Wednesday 21st November 2018

Resource Clips


Posts tagged ‘Arctic Star Exploration Corp (ADD)’

Margaret Lake Diamonds tackles two NWT projects with geophysics and drilling

May 30th, 2018

by Greg Klein | May 30, 2018

As work resumes at Diagras, Margaret Lake Diamonds TSXV:DIA now returns to a second front in its search for Northwest Territories gems. On May 30 the company announced a new geophysics program had begun at Diagras, coinciding with a drill campaign that started earlier this month at the company’s Margaret Lake project.

Margaret Lake Diamonds tackles two NWT projects with geophysics and drilling

The Diagras agenda calls for ground gravity, magnetic and EM surveys around known kimberlites, as well as around potential kimberlites suggested by earlier geophysics.

The strategy will employ techniques that weren’t used when De Beers explored the area but have since proven successful elsewhere. Some examples include two other Lac de Gras-region projects, Mountain Province Diamonds’ (TSX:MPVD) Kennady North and Peregrine Diamonds’ (TSX:PGD) Tli-Kwi-Cho DO-27/DO-18 kimberlite complex, Margaret Lake stated.

The company holds a majority interest and acts as operator on the 18,699-hectare Diagras property in a 60/40 joint venture with Arctic Star Exploration TSXV:ADD. The project sits 35 kilometres from Canada’s largest diamond producer, the Diavik mine of Rio Tinto NYSE:RIO and Dominion Diamond Mines.

Margaret Lake’s 100%-held, 23,199-hectare Margaret Lake property lies nine kilometres north of the De Beers/Mountain Province Gahcho Kué diamond mine and two kilometres from Mountain Province’s Kelvin and Faraday deposits.

Last year’s Diagras work found “gravity and EM anomalies proximal to known magnetic kimberlites that constitute compelling drill targets,” Margaret Lake stated. Among areas of special interest is Jack Pine, one of the largest kimberlite complexes in Lac de Gras. Previous drilling has revealed diamonds, while an area of further kimberlite potential has yet to be drilled.

Additionally, gravity anomalies near the property’s Black Spruce kimberlite show similarities to other kimberlites in the region.

Meanwhile Margaret Lake has a rig testing six kimberlite targets on the company’s namesake property. Each target shows a gravity low, bedrock conductor or both. The company interprets those characteristics as potentially representing kimberlite.

Last month Margaret Lake closed a $495,500 first tranche of a private placement offered up to $2.2 million.

Read more about Margaret Lake Diamonds.

Emulating success

May 2nd, 2018

Margaret Lake follows Kennady’s playbook in the quest for NWT diamonds

by Greg Klein

With fresh financing and a rig en route, Margaret Lake Diamonds TSXV:DIA has drilling about to begin on its namesake project in the Northwest Territories. As with any outfit in similar circumstances, the company’s optimism has been buoyed by the performance of an illustrious neighbour, in this case Kennady Diamonds. But more objective encouragement comes from the extensive geophysics that determined the targets for Margaret Lake’s maiden drill program. Additionally, the project operator will be the same group that helped deliver success to Kennady.

“Aurora Geosciences acts as project operator for us and also for Kennady,” points out Margaret Lake president/CEO Paul Brockington. “So we’re using the same people who have done all the Kennady work for the last six years.”

Margaret Lake follows Kennady’s playbook in the quest for NWT diamonds

Public tribute came to Yellowknife-based Aurora at Mines & Money London 2016, when Kennady co-won (with NexGen Energy TSX:NXE) the Exploration Company of the Year award. Noting that Aurora had designed and carried out all of the property’s exploration since 2012, Kennady president/CEO Rory Moore said, “Gary Vivian, [then president, now chairperson of Aurora], and Chris Hrkac, [Aurora’s] senior project manager for the Kennady North project, together with their team deserve the lion’s share of credit for the successes that Kennady has enjoyed to date. Their innovative, systematic and dedicated approach to a technically challenging project has resulted in new and unique discoveries, and earned Aurora the respect of its peers in the industry.”

A further testament to their work came just last month as Mountain Province Diamonds TSX:MPVD closed its acquisition of Kennady in an all-share deal valued at $176 million. An MOU between Mountain Province and De Beers considers incorporating Kennady North into the joint venture that comprises their Gahcho Kué mine.

The 23,199-hectare Margaret Lake property sits about nine kilometres north of Gahcho Kué and two kilometres northwest of Kennady North’s Kelvin and Faraday deposits. The Gahcho Kué winter road passes through Margaret Lake.

Aurora’s participation in the project will be nothing new. The company ran the geophysics that brought Margaret Lake to the drill-ready stage and Aurora will return very shortly, this time with a rig. Financing will begin with a $495,000 first tranche that Margaret Lake closed last month, out of a private placement offered up to $2.2 million.

