Tuesday 22nd September 2020

Resource Clips


Posts tagged ‘tantalum’

Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project

September 10th, 2020

by Greg Klein | September 10, 2020

Saville Resources, Commerce Resources find increased fluorspar mineralization in re-assayed core from Quebec niobium-tantalum project

A map approximates the fluorspar mineralized
trend found within the property’s wider niobium trend.

 

By focusing on some critical minerals another was neglected, these companies realized. Already aware of niobium, tantalum and phosphate, Saville Resources TSXV:SRE re-assayed core extracted last year and in 2008 on northern Quebec’s Niobium Claim Group project. The area in focus was the property’s Mallard prospect.

Located two kilometres from Commerce Resources’ (TSXV:CCE) advanced-stage Ashram rare earths-fluorspar deposit, Saville operates the earlier-stage, 1,223-hectare Niobium Claim Group on a 75% earn-in from Commerce.

Originally, only the highest-grade intervals were assayed for fluorine. But a review of two programs of historic drilling and Saville’s own 2019 Phase I campaign outlined a previously under-rated fluorspar trend within the project’s niobium trend. 

Saville Resources, Commerce Resources find increased fluorspar mineralization in re-assayed core from Quebec niobium-tantalum project

Fluorspar shows its true colours in this 2008 core.

A second look at selected intervals supports that analysis. The re-assayed intervals confirm “a broad and extensive fluorspar mineralized trend at Mallard, which extends for at least 600 metres along strike and is open to the northwest, southeast, down-dip, and is interpreted to continue to surface,” the companies stated. “The trend remains to be delineated significantly outside of the core Mallard area.”

One 2008 intercept originally graded 30.7% CaF2 over 22.3 metres. New assays show that interval to be part of a wider zone grading 21.5% over 38.6 metres. Additionally, the intercept shows niobium, tantalum and phosphate at moderate grades of 0.36% Nb2O5, 103 ppm Ta2O5 and 5.3% P2O5.

Another 2008 hole hadn’t previously been assayed for fluorspar. It now shows 8% CaF2 over 47.2 metres, including 23.6% over five metres.

A 2019 hole reached 8.4% CaF2, 0.36% Nb2O5, 122 ppm Ta2O5 and 5.4% P2O5 over 22.5 metres, including 11.9% CaF2 over six metres. This interval extends at depth a 2010 hole that assayed 14.8% CaF2 over 6.2 metres. These results suggest continuation northwest along strike.

Another 2019 hole now shows 8.5% CaF2 over six metres.

True widths were unavailable.

Saville plans a 3D model of the trend to locate targets where high-grade fluorspar-bearing carbonatite might overlap with high-grade niobium-bearing carbonatite.

Fluorspar, niobium, tantalum and rare earths all appear on the U.S. list of 35 critical minerals. Along with phosphate rock, they also make the recently released EU list of 30 critical raw materials. In June Canada and the U.S. reaffirmed their commitment to the Joint Action Plan on Critical Minerals Collaboration announced in January, which would encourage investment and development for North American mining projects and supply chains.

As part of the EU plan to secure critical materials, this week the European Commission stated that “pilot partnerships with Canada, interested countries in Africa and the EU’s neighbourhood will start as of 2021.”

European Union looks to Canada and others for critical minerals supply

September 4th, 2020

by Greg Klein | September 4, 2020

The EU’s newly released 10-point critical raw materials action plan calls for development of European supplies and supply chains, as well as further re-use and recycling. But for those materials not found on the continent, the European Commission says, “pilot partnerships with Canada, interested countries in Africa and the EU’s neighbourhood will start as of 2021. In these and other fora of international co-operation, the commission will promote sustainable and responsible mining practices and transparency.”

European Union looks to Canada and others for critical minerals supply

The commission made the proclamation September 3 as part of its Green Deal, a program to achieve a climate-neutral, digital economy and “stronger Europe.” As has been the case in the U.S. over the last four years, the continent has been expressing increasing concern about security of supply for necessary resources. The EU also released an updated list of critical raw materials, the first since 2017.

Using the same methodology that emphasizes economic importance and supply challenges, the new list numbers 30, compared with 27 in 2017. Added for the first time are lithium, bauxite, titanium and strontium. Helium was dropped due to a decline in economic importance.

