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Winshear Gold Discovers Multiple Mineralized Zones Within a 250m Wide Shear Zone in First Field Campaign at Its Gaban Gold Project, Peru

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VANCOUVER, British Columbia, Jan. 20, 2020 — Winshear Gold Corp. (“Winshear Gold” or the “Company”) (TSX-V: WINS) reports its first sampling results from the Gaban Gold Project located in the Puno Orogenic Gold Belt (“POGB”) in south-eastern Peru.

Winshear is conducting exploration to locate the hard-rock source of alluvial gold in the Yanamayo and Piquitiri rivers, which drain into the Madre de Dios basin. In 2018, a heli-borne geophysical survey was flown over Gaban as part of a systematic exploration program that outlined regional structures with the potential to host gold mineralization. To date five shear zones have been identified on the property.

The Company acquired the property in September 2019, and completed its first field campaign in October 2019, with the goal of identifying the most prospective sections of these newly identified structures. A second campaign was conducted in November / December 2019 and will be reported as results are received.

Key Points

  • First field programme conducted by Winshear Gold focused on the Coritiri stream sediment anomaly.
  • 81 channel samples of bedrock (1.0-2.5m in length) were collected;
    • 17 samples returned 0.1g/t – 0.49 g/t Au
    • 6 samples returned 0.5 g/t – 0.99 g/t Au
    • 7 samples returned 1.0 g/t – 4.99 g/t Au
    • 2 samples returned 5.0 g/t – 9.99 g/t Au
    • 1 sample assayed 15.75 g/t Au
  • Highlights include 15.75g/t Au over 1m, 5.72g/t Au over 1.5m, 3.57g/t Au over 2.5m, and 5.7g/t Au over 1m.
  • The mineralized area correlates strongly with an east-southeast trending geophysical target that is open to the east southeast and west northwest.
  • Samples were collected from sheared sedimentary rocks, typically siltstones and shales / slates, with varying amounts of quartz veining.  The sediments are identified as belonging to the Ordovician San Jose Group.  Quartz veins vary in thickness from 1mm up to 80cm in width.
  • Up to 3% sulphides (pyrite and arsenopyrite) are associated with the quartz veins
  • The geology in the target area correlates well with other known deposits in the POGB including the Ollachea Project 40 km to the SW.
  • Numerous old prospect adits were discovered in the area, some of which were up to 15m long.

Winshear Gold CEO, Richard Williams, commented “This is a great start to our work at Gaban.  The initial attraction of the project was the presence of anomalous gold-in-stream-sediment anomalies over a 5km- section of the Yanamayo creek (Map 4) in an area that has had very little historic exploration. These anomalies are located in a geological terrain that is quite similar to the nearby Ollachea Project in the POGB, which contains an estimated 1 million oz of reserves in a definitive feasibility study. It also is upstream from the 700km2 Madre de Dios alluvial gold fields that support several tens of thousands of artisanal miners. The discovery of a 250m wide shear zone hosting gold mineralization at Gaban is very encouraging.”

The Ollachea Project’s Feasibility Study dated November 29, 2012, is authored by AMEC Australia Pty (Ltd). The Probable Mineral Reserve is 9.3Mt grading 3.4g/t Au. The full report can be found on Minera’s website and Sedar.

It should be noted that the similarity of Gaban’s geology to the Ollachea gold deposit does not mean that the Gaban Gold Project will yield similar success.

Gaban Project Overview

Map 1 shows the location of the of the NW-SE trending POGB, located within the north part of the Puno Region. The Gaban Gold Project is located at the northwesternmost part of the POGB and is bisected by the Interoceanic Highway that runs from Juliaca to the south via the towns of Ollachea and Gaban through Puerto Maldonado into Brazil. The project is also close to the San Gaban hydroelectric power station, which supplies power to the region.

Map 2 shows the geological setting of the POGB. The Gaban project lies within a regional anticline comprising the San Jose Group of Ordovician sedimentary rocks (siltstones and bituminous shales), which has been cut by Devonian and Permian aged granitic and intermediate intrusions.

The Coritiri Target

Map 3 shows the total magnetic field intensity results from the 2018 heli-borne geophysical survey over the Gaban property. The Coritiri Target was defined by interpretation magnetic high with coincident deformation and subsequent exploration by Winshear has initially focused on this area.

Map 4 shows the results of the 2019 stream sediment sampling program with numerous anomalous values obtained along the Yanamayo river as it crosses the geophysical target area.

Map 5 shows the locations of all channel samples taken within the target area grading over 0.5g/t Au within the 250m wide zone of shearing and deformation. Quartz veins trend in a south east direction and dip to the southwest at approximately 40o.

Next Steps

A second field programme of channel sampling was completed in November / December 2019. Results are pending. 