Results from airborne and ground EM, along with airborne gravity/gradiometry pioneered by BHP Billiton NYSE:BHP, show six initial targets. Each features either a gravity low, a bedrock conductor or both, possibly indicating kimberlite. “Our first objective is to see if these targets represent kimberlite and, if they do, the objective then would be to get sufficient kimberlite to analyze it for microdiamonds and indicator minerals,” Brockington explains. “We’ll try to drill as much as we can before spring break-up.”

But while encouraged by his successful neighbour, he’s not basking in reflected glory. Margaret Lake is “a science project,” Brockington emphasizes. “We’re very much relying on these gravity/EM anomalies to help us deliver the goods.”

It’s very clear that when De Beers was there they did not recognize all the kimberlite. They were drilling mag targets but we went in and did ground gravity and EM, and we can see other targets that very strongly suggest more kimberlite.—Paul Brockington, president/CEO
of Margaret Lake Diamonds

Farther north, in the Lac de Gras field hosting the NWT’s Ekati and Diavik diamond mines, Margaret Lake also has work planned for Diagras, where the company holds a 60% stake in a JV with 40% partner Arctic Star Exploration TSXV:ADD. This property hosts 13 kimberlites found by De Beers in the 1990s. Brockington thinks there’s more to be found.

“It’s very clear that when De Beers was there they did not recognize all the kimberlite,” he says. “They were drilling mag targets but we went in and did ground gravity and EM, and we can see other targets that very strongly suggest more kimberlite. We’re definitely going to do more geophysics there in the next few weeks. We hope to get a ground program going to look at other areas that weren’t covered in last year’s program and I think we’ll have a number of drill targets.”

The winter road to Diavik passes through the northwest corner of the 18,699-hectare property.

Looking forward to a busy and prospective period, Brockington says, “We’ve got a lot coming up and, when you look at the activity in the diamond patch, I think we’ve got about as much as anyone.”

Finnish diamond exploration reveals new kimberlite for Arctic Star

February 20th, 2018

by Greg Klein | February 20, 2018

As work continues on the northern Finland property, Arctic Star Exploration TSXV:ADD announced a new kimberlite discovery from its Timantti diamond project on February 20. Covered only by very thin glacial overburden, the find results from four one-metre-deep pits containing kimberlite. The company has christened the body Grey Wolf, distinguishing it from the property’s other Wolf kimberlites. A rig has already been mobilized to the discovery, while a 150-kilogram sample undergoes assays to test for diamonds and kimberlite indicator minerals, and to assess mineral chemistry.

Finnish diamond exploration reveals new kimberlite for Arctic Star

The news follows an announcement earlier this month that historic drill core confirmed the presence of a new Timantti kimberlite 230 metres west of the project’s diamondiferous Black Wolf kimberlite.

Part of an ambitious winter campaign that began in November, ongoing EM and gravity surveys have identified multiple targets for excavation or drilling. Optimism has been bolstered by “the expression of diamond-favourable indicator minerals in the region, which the Wolf kimberlites cannot explain,” the company stated.

In addition to the Finnish flagship, Arctic Star also holds diamond interests in Nunavut and the Northwest Territories’ Lac de Gras region. The company’s Cap property in British Columbia, meanwhile, hosts an exceptionally rare carbonatite-syenite complex that offers potential for several commodities. Results from sampling and one drill hole released in September showed “highly anomalous” niobium, rare earths and phosphate grades.

The company closed oversubscribed private placements totalling $1.69 million in November.

Read an interview with Arctic Star chairperson Patrick Power.

Zimtu’s advantages

January 20th, 2018

Opportunities come calling as Zimtu Capital builds junior companies’ potential

by Greg Klein

With equity holdings in a wide range of juniors, Zimtu Capital TSXV:ZC goes well beyond the prospect generator model to help nurture and grow the companies that comprise its assets. Looking at just a few examples, they can be exploring early-stage minerals projects, progressing an advanced-stage rare earths deposit or generating revenue through disruptive technology. Zimtu helps build the companies with administrative, promotional, technical, legal and financial expertise that ranges from prospectors in the bush to market insiders in Europe and Asia.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

The ZimtuADVANTAGE program additionally offers companies a number of other marketing strategies, including extensive social media coverage and the ZimtuADVANTAGE app. The result is wider exposure and therefore greater investor awareness about each participant.

The breadth of Zimtu’s support brings each company a level of expertise, sophistication and prominence not easily obtained by smaller companies. To further understand the approach, take a look at some Zimtu equity holdings.

 

Meet the ZimtuADVANTAGE companies

 

92 Resources TSXV:NTY—Lithium in the NWT and Quebec, frac sand in B.C.

Metallurgy as well as field work make 92 Resources’ (TSXV:NTY) Hidden Lake hard rock lithium property a standout among early-stage projects. Grab samples from the highway-accessible location 40 kilometres east of Yellowknife have graded as high as 1.86% Li2O, while channel samples on pegmatite outcrops have reached up to 1.58% over 8.78 metres and 2.57% over 0.75 metres. There’s tantalum too, including a sample of 233 ppm Ta2O5 over 1 metre.

