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2024.05.14 17:16 Then_Marionberry_259 MAY 14, 2024 FR.TO FIRST MAJESTIC REMINDS SHAREHOLDERS TO VOTE IN UPCOMING ANNUAL GENERAL MEETING
https://preview.redd.it/amc20qi8se0d1.png?width=3500&format=png&auto=webp&s=e2fae5d450ab83c349831614e8d9c1261014cb33 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") reminds its shareholders about the Company's upcoming Annual General Meeting of Shareholders (the "2024 AGM") scheduled to take place on Thursday, May 23, 2024 at 10:00 a.m. (Pacific Time) at the Sutton Place Hotel located at 845 Burrard Street, Vancouver, British Columbia, V6Z 2K6. The Board of Directors of First Majestic unanimously recommends that shareholders vote FOR all the resolutions that have been put forward for the 2024 AGM. The record date for notice and for voting at the 2024 AGM was March 28, 2024. Only shareholders as of the record date will be entitled to vote at the meeting. Shareholders as of the record date are encouraged to vote before the proxy voting deadline on Tuesday, May 21, 2024 at 10:00 a.m. (Pacific Time). If you are a registered shareholder of the Company and are unable to attend the 2024 AGM, please read, sign and date the form of proxy for the meeting (the "Proxy") and deposit it with Computershare Investor Services Inc. ("Computershare") by courier or mail at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, Attention: Proxy Department, or by facsimile at 1-866-249-7775 (toll-free in North America) or 1-416-263-9524 (international) by 10:00 a.m. (Pacific Time) on Tuesday, May 21, 2024, or at least 48 hours (excluding Saturdays, Sundays and holidays) before any postponement or adjournment of the meeting). Alternatively, registered shareholders may vote by telephone (1-866-732-8683) or online (www.investorvote.com) using the control number listed on the Proxy that they received from Computershare. Non-registered shareholders may participate in the 2024 AGM (either themselves or through a proxyholder, or through intermediaries using the voting instruction form). Alternatively, some non-registered shareholders may be able to vote by telephone or online and should refer to the voting instruction form that they received for further details and instructions. EVERY VOTE COUNTS Voting is quick and easy. First Majestic has retained Kingsdale Advisors to provide shareholders with assistance in voting their shares, and they may be reached by telephone at 1-866-851-3214 (toll-free in North America) or 1-647-577-3635 (text and call enabled outside North America), or by email at [contactus@kingsdaleadvisors.com](mailto:contactus@kingsdaleadvisors.com). To obtain current information about voting your First Majestic common shares, and for copies of the materials for the 2024 AGM, please visit www.firstmajesticagm.com, or scan the QR code below: https://preview.redd.it/d82f1zo8se0d1.jpg?width=218&format=pjpg&auto=webp&s=5b92a1c645b14040aee870464450ea0170adc9f8 ABOUT THE COMPANY First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates the San Dimas SilveGold Mine, the Santa Elena SilveGold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A. First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available. For further information, contact [info@firstmajestic.com](mailto:info@firstmajestic.com), visit our website at www.firstmajestic.com or call our toll-free number 1.866.529.2807. FIRST MAJESTIC SILVER CORP. "Signed" Keith Neumeyer, President & CEO Cautionary Note Regarding Forward-Looking Statements This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and U.S. securities laws (collectively, "forward‐looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the time and place of the 2024 AGM; the process of voting at the 2024 AGM; and the use of the online and telephone platforms to cast votes. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. All statements other than statements of historical fact may be forward‐looking statements. Although First Majestic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward‐looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209068 https://preview.redd.it/1yxdabv8se0d1.png?width=4000&format=png&auto=webp&s=cda284c426d82431cbf5faf4aa1574e029a16db3
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2024.05.14 14:08 Then_Marionberry_259 MAY 14, 2024 SVB.TO ARRAS MINERALS COMMENCES 2024 FIELD PROGRAM ON ITS 3,300 SQ KM LICENCE PACKAGE IN PAVLODAR, KAZAKHSTAN
https://preview.redd.it/or2ebwhqud0d1.png?width=3500&format=png&auto=webp&s=f30c6f662ac86e6fb01ff75e24575cb4c117e005 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Arras Minerals Corp. (TSXV:ARK) ("Arras" or "the Company") is pleased to announce the commencement of a regional field program across the more than 3,300 square kilometre license package it controls in Pavlodar, Kazakhstan. Highlights of the Planned 2024 Regional Field Program:
