DLA

Robert Humphreys has been the CEO of Delta Apparel, Inc. ( NYSEMKT:DLA ) since 1999, and this article will examine the...

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Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear and lifestyle apparel products, today announced preliminary sales results for its 2021 fiscal first quarter ended January 2, 2021.

Delta Apparel, Inc. will participate virtually in the 23rd Annual ICR Conference on Tuesday, January 12, 2021

Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear and lifestyle apparel products, announced today that it will participate virtually in the 23rd Annual ICR Conference. The Company will host a fireside chat on Tuesday, January 12, 2021 at 12:30 p.m. Eastern Time and will be available during the conference for other discussions with investors. A webcast of the fireside chat will be available on Delta Apparel's website at www.deltaapparelinc.com. Real Player or Windows Media Player is required to listen to the webcast.

OTTAWA, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce that Newcrest International Pty Limited (“Newcrest”), a subsidiary of Newcrest Mining Limited (ASX, TSX: NCM)), having completed its initial minimum work commitment of US$1.1 million at the Miocene gold-copper project in Chile (the “Project”), has elected to exercise its option to advance to Stage 1 under the Farm-in Agreement between them dated December 7, 2018 (see Cornerstone news release dated December 10, 2018). In connection with this option exercise, Newcrest will be making a payment of US$500,000 to Cornerstone (see Miocene Farm-in Agreement Terms, below).Due to the COVID -19 pandemic, drilling has been deferred and is now planned in the next austral summer season between December 2021 and April 2022.Figures referred to in this news release can be seen in PDF format by accessing the version of this release on the Company’s website (www.cornerstoneresources.com) or by clicking on the link below: https://cornerstoneresources.com/site/assets/files/5790/nr20-38figures.pdf.Miocene Farm-in Agreement Terms (all $ are US$) * Newcrest has the option to earn up to a 75% interest in the Project in stages, as follows: * Initial option period: making an up-front payment to Cornerstone of $100,000 (paid), and spending a minimum of $1.1 million (completed); * Stage 1 (4 years): paying $500,000 to Cornerstone and spending a further $8 million (with a minimum of $500,000 in each year to maintain the option) to earn a 51% interest in the Project (49% if Newcrest does not proceed with Stage 2) (such interest to be held through shares in a newly incorporated Chilean company); * Stage 2 (2 years): paying $650,000 to Cornerstone and completing a positive Preliminary Economic Assessment in accordance with National Instrument 43-101 on any target area in the Project, to increase its interest in the Project to 65% (Newcrest may extend Stage 2 to 3 years by paying Cornerstone $250,000); and * Stage 3 (2 years): incurring expenditures of $100 million or completing a bankable feasibility study (BFS), whichever occurs first, to increase its interest in the Project to 75% (Newcrest may extend Stage 3 by up to an additional 2 years by paying $500,000 to Cornerstone for each 1 year extension). * If Newcrest earns a 75% interest, Cornerstone will have the option for 90 days to convert 5% (1/5th) of its 25% project equity into a 1% net smelter returns (NSR) royalty. Newcrest will have the right to buy down the royalty to 0.5% NSR at fair market value after delivery of the BFS. * Cornerstone’s has a carried interest until the earlier of the following: the end of Stage 3; if Newcrest fails to complete Stage 1; or if Newcrest fails to proceed with or complete Stage 2 or 3. Cornerstone’s carried interest is not repayable out of project cash flows or otherwise. * Once Cornerstone’s carried interest ends, the parties will be required to contribute pro rata or have their participating interest adjusted according to a formula. * Newcrest will receive a 5% management fee during Stages 1, 2 and 3. About MioceneThe Miocene project is located in the Regions of Atacama and Antofagasta of northern Chile (Figure 1), and is targeting epithermal gold-silver and porphyry gold-copper deposits along the interpreted northern extension of the Maricunga magmatic belt which hosts several world-class gold deposits. The Miocene claims were selected using a proprietary data base licensed exclusively to Cornerstone, and offer excellent potential for discovery. Significant epithermal mineralization has been discovered on neighboring properties along strike to the west