Phase I metallurgical tests, meanwhile, produced a high-grade concentrate of 6% to 6.5% Li2O, with recovery rates of 80% to 85% using conventional methods.

In eastern British Columbia, the company holds the Golden frac sand project next door to Northern Silica’s Moberly silica operation. 92 Resources also picked up three Quebec lithium properties. One of them yielded a 7.32% Li2O grab sample on an initial visit.

92 Resources began the new year by closing an oversubscribed private placement of $1.14 million.

Read an interview with 92 Resources CEO Adrian Lamoureux.

 

Arctic Star Exploration TSXV:ADD—Diamonds in Finland, critical minerals in B.C.

The Timantti project attracted Arctic Star Exploration’s (TSXV:ADD) experienced team of diamond explorers to a mining-friendly Finnish region with enviable infrastructure and a geological shield hosting two world-class Russian mines. Previous work showed 111 microdiamonds from 52.7 metres of historically extracted core and another 58 from an 18.9-kilogram sample. In November the company began an ambitious program of geophysics, till sampling and drilling to extract a 500-kilogram core sample from each of two especially promising kimberlites.

Arctic Star’s other diamond interests include its drill-ready Stein project in Nunavut and the Diagras JV in the NWT’s Lac de Gras region. An intriguing departure from gemstones, however, is the company’s Cap property in B.C., home to an exceptionally rare carbonatite-syenite complex that offers potential for several commodities. Assays released last fall from sampling and a single drill hole showed “highly anomalous” niobium, rare earths and phosphate grades.

In late November the company closed oversubscribed private placements totalling $1.69 million.

Read an interview with Arctic Star chairperson Patrick Power.

 

Belmont Resources TSXV:BEA—Lithium in Nevada

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Deep-sensing geophysics will follow
Belmont Resources’ 2017 drill campaign.

Sixty-five kilometres from Clayton Valley, Belmont Resources TSXV:BEA sees encouraging signs of similar geology at its Kibby Basin lithium project. Beginning imminently will be an especially deep-sensing electromagnetics survey to help identify Phase II drill targets.

Last year’s two-hole program extracted core samples grading between 70 ppm and 200 ppm Li2O. Thirteen of 25 samples surpassed 100 ppm, “indicating that the sediments could be a potential source of lithium for the underlying aquifers.”

The company interprets gravity survey data to suggest a closed basin covering 400 hectares and reaching at least 1.5 kilometres in depth, sufficiently large to develop layers that could act as aquifers.

A more recent acquisition, the Mid Corner-Johnson Croft property in New Brunswick comes with historic, non-43-101 sample results for zinc, copper and cobalt. But it hasn’t seen modern geophysics. Belmont’s portfolio also includes a 50% interest in two Saskatchewan uranium properties.

The company closed an oversubscribed private placement of $312,200 In December.

Read an interview with Belmont Resources CFO/director Gary Musil.

 

Castle Silver Resources TSXV:CSR/Canada Cobalt Works—Cobalt in Ontario

Update: Effective February 23, 2018, Castle Silver Resources begins trading as Canada Cobalt Works TSXV:CCW.

Historically, high-grade silver was the attraction but the northern Ontario region of Cobalt got that name for a reason. It’s in and around that area that Castle Silver Resources TSXV:CSR—soon to be renamed Canada Cobalt Works—seeks one of the essential energy metals. Underground mini-bulk sampling at the company’s Castle flagship brought assays up to 3.1% cobalt. More assays are pending from last year’s sampling and 22-hole, 2,405-metre drill campaign at the former mine.

Eighty kilometres southeast, an initial program at the company’s Beaver project collected three hand-cobbed samples, all exceeding 4% cobalt with impressive nickel grades, silver and some gold.

In November Castle Silver signed a provisional milling agreement to locate a plant on its property to process material from Granada Gold Mine’s (TSXV:GGM) project about 200 kilometres away. Additionally Castle Silver sees potential in its Re-2OX proprietary metallurgical process to produce cobalt concentrate.

The company closed a private placement of $1.03 million in mid-January.

 

Commerce Resources TSXV:CCE—Rare earths in Quebec, tantalum-niobium in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Amid increasing concern about critical minerals supply,
Commerce Resources’ Ashram rare earths deposit
benefits from geology, metallurgy and location.

An advanced-stage rare earths project endowed with magnet feed elements, amenable to conventional processing and moving towards pre-feasibility in a mining-friendly province—that begins to describe Commerce Resources’ (TSXV:CCE) Ashram deposit in northern Quebec.