The 2024 field program has the potential to be transformative for Arras. We expect to drill at least three new porphyry prospects this year, which when combined with the Beskauga Project which we have under an option to purchase, means we potentially have at least four porphyry prospects controlled by the company. The project portfolio is close to incredible infrastructure and the country is quickly becoming a tier-one destination for copper and gold exploration globally as demonstrated by many of the copper and gold majors establishing a presence in Kazakhstan over the past 6-12 months." Arras's licence package is located within the Bozshakol-Chingiz metallogenic belt, a belt of rocks that includes the Bozshakol Mine, as well as the Beskauga copper-gold-silver porphyry deposit currently under option by Arras. The licence package is composed of 17 licences and covers just over 3,300 square kilometres in area and is shown in the map below. https://preview.redd.it/v7rw44mqud0d1.jpg?width=1425&format=pjpg&auto=webp&s=984ca4ef4c1bd19e4105fd1c2e1ebd740a1d4d98 A budget of approximately US$2.5M for 2024 has been established for the Alliance package and will include airborne and ground geophysics followed up by mapping, soil sampling, and targeted KGK and potentially diamond drilling. The initial focus will be on Package "A" with work on Package "B" expected to commence in the coming months. The Elemes Project - the Berezski and Aimandai Targets: The Berezski and Aimandai targets are located within the 531 square kilometre Elemes Project. The Berezski Target is an 8.8-kilometre-long copper anomaly which was announced in February 2024 and contains shallow historical drilling that has yielded notable results such as 132 meters at 0.80% CuEq and 108 meters at 0.94% CuEq from surface. The Aimandai Target is a 14-kilometre x 3.2-kilometre NE-SW trending coherent copper ("Cu") anomaly (>100ppm) which was announced in March 2024 that is parallel to Berezski and approximately five kilometers to the east and has had no known drilling. https://preview.redd.it/iw64wwnqud0d1.jpg?width=1430&format=pjpg&auto=webp&s=4270407cdd4aa0fda0e2632c4cc653075f757e9c Over the coming months, both targets will be mapped in detail along with ground geophysics to better refine the drill targets. A diamond drill program is planned to follow to test these two exciting new targets. The Tay Project - The Tay IP Target: The Tay IP Target is a 6.5-kilometre x 2.1-kilometre East-West trending coherent Soviet-era Induced Polarization ("IP") chargeability anomaly located 28 kilometres north of the Bozshakol open pit copper-gold mine, and 85-kilometres from Arras's operational base in the city of Ekibastuz. The entire prospect is masked with unconsolidated cover believed to be 10-40m deep and has received no systematic modern exploration to date. https://preview.redd.it/qpi7ebpqud0d1.png?width=942&format=png&auto=webp&s=efc58a6cdd1e08dac7fbee34c1d6d96cda187873 The Tay Prospect is strategically situated with outstanding accessibility and local infrastructure, including nearby high voltage power lines, railway, and roads. Plans are underway to follow up the chargeability anomaly with a KGK drill program which will drill through the overburden and test the top of bedrock to understand the geology and then follow up with a diamond drillhole program to test the chargeability high. Qualified Person: The scientific and technical disclosure for this news release has been prepared under supervision of and approved by Matthew Booth, Vice President of Exploration, of Arras Minerals Corp., a Qualified Person for the purposes of NI 43-101. Mr. Booth has over 19 years of mineral exploration experience and is a Qualified Person member of the American Institute of Professional Geologists (CPG 12044). On behalf of the Board of Directors "Tim Barry" Tim Barry, MAusIMM CP(Geo) Chief Executive Officer and Director INVESTOR RELATIONS: +1 604 687 5800 [info@arrasminerals.com](mailto:info@arrasminerals.com) Further information can be found on:
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project. The Company has established the third-largest license package in the country prospective for copper and gold (behind Rio Tinto and Fortescue). In December 2023, the Company entered into a strategic alliance with Teck Resources Limited ("Teck") in which Teck will sole fund a US$5 million generative exploration program over a portion of the Arras license package in 2024-2025 focusing on critical minerals. The Company's shares are listed on the TSX-V under the trading symbol "ARK". Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated, and Inferred Resources:* This press release uses the terms "measured resources", "indicated resources", and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. The Company advises U.S. investors that these terms are not recognized by the SEC. The estimation of measured, indicated and inferred resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that measured and indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.* Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101. Cautionary note regarding forward-looking statements:* This news release contains forward-looking statements regarding future events and Arras' future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding plans and expectations of the exploration program Arras is in the process of undertaking, including the expansion of the Mineral Resource, and other aspects of the Mineral Resource estimates for the Beskauga project. These statements are based on current expectations, estimates, forecasts, and projections about Arras' exploration projects, the industry in which Arras operates and the beliefs and assumptions of Arras' management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future* periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond management's control, including undertaking further exploration activities, the results of such exploration activities and that such results support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption "Risk Factors" in the Management Discussion and Analysis filed on the Company's profile on SEDAR+ on February 28, 2024 and in the Company's Annual Report on Form 20-F for the fiscal year ended October 31, 2023 filed with the U.S. Securities and Exchange Commission filed on February 28, 2024 available on www.sec.gov. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by the Company in this release is based only on information currently available and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise. SOURCE: Arras Minerals Corp. View the original press release on accesswire.com https://preview.redd.it/jr4pw4tqud0d1.png?width=4000&format=png&auto=webp&s=ba5a7e4b24e2096db05540a17a0d6f730af74c5c
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2024.05.14 13:49 Then_Marionberry_259 MAY 14, 2024 FDY.TO FARADAY COPPER INTERSECTS 0.41% COPPER OVER 42.02 METRES EXPANDING NEAR-SURFACE MINERALIZATION AT AREA 51 WITHIN THE COPPER CREEK PROJECT
https://preview.redd.it/kexz4zycrd0d1.png?width=3500&format=png&auto=webp&s=684020fcf83866c3ff43bc87f3ac344b08fe8954 submitted by Then_Marionberry_259 to Treaty_Creek [link] [comments] VANCOUVER, BC / ACCESSWIRE / May 14, 2024 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of five drill holes from its Phase III program at the Copper Creek Project, located in Arizona, U.S. ("Copper Creek"). One hole was drilled to test a new target area 275 metres ("m") west of Keel and one hole was drilled to test the westward extension of Old Reliable. Three holes were drilled at Area 51 as a follow-up to the recent Starship and Eclipse breccia discoveries (announced on January 16, 2024 and March 4, 2024). Paul Harbidge, President and CEO, commented "The Phase III drill program continues to demonstrate the exploration potential of the Copper Creek Project on a number of fronts. At Area 51, we continue to intersect and expand near-surface mineralization. At Old Reliable, mineralization is being further delineated outside of the mineral resource pit shell. Additionally, the first reconnaissance hole drilled at depth, west of Keel, confirms our thesis that there is the potential for significant mineralization to be discovered below the Old Reliable breccia complex. This new data will enable us to vector to high grade zones for further drill testing". Highlights
Area 51 was identified as highly prospective by integrating airborne versatile time domain electromagnetic (VTEM) geophysical data and short wave infrared spectral data together with geological mapping and sampling. Area 51 encompasses a porphyry intrusion with nine mapped breccia bodies over an area of approximately 400 m by 400 m, including Starship and Eclipse. The breccias are interpreted to have been emplaced at a shallow crustal level in the hanging wall of the northwest trending Holy Joe thrust fault, which brought Proterozoic metamorphic rocks in contact with younger sedimentary rock units to the east of Area 51. This fault is also thought to have controlled the emplacement of the Paleocene Glory Hole volcanics and Copper Creek granodiorite which host the mineral resource. Drill hole FCD-24-056 was collared northeast of the Eclipse breccia and drilled to the southwest to increase drill coverage for the Eclipse breccia (Figures 1 and 2). Mineralization is associated with chalcopyrite and minor bornite breccia cement. The hole started in granodiorite porphyry and intersected hydrothermal breccia from 28 m to 108 m followed by granodiorite porphyry to 131 m. The remainder of the hole to 187 m is in Glory Hole volcanics. The alteration in the breccia domain is quartz-sericite-pyrite with an interval from approximately 50 m to 70 m where tourmaline is abundant. Drill hole FCD-24-051 was