manissero obtained a B.S. Degree from Duke University and a M.S. Degree in Organic Chemistry/Biochemistry from Marshall University.

Mr. Manissero is currently the President and co-founder of ChemCo, a private consulting firm designed to provide innovative and sustainable solutions for lithium-based technologies. ChemCo also provides access to a synergized network of specialized firms and manufacturers within the industry.

About MGX Minerals
MGX Minerals (CSE: XMG) is a diversified Canadian mining company engaged in the acquisition and development of industrial mineral deposits in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta, including the Driftwood magnesium project. MGX has recently received approval of a 20 year mining lease for Driftwood and bulk sampling is currently underway.

For more information please visit the Company’s website at www.mgxminerals.com.

Contact Information
Jared Lazerson
Chief Executive Officer
Telephone: 604.681.7735
Email: jared@mgxminerals.com

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

Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company’s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company’s profile on SEDAR at www.sedar.com.

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

GOLDCORP’S McPherson joins MX Gold as President and COO

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  • Mine Manager of Goldcorp’s Peñasquito Mine (2nd largest mine in Mexico), having 1400 employees reporting to him
  • Former VP/GM of Kinross’ Tasiat Mine in Mauritania
  • Mine Manager of Barrick Gold’s Alto Chicama Project in Peru

Vancouver, B.C. – MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: DTVMF) (the “Company” or “MX Gold”) is pleased to announce that Hugh (Bert) McPherson has joined the Company as President and Chief Operating Officer in charge of all operations at the Company’s Max and Willa mining and milling operation located in the Kootenay region of British Columbia.  Along with the responsibility of managing the operations, Mr. McPherson will be involved in the evaluation and acquisition of future projects.

Mr. McPherson stated, “After months of project due-diligence and a site visit, I am excited to join the team and advance the Willa Property to the next level.  I will look forward to developing safe and efficient mining programs along with a first class production team.”

Bert McPherson is a Sr. Mining Engineer and has 37 years’ experience in managing projects for major mining companies.  Bert holds a B.Sc. Applied Science in Mine Engineering from Queen’s University and is a Registered Professional Engineer in the province of British Columbia.  He has successfully added value to mine management teams worldwide, focusing on the implementation of industry leading mine management standards, safety awareness, team building, assembly, mentoring and the development of functional mine management operations.

Bert McPherson has most recently been the Mine Manager of Goldcorp’s Peñasquito Mine in Mexico having over 1400 employees directly reporting to his office.  The Peñasquito mine is Mexico’s second largest mine and it’s largest gold producer.  In 2015, The Peñasquito Mine delivered record gold production of 860,300 ounces and record silver production of 25,926,600 ounces.  A total gold equivalent production figure, including by-product metals, was 1,688,600 ounces of gold.

Previously, Bert held the following positions with the following projects: Vice President & General Manager for Kinross Gold Corporation at theTasiast mine, in Mauritania; Mine Manager at Barrick Gold Corporation’s Pierina Mine, in Huaraz, Peru; Mine Manager of Barrick Gold’s Alto Chicama project in northern Peru; Chief operating officer for Starcore International Mines, San Martin Mine in Mexico; Mine manager at XStrata Copper’s Alumbrera Mine in northern Argentina; and Project/Mine Manager, Morrison Knudson Venezuela at their Carbones de la Guajira coal mine in Venezuela.  Mr. McPherson has also provided Mine Management Consultation services to several other mining projects worldwide under HC McPherson Consulting Inc.
“After a two-year search for a President and COO with the skill set to advance the Willa/Max project, we are very excited to have Bert join MX Gold Corp.,” said Akash Patel, “…and we are looking forward to many years of strong growth with Bert leading our operations.”

After a number of years of service with MX Gold, Akash Patel has stepped down as President and has been appointed as Vice President, Corporate Affairs.  Mr. Patel will maintain his position on the board of directors.  The Company wishes to thank Mr. Patel for his work as President of MX Gold in the development of the Willa/Max project.