Obviously waiting for an update is the 2012 resource, which used a 1.25% cutoff for this near-surface deposit:

  • measured: 1.6 million tonnes averaging 1.77% total rare earth oxides and 7.7% CaF2

  • indicated: 28 million tonnes averaging 1.9% TREO and 5.9% CaF2

  • inferred: 220 million tonnes averaging 1.88% TREO and 4.5% CaF2

The company has sunk about 9,200 metres since then, hitting high grades within carbonatite host rocks containing minerals amenable to well-known processing methods. Showing a superior distribution of magnet feed REOs, Ashram’s metallurgical studies continue to streamline the flowsheet for a high-grade concentrate, also finding potential for a fluorspar byproduct. The REE-hungry world has noticed, with companies like Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle, Blue Line and others requesting samples.

Turning to other critical minerals, Commerce’s Blue River/Upper Fir tantalum-niobium deposit in southeastern B.C. reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

 

Emerita Resources TSXV:EMO—Zinc in Spain, zinc and lithium in Brazil

An acquisitive nature could position this company to take part in zinc’s ascendency. In October Emerita Resources TSXV:EMO joined a 50/50 JV on the Plaza Norte property in northern Spain. The new turf hosts extensions of the past-producing Reocin mine, which gave up 62 million tonnes averaging 11% zinc and 1.4% lead up to 2003. Plaza Norte’s historic, non-43-101 drill results include 9.72% zinc over 18.96 metres and 7.05% over 8.2 metres. As project operator, Emerita has a review underway of the property’s extensive previous data. The company’s JV partner, the Aldesa Group, is a specialized construction and infrastructure firm operating globally.

In Brazil, Emerita holds a 100% option on the Litio project adjacent to the Companhia Brasileira de Litio lithium mine. Emerita’s initial field work has found pegmatite dykes similar to those next door. Other potential acquisitions include the Salobro zinc project in Brazil, along with Paymogo and Aznalcollar, two zinc properties in Spain.

Last month the company closed an oversubscribed private placement totalling $4.24 million, with funds earmarked for Plaza Norte and Salobro.

 

Georox Resources TSXV:GXR—Conventional oil and gas in western Canada

A non-binding LOI signed in December would bring Georox Resources TSXV:GXR a 16,146-hectare Saskatchewan acquisition with 97% oil production and an average working interest of 96.6%. Average daily net production estimates for the first nine months of last year came to 1,415 boe/d. “The oil pools have significant reactivation, waterflood implementation and infill drilling potential,” Georox stated. Subject to due diligence and approvals, the parties expect to consummate by the end of February for a price of $4.5 million.

The company offered a private placement earlier this month of up to $700,000.

 

Glance Technologies CSE:GET—Bringing the newest technology to consumer transactions

Connecting smartphone users with merchants and service providers, Glance Technologies’ (CSE:GET) Glance Pay system goes beyond fast payments to provide marketing, targeted coupons, customer feedback, in-merchant messaging, custom rewards and fraud protection.

At the forefront of blockchain developments, Glance Technologies earlier this month announced a definitive agreement with Cannabis Big Data Holdings to provide technology allowing marijuana retailers and producers to handle cryptocurrency transactions. That’s one example of licensing agreements with the cannabis, fitness and wellness, tourist and foreign student markets.

Late last month Glance Technologies closed a bought deal totalling $11.05 million, boosting the company’s treasury to over $17.4 million.

 

Golden Dawn Minerals TSXV:GOM—Q2 gold-copper production in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Having finished dewatering, Golden Dawn prepares to
restart underground operations at southern B.C.’s Lexington mine.

With trial mining set to begin within months, Golden Dawn Minerals TSXV:GOM seeks to revive southern B.C.’s historic Greenwood mining camp. The company holds a cluster of past-producers within 20 kilometres of its Greenwood mill, a 212-tpd facility expandable to 400 tpd that was built in 2007 and put on care and maintenance the following year. The local infrastructure’s condition inspires the company to enter production without de-risking at the feasibility level.

Top priority goes to Lexington, which produced 5,486 ounces of gold, 3,247 ounces of silver and 860,259 pounds of copper in 2008. Two other frontrunners are the Golden Crown gold-copper project and May Mac silver-gold-polymetallic project, both nearby former mines that underwent drilling last year. Meanwhile Golden Dawn continues to expand its portfolio, both in the Greenwood area and farther north.

The company’s most recent financing closed this month on $337,500.

Read more about Golden Dawn Minerals.

 

Kapuskasing Gold TSXV:KAP—Newfoundland copper and zinc

The property’s first drill program since the 1960s barely whetted Kapuskasing Gold’s (TSXV:KAP) appetite for copper exploration at its Lady Pond flagship in northern Newfoundland. Now backed by new intel, the company plans to return for another attack this year. An historic, non-43-101 estimate gives the project’s Sterling prospect about one million tonnes averaging 1% copper that’s open in all directions. Grab samples released in October showed up to 9.03% copper for the Twin Pond prospect, 7.19% copper for Sterling and 1.54% copper with cobalt and silver for the Lady Pond prospect.

