Canadian Technology Used to Cut Diesel Engine Emissions
dynaCERT’s President & CEO, Jim Payne, discusses how the company’s carbon emission reduction technology can help cut diesel engine emissions.
Canadian Technology Used to Cut Diesel Engine Emissions
dynaCERT’s President & CEO, Jim Payne, discusses how the company’s carbon emission reduction technology can help cut diesel engine emissions.
Triumph Gold Corp. (TSXV: TIG) (OTCMKTS: TIGCF) is pleased to announce its intention to complete a non-brokered private placement (the “Offering”) of up to 17,000,000 units (the “Units”) at a price of CDN$0.35 per Unit for gross proceeds of up to CDN$5,950,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.60 per Share for a period of 24 months from the date of issuance.
The Offering is available to investors in reliance on certain prospectus exemptions including to existing shareholders of the Company (the “Existing Security Holder Exemption”) and to investors who have received investment advice (the “Investment Dealer Exemption”). The Existing Security Holder Exemption is available in each of the provinces and territories of Canada to a person or company who became a shareholder of the Company on or before April 9, 2019 (the “Record Date”). To rely upon the Existing Security Holder Exemption, the shareholder must: (a) have been a shareholder of the Company on the Record Date and continue to hold shares of the Company until the date of closing of the Offering, (b) be purchasing the Shares as a principal and for their own account and not for any other party, and (c) not subscribe for more than CDN$15,000 of securities from the Company in any 12-month period unless the shareholder has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in the shareholder’s jurisdiction.
The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person’s or company’s jurisdiction. As required by the Existing Security Holder Exemption and Investment Dealer Exemption, the Company confirms there is no material fact or material change relating to the Company that has not been generally disclosed.
There is no minimum Offering size and the maximum offering is 17,000,000 Units for gross proceeds of CDN$5,950,000. Assuming the Offering is fully subscribed, the Company plans to allocate the gross proceeds of the Offering to: (i) exploration on its Freegold Mountain project (CDN$5,000,000) and (ii) general working capital (CDN$1,000,000).
If the Offering is not fully subscribed, the Company will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Company determine is in the best interests of the Company. Although the Company intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.
If the Offering is oversubscribed, unless the Company determines to increase the maximum gross proceeds of the Offering and receives approval from the TSX Venture Exchange for such increase, the Company will allocate the Units issued under the Offering to those subscribers whose subscriptions were first received by the Company. A subscription will be deemed to be received when a completed subscription agreement together with payment of the subscription amount has been received by the Company.
Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Offering would constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company’s market capitalization.
The Company may pay finder’s fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.
Closing of the Offering is subject to approval of the TSX Venture Exchange.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. Additional resale restrictions and legends may apply in the United States and other jurisdictions.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented Canadian-based precious metals exploration and development company. Triumph Gold Corp. is focused on creating value through the advancement of the district scale Freegold Mountain project in Yukon. For maps and more information, please visit our website www.triumphgoldcorp.com
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF) is pleased to announce the results from the 2018 surface sampling program conducted at the Drone, Granger and Blue Sky zones, within the 6-kilometre-long multi-element soil anomaly that encompasses the Revenue and Nucleus deposit areas on Triumph Gold’s 100% owned, road accessible, Freegold Mountain Property, in the Yukon Territory, Canada.
Highlights of results include:
The 2018 surface sampling program in the Revenue-Nucleus area was designed to explore for, test and validate near-surface targets within a six-kilometre-long multi-element soil anomaly that encompasses the Revenue and Nucleus deposits (Figure 1). Triumph Gold geologists believe that the entire soil anomaly is underlain by rocks affected by a gold-rich hydrothermal system related to a large buried porphyry intrusion that has yet to be tested by drilling. The surface sampling program tested three main areas with a total of 164 linear chip or channel samples collected from exposed bedrock or in excavated trenches, and 35 grab samples of bedrock, regolith or locally sourced float.
The Drone Zone was discovered in 2018 as a result of local placer mining operations that exposed a roughly 100 X 25 metre area of altered and mineralized outcrop at the bottom of the Mechanic Creek valley (news release PR#18-11 dated October 16, 2018). This new zone is located 500 metres east of high-grade drill intercepts in the Nucleus gold deposit, and 500 metres west of drill holes that intersected the Keirsten Zone porphyry. Mineralization encompasses the entire area of exposure, which consists of granite hosting large xenoliths of biotite schist, and cross-cut by irregular quartz-feldspar-porphyry dykes and thick gouge-rich faults. Mineralization comprises disseminated sulfides and quartz-sulfide veins with pyrite, chalcopyrite, and lesser arsenopyrite, bismuthinite and visible gold.
