Russ Patterson on Using Everyday Spaces to Create One-of-a-Kind Experiences | #HashtagFinance

Spacefy (CSE:SPFY) CEO Russ Patterson recently sat down with Barrington Miller to explain how Spacefy is building the “Airbnb” for creative spaces (3:15), the weirdest booking he’s seen (so far) on their platform (11:00), and ambitions for expansion into global, world-class cities (15:30). Listen until the end to hear about Russ’ favourite creative space and his idea of the ultimate location in Toronto.

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MegumaGold: A fresh take on the gold exploration model for Nova Scotia

The province of Nova Scotia already has a rich gold mining heritage, but new theories and modern exploration technologies are re-awakening interest in the jurisdiction’s huge potential.

It was the site of one of Canada’s first gold camps and production of the metal dates back to around the middle of the nineteenth century.

Between 1862 and 1927 almost a million ounces of the precious metal were extracted from the province.

In those early days, however, the focus was on high-grade, narrow vein deposits. Today, the emphasis has shifted with the discovery of disseminated mineralization with bulk-mineable potential.

The Touquoy deposit

The move started with the discovery of shales at the Touquoy deposit, where a company called Atlantic Gold has now commissioned a highly successful open pit mine.

Now another firm – explorer MegumaGold Corp. (CSE:NSAU), which takes its name from the Meguma Terrane where the original gold rush took place – is getting in on the act. It has acquired 11,205 claims totaling more than 170,000 hectares, many of which are adjacent and along trend from the Touquoy deposit.

Meguma’s chief executive officer, Regan Isenor, explains, “Typically in Nova Scotia, everyone was always after the high-grade nuggety style quartz-hosted gold, which is quite expensive to extract and it’s hard to build models off of that type of mineralization. Atlantic Gold, here in the province, has shown that the disseminated model of low-grade, bulk tonnage is really where the projects that are economically viable are going to be found.”

Without getting too technical, the reason for the geology is this: glaciation in Nova Scotia caused the softer rock on the top to erode, exposing the harder outcrops, which excited those early explorers because the gold was often visible in the quartz veining exposed at surface.

Disseminated mineralization, on the other hand, often cannot be seen and is scattered across large areas at a lower grade but could potentially exist throughout the massive anticline structures within the Meguma Terrane.

Although such mineralization can’t be seen, exploitation of the gold is simple and cheap – simply digging the source rocks out of the ground from an open pit, while cheap processing methods can also be used.

Although the company doesn’t plan to put a deposit into production itself, Meguma wants to emulate the success of its neighbor Atlantic Gold.

Low-cost mine

The latter’s Moose River Consolidated gold mine has the lowest all-in sustaining cost per ounce mine in the world – between US$540 and US$588 – mainly due to the low strip ratio.

Meguma is currently in the middle of a 20,000 meter reverse circulation (RC) drill program focused on 10 highlight targets, whittled down from an original 40, which were identified from a major airborne geophysical and Lidar survey.

Isenor highlights that the company’s targets are predominantly on ground that has “never been tested before,” which is exciting as he believes disseminated gold could be present throughout the province.

He aims to have completed 10,000 meters of drilling by mid-summer, before stopping to have assays returned for evaluation ahead of a larger program, consisting of diamond drilling to focus in on the most exciting targets and RC rigs for more regional exploration.

With enough money in the bank to fully finance the current drill program, specifically around $5.5 million, Meguma hopes to succeed in Nova Scotia where others have had to throw in the towel before.

“People have come in and they’ve had an idea of what a particular model could look like, but they haven’t been funded well enough to actually really test these targets and that’s what we are doing,” says Isenor. “We are really aggressively drilling them.  If it’s there we are going to find it.”

MegumaGold was previously called Coronet Metals and was run out of Vancouver by mining executive Theo Van der Linde, with a tailings project in Nevada.

He became aware of the Meguma land package and could see the opportunity. Coronet struck a deal to buy a large land package in the historic gold district and Isenor was brought in as the CEO when the company name changed last June.