Mr. McPherson was appointed President and Chief Operating Officer on June 27, 2016.  Effective September 1, 2016, the Company has agreed to pay Mr. McPherson a base salary of $180,000 per year.  The Company has also agreed to grant him 1,000,000 stock options at the exercise price of $0.25 per share with 250,000 options vesting on each of the following dates: December 1, 2016, June 1, 2017, December 1, 2017 and June 1, 2018.  In addition to the base salary, the Company has agreed to pay Mr. McPherson $100,000 on or before February 28, 2017 to reimburse Mr. McPherson for certain costs incurred by him as a result of his new appointment.  Lastly, the Company has agreed to vest any outstanding stock options and pay Mr. McPherson an amount equal to two times his base salary in the event there is a change of control of the Company.

About MX Gold Corp.

MX Gold Corp is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, BC.  In 2015, MX Gold owns 100% of the Willa Project and the Max Molybdenum Mine and Mill Complex.  The Max is a fully permitted 1000 ton per day mill and tailings facility, with major federal and provincial permits in place.  The Willa mine is located 135 kilometers south of the Max Mill.

 

On behalf of the Board of Directors,

“Akash Patel”

For further information, please contact

SkanderBeg Capital Advisors
604-687-7130
Ext 104 or Ext105

Dan Omeniuk
Phone: 204-697-7740
Email: dano@trapperstransport.com

Ron Birch
Phone: 250-545-0383
Toll Free: 1-800-910-7711
Fax: 604-926-4232

 

For further information, please contact Ron Birch: 250-545-0383 or by email at info@mxgoldcorp.com

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

 

This press release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of MX Gold Corp, such as statements regarding the terms of the debt settlement. There are numerous risks and uncertainties that could cause actual results and MX Gold’s plans and objectives to differ materially from those expressed in the forward-looking information, including approval from the TSX Venture Exchange. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Discovery does not intend to update these forward-looking statements.

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Why gold may hit $1,500 by year’s end—and it’s not just about Brexit

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Why gold may hit $1,500 by year’s end—and it’s not just about Brexit
By

Published: June 26, 2016 4:22 p.m. ET

Gold’s impressive rally Friday offered a taste of what may be in store for the precious metal, as some analysts say it’s just a matter of time before prices top $1,500 or even $1,900 an ounce.

Futures prices for the metal  soared by as much as $100 an ounce on an intraday basis Friday as the United Kingdom’s historic vote to leave the European Union sent investors scrambling for a safer place to park their money.

But the decision, known as Brexit, has vast implications for global financial markets, economies and currencies as well as for monetary policies among the world’s major central banks. That means gold could soon have many more reasons to rally.

“The market’s fearful reaction has made Brexit the most stressful event investors have seen since the Lehman Brothers bankruptcy in September 2008,” said David Beahm, chief executive of Blanchard and Co. “This is a major negative for global markets, and gold is positioned for long-term price growth because of … the Brexit vote and other negative global financial conditions.”

While the outcome of the U.K.’s historical referendum roiled stock markets around the world and European stocks posted their worst daily drop in nearly eight years on Friday, gold benefited from its perceived safety in financial crises.

‘All arguments against holding gold have now been crushed.’
Ned Schmidt, Value View Gold Report

On Friday, August gold surged $59.30, or 4.7%, to settle at $1,322.40 an ounce, logging the highest most-active futures settlement since July 2014.

“Brexit is a once-in-a-lifetime event,” said Ned Schmidt, editor of the Value View Gold Report. “All arguments against holding gold have now been crushed.”

He expects gold to continue its climb, and head to $1,400 an ounce, with prices eventually topping $1,900 next year.

And with other EU nations potentially following the U.K.’s lead, the situation in Europe is set to get worse, said Naeem Aslam, chief market analyst at ThinkForex.

Given that, Aslam sees gold “easily touching” $1,500 by the end of this year.

Currency devaluation
But expectations for more rallies in gold aren’t just borne from the Brexit news. What happens in other markets, including equities and currencies, will impact gold’s outlook more directly.

Brexit is “a global monetary event, with destructive effects in individual economies,” said Brien Lundin, editor of Gold Newsletter.

