Resource World Magazine

f e b r u a r y / m a r c h 2 0 1 6 www.resourceworld.com 17 IrvIng resources commences tradIng on cse Akiko Levinson, President and CEO, irving resources inc. [IRV-CSE] reported its common shares are trading on the Canadian Securities Exchange (CSE). Irving also reported that a technical report prepared by Christopher Mark Barrett, CGeol of SRK Consulting (Canada) Inc. entitled Independent Technical Report for the Spring Stone Exploration Mpwapwa Copper Properties, Tanzania effective October 30, 2015 has been filed under Irving's profile on SEDAR (www.sedar.com). Spring Stone Exploration is a wholly owned subsidiary of Irving Resources Inc. "We are pleased to complete the list- ing of Irving on the CSE," commented Levinson,. "Irving is a spin-out company originating from the recent acquisition of Gold Canyon Resources by First Mining Finance and starts its existence with a solid working alliance with Japan oil, Gas and metals National corp. (JOGMEC) that gives Irving significant, low-cost exposure to mineral projects in Africa. In addition, Irving will be examining a number of potentially world-class mining projects outside of Africa over the coming months. We are looking forward to iden- tifying and acquiring a high value project that will build a foundation of value for our shareholders." Irving, through a subsidiary, holds a Project Venture Agreement with JOGMEC for joint regional exploration programs in the United Republic of Tanzania and the Republic of Malawi. Irving's subsidiary, Spring Take Ltd. was granted two prospecting licenses in Mpwapwa District of the Dodoma Region in east-central Tanzania. These prospect- ing licenses were granted on September 18 and on October 6, 2015 for a period of 48 months. The targeted commodity on these prospecting licenses is copper and associ- ated metals. Small artisanal copper mines, both active and inactive, are scattered throughout this area. Irving and Japan Oil, Gas and JOGMEC joint exploration agreement is directed towards identification of rare earth ele- ment resources in Malawi, under wholly owned JV subsidiary, Spring Stone Limited, Malawi, Africa. An Exclusive Prospecting License was granted to the JV in the Mulanje District of Malawi. northclIff resources receIves eIa certIfIcate Northcliff resources ltd. [NCF-TSX] reported that the New Brunswick gov- ernment issued a positive Environmental Impact Assessment Certificate of Determination to Sisson Mines Ltd. (the Sisson Partnership) for the Sisson tungsten- molybdenum project 80 km northwest of Fredericton, New Brunswick. The proj- ect is owned as to 88.5% Northcliff and 11.5% Todd Minerals Ltd. Under the Environmental Impact Assessment (EIA) regulation of the Clean Environment Act, the review determined mitigating measures identified during the review process, along with the conditions outlined in the Environmental Assessment Approval will provide the safeguards needed to ensure the facility can be constructed and operated in an environ- mentally sound manner. "This important milestone is another step on the path to creating a significant new tungsten producer," said Northcliff President and CEO, Chris Zahovskis. "On behalf of the Sisson Partnership, I would like to express my appreciation to the Government of New Brunswick for the support shown to this project. We recog- nize the importance First Nations and all residents of New Brunswick place on the protection of the land, water, heritage and natural resources of the province." As part of the EIA process, the Sisson EIA Report was submitted to both the federal Canadian Environmental Assessment Agency (CEAA) and the New Brunswick Department of Environment and Local Government in July 2013. A federal decision from CEAA is pending. Permit applications for construction and operation will be finalized and submitted following a positive federal decision. Concurrent with the ongoing envi- ronmental assessment process, Northcliff continues to work to secure off-take interest in Sisson's products and arrange financ- ing for development and construction. goldsource mInes commIssIonIng eagle mountaIn mIne Goldsource mines inc. [GXS-TSXV; GXSFF-OTCBB; G5M-FWB] reported that Phase I construction at its 100%-owned Eagle Mountain Gold Project in Guyana, South America is complete with com- missioning of the operation underway. Production plans for Phase I are based on the Preliminary Economic Assessment of the Eagle Mountain Saprolite Gold Project, Guyana Technical Report (PEA) dated July 31, 2014. Phase I calls for a 1,000 tonne-per-day open pit gravity plant with post-commissioning and ramp up cash operating costs of US $500-$600/oz of gold. Yannis Tsitos, President, stated, "We are pleased with the progress at the Eagle Mountain Project. With the start of com- missioning, Goldsource begins the process of transitioning into a new junior gold pro- ducer. We will be completing extensive testing along with dry and wet runs of mined materials through the process facil- ity. The next several months of production ramp up are considered the "proof of con- cept period" to demonstrate that operational and cost parameters outlined in the PEA are achievable. We expect the Phase I capital cost for construction to be under budget at less than US $5 million compared to the esti- mated PEA budget of US $5.9 million." n mINING

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