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Gryphon Digital Mining Announces Merger with Sphere 3D (Nasdaq: ANY) With World’s Top Influencers As Investors

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MIAMI, June 7, 2021 /PRNewswire/ —  Gryphon Digital Mining, which recently announced that it has entered into a merger agreement with Sphere 3D (Nasdaq: ANY), today announced that global influencers Addison Rae, Griffin Johnson, Bryant Eslava, The Rae Family, and SwagBoyQ have all backed its venture to bring the first 100% renewable energy bitcoin mining company to the public markets.

Gryphon Digital Mining (“Gryphon”, “Gryphon Mining” or the “Company”) announced that it has reached a deal to go public on the Nasdaq through a merger with data management firm Sphere 3D (Nasdaq: ANY), with investment from well-known young entrepreneurs on its cap table.  These investors are some of the most influential people globally, with a combined audience in the hundreds of millions of followers, with billions of likes and engagement.

This announcement comes at an important time for the burgeoning crypto industry, where the sustainability of crypto mining companies has been front page news for the past month. From Elon Musk and Michael Saylor to Jack Dorsey, top business people have been publicly debating how to solve the problem of fossil-fuel consumption to support the mining of bitcoin and other cryptocurrencies.

Gryphon is the first firm that will be using 100% renewable energy to produce bitcoin and other digital assets. While other mining companies seek to offset their carbon footprint, Gryphon’s business model is to have a zero carbon footprint from the start. Not only has the firm publicly committed to ESG principles, but it became one of the first signatories of the growing initiative the Crypto Climate Accord (CCA). The CCA signature commits Gryphon and other signatories to being carbon neutral by 2030, which Gryphon has already achieved in 2021, and creates an avenue for the digital mining community to be influential in climate activism and diplomacy.

Influencer Addison Rae, widely known as one of the most followed people on the internet, and her family, have supported Gryphon’s initiative at a key time. Addison Rae commented, “Sustainability is so important to me and my family. We are excited to be part of Gryphon, a company that uses 100% renewable energy to drive innovation in blockchain technology.”

As crypto continues to be the trend for investors and press alike, more thought leaders are announcing their involvement in, and support for, the growth of the industry. Celebrated influencer Griffin Johnson of Sway House, whose namesake is similar to the Company, said, “Crypto is shaping the future of currency and as a young entrepreneur I want to make sure I am a part of that shift with the best in the business.”

Rae and Johnson join other well known figures and activist celebrities like Paris Hilton and NFL Stars Tom Brady and Russell Okung, in publicly supporting bitcoin and the crypto industry. As more socially-conscious leaders from across sectors seek , Gryphon will continue to provide a top quality management team building innovative solutions for the crypto industry to become green and carbon free.

To learn more about Gryphon, please visit https://gryphondigitalmining.com/.

About Gryphon Digital Mining

Gryphon Digital Mining is a Bitcoin mining operation with zero carbon footprint. Gryphon’s long-term strategy is to be the first vertically integrated crypto miner with a wholly-owned, 100% renewable energy supply. Gryphon provides reliable, low-cost hydro-electric powered mining with plans to expand to other renewables such as nuclear, wind, and solar power to lower mining’s impact on the environment. Gryphon Digital Mining has entered into a merger agreement with Sphere 3D (Nasdaq: ANY) through which Gryphon shareholders are expected to become the controlling shareholders of Sphere 3D, which is expected to maintain its Nasdaq listing.

Important Additional Information Will be Filed with the SEC

In connection with the proposed transaction between Sphere 3D and Gryphon, the parties intend to file a registration statement on Form F-4 (the “Registration Statement”), which will include a preliminary proxy statement of Sphere 3D and a prospectus in connection with the merger. The definitive proxy statement/prospectus and other relevant documents will be mailed to shareholders of Sphere 3D as of a record date to be established for voting on the merger. Stockholders of Sphere 3D and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments thereto, the definitive proxy statement/prospectus in connection with Sphere 3D’s solicitation of proxies for the special meeting to be held to approve the merger, and other documents filed with the SEC by Sphere 3D and Gryphon, because these documents will contain important information about Sphere 3D, Gryphon, and the merger. Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, by directing a request to: 895 Don Mills Road, Bldg. 2, Suite 900, Toronto, Ontario, M3C1W3, Canada. These documents, once available, and Sphere 3Ds annual and other reports and proxy statements filed with the SEC can also be obtained, without charge, at the SEC’s internet site (http://www.sec.gov).

