WHITEFISH, MT / ACCESSWIRE / March 31, 2015 / Novus Acquisition & Development Corp. (PINKSHEETS:NDEV) officially launched its Novus MedPlan in partnership with Proteus420 after months of anticipation from both patients and providers. With the alternative healthcare industry expected to surpass $12 billion in size, according to IBISWorld, the launch represents a key step forward in the complementary and alternative medicine (“CAM”) industry, which includes medical marijuana, alternative medicine, and holistic healing.

The Novus MedPlan represents a revolutionary approach to reducing healthcare costs within the CAM industry. For just $19.95 per month, patients enrolled in the program receive a 20% to 50% discount on doctors’ consultations, alternative medication, and medical marijuana in approved U.S. states. Service providers also benefit by reaching a wider patient population with their goods and services.

Recently, CannabisFN’s Mike Elliott sat down with Proteus420 Co-Owner Dawne Morris to discuss the launch of Novus MedPlan and its future:

https://vimeo.com/123019197

CannabisFN Executive Interview | Novus Development Corp. (OTC: NDEV) / Dawne Morris, Co-Founder of Proteus420 from TDM Financial on Vimeo.

Connecting Patients and Providers

The Novus MedPlan portal provides patients with a lot more than simple discounts on their CAM products and services. With a searchable database of products and services across all participating providers, patients can quickly access detailed information about products like specific medical marijuana strains or services like naturopathic consultations to find solutions that best fit their needs.

Built atop the Proteus420 platform, the Novus MedPlan can be seamless integrated with existing medical marijuana dispensary software and other solutions used by the CAM industry as a whole. These companies also gain access to the entire database of enrolled Novus MedPlan patients, which represents a sizable and growing market for providers to sell their products and services.

For example, the company entered into an exclusive provider agreement with Nana’s Secret of Washington State during the middle of last year. Under the agreement, Novus MedPlan patients receive an exclusive 30% discount on the firm’s full product line, which includes cannabis-infused soft drinks. The deal represents a win-win for both Nana’s Secret (increased sales) and enrollees in the plan (savings).

In many ways, the approach combines the business model of consumer-focused startups like WeedMaps.com and Leafly.com with dispensary-level software solutions provided by companies like American Green Inc. (OTC: ERBB) or MedBox Inc. (OTC Pink: MDBX). These dynamics make it a compelling play on both the consumer and provider end of the spectrum.

Constantly Expanding into New States

Novus Acquisition & Development has already established a presence in Vermont, Arizona, Colorado, Michigan, Alaska, and Hawaii, with plans to expand into Nevada and potentially other highly populated states. Alongside its expansion into new states, the company has signed a number of agreements with leading medical marijuana dispensaries and partners that should help drive patient enrollment.

In order to further grow this footprint, management signed an insurance sales agency contract with Senior Healthcare Benefits Group (“SHBG”) in February. The company will market Novus MedPlan to a target market of over 80,000 registered medical marijuana patients in Arizona in exchange for a commission. Additionally, SHBG has applied to market to more than 600,000 patients in California.

Management also engaged PR Revolution late last year to act as its public relations and marketing agency of record. With their help, the company surpassed its early expectations for pre-enrollment in the Novus MedPlan program and has attracted interest from several dispensaries and other providers across several states. These dynamics set the stage for near-term expansion into more states, like Nevada and California.

Building Shareholder Value

Novus Acquisition & Development has spent the past several quarters building the Novus MedPlan by pre-enrolling patients and signing partnerships with dispensaries. With the official launch of the program, the company is taking a large step toward generating sizable revenue and recurring income that should drop down to the bottom-line and build long-term value for shareholders.

The program’s success is driven by the ongoing legalization of medical marijuana across the U.S., increasing number of studies showing the efficacy of cannabinoids in treating a number of medical conditions, and the growing need for discounts to cope with the high costs of medical marijuana. By lowering costs and improving access, the program fills a key void in the market that could attract mass adoption.

