Saturday 19th September 2020

Resource Clips


Posts tagged ‘british columbia’

Kendra Johnston of the Association for Mineral Exploration welcomes an alliance between two complementary groups

September 17th, 2020

…Read more

IMC International Mining CEO Brian Thurston discusses his company’s Thane project in the Quesnel Terrane

September 15th, 2020

…Read more

International Montoro Resources options gold prospect in Ontario’s historic Atikokan camp

September 10th, 2020

by Greg Klein | September 10, 2020

Another portfolio addition reflects the revival of interest in this southwestern Ontario region. By optioning the 1,296-hectare Blackfly gold property, International Montoro Resources TSXV:IMT joins the Hammond Reef activity that includes an intermediate miner as well as junior explorers.

International Montoro Resources options gold prospect in Ontario’s historic Atikokan camp

The Atikokan region was also home to the
historic Caland and Steep Rock iron mines.
(Photo: VisitAtikokan.com)

An 1897 find makes Blackfly one of the earliest discoveries in the Atikokan gold mining camp. Exploration on the property continued intermittently up to 2012, when historical reports and data were compiled.

International Montoro attributes much of the camp’s current interest to efforts by Agnico Eagle Mines TSX:AEM to acquire additional property proximal to its Hammond Reef gold deposit, which has received federal and provincial environmental approval. Blackfly sits about 13.6 kilometres southwest along strike from Hammond Reef, within the Marmion Lake Fault Zone.

A 100% interest would cost International Montoro a series of payments totalling $65,000, 500,000 shares, 500,000 warrants valid for two years at $0.12 and, within four years, $153,600 in spending.

In Ontario’s Red Lake camp last July, International Montoro and Falcon Gold TSXV:FG expanded their Camping Lake gold project by 1,200 hectares, for a total of 3,400 hectares. International Montoro’s portfolio also includes the Wicheeda North rare earths property in east-central British Columbia, the Serpent River massive sulphide polymetallic prospect in Ontario’s Elliot Lake camp and the Duhamel polymetallic property in Quebec’s Saguenay-Lac-Saint-Jean region.

Read more about International Montoro Resources.

Ares Strategic Mining launches this summer’s second drill program at its Utah fluorspar project

September 9th, 2020

by Greg Klein | September 9, 2020

With Phase I drilling completed in June and assays released just last week, Phase II has already begun at a former mine that this company plans to put back into production. Ares Strategic Mining TSXV:ARS now has an RC rig testing new targets on a program of 10 to 15 holes totalling up to 1,500 metres at its Lost Sheep fluorspar project in Utah.

Ares Strategic Mining launches this summer’s second drill program at its Utah fluorspar project

An example of fluorite-bearing volcanic
breccia found at surface on Lost Sheep.

The company has near-term plans to resume Lost Sheep production without de-risking through successive PEA and feasibility studies. The Mujim Group bought a 9% stake in Ares earlier this year after the multinational fluorspar mining and distribution company visited Lost Sheep. Should all go to plan, the mine would be America’s sole producer of fluorspar, ranked on both the U.S. list of 35 critical minerals and the EU list of 30 critical raw materials.

The current work follows delineation results released August 31 from 12 RC holes totalling 900 metres that brought high grades over wide intervals.

Two or three new holes totalling 200 to 300 metres will test for possible continuity between the recently drilled LGP pipe and the property’s former Purple Pit underground operation. Former miners at the latter area have told the company mineralization continues towards LGP.

At least five more holes totalling 500 to 700 metres will target nearby breccia pipes that show exposed fluorspar at surface. Success in this area would lead to additional holes to delineate near-surface mineralization.

“Ares is currently considering expanding the proposed production capacity and processing facilities at its mine,” said president/CEO James Walker. “The company anticipates secondary and tertiary mining operations at other sites in the future. By moving our drill program forward, we hope to enable faster expansion of our production capabilities once mining operations have commenced.”

The plan calls for supply of both metspar and the higher-priced acidspar. Metallurgical studies have upgraded Lost Sheep material into 97% CaF2 acidspar. 

Ares’ portfolio also includes northern British Columbia’s Liard fluorspar project, which hosts historic, non-43-101 estimates for seven areas of the highway-accessible property.

Read more about Ares Strategic Mining.

