Saturday 7th December 2019

Resource Clips


Posts tagged ‘b.c.’

Geoscience BC seeks to put “hidden” copper-gold resources into the public domain

December 6th, 2019

by Greg Klein | December 6, 2019

Additional base and precious metals could be waiting for discovery in a region already hosting some of British Columbia’s largest mines. A new program by Geoscience BC plans a number of measures to search for potential deposits hidden beneath glacial till.

Under scrutiny will be a 50,700-kilometre swath of Quesnel terrane between Centerra Gold’s (TSX:CG) Mount Milligan gold-copper mine to the northwest and, to the southeast, Taseko Mines’ (TSX:TKO) 75%-held Gibraltar copper-molybdenum operation and Imperial Metals’ (TSX:III) Mount Polley project, now on care and maintenance. Backed by $2.9 million in funding, the Central Interior Copper-Gold Research project begins with two programs. One will analyze new and existing till samples with satellite imagery to trace samples and geochemical anomalies to their source. Another program will use existing geophysical data to identify, map and model potential copper-gold deposits.

Geoscience BC seeks to put “hidden” copper-gold resources into public domain

Receding glaciers may have helped hide valuable resources.
(Photo: Geoscience BC)

Results are scheduled for 2021, when drilling is anticipated and additional related projects may take place. Data will be made public for the benefit of communities, governments and academia, as well as the mining sector.

Consequently, support for the program came from communities as well as industry. At a December 5 open house North Central Local Government Association president Lara Beckett said, “The communities of the NCLGA benefit from the valuable public data on water, energy and minerals that these initiatives provide. NCLGA members have passed resolutions in support of the work of Geoscience BC and look forward to working together on future opportunities to strengthen communities throughout north-central British Columbia.”

Association for Mineral Exploration president/CEO Kendra Johnston called the work “important to AME members because the data and information that they provide inspire new mineral exploration and attract new investment to British Columbia. We look forward to seeing the results from the first two projects, and to learning more about future phases.”

Other recently announced Geoscience BC programs include Porphyry Vectoring Techniques in Advanced Argillic Altered Rocks, a study of three known porphyry copper-gold deposits in the province’s northwest and north-central regions.

Earlier last month Geoscience BC published a report on mineral deposit types in the Toodoggone area of B.C.’s north-central region. Among several other projects, the non-profit group is also studying methods of extracting rare earth elements from B.C. coal deposits.

Learn more about the Central Interior Copper-Gold Research project.

International Montoro Resources finds greater massive sulphide potential at Elliot Lake, Ontario

December 3rd, 2019

by Greg Klein | December 3, 2019

After adding results from a ZTEM MVI inversion magnetic survey, estimates of the Pecors anomaly double in size.

 

The Serpent River property shows enhanced prospects for nickel, copper, gold, platinum and palladium, according to a recent compilation and analysis of geophysical data. International Montoro Resources TSXV:IMT reported two likely massive sulphide targets over the project’s Pecors anomaly. Now measured to about 5.7 kilometres by 4.2 kilometres by 2.2 kilometres, the anomaly extends to twice the size of a previous estimate.

International Montoro Resources finds greater massive sulphide potential at Elliot Lake, Ontario

A 2015 drill program tested the property’s magnetic anomaly.

The findings come from Mira Geoscience, considered a pioneer of advanced geological and geophysical modelling. The firm analyzed data using its Geoscience Analyst 3D visualization and exploration platform.

Following a 2007 VTEM survey, Montoro sunk two holes totalling 2,322 metres in 2015. One hole intersected a magnetic anomaly’s source, a gabbro body with minor sulphides showing nickel, copper and PGE values near the base. The other hole also intersected the gabbro, finding low-grade gold, platinum, palladium, copper and nickel values, the company stated.

“In essence we are exploring for a massive sulphide nickel-copper-PGE-gold deposit,” said president/CEO Gary Musil.

Last October the company announced a 51% earn-in on the 2,250-hectare Camping Lake property in Ontario’s Red Lake district. In British Columbia’s Cariboo region, Montoro completed rock and soil sampling last July on its 2,138-hectare property bordering Defense Metals’ TSXV:DEFN Wicheeda rare earths project.

Montoro’s portfolio also includes two northern Saskatchewan uranium properties held 50/50 with Belmont Resources TSXV:BEA.

