TSX.V: CPO, Pink Sheets: CBBWF
TORONTO, Aug. 22, 2018 /PRNewswire/ – Azure Power Group Inc. (“Cobalt Power” or the “Company”) (TSX.V: CPO, OTC Pink: CBBWF) is admiring to accommodate this amend on the Company’s summer acreage program.
Chris M. Healey, P.Geo., Vice President Assay and a Director of the Aggregation commented, “Initial after-effects from the summer acreage affairs accept been absolute auspicious and will abundantly abetment in planning approaching assignment for our all-encompassing acreage amalgamation in the Azure area.”
The summer acreage affairs is actuality operated with a aggregation of seven cartography students, supervised by a chief geologist and a chief prospector, and consists of mapping and sampling accepted celebrated showings, as able-bodied as analytical filigree prospecting on added areas. In addition, a clay sampling assay was completed on the Blueberry Lake property. The alum samples are called samples and are not necessarily adumbrative of the mineralization hosted on the property.
Assay after-effects accept been accustomed from the aboriginal accumulation of samples submitted to AGAT Labs in Mississauga, ON. Samples were analyzed by ICP-AES afterwards a four-acid digestion.
In addition, an appliance for an Assay Permit for conduct on the Argent Eagle mining charter has been submitted to the Ontario Ministry of Northern Development and Mines. A assignment affairs of 4-6 holes (total 1000m) is planned for the Fall of 2018.
Acquisition of Cliff Lake Properties
The Cliff Lake acreage consists of 73 affirmation units absolute about 1460 hectares of awful -to-be cartography for cobalt, copper, and argent mineralization.
The aggregation has agreed to pay the sum of $200,000 for the claims. The Vendor shall absorb a 2.5% net smelter ability on the acclaimed claims. the client may buyout 1.5% of this ability at any time during a bristles (5) year aeon assembly for the sum of $1,000,000.
Chris M. Healey, P. Geo, Vice President Assay and Director of Azure Power Group is the able being amenable for the abstruse agreeable of this release, and consents to its dissemination.
About Azure Power Group Inc.
Cobalt Power Group Inc. is a about traded Canadian assay aggregation listed on the TSX-Venture Exchange and U.S. Pink Sheets (TSXV CPO, OTC Pink: CBBWF) focused on azure assay and development. The Aggregation has fabricated a alternation of cardinal acreage acquisitions over the accomplished two years gluttonous azure mineralization abreast Cobalt, Ontario, a arena with a continued history of argent and associated azure production, and now in the Athabasca basin of Saskatchewan. Acreage backing absolute about 21,382 hectares (52,836 acres) in abutting and cardinal affirmation blocks. There are several celebrated mining operations on the backdrop that are potentially accessible, including the Smith Azure shaft and its underground workings.
The TSX Venture Exchange Inc. has in no way anesthetized aloft the claim of the proposed transaction and has neither accustomed nor banned the capacity of this columnist release.
We seek safe harbor.
Forward Looking Information
Cautionary Note Regarding Forward-Looking Statements
This account absolution may accommodate advanced statements and advanced advice (together, “forward-looking statements”) aural the acceptation of applicative balance laws and the United States Private Balance Litigation Reform Act of 1995. All statements, added than statements of absolute facts, are advanced statements. Generally, advanced statements can be articular by the use of analogue such as “plans”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that assertive actions, contest or after-effects “may”, “could”, “would”, “might”, “occur” or “be achieved”. Advanced statements absorb risks, uncertainties and added factors that could account absolute results, achievement and opportunities to alter materially from those adumbrated by such advanced statements. In particular, advanced advice included in this account absolution includes, after limitation, the advancing closing date of the Transaction, the cancellation of final cloister approval and added authoritative approvals. Factors that could account absolute after-effects to alter materially from these advanced statements are set alternating in the administration altercation and assay and added disclosures of accident factors for anniversary of Azure Power Group Inc., filed on SEDAR at www.sedar.com. Although Azure Power Group Inc. accept that the advice and assumptions acclimated in advancing the advanced statements are reasonable, disproportionate affirmation should not be placed on these statements, which alone administer as of the date of this account release, and no affirmation can be accustomed that such contest will action in the appear times frames or at all. Except area appropriate by applicative law, Azure Power Group Inc. abandon any ambition or obligation to amend or alter any advanced statement, whether as a aftereffect of new information, approaching contest or otherwise.
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SOURCE Azure Power Group Inc
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