‘If everyone is trying to depreciate their currency, including the U.S., what can they depreciate it against?’
Brien Lundin, Gold Newsletter

“The standard central-bank prescription is to ease, to depreciate their currency,” he said. “But if everyone is trying to depreciate their currency, including the U.S., what can they depreciate it against?”

“Only gold will stand tall during the turmoil. And over the long term, it won’t because it’s supposed to be a ‘safe haven’, but because it’s the only safeguard against fiat currency depreciation,” said Lundin.

On Friday, the British pound saw its largest-ever one-day drop against the U.S. dollar and fell to its weakest level versus the greenback since 1985. The euro also tanked compared with the dollar, while the Japanese yen which is seen as a haven asset, climbed to its strongest level versus the dollar in more than 3½ years.

There is “no reason” for gold to rise on such as event as Brexit itself, said Lundin. Such “geopolitical flashpoints” are short lived.”

Instead, sustained gains for gold are “based upon currency debasement almost exclusively,” he said.

Recession risks and central banks
Following the U.K.’s shocking news, central banks around the world, including the Bank of England and U.S. Federal Reserve, have promised to provide more liquidity in the markets when needed.

“This is the biggest risk to markets right now—a possible lack of liquidity like we got during the Lehman crisis,” said Chris Gaffney, president of EverBank World Markets.

The U.K. vote outcome will “definitely make it very difficult for the [Federal Open Market Committee] to raise [interest] rates this year,” he said. In fact, the CME Group 30-Day Fed Fund futures are “currently giving better changes of a rate cut in the U.S. than a rate hike.”

Higher interest rates lift the appeal of holding dollars. That also means that a stronger dollar cuts the worth of holding non-yielding gold that’s priced in this denomination. Lower interest rates tend to have an opposite effect.

Gaffney said there’s speculation surrounding a rate cut in the U.K., and the European Central Bank could “flirt” with moving rates even further into negative territory.

“Lower [rates] for longer is what we continue to expect. The global economy is going to face lower growth prospects and rates are therefore going to be kept lower for longer,” he said.

Blanchard and Co.’s Beahm pointed out that central banks have “little ammunition left to fight” a possible economic recession. “They will have to turn to other extraordinary means to keep markets calm and provide necessary liquidity to keep the financial system from stalling,” he said.

All in all, that spells out further gains for gold.

The metal’s $100 trading range on Friday following Brexit wasn’t unprecedented, but it was “dramatic,” said Adrian Ash, head of research at BullionVault. He noted that prices made a similar sized one-day move in April 2013, when prices plunged on the back of big declines in gold holdings in exchange-traded funds.

And “the uncertainty has only begun—not least about what now happens to the broader European and especially eurozone projects,” said Ash.

“It’s all just a taste of the volatility which gold and other markets could see in November” during the U.S. presidential election, he said.

This story was first published on June 24, 2016.

Full Article: http://www.marketwatch.com/story/why-gold-may-hit-1500-by-years-endand-its-not-just-about-brexit-2016-06-24

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Gold races to 2-year high as investors seek refuge from Brexit

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Gold races to 2-year high as investors seek refuge from Brexit

full article: http://www.cnbc.com/2016/06/23/gold-up-1-on-uk-referendum-nerves-after-leave-has-early-lead.html

Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, sending investors scurrying for protection in bullion and other assets perceived as lower risk.

In sterling terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than three years, rallying as much as 21 percent in early trade, while euro-priced gold rose as much as 13 percent.

Spot gold peaked at $1,358.20 per ounce and was up 4.76 percent at $1,315 an ounce, while U.S. gold futures for August delivery were up $56.70 an ounce at $1,319.80 off an early high of $1,362.60 an ounce.

Shares of gold mining companies also rocketed higher, with a fund tracking the industry opening nearly 8 percent higher.

“(Brexit) benefits gold because in a general risk-off mode, it’s a natural safe haven for everybody,” Marie Owens Thomsen, chief economist at Indosuez Wealth Management, said.

