Tuesday 25th April 2017

Resource Clips


Posts tagged ‘quebec’

Aurvista Gold more than doubles its Abitibi-region Douay project

April 5th, 2017

by Greg Klein | April 5, 2017

Maybe partly inspired by a recent expansion of mineralization, Aurvista Gold TSXV:AVA has expanded its Douay gold project to more than twice its previous size. Taking advantage of recently abandoned claims, the company staked another 16,440 hectares, increasing the property to about 30,500 hectares along a 40-kilometre stretch of the Abitibi’s Casa Berardi deformation zone.

Aurvista Gold more than doubles its Abitibi-region Douay project

The new land has airborne geophysics and ground surveys scheduled for summer.

Aurvista now holds a 100% interest in about 29,300 hectares and a 75% interest in the 1,190-hectare North West zone, with the remainder held by JV partner SOQUEM, the mineral exploration branch of the provincial government’s Investissement Québec.

Two days earlier Aurvista released assays boasting good grades over wide intervals, one of which expanded Douay’s Main porphyry zone by 500 metres. Having raised $7.5 million in 2016, the company has three rigs conducting a 30,000-metre campaign, with a year-end goal of updating the resource, currently showing an inferred 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces.

Last week Aurvista announced preliminary metallurgical results that the company said were in line with comparable Abitibi projects.

Read more about Aurvista Gold.

Co-authors Taylor Jackson and Kenneth P. Green comment on the latest Fraser Institute survey of mining jurisdictions, which placed Saskatchewan, Manitoba and Quebec in first, second and sixth place globally

April 4th, 2017

…Read more

Aurvista Gold extends Main zone as three rigs tackle the Abitibi’s Douay project

April 3rd, 2017

by Greg Klein | April 3, 2017

With 29 holes and 11,363 metres finished so far out of a 30,000-metre program, Aurvista Gold TSXV:AVA announced a 500-metre strike expansion northwest of the Douay project’s Main porphyry zone. The extension comes from hole DO-17-169:

  • 0.79 g/t over 34.5 metres, starting at 204 metres in downhole depth

Additional assays for this hole are still to come. Six of the 10 holes reported April 3 searched for Main zone extensions, with highlights showing:

Aurvista Gold extends Main zone as three rigs tackle the Abitibi’s Douay project

Located on the Abitibi’s Casa Berardi deformation zone,
Douay has another resource update planned this year.

DO-17-155

  • 0.59 g/t gold over 31.5 metres, starting at 55.5 metres

DO-17-156

  • 1.26 g/t over 12 metres, starting at 121.5 metres

DO-17-158

  • 0.83 g/t over 23.2 metres, starting at 227.3 metres

  • 0.99 g/t over 7.5 metres, starting at 279 metres

  • 0.98 g/t over 13.4 metres, starting at 306.7 metres

  • 1.05 g/t over 19 metres, starting at 387.4 metres

True widths were estimated at 90%.

Assays are pending for 13 additional holes, 10 of them at the Main zone, which has another 10 holes planned. An earlier batch released in February saw results up to 2.11 g/t over 20.6 metres and 2.2 g/t over 23.1 metres. Overall, 93% of the program’s results have equalled or exceeded the resource’s 0.5 g/t cutoff, Aurvista president/CEO Jean Lafleur stated. This year’s update shows an inferred category of 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces. The company anticipates another update by year-end.

Aurvista has three rigs on site to extend mineralization along east-west corridors and expand individual zones. Results “have provided favourable indications that previously ‘unmineralized’ segments of the Douay West and the Main porphyry zones are in fact mineralized,” the company stated.

Preliminary metallurgical results released last week showed recoveries in line with comparable Abitibi projects, Aurvista announced. Gold recovery averaged 26% from gravity and 66% from flotation, for a total of 92%. Cyanidation leaching of a gravity and flotation concentrate came to 85% recovery.

Also last week, Aurvista bought the remaining 10% interest of a 20-hectare portion of the 14,520-hectare Douay property for $12,500 from Société d’exploration minière Vior TSXV:VIO. In January Aurvista bought back a 1.5% NSR on 32 claims for $325,000. Aurvista offset most of those costs by selling 1.08 million Vior shares for $215,551. Aurvista raised $7.5 million in 2016.

The company now holds a 100% interest in 13,330 hectares and a 75% interest in the 1,190-hectare North West zone, a JV with 25% partner SOQUEM, the mineral exploration branch of the provincial government’s Investissement Québec.

Read more about Aurvista Gold.