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed merger or an offer to sell, the solicitation of an offer to sell or an offer to buy or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.

Participants in the Solicitation

Sphere 3D, and its directors, executive officers, other members of management and employees and Gryphon, and its directors, executive officers, other members of management and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Sphere 3D in connection with the proposed merger. A list of the names of those directors and executive officers and a description of their interests in Sphere 3D will be included in the proxy statement/prospectus for the proposed merger and will be available at www.sec.gov free of charge. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed merger when available.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act, as amended. These forward-looking statements are typically identified by terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” or similar expressions.

These forward-looking statements include references to assumptions and relate to the future prospects, developments, and business strategies of Gryphon and Sphere 3D. These forward-looking statements are largely based on the current expectations and projections about future events and trends that are expected to affect the financial condition, results of operations, business strategy, and short-term and long-term business operations and objectives of Gryphon and Sphere 3D. Forward-looking statements contained in this press release include, but are not limited to, statements concerning the following: (i) the expectation that Gryphon will be able to raise the capital necessary to finance the purchase of the bitcoin miners from Bitmain, (ii) the expectation that Gryphon will and Bitmain will satisfy the conditions and requirements of the purchase agreement with Bitmain such that Gryphon will receive delivery of the bitcoin miners from Bitmain, (iii) the anticipated benefits of the merger transaction with Sphere 3D; (iv) the current and future build out and acquisition plans of Gryphon and Sphere 3D; (v) expected mining capacity in the future; (vi) the proposed merger and other contemplated transactions (including statements relating to satisfaction of the conditions to and consummation of the proposed merger, the expected ownership of the combined company and the ability of the combined company to raise additional capital to complete bitcoin mining programs and opportunities relating to or resulting from the merger),  (vii) the nature, potential approval and commercial success of the combined company and its planned bitcoin mining operations; and (viii) other statements about the business plans, business strategies and operations of the combined company in the future.

Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to: (i) the inability of Gryphon to successfully raise the capital necessary to pay the purchase price for the bitcoin miners to Bitmain, (ii) the occurrence of any event, change, or other circumstances that could give rise to the termination of the merger transaction or delay in the closing of the merger transaction, including the failure of Sphere 3D’s stockholders to adopt the merger agreement and approve related issuances of its securities; (iii) the ability to recognize the anticipated objectives and benefits, including any tax benefits, of the proposed merger transaction; (iv) changes in applicable laws, regulations or permits affecting Gryphon and Sphere 3D’s operations or the industries in which each operate, including regulation of cryptocurrency; (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms with regard to growth strategies or operations; (v) fluctuations in the market pricing of cryptocurrencies; (vii) loss of public confidence in cryptocurrencies; (viii) the potential of cybercrime, money laundering, malware infections and phishing, and the costs associated with such issues; (ix) the potential of cryptocurrency market manipulation; (x) the economics of mining cryptocurrency, including as to variables or factors affecting the cost, efficiency and profitability of mining; (xi) the availability, delivery schedule and cost of equipment necessary to grow the business and operations of Gryphon, including mining equipment, (xii) the possibility that the combined company may be adversely affected by other economic, business or competitive factors, including factors affecting the industries in which they operate or upon which they rely and are dependent; (xiii) an inability to expand successfully to  new facilities, mine other cryptocurrencies or otherwise expand the business; (xiv) changes in tax regulations applicable to Gryphon or Sphere 3D or their respective assets; (xv) any potential litigation involving either or both of Gryphon or Sphere 3D; (xvi) costs and expenses relating to cryptocurrency transaction fees and fluctuation in cryptocurrency transaction fees; (xvii) other risks and uncertainties related to the business plan, business strategy, acquisition strategy and buildout strategy of Gryphon and Sphere 3D; (xviii) risks related to Sphere 3D’ ability to correctly estimate and manage its operating expenses and its expenses associated with the proposed merger pending closing; (xix) the cash balances of the combined company following the closing of the merger; (xx) the ability of Sphere 3D to remain listed on the Nasdaq Capital Market; (xxi) the risk that as a result of adjustments to the exchange ratio, Sphere 3D shareholders or Gryphon stockholders could own more or less of the combined company than is currently anticipated; (xxii) the potential economic fallout resulting from the COVID-19 outbreak; and (xxiii) the risks, uncertainties, and other factors detailed from time to time in Sphere 3D’s reports filed or furnished with the U.S. Securities and Exchange Commission. The actual results, performance, or achievements of Gryphon and Sphere 3D could differ materially from the results expressed in, or implied by, any forward-looking statements.