collared 250 m north of the Eclipse breccia and drilled to the southwest into the Ziltoid breccia (Figure 1). The hole intersected Glory Hole volcanics in the first 180 m, followed by 4 m of granodiorite porphyry. From 184 m to 247 m the dominant lithology is hydrothermal breccia. Alteration at the start of the breccia is sericitic but K-feldspar and biotite dominate from 190 m to the end of the hole. Drill hole FCD-24-055 was collared southeast of the Eclipse breccia and drilled to the Northwest (Figure 1). The hole intercepted Glory Hole volcanics from surface to 49 m, followed by a series of granodiorite and monzogranite porphyries. From 136 m to 327 m the hole intersected hydrothermal breccia cemented by quartz, pyrite and specular hematite. Alteration within the breccia is intense quartz-sericite. Minor copper mineralization is associated with chalcocite near the upper contact of the breccia. Keel West is the area between the Keel zone and Old Reliable. This area coincides with a prominent untested geophysical anomaly which extends westward from the known mineralization at the Mammoth breccia and Keel zone to below Old Reliable (Figure 3). Drill hole FCD-24-053 was collared east of Old Reliable and drilled to the south-southeast (Figures 1 and 3). Mineralization is associated with bornite and chalcopyrite bearing veins with narrow sericite-biotite-K-feldspar alteration halos and the hole ends in mineralization. This type of bornite-rich, vein-hosted mineralization is known to be associated with high-grade mineralization and elevated gold grades at Keel and suggests the potential for other high-grade mineralized centers at depth below known near-surface mineralized breccias in the area. Old Reliable was the site of small-scale underground mining for copper and molybdenum prior to World War II. Starting in the 1970s, an experimental in-situ leach operation recovered some of the near-surface copper oxide mineralization. The sulphide-hosted mineralization remains in place. During the 1990s, densely spaced vertical drilling led to resource definition to approximately 200 m below surface. Several of those drill holes end in mineralization and the resource is open at depth and laterally. Additional follow up drilling is planned for this area. Drill hole FCD-24-054 was collared north of Old Reliable and drilled to the southwest (Figures 1 and 4). The hole was designed to test the westward extension of the mineralization outside of the open pit used to constrain the MRE. Mineralization is associated with disseminated and vein-hosted chalcopyrite within granodiorite porphyry. The drill hole intercepted Glory Hole volcanics from surface to 50 m and granodiorite porphyry to 208 m, returning to Glory Hole volcanics to 295 m and granodiorite for the last 12 m. Dominant alteration associated with the mineralization is sericite with kaolinite. Similar alteration is present in the Old Reliable breccia (as discussed in a news release dated April 10, 2024). Figure 1: Plan View Showing Surface Geology and Location of Drill Holes https://preview.redd.it/k3a8ev1drd0d1.jpg?width=1029&format=pjpg&auto=webp&s=1dd30f01638787c8d36ec0cde786c7170e0c6120 https://preview.redd.it/yskgh23drd0d1.jpg?width=997&format=pjpg&auto=webp&s=1948953710726727686ee4a97a698c90320972cb https://preview.redd.it/n3zfl34drd0d1.jpg?width=1350&format=pjpg&auto=webp&s=6f37c03cbb7429067f229b5577f60951e8dac938 Figure 4: Cross Section Showing Drill Hole FCD-24-054 at Old Reliable https://preview.redd.it/bxnpq85drd0d1.jpg?width=1126&format=pjpg&auto=webp&s=8dea1a1b8ef1b063acaf5d447be5f33f6ede0e7f Table 1: Selected Drill Results from Copper Creek https://preview.redd.it/srrqad6drd0d1.png?width=720&format=png&auto=webp&s=ead50c719f4bf3668d40d845838c109a373787ca Note: All intercepts are reported as downhole drill widths. Mineralization includes bulk porphyry style and breccia mineralization true widths are approximate due to the irregular shape of mineralized domains. N/A: Not analyzed. Table 2: Collar Locations from the Drill Holes Reported Herein https://preview.redd.it/f0ytu97drd0d1.png?width=720&format=png&auto=webp&s=6c5414f5f4b43b473f4a6e70c62c81886462a098 Note: Coordinates are given as World Geodetic System 84, Universal Transverse Mercator Zone 12 north (WGS84, UTM12N). Next Steps Phase III drilling continues and is focussed on three objectives:
