|By Marketwired .||
|January 9, 2013 04:49 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/13 -- F.D.G. Mining Inc. (TSX VENTURE:FDG) (the "Company") is pleased to provide an update to shareholders with regards to company operations including those that concern the Company's flagship Topacio Property, located in eastern Nicaragua, Central America. The focus of this update concerns the latter half of 2012. The Company achieved a number of important milestones, including:
Board of Directors Changes: The Company welcomed new Board members: -- Mr. Marc Bamber, London, Financier. -- Mr. William Dunn, Yukon, Mining Engineer. -- Mr. Ian Mann, Bermuda, Fund Manager. Management Changes: -- Mr. David St Clair Dunn was appointed President and CEO. -- Mr. Tibor Gadjics was appointed Executive Vice President, Corporate Affairs. Financial Reports/Affairs: -- The Company arranged financing of $531,000 through existing shareholders and has used this funding to support exploration and corporate activities through 2012. -- General and Administrative costs were reduced by 25%. Resource Estimate Tripled: -- An updated NI 43-101 report completed in November showed a 298% increase to previous resource estimates at Topacio. More than 340,000 ounces of gold at an average grade of 3.9g/t within 150m of the surface were identified in the Inferred category.(i) -- A resource estimate of more than 124,000 ounces of gold amenable to open cut mining in the inferred category was identified at Topacio.(ii) -- Multiple targets for future exploration programs were identified through trenching and drilling. -- A further 1329 samples from 20 new trenches are in process. -- An additional 14 veins were identified which are not included in the updated resource estimate. Permits and Property Agreements: -- An option to acquire 100% of the Topacio concession was extended by 41 months to April 30, 2016. -- Municipal exploitation permits were granted for Topacio. -- An Agreement to acquire 100% of the San Pedro property, located 1 km from the B2Gold Jabili deposit, was completed pending TSX approval. -- Exploration permits on 100% owned El Santo were received, paving the way for aggressive trenching, soil sampling and drill programs. On the basis of achieving these milestones the Company intends to build on the present momentum and make further significant gains in 2013, including: Resource Development: -- An intention to raise the open pittable resource estimate at Topacio to 250,000 ounces or more. -- An intention to raise the global resource at Topacio to 500,000 ounces or more. -- An intention to increase confidence in the global resource at Topacio by bringing a significant number of ounces into the Indicated and Measured Resource categories. Permitting: -- The process for Governmental exploitation permits at Topacio will continue. The Company anticipates the granting of the production permit at Topacio in Q3 2013. Corporate Social Responsibility: -- Completed 8km's of all-weather road at Topacio -- Supported the commissioning of a New School on the property Financing of the Company: -- The Company expects to announce and complete a financing in Q1 2013.
"Through a challenging year for our industry as a whole, FDG has restructured its management, wrestled control of its finances and simultaneously tripled our resource calculations, positioning the Company as one of the most exciting prospects in the Latin American gold exploration sector. We are determined to build on these gains with aggressive drill and trenching programs designed to add long term shareholder value.
We believe that in Topacio we have an exceptional opportunity. We have identified an open pit resource as well as grades available at depth. We believe we can quickly and efficiently add to both. The addition of 14 new veins could further increase our resources significantly as the current estimate is now contained in less than 10% of the 25 known veins. In the medium term our present geological data suggests that Topacio has the potential to become a Company building production scenario.
I intend for 2013 to be the year when FDG starts to realize these opportunities and to show our shareholders, present and future what value the Company can bring."
On Behalf of the Board of Directors
David St. Clair Dunn, P.Geo., President and CEO
For further updates of company operations please contact Mr. Tibor Gadjics, Executive VP of Corporate Affairs or Mr. Toby Manson, Director of Communications - alternatively, visit www.fdgmining.com.
(i) Present NI 43-101 resource estimate updated in November 2012 is for an Inferred Mineral Resource of 2,716,176 tonnes grading 3.90 g/t gold, containing 340.345 ounces of gold.
(ii) For more information, please refer to present NI 43-101 resource estimate available at www.fdgmining.com or listed under the Company's documents on SEDAR.
The technical information in this news release has been reviewed and approved by David St. Clair Dunn, P.Geo., President and CEO of the Company and a Qualified Person as defined under National Instrument 43-101 ("NI 43-101").
About F.D.G. Mining Inc. (www.fdgmining.com):
F.D.G. Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession to near term production. Topacio has an NI 43-101 compliant inferred resource of 2,716,176 tonnes grading 3.90 g/t gold, containing 340.345 ounces of gold, and a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.
FDG Mining Inc.
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
Oct. 22, 2016 01:15 AM EDT Reads: 879
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Oct. 22, 2016 01:15 AM EDT Reads: 790
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Oct. 22, 2016 01:00 AM EDT Reads: 8,121
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
Oct. 22, 2016 12:30 AM EDT Reads: 3,482
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Oct. 22, 2016 12:30 AM EDT Reads: 465
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
Oct. 22, 2016 12:15 AM EDT Reads: 949
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Oct. 22, 2016 12:00 AM EDT Reads: 5,926
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Oct. 22, 2016 12:00 AM EDT Reads: 3,809
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Oct. 22, 2016 12:00 AM EDT Reads: 933
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
Oct. 21, 2016 11:45 PM EDT Reads: 866
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Oct. 21, 2016 11:45 PM EDT Reads: 982
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
Oct. 21, 2016 11:45 PM EDT Reads: 3,186
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Oct. 21, 2016 11:45 PM EDT Reads: 4,408
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
Oct. 21, 2016 11:15 PM EDT Reads: 1,137
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Oct. 21, 2016 10:00 PM EDT Reads: 33,894