Saturday 19th September 2020

Resource Clips


Posts tagged ‘Zimtu Capital Corp (ZC)’

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.

 

Zimtu Capital moves quickly to stake Lac Elmer East in Quebec’s James Bay region

January 17th, 2020

by Greg Klein | January 17, 2020

Hoping the geology proves similar, a prospect generator has claimed new turf near a new discovery. Zimtu Capital’s (TSXV:ZC) portfolio now includes the 1,840-hectare Lac Elmer East property, eight kilometres from the eastern edge of Azimut Exploration’s (TSXV:AZM) recent Elmer discovery.

Zimtu Capital moves quickly to stake Lac Elmer East in Quebec’s James Bay region

Acting promptly on Azimut’s January 14 announcement, Zimtu acquired the claims through a 50/50 staking arrangement with a local prospector.

Azimut’s maiden drill program hit a number of impressive intervals, including 3.15 g/t gold over 102 metres, starting at 34 metres in downhole depth. Although nearby results don’t indicate another property’s mineralization, Lac Elmer East trends along the same Archean Greenstone Belt in an area of high magnetic susceptibility.

Zimtu describes its new acquisition as “bounded to the southeast side by a regional dextral strike slip fault and to the north by a sinistral strike slip fault. The property is underlain by a diverse suite of Archean rocks including rhyolite, dacite, tonalite, diorite, gneiss, volcaniclastics and porphyritic felsic intrusions,” as mapped by the province’s ministry of energy and natural resources.

The property has vehicle access from the James Bay Road.

Zimtu Capital pursues B.C. copper-cobalt with new company

December 10th, 2018

by Greg Klein | December 10, 2018

As recent sampling brings new interest to an historic property south of the Yukon border, Zimtu Capital TSXV:ZC has created Core Assets Corp to take the Blue copper-cobalt project further.

Zimtu Capital pursues B.C. copper-cobalt with new company

All areas sampled during the autumn program
returned very promising assays, Zimtu reported.

An autumn field program found rock samples up to 1.56 g/t gold, 43.3 g/t silver and 8.46% copper from the French Adit area of the 1,130-hectare property, as well as up to 1.57 g/t gold, 46.5 g/t silver and 1.86% copper from the North Adit area. The adits date to previous exploration. The property has never been mined.

Referring to a 1950s academic study, Zimtu stated that “sampling the north end of the property using an undescribed sampling method reported grades of 0.6% cobalt over 3 feet. Copper was found at 3.5% and silver at 1 ounce/tonne. Some samples were described to have an erythrite coating on the surface and have cobaltite scattered throughout the magnetite.”

A 1973 drill hole sunk about 15 metres south of the French Adit brought historic, non-43-101 results of 0.27% copper over 175 metres, including 1.2% copper over 27 metres. The assays didn’t test for cobalt.

Next plans include geophysics and drilling on the winter-accessible property, says Core Assets director Scott Rose. The Blue project can be reached by snowmobile, by boat in summer, or by an 11-minute helicopter ride from the town of Atlin, connected by highway to Whitehorse, Yukon.

Blue will cost the privately held Core $100,000 and three million shares payable to Zimtu over two years. Zimtu retains a 2% NSR, half of which may be bought back for $1 million.

In addition to Rose, Core’s experienced board will consist of MGX Minerals CSE:XMG president/CEO Jared Lazerson and geologist Nicholas Rodway, with Zimtu president Dave Hodge also holding the president’s position at Core.

Caught on camera: The International Mining Investment Conference 2018

May 17th, 2018

by Greg Klein | May 17, 2018

Caught on camera International Mining Investment Conference 2018

Investors gathered as resource companies delivered presentations at IMIC 2018.