Conrad Black to address the Vancouver Resource Investment Conference in January

November 29th, 2019

by Greg Klein | November 29, 2019

Conrad Black to speak at the Vancouver Resource Investment Conference in January

Conrad Black

He was born rich, made himself richer, built a media empire, lost a media empire, wrote history, made history, disrupted Canadian journalism, got thrown into prison and returned as one of Canada’s most compelling social and political commentators.

That’s his short-form CV in one long sentence. But Conrad Black’s a writer who likes long sentences. He’s also a public speaker who’ll be appearing at the Vancouver Resource Investment Conference, held January 19 and 20.

This will be an opportunity to hear an uncategorizable voice in Canadian public discourse, with perspectives on a number of issues that affect resource industries. He’ll head a lineup of over 60 speakers including Rick Rule, Frank Holmes, Marin Katusa and Brent Cook, among others. Over 350 exhibitors and 9,000 investors are expected to attend.

The conference takes place at the Vancouver Convention Centre West from January 19 to 20. Click here for more info on VRIC 2020.

VRIC conveniently overlaps the Association for Mineral Exploration’s Roundup 2020, held next door at the Vancouver Convention Centre East from January 20 to 23. Click here for more info on AME Roundup 2020.

Read Conscription, colonization, a gold-backed buck: Some Conrad Black remedies for Canada.

Commerce Resources reports high grades over wide intervals at Quebec rare earths-fluorspar project

November 28th, 2019

by Greg Klein | November 28, 2019

With core moved from the storage vault to the lab, new assays further confidence in a resource update anticipated for next year as the Ashram deposit advances towards pre-feasibility. The results come from a 14-hole, 2,014-metre program sunk in 2016 but only recently assayed for budgetary reasons. Now cashed-up Commerce Resources TSXV:CCE unveils an impressive batch of near-surface rare earths and fluorspar intercepts from the northern Quebec property.

Commerce Resources reports high grades over wide intervals at Quebec rare earths-fluorspar project

Among the highlights are one of the project’s best-yet intercepts: 2.38% rare earth oxides over 64.54 metres, with sub-intervals including 3.02% over 28.35 metres. Another standout shows 1.71% over 221.95 metres, including 2.18% over 36.16 metres. Yet another hole boasts 2.16% over 53.55 metres. (True widths were unavailable.)

These are near-surface results, starting at downhole depths of 66.5 metres, 2.69 metres and 1.54 metres respectively.

Another critical mineral and one not factored into Ashram’s previous PEA, fluorspar also comes through in impressive grades, such as 7.2% calcium fluoride over 221.95 metres, including 11.5% CaF2 over 36.16 metres. Metallurgical studies currently underway work on upgrading the fluorspar to higher-priced acid grade in a flowsheet that would provide both rare earths and fluorspar concentrates, improve RE extraction and reduce tailings. The Colorado lab will also produce samples to meet requests from potential customers.

This round of definition drilling targeted the deposit’s northern, western and southern margins with holes spaced 50 metres apart, and in some cases 25 metres apart. Additional drilling at 25-metre centres may take place.

Using a 1.25% cutoff, Ashram’s 2012 resource estimate showed:

  • measured: 1.59 million tonnes averaging 1.77% total rare earth oxides

  • indicated: 27.67 million tonnes averaging 1.9% TREO

  • inferred: 219.8 million tonnes averaging 1.88% TREO

The carbonatite-hosted deposit features relatively simple monazite, bastnasite and xenotime mineralogy, familiar to conventional rare earths processing

Anticipated for the coming year is Ashram’s first resource update since 2012, factoring in 9,625 metres of drilling since then. Previous drilling followed mineralization from near-surface to depths beyond 600 metres where mineralization remains open, as evidenced by 4.13% REO over 0.6 metres beginning at 599.9 metres’ depth.

Work continues as the United States and other allied countries show increasing concern about China’s domination of several critical minerals with a special focus on rare earths but also including fluorspar, tantalum and niobium. Commerce also holds the advanced-stage Blue River tantalum-niobium deposit in southern British Columbia.

About two kilometres from Ashram, Saville Resources TSXV:SRE operates the Niobium Claim Group under a 75% earn-in from Commerce. After releasing niobium-tantalum-phosphate results last June, Saville now has the project’s fluorspar potential under evaluation.

Earlier this month Commerce closed the final tranche of a private placement totalling $2.51 million. Another placement in August garnered $413,749.

Read more about Commerce Resources.

