TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) (“MacDonald Mines” or the “Company”) announces that Mia Boiridy has left the organization, effective immediately.
Stuart Adair, CPA, CA, MA, BA, a member of the Board of Directors of MacDonald Mines and Chair of its Audit Committee, has been designated as the Company’s interim Chief Executive Officer effective September 8, 2021. Mr. Adair has extensive financial and operating experience as a “C” suite executive and will provide support, direction, and guidance to MacDonald Mines’ Management during this transition.
MacDonald Mines priorities are to continue with our business plan, deliver on our exploration models, and maintain a stable and effective organization. The Board of Directors has commenced a search for a new CEO. We thank Mia for her contributions and wish her success in her future endeavours.
MacDonald Mines also reports on results from its Summer 2021 mechanized stripping, channel sampling and regional prospecting program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario (Figure 1).
In the Glade area, channel sampling extended gold mineralization in the Alkin-Glade trend over 225 metres along strike. Exploration work in the Glade area also led to the discovery of a broad zone of anomalous gold in the Espanola limestone 150 m below the mineralized Alkin-Glade corridor in hole AG-21-097. Channel sampling at the Jerome showing indicates that the Nipissing intrusion contains palladium-rich mineralization.
https://www.globenewswire.com/NewsRoom/AttachmentNg/1d270f26-066d-4d43-8bce-83e5905c0387
Figure 1 – SPJ Property
2021 exploration highlights include:
Alkin-Glade
New channel sample results confirming gold mineralization at the Glade West showing
5.12 g/t gold over 3.40 metres including 17.10 g/t gold over 0.80 metre
Discovery of quartz veins with visible gold 100 metres west of the Glade East showing and 125 metres east of the Glade West showing on trench AGT-21-011
Suggests that gold mineralization in the Alkin-Glade extends between the Glade East and Glade West showings over 225 metres
Identification of a broad zone of anomalous gold in the Espanola limestone at the southern margin of the Nipissing diabase (Glade diabase) hosting the Glade system 150 m below the Alkin-Glade trend
Analysis of the Espanola limestone below the southern contact of the Nipissing sill in hole AG-21-097 indicated 0.14 g/t gold over 31.50 metres
Rathbun block of the SPJ project
Confirmation that palladium-rich mineralization exists in the Nipissing sill at the Jerome showing in the Rathbun block of the SPJ property
Channel sample contains 2.97 g/t Pd, 0.42 g/t Pt and 0.24 g/t Au over 4 m (Cu and Ni assays are pending)
Fall 2021 exploration plans
During the Fall of 2021, the Company plans to complete the channel sampling and mapping program in the Glade and Alkin areas of the Alkin-Glade trend in preparation for diamond drilling in the Alkin-Glade corridor. The first phase of the drilling program will consist of a series of drill holes to test the continuity of gold mineralization between the Glade East and Glade West showings, separated by 225 m.
In parallel, the Company plans to prospect, sample and map the McLeod showing where historic diamond drilling intersected significant gold mineralization. The Company also plans to prospect and map gold-copper mineralization at the historic Alwyn Mine and explore for additional palladium-rich mineralization in the Nipissing sill hosting the Jerome showing,
Table 1 – Results of channel sampling along the northern contact of the Glade diabase in the Alkin-Glade trend
|
Channel sample |
From |
To |
Length* |
Gold |
Structure |
|
(g/t) |
|||||
|
AGT-21-004C |
0.70 |
2.10 |
1.40 |
3.61 |
Alkin-Glade |
|
AGT-21-005A |
No significant results |
||||
|
AGT-21-005B |
No significant results |
||||
|
AGT-21-005C |
0.70 |
4.10 |
3.40 |
5.12 |
|
|
Including |
|||||
|
2.30 |
3.10 |
0.80 |
17.1 |
||
|
AGT-21-005D |
1.30 |
2.10 |
0.80 |
0.71 |
|
|
AGT-21-005E |
1.80 |
2.30 |
0.50 |
2.02 |
|
|
AGT-21-006A |
2.00 |
2.80 |
0.80 |
0.14 |
|
|
AGT-21-006B |
0.00 |
3.10 |
3.10 |
0.20 |
|
*Assay results are presented over the apparent length of the channel samples. Additional work is necessary to define the true width of the zone of mineralization.
Table 2 – Results from diamond drilling and channel sampling along the southern contact of the Glade diabase and the Espanola Limestone
|
Drill hole |
From |
To |
Length* |
Gold |
Structure |
|
AG-21-097 |
184.90 |
216.40 |
31.50 |
0.14 |
Espanola- Glade Diabase contact |
|
Including |
|||||
|
188.97 |
190.44 |
1.47 |
0.56 |
||
|
Channel sample |
From |
To |
Length* |
Gold |
|
|
AGT-21-007A |
0 |
1.00 |
1.00 |
0.27 |
|
|
AGT-21-007B |
No significant results |
||||
|
AGT-21-007C |
|||||
|
AGT-21-007D |
|||||
|
AGT-21-007E |
|||||
|
AGT-21-007F |
|||||
*Assay results are presented over core and channel sample length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.
Table 3 – Results from channel sampling at the Jerome showing
|
Channel sample |
From |
To |
Length* |
Gold |
Palladium |
Platinum |
Zone |
|
RAT-21-001A |
No significant results |
Jerome showing |
|||||
|
RAT-21-001B |
No significant results |
||||||
|
RAT-21-001C |
0.00 |
4.00 |
4.00 |
0.24 |
2.97 |
0.42 |
|
|
Including |
|||||||
|
0.00 |
3.00 |
3.00 |
0.29 |
3.69 |
0.51 |
||
|
RAT-21-001D |
2.00 |
4.00 |
2.00 |
0.25 |
2.93 |
0.42 |
|
*Assay results are presented over core length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.
Table 4. Coordinates of the reported channel samples and drill hole
|
ID |
X |
Y |
Z |
Azimuth |
Dip |
Length / |
Type |
|
AG-21-097 |
529054 |
5165626 |
292.5 |
145 |
-45 |
217.0 |
Drill hole |
|
AGT-21-004C |
529113 |
5165571 |
308.1 |
295 |
10 |
2.1 |
Channel |
|
AGT-21-005A |
529082 |
5165560 |
303.7 |
56 |
-8 |
2.1 |
Channel |
|
AGT-21-005B |
529076 |
5165552 |
304.8 |
30 |
-5 |
8.3 |
Channel |
|
AGT-21-005C |
529087 |
5165551 |
306.0 |
336 |
20 |
6.7 |
Channel |
|
AGT-21-005D |
529083 |
5165545 |
305.9 |
319 |
15 |
1.3 |
Channel |
|
AGT-21-005E |
529082 |
5165542 |
310.1 |
340 |
0 |
3.5 |
Channel |
|
AGT-21-006A |
529097 |
5165545 |
309.6 |
322 |
6 |
3.5 |
Channel |
|
AGT-21-006B |
529097 |
5165545 |
309.6 |
306 |
25 |
3.7 |
Channel |
|
AGT-21-007A |
529281 |
5165356 |
312.3 |
325 |
10 |
7.0 |
Channel |
|
AGT-21-007B |
529276 |
5165367 |
312.0 |
3 |
-22 |
3.5 |
Channel |
|
AGT-21-007C |
529279 |
5165369 |
313.4 |
358 |
-20 |
4.4 |
Channel |
|
AGT-21-007D |
529289 |
5165373 |
315.0 |
20 |
-25 |
3.0 |
Channel |
|
AGT-21-007E |
529288 |
5165369 |
309.0 |
8 |
0 |
1.8 |
Channel |
|
AGT-21-011 |
TBP |
TBP |
Channel |
||||
|
AGT-21-007F |
529295 |
5165362 |
310.3 |
300 |
-18 |
1.7 |
Channel |
|
RAT-21-001A |
526991 |
5173020 |
320.9 |
350 |
10 |
3.8 |
Channel |
|
RAT-21-001B |
526990 |
5173029 |
321.7 |
13 |
-8 |
2.7 |
Channel |
|
RAT-21-001C |
526981 |
5173029 |
323.7 |
4 |
-24 |
5.0 |
Channel |
|
RAT-21-001D |
526981 |
5173030 |
321.3 |
20 |
30 |
4.0 |
Channel |
Alkin-Glade
The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization – the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Old exploration trenches, now overgrown with vegetation are the only evidence of the 1930’s and 1940’s exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings.
The historical Alkin gold mine is located 2.2 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that a qualified person has not done sufficient work to validate the accuracy of the historical results. The Company is not treating the historical estimates as current mineral resources.
Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate. Diamond drilling also identified that mineralization extends in the Espanola limestone along the southern contact of the Nipissing diabase hosting the networks of gold-bearing shear zones and quartz veins. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097, and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed comparable mineralization 225 m east of the Glade West discovery. Visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West is similar to the iron-chlorite and gold at the Scadding Deposit. The observed relationship in mineralization could represent a considerable extension of the mineralized system of over 800m.
Jerome Showing
The Jerome showing is located on the Rathbun block of the SPJ property. PGE mineralization is hosted in an intrusion pertaining to the Nipissing sills according to the Ontario Geological Survey maps of the area. PGE mineralization is associated with disseminations of pyrrhotite, chalcopyrite and magnetite in the Nipissing sills. The base metal results for the channel samples taken by MacDonald Mines remain pending.
Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release’s scientific and technical content.
On-site Quality Assurance/Quality Control (“QA/QC”) Measures
Drill core samples were transported in security sealed bags for analysis to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.
MacDonald Mines has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or the samples with abundant visible gold are analyzed using a 1-kilogram metallic screen. Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.
COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario’s health guidelines. Strict protocols are in place to ensure the safety of all staff, thereby reducing the potential for community contact and spreading of the virus.
About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol “BMK”.
The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.
To learn more about MacDonald Mines, please visit www.macdonaldmines.com
For more information, please contact:
Stuart Adair, CEO, sadair@macdonaldmines.com
Fiona Fitzmaurice, CFO, ffitzmaurice@macdonaldmines.com
This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


We feel now is a pretty good time to analyse Sherritt International Corporation's (TSE:S) business as it appears the company may be on the cusp of a considerable accomplishment. Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Canada and Cuba. The CA$179m market-cap company’s loss lessened since it announced a CA$86m loss in the full financial year, compared to the latest trailing-twelve-month loss of CA$50m, as it approaches breakeven. The most pressing concern for investors is Sherritt International's path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.
See our latest analysis for Sherritt International
Consensus from 2 of the Canadian Metals and Mining analysts is that Sherritt International is on the verge of breakeven. They expect the company to post a final loss in 2021, before turning a profit of CA$13m in 2022. Therefore, the company is expected to breakeven just over a year from now. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 63%, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.
We're not going to go through company-specific developments for Sherritt International given that this is a high-level summary, however, keep in mind that generally metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
Vancouver, British Columbia–(Newsfile Corp. – September 9, 2021) – Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to provide a surface exploration update for its Ranch Gold-Copper Project (the "Property"). Detailed bedrock and alteration mapping have identified significant kilometre-scale alteration zones, including Albert's Hump, Patti, Steves, BV South, and BBX (Figure 1). Surface samples collected from these zones are included in the comprehensive surface sampling program, with laboratory results expected in the coming weeks. The combination of geological, alteration, and structural mapping with surface geochemistry and numerous geophysical surveys from the 2021 field season, will further refine current drill targets and define additional targets for the future.
Ewan Webster, President and CEO, commented, "The scope and scale of these alteration systems are impressive and far larger than the currently known zones of mineralization. The zonation in the alteration assemblages is typical of high-sulphidation epithermal systems and the upper parts of porphyry systems. What is encouraging is the gold mineralization at the surface, suggesting a fertile system below remains to be discovered. Our top-tier geological team is now using all of our data sets to generate strong drill targets for the latter part of this season's drilling campaign to test the many compelling targets that have been generated so far."
Mapped Targets
Albert's Hump
Albert's Hump is a large northwest-trending 2 km by 1 km interpreted lithocap with mapped exposures of vuggy silica, quartz-alunite, argillic, and propylitic alteration (Figures 1 & 2). Historical rock sampling of lithocap material has yielded between 5 and 20 ppb Au; as lithocap material is generally barren of precious metals content, these results coupled with the large alteration footprint suggest significant potential for a mineralized high-sulphidation or porphyry system at depth.
The southern extension of Albert's Hump is stratigraphically and topographically lower. It features prevalent vuggy quartz with secondary barite and silica along a northwest-trending exposure of intensely hematized dacitic rock with multiphase quartz veining. Historical rock grab sampling in the area returned gold concentrations of up to 2.74 grams per tonne (g/t), with several other grab samples above 0.80 g/t Au. The alteration footprint at Alberts Hump is significantly larger than those of the historical high-grade alterations zones at Thesis III and Bonanza pits, respectively.
BBX
The BBX zone is approximately 600 metres to the east of Alberts Hump and may be part of the same system that a fault has offset. Alteration at BBX is dominantly quartz-alunite with lesser massive or vuggy silica. Bladed alunite is present within the vugs locally. Historical rock grab sampling has yielded gold concentrations of up to 1.4 g/t Au.
Patti and Steves
Patti and Steves display typical high-sulphidation epithermal alteration zonation, grading from a vuggy silica core into massive silica and argillic alteration and an extensive propylitic-altered envelope. Sparse outcrop between Patti and Steves is also silicified and pervasively altered, suggesting these areas may be a part of a single, much larger alteration system. Vuggy silica displays evidence of secondary bladed barite and alunite growth in vugs, an important indication of multiphase fluid flow necessary for precious metals precipitation. Historical rock grabs in the area include a peak value of 68.2 g/t Au.
Figure 1: 2021 bedrock lithology and alteration mapping at Ranch.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2191/95977_70edb44914129bb0_001full.jpg
Figure 2: 2021 alteration mapping at Albert's Hump and South Hump.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2191/95977_70edb44914129bb0_002full.jpg
Thesis has also completed a regional geochemical surface sampling program consisting of >8,000 soil samples >1,000 rock grab samples. The surface geochemistry sampling results will be incorporated into a rigorous targeting review with 2021 geophysical surveys and bedrock mapping programs to produce robust drill targets for current and future drilling campaigns.