Commerce Resources president Chris Grove welcomes Quebec’s participation in his company’s Ashram rare earths project

March 31st, 2017

…Read more

92 Resources begins metallurgical tests on NWT lithium

March 28th, 2017

by Greg Klein | March 28, 2017

A Northwest Territories lithium project gets its first-ever metallurgical studies as 92 Resources TSXV:NTY announced a two-phase program on March 28. The 1,659-hectare Hidden Lake property underwent channel sampling last year on four of six known lithium-bearing spodumene dykes, with the best intercept showing:

  • 1.58% Li2O and 31 ppm Ta2O5 over 8.78 metres

  • (including 1.78% Li2O and 31 ppm Ta2O5 over 6.93 metres)
92 Resources begins metallurgical tests on NWT lithium

Hidden Lake’s metallurgical tests follow
last year’s successful sampling program.

The met program’s first phase examines the property’s spodumene and waste materials, leading to a mineral processing phase intended to separate the two and produce a high-grade concentrate.

Material from four pegmatites will be evaluated separately and, if no significant differences are found, a single composite will undergo processing tests. Those tests would include grinding, heavy liquid separation, magnetic separation and flotation. Plans then call for a preliminary flowsheet and a small amount of potentially marketable spodumene concentrate.

The program will also evaluate potential tantalum recovery.

Hidden Lake has all-weather road access to Yellowknife, 45 kilometres southwest. Carrying out the tests will be SGS Canada, which has considerable experience in spodumene pegmatite processing, 92 Resources stated.

In northern Quebec, 92 Resources has initial lithium exploration planned for Pontax, a 5,536-hectare property in a district known for spodumene-bearing pegmatites as well as gold potential.

Earlier this month the company expanded its Golden frac sand project from 807 hectares to 3,211 hectares. The southeastern British Columbia property sits adjacent to the Moberly silica sand project, now being redeveloped into a frac sand operation and among the assets sought by Northern Silica in its takeover bid for Heemskirk Consolidated.

Late last month 92 Resources closed an oversubscribed private placement of $895,199.

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.

Aurvista Gold completes initial met tests for Abitibi project

March 21st, 2017

by Greg Klein | March 21, 2017

Aurvista Gold TSXV:AVA declared preliminary metallurgical results for its Douay deposit “in line with the recoveries achieved elsewhere in the Abitibi belt at projects with comparable mineralization styles and similar or lower gold grades.” Ten composite samples totalling 311 kilograms and averaging 1.89 g/t gold from seven zones underwent the tests.

Aurvista Gold completes initial met tests for Abitibi project

Visible gold enhances Aurvista’s
confidence in its Abitibi deposit.

With consistent results, gold recovery averaged 26% from gravity and 66% from flotation, for an average total of 92%. The correlation between gold and sulphur recovery suggested the metal’s association with sulphide minerals.

Cyanidation leaching of a gravity and flotation concentrate averaged 85% recovery. The process improved recovery of samples from the project’s North West zone, characterized by a felsic volcanic host rock, but other composites did better. Excluding the North West samples, recovery averaged 88.9% for material from mafic volcanic and porphyry host rocks.

Results suggest capex and opex advantages to gravity-flotation-leach over an entirely leach process. The company has further tests planned later this year to optimize results and lower costs.

Earlier this month Aurvista issued a clarifying news release with an amended resource estimate. Using a 0.5 g/t cutoff within a conceptual pit shell, Douay’s eight zones total:

  • inferred: 83.3 million tonnes averaging 1.05 g/t for 2.81 million gold ounces

Last month Aurvista released assays up to 2.2 g/t over 23.1 metres. Backed by $7.5 million raised in 2016, the company has about 30,000 metres of additional drilling planned this year.

Douay consists of 14,520 hectares along a 20-kilometre segment of the Casa Berardi deformation zone in Quebec’s Abitibi region. Aurvista holds a 100% interest in 13,310 hectares, a 90% interest in 20 hectares and a 75% interest in the 1,190-hectare North West zone, a JV with 25% partner SOQUEM, the mineral exploration branch of the provincial government’s Investissement Québec.

Read more about Aurvista Gold.

BonTerra Resources expands its land in Urban Barry and Larder Lake

March 16th, 2017

by Greg Klein | March 16, 2017

Growing an already major position in the Windfall Lake-inspired Urban Barry area play, BonTerra Resources TSXV:BTR announced additional property acquisitions March 15. Among them is Thubiere, northwest of the company’s Arena property and surrounded by Osisko Mining TSX:OSK turf.

