Tuesday 30th May 2017

Resource Clips


Posts tagged ‘Kinross Gold Corp (K)’

High-grade gold helps BonTerra Resources close the Rivage gap

May 16th, 2017

by Greg Klein | May 16, 2017

With a goal of demonstrating continuity along a 1.2-kilometre potential strike—and maybe stealing some of Osisko Mining’s (TSX:OSK) Urban Barry glory—BonTerra Resources TSXV:BTR released another batch of high-grade assays May 16. Results so far show the Gladiator deposit open in all directions but much of the drilling has focused on closing its gap with the Rivage zone to the west.

Intercepts released for the Rivage gap’s four zones show:

Hole BA-17-04

  • 9.5 g/t gold over 4.2 metres, starting at 88.8 metres in downhole depth, North zone

  • 10 g/t over 4 metres, starting at 233 metres, Footwall zone

  • 1.4 g/t over 25 metres, starting at 272 metres, Porphyry/Main zone
  • (including 3.6 g/t over 3 metres)
High-grade gold helps BonTerra Resources fill the Rivage gap

Fortified by money and high grades, BonTerra Resources
plans up to 40,000 metres for Gladiator’s current program.

BA-17-07

  • 12 g/t over 3 metres, starting at 355 metres, Main zone

BA-17-08

  • 7.5 g/t over 1 metre, starting at 210 metres, North zone

  • 8 g/t over 1 metre, starting at 264 metres, Mid zone

  • 6.4 g/t over 1.8 metres, starting at 300.2 metres, Footwall zone

  • 3.4 g/t over 5.7 metres, starting at 390 metres, Main zone

BA-17-09

  • 9 g/t over 1.8 metres, starting at 67 metres, Footwall zone

BA-17-10

  • 5.6 g/t over 1.5 metres, starting at 177.5 metres, North zone

  • 8.4 g/t over 3.5 metres, starting at 198.5 metres, Footwall zone

  • 5.2 g/t over 2.5 metres, starting at 212.5 metres, Mid zone

  • 5.3 g/t over 2 metres, starting at 237 metres, Main zone

True widths were estimated between 60% and 80%.

Continued high grades add to the anticipation of an update to Gladiator’s 2012 resource, which used a 4 g/t cutoff to show an inferred 905,000 tonnes averaging 9.37 g/t for 273,000 ounces gold.

With up to 40,000 metres planned for this campaign, drilling has so far hit multiple high-grade intercepts between Gladiator and Rivage, confirmed over one kilometre in strike for each of the Main and Footwall zones, and sought extensions of the Gladiator deposit to 850 metres in depth and 1.2 kilometres in strike, BonTerra stated. Drilling also focuses on the Deep East zone “and within large gaps or voids with currently little drill information” on the 8,126-hectare property.

In late March the company took out a 100% option on Durango Resources’ (TSXV:DGO) Trove property, which BonTerra described as a direct extension of its Gladiator/Coliseum southwest mineralized trend.

A few days earlier the company gained another large cash injection, this one a $5.2-million private placement that gave Kinross Gold TSX:K an approximately 9.5% stake in BonTerra. That followed nearly $15 million raised over February and March with the participation of Sprott Capital Partners.

BonTerra also holds the 2,165-hectare Larder Lake gold project in Ontario’s Cadillac-Larder Lake fault zone, where drilling’s planned to bring historic, non-43-101 resources for two zones up to date.

Read more about BonTerra Resources.

BonTerra president/CEO Nav Dhaliwal comments on a $5.2-million private placement by Kinross Gold

May 10th, 2017

…Read more

Update: BonTerra Resources’ high gold grades bring big money and Kinross to Urban Barry

March 21st, 2017

by Greg Klein | March 22, 2017

Update: On March 22 BonTerra Resources TSXV:BTR announced a $5.2-million private placement by Kinross Gold TSX:K, giving the global miner around 9.5% of BonTerra’s issued and outstanding shares. The parties expect to close by March 24. The news follows $15 million of BonTerra financings raised in February and March with strong participation from Sprott Capital Partners.

Kinross’ “entry into the Urban Barry gold camp further validates our ongoing progress and success at the Gladiator deposit and surrounding properties,” said BonTerra president/CEO Nav Dhaliwal. “The depth of technical expertise that Kinross offers will be of great value to BonTerra’s development going forward.”

The previous day BonTerra released assays up to 41 g/t gold over 6 metres, showing further progress as the company works to bring continuity to a 1.2-kilometre potential strike. Part of an effort to bridge the gap between the Gladiator deposit and the Rivage zone to the east, hole BA-17-05 encountered five zones, two of them new, as well as a western extension of the project’s Footwall zone. Highlights show:

  • 1.1 g/t gold over 12 metres, starting at 19 metres in downhole depth
BonTerra Resources’ Quebec Gladiator hits 41 g/t gold over 6 metres

Backed by over $20 million in recent financings,
BonTerra has three rigs busy at Gladiator.

