Monday 22nd October 2018

Resource Clips


Posts tagged ‘nb’

Cross-country events mark Investor Education Month

October 2nd, 2018

by Greg Klein | October 2, 2018

Following the ounce-of-prevention principle, securities commissions across Canada plan a number of initiatives to encourage smarter, safer investment strategies. A month of events begins with World Investor Week, in which Canadian regulators join the International Organization of Securities Commissions from October 1 to 7. Here’s an outline of this country’s events from province to province.

British Columbia
The B.C. Securities Commission will release new research on millennials this month, along with new tools to help people understand their investment returns. The BCSC also plans design updates to InvestRight.org to improve its efficacy.

Cross-country events mark Investor Education Month

Alberta
A digital education campaign called Spot the Odd will raise awareness of the Alberta Securities Commission’s free resources as well as encourage financial literacy and fraud awareness. A number of activities across the province will include Don’t Get Tricked, to be held in Calgary on October 17.  The ASC provides other resources on CheckFirst.ca.  

Saskatchewan
The province’s Financial and Consumer Affairs Authority has a cryptocurrency awareness campaign slated for Facebook, Twitter, the FCAA website and YouTube. In addition, businesses planning to use cryptocurrencies are invited to discuss their project with the FCAA to learn whether it falls under securities legislation.

Manitoba
The Manitoba Securities Commission will formally launch MoneySmartManitoba.ca to promote financial literacy and planning. The MSC will also take to the Twittersphere with news, tips and strategies for investors.

Ontario
The Ontario Securities Commission plans social media chats on Twitter and Facebook with the hashtag #IEM2018. The OSC also hosts GetSmarterAboutMoney.ca, plans a telephone townhall for October 10, presents public events around the province with OSC in the Community and further encourages awareness through an investor newsletter.

Participating in World Investor Week helps promote investor education and protection both locally and globally.—Tyler Fleming,
Ontario Securities Commission

Quebec
L’Autorité des marchés financiers will release results of its fourth Financial Awareness Index, measuring the public’s knowledge and use of financial products and services. The AMF will also present the third edition of its Talking Money in Class! contest for high school teachers and take part in the Quebec Seniors’ Fair.

New Brunswick
The Financial and Consumer Services Commission will present online info with special emphasis on initial coin offerings. For more tips on fraud, investors may visit fcnb.ca and follow the commission on Facebook and Twitter. The Fortune online trivia game allows investors to compete with others across the province to learn more and win prizes.

In addition to all that, the Canadian Securities Administrators umbrella group offers its own online tools and resources. The CSA invites the public to take advantage of Investor Education Month and World Investor Week by following @CSA_News on Twitter and @CSA.ACVM on Facebook.

Read: Regulators emphasize innovation and deterrence as financial sanctions fail.

Belmont Resources readies drill targets, selective extraction for Nevada lithium

April 6th, 2018

by Greg Klein | April 6, 2018

Supported by a successful financing and encouraging geophysical and drill results, Belmont Resources TSXV:BEA prepares to advance its Kibby Basin lithium project on two fronts. The company now plans to sink up to five holes on the 2,760-hectare Nevada property while continuing lithium extraction discussions with other companies that have requested samples.

Belmont Resources readies drill targets, selective extraction for Nevada lithium

A Quantec Geoscience crew member sets induction
coil for this year’s Spartan Magnetotelluric survey.

The drill campaign would be Kibby Basin’s second, following two holes from last year. Core samples graded between 70 ppm and 200 ppm Li2O. Thirteen of 25 samples surpassed 100 ppm, “indicating that the sediments could be a potential source of lithium for the underlying aquifers,” the company stated.

Since then a magnetotelluric survey covered some 36 square kilometres, adding geophysical detail to a 2016 gravity survey and showing a conductive zone that starts about 500 metres in depth.

Backing the campaign will be fresh financing. The second tranche of private placements totalling $198,000 closed this month.

