Wednesday 13th December 2017

Resource Clips


March, 2015

March 31st, 2015

A beginner’s guide to the new SEC Reg A rules Equities Canada
What will changing Chinese trade patterns mean for nickel? NAI 500
New stock exchange that seeks to stymie high-frequency trading set to open Stockhouse
The world’s largest gold mints GoldSeek
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
Great deposits of the world—Hishikari, Japan Geology for Investors

Rare earths dependency examined by CBS 60 Minutes

March 30th, 2015

by Greg Klein | March 30, 2015

Americans discovered uses for rare earths but—in stark contrast to Chinese—only belatedly recognized their strategic value. That’s left the Western world with a supply conundrum affecting everything from high-tech gadgetry to military defence systems. CBS 60 Minutes examined how this situation came about and discussed its implications.

 

Although 60 Minutes paints a dire picture of the supply challenge, the Canadian Rare Earth Elements Network says Canada’s ability to extract and process the commodities has progressed further than many people realize. Read more.

March 30th, 2015

New stock exchange that seeks to stymie high-frequency trading set to open Stockhouse
Rio dismisses “harebrained” Fortescue iron ore plan NAI 500
The world’s largest gold mints GoldSeek
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Philip Richards: Why Goldman Sachs is wrong about commodity prices Equities Canada
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
Great deposits of the world—Hishikari, Japan Geology for Investors

Equitas Resources completes state-of-the-art VTEM over under-explored Voisey’s Bay-region project

March 27th, 2015

by Greg Klein | March 26, 2015

Modern geophysics has come to a Voisey’s Bay-region property as Phase I VTEM exploration finishes on Equitas Resources’ (TSXV:EQT) Garland project in Labrador. The company expects results from the magnetic and electromagnetic data in about four weeks. The 645-line-kilometre survey used industry-leading versatile time-domain electromagnetic technology exclusive to Geotech.

De Beers diamonds dazzle Anglo American’s portfolio

Despite its proximity to the 1993 Voisey’s Bay nickel-copper-cobalt discovery 30 kilometres northwest, Garland had previously been surveyed only over isolated areas and with outdated EM technology. Rock sampling and mapping covered only a fraction of the 25,050-hectare property, Equitas added. Past ownership was split among 10 operators, making regional exploration impractical. Equitas acquired Garland after Dahrouge Geological Consulting conducted two years of research to put the property under a single operator.

Between 2000 and 2007, parts of the property and areas to the west were explored by Vale Canada and its predecessors using airborne gravity gradiometer, induced polarization and ground EM surveys, along with sampling. Although several targets were identified, only one drill hole was reported. “Despite the absence of significant nickel-copper-cobalt mineralization, the drill hole verified the suitability of the region to host a Voisey’s Bay-style deposit,” Equitas stated. “The drill hole encountered a sequence of variably textured gabbro-norites with trace very fine-grained disseminated sulphides locally.”

While Equitas VP of exploration Everett Makela attributes the Voisey’s discovery to surface showings, he told ResourceClips.com that further exploration in the region requires deeper penetration. A veteran of the Inco team that conducted due diligence on the $4.3-billion Voisey’s acquisition, Makela points out that deposits come in clusters at major nickel camps like Sudbury, Norilsk, Thompson and Raglan.

The VTEM results will be analyzed along with historic data to determine targets for follow-up work.

Read more about Equitas Resources’ Garland project.

March 27th, 2015

New stock exchange that seeks to stymie high-frequency trading set to open Stockhouse
Rio dismisses “harebrained” Fortescue iron ore plan NAI 500
The world’s largest gold mints GoldSeek
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Philip Richards: Why Goldman Sachs is wrong about commodity prices Equities Canada
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
Great deposits of the world—Hishikari, Japan Geology for Investors

March 26th, 2015

Rio dismisses “harebrained” Fortescue iron ore plan NAI 500
The world’s largest gold mints GoldSeek
Cliffs to sell Ring of Fire chromite claims to Noront Stockhouse
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Philip Richards: Why Goldman Sachs is wrong about commodity prices Equities Canada
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
Great deposits of the world—Hishikari, Japan Geology for Investors

South of Voisey’s Bay

March 25th, 2015

New developments put Equitas Resources in search of a nearby nickel discovery

by Greg Klein

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The greatest find of Canada’s first diamond rush failed to locate a single gemstone. Instead Robert Friedland’s Diamond Fields Resources stumbled onto nickel with cobalt and copper—much more prosaic stuff but in such magnificent quantities that, just three years after its 1993 discovery, Voisey’s Bay sold for $4.3 billion. Yet the Labrador region remains under-explored. Now, with the advantages of new technology plus single ownership of a recently compiled land package, Equitas Resources TSXV:EQT puts new impetus into the search for a second deposit.

Just 30 kilometres south of Voisey’s, the company’s 25,050-hectare Garland project came together after two years of research by Dahrouge Geological Consulting. According to Equitas VP of exploration Everett Makela, this puts the “most prospective area outside of the Vale mine property” under a single operator for the first time, a significant advantage for effective exploration.

New developments put Equitas Resources in search of a nearby nickel discovery

Despite its proximity to Voisey’s, patchwork ownership
and outdated methods left the region under-explored.

This, in an area where deposits could come in clusters. That’s the case for major nickel camps like Sudbury, Norilsk, Thompson and Raglan, Makela emphasizes. Therefore “the likelihood of discovering more Voisey’s Bay-type deposits in the region is high.” But if that’s so, why has the area been neglected?