Meet the Zimtu teams

September 3rd, 2020

Eight companies offer eight opportunities at one online event

by Greg Klein | September 3, 2020

Eight companies offer eight opportunities at one online event

 

Their projects span early exploration to advanced development. Their goals include base, precious and critical minerals, but also extend to technology and energy. A wide range of potential comes to the fore on September 10, when Zimtu Capital TSXV:ZC presents a Zoom conference highlighting eight of its colleague companies.

Below we offer an overview of each company. But first here’s how to take part.

To attend, RSVP MPatience@Zimtu.com.

The event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time.

Click this link to connect.

If prompted, enter meeting ID 868 2490 1684 and meeting passcode 679221.

To take part by phone, dial by location:

Canada toll-free
855 703 8985     

U.S. toll-free
833 548 0276
833 548 0282
877 853 5257
888 475 4499       

Germany toll-free
0 800 000 6954
0 800 000 1590

Switzerland
+41 43 210 71 08
+41 44 529 92 72
+41 22 591 00 05
+41 22 591 01 56
+41 31 528 09 88
+41 43 210 70 42

Meeting ID: 868 2490 1684

Click here to find your local number.

 

And here are the companies

 

Arctic Star Exploration TSXV:ADD

Promising geology and proven methodology will come together at Arctic Star Exploration’s (TSXV:ADD) Diagras project in the Northwest Territories’ diamondiferous Lac de Gras region. Currently holding 40% of a joint venture, the company intends to assume operation and increase its ownership when spring offers optimum work conditions.

In addition to drilling, Arctic Star’s plans include gravity and electromagnetic surveys on seven of the property’s 21 known kimberlites. The gravity/EM approach follows that of Kennady Diamonds, which successfully employed the methodology on its Kennady North project two kilometres away. In 2018 Kennady North was acquired by Mountain Province Diamonds TSX:MPVD, De Beers’ JV partner on the adjacent Gahcho Kué mine. Gravity and EM have so far found five drill targets at Diagras.

Arctic Star’s 100%-held Timantti diamond project in Finland hosts nine known diamondiferous kimberlites. With some 150 kilograms of samples ready for processing, ground work is expected to resume once pandemic conditions allow.

Read more about Arctic Star Exploration.

 

Ares Strategic Mining TSXV:ARS

Eight companies offer eight opportunities at one online event

Once re-opened, Lost Sheep will be
America’s only producing fluorspar mine.

The U.S. currently imports its entire supply of this critical mineral but Ares Strategic Mining TSXV:ARS plans to change that soon by opening the country’s only fluorspar operation. Production at Utah’s Lost Sheep mine could begin this autumn without de-risking through successive PEA and feasibility studies, but with the apparent confidence of the Mujim Group. The multinational fluorspar mining and distribution company visited the property earlier this year prior to buying a 9% stake in Ares.

Three of five exploration holes found visible fluorspar, while assays have just been released from 12 holes totalling 900 metres of delineation drilling. Results show high grades over wide intervals from near-surface and at-surface intercepts. Metallurgical tests have upgraded Lost Sheep material above 97% CaF2, achieving the level of higher-priced acidspar.

Ares also holds the Liard fluorspar project in northern British Columbia. Seven areas of the highway-accessible 476-hectare property host historic, non-43-101 estimates.

Read more about Ares Strategic Mining.

September 9 update: Ares launches this summer’s second drill program at Lost Sheep.

 

Commerce Resources TSXV:CCE

Eight companies offer eight opportunities at one online event

Well-understood host minerals, distribution of magnet
feed elements and a friendly jurisdiction distinguish
Commerce Resources’ RE-fluorspar project.

Few if any elements dominate concern about critical minerals like rare earths. That places all the more focus on Commerce Resources’ (TSXV:CCE) Ashram deposit, an advanced-stage Quebec project that also hosts one of the world’s largest fluorspar resources. While working towards pre-feasibility, the company has metallurgical studies advancing on a number of levels, benefiting not only Ashram but the creation of supply chains independent of China. The deposit’s carbonatite-hosted mineralization and relatively simple monazite, bastnasite and xenotime mineralogy complement conventional rare earths processing. Metallurgy has also upgraded Ashram’s fluorspar content to higher-priced acidspar.

Ashram also features a strong presence of high-demand magnet feed elements neodymium, praseodymium, dysprosium and terbium. Work is underway to upgrade the 2012 resource that used a 1.25% cutoff to show:

  • measured and indicated: 29.27 million tonnes averaging 1.9% total rare earth oxides and 2.94% fluorine

  • inferred: 219.8 million tonnes averaging 1.88% TREO and 2.21% F

The deposit starts at surface.

