Wednesday 26th July 2017

Resource Clips


All posts by Greg Klein - Resource Clips

July 25th, 2017

Is it worth investing in palladium? GoldSeek
Central bankers have hit a brick wall of their own making Equities.com
BoC raises interest rate, TSX shrugs it off Stockhouse
Cobalt’s shift to battery grade needed an independent price to reflect it Benchmark Mineral Intelligence
Could Blockchain end gold price suppression? Streetwise Reports
Tesla wins contract for world’s largest battery system Industrial Minerals
A look at Ivanhoe’s Kamoa-Kakula project Geology for Investors
Cobalt supply is in a “death spiral”: Jack Lifton SmallCapPower
Takeaways from the recent Industrial Minerals lithium conference in Montreal The Disruptive Discoveries Journal

Hedging his energy bets

July 24th, 2017

Adrian Lamoureux of 92 Resources pursues green lithium and fossil-fuel frac sand

by Isabel Belger

Isabel Belger

Isabel Belger

Isabel: I would like to introduce the CEO of 92 Resources TSXV:NTY Adrian Lamoureux. Hi Adrian, it is a pleasure to talk to you again. To get started I would like to ask you to tell us a little bit about your background and how you became CEO of 92 Resources.

Adrian: Hi Isabel, thank you for having me. I had been active with finance and investor relations for public companies for about a decade before I received my opportunity to run one. Raising capital and marketing helped me form very strong opinions on how a company should be run, so I was always looking to move up the corporate ranks.

Isabel: 92 Resources has two lithium projects. One is in the Northwest Territories and one is in Quebec. What makes these projects so valuable?

Adrian: Lithium is not only a commodity for today, but rather a commodity for tomorrow. We see today’s strong demand as just the beginning, with a global push towards green energy. Simply put—lithium is the way of the future.

Isabel: What are the highlights on these projects so far?

Adrian: Hidden Lake, NWT, has been successful right from the get-go. Last summer we pulled a sample high of 3.08% Li2O and a channel sample of 1.9% Li2O over 9.02 metres. Most recently we conducted a metallurgical program, where we produced a 6.16% Li2O concentrate.

Adrian Lamoureux of 92 Resources pursues green lithium and fossil-fuel frac sand

Initial metallurgical tests suggest the suitability of conventional
processing methods for pegmatites from Hidden Lake. The 1,100-
hectare property has nearby highway access leading to Yellowknife,
about 40 kilometres west.

Isabel: 92 Resources also has a frac sand project in British Columbia. I am not sure if everyone knows what frac sand is and is used for. Could you give a brief introduction to the application and demand, as well as of course about your project itself?

Adrian: The Golden frac sand property is ideally situated. Our project sits immediately adjacent to a frac sand [deposit] and rail access. Some of the biggest oil basins in North America are shale, and the best method of extraction is through fracking. Sand is forced down horizontal wells under high pressure, bracing cracks within the shale open, which is where the oil can be liberated and pumped out. The demand for frac sand has continued to grow in light of a slip in oil prices. This is attributed to re-fracking of older wells, a higher rig count and increased frac sand intensity on a per-well basis.

Isabel: What is the most exciting thing happening right now at 92 Resources?

Adrian: We’re having success on multiple fronts. I feel we are at the right place at the right time.

Isabel: What are the plans for the rest of 2017 and what are the next milestones for 92 Resources?

Adrian: Our plans are focused, continued growth through acquisition and development. We need to move vertically with current demand and always be looking to where future demand should be.

Isabel: What do you like about the mineral exploration business?

Adrian: I like being able to take an idea or concept and turn it into something real, something that shareholders and hopefully the world can benefit from.

Isabel: What is your favourite commodity and why?

Adrian: Lithium is my favourite. This green energy commodity is changing the world as we know it.

Isabel: Thank you very much for your time, Adrian.

