Friday 23rd October 2020

Resource Clips


Posts tagged ‘lead’

Emerita Resources releases historic assays from Spanish precious and base metals deposit

October 15th, 2020

by Greg Klein | October 15, 2020

Emerita Resources releases historic assays from Spanish precious and base metals deposit

Located near the Portuguese border on the heavily mineralized VMS terrane
of the Iberian Pyrite Belt, Emerita Resources’ Paymogo project lies about
50 kilometres from the Atlantic port of Huelva.

 

With compilation of additional historic data complete, 3D modelling can now begin for the Paymogo project. On October 15 Emerita Resources TSXV:EMO released previous drill assays from Romanera, the larger of the two deposits on this Iberian Pyrite Belt property in southern Spain. Last month the company released data for 41 historic drill holes from the project’s Infanta deposit, about eight kilometres east.

Some highlights from Romanera’s historic, non-43-101 records show:

Hole 5590

  • 7.8 g/t gold, 74 g/t silver, 0.58% copper, 2.8% lead and 8.4% zinc over 2 metres, starting at 256 metres in downhole depth

5615

  • 1.11 g/t gold, 32.14 g/t silver, 0.35% copper, 3.48% lead and 6.65% zinc over 14 metres, starting at 158 metres
Emerita Resources releases historic assays from Spanish precious and base metals deposit

5624

  • 2.2 g/t gold, 81 g/t silver, 0.2% copper, 2.6% lead and 5.13% zinc over 6 metres, starting at 70 metres

5681

  • 5.4 g/t gold, 156 g/t silver, 0.32% copper, 3.4% lead and 9.2% zinc over 2 metres, starting at 192 metres

5714

  • 1.08 g/t gold, 68 g/t silver, 0.15% copper, 3.7% lead and 9.08% zinc over 12 metres, starting at 562 metres

5715

  • 1.48 g/t gold, 81.25 g/t silver, 0.22% copper, 2.79% lead and 7.03% zinc over 8 metres, starting at 482 metres

5874

  • 2.7 g/t gold, 129.6 g/t silver, 0.21% copper, 5.22% lead and 10% zinc over 10 metres, starting at 574 metres

True widths weren’t available.

Romanera holds an historic, non-43-101 estimate that showed 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

Within that deposit sits a higher-grade zone with an historic, non-43-101 estimate of 11.21 million tonnes averaging 0.4% copper, 2.47% lead, 5.5% zinc, 64 g/t silver and 1 g/t gold.

The deposit begins at surface, reaches about 350 metres in depth and remains open down dip, according to historic records.

Drilling took place in the 1960s by Asturiana de Zinc and the 1990s by Minera Rio Tinto, but Asturiana core wasn’t assayed for gold.

Anticipating its own drill program, Emerita now has a permitting application underway. Meetings with local municipalities and landowners have brought support, the company reported. Drilling would begin on the Cura zone, west along strike from Infanta.

Read more about Emerita Resources.

Joaquin Merino of Emerita Resources sees additional possibilities for a Spanish base metals project

October 2nd, 2020

…Read more

Update: Core Assets plans geophysics, increased drill permitting for newly expanded Golden Triangle project

September 29th, 2020

by Greg Klein | September 29, 2020

Property-wide magnetic and radiometric geophysics are now in the planning stage for the Blue gold-copper-polymetallic project in northern British Columbia. Core Assets CSE:CC has also applied for permission to drill up to 18 holes on the recently expanded property that’s currently permitted for eight holes. Additional drill targets have been identified from a 2019 induced polarization survey and historic electromagnetic data.

Geophysics would begin in late October and the company hopes to have a rig busy next spring.

“We believe that it is important to understand the alteration associated with deep-seated secondary and tertiary structures that are fed by the Llewelyn Fault Zone,” said CEO Dave Hodge. “The Llewelyn Fault Zone exhibits characteristics of other prolific mining and exploration camps to the south and we believe that it has the potential to be associated with a district-scale plumbing system on our property. This survey will be yet another very important steppingstone in adding new geological layers that will help our highly experienced technical team lead us to discovery.”

 

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

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.

Gaia Metals samples high-grade gold with silver and base metals, plans fall drilling in Idaho

September 10th, 2020

by Greg Klein | September 10, 2020

Results from a sampling program seem to justify the property expansion announced just eight days earlier. On September 10 Gaia Metals TSXV:GMC released the first batch of assays from its first field program on the Freeman Creek gold-polymetallic project in Idaho.

Wrapping up work late last month, the team collected 224 rock samples throughout the property, then 599 hectares but since expanded to 862 hectares through staking.

