Metals Update 17/06/2021

Draganfly to fly sanitation drone over NASCAR track

Dover Motorsports Inc. has signed an agreement with Draganfly Inc. to implement Draganfly’s health security and public safety services for its June 18, 2021, to June 20, 2021, NASCAR triple-header weekend at Nashville Superspeedway.

Nashville Superspeedway’s June 18 to June 20 weekend includes the inaugural, sold-out Ally 400 NASCAR Cup Series race on Sunday, June 20, 2021 (2:30 p.m. CT; NBCSN), the first Cup Series race in Middle Tennessee in 37 years.

NASCAR comes to the venue over three days from June 18, 2021, to June 20, 2021, over which Draganfly will be providing health security and public safety drone services using patented drone technology.

“Providing as safe a venue and environment as possible for our fans is obviously one of our top priorities,” said Erik Moses, Nashville Superspeedway’s president. “Draganfly’s unique and innovative sanitation drone is an immense help to our cleaning efforts around the track. We appreciate Draganfly’s support as we prepare to host America’s best drivers on June 18 [to] 20.” Draganfly successfully deployed these services and technologies to help ensure health security and public safety for the 2021 college basketball season and the world-famous Barrett-Jackson auto auctions in Scottsdale, Ariz.

Cameron Chell, chief executive officer of Draganfly, commented on the announcement: “To be involved in helping NASCAR return to Nashville Superspeedway is another major endorsement for Draganfly and the technology it has developed. I know how important NASCAR is to fans, and so we are delighted to be supporting them and Dover Motorsports in enjoying what will be an incredible three days of racing.”

Nashville Superspeedway, at 1.33 miles, is the largest concrete-only track in NASCAR and is located approximately 30 miles southeast of Nashville. Also on track during the coming weekend is the Tennessee Lottery 250 NASCAR Xfinity Series race on Saturday, June 19, 2021 (2:30 p.m. CT; NBCSN), and the Rackley Roofing 200 NASCAR Camping World Truck Series race on Friday, June 18, 2021 (7 p.m. CT, FS1).

Tinley to manufacture Sprig THC beverages in California

California’s long-standing favourite cannabis beverage, Sprig, will produce at Tinley’s bottling facility in Long Beach, Calif.

Sprig was founded in Newport Beach, California, in 2015 and quickly became one of California’s most prominent cannabis beverages. The company was founded with one goal: To make delicious, refreshing cannabis-infused sparkling beverages to the highest standards of major brands.

Sprig also sells its hemp-derived CBD-infused beverages in stores and online nationwide. Working with Tinley’s, Sprig is now re-introducing its award-winning THC-infused beverages{҅ —}Citrus Original and Citrus Zero Sugar{Ҵ —}to California dispensaries and licensed home delivery channels in 2021, after receiving significant interest from dispensaries and consumers for Sprig in its original THC format. The CBD versions will continue to be manufactured in third-party facilities as California law prohibits manufacture of hemp-derived CBD products in cannabis-licensed facilities.

Sprig reports that since inception, consumers have purchased nearly 3 million cans of Sprig, and consumers will now be able to enjoy these products in both CBD and THC versions, with the THC version available in California through licensed dispensaries and delivery.

Tinley’s expects Sprig to be the first product to be produced on the Company’s canning line, which is the third bottling line to be installed at its facility in Long Beach, California. “Sprig has produced canned, carbonated cannabis drinks longer than any other brand,” said Josh Rosinsky, Sprig’s Vice President of Sales. “We’re excited to be re-launching our THC products in California with Tinley’s. Tinley ‘s shares our number one commitment: to produce the highest-quality products, to exacting safety and purity standards.”

“Our canning line represents a significant additional source of production capacity. Together with our bottling and mini lines, and with our tunnel pasteurizer, our facility in Long Beach now offers a large variety of packaging, formulation and batching options for third-party brands,” said Rick Gillis, President of Tinley’s, Western USA. “We’re excited for Sprig to be the first brand to run on this new canning equipment”.

RT Minerals drills 23.94 m of 0.75 g/t Au at Link

RT Minerals Corp.’s phase II drill program originally announced on Feb. 4, 2021, has confirmed additional gold mineralization at its Link-Catharine RLDZ property located 25 kilometres south-southeast of Kirkland Lake, Ont., as more fully described in this news release.

Donald (Dan) M. Clark, the president and chief executive officer of the company, comments on the Link-Catharine RLDZ program and region: “The five holes of the current program and the seven holes from the previous drill program at the Link-Catharine property has confirmed narrow and broad anomalous gold signatures with several high-grade gold sections within an area of about 180 metres north to south by about 180 m east to west and to a vertical depth of up to approximately 180 m. Several separate subparallel/en-echelon gold sections have been encountered. The widespread nature of gold mineralization traversing all rock units within the property as well as the strong hydrothermal alteration with sulphides continues to suggest a significant gold-bearing system is present. Large anomalous gold halos, with high-grade intervals contained therein, as is observed at the Link-Catharine property, are similar in some cases to the past-producing Kerr Addison mine located about 25 km northeast of RTM’s Link-Catharine property. All of the 11 holes drilled and assayed by RTM since its drilling commenced in October, 2020, on the Link-Catharine property have been gold-bearing.

