Wednesday 29th March 2017

Resource Clips


Posts tagged ‘b.c.’

92 Resources begins metallurgical tests on NWT lithium

March 28th, 2017

by Greg Klein | March 28, 2017

A Northwest Territories lithium project gets its first-ever metallurgical studies as 92 Resources TSXV:NTY announced a two-phase program on March 28. The 1,659-hectare Hidden Lake property underwent channel sampling last year on four of six known lithium-bearing spodumene dykes, with the best intercept showing:

  • 1.58% Li2O and 31 ppm Ta2O5 over 8.78 metres

  • (including 1.78% Li2O and 31 ppm Ta2O5 over 6.93 metres)
92 Resources begins metallurgical tests on NWT lithium

Hidden Lake’s metallurgical tests follow
last year’s successful sampling program.

The met program’s first phase examines the property’s spodumene and waste materials, leading to a mineral processing phase intended to separate the two and produce a high-grade concentrate.

Material from four pegmatites will be evaluated separately and, if no significant differences are found, a single composite will undergo processing tests. Those tests would include grinding, heavy liquid separation, magnetic separation and flotation. Plans then call for a preliminary flowsheet and a small amount of potentially marketable spodumene concentrate.

The program will also evaluate potential tantalum recovery.

Hidden Lake has all-weather road access to Yellowknife, 45 kilometres southwest. Carrying out the tests will be SGS Canada, which has considerable experience in spodumene pegmatite processing, 92 Resources stated.

In northern Quebec, 92 Resources has initial lithium exploration planned for Pontax, a 5,536-hectare property in a district known for spodumene-bearing pegmatites as well as gold potential.

Earlier this month the company expanded its Golden frac sand project from 807 hectares to 3,211 hectares. The southeastern British Columbia property sits adjacent to the Moberly silica sand project, now being redeveloped into a frac sand operation and among the assets sought by Northern Silica in its takeover bid for Heemskirk Consolidated.

Late last month 92 Resources closed an oversubscribed private placement of $895,199.

Seen this 100-kilo gold coin? Call Berlin police

March 27th, 2017

by Greg Klein | March 27, 2017, updated March 28, 2017

A 100-kilogram Maple Leaf gold coin seems destined for meltdown following a daring heist at Berlin’s Bode Museum. With a face value of $1 million but worth over four times that amount at today’s prices, it’s one of five identical coins produced by the Royal Canadian Mint.

Thieves entered the building between 2:00 and 4:00 a.m. March 27, according to a museum statement.

Seen this 100-kilo gold coin? Call Berlin police

A tad too conspicuous for general circulation, an identical
coin delights visitors at Toronto’s Royal Ontario Museum.
(Photo: Royal Ontario Museum)

“We are shocked that the burglars overcame our security systems, which have been successfully protecting our objects for many years,” said Michael Eissenhauer, director general for the State Museums of Berlin. “We hope that the perpetrators will be caught and the precious coin will be returned undamaged.”

The museum requested tips from anyone who’s been offered deals on large volumes of gold.

Due to superior security or less brazen bandits, other million-dollar Maple Leafs have survived Canadian museums. Victoria’s Royal B.C. Museum hosted the numismatic oddity in 2015 at the Gold Rush! El Dorado in British Columbia exhibit, before the show’s artefacts went to Gatineau’s Canadian Museum of History last spring.

That Maple Leaf belongs to its creator, the Royal Canadian Mint. “We don’t know who owns the coin stolen in Berlin but we can confirm that it’s not the Mint’s,” Alex Reeves of RCM external communications informed ResourceClips.com. “Our own coin is safe and sound in our Ottawa vaults.” The Mint doesn’t reveal the other owners’ names, Reeves added.

Making no secret of its ownership, Barrick Gold TSX:ABX displays its Maple Leaf in the company’s section of the Teck Suite of Galleries at the Royal Ontario Museum in Toronto. A ROM spokesperson declined to discuss security arrangements.

