Sunday 22nd September 2019

Resource Clips


Posts tagged ‘frac sand’

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

September 10th, 2019

by Greg Klein | September 10, 2019

Sample assays from two new discoveries have this company “ecstatic” about its James Bay-region Corvette-FCI project. Coming at the end of last summer’s 23-day field program, the findings have 92 Resources TSXV:NTY obviously enthusiastic about the property’s New Lorraine and Elsass prospects.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

The highlight of 92’s summer campaign, this New Lorraine
sample graded 8.15% copper, 1.33 g/t gold and 171 g/t silver.

Some highlights from a New Lorraine outcrop include:

  • 8.15% copper, 1.33 g/t gold and 171 g/t silver

  • 1.55% copper, 0.14 g/t gold and 20.9 g/t silver

  • 0.23% copper, 3.55 g/t gold and 37.7 g/t silver

Located about 2.3 kilometres east along trend, Elsass hosts three outcrops over an approximately 350-metre strike that’s about 60 metres wide. Some Elsass samples feature:

  • 3.63% copper, 0.64 g/t gold and 52.3 g/t silver

  • 2.68% copper, 0.2 g/t gold and 43.9 g/t silver

  • 1.86% copper, 1.12 g/t gold and 32.6 g/t silver

Both prospects form part of the larger Maven trend, formerly called the Southern trend, and sit on the property’s FCI West claim block. With similar rock types and mineralization, the company considers the area between the two prospects highly prospective.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

A sample of chalcopyrite mineralization
characterizing Elsass outcrops.

Proclaiming himself “ecstatic” with the results, president/CEO Adrian Lamoureux said, “With over eight kilometres of under-explored prospective trend and no drilling completed to date, we have literally only scratched the surface of this trend’s potential.”

The four-person crew from Dahrouge Geological Consulting collected 680 rock samples, as well as 211 soil samples up-ice from the Lac Bruno prospect. About three-quarters of the program explored the project’s FCI-East and FCI-West blocks, under a 75% option from Osisko Mining TSX:OSK. The remainder of the work targeted 92’s 100%-held Corvette claims. 

The project sits within the Lac Guyer Greenstone Belt, part of the La Grande Greenstone Belt, about six to 18 kilometres south of the Trans-Taiga Road and adjacent powerline.

The Maven trend hosting New Lorraine and Elsass also includes new discoveries at the Black Forrest and Hund showings. A Black Forrest sample graded 1.13% copper, 0.05 g/t gold and 19.5 g/t silver. Hund featured 3.28% copper, 0.78 g/t gold and 30.1 g/t silver.

Historic work on Maven’s Lac Smokycat-SO, Golden Gap and Tyrone T-9 showings have also brought high grades, although in non-43-101 reports. Together, the prospects suggest a potential copper-gold-silver trend stretching more than eight kilometres, 92 stated.

Still to come are regional assays, along with lithium-tantalum results. Channel samples released last year from Corvette’s CV1 pegmatite graded up to 2.28% Li2O and 471 ppm Ta2O5 over six metres.

Other 92 properties in Quebec include Eastman, Lac du Beryl and Pontax. Grab samples from Pontax featured up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Golden frac sand project adjacent to Northern Silica’s Moberly silica mine, as well as the Silver Sands vanadium prospect. In the Northwest Territories the company has a 40% stake in the Hidden Lake lithium project, where all 10 holes of last year’s 1,079-metre drill program hit grades above 1% Li2O.

92 Resources finds new potential for gold, copper, lithium in northern Quebec

August 8th, 2019

by Greg Klein | August 8, 2019

With the conclusion of a productive summer field program, additional areas of interest open up at the James Bay-region Corvette-FCI property. A four-person, 23-day campaign discovered a new copper prospect, further explored a gold prospect and found several spodumene-bearing pegmatites, among other showings. Encouraging visual evidence has 92 Resources TSXV:NTY looking forward to assays.

About three-quarters of the program focused on the project’s FCI-East and FCI-West blocks, optioned under a 75% earn-in from Osisko Mining TSX:OSK. The rest targeted 92’s 100%-held Corvette claims. 

92 Resources finds new potential for gold, copper, lithium in northern Quebec

Chalcopyrite mineralization at the Elsass copper
prospect opens a new area of interest for 92 Resources.

Discovered late in the season, the Elsass copper prospect features chalcopyrite mineralization at surface over widths estimated from 40 to 60 metres along a strike of at least a kilometre. Pending lab results for surface samples, the crew could return this fall for further exploration.