of the Miocene property.Exploration work carried out by Cornerstone previous to the agreement with Newcrest has consisted largely of geochemistry work (both soil and rock sampling), a ground magnetic survey, prospecting, geological mapping and spectrometry work to define and prioritize exploration targets to be drill-tested. Geology work shows two sub-parallel NW-SE oriented altered / anomalous regional trends affecting the volcanic units. Alteration minerals (native sulphur, alunite, vuggy and massive silica and some silica-clay in the peripheral parts) and 3D distribution patterns along this trend are typical of high sulphidation epithermal systems. Altered and geochemically anomalous areas up to 9km by 3km in size have never been trenched nor drill tested (Figure 2).Following the signing of the farm-in agreement, Newcrest carried out detailed geochem sampling (69 rock and 272 soil samples), 1:5,000 geological mapping, 6 E-W oriented CSAMT (Controlled Source Audio-frequency Magneto-Tellurics) geophysical survey lines, data integration and modelling to define a Phase 1 drilling program to test highest priority targets. Results are shown on Figures 2, 3, 4, and 5.Qualified Person:Yvan Crepeau, MBA, P.Geo., Cornerstone’s Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Miocene project for Cornerstone and has reviewed and approved the information contained in this news release.About Newcrest:Newcrest is one of the largest gold mining companies in the world, operating mines in Australia, Papua New Guinea, and Canada. Newcrest is also partnering with Cornerstone on the Caña Brava project in Ecuador (see Cornerstone news release dated April 22, 2019).About CornerstoneCornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including a Strategic Exploration Alliance with Ecuador’s state mining company Enami EP, and the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 21.4% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 7.5% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadorian company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:Investor Relations: Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.aspCautionary Notice: This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements. On Behalf of the Board, Brooke Macdonald President and CEONeither 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.

OTTAWA, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce the following update on its Cascabel copper-gold porphyry joint venture project in northern Ecuador in which Cornerstone has a 15% interest1 financed through to completion of a feasibility study plus 7.5% of the shares of joint venture partner and project operator SolGold Plc, for a total direct and indirect interest in Cascabel of 21.4%. HIGHLIGHTS: * Drilling at the Tandayama-America Porphyry Copper-Gold Target at Cascabel is currently intersecting intense visible chalcopyrite2 copper sulphide mineralization within a quartz-diorite intrusion. * The mineralization intersected at Tandayama-America is very similar to the “QD10” quartz-diorite source intrusion at the Alpala deposit on Cascabel 3km to the south. At Alpala, the QD10 source intrusion is almost wholly responsible for the presence of the high-grade core of the deposit which boasts 442 Mt at 1.40% CuEq3. * Rig 5 is drilling the first hole at Tandayama-America, TAD-20-001, and is at a current depth of 595m. Drilling initially intersected visible chalcopyrite copper sulphide mineralization from 55m depth, with significant increase in chalcopyrite abundance occurring from 327m. At 524.5m depth, drilling passed into a zone of intense visible chalcopyrite copper sulphide mineralization within a quartz-diorite intrusion. * Detailed core logging across the quartz-diorite intrusion intersected so far in TAD-20-001 estimates chalcopyrite percentages of up to 4 % by volume with associated porphyry style total quartz vein abundance of up to a measured 35 % by volume. * The Tandayama-America target characterized by coincident Cu-Mo-Au soil geochemical highs centred upon outcropping mineralization in Tandayama and America creeks, which remained untested previously due to the high demand of drilling rigs at the Alpala Deposit. Figures referenced in this release can be viewed in PDF format on the Company’s website (www.cornerstoneresources.com) or through the direct link: https://cornerstoneresources.com/site/assets/files/5789/nr20-37figures.pdfSolGold CEO, Nick Mather, commented on today’s update at Cascabel:“This discovery will impact significantly on the upside for the Alpala development. We will have to carefully assess the impact on