Located 94 kilometres by road from a Rambler Mining and Metals TSXV:RAB base metals mill, the Lady Pond project can be reached by logging roads and ATV.

On Newfoundland’s Great Northern Peninsula, Kapuskasing picked up the Daniel’s Harbour property, host to the former Teck mine that produced around seven million tonnes averaging 7.8% zinc from 1975 to 1990. The past-producer’s Mississippi Valley Type deposit suggests the potential for additional resources appearing in clusters.

While in the Great Northern Peninsula, Kapuskasing staked another 1,625 hectares to move in on the burgeoning Gunners Cove gold area play. The company closed private placements totalling $115,000 in August, following a $201,200 placement that closed in June.

Read an interview with Kapuskasing president/CEO Jon Armes.

 

King’s Bay Resources TSXV:KBG—Nickel-cobalt in Labrador, copper-cobalt in Newfoundland

An unexpected benefit of the new Trans-Labrador Highway was recognized by a prospector who sampled roadside copper and cobalt with some nickel and silver. King’s Bay Resources TSXV:KBG moved onto the virgin turf with a more systematic field program, airborne VTEM and last autumn’s initial two-hole program. Although collared over 150 metres apart, each hole found mineralization over wide intercepts, encouraging plans for further drilling following geostatistical and structural analysis.

Meanwhile Phase I field work at the company’s Trump Island project in northern Newfoundland collected 15 grab samples, four of them grading over 1% copper and between 272.3 ppm and 1,213.6 ppm cobalt. One sample underwent an additional ore grade analysis, showing 6.07% copper, 300 ppm cobalt and 14.4 ppm silver. Follow-up exploration is slated for spring.

King’s Bay offered a $250,000 private placement in September that followed financings that closed on $402,000 the previous month.

 

MGX Minerals CSE:XMG—Commodities and technology for energy and industry

As if trying to fuel the energy revolution single-handedly, MGX Minerals CSE:XMG holds a portfolio bursting with nearly three dozen projects. In Alberta and Utah the company counts 20 lithium properties in the exploration state and two more undergoing well-testing. B.C. properties include three silicon projects and eight magnesium projects. Unsated, in November the company opened a satellite office in Chile to evaluate opportunities there.

Some project highlights include the Driftwood Creek magnesium property in B.C., now moving towards a preliminary economic assessment. Paradox Basin in Utah has exploration underway for oil, gas, lithium and other brine minerals. A 2,000-metre drill program has just begun at the company’s 20%-held Case Lake lithium project in Ontario, following a recently completed 5,400-metre campaign.

Among a number of technological developments, MGX claims a breakthrough for zinc-air flow batteries by avoiding dendrite damage, “the single most significant hurdle” in the batteries’ development. With its subsidiary ZincNyx Energy Solutions, the company’s now working on final commercial design for mass production of its scalable 20 kWh zinc-air mass storage battery.

On another technological front, MGX partners with its 46%-held PurLucid Treatment Solutions on a patented process for brine treatment and selective lithium recovery.

Activity like that doesn’t come cheap. In December MGX closed private placements totalling $12.9 million. The previous month MGX and PurLucid won federal/provincial grants totalling up to $8.2 million for their oilpatch water treatment system.

 

Mountain Boy Minerals TSXV:MTB—Exploring the treasures of B.C.’s Golden Triangle

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Rugged but rich terrain attracts Mountain
Boy Minerals to B.C.’s Golden Triangle.

With a stake in several northwestern B.C. properties, Mountain Boy Minerals TSXV:MTB took part in two joint-ventured drill programs last year, along with geophysics on two 100%-held properties. Results so far from the company’s 35%-held Red Cliff gold project show high grades over wide intervals as drilling followed a mineralized system over two kilometres. More assays are pending from the 51-hole program.

Another 14 holes went into Mountain Boy’s 20%-held Silver Coin, hitting high-grade gold and finding a new gold zone. Again, the company’s awaiting further lab results. A 2011 resource gives the project measured and indicated totals of 842,416 ounces gold, 4.46 million ounces silver and 91.2 million pounds zinc. The inferred numbers come to 813,273 ounces gold, 6.7 million ounces silver and 128 million pounds zinc.

Moving closer to the drill stage are two contiguous 100%-held silver-base metals projects, BA and Surprise Creek. Trench assays from late 2016 suggest polymetallic promise with high-grade zinc as well as silver and lead. Following previous drilling, metallurgical tests produced a barite concentrate that exceeds industry standards for this mineral essential to oil and gas exploration.

Mountain Boy offered a private placement of up to $300,000 in October.

Read an interview with Mountain Boy Minerals chairperson René Bernard.

 

ParcelPal Technology CSE:PKG—Online shopping with fast delivery

Opportunities come calling as Zimtu Capital builds junior companies’ potential

ParcelPal’s “Get Anything functionality” adds
fast delivery to shop-by-phone transactions.

