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Lomiko La Loutre Metallurgical Testing Produces Concentrate Grading 97.8% Carbon and 93.5% Graphite Recovery

Lomiko La Loutre Metallurgical Testing Produces Concentrate Grading 97.8% Carbon and 93.5% Graphite Recovery

MONTREAL–(BUSINESS WIRE)–Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C)(Lomiko or the “Company”) is pleased to provide an update on its La Loutre graphite project (“La Loutre”), located in Quebec, Canada. La Loutre comprises the Graphene-Battery (GB) zone and the Electric Vehicle (EV) Zone. The names of the zones are not reflective of the products each will produce but generally indicate applications of products. The recent testwork program confirmed that each zone will produce similar products.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005392/en/

Quebec Crystalline Flake Graphite (Photo: Business Wire)

Quebec Crystalline Flake Graphite (Photo: Business Wire)

Highlights

  • A metallurgical flowsheet development program was carried out on two composite samples of La Loutre graphite project. One composite was generated from mineralized samples from the EV zone yielding 9.70% graphitic carbon, and the second composite from drill core of the GB zone yielding 4.80% graphitic carbon.
  • The process development was carried out on both composites and resulted in a flowsheet and conditions that are suitable to treat both zones of La Loutre mineralization in the same processing plant.
  • The program culminated in a locked cycle test (“LCT”) that generated a combined concentrate grading 97.8% total carbon at 93.5% graphite recovery.
  • Although the two mineralized zones produced noticeably different flake size distributions, they responded equally well to the same flowsheet and conditions with combined concentrate grades of over 97% total carbon.

“These very encouraging results of initial testing suggest that La Loutre graphite may be suitable for high-end industrial use,” stated A. Paul Gill, CEO. “Our next step is to complete a Preliminary Economic Assessment.”

Technical Discussion

Process Development

In January 2021, a metallurgical process development program was initiated at SGS Minerals in Lakefield, Ontario. The objective of the program was to develop the flowsheet and conditions suitable to upgrade La Loutre mineralization to at least 95% total carbon.

Metallurgical development work was carried out on two composites representing the two zones. The process development program produced a flowsheet and conditions that generated concentrates of over 97% total carbon for both mineralized zones. The equipment and reagents selected for the process are well established in the mineral processing field and are consistent with other graphite projects. The flowsheet, which is depicted in Figure 1, comprises rougher/scavenger flotation stage, followed by a primary and secondary cleaning circuit.

The GB composite produced a final concentrate with a significantly higher mass recovery into the +80 mesh size fraction of approximately 50% compared to 25-30% for the EV composite. However, both composites responded equally well to the same flowsheet and conditions, producing combined concentrate grades that are consistently at least 97% C(t).

The program culminated in a locked cycle test (LCT) using a 50:50 blend of the two mineralized zones. The overall mass balance is presented in Table 1. The mill feed grading 7.60% carbon was upgraded to a combined concentrate grading 98.5% carbon at an overall graphite recovery of 93.5%.

Table 1: Mass Balance of Locked Cycle Test LCT-1

Sample ID  

Weight

Assays (%)

% Distribution
 

%

C(t)

C(t)
Combined Concentrate    

7.2

98.5

93.5
+80 Mesh 2nd Clnr Conc    

2.9

99.0

37.1
+80 mesh 1st Clnr Tails    

0.1

34.9

0.3

-80 mesh 3rd Clnr Conc    

4.4

98.1

56.4
-80 mesh 1st Clnr Conc    

0.4

9.64

0.5

1st Clnr Tails

22.3

1.26

3.7

Scav Tails

69.9

0.21

1.9

Head (calc)

100.0

7.63

100.0

 

The final concentrates of the three cycles that were used to develop the overall mass balance were submitted for a size fraction analysis (SFA), and the average results of the three SFAs are presented in Table 2. The combined concentrate grade of 97.8% total carbon is slightly lower compared to the direct concentrate analysis of the LCT mass balance, which is related to measurement uncertainties associated with assay methods.

A total of 32.4% of the concentrate mass reported to the +80 mesh size fractions at a combined grade of 97.8% total carbon. Another 10.8% of the mass was recovered into the -80/+100 mesh product at a grade of 98.2% and the balance of 56.8% reported to the -100 mesh size fractions at a combined grade 97.7% total carbon.

One of the primary applications for the -100 mesh size fraction is the value-add process to produce spherical graphite for batteries. The ability to upgrade the fines size fraction to almost 98% total carbon by flotation only might have a positive impact on downstream purification costs since concentrations of impurities are often proportional to purification cost.

Table 2: Average Size Fraction Analysis Results of LCT-1

Size

Mass

Grade

Distribution

Mesh 

Microns

%

%Ct

%Ct

  

 

 

 

 

32

500

1.0

97.6

1.0

48

300

9.8

97.4

9.7

80

180

21.6

98.0

21.7

100

150

10.8

98.2

10.9

150

106

17.5

98.1

17.5

200

75

13.0

98.3

13.1

325

45

13.5

98.1

13.6

Pan

-45

12.8

96.0

12.5

 

 

 

 

 

Total

 

100.0

97.8

100.0

 

Preliminary comminution tests produced Bond ball mill work indices of 6.9 kWh/t for the EV zone and 11.2 kWh/t for the GB zone, which places La Loutre mineralization into the very soft to soft category, which is favourable for minimizing grinding energy costs.

