|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.
SYS-CON Events announced today that Enzu 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. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
Oct. 28, 2016 07:30 PM EDT Reads: 1,489
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
Oct. 28, 2016 07:15 PM EDT Reads: 675
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Oct. 28, 2016 07:00 PM EDT Reads: 409
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls...
Oct. 28, 2016 07:00 PM EDT Reads: 398
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Oct. 28, 2016 07:00 PM EDT Reads: 4,243
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, will discuss the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They will also review two "free infrastruct...
Oct. 28, 2016 06:30 PM EDT Reads: 381
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
Oct. 28, 2016 06:30 PM EDT Reads: 664
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Oct. 28, 2016 06:15 PM EDT Reads: 2,940
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, you'll learn about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how Docke...
Oct. 28, 2016 05:45 PM EDT Reads: 1,731
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Oct. 28, 2016 05:30 PM EDT Reads: 3,331
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Oct. 28, 2016 05:30 PM EDT Reads: 323
President Obama recently announced the launch of a new national awareness campaign to "encourage more Americans to move beyond passwords – adding an extra layer of security like a fingerprint or codes sent to your cellphone." The shift from single passwords to multi-factor authentication couldn’t be timelier or more strategic. This session will focus on why passwords alone are no longer effective, and why the time to act is now. In his session at 19th Cloud Expo, Chris Webber, security strateg...
Oct. 28, 2016 04:45 PM EDT Reads: 334
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. 28, 2016 04:30 PM EDT Reads: 1,230
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Oct. 28, 2016 04:30 PM EDT Reads: 785
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Oct. 28, 2016 04:30 PM EDT Reads: 5,256