TORONTO, ON / ACCESSWIRE / August 25, 2020 / Galway Metals Inc. (TSXV:GWM) (the "Company" or "Galway") is pleased to report that it has optioned 5 claim groups consisting of a total of 79 claim units at the Clarence Stream Gold Project in SW New Brunswick (Figure 1, Figure 2, Figure 3). Highlights include:

Mineralization at Oak Bay and Lily Hill consists of arsenopyrite-rich quartz veining in altered, silicified gabbro dykes in contact with sediments – a similar setting to the South Zone that currently hosts most of the resource.
Oak Bay: Hole OB05-07 intersected 5.2 grams per tonne (g/t) Au over 2.5 metres (m), including 11.8 g/t Au over 0.5m, and 8.2 g/t Au over 0.5m, not followed up since, and starting at a vertical depth of 13m; a Gabbro dyke is entirely mineralized.
Oak Bay: Hole OB08-005 intersected 0.6 g/t Au over 4.0m, including 1.7 g/t Au over 1.0m, not followed up since, and starting at a vertical depth of 98m; a felsic intrusive dyke is entirely mineralized.
Oak Bay: A 2km north-south horizontal length of drill holes with mineralized gabbro along a magnetic high continues north 5.0km to the Tower Hill showing that assayed as high as 89.1 g/t along a gabbro contact
Lily Hill: Hole LH07-01 intersected 3.7 g/t Au over 3.0m, not followed up since, and starting at a vertical depth of 16.5m; a 23.6m Gabbro dyke is entirely mineralized with the zone in a contact breccia
Lily Hill: Hole LH07-02 intersected 0.6 g/t Au over 9.0m, not followed up since, and starting at a vertical depth of 31.2m; a 27m Gabbro dyke is entirely mineralized (e.g. the 0.6 g/t Au over 9.0m is preceded by 0.26 g/t Au over 6.0m)
Wilson Hill: key claim group on strike with the North Zone resource, with continuous strong soil anomalies going north from the resource – includes the highest arsenic till + soil anomalies anywhere on Galway's 65km property; gold in those soils/tills couldn't be sourced from the North Zone resource to the SE

"Galway is very pleased with this transaction. Two claim groups, Oak Bay and Lily Hill, contain intersections such as 5.2 g/t Au over 2.5m and 3.7 g/t Au over 3.0m that are 19 km west of the current resource at the South Zone, and the geology in these new claim groups are mirror images in all respects to the South Zone. Another claim group at Wilson Hill contains a felsic intrusive similar to the one that controls Galway's deposits along the 3.7km trend that hosts the George Murphy, Richard and Jubilee Zones, as well as the two new recently-reported discoveries. This claim group has strong soil trends on strike with the North Zone that is a no-brainer for potential. With over $20 million in cash, Galway is fully funded through the end of 2021 to complete its 75,000-metre drill program at Clarence Stream. Galway believes Clarence Stream is an important new gold district in North America," cites Robert Hinchcliffe, President and CEO of Galway Metals.

Other notable intersections at Oak Bay include 1.9 g/t Au over 5.5m in hole OB05-03, 1.1 g/t Au over 2.25 m in hole OB05-06, and 0.4 g/t Au over 4.0 m in hole OB08-001. Hole OB08-002 intersected 5 intervals >0.3 g/t in a gabbro that is mineralized throughout that returned 103 ppb for the 36m of the 52.55m that was sampled. A total of 2 holes have been drilled at Lily Hill (in 2008-160m), 11 holes have been drilled at Oak Bay (in 2008-1,711m), and 7 holes have been drilled at Oak Bay (in 2004/2005-487m). Galway plans on initially doing follow-up drilling to the promising previously-drilled intersects.

The Oak Bay claims are host to widespread boulders with grades up to 17.9 g/t Au, while Lily Hill has boulders to 18.5 g/t Au. Strong linear gold soil anomalies at Oak Bay are present grading up to 882 ppb Au, which is in the top 10 of the approximately 50,000 soil samples taken at Clarence Stream, while Lily Hill has values to 190 ppb Au. Cordierite alteration is present in the sediments that consist of siltstones and slate. The Sawyer Brook Fault is located close to the drilling at Oak Bay and Lily Hill.