The operations base was also moved to Bedford in Nova Scotia and the firm started to raise capital for exploration.

Van der Linde remains as president at the company.

Big goals

Despite its early stage, MegumaGold has big goals as it looks to play a major part in Nova Scotia’s paradigm shift in the understanding and potential of its gold deposits.

Isenor reckons his company stands at the exciting beginning phases of people understanding that this disseminated style of mineralization is really where the future lies and is the economic mining model for Nova Scotia.

“People never really evaluated any of these targets for this disseminated style,” he explains, adding that often such geology was considered by miners to be mere waste rock.  New theories indeed.

This story was originally published at www.proactiveinvestors.com on March 8, 2019 and featured in the Public Entrepreneur magazine.

Learn more about MegumaGold Corp at https://megumagold.com/.

Prad Sekar on Leveraging Data to Bring Medical Cannabis to the Masses | #HashtagFinance

CB2 Insights’ CEO Pradyum Sekar recently sat down with Barrington Miller to discuss the importance of medically validated cannabis data (3:45), the challenge of breaking down barriers with physicians (9:45), and the impact of big pharma on medical cannabis (13:30). Listen until the end to hear about Prad’s experience around launching the company, pivoting the business (hint – vertical integration!), and their recent launch on the CSE – Canadian Securities Exchange.

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Sarah Morrison on the Vital (and Not Boring) Role of the Transfer Agent | #HashtagFinance

Sarah Morrison from Capital Transfer Agency sat down with Barrington Miller to explain what a transfer agent actually does (2min), what to do when you find an old share certificate in your attic (7min), and the role blockchain will (or won’t) play in the future of deploying transfer agency services (12:30). Listen until the end to hear how her firm competes with the “big guys” and exciting news about the deployment of CTA’s services across the U.S./Canada border!

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Colin Fisher on the State of the Canadian Tech Scene in 2019 | #HashtagFinance

StableView’s Colin Fisher joins Grace Pedota for a spirited chat about the recent and current trends in Canadian tech finance including an explanation as to why blockchain is still important, despite the initial failures of crypto currency (3:00), why he actually built a crypto mining rig in his office (11:30), and the opportunities emerging in the rapidly growing eSports sector (21:15). Listen until the end to hear his thoughts on going public versus staying private, his solution for tech finance in Canada, and a tease of this year’s upcoming StableView Conference!

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Idaho Champion Gold Mines: Carefully chosen gold project meets with early success in a great state for mining

From his offices in Toronto, Jonathan Buick sees the glitter of opportunity more than 2,000 miles away. On the outskirts of Elk City, Idaho, is Buick’s Xanadu, the Baner project, where he has just struck gold.

“We drilled 19 holes and we hit mineralization on every hole. The further to the north we got, the shallower it was and the better the grade,” says Buick of the 1,705 hectare exploration site.

If history is any guide, Baner’s potential is substantial to say the least. The Elk City area had numerous alluvial gold deposits dredged from the tributaries of the Clear Water River, which runs through it, between the 1850s and the late 1980s. And Crooked Creek, an area just north of the Baner project, yielded about 1.5 million alluvial ounces between 1880 and 1910.

Before moving to acquire Baner in November of 2016 and set up Idaho Champion Gold Mines Canada Inc. (CSE:ITKO) via a reverse takeover, Buick and his colleagues reviewed over 250 gold projects globally. The scope of the search was narrowed to places within an appropriate time zone and a favorable, English language legal jurisdiction. Idaho emerged as the best bet.

“We’re in a good environment. We have great relationships with various agencies and both the US Forest Service and the Bureau of Land Management. They’ve been very supportive. We’ve also made it a real focus to try to hire as many of the local people as we can,” says Buick. “We think it’s important for people to know that we’re here to be good stewards, but also to participate in the economy.”

Baner was purchased for US$500,000 from a local family, who had owned it since the 1890s. Last June, the first exploration of the site in modern times began.