Order via smartphone app and get quick delivery at home, work or elsewhere—that’s the disruption ParcelPal Technology CSE:PKG brings to merchants and courier services. Retail, liquor and especially restaurants are currently the partner businesses as ParcelPal expands throughout the Greater Vancouver region. The company says its “Get Anything functionality” allows consumers to “order virtually anything and have it delivered in an hour or less.”

Just six months in operation, the company sees positive business and consumer response, with 3,000 app downloads in October and November, and repeat clients. Future goals include expansion in other major Canadian cities, and eventually the U.S. and abroad.

ParcelPal closed an oversubscribed private placement of $1.65 million in mid-January.

 

Rockcliff Metals TSXV:RCLF—A gold-VMS camp in Manitoba

It might be said that Rockcliff Metals TSXV:RCLF picks up where Hudbay Minerals TSX:HBM leaves off. Rockcliff assembled its portfolio largely by acquiring non-core Hudbay assets in Manitoba’s Flin Flon-Snow Lake region. As a result Rockcliff holds interests in five gold projects, two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. All lie within trucking distance of two Hudbay processing facilities.

With three projects active last year, Rockcliff updated its Talbot resource in December, announcing an inferred 150 million pounds copper, 130.4 million pounds zinc, 241,000 ounces gold and 3.8 million ounces silver that’s open in all directions.

Recent stepout drilling brought high-grade zinc results from Bur, moving the project from historic towards 43-101 resource stage. Currently the non-43-101 numbers show an indicated 1.05 million tonnes averaging 8.6% zinc and 1.9% copper, along with an inferred 302,000 tonnes averaging 9% zinc and 1.4% copper, as well as some silver and gold.

Polymetallic VMS isn’t Snow Lake’s only attraction. Among Rockcliff’s gold properties is the former Laguna mine, where induced polarization and resistivity found 17 anomalies over a trend that hasn’t been drilled since 1944.

In August Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Metals here and here.

 

Saville Resources TSXV:SRE—Niobium-tantalum in Quebec

Strong sample grades with an outstanding 5.9% niobium pentoxide enticed Saville Resources TSXV:SRE onto Commerce Resources’ Eldor property earlier this month. While the latter company focuses on bringing its rare earths project to pre-feasibility, Saville took on a 75% earn-in on the Eldor niobium claims, enthusiastic about their potential for critical minerals.

Out of 64 samples collected by Commerce, 40 exceeded 0.5% Nb2O5, 16 of them surpassing 1%. Assays also showed significant tantalum, phosphate and rare earths numbers. Among previous drill results were 0.46% Nb2O5 over 46.88 metres and 0.55% over 26.1 metres (including 0.78% over 10.64 metres).

Results also show niobium-tantalum occurring within the mineral pyrochlore, the world’s dominant source for those critical elements. Eldor’s pyrochlore shows a relatively course grain size, a positive prognosis for metallurgy.

At Saville’s other northern Quebec asset, Covette’s sampling and geophysics show potential for base and precious metals.

In December the company offered private placements totalling up to $500,000.

Read more about Saville Resources.

 

Voltaic Minerals TSXV:VLT—Lithium from brine and from wastewater too

Voltaic Minerals TSXV:VLT sees three key distinctions to its Green Energy lithium project in Utah. A review of extensive historic oil and gas exploration data indicates the property’s brine to be over-saturated with 40% minerals in 60% water, suggesting potential for a wide range of minerals. The brine also faces immense pressure and high temperature, two factors that would aid extraction. The 1,683-hectare property has proximity to road, rail and power.

But apart from the Green Energy project, Voltaic takes another approach to sourcing lithium. The company has engaged Whittier Filtration, a division of global leader Veolia Water Technologies, to develop marketable processes for extracting lithium from wastewater taken from commercial and industrial sites. The companies expect to report bench scale tests soon.

Exploration begins at Arctic Star’s Finnish diamond project

November 23rd, 2017

Update: On November 24 Arctic Star announced the closing of a final tranche of an oversubscribed private placement totalling $1.7 million.

by Greg Klein | November 23, 2017

Having closed the acquisition a week earlier, Arctic Star Exploration TSXV:ADD now has a crew busy at its Timantti diamond project in Finland. Located among favourable regional infrastructure in the Fennoscandian Shield, which hosts the major Russian diamond mines Lomonosov and Grib, the property has geophysics, sampling and drilling planned.

Exploration begins at Arctic Star’s Finnish diamond project

Arctic Star VP of exploration Buddy Doyle
gathers kimberlite float samples at Timantti.

Timantti’s White Wolf kimberlite has already revealed 169 microdiamonds, 111 from 52.7 metres of historically extracted core and another 58 from an 18.9-kilogram sample. The current program will include ground magnetic, gravity and electromagnetic surveys over the Black and White kimberlites to define their sizes and identify other drill-worthy anomalies.