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance All sampling was conducted under the supervision of the Company's geologists and the chain of custody from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, AZ, was continuously monitored. The samples were taken as ½ core, over 2 m core length. Samples were crushed, pulverized and sample pulps were analyzed using industry standard analytical methods including a 4-Acid ICP-MS multielement package and an ICP-AES method for high-grade copper samples. Gold was analyzed on a 30 g aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th sample. Coarse and fine blanks were inserted every 20th sample. Approximately 5% of the core samples were cut into ¼ core and submitted as field duplicates. On top of internal QA-QC protocol, additional blanks, reference materials and duplicates were inserted by the analytical laboratory according to their procedure. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Faraday's VP Exploration, Dr. Thomas Bissig, P. Geo., who is a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). About Faraday Copper Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol "FDY". For additional information please contact: Stacey Pavlova, CFA Vice President, Investor Relations & Communications Faraday Copper Corp. E-mail: [info@faradaycopper.com](mailto:info@faradaycopper.com) Website: www.faradaycopper.com To receive news releases by e-mail, please register using the Faraday website at www.faradaycopper.com. Cautionary Note on Forward Looking Statements Some of the statements in this news release, other than statements of historical fact, are "forward-looking statements" and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the exploration potential of the Copper Creek property. Although Faraday believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information. Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as "Risk Factors" included in Faraday's disclosure documents filed on and available at www.sedarplus.ca. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence. SOURCE: Faraday Copper Corp. View the original press release on accesswire.com https://preview.redd.it/e730g88drd0d1.png?width=4000&format=png&auto=webp&s=ed3fd532b874b6f0b0d29bf7abceecfedba8b77d
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submitted by LesleyFair to learnmachinelearning [link] [comments] GPT-4 Size Since before the release of GPT-4, the rumor mill has been buzzing. People predicted and are still claiming the model has 100 trillion parameters. That's a trillion with a "t". The often-used graphic above makes GPT-3 look like a cute little breadcrumb, which is about to have a live-ending encounter with a bowling ball Sure, OpenAI's new brainchild certainly is mind-bending. And language models have been getting bigger - fast! But this time is different and it provides a good opportunity to look at the research on scaling large language models (LLMs). Let's go! Training 100 Trillion ParametersThe creation of GPT-3 was a marvelous feat of engineering. The training was done on 1024 GPUs, took 34 days, and cost $4.6M in compute alone [1].Training a 100T parameter model on the same data, using 10000 GPUs, would take 53 Years. However, to avoid overfitting such a huge model requires a much(!) larger dataset. This is of course napkin math but it is directionally correct. So, where did this rumor come from? The Source Of The Rumor:It turns out OpenAI itself might be the source.In August 2021 the CEO of Cerebras told wired: "From talking to OpenAI, GPT-4 will be about 100 trillion parameters". At the time, this was most likely what they believed. But that was back in 2021. So, basically forever ago when machine learning research is concerned. Things have changed a lot since then! To what has happened we first need to look at how people actually decide the number of parameters in a model. Deciding The Number Of Parameters:The enormous hunger for resources typically makes it feasible to train an LLM only once.In practice, the available compute budget is known in advance. The engineers know that e.g. their budget is $5M. This will buy them 1000 GPUs for six weeks on the compute cluster. So, before the training is started the engineers need to accurately predict which hyperparameters will result in the best model. But there's a catch! Most research on neural networks is empirical. People typically run hundreds or even thousands of training experiments until they find a good model with the right hyperparameters. With LLMs we cannot do that. Training 200 GPT-3 models would set you back roughly a billion dollars. Not even the deep-pocketed tech giants can spend this sort of money. Therefore, researchers need to work with what they have. They can investigate the few big models that have been trained. Or, they can train smaller models of varying sizes hoping to learn something about how big models will behave during training. This process can be very noisy and the community's understanding has evolved a lot over the last few years. What People Used To Think About Scaling LLMsIn 2020, a team of researchers from OpenAI released a paper called: "Scaling Laws For Neural Language Models".They observed a predictable decrease in training loss when increasing the model size over multiple orders of magnitude. So far so good. However, they made two other observations, which resulted in the model size ballooning rapidly.