In New Brunswick last November, Belmont acquired the Mid-Corner/Johnson Croft property, where historic, non-43-101 sampling showed prospectivity for zinc, copper and cobalt. Along with International Montoro Resources TSXV:IMT, Belmont shares a 50/50 interest in two Saskatchewan uranium properties, Crackingstone and Orbit Lake.

Read Isabel Belger’s interview with Belmont Resources CFO/director Gary Musil.

Mining supporters and critics speak out as government ministers meet in New Brunswick

August 14th, 2017

by Greg Klein | August 14, 2017

This is the week that the country’s mining ministers convene with their counterparts from all Canadian jurisdictions. Taking place this year in St. Andrews, New Brunswick, the Energy and Mines Ministers’ Conference will “discuss shared priorities for collaborative action to advance energy and mining development across the country.” Participants will also hear from the industry and its critics, with the latter highlighting NB’s proposed Sisson tungsten-molybdenum open pit mine.

The Canadian Mineral Industry Federation proposed reforms in six key areas that would expand the industry’s “vast socio-economic contributions to Canadians.” Not surprisingly, regulatory streamlining topped the list. The group called for an “effective, timely and co-ordinated regulatory process, from pre-environmental assessment to post-EA permitting.”

Mining supporters and critics make voices heard as government ministers meet in New Brunswick

Workers at the Sisson project, one of the world’s largest
undeveloped tungsten deposits and now site of a protest camp.

Proportionately Canada’s largest private sector employer of natives, the industry called on governments to enhance indigenous participation through “investments in health, education and skills training, and by implementing government resource revenue-sharing mechanisms.”

Looking at climate change, the CMIF warned that poorly crafted regulations could push mining “to competitor countries with less stringent climate change policies.” The group also called on governments to acknowledge the challenges of working in remote regions dependent on diesel fuel.

On a related topic, the CMIF encouraged governments to provide isolated regions with better infrastructure to “benefit both industry and local and indigenous communities.”

Concern about a shrinking land base prompted the CMIF to recommend that “mineral potential is factored into all land withdrawal decision-making processes.”

The group also called for government and industry to collaborate on a Clean Resources Innovation Supercluster, which would concentrate industry, R&D and associated small and medium-sized enterprises in one area to attract investment and develop synergies.

A coalition of native and advocacy groups, however, challenged the conference to make good on this year’s theme of Clean Growth.

“We’re not against ‘clean growth’ or ‘clean energy’ but these must not be empty words,” said Jacinda Mack, co-ordinator of First Nations Women Advocating for Responsible Mining and a community member affected by British Columbia’s 2014 Mount Polley tailings dam collapse. “We’re here to alert the public and our governments that there are still serious problems with the way mining is done in this country, and that there can’t be any clean growth or clean energy without first having clean mining.”

The coalition also emphasized its opposition to the proposed Sisson open pit mine, about 330 kilometres by road from the conference location. A partnership of Northcliff Resources TSX:NCF and a subsidiary of family-owned Todd Corp, the plan received federal environmental approval in June. Proponents describe Sisson as one of the world’s largest undeveloped tungsten deposits, with an estimated 27-year lifespan.

But a newly released report charges that the project’s “mining waste facility design is business-as-usual, using the same facility design and water cover approach used at the failed Mount Polley mine.”

Members of the Maliseet First Nations have occupied a protest camp at Sisson since early July. In February, chiefs of the six Maliseet nations signed a multi-million-dollar revenue-sharing deal with the province, CBC reported. But five of the chiefs later “denounced” the agreement, the network stated.

The coalition estimates liability for contaminated mine sites across Canada to surpass $10 billion, a figure that “can easily triple or quadruple once the true costs for site cleanup and risks from spills and failures are considered.”

Two newly elected governments join the conference this year. In November the Yukon Liberals returned to power after a 14-year hiatus. Last month B.C.’s NDP was sworn in as the province’s new government after gaining support from the three-MLA Green Party to vote down the minority BC Liberals’ Throne Speech.