Finally, the company’s management team has been working hard to unlock shareholder value in financial ways. CEO Frank Labrozzi returned 90 million of his personal shares to the treasury, which significantly reduced the potential for dilution of the stock. Management also plans to pursue an up-listing to a higher exchange over the coming quarters to increase liquidity and transparency.

While many investors are focused on medical marijuana companies, like GW Pharmaceuticals plc (NASDAQ: GWPH), or related products, like mCig Inc. (OTC: MCIG), Novus Acquisition & Development may be worth a closer look given its recent launch of Novus MedPlan and the high-margin business model that the web portal yields as management grows the network over time. To learn more about the Novus MedPlan visit www.novusmedicalgroup.com.

Sign up to follow Novus Acquisition and Development Corp (NDEV) here http://www.cannabisfn.com/mdc/novus-acquisition-development-corp/.

About CannabisFN

Cannabis Financial Network (CannabisFN) is brought to you by TDM Financial, a financial media group and owner of SECFilings.com with over a decade of experience educating investors, profiling public companies, and developing specific investors audiences. CannabisFN is the largest dedicated financial network covering the cannabis and medical marijuana (MMJ) industries and educates investors, business developers and media on industry news, thought leader and executive perspectives, and the fluid regulatory environment while serving as a leading corporate communications platform to public and private companies operating in the industry.

To learn how your company can be covered on CannabisFN, visit http://www.cannabisfn.com/market-defining-companies-program/.

To subscribe to the CannabisFN weekly newsletter or read additional coverage on cannabis laws and investments, visit http://www.cannabisfn.com.

Legal Disclaimer

Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/.

SOURCE: Cannabis Financial Network

ReleaseID: 427350

Analyst Sets Price Target at $0.81

ST LOUIS, MO / ACCESSWIRE / March 31, 2015 / StationDigital Corporation (OTCQB: SDIG), an internet media delivery platform, today announced that Oxbridge Research Analyst Jeffrey Song has issued a buy recommendation with a price target of $0.81.

Chairman and CEO of StationDigital Corporation, Lou Rossi commented, “Having research coverage offers our investors an outside viewpoint with respect to what we are accomplishing. Over the next several quarters, our accomplishments should begin to speak for themselves.”

Investors interested in receiving a copy can visit StationDigital’s new Investor Relations web site at http://sdig.co/ or view a list of analyst coverage at http://ir.stationdigital.com/analyst-report.html. Investors and consumers who are interested in our StationDigital App can find them here for iOS or Android.

About StationDigital Corporation

StationDigital Corporation is a multimedia digital broadcast company that offers free music streaming of over 30 million songs globally. StationDigital Corporation features both genre-based and artist-based music discovery stations to suit an endless variety of musical tastes, and a personal recommendation service to its more than three million users – all available both online and through its iOS and Android mobile apps. StationDigital Corporation’s users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs or genre, and by providing feedback on the music they hear. StationDigital Corporation also offers the industry’s first Listener Rewards program in which users earn points for listening, sharing and inviting friends on social media to enjoy StationDigital Corporation. Listener Rewards points are redeemable in the StationDigital Corporation online store to purchase music, merchandise and additional discounts. StationDigital Corporation is headquartered in St. Louis. For more information, visit www.stationdigital.com or http://www.sdig.co/index.html. To download the App click iOS or Android.

Safe Harbor Statement

This press release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations

Victor Roberts
RedChip Companies
Phone: 800.733.2447, ext. 110
victor@redchip.com

Company Contact

Stuart Fine
StationDigital
908-469-1788
stuart@stationdigital.com

SOURCE: StationDigital Corporation

ReleaseID: 427375

Retail Availability of Jala at 1,000 Stores

NEW YORK, NY / ACCESSWIRE / March 31, 2015 / Be Active Holdings, Inc. (PINKSHEETS:JALA), a manufacturer and marketer of Greek frozen yogurt under the Jala brand, is pleased to announce its 2014 operating and financial results. Jala is currently available in approximately 1,000 retail stores, concentrated in the New York tri-state area. Many of these available locations started carrying Jala in late-2014 and early-2015. Gross revenue for 2014 was $74,856. The Company’s cash balance at year-end December 31, 2014 was $504,358.

