Oceanus Resources Corporation announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. which is detailed in Table 1 below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Lakeland Resources Inc. announces that it has completed a summer work program at its wholly owned Lazy Edward Bay Property, located about 65km due west of Kay Lake Uranium mine, along the southern margin of the Athabasca Basin.
Lakeland Resources Inc. announces that it has completed a summer work program at its wholly owned Lazy Edward Bay Property, located about 65km due west of Kay Lake Uranium mine, along the southern margin of the Athabasca Basin.
Oceanus press release fall 2017 programChris Helweg
Oceanus completed the 2017 infill drilling program at El Tigre in May 2017 having drilled a total of 62 diamond drill holes totaling 11,923.1 metres. These drill results demonstrated wide oxidized zones of precious-metals mineralization at El Tigre that outcrop at surface. The results from this drill program supported a National Instrument 43-101 Mineral Resource Estimate which was released on September 13, 2017. The Mineral Resource Estimate included a total indicated resource of 661,000 gold equivalent ounces and a total inferred resource of 341,000 gold equivalent ounces and is detailed in Appendix ”A”. A copy of the Technical Report is available on the Company’s website and on SEDAR under the Company’s profile.
Oceanus reports el tigre infill drilling results and timing for resource esti...Chris Helweg
Oceanus Resources Corporation is a gold exploration company operating in Mexico. Oceanus is managed by a team of mine finders with extensive experience in exploring and developing large hydrothermal gold projects in Mexico. Oceanus is currently drilling and exploring the El Tigre Property in the Sierra Madre Occidental.
Oceanus press release fall 2017 programChris Helweg
Oceanus completed the 2017 infill drilling program at El Tigre in May 2017 having drilled a total of 62 diamond drill holes totaling 11,923.1 metres. These drill results demonstrated wide oxidized zones of precious-metals mineralization at El Tigre that outcrop at surface. The results from this drill program supported a National Instrument 43-101 Mineral Resource Estimate which was released on September 13, 2017. The Mineral Resource Estimate included a total indicated resource of 661,000 gold equivalent ounces and a total inferred resource of 341,000 gold equivalent ounces and is detailed in Appendix ”A”. A copy of the Technical Report is available on the Company’s website and on SEDAR under the Company’s profile.
Oceanus reports el tigre infill drilling results and timing for resource esti...Chris Helweg
Oceanus Resources Corporation is a gold exploration company operating in Mexico. Oceanus is managed by a team of mine finders with extensive experience in exploring and developing large hydrothermal gold projects in Mexico. Oceanus is currently drilling and exploring the El Tigre Property in the Sierra Madre Occidental.
Momentum Report | Silver Spruce | February 2020MomentumPR
Silver Spruce Resources Inc. is a Canadian publicly traded company that trades on the TSX Venture Exchange under the symbol SSE with 91 MM shares outstanding. The Company has an experienced management team in the areas of exploration, prospect development, corporate finance, legal and public company management. Silver Spruce has signed an option agreement to acquire 100% of the 2,124 hectare Melchett Lake project is located within an historically active exploration and mining region including Copper Lake’s Marshall Lake VMS project, Centerra and Premier Gold’s Hardrock-Greenstone Au project and past-producing Anaconda-Dofasco iron mine. Surface samples yielded up to 28.8 g/t Gold and 19% Zinc. The Company has map staked an additional 1,872 hectares in November 2019 to complete coverage of Melchett Lake mineralization reported over a total strike length of 20 kilometres. Silver Spruce also has an option to acquire 100% of the Pino de Plata project, 15km west from the Coeur Mining’s flagship mine at Palmarejo, Chihuahua, that produced 7.5 million ounces of silver and 122,722 ounces of gold in 2018. Surface sampling at Pino de Plata yielded silver grades over 1,100 g/t Ag with highly anomalous grades of lead, zinc and gold.