Next Steps

Variability flotation testing on four composites that made up the two development composites will be performed to complete the scoping level metallurgical study.

The combined concentrate of the LCT will be subjected to chemical and mineralogical characterization, which will determine the type and association of the remaining impurities in the graphite concentrate. This information will be used to commence marketing initiatives for La Loutre graphite concentrate.

The current process development program will be completed within the next couple of weeks, and the company commenced work on a preliminary economic assessment (PEA) study.

During the next phase of metallurgical testing, conditions of the existing flowsheet will be optimized to minimize flake degradation and maximize graphite recovery. Further, the optimization will evaluate potential capital and operating cost savings.

The robustness of the optimized flowsheet and conditions will be verified with a larger number of variability samples, and a more comprehensive comminution program will be completed.

Qualified Persons

Mr. Oliver Peters, a Principal Metallurgist with Metpro Management Inc., is a Qualified Person within the meaning of NI 43-101. Mr. Peters is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.

Quebec’s Role in The New Green Economy

In 2020, The Quebec Government released the Quebec Plan for Development of Critical and Strategic Minerals (“The Quebec Plan”) which indicates graphite demand would likely increase 300-500% in the coming decades as more is used in the production of spherical graphite for anode portion of Electric Vehicle Lithium-ion batteries. Quebec has an opportunity to play a vital role in reducing carbon emissions and become a key provider of critical battery materials to the North American economy.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].

On Behalf of the Board,

“A. Paul Gill”

Chief Executive Officer

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

A. Paul Gill

604-729-5312

[email protected]

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Natural Resources Alternative Energy Energy Mining/Minerals Other Energy

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Quebec Crystalline Flake Graphite (Photo: Business Wire)
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The flowsheet, which is depicted in Figure 1, comprises rougher/scavenger flotation stage, followed by a primary and secondary cleaning circuit. (Graphic: Business Wire)
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Landstar to Release First Quarter Results on Wednesday, April 21, 2021

JACKSONVILLE, Fla., April 07, 2021 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today it will release its 2021 first quarter results after the market closes on Wednesday, April 21, 2021. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, April 22, 2021 at 8:00 a.m. ET to discuss the first quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on “Webcasts”; and then “Landstar’s First Quarter 2021 Earnings Release Conference Call.”

For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone replay number for the U.S. and Canada is (800) 879-5510 and for international calls is (203) 369-3990.

About Landstar:


Landstar
 System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.



Contact: Jim Gattoni
Landstar System, Inc.
904-398-9400

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IIROC Trading Halt – QMX

Canada NewsWire

VANCOUVER, BC, April 7, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: QMX Gold Corporation

TSX-Venture Symbol: QMX

All Issues: Yes

Reason: Pending News

Halt Time (ET): 8:00 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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CalAmp Appoints FedEx Ground CEO Henry J. Maier to its Board of Directors

Bringing over 40 years of transportation industry experience, Maier will provide strategic input to guide the telematics pioneer’s continued expansion in the logistics market

PR Newswire

IRVINE, Calif., April 7, 2021 /PRNewswire/ — CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, announced today that Henry J. Maier, president and CEO of FedEx Ground, will be appointed to its Board of Directors effective June 1, 2021. 

Since 2013, Maier has been responsible for the strategic direction and performance of FedEx Ground, a $22.7 billion subsidiary of FedEx Corp. He also currently serves on the Strategic Management Committee of FedEx Corp., which sets the strategic direction for the FedEx enterprise. Notably, Maier has over 40 years of experience in the transportation industry. This includes more than 30 years with FedEx Corp., where he has held various senior executive roles in logistics, sales, marketing and communications. Maier will be retiring from FedEx Corp. on July 31, 2021.

“I am excited for the opportunity to contribute to CalAmp’s expansion in the transportation and logistics market. I have seen firsthand how its industry-leading SaaS solutions bring intelligence to the edge to help make critical decisions when and where they need to happen,” said Maier.  “As more companies look to streamline their transportation operations, improve overall safety and drive further efficiencies, CalAmp is well-positioned to meet the growing demand for telematics solutions that address these operational challenges in the immediate and long-term future.”

“The transportation and logistics market represents a tremendous opportunity for CalAmp. I am extraordinarily pleased to be adding a new board member with Henry’s experience and pedigree and believe that it is a huge win for CalAmp shareholders,” said Jeff Gardner, president and CEO of CalAmp.

“Together with CalAmp, Henry has a shared passion for leveraging telematics technologies to enhance fleet safety and performance. I am looking forward to his input on the Board as we oversee and execute new strategies for CalAmp’s continued growth,” added Amal Johnson, chair of the CalAmp Board of Directors.

