Saturday 23rd September 2017

Resource Clips


All posts by Greg Klein - Resource Clips

September 22nd, 2017

The demise of the dollar? Don’t hold your breath GoldSeek
Price chart: Cobalt, lithium-ion batteries and EVs Benchmark Mineral Intelligence
The U.S. debt bubble will soon warrant serious measures Equities.com
Gold and bitcoin surge on North Korea fears Stockhouse
Looking at Vatic Ventures’ potash project in Thailand Geology for Investors
Chinese magnesia projects get government and academic support Industrial Minerals
Copper: Good news for Chile, bad news for the U.S. Streetwise Reports
“Democracy is truly the worst form of government”: Jayant Bhandari SmallCapPower
Q2 energy metals earnings review—crunch time for the lithium majors The Disruptive Discoveries Journal

Voltaic Minerals looks to waste water for lithium, continues selective extraction collaboration

September 21st, 2017

by Greg Klein | September 21, 2017

As the world searches for new supplies of energy minerals, waste water could provide another source for lithium. With that in mind, Voltaic Minerals TSXV:VLT has engaged Whittier Filtration, a division of Veolia Water Technologies, to conduct bench scale tests on samples that Voltaic has collected from industrial sites.

Voltaic Minerals looks to waste water for lithium, continues selective extraction collaboration

Calling it “a natural step in the progression of the company,” Voltaic president/CEO Darryl Jones said the program’s goal is to provide “additional solutions in the lithium brine production space for use at multiple locations worldwide. Veolia has the resources to develop the solutions for Voltaic, as well as to implement, operate and manage world class water treatment facilities.”

Veolia credits itself with over 350 types of technology used internationally, including online diagnostics, evaporation and crystallization, energy-producing sludge treatment, state-of-the-art desalination, laboratory-grade water and mobile water services.

Meanwhile Voltaic continues its collaboration with Lithium Selective Technologies, whose California lab works towards a selective extraction process that could be used for non-conventional lithium brines from Voltaic’s Green Energy project in Utah, as well as projects held by other companies.

In July the company closed the sale of its Stonewall lithium project in Nevada through an all-share deal with Macarthur Minerals TSXV:MMS.

Read Isabel Belger’s interview with Voltaic Minerals president/CEO Darryl Jones.

92 Resources adds three Quebec properties to its lithium portfolio

September 21st, 2017

by Greg Klein | September 21, 2017

While work continues on the flagship Hidden Lake project in the Northwest Territories, 92 Resources TSXV:NTY expanded its holdings with three more lithium prospects. All located in Quebec’s James Bay region, the newcomers total 5,953 hectares, with each property showing pegmatite outcrop.

92 Resources adds three Quebec properties to its lithium portfolio

An outcrop on the Corvette acquisition shows coarse-
grained spodumene crystals with lengths up to a metre.

The 3,891-hectare Corvette property hosts an outcrop measuring about 150 metres by 30 metres showing abundant coarse-grained spodumene crystals up to one metre in length, the company stated. Other potential pegmatite outcrops along trend are priorities for follow-up work.

Sitting less than 12 kilometres from an all-weather highway, Corvette covers the eastern continuation of the Guyer greenstone belt, offering precious metals potential as well.

On the 1,109-hectare Eastmain property, 92 Resources interprets a large pegmatite outcrop to be along strike from ASX-listed Galaxy Resources’ James Bay deposit. An all-weather highway passes less than seven kilometres away.

The 953-hectare Lac du Beryl property features several pegmatite outcrops, “many of which display characteristic pathfinder minerals commonly associated with spodumene pegmatites,” the company added. Lac du Beryl sits 16 kilometres from a transmission line.

Three days earlier 92 Resources reported a 97% overall extraction rate on a spodumene-montebrasite concentrate produced from Hidden Lake material. The tests used industry-standard techniques, the company stated. Phase II tests are planned while a two-week channel sampling program wraps up.

In eastern British Columbia, the company also holds the Golden frac sand project, which underwent a 10-day field program this summer.