Deal Terms

Terms of the deal are for Galway to pay the vendor an aggregate of $500,000, divided in seven (7) equal installments of $71,428.57. The first payment will be made upon the approval of the TSX Venture Exchange ("TSXV"), and each subsequent payment will occur on or before the anniversary of this agreement for the following six years. The first payment shall, and at the sole election of the Company, each subsequent payment may be paid either in cash, or 80% in cash and 20% in Galway shares. As such, each payment will be comprised of $57,142.86 in cash and $14,285.71 worth of Galway shares, with the Galway shares valued at a deemed price equal to the higher of: (A) the closing price of the Galway shares on the TSXV on the day that is two (2) business days prior to the date of the respective share issuance, and (B) the lowest price of Galway shares that shall be acceptable to the TSXV. The Galway shares will be subject to the statutory hold periods of four months and one day. For the first share issuance and upon receipt of TSXV approval, a total of 9,524 Galway shares will be issued at a deemed value of $1.50 per Galway share for an aggregate deemed value of $14,285.71.

Table 1. Assay Results

Hole ID

 
From
(m)
 
 
To
(m)
 
 
Intercept
(m)Intercept
(m) TW
 
 
Au
g/t
 

 
GMZ NORTH TREND
 

OB05-07

 
 
18.70
 
 
 
21.20
 
 
 
2.50
 
 
 
5.2
 

incl.

 
 
20.20
 
 
 
20.70
 
 
 
0.50
 
 
 
11.8
 

incl.

 
 
20.70
 
 
 
21.20
 
 
 
0.50
 
 
 
8.2
 

OB05-03

 
 
71.00
 
 
 
76.50
 
 
 
5.50
 
 
 
1.9
 

incl.

 
 
73.00
 
 
 
73.50
 
 
 
0.50
 
 
 
8.1
 

OB05-06

 
 
6.60
 
 
 
8.85
 
 
 
2.25
 
 
 
1.1
 

LH07-01

 
 
23.50
 
 
 
26.50
 
 
 
3.00
 
 
 
3.7
 

 
 
6.50
 
 
 
23.50
 
 
 
17.00
 
 
 
0.15
*

LH07-02

 
 
30.40
 
 
 
36.40
 
 
 
6.00
 
 
 
0.26
*

 
 
36.40
 
 
 
45.40
 
 
 
9.00
 
 
 
0.6
 

 
 
45.40
 
 
 
48.95
 
 
 
3.55
 
 
 
0.21
*

OB08-005

 
 
140.20
 
 
 
144.20
 
 
 
4.00
 
 
 
0.6
 

incl.

 
 
140.20
 
 
 
141.20
 
 
 
1.00
 
 
 
1.7
 

OB08-002

 
 
42.00
 
 
 
43.00
 
 
 
1.00
 
 
 
0.5
 

 
 
53.55
 
 
 
54.55
 
 
 
1.00
 
 
 
0.3
 

 
 
63.55
 
 
 
64.55
 
 
 
1.00
 
 
 
0.3
 

 
 
66.55
 
 
 
67.55
 
 
 
1.00
 
 
 
0.3
 

 
 
18.00
 
 
 
70.55
 
 
 
52.55
 
 
 
0.07
*

OB08-001

 
 
12.50
 
 
 
16.50
 
 
 
4.00
 
 
 
0.4
*

True widths are unknown if not noted. *0.42 g/t Au was used for the bottom cut-off, except where noted.