Looking at other critical minerals, Commerce also holds the advanced-stage Blue River tantalum-niobium deposit in southern British Columbia.

Read more about Commerce Resources.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Core Assets Corp CSE:CC

Eight companies offer eight opportunities at one online event

Historic results, more recent sampling and a
greater understanding of regional geology prompted
Core Assets’ major land expansion in B.C.

Determined to become a major explorer in northwestern British Columbia’s Golden Triangle, Core Assets Corp CSE:CC started trading in July, then began September with a nine-fold property expansion. The inspiration for boosting its Blue and Silver Lime holdings to 14,815 hectares comes from continual advancements in the understanding of porphyry, skarn and carbonate replacement-type deposits globally and in the Triangle itself.

The new ground covers the Llewelyn fault zone, which the company believes to be the main transport corridor for high-grade metals found on the property at surface. An historic, non-43-101 drill hole at Blue reached 0.27% copper over 173.2 metres. Grab samples from 2018 graded up to 1.57 g/t gold, 46.5 g/t silver and 8.46% copper.

The 2018 grab samples from never-drilled Silver Lime included 1.16 g/t gold, 913 g/t silver, 12.45% zinc and 20% lead. Core’s regionally experienced team plans a regional magnetic survey over the property.

Watch an interview with the Core Assets team.

 

Dimension Five Technologies CSE:DFT

Creating high-value products, even energy, from waste materials is the goal of Aduro Energy, now subject of an LOI for a reverse takeover by Dimension Five Technologies CSE:DFT. Founded in 2012, Ontario-based Aduro has developed a smart chemistry approach using three water-based technologies to transform diverse feedstocks that include renewable oils as well as waste plastics, foams and rubber. The result can be new plastics, foams, hydrocarbon fuels or specialty chemicals.

Aduro has its three areas of technology—trademarked as Hydrochemolytic Plastics Upgrading, Hydrochemolytic Renewables Upgrading and Hydrochemolytic Bitumen Upgrading—now undergoing demonstration and commercialization stages.

Learn more about Aduro Energy.

 

Emerita Resources TSXV:EMO

Eight companies offer eight opportunities at one online event

Despite extensive previous mining, Aznalcollar
hosts an impressive historic base metals estimate.

Most of Spain’s bullion came from the New World but Emerita Resources TSXV:EMO believes there’s untapped gold-silver potential on its Paymogo polymetallic project. Located amid former and current operations in southern Spain’s Iberian Pyrite Belt, Paymogo’s Romanera deposit hosts an historic, non-43-101 estimate of 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

Eight kilometres away, Paymogo’s Infanta area has historic, non-43-101 reports of high-grade copper-lead-zinc-silver intervals. While preparing an exploration permit application, Emerita is compiling data from 51 holes at Romanera and 48 at Infanta for a digital database to guide another round of drilling.

The company also awaits a court decision regarding a disputed tender for the Aznalcollar zinc-lead past-producer on the same Iberian belt. In May Emerita signed a binding letter agreement to earn a 55% interest in the Sierra Alta gold property in northern Spain. Company assets also include a 50% JV interest in the Plaza Norte zinc project near Spain’s northern coast.

Read more about Emerita Resources.

September 9 update: Emerita releases historic assays prior to drilling Paymogo.

 

Saville Resources TSXV:SRE

Eight companies offer eight opportunities at one online event

Saville outperformed historic intercepts with its
Phase I drill program on the Niobium Claim Group in Quebec.

Two kilometres from Commerce Resources’ Ashram RE-fluorspar deposit, another company explores for other critical minerals—niobium and tantalum. Working on a 75% earn-in from Commerce, Saville Resources TSXV:SRE has also found fluorspar potential on the early-stage Niobium Claim Group.

Saville sunk five holes last year in a promising Phase I campaign on the property’s Mallard prospect. Along with historic results, three drill programs total 14 holes and 3,537 metres on Mallard. Each program surpassed its predecessor for grades and widths while expanding three zones of mineralization that remain open in all directions. Encouraging historic drill results have also come from the project’s Northwest and Star Trench prospects. Yet to be drilled are other high-priority areas, especially Miranna where high-grade boulder samples have reached an exceptional 5.93% Nb2O5.

The property’s host rock predominates in pyrochlore-group minerals and/or ferrocolumbite, amenable to familiar processing methods as the world’s main source of niobium supply.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Zinc8 Energy Solutions CSE:ZAIR

Intermittent green electricity, grid backup and off-grid supply call for long-term electrical storage. Zinc8 Energy Solutions CSE:ZAIR has made inroads into New York by offering a low-cost, reliable approach.