Highlights:

– Re-launch of Jala included new formats, new packaging and new branding
– Fairway availability
– Westside Markets availability
– A&P availability
– Pathmark availability
– Waldbaums availability
– Stop&Shop availability

Due to a lack of capital, Jala distribution has been focused to only the New York tri-state area. During 2014, the Company paid $173,000 in slotting fees, which then netted against gross sales, giving it negative net sales.

In 2015, the Company plans on introducing new flavors to the line of Greek frozen yogurt sandwiches. Jala expansion into new markets may be constrained by cash available to pay for slotting fees.

Be Active Holdings President, Sam Pugliese, stated, “We are thrilled with the supermarket and consumer reception Jala has received so far, especially given the limited capital resources we have had. Jala Greek frozen yogurt sandwiches are selling through better than expected. Jala is greatly positioned for accelerated growth in 2015 and beyond, as we will look to expand Jala nationally over the next twelve months.”

Be Active Holdings Director and Secretary, Joseph Rienzi, added, “Our continuous focus on brand awareness and market penetration has led us on a path of continual growth. We are pleased with the consumer’s feedback of our portfolio. We will continue to strive on expanding our market share as the opportunities arise and increase our exposure to the customers.”

The Jala brand is a low fat, low calorie, all natural probiotic enriched Greek frozen yogurt designed to appeal to both the health conscious and weight conscious consumers. Be Active Holdings’ Founder and President Sam Pugliese was the previous Founder and President of Skinny Cow ice cream brand, which was sold to Nestle for $76 million.

For more information, please check out http://jalabars.com and follow Jala on Twitter and Instagram @jalabars.

About Be Active Holdings, Inc.

Be Active Holdings, Inc. is a manufacturer and marketer of Greek frozen yogurt under the Jala brand. The Company manufactures and sells low fat, low calorie, all natural probiotic enriched Greek frozen yogurt under the trade name Jala. Its Greek frozen yogurt is packaged as low fat bars and pints, which are designed to appeal both the health conscious and weight conscious consumer. The Company produces high quality, low fat, low calorie, all natural novelty frozen yogurt and ice cream products. Its proprietary Greek frozen yogurt is all fat-free and is a result of its proprietary recipe and the quality of the ingredients in the mix. For more information, check out: http://jalabars.com.

Forward-Looking Statements

Forward-Looking Statements. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, including but not limited to the discussion under “Risk Factors” therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.

Contact Information

Sam Pugliese, President
sam@beactivebrands.com
212-736-2310

Hayden IR
hart@haydenir.com
917-658-7878

SOURCE: Be Active Holdings, Inc.

ReleaseID: 427376

VANCOUVER, BC / ACCESSWIRE / March 31, 2015 / Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company”) is pleased to provide an updated Cow Mountain resource estimate prepared by Snowden Mining Industry Consultants (Snowden), of Vancouver, British Columbia.

The reported Mineral Resource estimate is based upon an open pit scenario for the mining of gold mineralization beneath the surface of Cow Mountain in an area immediately surrounding the underground workings of the Cariboo Gold Quartz Mine. The resource estimate involved the application of Multiple Indicator Kriging (“MIK”) for gold grade estimation of a block model using Datamine mining software. Table 1 outlines the results of the updated resource.

Table 1: 2015 Cow Mountain Mineral Resource reported at a cut-off grade of 0.5 g/t Au

Notes:

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

(2) The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.

(3) Contained metal may differ due to rounding.

(4) The Mineral Resource estimate stated in Table 1 is defined using 25 ft by 25 ft by 25 ft blocks.