Maier also serves on the Board of Directors of transportation holding company Kansas City Southern and e-commerce parts company CarParts.com.

About CalAmp
CalAmp (Nasdaq: CAMP) is a global technology solutions pioneer transforming the mobile connected economy. We help reinvent business and improve lives around the globe with technology solutions that streamline complex mobile IoT deployments and bring intelligence to the edge. Our software and subscription-based services, scalable cloud platform and intelligent devices collect and assess business-critical data from mobile assets and their contents. We call this The New How, facilitating efficient decision making, optimizing mobile asset utilization and improving road safety. Headquartered in Irvine, California, CalAmp has been publicly traded since 1983 and has 20 million products installed and over 1.3 million software and services subscribers worldwide. LoJack®, Tracker™ and Here Comes The Bus® are CalAmp brands. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, iOn Vision and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/calamp-appoints-fedex-ground-ceo-henry-j-maier-to-its-board-of-directors-301263630.html

SOURCE CalAmp

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UNFI Launches Innovative E-commerce Solution to Expand Distribution Options for Emerging Suppliers

UNFI Launches Innovative E-commerce Solution to Expand Distribution Options for Emerging Suppliers

Community Marketplace allows suppliers of any size to sell products on UNFI’s Easy Options website and ship directly to UNFI customers

PROVIDENCE, R.I.–(BUSINESS WIRE)–
United Natural Foods, Inc. (NYSE: UNFI), today announced the launch of Community Marketplace by UNFI, a business-to-business digital e-commerce solution for emerging brands looking to expand distribution with UNFI customers. Community Marketplace modernizes the way brands interact with grocery wholesalers by allowing thousands of emerging products not currently available at UNFI distribution centers to be ordered on UNFI’s Easy Options website and shipped directly to retail customers across the United States.

Through this virtual marketplace, suppliers gain immediate access to UNFI’s digital infrastructure to promote and sell their products to UNFI’s broad customer base. Approved suppliers keep complete control of their inventory, order management, pricing, and shipping charges while attaining trial for possible traditional distribution expansion in the UNFI network. In turn, UNFI customers gain access to an even broader assortment of unique and local items with flexible order sizes and the convenience of ordering from multiple sources online in one place. Businesses looking to become an approved Community Marketplace supplier can apply at https://unfieasyoptions.com/about-community-marketplace.

“Access to the largest assortment of available items is an area of increasing importance to our customers, and Community Marketplace delivers on this need while giving brands an easy-to-use platform to gain the speed, scale, and agility to win in today’s marketplace,” said Tom Kraus, vice president of e-commerce at UNFI. “By fully integrating Community Marketplace with our Easy Options website, we now have an industry leading tool for our customers to better connect with suppliers to provide their local communities with the widest variety of on-trend and emerging natural and conventional products.”

UNFI Easy Options is available to a variety of businesses, including independent grocery retailers, convenience stores, natural food and supplement stores, and restaurants. Through the website, customers of all sizes have access to over 20,000 grocery and wellness items that are fulfilled from UNFI’s distribution network without minimum order sizes, order frequency requirements, or membership fees. Currently, hundreds of Community Marketplace SKUs are available through the Easy Options site, but with strong interest from the supplier community, customers should check back often as the variety of products will continue to grow as more vendors participate in this innovative distribution outlet.

About United Natural Foods

UNFI is North America’s premier food wholesaler delivering the widest variety of products to customer locations throughout North America including natural product superstores, independent retailers, conventional supermarket chains, ecommerce retailers and food service customers. By providing this deeper ‘full-store’ selection and compelling brands for every aisle, UNFI is uniquely positioned to deliver great food, more choices and fresh thinking to customers everywhere. Today, UNFI is the largest publicly traded grocery distributor in the United States. To learn more about how UNFI is Moving Food Forward, visit www.unfi.com.

Investor Contact

Steve Bloomquist

952-828-4144

[email protected]

Media Contact

Jeff Swanson

952-903-1645

[email protected]

KEYWORDS: United States North America Rhode Island

INDUSTRY KEYWORDS: Discount/Variety Other Retail Supermarket Specialty Convenience Store Restaurant/Bar Food/Beverage Supply Chain Management Retail Online Retail

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Ameresco Begins Second Phase of Department of Defense Funded Flow Battery Investigation

Ameresco Begins Second Phase of Department of Defense Funded Flow Battery Investigation

Ameresco continues research on advanced energy storage systems in partnership with the Environmental Security Technology Certification Program

FRAMINGHAM, Mass.–(BUSINESS WIRE)–Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has begun phase-two of a multi-stage investigation into how flow battery technology could support microgrids with the Department of Defense (DoD). Phase-one of the investigation was completed in April 2020 and primarily focused on evaluating the technical and economic feasibility of flow battery energy storage. Phase-two of the investigation shifts attention to physical validation and evaluation of flow batteries at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Golden, CO.

