Tuesday 17th September 2019

Resource Clips


Posts tagged ‘Saville Resources Inc (SRE)’

Saville Resources plans Phase II drilling on Quebec niobium-tantalum-phosphate project

September 16th, 2019

by Greg Klein | September 16, 2019

A detailed analysis of last spring’s drill program along with other data has Saville Resources TSXV:SRE looking forward to a Q1 return engagement. Activity on the Niobium Claim Group in Quebec’s Labrador Trough occurs as the U.S. takes steps to secure reliable supplies of critical minerals including niobium and tantalum. The country relies on imports for its entire supply of both metals.

Near-surface assays previously released for this year’s five-hole, 1,049-metre campaign reached as high as 0.79% Nb2O5, 163 ppm Ta2O5 and 8.1% P2O5 over 37 metres, as well as 0.8% Nb2O5, 81 ppm Ta2O5 and 9% P2O5 over 31.5 metres. The latter intercept, the final hole of the season, featured a sub-interval showing 1.36% Nb2O5, 70 ppm Ta2O5 and 12.3% P2O5 over 4.5 metres.

Saville Resources plans Phase II drilling on Quebec niobium-tantalum-phosphate project

Saville’s drilling targeted the project’s Mallard prospect, where three programs so far have totalled 14 holes and 3,537 metres. Each campaign excelled its predecessor for grades and widths, expanding three known zones of mineralization which remain open in all directions, the company reported.

Predominating the host material are pyrochlore-group minerals and/or ferrocolumbite, familiar to the industry as the world’s main source of niobium production, Saville added.

“We appear to have only scratched the surface at Mallard and have yet to drill-test our other high-priority targets including Spoke and Miranna,” said president Mike Hodge.

Although work will focus on building an initial Mallard resource, Spoke and Miranna might also get rig attention to determine their potential for connecting with Mallard.

Saville operates the project under a 75% earn-in from Commerce Resources TSXV:CCE. On another critical minerals project two kilometres away, Commerce advances its Ashram rare earths deposit towards pre-feasibility.

Saville’s portfolio also includes the Bud project in southern British Columbia’s busy Greenwood camp. Grab sample assays released last April showed grades up to 4.57 g/t gold, 27.7 g/t silver and 6.7% copper; as well as 4.44 g/t gold, 17 g/t silver and 6.84% copper.

Read more about Saville Resources.

Commerce Resources’ rare earths metallurgy optimized by university lab

August 1st, 2019

by Greg Klein | August 1, 2019

Successful methods applied in separate laboratories further demonstrate the amenability of a Quebec rare earths deposit that’s progressing towards the pre-feasibility stage. Using material from Commerce Resources’ (TSXV:CCE) Ashram project in northern Quebec, l’Université Laval successfully used an alternative flowsheet approach to create a mixed REE concentrate. The tests add to the work of Hazen Research in Colorado and Merker Mineral Processing/UVR-FIA in Germany.

Commerce Resources’ rare earths metallurgy optimized by university lab

Commerce announced receipt of Laval’s final report on August 1. The university tested Ashram material on bench-scale levels of one kilogram and on larger batches of 10 to 30 kilograms. A total of about 1,500 kilograms went through Laval’s own flotation circuit and reagent scheme.

The large batches produced around 170 kilos of flotation concentrate grading 11.2% rare earth oxides, with a mass pull of 11.3% (percent of material reporting to concentrate), the company stated. Laval’s new reagent scheme offers Ashram potentially greater flotation performance, Commerce added.

“We are very happy with the results of our collaboration with Laval and look forward to continued work with local academic institutions to further develop REE expertise in the province of Quebec and, moreover, to move the Ashram deposit closer to production,” commented president Chris Grove.

The news comes amid heightened concern in the U.S. for critical minerals supply, especially rare earths.

Commerce holds interests in two other critical minerals projects. On the Niobium Claim Group, just a few kilometres from Ashram, Saville Resources TSXV:SRE drilled high-grade, near-surface niobium along with tantalum and phosphate last spring while working towards a 75% earn-in from Commerce. The latter company also holds the advanced-stage Blue River tantalum-niobium project in southern British Columbia.

Read more about Commerce Resources.