Estimation Methodology

A Datamine block model with cell dimensions of 25 ftE by 25 ftN by 25 ftRL was coded to reflect the estimation domains. Subcelling was used to more accurately define the volumes. The block size is the same as that used for the 2012 estimate. A kriging neighbourhood analysis was carried out to confirm the validity of the block size. This block size represents 1/4 and 1/2 of the drill hole spacing. The lower limit of the block model was restricted to the 3500 ftRL because the data available below this limit is limited.

All data was composited to equal sample lengths of 5 feet prior to statistical analysis and grade estimation. This length was chosen as the majority of sample intervals (75%) were 5 feet in length or less. Declustering of the composite data was tested and the results indicated that the issue of clustering did not have any significant impact, except for the mineralization indicator. All statistics were therefore reported based on the composite file without declustering.

The gold grades within the mineralized domain were estimated with a modified Multiple Indicator Kriging (MIK) approach. Snowden used an indicator approach to define the proportion of mineralized material within the blocks. The grade in the mineralized proportion was then estimated using MIK and the total mean grade within the block was estimated using the average gold grade weighted by proportions. The density was assigned as 2.7 t/m3.

Grade estimates and models were validated by: undertaking global grade comparisons with the input drill hole composites; visual validation of the block model in cross sections; and by grade trend plots. To identify over-smoothing the Indicated Resources were compared with the grade tonnage curves obtained with global change of support. The estimate validated well.

The resource classification definitions (Indicated and Inferred) used for this estimate are those published by the Canadian Institute of Mining, Metallurgy and Petroleum in their document “CIM Definition Standards”. Classification was applied based on geological confidence, data quality and grade variability. Other considerations for the classification were the historical underground mining within the mineralized domain, with presence of large stopes; and the completion of a large re-assay campaign.

Areas classified as Indicated Resources are informed by the first search pass in the estimation and are mostly informed with samples in drill holes drilled after 1980. The remainder estimated with the first or second pass was classified as inferred. Areas where there is no informing data or only containing isolated drill holes are not classified as a part of the Mineral Resource.

Cut-off grade determination and the evaluation of reasonable prospects for economic extraction

Snowden selected a base case cut-off of 0.5 g/t Au assuming that the assumptions for the selection of this cut-off in the previous resource estimate are still valid. This cut-off was based on:

a) The existence of an open pit optimization

b) The preferred cut-off grade of 0.2 g/t Au for the Spanish Mountain, a nearby project located approximately 60km south of Cow Mountain with a similar mineralization style, with a PEA study using a gold price in the Financial Base Case of US$1100/oz.

Whilst Snowden, in this instance, does not consider it appropriate to use the cut-off grades used by Spanish Mountain to define the cut-off grade for Cow Mountain, it does provide support that the cut-off grades used are at least consistent with the PEA for that project. Snowden would caution that until a suitable mining study has been completed, the selection of a cut-off grade can at best be considered preliminary. Table 2 outlines the sensitivities of gold cut-off grade to global grade and tonnage for the current Cow Mountain estimate.

In order to demonstrate that the mineralization as estimated in the block model has a reasonable expectation of being mined at some time in the foreseeable future, Snowden completed a Whittle pit optimisation exercise using the parameters provided in Table 3. The pit optimisation exercise has not resulted in an engineered and operational open-pit mine design.

Whilst $1300/oz was the starting point for the optimisation study, the optimisation was tested for gold prices from $1005/oz to $2095/oz. The results indicated that the resource potential, as defined by the optimisation study, was constrained by the model limits laterally (the optimisation could not expand past the model boundaries, thereby limiting the evaluation to the model extents).

Table 2: 2015 Cow Mountain Indicated and Inferred Mineral Resource estimate reported over a range of cut-off grades

Notes:

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

(2) The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.

(3) Contained metal may differ due to rounding.

(4) The Mineral Resource estimate stated in Table 1 is defined using 25 ft by 25 ft by 25 ft blocks.