  • 23.6 g/t over 5 metres, starting at 45 metres

  • 41 g/t over 6 metres, starting at 72 metres
  • (including 147.9 g/t over 1.6 metres)

  • 36.6 g/t over 1 metre, starting at 152 metres

  • 2.2 g/t over 6.8 metres, starting at 527 metres

True widths weren’t available.

Last year’s final assays came from the project’s East Side, with highlights showing:

BA-16-41

  • 5.5 g/t over 1.5 metres, starting at 786.5 metres

  • 2.3 g/t over 3 metres, starting at 831 metres

  • 6.8 g/t over 2.4 metres, starting at 944.6 metres

[Kinross’] entry into the Urban Barry gold camp further validates our ongoing progress and success at the Gladiator deposit and surrounding properties. The depth of technical expertise that Kinross offers will be of great value to BonTerra’s development going forward.—Nav Dhaliwal, president/CEO
of BonTerra Resources

BA-16-43

  • 1 g/t over 13.3 metres, starting at 726 metres

  • 2 g/t over 3 metres, starting at 816 metres

BA-16-49

  • 4.8 g/t over 3 metres, starting at 855 metres

Again, true widths weren’t available.

While additional assays are pending, three rigs focus on the Deep East zone, the Rivage Gap western side and Rivage Gap infill. The company has a fourth rig under consideration to explore the on-trend Coliseum property.

Last week BonTerra announced property acquisitions in the Urban Barry area play that’s home to Gladiator, as well as new turf near the company’s Larder Lake project in Ontario’s Cadillac-Larder Lake Break camp.

Read more about BonTerra Resources.

Gwen Preston looks back on PDAC and an exciting week

March 15th, 2016

by Gwen Preston | SmallCapPower.com | March 15, 2016

What a week it was! Another PDAC is in the books. And a good one. It was undoubtedly small—fewer booths, attendance of just 22,000 compared to an average of 29,000 over the last five years—but the buzz was inarguably better than last year.

Gwen Preston looks back on PDAC and an exciting week

Mining deals flowed with PDAC buzzing in the background.

I comment on my PDAC impressions after going through the mining news events of the week. As usual, news flow ramped up during the world’s biggest mining conference so there was lots to talk about, and all I got to were the four biggest stories.

Others also deserve comment. Canamex Resources (TSXV:CSQ), for example, published a PEA showing how they could turn their Bruner gold project into a 46,500-ounce-per-year producer for a capital cost of just US$33.4 million. If built, the mine should be able to generate a 39% after-tax internal rate of return and operate for six years. It would be a simple oxide heap leach operating on patented land, which eases permitting considerably.

Those are pretty good numbers. The asset and company are small for my tastes but Canamex deserves credit: it not only survived the bear market but advanced its asset to the point where it supports an economic PEA. If the team can now establish a path to production, starting with accessing the cash needed to take the next step, its share price may well respond. This is, after all, a simple gold project in Nevada, one of the most desirable mining jurisdictions in the world.

That’s one example of interesting news. There was no shortage: companies arrived at PDAC armed with new drill results, property deals, exploration plans, financings and resource estimates.

Deal flow was the most exciting part. I go through three new deals below (Silver Standard buying Claude, Endeavour buying True Gold and Lundin moving on Timok), but financings were also hot. Pretium raised US$130 million, Franco pulled in an oversubscribed US$920 million and Kinross raised US$250 million. I like to see money moving. This sector seizes up otherwise.

No wonder PDAC-ers were pumped. Or cautiously optimistic, in the very least…. Continue reading this article on SmallCapPower.com.

October 28th, 2014

As the Eurozone stalls, China cuts the red tape GoldSeek
UK select committee highlights importance of reliable water supply to mining industry Industrial Minerals
Skarn deposits—our largest source of tungsten Geology for Investors
Bank of Canada abandons neutral reference, holds rates steady VantageWire
Kinross selling Fruta del Norte to Fortress Minerals for US$240 million cash Stockhouse
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 27th, 2014

UK select committee highlights importance of reliable water supply to mining industry Industrial Minerals
Chris Powell: The crucial questions financial journalism won’t ask and central banks won’t answer GoldSeek
Skarn deposits—our largest source of tungsten Geology for Investors
Bank of Canada abandons neutral reference, holds rates steady VantageWire
Kinross selling Fruta del Norte to Fortress Minerals for US$240 million cash Stockhouse
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 24th, 2014

UK select committee highlights importance of reliable water supply to mining industry Industrial Minerals
Chris Powell: The crucial questions financial journalism won’t ask and central banks won’t answer GoldSeek
Skarn deposits—our largest source of tungsten Geology for Investors
Bank of Canada abandons neutral reference, holds rates steady VantageWire
Kinross selling Fruta del Norte to Fortress Minerals for US$240 million cash Stockhouse
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
The last resort when monetary policy fails Equedia

October 23rd, 2014

Skarn deposits—our largest source of tungsten Geology for Investors
Bank of Canada abandons neutral reference, holds rates steady VantageWire
Kinross selling Fruta del Norte to Fortress Minerals for US$240 million cash Stockhouse
About that referendum in Switzerland… GoldSeek
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
Video: Flinders CEO discusses new graphite mine, Big North acquisition Industrial Minerals
The last resort when monetary policy fails Equedia