Read Isabel Belger’s interview with 92 Resources CEO Adrian Lamoureux.

Update: Far Resources drills Manitoba lithium project following high-grade sampling

September 21st, 2017

Update: On September 21 Far Resources announced a drill crew had collared the first hole of a 700-metre program focusing on the Zoro property’s dyke 1, which hasn’t undergone modern drilling.

by Greg Klein | September 8, 2017

Encouraging assays have Far Resources CSE:FAT preparing to drill its Zoro lithium property in northern Manitoba’s Snow Lake mining camp. Of 17 samples recently collected from historic trenches and pits on pegmatite dykes 5 to 7, results graded between 1.02% and 3.87% Li2O for dyke 5, with a maximum of 2.59% for dyke 7. Previous samples ranged from 1.46% to 6.35% for dyke 5 and 1.35% to 2.91% for dyke 7.

Far Resources samples more high-grade lithium, prepares to drill Manitoba project

With a soil sampling program just completed,
Far Resources now has drilling underway.

The company confirmed the presence of a dyke swarm on the property in July. Now Far Resources announces an additional pegmatite dyke in the vicinity of dykes 2 to 4. Sixty samples have been collected for assays. In May the company reported chip sample grades of 2.71% and 3.53% Li2O for dyke 2 and 2.41% for dyke 4.

Additionally, a soil sampling program has just wrapped up.

Having closed its acquisition of the Winston gold project in New Mexico last June, Far Resources is considering spinning the property out to a new company.

September 21st, 2017

Price chart: Cobalt, lithium-ion batteries and EVs Benchmark Mineral Intelligence
The U.S. debt bubble will soon warrant serious measures Equities.com
Mises stands between us and 1984 GoldSeek
Gold and bitcoin surge on North Korea fears Stockhouse
Looking at Vatic Ventures’ potash project in Thailand
Geology for Investors
Chinese magnesia projects get government and academic support Industrial Minerals
Copper: Good news for Chile, bad news for the U.S. Streetwise Reports
“Democracy is truly the worst form of government”: Jayant Bhandari SmallCapPower
Q2 energy metals earnings review—crunch time for the lithium majors The Disruptive Discoveries Journal

Update: Pistol Bay Mining announces 43-101 resource, JV discussions and—again—newly staked land

September 20th, 2017

by Greg Klein | Updated September 20, 2017

Update: With staking announced on September 14 and 20, Pistol Bay Mining has added more than 5,860 hectares to its property package, bringing the total to about 17,000 hectares.

Results from Confederation Lake’s first regional state-of-the-art geophysics have prompted Pistol Bay Mining TSXV:PST to expand its presence in the VMS-rich northwestern Ontario greenstone belt. Two acquisition announcements came within eight days after the company reported initial findings from the 2,100-line-kilometre VTEM-Plus survey. Those results accompanied announcements of a new resource estimate for one of the portfolio’s projects as well as potential joint venture interest.

Pistol Bay Mining announces VTEM-inspired acquisition, resource update and JV discussions

“We are seeing lots of new anomalies in the survey data, not just conductors but the IP effect anomalies as well, and Pistol Bay is going to have a busy few years exploring them all,” said CEO Charles Desjardins.

The new claims cover multiple conductors and IP-effect anomalies, some of which have had previous drilling with results showing zinc or copper, the company stated. The new data also shows parallel conductors or extensions of known conductors.

New claims between Pistol Bay’s Fredart and Joy claim groups host four conductors of 400, 850, 900 and 950 metres that appear not to have undergone drilling. Fredart A holds an historic, non-43-101 copper estimate. Like the four newly found anomalies, the Joy North anomaly hasn’t been drilled.

The airborne survey confirmed conductivity at all of the portfolio’s historic showings, zones and mineralized drill intercepts, Pistol Bay added. While analysis continues, data so far shows conductivity extending beyond known zones, along strike and in new clusters apart from known mineralization.

