Daily Archives: January 30, 2018

Komet Reports 185 and 149.6 g/t Au from Grab Samples within the Guiro Mine

QUEBEC CITY, Jan. 30, 2018 (GLOBE NEWSWIRE) — Komet Resources Inc. (“Komet” or the “Company”) is pleased to announce a gold discovery 4km from the Guiro mine and the development of a new unmined shoot at the mine.

New Gold Zone

Komet geologists’ verification of three 40m deep gold diggers’ shafts, located about 4km northeast of the Guiro mine, revealed a quartz vein with a true width of 1.5m, oriented east-west, with a northward dip of 60 degrees. The vein has the same mineralogical composition and the same host rock limonitic alteration from weathering as the Guiro mine vein.

Sampling was carried out by Komet geologists in sealed bags directly from grab samples brought to surface by the gold diggers. The samples are random samples (3 grabs takes per composite sample). These grab samples are indicative but not representative of the grade of the gold structure.

Table of results of the grab samples:

Samples Description Au g/t
201 806 870 White quartz vein with black minerals bands, bearing limonite, hematite and pyrite 47.0
201 806 871 White quartz vein with black minerals bands, bearing limonite, hematite and pyrite 7.08
201 806 872 White quartz vein with black minerals bands, bearing limonite, hematite and pyrite with rare banded hematite 13.9
201 806 873 White quartz vein with hematitic alteration and disseminated hematite and pyrite 12.4
201 806 874 White quartz vein with hematite stringers with disseminated limonite and pyrite 9.89

New underground zone at the Guiro mine.

During the development in the western sector of the mine (see the October 23, 2017 press release), the Level 3 west gallery intercepted the junction where the 210/80 oriented shear cuts the Guiro vein (270/60).

In this sector the Guiro vein is hardly perceptible due to the shear that displaced the main structure. However, the operators noted the presence of thin centimetric quartz veins with gold mineralization, grading up to 120 g/t over 1.2m obtained from jackleg drill holes.

Table of the best results over 1.2m (true width) from jackleg drill holes:

Samples Au g/t
201 706 564 120.0
201 706 574 10.1
201 706 575 31.8
201 706 581 110.0

In order to better characterize this zone, several grab samples were taken from the roof, the wall and the sludge surrounding these thin chloritized white-pink quartz veins.

Summary of the best results of the grab samples:

Samples Au g/t
201 706 611 72.5
201 706 612 47.0
201 706 614 17.0
201 706 615 22.7
201 706 616 11.7
201 706 617 14.7
201 706 618 149.6
201 706 621 17.6
201 706 646 13.4
201 706 647 82.7
201 706 650 63.1
201 706 651 60.3
201 706 635 12.6
201 706 641 27.7
201 706 642 26.8
Samples Au g/t
201 706 655 26.9
201 706 658 185.0
201 706 661 13.5
201 706 667 10.5
201 706 668 11.6
201 706 669 52.3
201 706 670 12.5
201 706 672 67.4
201 706 677 12.6
201 706 680 50.6
201 706 684 16.5
201 706 687 13.9
201 706 692 16.5
201 706 693 14.5

The chimney to which the current development of level 3 is oriented, theoretically lies 25m farther west and has already been intercepted by the Gu2015dd04, 06, 32 and 35 diamond drill holes who show metric grades reaching 31.1g/t Au (see the September 10, 2015, press release for more details).

Table of the survey intercepting the chimney:

Survey From (m) To (m) g/t Au Span (m) True width (m)
Gu2015dd04 125.33 127.28 5.81 1.95 1.69
Gu2015dd06 80.60 83.40 2.05 2.80 2.42
Gu2015dd32 149.00 149.66 8.73 0.66 0.57
Gu2015dd35 105.45 106.80 31.1 1.35 1.17

This chimney is at least 50m wide at level 3 and continues to level 2 and 4 and should have, between these levels, a 60x50x2m size.

Guiro Mine Exploration

The sinistral offset of the Guiro structure, along the 210-degree shear in the west section of the mine, implies that this type of displacement might be present in the eastern sector, involving the displacement of the Guiro vein to the north and thus opening up new exploration targets northeast of the Guiro mine.

Mr André Gagné, president and CEO declare: “After a discovery south to the Guiro vein (see the may 25, 2017 press release), we now have a new vein to the north which is also similar to the Guiro vein. The exploration activities will hence be intensified in the next few weeks; it appears that the historical exploration data is getting confirmed.”