Adrian Lamoureux

Adrian Lamoureux,
92 Resources CEO

Bio

Adrian Lamoureux has worked in the venture capital markets for the past eight years, specializing in the design and implementation of market strategies and corporate development. He has particular expertise in the mineral exploration and development sector. During his time working in venture capital markets, Lamoureux has financed a number of successful private and public companies.

Fun facts

My hobbies: European football

My favourite airport: Schiphol, Amsterdam

My favourite tradeshow: PDAC in Toronto

My favourite commodity: Lithium

With this person I would like to have dinner: Cristiano Ronaldo

If I could have a superpower, it would be: Invisibility

My role model: My father

Read more about 92 Resources’ Hidden Lake lithium project and Golden frac sand project.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

July 24th, 2017

by Greg Klein | July 24, 2017

Following an extensive drill program and ahead of an August 15 AGM, Aurvista Gold TSXV:AVA presented a lineup of nominees for an expanded board of directors and announced a management appointment to help advance the Douay project in Quebec’s Abitibi. Still to be named are personnel for a newly created technical advisory committee.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

Aurvista hopes Highway 109 leads
to the “next big Canadian gold story.”

A veteran of Ivanhoe Mines TSX:IVN and its predecessor Ivanplats, David Broughton shared PDAC’s Thayer Lindsley and the Association for Mineral Exploration’s Colin Spence awards for discoveries at Kamoa, Democratic Republic of Congo, and Flatreef, South Africa. Closer to Douay, he’s worked on mining projects in the Casa Berardi, Joutel, Timmins and Kirkland Lake areas. After retiring from his full-time position with Ivanhoe, Broughton became the company’s senior adviser of exploration and geology. He also works as a consultant for other companies.

Jay Chmelauskas acts as a corporate development consultant for Lithium Americas TSX:LAC after serving a number of roles including technology development, permitting, engineering, financing, construction and commissioning with one of the company’s predecessors, Western Lithium USA. As president/CEO of Jinshan Gold Mines, he led the development of China’s largest gold-producing operation and led exploration efforts that have since brought about an additional gold mine in China.

Pierre Lebel serves as chairperson of Imperial Metals TSX:III and a director of West Kirkland Mining TSXV:WKM. Holding an MBA as well as a law degree, he was named the Mining Association of British Columbia’s 2012 Mining Person of the Year and received AME’s E.A. Scholz medal for outstanding contribution to mine development in B.C.

With over 20 years of mining finance experience, Akiko Levinson has led Irving Resources CSE:IRV and Gold Canyon Resources TSXV:GCU, as well as serving as a director of Novo Resources TSXV:NVO.

Janine North’s background includes managing logging and trucking companies, as well as Crown land tenures in B.C. A former AME director who recently retired as the CEO of the Northern Development Initiative Trust, she currently serves as a director of Conifex Timber TSX:CFF and BC Hydro.

We are focused on building the next big Canadian gold story. Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.—Matthew Hornor,
Aurvista Gold president/CEO

A 35-year metallurgical engineer, Maurice Tagami acts as VP of mining operations for Wheaton Precious Metals TSX:WPM, where he’s responsible for maintaining partnerships with 21 mines and eight development projects. He also served as president/CEO of Asanko Gold TSX:AKG predecessor Keegan Resources up to July 2012.

Aurvista president/CEO Matthew Hornor will be the company’s sole management nominee for the board. Running for re-election will be chairperson Gerald McCarvill and directors Edmund King and Sean Charland.

Joining the company as VP of corporate development, Joness Lang’s most recent experience includes six years with prospect generator Riverside Resources TSXV:RRI, where he co-led equity financings, built joint ventures and strategic alliances, and negotiated numerous gold and silver acquisitions.

Aurvista plans to announce a newly created technical advisory committee made up of “personnel covering all of the key disciplines required to bring the Douay gold project to the next level,” Hornor stated.

“We are focused on building the next big Canadian gold story,” he added. “Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.”

The news follows a backlog of assays released last week from a 59-hole, 23,965-metre campaign on the 30,500-hectare property and recent financings that closed on $10.1 million.