In addition, the forward-looking statements included in this press release represent Sphere 3D and Gryphon’s views as of the date hereof. Sphere 3D and Gryphon anticipate that subsequent events and developments will cause their respective views to change. However, while Sphere 3D and Gryphon may elect to update these forward-looking statements at some point in the future, Sphere 3D and Gryphon specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Sphere 3D’ or Gryphon’s views as of any date subsequent to the date hereof.

COMPANY CONTACT: [email protected]

MEDIA CONTACT: [email protected]

INVESTOR CONTACT:

Name: Rob Chang

Company: Gryphon Digital Mining

Phone Number: (877) MINE-ESG

(877) 646-3374

Email: [email protected]

SOURCE Gryphon Digital Mining Inc.

Related Links

https://gryphondigitalmining.com/

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Source: https://www.prnewswire.com:443/news-releases/gryphon-digital-mining-announces-merger-with-sphere-3d-nasdaq-any-with-worlds-top-influencers-as-investors-301307057.html

Energy

XCMG Publishes 2021 Hoisting Industry Chain Sustainable Development Report

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The Report details the hoisting industry’s achievements in terms of scale, quality and safety development, while pointing out the bottleneck issues that are affecting the industry’s sustainable development. It has raised the development goal of “reaching the top echelon of the global hoisting industry and becoming a world-class hoisting corporation with global trust and unique value.” The Report also highlighted “operational safety, equipment safety, use safety and social safety” initiatives.

“A normalized evaluation and review of the development status of the hoisting industry chain will help us better identify our development direction and assume industry responsibilities. For this reason, we’ve formulated this report to maintain the healthy and sustainable development of the hoisting industry and shoulder social responsibilities,” said Wang Min, chairman and CEO of XCMG.

The key findings of the Report center on risk awareness in both equipment design/maintenance/usage and company operation and highlight the need to:

  • Pay more attention to safety features in product design, introduce active safety technologies including high-precision moment limiter, boom anti-collision, luffing compensation and more;
  • Follow strict maintenance schedules and standards to ensure smooth operations;
  • Increase awareness of safety training to reduce major safety incidents;
  • For companies, it’s crucial to pursue a virtuous cycle of capital flow and balance of payments.

The Report also set the goal of entering the top echelon of the global hoisting industry by providing comprehensive and professional services, building impeccable organizational structure, establishing unified and integrated management standards and corporate culture, and emphasizing equipment maintenance and technological innovation.

The hoisting industry should also embrace those major opportunities that will promote the industry’s sustainable development, as stricter supervision and standardized management will accelerate its development, and a new generation of talent is growing into the backbone of the industry. China’s strong economic development and infrastructure investment will also bring development potential.

For more information, please visit XCMG.

SOURCE XCMG

Related Links

www.xcmg.com

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Source: https://www.prnewswire.com:443/news-releases/xcmg-publishes-2021-hoisting-industry-chain-sustainable-development-report-301314409.html

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Hydrogen Fuels Australia Launches Integrated Modular Hydrogen Fuel Generation and Refuelling Operation

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MELBOURNE, Australia, June 16, 2021 /PRNewswire/ — Hydrogen Fuels Australia (H2FA) is launching Australia’s first modular hydrogen production and integrated FCEV refuelling operation at its greenfield facility in Truganina, near Laverton, Victoria.

Founded on environmentally sustainable and “low impact” concepts, H2FAs operation uses its own electrolysis assets (in island mode) to convert renewable power into green hydrogen.  H2FA facilities will not be connected to the energy grid.

In addition to housing Victoria’s first integrated commercial hydrogen refuelling station, the Truganina site will also feature research and educational facilities to fully utilise and commercialise all available resources on the site, while showcasing innovative and imaginative industrial design.

“We are proud to be launching Australia’s first modular hydrogen fuel generation and commercial refuelling business.  We’re passionate about employing the unique attributes of hydrogen as a circular, environmentally responsible fuel source to power the next generation of commercial vehicles in Australia,” said Francesco Ceravolo, Managing Director of H2FA.