(5) The reader is cautioned that the data presented in this table should not be misconstrued as a mineral resource statement. The figures are only shown to illustrate the sensitivities of the block model quantities and grade estimates to the selection of cut-off grade.

Table 3: 2015 Pit optimization parameters for establishing Reasonable Prospects of Economic Extraction

Comparison with previous estimate (Snowden 2012)

The updated Mineral Resource estimate has been compared with that previously prepared by Snowden (Geoex, Apex, Snowden 2012) at the 0.40 g/t cut-off to understand the changes in the reported numbers (Table 4). The most significant difference in the data set used for the updated estimate is the new assay values from the re-assay program. The two estimates have similar model extents and the MIK methodology was used for both. The previous estimate had large portions of assigned data. This assigned data has now been replaced with the results of the re-assay program increasing confidence in the data. This increase in confidence is reflected in the increase in indicated category. The large increase (262%) in the Indicated global tonnage is from the inclusion of previously excluded blocks that were informed with assigned data in the previous estimate and are now included because the assigned data is replaced with the results from the re-assay program. Snowden considers the comparison acceptable.

Table 4: Comparison of Snowden 2015 and Snowden 2012 estimates at 0.4 g/t gold cutoff

Discussion of New Results

The Cow Mountain database was updated with the results of the re-assay program outlined in the recommendations section of the 2012 report (Geoex, Apex, Snowden, 2012). A total of 27,473 coarse reject samples in drill holes from 2009 to 2012, which were originally assayed with standard fire assay method with atomic absorption finishing, were re- assayed using screen metallic analysis. A total of 7,698 non-assayed intervals in pre-existing drill holes from 2007 to 2011 were also assayed and incorporated into the estimate.

In the previous estimate the drill holes CM12-04, CM12-05, CM12-06 and CM12-07 were discarded because there were large differences between the survey at the collar and the downhole survey data. In the 2015 estimate these drill holes were used for the resource estimate and the downhole inclination was assigned from the deviations measured at the collar.

A set of historic underground drill hole data excluded from the previous estimate was revised and incorporated into this estimate because the position can now be verified with the underground tunnels from adjacent levels. Drill holes reported in the previous estimate but lying outside of the mineralized zone were excluded in this estimate. In the year 2014 ten new drill holes were drilled logged and assayed, five of these drill holes are outside of the main estimation domain. There was no drilling in the year 2013. In addition results from the re-assaying project carried out in 2014 were included in the updated database. In total, 1,464 drill holes were utilized to inform the 2015 resource update.

An estimation approach similar to that one applied in the previous estimate was used but with estimation parameters reviewed and modified to reflect changes resulting from incorporation of the new data.

Commentary

BGM continues to build an exploration and development plan based on primary ore and mineralizing controls from first principles in keeping with management’s previously stated goals (see press release dated March 17, 2015). This undertaking has commenced under the direction of Paul Geddes, VP Exploration and will require a period of time for compilation that includes all available historical underground and production data. Additionally, an assessment of the company’s extensive landholdings and external assets will also be made in order to extract value and maintain focus. BGM management is of the view that current market conditions, deposit suitability and permit timing dictate that alternate courses be considered. A series of smaller scale, high grade, relatively low capex operations will be of prime consideration to the current team and is well within current management’s areas of expertise, experience and proficiency.

Tom Obradovich, President and CEO of BGM stated, “Our recent success with small scale test mining of the Bonanza Ledge deposit, combined with the vast amount of gold successfully mined in the past gives credence to the traditional tried and true methods of extracting narrow vein deposits. Our approach to the Wells high grade deposit area will be to let the deposit characteristics dictate our timing, methods and approach”.

“All exploration, development and corporate decisions from our new management team will be logical and suitable based on geology, geometry and realistic assumptions with regards to markets, financing and timing”, added Greg Gibson, Chairman of BGM.

