An analysis of U.S. COVID-19 testing bodes extremely well for Sona Nanotech and its Rapid Response antigen-based test…
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Jon, hearing Sona management is in blackout since Friday. Have you heard anything to this effect?
Comment by Dan1 — August 15, 2020 @ 8:46 pm
Can’t confirm that this morning but have heard the same rumor, Dan1…would not be surprising as the final information comes together (clinical trial results) for FDA submission…given the testing situation in U.S., the FDA will be under pressure to quickly approve SONA test…24 hours to 7 days is the best guess, from time of submission…
Comment by Jon - BMR — August 16, 2020 @ 6:46 am
Hi Dan And Jon , Ive heard the same rumour with Sona
Comment by Vancouverisland — August 16, 2020 @ 12:50 pm
There was approval of a test yesterday by the FDA, which is encouraging with regard to SONA as it completes its trials and submits to the FDA shortly.
The Food and Drug Administration issued an emergency use authorization (EUA) to Yale School of Public Health for its SalivaDirect COVID-19 diagnostic test, which uses a new method of processing saliva samples when testing for COVID-19 infection.
The FDA admits it has seen “variable performance” in tests using saliva, but approved this test anyway.
Comment by Jon - BMR — August 16, 2020 @ 1:19 pm
An interesting note ~ that has kept me invested with not selling my shares , was the fact that on Sona’s balance sheets ~ wages were consistent For the past 5 years ~ no money grabs , just slow , steady, and responsible ~ which is very interesting considering the education achievements and opportunity their staff have for other employment more lucrative (I’m assuming) seems they believe in the value of their work
Comment by Vancouverisland — August 16, 2020 @ 10:21 pm
SASSY RESOURCES COMMENCES TRADING; EXECUTES MAIDEN EXPLORATION CAMPAIGN
Trading of Sassy Resources Corp.’s common shares commenced today, Monday, Aug. 17, on the Canadian Securities Exchange (CSE) under the symbol SASY.
Sassy Resources Corporation became a reporting issuer in the provinces of British Columbia and Alberta upon the closing of its spinout Plan of Arrangement from Enduro Metals Corporation (TSXV: ENDR) (formerly Crystal Lake Mining) on February 18, 2020.
Mr. Mark Scott, Sassy Chief Executive Officer, commented: “On behalf of the Board of Directors and Executive Officers of Sassy Resources, I am very pleased Sassy has received final listing approval from the CSE. This is a significant milestone in the development of the Company and supports the execution of our capital and operations strategy moving forward. I am equally pleased that Sassy has initiated its maiden exploration program at the Foremore Gold-Silver Project, with Phase I of a planned two-phase drilling program for 2020 having started on July 20.
“Foremore consists of 35 mineral claims covering 146 sq. km of high-grade gold-silver targets in the Eskay Camp district in the heart of Northwest B.C.’s prolific Golden Triangle,” Mr. Scott continued. “Sassy looks forward to sharing more detail about the exciting Foremore Gold-Silver Project and the initial results of our work in the weeks ahead. Since May we have raised approximately $3.5 million at hard dollar prices of 25 cents (May) and 30 cents (July) per share to execute at Foremore and prepare for fall/winter activity elsewhere. As the name suggests, Sassy is going to be lively, bold and full of spirit.”
Sassy Share Structure
Sassy features an attractive share structure with a total of only 29,082,961 shares currently issued and outstanding. This total includes 10 million shares issued to Enduro (formerly Crystal Lake) shareholders in a dividend spinout earlier this year.
Four-month holds on the May and July 2020 financings (5.7 million shares issued in May and 6.5 million shares issued in July) expire September 22 and November 29, 2020, respectively, leaving 15,055,816 shares free-trading as of August 17 (1,814,184 shares currently subject to escrow will be released in equal instalments every six months for the next 36 months).
Just under 17.2 million warrants are outstanding, mostly from the May and July private placements with 30-month expiry dates, for the potential to add another $6.3 million to the Company’s treasury.
The Sassy Team
– Mark Scott (President, CEO, Director) was most recently Vice President of Vale Canada and head of its Manitoba Operations, overseeing all aspects of the operation;
– Sean McGrath (CFO) has spent more than 20 years providing financial management and consulting services to publicly traded companies, with primary emphasis in the resource sector;
– Ian Fraser (P.Geo., VP-Exploration), an expert in geological models and structural settings, has enjoyed a successful 30-year career in the resource sector, working with numerous junior and senior mining and exploration companies;
– Rob Stewart (P.Geo., Independent Director) was most recently Manager of Regional Exploration and Mines Geology for Vale Canada’s Manitoba Operations. He has played a critical role in the discovery and development of multiple mineral deposits and ore bodies over the course of his 30-year career;
– Kate McLaughlin (P.Eng., Independent Director) has 25 years of technical, operations and leadership experience with Noranda, Falconbridge, Xstrata, Vale and Stantec. She is currently Innovation Leader for Stantec’s Energy & Resources operating unit;
– Richard Savage (Director) brings extensive capital markets’ experience to Sassy after 28 years at Yorkton Securities where he completed his career as Senior Vice-President;
– Dr. Peter Lightfoot (Lightfoot Geoscience – Technical Advisor) is one of the world’s foremost nickel sulphide experts. His unique insights into the Eskay Camp in recent years have contributed to important new discoveries in this prolific district;
– Mike Middleton (Middleton Geoscience – Technical Advisor) is a highly regarded B.C. prospector with more than three decades of industry experience. Foremore has been a prominent project in his portfolio and his experience at Foremore is an invaluable asset to the Sassy team.