The Ottawa mint has itself been victim of a heist, although not a caper likely to inspire admiration. Last month former employee Leston Lawrence was sentenced to 30 months and ordered to repay $190,000 or serve an additional 30 months. The court heard he snuck something like 22 gold “pucks,” weighing around 7.4 ounces each, out of his workplace and into the hands of buyers.

Among the evidence was a tube of Vaseline found in his locker. He smuggled the contraband in his rectum.

Golden Dawn Minerals reports positive gold-silver metallurgy from B.C.’s Greenwood camp

March 15th, 2017

by Greg Klein | March 15, 2017

Initial metallurgical results support Golden Dawn Minerals’ (TSXV:GOM) plan to put a southeastern British Columbia mine and mill back into production. A 16-kilogram composite sample from the May Mac mine underwent gravity and flotation at the company’s Greenwood mill, 15 kilometres away, with 98% recovery for gold and 97.7% for silver. Preliminary results suggest no major modifications to the mill would be necessary to process May Mac feed.

The past producer comprises one of several former mines proximal to the mill that Golden Dawn endeavours to re-open.

Golden Dawn Minerals reports positive gold-silver metallurgy from B.C.’s Greenwood camp

Sitting amidst Golden Dawn’s portfolio of former mines,
the Greenwood mill has a 200-tpd capacity expandable to 400 tpd.

“Flotation cleaning will now be tested in order to make a higher-grade concentrate for sale,” the company stated. “Optionally, cyanide leaching results after 48 hours’ retention indicate approximately half the silver was recovered, and with a gold recovery of 90%.”

Meanwhile underground drilling continues at May Mac, with surface drilling planned for next month. The company has permitting underway to extend the mine’s #7 level for a bulk sample of up to 10,000 tonnes for processing at the Greenwood mill. Plans also call for a maiden resource this year. Earlier this month the company released the last of 19 holes from last winter’s program.

With a de-watering permit now in process for the nearby Lexington project, Golden Dawn hopes to begin trial mining in Q3 or Q4. The past producer has 96,300 gold-equivalent ounces measured and indicated, along with 2,300 ounces inferred at a 3.5 g/t gold-equivalent cutoff.

Included in the 2017 agenda is surface drilling at Golden Crown, which currently hosts 62,500 gold-equivalent ounces indicated and 13,100 ounces inferred, also using a 3.5 g/t gold-equivalent cutoff.

Golden Dawn has a modest program of geophysics in store for the KRR property, an 11,000-hectare package of 29 historic mines and 40 significant showings. The company announced a 43-101 on the recent acquisition in January.

With a final tranche of US$1 million now in hand, the company has collected the full US$4-million advance from a gold purchase agreement with RIVI Capital LLC.

Golden Dawn’s Greenwood camp portfolio lies about 500 kilometres east of Vancouver.

92 Resources expands B.C. frac sand property adjacent to takeover target

March 13th, 2017

by Greg Klein | March 13, 2017

A 2,404-hectare addition to 92 Resources’ (TSXV:NTY) Golden frac sand property brings the total to 3,211 hectares next to a silica sand mine in southeastern British Columbia.

“A domestic or western Canadian frac sand deposit with suitable quality would benefit from more advantageous transportation and exchange rate costs over foreign competitors,” said 92 Resources president/CEO Adrian Lamoureux. “We believe these to be important factors in the recent takeover of the neighbouring Moberly silica sand mine.”

92 Resources expands B.C. frac sand property adjacent to takeover target

Next door to the Golden property, Heemskirk Canada’s Moberly project produced silica sand for high-quality glass manufacture for over 30 years. It’s now being redeveloped as a frac sand production and processing operation. Meanwhile Heemskirk’s parent company, Heemskirk Consolidated, is subject to a takeover bid by Northern Silica, a subsidiary of Taurus Resources No. 2 BC, that’s expected to close next month.

Golden’s expansion gives the property over 18 kilometres of strike along the Mount Wilson formation, which consists of high-purity, white quartzite, 92 Resources stated. With only initial prospecting, sampling and testing done so far, results from the most recent program in 2014 show silica content grading 98.3% to 99% SiO2. In two of four samples, over 65% of material fell in the 40- to 170-mesh range. “The two adequate size fraction samples passed 6,000 PSI compressibility testing, each producing 8.1% fines,” the company added.