A magnetic survey also covered the project’s Gold Dyke and Carmen Creek prospects, a 162-sample soil grid targeted Gold Dyke and additional prospecting came to Carmen Creek.

Some highlights from the more advanced Gold Dyke prospect show:

Gaia Metals samples high-grade gold with silver and base metals, plans fall drilling in Idaho

A prospector props up outcrop at
Freeman Creek’s Gold Dyke prospect.

  • 10.9 g/t gold, 80.1 g/t silver, 0.72% copper, 1.97% lead and 7.9% zinc (found in talus)

  • 4.32 g/t gold and 292 g/t silver (from outcrop)

Carmen Creek highlights include:

  • 15.3 g/t gold, 41 g/t silver and 0.78% copper (outcrop)

  • 11.8 g/t gold, 36.9 g/t silver, 0.76% copper, 0.01% lead (outcrop)

  • 5.57 g/t gold, 35.4 g/t silver, 0.78% copper (talus)

  • 4.98 g/t gold, 148 g/t silver and 32% copper (talus)

The initial results delineated a mineralized strike at Carmen Creek of at least 350 metres, Gaia stated. With most assays still to come, results would cover a potential 500 metres or more of additional strike.

Now awaiting a drill permit, the company expects to begin a five- or six-hole, 1,000-metre program at Gold Dyke within weeks. Among targets would be two historic holes to be twinned.

Gaia also has permitting underway for Carmen Creek’s first-ever drill campaign. Preceding that would be a follow-up surface program on Carmen Creek coinciding with rig activity at Gold Dyke.

Read more about Gaia Metals.

Emerita Resources releases historic assays prior to drilling Spanish base and precious metals project

September 9th, 2020

by Greg Klein | September 9, 2020

Past and future drilling suggest additional potential for southern Spain’s Iberian Pyrite Belt. A batch of newly released historic intercepts supports Emerita Resources’ (TSXV:EMO) plans for its Paymogo project.

The assays come from the Infanta area, about eight kilometres east of the property’s Romanera deposit, which hosts an historic, non-43-101 resource. The Infanta grades result from 41 holes dating to the late 1970s and early ’80s. Drilling started near surface, reaching depths of only about 130 metres and extended along strike for approximately 600 metres. Remaining open along strike and down dip, mineralization potentially extended beyond the earlier project’s border, Emerita stated. Expansion since then places potential extensions within Paymogo’s turf.

Some highlights from the historic, non-43-101 results show:

Emerita Resources releases historic assays prior to drilling Spanish base and precious metals project

  • 0.5 g/t gold, 176.4 g/t silver, 3.1% copper, 11.1% lead, 20.7% zinc over 6.3 metres, starting at 49.5 metres in downhole depth

  • 1 g/t gold, 202.3 g/t silver, 1.1% copper, 6.1% lead, 12.3% zinc over 13.5 metres, starting at 117.4 metres

  • 85.6 g/t silver, 3% copper, 8.7% lead, 14.5% zinc over 8.14 metres, starting at 78 metres

  • 186.2 g/t silver, 3.2% copper, 11.5% lead, 21.5% zinc over 4.23 metres, starting at 104.92 metres

  • 0.9 g/t gold, 240 g/t silver, 3.8% copper, 13.1% lead, 25.3% zinc over 5.3 metres, starting at 81.2 metres

  • 0.4 g/t gold, 214 g/t silver, 3.8% copper, 18.2% lead, 31.2% zinc over 3.63 metres, starting at 72.37 metres

True widths were unavailable.

Along with other project data, the complete set of assays will be used to create 3D modelling to help guide an upcoming drill campaign to compile a 43-101 resource estimate. Permitting is currently underway.

“We are very excited to be planning the upcoming drill program for Infanta,” said president Joaquin Merino. “It is rare to find mineralization with excellent grades this close to surface that has not been closed off by drilling.”

Emerita is also compiling data for Paymogo’s more highly advanced Romanera deposit. Based on 1990s drilling, an historic, non-43-101 estimate credits Romanera with 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

A higher-grade zone within that deposit shows an historic, non-43-101 estimate of 11.21 million tonnes averaging 0.4% copper, 2.47% lead, 5.5% zinc, 64 g/t silver and 1 g/t gold.

The deposit extends from surface to about 350 metres in depth, remaining open down dip, according to historic records.

Paymogo sits adjacent to the Portuguese border, on the western part of the Iberian Pyrite Belt, described by Emerita as one of the world’s most highly mineralized volcanogenic massive sulphide terranes. The Atlantic port of Huelva is about 50 kilometres away.

