Categoría: Geovanny Vicente

HOUSTON, Feb. 3, 2021 /PRNewswire/ — McDermott International, Ltd today announced that its CB&I Storage Solutions business has been awarded a contract by New Jersey Natural Gas for the engineering, procurement and construction (EPC) of a power-to-gas facility in Howell, New Jersey. The facility will use solar power to produce green hydrogen for injection into an existing natural gas distribution network for home and commercial use.

«Green hydrogen is critical to power a carbon-free future,» said Cesar Canals, Senior Vice President of CB&I Storage Solutions. «As the energy industry seeks opportunities to reduce its impact on the environment, our proven project execution model is positioned to deliver the next generation of sustainable energy infrastructure.»

Initial engineering activities are underway in Plainfield, Illinois; project completion is expected in 2021.

CB&I Storage Solutions is the world’s leading designer and builder of storage facilities, tanks and terminals. With more than 59,000 structures completed throughout its 130-year history, CB&I Storage Solutions has the global expertise and strategically-located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the «One McDermott Way.» Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and about the expected scope and value of the project discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets;, our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customer and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

Contacts:

Investor Relations
Kevin Hargrove
Vice President and Treasurer
+1 281 870 5569
KHargrove@McDermott.com

Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636                                                                
RReid@McDermott.com

Local Area Media Relations
Kallise Clayton
Communications and Marketing, CB&I Storage Solutions
+1 281 870 5274
KClayton@McDermott.com

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SOURCE McDermott International, Ltd

• 100 Volt Coil Driver ready to ship to Potencia
• Testing complete of Potencia electric motor integration with the 100 Volt Coil Driver
• Potencia to provide performance validation results by early third quarter 2021

CALGARY, AB, Feb. 3, 2021 /PRNewswire/ – Exro Technologies Inc. (TSXV: EXRO) (OTC: EXROF) (the «Company» or «Exro»), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce an update on the Coil Driver for electric cars with Potencia Industrial, S.A. DE C.V. («Potencia»). 

The in-house testing of the Potencia motor integrated with the Exro 100 Volt Coil Driver is complete and is being packaged to ship this Friday. The testing was delayed prior to Christmas, but the team has worked hard to complete the integration and is looking forward to working alongside the Potencia team who will conduct rigorous testing to ensure operational validation in an electric car application.

Exro is looking forward to sharing the performance results as soon as they are completed in third quarter 2021 and continue to be very diligent on meeting major milestones for this collaboration.

«Despite the slight delay, we are delighted to get the Coil Driver over to Potencia now and can’t wait to see the results from their performance tests», said Sue Ozdemir, Chief Executive Officer of Exro. «I am proud of all the extra efforts from our engineering team to get this completed. Our collaboration with Potencia remains strong and we will continue to make this project deliverable a priority in the months ahead.»

About Exro Technologies Inc.

Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.

Exro’s advanced motor control technology, the Coil Driver, expands the capabilities of powertrains by enabling two separate torque profiles within a given motor. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. The controller automatically selects the appropriate configuration in real time so that power and efficiency are intelligently optimized.

For more information visit our website at www.exro.com.

LinkedIn https://www.linkedin.com/company/exro-technologies-inc

Twitter https://twitter.com/exrotech

Facebook https://www.facebook.com/exrotech/

ON BEHALF OF THE BOARD OF DIRECTORS

Sue Ozdemir, Chief Executive Officer

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, «forward-looking statements») within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as «plans», «expects», «estimates», «intends», «anticipates», «believes» or variations of such words, or statements that certain actions, events or results «may», «could», «would», «might», «will be taken», «occur» or «be achieved». Forward looking statements involve risks, uncertainties and other factors disclosed under the heading «Risk Factors» and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither 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 this release.

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SOURCE Exro Technologies Inc.

Drilling High Priority Targets at Long Valley and Imperial for New Discoveries and Resource Growth

VANCOUVER, BC, Feb. 3, 2021 /PRNewswire/ – KORE Mining Ltd. (TSXV: KORE) (OTCQX: KOREF) («KORE» or the «Company«) is pleased to announce plans for systematic 2021 exploration at both the Imperial Gold project («Imperial») and the Long Valley Gold project («Long Valley») where successful 2020 target generation programs identified an array of resource growth and new discovery drill targets.  Both Imperial and Long Valley, have district scale potential with over 26,000 and 16,000 hectares of claims respectively, are 100% owned, and have no royalties on a majority of claims.