Phase-one of the research won a 2020 Project of the Year award from the Strategic Environmental Research and Development Program (SERDP) and Environmental Security Technology Certification Program (ESTCP). This success paved the way for Ameresco to advance to the second phase of the multi-stage research program, which is being conducted in partnership with NREL, and supported by Invinity Energy Systems (LSE:IES) and S&C Electric Company. Funding for the investigation comes from ESTCP, whose goal is to identify and demonstrate the most promising innovative and cost-effective technologies and methods that address DoD’s high-priority environmental requirements.

Research collected from the project’s first phase demonstrated that there is an opportunity for Vanadium Flow Battery (VFB) storage technology to decrease diesel generation reliance and lower the cost of critical load support within a military microgrid. Given these results, the objective of phase-two is to validate the reliability and operational performance of VFB battery equipment through Hardware in the Loop (HIL) testing.

“Microgrids offer enormous opportunity to provide resilient power—from military installations, to campuses to communities,” said Dr. Martha Symko-Davies, Laboratory Program Manager for NREL’s Energy Systems Integration Facility. “Flexible energy storage is a key component to incorporating more variable renewable energy into microgrid systems. We are extremely pleased to bring our advanced laboratory capabilities and expert researchers to this ESTCP project to further advance the state of the art of the technology. We look forward to sharing results from this effort, which can inform a wide range of military and nonmilitary applications.”

If the results of this work justify further investigation of flow battery technology, Ameresco hopes to continue this research with a future field deployment of a flow battery system at a DoD site. This third phase of work would significantly contribute to strengthening the depth of knowledge available on advanced energy technologies such as flow batteries.

Additionally, Ameresco was recently selected for another ESTCP project which is expected to begin in 2022. The focus of this project is to demonstrate building level energy storage, with a zinc bromide flow battery that can be sited indoors.

“We are very pleased to be continuing our ESTCP funded research to advance the field of study around such important energy storage technologies,” said Nicole Bulgarino, executive vice president of Federal Solutions at Ameresco. “Research like this is crucial to characterizing the performance of novel energy storage technologies like flow batteries, and to identifying under what circumstances they can support microgrid projects with our Federal customers. We’re thrilled to be at the forefront of developing energy storage technologies that not only benefit the industry but the world at-large.”

To learn more about Ameresco’s research or download a copy of the phase-one report, visit the ESTCP website.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

About the Environmental Security Technology Certification Program

Environmental Security Technology Certification Program (ESTCP) is the DoD’s environmental technology demonstration and validation program. The Program was established in 1995 to promote the transfer of innovative technologies that have successfully established proof of concept to field or production use. ESTCP demonstrations collect cost and performance data to overcome the barriers to employ an innovative technology because of concerns regarding technical or programmatic risk, the so-called “Valley of Death.” The Program’s goal is to identify and demonstrate the most promising innovative and cost-effective technologies and methods that address DoD’s high-priority environmental requirements. Projects conduct formal demonstrations at DoD facilities and sites in operational settings to document and validate improved performance and cost savings. To ensure the demonstrated technologies have a real impact, ESTCP collaborates with end-users and regulators throughout the development and execution of each demonstration. Transition challenges are overcome with rigorous and well-documented demonstrations that provide the information needed by all stakeholders for acceptance of the technology.

The announcement of a customer’s entry into a project study contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of December 31, 2020.

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Ameresco: Leila Dillon, 508-661-2264, [email protected]

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Technology Professional Services Other Natural Resources Other Construction & Property Natural Resources Other Energy Other Manufacturing Utilities Construction & Property Oil/Gas Coal Alternative Energy Energy Nuclear Other Technology Manufacturing Other Professional Services

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Arizona Gold Drills 22.2 g/t Gold

TORONTO, April 07, 2021 (GLOBE NEWSWIRE) — Arizona Gold Corp. (TSX: AZG, OTCQB: AGAUF) (“Arizona Gold” or the “Company”) provides additional underground drilling results and drilling program update at its 100% owned Copperstone gold project located in Arizona, United States.

Giulio Bonifacio, President & CEO of Arizona Gold, stated: “We are pleased to announce additional results from the underground core drilling program which continues to show continuity and extension in mineralized domains over good mining widths. Additionally, we see further indications of previously unknown mineralization below the previously defined mineralized domain CUVND3, which is indicated in Figure 2. We are now moving forward with in-fill definition drilling of planned stopes, which will provide information for final stope design planning, as shown in Figure 1. Additionally, upon completion of the current phase of drilling, the Company will provide an updated resources estimate which will also include drilling results from 5,000 meters of successful drilling in 2019.”


