|By Marketwired .||
|February 8, 2013 02:34 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/08/13 -- Belvedere Resources Limited (TSX VENTURE:BEL) ("The Company") announces as a result of a review by the British Columbia Securities Commission (BCSC), we are issuing the following news release to clarify our disclosure.
The issues identified by the BCSC involve the 2012 progress report and the September 2012 Corporate Presentation titled Investor Update and the Company website as detailed below. The Company retracts this presentation in its entirety and an updated presentation has been placed on the Company website. The Company retracts the 2012 progress report and has removed it from the Company website. The Company has clarified its disclaimer on the website in accordance with the issues identified below. The Company takes these issues very seriously and new systems have been put in place to make sure that the Company's current and future disclosure complies fully with NI 43-101.
Technical Disclosure Issues
1. Non-Compliant Disclosure of Mineral Resources
In its corporate presentation of September 2012, and on the Company's 2012 progress report which were available on the Company website, a number of issues were identified with the way in which the Company reported mineral resources that are contrary to NI 43-101:
a) Inferred mineral resources were added to other categories of resources.
b) The Company failed to disclose each category of mineral resources or mineral reserves separately.
c) The Company disclosed resources solely in the form of metal content.
The summary resources table which detailed the categories, tonnages and grades of the mineral resources for each project was inadvertently missing from the end of the September 2012 corporate presentation.
2. Restricted Disclosure
In both the corporate presentation of September 2012 and the 2012 progress report, the Company had added historical estimates to its current mineral resources, giving the impression that it was treating them as current resources. Subsequent to the dates of these reports, an NI 43-101 compliant resource estimate was announced for the Kopsa Au-Cu project (News Release, 29th October, 2012). The remaining historical resources are such a minor component of the Company's resource base that all references to historical resources have now been removed from the Company's disclosures. Consequently, the misleading historical figures have now been replaced or removed, and all Company disclosures (website, presentations etc) have been checked and replaced with the updated figures compliant with the requirements of NI 43-101.
3. Qualified Person
On its website, 2012 progress report and corporate presentation, the Company failed to properly identify, and disclose the relationship to Company, of the qualified person who approved, prepared or supervised the preparation of the technical information. The Company has now added the relationship of the Qualified Person to the Company and states that the qualified person prepared and approved the technical information contained within the relevant website and other disclosures.
For purposes of clarity, the Company retracts all previous references to its gold resources from the aforementioned disclosures, and replaces them with the following summary resources table, detailing the categories, tonnages and grades of the mineral resources listed above, as well as the titles and dates of the relevant supporting Technical Reports.
To see the resource table, please select the following link:
Relevant Technical Reports
-- "Mineral Resource Estimate of the Rantasalmi Gold Project in Finland" filed on SEDAR October 19th, 2011, prepared by Alexandra Akyurek (CSci, MSc MIMMM) acting as an Independent Qualified Person according to NI 43- 101. -- "Kopsa Gold-Copper Deposit, Central Ostrobothnia, Finland" filed on SEDAR 29th October 2012, has been prepared under the supervision of Pekka Loven (MSc), MAusIMM(CP) #301822, who is acting as an Independent Qualified Person in compliance with NI 43-101. The results were first disclosed in a press release dated 29th October, 2012. -- "Hirsikangas Gold Deposit, Central Ostrobothnia, Finland." filed on SEDAR 30th November, 2009, prepared by Thomas Lindholm MSc (FAusIMM) acting as an Independent Qualified Person according to NI 43-101. -- "The Kiimala Property, Central Ostrobothnia, Finland." filed on SEDAR October 12th, 2011, prepared by Hannu Makkonen PhD (EurGeol) acting as an Independent Qualified Person according to NI 43-101.
About Belvedere: Belvedere Resources Limited is a mining Company incorporated in British Columbia with a primary focus on nickel, gold, cobalt and copper in Finland. The Company currently produces 2200t of nickel in concentrate/year from the Hitura nickel mine in Central Finland. The Company has a number of advanced gold projects in close proximity to the Hitura mine.
Qualified Person Statement: The technical contents of this news release have been prepared and approved by Dr. Toby Strauss (CGeol), a person qualified under the terms of National Instrument 43-101. Toby Strauss is an Officer and a Director of the Company.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Belvedere Resources Ltd.
Belvedere Resources Ltd.
Suite #404, Vancouver World Trade Centre, 999 Canada Place
V6C 3E2, Canada
Humbercrest Capital Inc.
+1 647 274 2536
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Jan. 20, 2017 12:45 AM EST Reads: 2,862
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Jan. 20, 2017 12:45 AM EST Reads: 4,101
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Jan. 20, 2017 12:45 AM EST Reads: 2,800
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jan. 20, 2017 12:00 AM EST Reads: 6,325
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
Jan. 19, 2017 11:45 PM EST Reads: 9,907
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jan. 19, 2017 09:45 PM EST Reads: 6,815
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Jan. 19, 2017 09:45 PM EST Reads: 7,696
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 19, 2017 09:00 PM EST Reads: 4,552
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Jan. 19, 2017 08:45 PM EST Reads: 5,387
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Jan. 19, 2017 07:30 PM EST Reads: 4,237
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
Jan. 19, 2017 05:30 PM EST Reads: 3,640
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Jan. 19, 2017 05:15 PM EST Reads: 3,113
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Jan. 19, 2017 05:15 PM EST Reads: 1,339
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 19, 2017 04:45 PM EST Reads: 3,770
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Jan. 19, 2017 04:45 PM EST Reads: 3,491