Monday 17th December 2018

Resource Clips


Posts tagged ‘Saville Resources Inc (SRE)’

Niobium-tantalum in Quebec

December 5th, 2018

Successful sampling readies Saville Resources to drill for critical metals

by Greg Klein

“Building momentum” is the way Saville Resources TSXV:SRE president Mike Hodge puts it. Steady progress, shown most recently through another encouraging sampling program, puts the company’s early-stage niobium-tantalum project in Quebec on track for drilling this winter. Assays so far have the company hopeful about proving up a maiden resource in this mining-friendly jurisdiction next door to a country increasingly concerned about sourcing critical metals.

Successful sampling readies Saville Resources to drill for critical metals

Conducted by Dahrouge Geological Consulting, the fall
program brought the Niobium claim group to drill-ready status.

The autumn field program met all of its objectives, Hodge enthuses. Twenty-two boulder samples surpassed 0.7% Nb2O5, with 14 of them exceeding 0.8% and one peaking at 1.5%. Tantalum made its presence known too. Those same 14 niobium samples also graded between 160 ppm and 1,080 ppm Ta2O5.

The project gained yet another target, where boulders reached 0.88% and 1.28% Nb2O5. A ground magnetics survey highlighted the prospectivity of the Moira area, already the location of exceptionally high-grade samples. In all, the results show a drill-ready project that should see action this winter.

Saville holds a 75% earn-in from Commerce Resources TSXV:CCE on the Niobium claim group, a 1,223-hectare package on the latter company’s Eldor property in Quebec. Just a few kilometres from the Niobium project and with obvious synergistic potential for Saville, Commerce has its Ashram rare earths deposit moving towards pre-feasibility. All this takes place in a province that demonstrates its support for mining through a number of initiatives, including direct investment and the Plan Nord infrastructure program. The northeastern Quebec region has two treaties in place that clearly define procedures for native consultation. Saville’s three-quarters stake in the Niobium claim group calls for $5 million in work over five years.

A 43-101 technical report filed in September followed field programs by previous companies including 41 holes totalling 8,175 metres drilled by Commerce. In addition to niobium-tantalum, the report noted phosphate and fluorspar as potential secondary commodities.

Some of the standout results from previous sampling came from the property’s as-yet undrilled Miranna area, where boulder samples graded as high as 2.75%, 4.24%, 4.3% and an exceptional 5.93% Nb2O5.

Other locations have been drilled, but not since 2010. Some 17 holes and 4,328 metres on the Southeast area brought near-surface highlights that include:

  • 0.82% Nb2O5 over 21.89 metres, starting at 58.93 metres in downhole depth

  • 0.72% over 21.35 metres, starting at 4.22 metres
  • (including 0.9% over 4.78 metres)

  • 0.72% over 17.35 metres, starting at 70 metres

  • 0.71% over 15.33 metres, starting at 55.1 metres

True widths were unavailable. Southeast results also showed tantalum and phosphate, as well as suggesting a possible fluorspar zone.

A wide, near-surface interval from the Northwest area showed:

  • 0.46% Nb2O5 over 46.88 metres, starting at 30.65 metres
  • (including 0.61% over 11.96 metres)
Successful sampling readies Saville Resources to drill for critical metals

Surface outcrops and near-surface core
produce encouraging grades for Saville Resources.

As in the Southeast, the Northwest area showed encouraging signs of tantalum and phosphate. But tantalum came through most strongly in the property’s Star Trench area, with results as high as 1,810 ppm Ta2O5 (with 1.5% Nb2O5) over 0.52 metres, as well as 2,220 ppm Ta2O5 (with 1.69% Nb2O5, and phosphate grading 20.5% P2O5) over 0.31 metres.

Another area gains greater prominence too, thanks to this autumn’s ground magnetics survey. A strong anomaly at the Moira target, about 250 metres north of Miranna, coincides with several overlapping boulder trains that suggest Moira could be one of several possible sources of mineralization.

And a new, yet-to-be-named area gave up two of the fall program’s best assays. About 400 metres south of the drill area, the new target produced boulder samples hitting 1.28% Nb2O5 and 260 ppm Ta2O5, along with 0.88% Nb2O5 and 1,080 ppm Ta2O5.

Intriguingly, glacial ice suggests the two rocks, found about 100 metres apart, originated in an area farther southeast that’s had very little attention so far.

Saville also holds the 3,370-hectare Covette project in Quebec’s James Bay region, where last summer’s field program found surface samples including 1.2% zinc and 68.7 g/t silver. Three other samples returned nickel values ranging from 0.13% to 0.19%.

Work focused on a highly conductive area identified by a 2016 VTEM survey. Samples gathered in 2017 included grades of 0.18% nickel, 0.09% copper and 87 ppm cobalt. One historic, non-43-101 grab sample brought 4.7% molybdenum, 0.73% bismuth, 0.09% lead and 6 g/t silver, while another historic sample returned 1.2 g/t silver and 0.18% copper.

As for niobium, it’s considered a critical metal by the American government for its use in steels and super-alloys necessary for jet engine components, rocket sub-assemblies, and heat-resisting and combustion equipment, according to the U.S. Geological Survey. Almost 90% of last year’s world production came from Brazil, where new president Jair Bolsonaro has expressed concern about increasing Chinese ownership of resources.

Also a component of military super-alloys, tantalum additionally plays a vital role in personal electronics including phones and computers. The U.S. imports its entire supply of tantalum. About 60% of last year’s world production came from the troubled countries of Rwanda and the Democratic Republic of Congo.

With the advantages of markets, jurisdiction and geology, Hodge looks forward to winter drilling. “We’ve now got about 20 targets that we can go after,” he says. “One priority would be to define the Southeast area because we’ve got such good niobium numbers there. On getting a potential inferred resource, we’d go after Miranna or Moira and the untested targets. We’re looking forward to a busy, productive season.”

Read more about U.S. efforts to secure critical minerals here and here.

Saville Resources president Mike Hodge discusses the fall field program on the company’s niobium-tantalum project in Quebec

October 30th, 2018

…Read more

Saville Resources mobilizes for niobium-tantalum field work in northern Quebec

September 25th, 2018

by Greg Klein | September 25, 2018

Encouraging assays and heightening concern for critical minerals bring an exploration team back to Saville Resources’ (TSXV:SRE) Niobium claim group in Quebec’s Labrador Trough region. The program follows earlier drilling as well as more recent niobium-tantalum boulder samples that reached as high as 4.3% Nb2O5 and 700 ppm Ta2O5. With work carried out by Dahrouge Geological Consulting, the autumn agenda calls for prospecting and ground geophysics to identify future drill targets.

Saville Resources mobilizes for niobium-tantalum field work in northern Quebec

A view from a ridge on Saville Resources’ Niobium claim
group, now progressing towards an updated geological model.

The 1,223-hectare project sits on the Eldor property which also hosts Commerce Resources’ (TSXV:CCE) Ashram rare earths deposit, now moving towards pre-feasibility. Under an agreement with Commerce, Saville may earn 75% of the Niobium claim group. The company has two weeks planned for the current campaign.

A 43-101 technical report filed earlier this month “concludes there is a ‘strong potential for carbonatite-hosted niobium-tantalum deposit(s) of significance’,” noted president Mike Hodge. “Discoveries start with boots on the ground and we look forward to following this work up with an aggressive and targeted drill campaign to further unlock this potential.”

Among places slated for ground magnetics is the Southeast area, where mineralization is often associated with magnetite. Prospecting will focus on relatively untouched areas but also the vicinity of drill programs dating to 2008 and 2010. Hole EC10-033 returned 0.72% Nb2O5 and 145 ppm Ta2O5 over 21.35 metres, starting just below overburden at 4.22 metres’ depth. The same hole also delivered 0.82% Nb2O5 over 21.89 metres starting at 58.9 metres.

The shallow intersections “indicate that strong mineralization extends to surface in the immediate area,” the company stated. “In terms of ground follow-up, there is a sizable corridor to the south of EC10-033 that has not been traversed and is therefore a high-priority area for assessment.”

Results from the program will help update the Southeast area’s geological model, which currently dates to 2010 despite an improved understanding of the Eldor complex. A partial photo re-log of the core, a revised rock classification scheme, geophysical results and other data will delineate future drill targets.

Reporting from Quebec’s James Bay region last month, Saville announced a new zinc-silver-nickel zone at surface on the company’s Covette property. Sampling took place along an area hosting strong magnetic anomalies and several EM conductors, with one sample grading 1.2% zinc and 68.7 g/t silver, and three others ranging from 0.13% to 0.19% nickel.

Also last month Saville closed an $877,700 first tranche of a private placement offered in July up to $2 million.

Read more about Saville Resources.

Commerce Resources’ rare earths metallurgy moves forward amid heightened supply concerns

August 20th, 2018

by Greg Klein | August 20, 2018

In an update on tests conducted by l’Université Laval, Commerce Resources TSXV:CCE reports another stage of progress with completion of crushing, grinding and large-scale flotation. About 1.5 tonnes of material were processed from the company’s Ashram deposit in northern Quebec, now moving towards pre-feasibility. With results meeting expectations, the project advances to a pilot-level hydrometallurgical component.

Commerce Resources’ rare earths metallurgy moves forward amid heightened concern for RE supply

Last month Commerce announced an important milestone in producing Ashram’s first concentrate of mixed rare earth oxides, showing the deposit’s amenability to different flowsheet approaches.

Laval’s next stage will use flotation concentrate to produce a purified solution containing rare earth elements, which will then be separated into light, medium and heavy rare earths. At the same time, the solution composition will be used to assess a solvent extraction separation pilot circuit using a software model simulator developed by the university. Results will allow further assessment of the economics of separating Ashram’s REEs into individual rare earth oxides.

Funding for the project comes through a $365,000 grant from Quebec’s ministère de l’Économie, de la Science et de l’Innovation.

As work continues, geopolitical developments bring increasing concern about rare earths supply. Trade hostilities between the U.S. and China have led to speculation about how the latter country, by far the world’s biggest rare earths producer, will use its resources as a weapon.

This year the U.S. included rare earths in a list of 35 minerals deemed essential to the country’s economy and defence, as part of a strategy to encourage production of critical minerals at home and among allied countries.

The list also includes tantalum and niobium, which Commerce has delineated at its advanced-stage Blue River project in east-central British Columbia. Back in Quebec, a few kilometres from Ashram, the company also holds an early-stage high-grade niobium project that’s conditionally subject to a 75% earn-in by Saville Resources TSXV:SRE.

Read more about Commerce Resources.

Saville Resources discovers new zinc-silver-nickel zone at surface in Quebec

August 8th, 2018

by Greg Klein | August 8, 2018

A property with limited exploration but encouraging geophysics shows further promise following a recent field program. Of eight surface samples collected by Saville Resources TSXV:SRE on its 3,370-hectare Covette project in Quebec’s James Bay region, one returned 1.2% zinc and 68.7 g/t silver, while three others assayed between 0.13% and 0.19% nickel.

Saville Resources discovers new zinc-silver-nickel zone at surface in Quebec

Saville Resources now plans trenching and channel
sampling to follow Covette’s grab sample assays.

Sampling took place along a visible strike of about 200 metres directly above an area of high conductivity found by a 2016 VTEM program that spotted several EM conductors coinciding with strong magnetic anomalies.

Underlying the region is a greenstone belt “comprised of various mafic to ultramafic rock units considered prospective for base and precious metals (nickel-copper-cobalt-platinum group elements-gold-silver), as well as pegmatite-hosted rare metals (lithium-tantalum),” Saville reported. “Komatiites have also been described in the region with such rock types known to host significant nickel-copper massive sulphide deposits at other localities globally, adding further to the prospective nature of the region.”