Drilling Highlights Include

Drill Hole AZG-21-13-12

•  1.5 m at 22.07 g/t gold (“Au”), and 1.2 m at 11.73 g/t Au

Drill Hole AZG 21-13A-18

•  4.7 m at 2.34 g/t Au; including 0.9 m at 5.33 g/t Au

Drill Hole AZG-20S-23

•  15.2 m at 3.27 g/t Au; including 6.1 m at 6.02 g/t Au


Drilling Update

The underground exploration core hole drilling is ongoing and has focused on the D zone of the Copperstone shear zone. Continuity and extension of mineralized domains were realized in many holes. Figure 1 shows the new drilling in plan view. Figures 2, and 3 show the drilling in cross section, and Table 1 summarizes drill hole assay results. Drill hole intervals of prior drill programs mentioned in this release are as follows:

Drill Hole A98-5

•  170.1 – 171.6; 1.5m at 7.03 g/t Au (CUVND2)
•  173.1 – 179.4; 6.2m at 21.59 g/t Au (CUVND3)

Drill Hole CSD-9

•  149.2 – 154.8; 5.6m at 8.33 g/t Au (CUVND2)
•  157.0 – 160.8; 3.8m at 0.91 g/t Au (CUVND3)

Drill Hole KER-17U-16

•  15.2 – 16.3; 1.1m at 20.70 g/t Au (CUVND3)

Drill Hole CS-367

•  155.4 – 160.0; 4.6m at 8.16 g/t Au (B Zone)


Continued Indication of New Domain Below CUVND3

Drill hole AZG-21-13A-18 intersected 0.8 m at 1.14 g/t Au, indicating a possible new domain 18m below the CUVND3 domain. This adds a fourth hole showing the possible new domain. Drill hole AZG-20S-16 intersected 1.5 m at 2.69 g/t Au, indicating the potential for a new domain below the CUVN domain. Historic drilling in this area has not shown strong Au mineralization, so there is potential for resource expansion with additional drilling. The following provides additional information for each of the drill holes reported above (Also See Figures 1 through 3):

AZG-21-10-17 is an up angle core hole drilled northwesterly and collared in station 10 in the D Zone. It intersected 4.8 m at 3.32 g/t Au (including 0.9 m at 7.13 g/t Au and 1.2 m at 5.47 g/t Au), successfully extending the CUVND3 domain about 27.4 m up dip. The hole also intersected 0.8 m at 14.80 g/t Au, which is a possible extension of the CUVND domain about 15.2 m up dip from its current modelled extent.

AZG-21-13-12 is an up angle core hole drilled northeasterly and collared in station 13 in the D Zone. It intersected 1.5 m at 22.07 g/t Au, successfully targeting the CUVND3 domain about 29 m up dip of drill hole A98-5, about 12.2 m down dip of drill hole CSD-9 and about 15.2 m along strike to the northwest of drill hole KER-17U-16. It also intersected 1.2 m at 11.73 g/t, successfully targeting the CUVND2 domain about 26 m up dip of A98-5, and 15.2 m down dip of CSD-9..

AZG-21-13A-18 is an up angle hole drilled to the west and collared in station 13A in the D zone. It intersected 4.7 m at 2.34 g/t Au (includes 0.9 m at 5.33 g/t Au), about 7.5 m above the CUVND domain, which might be an offset of the domain or a new domain. The hole also intersected 0.8 m at 1.14 g/t Au, indicating a possible new domain 18m below the CUVND3 domain.

AZG-20S-16 is a surface down angle RC hole drilled westerly from the east side of the pit into the C Zone, with a total depth of 305 m. It intersected 9.1 m at 1.98 g/t Au (includes 3.0 m at 3.57 g/t Au), successfully targeting the C Zone mineralization where modelled. It also intersected 1.5 m at 2.69 g/t Au, indicating the potential for a new domain below the CUVN domain, which may be related to the Footwall Zone. Historic drilling in this area has not shown strong Au mineralization, so there is potential for resource expansion with additional drilling.

AZG-20S-23 is a surface down angle RC hole drilled northwesterly from the east side of the pit into the B Zone, with a total depth of 172 m. It targeted and successfully intersected 15.2 m at 3.27 g/t Au (includes 6.1 m at 6.02 g/t Au), also intersecting 1.5 m at 1.24 g/t Au. The intercepts confirm grade and mineralization 6 m down dip from historic drillhole CS-367.

The underground exploration drilling program is nearing completion. The primary focus of the drilling program has been to extend the known mineralized domain boundaries and demonstrate continuity of mineralization in areas where drill hole spacing was greater than average. The Copperstone Mine has historically produced, via open pit mining and a whole ore leach gold processing plant, over 500,000 ounces of gold at an average grade of about 3 g/t Au.