Oceanus Resources Corporation El Tigre Project 2017Chris Helweg
Oceanus Resources Corporation engages in the exploration of mineral properties in Mexico. The company explores for gold, silver, and base metals. It holds interests in the La Lajita property, which comprises 12 mining concessions covering an area of 3,200 hectares located in the south-west corner of Durango, Mexico; and the El Tigre property that includes 9 mining concessions covering an area of 215 square kilometers located in the Sierra El Tigre in northeastern Sonora, Mexico.
At Oceanus' El Tigre project in Sonora, Mexico, the Oceanus team believe they may have identified gold and silver mineralization associated with larger deposits in the Sierra Madre Occidental.
Oceanus Reports High-Grade Gold and SilverChris Helweg
Oceanus Resources Corporation (OCN.V) (OCNSF) ("Oceanus" or the “Corporation”) reports it has received assay results of channel samples collected from the legacy underground exploration tunnels on the unmined Protectora, Caleigh and Fundadora veins located north of the old El Tigre Mine
Commerce Resources Corp. (TSXv: CCE) announced that the results from the second hole of the 2010 drilling program at the Eldor Project in Quebec, has further confirmed the potential for a significant new, and large tonnage, rare earth element ("REE") discovery at the Ashram Rare Earth Zone.
Defiance silver corporate presentation - June 2018MomentumPR
Defiance Silver is a silver explorer and developer advancing the San Acacio deposit, located in the historic Zacatecas silver district of central Mexico. Defiance is managed by a team of proven mine developers with a record of exploring and developing seven operating mines to date. Defiance's corporate mandate is to expand San Acacio to become one of Mexico's premier high-grade wide vein silver deposits.
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not
limited, to those with respect to the price of silver, lead and zinc, the possibility, timing and amount of estimated future production, costs
of production, and reserve determination and reserve conversion rates, involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of Silvercorp Metals Inc. (“Silvercorp” or the “Company”) to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to international operations, risks related to Chinese government issuance of mining and
related development permits, risks related to joint venture operations, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be refined, commodity price fluctuations especially in prices
of silver, lead and zinc, as well as other factors. Readers should review the Company’s most recent Form 40-F for a more complete
discussion of these factors and other risks, particularly under the heading “Risk Factors”.
This Management’s Discussion and Analysis (“MD&A”) is intended to help the reader understand the significant
factors that have affected Silvercorp Metals Inc. and its subsidiaries’ (“Silvercorp” or the “Company”) performance
and such factors that may affect its future performance. This MD&A should be read in conjunction with the
Company’s audited consolidated financial statements for the year ended March 31, 2019 and the related notes
contained therein. The Company reports its financial position, results of operations and cash flow in accordance
with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board
(“IASB”
Chris Helweg
Chris Helweg
World Silver Survey 2019
This is the twenty-ninth annual edition of the World Silver Survey produced for The Silver Institute. The World
Silver Survey 2019 was produced by the GFMS team of metals market analysts at Definitive. The information
contained herein is based in part on the analysis of publicly available data such as hallmarking series, trade
statistics, company reports and other public-domain information. More importantly, it is also based on a large
series of interviews with the industry’s main players, carried out over the year by the team. This work generates
the essential data to allow the compilation of reliable estimates for world supply and demand and inform the
analysis of market structures, and the degree of significance of any changes and developments.
Chris Helweg, Vlagtwedde, De groeiende rol van mineralen voor een koolstofarm...Chris Helweg
Chris Helweg, Vlagtwedde, Groningen.
De groeiende rol van mineralen voor een koolstofarme toekomst
World Bank
grondstoffen vragen prognoses tot 2050 de wereldbevolking zal tegen 2050 naar verwachting meer dan 9 miljard bereiken, duurzame ontwikkeling, met inbegrip van koolstofarme ontwikkelingsstrategieën, hernieuwbare energie en veerkrachtige steden en landschappen
commodities demand projections up to 2050
global human population expected to reach over 9 billion by 2050,
sustainable development, including low carbon development strategies, renewable energy, and resilient cities and landscape
Silver in medicine – past, present and future Chris Helweg
Silver in medicine – past, present and future
Silver potentially has a role to play in tackling both antimicrobial resistance and improving common antibacterials, but for these efforts to positively impact communities around the world applications must be cost‐effective. Small quantities of silver help to enable this requirement.