 

It was a near-record turnout, declared Andrew Pollard. But he quickly admitted that the numbers came from the same guy who inflated attendance figures for Donald Trump’s inauguration. Whether caused by gold’s sudden swing south of $1,300, Vancouver’s first hot summer weather of the year or an experiment in mid-week scheduling, the May 15 to 16 International Mining Investment Conference drew a surprisingly less-than-capacity crowd. Yet enthusiasm remained for a strong agenda with over 30 speakers, including some new faces. Among other topics, the wide-ranging content brought a reinforced emphasis on energy minerals. Exhibits featured over 70 resource companies.

Here’s a quick look at some of the happenings. Videos of all talks and panel discussions will appear on the Cambridge House International website in about 10 days.

 

Caught on camera International Mining Investment Conference 2018

Gianni Kovacevic, Simon Moores and
Chris Parry discussed the future of energy.

 

Caught on camera International Mining Investment Conference 2018

Jayant Bhandari offered practical tips
as well as controversial perspectives.

 

Caught on camera International Mining Investment Conference 2018

Some events drew SRO audiences.

 

Caught on camera International Mining Investment Conference 2018

Mike Hodge, Jared Rushton, Scott Rose and Dave Hodge
of the Zimtu Capital team brought levity to market discussion.

 

Simon Moores met with audience members after hosting
the Vancouver stop of the Benchmark Mineral Intelligence
World Tour 2018.

 

SmallCapPower interviewed David Morgan.

 

The word on the street came to the convention centre floor.

 

Andrew Pollard brought an entertaining style
to his panel of precocious mining titans
Brian Paes-Braga and Steve de Jong.

 

Caught on camera International Mining Investment Conference 2018

Kitco News’ Daniela Cambone interviewed Brent Cook, Ivan Bebek and E.B. Tucker.

 

Cambridge House now has planning underway for the Extraordinary Future conference in Vancouver from September 19 to 20, followed by the Silver and Gold Summit 2018 in San Francisco from October 28 to 29.

Zimtu’s advantages

January 20th, 2018

Opportunities come calling as Zimtu Capital builds junior companies’ potential

by Greg Klein

With equity holdings in a wide range of juniors, Zimtu Capital TSXV:ZC goes well beyond the prospect generator model to help nurture and grow the companies that comprise its assets. Looking at just a few examples, they can be exploring early-stage minerals projects, progressing an advanced-stage rare earths deposit or generating revenue through disruptive technology. Zimtu helps build the companies with administrative, promotional, technical, legal and financial expertise that ranges from prospectors in the bush to market insiders in Europe and Asia.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

The ZimtuADVANTAGE program additionally offers companies a number of other marketing strategies, including extensive social media coverage and the ZimtuADVANTAGE app. The result is wider exposure and therefore greater investor awareness about each participant.

The breadth of Zimtu’s support brings each company a level of expertise, sophistication and prominence not easily obtained by smaller companies. To further understand the approach, take a look at some Zimtu equity holdings.

 

Meet the ZimtuADVANTAGE companies

 

92 Resources TSXV:NTY—Lithium in the NWT and Quebec, frac sand in B.C.

Metallurgy as well as field work make 92 Resources’ (TSXV:NTY) Hidden Lake hard rock lithium property a standout among early-stage projects. Grab samples from the highway-accessible location 40 kilometres east of Yellowknife have graded as high as 1.86% Li2O, while channel samples on pegmatite outcrops have reached up to 1.58% over 8.78 metres and 2.57% over 0.75 metres. There’s tantalum too, including a sample of 233 ppm Ta2O5 over 1 metre.

Phase I metallurgical tests, meanwhile, produced a high-grade concentrate of 6% to 6.5% Li2O, with recovery rates of 80% to 85% using conventional methods.

In eastern British Columbia, the company holds the Golden frac sand project next door to Northern Silica’s Moberly silica operation. 92 Resources also picked up three Quebec lithium properties. One of them yielded a 7.32% Li2O grab sample on an initial visit.

92 Resources began the new year by closing an oversubscribed private placement of $1.14 million.

Read an interview with 92 Resources CEO Adrian Lamoureux.

 

Arctic Star Exploration TSXV:ADD—Diamonds in Finland, critical minerals in B.C.

The Timantti project attracted Arctic Star Exploration’s (TSXV:ADD) experienced team of diamond explorers to a mining-friendly Finnish region with enviable infrastructure and a geological shield hosting two world-class Russian mines. Previous work showed 111 microdiamonds from 52.7 metres of historically extracted core and another 58 from an 18.9-kilogram sample. In November the company began an ambitious program of geophysics, till sampling and drilling to extract a 500-kilogram core sample from each of two especially promising kimberlites.

Arctic Star’s other diamond interests include its drill-ready Stein project in Nunavut and the Diagras JV in the NWT’s Lac de Gras region. An intriguing departure from gemstones, however, is the company’s Cap property in B.C., home to an exceptionally rare carbonatite-syenite complex that offers potential for several commodities. Assays released last fall from sampling and a single drill hole showed “highly anomalous” niobium, rare earths and phosphate grades.

In late November the company closed oversubscribed private placements totalling $1.69 million.

Read an interview with Arctic Star chairperson Patrick Power.

 

Belmont Resources TSXV:BEA—Lithium in Nevada

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Deep-sensing geophysics will follow
Belmont Resources’ 2017 drill campaign.

Sixty-five kilometres from Clayton Valley, Belmont Resources TSXV:BEA sees encouraging signs of similar geology at its Kibby Basin lithium project. Beginning imminently will be an especially deep-sensing electromagnetics survey to help identify Phase II drill targets.

Last year’s two-hole program extracted core samples grading between 70 ppm and 200 ppm Li2O. Thirteen of 25 samples surpassed 100 ppm, “indicating that the sediments could be a potential source of lithium for the underlying aquifers.”

The company interprets gravity survey data to suggest a closed basin covering 400 hectares and reaching at least 1.5 kilometres in depth, sufficiently large to develop layers that could act as aquifers.

A more recent acquisition, the Mid Corner-Johnson Croft property in New Brunswick comes with historic, non-43-101 sample results for zinc, copper and cobalt. But it hasn’t seen modern geophysics. Belmont’s portfolio also includes a 50% interest in two Saskatchewan uranium properties.

The company closed an oversubscribed private placement of $312,200 In December.

Read an interview with Belmont Resources CFO/director Gary Musil.

 

Castle Silver Resources TSXV:CSR/Canada Cobalt Works—Cobalt in Ontario

Update: Effective February 23, 2018, Castle Silver Resources begins trading as Canada Cobalt Works TSXV:CCW.

Historically, high-grade silver was the attraction but the northern Ontario region of Cobalt got that name for a reason. It’s in and around that area that Castle Silver Resources TSXV:CSR—soon to be renamed Canada Cobalt Works—seeks one of the essential energy metals. Underground mini-bulk sampling at the company’s Castle flagship brought assays up to 3.1% cobalt. More assays are pending from last year’s sampling and 22-hole, 2,405-metre drill campaign at the former mine.

Eighty kilometres southeast, an initial program at the company’s Beaver project collected three hand-cobbed samples, all exceeding 4% cobalt with impressive nickel grades, silver and some gold.

In November Castle Silver signed a provisional milling agreement to locate a plant on its property to process material from Granada Gold Mine’s (TSXV:GGM) project about 200 kilometres away. Additionally Castle Silver sees potential in its Re-2OX proprietary metallurgical process to produce cobalt concentrate.

The company closed a private placement of $1.03 million in mid-January.

 

Commerce Resources TSXV:CCE—Rare earths in Quebec, tantalum-niobium in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Amid increasing concern about critical minerals supply,
Commerce Resources’ Ashram rare earths deposit
benefits from geology, metallurgy and location.

An advanced-stage rare earths project endowed with magnet feed elements, amenable to conventional processing and moving towards pre-feasibility in a mining-friendly province—that begins to describe Commerce Resources’ (TSXV:CCE) Ashram deposit in northern Quebec.