Imperial Exploration Work Program and Milestones

• Soil sampling and mapping results from Imperial to Picacho expected in March 2021
• Detailed soil sampling around initial gold anomalies for Mesquite-Imperial in Q1 2021
• Infill IP geophysics from Mesquite (Equinox – EQX:TSX, EQX:NYSE) to Imperial in H1 2021
• First pass IP geophysics between Imperial and Picacho in H1 2021
• Permits for drilling to expand resources and make new discoveries expected in mid-2021
• Low-cost drilling to test shallow, high priority new discovery targets planned in H2 2021

Long Valley Exploration Work Program and Milestones

• Permit for resource growth drill program expected in Q1 2021
• Drilling shallow gold resource expansion and high-grade underlying sulphide targets in mid-2021
• Mapping and sampling newly staked 16,000 hectare land package to identify new gold targets
• Follow-up IP geophysics to define fault structures on new gold anomalies in H2 2021

Scott Trebilcock, CEO of KORE states, «KORE is focused on exploration growth in its US assets after delivering value across the portfolio in 2020.  Shareholders can look forward to value creation from low-cost exploration.  Both projects have shallow well defined resources with high return preliminary economic assessments and have a multitude of resource expansion targets defined from their 2020 field work.  In addition, KORE controls the entire gold district around Imperial and a large claim area around Long Valley.  Both areas have shallow, high priority drill targets to make new discoveries with low-cost scout drilling programs.»

Mr. Trebilcock continues, «In parallel with growth by exploration, KORE will continue to advance Imperial towards a production decision.   KORE is on a path to be a mid-tier gold producer, with up to 350,000 ounces of gold per annum of production between Imperial and Long Valley combined.»

KORE is prepping its highest priority targets and is anticipating updates as the Company’s exploration team confirms next steps in the coming weeks.

Imperial Exploration Details
Imperial has a mineral resource estimate with a positive Preliminary Economic Assessment («PEA»), released April 6, 2020, having the following highlights:

• Robust economics: C$ 642 million NPV5%* post-tax with 52% IRR at US$1,600 per ounce gold
• Low capital intensity project with only US$ 143 million pre-production capital cost
• 146,000 ounces gold per year over 8 years for 1.2 million ounces total production; and
• Technically simple project: shallow open pit, run-of-mine heap leach with existing infrastructure.

KORE is pursuing value enhancement over the PEA through resource expansion and exploring the Mesquite-Imperial-Picacho District (the «District»), a 28 km gold trend centered on Imperial.  The three main deposits – Mesquite, Imperial and Picacho – were all discovered by outcrop, while the remainder of the District is under alluvial cover and is largely unexplored.  Figure 1 shows the Mesquite-Imperial-Picacho District claims. 

KORE is using IP geophysics to interpret controlling fault structures that host mineralization in the District’s deposits and look under the alluvial cover.  Soil sampling from dry riverbeds (arroyos) is being used to further prioritize drill targets on the fault structures.

First past IP was completed in H1 2020, first over the Imperial deposit and then stepping out toward Mesquite.  Having the intact Imperial deposit to «tune» or «fingerprint» the geophysical signatures, greatly enhances the confidence to target new discoveries under the alluvium along the trend.  Details of the work were released January 7, 2020 and April 29, 2020.  Interpreted faults traced were traced continuously from Mesquite to Imperial. 

KORE followed up the IP geophysics in H2 2020 with mapping and first pass soil sampling for the entire 28 km Mesquite-Imperial-Picacho trend to further define discrete drill targets, which was completed as recently as this past weekend.  Results from the Imperial-Mesquite portion of the District were released December 8, 2020.  Figure 2 depicts the western half of the District (Mesquite-Imperial) with three large exploration areas – Mesquite East, Ogilby and Imperial West.  Samples from the Imperial area are at the lab and samples from Imperial-Picacho are being prepared for the lab.  Results are expected in several batches through Q1 2021.   

KORE plans to follow-up on the identified soil anomalies with further detailed soil sampling grids and infill geophysical surveys in H1 2021.   

KORE is currently permitting a 168 pad drill program via a Plan of Operations («PO») process with the Bureau of Land Management local office.  Permits are expected in mid-2021. Drill testing of the highest priority targets is planned to start in H2 2021, subject to permitting.

Long Valley Exploration Details
Long Valley has a mineral resource estimate with a positive PEA, released October 27, 2020, having the following highlights:

• Robust economics: C$ 376 million NPV5%* post-tax with 48% IRR at US$1,600 per ounce gold
• 102,000 ounces gold per year over 7 years for 0.7 million ounces total production; and
• Technically simple project: shallow open pit, heap leach with nearby infrastructure.

Long Valley’s shallow mineralization has an array step-out drill targets in all directions.  The project can be further expanded with new discoveries on the recently staked claims, see release dated December 1, 2020 and as depicted in Figure 3, that have the potential to host parallel mineralized structures, similar to the one that hosts the current resources.  Additional mineralization could extend mine life, reduce capital intensity, and generate higher project economic returns modelled in the positive PEA.  An summary of oxide expansion targets is included in Figure 4.