Een inzicht in de Amerikaanse streven naar wereldheerschappij, Chris Helweg
By Chris Helweg,
Een inzicht in de Amerikaanse streven naar wereldheerschapij, wat zijn de doelen, wie zijn de spelers, wanneer is dit begonnen, wat is bereikt, hoe gevaarlijk is Een korte blik voor geïnteresseerde mensen, wat een echt beleid is dat de VS de afgelopen 25 jaar heeft geregeerd. Ik ben niet echt een goede schrijver of vertaler, maar dit is vrij eenvoudig te controleren, oprechte feedback is welkom. Op mijn LinkedIn-pagina kun je de afgelopen jaren over mijn doel lezen. Waakzaamheid blijft noodzakelijk, ik hoop dit beleid transparant te maken door middel van deze publicaties. Want kijk eens naar het nieuwe budget van Donald's Trump met deze kennis in gedachten? Wat dan?
An insight in the us strategy for global dominationChris Helweg
An insight in the US strategy for global domination. The Project for the New American Century
PNAC goals of the neocons
Eliot Abrams
John Bolton
The Project for the New American Century
Essential social, medical, educational and retirement services have to be gutted so that those funds can be directed towards a military buildup
the WTO and the IMF will dictate financial terms to the entire planet.
Trumps new Budget.
Een inzicht in de US wereldwijde strijd voor dominantieChris Helweg
Een inzicht in de Amerikaanse streven naar wereldheerschapij, wat zijn de doelen, wie zijn de spelers, wanneer is dit begonnen, wat is bereikt, hoe gevaarlijk is dit, en werkt Donald Trump hier ook aan mee?
An insight in the us strategy for global dominationChris Helweg
An insight in the US NEOCON strategy for global domination.
These are the PNAC goals
Who are behind PNAC?
The bankrollers from the WTO and the IMF
Essential social, medical, educational and retirement services have to be gutted so that those funds can be directed towards a military buildup.
An empire cannot function with the slow, cumbersome machine of constitutional democracy on its back. Empires must be ruled with speed and ruthlessness.
Chris Helweg:
Last year, for the fifth year in a row, the silver market
recorded another deficit; this time of 26.0 Moz (810 t).
Mine supply fell for the second consecutive year by 4%
in 2017, following 13 consecutive annual increases prior
to 2016. This was a result of years of Capex reductions
in combination with supply disruptions, particularly in
the Americas. With scrap supply contracting by 1% in
combination with net-hedging of 1.4 Moz (44 t), total silver
supply fell by 2% to just under one billion ounces.
World Gold Council
Gold Outlook 2018: Watch the Fed, Debt and Geopolitics
Analysts share their thoughts on the gold outlook for 2018. Most agree that it will take a sharp shock to the market to move the price significantly higher.
Fight over arctic region ( images & bad dutch translation) Chris HelwegChris Helweg
Chris Helweg
The proportions of the Arctic mineral reserves are by all means impressive. The region estimatedly contains 25% of the world’s hydrocarbons, mostly in the form of natural gas. Russia’s portion of the Arctic is known to hold at least 560 billion barrels of crude which is 2.5 the total in Saudi Arabia. Moreover, the lures of the Arctic region include deposits of diamonds, gold, platinum, manganese, nickel, titanium, coal, etc. which are mostly found on the territory of Russia. Importantly, the Northern maritime route is the avenue opening access to all of the above.
De verhoudingen van de Arctic minerale reserves zijn oké indrukwekkend. Het gebied bevat estimatedly 25% van's werelds koolwaterstoffen, meestal in de vorm van aardgas. Ruslands gedeelte van het Noordpoolgebied is bekend dat het houden van minstens 560 miljard vaten ruwe olie die 2.5 is het totaal in Saoedi-Arabië. Bovendien omvatten de kunstaas van het Noordpoolgebied afzettingen van diamanten, goud, platina, mangaan, nikkel, titaan, kolen, enz., die meestal te op het grondgebied van Rusland vinden zijn. Nog belangrijker is, is de noordelijke maritieme route de laan die toegang tot al het bovenstaande te openen.