The Company has engaged a local Peruvian company to advise on advancing the Coritiri target through the drill permitting process with the goal of obtaining permits and completing an initial drill program in the 2020 field season.

William McGuinty P. Geo. of OTD Exploration Services Inc. and a Qualified Person as designated by NI 43-101, has reviewed and approved the contents of this news release. Mr. McGuinty has visited Winshear’s Gaban exploration project and reviewed sampling methods and quality assurance / quality control (QA/QC) programs for the project. Samples from this exploration campaign were submitted to the laboratory in Peru with the inclusion of internal QA/QC standards, duplicates and blanks. Samples were assayed at the CERTIMIN SA Laboratory in Lima, Peru using a 30 gram fire assay charge with an AA finish.

About Winshear Gold Corp

In 2019 Winshear Gold Corp. acquired two exploration projects in Peru from Palamina Corp (TSX-V: PA); the Gaban Gold Project, an orogenic shear zone hosted gold project in the Puno region, SE Peru, and; the Tinka IOCG project near Ica in southern Peru. 

The Company, formerly Helio Resource Corp., is also pursuing its rights to the SMP Gold Project in Tanzania. The Company was active in Tanzania since 2006, exploring and developing the SMP Gold Project. In 2017 the Tanzanian government changed the Mining Act whereby the Retention Licence classification, under which the SMP project was held, was abolished. In December 2019 the Tanzanian Government issued a Notice to Tender whereby new investors could bid for projects formerly held under Retention Licence. Winshear has served a Notice of Intent to submit a claim to arbitration under the Canada-Tanzania agreement for the Promotion and Reciprocal Protection of Investments (see Winshear news release dated January 10, 2020).

For more information please contact Irene Dorsman on (604) 210-8751 or by e-mail at [email protected]

ON BEHALF OF THE BOARD OF DIRECTORS

“Richard D. Williams” Richard D. Williams, P.Geo

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.

Statements Regarding Forward-Looking Information

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as “estimates”, “intends”, “expects”, “believes”, “may”, “will”, “probable”, “potential”, “indicated”, “inferred” and include, without limitation, statements regarding the company’s plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures, and the security of future tenure of licenses to explore, develop and mine. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the direct control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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Suncity Group Named Title Sponsor for Local Arts Events

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Fully Supports Macau’s Cultural Industry and the Recovery of Macau

 

MACAU, CHINA – Media OutReach – 20 September 2020 – To revitalize the development of Macau’s cultural industry, Suncity Group fully supports the local arts event, rooting for Macau citizens and local artists through series of astonishing and diversified music entertaining events. ‘Suncity Group Rooting for Macau – SIM! Music Festival 2020’ is the first musical performance of series events title sponsored by Suncity Group, ended perfectly at the Cotai Arena, Venetian Macau on September 19.

[View Image]

Maria Helena de Senna Fernandes, Director of Macau Government Tourist Office, Mr. Kevin Ho, Macau Deputy to the National People’s Congress of PRC, Mr. Alvin Chau, Chief Executive Officer and Director of Suncity Group and President of Macau Artistes Association, Dr. Wilfred Wong, President and Executive Director of Sands China Ltd. attended the event 

‘Best Performance Award’ was awarded to Classic heritage- The Final Trigger by Mr. Alvin Chau

[View Image]

Local singers, artists, dancers and more than 200 people from the industry were assembled to organise this music festival

 

With the purpose of ‘reigniting the local performing arts power’, a group of outstanding local singers, artists, dancers and more than 200 people from the industry were assembled to organise this music festival. A total of 12 units did their utmost to compete in the same stage with singing and dancing. There was no cessation to the excitement and the symphony of applause and cheers in the whole night.

 

The organisers have specially invited Mr. Kevin Ho, Macau Deputy to the National People’s Congress of PRC, Dr. Wilfred Wong, President and Executive Director of Sands China Ltd., Mr. Alvin Chau, Chief Executive Officer and Director of Suncity Group and President of Macau Artistes Association to serve as adjudicators and presenters, witnessing and supporting this diversified music festival that belongs to Macau with the other officiating guests. It shot in the arm of Macau’s cultural industry which has been gradually recovering after the pandemic. After a series of stiff competitions and wonderful performances by the participating units, the ‘Best Styling Award’ went to Walk with Scamper, the ‘Best Teamwork Award’ was awarded to Girls Rock, the ‘Best Positive Energy’ was given to Bacalhau Talkshow & Band, and finally the ‘Best Performance Award’ was awarded to Classic heritage- The Final Trigger by Mr. Alvin Chau.