Additionally, as a fully intact epithermal deposit with a large at surface footprint, Long Valley has the potential for high-grade sulphides in the underlying feeder structures.  Discovering high-grade sulphides would open up additional development pathways for Long Valley, such as underground mining.  A summary of sulphide expansion targets, interpreted feeder structures, is included in the KORE news releases dated January 30, 2020 and March 24, 2020. 

KORE is currently permitting a drill program at Long Valley.  The permit has been in process since mid-2020 and permits are expected in Q1 2021. 

KORE plans a low-cost drill program to test the highest priority oxide and sulphide targets in 2021.  Drilling planned for mid-2021, subject to the US Forest Service permitting timelines and permit conditions.  

KORE is also planning an IP geophysics survey in H2 2021 to define new structures on the recently staked claims on which to target new discoveries.

KORE is committed to operate within the stringent environmental and labour standards of California.  KORE plans to concurrently reclaim drill pad locations and ensure measures are taken to mitigate any impacts to biological and cultural resources.  KORE has designed the drill programs to maximize the existing public road/trail network in the area so as to limit any new disturbances, and the Company will be adjusting our drill pad locations as needed to avoid any sensitive sites should any be encountered.

About Imperial Gold Project
KORE owns 100% of the Mesquite-Imperial-Picacho District which consists of 26,323 acres on 1,007 claims capturing the entire 28-kilometer trend from the operating Mesquite mine (Equinox Gold – TSX:EQX) to the closed Picacho mine and including KORE’s Imperial project as depicted on Figure 1.  The Imperial resource, which was the subject of a highly successful 2020 Preliminary Economic Assessment released April 6, 2020, is located roughly in the center of the District.  KORE is planning to move the Imperial PEA mine plan into permitting in mid-2021 once they have received drilling permits.

In the District, gold is hosted in local fault structures related to a series of regional faults connecting the known District deposits.  Those three District deposits (Mesquite-Imperial-Picacho) were discovered in exposed outcrops and from placer workings.  The rest of the District is covered by alluvium and has never been systematically explored using modern techniques. 

Imperial is a structurally controlled intermediate sulfidation epithermal gold deposit. The 100% oxide gold deposit is currently defined at 2.44 kilometer long and up to 0.75 kilometer wide and is open both along strike and downdip. It is hosted in a shallowly southwest dipping, amphibolite grade metamorphic rock suite along a west-northwest trending low-angle regional thrust fault system. The thrust fault system controls the regional geometry of mineralization. East-west striking, post-mineralization normal faults control the property scale geometry of mineralization. Geophysical characterization of the deposit and regional controlling structures is an essential component of exploration for additional resources.

About Long Valley Project
Long Valley is 100% owned epithermal gold project located in Mono County California as depicted in Figure 3. The Long Valley deposit is an intact epithermal gold deposit with a large 2.5 km by 2 km oxide gold footprint.  The deposit was the subject of a highly successful PEA released October 27, 2020.

The Long Valley deposit is an intact low sulphidation epithermal gold/silver deposit, hosted within a melange of fine to coarse volcanogenic sedimentary lithologies.  Mineralization at Long Valley has developed due to a combination of deep-rooted fault structures and a resurgence of rhyolite within an active caldera.  The Hilton Creek Fault structure transects and served as a fluid conduit for interaction with the underlying hydrothermal system, while the rhyolite resurgence caused brittle fracturing of sediments and created voids or traps for mineralization and gold deposition.  The combination of these factors yields strongly altered kaolin and quartz-hematite zones that are the primary host for gold mineralization. 

The Hilton Creek Fault remains underexplored on-strike north and south and several parallel structures have been defined using geophysics, the eastern one hosting some of the current mineral resource and the western one being unexplored.  Long Valley is therefore open to new oxide discoveries in all directions. 

About KORE Mining
KORE is 100% owner of the Imperial and Long Valley gold projects assets in California.  Both projects have positive economic assessments put KORE on the path to up to 350,000 ounces of gold production. KORE is supported by strategic investor Eric Sprott who owns 26% of KORE’s basic shares.  KORE management and Board are aligned with shareholders, owning an additional 38% of the basic shares outstanding.  KORE is actively developing its Imperial Gold project and is aggressively exploring across its portfolio of assets.

Further information on Imperial and KORE can be found on the Company’s website at www.koremining.com or by contacting us as info@koremining.com or by telephone at (888) 407-5450.

On behalf of KORE Mining Ltd
«Scott Trebilcock»
Chief Executive Officer
(888) 407-5450

Investor Relations
Arlen Hansen, KIN Communications
1-888-684-6730
kore@kincommunications.com

Technical information with respect to the  Imperial Gold Project  and Long Valley Project contained in this news release has been reviewed and approved by Marc Leduc, P.Eng, who is KORE’s COO and is the qualified person under National Instrument 43-101 responsible for the technical matters of this news release.

