Monday 5th December 2016

Resource Clips


Posts tagged ‘Critical Elements Corp (CRE)’

Cardiff Energy expands its James Bay lithium property

July 11th, 2016

by Greg Klein | July 11, 2016

Cardiff Energy TSXV:CRS reaffirmed its new focus on lithium by nearly doubling its Eastmain River property in Quebec’s James Bay region. The 1,109-hectare acquisition covers a 1.8-kilometre-long outcrop of white pegmatite that has yet to be mapped in detail or explored for lithium, the company announced July 11. It lies “at the periphery of the Kapiwak Pluton and adjacent to the Lower Eastmain Greenstone Belt, a geological setting which is reported to offer great potential for rare metal-bearing pegmatites.”

Cardiff Energy expands its James Bay lithium property

Cardiff stated that ASX-listed Galaxy Resources’ James Bay deposit and the Cyr-2 lithium showing “form an approximately four-kilometre-long corridor of spodumene-bearing pegmatite that is roughly parallel to the trend of the regional bedrock geology. The pegmatite outcrop of the eastern claim block is located approximately 4.5 kilometres southeast of the Cyr-2 lithium showing in a direction that is roughly on strike to the regional bedrock geology.”

The region’s more advanced projects include Critical Elements’ (TSX:CRE) Rose lithium-tantalum deposit and Nemaska Lithium’s (TSXV:NMX) Whabouchi project.

Cardiff’s property lies 2.5 kilometres from a highway, with accommodations and other amenities eight kilometres southwest and an airport 30 kilometres away. The company is currently planning a work program.

Read interviews with Chris Berry and Jon Hykawy discussing energy metals.

Blue Note, Critical Elements report Quebec Results of 5.28 g/t Gold over 5.3m

November 4th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningBlue Note Mining Inc TSXV:BNT in joint venture with Critical Elements Corp TSXV:CRE announced assays from their Croinor Project near Val-d’Or, Quebec. Highlights include

5.28 g/t gold over 5.3 metres
(including 9.28 g/t over 2.2 metres)
2.19 g/t over 5 metres
(including 6.39 g/t over 1 metre)
4.28 g/t over 1.9 metres
4.27 g/t over 1.4 metres
(including 9.06 g/t over 0.5 metres)

Blue Note holds 100% of the exploration claims while both companies hold the mining lease and nine surrounding claims in a 50/50 joint venture. Blue Note may acquire a 100% interest through a cash and equity transaction.

View Company Profile

Contact:
Blue Note Mining Inc
Jean Mayer
Executive VP
800.937.3095 x 236

Critical Elements Corp
Jean-Sebastien Lavallee
President/CEO
819.354.5146

by Greg Klein

Blue Note Exec VP Jean Mayer on Quebec gold assays of 13.12 g/t over 6m

October 21st, 2011

Resource Clips - essential news on junior gold mining and junior silver miningBlue Note Mining Inc TSXV:BNT in joint venture with Critical Elements Corp TSXV:CRE announced assays from their Croinor Project near Val-d’Or, Quebec. Results include

13.12 g/t gold over 6 metres
(including 17.63 g/t over 4.3 metres)
15.11 g/t over 4.1 metres
(including 27.61 g/t over 1 metre)
10.92 g/t over 3.7 metres
(including 19.24 g/t over 1.3 metres)
15.08 g/t over 0.8 metres

The two companies each hold a 50% interest in Croinor. The project has a 2009 measured and indicated resource of 814,228 tonnes grading 9.11 g/t for 238,414 ounces gold at a 5 g/t cut-off.

Blue Note Executive Vice-President Jean Mayer tells ResourceClips.com, “We’re very pleased with these high-grade results and they are in line with our previous releases. Our campaign follows massive and intensive historic drilling by previous companies.

“We’ve been drilling for three years. We released a prefeasibility study in July 2010 which was based on a resource calculation done in 2009. Obviously, the drilling that we’ve done in the last two years wasn’t included. Now we’re in the process of preparing a new prefeasibility study that will include all that drilling. We hope to increase the resource and the reserve. Also, with higher gold prices, we expect the already robust economics of last year’s prefeasibility study will improve even more. We expect to have the updated prefeas out by the end of the year for sure, maybe quite a bit earlier.

Now’s the time to invest. We’re very much undervalued—we’re trading at six cents, which is not even a $10-million market cap—Jean Mayer

“We’re in a 50-50 joint venture with Critical Elements, which was formerly First Gold Exploration. It’s our intention to acquire 100% of the project and we hope to do so before the end of the year.” he says.

“Croinor is about 50 kilometres east of Val-d’Or, so obviously there’s great infrastructure. There’s a main road that leads directly to the mine; there’s available capacity at various mills in the area. About three or four of them have more than 50% capacity. We’re already in discussion with some of them to get quotes and at some point get a milling contract signed so we can include those costs in the prefeasibility study. Our operation would be custom milling, so it’s a pretty simple operation. As far as mining goes, nothing’s simple, but it’s a comparatively simple custom-milling operation. We would extract the ore and just ship it by truck to a nearby mill which we will be choosing in the next few weeks.”

