|By Marketwired .||
|November 16, 2012 08:31 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/17/12 -- Calypso Uranium Corp. ("Calypso" or the "Company") (TSX VENTURE:CLP) is issuing this news release as a result of a review by the British Columbia Securities Commission ("BCSC") and to clarify previous disclosure.
La Pintada Project, Argentina
The Company's La Pintada Project is located in Mendoza Province, Argentina. The Company's website (the "Website") previously included disclosure of a uranium resource estimate for the La Pintada Project. The La Pintada Project was previously the subject of diamond core drill programs conducted by the National Atomic Energy Commission ("CNEA") in the 1970's. The previously reported historical resource estimate, which was based on information from an unpublished CNEA technical report (La Pintada, 1980, by Perez, CNEA unpublished), was small and immaterial to the Company.
The previously disclosed historical resource estimate did not use the resource categories prescribed by Canadian National Instrument 43-101 ("NI 43-101") adopted by the CIM Council and also did not include the information required by NI 43-101 regarding quantities and grades of resources. A qualified person has not been able to verify the resource estimate and is not able to classify such estimate as current mineral resources in accordance with NI 43-101. The Company is not treating this resource estimate as a current mineral resource as defined in NI 43-101 and this resource estimate is not necessarily indicative of potential quantities or grades of mineralization on the Company's La Pintada Project. Because the previously disclosed uranium resource was not compliant with NI 43-101 disclosure requirements applicable to all disclosure of resource estimates, the Company retracts its prior disclosure of the uranium resource.
Adjacent and Proximate Properties
The Website also previously included disclosure of resource estimates for the Sierra Pintada uranium mine. The Company's La Pintada Project is located adjacent to and surrounds the southern portion of the Sierra Pintada uranium mine properties. The Sierra Pintada uranium mine is not owned by the Company and is controlled by CNEA. The Sierra Pintada uranium mine was in production from 1976 until 1998, after which it was put into stand by. The information relating to the reserves and grades at the Sierra Pintada uranium mine was derived from public disclosure made by CNEA including a report titled "Yacimiento Doctor Baulies y otros depositos del distrito uranifero Sierra Pintada, Mendoza", Salvarredi, Julio, 1999 at "Recursos Minerales de la Republica Argentina", Ed. E. O. Zappettini, Instituto de Geologia y Recursos Minerales SEGEMAR, (Anales 35: 895-906, Buenos Aires). A further report titled "The Uranium 2011: Resources, Production and Demand", 2012, by the Organisation for Economic Co-operation and Development ("OECD"), Nuclear Energy Agency ("NEA"), and International Atomic Energy Agency ("IAEA") (OECD 2012 NEA N degrees 7059), includes new resource estimates for the Sierra Pintada uranium mine as of January 1, 2011 (the "Uranium 2011 Report").
The Company's news release dated February 22, 2012 (the "February News Release") and the Website previously included disclosure about resource estimates about the Cerro Solo uranium deposit. The Cerro Solo deposit referred to in the February News Release and the Website is a deposit controlled by the CNEA and not by the Company. CNEA's Cerro Solo deposit is located approximately 30km north of the Company's San Blas properties included in the Company's San Jorge Basin Project. The Cerro Solo deposit has been the subject of extensive historical exploration activity. Resource estimates for the deposit included in the February News Release and the Website were extracted from in public reports released by CNEA, titled, "El Deposito Cerro Solo", 2005, Comision Nacional de Energia Atomica, Argentina" and "El Proyecto Cerro Solo, Provincia de Chubut: Un proyecto promisorio, 2007, Comision Nacional de Energia Atomica. Argentina". Further disclosure of resource estimates was included in the Uranium 2011 Report.
The previously disclosed resource estimates regarding the CNEA's Cerro Solo deposit and the CNEA controlled Sierra Pintada uranium did not use the resource categories prescribed by NI 43-101 adopted by the CIM Council, and did not include the information required by NI 43-101 regarding quantities and grades of resources. A qualified person has not been able to verify the previously disclosed resource estimates and is not able to classify such estimates as current mineral resources in accordance with NI 43-101. The Company is not treating these estimates as current mineral resources as defined in NI 43-101 and these estimates are not necessarily indicative of potential quantities or grades of mineralization on the Company's own properties. Because of their non-compliance with NI 43-101, the Company retracts its prior disclosure of the uranium or U3O8 resource or reserve estimates for the adjacent Sierra Pintada and nearby Cerro Solo properties.
As previously disclosed by the Company, the Company has placed all operations on the Company's properties in Argentina on care and maintenance and has closed its Mendoza office.
Guillermo Pensado, the Company's VP of Exploration, a Qualified Person as defined by NI 43-101, approved this news release.
Calypso Uranium Corp. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Argentina. Calypso holds approximately 442,000 hectares or 4,420km2 of claims and mineral concessions in the provinces of Chubut, Mendoza and Neuquen. Further information is available under the Company's profile at www.sedar.com.
CALYPSO URANIUM CORP.
Stephen Barley, President & CEO
Shares Outstanding: 50,630,819
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.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 3, 2015 11:30 PM EDT Reads: 249
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 3, 2015 11:00 PM EDT Reads: 694
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 3, 2015 10:45 PM EDT Reads: 220
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 3, 2015 06:45 PM EDT Reads: 536
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Aug. 3, 2015 05:45 PM EDT
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 3, 2015 04:00 PM EDT Reads: 277
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Aug. 3, 2015 03:45 PM EDT
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
Aug. 3, 2015 03:30 PM EDT
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Aug. 3, 2015 03:15 PM EDT
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 3, 2015 03:00 PM EDT Reads: 560
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 3, 2015 12:30 PM EDT Reads: 209
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 3, 2015 09:45 AM EDT Reads: 369
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 3, 2015 07:30 AM EDT Reads: 194
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,140
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 439