“The reality is that, after 20 years of exploration by scores of companies combing the surface, the remaining prospective environments are buried,” he explains. “In the case of the Garland project, that is most likely under younger cover rocks. Voisey’s Bay itself was exposed by a fortunate erosional history. It takes a strong commitment to advance the next stage. Commitment to exploring the deeper sub-surface requires insight into critical elements of the mineralizing process and employment of state-of-the-art geophysical methods.”

State-of-the-art exploration is already underway at Garland, where a VTEM-plus survey began in February. Previously some 10 separate companies explored relatively small pieces of the current Garland project with now-outdated electromagnetic surveys that penetrated only to about 75 metres. Equitas’ regional-scale geophysics can reach a maximum 10 times that depth, all the better to detect large, highly conductive nickel sulphide deposits.

As for insight, Makela brings Equitas solid expertise. The Sudbury native began his career in 1981 as a geological assistant with pre-Vale Inco. By the time he retired in 2012, Makela was Vale’s principal geologist for North America. “I’ve worked alongside some of the leading experts in nickel exploration and benefited greatly from access to the resources of leading global nickel companies,” he says. “My experience spans the gamut from target generation through to resource definition.”

He’s worked in the U.S., Mexico, Greenland, South Africa and Brazil, along with “years of focus on Sudbury and Voisey’s Bay that gave me a strong background in world-class mineralized systems and the business of building mines.” In fact Makela served on the Inco team that conducted initial due diligence prior to the multi-billion-dollar Voisey’s acquisition.

So what does he see at Garland? Well, enough of what he saw at Voisey’s to stoke his enthusiasm.

“Aside from having the same favourable address, along an Archean-Proterozoic boundary, Garland and Voisey’s share a remarkable number of geological signatures,” he points out. “Both are located at the intersection of a regional-scale east-west corridor of faults with a northeast-trending fault set. The combined movement is likely to have caused the open space that allowed emplacement of the Voisey’s Bay ores. That’s the same style of structural offset that we believe we have on our own property. Magnetic signatures and interpreted structural deformation are very similar.

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March 25th, 2015

The world’s largest gold mints GoldSeek
Cliffs to sell Ring of Fire chromite claims to Noront Stockhouse
Apple puts batteries at the centre of its EV master plan NAI 500
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Philip Richards: Why Goldman Sachs is wrong about commodity prices Equities Canada
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
Great deposits of the world—Hishikari, Japan Geology for Investors

Commerce Resources sees potential cost cuts for its rare earths metallurgy

March 24th, 2015

by Greg Klein | March 24, 2015

Commerce Resources sees potential cost cuts for its rare earths metallurgy

A drill campaign of 35 to 40 holes coincides
with Commerce Resources’ metallurgical studies.

Further metallurgical progress indicates potential cost reductions for Commerce Resources’ (TSXV:CCE) Ashram rare earths deposit in northern Quebec. On March 24 the company announced bench scale testing had reduced consumption of three principal flotation reagents. Commerce describes the achievement as an additional development while working towards a mini-pilot plant demonstration of the project’s entire metallurgical flowsheet. The goal is to produce several kilograms of marketable mixed rare earths concentrate while advancing Ashram towards pre-feasibility.

Consumption of three of this flotation circuit’s principal reagents has been reduced by about 80% while maintaining flotation performance. “These reagents represent the vast majority of all flotation consumables,” Commerce reported. “Therefore their reduction has resulted in a considerable decrease in the circuit’s anticipated reagent acquisition costs, as well as shipping, handling and storage requirements.”

Additional potential remains to optimize the flotation reagent scheme, the company added. “Upon completion of the bench scale flotation development work, the intention will be to scale up to the pilot level, using the refined reagent scheme, and continue to further optimize the downstream processes.” The piloting will be completed during the pre-feas or feasibility stage. “In either case, such flowsheet improvements, including a reduced reagent dosage, may still form the baseline parameters for the PFS if considered robust and representative on the bench scale.”

Their reduction has resulted in a considerable decrease in the circuit’s anticipated reagent acquisition costs, as well as shipping, handling and storage requirements.

Among other achievements, the program has simplified the hydrochloric acid circuit, with reduced retention time and neutralizing agent volumes. Development of the wet high intensity magnetic separation circuit continues in preparation for its pilot run.

The news follows initial recovery results announced the previous week and an update on Ashram’s spring/summer drill program earlier this month. On March 23 the company announced filing of an updated 43-101 technical report for its Blue River tantalum-niobium project in southwestern British Columbia, which has a 2011 preliminary economic assessment.

Read more about Commerce Resources.

Read about rare earths in Canada.

Disclaimer: Commerce Resources Corp is a client of OnPage Media Corp, the publisher of ResourceClips.com. The principals of OnPage Media may hold shares in Commerce Resources.

March 24th, 2015

Cliffs to sell Ring of Fire chromite claims to Noront Stockhouse
Apple puts batteries at the centre of its EV master plan NAI 500
Ceramic challenge: Why synthetic proppants have it tough Industrial Minerals
Philip Richards: Why Goldman Sachs is wrong about commodity prices Equities Canada
Eric Lemieux: Quebec is back, ready for renaissance Streetwise Reports
The new London gold fixing GoldSeek
Great deposits of the world—Hishikari, Japan Geology for Investors