investsen
3 years ago
next 8-K filed on 25th October
Item 1.01. Entry into a Material Definitive Agreement
Item 8.01 Other Items
Blox Inc and Ashanti Sankofa Inc to acquire Grumesa project with 931,541 ounces of Gold in Ghana.
In accordance with the Strategic Alliance Agreement of 2018 between Blox Inc and Ashanti Sankofa Inc (ASI), ASI has elected to be involved with this project, and has assumed primary responsibility to prepare the feasibility study for submission for a mining license.
Blox Inc is pleased to announce that it has signed an agreement to acquire the Exploration Licence for the Grumesa Project in Ghana. The concession has a 43-101 report dated September 2010 showing a total of 931,541 ounces Au, comprising 569,492 ounces Au indicated and 362,049 ounces Au inferred.
“This is an exciting project for us, and we look forward to working with ASI as the project unfolds” said Chairman Tony Pickett. “Our philosophy is to reduce our carbon footprint wherever possible and feasible, and to work towards zero carbon emissions inside the mine gate”.
The Agreement is subject to the Minerals Commission and the Minister of Lands and Natural Resources giving their consent for the transfer of the concession to Blox, Inc normal course of business this transaction may take several months to close.
The Property and Location
The Grumesa Project (Project) is in Ghana, West Africa, and is situated approximately 50km to the south of the regional town of Obuasi and 350km northwest of the capital city of Accra. The Grumesa Project area consists of the Grumesa-Awisam Prospecting license (PL2-30)
which is comprised of two discontiguous blocks with a combined area of 37.8km2.
The larger Grumesa Block has an area of 34.3km2 while the smaller Awisam Block has an area of 3.5km2. The license is wholly owned by Perseus Mining Limited (Perseus).
Geology and Mineralisation
The Project area is situated within a sequence of Lower Proterozoic Birimian (2.17 to 2.18Ga) coeval meta-volcanic, metasedimentary (basin) rocks and Tarkwaian (back arc) epiclastics, on the eastern flank of the Ashanti Belt.
Gold mineralisation at the Project occurs primarily within an inter-bedded sequence of coarse clastic conglomerates, sandstones and siltstones of the Kayeya Conglomerate unit which forms part of the Lower Proterozoic Birimian to upper Tarkwaian stratigraphy.
43-101 Report recommendations
The Project is prospective for the discovery of additional resources and further exploration targeting extensions to existing mineral resources as well as the discovery of additional zones. Subsequent work on exploration at the Project and the evaluation of existing mineral resources should include the following:
? Deeper infill drilling to better target depth extensions to mineralised zones as most of the drilling has been confined to a depth of 60m.
? Further investigation should be made into the structural/lithological controls on the mineralisation to accurately target higher grade mineralised zones.
? Completion of pit optimisation studies to assess the economic viability of the Project as a low cost, low grade, high tonnage deposit.
? A comprehensive bulk density sampling program across the extent of the project area to better define density values for each lithological domain.
It is envisaged the project will produce at circa 30-50k ounces per annum for more than ten years at low cost. Further information shall be announced as the geological team accesses the full potential and preferred way forward to develop the project.
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 25, 2021
Blox, Inc.