Idaho Champion’s first drilling effort at Baner yielded a discovery zone which is about 500 meters north to south by 200 meters east to west. As much as 5,200 meters of core was drilled in 19 holes as part of this maiden campaign. And the results included an assay from a hole which intersected 5.76 grams of gold per tonne over 12.65 meters.

The company recently purchased six additional claims, which allows it to increase its strike length a further 2 kilometers.

“I believe that we have only scratched the surface on our first exploration program at Baner. We have made a new gold discovery through the drill bit and encountered great initial grades in the highly oxidized zones near the surface,” said Buick. “There was good continuity in the holes and our newly acquired Sally claims will provide us the opportunity to expand the strike length an additional 2 km to the north.”

Particularly exciting is that the drill results show highly oxidized zones near the surface, which improves the grades and makes the gold project “much more economically attractive.”

The results at Baner are being analyzed to plan the exploration program for this year’s field season. Baner remains Idaho Champion’s focus, but just a couple of counties away sits the Toronto company’s second gold project, Champagne, not far from Arco, which it staked in February of 2018.

While the property was in production from 1990 to 1993 as a heap leach gold mine, the previous owners never drilled below 100 meters. Idaho Champion’s geologists think there’s a much bigger system at the 10 square kilometer property that could be characterized by “Midas”-type deposits, consisting of high-grade gold and silver epithermal systems. “We think there’s a much bigger target and a much bigger system underneath,” says Buick. “Our goal in 2019 is to go ahead and do some grassroots exploration.”

Buick is a businessman who likes to have options as a hedge against uncertainty. So, last November, in a bid to diversify, Idaho Champion purchased 822 federal US cobalt mining claims in four blocks – Victory, Fairway, Twin Peaks and Ulysses – (about 6,871 hectares) in the Idaho Cobalt Belt, just outside of Salmon, Idaho, from American Cobalt Corp. for a price of 4 million shares. Buick reports that his investors supported the move.

“When we picked up the cobalt, I went out to each of my investors and said I’m going after some cobalt because I think it’s important to have exposure to the market and also to protect us should we not be successful at Baner,” notes Buick.

Despite a sharp price correction in 2018, growing demand for lithium-ion battery elements are predicted to sustain cobalt prices into the 2020s. And the Idaho Cobalt belt represents a top district for primary cobalt discoveries.

“The standalone cobalt groups are having a challenge finding the capital. But that’s a pause in the market,” says Buick. “Cobalt is going to continue to be a focus and a priority for the end user and capital will come back into the cobalt space. I’m very confident that cobalt will again shine.”

Field work including site surveys, ridge & spur soil sampling, rock sampling and geologic mapping kicked off at Idaho’s four cobalt ventures last November in a bid to gather information for a more robust effort this year.

Buick describes the four cobalt projects as “life jackets” offering protection on the Baner program. Thanks to the recent gold discovery, it looks likely that the cobalt projects will be used to support the work at Baner. “If we had been unsuccessful at making the discovery, we would look to change our focus and apply it to spending on the cobalt,” explains Buick. “We’re now in active conversations with third parties to allow for the monetization of the cobalt to allow us to expand on our gold focus.”

Under review now is whether to spin out the cobalt projects into a new company; to sell them and keep an interest; or bring in a partner. “Right now, we’re reviewing all of those options on the cobalt that will allow us to come back and focus on the gold,” Buick reports.

Having raised more than $400 million throughout his lengthy tenure in finance, Buick, who specializes in securing strategic capital in Korea and Japan as a managing director of Harp Capital and his own investment firm, enjoys a reputation as a money finder.

Before Idaho Champion started trading on the CSE at the end of September, Idaho raised more than US$3 million. It remains pre-revenue, however, and posted a net loss of C$2.36 million in the three months until the end of September, according to its latest regulatory filing statement.

But business is percolating, and Buick is confident that money can be found. “We have shareholders who said they would commit to the next source of funding when that is needed,” he says. He also points out that the company is not only engaged in conversations about its cobalt projects, but it’s also been approached by some larger gold companies about how they can participate in Baner.