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
On behalf of the Board of Directors
Thesis Gold Inc.
"Ewan Webster"
Ewan Webster Ph.D., P.Geo.
President, CEO and Director
About Thesis Gold Inc.
Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the "Golden Horseshoe" area of northern British Columbia, approximately 300 km north of Smithers, B.C. For further details about the Ranch Gold Project, please refer to the Company's current geological Technical Report dated September 18, 2020 available under the Company's profile on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
For further information:
Nick Stajduhar
Director
Telephone: 780-701-3216
Email: nicks@thesisgold.com
Dave Burwell
Vice President, The Howard Group
Telephone; 403-410-7907
Email: dave@howardgroupinc.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95977
BEDFORD, NS / ACCESSWIRE / September 9, 2021 / (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") is pleased to announce the receipt of its report from Strategic Consultants IGIS, ("SCIGIS") based in Chihuahua, Mexico, providing a comprehensive interpretation of regional ASTER (Advanced Spaceborne Thermal Emission and Reflectance Radiometer) and LANDSAT 8 OLI (Operational Land Imager) data over three exploration properties comprising El Mezquite, Jackie and Diamante (see Figure 1).
Figure 1. El Mezquite, Diamante 1 and 2, and Jackie Concession Location Map. Nicho mine development by Minera Alamos located 6 km SE of Jackie (Image taken from Google Earth).
"We continue to build on the Sonoran project geotechnical database using advanced processing techniques for re-interpretation of available ASTER and LANDSAT 8 OLI imagery. The TLALI algorithm processing clearly illustrated its capabilities in mineral and anomaly identification with clarity of spatial response," said Greg Davison, Silver Spruce VP Exploration and Director. "We are compiling and interpreting the Shortwave Infrared ("SWIR") and Visible to Near-Infrared ("VNIR") hyperspectral data from El Mezquite and Jackie rock samples in concert with the ASTER/LANDSAT alteration fields for the next phase of drill target definition after recently completing our maiden drill program on EL Mezquite and Phase 2 geological and alteration mapping on Jackie. The SCIGIS maps also will be used for focusing and planning of the targeted geological mapping program at Diamante 1 and 2 in Q4 2021."
The SCIGIS study comprised a spectral reconnaissance of the Properties (Diamante 1, Diamante 2, El Mezquite, and Jackie) to understand the structural and lithological controls in a regional context and provide additional detail on the mineral-by-mineral distribution over each of the Properties. SCIGIS research covered an area of 6,500 hectares – the map area shown in Figure 2. The ASTER imagery was processed using the proprietary TLALI algorithm, which has shown significant success in optimizing and recognizing anomalies in a wide range of geological environments from several international projects.
A second run was carried out using LANDSAT 8 OLI imagery and focus on clay minerals, ferrous iron, and iron oxide species. The reporting included a complete set of shapefiles, index raster and RGB images, index reclassifications, and various digital elevation rasters with shading and lineament extraction in ArcGIS format.
Project Geology – Spectral Response
The El Mezquite and Diamante properties each exhibit features that manifest with excellent hyperspectral signatures and responses for a broad suite of oxide and silicate minerals. The remote spectral response distribution, particularly for Jackie, is limited by extensive vegetation. A historical study of ASTER imagery was performed in 2017 principally on the Diamante and El Mezquite properties and identified hyperspectral responses interpreted as supergene oxidation and argillization with propylitic areas, the latter mainly in less altered andesites.
Figures 2 and 3 illustrate examples of the Servicio Geológico Mexicano ("SGM") alteration and the recent LANDSAT 8 OLI interpretation for the three properties mainly for the Diamante and El Mezquite projects. Data available from the GEOINFOMEX SGM web portal displayed alteration with broadly circled areas of grouped minerals or styles. It is noteworthy that the Jackie property showed only minimal LANDSAT 8 OLI responses though the evidence from the current ground exploration successfully identified significant clay and oxide minerals proximal to the Au-Ag anomaly (see Press Releases – June 10th and June 26th, 2021).
El Mezquite – A white mica-dominant assemblage with lesser jarosite, kaolinite and iron oxides, distal zones containing chlorite, and intermittent areas of aluminous minerals locally linked to potential structural lineaments, were identified by the rock hyperspectral response. The LANDSAT 8 OLI TLALI maps illustrate northeast and northwest-trending clusters tied to surfaces exposure and topographic features including faults interpreted from the magnetic and 3D IP surveys. ASTER data documented, in Figures 3 and 4, the kaolinite, alunite and pyrophyllite group, with silica spatially associated with NW-trending lineaments and, in part, were targeted by the Phase 1 drilling. Additional targets to the south of the current drilling are interpreted from the TLALI alteration maps and the initial lineament analysis.
Jackie – The Phase 1 prospecting and Phase 2 mapping programs (see Press Releases – June 10th and June 26th 2021) identified a distinctive andesite ridge with intense oxidation, silicification, argillic alteration, and a notable vegetation-free zone. This location was confirmed by the ASTER and LANDSAT 8 interpretation though was limited to a focused area with ferric oxides, kaolinite, silica and chlorite-epidote-carbonate. The oxide and silicate alteration, was verified by aiSIRIS results of rock hyperspectral analysis, represented oxidized argillic zones with low grade or bleached metal values. Rock samples collected from the northern area of the ridge also displayed intense replacement by zeolite, kaolinite, alunite, montmorillonite, opaline silica, and muscovite and contained the bulk of the anomalous gold and silver values. None of this neighboring and significant alteration was recognized by ASTER and LANDSAT 8 OLI given the coverage by vegetation during the period of image collection. Compilation of the rock sample hyperspectral data is pending and requisite for advancing the alteration mapping of the Jackie property.
Figure 2. Distribution of clay and ferric oxide alteration from LANDSAT 8 OLI data focused around vein and disseminated mineralization targets, with outlined areas sourced from historical SGM database, on the Diamante and El Mezquite properties. Limited response on the Jackie property.
Diamante – Historical ground exploration on the Diamante 1 and 2 concessions identified mineralization accompanied by silicification, and phyllic, argillic, advanced argillic (quartz-alunite-pyrite) and propylitic (chlorite) zones, with overprinting by iron oxide and oxyhydroxide (hematite, goethite, and limonite) staining, jarosite and vuggy silica. The TLALI maps, shown in Figures 2 and 3 for the LANDSAT 8 OLI and combined LANDSAT/ASTER data, respectively, illustrate the spectral response for silicification and argillic alteration, including generic clay, alunite, pyrophyllite, kaolinite and silica, which are in part coincident with known artisanal vein workings and disseminated gold targets, such as the Southern Anomaly in Diamante 2. The areas of alteration require verification by surface exploration as part of the Phase 1 drill target definition program planned for Q4 2021.
Figure 3. Distribution of alunite, pyrophyllite, kaolinite and silica from ASTER and overprinting ferric oxide alteration from LANDSAT 8 OLI data focused on Diamante 2 and El Mezquite identifying potential targets of advanced argillization and silicification, with outlined areas sourced from historical SGM database, on shaded topography.
Figure 4. Distribution of alunite, pyrophyllite, kaolinite and silica from ASTER focused on Diamante 1 and El Mezquite identifying potential targets of advanced argillization and silicification, on shaded topography and regional geology, primarily the Tarahumara Formation (teal color), principal host to known mineralization.
Project Background
The 180-hectare ("ha") El Mezquite and 1,057-ha Diamante Concessions are drill-ready precious metal (Au-Ag) projects, located 10 and 5 kilometres respectively, from Tepoca and 165 km southeast of Hermosillo, Mexico. Diamante 1 is situated adjacent to the west of the El Mezquite project. Diamante 2 is located 700 metres south of Diamante 1. The grassroots 1,130-ha Jackie property is located less than two kilometres south of our El Mezquite and Diamante properties and directly adjacent to the west boundary of Minera Alamos' Santana project.
The Properties are well situated in logistics for exploration, adjacent to each other, and six to fifteen kilometres west and northwest of the Minera Alamos' Nicho deposit in mine development.
The Properties are easily accessible from Mexican Highway #16, which transects Diamante 1 and El Mezquite, ranch trails and dry riverbeds to Diamante 2, and dry riverbed access from the pueblo of La Quema, west of Highway #117 to Jackie. High voltage power lines positioned along with Highway #16.
The El Mezquite, Jackie, and Diamante projects are currently subject to option agreements with Colibri, wherein SSE can earn 50% of the gold and silver projects by meeting specific criteria over periods of two to four years. El Mezquite and Jackie concessions currently have hyperspectral assays pending detailed interpretation from 2021 mapping and prospecting programs, and the Company recently completed Phase 1 drilling at El Mezquite.
The Properties are located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending "Sonora Gold Belt" of northern Mexico and parallel to the well-known, precious metals-rich Mojave-Sonora Megashear.
Several nearby large operating mines include Alamos Gold's Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50 and 58 kilometres to the northeast, respectively, Agnico's Pinos Altos Mine, 100 kilometres southeast and Argonaut's La Colorada Mine, 100 kilometres west. Exploration in the surrounding area is very active, with adjacent and nearby properties held by Evrim, Newmont, Garibaldi, Kootenay Silver, and Penoles.
Qualified Person
Greg Davison, PGeo, Silver Spruce VP Exploration and Director, is the Company's internal Qualified Person for the El Mezquite, Jackie and Diamante Projects and is responsible for approval of the technical content of this press release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("N.I. 43-101"), under TSX guidelines.
About Strategic Consultants IGIS
Based in Chihuahua, Mexico, Strategic Consultants have been in mineral exploration for over 30 years, having GIS and Remote Sensing as powerful tools to search for mineral deposits. Strategic Consultants developed an innovative cloud-based algorithm capable of processing an ASTER image anywhere in the world, in a matter of minutes, yielding up to twenty-five spectral signatures representing the same amount of minerals, each in a separate ArcGIS shapefile. This procedure allows to establish types of alteration, a rock-mineral relationship or geological-mineral characteristic, and helps to select specific areas of interest and objectives. Major mining companies, such as Agnico-Eagle México and Redline Minerals Inc., have used the algorithm for exploration in brownfields and greenfields properties in México and the United States.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri's early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed an LOI to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
Contact:
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com
Michael Kinley, CEO
(902) 826-1579
mkinley@silverspruceresources.com
info@silverspruceresources.com
ww.silverspruceresources.com
Neither 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.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE: Silver Spruce Resources Inc.
View source version on accesswire.com:
https://www.accesswire.com/663321/Silver-Spruce-Completes-ASTER-and-LANDSAT-8-Hyperspectral-and-Image-Analysis-on-El-Mezquite-Jackie-and-Diamante-Au-Ag-Concessions-Sonora-Mexico
BETHESDA, Md., Sept. 9, 2021 /PRNewswire/ — Centrus Energy Corp. (NYSE American: LEU), supplier of nuclear fuel components and services for the nuclear power industry that is also conducting a High-Assay, Low-Enriched Uranium (HALEU) enrichment demonstration program for the U.S. Department of Energy, today announced that Daniel B. Poneman, President and Chief Executive Officer, and Philip Strawbridge, Chief Financial Officer, are scheduled to present at the Lake Street 5th Annual Best Ideas Growth (BIG5) Conference, which is being held virtually on September 14-15, 2021.
For more information, visit https://www.lakestreetcapitalmarkets.com/big5conference, contact your Lake Street representative, or email conference@lakestreetcm.com or call 612-326-1305.
To receive additional information, request an invitation, or to schedule a one-on-one meeting, please contact your Lake Street representative.
About Centrus Energy
Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. Centrus provides value to its utility customers through the reliability and diversity of its supply sources – helping them meet the growing need for clean, affordable, carbon-free electricity. Since 1998, the Company has provided its utility customers with more than 1,750 reactor years of fuel, which is equivalent to 7 billion tons of coal. With world-class technical and engineering capabilities, Centrus is also advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability in the future. Find out more at www.centrusenergy.com.
Contacts:
Investors: Dan Leistikow (301) 564-3399 or LeistikowD@centrusenergy.com
Media: Lindsey Geisler (301) 564-3392 or GeislerLR@centrusenergy.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-energy-corp-to-present-at-lake-streets-5th-annual-best-ideas-growth-big5-conference-september-14-15-2021-301373012.html
SOURCE Centrus Energy Corp.
VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce positive pre-concentration upgrading results from Tonopah Lithium Claims (“TLC”) claystone mineralization using Falcon continuous gravity concentrators with 88% of Lithium concentrated in 60% of the original mass – an upgrading factor of approximately 1.5.
Upgrading Highlights:
Gravity concentration test work by TECMMINE, in consultation with Sepro Mineral Systems of Lima Peru, yielded excellent results using continuous gravity Falcon (”Falcon C”) concentrators.
Test work rapidly upgraded samples of TLC mineralization from 1,098 ppm Li to 1,671 ppm Li by retaining 88% of the lithium in 60% of the mass.
On-going test work to further optimize the upgrading process including utilizing higher grade feed from planned drilling and bulk sampling at TLC.
Processing material with significantly higher lithium concentrations should reduce costs through lower reagent consumption and reduced throughput, including the potential to reduce back-end processing plant requirements.
Dr. Laurence Stefan, COO of American Lithium, stated “The positive implications of upgrading cannot be overstated. We are extremely encouraged with the pre-concentration results achieved using commercially available gravity concentrators. By processing higher-grade lithium mineralization, a smaller plant footprint is possible, and processing becomes more efficient with the ability to minimize reagents and improve recoveries. We look forward to on-going test work using higher grade samples followed by metallurgical processing work on the higher grade concentrates produced.”
TLC Upgrading Results
TECMMINE in Peru, in consultation with Sepro Mineral Systems Lima-based personnel have completed the first round of pre-concentration testing on TLC mineralization using Falcon “C” gravity concentrators.