carolina_rn
3 years ago
Classified in: Science and technology Subjects: Contract/Agreement, Product/Service, Merger/Acquisition
Lukka Acquires Blox Finance, Crypto Accounting and Infrastructure Business Lukka, the leading enterprise crypto asset data and software provider, announced that it has acquired Blox Finance, the Cryptocurrency Accounting, Tracking and Management Software subsidiary of Blox, ETH staking and decentralized infrastructure provider. Lukka has acquired Blox's Crypto Accounting and Financial Data Management Software business, including Blox blockchain node infrastructure and intellectual property. The deal expands Lukka's footprint of data management software and increases the firm's coverage in addition to and adding more redundancy to existing data sets enabling more advanced risk processes that will support Lukka's well established institutional customer base. The acquired assets will be brought under Lukka's institutional-grade, AICPA SOC 1 Type II and SOC 2 Type II infrastructure meeting the highest institutional standards. "The acquisition of Blox Finance and its node infrastructure is a natural fit for Lukka, adding to our expansive crypto data management capabilities and blockchain coverage," said Robert Materazzi, Lukka's CEO. "This acquisition marks an exciting milestone that will help accelerate keeping pace with our customers' innovation rate as they trade across the many new crypto financial products. The Blox team has been incredible to collaborate with and we are excited to explore other opportunities as well going forward." "We could not have wished for a better company to take over the Blox Finance product suite and blockchain infrastructure services. Lukka's acquisition allows us to handover our tech and expertise to a leader in the space". Said Alon Muroch, Blox's CEO. "We have no doubt that Lukka will put our infrastructure to good use, and continue providing best-in-class Crypto back office solutions. Blox will shift its focus on developing decentralized ETH staking solutions and building the Secret-Shared-Validator network." The acceleration of institutional demand for reporting that touches both on-chain and off-chain data sources, like staking and Decentralized Finance (DeFi), continues to drive significant transaction volumes across the ecosystem while creating complexities in the middle and back-offices of businesses. Increased regulatory scrutiny and maturation of crypto-business processes will require firms to adopt institutional-grade data and software solutions to support the rapid need for accounting, reconciliation, and reporting capabilities for crypto assets. Lukka will continue to grow its on-chain services to meet the needs of its institutional customer base. Their customers rely on institutional-grade technology infrastructure with a breadth of coverage across blockchains, exchanges, wallets, and other venues and data sources. The acquisition will also allow the company to drastically expand data offerings for their enterprise data customers. *** Lukka CEO, Robert Materazzi, and Blox CEO, Alon Muroch, are available for interviews. Please contact lukka@wachsman.com. About Lukka Founded in 2014, Lukka serves the largest crypto asset institutions with middle and back office data & software solutions. Lukka solves the very unique complexities of crypto (and blockchain) data for businesses so that they can adopt digital assets into their businesses. Its customers include Crypto Asset Exchanges and Trading Desks, CPA & Accounting Firms, Funds, Fund Administrators, Fund Auditors, and Financial Auditors, Miners, Protocols, individuals and any business that interacts with crypto transactions. All of Lukka's products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology risk. Lukka is a global company, currently headquartered in New York City. For information about Lukka, visit https://lukka.tech/. About Blox Finance Founded in 2017, Blox is a crypto accounting and bookkeeping platform that empowers crypto professionals and companies who rely on blockchain data for their business activities. Having integrated data feeds from leading blockchains and exchanges in the industry, blox has turned into a leader in scalable blockchain queries for large-scale companies. The ability to provide accurate, real-time status of all assets and transaction records, across different blockchains is what sets our service apart. Blox enables an automatic sync for wallets and exchange accounts into a single platform, providing a complete view of balances, transactions and asset allocation. Our services include transaction classification, reporting, monitoring, collaborative workspaces and more. These press releases may also interest you at 14:17 Sin City Unveils its Ecosystem Development Partners Following the successful launch of the Sin City Metaverse project at the GITEX Global future blockchain summit currently ongoing in Dubai, the blockchain community has been left in awe with so many investors attempting to figure out which ventures... at 14:15 /C O R R E C T I O N -- HeyMama/ In the news release, Katie Couric and Whitney Port to Speak at the 2021 HeyMama Summit, issued 20-Oct-2021 by HeyMama over PR Newswire, we are advised by the company that the thrid paragraph, first sentence, should read "We've all felt, to varying... at 14:13 CEO Transfers 100% Ownership of Company to Employees Through ESOP ROI Communication Inc. has announced that its employees are now the owners of the award-winning consulting firm through an Employee Stock Ownership Plan (ESOP). The transition to employee ownership by the 20-year-old San Francisco Bay Area agency... at 14:05 Conviva Announces Streaming Platform Expansion Solving Audience Measurement Challenges Globally Conviva, the continuous measurement platform for streaming media, today announces the availability of its technology and real-time data to enable end-to-end advertising audience measurement for its publisher customers and their ecosystem partners.... at 14:01 NASA Challenges Students to Design Moon-Digging Robots NASA seeks young engineers to help design a new robot concept for an excavation mission on the Moon. The Lunabotics Junior Contest is open to K-12 students in U.S. public and private schools, as well as home-schoolers.... at 14:00 Media Buying Agencies and Representative Firms Global Market Report 2021 Market to grow and reach $75.16 Billion in 2025 according to the "Media Buying Agencies and Representative Firms Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. This report... More news about Science and technology... News published on 20 october 2021 at 09:10 and distributed by:
Read more at: https://www.lelezard.com/en/news-20056463.html
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Renee
6 months ago
Elcappy1
1 year ago
stockstobuy
2 years ago
ColetonM
2 years ago
Hot Features
Premium