And that is what people did. The models got larger and larger with GPT-3 (175B), Gopher (280B), Megatron-Turing NLG (530B) just to name a few. But the bigger models failed to deliver on the promise. Read on to learn why! What We Know About Scaling Models TodayTurns out, you need to scale training sets and models in equal proportions. So, every time the model size doubles, the number of training tokens should double as well.This was published in DeepMind's 2022 paper: "Training Compute-Optimal Large Language Models" The researchers fitted over 400 language models ranging from 70M to over 16B parameters. To assess the impact of dataset size they also varied the number of training tokens from 5B-500B tokens. The findings allowed them to estimate that a compute-optimal version of GPT-3 (175B) should be trained on roughly 3.7T tokens. That is more than 10x the data that the original model was trained on. To verify their results they trained a fairly small model on lots of data. Their model, called Chinchilla, has 70B parameters and is trained on 1.4T tokens. Hence it is 2.5x smaller than GPT-3 but trained on almost 5x the data. Chinchilla outperforms GPT-3 and other much larger models by a fair margin [3]. This was a great breakthrough! The model is not just better, but its smaller size makes inference cheaper and finetuning easier. So, we are starting to see that it would not make sense for OpenAI to build a model as huge as people predict. Let’s put a nail in the coffin of that rumor once and for all. To fit a 100T parameter model properly, open OpenAI would need a dataset of roughly 700T tokens. Given 1M GPUs and using the calculus from above, it would still take roughly 2650 years to train the model [1]. mind == blown You might be thinking: Great, I get it. The model is not that large. But tell me already! How big is GPT-4? The Size Of GPT-4:We are lucky.Details about the GPT-4 architecture recently leaked on Twitter and Pastebin. So, here is what GPT-4 looks like:
There are not enough tokens in our part of the Milky Way to build a dataset large enough for such a model. There are probably not enough tokens in the Whatever the model looks like in detail, it is amazing nonetheless. These are such exciting times to be alive! As always, I really enjoyed making this for you and I sincerely hope you found it useful! P.s. I send out a thoughtful newsletter about ML research and the data economy once a week. No Spam. No Nonsense. Click here to sign up! References:[1] D. Narayanan, M. Shoeybi, J. Casper , P. LeGresley, M. Patwary, V. Korthikanti, D. Vainbrand, P. Kashinkunti, J. Bernauer, B. Catanzaro, A. Phanishayee , M. Zaharia, Efficient Large-Scale Language Model Training on GPU Clusters Using Megatron-LM (2021), SC21[2] J. Kaplan, S. McCandlish, T. Henighan, T. B. Brown, B. Chess, R. Child,... & D. Amodei, Scaling laws for neural language models (2020), arxiv preprint [3] J. Hoffmann, S. Borgeaud, A. Mensch, E. Buchatskaya, T. Cai, E. Rutherford, D. Casas, L. Hendricks, J. Welbl, A. Clark, T. Hennigan, Training Compute-Optimal Large Language Models (2022). arXiv preprint arXiv:2203.15556. [4] S. Borgeaud, A. Mensch, J. Hoffmann, T. Cai, E. Rutherford, K. Millican, G. Driessche, J. Lespiau, B. Damoc, A. Clark, D. Casas, Improving language models by retrieving from trillions of tokens (2021). arXiv preprint arXiv:2112.04426.Vancouver |
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