“The entire region of this southwestern part of the Abitibi greenstone belt is becoming highly active. RTM has encountered significant gold mineralization over the past eight months on the Link-Catharine property. Northstar Gold Corp., located about three km north from the up to 104-square-kilometre potential RTM claim block, has recently announced significant gold intercepts from its drilling. Kirkland Lake Gold Corp. has acquired 9.9 per cent of the common shares of Ore Finders Resources Inc. as well as entered into a $60-million strategic alliance with Ore Finders. The Orefinders property is located about three km from the RTM 104-square-kilometre block. With RTM shareholder approval, RTM will be the largest claim holder in this underexplored region of the Abitibi greenstone belt of Ontario, which represents a newly emerging Canadian gold exploration camp involving both major and junior gold companies. RTM is excited by its plans to conduct follow-up exploration within the aggregate 104-square-kilometre block pending its acquisition of Catharine Gold Inc., which is subject to shareholder approval at the annual general and special meeting to be held on June 22, 2021, as well as receipt of standard regulatory approvals.”

The company’s annual general and special meeting is scheduled for June 22, 2021, and the company will seek shareholder approval for the acquisition of a 100-per-cent interest in Catharine Gold, a private company that owns the mineral rights to approximately 100 square km of mineral claims that are contiguous to RTM’s Link-Catharine property, and which commences approximately 22 km southeast of Kirkland Lake, Ont., Canada.

Assay results — Link-Catharine RLDZ Property, near Kirkland Lake, Ont.

The company announces the following results from the first five holes of a seven-hole phase II drill program at the Link-Catharine property.

Hole No.           From (m)    To (m) Interval (m)     g/t Au  

CA 21-01             75.90     76.40         0.50        8.42      
CA 21-01             89.10     89.60         0.50        0.81      
CA 21-01            110.57    114.00         3.43        1.84      
CA 21-01 including  110.57    111.59         1.02        5.15      
CA 21-01            125.05    126.30         1.25        0.33      
CA 21-01            129.41    132.06         2.65        0.81      
CA 21-01 including  129.41    130.30         0.89        1.68      
CA 21-01            194.50    197.36         2.86        0.36     
CA 21-01 including  194.50    195.50         1.00        0.50     
CA 21-01 and        196.50    197.36         0.86        0.56      
CA 21-01            211.60    213.19         1.59        0.74      
CA 21-02             59.00     60.40         1.40        0.26      
CA 21-02            154.28    155.80         1.52        1.95      
CA 21-02 including  154.28    155.00         0.72        3.88      
CA 21-03             15.66     39.60        23.94        0.75      
CA 21-03 including   15.66     26.00        10.34        0.82      
CA 21-03 including   22.90     24.00         1.10        2.15     
CA 21-03 and         29.00     39.60        10.60        0.90     
CA 21-03 including   34.85     35.50         0.65        9.63      
CA 21-04            126.84    129.54         2.70        0.15      
CA 21-04            135.70    137.50         1.80        0.41      
CA 21-04            158.00    159.00         1.00        0.65      
CA 21-05             45.00    174.00                      NSV       

The intervals reported in the table represent core lengths. True widths cannot be accurately determined from the information available.

The company is currently reviewing targets for a phase III exploration program. Completion of the phase II drill program at the Link-Catharine RDLZ property shall resume after the June 22, 2021, annual general and special meeting.

Assaying was carried out by Swaslabs of Kirkland Lake, Ont., an ISO/IEC 17025-2005 certified laboratory.

Annual general and special meeting

The company’s annual general and special meeting will be held on June 22, 2021, in accordance with the company’s information circular and proxy materials. An ordinary resolution, to be voted on by shareholders, is required to approve the acquisition of Catharine Gold. Catharine Gold owns the mineral rights to approximately 100 square km of tenure that is contiguous to RTM’s Link-Catharine, and which commences approximately 22 km southeast of Kirkland Lake, Ont., Canada.

The above noted information circular and proxy materials, as well as a National Instrument 43-101 technical report pertaining to the 100-square-kilometre Catharine Gold property, may be viewed on SEDAR under the profile of RT Minerals.

The company cautions that mineralization on properties held by RTM may not be indicative or comparable with gold mineralization on adjacent properties, including but not limited to, those held by Northstar and/or Orefinders. Similarly, gold mineralization on the Northstar and/or Orefinders properties are not indicative of like mineralization on the RTM properties.