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 this release.

Cautionary Statement Regarding Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as «will», «may», «should», «anticipate», «expects», «intends», «indicates» and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements.  Forward-looking statements in this news release include, but are not limited to, statements with respect to: final results of future exploration work, including further mapping and sampling and the timeline for completion, the results of thePEAs for both the Imperial and Long Valley projects, including future opportunities, , the projected NPV for both the Imperial and Long Valley projects, permit  timelines, and the ability to obtain the requisite permits, the market and future price of and demand for gold, , and the ongoing ability to work cooperatively with stakeholders, including the all levels of government. Such forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. 

Such factors include, among others: risks related to exploration and development activities at the Company’s projects, and factors relating to whether or not mineralization extraction will be commercially viable; risks related to mining operations and the hazards and risks normally encountered in the exploration, development and production of minerals, such as unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction and removal of materials; uncertainties regarding regulatory matters, including obtaining permits and complying with laws and regulations governing exploration, development, production, taxes, labour standards, occupational health, waste disposal, toxic substances, land use, environmental protection, site safety and other matters, and the potential for existing laws and regulations to be amended or more stringently implemented by the relevant authorities; uncertainties regarding estimating mineral resources, which estimates may require revision (either up or down) based on actual production experience; risks relating to fluctuating metals prices and the ability to operate the Company’s projects at a profit in the event of declining metals prices and the need to reassess feasibility of a particular project that estimated resources will be recovered or that they will be recovered at the rates estimated; risks related to title to the Company’s properties, including the risk that the Company’s title may be challenged or impugned by third parties; the ability of the Company to access necessary resources, including mining equipment and crews, on a timely basis and at reasonable cost; competition within the mining industry for the discovery and acquisition of properties from other mining companies, many of which have greater financial, technical and other resources than the Company, for, among other things, the acquisition of mineral claims, leases and other mineral interests as well as for the recruitment and retention of qualified employees and other personnel; access to suitable infrastructure, such as roads, energy and water supplies in the vicinity of the Company’s properties; and risks related to the stage of the Company’s development, including risks relating to limited financial resources, limited availability of additional financing and potential dilution to existing shareholders; reliance on its management and key personnel; inability to obtain adequate or any insurance;  exposure to litigation or similar claims; currently unprofitable operations; risks regarding the ability of the Company and its management to manage growth; and potential conflicts of interest. 

In addition to the above summary, additional risks and uncertainties are described in the «Risks» section of the Company’s management discussion and analysis for the year ended December 31, 2019 prepared as of April 27, 2020 available under the Company’s issuer profile on www.sedar.com.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. 

There is no certainty that all or any part of the mineral resource will be converted into mineral reserve. It is uncertain if further exploration will allow improving the classification of the Indicated or Inferred mineral resource.  Mineral resources are not mineral reserves and do not have demonstrated economic viability.

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SOURCE Kore Mining

WASHINGTON, Feb. 3, 2021 /PRNewswire/ — Known to many as ‘La Guarachera de Cuba‘ and the ‘Queen of Salsa,’ Celia Cruz, the most popular Latin artist of the 20^th Century, posthumously adds the Balanta people of Guinea-Bissau to her distinguished legacy. As part of AfricanAncestry.com’s Remember Who You Are campaign, Cruz’s iconic roots were traced using the DNA of a niece on her maternal line.

«This is an exciting moment for us because Celia Cruz fully embraced her African heritage in life and her music, which is pretty trailblazing for her time,» said AfricanAncestry.com President and Co-founder Gina Paige. «We’re proud to support the growing number of people from Latin America, the Caribbean, Canada, etc., turning to us to add the ‘African’ to their identities and legends such as Cruz paved the way.»

AfricanAncestry.com used its single lineage MatriClan^® test to trace Celia Cruz’s mother’s mothers’ line to the Balanta people of Guinea-Bissau as means to honor Cruz. Celia Cody, Cruz’s niece and namesake provided her DNA through a simple swabbing of the cheek.

Records show that nearly 600,000 enslaved Africans were brought to Cuba during the Trans-Atlantic Slave Trade. Born in Havana, Cruz often integrated Yoruban Tribal influences in her work as a fearless show of African pride. «We now know she’s of the Balanta people — known as ‘those who resist’ — and we are honored to celebrate her legacy in this unprecedented way,» said Paige.

To see the video Reveal of Celia Cruz’s ancestry, visit AfricanAncestry.com/Remember. Visit www.AfricanAncestry.com for special Black History Month offers throughout February. For press inquiries in English and/or Spanish, contact Daniel Ali at Gatekeeper@TaylorCommunicationsGroup.com.

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SOURCE AfricanAncestry.com