Progressive Planet Solutions Inc. (TSXV:PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has confirmed a bedrock source for the nickel in soil anomaly that PLAN reported on August 5, 2020 on its 100% owned Heffley Creek Base – Precious Metal and Pozzolan Property, BC.
Based on the soil survey results reported on August 5, 2020, PLAN commenced a systematic rock sampling program to confirm the soil sample results and a follow-up soil sampling program to extend the existing nickel in soil anomaly.
A total of 55 grab samples were collected and submitted for analysis. Of the 55 grab samples, 28 returned values greater than 1,000 PPM (0.1%) nickel and 2 of those grab samples returned values as high as 2,180 and 2,130 PPM (0.21%) nickel. All samples were grab samples and are not necessarily representative of the mineralization hosted on the property.
Progressive Planet Solutions
Figure 1 illustrates the anomalous nickel grab samples in an area of 200 by 250 metres coinciding with the nickel in soil anomaly that was previously reported. The anomalous nickel grab samples were collected in altered leuco-gabbro and serpentinite rocks. Further rock sampling on the property in the area of the nickel in soil anomaly is currently in progress. There are also anomalous nickel grab samples within the gabbro to the south, west and north that will also be followed up in the future.
A total of 192 soil samples have been collected to date and results for 109 of these samples were reported on our news release of August 5, 2020. Figure 2 plots the remaining 83 sample results.
For the 192 soil samples, 39% of the samples returned values above 300 PPM nickel, while 11.5% of the samples returned values above 1,000 PPM nickel and 3.6% of the samples returned values over 2,000 PPM nickel.
The sampling has extended the width of the nickel in soil anomaly towards the east of the main anomalous nickel area by approximately 25 to 50 metres. Further soil sampling is currently being conducted to extend the nickel in soil anomaly along strike to the north and the south.
“I am very pleased with the results of outcrop sampling which confirmed a bedrock source for the nickel in soil anomaly” indicated Dwayne Melrose, Director and Technical Advisor for PLAN. “PLAN will continue it outcrop sampling in the areas of the nickel in soil anomaly to better define the bedrock source of the nickel. In addition, we will extend the soil sampling along strike to the north and south of the nickel in soil anomaly”.
“Based on the confirmation of nickel in the bedrock, PLAN is accelerating its exploration program for Heffley Creek for the remainder of 2020. We intend to increase the time spent on the property this Fall.,” stated Steve Harpur, CEO.
Analyses were completed by the Geochemistry division of ALS Canada. Base metal contents were measured by aqua-regia digestion and analysis on ICP-AES. The Precious Metals analyses were completed on all samples using fire assay fusion followed by AA finish (Au) or ICP finish (Pt and Pd) to measure gold, platinum, and palladium. Silver was measured using aqua regia digestion.
Dwayne Melrose, P. GEO, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
For further information or investor relations inquiries, please contact us:
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 or accuracy of this release.
Progressive Planet Solutions
Meanwhile, two longstanding cannabis partners ended their relationship.
Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development
Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.
The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.
Revive Therapeutics Provides Update on FDA Phase 3 Clinical Trial for Bucillamine in COVID-19 with Planned Completion and Emergency Use Authorization Request
Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, is pleased to announce an update on the Company’s U.S. Food & Drug Administration (“FDA”) Phase 3 clinical trial (the “Study”) to evaluate the safety and efficacy of Bucillamine in patients with mild to moderate COVID-19.
With its recent $23 million dollar financing, the Company plans to aggressively expand from 14 clinical sites to up to 50 clinical sites to meet the next enrollment goals for the Study in Q2-2020. The Study is a randomized, double-blinded, placebo-controlled trial and the safety and efficacy data analyzed at each interim analysis timepoint of 210, 400, 600 and 800 completed patients are only made available to the Independent Data and Safety Monitoring Board (“DSMB”) for review and recommendations on continuation, stopping or changes to the conduct of the Study. In the event of any serious safety concerns, the DSMB would be notified to determine any risks and provide its recommendations. To date, in this initial 210 interim point there have been no serious safety concerns that required the DSMB to be notified.
HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that its common shares have been approved for DTC full-service eligibility in the United States by the Depository Trust Company (“DTC”) and can now be both traded and serviced through DTC’s electronic book-entry system.
DTC is a subsidiary of the Depository Trust & Clearing Corp. (“DTCC”) that provides clearing and settlement services for the financial markets and settles the majority of securities transactions in the United States. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms.