Tuesday 11th December 2018

Resource Clips


Posts tagged ‘Equitas Resources Corp. (EQT)’

July 14th, 2016

Cobalt supply tightens as battery demand looms Benchmark Mineral Intelligence
A Brexit in name only? GoldSeek
Markets are telling us what the elites won’t: Life goes on after Brexit Equities.com
New stock market highs correlate to $57 trillion in printed global currency units Streetwise Reports
Citigroup backs commodities for 2017 in “especially bullish” call NAI 500
Canada welcomes move towards ratification of EU trade deal Industrial Minerals
Gold junior climbs on assays SmallCapPower
A classic case of failed socialism: What’s next after Brexit? Stockhouse
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

July 13th, 2016

New stock market highs correlate to $57 trillion in printed global currency units Streetwise Reports
Markets are telling us what the elites won’t: Life goes on after Brexit Equities.com
Gold is just getting warmed up: UBS analyst GoldSeek
Citigroup backs commodities for 2017 in “especially bullish” call NAI 500
Gold junior climbs on assays SmallCapPower
Food for thought: Global salt supply Industrial Minerals
June rainfall eases processing problems in China graphite hub Benchmark Mineral Intelligence
A classic case of failed socialism: What’s next after Brexit? Stockhouse
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

July 12th, 2016

Citigroup backs commodities for 2017 in “especially bullish” call NAI 500
S&P 500 and the Dow hit new highs, so why are the media focused on doom and gloom? Equities.com
SWOT analysis: Silver outshines gold GoldSeek
Gold heading toward $1,400? Streetwise Reports
Gold junior climbs on assays SmallCapPower
Food for thought: Global salt supply Industrial Minerals
June rainfall eases processing problems in China graphite hub Benchmark Mineral Intelligence
A classic case of failed socialism: What’s next after Brexit? Stockhouse
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

July 8th, 2016

Fix Crowdfunding Act passes U.S. house, likely to pass senate Equities.com
China resumes monthly gold buying to diversify reserves NAI 500
EU banking system leveraged 26 to 1. Lehman was 30 to 1 GoldSeek
Gold heading toward $1,400? Streetwise Reports
Gold junior climbs on assays SmallCapPower
Food for thought: Global salt supply Industrial Minerals
June rainfall eases processing problems in China graphite hub Benchmark Mineral Intelligence
A classic case of failed socialism: What’s next after Brexit? Stockhouse
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

July 7th, 2016

EU banking system leveraged 26 to 1. Lehman was 30 to 1 GoldSeek
Gold heading toward $1,400? Streetwise Reports
Gold junior climbs on drill results SmallCapPower
Food for thought: Global salt supply Industrial Minerals
June rainfall eases processing problems in China graphite hub Benchmark Mineral Intelligence
A classic case of failed socialism: What’s next after Brexit? Stockhouse
How long Brexit uncertainty reigns is key for commodities, gold NAI 500
Free-market capitalists and libertarians are feeling very good today Equities.com
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

July 6th, 2016

Four winners to emerge from Brexit GoldSeek
Gold junior climbs on drill results SmallCapPower
Food for thought: Global salt supply Industrial Minerals
June rainfall eases processing problems in China graphite hub Benchmark Mineral Intelligence
A classic case of failed socialism: What’s next after Brexit? Stockhouse
How long Brexit uncertainty reigns is key for commodities, gold NAI 500
Free-market capitalists and libertarians are feeling very good today Equities.com
Three bullish views on NexGen Energy Streetwise Reports
Limestone: Commodity overview Geology for Investors
Lithium in Las Vegas: A closer look at the lithium bull The Disruptive Discoveries Journal

Equitas Resources assays 24.26 g/t and 18.86 g/t gold, each over two metres

July 6th, 2016

by Greg Klein | July 6, 2016

With intervals showing high-grade, near-surface gold, Equitas Resources TSXV:EQT released trenching results from its Cajueiro project in central Brazil on July 6. Highlights included two metres of 24.26 grams per tonne and another two metres of 18.86 g/t, as well as a 12-metre intercept of 1.4 g/t.