Table 1: Underground Core and Surface RC Drilling Results

              Effective
      Interval     True Mining
  From To Length Au Gold(1) Thickness(2) Width (3)
Hole ID meter meter meter oz/ton gram/tonne meter meter
AZG-21-10-17 12.6 17.4 4.8 0.10 3.32 3.8 9.0 
includes 12.6 13.5 0.9 0.21 7.13 0.7 1.7 
also 16.2 17.4 1.2 0.16 5.47 1.0 2.3 
and 43.3 44.0 0.8 0.43 14.80 0.6 1.4 
AZG-21-13-12 12.8 14.3 1.5 0.64 22.07 1.4 3.4 
and 18.3 19.5 1.2 0.34 11.73 1.2 2.8 
AZG-21-13A-18 2.2 3.0 0.8 0.03 1.14 0.2 0.4 
and 45.4 50.1 4.7 0.07 2.34 1.1 2.6 
includes 49.2 50.1 0.9 0.16 5.33 0.2 0.5 
AZG-21-13A-19 18.8 19.9 1.2 0.37 12.67 0.5 1.1 
and 25.6 27.0 1.5 0.07 2.24 0.6 1.4 
AZG-20S-16 222.5 231.6 9.1 0.06 1.98 8.1 14.1 
includes 224.0 227.1 3.1 0.10 3.57 2.7 4.7 
and 263.7 265.2 1.5 0.08 2.69 1.3 2.3 
AZG-20S-23 109.7 125.0 15.2 0.10 3.27 13.5 23.5 
includes 117.3 123.4 6.1 0.18 6.02 5.4 9.4 
and 132.6 134.1 1.5 0.04 1.24 1.3 2.3 

(1) Grades herein are reported as uncapped values.

(2) Estimated distance between the foot wall and hanging wall of the mineralized zone measured perpendicularly to the edges.

(3) Effective Mining Width is defined as the distance between the foot wall and hanging wall of the mineralized zone measured horizontally and matches the planned mining method. The mining method used to calculate reserves will extract ore by drift mining along strike in a defined ore stope. The Effective Mining Width is the width that miners will be working within.

Figure 1: Underground &
Surface Hole Locations – Results with Representative Ore Domains Shown – Plan View:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3d65198a-aa2c-4975-8eec-7ea013947bf0

Figure 2: Cross Section A-A’ Underground Core Holes:
https://www.globenewswire.com/NewsRoom/AttachmentNg/3fc79510-c1c3-4647-ac91-091d8e8c6857

Figure 3: Cross Section B-B’ Surface Hole AZG-20S-16:
https://www.globenewswire.com/NewsRoom/AttachmentNg/86a9bacd-000b-4915-ba56-58f9637f2460

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, SME Registered Member (Geology), who is a “Qualified Person” as defined by NI 43-101 for this project.


Quality Assurance and Quality Control Statement

Procedures have been implemented to assure Quality Assurance Quality Control (QAQC) of drill hole assaying being done at an ISO Accredited assay laboratory. Drill hole samples to be assayed are securely stored for shipment, with chain of custody documentation through delivery. Mineralized commercial reference standards or blank standards are inserted approximately every 20th sample in sequence and results are assessed to ascertain acceptable limits for analytical variance. Duplicate samples will also be taken as a further check in lab precision and accuracy. All results will be analyzed for consistency and corrective actions taken, if needed. 


About Arizona Gold Corp.


Arizona Gold is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona. The Copperstone mine project demonstrates significant upside exploration potential that has yet to be drilled within a 50 square-kilometre (12,258 acres) land package that includes past production of over 500,000 ounces of gold by way of an open-pit operation.

The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties Ltd.

For further information please visit the Arizona Gold Corp. website (www.arizona-gold.com).

Giulio T. Bonifacio, President & CEO John C. Galassini, Executive VP, COO
[email protected] [email protected]



Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking information under Canadian securities legislation including statements regarding drill results, potential mineralization, potential expansion and upgrade of mineral resources and current expectations on future exploration and development plans. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to: the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and other risks involved in the mineral exploration and development industry. Risks and uncertainties about Arizona Gold’s business are more fully discussed in the Company’s disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com
 and readers are urged to read these materials. Arizona Gold assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.



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Goodwill® And Accenture Develop Virtual Experience To Help People Impacted By The Criminal Justice System Enter The Workforce

Second Chance Month: A Time to Spotlight Work That Helps Individuals with Criminal Backgrounds to Successfully Reenter Their Communities

PR Newswire

ROCKVILLE, Md., April 7, 2021 /PRNewswire/ — Goodwill Industries International has teamed with Accenture (NYSE: ACN) to develop an innovative virtual experience called Project Overcome. The experience is designed for people impacted by the criminal justice system who want to enter the workforce. Through a simulated interview experience and a series of stories, users will speak face-to-face with a human resources manager and hear from individuals who overcame challenges they faced when seeking and earning employment after incarceration.

According to the U.S. Department of Justice, more than 650,000 individuals are released from prison each year, and approximately two-thirds are rearrested within three years. As these individuals transition into the workforce, they need to be able to achieve their education and employment goals. Project Overcome uses virtual reality to give users a 3D-immersive experience in a mock interview with an HR manager and a coaching session with a career counselor. This experience is based on realistic scenarios often encountered by individuals who were formerly involved with the justice system. Additionally, six individuals who were impacted by the criminal justice system share their real-life journeys to finding employment. The program uses a branched narrative approach to these dialogues, with the capacity to create millions of unique combinations of how the training can play out — all depending on the individual user’s choices. The goal is to assist people with finding employment by helping them speak comfortably about their incarceration during their job-hunting process, while also learning to use modern technologies in a low-risk environment.