Obviously waiting for an update is the 2012 resource, which used a 1.25% cutoff for this near-surface deposit:

  • measured: 1.6 million tonnes averaging 1.77% total rare earth oxides and 7.7% CaF2

  • indicated: 28 million tonnes averaging 1.9% TREO and 5.9% CaF2

  • inferred: 220 million tonnes averaging 1.88% TREO and 4.5% CaF2

The company has sunk about 9,200 metres since then, hitting high grades within carbonatite host rocks containing minerals amenable to well-known processing methods. Showing a superior distribution of magnet feed REOs, Ashram’s metallurgical studies continue to streamline the flowsheet for a high-grade concentrate, also finding potential for a fluorspar byproduct. The REE-hungry world has noticed, with companies like Solvay, Mitsubishi, Treibacher, BASF, DKK, Albemarle, Blue Line and others requesting samples.

Turning to other critical minerals, Commerce’s Blue River/Upper Fir tantalum-niobium deposit in southeastern B.C. reached PEA in 2011 and a resource update in 2013.

Read more about Commerce Resources.

 

Emerita Resources TSXV:EMO—Zinc in Spain, zinc and lithium in Brazil

An acquisitive nature could position this company to take part in zinc’s ascendency. In October Emerita Resources TSXV:EMO joined a 50/50 JV on the Plaza Norte property in northern Spain. The new turf hosts extensions of the past-producing Reocin mine, which gave up 62 million tonnes averaging 11% zinc and 1.4% lead up to 2003. Plaza Norte’s historic, non-43-101 drill results include 9.72% zinc over 18.96 metres and 7.05% over 8.2 metres. As project operator, Emerita has a review underway of the property’s extensive previous data. The company’s JV partner, the Aldesa Group, is a specialized construction and infrastructure firm operating globally.

In Brazil, Emerita holds a 100% option on the Litio project adjacent to the Companhia Brasileira de Litio lithium mine. Emerita’s initial field work has found pegmatite dykes similar to those next door. Other potential acquisitions include the Salobro zinc project in Brazil, along with Paymogo and Aznalcollar, two zinc properties in Spain.

Last month the company closed an oversubscribed private placement totalling $4.24 million, with funds earmarked for Plaza Norte and Salobro.

 

Georox Resources TSXV:GXR—Conventional oil and gas in western Canada

A non-binding LOI signed in December would bring Georox Resources TSXV:GXR a 16,146-hectare Saskatchewan acquisition with 97% oil production and an average working interest of 96.6%. Average daily net production estimates for the first nine months of last year came to 1,415 boe/d. “The oil pools have significant reactivation, waterflood implementation and infill drilling potential,” Georox stated. Subject to due diligence and approvals, the parties expect to consummate by the end of February for a price of $4.5 million.

The company offered a private placement earlier this month of up to $700,000.

 

Glance Technologies CSE:GET—Bringing the newest technology to consumer transactions

Connecting smartphone users with merchants and service providers, Glance Technologies’ (CSE:GET) Glance Pay system goes beyond fast payments to provide marketing, targeted coupons, customer feedback, in-merchant messaging, custom rewards and fraud protection.

At the forefront of blockchain developments, Glance Technologies earlier this month announced a definitive agreement with Cannabis Big Data Holdings to provide technology allowing marijuana retailers and producers to handle cryptocurrency transactions. That’s one example of licensing agreements with the cannabis, fitness and wellness, tourist and foreign student markets.

Late last month Glance Technologies closed a bought deal totalling $11.05 million, boosting the company’s treasury to over $17.4 million.

 

Golden Dawn Minerals TSXV:GOM—Q2 gold-copper production in B.C.

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Having finished dewatering, Golden Dawn prepares to
restart underground operations at southern B.C.’s Lexington mine.

With trial mining set to begin within months, Golden Dawn Minerals TSXV:GOM seeks to revive southern B.C.’s historic Greenwood mining camp. The company holds a cluster of past-producers within 20 kilometres of its Greenwood mill, a 212-tpd facility expandable to 400 tpd that was built in 2007 and put on care and maintenance the following year. The local infrastructure’s condition inspires the company to enter production without de-risking at the feasibility level.