A sampling program in 2017 brought 0.18% nickel, 0.09% copper and 87 ppm cobalt. One historic, non-43-101 grab sample returned 4.7% molybdenum, 0.73% bismuth, 0.09% lead and 6 g/t silver. Another historic sample showed 1.2 g/t silver and 0.18% copper.

Further plans include follow-up trenching and channel sampling. Saville filed a 43-101 technical report on the property and closed its 100% acquisition in June.

Covette sits about 190 kilometres east of the town of Radisson and 10 kilometres north of the all-weather Trans-Taiga road and the adjacent hydro-electricity transmission line.

In another northern Quebec project, Saville has a 43-101 technical report underway for the Miranna claims situated on the Eldor property that hosts Commerce Resources’ (TSXV:CCE) advanced-stage Ashram rare earths deposit. Saville would acquire a 75% earn-in subject to exchange approval. In April the companies released niobium-tantalum boulder sample grades as high as 4.3% Nb2O5 and 700 ppm Ta2O5.

Last month Saville offered two private placements totalling up to $2 million.

Read more about Saville Resources.

Commerce Resources reaches key milestone with mixed rare earths concentrate from Quebec

July 24th, 2018

by Greg Klein | July 24, 2018

Ongoing metallurgical work at l’Université Laval has so far accomplished a number of goals while helping Commerce Resources’ (TSXV:CCE) Ashram deposit move towards pre-feasibility. Researchers found success in their primary task of validating new software for REE separation but met other goals as well.

Commerce Resources reaches key milestone with mixed rare earths concentrate from Quebec

“The rapid progress of this collaboration now includes the first-ever mixed rare earth oxide concentrate produced from Ashram deposit material,” said Commerce president Chris Grove. “This is a key milestone for the advancement of the project. This test work has demonstrated again the versatility of the Ashram deposit to be processed by a number of different flowsheet approaches.”

Laval’s team achieved bench scale production of mixed light rare earths oxide and mixed LRE/samarium, gadolinium and europium/heavy rare earths oxide.

Previous work produced over 45% rare earths oxide, among the highest-grade concentrates for RE development projects and comparing favourably with operating mines, Commerce reported. “This is a direct result of the simple rare earth and gangue mineralogy of the Ashram deposit…. This versatility in processing approaches lends itself to more cost-effective methods to be incorporated into the final flowsheet to achieve the same products and quality desired.”

Laval achieved recovery rates of 60% to 65% for several light rare earths, while modifications are anticipated to bring further improvement.

The work also validated the university’s software, as results closely matched the simulator’s predictions. Using another 1.5 tonnes of Ashram material, the lab team will conduct tests at the larger pilot scale level, comparing its results with those of the simulator and further assessing the economics of REE separation into individual rare earth oxides.

The software is intended to reduce processing delays and costs, as well as predict results for processing changes. The software might also determine process optimization that considers current REE prices.

The studies get financial support through a $365,000 grant from Quebec’s ministère de l’Économie, de la Science et de l’Innovation.

Last month Commerce reported positive results from advanced tailings optimization tests conducted by a branch of l’Université du Québec. Additional provincial funding supports that research. The company also received government support from a $1-million investment by Ressources Québec last year.

The Commerce portfolio also includes the advanced-stage Blue River tantalum-niobium project in British Columbia and, a few kilometres from Ashram, an early-stage high-grade niobium project that’s conditionally subject to a 75% earn-in by Saville Resources TSXV:SRE.

Read more about Commerce Resources.

Saville Resources closes Quebec nickel-copper-cobalt acquisition, files 43-101, readies summer program

June 26th, 2018

by Greg Klein | June 26, 2018

An undrilled property with encouraging geophysical results will undergo a summer field program, now that Saville Resources TSXV:SRE has finalized its acquisition of the James Bay-region Covette project. A 1,402-line VTEM survey from 2016 outlined at least six areas of high conductivity on the 3,315-hectare property, with one zone extending southeast about 4.5 kilometres and another trending northeast. Those areas “need to be evaluated,” stated a 43-101 technical report filed this month.