Previous test work has demonstrated that gravity/physical concentration techniques are capable of upgrading TLC mineralization with the lithium preferentially reporting to the fine fraction in centrifuge tests (see Company news release dated March 23, 2021). The important fraction at TLC is not the “concentrate”, but what is often considered “tails” in other commodities.
The latest and best results have concentrated 88% of lithium in 60% of the original mass through a simple process of crushing to 100% passing 500 μm (-0.5 mm) followed by a series of concentrator passes, re-pulping and scavenging.
The original head grade of the sample used was 1,098 ppm Li and was upgraded to 1,671 ppm Li in a process estimated to take less than 45 minutes in an industrial scale operation.
Sepro Mineral Systems’ Falcon C continuous gravity concentrators are commercially available, off-the-shelf technology with models proven capable of handling large volumes of material suitable for bulk tonnage mining/processing operations.
Qualified Persons
Mr. Ted O’Connor, P.Geo., a Director of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical geological information contained in this news release.
About American Lithium
American Lithium, a member of the TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued exploration and development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada as well as continuing to advance its Falchani lithium and Macusani uranium development projects in southeastern Peru. Both Falchani and Macusani have been through preliminary economic assessments, exhibit strong additional exploration potential and are situated near significant infrastructure.
The TSX Venture 50 is a ranking of the top performers in each of 5 industry sectors in the TSX Venture Exchange over the last year.
For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.
Follow us on Facebook, Twitter and LinkedIn.
On behalf of the Board of Directors of American Lithium Corp.
“Simon Clarke”
CEO & Director
Tel: 604 428 6128
For further information, please contact:
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American Lithium Corp. |
|
|
Email: info@americanlithiumcorp.com |
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Website: www.americanlithiumcorp.com |
Neither 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 press release.
Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the plans, objectives and advancement of the TLC, Falchani and Macusani Projects (the “Projects”), exploration drilling plans, in-fill and expansion drilling plans, results of exploration and development plans, expansion of resources and testing of new deposits, environmental and social community permitting, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals, including the anticipated benefits of the acquisition of Plateau Energy Metals Inc. (“Plateau”); the estimated costs associated with the advancement of the Projects; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; risks related to the certainty of title to the properties of American Lithium, including the status of the “Precautionary Measures” filed by American Lithium’s subsidiary Macusani Yellowcake S.A.C. (“Macusani”), the outcome of the administrative process, the judicial process, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; risks regarding the ongoing Ontario Securities Commission regulatory proceedings; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risks and Uncertainties” section of Plateau’s Management’s Discussion and Analysis filed on January 19, 2021, in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on January 29, 2021, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
Cautionary Note Regarding Macusani Concessions
Thirty-two of the 151 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. A final date for the last stage of the judicial process has not yet been set. If American Lithium’s subsidiary Macusani does not obtain a successful resolution of the Processes, its title to the concessions could be revoked.


Vancouver, British Columbia–(Newsfile Corp. – September 9, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") pleased to announce that it has entered into an earn-in option agreement with First Mining Gold Corp. (TSX: FF) ("First Mining") on the Company's 100%-owned Vixen Gold Project ("Vixen"). Vixen consists of three sub-projects totaling 10,614 hectares (26,227 acres), Vixen North, Vixen South and Vixen West, located approximately 60 kilometres (37 miles) east of Red Lake, Ontario and near First Mining's Springpole Gold Project ("Springpole"). ALX first acquired and explored Vixen in 2019, and added additional claims acquisitions in 2021.
Details of the Option Agreement
First Mining will have the option to earn an initial 70% interest in Vixen by making cash payments totaling $550,000, the issuance of First Mining common shares totaling $400,000 to ALX, and by incurring at least $500,000 of expenditures at Vixen during the first three years of the earn-in term. Upon completing the first stage of the earn-in, First Mining will hold, through its wholly-owned subsidiary company Gold Canyon Resources Inc. ("Gold Canyon"), a 70% interest in Vixen and will have an additional two-year period to acquire the remaining 30% interest in Vixen by electing to make a $500,000 cash payment to ALX and by the issuance of First Mining common shares to ALX totaling $500,000. In the event that First Mining elects not to complete the second stage of the earn-in, ALX and Gold Canyon will enter into a 70%-30% joint venture agreement with respect to Vixen.
"ALX is pleased that its exploration efforts at Vixen have attracted a well-financed gold developer with a plan to search for new deposits in the Birch-Uchi greenstone belt," said Warren Stanyer, CEO and Chairman of ALX. "First Mining's multi-million ounce Springpole gold deposit is a focal point for the region with well-established camp facilities already in place, which is a huge logistical advantage for the advancement of Vixen."
The Birch-Uchi greenstone belt is one of the most under-explored and highly prospective gold belts in Canada with district-scale potential. The region hosts several past-producing mines, including the Argosy and Sol d'Or gold mines, with demonstrated historical high-grade gold mining and exploration. First Mining reports that it plans to undertake comprehensive regional exploration over the next twelve months and will be incorporating Vixen into the program. First Mining is focused on advancing and permitting its flagship Springpole project, which hosts the largest known gold deposit in the district and will be a critical strategic asset if more gold resources are found in the region.
Click here for maps and photos of the Vixen Gold Project
National Instrument 43-101 Disclosure
The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101.
About ALX
ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include gold, nickel, copper, and uranium projects. The Company uses the latest exploration technologies and holds interests in over 200,000 hectares of prospective lands in Saskatchewan and Ontario, stable Canadian jurisdictions that collectively host the highest-grade uranium mines in the world, and offer a significant legacy of production from gold and base metals mines.
ALX owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest), the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Draco VMS Project in Norway. ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the prolific Patterson Lake Corridor, with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project, a joint venture with UEX Corporation and Orano Canada Inc., and a 100% interest in the Gibbons Creek Uranium Project.
For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com
On Behalf of the Board of Directors of ALX Resources Corp.
"Warren Stanyer"
Warren Stanyer, CEO and Chairman
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include references that ALX's exploration projects are prospective for minerals, and the Company's plans and those of its exploration partners, including First Mining Gold Corp., plan to undertake exploration activities at ALX's projects. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at its projects, including drilling; our initial findings, or those of First Mining Gold Corp. at the Vixen project may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at its projects; and economic, competitive, governmental, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we, or our exploration partners, explore and develop our projects, and even if gold or other metals or minerals are discovered in quantity, our projects may not prove to be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95942
ENDEAVOUR ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING
London, 9 September 2021 – Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company” or “Endeavour”) is pleased to announce that all resolutions at today’s extraordinary general meeting were duly passed by shareholders.
The results for the resolutions voted upon at the extraordinary general meeting are set out below:
|
RESOLUTION |
VOTES |
% FOR |
VOTES |
% AGAINST |
% SHARES VOTED |
VOTES WITHHELD |
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SPECIAL RESOLUTION |
99,448,907 |
99.98 |
20,678 |
0.02 |
39.93 |
373 |
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ORDINARY RESOLUTION |
97,154,923 |
97.67 |
2,314,728 |
2.33 |
39.93 |
307 |
At close of business on 7 September 2021, the total number of issued ordinary shares of the Company was 249,988,201 and the Company held 873,178 ordinary shares in treasury. The total number of voting rights for the ordinary shares was therefore 249,115,023.
The reduction of capital approved by shareholders through the passing of the special resolution above remains subject to the approval of the UK High Court. The text of the ordinary resolution referred to above was amended by a resolution passed at the meeting to correct the final line of the text of the resolution as set out in the Notice of Meeting, to refer to part 1 of Section B of the Shareholder Circular rather than part 2. For further information please refer to the Shareholder Circular published by the Company dated 11 August 2021.
CONTACT INFORMATION
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Endeavour Mining Martino De Ciccio Vice President – Strategy & Investor Relations |
Brunswick Group LLP in London Carole Cable, Partner Vincic Advisors in Toronto John Vincic, Principal +1 (647) 402 6375 |
ABOUT ENDEAVOUR MINING PLC
Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.
A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.
For more information, please visit www.endeavourmining.com.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.
Attachment


Vancouver, British Columbia–(Newsfile Corp. – September 9, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce that a significant majority of New Carolin's securityholders approved the special resolution (the "Arrangement Resolution") authorizing the previously-announced plan of arrangement pursuant to which Talisker Resources Ltd. ("Talisker") will acquire all of the outstanding common shares of the Company (each, a "Common Share") for consideration of 0.3196 of a common share of Talisker for each Common Share held (the "Arrangement").
The Arrangement was approved by holders of New Carolin common shares, options and warrants (the "Securityholders") at the special meeting of Securityholders held on September 9, 2021 (the "Meeting"). The Arrangement Resolution was approved by approximately 95.84% of the votes cast by New Carolin's shareholders and 97.15% of the votes cast by Securityholders, voting as a single class. A total of 26,939,372 New Carolin securities were voted at the Meeting, representing approximately 32.75% of the votes attached to all New Carolin securities outstanding as of the record date of August 4, 2021.
New Carolin will seek a final order of the Supreme Court of British Columbia to approve the Arrangement at a hearing expected to be held on or about September 14, 2021. The Arrangement is expected to close on or about September 16, 2021, provided all of the customary closing conditions as set forth in the definitive arrangement agreement (the "Arrangement Agreement") are satisfied or waived.
Registered holders of New Carolin shares can no longer provide a written notice of dissent to the Arrangement Resolution to New Carolin as the deadline to exercise dissent rights pursuant to the interim order obtained in connection with the Arrangement has passed.
Upon the completion of the Arrangement, the Company will pay Joma Jore Management & Agiotage, Inc. ("Joma") a finder's fee of $100,000 (the "Finder's Fee"). Subject to the acceptance by the TSX Venture Exchange, the Finder's Fee will be satisfied by the issuance of 526,315 Common Shares having a deemed issue price of $0.095 per share, representing $50,000, and by cash payment of $50,000.
Further details regarding the Arrangement are set out in the management information circular of the Company dated August 10, 2021, which is available on New Carolin's profile on SEDAR (www.sedar.com).
About New Carolin
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (the "Project"). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.
For additional information, please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Kenneth R. Holmes"
President and CEO
Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com
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 the accuracy of this press release.
Caution concerning forward-looking information
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, included herein including, without limitation, statements or information about the completion of the Arrangement, and the timing for obtaining court approval and for the closing of the Arrangement are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. These risk factors include, among others: risks associated with the business of Talisker and the Company; risks related to the satisfaction or waiver of certain conditions contemplated by the Arrangement Agreement; risks related to reliance on technical information provided by Talisker and the Company; risks relating to exploration and potential development of the Company and Talisker's projects; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; prices for commodities to be produced and changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of mineral resources); risks relating to unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time and the additional risks identified in the Company's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96047.
Vancouver, British Columbia–(Newsfile Corp. – September 9, 2021) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") is pleased to update shareholders with a review of the Company's current exploration activities and exploration plans for the next six months on its copper, uranium, nickel, cobalt and palladium projects in Saskatchewan and Idaho (Figure 1).
URANIUM PROJECTS
Northwest Athabasca JV (39.5% Forum; 28% NexGen; 20% Cameco; 12.5% Orano)
Forum has submitted a permit application for a 3,500 metre drill program in Q1/2022 and will be the Operator and sole funder of the program. With the $1.3 million proposed budget, Forum expects to increase its interest to 47% in the project with the dilution of the partners' interests. The historical 1.5 million pound Maurice Bay uranium deposit* is a perched deposit in the sandstone based on 600,000 tonnes grading 0.6% U3O8 to a depth of 50 metres in the Western Athabasca Basin (Source: Saskatchewan Industry and Resources, Miscellaneous Report 2003-7).
Forum is focused on the discovery of a larger uranium deposit hosted at the unconformity between the sandstone and basement rocks and/or within the basement rocks. Drilling in 2012, 2013 and 2014 by Forum identified a number of shallow zones of uranium mineralization grading up to 5.7% uranium over 8.5 metres. With over twenty drill targets identified, it is Forum's view that there is a uranium deposit on the property yet to be discovered.
Fir Island (Orano Canada Option to Earn 70%)
Forum has recommended to Orano a resistivity survey to be conducted in December, 2021 to the north of drilling completed this past winter on Fir Island, followed by drilling of any anomalies detected from the survey. Timing of this program is dependent on Orano's budget and permitting.
Other Uranium Projects
The gravity survey announced April 7, 2021 on the Wollaston project located 10km south of Cameco's Rabbit Lake uranium mill and immediately east of the all-weather road to Orano's McClean Lake uranium processing plant will be completed in Q4/2021. Forum has identified a number of drill targets from past drilling by Forum at the 100% owned Highrock and the 65% owned Costigan projects located 5 km south of Cameco's Key Lake uranium mill. In the Western Athabasca Basin, Forum's 75% owned Clearwater project, on trend from Fission's Triple R and NexGen's Arrow development projects has drill targets identified by previous Forum drilling. Rio Tinto Exploration Canada ("Rio Tinto"), 60% owner and operator of the Henday project (40% Forum) in the Eastern Athabasca Basin, does not plan any programs for 2022.
ENERGY METAL PROJECTS
Janice Lake Copper/Silver (Rio Tinto Option to Earn 80%)
Rio Tinto has completed drilling a further nine holes on the Rafuse target during the summer exploration program, following up on the nine holes drilled on the Rafuse target by Rio Tinto during the winter drill program. Rio Tinto expects results to be available by mid-October. A major focus of Rio Tinto's summer exploration program was regional mapping, sampling and prospecting of the full extent of the 52 kilometre long sedimentary basin hosting these copper deposits. Prospecting in 2020 discovered a 3.8% copper boulder eighteen kilometres to the south of the current drill area.
Love Lake Nickel/Copper/Palladium (100% Forum)
Forum is currently on its seventh drillhole of its 3,000 metre drill program on three targets identified over the Love Lake mafic/ultramafic complex. Samples from the first three holes have been delivered to the Saskatchewan Research Council for analysis. A minimum of three further holes are planned on the property.