Top priority goes to Lexington, which produced 5,486 ounces of gold, 3,247 ounces of silver and 860,259 pounds of copper in 2008. Two other frontrunners are the Golden Crown gold-copper project and May Mac silver-gold-polymetallic project, both nearby former mines that underwent drilling last year. Meanwhile Golden Dawn continues to expand its portfolio, both in the Greenwood area and farther north.

The company’s most recent financing closed this month on $337,500.

Read more about Golden Dawn Minerals.

 

Kapuskasing Gold TSXV:KAP—Newfoundland copper and zinc

The property’s first drill program since the 1960s barely whetted Kapuskasing Gold’s (TSXV:KAP) appetite for copper exploration at its Lady Pond flagship in northern Newfoundland. Now backed by new intel, the company plans to return for another attack this year. An historic, non-43-101 estimate gives the project’s Sterling prospect about one million tonnes averaging 1% copper that’s open in all directions. Grab samples released in October showed up to 9.03% copper for the Twin Pond prospect, 7.19% copper for Sterling and 1.54% copper with cobalt and silver for the Lady Pond prospect.

Located 94 kilometres by road from a Rambler Mining and Metals TSXV:RAB base metals mill, the Lady Pond project can be reached by logging roads and ATV.

On Newfoundland’s Great Northern Peninsula, Kapuskasing picked up the Daniel’s Harbour property, host to the former Teck mine that produced around seven million tonnes averaging 7.8% zinc from 1975 to 1990. The past-producer’s Mississippi Valley Type deposit suggests the potential for additional resources appearing in clusters.

While in the Great Northern Peninsula, Kapuskasing staked another 1,625 hectares to move in on the burgeoning Gunners Cove gold area play. The company closed private placements totalling $115,000 in August, following a $201,200 placement that closed in June.

Read an interview with Kapuskasing president/CEO Jon Armes.

 

King’s Bay Resources TSXV:KBG—Nickel-cobalt in Labrador, copper-cobalt in Newfoundland

An unexpected benefit of the new Trans-Labrador Highway was recognized by a prospector who sampled roadside copper and cobalt with some nickel and silver. King’s Bay Resources TSXV:KBG moved onto the virgin turf with a more systematic field program, airborne VTEM and last autumn’s initial two-hole program. Although collared over 150 metres apart, each hole found mineralization over wide intercepts, encouraging plans for further drilling following geostatistical and structural analysis.

Meanwhile Phase I field work at the company’s Trump Island project in northern Newfoundland collected 15 grab samples, four of them grading over 1% copper and between 272.3 ppm and 1,213.6 ppm cobalt. One sample underwent an additional ore grade analysis, showing 6.07% copper, 300 ppm cobalt and 14.4 ppm silver. Follow-up exploration is slated for spring.

King’s Bay offered a $250,000 private placement in September that followed financings that closed on $402,000 the previous month.

 

MGX Minerals CSE:XMG—Commodities and technology for energy and industry

As if trying to fuel the energy revolution single-handedly, MGX Minerals CSE:XMG holds a portfolio bursting with nearly three dozen projects. In Alberta and Utah the company counts 20 lithium properties in the exploration state and two more undergoing well-testing. B.C. properties include three silicon projects and eight magnesium projects. Unsated, in November the company opened a satellite office in Chile to evaluate opportunities there.

Some project highlights include the Driftwood Creek magnesium property in B.C., now moving towards a preliminary economic assessment. Paradox Basin in Utah has exploration underway for oil, gas, lithium and other brine minerals. A 2,000-metre drill program has just begun at the company’s 20%-held Case Lake lithium project in Ontario, following a recently completed 5,400-metre campaign.