BonTerra Resources expands its land in Urban Barry and Larder Lake

BonTerra’s Gladiator project consists of the
West Arena, East Arena and Coliseum properties.

One day previously BonTerra closed a $1-million private placement, bringing the March total to about $15 million. Obviously well-funded, the company has three rigs working a program of up to 40,000 metres at its nearby Gladiator gold project. Recent results have graded up to 16.8 g/t gold over 3.8 metres and 15.7 g/t over 8.5 metres as the company endeavours to connect zones across a 1.2-kilometre potential strike.

BonTerra describes the 338-hectare Thubiere property as poorly explored, despite historic, non-43-101 assays grading 13.7 g/t gold over 1.2 metres, 10.98 g/t over 1.83 metres and 74.8 g/t over 0.61 metres.

The historic work “strongly supports a pattern of future exploration along the main fault and specifically in areas where porphyritic felsic intrusives are recorded to exist,” BonTerra stated. “This gold-fault-felsic intrusive association is beginning to emerge as a useful gold pathfinder [in the] Urban Barry greenstone belt of Quebec, based on recent discoveries.”

The company staked four new claims north of its Gladiator project’s Lacroix Lake block and intends to buy another 226 contiguous hectares.

In Ontario, BonTerra signed a purchase agreement for another 56-hectare claim proximal to the company’s Larder Lake gold project, currently active with 25,000 metres of resource development and exploration.

Subject to approvals, Thubiere’s price tag comes to $5,000 and 150,000 shares. The 226 hectares north of Lacroix would cost $10,000 and 150,000 shares. The Larder Lake addition calls for 100,000 shares and a 2% NSR, half of which may be subject to a $750,000 buy-back.

Due for updates are the Gladiator and Larder Lake resources. Gladiator’s 2012 estimate used a 4 g/t cutoff to show 905,000 tonnes averaging 9.37 g/t for 273,000 gold ounces inferred.

Historic, non-43-101 estimates at Larder Lake give the Bear Lake deposit 683,000 gold ounces inferred, and the Cheminis deposit 43,800 gold ounces indicated and 233,400 ounces inferred.

Read more about BonTerra Resources.

92 Resources expands B.C. frac sand property adjacent to takeover target

March 13th, 2017

by Greg Klein | March 13, 2017

A 2,404-hectare addition to 92 Resources’ (TSXV:NTY) Golden frac sand property brings the total to 3,211 hectares next to a silica sand mine in southeastern British Columbia.

“A domestic or western Canadian frac sand deposit with suitable quality would benefit from more advantageous transportation and exchange rate costs over foreign competitors,” said 92 Resources president/CEO Adrian Lamoureux. “We believe these to be important factors in the recent takeover of the neighbouring Moberly silica sand mine.”

92 Resources expands B.C. frac sand property adjacent to takeover target

Next door to the Golden property, Heemskirk Canada’s Moberly project produced silica sand for high-quality glass manufacture for over 30 years. It’s now being redeveloped as a frac sand production and processing operation. Meanwhile Heemskirk’s parent company, Heemskirk Consolidated, is subject to a takeover bid by Northern Silica, a subsidiary of Taurus Resources No. 2 BC, that’s expected to close next month.

Golden’s expansion gives the property over 18 kilometres of strike along the Mount Wilson formation, which consists of high-purity, white quartzite, 92 Resources stated. With only initial prospecting, sampling and testing done so far, results from the most recent program in 2014 show silica content grading 98.3% to 99% SiO2. In two of four samples, over 65% of material fell in the 40- to 170-mesh range. “The two adequate size fraction samples passed 6,000 PSI compressibility testing, each producing 8.1% fines,” the company added.

92 Resources has mapping, sampling and drilling now in the planning stages for Golden.

Besides a product used in oil and gas exploration, 92 Resources pursues a clean energy commodity at two lithium properties. In January the company filed a 43-101 for its Hidden Lake project in the Northwest Territories, which hosts at least six lithium-bearing spodumene dykes. Channel samples on four of them averaged 1.03% Li2O, with one hitting a peak of 3.31%. Ground magnetics, along with liquid separation and flotation tests, have been recommended for the project.

The 1,659-hectare property has all-weather access to Yellowknife, 45 kilometres southwest.

92 Resources also anticipates initial exploration this year on its 5,536-hectare Pontax property in Quebec’s James Bay region.

Last month the company closed an oversubscribed private placement of $895,199.

The Aurvista Gold team reflects on a successful year at the Douay project

March 10th, 2017

…Read more