Qualified Persons

Mineral Resources reported for the Cow Mountain deposit were prepared by Dr. Adrian Martinez Vargas PhD under the supervision of Walter Dzick P.Geo., Principal Consultant, and reviewed by Lynn Olssen General Manager Geoscience, all employees of Snowden. All Snowden employees named above are Qualified Persons as defined in NI 43-101. Snowden is independent of BGM. Walter Dzick, P.Geo.,MAusIMM, APEGBC, AIPG, a Qualified Person as defined by National Instrument 43-101, is responsible for the Cow Mountain resource estimate and has read and approved the technical information contained in this news release.

About Barkerville Gold Mines Ltd.

Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company’s mineral tenures cover 1,164 km2 along a strike length of 60 km and approximate width of 20 km, including the Cariboo Gold Project, the Bonanza Ledge Gold Project, the Barkerville Mountain and Island Mountain exploration targets and seven past producing hard rock mines. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 km by highway and all-weather road from the Barkerville Gold Camp. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. The Company has completed significant drilling and exploration programs and, together with the historical data, is compiling all information to determine the geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been prepared on behalf of the Board of Directors of the Company which takes full responsibility for its contents.

For further information on Barkerville Gold Mines Ltd., please contact:

Greg Gibson
Chairman and Director
ggibson@barkervillegold.com

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this 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, but is not limited to, the Company’s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, 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, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Barkerville Gold Mines Ltd. 

ReleaseID: 427374

VANCOUVER, BC / ACCESSWIRE / March 31, 2015 / Dunnedin Ventures Inc. (the “Company” or “Dunnedin”) (TSX-V: DVI) is pleased to report it has filed the NI 43-101 compliant technical report describing the maiden Mineral Resource Estimate for the Kahuna Diamond Project (the “Project”), located in Nunavut, Canada. The estimate was prepared by APEX Geoscience Ltd. (“APEX”) on the Kahuna and Notch kimberlites based on data from the 2006 – 2008 bulk sampling and drill programs completed by the past operator.

As disclosed on January 26, 2015, Dunnedin reported a combined Inferred Mineral Resource of 4,018,000 carats of macrodiamonds at a 0.85 mm (+1 DTC sieve size) lower diamond cut-off, with an average grade of 1.01 carats per tonne (cpt), or 101 carats per hundred tonnes (cpht) derived from 3,987,000 tonnes of kimberlite resource at the Kahuna and Notch targets. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the Inferred Mineral Resource will be converted into a Mineral Reserve.

Exploration Potential of Kahuna and Notch

Preparation of the resource report allowed calculation of a Target for Further Exploration (“TFFE”) that provides additional potential tonnages and contained carats that are not yet included in the Resource. The TFFE is based on projection of the diamondiferous kimberlites below the shallow depths currently included in the Resource. Calculations for a conceptual target indicate there is potential for an additional 4,090,000 to 15,880,000 carats of diamonds within the Kahuna and Notch dikes, as presented in Table 1. The potential quantity and grade of any TFFE is conceptual in nature, there is insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.

Table 1: Additional potential tonnage and carats at Kahuna and Notch

*Note that bulk sampling has established that Kahuna has a recovered grade of 1.04 cpt and Notch has a recovered grade of 0.90 cpt (at a +0.85 mm lower cut-off) as previously disclosed in the Inferred Resource. As such, the “Low Range” reduces diamond grades by about 23% and the “High Range” increases diamond grades by about 5% for Kahuna and 10% for Notch. Note the tonnes and carats have been rounded to the nearest 10,000 and may not add due to rounding.