Over the next two years, Buick intends to make the mission of Idaho Champion as public as he possibly can. “We’re a newly minted company on a project that hasn’t had modern exploration,” he concludes. “In our first program of exploration we made a discovery, but we’re an unknown story. It’s my job now to get out and get in front of the investor.”

This story was originally published at www.proactiveinvestors.com on March 8, 2019 and featured in the Public Entrepreneur magazine.

Learn more about Idaho Champions Gold Mine at http://www.idahochamp.com/.

Gary Kaminsky on a Holistic Approach to Compliance for Cannabis Companies | #HashtagFinance

Acreage Holding’s Director of Legal Compliance recently sat down with Barrington Miller to discuss the dynamics of working with regulators and lawmakers in the U.S. Cannabis industry (6:00), Acreage’s M&A ambitions (10:30), and the real impact of the Farm Bill (15:15). Listen until the end to hear Gary’s thoughts on the increasing legitimization of the cannabis industry, outlook for the STATES Act, and the integral role of social equity in the cannabis sector.

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Omar Khan on Navigating the Challenges of Marketing Cannabis | #HashtagFinance

Episode 3 — Hill+Knowlton Strategies’ Omar Khan sits down with Barrington Miller to discuss his perspective on the SNC Lavalin Affair (1:45), the challenges of marketing cannabis products (7:15), and his analysis of the Ontario cannabis lottery (11:45). Listen until the end to hear Omar’s thoughts on what the legal cannabis industry will need to do to bring more users over from the black market!

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Richard Carleton on Ushering the CSE into the Cannabis Era and Ukulele! | #HashtagFinance

Episode 2 — In this wide-ranging discussion with Canadian Securities Exchange CEO Richard Carleton, he shows Grace Pedota his chops on the ukulele, discusses the Exchange’s recent trip to Davos, Switzerland (5:15), and shares how the CSE embraced the cannabis industry (12:15). Listen until the end to hear Richard’s origin story as CSE’s CEO and for summer travelling tips!

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Irving Resources: Steady progress on gold projects in Japan serving investors in this explorer well

When the Canadian Securities Exchange featured Irving Resources (CSE:IRV) in its quarterly magazine two years ago, the company had assembled a portfolio of attractive projects in Japan and done some early groundwork.

At the time, President and Chief Executive Officer Akiko Levinson and director (and chief geologist on Irving’s projects) Quinton Hennigh spoke of a commitment to exploring methodically and at a measured pace. It was as if they knew they had something special. No need to rush.

Fast-forward to the first quarter of 2019 and their thesis is proving right. With samples up to 480 grams per ton gold and 9,660 grams per ton silver, permits in hand and targets ready for drill-testing, progress to date shows that not only are there excellent projects in Japan, but that exploration can indeed be conducted in an efficient manner.

The market clearly agrees, having boosted Irving’s share price in the past two years by over 100%. This increase in valuation is even more impressive given that many precious metals exploration companies have seen their share prices implode during that period.

Public Entrepreneur spoke with Levinson and Hennigh in February 2019 to get the latest on achievements to date and what investors can look forward to over the balance of the year.

Why did you choose Japan as the focus for Irving’s exploration work? What initially attracted you and why is Japan a good place to explore?

AL: The idea of exploring in Japan began making sense when Quinton and I went there in 2012 and visited the Hishikari mine, which is one of the richest gold mines in the world.  Quinton said, “Look, there can’t be just one of these.” So, we started looking for a way of exploring in the country ourselves. That opportunity came in 2015.

QH: Japan has not had any exploration conducted for perhaps 30 years.  The last major discovery was the Hishikari mine Akiko just mentioned.

Japan has been perceived as a country that is difficult to explore in, but when we looked into it we found the situation to be the opposite.  Japan is actually quite straightforward to explore in, and now here we are, looking for the country’s next high-grade gold deposit.

Talk to us about the regulatory environment. What is the permitting process like? How does it differ from that in countries such as Canada or the US?

QH: I would say that the regulatory framework is actually not all that different from in Canada, the US or Australia.  It is fairly predictable in terms of the expectations placed on companies. It is straightforward to get permits and so forth.