About Sassy Resources
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its current focus is on the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle.
We seek Safe Harbor.
Comment by Jon - BMR — August 17, 2020 @ 5:39 am
MARATHON GOLD REPORTS ADDITIONAL DRILL RESULTS FROM BERRY ZONE AT THE VALENTINE GOLD PROJECT
Marathon Gold Corp. has released drill results from recent exploration drilling at the Valentine gold project, central Newfoundland. These latest results represent fire assay data from the latest nine drill holes completed in the new Berry Zone, located within the six-kilometre long Sprite Corridor. Highlights include:
– VL-20-835 intersected 2.96 g/t Au over 47 metres, including 7.55 g/t Au over 14 metres, and 32.25 g/t Au over 1 metre, and 27.00 g/t Au over 1 metre;
– VL-20-834 intersected 2.23 g/t Au over 30 metres, including 6.53 g/t Au over 8 metres;
– VL-20-829 intersected 2.12 g/t Au over 20 metres including 16.89 g/t Au over 1 metre, and 2.26 g/t Au over 10 metres, and 1.03 g/t Au over 17 metres, and 1.02 g/t Au over 11 metres;
– VL-20-831 intersected 1.82 g/t Au over 10 metres; and
– VL-20-830 intersected 0.93 g/t Au over 14 metres.
All quoted intersections comprise uncut gold assays in core lengths. All significant assay intervals are reported in Table 1.
Matt Manson, President & CEO commented: “The latest batch of drill assays from the new Berry Zone include additional long intersections of high-grade mineralization. The mineralization occurs in the familiar geological setting: quartz-tourmaline-pyrite veining developed in the hanging-wall of the Valentine Lake Shear Zone within “Main Zone” type configurations. The drilling is establishing broad continuity between 50 metre sections, and has extended the zone to approximately 650 metres in strike length.” Matt Manson continued: “Our 2020 exploration program is focused on new discovery, with broad step out holes into previously untested areas. Currently, one drill rig is progressing steadily northeastwards from Berry to the area of the “Frozen Ear Pond Road”, approximately 1.5 kilometres from where we started in January. An additional drill rig is scheduled to be mobilized in early September, exploring southwestwards from the margin of the Marathon Deposit towards Frozen Ear Pond Road. At the end of this campaign we will have drilling information along the full 6 kilometres of the Sprite Corridor between Leprechaun and Marathon. This is high-risk, greenfield exploration, with no certainty of success. However, the results achieved to date at the Berry Zone give confidence in the potential for additional discoveries along this highly prospective trend.”
Previous drilling in the Berry Zone (Figure 1) has outlined extensive gold mineralization contained within shallowly southwest dipping, en-echelon stacked Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veins that are characteristic of the Valentine Gold Project. These QTP-Au veins form steeply northwest plunging “Main Zone” envelopes within quartz-eye porphyry host rocks on the hanging-wall (NW) side of the Valentine Lake Shear Zone. The extent of mineralization appears related to the size and frequency of sheared mafic dykes which extend NE-SW within the hanging-wall, parallel to the shear zone.
The nine drill holes released today represent both step out and in-fill drilling over a broad length of the Berry Zone. They extend the strike length of drill intersected mineralization to approximately 650 metres, from section 13350E to 14000E (Figure 2). An area of particularly intense mineralization has now been intersected by several drill holes between sections 13600E and 13800E where QTP-Au veining is concentrated in a 30-50 metre wide zone between a large mafic dyke and the shear zone contact (eg Section 13790E, Figure 3, and Section 13690E from Marathon’s news release dated July 22, 2020).
These latest results are derived from drill-holes oriented steeply down through Main Zone QTP-Au stacking towards the northwest (VL-20-829, 830, 831, 834 & 835, Figures 3 and 4), oblique drill-holes across Main Zone mineralization towards the southeast (VL-20-828 & 833), and one drill-hole collared in the hanging-wall and oriented towards the northwest (VL-20-836). Eight of the nine holes returned “significant” drill intersections of greater than 0.7 g/t Au (Table 1), and each of the nine drill holes returned drill intersections with gold grades above the 0.3 g/t Au cut-off used in the January 2020 Mineral Resource Estimate for the Project. No significant mineralization was encountered in drill hole VL-20-832, which was collared in the meta-sediments of the southeastern, foot-wall side of the Valentine Lake Shear Zone.
