|By Marketwired .||
|May 6, 2014 02:09 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 05/06/14 -- J.A.G. MINES LTD (JAG) (TSX VENTURE:JML) and its subsidiary OLITRA Inc. announce that the discovery of natural gas by companies Ressources et Energie Squatex and Petrolympic has been very well received. JAG wishes to publish an update concerning the progress of its exploration work in the Bas-Saint-Laurent region, particularly on its vast Temiscouata property that extends from Riviere Bleue, near the border with Maine, up to the Rimouski reserve, an area of 89,147 hectares (222,868 acres).
Following a thorough exploration campaign lead by geologist Marc R. Lafleche from the Institut national de la recherche scientifique (INRS), JAG has identified on the Temiscouata property three highly abnormal domains of soil gas, characterized by very high concentrations of methane, ethane, propane and butane, and molecular ratios revealing the presence of thermogenic hydrocarbon sources (within rock), probably hosted in the Ordovician and Silurian sedimentary rocks of the region. These units are overlain by the Devonian shale of Temiscouata which forms an impervious barrier. Numerous showings of variably dolomitized reefal limestone, as well as sandstones similar to Gaspe sandstones (ZEC Owen sector), occur and will be investigated by JAG in 2014. Consequently, the Company intends to complete a number of core drill holes similar to those of the mining industry in view of documenting the presence of reservoirs and locate host rock units responsible for hydrocarbon generation. From west to east, priority targets to be investigated through geophysics and drilling are the St-Eusebe and Lake Ango in ZEC Owen sectors, and the vicinity of the wildlife reserve of Rimouski bordering the Squatex-Petrolympic property, host of the conventional natural gas discovery in Bas-Saint-Laurent.
As part of its funded works for gas and oil exploration, JAG should be able to present by June 2014 the initial results of a large-scale pedogeochemical and radiometric study conducted on the whole area of its Pohenegamook property. Said property is located in Bas-Saint-Laurent, west of the Temiscouata property, and encompasses an area of 133,459 hectares (333,648 acres). It is important to note that the Pohenegamook property is in close proximity to the Parke wells site, whose potential for natural gas storage is being evaluated by Intragaz.
In other respects, JAG is pursuing its gold exploration activities on its Belleterre property in Temiscamingue. From October to November 2013 and in March 2014, JAG had a high- resolution gravimetric survey performed in order to refine geometry and relative importance of the main auriferous and intrusive structures located west of the old Belleterre mine. The gravimetric data are added to the new high-resolution audio- magnetotelluric sections executed on the Aubelle, Castor, Village and Boudrias prospects.
From September to November 2013, a team of geologists proceeded to a study and channel sampling from the Boudrias and Village showings and prospected new showings (JAG-1, JAG-2, JAG-3, JAG-4 and JAG-5) that reveal the presence of polymetallic porphyritic mineralisation located in the eastern part of the property. A wide-ranging lithogeochemical study of volcanic, sedimentary and intrusive rocks, as well as iron and chert formations, was completed during the 2013-14 winter. This study strongly suggests the presence of high-temperature volcanogenic hydrothermalism during the orogeny of the Belleterre volcanic rocks. This conclusion implies a strong potential for the discovery of volcanogenic polymetallic massive sulphides.
A mineragraphic study is ongoing at INRS in order to characterize gold distribution in the main zones of auriferous mineralisation on the property. This study aims at providing data on granulometry and degree of gold liberation with the objective of optimizing metallurgical work to be performed on bulk samples that will be gathered in early summer and early fall of 2014, and improving resource estimation models.
The geological portion of this press release was reviewed by Marc Richer-Lafleche, geologist and professor at the Institut de la Recherche Scientifique de Quebec, qualified person as required by NI 43-101, and approved its publication.
J.A.G. Mines Ltd is a public corporation, incorporated in April 1976 under the Canada Business Corporations Act. JAG is engaged in the exploration and development of mining projects, all located in the province of Quebec, aiming at their eventual commercial exploitation. JAG and its subsidiary Olitra are also active in the search for gas and oil in the province of Quebec.
Cautionary Language and Forward-Looking Statements
All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in forward-looking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Sep. 25, 2016 03:15 PM EDT Reads: 4,370
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 25, 2016 03:00 PM EDT Reads: 1,543
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 25, 2016 02:45 PM EDT Reads: 2,471
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 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 solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 25, 2016 02:30 PM EDT Reads: 2,299
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 25, 2016 02:30 PM EDT Reads: 1,505
SYS-CON Events announced today that Pulzze Systems 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. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Sep. 25, 2016 02:15 PM EDT Reads: 1,792
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 25, 2016 02:00 PM EDT Reads: 1,511
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 25, 2016 02:00 PM EDT Reads: 2,580
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Sep. 25, 2016 01:00 PM EDT Reads: 819
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 25, 2016 12:45 PM EDT Reads: 2,426
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th 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 dev...
Sep. 25, 2016 12:15 PM EDT Reads: 3,374
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 25, 2016 12:15 PM EDT Reads: 1,092
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 25, 2016 11:45 AM EDT Reads: 1,640
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 25, 2016 11:30 AM EDT Reads: 1,509
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 25, 2016 11:00 AM EDT Reads: 1,565