Quartz Gulch Cobalt/Copper (100% Forum)
A prospecting, mapping and sampling program has been delayed by forest fires in Idaho and is expected to commence in late September/early October. This will be the first program conducted on the property since Noranda, previous operator of the nearby Blackbird cobalt mine, completed an exploration program that identified anomalous cobalt in stream sediment samples on the property in 1982. Jervois Global Limited reports that development activities at the Idaho Cobalt Operation on trend from Quartz Gulch are on track for the delivery of first ore to the operational mill in July, 2022 (Source: Jervois Global Limited Interim Financial Report for the half-year ended 30 June 2021).
Figure 1: Location of Forum's Copper, Nickel/PGM and Uranium Projects (blue areas), processing facilities (red squares) and roads in the Athabasca Basin, Saskatchewan, Canada
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4908/95975_620826c61439eb93_003full.jpg
Rick Mazur, P.Geo., Forum's President & CEO and Qualified Person under National Instrument 43-101, has reviewed and approved the contents of this news release.
*The Maurice Bay historical resource estimate was completed prior to the implementation of National Instrument 43-101. Given the extensive exploration work completed by experienced mineral resource companies, and the quality of the historical work completed, the Company believes the historical estimate to be relevant and reliable. However, a qualified person has not completed sufficient work to verify and classify the historical estimate as a current mineral resource, and the Company is not treating the historical estimate as a current mineral resource. Hence, the estimate should not be relied upon. It should be noted that mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
About Forum Energy Metals
Forum Energy Metals Corp. (TSXV: FMC) has three 100% owned energy metal projects being drilled in 2021 by the Company and its major mining company partners Rio Tinto and Orano for copper/silver, uranium and nickel/copper/platinum/palladium in Saskatchewan, Canada's Number One Rated mining province for exploration and development. In addition, Forum has a portfolio of seven drill ready uranium projects and a strategic land position in the Idaho Cobalt Belt. For further information: www.forumenergymetals.com
This press release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Forum's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the historical data, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes commodity prices, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining or advancing its exploration projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
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.
For further information contact:
NORTH AMERICA
Rick Mazur, P.Geo., President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
UNITED KINGDOM
Burns Singh Tennent-Bhohi, Director
burnsstb@forumenergymetals.com
Tel: 074-0316-3185
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95975
If you want to know who really controls Metals X Limited (ASX:MLX), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.
With a market capitalization of AU$263m, Metals X is a small cap stock, so it might not be well known by many institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutions are noticeable on the share registry. Let's delve deeper into each type of owner, to discover more about Metals X.
View our latest analysis for Metals X
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Metals X already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Metals X's earnings history below. Of course, the future is what really matters.
Our data indicates that hedge funds own 14% of Metals X. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. APAC Resources Limited is currently the largest shareholder, with 14% of shares outstanding. With 14% and 6.1% of the shares outstanding respectively, Old Peak Limited and Credit Suisse, Investment Banking and Securities Investments are the second and third largest shareholders.
We did some more digging and found that 6 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
Our most recent data indicates that insiders own some shares in Metals X Limited. As individuals, the insiders collectively own AU$10m worth of the AU$263m company. Some would say this shows alignment of interests between shareholders and the board, though I generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.
The general public holds a 27% stake in Metals X. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Our data indicates that Private Companies hold 11%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
We can see that public companies hold 14% of the Metals X shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
It's always worth thinking about the different groups who own shares in a company. But to understand Metals X better, we need to consider many other factors. For example, we've discovered 2 warning signs for Metals X (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
TSX-V: GBR
VANCOUVER, BC, Sept. 9, 2021 /CNW/ – Great Bear Resources Ltd. (the "Company" or "Great Bear", (TSXV: GBR) (OTCQX: GTBAF) today provided an update on geological modelling and detailed assay results from one of twenty-three high-grade gold domains being modeled within the LP Fault zone at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.
Chris Taylor, President and CEO of Great Bear said, "We continue to model twenty-three high-grade domains along 4 kilometres of the LP Fault. These domains typically have predictable planar or "sheet like" geometries due to their development at large-scale geological contacts and discrete structural corridors marked by a penetrative foliation fabric. Today we provide detailed results from the Auro2 domain, which is present from bedrock surface near the centre of the LP Fault zone and remains open at depth. We provide every in-zone assay from all (100%) of the 58 drill holes that have intersected the domain to date. Results are shown in the figures and table in this release, and can also be downloaded from our website."
Key points of this release:
The Auro2 domain begins at bedrock surface, follows a highly consistent, steeply-dipping geological contact between meta-sedimentary and felsic volcanic rocks, and is situated near the centre of the LP Fault zone. It has been drilled from bedrock surface to over 450 metres depth and remains open to extension.
All composite intervals defining the Auro2 high-grade domain are provided in Table 1.
A long section of the Auro2 domain is provided in Figure 1. All drill holes are shown on this section.
A cross section through the Auro2 domain is provided in Figure 2. All individual assays comprising the composite intervals are shown visually.
An updated three-dimensional plan map of all 23 high-grade domains is provided in Figure 3.
All individual assay results comprising the composite intervals can be downloaded from the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.
Note that additional gold intervals from adjacent high-grade and bulk tonnage gold domains that were also intersected by the drill holes reported in this release are not included in Table 1, Figure 1 or Figure 2 and represent additional gold mineralization to that reported here.
Three additional high-grade domains have been reported to date by Great Bear: BR7 on May 19, 2021, and BR1 and Auro20 on June 3, 2021. The Company will continue to release detailed high-grade domain results as LP Fault zone modelling progresses.
Table 1: All composite gold intervals defining the Auro2 high-grade domain to date. Drill results were originally published by Great Bear between September 3, 2019 and June 3, 2021. Additional gold-bearing intervals in these holes that intersect adjacent high-grade and bulk tonnage domains have been omitted for clarity.
|
Drill Hole |
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
|
BR-020 |
90.75 |
94.00 |
3.25 |
48.08 |
|
BR-022 |
432.90 |
435.70 |
2.80 |
8.18 |
|
BR-060 |
306.70 |
311.00 |
4.30 |
11.95 |
|
BR-065 |
252.55 |
256.90 |
4.35 |
97.00 |
|
BR-100 |
375.50 |
376.55 |
1.05 |
9.52 |
|
BR-101 |
197.00 |
197.50 |
0.50 |
118.00 |
|
BR-102 |
132.00 |
135.50 |
3.50 |
23.17 |
|
BR-103 |
526.50 |
527.00 |
0.50 |
16.90 |
|
BR-108 |
334.00 |
335.00 |
1.00 |
14.97 |
|
BR-109 |
210.50 |
214.50 |
4.00 |
14.48 |
|
BR-129 |
411.65 |
413.90 |
2.25 |
4.21 |
|
BR-133 |
155.70 |
159.00 |
3.30 |
7.32 |
|
BR-133 |
163.35 |
188.50 |
25.15 |
15.45 |
|
BR-134 |
207.50 |
217.00 |
9.50 |
19.24 |
|
BR-135 |
325.00 |
328.00 |
3.00 |
24.61 |
|
BR-136 |
394.05 |
401.00 |
6.95 |
6.43 |
|
BR-137 |
214.45 |
217.95 |
3.50 |
174.59 |
|
BR-138 |
237.00 |
242.00 |
5.00 |
19.35 |
|
BR-139 |
314.25 |
319.75 |
5.50 |
22.81 |
|
BR-156 |
425.00 |
444.00 |
19.00 |
15.31 |
|
BR-157 |
459.60 |
469.55 |
9.95 |
7.99 |
|
BR-158 |
517.75 |
518.65 |
0.90 |
5.15 |
|
BR-159 |
605.00 |
606.65 |
1.65 |
65.34 |
|
BR-163 |
411.00 |
422.00 |
11.00 |
1.24 |
|
BR-164 |
325.45 |
327.60 |
2.15 |
60.30 |
|
BR-165 |
222.70 |
223.70 |
1.00 |
46.52 |
|
BR-166 |
265.10 |
270.20 |
5.10 |
28.26 |
|
BR-167 |
287.25 |
292.50 |
5.25 |
23.24 |
|
BR-167 |
296.50 |
299.30 |
2.80 |
52.83 |
|
BR-168 |
319.85 |
325.50 |
5.65 |
2.22 |
|
BR-169 |
137.95 |
148.50 |
10.55 |
11.57 |
|
BR-188 |
269.00 |
272.55 |
3.55 |
4.36 |
|
BR-189 |
126.20 |
129.75 |
3.55 |
5.79 |
|
BR-201 |
163.50 |
170.85 |
7.35 |
20.24 |
|
BR-202 |
71.80 |
76.50 |
4.70 |
8.48 |
|
BR-203 |
73.70 |
76.60 |
2.90 |
11.49 |
|
BR-204 |
83.10 |
88.10 |
5.00 |
17.11 |
|
BR-206 |
139.35 |
144.00 |
4.65 |
25.36 |
|
BR-216 |
187.10 |
191.00 |
3.90 |
10.23 |
|
BR-217 |
163.90 |
167.05 |
3.15 |
10.31 |
|
BR-218 |
77.70 |
79.95 |
2.25 |
106.40 |
|
BR-219 |
48.85 |
55.70 |
6.85 |
11.21 |
|
BR-220 |
231.30 |
231.80 |
0.50 |
24.80 |
|
BR-221 |
443.00 |
450.80 |
7.80 |
3.21 |
|
BR-223 |
524.50 |
530.50 |
6.00 |
10.53 |
|
BR-238 |
49.10 |
51.10 |
2.00 |
51.73 |
|
BR-242 |
83.80 |
87.50 |
3.70 |
15.96 |
|
BR-243 |
63.00 |
73.40 |
10.40 |
15.25 |
|
BR-245 |
405.00 |
406.60 |
1.60 |
62.13 |
|
BR-246 |
468.00 |
469.00 |
1.00 |
6.40 |
|
BR-250B |
226.15 |
228.00 |
1.85 |
63.51 |
|
BR-251 |
208.60 |
210.60 |
2.00 |
89.72 |
|
BR-252 |
102.00 |
115.50 |
13.50 |
8.18 |
|
BR-253 |
36.50 |
42.00 |
5.50 |
38.39 |
|
BR-254 |
25.50 |
30.45 |
4.95 |
4.95 |
|
BR-255 |
73.50 |
78.75 |
5.25 |
11.25 |
|
BR-320 |
138.90 |
139.50 |
0.60 |
24.40 |
|
BR-320 |
150.45 |
150.95 |
0.50 |
53.50 |
|
BR-321 |
276.55 |
279.05 |
2.50 |
29.52 |
|
*Represents core length. True mineralization widths range from 70 to 85% of reported intervals. |
About the Dixie Project
The 100% owned flagship Dixie project boasts one of the largest recent gold discoveries in a Canadian mining jurisdiction. Proximal to major infrastructure near the town of Red Lake, Ontario, the Dixie property comprises over 91.4 square kilometres of contiguous claims that extend over 22 kilometres with a paved highway and provincial power and natural gas lines. The property also hosts a network of well-maintained logging roads which facilitate access.
The 23 high-grade domains discussed in this release are structurally and geologically distinctive from the surrounding lower grade, bulk tonnage style gold mineralization. Together, they span a strike length of 4.2 kilometres and occur within larger stratigraphically controlled lower grade domains. They are characterized by high degrees of strain and/or transposed quartz vein zones following two distinct structural fabrics and transition from upper greenschist to lower amphibolite facies metamorphism. Gold in the high-grade domains is generally observed as free gold, is often transposed into, and overgrows the dominant structural fabrics, and is higher-grade on average than the surrounding bulk tonnage gold zones.
To date, Great Bear has completed a total of 630 drill holes (283,000 metres), identifying three high-grade gold discoveries. The most significant discovery is the large-scale "LP Fault" zone, which comprises high-grade disseminated gold mineralization within broad moderate-to-lower-grade envelopes in felsic volcanic and sediment units. LP Fault drilling has identified gold mineralization along 11 kilometres of strike length to date, and a detailed drill grid is being completed along approximately 4 kilometres of strike length. The nearby "Hinge" and "Limb" gold zones are more characteristic of the renowned Red Lake mined deposits, comprising gold-bearing quartz veins and silica-sulphide replacement zones hosted by mafic volcanic units. Over 80% of the Company's drill holes into the LP Fault, Dixie Limb and Hinge zones contain visible gold mineralization. Gold occurs mainly as free gold, neither bound to nor within sulphide minerals.
Great Bear adheres to industry-leading quality assurance / quality control (QA/QC) practices in data collection, analysis and disclosure, and detailed assays including all historical LP Fault drill hole data are available on the Company's website at https://greatbearresources.ca/projects/overview/dixie-project-data/.
About Great Bear
Great Bear Resources Ltd. is a Vancouver-based gold exploration company focused on advancing its 100% owned Dixie project in Northwestern Ontario, Canada. A significant exploration drill program is currently underway to define the mineralization within a large-scale, high-grade disseminated gold discovery made in 2019, the LP Fault. Additional exploration drilling is also in progress to expand and infill nearby high-grade gold zones, as well as to test new regional targets. The Company is currently in the process of compiling all historical data together with incoming assay results, with the goal of publishing an initial NI 43-101 compliant multi-million ounce mineral resource estimate for the Dixie project in early 2022.
Great Bear is a committed partner to all stakeholders, with a long-term vision of sustainable exploration to advance the Dixie project in a manner that demonstrates good stewardship of land, operational excellence and accountability.
QA/QC and Core Sampling Protocols
Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to Activation Laboratories in Ontario, an accredited mineral analysis laboratory, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 10.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Pulps from approximately 5% of the gold mineralized samples are submitted for check analysis to a second lab. Selected samples are also chosen for duplicate assay from the coarse reject of the original sample. Selected samples with visible gold are also analyzed with a standard 1 kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear's quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.