The TFFE provides reasonable guidance for additional potential tonnage and diamond grades at Kahuna and Notch to depths of 300 – 600 m, but does not include:

1. 1)Any potential additional tonnage or carats from any of the six other diamondiferous kimberlites that have already been drilled, sampled and mapped on the project, such as the PST, Killiq and KD series of dikes. At PST, grades of 2.18 cpt (at a +0.85 mm lower cut-off) have been reported following bulk sampling and drilling, and a network of diamondiferous dikes has been drilled in this area. The Company believes these represent high priority targets for ongoing work, due to their significant diamond grade potential, and

1. 2)800 m of additional potential strike length of the Kahuna dike, and 300 m of additional potential strike length of the Notch dike as inferred by field mapping, geophysics and geological sampling. If included, these would proportionally increase the expected volume of diamond-bearing kimberlite at these targets; however drill density remains insufficient at these locations to include these areas in the TFFE at this time.

The TFFE assumes the same kimberlite densities as the Resource Estimate, which average 1.99 t/m3 for Kahuna and 2.12 t/m3 for Notch, and assumes recovery of +1 DTC sieve size macrodiamonds. The TFFE is derived from geological volumes based on projection of the Kahuna and Notch kimberlites to depths of 300 m (low range) and 600 m (high range) vertically from surface below the extent of the current geological model, and assuming a range of potential grades. The TFFE assumes a strike length of 4.7 km for Kahuna and 2.6 km for Notch; and an average width of 2.5 m and 1.5 m, respectively. Given the assumed kimberlite dike method of emplacement, and the presently defined extent of the geological models, both ranges are considered reasonable by the report authors.

Chris Taylor, Dunnedin’s CEO stated: “Based on the Inferred Resource and TFFE, Dunnedin believes the Kahuna and Notch kimberlites have the potential to host 10 – 20 million carats of macrodiamonds from surface to depths of 300 – 600 m. This provides an important initial size estimate for two of our eight confirmed diamondiferous kimberlites. We will continue to work to expand and refine these numbers while we prepare to undertake bulk sampling to assemble a diamond valuation package.”

Recommendations for Further Work

In addition to calculation of the Inferred Resource and TFFE, APEX recommends a multi-stage work program designed to expand the existing resource, follow up on several untested high priority diamond indicator mineral and geophysical targets, and build diamond valuation parcels. Dunnedin plans to implement many of the recommended steps through 2015 – 2016 including bulk sampling, drilling and additional till sampling, and may implement other portions of the recommended work program depending on results on its ongoing work. Recommendations are presented below:

• -Airborne gravity and light detection and ranging (LiDaR) surveys to provide additional kimberlite target definition and high resolution topographic data

• -Further diamond drilling of the known kimberlites along with drill testing of additional new or untested targets

• -Bulk sampling the various kimberlites to establish diamond valuation parcels

Mr. Kristopher J. Raffle, P.Geo. (BC), Principal of APEX Geoscience Ltd. is the independent qualified person responsible for the preparation of the Mineral Resource Estimate for the Kahuna Diamond Project. Mr. Raffle has reviewed and approved the contents of this press release.

For further information please contact Mr. Chris Taylor, M.Sc., P.Geo, CEO at 604 681 0084, or Mr. Allan Barry Laboucan, Special Advisor at 604 505 4753.

On behalf of the Board of Directors

Dunnedin Ventures Inc.

Chris Taylor

Chief Executive Officer

About the Kahuna Project

Kahuna is an advanced stage high grade diamond project located near Rankin Inlet, Nunavut. Three main diamondiferous kimberlite dikes have been drilled and bulk sampled and returned grades of 0.85 to 2.18 carats per tonne, the Kahuna, PST and Notch. An Inferred Resource released by Dunnedin showed over 4 million carats of macrodiamonds (+0.85 mm) at a grade of 1.01 carats per tonne had been defined along the partial strike length of the Kahuna and Notch kimberlites through shallow drilling. The largest diamond recovered was a 5.43 carat stone from the Kahuna dike that had been broken during the sample preparation process and was reconstructed as having an original size of 13.42 carats. The dikes have comparable strike lengths, widths and grades to producing diamond mines and occur within a broad network of largely untested geophysical targets, overlain by dense diamond indicator mineral trains.

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

SOURCE: Dunnedin Ventures Inc. 

ReleaseID: 427373