Heavy rare earths, light rare earths and scandium rate three separate categories. Also included are critical standbys like niobium, tantalum, fluorspar, cobalt and platinum group metals. Not exclusive to minerals, the list includes natural rubber.

Coking coal, phosphorus and silicon metal ranked among EU choices that didn’t make the most recent (from 2018) U.S. list of 35 critical minerals. Some other American exclusives not listed by the EU are helium, manganese, potash and chromium.

The commission referenced World Bank data showing “demand for metals and minerals increases rapidly with climate ambition. The most significant example of this is electric storage batteries, where the rise in demand for relevant metals aluminium, cobalt, iron, lead, lithium, manganese and nickel would grow by more than 1,000% by 2050 under a 2°C scenario, compared to a business-as-usual scenario.”

The commission’s Maroš Šefčovič added, “For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050.”

Supply security can be jeopardized by reliance on a single country or company, the commission warned. “China provides 98% of the EU’s supply of rare earth elements, Turkey provides 98% of the EU’s supply of borate, and South Africa provides 71% of the EU’s needs for platinum and an even higher share of the platinum group metals iridium, rhodium and ruthenium. The EU relies on single EU companies for its supply of hafnium and strontium.”

The commission’s specific mention of Canada as a preferred supply source follows the Joint Action Plan on Critical Minerals Collaboration that the U.S. and Canada announced in January and reaffirmed last June.

Meet the Zimtu teams

September 3rd, 2020

Eight companies offer eight opportunities at one online event

by Greg Klein | September 3, 2020

Eight companies offer eight opportunities at one online event

 

Their projects span early exploration to advanced development. Their goals include base, precious and critical minerals, but also extend to technology and energy. A wide range of potential comes to the fore on September 10, when Zimtu Capital TSXV:ZC presents a Zoom conference highlighting eight of its colleague companies.

Below we offer an overview of each company. But first here’s how to take part.

To attend, RSVP MPatience@Zimtu.com.

The event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time.

Click this link to connect.

If prompted, enter meeting ID 868 2490 1684 and meeting passcode 679221.

To take part by phone, dial by location:

Canada toll-free
855 703 8985     

U.S. toll-free
833 548 0276
833 548 0282
877 853 5257
888 475 4499       

Germany toll-free
0 800 000 6954
0 800 000 1590

Switzerland
+41 43 210 71 08
+41 44 529 92 72
+41 22 591 00 05
+41 22 591 01 56
+41 31 528 09 88
+41 43 210 70 42

Meeting ID: 868 2490 1684

Click here to find your local number.

 

And here are the companies

 

Arctic Star Exploration TSXV:ADD

Promising geology and proven methodology will come together at Arctic Star Exploration’s (TSXV:ADD) Diagras project in the Northwest Territories’ diamondiferous Lac de Gras region. Currently holding 40% of a joint venture, the company intends to assume operation and increase its ownership when spring offers optimum work conditions.

In addition to drilling, Arctic Star’s plans include gravity and electromagnetic surveys on seven of the property’s 21 known kimberlites. The gravity/EM approach follows that of Kennady Diamonds, which successfully employed the methodology on its Kennady North project two kilometres away. In 2018 Kennady North was acquired by Mountain Province Diamonds TSX:MPVD, De Beers’ JV partner on the adjacent Gahcho Kué mine. Gravity and EM have so far found five drill targets at Diagras.

Arctic Star’s 100%-held Timantti diamond project in Finland hosts nine known diamondiferous kimberlites. With some 150 kilograms of samples ready for processing, ground work is expected to resume once pandemic conditions allow.

Read more about Arctic Star Exploration.

 

Ares Strategic Mining TSXV:ARS

Eight companies offer eight opportunities at one online event

Once re-opened, Lost Sheep will be
America’s only producing fluorspar mine.

The U.S. currently imports its entire supply of this critical mineral but Ares Strategic Mining TSXV:ARS plans to change that soon by opening the country’s only fluorspar operation. Production at Utah’s Lost Sheep mine could begin this autumn without de-risking through successive PEA and feasibility studies, but with the apparent confidence of the Mujim Group. The multinational fluorspar mining and distribution company visited the property earlier this year prior to buying a 9% stake in Ares.