H2FA is partnering with some of the world’s leading suppliers of industrial hydrogen equipment through its work with Skai Energies.  H2FA will utilise Nilsson Energy (Sweden) RE8760 technology to manage the site micro-grid, allowing all facilities to operate as an island and be completely self-sufficient.  Contained within the Nilsson Energy solution is critical equipment from Green Hydrogen Systems (Denmark), designers and manufacturers of efficient, modular electrolysers to produce hydrogen, while Plug Power (NASDAQ: PLUG), providers of clean hydrogen and zero-emission fuel cells, will provide power to the site.  Rainwater will be used for the electrolysis process.  All necessary capital equipment for fuel generation and storage has been ordered, and pending permits, will be operational in February 2022. 

H2FA’s 5-hectare site will initially be capable of producing 60-90kgs of green hydrogen from its own 750kw solar array.  Ultimately the site will be scaled up to supply approximately 3,000kg with capacity to fuel 100+ vehicles per day.

Due to the modular nature of H2FA’s hydrogen power facilities, the site will have all equipment above ground, meaning that the operation can be re-located with minimal environmental impact and cost – a major advantage over legacy petroleum and diesel refuelling stations. “H2FA’s new, completely self-sufficient operation in Melbourne represents a replicable standard for future stations throughout Australia, taking maximum advantage of its modular concept while also benefiting from a low cost operating model,” said Craig Ehrke, CEO of Skai Energies.

H2FA’s CCO, Robert Grove, added, “The modular H2FA model will also enable us to expand rapidly across Victoria and Australia to meet growing demand for hydrogen refuelling, while allocating capital and other resources with optimal efficiency.”

About Hydrogen Fuels Australia

Hydrogen Fuels Australia is an industry pioneer in the development of next generation modular hydrogen production and integrated refuelling facilities based in Melbourne, Australia. For more information, visit: www.hydrogenfuelsaustralia.com

About Skai Energies

Skai Energies is an Australian H2 technology integrator focused on supporting companies in their transition to clean energy through its global technology leading partnerships.  Utilising core relationships with Green Hydrogen Systems (world leaders in modular pressurised alkaline electrolysers) and Nilsson Energy (world-first hydrogen based stand-alone power systems), Skai Energies brings together complete hydrogen solutions for localised power generation and use.

Media Contact: Terry Alberstein, [email protected], +61 458 484 921

SOURCE Hydrogen Fuels Australia

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SilverCrest Reports Results of AGM

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TSX: SIL | NYSE American: SILV

VANCOUVER, BC, June 16, 2021 /PRNewswire/ – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce the results of its Annual General Meeting of Shareholders (“AGM”) held in Vancouver, BC on June 15, 2021.

A total of 78,955,084 votes were represented at the AGM amounting to 54.66% of the issued common shares as of the record date.

Shareholders approved the fixing of the number of directors at seven.  The following is the tabulation of proxy votes in the election of the seven directors:

Directors

Tabulation of Votes in Favour submitted by Proxy

Tabulation of Votes Withheld submitted by Proxy

N. Eric Fier

58,077,796        (99.71%)

   168,161           (0.29%)

Laura Diaz

58,168,394        (99.87%)

     77,564           (0.13%)

Ross O. Glanville

54,283,976        (93.20%)

3,961,981           (6.80%)

Ani Markova

57,895,061        (99.40%)

   350,897           (0.60%)

Hannes P. Portmann

57,723,288        (99.10%)

   522,669           (0.90%)

Graham C. Thody

51,647,789        (88.67%)

6,598,168           (11.33%)

John H. Wright

50,521,903        (86.74%)

7,721,454           (13.26%)

The shareholders also approved the re‑appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as auditor of SilverCrest.

In addition, further to the Company’s news release dated June 4, 2021, the shareholders approved the adoption of a new “rolling 1.5%” Equity Share Unit Plan for the Company.

ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas Project and is proceeding with mine construction. Startup of production at the Las Chispas Mine is targeted for mid-2022. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

SOURCE SilverCrest Metals Inc.