Updated: Belmont Resources’ Greenwood expansion continues with new acquisitions

November 21st, 2019

Update: On November 21, 2019, the company announced two more Greenwood-area acquisitions totalling 45 hectares in the Pride of the West and Great Bear claims.

by Greg Klein | October 30, 2019

Newly acquired turf shows continued interest in an historic southern British Columbia mining camp. On October 30 Belmont Resources TSXV:BEA announced 127 hectares of new claims to add to its existing holdings in the area.

The Glenora acquisition sits adjacent to Golden Dawn Minerals’ (TSXV:GOM) Golden Crown project, about three kilometres from Golden Dawn’s processing plant and one kilometre from the former Phoenix mine.

Belmont Resources expands its presence in B.C.’s Greenwood camp

Although neighbouring deposits don’t necessarily reflect on the potential of other properties, an idea of Greenwood activity can be gleaned from historic production at Phoenix. The open pit reportedly produced over one million ounces of gold and 500 million pounds of copper up to 1978. Golden Crown reached PEA in 2017 with a resource that uses a 3.5 g/t gold-equivalent cutoff:

Indicated: 163,000 tonnes averaging 11.09 g/t gold and 0.56% copper for 11.93 g/t gold-equivalent containing 62,500 gold-equivalent ounces

Inferred: 42,000 tonnes averaging 9.04 g/t gold and 0.43% copper for 9.68 g/t gold-equivalent containing 13,100 gold-equivalent ounces

Belmont plans further assessment of Glenora while considering other possible acquisitions in the camp.

The new claims will cost the company 420,000 units on TSXV approval, with each unit containing one share and one warrant. Another 420,000 shares are payable within a year and a 1.5% NSR will apply.

Earlier this month Belmont reported sample results from its Greenwood-area Pathfinder project, with grades up to 4.999 ppm gold, 35.86 ppm silver, 20700 ppm copper and 45.1 ppm cobalt. The autumn campaign followed a summer program that returned sample assays up to 29.2 g/t gold, along with silver, copper and lead. The company currently has contract proposals under review for an airborne VTEM survey over the property.

Belmont’s portfolio also includes a 75% interest in Nevada’s Kibby Basin lithium project, where drill results have graded up to 393 ppm lithium over 42.4 metres and 415 ppm over 30.5 metres. In northern Saskatchewan the company shares a 50/50 stake with International Montoro Resources TSXV:IMT in two uranium properties.

Belmont currently has private placements on offer totalling up to $300,000. The company closed a $252,000 private placement last June and arranged two loans totalling $50,000 in August.

Belmont Resources director George Sookochoff extols the potential of an historic southern B.C. region

November 6th, 2019

…Read more

OSC promotes financial literacy, BCSC to get new powers of investigation and enforcement

November 1st, 2019

by Greg Klein | November 1, 2019

That “sociopathic securities regulator,” as Conrad Black called it, has new programs scheduled to help protect investors from, well, other sociopaths. The Ontario Securities Commission will present in-person, online and over-the-phone events throughout November to mark Financial Literacy Month.

People need the tools to make informed financial decisions, and through our financial literacy and investor education activities we’re helping millions of people get smarter about money.—Tyler Fleming,
Ontario Securities Commission

Among them are community seminars, a November 19 telephone town hall, a multilingual website expanded with 16 more languages, a video series, further editions of Investor News and additional resources on the OSC’s consumer website GetSmarterAboutMoney.ca.

“Improving people’s financial knowledge, skills, confidence and behaviour is a key area of focus of the OSC,” said the commission’s Tyler Fleming. “People need the tools to make informed financial decisions, and through our financial literacy and investor education activities we’re helping millions of people get smarter about money.”

Late last month the British Columbia Securities Commission joined the provincial government to announce “sweeping changes” that would give the BCSC “some of the strongest powers in the country.” The proposed legislation would be the first significant amendments of the province’s Securities Act since 2011 and the most extensive since the act became law in 1996.

The new measures would boost maximum fines and prison terms, with minimum sentences applied to some repeat offenders. In some cases the BCSC could impose fines without a hearing. The commission would also gain stronger investigative powers.

OSC promotes financial literacy, BCSC to get new powers of investigation and enforcement

Other measures would allow the BCSC to seize property transferred to third parties, prevent fraudsters from getting a driver’s licence or vehicle plates, and seize registered retirement savings plans.

The commission would also gain stronger control over derivatives trading and corporate transactions.