Saville Resources president Mike Hodge considers the potential of his company’s Quebec critical minerals project

July 25th, 2019

…Read more

Commerce Resources to provide rare earths and byproduct samples to potential customers

July 5th, 2019

by Greg Klein | July 5, 2019

Commerce Resources to provide rare earths and byproduct samples to potential customers

 

With trade tensions once again demonstrating the need for rare earths supply outside China, Commerce Resources TSXV:CCE announced plans for its advanced-stage Ashram deposit in northern Quebec. The company intends to resume pilot plant metallurgical work, provide rare earths samples to interested parties and also upgrade its potential fluorspar byproduct.

Using lab facilities in Colorado, Commerce plans to produce several kilograms of material for companies that have requested samples. The lab will also work on upgrading the deposit’s fluorspar from metallurgical grade to the usually more expensive acid grade.

An essential ingredient for coolants used in refrigerators, freezers and air conditioners, acid grade fluorspar is also integral to processing uranium and aluminum. Like rare earths, fluorspar ranks among the 35 critical minerals listed by the United States. Over 60% of 2018 global production came from China, according to U.S. Geological Survey data. NorFalco Sales, a division of Glencore Canada Corp, has requested the fluorspar sample.

The pilot plant work will complement Commerce’s pre-feasibility studies as the Ashram deposit progresses.

Using Ashram material, the Colorado plant has already produced high-grade concentrates above 45% total rare earth oxides with recovery surpassing 70%, “comparable to current and past hard rock producers,” Commerce noted.

Separate, Quebec-funded studies at l’Université Laval produced a mixed rare earth oxide concentrate from Ashram material, showing the deposit’s versatility to processing procedures.

A key advantage of Ashram lies in its carbonatite-hosted mineralization and relatively simple monazite, bastnasite and xenotime mineralogy, amenable to conventional rare earths processing.

The near-surface deposit hosts a 2012 resource estimate using a 1.25% cutoff to show:

  • measured: 1.59 million tonnes averaging 1.77% total rare earth oxides

  • indicated: 27.67 million tonnes averaging 1.9% TREO

  • inferred: 219.8 million tonnes averaging 1.88% TREO

Ashram also features strong distribution of the high-demand magnet feed elements neodymium, praseodymium, dysprosium and terbium.

In a report issued last month, Adamas Intelligence stated that permanent magnets accounted for over 90% of TREO consumption by value last year. “This share is poised to expand further as demand (and prices) for neodymium, praseodymium, dysprosium and terbium continue to rise strongly in the years ahead.”

Ashram’s distinctions suggest the project could require a relatively smaller metallurgical plant, along with potentially lower capex and opex, Commerce stated.

Last May Commerce and two Inuit organizations signed a letter of intent to ensure participation as the project moves forward.

At another critical minerals project just a few kilometres away, Saville Resources TSXV:SRE works towards a 75% earn-in from Commerce on the Niobium Claim Group. Following a spring drill program that found high-grade, near-surface niobium along with tantalum and phosphate, Saville looks forward to a Phase II campaign.

In southern British Columbia, Commerce also holds the advanced-stage Blue River tantalum-niobium deposit.

Read more about China’s dominance in global rare earths supply.

Saville Resources/Commerce Resources release niobium-tantalum-phosphate results from northern Quebec

June 13th, 2019

In three batches during early June 2019, Saville Resources TSXV:SRE and Commerce Resources TSXV:CCE released assays from the first drill program in nine years on the Niobium Claim Group in Quebec’s Labrador Trough. Saville operates the program under a 75% earn-in from Commerce, which is advancing its Ashram rare earths deposit towards pre-feasibility.

Of five holes totalling 1,049 metres, one hole was lost. The other four exceeded near-surface high grades and wide widths of historic drilling conducted between 2008 and 2010, the companies stated. Previous campaigns totalled 41 holes for 8,175 metres.

Here are highlights from the spring 2019 program. True widths weren’t provided. Fluorine results are still to come.