VANCOUVER, Feb. 8, 2018 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (SVM.TO) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2017. All amounts are expressed in US Dollars.
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...2023240532
Quantitative data Analysis
Overview
Reliability Analysis (Cronbach Alpha)
Common Method Bias (Harman Single Factor Test)
Frequency Analysis (Demographic)
Descriptive Analysis
Opendatabay - Open Data Marketplace.pptxOpendatabay
Opendatabay.com unlocks the power of data for everyone. Open Data Marketplace fosters a collaborative hub for data enthusiasts to explore, share, and contribute to a vast collection of datasets.
First ever open hub for data enthusiasts to collaborate and innovate. A platform to explore, share, and contribute to a vast collection of datasets. Through robust quality control and innovative technologies like blockchain verification, opendatabay ensures the authenticity and reliability of datasets, empowering users to make data-driven decisions with confidence. Leverage cutting-edge AI technologies to enhance the data exploration, analysis, and discovery experience.
From intelligent search and recommendations to automated data productisation and quotation, Opendatabay AI-driven features streamline the data workflow. Finding the data you need shouldn't be a complex. Opendatabay simplifies the data acquisition process with an intuitive interface and robust search tools. Effortlessly explore, discover, and access the data you need, allowing you to focus on extracting valuable insights. Opendatabay breaks new ground with a dedicated, AI-generated, synthetic datasets.
Leverage these privacy-preserving datasets for training and testing AI models without compromising sensitive information. Opendatabay prioritizes transparency by providing detailed metadata, provenance information, and usage guidelines for each dataset, ensuring users have a comprehensive understanding of the data they're working with. By leveraging a powerful combination of distributed ledger technology and rigorous third-party audits Opendatabay ensures the authenticity and reliability of every dataset. Security is at the core of Opendatabay. Marketplace implements stringent security measures, including encryption, access controls, and regular vulnerability assessments, to safeguard your data and protect your privacy.
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Subhajit Sahu
Abstract — Levelwise PageRank is an alternative method of PageRank computation which decomposes the input graph into a directed acyclic block-graph of strongly connected components, and processes them in topological order, one level at a time. This enables calculation for ranks in a distributed fashion without per-iteration communication, unlike the standard method where all vertices are processed in each iteration. It however comes with a precondition of the absence of dead ends in the input graph. Here, the native non-distributed performance of Levelwise PageRank was compared against Monolithic PageRank on a CPU as well as a GPU. To ensure a fair comparison, Monolithic PageRank was also performed on a graph where vertices were split by components. Results indicate that Levelwise PageRank is about as fast as Monolithic PageRank on the CPU, but quite a bit slower on the GPU. Slowdown on the GPU is likely caused by a large submission of small workloads, and expected to be non-issue when the computation is performed on massive graphs.
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Round table discussion of vector databases, unstructured data, ai, big data, real-time, robots and Milvus.
A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
1. NEWS RELEASE
Oceanus Reports Mineral Resource Estimate
for the El Tigre Property in Sonora, Mexico
Indicated Resources – 661,000 Gold Equivalent Ounces
Inferred Resources – 341,000 Gold Equivalent Ounces
HALIFAX, NOVA SCOTIA – September 13, 2017 – Oceanus Resources Corporation (TSXV:OCN and
OTCQB:OCNSF) ("Oceanus" or the “Company”) announces an independent Mineral Resource Estimate for
the El Tigre Property completed by P&E Mining Consultants Inc. ("P&E") which is detailed in Table 1
below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and
includes the El Tigre1
, Fundadora2
and El Tigre Tailings3
Deposits.