Geology and Mineralization

The recent discovery of the Richard Zone in hole 12 contains elevated levels of bismuth, arsenopyrite, and antimony, in multiple quartz veins, with tungsten in the vicinity. This is similar to other Clarence Stream deposits, which can be characterized as intrusion-related quartz-vein hosted gold deposits. Richard Zone contains multiple zones of quartz veining with sulfides and sericite alteration. In general, mineralization at Clarence Stream consists of 10-70% quartz stockworks and veins with 1-5% fine pyrite plus pyrrhotite plus arsenopyrite plus stibnite in sericite altered sediments. The Jubilee mineralization consists of 2%-5% disseminated pyrite, sphalerite, galena, arsenopyrite, chalcopyrite, and pyrrhotite in sediments with white to smoky grey quartz veining. Locally there is up to 10% sphalerite and semi-massive galena veinlets. The 2.5 km trend that hosts the GMZ, Richard and Jubilee Zones contains a mineralized mafic intrusive locally – similar to the South Zone, which currently hosts most of the property's last reported gold resources (September 2017). A more complete description of Clarence Stream's geology and mineralization can be found at www.galwaymetalsinc.com.

Review by Qualified Person, Quality Control and Reports

Michael Sutton, P.Geo., Director and VP of Exploration for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, 41 Bittern Street, Ancaster, Ontario, Canada, who have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

Table 2: Drill Hole Coordinates

Hole ID

 
Azimuth
 
 
Dip
 
 
Northing
 
 
Easting
 
 
Total Depth (m)
 

OB-08-001

 
 
90
 
 
 
-45
 
 
 
5013974
 
 
 
641437.4
 
 
 
101
 

OB-08-002

 
 
270
 
 
 
-45
 
 
 
5013820
 
 
 
641366.1
 
 
 
101
 

OB-08-003

 
 
270
 
 
 
-45
 
 
 
5013816
 
 
 
641506.8
 
 
 
125.15
 

OB-08-004

 
 
270
 
 
 
-45
 
 
 
5012979
 
 
 
641370.5
 
 
 
149
 

OB-08-005

 
 
90
 
 
 
-45
 
 
 
5013005
 
 
 
641612
 
 
 
245
 

LH07-01

 
 
345
 
 
 
-45
 
 
 
5010878
 
 
 
642895.7
 
 
 
53
 

LH07-02

 
 
342
 
 
 
-60
 
 
 
5010849
 
 
 
642881
 
 
 
107
 

OB05-03

 
 
275
 
 
 
-45
 
 
 
50121080
 
 
 
641248
 
 
 
99
 

OB05-06

 
 
90
 
 
 
-45
 
 
 
50122047
 
 
 
641196
 
 
 
33
 

OB05-07

 
 
90
 
 
 
-45
 
 
 
50122100
 
 
 
641190
 
 
 
28
 

For results of all holes that Galway has drilled at Clarence Stream, go to Galway's website at www.galwaymetalsinc.com.

Figure 1: Gold in Glacial Till and Soil at Clarence Stream

Figure 2: Tower Hill, Oak Bay and Lily Hill Plan Map

Figure 3: Oak Bay and Lily Hill Plan Map

About the Company

Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.

Should you have any questions and for further information, please contact (toll free):

Galway Metals Inc.
Robert Hinchcliffe
President & Chief Executive Officer
1-800-771-0680
www.galwaymetalsinc.com

CAUTIONARY STATEMENT: 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 of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements made herein with respect to, among other things, the Company's objectives, goals or future plans, potential corporate and/or property acquisitions, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company's public disclosure documents filed on SEDAR. Although the Company believes that management's assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the Company will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management's expectations, financing will be available to the Company on favourable terms when required, commodity prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the outcome of legal proceedings, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

SOURCE: Galway Metals Inc.

ReleaseID: 603153

Achievement of primary efficacy endpoint in 3-arm SUI feasibility study demonstrates significant separation between CMRF treatment arm and inert sham arm

Positive in-vivo preclinical study validates new inert sham tip for use in upcoming pivotal PURSUIT Trial in U.S.

ENGLEWOOD, CO / ACCESSWIRE / August 25, 2020 / Viveve Medical, Inc. (NASDAQ:VIVE), a medical technology company focused on women's intimate health, today announced positive primary efficacy data from its three-arm, five-month Stress Urinary Incontinence (SUI) feasibility study to compare Viveve's Cryogen-cooled Monopolar Radiofrequency (CMRF) treatment and a cryogen-only sham treatment to an inert sham treatment for mild to moderate SUI in women. Additionally, the Company reported positive outcomes from an in-vivo preclinical study that was conducted to validate its new inert sham tip for use in the upcoming pivotal PURSUIT Trial in the U.S.