The grab samples assays reported were obtained by standard 30 grams fire-assaying-AA finish or gravimetric finish at the Company’s mine site laboratory. Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43–101 and industry best practices, including the introduction of standards or blanks with every batch of 3 samples analyzed.

The diamond drill holes samples from 2015 were analyzed by the SGS Lab in Ouagadougou using fire assay followed by atomic absorption spectrometry.

More information about the corporation is available at: http://kometgold.com.

Investors relations and information: André Gagné, President and CEO 581-300-1666 / a.gagne@kometgold.com  / Skype: andregagne11

Jacques Marchand, P.Eng. P.Geo., is the Qualified Person who has reviewed this news release and is responsible for the geological information presented herein.

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains statements that may constitute “forward-looking information” or “forward-looking statements” as set out within the context of security law. This forward-looking information is subject to many risks and uncertainties, some of which are beyond Komet’s control. The actual results or conclusions may differ considerably from those that have been set out, or intimated, in this forward-looking information. There are many factors which may cause such disparity, especially the instability of metal market prices, the results of fluctuations in foreign currency exchange rates or in interest rates, poorly estimated resources, environmental risks (stricter regulations), unforeseen geological situations, unfavorable extraction conditions, political risks brought on by mining in developing countries, regulatory and governmental policy changes (laws and policies), failure to obtain the requisite permits and approvals from government bodies, or any other risk relating to mining and development. There is no guarantee that the circumstances anticipated in this forward-looking information will occur, or if they do occur, how they will benefit Komet. The forward-looking information is based on the estimates and opinions of Komet’s management at the time of the publication of the information and Komet does not assume any obligation to make public updates or modifications to any of the forward-looking statements, whether as a result of new information, future events, or any other cause, except if it is required by securities laws.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ccdd8280-c01e-4a86-a03b-ce1c316c11b1

President Zuma returns from Ethiopia

President Jacob Zuma has today, 30 January 2018, arrived back in South Africa from a successful visit to Addis Ababa, in the Federal Democratic Republic of Ethiopia, where he led the South African Government delegation to the 30th Assembly of Heads of State and Government of the African Union (AU), which met from 28-29 January 2018 under the theme: “Winning the Fight Against Corruption: A Sustainable Path to Africa’s Transformation”.

The Summit took a number of important decisions that demonstrated the readiness of AU member states to fully implement the commitments made in the continental organisation’s flagship programme, Agenda 2063, relating to, amongst other things, the sustenance of peace and security; free movement of people, good and services; and improving political and democratic governance on the continent.

On 29 January 2017, the AU leaders launched the Single African Air Transport Market (SAATM). The SAATM, of which South Africa is a signatory, provides for the full liberalization of market access between African states, free exercise of traffic rights, elimination of restrictions on ownership and full liberalization of frequencies, fares and capacities.

President Zuma said: “It is gratifying that the continent is moving ahead with the implementation of Agenda 2063, and it is vital that we are taking decisions that have a direct impact on the lives of the people of the continent. We are, in a very practical manner, removing barriers to trade, investment and tourism.”

The Summit elected President Paul Kagame of Rwanda as Chair of the AU for the year 2018, taking over from President Alpha Conde of the Republic of Guinea. President Zuma congratulated President Kagame and assured him of South Africa’s readiness to work with him as he steers the AU. South Africa was elected to serve as one of the Vice Chairs of the Bureau of the AU, representing the Southern African region. The other member states of the Bureau are Libya (North Africa), Republic of Congo (Central Africa) and the Republic of Guinea (West Africa).

On the state of peace and security on the continent, the Summit discussed the situations in the Democratic Republic of Congo, Somalia, South Sudan, Libya and Western Sahara. The Summit noted that the continent remains largely peaceful and that the situations in the countries under discussion required more concerted efforts from the AU and its member states geared towards sustainable peace and stability within the framework of Agenda 2063, in particular the goal to “silence the guns by the year 2020”.

The Summit emphasised the need for continuous engagement and cooperation between the AU and the United Nations (UN). In this regard, the Summit re-appointed President Zuma to continue his role of championing this initiative. President Zuma met the Secretary General of the UN, Mr Antonio Guterres, on the margins of the Summit. The two leaders re-committed themselves to fostering closer cooperation between the AU and the UN.