Mineral Resource Estimate
The El Tigre Mineral Resource Estimate includes extensions of the historical El Tigre and Seitz Kelly
Veins1
, as well as the mineralized breccia halo around the El Tigre Vein. The Fundadora Mineral Resource
Estimate includes the Aquila, Fundadora, Protectora and Caleigh Veins2
.
TABLE 1: El Tigre Project Mineral Resource Estimate (1-11)
Resource Area Class
AuEq g/t
Cut-Off
Tonnes
(000’s)
Ag
g/t
Ag ozs
(000’s)
Au
g/t
Au ozs
(000’s)
Au Eq
g/t
AuEq
ozs
(000’s)
El Tigre
Constrained
Pit1
Indicated 0.20 25,170 15 11,906 0.51 416 0.69 559
Inferred
0.20 2,791 12 1,093 0.38 34 0.52 47
El Tigre
Underground1
Indicated 1.50 207 156 1,041 0.46 3 2.33 16
Inferred 1.50 11 82 29 1.27 0 2.26 1
Fundadora
Constrained
Pit2
Indicated 0.20 451 167 2,428 0.93 14 2.94 43
Inferred
0.20 1,774 150 8,554 0.69 39 2.49 142
Fundadora
Underground2
Indicated 1.50 80 118 306 1.03 3 2.45 6
Inferred 1.50 2,003 140 9,044 0.60 38 2.28 147
Sub Total Indicated 0.20, 1.50 25,908 19 15,681 0.52 436 0.75 624
Sub Total Inferred 0.20, 1.50 6,579 89 18,720 0.52 111 1.59 337
El Tigre
Tailings3
Indicated 0.37 939 78 2,345 0.27 8 1.21 37
Inferred 0.37 101 79 254 0.27 1 1.22 4
Total Indicated 0.20,0.37,1.50 26,847 21 18,026 0.51 444 0.77 661
Total Inferred 0.20,0.37,1.50 6,680 88 18,974 0.52 112 1.59 341
2. Notes to Table 1:
(1) El Tigre Deposit Mineral Resources are comprised of the El Tigre and Seitz Kelly Veins.
(2) Fundadora Deposit Mineral Resources are comprised of the Aquila, Fundadora, Protectora and Caleigh Veins.
(3) El Tigre Tailings Deposit Mineral Resources are comprised of the tailings from the former El Tigre operation.
(4) Mineral Resources are reported within a constraining pit shell.
(5) The Mineral Resource Estimate is reported in accordance with the Canadian Securities Administrators
National Instrument 43-101 and has been estimated using the CIM “Estimation of Mineral Resources
and Mineral Reserves Best Practice Guidelines and CIM “Definition Standards for Mineral Resources
and Mineral Reserves.
(6) Au:Ag ratio = ($1250/$17)/(70% Ag Rec/80% Au Rec)= 84:1 Therefore, AuEq=(Ag/84) + Au
(7) Mineral Resources in this estimate are based on approx. two year trailing average metal prices of
US$1,250 oz Au and US$17 /oz Ag, estimated process recoveries 80% Au and 70% Ag, US$5.70/t
process cost and US$0.80/t G&A cost. Mining costs of US$1.55/t for open pit and $45/t for underground
and tailings mining costs of US$5.50/t were used to derive the respective Mineral Resource Estimate
AuEq cut-offs of 0.20 g/t and 1.5 g/t and 0.37g/t. Pit optimization slopes were 50 degrees
(8) The Mineral Resource Estimate uses drill hole data available as of September 1, 2017.
(9) Totals may not add correctly due to rounding.
(10) An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral
Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of
Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued
exploration.
(11) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The
estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title,
taxation, sociopolitical, marketing or other relevant issues.
Glenn Jessome, President and CEO of Oceanus, commented: “This NI 43-101 Mineral Resource Estimate is
an important milestone for Oceanus and further supports our belief that we have identified a new precious
metals district in the Sierra Madre. Our technical team deserves to be commended for the excellent work
they have completed in the past sixteen months since we commenced exploring El Tigre. We are going to
aggressively continue exploration work this fall and into the 2018 season.”