“Now that the UK has voted to leave, we think there’s a higher probability that the $1,350-1,360 per ounce level can be breached, and we’re therefore looking for an extended target in the $1,400s.”

Gold priced in sterling was last at 965.80 pounds an ounce, up 14.5 percent, having peaked at 1,019.03 pounds overnight. Euro-denominated gold was up 9.5 percent at 1,195.20 euros an ounce, off a high of 1,244.34 euros.

Gold dealers in London reported surging demand for coins and bars among retail investors on Friday, with some saying stocks were tight.

Britain’s vote to leave the European Union forced the resignation of Prime Minister David Cameron and dealt the biggest blow to the European project of greater unity since World War Two.

World stocks headed for one the biggest slumps on record as the vote triggered 8 percent falls for Europe’s biggest bourses and a record plunge for sterling.

The single currency was under pressure as investors worried that the Brexit vote could encourage similar movements in other European countries.

U.S. short-term interest rates futures hit contract highs in early U.S. trading, boosting expectations the Federal Reserve may cut interest rates to help shield the economy from any global fallout.

“This isn’t necessarily about Britain, it’s about uncertainty in the world’s largest economy,” Amanda van Dyke, fund manager at Peterhouse Asset Management, said.

“The general commentators are suggesting that the Fed is no longer going to raise rates because the dollar is soaring, and they can no longer afford for the dollar to keep going as fast as it is.”

“Realistically, the ability of the European market to speak with a common voice I think has been permanently severed, and that’s going to be a solid 5 percent (price increase) in gold for at least the next couple of years.”

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

CMC Metals Appoints Ian Graham as Chief Operating Officer

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Vancouver, B.C.: CMC Metals Ltd. (the “Company”) wishes to announce that Ian Graham has been appointed the position of Chief Operating Officer and has agreed to join the Board of Directors at the upcoming Annual General Meeting set for July 7, 2016. Mr. Graham will oversee operations in California, USA and will focus on commencing operations at the Radcliff Gold Mine and Bishop Mill. Mr. Graham has already been down to the Bishop Mill and the Radcliff property on two occasions over the past 45 days. The Company holds a 100% interest in the Bishop Mill and owns a 50% interest in the World Beater Property and Radcliff Gold Mine.

Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American. Formerly Chief Geologist with the Project Generation Group at Rio Tinto located in Vancouver, BC, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American. Ian graduated from the University of Natal (now Kwa-Zulu Natal) in Durban, South Africa with a B.Sc. in Geology and Applied Geology (1984) and B.Sc. (Hons) in Geology (1985).

Jack Bal, CEO of the Company states “We are very happy to have Ian Graham as part of our team. Ian brings a high level of experience in mine commissioning and project implementation.”

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

“Jack Bal”
Jack Bal, President & CEO
CMC METALS LTD.

For further information on the Company, please contact Mr. Jack Bal, CEO, Telephone: 604-306-5285 jackbalyvr@gmail.com.

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

“This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation”

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

Forward Looking Statements
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward looking statements are usually identified by our use of certain terminology, including “will”, “believes”, “may”, “expects”, “should”, “seeks”, “anticipates”, “has potential to”, or “intends’ or by discussions of strategy, forward looking numbers or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts, and include but are not limited to, estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model; future operations, products and services; the impact of regulatory initiatives on the Company’s operations; the size of and opportunities related to the market for the Company’s products; general industry and macroeconomic growth rates; expectations related to possible joint and/or strategic ventures and statements regarding future performance. Junior Gold Report does not take responsibility for accuracy of forward looking statements and advises the reader to perform own due diligence on forward looking numbers or statements.

Everything You Need to Know About Today’s BREXIT Vote

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Everything You Need to Know About Today’s BREXIT Vote

Starting at 600 GMT, and continuing through 2100 GMT when polls close, Britain is conducting a historic referendum on whether to stay in the European Union on Thursday. While results from each of the 382 counting areas will be released overnight and into the morning, the market already appears to have made up its mind what will happen. Sitll, for those who have yet to vote, and everyone else following along,here are the full details of how today’s vote will take place and what to watch for:

From Tyler Durden (http://www.silverdoctors.com/headlines/world-news/everything-you-need-to-know-about-todays-brexit-vote/#more-68920):

WHEN WILL RESULTS COME?