Qualified Person and NI 43-101 Disclosure
Mr. R. Bob Singh, P.Geo, VP Exploration, and Ms. Andrea Diakow P.Geo, VP Projects for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
ON BEHALF OF THE BOARD
"Chris Taylor"
Chris Taylor, President and CEO
Cautionary note regarding forward-looking statements
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
Such factors, among other things, include: impacts arising from the global disruption caused by the Covid-19 coronavirus outbreak, business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.
Great Bear undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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SOURCE Great Bear Resources Ltd.
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REE's EV platforms are designed to deliver significant operational & functional benefits and advance e-mobility
LONDON, Sept. 9, 2021 /PRNewswire/ — Based on its recent analysis of the global automotive EV platform market, Frost & Sullivan recognizes REE Automotive Ltd. (Nasdaq: "REE") with the 2021 Global EV Platform Company of the Year Award.
REEcorner™ technology packs critical vehicle components (e.g. steering, braking, suspension, powertrain and control) into a single compact module located between the chassis and the wheel, thus enabling fully-flat EV platforms. REE's modular EV platforms are designed to offer enhanced payload capacity by providing more room for carrying passengers, cargo and batteries and enhanced body design flexibility and autonomous capability. REE's EV platforms are built to provide significant value to original equipment manufacturers (OEMs) delivery and logistic companies, e-commerce retailers, Mobility-as-a-Service and new mobility players, with the goal of allowing them to introduce new EV models rapidly and at lower costs.
"Powered by x-by-wire technology, REE's corner module moves the vehicle's core functions into a compact area between the chassis and the wheel. It ensures improved steering, braking, suspension, and drive capability, with front, rear, and all-wheel drive options and comprehensive drive-by-wire, brake-by-wire, and steer-by-wire technology," said Benny Daniel, vice president at Frost & Sullivan.
REE's EV platforms based on the REEcorner technology are designed to enable greater vehicle design flexibility, lower maintenance costs, capability upgrades via over-the-air technology, and interoperability with sophisticated driver aid systems amongst other benefits. Moreover, the company is well-positioned to support sustainability initiatives with platforms geared to meet zero-emissions requirements.
The REE corner module design can power modular EVs with high load capacity including flexible battery packaging and sizing for transporting passengers and cargo. These benefits are geared to afford a low total cost of ownership, and shorter development time frames than traditional EV skateboard chassis designs. The platform's scalability makes it ideal for an extensive range of EV deployments, including commercial vehicles, mobility-as-a-service providers and last-mile and logistics companies.
"REE's disruptive technology is adaptable to a spectrum of target markets and applications. Its REE corner technology is designed to allow OEMs to create customized EV platforms while still reducing the time-to-market of new models," noted Norazah Bachok, Best Practices research analyst at Frost & Sullivan. "Overall, REE's delivery of advanced e-mobility services to customers through its modular and unique technology solidifies its leadership position within the corner modules industry."
Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership of customer value and market penetration.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.
Contact:
Bianca Torres
P: 1.210.477.8418
E: bianca.torres@frost.com
About REE Automotive Ltd.
About REE Automotive
REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE's mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.
Headquartered in Tel Aviv, Israel, with subsidiaries in the USA, the UK and Germany, REE has a CapEx-light manufacturing model that leverages its Tier 1 partners' existing production lines. REE's technology, together with its unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.
For more information visit: www.ree.auto
Media
Keren Shemesh
Chief Marketing Officer | REE Automotive
+972-54-5814333
media@ree.auto
Investor Relations
Limor Gruber
VP Investor Relations | REE Automotive
+972-50-5239233
investors@ree.auto
Caution About Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plan," "projects," "believes," "views," "estimates", "future", "allow", "aims", "strives" "endeavors" and similar expressions are used to identify these forward-looking statements. These statements include, among other things, the Company's statements about the Company's strategic and business plans, relationships or outlook, the impact of trends on and interest in its business, intellectual property or product and its future results. These forward-looking statements are based on REE's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond REE's control. Forward-looking statements in this communication or elsewhere speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect REE's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: REE's ability to commercialize its strategic plan; REE's ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE's advanced prototypes into marketable products; REE's ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE's estimates of unit sales, expenses and profitability and underlying assumptions; REE's reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE's limited operating history; risks associated with plans for REE's initial commercial production; REE's dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that the Company is incorporated in Israel and governed by Israeli law; REE's ability to make continued investments in its platform; the impact of the ongoing COVID-19 pandemic and any other worldwide health epidemics or outbreaks that may arise; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE's ability to enforce, protect and maintain intellectual property rights; REE's ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in REE's final prospectus relating to its business combination filed with the U.S. Securities and Exchange Commission (the "SEC") on July 1, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and the list of factors presented in the final prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
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SOURCE Frost & Sullivan
TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce the appointment of Mr. Edmond Thorose, MBA, B.Sc (Hons) to the position of President of the Company, effective immediately.
Since 2010, Mr. Thorose has been engaged in a corporate development role, first with Victoria Gold Corp, where he was responsible for evaluating M&A opportunities in the Americas, performing detailed due diligence on dozens of precious metals projects and from 2015 to 2019 at Red Cloud Klondike Strike Inc., as VP Corporate Development to identify and assess M&A opportunities for clients.
In his most recent role as Advisor to Blue Thunder Mining Inc., Mr. Thorose played an important role consolidating that company’s strategic property portfolio in the Chibougamau Gold District of Quebec, Canada, via numerous transactions. Mr. Thorose holds an Honours Bachelor of Science degree in Terrain and Environmental Earth Sciences from the University of Toronto and an MBA from the Schulich School of Business.
Chad Williams, Executive Chairman of Honey Badger commented, “I take considerable pride in appointing Ed to this leadership position. His experience sourcing and evaluating assets and executing transactions will be of great benefit to our Company as we expand our silver inventory.”
For more information, please visit our website above, or contact: Ms. Christina Slater at cslater@honeybadgersilver.com.
About Honey Badger Silver Inc.
Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development, and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon, Honey Badger Silver is positioning to be a top tier silver company.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release and any other information herein that is not a historical fact may be "forward-looking information".
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger Silver to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, but are not limited to, volatility in the trading price of common shares of the Company; risks relating to the ability of the Company to obtain required approvals, complete definitive documentation; ability of the Company to complete further exploration activities; the results of exploration activities; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR (www.sedar.com) under Honey Badger Silver's issuer profile.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


Montreal, Quebec–(Newsfile Corp. – 9 septembre 2021) – Ressources Minières Vanstar Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) (la « Société ») a le plaisir d'annoncer qu'elle commencera un programme de forage sur sa propriété Felix. Une foreuse arrivera sur le site cette semaine pour lancer un programme de forage de 2 000 m pour tester des cibles aurifères au sein d'une formation de fer identifiées par la géophysique.
Un levé de polarisation provoquée (PP) récemment réalisé sur la propriété Felix était concentré sur une partie à l'ouest de la propriété là où il y a une formation de fer rubanée plissée (figure 1). Plusieurs anomalies de chargeabilité et de résistivité ont été identifiées et elles sont coïncidentes aux conducteurs MEGATEM historiques. Par conséquent, la Société a conçu un programme de forage sur la propriété (figure 2) pour intercepter un certain nombre de conducteurs associés à un pli de la formation de fer.
Figure 1: Zone du levé PP sur la propriété Felix
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Figure 2: Levé PP et sondages planifiés
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Nellligan
Le forage sur Nelligan se déroule bien et la partie du programme du forage de définition est maintenant terminée. Le forage sur l'extension ouest du gisement a commencé et se continuera vers l'ouest par incréments de 200 m pour vérifier l'extension de la zone de minéralisation connue. J.C. St-Amour, président et chef de la direction, a récemment visité la propriété et a déclaré: « Nous sommes heureux de voir le forage progresser selon la planification et de voir les efforts qu'IAMGOLD met dans le projet. Les échantillons de forage sont au laboratoire d'analyse et seront annoncés dès qu'ils seront disponibles.
St-Amour a été interviewé à partir de la carothèque, qui peut être vu en anglais ici https://youtu.be/YqvPspGNpts.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=YqvPspGNpts
Frida et Eva
L'entreprise mobilise une équipe sur place pour mener un programme de prospection et d'échantillonnage sur les projets Frida et Eva. Les travaux devraient être commencez vers le 14 septembre.
À propos du projet Felix
Le projet Felix est situé dans un environnement d'origine volcanosédimentaire comprenant une unité de roche volcanique au nord, une autre au sud et la partie centrale est occupée par des roches sédimentaires. Des intrusions tardives sous forme de batholithes, de plutons ou de dykes sont également notées tout autour de la propriété. La propriété repose principalement sur les roches du Groupe de Chicobi. Le bassin sédimentaire contient des mudstones et des grès turbiditiques graphitiques, avec une formation mineure de fer rubanée magnétite-chert et hématite-jaspe et un conglomérat. Une importante formation de fer de type Algoma est présente dans la partie nord de la propriété. Les teneurs aurifères recoupées dans le forage historique sont situées près du contact sud de ce dernier. De plus, la faille régionale Chicobi-Nord traverse la partie nord de la propriété. Cette faille, de dimension régionale, borde le camp minier de Normétal au sud. Le projet est situé dans le prolongement est de ce camp minier où il y a d'anciennes mines de sulfures massifs et de nombreux indices d'or, comme ceux de l'ancienne mine d'or Perron sur lesquels Amex Exploration travaille activement. Des zones de cisaillement parallèles à la faille Chicobi-Nord se trouvent également dans les sédiments du Groupe de Chicobi comme en témoigne l'indice aurifère Authier situés à l'ouest de la propriété.
M. Gilles Laverdière, géologue-conseil et personne qualifiée en vertu du Règlement 43-101, a lu et approuvé le présent communiqué de presse.
À propos de Vanstar
Vanstar Mining Resources Inc. est une société d'exploration aurifère avec des propriétés dans le nord du Québec à différents stades de développement. La Société détient une participation de 25% dans le projet Nelligan (3,2 millions d'onces d'or inférées, NI 43-101 octobre 2019) et 1% NSR. Le projet Nelligan a remporté le prix « Découverte de l'année » lors du gala Xplor 2019 de l'Association d'exploration minière du Québec. Vanstar détient également 100% de la propriété Félix en développement dans le groupe de Chicobi (camp minier Abitibi, 65 km à l'est de la propriété Amex Perron) et 100% d'Amanda, une propriété de 7 306 ha située sur la formation Auclair avec des indices aurifères historiques titrant jusqu'à 12,1 g / t Au sur 3 mètres.
La Bourse de croissance TSX et son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n'acceptent aucune responsabilité quant à la véracité ou l'exactitude de ce contenu.
SOURCE :
JC St-Amour
Président et PDG
+1 (647)-296-9871
jc@vanstarmining.com
www.vanstarmining.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95906
VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to advise that Ausenco Engineering Inc. has been awarded the contract to conduct an updated Preliminary Economic Assessment Study (“PEA”) to evaluate a new development strategy for the Cañariaco Norte Project. The updated PEA study will commence immediately and is estimated to take approximately 12 weeks to complete.
Ausenco is committed to deliver an outcome that will leverage conceptual work completed in the recent desktop study to maximize shareholder value through a project concept that is financeable and executable in the current market environment. Ausenco has a deep understanding of the spectrum of activities that need to be executed through the PEA as well as the subsequent phases, to reduce risk and ensure a seamless and expedited advancement of the project.
The scope of work will include cost-effective mining, process plant and infrastructure design concepts, as well as managing the overall NI 43-101 PEA to drive value-adding initiatives across the entire project, meeting Candente Copper’s ESG vision.
“Ausenco is well positioned to deliver a PEA which can be significant to shareholder value with their team of innovative thinkers, extensive mineral processing expertise and other experienced subject matter experts. They have a culture that focuses on finding a better way to enhance project economics and drive down capital as demonstrated during the Cañariaco Norte desktop study and many other recent studies, on projects and studies of comparable size and complexity to Cañariaco,” stated Joanne Freeze.
Recent Ausenco work in Peru includes the following projects:
Marcobre’s Mina Justa Project PFS, FS and EPCM;
Nexa Resources Magistral PFS;
Antamina DBN and CCS PFS; and
Hudbay Peru Constancia Copper FS and EPCM.
*PFS, FS, EPCM, DBN, CCS are abbreviations for: Pre-feasibiity; Feasibility; Engineering, Construction and Procurement Management; Debottlenecking; Crushing, Conveying and Stockpiling.
About Candente Copper
Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company’s most advanced project is its 100% owned Cañariaco project, which includes the Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.
Joanne C. Freeze, P.Geo., CEO, Candente Copper is a Qualified Person as defined by National Instrument 43-101 for the projects discussed above and has reviewed and approved the contents of this release.
This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente Copper relies upon litigation protection for forward-looking statements.
On behalf of the Board of Candente Copper Corp.
“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:
info@candentecopper.com
www.candentecopper.com
NR-137


GRAND BAIE, Mauritius, Sept. 09, 2021 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 4,000,000 common shares to directors and employees of Alphamin’s subsidiaries under its stock option plan. Each option is exercisable for a seven year term to acquire one common share at a price of C$0.78 per share. The options granted vest over differing periods of between fifteen months and four years from the date of grant.
FOR MORE INFORMATION, PLEASE CONTACT:
Maritz Smith CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: msmith@alphaminresources.com
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 news release.
Edmonton, Alberta–(Newsfile Corp. – September 9, 2021) – Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) ("Grizzly" or the "Company) is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange that is focused on developing its precious and base metals properties, comprising over 156,000 acres, including its Robocop copper-cobalt project in southeastern British Columbia.
The global shift to clean energy systems, primarily electricity networks, is set to drive a huge increase in the requirements of copper and aluminum, with copper being a cornerstone for all electricity-related technologies, meaning that the energy sector is emerging as a major force in mineral markets.