El Tigre Hardrock Mineral Resource Estimate
Information and data used for the El Tigre and Fundadora Mineral Resource Estimate takes into account a
total of 140 drill holes and 752 underground chip samples available as of September 1, 2017. Assay data
available for the Mineral Resource Estimate included silver and gold sample grades. Assay sample lengths
within the El Tigre deposit average 1.24 m. Approximately 40% of the samples are 1.50 m or longer in
length, and assay sample lengths were therefore composited to 1.50 m prior to estimation. Summary
statistics, histograms and probability plots of the resulting composite data were examined for extreme
values. In order to reduce the influence of high-grade outliers, all composite grades were capped to 10 g/t Au
and 1,000 g/t Ag prior to grade estimation. An additional range restriction of 50 m was implemented for Au
grades of 1.00 g/t or greater, and for Ag grades of 100 g/t or greater.
Assay sample lengths for the Fundadora deposits average 0.65m, and assay sample lengths were composited
to 1.0 m prior to estimation. In order to reduce the influence of high-grade outliers, all composite grades
were capped to 12 g/t Au and 1,000 g/t Ag prior to grade estimation. An additional range restriction of 100
m was implemented for Au grades of 12 g/t or greater, and for Ag grades of 1000 g/t or greater
A bulk density of 2.44 tonnes per cubic metre was applied to the Mineral Resource Estimate, based on 947
measurements taken from drillhole core by Oceanus. A volume percent model was used to accurately report
the total Mineral Resource volumes. All grade blocks were estimated using Inverse Distance Cubed linear
weighting of the nearest four to twelve capped assay samples from two or more drillholes. Ag and Au grades
were estimated separately, and a gold equivalent value was calculated from the block estimated values.
The reasonableness of the grade block estimates was checked by a visual comparison of block and assay
grades on cross-section. In addition, summary statistics for the grade block estimates were calculated and
3. compared to assay grades, and a Nearest Neighbor model was also estimated. No significant discrepancies
were noted.
P&E considers that the quantity and quality of the drilling is sufficient to estimate a Mineral Resource for
the El Tigre and Fundadora Zones. Indicated Mineral Resources at El Tigre required two drillholes within 90
metres, equal to 50% of the Au semi-variogram range for the breccia zone. Indicated Mineral Resources at
Fundadora required two drill holes within 50 metres, equal to the Au average horizontal semi-variogram
range. Mineral Resources outside this threshold were classified as Inferred.
The gold Mineral Resource Estimate hosted in the El Tigre gold and silver deposit is related to a series of
high-grade epithermal veins controlled by a north-south trending structure cutting across the andesitic and
rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad gold and silver mineralized prophylitic
alternation zone. The veins dip steeply to the west and are typically one metre wide, however, locally can be
up to five metres in width.
The veins, structures and mineralized zones outcrop on surface and have been traced for a distance of 5.3
kilometres along strike. Historical mining and exploration activities focused on a 1.5 kilometre portion of
the southern end of the deposits, principally on the El Tigre, Seitz Kelly and Sooy Veins. Four veins in the
north (Aguilas, Escondida, Fundadora and Protectora) were explored with only limited amounts of
production.
The statistical analysis, geological modeling and Mineral Resource Estimate was prepared by Mr.
Fred Brown, P. Geo., with P&E Mining Consultants Inc. (P&E) and Mr. Eugene Puritch, P. Eng., FEC,
CET also with P&E. Both are Independent Qualified Persons as defined by National Instrument 43-101.
Mineral Resource modeling and grade estimation was carried out using a 3-dimensional block model
based on geostatistical applications using GEMCOM software.
Modeling was conducted in Universal Transverse Mercator (UTM) coordinate space relative to the WGS
1984 and UTM Zone 12. A block size of 5 m (X) x 5 m (Y) x 5 m (Z) was used. The El Tigre Mineral
Resource grade model utilized 140 drill holes that were completed from 1982 to 2017. Mr. Brown, P. Geo.,
visited the property in June 2016 and June 2017, in order to verify and validate the historic drill hole dataset
and to verify the drilling of the recently completed 2016 and 2017 diamond drilling campaigns completed
by Oceanus. Over the period of the last two years, P&E personnel were intimately involved in the
verification, validation, drill hole collar surveying and QA/QC analysis of the El Tigre drill hole database.