92 Resources has mapping, sampling and drilling now in the planning stages for Golden.

Besides a product used in oil and gas exploration, 92 Resources pursues a clean energy commodity at two lithium properties. In January the company filed a 43-101 for its Hidden Lake project in the Northwest Territories, which hosts at least six lithium-bearing spodumene dykes. Channel samples on four of them averaged 1.03% Li2O, with one hitting a peak of 3.31%. Ground magnetics, along with liquid separation and flotation tests, have been recommended for the project.

The 1,659-hectare property has all-weather access to Yellowknife, 45 kilometres southwest.

92 Resources also anticipates initial exploration this year on its 5,536-hectare Pontax property in Quebec’s James Bay region.

Last month the company closed an oversubscribed private placement of $895,199.

As new budgets announced, Canadian mineral exploration gets some government support

March 10th, 2017

by Greg Klein | March 10, 2017

The exploration industry had a good week for government incentives from Ottawa, the Northwest Territories and, going back a bit farther, British Columbia. Federal Minister of Natural Resources Jim Carr helped kick off PDAC by announcing a one-year renewal of the 15% mineral exploration tax credit, along with his government’s maintenance of the flow-through credit. The announcement incorporates key PDAC submissions for the federal budget, expected to be delivered later this month.

As new budgets announced, Canadian mineral exploration gets some government support

Citing estimates from Finance Canada, the Association for Mineral Exploration said the flow-through credit stimulates $3 in exploration for every $1 in tax saving.

On March 3 the NWT announced an increase in the territory’s mining incentive program from $400,000 to $1 million. Last year five companies received grants for six projects ranging from $34,575 to $85,000. Five prospectors got amounts ranging from $11,952 to $15,000.

The NWT also extended its work credit program for another two years and boosted the incentive by making it easier to keep claims active. Exploration spending will now be assessed at one and a half times its value.

NWT and Nunavut Chamber of Mines president Gary Vivian called the budget adjustments “the right action to help the NWT grow the lower-than-expected exploration investment recently projected by Natural Resources Canada.” The federal agency predicts a 3% spending reduction on the territory’s exploration and deposit appraisals, to $64.4 million this year.

“Furthermore, the GNWT’s actions are well aligned with the NWT Minerals Development Strategy, which is critical for the sustainability of the minerals industry in the north and the valuable socio-economic activity this industry brings to the governments and people of the NWT,” Vivian added.

A week earlier, B.C. tabled a budget confirming Premier Christy Clark’s announcement at AME’s Roundup conference in January. The province extended its flow-through credit to the end of the year and expanded eligibility for the mining exploration tax credit to include costs of environmental studies and community consultations. Further encouragement came from a two-year, $10-million grant to Geoscience BC.

Additionally, the province’s Ministry of Energy and Mines gets an extra $18 million over three years to help support permitting, compliance and enforcement.

The industry’s buoyant mood, noticed in the latter part of 2016 and evident at VRIC 2017, Roundup and PDAC, follows a particularly bad year for B.C. According to a report from the provincial ministry, AME and EY, exploration spending in the province declined through four consecutive years, dropping last year to $205 million from exploration companies and $1.8 million from prospectors. That represented a 25% decline over 2015 and the lowest level since 2009.

(Natural Resources Canada reports a 2016 B.C. low of $220.4 million.)

Released March 7, the British Columbia Mineral and Coal Exploration Survey 2016 said the province had come to the end of a 10- to 15-year mine development cycle, returning to a cycle focusing on grassroots and early-stage exploration.

“Notwithstanding the current downturn, the industry remained an important source of jobs and was, and continues to be, an economic contributor to communities throughout the province,” the report stated.

Natural Resources Canada forecasts about $237.5 million being spent on B.C. exploration and deposit appraisals in 2017, more than 7.7% above the agency’s 2016 total. For the country overall, NRC predicts an 18% increase this year, to $1.844 billion.