Three of five exploration holes found visible fluorspar, while assays have just been released from 12 holes totalling 900 metres of delineation drilling. Results show high grades over wide intervals from near-surface and at-surface intercepts. Metallurgical tests have upgraded Lost Sheep material above 97% CaF2, achieving the level of higher-priced acidspar.

Ares also holds the Liard fluorspar project in northern British Columbia. Seven areas of the highway-accessible 476-hectare property host historic, non-43-101 estimates.

Read more about Ares Strategic Mining.

September 9 update: Ares launches this summer’s second drill program at Lost Sheep.

 

Commerce Resources TSXV:CCE

Eight companies offer eight opportunities at one online event

Well-understood host minerals, distribution of magnet
feed elements and a friendly jurisdiction distinguish
Commerce Resources’ RE-fluorspar project.

Few if any elements dominate concern about critical minerals like rare earths. That places all the more focus on Commerce Resources’ (TSXV:CCE) Ashram deposit, an advanced-stage Quebec project that also hosts one of the world’s largest fluorspar resources. While working towards pre-feasibility, the company has metallurgical studies advancing on a number of levels, benefiting not only Ashram but the creation of supply chains independent of China. The deposit’s carbonatite-hosted mineralization and relatively simple monazite, bastnasite and xenotime mineralogy complement conventional rare earths processing. Metallurgy has also upgraded Ashram’s fluorspar content to higher-priced acidspar.

Ashram also features a strong presence of high-demand magnet feed elements neodymium, praseodymium, dysprosium and terbium. Work is underway to upgrade the 2012 resource that used a 1.25% cutoff to show:

  • measured and indicated: 29.27 million tonnes averaging 1.9% total rare earth oxides and 2.94% fluorine

  • inferred: 219.8 million tonnes averaging 1.88% TREO and 2.21% F

The deposit starts at surface.

Looking at other critical minerals, Commerce also holds the advanced-stage Blue River tantalum-niobium deposit in southern British Columbia.

Read more about Commerce Resources.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Core Assets Corp CSE:CC

Eight companies offer eight opportunities at one online event

Historic results, more recent sampling and a
greater understanding of regional geology prompted
Core Assets’ major land expansion in B.C.

Determined to become a major explorer in northwestern British Columbia’s Golden Triangle, Core Assets Corp CSE:CC started trading in July, then began September with a nine-fold property expansion. The inspiration for boosting its Blue and Silver Lime holdings to 14,815 hectares comes from continual advancements in the understanding of porphyry, skarn and carbonate replacement-type deposits globally and in the Triangle itself.

The new ground covers the Llewelyn fault zone, which the company believes to be the main transport corridor for high-grade metals found on the property at surface. An historic, non-43-101 drill hole at Blue reached 0.27% copper over 173.2 metres. Grab samples from 2018 graded up to 1.57 g/t gold, 46.5 g/t silver and 8.46% copper.

The 2018 grab samples from never-drilled Silver Lime included 1.16 g/t gold, 913 g/t silver, 12.45% zinc and 20% lead. Core’s regionally experienced team plans a regional magnetic survey over the property.

Watch an interview with the Core Assets team.

 

Dimension Five Technologies CSE:DFT

Creating high-value products, even energy, from waste materials is the goal of Aduro Energy, now subject of an LOI for a reverse takeover by Dimension Five Technologies CSE:DFT. Founded in 2012, Ontario-based Aduro has developed a smart chemistry approach using three water-based technologies to transform diverse feedstocks that include renewable oils as well as waste plastics, foams and rubber. The result can be new plastics, foams, hydrocarbon fuels or specialty chemicals.

Aduro has its three areas of technology—trademarked as Hydrochemolytic Plastics Upgrading, Hydrochemolytic Renewables Upgrading and Hydrochemolytic Bitumen Upgrading—now undergoing demonstration and commercialization stages.

Learn more about Aduro Energy.

 

Emerita Resources TSXV:EMO

Eight companies offer eight opportunities at one online event

Despite extensive previous mining, Aznalcollar
hosts an impressive historic base metals estimate.

Most of Spain’s bullion came from the New World but Emerita Resources TSXV:EMO believes there’s untapped gold-silver potential on its Paymogo polymetallic project. Located amid former and current operations in southern Spain’s Iberian Pyrite Belt, Paymogo’s Romanera deposit hosts an historic, non-43-101 estimate of 34 million tonnes averaging 0.42% copper, 2.2% lead, 2.3% zinc, 44.4 g/t silver and 0.8 g/t gold.