The current drill hole database is deemed to be in good condition and suitable to use in ongoing
Mineral Resource Estimates.
El Tigre Tailings Mineral Resource Estimate
Information and data used for the El Tigre tailings Mineral Resource Estimate takes into account a total of
53 Hollow Stem Auger drillholes completed across the tailings deposit. From the supplied survey, lithology
and drilling data a three-dimensional representation of the tailings deposit was constructed, delineating the
surface and base of the deposit, as well as three internal sub-divisions.
Assay data available for the tailings Mineral Resource Estimate included silver and gold sample grades.
Assay sample lengths within the deposit average 1.61 m. A total of 71% of the samples are 1.50 m in length,
and assay sample lengths were therefore not composited prior to estimation. Summary statistics, histograms
and probability plots of the assay data were examined for extreme values. In order to reduce the influence of
high-grade outliers, all assay samples were capped to 1 g/t Au and 100 g/t Ag prior to estimation. A range
restriction of 40 m was implemented for Au grades of 0.60 g/t or greater, and for Ag grades of 120 g/t or
greater.
A bulk density of 1.60 tonnes per cubic metre was applied for the El Tigre Tailings Mineral Resource
Estimate. A volume percent model was used to accurately report the total Mineral Resource Estimate
volume. All blocks in the tailings Mineral Resource were estimated using Inverse Distance Squared linear
4. weighting of the nearest four to twelve capped assay samples from two or more drillholes. Ag and Au grades
were estimated separately, and a silver equivalent value was calculated from the block estimates.
The reasonableness of the grade block estimates was checked by a visual comparison of block and assay
grades in section. In addition, summary statistics for the grade block estimates were calculated and compared
to assay grades, and a Nearest Neighbor model was also estimated. No significant discrepancies were noted.
P&E considers that the quantity and quality of the drilling is sufficient to estimate a Mineral Resource
Estimate for the tailings deposit. Indicated Mineral Resources required two drill holes within 60 metres,
equal to the horizontal Ag semi-variogram range. Mineral Resources outside this threshold were classified as
Inferred.
Potential for Resource Expansion
As a direct effect of the 2016-17 El Tigre drilling program and completion of an updated geologic model,
additional target zones for Mineral Resource expansion have been identified in undrilled areas or areas of
limited drill hole testing. Shallow and deeper oxide targets have been identified adjacent to existing
Mineral Resources that have good potential to expand the current Inferred Mineral Resources. Along with
targets to potentially expand the Mineral Resource, areas within the existing Inferred Mineral Resource
Estimate that are defined by widely spaced drilling but with reasonable grades provide the company with
potential to convert and grow the indicated portion of the oxide Mineral Resource Estimate. P&E
recommends further drilling to test these drill targets in order to expand the existing Mineral
Resources and convert Inferred Mineral Resources to Indicated Mineral Resources.
El Tigre Property
Gold was first discovered on the El Tigre Property in 1896 at the Gold Hill area and mining started with the
Brown Shaft in 1903. The focus soon changed to mining high-grade silver veins in the area with the
majority of the production coming from the El Tigre Vein. Historic underground mining on the El Tigre
Vein extended 1,450 metres along strike and mined on 14 levels to a depth of 450 metres. By the time the
mine closed in 1938, it was reported to have produced a total of 353,000 ounces of gold and 67.4 million
ounces of silver from 1.87 million tons (Craig, 2012).