Golden Dawn Minerals reports May Mac assays as underground drilling continues

March 6th, 2017

by Greg Klein | March 6, 2017

Golden Dawn Minerals TSXV:GOM released the last of 19 holes drilled so far this winter at its May Mac mine in southern British Columbia’s historic Greenwood camp. Following assays reported last month, the results show silver-polymetallic mineralization on the Skomac vein system beyond, above and below the former mine’s #7 adit.

Some highlights from hole MU17-10 include:

  • 81.1 g/t silver, 0.06 g/t gold, 2.1% lead and 0.6% zinc over 5.25 metres, starting at 188.82 metres in downhole depth
  • (including 121.4 g/t silver, 0.07 g/t gold, 3.5% lead and 1% zinc over 2.7 metres)

  • 86 g/t silver, 0.01 g/t gold, 5.3% lead and 1.6% zinc over 1 metre, starting at 195.78 metres

  • 174.3 g/t silver, 8.2 g/t gold, 3.7% lead, 2.6% zinc and 0.01% copper over 1.2 metres, starting at 211.6 metres
  • (including 228 g/t silver, 19.65 g/t gold, 8.8% lead, 6.2% zinc and 0.2% copper over 0.5 metres)

  • 98 g/t silver, 0.01 g/t gold, 0.5% lead, 0.9% zinc and 0.1% copper over 1.5 metres, starting at 218.37 metres

  • 18.33 g/t silver, 3.11 g/t gold, 1.2% lead, 3.5% zinc and 0.1% copper over 1.97 metres, starting at 221.89 metres

  • 37.5 g/t silver, 6.76 g/t gold, 1.4% lead, 2.2% zinc and 0.1% copper over 1.32 metres, starting at 226.4 metres
Golden Dawn Minerals reports May Mac assays as underground drilling continues

True widths weren’t available.

The program found veining concentrated in four zones ranging from 1.2 metres to 19.43 metres in extent, with significant mineralization in the first three zones.

Drilling continues at the underground drill station, prior to moving the rig to two other stations. Golden Dawn also has permitting underway to extend the #7 drift for a bulk sample of up to 10,000 tonnes. Samples have already been taken for metallurgical tests at the company’s Greenwood mill, 15 kilometres southeast. Golden Dawn holds an extensive portfolio of former mines proximal to the 200-tpd mill, which the company hopes to restart this year.

Last month the company announced a US$4-million advance on a streaming agreement for its past-producing Lexington and Golden Crown gold mines. Lexington has trial mining anticipated for Q3, while Golden Crown has a permit application for infill drilling. Trial mining at Golden Crown could begin in Q2 2018, following successful permitting, adit refurbishment and underground exploration.

The company also has field work planned for its Phoenix and Tam O’Shanter properties, part of a 11,000-hectare, 29-property acquisition that closed in January.

Golden Dawn’s Greenwood portfolio sits about 500 kilometres east of Vancouver.

Commerce Resources and TUGLIQ Energy ink MOU on wind power for Quebec rare earths project

March 1st, 2017

by Greg Klein | March 1, 2017

Looking at the dual benefits of cutting costs and cutting emissions, Commerce Resources TSXV:CCE and TUGLIQ Energy have signed a memorandum of understanding to assess the potential for wind energy on the Ashram rare earths project. Announced February 28, the MOU follows TUGLIQ’s preliminary evaluation of local and regional wind data proximal to the northern Quebec deposit that Commerce is advancing towards pre-feasibility. Funding for the wind energy study comes partly from the province’s Ministère de l’Énergie et des Ressources naturelles.

Commerce Resources and TUGLIQ Energy ink MOU on wind energy for Quebec rare earths project

TUGLIQ Energy provides wind-generated electricity
for Glencore’s Raglan mine. (Photo: TUGLIQ Energy)

An independent power producer already active in northern Quebec, TUGLIQ operates a 3 MW wind turbine with energy storage that the company built in 2014 at Glencore’s Raglan mine. In the Northwest Territories, the Rio Tinto NYSE:RIO/Dominion Diamond TSX:DDC Diavik mine has been supplementing its diesel power with a four-turbine, 9.2 MW wind farm since 2012.