"We are extraordinarily pleased to report positive results from our 3-arm SUI feasibility study, as well as our in-vivo preclinical study. We believe the combined results from both of these studies support our thesis that the cryogen-cooling treatment tip, used as a sham treatment in our prior LIBERATE-International SUI trial, was likely producing a positive therapeutic effect. The fact that we now have a true inert sham treatment tip provides us more confidence that our upcoming pivotal PURSUIT Trial can achieve its primary efficacy endpoint and position Viveve for a potential SUI indication in the United States," said Scott Durbin, Viveve's chief executive officer.

SUI Feasibility Study and Topline Results
The 3-arm SUI feasibility study was a prospective, randomized and blinded clinical trial comparing the use of Viveve's CMRF treatment and a cryogen-only sham to an inert sham treatment in women with mild to moderate SUI. Three clinical trial sites in Canada enrolled a total of 36 patients on a 1:1:1 ratio to each of the three study arms. The primary efficacy endpoint, change from baseline in the standardized 1-hour Pad Weight Test at five months post treatment, was positively achieved.

STUDY ARM

Median Change from Baseline

1-Hour Pad Weight Test

CMRF ACTIVE (n=13)

-9.5g (ml)

CRYO ONLY SHAM (n=12)

-6.8g (ml)

INERT SHAM (n=11)

-4.4g (ml)

The median change from baseline in the active CMRF treatment group and the cryogen-only sham treatment group was -9.5 grams and -6.8 grams respectively, as compared to -4.4 grams in the inert sham treatment group. The study also assessed several secondary endpoints but showed no differentiation between groups. No device-related safety issues were reported.

In-vivo Preclinical Study and Results
In response to the inconclusive results from the company's LIBERATE International SUI trial, reported in July of 2019, Viveve conducted an in-vivo preclinical temperature and immunohistochemistry study to evaluate a new inert sham treatment tip. The Good Laboratory Practices (GLP) study was initiated in June of this year following several months of engineering, validation, and development work. The study assessed both in-vivo tissue temperature changes during treatment, and histopathology at 30-days post-treatment compared to baseline, in three parous ewes using Viveve's CMRF treatment tip (Active), cryogen-cooling only tip ("Old" sham treatment used in previous SUI study), and a new inert sham treatment tip. Histopathology of vaginal biopsies were performed and included use of a-smooth muscle actin (a-SMA) staining for fibroblast activation and formation. All tissue samples were evaluated by an independent and blinded pathologist.

The positive preclinical findings demonstrated both temperature and immunohistochemistry results that support the validity of the new inert sham tip to provide a true inert or placebo treatment. Only minor tissue temperature change (less than 2 degrees centigrade) was generated by the new inert sham tip and no fibroblast activation was shown through elevated a-SMA staining. In contrast, both the Active and cryogen-cooling sham tips demonstrated significant tissue temperature changes during treatment and increased fibroblast activation 30 days post-treatment.

U.S. PURSUIT Trial
As reported in July 2020, Viveve received U.S. Food and Drug Administration (FDA) approval of its Investigational Exemption Device (IDE) to conduct the pivotal PURSUIT SUI trial. The current FDA approved IDE trial is designed to be a randomized, double-blinded, sham-controlled 12-month trial with enrollment of approximately 240 subjects at up to 24 study sites in the U.S. Subjects will be randomized in a 2:1 ratio to CMRF treatment or to the new sham treatment.

The primary endpoint of the PURSUIT Trial is a comparison of the proportion of patients who experience a greater than 50% reduction in the standardized 1-hour Pad Weight Test at 12 months post treatment versus the new sham. The study also includes several secondary endpoints, including: proportion of patients who experience a greater than 50% reduction in the standardized 1-hour Pad Weight Test at 6 months post treatment, change from baseline in the 1-hour Pad Weight Test at 6 and 12 months, and change from baseline in 3-day bladder voiding diary, Urogenital Distress Inventory-6 (UDI-6), Incontinence Quality of Life (I-QOL), and International Consultation on Incontinence Modular Questionnaire-Urinary Incontinence Short Form (ICIQ-UI-SF). Subject safety will be monitored throughout the study.