Eight kilometres away, Paymogo’s Infanta area has historic, non-43-101 reports of high-grade copper-lead-zinc-silver intervals. While preparing an exploration permit application, Emerita is compiling data from 51 holes at Romanera and 48 at Infanta for a digital database to guide another round of drilling.

The company also awaits a court decision regarding a disputed tender for the Aznalcollar zinc-lead past-producer on the same Iberian belt. In May Emerita signed a binding letter agreement to earn a 55% interest in the Sierra Alta gold property in northern Spain. Company assets also include a 50% JV interest in the Plaza Norte zinc project near Spain’s northern coast.

Read more about Emerita Resources.

September 9 update: Emerita releases historic assays prior to drilling Paymogo.

 

Saville Resources TSXV:SRE

Eight companies offer eight opportunities at one online event

Saville outperformed historic intercepts with its
Phase I drill program on the Niobium Claim Group in Quebec.

Two kilometres from Commerce Resources’ Ashram RE-fluorspar deposit, another company explores for other critical minerals—niobium and tantalum. Working on a 75% earn-in from Commerce, Saville Resources TSXV:SRE has also found fluorspar potential on the early-stage Niobium Claim Group.

Saville sunk five holes last year in a promising Phase I campaign on the property’s Mallard prospect. Along with historic results, three drill programs total 14 holes and 3,537 metres on Mallard. Each program surpassed its predecessor for grades and widths while expanding three zones of mineralization that remain open in all directions. Encouraging historic drill results have also come from the project’s Northwest and Star Trench prospects. Yet to be drilled are other high-priority areas, especially Miranna where high-grade boulder samples have reached an exceptional 5.93% Nb2O5.

The property’s host rock predominates in pyrochlore-group minerals and/or ferrocolumbite, amenable to familiar processing methods as the world’s main source of niobium supply.

September 10 update: Saville Resources, Commerce Resources find more fluorspar in re-assayed core from Quebec niobium-tantalum project.

 

Zinc8 Energy Solutions CSE:ZAIR

Intermittent green electricity, grid backup and off-grid supply call for long-term electrical storage. Zinc8 Energy Solutions CSE:ZAIR has made inroads into New York by offering a low-cost, reliable approach.

The company’s system stores electricity in zinc particles, avoiding expensive battery minerals like lithium, vanadium and cobalt. When the storage system provides electricity, zinc particles combine with oxygen. When the system recharges, the zinc particles are regenerated and oxygen is returned.

Storage can be scaled from 20 kW to megawatts, making Zinc8’s system suitable for microgrids and utilities. The latter have already shown interest. 

In January the New York Power Authority, America’s largest public power organization, selected the Zinc8 system out of more than 60 contenders for a commercial or industrial demonstration facility. Two months later Digital Energy Corp chose Zinc8 to install a 100 kW/1.5 MWh storage system at a combined heat and power (CHP) plant in Brooklyn. Buoyed by New York interest, Zinc8 has since created a U.S. subsidiary.

Read an op-ed by Zinc8 president/CEO Ron MacDonald.

 

The Zoom with Zimtu event takes place September 10 at 8 a.m. Vancouver/Pacific time, 11 a.m. Toronto/Eastern time, 5 p.m. Frankfurt/Central European time. Click here and learn how to attend.

 

Update: Gaia Metals expands Idaho gold project, awaits field program results prior to autumn drilling

September 2nd, 2020

Update: On September 2 Gaia Metals TSXV:GMC announced the expansion of its Freeman Creek property by 263 hectares, for a total of approximately 862 hectares. The newly staked claims cover potentially mineralized extensions to the Carmen Creek prospect and an area adjacent to the Gold Dyke prospect. Both of the new areas were identified during the recent field campaign.

 

by Greg Klein | August 31, 2020

A 14-day campaign of rock and soil sampling, along with a magnetic survey, has wrapped up on the newly acquired Freeman Creek gold project in Idaho. While waiting for data, Gaia Metals TSXV:GMC has permitting underway for anticipated fall drilling.

Gaia Metals awaits summer field program results prior to autumn gold drilling in Idaho

A malachite-magnetite-sulphide sample
from the property’s Carmen Creek prospect.