TUGLIQ’s Ashram study will consist of wind resource assessment, electrical system engineering and an integration study including assessment of greenhouse gas emission reductions.

“We are excited to be collaborating with TUGLIQ and to have the support of the Quebec government on this renewable resource project,” said Commerce president Chris Grove. “We look forward to evaluating this potential in much further detail. The potential to incorporate cost-effective renewable energy into the Ashram project only makes it that much more attractive for development.”

In mid-February the company closed a $1.71-million private placement that included $1 million from Ressources Québec, a subsidiary of the provincial government corporation Investissement Québec. The money will be used to complete Ashram’s pilot plant and produce REE and fluorite concentrates for companies that requested samples. Among them are Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle and Blue Line.

Having reached PEA in 2012, the high-grade, near-surface deposit features an impressive distribution of magnet feed elements and relatively simple metallurgy, suggesting a potentially low-cost operation.

Quebec maintains its respected position as a mining jurisdiction, according to a Fraser Institute study released February 28. “Quebec ranks third in Canada and sixth globally—up from eighth spot last year—and is the only other Canadian jurisdiction [along with Saskatchewan and Manitoba] in the top 10 worldwide for overall investment attractiveness,” the FI stated.

In another rare metals project, Commerce holds the Upper Fir tantalum-niobium deposit in southeastern British Columbia, which reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

Saskatchewan and Manitoba first and second globally as mining jurisdictions

March 1st, 2017

by Greg Klein | March 1, 2017

Saskatchewan edged one notch upwards to take first place worldwide while Manitoba soared from 19th to second in this year’s Fraser Institute survey of mining and exploration jurisdictions. Those two provinces pushed last year’s top performer, Western Australia, down to third place. Canada’s other top 10 spot went to Quebec, rising to sixth from eighth the year before. All continents but Antarctica came under scrutiny but Canadian, American, Australian and European locales monopolized the top 10.

Farther down the list, the strongest Canadian improvements were Newfoundland and Labrador, climbing to 16th from 25th, and the Northwest Territories, now 21st, previously 35th. Most disappointing were British Columbia (falling to 27th from 18th), Nunavut (31st from 23rd) and Alberta (47th from 34th).

Those findings come from the survey’s Investment Attractiveness Index, which combines two other indices—Policy Perception, a “report card” on government attitudes, and Best Practices Mineral Potential, concerning geological appeal. Representatives of 104 companies responded with their 2016 experiences in mind, giving a numerical rating to questions in several categories regarding their likelihood of investing in a particular jurisdiction. The previous year 109 companies responded.

Here’s the top 10 globally for overall investment attractiveness, with last year’s standings in parentheses:

1 Saskatchewan (2)

2 Manitoba (19)

3 Western Australia (1)

4 Nevada (3)

5 Finland (5)

6 Quebec (8)

7 Arizona (17)

8 Sweden (13)

9 Ireland (4)

10 Queensland (16)

Here are the Canadian runners-up:

15 Yukon (12)

16 Newfoundland and Labrador (25)

18 Ontario (15)

21 Northwest Territories (35)

27 British Columbia (18)

31 Nunavut (23)

40 New Brunswick (45)

47 Alberta (34)

52 Nova Scotia (59)

At least those provinces and territories steered far clear of the bottom 10, where Argentina figures prominently:

95 Mozambique (84)

96 Zimbabwe (98)

97 India (73)

98 Mendoza province, Argentina (101)

99 La Rioja province, Argentina (109)

100 Afghanistan (not available)

101 Chubut province, Argentina (104)

102 Venezuela (108)

103 Neuquen province, Argentina (93)

104 Jujuy province, Argentina (86)

“We believe that the survey captures, at least in broad strokes, the perceptions of those involved in both mining and the regulation of mining in the jurisdictions included in the survey,” stated authors Taylor Jackson and Kenneth P. Green.