The Drone Zone was tested with 49 chip samples and 21 grab samples*. Sample F00032970 which assayed 450 g/t Au and 19 g/t Ag contained abundant visible gold and was collected from locally sourced rock debris at the eastern side of the placer mining cut where the zone appears to extend beneath overburden. Mineralization with anomalous to bonanza grade gold and copper concentrations is consistent though the Drone Zone; assay highlights are reported in Table 1. The zone is open in all directions and has never been drilled or previously explored.
Table 1: Significant Grab and Chip Samples from the Drone Zone 2018
|Drone Zone Grab Samples*|
|Sample ID||Northing***||Easting***||Au g/t||Ag g/t||Cu %|
|Drone Zone Chip Samples|
|Sample ID||Trench ID||Sample Length**||Au g/t||Ag g/t||Cu %|
Blue Sky Zone
The Blue Sky Zone covers the eastern side of the six-kilometre-long Revenue-Nucleus soil anomaly. Drill testing for porphyry mineralization in 2017 and 2018 confirmed high-grade gold-rich mineralization within the Blue Sky Zone on the western slope of Bowlidden Ridge (e.g. RVD18-19 with 316 metres @ 1.10 g/t Au, 0.27% Cu; see news release PR#18-09 dated Sept. 12, 2018). Surface sampling in 2018 focused on the eastern slope of Bowlidden Ridge approximately 400-800 metres from the Blue Sky Porphyry discovery area (Figure 1).
The 2018 surface sampling program included 86 chip and channel samples from three trenches and thirteen grab samples collected mainly from disturbed bedrock along new access roads. Of the thirteen grab samples, eight contained greater than 2.0 g/t Au, to a high of 16.8 g/t Au (Table 2)*. Trenches returned anomalous gold concentrations (Table 2), including 1.46 g/t Au over 1 metre** in BST18-01 and 0.31 g/t Au over 8 metres** in BST18-02, which is contained within a 52.50 metre** section of 0.15 g/t Au (the full length of the trench). Most mineralized samples comprise phyllic altered granite with quartz veins that contain trace bismuthinite ± molybdenite ± chalcopyrite ± arsenopyrite. These new samples, as well as two grab samples* of quartz veins collected from the area in 2017 that graded 3.76 and 5.77 g/t Au, define an approximately 400-metre-long corridor of mineralization that is open in all directions and is untested by drilling. A single 2017 drill hole tested the southern side of Bowlidden Ridge (RVD17-09). It was collared on the far southern edge of the newly defined mineralized zone and was oriented southwards, away from the new surface samples. Results from that hole include ten intersections that graded over 1.0 g/t Au, within a 269 metre interval of highly anomalous gold (0.24 g/t Au; see news release PR#17-13, dated November 2, 2017).
Table 2: Significant Grab and Chip/Channel Samples from the Blue Sky Zone 2018
|Blue Sky Zone Grab Samples*|
|Sample ID||Northing***||Easting***||Au g/t||Ag g/t||Cu %||Mo %|
|Blue Sky Zone Chip and Channel Samples|
|Trench ID||From-To (m)||Sample Length (m)**||Au g/t||Ag g/t||Cu %||Mo %|
|BST18-02||0.00 – 52.50||52.50||0.15||<2||0.012||<0.001|
|Including||30.00 – 38.00||8.00||0.31||<2||0.027||<0.001|
|BST18-01||9.00 – 10.00||1.00||1.46||<2||0.022||0.002|
The Granger Zone is a shallow oxide gold exploration target that is located between the Revenue and Nucleus deposits near the center of the Revenue-Nucleus soil anomaly. Historical exploration in this zone included trenching, rock sampling, with grab samples up to 45.5 g/t Au*, and percussion, reverse circulation and limited diamond drilling. Historical drilling made multiple shallow oxide gold intercepts, including 5.29 g/t Au over 13.71 metres** in GRRAB-091 (from 3.05 metres to the bottom of the hole at 16.76 metres). Drilling in 2018 intersected variably oxidized near-surface mineralization in every hole, delineating a mineralized corridor over 200 metres strike-length and to a depth of at least 74 metres (News Release PR#18-12, dated October 24, 2018). The mineralized zone is open in all directions and to depth.