Additionally, 20 backhoe till samples will be taken to search for diamond indicator minerals. Drilling will consist of about eight holes totalling 1,500 metres, with a 500-kilogram core sample from each of the two kimberlites. Results of the program will determine whether to proceed with bulk sampling.

Work will focus on a 243-hectare area covered by an exploration permit. The project also includes a 95,700-hectare exploration reservation.

Among other projects, Arctic Star holds the Cap property in east-central British Columbia, host to an extremely rare carbonatite-syenite complex that’s potentially associated with several commodities. In September the company reported “highly anomalous” assays for niobium, rare earths and phosphate from sampling and a drill hole.

In the Northwest Territories’ diamondiferous Lac de Gras region, Arctic Star also holds a 40% stake in the Diagras JV, where majority partner Margaret Lake Diamonds TSXV:DIA carried out geophysics last summer.

This week Arctic Star appointed Scott Eldridge as president/CEO. From 2008 to 2016 Eldridge led Euroscandic International Group, providing investment banking and advisory services to resource companies. He has been responsible for raising over $500 million in equity and debt financing for mining projects internationally.

Earlier this month the company closed a private placement first tranche of $965,000.

Read Isabel Belger’s interview with Arctic Star’s Patrick Power.

Arctic Star Exploration finds “highly anomalous” niobium, rare earths and phosphate at B.C. project

September 25th, 2017

by Greg Klein | September 25, 2017

Highly anomalous means highly encouraging, especially at such an early stage of exploration. That’s how Arctic Star Exploration TSXV:ADD characterized its first batch of assays from the Cap property in east-central British Columbia. The news follows last month’s announcement of an extremely rare carbonatite-syenite discovery, suggesting potential for a range of commodities. Now assays for grab samples and the first drill hole show highly anomalous niobium, rare earths and phosphate, the company stated.

Arctic Star Exploration finds “highly anomalous” niobium, rare earths and phosphate at B.C. project

Some intervals of
carbonatite from CAP17-004.

Five selected grab samples assayed 0.2% niobium pentoxide, hitting a peak of 0.96% Nb2O5, while three grab samples brought more than 0.2% total rare earth oxides, peaking at 0.39% TREO. Three samples contained over 5% phosphorus pentoxide with a peak value of 12.62% P2O5.

CAP17-004, the first of four drill holes, showed:

  • 0.35% Nb2O5 over 10.42 metres, starting at 85.24 metres in downhole depth
  • (including 0.63% Nb2O5 over 2.26 metres)

  • 9.94% P2O5 over 19.63 metres, starting at 98.87 metres
  • (including 20.97% P2O5 over 2.55 metres)

  • 0.81% TREO over 2.4 metres, starting at 136.1 metres

True widths weren’t provided. The last interval also showed a peak value of 69 ppb gold and over 1% TREO.

Along with sampling and drilling, the summer program included mapping and prospecting over an area of about three kilometres by one kilometre.

“The discovery of highly anomalous concentrations of niobium, phosphate and REOs at such an early stage in the exploration of the Cap project should be considered highly encouraging,” said consulting geologist Jody Dahrouge. “Future exploration at Cap will follow up on surface samples that contained highly anomalous concentrations of niobium and may be related to drill hole CAP17-004.”

Reporting from their Diagras diamond project in the Northwest Territories late last month, Arctic Star and 60% JV partner Margaret Lake Diamonds TSXV:DIA announced geophysical results that could potentially indicate “the largest kimberlite complex in the Lac de Gras field.” Further geophysics are on the 18,699-hectare property’s spring agenda, with drilling to follow.

As for Arctic Star’s recently acquired Timantti diamond project in Finland, assays released in July from historic core on the White Wolf kimberlite showed 111 microdiamonds. The company had earlier found 58 microdiamonds in an 18.9-kilogram sample taken from the same kimberlite.

Timantti covers part of the Fennoscandian Shield, host to major Russian diamond mines Lomonosov and Grib.

In July the company offered a $1.25-million private placement.

Read Isabel Belger’s interview with Arctic Star president/CEO Patrick Power.

Geologist Jody Dahrouge discusses the carbonatite-syenite complex found on Arctic Star Exploration’s Cap project in B.C.

September 1st, 2017

…Read more

Arctic Star Exploration’s Patrick Power discusses the Timantti property in Finland

August 30th, 2017

…Read more

Geophysics show potential kimberlite expansion on Margaret Lake Diamonds/Arctic Star Exploration’s Lac de Gras JV

August 29th, 2017

by Greg Klein | August 29, 2017

Borrowing techniques that proved successful at Kennady North, Margaret Lake Diamonds TSXV:DIA and Arctic Star Exploration TSXV:ADD announced geophysical results that potentially expand their Diagras property’s known kimberlites. The partners hold 60% and 40% respectively of the joint venture in the Northwest Territories’ diamond-rich Lac de Gras region, where Margaret Lake acts as operator.