Hole EC19-174A

  • 0.8% Nb2O5, 81 ppm Ta2O5 and 9% P2O5 over 31.5 metres, starting at 17 metres in downhole depth
  • (including 0.98% Nb2O5, 70 ppm Ta2O5 and 10.5% P2O5 over 13.5 metres)
  • (which includes 1.13% Nb2O5, 73 ppm Ta2O5 and 10.6% P2O5 over 9 metres)
  • (which includes 1.36% Nb2O5, 70 ppm Ta2O5 and 12.3% P2O5 over 4.5 metres)
  • (and also including 1.04% Nb2O5, 136 ppm Ta2O5 and 11.9% P2O5 over 7.7 metres)

  • 0.79% Nb2O5, 163 ppm Ta2O5 and 8.1% P2O5 over 37 metres, starting at 96.5 metres
  • (including 0.95% Nb2O5, 168 ppm Ta2O5 and 8.6% P2O5 over 9.94 metres)
  • (which includes 1.01% Nb2O5, 178 ppm Ta2O5 and 9% P2O5 over 7.5 metres)
Saville Resources exceeds historic high grades for niobium-tantalum in Quebec

  • 0.67% Nb2O5, 170 ppm Ta2O5 and 9.4% P2O5 over 19.95 metres, starting at 167.52 metres

  • 0.5% Nb2O5, 70 ppm Ta2O5 and 5% P2O5 over 33.5 metres, starting at 197 metres

Hole EC19-172

  • 0.62% Nb2O5, 92 ppm Ta2O5 and 7.1% P2O5 over 19 metres, starting at 43.5 metres

  • 0.6% Nb2O5, 302 ppm Ta2O5 and 9.9% P2O5 over 7.5 metres, starting at 76 metres
  • (including 1.64% Nb2O5, 490 ppm Ta2O5 and 8.1% P2O5 over 1.5 metres)

  • 0.45% Nb2O5, 274 ppm Ta2O5 and 6.9% P2O5 over 100.84 metres, starting at 123.44 metres
  • (including 0.67% Nb2O5, 181 ppm Ta2O5 and 7.9% P2O5 over 27 metres)

EC19-173

  • 0.66% Nb2O5, 53 ppm Ta2O5 and 6.6% P2O5 over 14.5 metres, starting at 87 metres
  • (including 0.78% Nb2O5, 55 ppm Ta2O5 and 7.7% P2O5 over 8.78 metres)
  • (which includes 1.1% Nb2O5, 500 ppm Ta2O5 and 11.6% P2O5 over 1.5 metres)

  • 0.38% Nb2O5, 233 ppm Ta2O5 and 6.2% P2O5 over 26.5 metres, starting at 136.5 metres
  • (including 0.66% Nb2O5, 337 ppm Ta2O5 and 8.6% P2O5 over 4.5 metres)

  • 0.59% Nb2O5, 168 ppm Ta2O5 and 9.7% P2O5 over 7.5 metres, starting at 222 metres

EC19-171

  • 0.43% Nb2O5, 267 ppm Ta2O5 and 9.1% P2O5 over 26 metres, starting at 23 metres

  • 0.76% Nb2O5, 64 ppm Ta2O5 and 8.2% P2O5 over 7.5 metres, starting at 49 metres

  • 0.7% Nb2O5, 116 ppm Ta2O5 and 6.6% P2O5 over 38.28 metres, starting at 71.22 metres
  • (including 1.1% Nb2O5, 182 ppm Ta2O5 and 7.2% P2O5 over 5.41 metres)

  • 0.63% Nb2O5, 95 ppm Ta2O5 and 6.2% P2O5 over 34 metres, starting at 145 metres

Read more about the Saville/Commerce Niobium Claim Group project.

Towards a critical resource

June 13th, 2019

Saville Resources exceeds historic high grades for niobium-tantalum in Quebec

by Greg Klein

The project’s first drill campaign in nine years poses a big question: Why was this the project’s first drill campaign in nine years?

Saville Resources/Commerce Resources report best-yet niobium hole from Quebec critical minerals project

Saville president Mike Hodge examines
core at the Niobium Claim Group.

Even in the face of highly encouraging historic niobium-tantalum results, this program’s first hole exceeded expectations. More near-surface high grades and wide widths followed, culminating in a fourth hole that surpassed them all. Now Saville Resources TSXV:SRE looks forward to more drilling to build an inferred resource on the Niobium Claim Group in northern Quebec’s Labrador Trough.

But why the nine-year hiatus? The answer can be illustrated by Commerce Resources’ (TSXV:CCE) Ashram rare earths deposit, two kilometres away. Moving that project towards pre-feasibility took precedence, even when the company found strong niobium-tantalum intercepts on another part of its Eldor property. To give these other critical minerals their due, Commerce and Saville signed an agreement last year allowing the latter company to earn 75% of the 1,223-hectare niobium claims.