“Project Overcome helps individuals through a unique experience so they can feel empowered to tell their own narratives about their backgrounds to prospective employers,” said Steven C. Preston, president and CEO of Goodwill Industries International. “People impacted by the justice system often experience inequities over the course of their lives coupled with limited work experience and little to no financial resources, stable housing or support systems. This program offers the possibility for the trajectory of their lives to change and allows them to reestablish themselves as contributing members to their communities.”

The virtual solution is a result of collaboration with Accenture, which has long supported Goodwill Industries International’s workforce development efforts as part of its Skills to Succeed initiative, which aims to support and empower people to take on the shifting workforce landscape and build a more economically inclusive world. Since September, the global professional services company has provided a grant and pro bono consulting to Goodwill to develop new ways to address the challenges those impacted by the criminal justice system experience when entering the labor force. The nine-month in-kind engagement with Goodwill includes a series of interviews and surveys of potential users and employment professionals, as well as the development and piloting of the proof of concept.

“COVID-19 is having a disproportionate impact on individuals who were already at risk of being left behind, including those who have criminal backgrounds,” said Jimmy Etheredge, CEO – North America, Accenture. “It’s in our collective interest to lift each other up as we recover from the health, economic and social crisis of the century. When we unleash the combined power of technology and human ingenuity, we can remove barriers and create pathways to opportunity.”

Dan Guenther, extended reality lead at Accenture, added, “Project Overcome demonstrates how VR technologies can be applied to practical, real-world challenges — in this case, by simulating the high-stress job interview situation and allowing users to roleplay in a risk-free environment. The instant, interactive feedback provided allows users to refine or rework their approaches, building the muscle memory and confidence required to successfully interview in person and enter the workforce.”

Ten community-based, nonprofit Goodwill organizations are implementing Project Overcome, including Goodwill Industries of Greater Detroit (Detroit, MI); Gulfstream Goodwill Industries (West Palm Beach, FL); Goodwill Industries of Mississippi Inc. (Ridgeland, MI); Goodwill Industries of Northwest Ohio (Toledo, OH); Goodwill of Western Missouri and Eastern Kansas (Kansas City, MO); Goodwill Industries of Kentucky (Louisville, KY); Goodwill Industries of West Michigan (Muskegon, MI); Goodwill of Southwestern Pennsylvania (Pittsburgh, PA); Goodwill Industries of Northern Illinois and Wisconsin Stateline Area (Rockford, IL); and Goodwill Industries of Central Ohio Inc. (Columbus, OH). Many of these organizations serve the largest number of people impacted by the criminal justice system throughout the Goodwill network of 156 nonprofit organizations in the United States and Canada.

Each year, more than 82,000 people impacted by the criminal justice system achieve their education and employment goals with holistic reintegration services from Goodwill organizations.

ABOUT GOODWILL INDUSTRIES INTERNATIONAL

Goodwill Industries International is a network of 156 community-based, autonomous organizations in the United States and Canada with a presence in 12 other countries. A 501(c)(3) nonprofit that helps people earn employment, Goodwill is recognized with GuideStar’s highest rating, the Platinum Seal of Approval.

Local Goodwill organizations offer skills training, job placement and other community-based programs. Many services are funded by selling donated clothing and household items in more than 3,300 stores and at shopgoodwill.com®. Last year, more than 22 million people used computers and mobile devices to access Goodwill services, and more than 1.5 million people received in-person services.

For more information or to find a Goodwill location near you, visit goodwill.org. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook, Instagram and YouTube: GoodwillIntl.

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SOURCE Goodwill Industries International

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Sun Life to donate additional $1 million toward global COVID-19 relief efforts

Canada NewsWire

In line with World Health Day, the donation will address health inequities, to build a fairer, healthier world for everyone

TORONTO, April 7, 2021 /CNW/ – Today marks World Health Day. As the pressures of the pandemic continue, this year’s theme – to build a fairer, healthier world for everyone – takes on new meaning. In response, Sun Life is announcing an additional $1 million to help ongoing global COVID-19 relief efforts and address health inequities.

This support is in addition to Sun Life’s $1 million donation announced in March 2020. Those funds focused on health care, elder care and addressing food insecurity needs in markets where Sun Life operates: Asia, Canada and the United States.

“Sun Life remains focused on assisting our communities, particularly those most impacted by the pandemic,” said Kevin Strain, President, Sun Life. “COVID-19 has deepened inequities around the world, and our donation directly supports organizations helping those who need it the most. We believe supporting the needs and well-being of the most vulnerable is key to a healthy and sustainable future for our communities.”

Helping Canadians live healthier lives – support for COVID-19

In Canada, a portion of the donation will go toward supporting public health units. This funding will assist with the vaccine rollout in various communities, with an emphasis on seniors and clinics supporting Indigenous populations. The remainder will help organizations address the mental health and food insecurity crisis.