Comment by Jon - BMR — August 17, 2020 @ 5:41 am
SONA… https://www.youtube.com/watch?v=3V7KcRc3NW8
Comment by Jeremy — August 17, 2020 @ 6:46 am
Very encouraging interview thanks Jeremy. Lateral flow – to the moon!
Comment by schiffwasright — August 17, 2020 @ 7:25 am
https://news.smu.ca/news/2020/7/23/smu-chemistry-students-faculty-help-create-rapid-test-kit-for-covid-19
more SONA….
Comment by Jeremy — August 17, 2020 @ 10:58 am
I understand that the field test studies have already been received and that we have already submitted documentation for FDA approval.
Comment by George — August 17, 2020 @ 6:20 pm
Breakout results for QMX Gold…
QMX GOLD REPORTS 6.48 G/T AU OVER 73.2 METRES WITHIN CURRENT PIT SHELL AND DEMONSTRATES SIGNIFICANT DEPTH POTENTIAL INTERSECTING 35.56 G/T AU OVER 4.0 M AT DEPTH AT BONNEFOND
QMX Gold Corp. has released results from the continuing exploration drilling program on the Bonnefond deposit. Drill hole 17315-20-121 was completed to test the deposit at depth and to provide structural and geological data to advance the geological and grade model of the deposit. The Bonnefond deposit is located in the Val d’Or East zone of QMX’s extensive land package in Val d’Or, Que.
Highlights (grades are uncut; lengths are measured along the holes):
– DDH 17315-20-121 returned an overall average grade of 1.48 grams per tonne gold over 1,109.6 metres in the Bonnefond intrusive with multiple high-grade zones;
– High-grade zone within current pit shell: 6.48 g/t Au over 73.2 m (measured along the hole);
– High-grade zone at depth: 35.56 g/t Au over 4.0 m at 1,050 m (measured along the hole);
– Expanded and updated geological model based on additional structural data.
“The results coming from our Bonnefond project continue to impress us,” said Dr. Andreas Rompel, vice-president of exploration. “While we refine the structural geological model and discover more shear zones transecting the tonalitic and dioritic intrusive with elevated mineralization levels. We intend to further explore the precise extent of the plug and the geometry of the shears within as it seems highly prolific for high gold grades.”
DDH 174315-20-121 increases resource potential at depth and substantially expands the volume of intrusive.
Drill hole 17215-20-121 was drilled down plunge in the central part of the Bonnefond tonalite with three primary objectives:
– To test continuity of grade between existing drill holes completed on the north-south cross-sections defining the deposit. Hole 121 complements hole 119A completed in the eastern part of the intrusive (press release, July 28, 2020);
– To test for the continuation of mineralization in the tonalitic intrusion below its currently known limits;
– To gather structural and geological data in the tonalite to improve the geological model of the deposit.
DDH 121 successfully achieved all three objectives. It remained within the mineralized Bonnefond tonalite to the final hole length of 1,179 m. The hole intersected mineralization over its entire length with an average overall grade of 1.48 g/t Au over 1,109.6 m. The drill hole intersected multiple enriched zones, including a high-grade zone within the pit shell 6.48 g/t Au over 73.2 m, and 35.56 g/t Au over 4.0 m at 1,050 m demonstrating Bonnefond’s potential at depth. The results extend the tonalitic intrusion substantially between the depth of 550 m and 1,100 m, well below the limits of previous drilling.
From a structural point of view, the Bonnefond deposit is characterized by an east-west shear system transitioning from less competent ductile volcanic facies to more competent facies within the intrusive. A series of mineralized shear zones dipping at 45 degrees to the north transects the intrusive body being shallow on the southern side and deeper on the northern side of the intrusive. They extend through the dioritic part of the Bonnefond intrusive and display shallower dips inside the intrusive. As the tonalitic part of the intrusion is more competent, it suggests that it cracked under the pressure during the active structural phases, creating large, flat, enriched areas with abundant quartz tourmaline veins and veinlets and intense alteration.
This new geological model explains the presence of high-grade zones in the tonalite as reported in DDH 17315-19-087 and DDH 1315-19-085 (press release dated Dec. 5, 2019) and the numerous enriched zones present in DDH 121 and 119A (press release dated July 28, 2020).
As the same shear system appears to persist in the volcanics north of the intrusive, it is currently being tested by a 7,500 m drilling program. QMX also recently completed another down plunge hole in the western part of the tonalite; results will be available shortly.