Highlights of the results from 2018 Granger Zone drilling include:
Twenty-nine chip and channel samples covering 46.80 meters in two newly (2018) excavated trenches tested strongly oxidized rock in the center of the mineralized corridor. Samples form the trenches contain a similar tenor of gold mineralization as that intersected at depth by drilling, indicating continuity from surface to a depth of approximately 45 metres. Trench results include 1.04 g/t over 3.5 metres** in TR18-03, and 0.70 g/t Au over and 18.5 metres** including 1.72 g/t Au over 3.5 metres** in TR18-04 (Table 3). The southern edge of trench TR18-04 has some of the highest grade mineralization (e.g. 3.26 g/t Au over 1 metre**) demonstrating that the zone is open and highly prospective to the south.
Table 3: Chip and Channel Samples from the Granger Zone 2018
|Granger Zone Trench Samples|
|Trench ID||From-To (m)||Sample Length (m) **||Au g/t|
|TR18-03||1.00 – 5.00||4.00||0.89|
|TR18-03||10.00 – 13.50||3.50||1.04|
|TR18-04||1.50 – 20.00||18.50||0.70|
|Including||16.50 – 20.00||3.50||1.72|
|Including||19.00 – 20.00||1.00||3.26|
Tony Barresi, Vice President of Exploration for Triumph Gold Corp. comments “As we advance exploration in underexplored portions of the 6-kilometre-long soil anomaly that surrounds the Revenue and Nucleus deposit areas, we are continually impressed by the world-class scale of the of the underlying gold-rich hydrothermal system. Each of the surface exploration target areas yielded exciting results. Newly discovered mineralization at the Drone Zone and in the Blue Sky Zone reinforce our belief that Revenue and Nucleus are only small parts of a much larger mineralized body. Both of the new showings represent high quality drill ready targets with potential for high grade gold intersections. In addition, new trenches in the Granger Zone demonstrate continuity of oxide gold mineralization between surface and underlying drill intersections, building a case for a near-surface heap leachable oxide gold resource.”
* Grab samples are selective in nature, and the reported mineralization and assay results may not be representative.
** Length/interval refer to sample length. True widths have not been determined.
*** Coordinates are given in North American Datum 83 (NAD83), Zone 8.
Linear chip and channel samples ranged between 0.25 and 2 metres in length. Chip samples were collected with a rock hammer and channel samples were cut from outcrop with a portable diamond saw. The samples were analyzed by SGS Canada of Vancouver, British Columbia. They were prepared for analysis according to SGS method PRP89: each sample was crushed to 75% passing 2mm and a 250g split was pulverized to better than 85% passing 75 micron mesh. Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method GE FAA313), and samples that tested over 10 g/T Au were retested using a 30g nominal sample and gravimetric analysis (method GO FAG303). An additional 35 elements were tested by ICP-AES using a four-acid digestion (method GE ICP40B). Quality assurance and control (QAQC) is maintained at the lab through rigorous use of internal standards, blanks and duplicates. An additional QAQC program was administered by Triumph Gold: at minimum three quality control samples, consisting of blanks, certified reference standards and duplicates, were blindly inserted into each 75 sample batch. QAQC samples that return unacceptable values trigger investigations into the results and reanalyses of the samples that were tested in the batch with the failed QAQC sample.
The technical content of this news release has been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP Exploration for the company, and qualified person as defined by National Instrument 43-101.
Tony Barresi, VP of Exploration for Triumph Gold Corp $TIG $TIGCF Interview with Jay Taylor of VoiceAmerica Radio. Tony discusses highest grade mineralization from 2018 drill program at Freegold Mountain Project in Yukon.
Jordan Roy-Byrne of the Daily Gold, and John Anderson, Chairman of Triumph Gold (TSX.V-TIG) (OTCMKTS: TIGCF) discuss their Freegold Mountain project at the January 2019 Metals Investor Forum in Vancouver.
Jay Taylor, Editor, J Taylor’s Gold, Energy & Tech Stocks, interviews John Anderson, Chairman of Triumph Gold Corp. TSXV-TIG OTCMKTS-TIGCF at Metals Investor Forum January 2019 in Vancouver BC
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) is pleased to welcome our 40+ dealers, and special speakers invited from around the world, to our first International Sales Conference. This event is part of our commitment to expand our role, globally, in the war against NOx and Greenhouse Gas Emissions with our made-in-Ontario Carbon Emission Reduction Technology.