Sun Life has taken actionable steps over the past year to promote the safety and well-being of Clients, employees, advisors and our communities. These include offering relevant and timely COVID-19 resources, many of which are available on Lumino Health, Canada’s largest, free digital health network. Sun Life helped Clients with credit counselling and debt management support through a partnership with the Credit Counselling Society, a non-profit firm. And, Sun Life donated more than $13.7 million to community organizations globally in 2020, including donating more than $4.5 million towards diabetes awareness, prevention and care, increasing our overall total to $38 million since 2012.

As outlined in Sun Life’s 2020 Sustainability Report, actions in support of COVID-19 relief efforts directly align with our Sustainability Plan and purpose.

About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2020, Sun Life had total assets under management of $1,247 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.


Note to editors: All figures in Canadian dollars

SOURCE Sun Life Financial Inc.

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Kontrol Technologies Provides Corporate Update

PR Newswire

TORONTO, ON, April 7, 2021 /PRNewswire/ – Kontrol Technologies Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) (“Kontrol Technologies” or “Kontrol” or “Company“) is pleased to provide a corporate update.

“We continue to make progress towards our 2021 corporate goals,” said Paul Ghezzi, CEO of Kontrol. “We have integrated our previously completed acquisition, New Found Air, added growth in our core business, entered new markets with BioCloud and improved our balance sheet.”   

Outlook

COVID-19 impacted operations in 2020 by making it difficult to access customer sites for the first six months of the year and the Company experienced a deferral of capital projects.  In many cases customers have resumed  or budgeted those projects for completion in 2021.

Based on the significant investments made in 2020 across our operating platform, and with current visibility the Company anticipates FY 2021 revenue of approximately $33 million to $35 million (compared to unaudited revenue of approximately $13 million for FY 2020) and FY 2021 Adjusted EBITDA in the range of $3.7 million (compared to unaudited Adjusted EBITDA of approximately $2.0 million for FY 2020).

The anticipated revenue mix is 70% from the Company’s core business and 30% from BioCloud.

Adjusted EBITDA is a non-IRFS financial measure. The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, and acquisition related expenses.

Please see Forward Looking Information Disclaimer.

Smart Buildings

Over the past year the global pandemic has changed the way in which commercial, multi-residential and industrial buildings are managed and maintained. More than ever, there is an emphasis on how to deploy technology to reduce operating costs, optimize energy savings and increase automation to reduce labor costs while advancing sustainability.

The ability to efficiently aggregate data in real-time and harness that data to drive measurable improvements in energy, emissions and air quality is what Kontrol offers its customers. How we deliver that is through building automation, a recurring service platform and software as a service.

BioCloud

To date the Company has invested approximately $4 million CAD in the development and commercialization of BioCloud with approximately 50% of that investment funding provided by Government sources.   

The Company’s progress to date includes (not in any order):

  • IRAP Funding from the National Research Council of Canada
  • Moving from prototype to commercialization and production
  • Manufacturing improvements in design for scaling purposes
  • 4 patents filed (3 USA and 1 Canada)
  • 14 distribution partners and 3 referral agreements spanning Canada, USA, Middle East, South Korea, Vietnam and China
  • Additional distribution partners in various stages of negotiation
  • Funding from the Ontario Together Fund
  • Units deployed in the field spanning restaurant, sporting, long-term care and other applications
  • Various Non-Disclosure Agreements signed with potential partners and distributors

Distributors are not mandated to purchase BioCloud units but if they don’t achieve their minimum annual targets, they will lose their preferred distributor pricing. Non-exclusive distribution partners have a typical minimum purchase of 250 units annually.

Balance Sheet

As of March 31, 2021, the Company’s debt position has been reduced by approximately $4 million driven primarily by the conversion of the Company’s convertible debt and debt repayment. As of March 31, 2021, approximately $795,000 remains in convertible debentures, which the Company anticipates will be converted in 2021.

In addition, the Company has settled certain vendor hold backs through equity issuance and cash payments.

Over the period from Q3 2020 to March 31, 2021, proceeds from options and warrants exercise of approximately $4.5 million were received.

Uplisting

The Company continues to work on its previously announced uplisting strategy (December 2020) and at the appropriate time will provide an update.

About Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol Technologies provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

https://www.facebook.com/Kontroltechcorp/

https://twitter.com/kontrolgroup

https://www.linkedin.com/company/kontrol-group/

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Non-IFRS Financial Measures

The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization, and depreciation, share based compensation, and acquisition related expenses.
 The Company believes Adjusted EBITDA is a useful measure as it provides information to management about the operating and financial performance of the Company and its ability to generate operating cash flow to fund future working capital needs, as well as future growth. Adjusted EBITDA may also be used by investors and analysts for the purpose of valuing the Company. Readers are cautioned that these non-IFRS definitions are not recognized measures under IFRS, do not have standardized meanings prescribed by IFRS, and should not be construed to be alternatives to net earnings determined in accordance with IFRS or as indicators of performance, liquidity or cash flows.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. 

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected, that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Kontrol
BioCloud is an air quality technology and not a medical device. The Company is not making any express or implied claims that its product has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 Coronavirus).

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date.  Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

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SOURCE Kontrol Technologies Corp.