I think the biggest challenge was that some of the people overseeing the permitting process had not really encountered much in the way of mineral exploration for many years, so there was somewhat of a learning curve as they worked on our permits because they simply were not familiar with some of the processes involved. But I think we are past that now and the whole structure is working quite well.

AL: When we started this three years ago, this was new to everybody – to METI (Ministry of Economy, Trade and Industry), to Irving, and to the people who help move us through the permitting process.

But Quinton says all the time that there really are no surprises.  It is very predictable if you go through the process and if you do it diligently.  I think that because of Irving and others who are trying to do similar work in Japan, the regulatory system has a better understanding of this process. It is becoming faster.

Japan is a highly seismic area – explain how this influences the types of deposits found in the country and how it influences your exploration strategy.

QH: The seismic activity is related to the fact that Japan sits on the Ring of Fire. It is part of the Circum-Pacific Belt associated with volcanism and earthquakes as the plates collide.  You have the Oceanic Plate under the Pacific Ocean, and the Continental Plates. In this case you have the Eurasian Plate. As those two converge, you generate quite a bit of magma down deep that then rises to the surface and can produce volcanoes – there are numerous volcanoes up and down the Japanese archipelago. That volcanism is actually what leads to the formation of a lot of these gold deposits. The heat associated with the process is very near surface and heats the groundwaters. Those waters carry minerals, including gold, and redeposit them as they come to surface and emerge as hot springs.

Japan is well endowed with this environment – there are hot springs from one end to the other. This has been the case for many millions of years. So, Japan has seen a long history of hot spring formation, and we are looking for paleo hot springs – basically old hot springs that would have carried gold up to surface.

As a result, deposits in Japan are relatively shallow. Usually when you find an old hot spring, at surface what you see is a terrace of silica, a silica sinter. It is kind of a flat body of silica deposited by the hot springs. From the feeder below, cracks in the ground fed the hot spring water through, and that’s where the gold forms. These deposits are present within a couple of hundred meters of the surface.

We’re interested to know about your top projects and why you chose them as the focus of your exploration.

QH: The Omu Project is in northern Hokkaido.  Omu is centered on a volcanic system that was active about 12 million years ago.  We have a history on the property of not only volcanism but extensive hot springs.  There are at least three major centers where hot spring waters have surfaced. One of them is at the Omui mine, which is an historic mine that produced maybe a ton of gold in the 1920s.  It was very high grade and has seen little, if any, exploration since.

The second area we are focused on is the Omu sinter.  This is a new discovery that we made a few kilometers due north of the Omui mine. The system is intact, basically preserved in its entirety. The silica sinter is on top and we believe there is potential to find high-grade veins underneath like we see at the Omui mine. It has never been drilled or tested and is thus a brand new exploration target.

The third area is in the western part of the Omu property.  It is called Hokuryu. Like Omui, it is an historic mine and produced a few tons of gold. It was shut down during the Second World War, well before its resources were mined out. We are a little deeper into the system, as the sinter has weathered away – we are down into the vein system beneath it. There are pieces of vein at surface with an average grade of 50 grams per ton gold and 500 grams per ton silver. It is a very rich and promising new target.

I love the story you told once about finding a project after noticing interesting rocks in a local garden. Can you each share with us a favorite story about your exploration work in Japan?

AL: Those rocks were actually being used at a kindergarten in an ornamental fence.  Our team went to the school and asked where they’d found them. They guided us to the location and that is how we located the sinter.  The town wanted to get rid of the rocks because they planned to build something else. They put up a poster saying, “Anyone who wants these, please take them.”  We said, ”Yes, we’ll take them!” And now some of them are in our office. They were just going to throw them away.

QH: I usually judge geologists by comparing what they talk about to what you see in the field.  In other words, if they say, “This is the biggest thing since Ben Hur,” and then you get into the field and it’s disappointing, you know they embellish.  Then there are geologists who are low key. They’ll say, “Oh, there is something kind of interesting,” but then you get out in the field and it’s the biggest thing ever.

