|By Marketwired .||
|August 12, 2014 06:15 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/12/14 -- Aegean Metals Group Inc. (TSX VENTURE: AGN)(FRANKFURT: A91) ("Aegean" or the "Company") is pleased to provide the following update on exploration activities at its 100%-owned Dona Ines and Exploradora East prospects in northern Chile's Region III. The Dona Ines property is located within an underexplored epithermal gold-silver belt that extends northwards from the Maricunga belt to the Peruvian border, where Gold Fields Limited ("Gold Fields") made the Salares Norte gold-silver discovery. The Exploradora East prospect is located approximately 10 km north-northwest of Dona Ines, but lies within one of Chile's most productive porphyry copper belts that include the nearby El Salvador mining operations owned by the Corporacion Nacional del Cobre de Chile ("Codelco").
"Aegean's staking of the Dona Ines and Exploradora East properties in early 2014 was the direct result of a regional target generation program focused on the discovery of covered epithermal gold and porphyry copper deposits in Chile's most prospective mineral belts," commented Eric Roth, Aegean's President & CEO. "Strong precious metals anomalies have been identified on surface at the Dona Ines property, which we now plan to follow-up with ground geophysics and drill testing in short order. At Exploradora East, prominent base metal anomalies have been identified on surface and suggest potential for porphyry style mineralization underlying ignimbrite cover. Separately, we are also pleased to be progressing with the application for the listing of our shares on the Bolsa de Valores de Santiago ("Santiago Stock Exchange"), which will complement our TSX.V and Frankfurt listings and provide Chilean investors with the opportunity to acquire Aegean shares through a local exchange."
Dona Ines Gold-Silver Prospect
The Dona Ines prospect is located approximately 190 km NE of the city of Copiapo in Chile's Region III, within an underexplored, predominantly Miocene-age volcanic arc and epithermal gold-silver belt that extends from the northern margin of the Maricunga District to the Peruvian border. Recent discoveries in this belt include Gold Fields Salares Norte project (May 2014 Inferred Resource of 23.3 Mt @ 4.2 g/t Au and 44 g/t Ag, for 3.1 Moz Au and 34 Moz Ag) and Pircas prospect (oxidized high sulfidation epithermal system), which are located approximately 20 km E and 22 km SE of Dona Ines, respectively. The Dona Ines prospect is covered by 3,300 Ha of exploration concessions that are 100% controlled by Aegean's Chilean subsidiary, Minera AMG Chile Limitada ("AMG Chile").
As the Dona Ines property is covered by a thin layer of post-mineralization cover, field work has initially focused on partial leach extraction (Mobile Metal Ion, or MMI) geochemistry. The MMI samples were taken on a 200 m x 200 m grid, and were routinely analyzed for the elements Au, Ag, Cu, Mo, Ba, As, Sb & Hg. Results obtained from the MMI sampling have defined a strongly anomalous Au-Ag-As-Mo metal association at Dona Ines, together with relatively weaker Cu-Ba anomalies. The response ratios calculated for both Au and Ag are exceptionally high (310 and 35, respectively), and suggest derivation from a source with elevated gold and silver values. The central gold anomaly also occurs within a zone of argillic alteration, and represents a priority area for further work.
Future work at Dona Ines will focus on the targeting of a buried high sulfidation epithermal system using a combination of geophysical techniques, including IP (dipole-dipole) and ground magnetic surveys. Drilling will then be undertaken on combined geophysical and geochemical anomalies on a strictly priority basis.
Exploradora East Prospect
The Exploradora East prospect is located approximately 10 km NNW of the Dona Ines prospect, along the eastern margin of Chile's Eocene-Oligocene porphyry copper belt. The Exploradora East prospect is covered by 4,300 Ha of exploration concession that are 100% controlled by Aegean's Chilean subsidiary, AMG Chile.