About Viveve
Viveve Medical, Inc. is a medical technology company focused on women's intimate health. Viveve is committed to advancing new solutions to improve women's overall well-being and quality of life. The internationally patented Viveve® System incorporates CMRF technology to uniformly deliver volumetric heating while gently cooling surface tissue to generate neocollagenesis in a single in-office session. In the United States, the Viveve System is cleared by the Food and Drug Administration (FDA) for use in general surgical procedures for electrocoagulation and hemostasis. International regulatory approvals and clearances have been received for vaginal laxity and/or improvement in sexual function indications in more than 50 countries.

Viveve continues to advance its clinical development program in SUI. The positive topline results reported from the 3-arm feasibility study and the preclinical study outcomes are intended to support the initiation of the pivotal PURSUIT Trial and strengthen its potential to achieve its primary efficacy endpoint. As announced on July 7, 2020, Viveve received FDA approval of its Investigational Device Exemption application to conduct the multicenter, randomized, double-blinded, sham-controlled PURSUIT Trial for improvement of SUI in women.

For more information visit Viveve's website at www.viveve.com.

Safe Harbor Statement
All statements in this press release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While management has based any forward-looking statements included in this press release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to materially differ from such statements. Such risks, uncertainties and other factors include, but are not limited to, the fluctuation of global economic conditions, the impact of the novel coronavirus termed COVID-19 on our clinical development and regulatory review and clearances and on the manufacturing, placements and patient utilization of our Viveve Systems, the performance of management and our employees, the outcome of our assessment of strategic alternatives, our ability to obtain financing, our evaluation of strategic alternatives, our ability to obtain approval or clearance for sale of our medical device for all indications sought, competition, general economic conditions and other factors that are detailed in our periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware, unless required by law.

Viveve is a registered trademark of Viveve, Inc.

Investor Relations contacts:
Amato and Partners, LLC
Investor Relations Counsel
admin@amatoandpartners.com

Media Contact:
Bill Berry
Berry & Company Public Relations
(212) 253-8881
bberry@berrypr.com

SOURCE: Viveve Medical, Inc.

ReleaseID: 603161

VANCOUVER, BC / ACCESSWIRE / August 25, 2020 / Doubleview Gold Corp. ("Doubleview") (TSXV:DBG)(OTC PINK:DBLVF)(FRANKFURT:1D4) is pleased to announce it has closed its second tranche of its previously announced non-brokered flow-through and non-flow-through private placement for aggregate gross proceeds of $ 2,307,199.10.

Under the second tranche, Doubleview has issued a total of 534,000 flow-through units (the "FT Units") at a price of $0.33 per flow-through unit for total gross proceeds of $176,220. Each FT Unit consists of one common share issued as a flow-through common share and one half of one non-transferable share purchase warrant (a "Warrant"), with each whole Warrant exercisable at $0.40 per share for a period of two years from the date of issue.

The Company also issued 4,804,364 units (the "Units") at a price of $0.22 per Unit for total proceeds of $1,056,960.10 in the second tranche. Each Unit consists of one common share and one non-transferable share purchase warrant (a "Warrant"), with each Warrant exercisable at $0.40 per share for a period of two years from the date of issue.

In connection with the closing of the second tranche, the Company will pay cash commissions of $80,938 and issue 325,180 finder's warrants pursuant to and in accordance with applicable securities laws and Exchange policy. The finder's warrants have the same terms as the Warrants.

The proceeds of the financing will be used for exploration work on the Hat Project and general administration.

The Offering is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.

The Company is continuing to raise funds under this Financing.