October 22nd, 2014

Bank of Canada abandons neutral reference, holds rates steady VantageWire
Kinross selling Fruta del Norte to Fortress Minerals for US$240 million cash Stockhouse
About that referendum in Switzerland… GoldSeek
John Reed’s doorstop: America’s first gold rush was not in California Geology for Investors
John Kaiser’s tips for escaping the resource sector swamp alive Streetwise Reports
Video: Flinders CEO discusses new graphite mine, Big North acquisition Industrial Minerals
The last resort when monetary policy fails Equedia

Athabasca Basin and beyond

October 4th, 2014

Uranium news from Saskatchewan and elsewhere for September 27 to October 3, 2014

by Greg Klein

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Fission continues PLS main zone’s perfect score, gets conditional approval for TSX listing

In a week that saw Fission Uranium TSXV:FCU win conditional approval to move up to the TSX big board, the company maintained this season’s 100% hit rate at Patterson Lake South’s R780E zone. All seven holes released September 29 returned wide mineralization. The main zone now boasts 61 successes out of 61 summer holes.

The results come from a hand-held device used to measure drill core for radiation. They’re no substitute for assays, which are pending.

Among the most recent batch’s highlights, hole PLS14-290 revealed intervals totalling a composite 97.5 metres of mineralization, the shallowest beginning at 113.5 metres in downhole depth. PLS14-298 showed a composite 84 metres, with the shallowest intercept starting at 146.5 metres. PLS14-296 came up with a 94.5-metre composite, with one interval starting at 96 metres. True widths weren’t available.

An innovation to the summer program has been angled drilling from barges over the lake. Now Fission’s emphasizing three “scissor” holes, each sunk north to south at an opposite azimuth to a south-to-north hole. The purpose is to “provide geometry control and confirmation on the mineralization.” PLS14-290, for example, “intersected well-developed mineralization … in an area that had previously only seen moderate results.”

By far the biggest of four zones along a 2.24-kilometre potential strike, R780E shows a continuous strike of 930 metres and, at one point, a lateral width of 164 metres. The project’s mineralization sits within a metasedimentary lithologic corridor bounded to the south by the PL-3B basement electromagnetic conductor.

Still to come are assays to replace the summer’s radiometric results, as well as assays for the final dozen of last winter’s 92 holes. December’s still the target for a maiden resource.

Fission greeted October 3 by announcing conditional approval for a TSX listing. The company anticipates big board trading on or about October 8, retaining its FCU ticker.

In an interview posted by Stockhouse October 3, Fission chairperson/CEO Dev Randhawa contrasted Saskatchewan’s stability with that of other uranium-rich jurisdictions like Uzbekistan, Kazakhstan, Namibia and Niger. Verifying his intention to sell the project, Randhawa told journalist Gaalen Engen, “We have about six or seven Asian and North American companies in the midst of due diligence who are interested in doing private placement and/or taking over the company.”

The previous week Fission closed a $14.4-million private placement and released regional PLS drill results.

Field work and drilling approach for Lakeland Resources’ Star/Gibbon’s Creek flagship

Uranium news from Saskatchewan and elsewhere for September 27 to October 3, 2014

Scintillometer in hand, a geologist prospects
for radiometric anomalies over the Star uplift.

Announced September 29, the termination of an option with Declan Resources TSXV:LAN gives Lakeland Resources TSXV:LK full control of its 12,771-hectare Gibbon’s Creek project, which features boulder samples up to 4.28% U3O8 and some of the Athabasca Basin’s highest-ever radon readings. Three days later Lakeland released rock and soil sample results from its adjacent Star property, showing gold, platinum and palladium, as well as some rare earths and low-grade uranium. Especially when considered for their proximity to a structural lineament that runs through both properties, the results show similarities to major Basin discoveries of high-grade uranium, the company states. With the two properties on the Basin’s north-central margin united as one project, Lakeland has additional field work planned for autumn. That leads up to a drill program slated to begin this winter, if not sooner.

Jody Dahrouge, president of Dahrouge Geological Consulting, told ResourceClips.com of geophysical data showing “a major regional structural lineament that’s about 30 or 40 kilometres in length, and it’s been reactivated many times over 100 million years or more. This is a key ingredient to every uranium deposit in the Athabasca Basin…. Having it reactivated time and time again allows multiple generations of fluid to flow along that structure and deposition of perhaps multiple ore bodies.”

He identified three mineralizing systems within five to 10 kilometres of the structure. The Star uplift, a basement outcrop about 700 metres by 350 metres, was the location of many of the samples showing gold and platinum group elements, along with some rare earths and low-grade uranium.

A massive alteration zone about a kilometre south had historic drill results up to 1,500 parts per million uranium. A few kilometres farther sits the boulder field that graded up to 4.28% U3O8. “Clearly something’s going on and clearly it’s related to the structure,” Dahrouge said.

With drill permits in place, road access from a nearby community, shallow depths, high ground that can be worked year-round and a healthy treasury, Lakeland now plans the next stage of an extensive exploration program for its flagship.

Read more about Lakeland’s Star/Gibbon’s Creek project.

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