One of our advisors is a gentleman by the name of Hidetoshi Takaoka.  Two years ago, we went to Sado Island to visit a historic mine. The mine has a tourist shop in front with a box of rocks you can buy as souvenirs.  I picked one up and Mr. Takaoka said, “We can find one better than that. There is a creek near the mine and pieces of ore have washed down the hill over the years.”  We crawled down this steep valley just in front of the mine, and after about five minutes at the creek, Mr. Takaoka reaches down and picks a rock out. We crack it open and it is literally full of gold.  I knew then that he tends to understate things. It is one of the nicest specimens of epithermal vein I have ever seen.

You have tremendous partners in Japan. Tell us about them and how they have contributed to your success.

AL: How Irving started was that Quinton and I worked for a company called Gold Canyon and that merged with another company. What was left in Gold Canyon was a joint venture in Africa with the Japanese government mineral agency called JOGMEC. We worked in Africa with Mitsui Mineral Development Engineering Co. (MINDECO). They are probably the top engineers in Japan for mining and exploration. We had already worked together for about 10 years, and when Quinton and I asked MINDECO engineers if they could help us if we did work in Japan, they said they’d assist in any way they could. It has been amazing to have a built-in team from the beginning that is likely the best in Japan.

And previously Quinton mentioned Hidetoshi Takaoka. He is the one who recommended we look into the Omu project. He was chief geologist for Sumitomo Metal Mining and found the Pogo mine in Alaska for Sumitomo.

If Irving puts projects into production, your plan is not to build a mill or facility onsite yourself, but rather to supply smelters, is that correct?

QH: The rock is rich in silica, and silica is needed by smelters as an agent called flux.  Flux is added to copper, zinc or other concentrates and it helps retain heat in the furnace – it acts as an insulator to keep heat in the molten material.  It also extracts some of the nastier elements – it takes out iron and other things. So, silica is very important to the smelting process.

In Japan, they use perhaps a couple of million tons per year. Traditionally, Japanese gold mines have supplied the sinter for smelters, but as gold mines have diminished in Japan, this has become less and less so.

When the ore is added to the furnace as flux, gold and silver come straight out into the copper matte, and they recover them through further refining in the smelter – they are a byproduct of the smelting process.

We thus saw a huge opportunity.  If we find a high-grade deposit we feel it is easy for us to integrate into the smelter flux market in Japan. It saves us from building a mill, which is capital intensive and requires more permitting.

AL: When Omui was in production they shipped ore to the Kosaka smelter back in the 1920s.  Kosaka remains a large smelter today in full operation. When we spoke to them two years ago, they said that if we were to make a discovery they would welcome our supply.

You have a busy 2019 planned – tell us about the first half of the year and how it sets up the activity in the second half.

QH: For this year, we are working on getting our drill program lined up in Omu. We brought a drill rig from Canada and a drilling company we worked with in the past is seeking visas for some of its drillers.  Once we get those, we can start drilling, I suspect some time in March. The drill program should last most of the year, say from March to October. We will probably test the Omu sinter first and the Omui mine second.

We are also going to conduct trenching and bulk sampling at the Omui mine site. We plan to open up some of the veins with excavators and not only study the geology but extract a bulk sample, say up to 1,500 tons.  The plan is to ship the material to the Kushikino mine and smelting complex in Kyushu. They are prepared to handle our material and we are planning on selling it to them directly.

Other than that, our focus will be earlier-stage exploration on Hokuryu, which is on the Omu property, and we are also going to undertake greenfield prospecting and mapping on our other projects in Hokkaido.

Is there anything we have missed?

QH: We are one of a handful of exploration companies that have waded into Japan recently, but I would put us at the head of the pack because we have very good relations with the entire Japanese mining community – government, the mining companies, regulators, the towns.  We built this company purely to operate in Japan. We have a good Japanese team. I think we are in the best position to make a discovery in Japan.

This story was originally published at www.proactiveinvestors.com on March 3, 2019 and featured in the Public Entrepreneur magazine.

Learn more about Irving Resources at https://www.irvresources.com/.