  • Votes will be counted by hand, starting as soon as polls close at 2100 GMT.
  • Each of 382 local counting areas will tally the number of ballot papers cast and announce local turnout figures (including spoiled ballots and postal votes) in each of the areas. The Electoral Commission has estimated that most turnout announcements at counting-area level will come between 2230 on June 23 and 0130 on June 24. The last turnout figure is expected at around 0400.
  • Each area will count the votes and announce totals for REMAIN and LEAVE. The majority of counting areas are expected to declare between around 0100 and 0300 on June 24. The last declaration is expected around 0600.
  • Local totals will be collated into totals for 12 regions, and then a final, national, result. The final result will be announced in Manchester by Jenny Watson, Chief Counting Officer.

 

WHEN CAN PEOPLE VOTE?

  • Polling stations open at 0600 on June 23 and close at 2100.

ARE ALL THE COUNTING AREAS THE SAME?

  • No. The counting areas, based along the lines of local government authorities, vary widely in population. The biggest counting areas are Birmingham, Leeds and Northern Ireland.
  • The Birmingham area has around 700,000 eligible voters while the City of London counting area, comprising the central financial district of the capital, has just 7,000 eligible voters. The smallest counting area is the Isles of Scilly which has about 1,700 voters.
  • Estimated time of declarations in the bigger areas: Northern Ireland around 0030, Birmingham around 0330, Leeds around 0400, Glasgow around 0400, Sheffield around 0330, Cornwall around 0230-0300, Bradford around 0200, Durham around 0130, Manchester around 0400 and Edinburgh around 0300-0400).
  • London’s counting areas are along the lines of the city’s 32 boroughs.

 

WHAT TO WATCH FOR

  1. Turnout could be key to the result but only partial figures will be available initially. Turnout at last year’s British parliamentary election was 66 percent. Turnout well below this is likely to favour Leave as those who back Brexit are considered more likely to vote, according to campaigners on both sides.
  2. First results: Sunderland, likely to be one of the first results to declare (2330), has a large number of older, lower income voters who polls show are more likely to back Brexit. If Leave are not strongly ahead here it may indicate they will struggle to break through in areas less favourable to Brexit.
  3. Geography: Leave is expected to do well in eastern England, so close results in some of the most eurosceptic areas such as Southend-on-Sea (0200) and Castle Point (0130) could give an indication the national vote has swung towards Remain.
  4. Labour voters: Opposition Labour Party supporters are considered key to securing a Remain vote so the results of traditional Labour strongholds such as the north of England and south Wales, where backing for the anti-EU UK Independence Party has risen, will be closely watched.
    Early declarations in such areas include Oldham (0000) and Salford (0030) in northern England and Merthyr Tydfil (0030) in Wales.
  5. Scotland: Scotland is considered to be pro-EU, so any close early results from Scotland such as Stirling (0030) could indicate trouble for the Remain camp.
  6. Swing seats: Nuneaton (0100) is considered a bellwether seat in parliamentary elections so will be watched to see if Prime Minister David Cameron has managed to get swing voters who last year backed his Conservatives to turn out for Remain.
  7. Count chronology: Some research has indicated Remain could be well ahead at first and that from around 0300-0400 the Brexit count is less likely to deviate from the end results. Others, as the Open Europe think tank, have suggested that by about 0330 most of strongest Leave areas will have declared so if Leave do not hold the lead or even if it is very close, it may bode badly for them. Ron Johnston, a professor of geography at the University of Bristol who has researched the counting areas and modelled how the vote could unfold, said the big picture was that the figures could flip around until about 0300.TURNOUTDB writes: “the number of voters in each area is compiled before counting. So we should get an idea on turnout before the first results (perhaps due at around 0030 Friday – see below). The UK Electoral Commission has estimated that most will come through between 2330-0230. DB’s George Buckley has argued that the ‘leave’ vote appears more passionate and is likely to be more incentivized to vote. A low turnout number could therefore favour them. The last General Election (May 2015) saw a 66% turnout but the Scottish referendum saw 85%. The 1975 EEC UK referendum saw just under 65%. It’s impossible to work out at what number the pendulum shifts in favour of ‘remain’ (if indeed it does) but maybe last year’s General Election is a baseline figure. Given the phenomenal media interest, on balance I’d be surprised if it wasn’t higher. As George Buckley reminded me yesterday, in 1975 we’d only been a member of the EEC for a couple of years so surely this is a more momentous vote with more at stake either way?”