Recently, Bloomberg's James Attwood, wrote that according to estimates from CRU Group, the copper industry needs to spend upwards of $100 billion to close what could be an annual supply deficit of 4.7 million metric tons by 2030 as the clean power and transport sectors take off. Commodities trader Trafigura Group adds that the deficit could grow to 10 million metric tons annually if no new mines are built. Closing this annual gap would require building the equivalent of eight projects the size of the BHP Escondida property in Chile, the world's largest copper mine.
An April 2021 report from the International Energy Agency (IEA), states that at the end of 2020 there were 10 million electric vehicles (EV) on roads around the world, an increase of some 3 million over the previous year. Registrations of EVs increased by 41% during the year, while those of non-electric cars actually dropped by 16% due to the pandemic. There can be little doubt that the future for vehicles is electric. This trend will have a great impact on the mining world.
Minerals used in electric cars compared to conventional cars
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As an exploration company, Grizzly is well-positioned for a potential business combination with a large multinational. Companies including Rio Tinto and BHP, often buy out smaller companies that have completed successful exploration projects. The process of mining is very expensive. So a junior exploration company buy-out is a win-win situation. Juniors are the tip of the spear when it comes to finding mines.
Over the past decade, the average amount of minerals needed for a new unit of power generation capacity has increased by 50% as the share of renewables in new investment has risen. A typical electric car requires six times the mineral input of a conventional car, and an offshore wind plant requires 13 times more mineral resources than a similarly sized gas-fired power plant.
Brian Testo, President and CEO of Grizzly Discoveries stated, "Grizzly has significant potential for new copper-cobalt discoveries during a time when demand for battery metals is surging due to the shift to renewable energy sources and electric vehicles. We are looking forward to commencing an initial Phase 1 program over the next couple of months to isolate drill targets in preparation for a Phase 2 – 2021 drill testing. The Robocop geology and anomalies have the potential to be world-class discoveries."
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Chris Beltgens
Corporate Development
Tel: 604 347 9535
Email: cbeltgens@grizzlydiscoveries.com
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.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95955
MISSISSAUGA, Ontario, Sept. 09, 2021 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company”) (TSX-V: CCB), (FF: U7N1) is pleased to announce that a field prospecting campaign was completed over historical electromagnetic anomalies (‘EM’) on its Asbury claims (‘the Property’).
From July 26, 2021 to July 30, 2021, a nine person team prospected, mapped and sampled the property equipped with two Bm4+ ‘Beep Mat’ electromagnetic detectors used to follow multiple conductors found in a 2013 Heliborne Magnetic and TDEM survey by Focus Graphite (DUBE,2013). Three geological fold patterns in the conductor anomalies were defined from the 2013 survey. Folding is very significant for graphite exploration since it can allow a thickening and enrichment of the graphitic horizon along the fold hinge. One of these folds is located at the historical Asbury mine, whereas two others had yet to be investigated in detail.
The Property is overlain by one to two metres of glacial till, as is commonly encountered in this part of Quebec. A team using a Beep Mat EM detector attempted to locate the aerial conductors by crossing the surface perpendicular to their strike. When a conductive target was identified, trenching was conducted in an attempt to sample any subcropping mineralization. Other team members scouted the area seeking potential outcrop or mineralized boulders at surface. As the Beep Mat could only detect conductors within one metre of surface, a number of the aerial conductors were not confirmed during this preliminary survey.
A total of 59 grab samples were taken, and were bagged and tagged on site. Figure 1 shows conductor anomalies on the Property and the associated rock samples taken during the field work which will provide the Company with a strong indication as to the potential grade and quantity of graphite associated with some of the conductors.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Additionally, the Company took 42 till samples, located glacially down-ice from the conductive anomalies. These till samples will be assayed to determine whether there may be zones of enriched mineralization not detected in the grab sampling program.
All of the samples were shipped to Actlab in Ancaster, Ontario for graphitic carbon (“Cg”) analysis. Both rock and till samples will be prepared using method RX1-Graphitic in which the samples undergo drying, crushing up to 90% passing through a #10 square-mesh screen, riffle splitting (250 gram) and pulverization to 95% passing a 105 um square-mesh screen. Graphitic carbon is then determined by multistage furnace treatment and infrared absorption, with a 0.05% detection limit using analysis package 4F-C-Graphitic.
The Company’s next step will be to proceed with a PhiSpy survey (a ground TDEM survey), followed by a second prospecting survey to assay the near-surface conductor anomalies. The review of historical data is still on-going, and will be combined with recent field observations. Based on this field work and analysis of historical data conducted to-date, we recently acquired an additional 3 claims in the area contiguous to our existing claims.
Olga Nikitovic, Interim CEO, commented, “We are pleased to start exploration work on the promising Asbury Property. The large number of conductive anomalies, some in folded structures as seen at the past-producing Asbury Mine, are encouraging signs that we may discover significant graphite mineralization on the Property. Assessing the quality of the graphite will be one of our priorities as we move forward in our exploration program.”
The Asbury Property.
The Asbury Property contains the past-producing Asbury Graphite Mine, and is comprised of 25 claims, for a total of 1,385 ha. It is located 8.1km northeast of Notre-Dame-Du-Laus in the Laurentides Region of southern Quebec. The property belongs to the Grenville Province with varying degrees of metamorphism. The eastern portion of the property is composed of crystalline limestone, quartzite and paragneiss with a band of graphitic limestone contained within a blue grey biotitic quartzite. Marble and impure quartzite are found within the property, containing graphite flakes and garnets. These rocks are in accordance with the proposed skarn type deposit found in Asbury (Charbonneau, 2012).
The Asbury claims include some land held by private landowners however, the 8.48KM total length of EM conductors which the Company is targeting are not located on privately held land.
Qualified Person
Steven Lauzier, P.Geo. OGQ, a Qualified Person as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content of this news release.
For further information:
Olga Nikitovic
Interim CEO
Canada Carbon Inc.
info@canadacarbon.com
“Neither 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.”
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).


VANCOUVER, BC / ACCESSWIRE / September 9, 2021 / GREAT ATLANTIC ESOURCES CORP. (TSXV:GR)(FRA:PH01) (the "Company" or "Great Atlantic") is pleased to announce it is continuing to drill but has completed the first seven drill holes of the 2021 diamond drilling program at its Keymet Base Metal – Precious Metal Project, located in Northern New Brunswick. The drilling program is testing numerous target areas in the northwest region of the property. Veins containing semi-massive sulfides (including copper, zinc and lead sulfides) and arsenopyrite (an indicator for potential gold mineralization) were intersected in multiple holes. Analytical results are pending.
Semi-massive sulfides (chalcopyrite, sphalerite, galena and pyrite) in Ky-21-27
The seven holes completed to date during 2021 (Ky-21-23 to Ky-21-29) tested areas of polymetallic (zinc, copper, lead and silver) veins; untested electromagnetic anomalies; and gold bearing bedrock and float.
The Company previously discovered high grade gold, silver, copper and zinc in this region, including a drill intercept of 9.04% zinc, 9.19% copper and 1,158 gams per tonne (g/t) silver over 3.00 meters core length and a boulder sample returning 51 grams / tonne (g/t) gold.
Five of the seven holes completed to date during the 2021 program have intersected veins hosting copper, zinc and lead sulfide mineralization, including veins with semi-massive sulfides. These include drill holes Ky-21-23 which tested the possible extension of the Elmtree Silver Mine vein occurrence southeast of the historic shaft; Ky-21-25 which tested a new target area; Ky-21-27 and Ky21-28 which tested the Elmtree 12 polymetallic vein system; and Ky-21-29 which was the first drill hole into an electromagnetic anomaly.
Five of the seven holes completed to date (Ky-21-25 to Ky-21-29) during the 2021 program have intersected intervals with arsenopyrite mineralization. Previous work by the Company has identified gold mineralization associated with arsenopyrite mineralization in this region of the property.
Drill hole Ky-21-30 is currently underway, testing deeper than previous drilling in the Elmtree 12 vein system.
The drill core is being geologically logged and with mineralized intervals (with base metal sulfides and arsenopyrite) being sampled. Half core samples will be submitted to an independent laboratory for multi-element analysis (including gold, zinc, copper, lead and silver). The 2021 exploration program is being managed by a Qualified Person.
High grade silver and lead is reported at the Emtree Silver Mine historic workings by the New Brunswick Department of Energy and Resource Development.
Great Atlantic discovered high-grade zinc, copper and silver mineralization at the Emtree 12 polymetallic vein system during 2015 – 2018 drilling programs including:
Ky-15-3: 16.68% Zn, 1.11% Cu, 0.44% Pb and 152 g/t Ag over 1.80 meters.
Ky-15-4: 8.68% Zn, 0.29% Cu, 0.20% Pb and 44 g/t Ag over 4.28 meters.
Ky-17-6: 7.67% Zn, 1.57% Cu, 0.48% Pb and 209 g/t Ag over 4.95 meters.
Ky-18-10: 7.91% Zn, 0.53% Cu, 0.21% Pb and 77 g/t Ag over 3.27 meters.
Ky-18-12: 8.90% Zn, 3.81% Cu, 0.60% Pb and 157 g/t Ag over 1.20 meters.
Ky-18-14: 9.04% Zn, 9.19% Cu, 2.16% Pb and 1,158 g/t Ag over 3.00 meters.
Ky-18-14: 12.08% Zn, 0.31% Cu, 0.30% Pb and 59 g/t Ag over 4.50 meters.
The Company is also conducting prospecting and rock / soil geochemical sampling during 2021 in the central region of the property with a focus on gold.
Historic Keymet Base Metal – Silver Mine (1950s)- burnt down and was never recapitalized
Located 8KM away from the previous operating Nigadoo Mine that operated for over twenty years
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
Historic gold bearing sampling and gold soil anomalies referred to in the news release have not been verified by a Qualified Person.
The Keymet Property covers an area of approximately 3,400 hectares and is 100% owned by the Company.
On Behalf of the board of directors
"Christopher R Anderson"
Mr. Christopher R. Anderson "Always be positive, strive for solutions, and never give up"
President CEO Director
Investor Relations:
Andrew Job
1-416-628-1560
IR@GreatAtlanticResources.com
Office Line 604-488-3900
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither 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.
SOURCE: Great Atlantic Resources Corp.
View source version on accesswire.com:
https://www.accesswire.com/663269/Great-Atlantic-Drilling-Update–Intersects-Base-Metal-Sulfides-in-Semi-Massive-Sulfide-Veins-and-Indicator-Mineral-for-Gold-Mineralization–100-Owned-Keymet-Precious-Base-Metal-PropertyNew-Brunswick
Extensive Portfolio of Pioneering Clean Technologies; Cellulosic Biofuels
VIRGINIA CITY, Nev., Sept. 09, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced its acquisition of 100% of the issued and outstanding equity of Plain Sight Innovations Corporation (“PSI”) in exchange for 8,500,000 restricted shares of its common stock, and all of the intellectual property assets of PSI’s affiliate, FLUX Photon Corporation (“FPC”), in exchange for a performance-based cash payment equal to 20% of the Company’s future consolidated net cash flow from operations up to $18,000,000.
PSI’s management team has deep experience in a diverse array of industries, including renewable fuels, hazardous waste, agriproducts, and other commodities with almost thirty years of clean technology research, development, and commercialization expertise, with an emphasis on the extraction and valorization of natural resources.
PSI owns an array of patented, patent-pending and proprietary process technologies that were designed to convert low cost, ubiquitous woody biomass feedstocks into cellulosic ethanol, while producing a portfolio of co-products, including renewable diesel and an extraordinary new form of biomass-derived crystalline graphite, or biographite, with compelling applications in the production of carbon neutral batteries and other electrification components. PSI also operates a commercial pilot cellulosic fuel facility based on its technologies in Wisconsin, where it has already proven the ability to efficiently convert various forms of woody biomass into cellulosic ethanol and co-product precursors for renewable diesel, biographite, bioplastics, and a portfolio of carbon neutral alternatives to fossil fuels.
The Path to Decarbonization is in Plain Sight
The transportation sector is expected to dramatically increase the production of electric vehicles to more than 30% of all auto sales by 2030. However, more than two thirds of the energy required to power those electric vehicles is expected to come from burning fossil fuels, and the direct combustion of liquid fuels will most certainly continue to be the dominant source of power for transportation for decades. Burning less, burning smarter, and reusing emissions are therefore critical objectives as the world moves to clean energy and decarbonization.
“Renewable fuels provide a critical pathway for decarbonization, however, most current forms of renewable fuel draw from the same pool of conventional feedstocks, including corn and various vegetable oils in the U.S., and the entire universe of those feedstocks only represents a tiny fraction of the domestic burn,” said David Winsness, PSI’s founder and Chief Executive Officer. “Unfortunately, the lifecycle carbon benefits of growing, harvesting, and using conventional feedstocks are extremely limited. Our technologies were designed to address that dilemma by converting abundantly available forestry wastes, short rotation energy crops, and other low-cost sources of woody biomass into natural liquid fuels with vastly superior benefits for a fraction of the refining costs of conventional renewable fuels.”
The U.S. Department of Energy has estimated that more than one billion tons of forestry wastes and other forms of biomass will be produced annually by 2027 with continued growth thereafter. That’s enough new feedstock to produce as much as 70 billion gallons per year of advanced carbon neutral fuels with PSI’s proven technologies, or more than one third of the U.S. transportation demand on an energy equivalent basis.
Cellulosic Fuels
“That’s enough feedstock to rapidly neutralize motor fuel emissions in conjunction with America’s transition to electrification and renewable energy,” added Winsness. “PSI’s cellulosic fuels facilities will be the first of their kind, with an expected financial, natural, and social impact far in excess of any other platform, renewable or otherwise.”