Focus of the work was the 599-hecatre property’s Gold Dyke and Carmen Creek prospects, about three kilometres apart. Historic, non-43-101 results from Gold Dyke include a 1980s drill intercept of 1.5 g/t gold and 12.1 g/t silver over 44.2 metres. Among historic, non-43-101 Carmen Creek results was an outcrop sample grading 14.15 g/t gold, 63 g/t silver and 1.2% copper.

The summer program saw 222 rock samples collected throughout the property, a magnetic survey over both prospects and a 162-sample soil grid on Gold Dyke. Prospecting at Carmen Creek outlined a mineralized zone of one to two metres and veining extending five to 10 metres into the wall rock, Gaia stated. Preliminary interpretation of Carmen Creek geophysical data shows a magnetic high coinciding with the mineralization and likely reflecting the magnetite content, the company added.

The crew also verified locations of historic drill collars, adits and open pits.

“Our Phase I surface program at Freeman Creek appears to have been a resounding success, with sample mineralogy indicating we have found what we are looking for,” said president/CEO Adrian Lamoureux. “We are eagerly anticipating assay results as we advance with the Phase II drill program planned for this fall.”

Apart from the Freeman Creek flagship, Gaia’s assets include the Corvette-FCI project in Quebec’s James Bay region, location of impressive copper-gold-silver and lithium-tantalum assays. Further potential for drilling has been identified through a new interpretation of geophysical resultsGaia holds 100% of the property’s Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West claims.

Gaia’s portfolio also includes the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% stake in the Northwest Territories’ Hidden Lake lithium property.

Last week the company closed a private placement of $360,000 that followed a July placement of $603,000.

Gaia Metals awaits summer field program results prior to autumn gold drilling in Idaho

August 31st, 2020

This story has been updated and moved here.

Gaia Metals’ Idaho field program anticipates fall gold-silver-copper drilling

August 12th, 2020

by Greg Klein | August 12, 2020

Just weeks after signing a definitive agreement to acquire the property, this company has a crew en route for Phase I field work. Gaia Metals TSXV:GMC plans to begin verification of historic results on its Freeman Creek gold-silver-copper project prior to a drill program expected in autumn.

The team will verify locations of historic collars, adits and open pits, conduct property-wide prospecting, sampling and magnetic surveying, and carry out soil sampling on a grid across the project’s Gold Dyke prospect. The latter is one of two areas of particular interest on the 599-hectare road-accessible property, along with the Carmen Creek prospect.

Gaia Metals’ Idaho field program anticipates fall gold-silver-copper drilling

Previous work at Gold Dyke traced mineralization for 457 metres along strike and 183 metres at depth. Historic, non-43-101 trench results included:

  • 6.86 g/t gold and 199 g/t silver over 7 metres

  • 5.49 g/t gold and 130 g/t silver over 5.8 metres

  • 19.9 g/t gold, 65 g/t silver and 1.05% copper over 3.7 metres

One grab sample graded 60 g/t gold and 1,440 g/t silver.

An historic, non-43-101 drill result from the 1970s showed:

  • 0.46 g/t gold, 7.1 g/t silver and 0.1% copper over 13.7 metres

Two 1980s holes brought further historic, non-43-101 assays:

  • 1.5 g/t gold and 12.1 g/t silver over 44.2 metres

  • 1.7 g/t gold and 17.1 g/t silver over 21.3 metres

About three kilometres away, Carmen Creek underwent sampling from outcrop and former workings, producing these historic, non-43-101 assays:

  • 14.15 g/t gold, 63 g/t silver and 1.2% copper

  • 1.8 g/t gold, 43 g/t silver and 1% copper

Freeman Creek sits entirely on U.S. Bureau of Land Management turf, allowing a relatively smooth process for the drill permitting already underway. Idaho ranks #8 on the most important index of the Fraser Institute Survey of Mining Companies.

“Verification and expanding upon the historical results are the first steps toward unlocking the potential of this asset for our shareholders,” noted president/CEO Adrian Lamoureux. “With gold achieving historic highs, our timing couldn’t be better.”

Gaia’s portfolio also includes the Corvette-FCI property in Quebec’s James Bay region, where the company has found impressive copper-gold-silver and lithium-tantalum grades. A new interpretation of geophysical data shows additional drilling potential. Gaia holds 100% of the project’s Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West claims.

