GlobeNewswire

Nitinat Provides Progress Report on Carscallen and Jasper Properties

Del

TORONTO, April 23, 2018 (GLOBE NEWSWIRE) -- Nitinat Minerals Corp. (the "Company") (TSXV:NZZ) (Frankfurt:04U1) is pleased to announce that the work on its 100% owned Carscallen Property is underway and is going as planned. The Corporation will be providing details on an ongoing basis as the work progresses and details become available.

The Corporations is also pleased to announce the initiation of a work program on its 100% owned Jasper Property which is located inland from the western shore of Vancouver Island, B.C., roughly 80 kilometers Northwest of Victoria, lying in the area of Nitinat Creek and Lake and is accessed by logging roads coming in from the North. The Jasper Property consists of the Jas 3 legacy mineral claim and eight unnamed cell mineral claims that together comprise nine contiguous claims that cover 3978 hectares. The Jasper Property is 100% owned and operated by the Company.

The Highly Visible mineralized showings on the Jasper claims lie in a rugged forested area accessible by logging roads. The item of significance which set the claim area apart is that, when cuts were being made for the logging roads, significant showings of copper sulfide mineralized rocks occurred.

The Company will be proceeding with a work program immediately and has contacted professionals to provide modeling and 3D inversion of the airborne magnetic and electromagnetic data was completed for a portion of the Jasper Property. Also, magnetic inversion established low susceptibility bodies coincident with polymetallic MINFILE occurrences surrounded by narrow, vertical high susceptibility pipes. Electromagnetic inversion established a 2 layer resistivity model - thick high resistivity layer from surface to 300-600 m. depth overlying a thin, sub-horizontal to undulating low resistivity (high conductivity) layer. The deep high conductivity layer could represent a sedimentary, replacement, epithermal or metallic sulphide horizon, and has never been tested by drilling. Two to four deep (750 m.) diamond drill holes are proposed to test the sub-horizontal conductive layer where it is coincident with the area of low magnetic susceptibility and underlies copper-zinc+/-lead-silver-gold soil geochemical anomalies and 14 of 15 known polymetallic mineral occurrences. Also, downhole EM surveys will be included as part of the drilling program.

Prior to the drilling program, a property-wide isopach map of the conductive horizon will be generated by a qualified and experienced geophysicist to better interpret the lateral extent, depth and varying thickness of that horizon.

"The Corporation is highly pleased with the progress on both properties." Says Herb Brugh, President of the Company. "We are looking forward to getting the work done as quickly as possible and to a great drilling season".

The Qualified Person for the Carscallen Property is John A. Gould, B.Sc. University of the Witwatersrand (Geology, Physics and Chemistry) Potchefstroom University of Higher Christian Education: BSc (Hons) (Geology) SACNASP Registration: 400022/10.

The Qualified Person for the Jasper Property is Jacques Houle, B.A.Sc., University of Toronto - Geological Engineering - Min. Ex. Option P.Eng. since 1989 Association of Professional Engineers and Geoscientists of B.C.

Corporation contact:

Herb Brugh, President and Director
Tel: 416.216.0964

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Nitinat is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Nitinat cannot assure investors that actual results will be consistent with these forward-looking statements and Nitinat assumes no obligation to update or revise the forward-looking statements contained in this release to reflect actual events or new circumstances.

Three photos accompanying this announcement are available at

http://resource.globenewswire.com/Resource/Download/b591cc3a-393e-498e-80e7-d9ced695bd8e

http://resource.globenewswire.com/Resource/Download/ea967a1d-c95c-4265-9482-db5372b826bd

http://resource.globenewswire.com/Resource/Download/671e92b5-bf62-4cdc-82f9-d354ecf1f1a9




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nitinat Minerals Corp. via Globenewswire

Om GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Følg saker fra GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra GlobeNewswire

Dubai Airports partners with XDubai for one-of-a-kind stunt embodying Dubai’s ambitious spirit19.2.2019 15:46:00Pressemelding

Stunt showcases refreshed DXB brand’s vision of pushing boundaries and creating new experiences DUBAI, United Arab Emirates, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Dubai Airports has partnered with action sports brand XDubai to deliver an incredible one-of-a-kind stunt by Emirati athlete and skydiver Mohammed Baker, as part of the new DXB brand which aims to position the world’s busiest international airport as a major destination for culture, hospitality, and entertainment. The stunning showcase, captured in a short film released by both Dubai Airports and XDubai, just following the refreshed brand reveal recently, captures what is believed to be the world’s longest skydive swoop under a fixed structure. As showcased in the video, skydiver Mohammed Baker jumps out of a helicopter with a parachute emblazoned with the new DXB brand, gliding through the Dubai sky before performing one of the world’s longest skydive swoops - measuring 112m - under the Sheikh Zayed Road bridge. With Downtown Du

