Sunday 23rd October 2016

Resource Clips

Posts tagged ‘Sandstorm Gold Corp (SSL)’

Appointments, consultation advance Dunnedin Ventures’ diamond deposit

July 12th, 2016

by Greg Klein | July 12, 2016

With the goal of unearthing more Nunavut diamonds, Dunnedin Ventures TSXV:DVI announced new directors and positive community engagement on July 12. Claudia Tornquist joins the board after having been a technical adviser to the company since 2015. She’s also served as a Rio Tinto NYSE:RIO general manager, working on diamond projects in Canada and Australia. As executive VP for business development with Sandstorm Gold TSX:SSL, she helped finance juniors with streaming, equity and debt. Tornquist also sits on the board of Kennady Diamonds TSXV:KDI.

Appointments, consultation advance Dunnedin Ventures’ diamond deposit

Dunnedin expects to release last year’s sampling results soon.

Also joining Dunnedin’s board is geologist Chad Ulansky, whose experience in 15 countries includes participation in Ekati, Canada’s first big diamond discovery. He’s currently president/CEO of Metalex Ventures TSXV:MTX and Cantex Mine Development TSXV:CD, as well as a director for several public and private explorers. Along with Dunnedin adviser Chuck Fipke, Ulansky guided the company’s 2015 till sampling program on the Kahuna project, about 25 kilometres from the hamlet of Rankin Inlet on Hudson Bay’s northwestern shore. Those results are expected soon.

Dunnedin also reported the Chesterfield Inlet Community Lands and Resource Committee endorsed the company’s future exploration plan with two provisions. Under the agreement, Dunnedin would integrate community knowledge into its work to minimize effects on wildlife and help the Kivalliq Inuit Association clean up an exploration site abandoned by Shear Minerals. “While not on the Kahuna project claims, the camp is a concern for many local residents and Dunnedin has formally offered assistance with the KIA’s upcoming clean-up efforts,” the company stated.

The KIA granted Dunnedin a staking and prospecting permit valid through 2018, the company added. Dunnedin’s permit from Indigenous and Northern Affairs Canada remains valid until 2017. Following community input, the company will submit an amended application for bulk sampling and drilling beyond 2017 and 2018 to the Nunavut Impact Review Board.

The project hosts a January 2015 inferred resource for the Kahuna and Notch dykes, 12 kilometres apart:

  • Kahuna (+0.85 mm cutoff): 3.06 million tonnes averaging 1.04 carats per tonne for 3.19 million carats
  • (+1.18 mm cutoff): 0.8 ct/t for 2.45 million carats

  • Notch (+0.85 mm cutoff): 921,000 tonnes averaging 0.9 ct/t for 829,000 carats
  • (+1.18 mm cutoff): 0.83 ct/t for 765,000 carats

  • Total (+0.85 mm cutoff): 3.99 million tonnes averaging 1.01 ct/t for 4.02 million carats
  • (+1.18 mm cutoff): 0.81 ct/t for 3.22 million carats

Both kimberlites remain open along strike and at depth. The property holds six other diamond-bearing kimberlites.

In March the company announced recovery of 36 commercial-sized diamonds from a 2.4-tonne Notch sample that was about 40% complete. Late last year an 820-kilogram sample from the project’s PST kimberlite revealed 96 commercial-sized stones.

Read more about Dunnedin Ventures.

Read more about Canadian diamond projects.

See Chris Berry’s research report on long-term diamond demand.

Luna, Sandstorm report Brazil Gold Assays of 33.63 g/t over 13m

November 7th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningLuna Gold Corp TSXV:LGC and Sandstorm Gold Ltd TSXV:SSL announced results from the Piaba Deposit of Luna’s Aurizona Gold Project in northeastern Brazil. Highlights include

33.63 g/t gold over 13 metres
(including 104.83 over 4 metres)
3.87 g/t over 50 metres
(including 8.47 g/t over 7 metres)
2.46 g/t over 68 metres
(including 6.02 g/t over 11 metres)
2.65 g/t over 31 metres
(including 6.32 g/t over 1 metre)
1.93 g/t over 32 metres
(including 3.18 g/t over 8 metres)
1.75 g/t over 32 metres
(including 3.1 g/t over 12 metres)

Aurizona is 100% owned and operated by Luna. Sandstorm may purchase 17% of Aurizona’s life-of-mine gold at a per-ounce price equal to the lesser of $400 or the prevailing market price.

Luna President/CEO John Blake remarked, “The 40,000-metre drill program is now complete and we are on track to finalize the NI 43-101 resource update in early December 2011. These recent results are excellent in both grade and width, which are significantly above the 1.36 g/t gold average grade of the current NI 43-101 reserve. In addition most of the holes reported here are new discoveries along eastern and western strike extensions to the Piaba Deposit that lie outside the boundary of the 2009 resource update. We are strongly positioned to increase the company’s gold resources through upgrading inferred resources to the measured and indicated categories and by the addition of new ounces at depth and along strike.”

View Company Profile

Luna Gold Corp
Investor Relations

Sandstorm Gold Ltd
Nolan Watson
or Denver Harris
Investor Relations

by Greg Klein

Luna reports Brazil Gold Assays up to 4.15 g/t over 55m

April 18th, 2011

Luna Gold Corp TSXV:LGC announced drill results from the Piaba Gold Deposit of the Aurizona Mine project in Maranhao State, Brazil. Assays include 4.15 g/t gold over 55 metres (including 20 g/t over 1 metre), 2.5 g/t over 21 metres (including 5.21 g/t over 8 metres) and 2.53 g/t over 29 metres (including 57 g/t over 0.5 metres). In accordance with its gold purchase agreement with Luna, Sandstorm Gold Corp TSXV:SSL is entitled to purchase 17% of the life of mine gold produced from the Aurizona Mine at a per ounce price equal to the lesser of US$400 and the then prevailing market price.

President/CEO John Blake stated, “We are again pleased with the level of consistency in our drill results that demonstrate the strike and depth continuity of the ore body. Consistent mineralization along strike and at depth is encouraging for our objective to increase gold ounces in our resource. These excellent results give a high level of confidence in the resource upgrade planned for Q4 2011.”

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Luna Gold Corp

by Ted Niles