Oceanus acquired the El Tigre Property in November 2015 and during the first half of 2016 Oceanus carried
out an infill gap sampling program on the legacy diamond drill core. Oceanus disclosed the results from
this work for 53 drill holes over a strike length of 1,675 metres, located between Sections 4975N and
3300N. Complete assay results for the infill gap sampling program are included in appendices to press
releases dated March 7, 2016, May 16, 2016 and June 28, 2016, and included 127.0 metres of 2.16 g/t gold
equivalent consisting of 1.80 g/t gold and 27.5 g/t silver which included 33.0 metres of 4.73 g/t gold
equivalent consisting of 4.48 g/t gold and 18.5 g/t silver from Hole ET-13-051.
Oceanus subsequently completed the 2016-17 infill drilling program at El Tigre in May 2017 having drilled
a total of 62 diamond drill holes totaling 11,923.1 metres. Assay results from this drilling program are
included in press releases dated September 14, 2016, October 18, 2016, December 14, 2016, March 6, 2017,
May 25, 2017, June 7, 2017 and June 29, 2017. These drill results demonstrated wide oxidized zones of
precious-metals mineralization at El Tigre that outcrop at surface. The purpose of this drill program was to
support a National Instrument 43-101 Mineral Resource Estimate for the El Tigre Property.
Technical Report
A National Instrument 43-101 Standards of Disclosure for Mineral Projects Technical Report documenting
the updated Mineral Resource Estimate will be filed on SEDAR within 45 days from the date of this news
release.
5. Lab Preparation, Assay, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the
sample lengths are determined, the full core is sawn with a diamond blade core saw with one-half of the core
being bagged and tagged for assay. The remaining portion is returned to the core trays for storage and/or for
metallurgical test work.
The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs
crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh
(106μm). The pulps are assayed for gold using a 50 gram charge by fire assay (Code 1A2-50) and over limits
greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-
element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than
100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8 Ag FA-GRAV Ag).
Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples
and includes the systematic insertion and monitoring of appropriate reference materials (certified standards,
blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in
each batch are tracked to ensure the integrity of the assay data. All results stated in this press release have
passed the Oceanus QA/QC protocols.
About P&E
P&E Mining Consultants Inc. is a well-established (since 2004) geological and mine engineering
consultancy which services numerous Canadian and international clients from its Toronto area and
Vancouver offices. P&E has undertaken over 300 projects around the world with a focus on gold and silver
in Canada, Mexico, USA, West Africa, Argentina and Peru.
Qualified Persons
All Mineral Resource estimation was carried out or reviewed by Fred Brown, P.Geo., and Eugene Puritch, P.
Eng., FEC, CET both an Independent Qualified Persons as defined by National Instrument 43-101 by reason
of education, affiliation with a professional association and past relevant work experience and independent
of Oceanus Resources. Mr. Puritch has reviewed and approved the scientific and technical contents of this
press release.
David R. Duncan, P. Geo., V.P. Exploration of the Company, is the Qualified Person for Oceanus as defined
under National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical
information in this press release.
About Oceanus Resources Corporation
Oceanus Resources Corporation is a gold exploration company operating in Mexico. Oceanus is managed by
a team of mine finders with extensive experience in exploring and developing large hydrothermal gold
projects in Mexico. Oceanus is currently focusing on the El Tigre Property in the Sierra Madre Occidental.
For further information, please contact:
Glenn Jessome
President and CEO
902 492 0298
jessome@oceanusresources.ca
CAUTIONARY STATEMENT:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
6. Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact included in
this release, including, without limitation, statements regarding potential mineralization, resources and reserves, the ability to
convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sampling, the ability to
extend resource blocks, the similarity of mineralization at El Tigre to the Ocampo mine, exploration results, and future plans and
objectives of Oceanus, are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are
frequently characterized by words such as “may”, “is expected to”, “anticipates”, “estimates”, “intends”, “plans”, “projection”,
“could”, “vision”, “goals”, “objective” and “outlook” and other similar words. Although Oceanus believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements
will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from Oceanus’s expectations include risks and uncertainties
related to exploration, development, operations, commodity prices and global financial volatility, risk and uncertainties of operating
in a foreign jurisdiction as well as additional risks described from time to time in the filings made by Oceanus with securities
regulators.