The company also awaits assays from the property’s Lac Bruno gold prospect. Finding similar mineralogy up-ice from a boulder field where historic, non-43-101 samples graded between 1 g/t and 38 g/t gold, the crew collected soil samples on the 100%-held Corvette claims.

Apart from precious and base metals, Corvette-FCI shows potential for energy minerals. The summer program found the project’s largest known pegmatite so far. An outcrop about 220 metres long and 20 to 40 metres wide was located about a kilometre southwest along strike of the property’s CV1 and CV2 pegmatites. Lithium-tantalum channel samples released last year from CV1 reached up to 2.28% Li2O and 471 ppm Ta2O5 over six metres. Still to come are this summer’s assays.

The campaign also targeted the Golden Gap prospect at FCI West, where historic results include outcrop samples between 3.1 g/t and 108.9 g/t gold, a drill intercept of 10.5 g/t over seven metres, and a channel sample of 14.5 g/t over two metres.

The summer program also focused on the southern copper trend and other historic mineral showings, 92 reported.

Corvette-FCI sits within the Lac Guyer Greenstone Belt, part of the La Grande Greenstone Belt, about six to 18 kilometres south of the Trans-Taiga Road and powerline.

The company’s Quebec portfolio also includes the Eastman, Lac du Beryl and Pontax properties. Grab samples from the latter graded up to 0.94% Li2O and 520 ppm Ta2O5.

92’s diverse projects extend to British Columbia and the Northwest Territories. In B.C. the company holds the Silver Sands vanadium prospect and, adjacent to Northern Silica’s high-grade Moberly silica mine, the Golden frac sand project. 92 also has a 40% stake in the NWT’s Hidden Lake lithium project, where Far Resources CSE:FAT holds the remainder. All 10 holes of last year’s 1,079-metre drill campaign found grades above 1% Li2O, with one intercept showing 1.6% over 9.2 metres. A mini pilot plant produced 40 kilograms of concentrate grading 6.11% Li2O, with recovery surpassing 80%, from Hidden Lake material.

92 Resources to explore polymetallic potential of Quebec’s James Bay region

June 19th, 2019

by Greg Klein | June 19, 2019

Lithium, gold, copper and molybdenum are among the goals of a program that begins next month at 92 Resources’ (TSXV:NTY) Corvette-FCI project. The property consists of 92’s 100%-held Corvette claims as well as the FCI-East and FCI-West turf, optioned under a 75% earn-in from Osisko Mining TSX:OSK. Work will be conducted by Dahrouge Geological Consulting.

92 Resources to explore polymetallic potential of Quebec’s James Bay region

Over a campaign of three to four weeks, 92 Resources hopes to
build on previous success with energy, precious and base metals.

The agenda calls for prospecting along with rock and soil sampling. Among the priorities will be the Golden Gap Prospect at FCI-West, where historic, non-43-101 outcrop samples have graded between 3.1 g/t and 108.9 g/t gold, along with an historic drill intercept of 10.5 g/t over seven metres and a channel sample of 14.5 g/t over two metres.

Past reports of molybdenum occurrences on the area’s southern copper trend will also come under scrutiny.

The Lac Bruno prospect provides another area of interest, where a boulder field produced 13 samples exceeding 1 g/t gold, with one sample hitting 38.1 g/t. Up-ice soil sampling will extend from FCI-East to the boulders’ interpreted source on 92’s wholly owned Corvette claims.

Energy metals also attract interest, as the company’s previous work identified a well-mineralized lithium pegmatite system over a strike extending at least three kilometres on Corvette, with further potential on FCI-East. Lithium-tantalum channel samples released last year from Corvette’s CV1 pegmatite averaged 1.35% Li2O and 109 ppm Ta2O5, reaching as high as 2.28% Li2O and 471 ppm Ta2O5 over six metres. Three other spodumene-bearing pegmatites also show promise.

Located within the Guyer group of the Greater La Grande Greenstone Belt, the property sits about 10 kilometres south of the all-season Trans-Taiga Road and powerline, adjacently south of Midland Exploration’s (TSXV:MD) Mythril copper-gold-molybdenum-silver project and immediately east of Pikwa, a polymetallic project of Azimut Exploration TSXV:AZM and Ressources Québec’s SOQUEM subsidiary.

92’s Quebec portfolio also includes the Pontax, Eastman and Lac du Beryl properties. Grab samples from Pontax have reached up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Silver Sands vanadium prospect and the Golden frac sand project, the latter adjacent to Northern Silica’s high-grade Moberly silica mine and subject of a 43-101 technical report filed by 92 last year.

In the Northwest Territories, the company has a 40% stake in the Hidden Lake lithium project, with Far Resources CSE:FAT holding the remainder. In a 1,079-metre drill program last year, all 10 holes found grades above 1% Li2O, with one intercept showing 1.6% over 9.2 metres. Using Hidden Lake material, a mini pilot plant produced 40 kilograms of concentrate grading 6.11% Li2O with recovery over 80%.

92 Resources increases its Quebec lithium-polymetallic potential with expanded acquisition

April 24th, 2019

by Greg Klein | April 24, 2019

An amended option with “no additional share, cash or work commitment” brings more land and greater prospects in northern Quebec’s James Bay region to 92 Resources TSXV:NTY. A 4,253-hectare increase to a previous 75% earn-in with Osisko Mining TSX:OSK now covers that company’s entire FCI property. Combined with 92’s adjacent and wholly owned Corvette project, the Corvette-FCI property now comprises three contiguous claim blocks in a 14,496-hectare parcel that stretches for over 25 kilometres along the Lac Guyer greenstone belt.

92 Resources increases its Quebec lithium-polymetallic potential with expanded acquisition

Past work at the newly acquired FCI West found 16 showings of base and precious metals along two parallel trends extending over 10 kilometres in length. Historic, non-43-101 assays from FCI West’s Golden Gap prospect included outcrop samples as high as 108.9 g/t gold, a 2003 drill interval of 10.5 g/t gold over seven metres and a channel sample of 14.5 g/t gold over two metres.

FCI West’s Tyrone-T9 prospect includes an historic, non-43-101 channel sample of 1.15% copper over 2.1 metres. Despite high-grade lithium showings at Corvette, FCI West has never been evaluated for the energy metal, the company stated.

Immediately south and west of 92’s new turf sits Azimut Exploration’s (TSXV:AZM) Pikwa property. Adjacently north of FCI West, Midland Exploration’s (TSXV:MD) 2018 field program on the Mythril project found outcrop and boulder samples grading 16.7% copper, 16.8 g/t gold and 3.04% molybdenum. 92 anticipates significant activity by multiple companies along the Lac Guyer greenstone belt this year “as the magnitude of the Mythril-style copper-gold mineralization unfolds.”

Regional infrastructure includes a powerline and the all-season Trans-Taiga Road 10 kilometres north of Corvette-FCI.

This year’s exploration program will follow evaluation of historic data, with work expected to wrap up in summer.

The amended option with Osisko would give 92 the additional claims by satisfying terms of the 75% earn-in on FCI East. That deal calls for an initial million shares, another million shares and $250,000 of work in year one, another $800,000 in year two and a further $1.2 million in year three, while Osisko acts as project operator. At that point the companies would form a 50/50 JV. Another $2 million in expenditures from 92 would raise the company’s stake to 75%. With FCI West now incorporated into that agreement, “no additional share, cash or work commitment is required by the company,” 92 emphasized.

The company retains a 100% interest in Corvette’s 172 claims.

92’s Quebec portfolio also includes the Pontax, Eastman and Lac du Beryl properties. Lithium-tantalum grab samples from Pontax have reached up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Silver Sands vanadium prospect and the Golden frac sand project. In the Northwest Territories, Far Resources CSE:FAT works towards a 90% earn-in on 92’s Hidden Lake lithium project.

92 closed a private placement of $618,000 last December.

Read more about 92 Resources here and here.

92 Resources plans 2019 advancement of Canadian energy metals projects

January 22nd, 2019

by Greg Klein | January 22, 2019

With a portfolio that features lithium projects in Quebec along with vanadium and frac sand properties in British Columbia, 92 Resources TSXV:NTY now has its new year agenda in preparation. Taking precedence will be the FCI claims, a recent acquisition that enhances the company’s adjacent Corvette lithium project in Quebec’s James Bay region.

92 Resources plans 2019 advancement of Canadian energy metals projects

High-grade channel sampling has brought
Corvette’s CV1 pegmatite to the drill-ready stage.

Under a 75% earn-in, 92 has a year one spending commitment of $250,000 on FCI. The company has been reviewing historic data while working with operator Osisko Mining TSX:OSK to plan a surface program for the spring and summer. Following that will be a new field campaign at Corvette to precede the first-ever drill program on the two bordering properties.

Encouraging developments from Corvette last year include channel sampling on the CV1 pegmatite that revealed lithium grading as high as 2.28% Li2O over 6 metres and 1.54% over 8 metres, along with tantalum results. The team discovered two more spodumene-bearing pegmatites that suggest a potentially large mineralizing system along strike and at depth, 92 reported. A substantial staking expansion to Corvette along with the FCI earn-in covers about 15 kilometres of potential strike.

Looking at other possible sources of Quebec lithium, 92 also has field programs planned for the Pontax, Eastman and Lac du Beryl properties. Pontax grab samples have graded up to 0.94% Li2O and 520 ppm Ta2O5.

Additionally, the 2019 agenda calls for surface sampling on the Silver Sands vanadium prospect acquired in B.C. last November. The property features regionally mapped rock units that potentially host vanadium-bearing horizons.

Last year 92 filed a 43-101 technical report for its Golden frac sand project in southern B.C., adjacent to Northern Silica’s high-grade Moberly silica mine.

In the Northwest Territories, 92 holds an interest in the Hidden Lake lithium project, the subject of a maiden drill program last year by Far Resources CSE:FAT. The latter company has completed 60% of a 90% earn-in from 92.

92 closed a private placement of $618,000 in late December.

Read more about 92 Resources.

92 Resources adds B.C. vanadium project to Quebec lithium package

November 20th, 2018

by Greg Klein | November 20, 2018

Expanding its portfolio of energy metals, 92 Resources TSXV:NTY moves into a vanadium exploration region in eastern British Columbia. The 3,735-hectare Silver Sands property sits directly east of Ethos Gold’s (TSXV:ECC) Pine Pass project, where a recent trenching program brought results including 0.48% V2O5 over 130 metres, part of a cumulative, non-continuous extent averaging 0.43% V2O5 over 218 metres. Ethos reports approximately 20 kilometres of subcrop strike distance on the property.

92 Resources adds B.C. vanadium project to Quebec lithium package

Silver Sands hosts similar features, 92 states. The company interprets the property’s rock types as “an adjacent thrust sheet, of analogous or identical lithologies” to those at Pine Pass, with both properties hosting “regionally mapped early Triassic-aged Spray River Group rocks (containing the Toad River and Grayling formations), which have been known to host vanadium-bearing horizons associated with phosphatic shales.

“Specifically, the project is host to the Lemoray phosphate prospect, a phosphatic horizon which has been historically noted in the academic literature, but its relation to vanadium mineralization has not yet been tested.”

92 hopes to begin initial field work once snow melts, says Neil McCallum of Dahrouge Geological Consulting.

92 president/CEO Adrian Lamoureux said the acquisition suits the company’s strategic plans. “With a focus on future energy metals such as lithium and frac sand, we have now positioned the company with a key vanadium asset in a mine-friendly jurisdiction. We will now evaluate and put together our winter exploration plans that should contain our Phase I drill program at the Corvette-FCI lithium project in Quebec.”

An option signed in September with Osisko Mining TSX:OSK gives 92 a 75% earn-in on the 10,000-hectare FCI claims adjacent to the flagship Corvette project. Corvette channel samples released that month averaged 1.35% Li2O, along with tantalum averaging 109 ppm Ta2O5.

Vanadium prices now approach an all-time high, having jumped over 550% since September 2016, Lamoureux added. Chinese steel accounts for most demand but vanadium-redox flow batteries offer additional future potential.

Pine Pass regional infrastructure includes Highway 97, the Canadian National Railway, transmission lines and natural gas pipelines.

92 gets Silver Sands by paying staking costs of $15,000, while the vendor keeps a 2% NSR.

In addition to Silver Sands and Corvette, the company holds three other Quebec lithium projects, Pontax, Eastmain and Lac du Beryl, as well as the Golden frac sand project in southern B.C.

Read more about 92 Resources.

Out crops opportunity

October 31st, 2018

Outcrops, pegmatites and spodumene mean lithium and tantalum for 92 Resources

by Greg Klein

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

92 Resources’ James Bay-region Corvette property features
drill-ready targets as well as 15 kilometres of potential strike to evaluate.

 

An early-stage but steadily advancing project shows 92 Resources TSXV:NTY focusing firmly on northern Quebec’s lithium. Successful field work so far has inspired two large property expansions, one in a deal with Osisko Mining TSX:OSK. Now with about 15 kilometres of potential strike length in one package, 92 hopes to prove up grade and tonnage to bring its Corvette property to an advanced level.

A series of outcrops reveals lithium along with tantalum occurring in spodumene-bearing pegmatite over at least two sub-parallel structures, explains Darren Smith. “We have drill-ready targets as well as lots of highly prospective ground to explore.” Having worked with the company for about two years through Dahrouge Geological Consulting and been a 92 advisory board member since July, he’s obviously enthusiastic about the project.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

Surface showings have 92 Resources
optimistic about Corvette’s deeper potential.

And as a resident of Quebec City, he likes the jurisdiction too. “Quebec offers a lot of provincial support for mining,” Smith points out. “Also our Quebec projects fall within the James Bay Northern Quebec Agreement, which has structures in place for First Nations engagement and resource management.”

Corvette marked a change of direction for the company, after 92 optioned its Hidden Lake lithium property in the Northwest Territories to Far Resources CSE:FAT last January. Despite that project’s favourable sampling and metallurgical results, 92 saw even greater potential in its Quebec acquisitions. The theory found support from subsequent channel sampling grades and widths.

In September 92 released assays from 40 channel samples taken on the property’s CV1 pegmatite that averaged 1.35% Li2O. Tantalum showed up too, grading an average 109 ppm Ta2O5. Some highlights revealed:

  • 2.28% Li2O and 471 ppm Ta2O5 over 6 metres

  • 1.54% Li2O and 136 ppm Ta2O5 over 8 metres

  • 1.77% Li2O and 54 ppm Ta2O5 over 6 metres

  • 1.36% Li2O and 128 ppm Ta2O5 over 11 metres

  • 1.2% Li2O and 128 ppm Ta2O5 over 4 metres

  • 1.02% Li2O and 95 ppm Ta2O5 over 11 metres

About 50 metres north, the CV2 pegmatite showed:

  • 0.73% Li2O and 140 ppm Ta2O5 over 4 metres

  • 0.55% Li2O and 136 ppm Ta2O5 over 4 metres

True widths weren’t known.

Another promising development was the discovery of two more spodumene-bearing pegmatites. A grab sample grading 1.61% Li2O came from CV3, about 250 metres south of CV1. A 0.74% grab sample marked CV4, about three kilometres northeast and along strike of CV1.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

Corvette outcrops can host a helicopter
as well as spodumene-bearing pegmatite.

“We’re looking for tonnage and grade, and the grade has been demonstrated to be quite favourable,” Smith says. “The program added more tonnage potential through the CV3 and CV4 pegmatites, which show there might be multiple parallel structures. Because we have large occurrences over a three-kilometre strike length, it is inferred that it could be decent depth and that’s how to build tonnage. So now we have a structure over three kilometres along strike with mineralized spodumene-bearing pegmatite at either end. This is very positive because pegmatites tend to occur in swarms and congregations.”

The potential strike could be much greater yet, thanks to recent property expansions. In August the company staked another 4,918 hectares, more than doubling Corvette’s size. The following month 92 announced a 75% earn-in on Osisko’s neighbouring FCI claims, adding 14,034 hectares to the project and putting a potential strike of 15 kilometres into one package.

“Satellite imagery suggests favourable-looking outcrops there as well, so we’re pretty excited about that. We now have a lot of strike length that remains to be evaluated on the joint venture with Osisko, as well as drill-ready targets on the CV1 and 2 pegmatites.”

With a $250,000 work commitment for year one, FCI might take precedence over CV1 and 2. Plans will be determined shortly by a committee made up of two reps from each company. Osisko will act as operator on FCI in accordance with a previous ownership agreement.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

An earn-in with Osisko Mining
expands Corvette’s size and potential.

Gold and base metals possibilities also merit attention. An earlier grab sample from FCI reported by Virginia Mines brought historic, non-43-101 results of 38.1 g/t gold, while another graded 0.3 g/t gold, 150 g/t silver, 1.89% copper, 11.15% lead and 1.45% zinc.

Interestingly, that was the report that tipped off 92 about Corvette’s lithium potential. Not focused on the energy metal, Virginia just briefly noted the presence of pegmatite. Intrigued, 92 made an initial one-day visit in October 2017 “and saw massive spodumene sparkling on this big outcrop,” remembers Smith. Grab samples revealed 0.8%, 3.48% and 7.32% Li2O from the then-unnamed CV1 pegmatite and 1.22% from CV2, which also returned 90 ppm Ta2O5.

Currently helicopter-accessible, the exploration area sits about 15 kilometres south of the all-season Trans-Taiga Road and transmission line.

92’s also been busy with lithium-bearing pegmatite on its Pontax project, roughly 260 crow-flying kilometres southwest of Corvette. A week of work curtailed by last summer’s forest fires brought one grab sample grading 0.94% Li2O and 520 ppm Ta2O5, while another taken 600 metres away showed 0.72% Li2O and 87 ppm Ta2O5. A third sample taken another 1.3 kilometres along strike assayed 631 ppm Ta2O5 and an anomalous 0.02% Li2O.

“The samples come from an area of large outcrops that likely connect. The samples are random and separated by a decent distance, so they’re probably representative,” says Smith. “It’s a very good secondary project that complements Corvette.”

The company holds two other James Bay-region properties hosting pegmatite, Eastmain and Lac du Beryl. Looking at an entirely different energy-related commodity, 92 filed a 43-101 technical report for the Golden frac sand project in southern British Columbia last April. Located adjacent to the Moberly silica mine where Northern Silica restarted operations last year, Golden “hits the criteria for grade, rail and other infrastructure, proximity to markets and commodity demand,” says Smith.

As for Corvette, “I think it has enormous potential. It has a lot of tonnage potential, it’s in a new area, the geology works and the next program could really make the difference. So it’s positioned with a maximum amount of upside. The Osisko deal is very positive too and they’re a good partner to have, so I think 92 is well-positioned to really maximize the value of this asset.”

92 Resources expands Quebec lithium potential with new pegmatite discovery

October 25th, 2018

by Greg Klein | October 25, 2018

While remaining focused on its flagship Corvette project, 92 Resources TSXV:NTY announced surface exploration results from another Quebec lithium property. A week of field work at the James Bay-region Pontax project found pegmatite hosting lithium along with tantalum. One outcrop grab sample graded 0.94% Li2O and 520 ppm Ta2O5, while another taken 600 metres away assayed 0.72% Li2O and 87 ppm Ta2O5. A third sample taken another 1.3 kilometres along strike revealed 631 ppm Ta2O5 and an anomalous 0.02% Li2O.

92 Resources expands Quebec lithium potential with new pegmatite discovery

Last summer’s field program found lithium-bearing pegmatite
at surface on 92 Resources’ Pontax property in northern Quebec.

The program followed a review of historic work, satellite imagery and last spring’s tightly spaced airborne magnetic survey. Satellite imagery suggests the presence of several outcrops which might indicate a larger body under thin overburden, the company stated.

Further prospecting brought samples grading up to 141 ppb gold. Forest fires limited work, leaving some geophysical targets yet to be assessed.

The 5,536-hectare property sits in a region hosting other lithium projects including Nemaska Lithium’s (TSX:NMX) Whabouchi mine now under construction about 90 kilometres east.

Last month 92 Resources announced channel sample results from Corvette, another James Bay-region project and the company’s flagship. Forty samples taken from the property’s CV1 pegmatite ranged between 0.02% and 3.85% Li2O, averaging 1.35%. CV1 samples also averaged 109 ppm Ta2O5, while CV2 pegmatite samples averaged 138 ppm Ta2O5.

CV3 and CV4, two recently discovered spodumene-bearing pegmatites, showed grab samples grading 1.61% Li2O and 0.74% Li2O respectively. The company has permitting underway for an initial drill program on CV1 and CV2, and plans follow-up surface work on CV3 and CV4.

Earlier last month 92 Resources signed a 75% option on adjoining claims that make up the eastern area of Osisko Mining’s (TSX:OSK) FCI property. The acquisition would place the entire pegmatite trend currently defined by Corvette’s four known pegmatites in one project.

In April 92 Resources filed a 43-101 technical report on the Golden silica property in eastern British Columbia.  The company has optioned its Hidden Lake lithium project in the Northwest Territories to Far Resources CSE:FAT, which earned an initial 60% on completing last summer’s 10-hole drill campaign.

And the mania continues

August 10th, 2018

How gold rushes helped make the modern world

by Benjamin Wilson Mountford/La Trobe University and Stephen Tuffnell/University of Oxford | posted with permission of The Conversation

How gold rushes helped make the modern world

Detail from an 1871 lithograph by Currier & Ives portraying the Californian goldfields in 1849.

 

This year is the 170th anniversary of one of the most significant events in world history: the discovery of gold at Sutter’s Mill in Coloma, California. On January 24, 1848, while inspecting a mill race for his employer John Sutter, James Marshall glimpsed something glimmering in the cold winter water. “Boys,” he announced, brandishing a nugget to his fellow workers, “I believe I have found a gold mine!”

Marshall had pulled the starting trigger on a global rush that set the world in motion. The impact was sudden—and dramatic. In 1848 California’s non-Indian population was around 14,000; it soared to almost 100,000 by the end of 1849, and to 300,000 by the end of 1853. Some of these people now stare back at us enigmatically through daguerreotypes and tintypes. From Mexico and the Hawaiian Islands; from South and Central America; from Australia and New Zealand; from Southeastern China; from Western and Eastern Europe, arrivals made their way to the golden state.

How gold rushes helped make the modern world

JCF Johnson’s Euchre in the Bush, circa 1867, depicts a card game
in a hut on the Victorian goldfields in the 1860s. (Oil on canvas
mounted on board, courtesy of the Art Gallery of Ballarat)

Looking back later, Mark Twain famously described those who rushed for gold as

a driving, vigorous restless population … an assemblage of two hundred thousand young men—not simpering, dainty, kid-gloved weaklings, but stalwart, muscular, dauntless young braves…

“The only population of the kind that the world has ever seen gathered together,” Twain reflected, it was “not likely that the world will ever see its like again.”

Arriving at Ballarat in 1895, Twain saw first-hand the incredible economic, political and social legacies of the Australian gold rushes, which had begun in 1851 and triggered a second global scramble in pursuit of the precious yellow mineral.

“The smaller discoveries made in the colony of New South Wales three months before,” he observed, “had already started emigrants towards Australia; they had been coming as a stream.” But with the discovery of Victoria’s fabulous gold reserves, which were literally Californian in scale, “they came as a flood.”

Between Sutter’s Mill in January 1848, and the Klondike in the late 1890s, the 19th century was regularly subject to such flooding. Across Australasia, Russia, North America and Southern Africa, 19th century gold discoveries triggered great tidal waves of human, material and financial movement. New goldfields were inundated by fresh arrivals from around the globe: miners and merchants, bankers and builders, engineers and entrepreneurs, farmers and fossickers, priests and prostitutes, saints and sinners.

How gold rushes helped make the modern world

A nugget believed to be the first piece of gold
discovered in 1848 at Sutter’s Mill in California.
(Smithsonian National Museum of American History)

As the force of the initial wave began to recede, many drifted back to more settled lives in the lands from which they hailed. Others found themselves marooned, and so put down roots in the golden states. Others still, having managed to ride the momentum of the gold wave further inland, toiled on new mineral fields, new farm and pastoral lands, and built settlements, towns and cities. Others again, little attracted to the idea of settling, caught the backwash out across the ocean—and simply kept rushing.

From 1851, for instance, as the golden tide swept towards NSW and Victoria, some 10,000 fortune seekers left North America and bobbed around in the wash to be deposited in Britain’s Antipodean colonies alongside fellow diggers from all over the world.

Gold and global history

The discovery of the precious metal at Sutter’s Mill in January 1848 was a turning point in global history. The rush for gold redirected the technologies of communication and transportation, and accelerated and expanded the reach of the American and British Empires.

Telegraph wires, steamships and railroads followed in their wake; minor ports became major international metropolises for goods and migrants (such as Melbourne and San Francisco) and interior towns and camps became instant cities (think Johannesburg, Denver and Boise). This development was accompanied by accelerated mobility—of goods, people, credit—and anxieties over the erosion of middle class mores around respectability and domesticity.

But gold’s new global connections also brought new forms of destruction and exclusion. The human, economic and cultural waves that swept through the gold regions could be profoundly destructive to Indigenous and other settled communities, and to the natural environment upon which their material, cultural and social lives depended. Many of the world’s environments are gold rush landscapes, violently transformed by excavation, piles of tailings and the reconfiguration of rivers.

How gold rushes helped make the modern world

The Earth, at the End of the Diggings.
(Courtesy, Ballaarat Mechanics’ Institute)

As early as 1849, Punch magazine depicted the spectacle of the earth being hollowed out by gold mining. In the “jaundice regions of California,” the great London journal satirised: “The crust of the earth is already nearly gone … those who wish to pick up the crumbs must proceed at once to California.” As a result, the world appeared to be tipping off its axis.

In the U.S. and beyond, scholars, museum curators and many family historians have shown us that despite the overwhelmingly male populations of the gold regions, we cannot understand their history as simply “pale and male.” Chinese miners alone constituted more than 25% of the world’s goldseekers, and they now jostle with white miners alongside women, Indigenous and other minority communities in our understanding of the rushes—just as they did on the diggings themselves.

Rushes in the present

The gold rushes are not mere historic footnotes—they continue to influence the world in which we live today. Short-term profits have yielded long-term loss. Gold rush pollution has been just as enduring as the gold rushes’ cultural legacy. Historic pollution has had long-range impacts that environmental agencies and businesses alike continue to grapple with.

At the abandoned Berkley pit mine in Butte, Montana, the water is so saturated with heavy metals that copper can be extracted directly from it. Illegal mining in the Amazon is adding to the pressures on delicate ecosystems and fragile communities struggling to adapt to climate change.

The phenomenon of rushing is hardly alien to the modern world either—shale gas fracking is an industry of rushes. In the U.S., the industry has transformed Williston, North Dakota, a city of high rents, ad hoc urban development and an overwhelmingly young male population—quintessential features of the gold rush city.

In September last year, the Wall Street Journal reported that a new gold rush was underway in Texas: for sand, the vital ingredient in the compound of chemicals and water that is blasted underground to open energy-bearing rock. A rush of community action against fracking’s contamination of groundwater has followed.

The world of the gold rushes, then, is not a distant era of interest only to historians. For better or worse, the rushes are a foundation of many of the patterns of economic, industrial and environmental change central to our modern-day world of movement.

Benjamin Mountford and Stephen Tuffnell’s forthcoming edited collection A Global History of Gold Rushes will be published by University of California Press in October 2018. A sample of their work can also be found in the forthcoming volume Pay Dirt! New Discoveries on the Victorian Goldfields (Ballarat Heritage Services, 2018).

Benjamin Wilson Mountford, David Myers Research Fellow in History, La Trobe University and Stephen Tuffnell, Associate Professor of Modern U.S. History, University of Oxford

This article was originally published on The Conversation. Read the original article.

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92 Resources finds high-quality silica potential in B.C. frac sand property, plans drilling for Quebec lithium

March 5th, 2018

by Greg Klein | March 5, 2018

With initial sampling results now in, an eastern British Columbia project shows greater potential to serve growing demand from both solar panel manufacturing and oil and gas exploration. During summer field work at its Golden project, 92 Resources TSXV:NTY collected 60 samples from the property’s Mount Wilson formation. Fifty samples surpassed 98% SiO2 and 22 exceeded 99%, peaking at 99.89%.

92 Resources finds high-quality silica potential in B.C. frac sand property, plans drilling for Quebec lithium

Still to come are frac sand results.

The assays also showed low levels of iron contamination, less than 0.1% Fe2O3 for 55 samples. Boron contamination also rated low, between 3 and 13 ppm. Final boron assays are expected soon, the company added.

Most of the samples came from the easily accessible Frenchman’s Ridge area, where the Mount Wilson formation has been mapped over a strike of about 1.2 kilometres and over 400 metres in width, with thickness interpreted to be at least 50 metres, the company reported.

Encouraged by the program, 92 Resources added another 1,800 hectares to Golden, bringing its size to about 5,000 hectares. The original property sits next to the Moberly silica mine, from where Northern Silica ships material 16 kilometres to a facility capable of processing frac sand and other high-grade silica products. 92 Resources’ new turf covers outcrops of the Mount Wilson formation adjacently east and south of HiTest Sand’s Horse Creek project, which 92 Resources states is reportedly being developed as a silica source for a potential refinery in Washington state.

Regional infrastructure includes highways, rail and power.

In January the company announced Far Resources CSE:FAT joined 92 Resources’ Hidden Lake lithium project under a 90% earn-in. The 1,849-hectare Northwest Territories property has revealed grab sample grades up to 1.86% Li2O, as well as channel sample assays of 1.58% Li2O over 8.78 metres, 2.57% Li2O over 0.75 metres and 233 ppm Ta2O5 over one metre.

Also in January 92 Resources announced plans for three properties acquired last fall in Quebec’s James Bay region. Permitting is now underway for a four- to six-hole, 1,000-metre campaign at the Corvette project, where grab samples from one pegmatite included 0.8%, 3.48% and 7.32% Li2O. Another pegmatite sampled 1.22% Li2O and 90 ppm Ta2O5. The company also sees gold potential in the 3,891-hectare property.

The Pontax project has airborne magnetics and electromagnetics planned for Q1, with summer field work to follow. The work will focus on potential pegmatite trends as well as gold targets on the 5,536-hectare property, which the company considers part of the Eastmain River Volcanic Belt.

In early January 92 Resources closed an oversubscribed private placement of $1.14 million.

Read Isabel Belger’s interview with 92 Resources CEO Adrian Lamoureux.