Continental, Abitex report NB results of 1.17% Nickel, 0.44% Copper, 0.08% Cobalt over 28.1m

May 3rd, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: On April 16, 2013, Abitex Resources Inc began trading as ABE Resources Inc TSXV:ABE.)

Continental Nickel Ltd TSXV:CNI and Abitex Resources Inc TSXV:ABE announced results from their St Stephen Nickel-Copper Project in New Brunswick. Highlights include

1.17% nickel, 0.44% copper and 0.08% cobalt over 28.1 metres
(including 3.02% nickel, 0.56% copper and 0.24% cobalt over 3.7 metres)
1.06% nickel, 0.26% copper and 0.1% cobalt over 2.2 metres
0.57% nickel, 0.47% copper and 0.04% cobalt over 2.6 metres
1.02% nickel, 0.59% copper and 0.07% cobalt over 3.2 metres
(including 2.19% nickel, 1.12% copper and 0.15% cobalt over 1.3 metres)
0.21% nickel, 0.12% copper and 0.03% cobalt over 34.2 metres
(including 0.53% nickel, 0.33% copper and 0.07% cobalt over 2.2 metres)

Continental has an option to acquire up to a 75% interest in St Stephen and acts as project operator. Continental VP Exploration Patricia Tirschmann remarked, “We are very encouraged by the recent drilling results that have returned the highest nickel grades intersected to date on the St Stephen Property. Our exploration has confirmed that the St Stephen intrusion is sulphide-bearing at numerous locations and that EM surveys are very effective at targeting the highest conductance and most sulphidic portions of the intrusion. The best nickel grades obtained so far are associated with mineralization occurring at or near the northern gabbro-metasediment contact in the vicinity of the Hanson Brook, G, Triple J and Roger’s Farm zones, and this area will be a focus of future exploration programs at St Stephen.”

View Company Profile

Contact:
Continental Nickel Ltd
Dave Massola
President/CEO
416.603.8416 x 228
or Patricia Tirschmann
VP Exploration
416.603.8416 x 224

Abitex Resources Inc
Yves J. Rougerie
President/CEO
819.874.6200

by Greg Klein

Trevali reports NB Results of 1.07 g/t Gold, 50.27 g/t Silver, 0.21% Copper over 27.3m

February 6th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningTrevali Mining Corp TSX:TV announced results from its Stratmat Deposit in the Bathurst Mining Camp of northern New Brunswick. Highlights include

1.07 g/t gold, 50.27 g/t silver, 0.21% copper, 4.02% zinc and 1.49% lead over 27.3 metres
(including 1.23 g/t gold, 58.18 g/t silver, 0.23% copper, 5.02% zinc and 1.8% lead over 14 metres)
1.04 g/t gold, 46.35 g/t silver, 0.2% copper, 4.47% zinc and 1.48% lead over 18.4 metres
0.93 g/t gold, 72.47 g/t silver, 0.43% copper, 7.54% zinc and 2.48% lead over 13.3 metres
0.45 g/t gold, 22.57 g/t silver, 0.33% copper, 2.31% zinc and 0.83% lead over 26.8 metres
(including 0.65 g/t gold, 36.75 g/t silver, 0.09% copper, 5.36% zinc and 2.3% lead over 6 metres)
0.92 g/t gold, 36.5 g/t silver, 0.16% copper, 3.82% zinc and 1.05% lead over 10.6 metres

The Stratmat Deposit has an inferred resource estimate of 5.52 million tonnes grading 6.11% zinc, 2.59% lead, 0.4% copper and 54.21 g/t silver. The company’s Halfmile Deposit has an indicated resource of 6.26 million tonnes grading 8.13% zinc, 2.58% lead, 0.22% copper and 30.78 g/t silver, and an inferred resource of 6.08 million tonnes grading 6.69% zinc, 1.83% lead, 0.14% copper and 20.51 g/t silver.

View Company Profile

Contact:
Steve Stakiw
Manager of Corporate Communications
604.488.1661
604.638.5623

by Greg Klein