About Doubleview Gold Corp

Doubleview Gold Corp, a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange [TSX-V: DBG], [OTC: DBLVF], and Germany [GER: 1D4]. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. Doubleview's portfolio of strategic properties provides diversification and mitigates investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp
Vancouver, BC Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

To keep up with the current info on Doubleview, be sure to join our Telegram chat room: https://t.me/CasaDoubleview

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.

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.

SOURCE: Doubleview Gold Corp.

ReleaseID: 603195

LONDON, UNITED KINGDOM / ACCESSWIRE / August 25, 2020 / NQ Minerals Plc (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) ("NQ" or the "Company") announces that it plans to break a 10-year hiatus in exploration work at its highly prospective Hellyer Project, located in the Mt Read Volcanic Belt; a geological terrain in NW Tasmanian renowned for large scale and high-grade polymetallic (copper-lead-zinc-silver-gold) deposits.

The Hellyer deposit was a large scale, very high-grade lead-zinc mine. Past production under Aberfoyle (1986 – 2000) totalled 16.5 million tonnes at 13.9% zinc, 7.2% lead, 0.4% copper, 167 g/t silver and 2.5 g/t gold and under Bass Metals (2010-2012) totalled 0.5 million tonnes at 7.8% zinc, 4.2% lead, 0.3% copper, 101 g/t silver and 1.7 g/t gold from the Fossey Mine. There has been no exploration work undertaken on the Hellyer Mine Lease since underground mining operations ceased in mid-2012.

NQ is currently producing lead and zinc concentrates (with significant gold and silver credits) by reclaiming the Hellyer Mine tailings generated from the former mining operations and processing through the Hellyer concentrator plant at the rate of over 1.2 million tonnes per annum.

Since acquiring the exclusive rights to the underground resources at Hellyer from Bass Metals Ltd on 7 January 2020, NQ has commenced interrogating a high-quality data set acquired from Bass. It is clear that work essentially ceased ‘mid-stream' in early 2012 and left several significant ‘open' targets' at a time when Bass was at the cusp of gaining a greater understanding of the key ore-deposit indicators. This follows their discovery of the Fossey deposit only 150 metres south of the large-scale Hellyer deposit, but in the footwall zone, below the classic ‘Hellyer ore position', where the majority of exploration was targeted for the previous 30 years.

Ten years later, with the benefit of significantly more advanced exploration tools, specifically more powerful geophysical techniques, NQ has commenced a systematic review of these targets, focused initially on ‘prioirty-1' areas, namely in close proximity to the known deposits and existing mine infrastructure.

NQ Minerals' Executive Chairman, Mr David Lenigas, said;

"There is now significant potential to define new and extensive high-grade mineralisation at Hellyer, one of the world's great polymetallic high-grade mines. We are operating in one of the mostly highly mineralised geological terrains in the world and we have a golden opportunity to continue Bass's work from 2012 to build-up the existing significant underground resource inventory and extend the Hellyer mine life to underpin this operation for a very long time. The tailings reprocessing Phase 1, now running at over 1.2 million tonnes per year, has another 8 years to run with its current lead/zinc strategy and will generate significant cash flow for the Company, but it's a finite resource. Stage 2 of the current operations will focus on recovering the significant gold and silver inventory in the tailings, but metallurgical test work continues with respect to this next phase of tailings reprocessing. To move Hellyer back into underground mining is a logical and natural progression, especially considering we have the Hellyer plant fully operational."

Mineralisation on the Hellyer Mine Lease comprises massive base metal sulphide lenses within the core of a broadly folded volcanic-sedimentary sequence which plunges to the north-northeast. As the mineralisation generally does not outcrop, geophysics has played a vital part in mineral discoveries in the Hellyer region and down-hole electromagnetics (DHEM) is a core technique. NQ has now completed a first pass review of historical DHEM data for 8 surveyed drill holes in the priority-1 area. Remodelling work of the DHEM undertaken by Southern Geoscience, with input from former Hellyer geologists, has highlighted the significant enhancement in modelling software, and has identified four high priority targets/zones (Target 1 to 3B), which warrant follow-up exploration work, as presented in Figure 1, and represent significant potential for further base metals discoveries.