 

Mr. Chau said, ‘2020 is the year full of difficulties. With the impact of the pandemic, performing arts and cultural industries in mainland China and Macau have been hard hit. Most of the large-scale musical performances have also been suspended. “Suncity Group Rooting for Macau – SIM! Music Festival 2020” as the first music festival of this year, it undoubtedly brings more positive energy to Macau society as well as the cultural industry, pro-actively supporting the development of Macau’s industrial diversification.’

 

As the first extraordinary music feast of series events ended, ‘Suncity Group Rooting for Macau – SIM! Full Band festival 2020’, also title sponsored by Suncity Group, comes immediately thereafter and will be held on September 26. 13 teams of local rock bands will spare no effort to inspire local Macau citizens and awaken their rocking soul. There are also DJ performances, cold beer and snacks at that night, creating a diversified and dynamic rock music festival with hyper performances and mouth-watering delicacies. It once again roots for the recovery of Macau’s economy.

 

As an enterprise rooted in Macau, Suncity Group is committed to the motherland and Macau. With actively fulfilling its social responsibilities, the Group strives to support the recovery of cultural industry in mainland China and Macau as well as the diversified development of Macau in cooperating to national policies and long-term development of China. Through the title sponsorship of the series arts events, Suncity Group hopes to bring more positive energy and get the uptick of confidence to the Macau society.

 

High-resolution images can be downloaded in the gallery:

https://dropbox.suncity-group.com/url/0919sim

About Suncity Group

Suncity Group was founded in 2007. Since establishment, Suncity Group has been striving to provide the extraordinary VIP entertainment service for our guests, and we then opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business. Meanwhile, we successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.

 

Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group spared no effort to develop high-end entertainment services and products as well as roll out global VIP loyalty program for the selected members to enjoy entertainment, travel, catering services, luxury shopping and motion picture. Today, the scope of our business covers most sectors, especially in the fields of global travel, film production, concert and event planning, catering and luxury goods.

 

As a Macau born and bred enterprise, Suncity Group is not only devoted to develop the Asian market, but also oriented to expand the global network. In the future, we will surely continue to diversify our VIP entertainment services, attract more exclusive members and make every effort to promote our business in every corner of the world.

 

Official Website | www.suncitygroup.com.mo/en

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CNOOC Limited Announces Commencement of Production at Liuhua 16-2 Oilfield / 20-2 Oilfield Joint Development Project

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HONG KONG, Sept. 20, 2020 /PRNewswire/ — CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that Liuhua 16-2 oilfield/ 20-2 oilfield joint development project has commenced production.

Liuhua 16-2 oilfield / 20-2 oilfield joint development project is located in Eastern South China Sea. The average water depth of the joint development project is approximately 410 meters.  One 150,000 DWT FPSO and three underwater production systems are newly built. A total of 26 development wells are planned to be put into production and development. The project is expected to reach its peak production of approximately 72,800 barrels of crude oil per day in 2022.

CNOOC Limited holds 100% interest of Liuhua 16-2 oilfield/ 20-2 oilfield joint development project.

– End –

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

*** *** *** ***

This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company’s expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, macro-political and economic factors, changes in the tax and fiscal regimes of the host countries in which we operate, the highly competitive nature of the oil and natural gas industry, the exploration and development activities, mergers, acquisitions and divestments activities, environmental responsibility and compliance requirements, foreign operations and cyber system attacks.  For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Jing Liu
Manager, Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-3404
Fax: +86-10-8452-1441
E-mail: [email protected]

Ms. Ada Leung 
Hill+Knowlton Strategies Asia
Tel: +852-2894-6225
Fax: +852-2576-1990
E-mail: [email protected]

Photo – https://photos.prnasia.com/prnh/20200911/2914374-1LOGO?lang=0

 

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RETRANSMISSION – MEDIA AVAILABILITY: CN Police officers available for media interviews during Rail Safety Week

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HOMEWOOD, Ill., Sept. 20, 2020 — CN (TSX: CNR) (NYSE: CNI) is offering members of the media the opportunity to talk with uniformed police officers during Rail Safety Week, from September 21-27, about the importance of rail safety at crossings and the dangers of trespassing.

Members of the CN Police Service will be available for media interviews throughout the week. Providing that social distancing be respected or in a virtual manner, we invite media outlets to contact CN to arrange onsite, in studio or on air interviews. The CN media relations team is also happy to offer visual elements for on camera interviews.

CN will mark Rail Safety Week with a public awareness campaign aimed at reducing the number of collisions and trespassing-related accidents. Throughout the week, CN Police will conduct safety initiatives at commuter stations and railway crossings reminding commuters and motorists about the importance of safety at crossings and the deadly risks of trespassing on railway tracks and property.

Media Contact: Mathieu Gaudreault Senior Advisor Public Affairs and Media Relations (514) 249-4735 [email protected]

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