The company’s system stores electricity in zinc particles, avoiding expensive battery minerals like lithium, vanadium and cobalt. When the storage system provides electricity, zinc particles combine with oxygen. When the system recharges, the zinc particles are regenerated and oxygen is returned.

Storage can be scaled from 20 kW to megawatts, making Zinc8’s system suitable for microgrids and utilities. The latter have already shown interest. 

In January the New York Power Authority, America’s largest public power organization, selected the Zinc8 system out of more than 60 contenders for a commercial or industrial demonstration facility. Two months later Digital Energy Corp chose Zinc8 to install a 100 kW/1.5 MWh storage system at a combined heat and power (CHP) plant in Brooklyn. Buoyed by New York interest, Zinc8 has since created a U.S. subsidiary.

Read an op-ed by Zinc8 president/CEO Ron MacDonald.

 

The Zoom with Zimtu event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time. Click here and learn how to attend.

 

Core Assets announces major land expansion in B.C.’s Golden Triangle

September 2nd, 2020

by Greg Klein | September 2, 2020

Once 10 kilometres apart, two properties now make up contiguous holdings for a company determined to become an extensive explorer in this busy northwestern British Columbia region. Newly listed Core Assets Corp CSE:CC has consolidated its Blue and Silver Lime projects with a nine-fold expansion that increases the company’s holdings from 1,658 to 14,815 hectares.

Core Assets announces major land expansion in B.C.’s Golden Triangle

A 2018 field program, along with advanced understanding
of porphyry, skarn and carbonate replacement-type deposits,
heightened interest in this under-explored property.

That covers the entire 15-kilometre glacially retreated portion of the Llewelyn fault zone between Llewelyn Glacier and Atlin Lake. The regional thrust fault is believed to be the main transport corridor for high-grade metals seen at surface on the property, Core stated.

An historic, non-43-101 drill hole at Blue hit 0.27% copper over 173.2 metres starting at surface. Other intercepts showed 1.6% over six metres and 1.4% over 7.8 metres. Grab samples collected in 2018 reached up to 1.57 g/t gold, 46.5 g/t silver and 8.46% copper.

Yet-to-be-drilled Silver Lime exhibits massive sulphides at surface. An historic, non-43-101 channel sample graded 3.3 g/t gold, 2,641 g/t silver, 0.15% copper, 2.5% lead, 3.32% zinc and 2.56% antimony over 2.2 metres. The 2018 grab sampling program brought assays up to 1.16 g/t gold, 913 g/t silver, 12.45% zinc and over 20% lead.

Core believes explorers have neglected the south Atlin Lake area and the Llewelyn fault. “The last 50 years have seen incremental advancements in the understanding of porphyry, skarn and carbonate replacement-type deposits both globally and in the Golden Triangle area, with new discoveries being made annually. The sum of this knowledge is now coming together in discrete and effective exploration models that the company believes could drive a major discovery.”

Core “hopes to become the premier explorer of the northernmost extent of the Golden Triangle saga,” said CEO Dave Hodge.“In addition to this, these newly acquired claims will help solidify potential deep-seated secondary and tertiary structures that are fed by the Llewelyn fault zone. This will allow for a more effective exploration program as we move to active exploration at the Blue and Silver Lime projects.”

With a team experienced in the Atlin district, Core’s next plans include a regional magnetic survey.

The new land costs the company $23,025 on signing. The vendor retains a 2% NSR, half of which Core may buy for $1 million.

Watch an interview with the Core Assets team.

Update: Gaia Metals expands Idaho gold project, awaits field program results prior to autumn drilling

September 2nd, 2020

Update: On September 2 Gaia Metals TSXV:GMC announced the expansion of its Freeman Creek property by 263 hectares, for a total of approximately 862 hectares. The newly staked claims cover potentially mineralized extensions to the Carmen Creek prospect and an area adjacent to the Gold Dyke prospect. Both of the new areas were identified during the recent field campaign.

 

by Greg Klein | August 31, 2020

A 14-day campaign of rock and soil sampling, along with a magnetic survey, has wrapped up on the newly acquired Freeman Creek gold project in Idaho. While waiting for data, Gaia Metals TSXV:GMC has permitting underway for anticipated fall drilling.

Gaia Metals awaits summer field program results prior to autumn gold drilling in Idaho

A malachite-magnetite-sulphide sample
from the property’s Carmen Creek prospect.