currently planned site infrastructure, however it is a high-quality problem. More copper and gold discoveries will add to Alpala’s already impressive credentials in a robust copper and gold market and a supportive nation. The quartz diorite host with close similarities to the richly endowed QD10 at Alpala is indeed an encouraging element.”FURTHER INFORMATION:The Alpala Deposit is located on the Cascabel property within the Imbabura province of northern Ecuador, approximately 100 km north of the capital city of Quito and approximately 50 km north-northwest of the provincial capital, Ibarra. The Alpala Deposit occurs upon the northern section of the prolific Andean Copper belt, renowned as the base for nearly half of the world’s copper production. The project area hosts mineralization of Eocene age, the same age as numerous Tier 1 deposits along the Andean Copper Belt in Chile and Peru to the south. The project is a three-hour drive north of Quito, close to water, power supply and Pacific ports (Figure 1).Drilling targets within the Cascabel concession comprise a cluster of Eocene aged porphyry deposits and prospects which include: * The Alpala deposit, incorporating several targets defined along The Greater Alpala Trend including Alpala Central, Alpala NW, Trivinio, Alpala Western Limb, Alpala SE, and Alpala South), * The Aguinaga Porphyry Copper-Gold prospect, * The Chinambicito and Parambas porphyry Copper-Gold prospects, and * Untested porphyry targets at Tandayama-America, Moran and Upper Moran (Figure 2).Drilling is underway at the Tandayama-America Porphyry Copper-Gold Target, Cascabel utilizing diamond drill rigs 5 and 6 of the Cascabel fleet, as part of the ongoing Cascabel Feasibility Sterilization Program (Figure 3).Selected examples in mineralization intersected so far within the quartz-diorite intrusion in TAD-20-001 are shown on Figures 4 and 5.The Tandayama-America target is considered a high-quality porphyry target characterized by coincident Cu, Mo, Au, CuZn ratio, and MoMn ratio soil geochemical highs centred upon outcropping mineralization in Tandayama and America creeks (Figure 6).Rock-saw channel sampling over surface exposure in Tandayama Creek returned a significant assay result of 37m @ 0.25%CuEq (0.15% Cu, 0.18 g/t Au), where B-type porphyry quartz veins hosting chalcopyrite mineralization were discovered at surface (Figure 7).The Tandayama-America target remained untested previously due to the high demand of drilling rigs at the Alpala Deposit.Quality Assurance / Quality Control on Sample Collection, Security and AssayingExploraciones Novomining S.A. (“ENSA”), the Ecuadorian company owned by SolGold and Cornerstone that holds 100% of the Cascabel concession operates according to SolGold’s Quality Assurance and Quality Control (QA/QC) protocol, which is consistent with industry best practices.Primary sample collection involves secure transport from the Cascabel concession to the ALS certified sample preparation facility in Quito, Ecuador. Samples are then air freighted from Quito to the ALS certified laboratory in Lima, Peru where the assaying of drill core, channel samples, rock chips and soil samples is undertaken. SolGold utilizes ALS certified laboratories in Canada and Australia for the analysis of metallurgical samples.Samples are prepared and analyzed using 100g 4-Acid digest ICP with MS finish for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is routinely monitored using umpire assays, check batches and inter-laboratory comparisons between ALS certified laboratory in Lima and the ACME certified laboratory in Cuenca, Ecuador.In order to monitor the ongoing quality of its analytical database, SolGold’s QA/QC protocol encompasses standard sampling methodologies, including the insertion of certified powder blanks, coarse chip blanks, standards, pulp duplicates and field duplicates. The blanks and standards are Certified Reference Materials supplied by Ore Research and Exploration, Australia.SolGold’s QA/QC protocol also monitors the ongoing quality of its analytical database. The Company’s protocol involves Independent data validation of the digital analytical database including search for sample overlaps, duplicate or absent samples as well as anomalous assay and survey results. These are routinely performed ahead of Mineral Resource Estimates and Feasibility Studies. No material QA/QC issues have been identified with respect to sample collection, security and assaying.Reviews of the sample preparation, chain of custody, data security procedures and assaying methods used by SolGold confirm that they are consistent with industry best