Related Links

www.silvercrestmetals.com

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Surge Copper recoupe 432 mètres de 0,61 % CuEq et 506 mètres de 0,43 % CuEq dans les résultats finaux du forage d’hiver de West Seel

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  • Le trou S21-243 a recoupé 432 mètres avec une teneur de 0,61 % d’équivalent cuivre dont 156 mètres avec une teneur de 0,76 % d’équivalent cuivre.
  • Le trou S21-242 a recoupé 259 mètres avec une teneur de 0,60 % d’équivalent cuivre dont 124 mètres avec une teneur de 0,74 % d’équivalent cuivre, le trou se terminant par une minéralisation
  • Le trou S21-235 a recoupé 506 mètres avec une teneur de 0,43 % d’équivalent cuivre
  • Les travaux de forage à West Seel ont repris avec deux carottages axés sur l’expansion et le forage de définition

Tous les résultats du programme de forage hivernal de 20 028 mètres de la société ont maintenant été reçus et publiés. La figure 1 montre les emplacements des trous de forage et les références des sections. La société a le plaisir d’annoncer que le programme de forage d’été d’au moins 5 000 mètres à Ootsa a commencé. Deux carotteuses se sont concentrées sur le gisement de West Seel et ont effectué des forages d’extension dans les zones où le gisement reste ouvert. En fonction de la planification finale et des résultats obtenus au cours de l’été, le programme devrait s’étendre vers l’extérieur pour tester d’autres cibles d’exploration proches des ressources.

Figure 1 : Carte des emplacements des trous de forage pour le programme de forage Ootsa 2020-2021.

Trous S21-235 et 241 à 244 – Gisement de West Seel

Les trous S21-235 et 241 à 244 ont tous été forés sur les marges du gisement de West Seel ou dans la zone située immédiatement entre les gisements de East et West Seel. Les cinq trous ont tous recoupé des zones significatives de minéralisation, comme le résume le tableau ci-dessous, et l’orientation et la profondeur totale de chaque trou sont résumées sur la figure 1.

Le trou S21-243 est l’échelon le plus au nord-est de la longue section de West Seel et est représenté sur la figure 2. Le trou a recoupé 0,61 % d’équivalent cuivre sur 432 mètres à partir de 274 mètres de profondeur, dont 0,76 % d’équivalent cuivre sur 156 mètres à partir de 468 mètres de profondeur. Ce long intercept de forte minéralisation continue de prolonger le cœur à haute teneur du gisement de West Seel vers le nord-est.

Le trou S21-235 a été foré sur le côté ouest de West Seel et est représenté sur la figure 3. Le trou a recoupé 0,43 % d’équivalent cuivre sur 506 mètres à partir de 380 mètres de profondeur, dont 0,68 % d’équivalent cuivre sur 40 mètres à partir de 622 mètres de profondeur.

Les sondages S21-241, 242 et 244 ont testé le côté est de West Seel. Les trous S21-242 et 244 sont représentés sur la figure 4. Les trois trous ont recoupé des zones de minéralisation proches de la surface. Le trou S21-241 a recoupé 0,31 % d’équivalent cuivre sur 122 mètres à partir de 94 mètres de profondeur. Le trou S21-242 a recoupé 0,24 % d’équivalent cuivre sur 42 mètres à partir de 26 mètres de profondeur, puis 0,60 % d’équivalent cuivre sur 259 mètres à partir de 458 mètres de profondeur. Cela comprend un intervalle à teneur plus élevée contenant 0,74 % d’équivalent cuivre sur 124 mètres à partir de 542 mètres de profondeur. Le trou S21-244 a recoupé 0,21 % d’équivalent cuivre sur 58 mètres à partir de 32 mètres de profondeur, dont 0,29 % d’équivalent cuivre sur 168 mètres à partir de 98 mètres de profondeur.

Résumé des résultats d’analyse des trous sélectionnés

Trou de forage

De

(m)

À (m)

Largeur

(m)1

CuEq

(%)2

Cu (%)

Au (g/t)

Mo (%)

Ag (g/t)