Once we’ve got our targets finalized, we will be entertaining proposals for joint ventures to advance this highly prospective property.—Charles Desjardins,
CEO of Pistol Bay Mining

“Because of the large number of potential targets generated by the VTEM survey, we are considering inviting joint venture partners for all or parts of the Confederation Lake project,” Desjardins noted. “We have had early-stage discussions with potential joint venture partners. Once we’ve got our targets finalized, we will be entertaining proposals for joint ventures to advance this highly prospective property.”

Pistol Bay also filed a technical report for Garnet Lake, a Confederation Lake property that hosts the Fredart A zone. Updating an historic 2007 estimate for the Arrow zone, the 43-101 incorporates 20 additional holes. Using a base case 3% zinc-equivalent cutoff, an inferred category shows:

  • 2.1 million tonnes averaging 0.72% copper, 5.78% zinc, 19.5 g/t silver and 0.6 g/t gold, for a zinc-equivalent grade of 8.5%

Contained amounts come to:

  • 34.3 million pounds copper, 274 million pounds zinc, 1.33 million ounces silver and 41,000 ounces gold

Contingent on favourable geophysical and other data, the 43-101 recommends two 1,000-metre holes at Arrow to test for possible down-plunge extensions of the resource. The report also calls for another 3,000 metres on targets to be identified elsewhere on the Garnet property.

Last May the company signed an LOI to acquire the 496-hectare Copperlode property, about four kilometres along strike from Arrow.

September 20th, 2017

Price chart: Cobalt, lithium-ion batteries and EVs Benchmark Mineral Intelligence
The U.S. debt bubble will soon warrant serious measures Equities.com
Mises stands between us and 1984 GoldSeek
Gold and bitcoin surge on North Korea fears Stockhouse
Looking at Vatic Ventures’ potash project in Thailand Geology for Investors
Chinese magnesia projects get government and academic support Industrial Minerals
Copper: Good news for Chile, bad news for the U.S. Streetwise Reports
“Democracy is truly the worst form of government”: Jayant Bhandari SmallCapPower
Q2 energy metals earnings review—crunch time for the lithium majors The Disruptive Discoveries Journal

Frances Petryshen pays tribute as BMO Public Company Banking Group founder and Howe Street legend Jake Fiddick retires

September 19th, 2017

…Read more

September 19th, 2017

The U.S. debt bubble will soon warrant serious measures Equities.com
Mises stands between us and 1984 GoldSeek
Gold and bitcoin surge on North Korea fears Stockhouse
Looking at Vatic Ventures’ potash project in Thailand Geology for Investors
Chinese magnesia projects get government and academic support Industrial Minerals
Copper: Good news for Chile, bad news for the U.S. Streetwise Reports
“Democracy is truly the worst form of government”: Jayant Bhandari SmallCapPower
Cobalt sulphate prices continue rise on battery demand, metal remains stable Benchmark Mineral Intelligence
Q2 energy metals earnings review—crunch time for the lithium majors The Disruptive Discoveries Journal

92 Resources advances NWT hardrock lithium metallurgy

September 18th, 2017

by Greg Klein | September 18, 2017

92 Resources advances NWT hardrock lithium metallurgy

Follow-up tests using standard methods brought high-grade lithium results for 92 Resources’ (TSXV:NTY) Hidden Lake project in the Northwest Territories. After further work on a spodumene-montebrasite concentrate of 6.16% Li2O produced in July, the company now reports an overall extraction rate of 97%. The tests consisted of roasting followed by acid baking and water leaching, industry-standard extraction techniques for lithium, 92 Resources stated.

The next stage calls for magnetic separation, heavy liquid separation and additional flotation on material collected during the current field program. So far work has used analytical reject material, but whole rock material will be preferred for Phase II, the company added.

Earlier this month a crew returned to the property, about 40 kilometres by road from Yellowknife, for a program of channel sampling and prospecting for additional pegmatites.

The summer agenda also included field work at the company’s Golden frac sand project in eastern British Columbia. The property sits adjacent to Heemskirk Canada’s Moberly project, a former source of silica sand for the glass industry that’s now being redeveloped as a frac sand production and processing operation.

Read Isabel Belger’s interview with 92 Resources CEO Adrian Lamoureux.