Mayer emphasizes, “Blue Note intends to put Croinor into production ourselves.

“Now’s the time to invest,” he declares. “We’re very much undervalued—we’re trading at six cents, which is not even a $10-million market cap. We have no debt. In the 2010 prefeasibility study, which itself was based on a 2009 resource estimate and previous gold prices, the NPV was $67 million for an IRR of 124%. Now we’re updating that, and we think that these already very robust economics will improve even more with the report. We own seven million shares of Amex Exploration, which we got when we sold them some Mexican gold properties. We feel Amex has very good potential to start a large open-pit mine there. We wanted those properties to advance right away, so we sold them to a highly capable team while we focused on Croinor. Amex has already started to publish some exploration results, and they are very encouraging.”

Mayer concludes, “So at six cents we have the Amex holdings and the Croinor Property with prefeas coming out. And gold prices are where they are. So if there’s a time to invest in Blue Note, it’s now.”

View Company Profile

Contact:
Blue Note Mining Inc
Jean Mayer
Executive Vice President
800.937.3095 x236

Critical Elements Corp
Jean-Sebastien Lavallee
President/CEO
819.354.5146

by Greg Klein

Blue Note, Critical Elements report Quebec Gold Results of 13.12 g/t over 6m

October 20th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningBlue Note Mining Inc TSXV:BNT in joint venture with Critical Elements Corp TSXV:CRE announced assays from their Croinor Project near Val-d’Or, Quebec. Results include

13.12 g/t gold over 6 metres
(including 17.63 g/t over 4.3 metres)
15.11 g/t over 4.1 metres
(including 27.61 g/t over 1 metre)
10.92 g/t over 3.7 metres
(including 19.24 g/t over 1.3 metres)
15.08 g/t over 0.8 metres

The two companies each hold a 50% interest in Croinor. The project has a 2009 measured and indicated resource of 814,228 tonnes grading 9.11 g/t for 238,414 ounces gold at a 5 g/t cut-off.

Blue Note Executive Vice-President Jean Mayer tells ResourceClips.com, “We’re very pleased with these high-grade results and they are in line with our previous releases. Our campaign follows massive and intensive historic drilling by previous companies.

“We’ve been drilling for three years. We released a prefeasibility study in July 2010 which was based on a resource calculation done in 2009. Obviously, the drilling that we’ve done in the last two years wasn’t included. Now we’re in the process of preparing a new prefeasibility study that will include all that drilling. We hope to increase the resource and the reserve. Also, with higher gold prices, we expect the already robust economics of last year’s prefeasibility study will improve even more. We expect to have the updated prefeas out by the end of the year for sure, maybe quite a bit earlier.

Now’s the time to invest. We’re very much undervalued—we’re trading at six cents, which is not even a $10-million market cap—Jean Mayer

“We’re in a 50-50 joint venture with Critical Elements, which was formerly First Gold Exploration. It’s our intention to acquire 100% of the project and we hope to do so before the end of the year.” he says.

“Croinor is about 50 kilometres east of Val-d’Or, so obviously there’s great infrastructure. There’s a main road that leads directly to the mine; there’s available capacity at various mills in the area. About three or four of them have more than 50% capacity. We’re already in discussion with some of them to get quotes and at some point get a milling contract signed so we can include those costs in the prefeasibility study. Our operation would be custom milling, so it’s a pretty simple operation. As far as mining goes, nothing’s simple, but it’s a comparatively simple custom-milling operation. We would extract the ore and just ship it by truck to a nearby mill which we will be choosing in the next few weeks.”

Mayer emphasizes, “Blue Note intends to put Croinor into production ourselves.

“Now’s the time to invest,” he declares. “We’re very much undervalued—we’re trading at six cents, which is not even a $10-million market cap. We have no debt. In the 2010 prefeasibility study, which itself was based on a 2009 resource estimate and previous gold prices, the NPV was $67 million for an IRR of 124%. Now we’re updating that, and we think that these already very robust economics will improve even more with the report. We own seven million shares of Amex Exploration, which we got when we sold them some Mexican gold properties. We feel Amex has very good potential to start a large open-pit mine there. We wanted those properties to advance right away, so we sold them to a highly capable team while we focused on Croinor. Amex has already started to publish some exploration results, and they are very encouraging.”

Mayer concludes, “So at six cents we have the Amex holdings and the Croinor Property with prefeas coming out. And gold prices are where they are. So if there’s a time to invest in Blue Note, it’s now.”

View Company Profile

Contact:
Blue Note Mining Inc
Jean Mayer
Executive Vice President
800.937.3095 x236

Critical Elements Corp
Jean-Sebastien Lavallee
President/CEO
819.354.5146

by Greg Klein