Additional high-grade boulder samples renewed interest in a number of prospective areas but Saville’s initial drill program in spring 2019 targeted Mallard, the most advanced zone with 17 historic holes totalling 4,328 metres. The new program added five holes (one hole was lost) and 1,049 metres.

“We were confident that we could improve on the historic drill results and we did that,” notes Saville president Mike Hodge.

Near-surface highlights from the best hole showed 0.8% Nb2O5 over 31.5 metres, 0.79% over 37 metres, 0.67% over 19.95 metres and 0.5% over 33.5 metres. Eleven individual samples from that hole exceeded 1%, with one sample reaching as high as 1.68% over 1.5 metres. (True widths were unknown.) Tantalum and phosphate also brought strong numbers.

A 50-metre step-out east of another of the campaign’s successful holes, 50 metres southeast of a second and 200 metres southeast of a third, EC19-174A was also proximal to impressive historic results.

Saville Resources exceeds historic high grades for niobium-tantalum in Quebec

In just a few of the recent highlights, however, EC19-173 featured 0.66% Nb2O5 over 14.5 metres. EC19-171 hit 0.7% over 38.28 metres, including 1.1% over 5.41 metres. EC19-172 reached 0.62% over 19 metres.

Among tantalum grades were 274 ppm Ta2O5 over 100.8 metres from EC19-172, and 267 ppm over 26 metres from EC19-171.

The step-outs extend Mallard’s strike 100 metres southeast and also suggest a possible northern extension towards the project’s Miranna and Spoke targets, as yet undrilled.

That’s despite very high-grade boulder samples from Miranna showing 2.75%, 4.24%, 4.3% and an exceptional 5.93% Nb2O5.

“These are still untested targets which we believe could have significantly higher grades than Mallard,” says Hodge. “But my first goal would be an inferred near-surface resource in the Mallard area.”

Contributing to that would be historic data, which includes intervals of 0.82% Nb2O5 over 21.9 metres, 0.9% over 4.8 metres and 1.09% over 5.8 metres.

In all, the Niobium Claim Group underwent 41 historic holes for 8,175 metres, with all field work since 2008 conducted by Dahrouge Geological Consulting. Saville has so far exceeded its first-year spending commitment of $750,000 out of a five-year, $5-million exploration agenda that would earn 75% of the project from Commerce.

But if Miranna’s 5.93% Nb2O5 sample looks outstanding, another boulder collected west of the project’s Northwest area soared up to 16.1%, also showing 7,540 ppm Ta2O5.

“That was the highest, but there were plenty in the 3% to 6% niobium range,” Hodge emphasizes.

Saville Resources exceeds historic high grades for niobium-tantalum in Quebec

With overlapping boulder trains on the property, “there are a few locations they could be coming from,” he adds. “But the likelihood of it coming from the Spoke or Miranna areas would be the highest probability.”

Other areas of interest include the Northwest zone, northwest of Miranna. Location of 11 historic holes totalling 2,257 metres, its results included 0.61% Nb2O5 over 12 metres.

South of Mallard, the Star Trench area has four historic holes for 664 metres, with results including 1.5% Nb2O5 and 1,810 ppm Ta2O5 over 0.52 metres, and 1.69% Nb2O5 and 2,220 ppm Ta2O5 over 0.31 metres.

Niobium and tantalum both rank on the U.S. list of 35 critical minerals. Heightened concern has brought concerted American efforts to develop reliable sources and create supply chains domestically and with allied countries. In early June the U.S. unveiled its Energy Resource Governance Initiative to work with allies as part of the president’s critical minerals strategy announced a few days earlier.

Imports provide America’s total supply of both niobium and tantalum. Niobium, used for alloys and super-alloys in jet engines, rockets and other manufactures, comes to the U.S. mostly from one company in Brazil. According to 2018 figures from the U.S. Geological Survey, Brazil mined 88.2% of global supply, while Canada extracted another 10.3%.

Tantalum finds widespread use in electronics as well as super-alloys for jet engine components. USGS numbers from last year attribute 39.5% of global supply to the Democratic Republic of Congo, 27.8% to Rwanda, 8.3% to Nigeria and 6.7% to China. Apart from security of supply, concerns about conflict minerals result from troubling conditions and murky supply routes in the DRC and Rwanda.

Meanwhile Hodge wants to get back to the field. “We made a great first step in expanding on what we had,” he says. “All of these holes ended in a mineralized zone. The reason we stopped them there was to start a near-surface inferred resource. There’s carbonatite with mineralization in niobium, tantalum and phosphate open in all directions, so the results definitely call for more drilling.”