Geophysics show potential kimberlite expansion on Margaret Lake Diamonds/Arctic Star Exploration’s Lac de Gras JV

Last spring’s ground program of magnetics, gravity and electromagnetics targeted known kimberlites as well as “unresolved targets generated from public domain data,” the companies stated. Similar techniques have helped Kennady Diamonds TSXV:KDI further its understanding of the Kennady North property’s Kelvin and Faraday kimberlites.

Results dating to 2005 on Diagras’ Jack Pine kimberlite identified a north-south axis extending more than 500 metres, with about four to five hectares at surface. But recent work north of Jack Pine shows a possible new discovery that’s been named Sequoia. Although verification would call for more drilling, the new findings indicate an anomaly that doubles the geophysical footprint, potentially making this “the largest kimberlite complex in the Lac de Gras field,” according to the partners.

Geophysics around Diagras’ Black Spruce kimberlite show anomalous gravity lows up to about 200 metres south and east of a magnetic low and its corresponding diamondiferous drill results by a previous operator. Again, drilling will be necessary to confirm the presence of additional kimberlite.

The partners also reported other geophysical signatures that might indicate additional kimberlite in and around other known kimberlites on the 18,699-hectare property. Further geophysical evaluations are planned for next spring, along with a drill program.

In addition to its Diagras interest, Margaret Lake holds its namesake Margaret Lake project adjacent to Kennady North. In July, Arctic Star announced plans to acquire the Timantti project in Finland, where due diligence has confirmed the presence of micro-diamonds. Arctic Star also holds the CAP rare earths and rare metals prospect in east-central British Columbia. Early this month the company announced discovery of a carbonatite-syenite complex, an extremely rare occurrence potentially associated with “a plethora of commodities” and “the dominant source for niobium and rare earth elements,” the company stated.

Late last month Arctic Star offered a private placement up to $1.25 million.

Read Isabel Belger’s interview with Arctic Star president/CEO Patrick Power.

Arctic Star’s B.C. discovery potentially associated with “a plethora of commodities”

August 8th, 2017

by Greg Klein | August 8, 2017

Even before the drill core reached the lab, Arctic Star Exploration TSXV:ADD announced a discovery that’s both rare and potentially associated with several metals. The company found a carbonatite-syenite complex on its Cap project in east-central British Columbia.

The potential rewards associated with a new discovery such as at Cap cannot be overstated.—Jody Dahrouge

“Carbonatite is an extremely rare rock type with only around 550 complexes identified worldwide,” explained Jody Dahrouge, president of Dahrouge Geological Consulting, which oversees the exploration program. “In addition to their rarity, they are also well known for being the source of production for a plethora of commodities, including being the dominant source for niobium and rare earth elements. The potential rewards associated with a new discovery such as at Cap cannot be overstated.”

Also associated with mineralized carbonatite systems are tantalum, copper, nickel, iron, titanium, zirconium, platinum group elements, gold, fluorspar, lime, sodalite and vermiculite, Arctic Star added.

Some of the world’s better-known carbonatite deposits include Palabora in South Africa (copper, nickel, gold and PGEs), Bayon Obo in China (REEs, iron ore, niobium and fluorspar), Araxa in Brazil (niobium), Cargill in Ontario (phosphate), Niobec in Quebec (niobium), Mountain Pass in California (REEs), and Mount Weld in Western Australia (REEs).

Arctic Star’s B.C. discovery potentially associated with “a plethora of commodities”

Carbonatite in drill core from hole Cap17-004.

The discovery prompted Arctic Star to stake another 7,657 hectares, expanding its property to over 10,482 hectares. The new turf covers a ridge that extends towards the Wicheeda REE deposit, about 50 kilometres northwest.

Cap’s exploration has so far focused on an area of about 3,000 by 1,000 metres, the site of prior geophysics and anomalous niobium-REE geochemical samples. This season’s work consisted of mapping, sampling, prospecting and four drill holes. Assays are pending but carbonatite and/or alkaline rock types were found in two holes.

Carbonatite in outcrop has been mapped approximately 90 metres in strike, with an estimated thickness surpassing 50 metres. Additional outcrops of carbonatite and related rocks have been found across an area measuring about 800 by 200 metres, the company added.

Last month Arctic Star announced plans to acquire Timantti, a Finnish diamond project on the Fennoscandian Shield, which also hosts Russia’s Lomonosov and Grib diamond mines. Due diligence revealed 58 small diamonds in an 18.9-kilogram sample from Timantti’s White Wolf kimberlite. More recent assays on 48.65 kilograms of historically extracted split core showed 111 microdiamonds.

In late July the company offered a $1.25-million private placement.

Read Isabel Belger’s interview with Arctic Star president/CEO Patrick Power.