As the Exploradora East property is completely covered by a post-mineralization ignimbrite/tuff sequence of probable Quaternary-age, initial field work has focused on partial leach extraction geochemistry. The MMI results indicate a Cu-Mo-Au-Ag dominant geochemical signature at Exploradora East. In addition, the prominent NE-SW trend of the Cu, Mo, and to a lesser extent Au and Ag anomalies, appears to suggest a strong NE-trending structural control within the area. However, the response ratios observed for Cu, Mo and Au are relatively modest (up to 15, 95, and 248, respectively), and are suggestive of attenuation by the post-mineralization ignimbrite cover. Full results from the MMI sampling at Exploradora East are available at http://www.aegeanmetalsgroup.com/projects/exploradora_east/.
Future work at Exploradora East will focus on the targeting of a buried porphyry copper system using a combination of ground geophysical techniques, including IP and magnetic surveys, to identify drill targets.
Vicuna-Llareta Prospect, Chile
On February 28, 2014, Aegean announced the signing a binding Letter of Intent with a Chilean vendor to acquire a 100% interest in the Vicuna-Llareta prospect in northern Chile. After completion of the Due Diligence phase, Aegean has decided to not proceed with the signing of the Definitive Agreement and has formally advised the vendor accordingly. No further work will be undertaken at Vicuna-Llareta.
Santiago Stock Exchange Listing
Aegean is also pleased to announce that it has applied to have its common shares listed on the new Santiago Stock Exchange, Venture. On March 3, 2014, the Santiago Stock Exchange and the TSX Venture Exchange ("TSX.V") entered into an agreement that will lead to the creation of a new venture exchange of the Santiago Stock Exchange, the Santiago Stock Exchange, Venture. Aegean's Santiago Stock Exchange listing will complement its existing TSX.V and Frankfurt listings by providing Chilean investors with the opportunity to acquire Aegean's shares on a local exchange.
Chile Explore Report
Finally, Aegean is pleased to announce that President & CEO, Eric Roth, was featured in the August issue of the Chile Explore Report. The full article is available on the Company's website at http://aegeanmetalsgroup.com/investors/media/.
About Aegean Metals Group Inc.
Aegean Metals Group Inc. (TSX VENTURE: AGN) is a Canadian junior exploration company focused on the acquisition, exploration and development of high grade gold, copper and polymetallic deposits in favourable jurisdictions that have the potential to become operating mines with strong cash flows. The Company currently holds two projects in Turkey: the recently optioned Hot Maden gold and base metal prospect in northeast Turkey and the Ergama high sulfidation epithermal gold prospect in western Turkey, where Aegean will ultimately retain a 49% interest upon completion of Teck Resources' back-in expenditure commitments. In northern Chile, the Company also recently staked two new exploration prospects, the Dona Ines gold-silver property and the Exploradora East prospect. For more details on the Company, please visit www.aegeanmetalsgroup.com.
Qualified Person's Statement
The information presented in this press release has been reviewed by Eric Roth, President & CEO of Aegean Metals Group Inc, and is considered to be in compliance with NI 43-101 reporting guidelines. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 25 years of experience in international minerals exploration and mining project evaluation.
This news release includes certain "forward-looking information" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company contain forward-looking information that involves various degrees of risk. Forward-looking information reflects management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking information are reasonable, such information and statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking information. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking information: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied to develop this forward-looking information as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.
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.
To view the images accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/962123.pdf
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 6, 2016 01:00 AM EST Reads: 1,836
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 12:45 AM EST Reads: 799
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 6, 2016 12:30 AM EST Reads: 3,854
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Dec. 6, 2016 12:30 AM EST Reads: 1,189
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Dec. 6, 2016 12:30 AM EST Reads: 4,567
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 6, 2016 12:00 AM EST Reads: 851
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Dec. 5, 2016 11:45 PM EST Reads: 4,287
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 5, 2016 10:45 PM EST Reads: 2,069
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 10:30 PM EST Reads: 975
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 10:30 PM EST Reads: 1,050
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Dec. 5, 2016 09:00 PM EST Reads: 4,953
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 5, 2016 08:45 PM EST Reads: 493
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Dec. 5, 2016 07:45 PM EST Reads: 2,224
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Dec. 5, 2016 07:45 PM EST Reads: 2,087
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Dec. 5, 2016 07:15 PM EST Reads: 5,053