The company has now received formal mineral title to Paymogo following a lengthy legal dispute that settled in June.

Meanwhile Emerita awaits a court decision regarding its disputed tender for Aznalcollar, a former zinc-lead mine on the same Iberian belt. In May the company signed a binding letter agreement to earn a 55% interest in the Sierra Alta gold project in northern Spain. The acquisition would cost Emerita $50,000, 500,000 shares and $500,000 in two years of spending.

Closer to Spain’s northern coast, the company holds a 50% interest in the Cantabrica do Zinco joint venture and its Plaza Norte base metals project, now subject to renewal of claims. In August 2019 the company reported a drill interval reaching 4.57% zinc over 9.5 metres from an area that has undergone historic drilling.

Last month Emerita closed a fully subscribed private placement of $1 million that followed a $1.35-million placement in July.

European Union looks to Canada and others for critical minerals supply

September 4th, 2020

by Greg Klein | September 4, 2020

The EU’s newly released 10-point critical raw materials action plan calls for development of European supplies and supply chains, as well as further re-use and recycling. But for those materials not found on the continent, the European Commission says, “pilot partnerships with Canada, interested countries in Africa and the EU’s neighbourhood will start as of 2021. In these and other fora of international co-operation, the commission will promote sustainable and responsible mining practices and transparency.”

European Union looks to Canada and others for critical minerals supply

The commission made the proclamation September 3 as part of its Green Deal, a program to achieve a climate-neutral, digital economy and “stronger Europe.” As has been the case in the U.S. over the last four years, the continent has been expressing increasing concern about security of supply for necessary resources. The EU also released an updated list of critical raw materials, the first since 2017.

Using the same methodology that emphasizes economic importance and supply challenges, the new list numbers 30, compared with 27 in 2017. Added for the first time are lithium, bauxite, titanium and strontium. Helium was dropped due to a decline in economic importance.

Heavy rare earths, light rare earths and scandium rate three separate categories. Also included are critical standbys like niobium, tantalum, fluorspar, cobalt and platinum group metals. Not exclusive to minerals, the list includes natural rubber.

Coking coal, phosphorus and silicon metal ranked among EU choices that didn’t make the most recent (from 2018) U.S. list of 35 critical minerals. Some other American exclusives not listed by the EU are helium, manganese, potash and chromium.

The commission referenced World Bank data showing “demand for metals and minerals increases rapidly with climate ambition. The most significant example of this is electric storage batteries, where the rise in demand for relevant metals aluminium, cobalt, iron, lead, lithium, manganese and nickel would grow by more than 1,000% by 2050 under a 2°C scenario, compared to a business-as-usual scenario.”

The commission’s Maroš Šefčovič added, “For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050.”

Supply security can be jeopardized by reliance on a single country or company, the commission warned. “China provides 98% of the EU’s supply of rare earth elements, Turkey provides 98% of the EU’s supply of borate, and South Africa provides 71% of the EU’s needs for platinum and an even higher share of the platinum group metals iridium, rhodium and ruthenium. The EU relies on single EU companies for its supply of hafnium and strontium.”

The commission’s specific mention of Canada as a preferred supply source follows the Joint Action Plan on Critical Minerals Collaboration that the U.S. and Canada announced in January and reaffirmed last June.

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

This story has been updated and moved here.

Emerita Resources raises $2.35 million, prepares drill permitting for southern Spain polymetallic project

August 14th, 2020

by Greg Klein | August 14, 2020

Backed by two recently closed private placements, a Spanish exploration company readies its historic property for a new round of drilling. Emerita Resources TSXV:EMO now has environmental documentation underway for an exploration permit, and has begun a digital database for its Paymogo polymetallic project.

Emerita Resources raises $2.35 million, prepares drill permitting for southern Spain polymetallic project

Emerita was formally granted the Paymogo claims in late June, following a lengthy legal process. Located in southern Spain’s Iberian Pyrite Belt adjacent to the Portuguese border, the property has highway access to the Atlantic port of Huelva, about 50 kilometres away.

Encouraging to both the environmental process and mineralization potential, the Iberian belt hosts many past-producers along with active operations.

According to an historic, non-43-101 estimate, Paymogo’s Romanera deposit hosts 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold. Within that deposit a higher-grade zone shows an historic, non-43-101 estimate of 11.21 million tonnes averaging 0.4% copper, 2.47% lead, 5.5% zinc, 64 g/t silver and 1 g/t gold.

The deposit starts at surface, reaches 350 metres in depth and remains open down dip, according to historic records.

About eight kilometres from the Romanera deposit, the Paymogo property also includes the Infanta area, with historic, non-43-101 results showing high-grade copper-lead-zinc-silver intervals.