Download the Fraser Institute Annual Survey of Mining Companies 2016.

Golden Dawn Minerals releases silver-gold-polymetallic assays from historic Greenwood camp

February 24th, 2017

by Greg Klein | February 24, 2017

Underground drilling delivered the highest silver and gold assays so far from the Skomac vein system at the former May Mac mine, Golden Dawn Minerals TSXV:GOM reported February 23. With noteworthy lead and zinc numbers as well, the results come from one of the past-producers the company intends to revive at its Greenwood portfolio in southern British Columbia. The assays reflect nine of this year’s 10 May Mac holes totalling 1,320 metres, while results are pending for the tenth hole. Along with nine holes sunk late last year and released in mid-January, the work currently totals 2,125 metres.

All 19 holes hit the Skomac vein system, showing mineralization continues along the principal vein from the #6 level, passing the #7 level. Parallel veins also revealed mineralization. Some highlights include:

Hole MU17-01

  • 235 g/t silver, 2.07 g/t gold, 0.8% lead, 1.4% zinc and 0.2% copper over 1.56 metres, starting at 32.05 metres in downhole depth

MU17-02

  • 231.2 g/t silver, 0.51 g/t gold, 5.9% lead, 6.4% zinc and 0.3% copper over 1.92 metres, starting at 59.44 metres
Golden Dawn Minerals releases silver-gold-polymetallic assays from historic Greenwood camp

Golden Dawn plans additional underground
drilling and a bulk sample at the former May Mac mine.

MU17-05

  • 177 g/t silver, 7.91 g/t gold, 0.5% lead, 0.4% zinc and 0.1% copper over 1.05 metres, starting at 32.67 metres

MU17-06

  • 35.1 g/t silver, 6.32 g/t gold, 0.3% lead, 0.6% zinc and 0.1% copper over 1.36 metres, starting at 224.82 metres
  • (including 79.5 g/t silver, 14.55 g/t gold, 0.6% lead, 0.3% zinc and 0.1% copper over 0.46 metres)

MU17-07

  • 371 g/t silver, 8.86 g/t gold, 0.7% lead and 0.2% copper over 0.5 metres, starting at 62.7 metres

MU17-08

  • 559.4 g/t silver, 1.27 g/t gold, 0.2% lead, 2.1% zinc and 0.1% copper over 2.06 metres, starting at 52.8 metres
  • (including 1,935 g/t silver, 4.21 g/t gold, 0.7% lead, 7.1% zinc and 0.2% copper over 0.54 metres)

True widths weren’t available.

With more holes scheduled for this drill station, Golden Dawn plans additional underground work at two other drill stations. The company also has permitting underway to extend the #7 drift for drilling and bulk sampling up to 10,000 tonnes. Processing would take place at Golden Dawn’s Greenwood mill, 15 kilometres southeast.

Looking at another of the company’s Greenwood properties, Golden Dawn has applied for a surface drilling permit for its Golden Crown property, which has a 2016 resource estimating 62,500 gold-equivalent ounces indicated and 13,100 ounces inferred.

Other plans include field work on an acquisition of 29 former Greenwood mines that closed last week. Golden Dawn filed a 43-101 on the 11,354-hectare package in January.

On February 24 the company announced closing of a US$1-million convertible security increase with Lind Asset Management VI. Earlier this month Golden Dawn reported receiving an initial US$3 million of a US$4-million streaming deal from RIVI Capital.

With an extensive portfolio of former mines proximal to its 200-tpd mill, Golden Dawn hopes to revive the historic Greenwood camp, about six hours’ drive east of Vancouver.

Infographics: Think again about natural resources

February 23rd, 2017

Among the news from Resource Works is the #ThinkAgain campaign, a series of infographics that “set the record straight on myths, misunderstandings, ‘alternative facts’ and fake news about resources.”

Here’s the current batch. Resource Works promises more to come.

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Infographics: Think again about natural resources

Posted with permission of Resource Works, a non-profit research and advocacy organization “supporting a respectful, fact-based public dialogue on responsible resource development in B.C.”