New PubMatic Research Finds Mobile In-App Monetization Spurred by Video and Header Bidding, Though Challenges Remain19.2.2019 15:00:00Pressemelding

Company releases Q4 2018 QMI report, highlighting key trends in mobile advertising growth REDWOOD CITY, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) -- PubMatic, the publisher-focused sell-side platform (SSP) for an open digital media future, today released its fourth Quarterly Mobile Index (QMI) of 2018. The report highlights key trends influencing mobile advertising growth, allowing publishers and advertisers to make smarter decisions around their programmatic strategies. Advertisers are increasingly attracted to the enhanced targeting and increased customer engagement of mobile in-app, with many buyers opting for programmatic transaction methods for this inventory (Forrester Consulting). PubMatic’s Q4 2018 QMI Report found that in-app video ad spend was up over 200 percent year-over-year in 2018 as buyers embrace in-stream opportunities. Header bidding technology is also beginning to take hold within the in-app environment, with impression volumes growing more than 300X year-over-year in

Canada Rare Earth Reinvigorates a South American Rare Earth Mine and Processing Opportunity19.2.2019 14:45:00Pressemelding

VANCOUVER, British Columbia, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Canada Rare Earth Corp. (“Canada Rare Earth” or the “Company”) (TSX.V: LL) is pleased to announce that it has re-established discussions and momentum with the owners (the “Owners”) of an advanced prospective rare earth property situated in South America (the “Property”). The recent dialogue has resulted in an agreement outlined in a non-binding letter of intent (the “2019 LOI”) which is significantly different from the original letter of intent announced on October 17, 2017 (the “2017 LOI”). The 2019 LOI is simpler in many regards. For example, under the 2019 LOI Canada Rare Earth will purchase the rare earth concentrate for either sale or further processing onsite, whereas the 2017 LOI provided for more of a joint venture collaboration with joint management and cross ownership of the prospective mine and processing facilities. The 2019 LOI and the 2017 LOI are consistent in that: The Owners will prepare and transport a 50-

Cloudian Solves Backup Challenges for European Managed Services Provider19.2.2019 14:00:00Pressemelding

Provides Limitlessly Scalable, Cost-effective Storage Foundation for Data Protection SAN MATEO, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) -- Cloudian today announced that Systemec, a managed services provider specializing in health care and logistics in the Netherlands and Germany, has deployed Cloudian’s HyperStore object storage platform to address the backup challenges of growing data volumes. Cloudian enables Systemec to protect data from multiple applications, prevent the scheduling problems it previously faced and achieve increased cost efficiency. Continued Data Growth Threatens to Overwhelm Backup Windows Founded in 2007, Systemec runs two data centers in The Netherlands and one in Germany under a unique cross-border strategy that supports more than 500 customers. As the amount of data the company manages rapidly increased, Systemec realized it needed a cost-effective solution to store and secure customer data. “This growth raised concerns about accommodating the future data volum

VistaJet Partners With Scuderia Ferrari Mission Winnow for the 2019 Formula One World Championship19.2.2019 11:33:00Pressemelding

Supporting the team with the most efficient global travel solution LONDON, Feb. 19, 2019 (GLOBE NEWSWIRE) -- VistaJet, the first and only global business aviation company, announces its partnership with the Scuderia Ferrari Mission Winnow team as its Official Supplier of private jet travel. With the tight schedule of the race calendar and often only days between Grands Prix, VistaJet will support the team to optimize their travel and transfer times throughout the 2019 Formula One season. In an industry where speed and efficiency are fundamental, the Scuderia Ferrari Mission Winnow team will further utilize time off track to arrive in optimum condition. Having raced competitively with Ferrari for many years and as an official driver in the FIA World Endurance Championship, WEC, VistaJet’s Founder and Chairman Thomas Flohr knows the demands of racing and the intense focus required to perform under such pressure. With his Ferrari 488 GTE, Thomas achieved second place at the 24h of Le Mans

ACC Opens New Europe Headquarters in Brussels19.2.2019 11:00:00Pressemelding

Giuseppe Marletta appointed managing director to serve European in-house legal community Brussels, Belgium, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The Association of Corporate Counsel (ACC), a global legal association representing more than 45,000 in-house counsel employed by over 10,000 organizations in 85 countries, has opened its first office in Brussels. It will serve as the nucleus of ACC in Europe, led by new managing director Giuseppe Marletta. Marletta, former general manager of the International Association of Young Lawyers (AIJA), has an extensive background in pan-European advocacy and high-level operations management. ACC’s hiring of Marletta and new European office will allow the organization to offer more and more varied services to in-house lawyers on the Continent. ACC Europe serves about 2,500 lawyers, both in and out of the European Union. Celebrating 25 years in 2019, it is one of ACC’s oldest chapters. This year will see the 2019 Annual Conference in Edinburgh, the 2019