Saville Resources closes Quebec nickel-copper-cobalt acquisition, files 43-101, readies summer program

A pegmatite ridge on Saville Resources’ Covette
project, which now has Phase I field work planned.

Sampling conducted last year showed 0.18% nickel, 0.09% copper and 87 ppm cobalt, but the field program wasn’t sufficient to explain the source of the VTEM anomalies, which may indicate a source at depth, the company stated.

An historic, non-43-101 sample assayed 4.7% molybdenum, 0.73% bismuth, 0.09% lead and 6 g/t silver. Another brought 1.2 g/t silver and 0.18% copper.

A Phase I field program recommended by the technical report would include detailed mapping and sampling in areas of high-conductivity, channel sampling and further geophysics. The project sits about 10 kilometres north of the all-weather Trans-Taiga road and adjacent transmission line.

Meanwhile work continues on another Quebec acquisition as Saville prepares a 43-101 technical report on the Miranna claims, located on the Eldor property that hosts Commerce Resources’ (TSXV:CCE) advanced-stage rare earths deposit. In April the companies reported assays as high as 4.3% Nb2O5 and 700 ppm Ta2O5, results in line with previous high grades. Subject to exchange approval, Saville would acquire a 75% earn-in on Miranna.

Read more about Saville Resources.

Update: Quebec government, universities contribute to pre-feas studies for Commerce Resources’ Ashram rare earths project

June 5th, 2018

by Greg Klein | Updated June 5, 2018

With financial support from the Quebec government and academic expertise from two universities, Commerce Resources TSXV:CCE announced progress on the pre-feasibility studies underway for the Ashram rare earths deposit.

On June 5 the company reported positive results from advanced tailings optimization tests conducted by le Centre Eau Terre Environnement of l’Institut national de la recherche scientifique, a branch of l’Université du Québec. Now in the second year of a three-year project, the work gets funding from les Fonds de recherche du Québec—Nature et technologies and le ministère de l’Énergie et des Ressources naturelles. The lab work found no serious concerns, no acid generating potential and “strong indications of no metal-leaching potential,” Commerce stated.

The positive outcome benefited from “the inherent low-sulphide and non-acidic nature of the carbonatite host rock,” said company president Chris Grove.

The program also looked at the mineralogy of an Ashram fluorspar concentrate, a potential byproduct of the deposit. Initial findings brought “very encouraging” signs that recovery of monazite grains could upgrade the purity of the fluorspar concentrate and potentially increase the overall recovery of rare earth elements into the primary rare earth concentrate, Commerce added.

The news follows a May 31 annnouncement that l’Université Laval will conduct pilot plant metallurgical tests on Ashram material in a program backed by a $365,000 grant from le ministère de l’Économie, de la Science et de l’Innovation.

Quebec government funds metallurgical studies on Commerce Resources’ rare earths

Laval’s coat of arms: Total funding ranks
the school sixth out of Canada’s top 50
research universities.

Focusing on hydrometallurgical extraction of REEs and the use of new software to simulate their separation, the project will further develop Quebec expertise in REE separation and assess the economics of performing that work in the province. Results would help develop an alternative source of rare earths for global markets.

The work takes place as heightened awareness of critical minerals comes from an American strategy to reduce reliance on potentially unstable or unfriendly countries.

Both the hydromet process and simulator software have been tested in bench scale studies. Results brought recoveries surpassing 85% and showed positive correlation with the computer-simulated data. The current project further develops these studies at the pilot plant level.

With approximately two tonnes of Ashram material to work on, the project takes place at the SGS lab in Quebec City. The goal is to produce a high-grade concentrate, then a solution for partial separation into light, medium and heavy rare earth elements.

Beneficiaries of the project will be Quebec R&D and industry, as well as Commerce’s Ashram deposit as it progresses towards pre-feasibility. Previous government support for Ashram came from Ressources Québec, which invested $1 million in the company’s February 2017 private placement.