Among a number of technological developments, MGX claims a breakthrough for zinc-air flow batteries by avoiding dendrite damage, “the single most significant hurdle” in the batteries’ development. With its subsidiary ZincNyx Energy Solutions, the company’s now working on final commercial design for mass production of its scalable 20 kWh zinc-air mass storage battery.

On another technological front, MGX partners with its 46%-held PurLucid Treatment Solutions on a patented process for brine treatment and selective lithium recovery.

Activity like that doesn’t come cheap. In December MGX closed private placements totalling $12.9 million. The previous month MGX and PurLucid won federal/provincial grants totalling up to $8.2 million for their oilpatch water treatment system.

 

Mountain Boy Minerals TSXV:MTB—Exploring the treasures of B.C.’s Golden Triangle

Opportunities come calling as Zimtu Capital builds junior companies’ potential

Rugged but rich terrain attracts Mountain
Boy Minerals to B.C.’s Golden Triangle.

With a stake in several northwestern B.C. properties, Mountain Boy Minerals TSXV:MTB took part in two joint-ventured drill programs last year, along with geophysics on two 100%-held properties. Results so far from the company’s 35%-held Red Cliff gold project show high grades over wide intervals as drilling followed a mineralized system over two kilometres. More assays are pending from the 51-hole program.

Another 14 holes went into Mountain Boy’s 20%-held Silver Coin, hitting high-grade gold and finding a new gold zone. Again, the company’s awaiting further lab results. A 2011 resource gives the project measured and indicated totals of 842,416 ounces gold, 4.46 million ounces silver and 91.2 million pounds zinc. The inferred numbers come to 813,273 ounces gold, 6.7 million ounces silver and 128 million pounds zinc.

Moving closer to the drill stage are two contiguous 100%-held silver-base metals projects, BA and Surprise Creek. Trench assays from late 2016 suggest polymetallic promise with high-grade zinc as well as silver and lead. Following previous drilling, metallurgical tests produced a barite concentrate that exceeds industry standards for this mineral essential to oil and gas exploration.

Mountain Boy offered a private placement of up to $300,000 in October.

Read an interview with Mountain Boy Minerals chairperson René Bernard.

 

ParcelPal Technology CSE:PKG—Online shopping with fast delivery

Opportunities come calling as Zimtu Capital builds junior companies’ potential

ParcelPal’s “Get Anything functionality” adds
fast delivery to shop-by-phone transactions.

Order via smartphone app and get quick delivery at home, work or elsewhere—that’s the disruption ParcelPal Technology CSE:PKG brings to merchants and courier services. Retail, liquor and especially restaurants are currently the partner businesses as ParcelPal expands throughout the Greater Vancouver region. The company says its “Get Anything functionality” allows consumers to “order virtually anything and have it delivered in an hour or less.”

Just six months in operation, the company sees positive business and consumer response, with 3,000 app downloads in October and November, and repeat clients. Future goals include expansion in other major Canadian cities, and eventually the U.S. and abroad.

ParcelPal closed an oversubscribed private placement of $1.65 million in mid-January.

 

Rockcliff Metals TSXV:RCLF—A gold-VMS camp in Manitoba

It might be said that Rockcliff Metals TSXV:RCLF picks up where Hudbay Minerals TSX:HBM leaves off. Rockcliff assembled its portfolio largely by acquiring non-core Hudbay assets in Manitoba’s Flin Flon-Snow Lake region. As a result Rockcliff holds interests in five gold projects, two copper-polymetallic deposits with resource estimates and three zinc deposits with historic, non-43-101 estimates. All lie within trucking distance of two Hudbay processing facilities.

With three projects active last year, Rockcliff updated its Talbot resource in December, announcing an inferred 150 million pounds copper, 130.4 million pounds zinc, 241,000 ounces gold and 3.8 million ounces silver that’s open in all directions.

Recent stepout drilling brought high-grade zinc results from Bur, moving the project from historic towards 43-101 resource stage. Currently the non-43-101 numbers show an indicated 1.05 million tonnes averaging 8.6% zinc and 1.9% copper, along with an inferred 302,000 tonnes averaging 9% zinc and 1.4% copper, as well as some silver and gold.