Geophysical Modelling Outcomes

The four high priority target zones to be followed up were identified in areas of known mineralisation and or significant alteration near the prospective ‘ore-forming' stratigraphic horizon adjacent to the Hellyer underground mine envelope.

The modelled targets comprise ‘plates' representing modelled conductive bodies, potentially massive base metal sulphide lenses. Due to constraints imposed by the data from historical surveys, the modelled plates are not well ‘constrained' in terms of 3-D spatial co-ordinates, which is essential for efficient follow up drill testing. A number of potential model scenarios are presented, and spatial/geometry variance is currently high without further modern, high powered DHEM surveying efforts and re-modelling.

The following notes provide a summary overview of the high priority targets modelled:

Target 1 is associated with an extensive zone of alteration which hosts the McKay Prospect discovered in July 2011 – 7 metres at 22.3% Zn, 9.9% Pb, 0.7% Cu, 181 g/t Ag and 3.4 g/t Au. This intercept was in HLD 1030, which is the drill hole utilised for the DHEM which generated the modelled target-plates illustrated in Figure 2, as well as an ‘in-hole' conductor representing the mineralisation intersected. Follow-up drilling at the time around this intercept failed to significantly extend this very high-grade massive base metal sulphide lens but did extend the zone of prospective alteration. The modelled plates, within the extensive alteration zone, highlight the potential for a significant mineralised body associated with this McKay zone mineralisation (Refer Figure 2).
Target 2 is a high priority target located immediately southwest of the Hellyer deposit. The modelled plates based on DHEM survey of HLD975, occur within prospective stratigraphy with anomalous geochemistry and strong alteration – in close proximity to both the Fossey and Hellyer mine development (Refer Figure 3).
Targets 3A and 3B both occur within the historical Switchback Prospect where a large-scale alteration system and several mineralised intercepts were recorded. This area has also yielded highly encouraging trace element and isotope data indicating the presence of volcanogenic massive sulphide (VMS) mineralisation. Due to structural complexities, the original source for high-grade VMS clasts intersected previously such as in HED012 (4.85 metres at 1.6% Zn, 1.2% Pb, 18 g/t Ag and 0.9 g/t Au) has never been found; if preserved this represents an exciting base metal sulphide target.
Targets 4 is a lower priority target zone occurring in the interpreted hanging wall to the main Hellyer ‘ore-position' at depth to the north of the Hellyer deposit.
Target 5 is also a lower priority target to the north of Hellyer – requiring additional interpretive work prior to any further assessment of this deep target zone.

Next Steps

NQ is planning a major program to assess these preliminary modelled targets which is planned to include:

Assessing the condition of each of the DHEM surveyed drill holes and possibly neighbouring holes to be able to re-enter and case with PVC to the required depth. The PVC casing is necessary to protect the DHEM probe which is lowered into the drill hole and costs ~$100,000 to replace if the hole collapses and it cannot be recovered.
As required, clear the drill hole utilising a small drill rig and case with PVC pipe.
Resurvey and clear lines at surface to enable wire loop arrays (several kilometres in length) to be laid out on the ground as part of the new DHEM survey – for each target zone.
Mobilise geophysical contractor to Hellyer to undertake the DHEM surveys.

There have been significant enhancements to DHEM equipment since the last DHEM surveys were run at Hellyer approximately 10 years ago. This creates a new and very exciting opportunity for NQ to leverage off major technical advances to better resolve spatially any potential targets and execute better targeted follow-up drilling if warranted. This includes:

Utilising much higher electrical power/current inputs to penetrate far deeper into the ground to detect any conductive bodies at greater distances from exploration drill holes;
Optimised Electro-Magnetic ("EM") loop arrays to get better 3-D resolution of any conductive units identified – through varied coupling scenarios;
Access to significantly enhanced modelling software to also resolve the position and dimensions of any modelled plates; and
Working in the context of an updated geological target model which extends deeper below the traditional ‘ore-horizon' such as hosts the new Fossey and McKay discoveries.

NQ plans to undertake this work program on site in the Australian Spring, possibly commencing October-November 2020, depending on rig and crew availability.