RESULTS

The first results are expected around 0030 BST (Sunderland first perhaps) with 50% likely available by 0400 and 80% by 0500. The chart below shows the likely cumulative % declaration by time.

In terms of interpreting the results DB’s Jack Di-Lizia has produced an interesting graph showing the likely declaration results timings against level of euroscepticism in that area.

The lower this number the greater the level of euroscepticism. This index was compiled using Sky who ranked each area of the country. As a word of warning this was done in March before the recent swing towards ‘leave’ and the regions may not exactly map the count areas. However as can be seen from the moving average, the initial results may favour eurosceptic areas before it becomes more random as we approach 0200. YouGov has also issued numbers for eurosceptism and DB’s George Buckley has compiled a list of areas that report before 0300 and show similar numbers for Sky and YouGov (to confirm the trend). He sees these as interesting ones to watch.

The largest areas will by definition take longer to count (0300-0600 BST) and the chart below highlights the largest, when they report, the size and share of overall electorate and the level of eurosceptism.

 

WILL THERE BE AN EXIT POLL?

  • There are no plans by broadcasters for an exit poll as the margin of error is deemed too large, but there have been reports that some hedge funds may have commissioned private polls which could affect markets.
  • Details of a telephone poll conducted before the voting by Ipsos MORI for the Evening Standard newspaper are expected to be published during the day. The findings of a YouGov poll, based on interviews conducted online on Thursday, are due to be announced by Sky News after the close of voting at 2100.

 

THE QUESTION

Voters will be given one piece of paper with the question:

  • “Should the United Kingdom remain a member of the European Union or leave the European Union?”
    They will be asked to put a cross beside either:
  • “Remain a member of the European Union”
  • “Leave the European Union”

 

WHO CAN VOTE?

  • The electoral commission says 46.5 million people can vote, including all those who are entitled to vote in a UK parliamentary election. Voters include British citizens 18 and older who are resident in Britain, and those who live abroad if they have appeared on a parliamentary voter register in the last 15 years.
  • Citizens of Ireland and countries of the Commonwealth of mostly former British colonies can also vote if they live in Britain, but citizens of other EU countries who live in Britain cannot. Voting will also take place in Gibraltar, the British overseas territory on the coast of Spain.

REGISTERING TO VOTE

Britain extended the voter registration period for the referendum to midnight on June 9 after a late surge in applications crashed a website shortly before the original June 7 midnight deadline.

 

CAN THE COUNT AND VOTE BE CHALLENGED?

This is unlikely. The electoral commission says the rules do not provide for a national recount under any circumstances. Requests for local recounts can be made at the local level, to be decided by the counting officer.

“We expect local recounts to be granted if a specific issue has been identified with the process in that counting area, rather than simply when the local totals are close,” the commission says.

The only way to challenge the national referendum result is by judicial review, which must be requested within six weeks of the certification of the result.

* * *

Sources: Electoral Commission, Open Europe, Reuters, DB

Disclaimer © 2010 Junior Gold Report
Junior Gold Report’ Newsletter: Junior Gold Report’s Newsletter is published as a copyright publication of Junior Gold Report (JGR). No Guarantee as to Content: Although JGR attempts to research thoroughly and present information based on sources we believe to be reliable, there are no guarantees as to the accuracy or completeness of the information contained herein. Any statements expressed are subject to change without notice. JGR, its associates, authors, and affiliates are not responsible for errors or omissions.

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