Focus of the work was the 599-hecatre property’s Gold Dyke and Carmen Creek prospects, about three kilometres apart. Historic, non-43-101 results from Gold Dyke include a 1980s drill intercept of 1.5 g/t gold and 12.1 g/t silver over 44.2 metres. Among historic, non-43-101 Carmen Creek results was an outcrop sample grading 14.15 g/t gold, 63 g/t silver and 1.2% copper.

The summer program saw 222 rock samples collected throughout the property, a magnetic survey over both prospects and a 162-sample soil grid on Gold Dyke. Prospecting at Carmen Creek outlined a mineralized zone of one to two metres and veining extending five to 10 metres into the wall rock, Gaia stated. Preliminary interpretation of Carmen Creek geophysical data shows a magnetic high coinciding with the mineralization and likely reflecting the magnetite content, the company added.

The crew also verified locations of historic drill collars, adits and open pits.

“Our Phase I surface program at Freeman Creek appears to have been a resounding success, with sample mineralogy indicating we have found what we are looking for,” said president/CEO Adrian Lamoureux. “We are eagerly anticipating assay results as we advance with the Phase II drill program planned for this fall.”

Apart from the Freeman Creek flagship, Gaia’s assets include the Corvette-FCI project in Quebec’s James Bay region, location of impressive copper-gold-silver and lithium-tantalum assays. Further potential for drilling has been identified through a new interpretation of geophysical resultsGaia holds 100% of the property’s Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West claims.

Gaia’s portfolio also includes the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% stake in the Northwest Territories’ Hidden Lake lithium property.

Last week the company closed a private placement of $360,000 that followed a July placement of $603,000.

Taranis Resources CEO John Gardiner comments on resolution of a regulatory dispute

August 31st, 2020

…Read more

Gaia Metals awaits summer field program results prior to autumn gold drilling in Idaho

August 31st, 2020

This story has been updated and moved here.

Geoscience BC uses bacterial DNA to help guide mineral exploration

August 27th, 2020

by Greg Klein | August 27, 2020

Imagine that—tens of thousands of bacterial species teeming in every little gram of soil. It might take even greater imagination to see opportunity therein. But ever-innovative Geoscience BC has found ways to analyze the bacteria’s DNA for clues about possible underlying deposits.

That’s the topic of the non-profit society’s newly released report, Microbial-Community Fingerprints as Indicators for Buried Mineralization in British Columbia. The findings can point to deposits covered by glacial overburden, a particular challenge for exploration in much of the province.

“Soil microbes are very sensitive and responsive to chemical and physical changes in their environment,” noted Sean Crowe, a project co-leader and University of British Columbia professor. “Comparing the quantity and species of bacteria found in soil samples collected over ore deposits with soils from other areas can help to zero in on buried mineral deposits.”

Researchers came from three UBC departments: Earth, Ocean, and Atmospheric Sciences; Microbiology and Immunology; and the Mineral Deposit Research Unit. They collected samples surrounding two copper porphyry deposits in south-central B.C.: Consolidated Woodjam Copper’s (TSXV:WCC) Deerhorn copper-gold deposit near Williams Lake and Teck Resources’ (TSX:TECK.A/TSX:TECK.B) Highmont South copper-molybdenite deposit near Kamloops.

“By combining the results of high-throughput DNA sequencing with geomicrobiological knowledge, the researchers identified groups of indicator bacterial species that help distinguish soils above mineralization from background soils,” Geoscience BC stated.

“We found that sequence-based anomaly detection is both sensitive and robust, and could go a long way towards helping discover new mineral resources,” said microbiologist and lead report author Rachel Simister.

Geoscience BC VP of minerals Christa Pellett added, “This project is a good example of Geoscience BC supporting the application of innovative technologies for mineral exploration, and confirms the potential for using genomic sequencing as a tool to identify mineral deposits beneath glacial sediments.”

Work on the project continued despite the passing of co-leader Peter Winterburn, whom Geoscience BC acknowledged for his “valuable and lasting legacy.”

The non-profit society uses a number of leading-edge approaches to study B.C.’s mineral, energy and water resources. Information published in the public domain helps industry, government and communities make resource-based decisions. Last month Geoscience BC asked explorers in the Golden Triangle region to contribute geophysical findings for a public dataset.

Read more about the genome sequencing project.

Read about the collaboration between Geoscience BC and the B.C. Geological Survey.