Gaia’s other assets include the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% stake in the Northwest Territories’ Hidden Lake lithium property.

Last month the company closed an over-subscribed private placement of $603,000.

Update: Gaia Metals signs definitive agreement, plans immediate exploration on Idaho gold-silver project with historic high grades

July 27th, 2020

Update: On July 27, 2020, Gaia Metals announced a definitive agreement to acquire Freeman Creek on the LOI terms reported below. Immediate plans include prospecting, mapping and sampling of historic occurrences, and potential soil sampling and ground geophysics. A possible Phase II program would drill the property to verify and expand on previous results.

On July 17 the company closed an over-subscribed private placement of $603,000.

 

by Greg Klein | June 4, 2020

Impressive earlier work in one of the world’s top-ranked mining jurisdictions has brought new attention to a neglected property. Under terms of a non-binding letter of intent Gaia Metals TSXV:GMC would pick up Freeman Creek, a 599-hectare site of previous trenching, drilling and mining. Two targets about three kilometres apart have the company especially encouraged.

Mineralization at the Gold Dyke prospect has been traced for 457 metres along strike and 183 metres at depth. Trench samples as far back as 1910 brought obviously non-43-101 results as high as:

Gaia Metals signs LOI for Idaho gold-silver project with historic high grades

  • 6.86 g/t gold and 199 g/t silver over 7 metres

  • 5.49 g/t gold and 130 g/t silver over 5.8 metres

  • 19.9 g/t gold, 65 g/t silver and 1.05% copper over 3.7 metres

One grab sample reached 60 g/t gold and 1,440 g/t silver.

An historic 1970s-era drill intercept brought:

  • 0.46 g/t gold, 7.1 g/t silver and 0.1% copper over 13.7 metres

More non-43-101 assays, from two 1980s holes, showed:

  • 1.5 g/t gold and 12.1 g/t silver over 44.2 metres

  • 1.7 g/t gold and 17.1 g/t silver over 21.3 metres

Although records haven’t been found, Cominco and BHP explored Gold Dyke for large-scale copper potential during the 1990s.

The historic Carmen Creek mine prospect has delivered samples from outcrop and former workings with these non-43-101 results:

  • 14.15 g/t gold, 63 g/t silver and 1.2% copper

  • 1.8 g/t gold, 43 g/t silver and 1% copper

The historic work at Freeman Creek appears to have only scratched the surface of this project’s potential. Coupled with a relatively simple and straightforward permitting process, we are excited to aggressively pursue this opportunity.—Adrian Lamoureux,
Gaia Metals president/CEO

Located about 15 kilometres from the town of Salmon, Freeman Creek can be reached by highway, gravel roads and trails. Last year Idaho ranked #8, up from 16th the previous year, on the most important index of the Fraser Institute Survey of Mining Companies.

A 100% interest would cost Gaia a total of $90,000, four million shares and two million warrants within a year of TSXV approval. The company would pay an additional $1 million in cash or shares on defining a gold-equivalent resource exceeding a million ounces. The vendor would retain a 2.5% NSR, half of which Gaia could buy for $1.5 million.

In Quebec’s James Bay region, Gaia’s Corvette-FCI property has yielded high-grade gold, copper-gold-silver and lithium-tantalum grades. Announced last April, a new interpretation of geophysical data found additional drilling potential. Gaia holds 100% of the project’s Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West blocks.

Among other assets, Gaia’s portfolio includes the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% stake in the Northwest Territories’ Hidden Lake lithium property.

Read more about Gaia Metals.

Saville Resources, Commerce Resources announce fluorspar trend on Quebec niobium property

July 23rd, 2020

by Greg Klein | July 23, 2020

Further analysis of previous drilling shows further critical mineral potential for an early-stage project. Saville Resources TSXV:SRE has identified an encouraging fluorspar trend in the Mallard area of its Niobium Claim Group following review of assays showing niobium, tantalum and phosphate, as well as fluorspar.

Saville Resources, Commerce Resources announce fluorspar trend on Quebec niobium property

Saville operates the 1,223-hectare project on a 75% earn-in from Commerce Resources TSXV:CCE that calls for $5 million of spending within five years. Two kilometres away, Commerce moves its Ashram rare earths-fluorspar deposit towards pre-feasibility.

