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Nova Cannabis Inc Com V.ALZ.RT


Primary Symbol: YSSCF

YSS Corp is a retailer and trusted destination for adult-use cannabis in Canada, focused on driving near-term growth while building long-term shareholder value. The company has built a strategic portfolio of Licensed Retail Stores across Alberta and in Saskatchewan and intends to expand into Ontario as well as other Canadian markets. Management is focused on strategic opportunities within the cannabis sector to drive shareholder value and its retail experience is built on five fundamental pillar


GREY:YSSCF - Post by User

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Post by xxtscon Nov 30, 2011 9:43am
194 Views
Post# 19278050

Sage Plain Exploration Project

Sage Plain Exploration Project November 22, 2011 TSX.V SYMBOL: ALZNEWS RELEASEAldershot Drills High Grade Uranium on the Sage Plain Exploration ProjectHighlights Encouraging results from summer drilling with intercepts as high as 2ft (0.61m) @ 0.408% eU3O8 Utah Department of Oil, Gas and Mining approved the Drilling Permit application and the additional drilling is scheduled to commence 22 November 2011 with up to 10 holes planned for a total of 3,000m Target is high grade uranium/vanadium deposits in the historically productive Sage Plain District The Sage Plain District is located about 55 miles from Denison’s White Mesa Mill and 70 miles from Energy Fuels’ proposed Piñon Ridge MillAldershot Resources Ltd. (“Aldershot” or the "Company"), is pleased to announce that Royal USA Inc, a wholly owned subsidiary of Aldershot, is continuing with this year’s drilling program through its joint venture partner Colorado Plateau Partners LLC(CPP). Energy Fuels Resources Corp. (Energy Fuels) is a 50% partner in CPP as well, and any mines developed as a result of CPP’s exploration effort will be operated by Energy Fuels to produce feed for Energy Fuels’ proposed Piñon Ridge Uranium/Vanadium mill. This immediate project will focus on continuation of drilling in the Sage Plain District near Monticello, UT, and just west of the Utah-Colorado border. The drilling targets overlay the historic Calliham Mine area, near the historic Silverbell and Wilson Mines.Summer Drilling program resultsThe first round of drilling encompassed the historic Sage Mine that was in operation until the late 1980’s before being shut down due to depressed uranium pricing. Hole locations were chosen to confirm historic drill map data and explore untested areas between the historic mine and a known mineralized area. Seven holes were drilled for a total of 4,873 feet (1,485m) with intercepts ranging from barren to highly mineralized with the following notable results:SP-11-0032ft (0.61m) @ 0.408% eU3O8SP-11-002 3 ft (0.9m) @ 0.29% eU3O8 1 ft (0.3m) @ 0.255% eU3O82SP-11-001 1.5 ft (0.46m) @ 0.095% eU3O8 2 ft (0.61m) @ 0.061% eU3O8The highest grade intercepted was in a hole in the untested area. Both SP-11-001 and SP-11-002 holes verified historic map data. More drilling is necessary to determine the extent of the mineralization.The drill results are measured using downhole geophysical probes which measure natural gamma radiation, from which an indirect estimate of uranium content can be made. The result is referred to as “eU3O8” for “equivalent U3O8”. The downhole probe being used for this project was last calibrated August 24, 2011, in accordance with industry practices at the test pits of the Field Calibration Facilities, US Department of Energy Grand Junction Colorado Office. The Sage Plain area has not had issues with disequilibrium. Five foot intervals of the drill hole cuttings have been sent to ALS Chemex for analysis and confirmation.Mike Leidich, VP Royal USA Inc. said, “We were very pleased with the results of the first round of drilling which confirmed the validity of the historic data as well as extending the resource area. The second round of drilling should further extend the resources as well as assist in some of the monitoring necessary for mine permitting which is well underway.”Drill Target SelectionThe second round of drilling will include the historic Calliham Mine area that was also in operation until the mid 1980’s and shut down due to depressed uranium pricing. The mineiss reported to he an excellent producer of uranium and vanadium which is confirmed by a large amount of historic Calliham Mine geologic information available from drill maps. Drill hole locations were selected to both confirm historic data, as well as extend the resources.PermittingThe exploration permitting with the the Utah State Department of Oil Gas and Mining (DOGM) for this next phase of drilling is complete. Since this is private land , review by the Bureau of Land Management (BLM) was not necessary.Preliminary mine permitting activities through DOGM have begun. The Calliham/Sage Plain resources are planned to evolve into a fully permitted and production-ready mining project over the next year or two.Mobilization and Start of DrillingTwo truck-mounted air rotary drills have been contracted to drill at the Sage Plain project site. Drilling is scheduled to start on 22 November 2011, and is expected to take 2-3 weeks to complete. Analysis of the results is expected within 4-5 weeks after completion of the drilling program.This press release has been reviewed and approved by Michael G. Leidich, P.E., a qualified person as defined in NI 43-101.About Royal USA Inc.Aldershot’s wholly owned US subsidiary, Royal USA Inc. is a mineral exploration and development company focused on mineral resources in the western United States of America. Colorado Plateau Partners LLC is a joint venture between Lynx-Royal JV LLC, Royal USA Inc, and Energy Fuels3Resources Corp. (45% Royal USA, 5% LynxRoyal, and 50% Energy Fuels Resources) and is managed and operated by Royal USA.About Aldershot Resources Ltd.Aldershot Resources, based in Vancouver, Canada, is a uranium exploration company. Following the recent closing of the acquisition of Royal USA, Royal’s uranium exploration operations in the United States of America will be added to the Company’s portfolio of uranium properties in Australia and Zambia. Royal USA has a very active exploration program utilizing advance geophysical methods to be followed by extensive drilling campaigns. Shares of the Company are listed for trading on the TSX Venture Exchange. There are 156,492,975 shares outstanding
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