But previous operators might have neglected Paymogo’s gold and silver, Emerita believes. “At the time Romanera was being explored by the previous operators, there was very little interest in the precious metals potential and some earlier drill holes were not assayed for gold,” said president Joaquin Merino. “Based on the historic data available and our knowledge of the deposits, we are very encouraged by what we are seeing.”

Along with survey results, there are 51 previous holes from Romanera and 48 from Infanta to compile in the digital database and 3D model that will help guide the next drill campaign.

Looking at another Iberian Pyrite Belt project, Emerita awaits a court decision regarding a disputed tender for the Aznalcollar zinc-lead past-producer.

Last May the company announced a binding letter agreement to earn a 55% interest in the Sierra Alta gold project in northern Spain. The acquisition would cost Emerita $50,000, 500,000 shares and $500,000 in two years of spending.

The company’s portfolio also includes a 50% interest in the Cantabrica do Zinco joint venture and its Plaza Norte project near Spain’s northern coast. Emerita has filed a technical report to renew these claims with the regional ministry of mines. In August 2019 the company reported a drill intercept grading 4.57% zinc over 9.5 metres from an area that has also seen historic drilling.

Earlier this week Emerita closed a fully subscribed private placement of $1 million that was offered following overwhelming response to a previous placement that closed on $1.35 million in July.

Taranis Resources gets B.C. Ombudsperson intervention in regulatory dispute; B.C. plans Mines Act revisions

July 2nd, 2020

by Greg Klein | July 2, 2020

In what might be a unique approach to regulatory uncertainty, a would-be British Columbia miner says it has “helped set the trend towards more transparent, accessible and fair proceedings for bulk-sampling projects.” Exasperated by its dealings with the provincial mines ministry, Taranis Resources TSXV:TRO went to the province’s Ombudsperson. As a result, the company and the ministry have agreed to procedures and a timeline for the company’s permitting application.

Taranis Resources gets B.C. Ombudsperson intervention in regulatory dispute; B.C. plans Mines Act revisions

Taranis has sunk about 250 holes at Thor
since acquiring the Kootenay property in 2006.
(Photo: Taranis Resources)

Taranis proposes to conduct a 10,000-tonne sample as part of the feasibility studies for the Thor project in southeastern B.C. The 3,172-hectare property hosts five historic mines and a potential silver-gold-lead-zinc-copper open pit.

Last March the company castigated B.C.’s Ministry of Energy, Mines and Petroleum Resources, charging that a supposedly 60-day review had dragged on since September 2019, involving 28 government reviewers, “multiple catastrophic deficiencies and concerns,” and “moving goalposts.”

But on July 2 CEO John Gardiner thanked the ministry and the Ombudsperson “for formulating a number of positive measures that pertain not only to Taranis, but to B.C.’s exploration and mining sector as a whole.”

The resolution calls for draft engineering drawings of a water management plan and tailings storage facility to be completed with ministry collaboration within three to four weeks before being sent to the province’s Mine Development Review Committee for comments.

“Taranis expects the permit recommendation to be sent from EMPR to the statutory decision maker this year,” the company stated. “EMPR will try to complete this work by August 31, 2020, in order to mitigate further delay.”

We wish to thank the Ombudsperson’s office and EMPR … for formulating a number of positive measures that pertain not only to Taranis, but to B.C.’s exploration and mining sector as a whole.—John Gardiner,
Taranis Resources CEO

Taranis also stated that the ministry committed to completing and posting online a draft policy and information bulletin entitled Permitting Custom and Pilot Mill Operations, and a fact sheet for bulk sampling.

The province has been blamed for “moving the goalposts” on another mining proposal, and in this case the criticism came from a Supreme Court judge. But although the court ordered the government in 2013 to reconsider Pacific Booker Minerals’ (TSXV:BKM) application to build the Morrison copper-gold-molybdenum mine, the company still faces regulatory uncertainty. Late last month independent MLA and former Green leader Andrew Weaver accused the government of imposing conditions too vague for compliance. “For Pacific Booker, this order has been tantamount to a rejection of its project without the ministry formally saying no,” he charged.

Also last month B.C.’s New Democrat government announced proposed updates to the province’s Mines Act. Among the changes would be the separation of health and safety enforcement from responsibility for permitting decisions.

A newly created chief auditor’s staff would inspect mines and issue orders to rectify dangers to people, property or the environment.

Mine inspectors would gain stronger powers to stop work until remedial environmental protection takes place, and broader authority to conduct inspections. Inspections could include “indigenous accompaniment.”