practices and all results stated in this announcement have passed SolGold’s QA/QC protocol.The data aggregation method for calculating Copper Equivalent (CuEq) for down-hole drilling intercepts and rock-saw channel sampling intervals are reported using copper equivalent (CuEq) cut-off grades with up to 10m internal dilution, excluding bridging to a single sample and with minimum intersection length of 50m.Copper Equivalent is currently calculated (assuming 100% recovery of copper and gold) using a Gold Conversion Factor of 0.751 (CuEq = Cu + Au x 0.751), calculated from a current nominal copper price of US$3.30/lb and a gold price of US$1700/oz.True widths of downhole intersections are not well constrained. Drill hole one was inclined -55 degrees towards the east, and the interpreted trend of the Cacharposa Intrusive Complex and its associated porphyry copper-gold mineralization is subvertical, dipping approximately 85-90 degrees to the west. The true width of down-hole intersections reported are therefore expected to be approximately 55-60% of the down-hole lengths.Qualified PersonInformation in this report relating to the exploration results is based on data reviewed and approved by Mr. Jason Ward ((CP) B.Sc. Geol.), the Chief Geologist of joint venture partner and project operator SolGold. Mr. Ward is a Fellow of the Australasian Institute of Mining and Metallurgy, holds the designation FAusIMM (CP), has in excess of 20 years’ experience in mineral exploration and is a Qualified Person in accordance with National Instrument 43-101. Mr. Ward consents to the inclusion of the information in the form and content in which it appears.Yvan Crepeau, MBA, P.Geo., Cornerstone's Vice President, Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Cascabel project for Cornerstone and has reviewed and approved the information contained in this news release.About CornerstoneCornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 21.4% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project financed through to completion of a feasibility study and repayable at Libor plus 2% out of 90% of its share of the earnings or dividends from an operation at Cascabel, plus (ii) an indirect interest comprised of 7.5% of the shares of joint venture partner and project operator SolGold Plc. Exploraciones Novomining S.A. (“ENSA”), an Ecuadoran company owned by SolGold and Cornerstone, holds 100% of the Cascabel concession. Subject to the satisfaction of certain conditions, including SolGold’s fully funding the project through to feasibility, SolGold Plc will own 85% of the equity of ENSA and Cornerstone will own the remaining 15% of ENSA.Further information is available on Cornerstone’s website: www.cornerstoneresources.com and on Twitter. For investor, corporate or media inquiries, please contact ir@cornerstoneresources.ca, or:Investor Relations: Mario Drolet; Email: Mario@mi3.ca; Tel. (514) 904-1333Due to anti-spam laws, many shareholders and others who were previously signed up to receive email updates and who are no longer receiving them may need to re-subscribe at http://www.cornerstoneresources.com/s/InformationRequest.aspCautionary Notice: This news release may contain ‘Forward-Looking Statements’ that involve risks and uncertainties, such as statements of Cornerstone’s beliefs, plans, objectives, strategies, intentions and expectations. The words “potential,” “anticipate,” “forecast,” “believe,” “estimate,” “intend”, “trends”, “indicate”, “expect,” “may,” “should,” “could”, “project,” “plan,” or the negative or other variations of these words and similar expressions are intended to be among the statements that identify ‘Forward-Looking Statements.’ Although Cornerstone believes that its expectations reflected in these ‘Forward-Looking Statements’ are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets, predicting natural geological phenomena and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our Forward-Looking Statements. Although Cornerstone believes the facts and information contained in this news release to be as correct and current as possible, Cornerstone does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views after the date of this news release. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein except where outcomes have varied materially from the original statements. On Behalf of the Board, Brooke Macdonald President and CEONeither 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.________________________ 1 See “About Cornerstone” above. 2 Chalcopyrite mineral contains approximately 34.5% copper. 3 See CuEq calculation in the QA/QC section of the NR.