S21-235

88,0

96,0

8,0

0,66

0,02

0,71

0,000

1,3

S21-235

380,0

886,0

506,0

0,43

0,20

0,11

0,030

2,2

dont

438,0

460,0

22,0

0,52

0,26

0,10

0,040

3,5

dont

622,0

662,0

40,0

0,68

0,32

0,19

0,046

3,9

S21-241

94,0

216,0

122,0

0,31

0,14

0,11

0,020

0,6

S21-241

134,0

216,0

82,0

0,34

0,16

0,12

0,022

0,6

dont

184,0

210,0

26,0

0,47

0,20

0,19

0,029

0,7

S21-242

26,0

68,0

42,0

0,24

0,12

0,08

0,012

0,8

S21-242

420,0

717 EOH

297,0

0,56

0,22

0,27

0,025

2,3

S21-242

458,0

717 EOH

259,0

0,60

0,23

0,29

0,027

2,3

dont

542,0

666,0

124,0

0,74

0,30

0,31

0,044

2,9

S21-243

274,0

706,0

432,0

0,61

0,29

0,20

0,035

3,0

dont

468,0

624,0

156,0

0,76

0,37

0,23

0,044

3,5

dont

522,0

624,0

102,0

0,81

0,39

0,25

0,049

3,4

S21-244

32,0

90,0

58,0

0,21

0,10

0,06

0,013

0,8

S21-244

98,0

266,0

168,0

0,29

0,14

0,09

0,017

0,8

dont

152,0

202,0

50,0

0,35

0,19

0,09

0,021

0,9


1.

La largeur fait référence aux intersections de trous de forage, les largeurs réelles n’ont pas été déterminées. EOH = fin du trou

2.

CuEq (équivalent cuivre) a été utilisé pour exprimer la valeur combinée du cuivre, de l’or, du molybdène et

de l’argent en pourcentage du cuivre, et n’est fourni qu’à titre d’illustration. Aucune allocation n’a été

faites pour les pertes de recouvrement qui pourraient survenir en cas d’exploitation minière. Les calculs utilisent les prix des métaux de

3,00 $US/lb de cuivre, 1 800 $US/oz d’or, 10 $US/lb de molybdène et 22 $US/oz d’argent, selon la formule suivante

CuEq % = Cu % + (Au g/t x 0,875) + (Mo % x 3,33) + (Ag g/t x 0,0107).

 

Figure 2. La longue section B-B’ de West Steel montrant les résultats des trous S20-219, 220, 224, 226, et S21-240 et 243. Voir la figure 1 pour l’emplacement de la section.

Figure 3. La longue section 7NE de West Seel montrant les résultats des trous S21-235 et le S21-232 précédemment rapporté. Voir la figure 1 pour l’emplacement de la section.

Figure 4. La longue section 10NE de West Seel montrant les résultats des trous S21-242 et 244, et le S21-230 précédemment rapporté. Voir la figure 1 pour l’emplacement de la section.

Trous S21-236 à 238 – Côté ouest du gisement d’East Seel

Les trous S21-236, 237 et 238 ont testé une zone située immédiatement à l’ouest du gisement d’East Seel et ont rencontré une altération étendue et des anomalies en Cu-Mo mais aucun intervalle significatif de minéralisation.

Mise à jour du programme d’exploration de l’Ootsa

Un programme de forage d’au moins 5 000 mètres a commencé à Ootsa, avec deux carotteuses qui forent actuellement le gisement de West Seel. Le forage sera d’abord axé sur l’expansion et la définition des ressources à West Seel et pourrait s’étendre à d’autres cibles d’exploration au cours de l’été.

Un levé géophysique aéroporté Z-axis Tipper Electromagnetic (« ZTEM ») a débuté le 10 juin et est actuellement en cours de vol sur l’ensemble des revendications d’Ootsa-Berg. Des équipes de terrain sont en train d’être constituées pour effectuer un premier suivi au sol des anomalies ZTEM prioritaires, et pour effectuer des travaux de surface sur les cibles d’exploration existantes sur les propriétés, en préparation des essais de forage.

Contrôle qualité

Toutes les carottes de forage sont enregistrées, photographiées et coupées en deux avec une scie à diamant. La moitié de la carotte est emballée et envoyée pour analyse à Activation Laboratories Ltd. à Kamloops, en Colombie-Britannique (qui est accréditée ISO/IEC 17025), tandis que l’autre moitié est archivée et stockée sur place à des fins de vérification et de référence. La teneur en or est déterminée par pyroanalyse de 30 g, et 37 éléments supplémentaires sont analysés par la méthode ICP (plasma à couplage inductif) utilisant une digestion multi-acides (à 4 acides). Des échantillons en double, vierges et des normes certifiées sont inclus dans chaque lot d’échantillons, puis vérifiés pour garantir une assurance et un contrôle de qualité adéquats.