Results come from the project’s Baldo zone, an alluvial operation since June 2015 that produces about a kilogram of gold a month. Having acquired the project in April as part of a 184,410-hectare land package, Equitas hopes to increase production incrementally by improving recovery, now only about 30% to 35%, and expanding the resource.

Equitas Resources assays 24.26 g/t and 18.86 g/t gold, each over two metres

With drill assays still to come, trenching results encouraged
Equitas Resources to follow up on the Baldo zone’s high-grade intervals.

This campaign consisted of nine trenches totalling 1,680 metres and 31 diamond drill holes totalling 1,585 metres. Some 733 assays have been received so far out of a total of 757 trench samples. Still to come are the drill core assays.

Results change the interpretation of prospective altered and mineralized structures, Equitas stated. The high-grade intercepts “appear to represent a corresponding increase in structural complexity that adds an exciting new element to the Baldo environment,” said VP of exploration Everett Makela. “I would also emphasize that a majority of the assay results have yet to be received, so there is considerable new information still to come from this exploration program.”

Trenching focused on Baldo’s near-surface saprolite, described as “the oxidized equivalent of hydrothermally altered bedrock structures hosting gold mineralization with associated pyrite and quartz veining.” Eight standout results show:

Trench TCBL-0001

  • 1.16 g/t gold over 2 metres, starting at 47 metres
  • 1.4 g/t over 12 metres, starting at 60 metres

TCBL-0003

  • 1.26 g/t over 5 metres, starting at 23 metres
  • 2.12 g/t over 4 metres, starting at 167 metres
  • 24.26 g/t over 2 metres, starting at 197 metres

TCBL-0004

  • 5.54 g/t over 2 metres, starting at 146 metres
  • 18.86 g/t over 2 metres, starting at 173 metres

TCBL-0006

  • 1.57 g/t over 7 metres, starting at 31 metres

Equitas now has further diamond drilling, auger drilling and trench sampling targeting the high-grade areas and anticipates an updated structural interpretation prior to a campaign of resource definition. The company has also sent a 100-kilogram composite sample of saprolite for bench-scale metallurgical tests. Meanwhile, previous mapping and sampling have revealed three additional targets similar to the current focus area.

Last month Equitas announced private equity financing of up to US$6 million, through $5 million in revolving loans and a $1-million private placement. The company closed a $1.5-million private placement in April.

Equitas appointed a new advisory board in early May.

Read more about Equitas Resources.

Exploring opportunity

June 17th, 2016

A capacity crowd attends the first annual Vancouver Commodity Forum

by Greg Klein
Next Page 1 | 2

A capacity crowd attends the first annual Vancouver Commodity Forum

 

“There’s excitement in the air,” said Cambridge House International founder Joe Martin. That’s the mood he senses as junior explorers emerge from the downturn. And certainly optimism was evident on June 14 as more than 450 people converged on the Vancouver Commodity Forum for an afternoon of expert talks amid a showcase of two dozen companies. Keynote speakers included Martin, Chris Berry of the Disruptive Discoveries Journal, Jon Hykawy of Stormcrow Capital, John Kaiser of Kaiser Research Online and Stephan Bogner of Rockstone Research.

A capacity crowd attends the first annual Vancouver Commodity Forum

Lithium, not surprisingly, stood out as a commodity of interest. While cautioning against over-enthusiasm for the exploration rush, Berry and Hykawy each affirmed the need for juniors to find new sources of the metal. Cobalt and scandium featured prominently too, as did other commodities including what Kaiser called “the weird metals”—lesser known stuff that’s vital to our lives but threatened with security of supply.

Kaiser also noted he was addressing a crowd larger than his last PDAC audience, another indication that “we’ve turned the corner.”

Attendees also met and mingled with company reps. Potential investors learned about a wide gamut of projects aspiring to meet a growing demand for necessities, conveniences and luxuries.

Presented by Zimtu Capital TSXV:ZC, the forum’s success will make it an annual event, said company president Dave Hodge. Berry emceed the conference, holding the unenviable task of “making sure Dave stays well-behaved.”