Looking at other critical minerals in safe jurisdictions, Commerce also holds the advanced-stage Blue River tantalum-niobium project in British Columbia, as well as an early-stage high-grade niobium prospect, conditionally subject to an earn-in by Saville Resources TSXV:SRE, on the Eldor property that hosts Ashram.

Read more about Commerce Resources.

Quebec government funds metallurgical studies on Commerce Resources’ rare earths

May 31st, 2018

This story has been updated and moved here.

Commerce Resources sees additional opportunity in U.S. critical minerals strategy

May 22nd, 2018

by Greg Klein | May 22, 2018

Taking another step to enhance national security, the U.S. Department of the Interior has formally accepted a draft list of 35 minerals deemed critical to the American economy and defence. Resulting from a presidential order to reduce reliance on essential raw materials from potentially unreliable or unfriendly sources, the list received 453 public comments after being compiled by the U.S. Geological Survey. The agenda now moves to the strategy stage, with a final report expected by August on approaches to cut dependence. Topics will include:

Commerce Resources sees additional opportunity in U.S. critical minerals strategy

  • the status of recycling technologies

  • alternatives to critical minerals

  • options for accessing critical minerals from allies and partners

  • a plan to improve geological mapping in the U.S.

  • recommendations to streamline lease permitting and review processes

  • ways to increase discovery, production and domestic refining of critical minerals

The Americans’ heightened interest in sourcing these necessities from allies and partners brings to mind companies like Commerce Resources TSXV:CCE, which has two advanced-stage Canadian properties hosting four critical minerals. At the company’s northern Quebec Eldor property, Commerce undertakes pre-feasibility studies on the Ashram deposit, hosting a rare earths resource with fluorspar byproduct potential. In central British Columbia, the company holds the Blue River tantalum-niobium deposit. Those two metals are also the subject of early-stage exploration on Eldor, a few kilometres from Ashram.

“Ultimately, what’s obvious from this critical minerals list is the U.S. government’s interest in cutting the Chinese umbilical cord,” points out company president Chris Grove. “A commonality that we at Commerce keep hearing is anxiety from companies in all of the major markets outside China—Japan, Korea, Germany, Austria, the U.S., France—companies in all these countries are concerned about future supplies of these commodities and they don’t want to have to depend on them from China. Essentially, the theme of this critical commodities list is getting it from somewhere besides China.”

And although China looms large, it’s not the only source of dubious reliability.

“There’s a huge increase in risk once you step outside North America. With our locations, we definitely benefit from that negation of jurisdictional risk.”

Mineralogy reduces another category of risk. “Looking at the specifics of our projects, both Ashram and Blue River are processed very positively with standard techniques,” Grove adds. “We’re not re-creating the wheel here, we’re not re-splitting the atom. Well-understood metallurgical processes work on both of our projects.

“Meanwhile we have ongoing optimization work on Ashram and also on the flowsheet for Blue River and there will be more data released in a timely manner on these potential successes.”

The company has early-stage prospects too, emphasized by especially high-grade niobium, along with tantalum, on the Miranna claims. Located on the same Eldor property hosting Ashram, the project has a 43-101 technical report now nearing completion. Subject to exchange approval, Miranna would then come under a 75% earn-in by Saville Resources TSXV:SRE.

USGS data accentuates American reliance on foreign sources for Commerce’s four minerals. Data from 2013 to 2016 shows the U.S. imported 78% of its rare earths from China, with much of the other 22% originating in Chinese-produced concentrates. China produced only 8% of American fluorspar imports, but Mexico supplied 71%. U.S. imports of tantalum minerals came 40% from Brazil and 26% from Rwanda, while America’s tantalum metal originated 23% in China and 12% in Kazakhstan. An overwhelming 72% of niobium, a crucial component to military, infrastructure and other uses, came from Brazil—most of it from a single company.

Read more about Commerce Resources here and here.