|By Marketwired .||
|January 22, 2014 06:02 PM EST||
CALGARY, ALBERTA -- (Marketwired) -- 01/22/14 -- Pacific Iron Ore Corporation (TSX VENTURE:POC) is pleased to announce the results of recent drilling completed on their Best/Kings Bay and St. Anthony properties in Northwestern Ontario. A total of seven drill holes were completed this past fall, totaling 942 metres.
Five holes were drilled on the St. Anthony Property approximately 500 metres south of the historic Dawson-White shaft, to test the extent of the veining in the area. Each hole drilled tested the mafic volcanic-granodiorite contact, and contained several porphyry and vein intervals, with varying intensities of shearing present across all lithologies. Visible Gold was encountered in three of the five holes with values up to 27.7 g/t over 0.5 meters.
Two holes were also drilled on the Best/Kings Bay Property to test several SP (Self-Polarization) geophysical anomalies. Interstitial pyrrhotite scattered throughout hole AB-01 accounts for the SP anomalies in that area, however, the anomalies that hole AB-02 was designed to test remain unexplained.
Table 1 - Significant Drilling Results
--------------------------------------------------------------------------- Length Hole No. Area Description From (m) To (m) (m)(i) Au g/t --------------------------------------------------------------------------- DW-01 Dawson-White Mafic volcanic with quartz stringers 10 10.7 0.7 1.195 --------------------------------------------------------------------------- DW-02 Dawson-White Patchy white quartz veins in mafic volcanic 12.45 13 0.55 0.702 Thin quartz vein with visible gold 127.65 127.95 0.3 11.05 Thin quartz vein in granodiorite 152.7 153 0.3 2.88 --------------------------------------------------------------------------- DW-04 Dawson-White Opaque white quartz vein in mafic volcanic 60.5 61.5 1.55 0.86 Including 60.5 61.5 1 1.115 Opaque quartz vein in silicified porphyry 65.8 66.8 1 15.58 Including 65.8 66.3 0.5 27.7 And 66.3 66.8 0.5 3.46 Quartz flooding in granodiorite 75.45 75.8 0.35 1.02 --------------------------------------------------------------------------- DW-05 Dawson-White Translucent vein with visible gold 65.3 65.7 0.4 11.05 Several quartz veins in sheared mafic volcanic 70.9 73.3 2.4 7.33 Including 71.25 72 0.75 3.26 And 72 72.4 0.4 17.25 And 72.4 73 0.6 2.6 And 73 73.3 0.3 21.8 ---------------------------------------------------------------------------
(i)Length refers to drilled length; true widths have not been determined.
Pacific Iron Ore's 8,816 hectare (51 mining claims) St. Anthony property includes the St. Anthony mine - historically the largest gold producing mine in Ontario's Kenora - Patricia Mining Division. The St. Anthony claim group is located along the eastern shore of the north arm of Sturgeon Lake within the Sturgeon Lake Greenstone Belt. The Best/Kings Bay Property is comprised of 752 hectares (3 mining claims and 14 leases) and is contiguous to the St. Anthony Property.
The rock samples were provided to ALS Chemex, an ISO 9001 and ISO 17025 accredited facility located in Thunder Bay, Ontario, for analysis and processing. The samples taken were analyzed for 51 elements by aqua regia digestion with induction coupled plasma mass spectroscopy (ICP-AES), and for gold by Trace Level fire assay on a 30 g sample with induction coupled plasma mass spectroscopy (ICP-AES) finish. Samples over the detection limit were re-assayed using a gravimetric finish, and samples containing visible gold were sent for pulp metallic analysis, screened to 100 microns with a gravimetric finish. An independent QA-QC protocol was used on the program consisting of a combination of blanks and standards.
Change of Directors
Pacific Iron Ore Corporation is pleased to announce that Mr. Alexander S. Harvey has been elected to the board of directors effective November 13, 2013. Mr. Harvey is an Edmonton businessman and the President of The ASH Corporation. Mr. Harvey serving as a director remains subject to TSXV approval.
The Company also announces the retirement of Mr. Todd Montgomery and Mr. Brent Walter from the board of Directors. Mr. Montgomery has left the board to pursue other business commitments but remains a significant shareholder and supporter of the company. Mr. Walter has also retired from the board to focus on his law practice but remains a significant shareholder and will remain the Corporation's solicitor.
The Board of Pacific Iron Ore Corporation wishes to thank Mr. Montgomery and Mr. Walter for their contributions and expertize to the board since the company became a public entity and wishes both of them every success in the future.
Neil Pettigrew, M.Sc., P.Geo., Vice President of Fladgate Exploration Consulting Corporation, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this press release.
Forward Looking Statements:
The TSX.V Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward looking statements". All statements in this release, other than statements of historical facts that address future production, reserves potential, exploration drilling, exploration activities and events or developments that the Corporation expects are forward looking statements. Although the Corporation believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market prices; exploitation and exploration successes; continued availability of capital, financing and personnel; government regulation and laws; the Corporations relationship with First Nations; environmental developments; and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward looking statements. For more information on Pacific Iron Ore Corporation, Investors should review the Corporation's registered filings which are available at www.sedar.com.
Neither the 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 his release.
Pacific Iron Ore Corporation
R. A. N. Bonnycastle
(403) 265-2887 (FAX)
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
Dec. 29, 2014 07:45 AM EST Reads: 2,838
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 29, 2014 06:00 AM EST Reads: 2,980
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
Dec. 29, 2014 03:45 AM EST Reads: 1,842
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Dec. 29, 2014 02:00 AM EST Reads: 2,179
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Dec. 29, 2014 01:30 AM EST Reads: 2,689
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
Dec. 29, 2014 12:00 AM EST Reads: 1,958
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 28, 2014 07:00 PM EST Reads: 2,160
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 28, 2014 07:00 PM EST Reads: 1,946
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Dec. 28, 2014 07:00 PM EST Reads: 2,739
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo – to be held June 9-11, 2015, at the Javits Center in New York City, NY – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo fl...
Dec. 28, 2014 06:45 PM EST Reads: 758
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
Dec. 28, 2014 06:00 PM EST Reads: 2,077
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
Dec. 28, 2014 05:00 PM EST Reads: 2,304
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Dec. 28, 2014 05:00 PM EST Reads: 2,327
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
Dec. 28, 2014 03:00 PM EST Reads: 1,897
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
Dec. 28, 2014 03:00 PM EST Reads: 2,216