“B.C. is setting the bar high when it comes to protecting people’s investments,” said Ermanno Pascutto of the Canadian Foundation for Advancement of Investor Rights. “These amendments to improve fine collection rates are some of the most far-reaching in Canada and align with international best practice. We are pleased that the B.C. government and the BCSC will make it a priority to return funds to victims of investment fraud.”

The stronger measures apparently respond to a series of 2017 stories by Postmedia journalist Gordon Hoekstra detailing several cases of unenforced sanctions despite scammers holding significant assets. Over the previous decade the BCSC collected less than 2% of $510 million in fines and payback orders while the OSC enforced about 18% of its penalties, he reported.

“Immediately after the Postmedia investigation, the BCSC filed at least 10 writs of seizure and sale in B.C. Supreme Court for financial fraudsters owing nearly $70 million in penalties, and renewed three enforcement orders, “ Hoekstra wrote in June 2018. “Also following the investigation, B.C. Finance Minister Carole James ordered the BCSC to improve its collection record and called for new tools and modernization of the Securities Act to improve collection.”

Belmont Resources expands its presence in B.C.’s Greenwood camp

October 30th, 2019

This story has been updated and moved here.

PDAC infographics: Highlighting mining’s contributions to Canada’s economy

October 28th, 2019

by Greg Klein | October 28, 2019

Although Canadian miners hold global stature, Canadians don’t always recognize the industry’s importance to our own country. Yet the numbers tell a story that’s not only impressive but vital to understanding an economy in which mining supports one in 29 jobs and provides the largest private sector source of native employment.

To state the case clearly, the Prospectors & Developers Association of Canada created a series of infographics outlining the industry’s contributions. Check them out yourself by scrolling down to see facts and figures for Canada overall and for each province or territory. Or click on the menu below for a direct link to each jurisdiction.

Canada nationwide | Yukon | Northwest Territories/Nunavut | British Columbia | Alberta | Saskatchewan | Manitoba | Ontario | Quebec | New Brunswick/Nova Scotia | Newfoundland and Labrador/Prince Edward Island

Posted with permission of the Prospectors & Developers Association of Canada.

 

PDAC infographics Highlighting mining’s contributions to Canada’s economy

 

PDAC Yukon mining infographic

 

PDAC NWT Nunavut mining infographic

 

PDAC BC mining infographic

 

PDAC Alberta mining infographic

 

PDAC Saskatchewan mining infographic

 

PDAC Manitoba mining infographic

 

PDAC Ontario mining infographic

 

PDAC Quebec mining infographic

 

PDAC Nova Scotia New Brunswick mining infographic

 

PDAC Newfoundland Labrador PEI mining infographic

Posted with permission of the Prospectors & Developers Association of Canada.

Over a Barrel: Documentary now online about Vivian Krause vs. the U.S.-funded campaign against Canadian oil

October 25th, 2019

by Greg Klein | October 25, 2019

What they’ve done to us is actually brilliant—it’s pure brilliance. Because they’re not doing it to themselves. They’re getting Canadians to do it to ourselves. And I don’t think Canadians understand that this is what’s happening to them. On a larger scale, they’re doing to Canada what they did to my community. So I don’t think Canada really understands that the real war here is an outside force pitting Canadians against Canadians.—Ellis Ross, B.C. MLA and former chief councillor of the Haisla Nation, from the documentary Over a Barrel

The impressive work of a singularly remarkable activist has come to the screen, both in movie theatres and on computers. Over a Barrel presents a half-hour documentary on the research of Vivian Krause into the American-backed anti-oilsands campaign. Having already appeared in Alberta theatres, the film’s now online and, until October 31, for free (although donations are accepted).

Starting November 1, and in lieu of rich U.S. backers, an online viewing will cost $4.99.

Through well over a decade of perseverance, Krause has documented a money trail leading to powerful American interests whose more than half a billion in funding, tactics of disinformation, and interference in Canadian elections targets Albertans and other Canadians to the benefit of Americans and their oil industry.

The documentary also portrays a human cost to the campaign, as native spokespeople discuss how foreign interference and urban activists deprive their communities of badly needed economic development.

Click here to watch Over a Barrel online, for free or by donation until October 31 and for $4.99 after that.

Read an October 22 op-ed by Vivian Krause: Obama wasn’t the only American interfering in the Canadian election.

Read more about Vivian Krause and her work.