Click here to close now.



Welcome!

News Feed Item

Allante Resources Ltd.: Corporate Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/10/14 -- Allante Resources Ltd. (TSX VENTURE:ALL.H) (formerly Precision Enterprises Inc.) (the "Company") announces that it has filed on SEDAR two geological reports in respect of mineral exploration properties located in Gabon.

The title and effective date of the reports are:

"Mineral Evaluation, National Instrument Form 43-101F1 Technical Report" dated January 18, 2014 in respect of the Malinga Project, Ngounie, Gabon (the "Malinga Project"); and

"Mineral Evaluation, National Instrument Form 43-101F1 Technical Report" dated January 15, 2014 in respect of the Ndangui Project, Ogooue-Lolo, Gabon (the "Ndangui Project" and, together with the Malinga Project, the "Projects").

The Projects are held by Allante Resources Inc. ("ARI"), the target in the Company's previously announced proposed qualifying transaction (the "QT"). Each of the Projects is comprised of an exploration permit in Gabon located in west equatorial Africa. The Malinga Project covers an area of 315km2, and the Ndangui Project covers an area of 157km2. As disclosed in the geological reports, the Projects host areas anomalous in platinum group elements, including platinum, palladium, nickel and chrome as well as target areas anomalous in gold.

The terms of the QT are described in the Company's news release dated November 19, 2013. Subsequent thereto, the Company and ARI agreed to extend the date by which the QT shall be completed to March 31, 2014.

Following completion of the QT, the Company intends to conduct further exploration on the Projects, with a primary focus on the Malinga Project. The recommended initial phase work program on such project is $400,000, over half of which is budgeted to conducting geochemistry work.

The two geological reports were prepared on Form 43-101F1 of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and pursuant to the requirements of the TSX Venture Exchange in connection with the QT. The geological reports are not being filed as a requirement of NI 43-101. The author of the reports is Jacques Marchand, P.Eng., P.Geo., an independent qualified person within the meaning of NI 43-101. Mr. Marchand has reviewed and approved this news release.

ON BEHALF OF THE BOARD

Joe DeVries, President and CEO

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.

Forward-Looking Statements

This news release contains statements of forward-looking information (or "FLI") including those in respect of the Company's exploration plans and the completion of the QT. FLI involves risks and uncertainties which could cause actual results to vary from the FLI. The risk factors that could cause actual results to differ materially include: availability of capital and financing required to complete the QT and the concurrent financing which is a condition thereto; general economic, market or business conditions; the risk that remaining stock exchange and regulatory approvals will not be obtained on a timely basis or at all; and the inherent risks involved in the exploration and development of mineral properties in Africa. The material factors and assumptions on which the FLI is based include the assumption that sufficient financing will be raised, the QT will be completed, the Company (after the QT) will maintain control of the Projects and will be able to undertake its planned work program. Such information represents management's best judgment based on information currently available. Readers are advised not to place undue reliance on FLI. The Company undertakes no obligation to update FLI except as required by applicable law.

Contacts:
Allante Resources Ltd.
Joe DeVries
President and CEO
(604) 336-8616

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including clou...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...