PSI’s first facility is expected to scale up to an initial capacity exceeding 330,000 tons per year of forestry wastes over its first three years of operations, as it extracts, converts, and refines biomass into ethanol, renewable diesel fuel, and biographite to generate annualized revenues exceeding $86,000,000, $173,000,000, and $346,000,000 per year during the facility’s first three full years of operations, respectively, as shown in the following summary projections:
|
2023 |
2024 |
2025 |
2026 |
|||||||||
|
Throughput (tons per year) |
33,000 |
85,500 |
165,000 |
330,000 |
||||||||
|
Revenue ($000s per year) |
$ |
34,626 |
$ |
86,565 |
$ |
173,131 |
$ |
346,262 |
Comstock’s Executive Chairman and Chief Executive Officer, Corrado De Gasperis, commented, “Cellulosic fuel production, like lithium-ion battery recycling and industrial hemp production, is poised for, and we are planning for, exponential growth. Our guidance for these three businesses represents just one facility each and we are planning for over one hundred cellulosic fuel facilities in the U.S. alone. That level of production barely dents the transportation fuels market, yet it represents a meaningful impact on shifting consumption and the resulting decarbonization.”
Ecosystem of Strategic Feedstocks, Processes, and Products
PSI’s technologies are especially important to the Company’s plans to build a synergistic ecosystem of strategic lines of business and production facilities with complimentary feedstocks and products, supported by world class technological and engineering talent. The Company’s ability to systemically discover, develop, engineer, manufacture and commission its own solutions, represents a remarkable competitive advantage that enables speed.
Benchmark Mineral Intelligence estimates that the major automakers have committed over $300 billion to developing electric vehicles (“EVs”) and that over 2,000 GWh of lithium-ion battery (“LIB”) production capacity is in the pipeline. That amount of production in turn equates to 1.4 million tons of new annual graphite demand by 2028. Conventional graphite comes from natural deposits or the carbonization of petroleum products, with market values ranging from about $10,000 per ton for natural graphite to $20,000 per ton for synthetic graphite.
De Gasperis continued, “Most of my relevant experience comes from managing the global manufacturing of carbon-based, material-science products, particularly synthetic graphite. I was literally stunned by PSI’s discovery of a natural source of carbon neutral biographite. When we consider that every cathode in every lithium-ion battery needs an anode, and most anodes are made from synthetic graphite which is substantially all produced with carbon intensive fossil fuel derivatives, then we understand that that industry is not climate smart or clean. We can fundamentally change the game by introducing the world’s first scalable carbon neutral alternative to fossil fuel derived graphite.”
PSI’s intellectual property portfolio also includes remarkably advanced new approaches to carbon capture and utilization, atmospheric water harvesting, waste heat and energy recovery, and industrial photosynthesis for terascale decarbonization and the sustainable production of very large agricultural outputs for fractional inputs.
About Comstock Mining Inc.
Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.
Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.
Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.
|
Contact Information |
||
|
Comstock Mining Inc. |
Corrado De Gasperis |
Zach Spencer |


Wall Street flourished in the first eight months of 2021 despite facing intermittent fluctuations. However, the northward journey has halted a little bit in early September — historically the worst-performing month on Wall Street.
The rapid pace of the highly infectious Delta variant of coronavirus raised serious concerns among investors about a possible decline in U.S. economic growth. A series of recently released weak economic data also dented market participants’ confidence.
U.S. stock markets are likely to remain subdued as market participants are waiting for the Fed’s decision on the tapering of the $120 billion per month bond-buy program in the next FOMC meeting scheduled for Sep 21-22.
However, the fundamentals of the U.S. economy remain strong. Sky-high personal savings, soaring corporate profits, businesses’ eagerness to expand the scale of operations and recruit more manpower and the Biden administrations’ proposed infrastructure plans should drive Wall Street in the rest of 2021.
At this stage, it will be prudent to invest in S&P 500 stocks with a favorable Zacks Rank that have witnessed positive earnings estimate revisions within the last 30 days. The combination of these two features is expected to drive stock prices in the near future.
On Sep 8, the Fed published its Beige Book wherein it was stated that from early July through August, economic growth in the United States “downshifted slightly to a moderate pace.” The reasons were the resurgence of coronavirus, lingering supply-chain disruptions and a shortage of labor.
Nonfarm payrolls in August were highly disappointing. The index of both consumer confidence and consumer sentiment dropped significantly last month. Manufacturing and services PMIs declined in August, but remained elevated. Inflation rates stayed at a 30-year high.
Consumer spending, the largest component of U.S. GDP, rose a mere 0.3% in July after jumping 1.1% in June. The gradual fading out of the fiscal stimulus and the spread of the Delta string are the main reasons for this drop in personal spending. The stimulus money will reduce further as the weekly unemployment benefit terminated on Sep 6.
On Sep 8, Treasury Secretary Janet Yellen stated that the Treasury Department would exhaust at some point of time in October, its extended efforts to timely pay the federal government’s bills and urged Congress to raise or suspend the debt limit for preventing a default. Yellen stated in a letter to House Speaker Nancy Pelosi that a delay could cause “irreparable damage to the U.S. economy and global financial markets.”
The above-mentioned negatives will also act as positives for the U.S. economy. The Fed is unlikely to change its ongoing ultra-dovish monetary policies anytime soon as Fed Chair Jerome Powell clearly said that the economy has to improve a lot, especially related to the labor market, to achieve the Fed’s target of substantial progress. The central bank will think about readjusting accommodative stances only after the economy achieves that target.
After September, the Fed’s next FOMC meeting will be held in November. Even if the central bank takes any sort of tapering decision in that meeting, the actual implementation is unlikely to take place before early 2022. As a result, a hike in the benchmark interest rate, which is currently as low as 0-0.25%, will possibly not materialize before late 2023.
Moreover, a lack of weekly unemployment benefits may reduce personal consumption expenditure (“PCE”). Therefore, the resurgence of coronavirus and the lack of fiscal stimulus are expected to reduce demand-pull inflation.
The Institute of Supply Management revealed in its U.S. manufacturing PMI report for August that the Prices Paid Index (input costs to manufacturers) dropped to 79.4% in August from 85.7% in July and 92.1% in June. The gradual decline in this key index has clearly indicated that the cost-push inflation in the U.S. economy is possibly dwindling.
Finally, total earnings of the S&P 500 Index are currently projected to grow 26.2% year over year on 13.7% higher revenues in third-quarter 2021 after earnings soared 94.6% on 24% higher revenues in second-quarter 2021. Total earnings of the S&P 500 are expected climb 42.6% year over year on 13.0% higher revenues in 2021 and increase 9.3% year over year on 6.7% higher revenues in 2022.
We have narrowed down our search to five S&P 500 stocks that have skyrocketed more than 35% year to date and still have solid upside left for the rest of 2021. These stocks have witnessed strong earnings estimate revisions over the last 30 days. Each of our picks sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Nucor Corp. NUE is a leading producer of structural steel, steel bars, steel joists, steel deck and cold-finished bars in the United States. It operates through three segments: Steel Mills, Steel Products, and Raw Materials.
The company is seeing consistent momentum in the non-residential construction market. Demand in non-residential construction markets was strong in the most recent quarter. Nucor’s downstream products unit is benefiting from the continued strength in the non-residential construction markets.
The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for its current-year earnings improved 10.8% over the last 30 days. The stock price has soared 110.9% year to date.
Devon Energy Corp. DVN is primarily engaged in the exploration, development, and production of oil, natural gas and natural gas liquids in the United States and Canada. Its diversified portfolio and focus on high-margin assets hold significant long-term growth potential. Devon Energy is focused on advanced technology to produce high oil volumes from wells and implement cost savings initiatives.
The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 1.1% over the last 7 days. The stock price has jumped 78.5% year to date.
LKQ Corp. LKQ distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty.
The company is benefiting from its strategic buyouts like the Elite Electronics buyout and the acquisition of Green Bean Battery and Greenlight Automotive. It is witnessing ongoing recovery in demand in its North American and European segments, along with robust strength in its Specialty segment and the trend is likely to continue.
The company has an expected earnings growth rate of 42% for the current year. The Zacks Consensus Estimate for its current-year earnings improved 1.4% over the last 7 days. The stock price has rallied 44.3% year to date.
Deere & Co. DE is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology and features to help make farming automated and to expand in precision agriculture will drive growth in the long haul.
The company has an expected earnings growth rate of more than 100% for the current year (ending October 2021). The Zacks Consensus Estimate for current-year earnings improved 5.1% over the last 30 days. The stock has climbed 37.6% year to date.
The Mosaic Co. MOS produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. It operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes.
Demand for phosphate and potash in North America remains strong in 2021. Strong grower economics and crop commodity prices are driving fertilizer demand globally. The company should also gain from higher prices. The acquisition of Vale Fertilizantes is also expected to deliver significant synergies. Mosaic is also expected to benefit from its cost-reduction initiatives.
The company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for its current-year earnings improved 5.6% over the last 7 days. The stock price has surged 35.3% year to date.
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To read this article on Zacks.com click here.
Montreal, Quebec–(Newsfile Corp. – September 9, 2021) – Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to announce that it is initiating a drilling program on its Felix property. A drill is expected to arrive on site this week to initiate a 2,000 m drill program that was designed to test gold targets within an iron formation identified with geophysics.
A recently completed IP survey focused on a western portion of the property underlain by a folded banded iron formation (Figure 1) identified a number of chargeability and resistivity anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company has designed its drilling program (Figure 2) to intercept several conductors associated with the structural fold of the iron formation.
Figure 1: Felix Property IP Survey Area
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/95902_b2bae6ddb40deb04_002full.jpg.
Figure 2: IP Survey and Planned Holes
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8185/95902_b2bae6ddb40deb04_003full.jpg.
Nelligan
Drilling on Nelligan is proceeding well with the infill drilling portion of the program completed. Drilling on the western extension of the deposit has begun and intends to step out to the west in 200 m increments to expand on the known mineralization. J.C. St-Amour, President and CEO, recently visited the property and stated "We are pleased to see the drilling progressing well and to see the efforts that IAMGOLD are putting into the project. Drill samples are in the assay lab and will be release as they become available to the company."
Mr. St-Amour conducted an interview from the core shack, which can be viewed here https://youtu.be/YqvPspGNpts.
Cannot view this video? Visit:
https://www.youtube.com/watch?v=YqvPspGNpts.
Frida and Eva
The company is mobilizing a ground crew to conduct a prospecting and sampling program on the Frida and Eva projects. Work is expected to begin in and around September 14th.
About the Felix Project
The Felix project is located in an environment of volcano sedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property.
Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release.
About Vanstar
Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.
SOURCE :
JC St-Amour
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95902.
DENVER, CO / ACCESSWIRE / September 9, 2021 /Solitario Zinc Corp. ("Solitario") (NYSE American:XPL); (TSX:SLR) is pleased to announce that it is participating in the Denver Gold Forum, September 12-15th, 2021. President and CEO, Chris Herald will host virtual one on one meetings during the event and will deliver an online presentation and corporate update on Monday, September 13th at 2:00pm Mountain. The presentation will feature the recently acquired Golden Crest gold project in South Dakota, as well as the advanced Florida Canyon and Lik high-grade zinc projects. View webcast and replay here. For more information on the conference please visit https://www.goldforumamericas.com/
About Solitario
Solitario is an emerging zinc and gold exploration and development company traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its newly acquired Golden Crest gold properties, Solitario holds 50% joint venture interest (Teck Resources 50%) in the high-grade, open-pittable Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources holds the remaining 61% interest) on the high-grade Florida Canyon zinc project in Peru. Solitario's Management and Directors hold approximately 9.6% (excluding options) of the Company's 58.4 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitariozinc.com.
FOR MORE INFORMATION, CONTACT:
Christopher E. Herald
President & CEO
(303) 534-1030, Ext. 14
Valerie Kimball
Director – Investor Relations
720-933-1150
(800) 229-6827
SOURCE: Solitario
View source version on accesswire.com:
https://www.accesswire.com/663340/Solitario-Presents-at-the-Denver-Gold-Forum-Annual-Conference
NEW YORK, Sept. 9, 2021 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Abitibi Royalties, Inc. (TSX-V: RZZ) (OTCQX: ATBYF), a company which owns various royalties at the Canadian Malartic Mine near Val-d'Or Quebec, has qualified to trade on the OTCQX® Best Market. Abitibi Royalties, Inc. upgraded to OTCQX from the Pink® market.
Abitibi Royalties, Inc. begins trading today on OTCQX under the symbol "ATBYF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
B. Riley Securities, Inc. acted as the company's OTCQX sponsor.
About Abitibi Royalties, Inc.
Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Quebec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines and generating mineral projects for sale or option. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and by having the lowest outstanding common shares in the gold mining sector.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/otc-markets-group-welcomes-abitibi-royalties-inc-to-otcqx-301371928.html
SOURCE OTC Markets Group Inc.
Point Roberts, Washington and Delta, British Columbia–(Newsfile Corp. – September 9, 2021) – Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring an exclusive interview with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF).
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https://www.investorideas.com/Audio/Podcasts/2021/090721-Mining-AUN.mp3
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Investorideas.com spoke with Kevin Drover, President, Chairman and CEO of Aurcana Silver Corporation (TSXV: AUN) (OTCQX: AUNFF), who said that the resumption of activity at the company's flagship Revenue-Virginius polymetallic mine in Ouray, Colorado – which initiated commissioning with development ore on August 27, 2021 – puts Aurcana on track for success.
"This brings us back into the group of "producer" again and this is something that we've been wanting to do since I took over Aurcana in mid 2014," Drover said.
A recent press release reported initial assay results from the mine's 1800 drift level, which showed an "average undiluted grade over 78 feet of drift of 54.0 (33.9 diluted to a minimum mining width of 1.5 ft) ounces per ton silver equivalent (AgEq)1 per short ton (ST)." The vein's actual width turned out to be 1.19ft, higher than the modeled width of 0.23 feet, on which Drover commented:
"It bodes very well for what we can expect to mine when we're in the stope itself."
The aforementioned vein is the Virginius vein which currently commands most of the company's attention, but Drover went on to discuss the other veins at Revenue-Virginius.