July 24th, 2017

Is it worth investing in palladium? GoldSeek
Central bankers have hit a brick wall of their own making Equities.com
BoC raises interest rate, TSX shrugs it off Stockhouse
Cobalt’s shift to battery grade needed an independent price to reflect it Benchmark Mineral Intelligence
Could Blockchain end gold price suppression? Streetwise Reports
Tesla wins contract for world’s largest battery system Industrial Minerals
A look at Ivanhoe’s Kamoa-Kakula project Geology for Investors
Cobalt supply is in a “death spiral”: Jack Lifton SmallCapPower
Takeaways from the recent Industrial Minerals lithium conference in Montreal The Disruptive Discoveries Journal

Chemical engineer and Voltaic Minerals project manager Tom Currin comments on his research into selective extraction from lithium brines

July 21st, 2017

…Read more

July 21st, 2017

Is it worth investing in palladium? GoldSeek
Central bankers have hit a brick wall of their own making Equities.com
BoC raises interest rate, TSX shrugs it off Stockhouse
Cobalt’s shift to battery grade needed an independent price to reflect it Benchmark Mineral Intelligence
Could Blockchain end gold price suppression? Streetwise Reports
Tesla wins contract for world’s largest battery system Industrial Minerals
A look at Ivanhoe’s Kamoa-Kakula project Geology for Investors
Cobalt supply is in a “death spiral”: Jack Lifton SmallCapPower
Takeaways from the recent Industrial Minerals lithium conference in Montreal The Disruptive Discoveries Journal

BCSC warns investors of “Vancouver Stock Exchange”

July 20th, 2017

by Greg Klein | July 20, 2017

Juniors, brokers, promoters desert Toronto to revive the Vancouver Stock Exchange

Better late than never, a warning sign
stands guard outside the former VSE building.

Whether inspired by a death wish or sheer audacity, an alleged scam has been named after the reputed scam capital of the world. On July 19 the British Columbia Securities Commission warned investors that a company called Vancouver Stock Exchange Corp “appears to have been issuing stock exchange listings to companies in China and B.C…. VSEC holds itself out as being the old Vancouver Stock Exchange (VSE). In fact, the VSE no longer exists.”

Moreover the new entity has no authorization to operate as an exchange in B.C.

The VSE merged with the Alberta exchange in 1999 to form the Calgary-based Canadian Venture Exchange, which was taken over in 2001 by the TMX Group’s (TSX:X) predecessor. But according to the commission, “VSEC claims that, in June of 2016, the old Vancouver Stock Exchange was reinstated as an independent exchange.”

VSEC’s Chinese-language website “identifies the companies that it purports to have approved for listing and capital raising,” the BCSC added. Anyone with info about VSEC is asked to contact BCSC Inquiries at 604-899-6854, 1-800-373-6393 or inquiries@bcsc.bc.ca.

On April 1, 2016, ResourceClips.com spoofed that a group of stock promoters planned to re-open the infamous VSE. See other April 1 stories:

BonTerra Resources expands new gold zone at Gladiator as $40-million campaign continues

July 20th, 2017

by Greg Klein | July 20, 2017

BonTerra Resources expands new gold zone at Gladiator as $40-million campaign continues

A cross-section looking southwest shows expansion at depth.

 

A zone confirmed last month has been extended by more than 300 metres in depth as multiple rigs attack BonTerra Resources’ (TSXV:BTR) Gladiator project. Four holes released July 20 come from the Rivage Gap, a 600-metre area between the property’s Gladiator deposit and the Rivage zone to the west. The star intercept hit 21.5 g/t over 3 metres but BonTerra emphasized hole BA-17-22, which assayed 12 g/t over 3.8 metres at a depth nearly 350 metres below the zone’s last reported assay. Drilling also extended the Main and North zones at depth.