These technological advantages coupled with the important geological advances achieved by Bass, pre 2012, makes for a compelling exploration opportunity. There are further targets to follow-up, but those targets discussed were selected due to their proximity to existing mining and processing infrastructure leading to rapid development should they be proved up. Insights gained from these first four targets will be applied to other currently lower priority targets.

Competent Person's Statement (NQ Minerals Plc)

The information in this report that relates to the Hellyer project is based on information compiled by Mr. Roger Jackson, an Executive Director of the Company, who is a 25+ year Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves". Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.

-END-

About NQ Minerals

NQ Minerals Plc is listed on London's Aquis Stock Exchange (AQSE) under the ticker NQMI and has it's 1:100 ADR traded on the US OTC QB under ticker NQMIY and its ordinary shares are dual traded on the US OTC QB under the ticker NQMLF.

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ's website at www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman
lenigas@nqminerals.com

Colin Sutherland, Chief Financial Officer
colin.sutherland@nqminerals.com
Tel: +1 416 452 2166 (North America)

Media Enquiries
IFC Advisory Limited
Graham Herring / Tim Metcalfe
graham.herring@investor-focus.co.uk
Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser
First Sentinel Corporate Finance Limited
Brian Stockbridge / Gabrielle Cordeiro
Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker
VSA Capital Limited
Andrew Monk/Maciek Szymanski
+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

SOURCE: NQ Minerals Plc

ReleaseID: 603201

NEW YORK, NY / ACCESSWIRE / August 25, 2020 / International Endeavors Corporation "IEC" (OTC PINK:IDVV) today announced that it has finalized its agreement with Eco Resorts of the World establishing a relationship to build eco-friendly resorts and accommodations located around the globe.

Eco-camps is an established Glamping company with several destinations operating and signed contracts for the opening of new destinations in California, New York, Idaho and internationally in France and other countries.

Revenues from the previous 2 years of Glamping accommodation and hospitality services exceeded $1 million and Eco Resorts has over $250,000 in fixed assets, with long term contracts that guarantee income for at least 5 years in each location.

With the planned opening of new locations and the current high consumer interest for outdoor socially distancing accommodation experiences, the next 12 months revenues are projected to increase significantly.

Additionally Eco-camp's destinations are part of the Eco Resorts of the World community of eco-friendly resorts and accommodations located around the globe. www.ecoresortsoftheworld.com.

This online property is the only place where travelers can research and book only eco-friendly vacations. Eco-camps is the majority investor and shareholder in this business.

Under the transaction completed between Eco-camps and International Endeavors Corporation, IDVV receives 20% of the revenues and profits generated by Eco-camps and Eco Resorts of the World.

It also receives 50% of the income from the Eco-camps Temecula destination, which is built on land owned by International Endeavors Corporation (IDVV.) www.glampingtemecula.com.

Per Eco Camps projections it is anticipated that IDVV's income from Eco-camps consolidated activities will exceed $500,000 in the next twelve months and increase significantly in the following 12 months.

About Eco Resorts

ECO-CAMPS IS THE LEADING PROVIDER OF OFF-THE-GRID ECO-FRIENDLY SOCIAL DISTANCING ACCOMMODATION
We combine glamorous camping under canvas with the comforts and conveniences of a hotel, delivering unforgettable experiences for our guests in incredible locations

ECO-CAMPS offers a selection of unique properties around the world by partnering with owners of unique properties to create one of a kind Glamping destinations where other forms of accommodation can't be built.

For more information visit www.Eco-Camps.com

About International Endeavors Corporation (OTC:IDVV)

International Endeavors Corporation is engaged in locating and acquiring established companies, brands, and technologies in both the hospitality and green energy sector. The company also has a real estate portfolio that includes commercial property, agricultural land, and buildings.

Disclaimer

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. International Endeavors Corporation (IDVV) is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Bill Martin, Vice President
Phone: 1-619-343-3199
Email: billmartin@internationalendeavorscorp.com

SOURCE: International Endeavors Corporation, Inc.

ReleaseID: 603196