President Zuma said he was pleased to see the AU embracing the decision by South Africa to mark the centenary of South Africa’s first post-apartheid President, Tata Nelson Mandela. “We were pleased to see the warmth with which our fellow Africans received the message about commemorating Madiba’s centenary. This once again shows that Africa is ready to preserve Madiba’s legacy of pan-African solidarity as well as peace and reconciliation.”

Source: The Presidency Republic of South Africa

MOZAMBIQUE SIGNS UP TO SINGLE AFRICAN AVIATION MARKET

ADDIS ABABA, The Mozambican government sees the Single African Aviation Market, launched on Sunday by the African Union (AU) at the 30 African Union Summit of Heads of State and Government in Addis Ababa as a window of opportunity, says Deputy Transport Minister Manuela Rebelo.

Rebelo, who is in the Mozambican delegation to the nsummit led by President Filipe Nyusi, told the media here Monday that libealization of the intra-African aviation market should be seen as an attempt to better serve the users of air transport.

It’s not a question of competition. We all win,” she claimed.

The intention of the libralization move, which takes immediate effect, is to boost connectivity, reduce fares and stimulate economic growth. AU officials hope the liberalized African aviation market will eventually replicate the European Common Aviation Area, which allows airlines from European Union member states to fly between any member state.

A 2015 study commissioned by the African Civil Aviation Commission and the International Air Transport Association (IATA) estimated that full liberalization of the sector among 12 of the biggest African economies on the continent would add 1.3 billion US dollars to their economic output, and generate 155,000 new jobs and fare decreases of up to 35 per cent.

Liberalization of civil aviation has long been preached but not much practised. The Yamassoukro Declaration of 1988 saw 44 African states agree to start liberalization, but few took any serious measures in that direction.

The new Single Aviation Market got off to a good start, with 23 AU members, including Mozambique, signing up immediately. The signatories include the homes of the three largest airlines on the continent — Ethiopia, Kenya and South Africa.

For smaller airlines such as Mozambique Airlines (LAM), the challenges are immense, since LAM’s relatively small fleet of planes makes it difficult to increase the number of destinations it can offer.

Rebelo dismissed the fear that in a liberalized market, large airlines will swallow up smaller ones, but she admitted the need for airlines to work together since in air transport it’s not possible to survive on your own.

There must be coalitions, there must be partnerships, there must be synergies so that we can reach other markets,” she stressed.

Source: NAM NEWS NETWORK

‘Black Panther’ Stars on Importance of African Culture in Marvel Film

LOS ANGELES The stars of Black Panther dressed in their finest African-inspired royal attire and spoke about the importance of representing a black superhero story on screen at the premiere of the new film from Walt Disney’s Marvel Entertainment.

Chadwick Boseman, who plays T’Challa, the titular hero and king of fictional African nation Wakanda, led his co-stars including Lupita Nyong’o, Daniel Kaluuya, Michael B. Jordan, Danai Gurira and Angela Bassett, on the purple carpet on Monday.

Something like Marvel has a way of really affecting popular culture, and to have that popular culture informed with things that are of African origin and people knowing they are of African origin … is powerful, Nyong’o, who plays warrior Nakia, told Reuters.

Hopefully it changes the general idea of what being an African is. Too often times we see Africa as a place that is wanting and here it’s a place that you want to go, she said.

The Oscar-winning actress matched the purple carpet in an amethyst-hued Versace gown with gold-detailed shoulders and belt. Gurira wore a bright pink Viktor & Rolf dress with a dramatic shoulder ruffle, and Bassett opted for a golden yellow Naeem Khan fringe jumpsuit.

The men also served up colorful looks. Boseman rocked a gilded print Emporio Armani suit, actor Donald Glover opted for a tangerine Dolce & Gabbana suit, and the film’s director, Ryan Coogler, added a printed scarf to his black Ikire Jones suit, a Philadelphia label that draws from West African influences.

Black Panther, out in theaters on Feb. 16, earned rave early reactions from attendees at the premiere, including Guardians of the Galaxy director James Gunn, who praised the film as an extraordinary work.

It’s just filled with so much talent, so much beauty, the aesthetic of it is so pleasing and so black and Afro-centric and African and modern and worldly and futuristic. You know, it’s got a lot of swag. This movie is on fire, said Bassett, who plays T’Challa’s mother.

Source: Voice of America