The July 20 results show:

Hole BA-17-15 (Main zone)

  • 9.1 g/t gold over 4 metres, starting at 920 metres in downhole depth
BonTerra Resources expands new gold zone at Gladiator as $40-million campaign continues

Multiple rigs ensure an abundance of core
at BonTerra Resources’ Gladiator project.

BA-17-16 (North zone)

  • 3.1 g/t over 2 metres, starting at 418 metres

BA-17-21

  • 21.5 g/t over 3 metres, starting at 572 metres (North zone)

  • 2.2 g/t over 3 metres, starting at 618 metres (Footwall zone)

BA-17-22 (South zone)

  • 12 g/t over 3.8 metres, starting at 712.2 metres

Estimated true widths average between 60% and 80%.

The South zone extension marks “the first result from our southern island location,” said VP of exploration Dale Ginn. “This location provides access to drill the Rivage Gap area to depth from the hanging wall side of the Gladiator deposit and enables us to extend the under-plunge areas of the other four zones as well.”

While Osisko Mining’s (TSX:OSK) Windfall project garners the most attention in Quebec’s Urban-Barry area play, BonTerra raised $40 million this year. The 8,126-hectare property’s campaign features at least four rigs sinking up to 40,000 metres. Crying out for a resource update is the Gladiator deposit, with an inferred 273,000 ounces gold and remaining open in all directions. Drilling focuses outside the resource area, now targeting the property’s Deep East zone, the Rivage Gap western side and Rivage Gap infill, as well as possible exploration on the contiguous Coliseum property.

BonTerra also plans to drill its Larder Lake project in Ontario’s Cadillac/Larder Lake break. An historic, non-43-101 estimate gives the property’s Bear Lake deposit an inferred 683,000 gold ounces, while the Cheminis deposit has a non-43-101 estimate of 43,800 gold ounces indicated and 233,400 ounces inferred.

Read more about BonTerra Resources.

July 20th, 2017

Central bankers have hit a brick wall of their own making Equities.com
Mechanics of the Shanghai International Gold Exchange GoldSeek
BoC raises interest rate, TSX shrugs it off Stockhouse
Cobalt’s shift to battery grade needed an independent price to reflect it Benchmark Mineral Intelligence
Could Blockchain end gold price suppression? Streetwise Reports
Tesla wins contract for world’s largest battery system Industrial Minerals
A look at Ivanhoe’s Kamoa-Kakula project Geology for Investors
Cobalt supply is in a “death spiral”: Jack Lifton SmallCapPower
Takeaways from the recent Industrial Minerals lithium conference in Montreal The Disruptive Discoveries Journal

Castle Silver Resources adds gold to cobalt-silver assays, expands drilling at Ontario past-producer

July 19th, 2017

by Greg Klein | July 19, 2017

As underground mini-bulk sampling brings high-grade results, Castle Silver Resources TSXV:CSR has increased its surface drill program at a former mine near Ontario’s Cobalt camp. An 82-kilogram sample of vein material taken near a first-level adit graded 1.48% cobalt, 5.7 g/t gold and 46.3 g/t silver. Nickel values are pending. Meanwhile the Phase I surface drill program that began earlier this month with a 1,500-metre goal has been increased to 2,000 metres in approximately 20 holes.

Castle Silver Resources adds gold to cobalt-silver assays, expands drilling at Ontario past-producer

Visible cobalt from a vein on Castle
Silver Resources Beaver project.

The gold grades have the company re-checking a previous batch of chip samples that weren’t assayed for the yellow metal. The company’s also extracting another sample from the same area to verify the results.

Castle Silver noted that the samples are “selective and should not be considered representative of mineralization underground or elsewhere on the property.”

Eighty kilometres southeast, Castle Silver has been collecting surface samples on its 100%-optioned Beaver project, another former silver mine with cobalt potential. Samples taken in 2013 from waste rock left by historic extraction graded 7.98% cobalt, 3.98% nickel and 1,246 g/t silver.

On closing a $882,500 financing last week, the company’s private placement total has hit nearly $2.6 million since March.

Read more about Castle Silver Resources here and here.