Saville’s review covered results from historic drilling as well as last year’s five-hole, 1,049-metre program. Overall, three drill campaigns have totalled 14 holes and 3,537 metres.

The study outlines a fluorspar trend within the primary niobium trend that’s “broader and more extensive than previously understood,” the company stated. Stretching laterally at least 600 metres, the fluorspar trend remains open to the northwest, southeast and down dip, “and is interpreted to continue to surface where it is obscured by a shallow veneer of overburden,” Saville added. “Fluorspar mineralization is readily observable to the naked eye as the fluorspar present is purple in colour and relatively abundant where grades are of interest.”

The company now plans to have assay pulps undergo laboratory fluorine analysis.

Fluorspar, niobium and tantalum have been designated critical minerals by the United States. A number of American initiatives to secure domestic and allied sources include the National Defense Authorization Act for Fiscal Year 2021 which recently passed the U.S. House of Representatives and now faces Senate debate. In June Canada and the U.S. reaffirmed their commitment to the Joint Action Plan on Critical Minerals Collaboration announced in January, which would encourage investment and development for North American mining projects and supply chains.

Gaia Metals signs LOI for Idaho gold-silver project with historic high grades

June 4th, 2020

This story has been updated and moved here.

Gaia Metals finds new drill targets through updated geophysical analysis

April 16th, 2020

by Greg Klein | April 16, 2020

A gold-polymetallic project in Quebec’s James Bay region shows additional potential following re-evaluation of previous data. On behalf of Gaia Metals TSXV:GMC, Dynamic Discovery Geoscience applied new methods and software to a 1998 induced polarization and resistivity survey over the Golden Gap area of the Corvette-FCI property. With greater geological insight, Gaia now sees a different trend of mineralization that has yet to be drilled, along with additional strike extensions, and parallel and sub-parallel trends.

Gaia Metals finds new drill targets through updated geophysical analysis

Gaia Metals’ polymetallic potential expands,
thanks to modern re-interpretation of historic data.
(Photo: Gaia Metals)

The project comprises Gaia’s 100%-held Corvette claims and a 75% earn-in from Osisko Mining TSX:OSK spinout O3 Mining TSXV:OIII on the FCI-East and FCI-West blocks.

Historic, non-43-101 results from Golden Gap include samples up to 108.9 g/t gold, and a drill intercept of 10.48 g/t gold over seven metres. Areas of interest also include the Elsass and Lorraine prospects, the latter showing an outcrop sample of 8.15% copper, 1.33 g/t gold and 171 g/t silver. Lithium-tantalum channel samples from the CV1 pegmatite reached up to 2.28% Li2O and 471 ppm Ta2O5 over six metres.

The new interpretation finds two separate trends to a previously identified signature. A northern trend strongly corresponds with the historic samples up to 108.9 g/t gold. A less-intense southern trend doesn’t correspond with high-grade sampling. Yet it was the southern trend that was drilled to follow an historic intercept of 10.5 g/t gold over seven metres, even though that trend doesn’t correlate with the mineralized zone in that drill hole.

Outcrop samples collected last year found new gold occurrences along strike to the west, “further supporting the interpreted trend in this direction and significantly amplifying the potential,” Gaia stated. “The western trend outlined in the IP-resistivity data continues to the boundary of the survey, indicating it extends further west.”

Additional areas correlate with surface samples grading between 1 and 3 g/t gold, showing targets that are “parallel to sub-parallel to the main mineralized trend and occur within an area of approximately 2.5 kilometres east-west by 1.5 kilometres north-south,” the company added. “Each of these prospective targets and trends remains to be drill-tested.”

In February the company announced a geological review that highlighted the project’s potential for nickel, copper and platinum group elements. An historic outcrop sample from the Lac Long Sud area brought 3.1 g/t gold, 1.06 g/t palladium, 0.005 g/t platinum, 7.5 g/t silver, 0.24% copper, 0.19% nickel and 411 g/t cobalt. Despite those grades, little of the historic work and none of last year’s samples were assayed for PGEs. “Hence these seemingly isolated results necessitate further geochemical analysis in future exploration programs.”

Among other assets, Gaia’s portfolio includes the Pontax lithium-gold property in Quebec, the Golden silica property in British Columbia and a 40% interest in the Northwest Territories’ Hidden Lake lithium property.