"We have nine major veins on our property," he said. "We're going to be mining [the Virginius vein] for the next seven years for sure, and probably a lot longer than that. We do have the Terrible vein, the Yellow Rose, the Wheel of Fortune – and all of these veins have all been in production at one time in the past, but we just haven't had the chance to get to them to do a large amount of exploration at this stage. We are doing some work on the Wheel of Fortune, and we hope to be able to get a drilling program completed on that sometime in the not too distant future. But right now our focus is on the Virginius vein, of course, and getting ourselves positioned so that we can get up to full production from that vein."
Drover explained that while Aurcana's original intention to become cash flow positive by September has been delayed, the company is still on track to ramp up production.
"We had originally anticipated being cash flow positive in September, but of course we've been delayed a month," he said. "That delay was caused by congestion on the 1800 level."
"We're looking at October now before we're going to be hitting cash flow positive, but we're pretty certain that October is going to be the month when we will hit our numbers," he said. "We'll get up to 270 tons per day, and be cash flow positive. Over the course of September we're going to be ramping up from about 130 tons per day to about 270 in October.
In the future, in 2022-23, we'll be looking to expand that 270 up toward the 500 tons a day, and get up toward the 6-6.5 million ounce production number."
With activities resumed on the property, Aurcana foresees the possibility of mine life extending past feasibility study projections.
"The Revenue-Virginius mine, as per the feasibility study, has a seven year mine life," Drover said. "We certainly anticipate decades. We still have to do the homework, but we intend to be developing toward the north on our 1800, 1500, and 1200 levels, and we anticipate that the Virginius vein runs another 8,000 feet of strike length. We think we're going to be mining there in excess of 20 years."
Though the company's recent news has been focused on the Revenue-Virginius property, Drover also discussed the status of the company's Shafter-Presidio Silver Project in Texas.
"We are doing some work on the Shafter project," he said. "It's going to be a mine again, it's pure silver. We are doing a new resource estimate on that that we hope to have out soon. We are looking to possibly do a drill program later in this year to expand the resource somewhat, and to get samples for metallurgical testing. Sometime in the first half of 2022 we anticipate initiating a feasibility study, and, pending a positive feasibility study, we would probably be in a position to make a production decision sometime in the mid 2022 to third quarter of 2022."
ABOUT AURCANA SILVER CORPORATION http://www.aurcana.com/
Aurcana Silver Corporation owns the Revenue Mine in Colorado, and the Shafter-Presidio Silver Project in Texas, US. The primary mineral resource at both the Shafter-Presidio Project and the Revenue Mine is silver. Both are fully permitted for production.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95914
TORONTO, Sept. 9, 2021 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announced today that the Company's President and Chief Executive Officer, Ms. Marie Inkster has informed the Board of Directors that she will be stepping down as of December 31, 2021, for personal reasons. Mr. Peter Rockandel has been selected to assume the role of President and Chief Executive Officer and will join the Board of Directors as of January 1, 2022.
Ms. Inkster joined Lundin Mining in 2008 and served as Chief Financial Officer for 10 years prior to being appointed President and CEO, and Director in 2018. During her time with Lundin Mining, the Company has adeptly navigated through periods of challenging metal prices allowing it to grow profitably with the highly successful acquisitions of the Eagle Mine in Michigan in 2013, the Candelaria Mining Complex in Chile in 2014 and the Chapada Mine in Brazil in 2019. While pursuing growth, the Company has also maintained financial discipline and strength, allowing for the introduction of a dividend policy to provide peer-leading direct returns to shareholders.
Ms. Inkster will be stepping down from the Board of Directors as at December 31, 2021, though will act as an advisor to the Company until the end of 2022.
Mr. Lukas Lundin, Chair of Lundin Mining's Board of Directors stated, "On behalf of the Board, I would like to thank Marie for her dedication and contribution to Lundin Mining's evolution into the strong company it is today. The Company has a bright future due to the solid foundation that has been built during her time with Lundin Mining and she has put together a highly effective senior leadership team around her to continue building on the success."
Mr. Rockandel has nearly 30 years of experience in the global resources and mining sectors, including currently as the Company's Senior Vice President, Corporate Development and Investor Relations. Prior to joining Lundin Mining, Mr. Rockandel was Managing Director, Investment Banking at GMP Securities where he led their North American Mining practice, responsible for originating and executing capital markets strategy for mining clients.
"Peter is a well known and respected executive in mining capital markets with an exceptional track record," said Mr. Lundin. "In his current role, Peter has led strategic progress and delivered value for stakeholders, including the successful acquisition of Chapada. Peter's intimate knowledge of Lundin Mining surpasses his time with the Company, having supported, through previous positions, most of the Company's financing and acquisition efforts over the last decade and a half. The Board believes that Peter is an excellent fit, focused on the future of the Company in achieving its long-term strategic goals."
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on September 9, 2021 at 19:15 Eastern Time.
Cautionary Statement on Forward-Looking Information
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans, prospects and business strategies; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; timing and possible outcome of pending litigation; the results of any Preliminary Economic Assessment, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine and mine closure plans; anticipated market prices of metals, currency exchange rates, and interest rates; the development and implementation of the Company's Responsible Mining Management System; the Company's ability to comply with contractual and permitting or other regulatory requirements; anticipated exploration and development activities at the Company's projects; and the Company's integration of acquisitions and any anticipated benefits thereof. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements.
Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor; assumed and future price of copper, nickel, zinc, gold and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; global financial conditions and inflation; changes in the Company's share price, and volatility in the equity markets in general; volatility and fluctuations in metal and commodity prices; the threat associated with outbreaks of viruses and infectious diseases, including the COVID-19 virus; changing taxation regimes; reliance on a single asset; delays or the inability to obtain, retain or comply with permits; risks related to negative publicity with respect to the Company or the mining industry in general; health and safety risks; exploration, development or mining results not being consistent with the Company's expectations; unavailable or inaccessible infrastructure and risks related to ageing infrastructure; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models relating thereto; ore processing efficiency; community and stakeholder opposition; information technology and cybersecurity risks; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; regulatory investigations, enforcement, sanctions and/or related or other litigation; uncertain political and economic environments, including in Brazil and Chile; risks associated with the structural stability of waste rock dumps or tailings storage facilities; estimates of future production and operations; estimates of operating, cash and all-in sustaining cost estimates; civil disruption in Chile; the potential for and effects of labor disputes or other unanticipated difficulties with or shortages of labor or interruptions in production; risks related to the environmental regulation and environmental impact of the Company's operations and products and management thereof; exchange rate fluctuations; reliance on third parties and consultants in foreign jurisdictions; climate change; risks relating to attracting and retaining of highly skilled employees; compliance with environmental, health and safety laws; counterparty and credit risks and customer concentration; litigation; risks inherent in and/or associated with operating in foreign countries and emerging markets; risks related to mine closure activities and closed and historical sites; changes in laws, regulations or policies including but not limited to those related to mining regimes, permitting and approvals, environmental and tailings management, labor, trade relations, and transportation; internal controls; challenges or defects in title; the estimation of asset carrying values; historical environmental liabilities and ongoing reclamation obligations; the price and availability of key operating supplies or services; competition; indebtedness; compliance with foreign laws; existence of significant shareholders; liquidity risks and limited financial resources; funding requirements and availability of financing; enforcing legal rights in foreign jurisdictions; dilution; risks relating to dividends; risks associated with acquisitions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; activist shareholders and proxy solicitation matters; and other risks and uncertainties, including but not limited to those described in the "Risk and Uncertainties" section of the Annual Information Form and the "Managing Risks" section of the Company's MD&A for the year ended December 31, 2020, which are available on SEDAR at www.sedar.com under the Company's profile. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
SOURCE Lundin Mining Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/09/c4390.html
NEW YORK, NY / ACCESSWIRE / September 9, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Piedmont Lithium Inc. (NASDAQ:PLL)
Investors Affected : March 16, 2018 – July 19, 2021
A class action has commenced on behalf of certain shareholders in Piedmont Lithium Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Piedmont has not, and would not, follow its stated steps or timeline to secure all proper and necessary permits; (2) Piedmont failed to inform relevant people and governmental authorities of its actual plans; (3) Piedmont failed to file proper applications with relevant governmental authorities (including state and local authorities); (4) Piedmont and its lithium business does not have “strong local government support”; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Shareholders may find more information at https://securitiesclasslaw.com/securities/piedmont-lithium-inc-loss-submission-form/?id=19437&from=1
AdaptHealth Corp. f/k/a DFB Healthcare Acquisitions Corp. (NASDAQ:AHCO)
Investors Affected : November 11, 2019 – July 16, 2021
A class action has commenced on behalf of certain shareholders in AdaptHealth Corp f/k/a DFB Healthcare Acquisitions Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) AdaptHealth had misrepresented its organic growth trajectory by retroactively inflating past organic growth numbers without disclosing the changes, in violation of Securities and Exchange Commission regulations; (ii) accordingly, the Company had materially overstated its financial prospects; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://securitiesclasslaw.com/securities/adapthealth-corp-f-k-a-dfb-healthcare-acquisitions-corp-loss-submission-form/?id=19437&from=1
Ardelyx, Inc. (NASDAQ:ARDX)
Investors Affected : August 6, 2020 – July 19, 2021
A class action has commenced on behalf of certain shareholders in Ardelyx, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: 1) the Company overstated the likelihood that tenapanor would be approved by the Food and Drug Administration ("FDA"); and 2) Defendants possessed, were in control over, and as a result, knew that the data submitted to support the New Drug Application was insufficient in that it showed a lack of clinical relevance of the drug's treatment effect, making it foreseeably likely that the FDA would not approve the drug.
Shareholders may find more information at https://securitiesclasslaw.com/securities/ardelyx-inc-loss-submission-form/?id=19437&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770
SOURCE: The Gross Law Firm
View source version on accesswire.com:
https://www.accesswire.com/663374/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-PLL-AHCO-and-ARDX
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For instance, the price of EROAD Limited (NZSE:ERD) stock is up an impressive 175% over the last five years. The last week saw the share price soften some 3.5%.
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
View our latest analysis for EROAD
We don't think that EROAD's modest trailing twelve month profit has the market's full attention at the moment. We think revenue is probably a better guide. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue.
For the last half decade, EROAD can boast revenue growth at a rate of 26% per year. That's well above most pre-profit companies. Meanwhile, its share price performance certainly reflects the strong growth, given the share price grew at 22% per year, compound, during the period. This suggests the market has well and truly recognized the progress the business has made. EROAD seems like a high growth stock – so growth investors might want to add it to their watchlist.
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. This free report showing analyst forecasts should help you form a view on EROAD
It's good to see that EROAD has rewarded shareholders with a total shareholder return of 38% in the last twelve months. That gain is better than the annual TSR over five years, which is 22%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for EROAD you should be aware of.
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on NZ exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
TORONTO, Sept. 09, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that a strategic alliance has been executed with the Government of Caldas, Corpocaldas (the autonomous regional environmental agency for Caldas), local municipalities and the Company to develop a community-based ecotourism destination at Cerro Viringo.
Cerro Viringo, which is located in the Hojas Anchas village within the municipality of Supía, is an important landform that has been declared an area of high environmental importance by Corpocaldas and the municipal council of Supía. It is comprised of fifty hectares of native forest and supplies water to the local aqueduct for the municipality of Marmato and three other nearby communities. Cerro Viringo has been recognized as the most important environmental conservation area in Supía.
The project, which is officially named “Ecotourism in the Cerro Viringo Natural Park,” is expected to benefit approximately 290 people and help to reactivate the economy of the Hojas Anchas village community. Additionally, the development of this project will be three-dimensional consisting of environmental conservation, community-based tourism and local economic development. Visitors will be able to interact with the rich biodiversity of the area through recreational activities based upon the principles of sound environmental stewardship.
Over the next few months, Collective will be providing integral leadership to the consortium in structuring the project, which, upon completion, will be presented to FONTUR (government entity in charge of promoting tourism), for project financing. Development of the project is expected to begin in 2022 and culminate in 2023.
“We are pleased to have been invited to be part of this initiative as it aligns with our strict adherence to responsible mining goals by promoting stewardship of natural and cultural resources in our area of operations. As a new entrant to the region, another added benefit of this alliance will be to provide the Company with the opportunity to forge new relationships with individuals residing within our project’s area of influence,” commented Ari Sussman, Executive Chairman of Collective.
“With the Viringo Project, we are looking to preserve our areas of environmental interest and to reactivate the local economy. The alliance with authorities, communities and private companies, such as Collective Mining, are fundamental to this purpose,” commented Marco Londoño, Mayor of Supía.
Omar Ossma, CEO and President of Collective stated, “Since our arrival in Caldas we have focused on promoting important initiatives associated to water conservation in the region. Cerro Viringo is one of the most important projects to date, and we are pleased and honored to be a part of such a worthy development opportunity.”
Figure 1: Cerro Viringo Supía
https://www.globenewswire.com/NewsRoom/AttachmentNg/901a6e58-23a9-4f16-9603-a855767ce8eb
Figure 2: Guided visits with community members during project formulation stage
https://www.globenewswire.com/NewsRoom/AttachmentNg/a528edb6-5776-4def-bc15-8a7c2e61f575
Figure 3: Co-creation activities with the community to define the objectives of the project
https://www.globenewswire.com/NewsRoom/AttachmentNg/c2c265f8-5bd0-49fd-9056-25027d18c65f
About Collective Mining Ltd.
Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is expected to begin a maiden drill program in late September 2021.
For further information, please contact:
Paul Begin, Chief Financial Officer
Collective Mining Ltd.
Telephone: (416) 451-2727
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about the strategic alliance with the Government of Caldas, Corpocaldas (the environmental regional authority of Caldas), and local municipalities, including the commitment and allocation of funds and expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions, including those identified in Collective’s most recent MD&A and other disclosure documents filed on and available on SEDAR at www.sedar.com. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.


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CRB.V | +28.57% |
Belmont Resources Inc. |
BEA.V | +28.57% |
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