Read interviews with keynote speakers:

Meet the companies

Most companies were core holdings of Zimtu, a prospect generator that connects explorers with properties and also shares management, technical and financing expertise. Zimtu offers investors participation in a range of commodities and companies, including some at the pre-IPO stage.

After sampling high-grade lithium on its Hidden Lake project in the Northwest Territories earlier this month, 92 Resources TSXV:NTY plans to return in mid-July for a program of mapping, exposing spodumene-bearing pegmatite dykes, and channel sampling. The company closed the final tranche of a private placement totalling $318,836 in April. Hidden Lake’s located near Highway 4, about 40 kilometres from Yellowknife and within the Yellowknife Pegmatite Belt.

With one of the Athabasca Basin’s largest and most prospective exploration portfolios, ALX Uranium TSXV:AL has a number of projects competing for flagship status. Among them is Hook-Carter, which covers extensions of three known conductive trends, one of them hosting the sensational discoveries of Fission Uranium TSX:FCU and NexGen Energy TSXV:NXE. ALX’s strategic partnership with Holystone Energy allows that company to invest up to $750,000 in ALX and retain the right to maintain its ownership level for three years. ALX closed a private placement first tranche of $255,000 last month, amid this year’s busy news flow from a number of the company’s active projects.

A capacity crowd attends the first annual Vancouver Commodity Forum

Arctic Star Exploration TSXV:ADD boasts one of northern Canada’s largest 100%-held diamond exploration portfolios. Among the properties are the drill-ready Stein project in Nunavut and others in the Lac de Gras region that’s the world’s third-largest diamond producer by value. North Arrow Minerals TSXV:NAR holds an option to earn up to 55% of Arctic Star’s Redemption property.

Aurvista Gold TSXV:AVA considers its Douay property one of Quebec’s largest and last undeveloped gold projects. The Abitibi property has resources totalling 238,400 ounces of gold indicated and 2.75 million ounces inferred. Now, with $1.1 million raised last month, the company hopes to increase those numbers through a summer program including 4,000 metres of drilling. Douay’s 2014 PEA used a 5% discount rate to forecast a post-tax NPV of $16.6 million and a post-tax IRR of 40%.

Looking for lithium in Nevada, Belmont Resources TSXV:BEA now has a geophysics crew en route to its Kibby Basin property, which the company believes could potentially host lithium-bearing brines in a similar geological setting to the Clayton Valley, about 65 kilometres south. Results from the gravity survey will help identify targets for direct push drilling and sampling.

A mineral perhaps overlooked in the effort to supply green technologies, zeolite has several environmental applications. Canadian Zeolite TSXV:CNZ holds two projects in southern British Columbia, Sun Group and Bromley Creek, the latter an active quarrying operation.

With a high-grade, near-surface rare earths deposit hosted in minerals that have proven processing, Commerce Resources TSXV:CCE takes its Ashram project in Quebec towards pre-feasibility. The relatively straightforward mineralogy contributes to steady progress in metallurgical studies. Commerce also holds southeastern B.C.’s Blue River tantalum-niobium deposit, which reached PEA in 2011 and a resource update in 2013.

Permitted for construction following a 2014 PEA, Copper North Mining’s (TSXV:COL) Carmacks copper-gold-silver project now undergoes revised PEA studies. The agenda calls for improved economics by creating a new leach and development plan for the south-central Yukon property. In central B.C. the company holds the Thor exploration property, 20 kilometres south of the historic Kemess mine.

Next Page 1 | 2

Private equity puts up US$6 million for Equitas Resources’ Brazilian gold portfolio

June 7th, 2016

by Greg Klein | June 7, 2016

A large Brazilian land package hosting a small-scale gold producer with expansion potential benefits from a US$6-million allocation. Under a deal announced June 7, Cartesian Royalty Holdings, an affiliate of the private equity firm Cartesian Capital Group, will provide Equitas Resources TSXV:EQT with a $5-million revolving gold prepayment loan and a $1-million private placement. All figures are in American currency.

Private equity puts up US$6 million for Equitas Resources’ Brazilian gold portfolio

Cartesian conducts due diligence at Equitas’ Cajueiro gold project.