Current exploration drilling
QMX currently has three drill rigs turning on its Val d’Or property, with one drilling on the River target and two drilling on the East zone. A fourth drill rig is expected to be mobilized shortly west of the former Louvicourt mine to test for potential mineralized shear zones.
Drilling on and around the Bonnefond deposit continues to return strong results. QMX is currently updating the resource estimate published on Sept. 12, 2019, and also drilling to test mineralized shear zones north of the current pit shell. Drilling results, compilation and close-by projects suggest the currently known series of shear zones could extend farther north on the Bonnefond property.
Targeting work on the five km trend between the Bonnefond deposit and the past producing Bevcon mine has also commenced. The company anticipates a reconnaissance drill program will begin in the fall and extend through the winter.
QMX also commenced a follow-up exploration drilling program on the River target in July as a result of its highly successful reconnaissance program, which returned 39.83 g/t Au over 2.0 m in DDH 17421-19-046 (see press release dated Jan. 29, 2020) and 38.69 g/t Au over 3.5 m in DDH 17421-19-048 (see press release dated Feb. 24, 2020). To date, 10 holes of the proposed 20-hole program have been completed and are being logged and submitted for assays. Results are pending.
The planned reconnaissance drilling program on the Poulmaque target, located on the eastern side of the Bourlamaque batholith, will commence shortly. The objective of this initial program of at least 3,000 m is to narrow and better focus the large target area.
Poulmaque is a highly prospective target located three km west of Probe Metals’ Courvan gold trend and five km from the Pascalis gold trend. The northern end of the target area hosts the historic F zone and the southern end rests on the Callahan deposit on QMX Gold’s Beacon property. The F zone has returned 10.93 g/t Au over 1.4 m and 28.45 g/t Au over 1.6 m according to the MERN Sigeom database, and the Callahan deposit was drilled by QMX in 2017 returning quartz veins grading 32.6 g/t Au over 1.0 m and 7.6 g/t Au over 3.0 m in drill hole DDH 17319-17-005 (see press release dated May 23, 2017).
Quality control
During the drilling program, assay samples were taken from the NQ core and sawed in half. One-half is sent to Swaslab Ltd., a certified commercial laboratory. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire assay with a gravimetric finish on each sample containing 5.0 g/t Au or more.
Qualified persons
The scientific and technical content of this press release has been reviewed, prepared and approved by Melanie Pichon, PGeo, MSc, exploration manager, who is a qualified person as defined by National Instrument 43-101 — Standards of Disclosure for Mineral Projects.
About QMX Gold Corp.
QMX Gold is systematically exploring its extensive property position in the Val d’Or mining camp in the Abitibi district of Quebec. QMX Gold is currently drilling in the Val d’Or East portion of its land package focused on the Bonnefond deposit and in the Bourlamaque batholith.
We seek Safe Harbor.
Comment by Jon - BMR — August 18, 2020 @ 6:55 am
Interesting news from KABN just out, stock will go higher once trading resumes at 9:30 am Pacific after halt…company has announced a $3 million CDN PP from U.S. investors at almost twice the last trading price of 17 cents…includes just a half warrant…
KABN NA RECEIVES SUBSCRIPTION AGREEMENTS FOR C$2,970,000 INVESTMENT AT $0.33 CDN PER UNIT
KABN Systems NA Holdings Corp. has received and accepted irrevocable subscriptions from a group of arm’s-length U.S. family office and foreign investors for a total of nine million common share units for gross proceeds of $2.97-million.
Each Unit is priced at C$0.33 per Unit. Each Unit consists of one common share of the Company (“Common Shares”) and one-half Common Share purchase warrant (“Warrants”), with each whole Warrant entitling the holder to purchase one Common Share for C$0.37 per share for 24 months from closing of the transaction. No fees were paid in association with the financing. In accordance with applicable securities rules and regulations, the Common Shares and the Warrants comprised in the Units, and the Common Shares issuable on exercise of the Warrants, will be subject to hold periods ranging from 4 months to 1 year, with the majority of the offering subject to a 1 year hold, restricting shares and warrants from transfer or trading except as permitted by law.
“This agreement largely stems from the increasing recognition of Liquid Avatar as a potential game changer in the world of digital identity verification, management and monetization. We look forward to closing this financing over the next couple of weeks and continue to execute and deliver on our business programs,” said Ben Kessler, CEO – KABN North America
The expected date of closing is on or before August 31, 2020, and may be extended by the Company. The proceeds of the financing will provide working capital to further accelerate the Company’s development, customer acquisition and business platform consisting of Liquid Avatar, KABN ID, KABN KASH and KABN’s Visa Card program.
About KABN Systems NA Holdings Corp.
KABN Systems NA Holdings, through its wholly owned subsidiary, KABN Systems North America Inc., focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity.
We seek Safe Harbor.
Comment by Jon - BMR — August 18, 2020 @ 9:12 am