This sales conference is being held in Toronto from January 31, 2019 to February 1, 2019. As a planned annual event, dynaCERT will bring together our marketing and sales professionals from around the world, where dealers and management will share and participate in Salesperson Success Stories, Team Building, Competitive Analysis, Product Training, Sales Skills Development.
dynaCERT’s HydraGEN™ product is gaining global recognition with our certified product where it has been verified to improve fuel economy while reducing harmful toxins in emissions including NOx up to 88%, CO up to 50%, THC up to 50% and Particulate Matter in the excess of 65%.
Included, this year, is special guest speaker, Mr. Michael W. Mayer, M.Sc., Dipl.Ing (FH), who is the senior engineer from TUV-SUD that had overseen testing in Germany related to the Homologation by KBA (Kraftfahrt-Bundesamt, the German Federal Office for Motor Vehicles). As explained in our press release dated September 24, 2018, Mr. Mayer states, “There does not exist any equipment such as the HydraGENä Technology in the European market. dynaCERT’s HG1 is a revolutionary product coming into the European market at a time where this is urgently needed to help achieve current Paris Accord commitments and the very strict future European CO2 requirements.”
Mr. David Imhof, owner-operator of Three Peaks Crane in Red Deer, Alberta, another special guest speaker at dynaCERT’s International Sales Conference, will deliver a presentation on his positive experience with the HydraGENä Technology and dynaCERT’s after-sales service and support.
Enrico Schlaepfer, Vice President of Global Sales of dynaCERT, states: “Our first International Sales Meeting in Toronto is a milestone for the company and we look forward to welcoming our dealers from around the world. This meeting will equip our dealers with the latest information on our HydraGENä technology developments and the unique selling points for different market segments. I appreciate the dedication and excellence of our dealers.”
TORONTO, ON–(Globe Newswire – January 16, 2019) – dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to provide an update on the India market.
iCAT Certification for India
dynaCERT has received notification of certification for India and South Asia markets from the International Centre for Automotive Technology (iCAT) for the use of its HydraGEN™ Technology on diesel powered vehicles and equipment to reduce carbon emissions and fuel consumption.
As reported in the MD&A dated June 30, 2018, and September 30, 2018, iCAT has conducted Phase Three testing of the HydraGEN™ Technology. iCAT, a divison of NATRiP Implementation Society NATIS Government of India, was established in 2006 at Manesar, Haryana, India. iCAT is a certifying partner with TUV Nord who conducted the homologation testing for dynaCERT in Germany.
Robert Maier, dynaCERT COO and Chief Engineer states: “Over the past 18 months we have worked hard with local partners and the Canadian High Commission office in New Delhi to bring our proven HydraGEN™ Technology to the Indian market. Our HG1 carbon reduction system will reduce the horrific air pollution in the major centers and the countryside as we implement units on all manner of diesel engines used in trucks, buses, generators, construction equipment, fishing vessels and other power plants.”
Orders From Two of Twenty Nine Government States
dynaCERT has received a Letter of Intent from Rajasthan State Road Transport Corporation (RSRTC) (please see web site http://transport.rajasthan.gov.in/rsrtc/), through its state partner Shah Transport Company, for the order for two HG145B units and, upon demonstration, an initial bulk order of 1,000 HydraGEN™ HG145B units to be installed on buses and service trucks. RSRTC is the largest provider of intercity bus transportation in the state of Rajasthan, India, headquartered in Jaipur. RSRTC has been established by the Government of Rajasthan on 1 October 1964 under the Road Transport Act 1950. RSRTC has incorporated Ordinary, Express, Deluxe, A.G. Gandhi Rath, A.C., A.G. Sleeper, Volvo-Mercedes, Volvo-Pantry, Volvo-LCD, Volvo-LCD-Pantry bus services in fleets for all categories of passengers. It has 5,000 buses in its fleet and 56 service depots across the state.
dynaCERT has also received a separate Letter of Intent from Uttarakhand Transport Corporation (UTC) (see web site http://utc.uk.gov.in/) for the initial order for two HG145B units and, upon demonstration, the further delivery of 1,200 HydraGEN™ HG145B units to be installed on UTC buses. UTC is a public sector passenger road transport corporation providing services in the state of Uttarakhand, India and other adjoining states in North India. With a substantial fleet size of buses that operate over 350,000 kilometers and serve the travel needs of over 100,000 people every day, UTC provides an adequate, economical & efficiently coordinated road transport service to the residents of the state.