Equitas has alluvial extraction underway at its newly acquired Cajueiro gold project, producing about a kilogram of gold per month. The company hopes to increase that number by improving recovery and expanding the resource. Equitas now has two rigs conducting a 20-hole, 1,600-metre drill campaign on the central Brazil property.

Subject to approvals, the financing would allow Equitas to draw down instalments on meeting development targets, with up to three years to repay. Repayments made within a year could be re-drawn, giving the company a revolving borrowing capacity of $5 million.

Every $1 million drawdown would require repayment of 2,100 gold ounces within a year, or 2,300 ounces between one and three years.

Cartesian would get a 0.5% NSR on production from existing Equitas assets at financial close, and on any new assets acquired or developed with the funding. Equitas may buy back the NSR for $4 million. Cartesian would also have board representation.

Equitas president/CEO Chris Harris said the money should secure the company’s “near- and medium-term growth plans … and help us towards our goal to become a profitable, cash-flow generating, self-sustaining mid-tier gold producer in Brazil, with a potentially significant development portfolio.”

With offices in New York, Sao Paulo, Shanghai, Warsaw and Bermuda, Cartesian manages over $2.4 billion in capital.

Read more about Equitas Resources.

Drilling begins as Equitas Resources works to expand its Brazilian gold producer

May 26th, 2016

by Greg Klein | May 26, 2016

With two rigs busy on a 20-hole program, Equitas Resources TSXV:EQT has 2016 Phase I well underway at its newly acquired Cajueiro gold operation in central Brazil. Under focus is the 39,053-hectare property’s Baldo zone and its high-grade oxidized saprolite, which the company believes offers potential for low-cost mining. Baldo currently hosts small-scale alluvial gold production which Equitas hopes to eventually expand into an open pit mine.

Drilling begins as Equitas Resources works to expand its Brazilian gold producer

The 20 holes will total about 1,600 metres. Along with 700 metres of trenching that began earlier this month, the campaign will target a mineralized corridor 650 metres in strike. Work should take about one month.

A March 43-101 technical report recalculated data from Cajueiro’s 2013 resource estimate, providing new numbers for four zones of sulphides and oxides. The project’s sulphides now total 214,100 gold ounces indicated and 203,500 ounces inferred. Oxides total 78,400 ounces inferred.

Baldo’s oxides show an inferred 309,000 tonnes averaging 3.029 grams per tonne for 30,100 gold ounces. The tonnage might be modest, but past results suggest this is the area with the strongest near-term potential for resource expansion.

Mini-bulk sampling of oxidized saprolite from the target area in 2014 and 2015 brought grades as high as 5.77 g/t and 87.2 g/t gold. The sole previous hole on this structure found 1.48 g/t over 29.85 metres in the sulphide bedrock. “In general the oxidized saprolite component of the mineralization contains significant enrichment in gold grades compared to the bedrock sulphide domain,” Equitas stated.

Thirty-four saprolite grab samples taken from across the Baldo zone in 2012 assayed between 0.01 g/t to 118.47 g/t gold, and averaged 14.67 g/t. Twenty of those samples graded above 0.5 g/t. “Additionally, a 100-kilogram sample of saprolite taken from the southern Baldo target area for metallurgical testing yielded a head grade of 8.9 g/t gold,” the company added.

Equitas closed its acquisition of Alta Floresta Gold and its 184,410-hectare Brazilian portfolio just last month. The company plans to fund incremental expansion of the Cajueiro flagship through the project’s revenue. Alluvial production at Baldo has been underway since June, now producing around a kilogram of gold a month at about 30% to 35% recovery. The company sees considerable potential for improvement by installing a gravity plant, then carbon-in-leach processing that might raise recovery to about 85%. In the longer term, Equitas hopes to run a full open pit operation.

Cajueiro connects by road to the city of Alta Floresta, 95 kilometres north. A hydro-electric dam now under construction should provide energy for the project area within two years.

The company announced a new advisory board earlier this month. Last month Equitas closed the final tranche of a $1.5-million private placement with strong insider participation.

Read more about Equitas Resources.