La personne qualifiée

Le Dr Shane Ebert P. Geo. est la personne qualifiée pour le projet Ootsa, tel que défini par la norme nationale 43-101 et a approuvé les informations techniques contenues dans ce communiqué de presse.

À propos de Surge Copper Corp.

La société détient une participation de 100 % dans la propriété Ootsa, un projet d’exploration de stade avancé contenant les gisements porphyriques de East Seel, West Seel et Ox situés à côté de la mine de cuivre à ciel ouvert Huckleberry et detenue par Imperial Metals. La propriété Ootsa contient des ressources de cuivre, d’or, de molybdène et d’argent soumises aux contraintes de la fosse, conformes à la norme NI 43-101 dans les catégories mesurées et indiquées.

La société obtient également une participation de 70 % dans la propriété Berg de Centerra Gold. Berg est un grand projet d’exploration à un stade avancé situé à 28 km au nord-ouest des gisements d’Ootsa. Berg contient des ressources de cuivre, de molybdène et d’argent soumises aux contraintes de la fosse, conformes à la norme NI 43-101 dans les catégories mesurées et indiquées. Combinées, les propriétés adjacentes d’Ootsa et de Berg confèrent à Surge une position foncière dominante dans le district d’Ootsa-Huckleberry-Berg et le contrôle de quatre gisements porphyriques avancés.

Au nom du conseil d’administration

« Leif Nilsson »
Président-directeur général

Pour de plus amples informations, veuillez contacter :
Téléphone : +1 604 416 2978 ou +1 604 558 5847
[email protected] 
http://www.surgecopper.com

La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’assument aucune responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Le présent communiqué de presse contient des déclarations prospectives qui concernent des événements futurs. Dans certains cas, vous pouvez identifier les déclarations prospectives par des termes tels que « sera », « peut », « devrait », « s’attend à », « prévoit » ou « anticipe » ou par la négation de ces termes ou d’une autre terminologie comparable. Toutes les déclarations contenues dans le présent document, autres que les déclarations de faits historiques, sont des déclarations prospectives, y compris, mais sans s’y limiter, les plans de la société concernant la propriété Berg et la propriété Ootsa. Ces déclarations ne sont que des prévisions et impliquent des risques connus et inconnus, des incertitudes et d’autres facteurs qui peuvent faire en sorte que les résultats, le niveau d’activité, les performances ou les réalisations réels de la société soient sensiblement différents de tous les résultats, niveaux d’activité, performances ou réalisations futurs explicites ou implicites par ces déclarations prospectives. Ces incertitudes et risques peuvent inclure, entre autres, des résultats réels des activités d’exploration de la société différents de ceux prévus par la direction, des retards dans l’obtention ou la non-obtention des approbations gouvernementales ou autres approbations réglementaires requises, la capacité d’obtenir un financement adéquat pour mener à bien ses programmes d’exploration prévus, l’incapacité de se procurer de la main-d’œuvre, du matériel, des fournitures en quantité suffisante et en temps opportun, des pannes d’équipement, les répercussions de la pandémie actuelle de coronavirus et le mauvais temps. Bien que ces déclarations prospectives, et toutes les hypothèses sur lesquelles elles sont fondées, soient faites de bonne foi et reflètent le jugement actuel de la société concernant l’orientation de ses activités, les résultats réels varieront presque toujours, parfois de manière considérable, par rapport aux estimations, prévisions, projections, hypothèses ou autres suggestions de performances futures contenues dans le présent document. Sauf si la loi applicable l’exige, la société n’a pas l’intention de mettre à jour les déclarations prospectives pour les rendre conformes aux résultats réels.

Photo : https://mma.prnewswire.com/media/1533179/Surge_fig_1_1.jpg 

Photo : https://mma.prnewswire.com/media/1533180/Surge_fig_2_2.jpg 

Photo : https://mma.prnewswire.com/media/1533181/Surge_fig_3_3.jpg 

Photo : https://mma.prnewswire.com/media/1533182/Surge_fig_4_4.jpg

Related Links

https://surgecopper.com/

SOURCE Surge Copper Corp.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.prnewswire.com:443/news-releases/surge-copper-recoupe-432-metres-de-0-61-cueq-et-506-metres-de-0-43-cueq-dans-les-resultats-finaux-du-forage-d-hiver-de-west-seel-872818239.html

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