See more highlights from the Niobium Claim Group’s spring 2019 program.

Saville Resources/Commerce Resources report best-yet niobium hole from Quebec critical minerals project

June 11th, 2019

This story has been expanded and moved here.

Update: Saville Resources/Commerce Resources hit more near-surface, high-grade niobium, with tantalum and phosphate in Quebec

June 6th, 2019

This story has been expanded and moved here.

Saville Resources/Commerce Resources hit near-surface niobium high grades, with tantalum and phosphate in Quebec

June 3rd, 2019

This story has been updated and moved here.

Commerce Resources and two Inuit corporations sign LOI to advance northern Quebec rare earths

May 15th, 2019

by Greg Klein | May 15, 2019

Commerce Resources and two Inuit corporations sign LOI to advance northern Quebec rare earths

The parties consider Inuit involvement critical to this critical minerals project.

 

While a project that would provide essential raw materials continues towards pre-feasibility, a letter of intent ensures Inuit participation, the signatories announced May 15. The Nayumivik Landholding Corporation of Kuujjuaq and the Makivik Corporation signed the LOI with Commerce Resources TSXV:CCE regarding the Ashram rare earths deposit in arctic Quebec’s Nunavik region.

The letter marks “a first for Nunavik mining development, specifically for a pre-development project,” said Maggie Emudluk, Makivik VP of economic development. The LOI ensures “Inuit will be directly involved upstream in any discussions and proposed planning of this project. They will also be enabled to provide insights and share concerns during the progression of the project. Makivik is pleased that the LOI is in accordance with the Nunavik Inuit Mining Policy objectives that look forward to establishing clear lines of communication with the industry.”

Commerce Resources and two Inuit corporations sign LOI to advance northern Quebec rare earths

The Nunavik Mineral Exploration Fund held the recent
Nunavik Mining Workshop to discuss the region’s
mineral potential as well as its rich culture.

With one of the most advanced deposits outside China hosting these elements deemed critical by the U.S., Ashram shows favourable metallurgy as well as grade. The project’s rare earths occur within carbonatite host rock and the minerals monazite, bastnasite and xenotime, which are familiar to commercial REE processing. Near-surface mineralization further optimizes potential cost advantages.

Using a base case 1.25% cutoff, a 2012 resource shows:

  • measured: 1.59 million tonnes averaging 1.77% total rare earth oxides

  • indicated: 27.67 million tonnes averaging 1.9% TREO

  • inferred: 219.8 million tonnes averaging 1.88% TREO

The deposit also features some of the most sought-after REEs, with a strong distribution of neodymium, europium, terbium, dysprosium and yttrium. Metallurgical tests also show potential for a fluorspar byproduct.

“We look forward to working closely with Commerce and Makivik Corporation to implement the LOI during the pre-development phase of the proposed Ashram deposit,” commented Sammy Koneak, Nayumivik Landholding president. “We are confident that continued communication between the parties under the terms and spirit of the LOI will result in ongoing respect for our rights and our environment.”

Commerce president Chris Grove heralded the LOI as “a milestone that speaks to the cooperation between all parties— a document that recognizes the primacy of the James Bay Agreement, the practicalities of advancing our Ashram deposit through the next few years of development, the practicalities of getting our material to world markets, and the best way to achieve our collective goals of a new producing mine in Nunavik through the cooperation of the Inuit and Commerce towards our mutual benefit. We look forward to this future with the Inuit in Nunavik.”

The urgency of securing rare earths and other critical minerals has been recognized in a number of American government initiatives. This week the U.S. exempted rare earths and other critical minerals from tariffs imposed on China, emphasizing America’s reliance on a trade war enemy for commodities essential to the economy and defence. Last week a bipartisan group of U.S. senators proposed legislation to reduce their country’s reliance on unreliable sources of critical minerals.

Looking at other critical minerals, Commerce holds the Niobium Claim Group just a few kilometres from Ashram. Working towards a 75% earn-in, Saville Resources TSXV:SRE awaits assays from this year’s spring drill program. Previous intervals of near-surface, high-grade niobium along with tantalum support the company’s optimism.

Commerce also holds the Blue River tantalum-niobium deposit in southern British Columbia, which reached PEA in 2011.