Polymetallic VMS isn’t Snow Lake’s only attraction. Among Rockcliff’s gold properties is the former Laguna mine, where induced polarization and resistivity found 17 anomalies over a trend that hasn’t been drilled since 1944.

In August Rockcliff closed an oversubscribed private placement of $1.35 million.

Read more about Rockcliff Metals here and here.

 

Saville Resources TSXV:SRE—Niobium-tantalum in Quebec

Strong sample grades with an outstanding 5.9% niobium pentoxide enticed Saville Resources TSXV:SRE onto Commerce Resources’ Eldor property earlier this month. While the latter company focuses on bringing its rare earths project to pre-feasibility, Saville took on a 75% earn-in on the Eldor niobium claims, enthusiastic about their potential for critical minerals.

Out of 64 samples collected by Commerce, 40 exceeded 0.5% Nb2O5, 16 of them surpassing 1%. Assays also showed significant tantalum, phosphate and rare earths numbers. Among previous drill results were 0.46% Nb2O5 over 46.88 metres and 0.55% over 26.1 metres (including 0.78% over 10.64 metres).

Results also show niobium-tantalum occurring within the mineral pyrochlore, the world’s dominant source for those critical elements. Eldor’s pyrochlore shows a relatively course grain size, a positive prognosis for metallurgy.

At Saville’s other northern Quebec asset, Covette’s sampling and geophysics show potential for base and precious metals.

In December the company offered private placements totalling up to $500,000.

Read more about Saville Resources.

 

Voltaic Minerals TSXV:VLT—Lithium from brine and from wastewater too

Voltaic Minerals TSXV:VLT sees three key distinctions to its Green Energy lithium project in Utah. A review of extensive historic oil and gas exploration data indicates the property’s brine to be over-saturated with 40% minerals in 60% water, suggesting potential for a wide range of minerals. The brine also faces immense pressure and high temperature, two factors that would aid extraction. The 1,683-hectare property has proximity to road, rail and power.

But apart from the Green Energy project, Voltaic takes another approach to sourcing lithium. The company has engaged Whittier Filtration, a division of global leader Veolia Water Technologies, to develop marketable processes for extracting lithium from wastewater taken from commercial and industrial sites. The companies expect to report bench scale tests soon.

Zimtu’s Dave Hodge reminds companies to maintain European market requirements by obtaining a Legal Entity Identifier

December 21st, 2017

…Read more

Quebec acquisition brings Saville Resources precious, base and rare metals prospectivity

November 27th, 2017

by Greg Klein | November 27, 2017

A flurry of updates shows a new project, new faces and new financing for a rejuvenated Saville Resources TSXV:SRE. The company now moves into Quebec’s James Bay region by taking on the 3,370-hectare Covette property. Although it’s seen limited exploration so far, Covette underwent a 1,402-line-kilometre VTEM survey late last year, along with prospecting and sampling this year. The coincidence of EM conductors with magnetic highs suggests prospectivity for base and precious metals, the company reported. This year’s field program included pegmatite sampling for evidence of lithium.

Quebec acquisition brings Saville Resources precious, base and rare metals prospectivity

Of two historic, non-43-101 grab samples, one returned 4.7% molybdenum, 0.73% bismuth, 0.09% lead and 6 g/t silver; while the other showed 1.2 g/t silver and 0.18% copper.

An underlying greenstone belt could offer base and precious metals potential as well as pegmatite-hosted lithium and tantalum. “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,” the company stated.

Covette lies just 10 kilometres north of the all-weather Trans-Taiga road, which runs parallel to the LG-3 transmission line.

Pending TSXV approval, Saville gets the property by paying Zimtu Capital TSXV:ZC $350,000.

Additionally, Saville announced Michael Hodge’s appointment as president/CEO/director. Having started his career in 1999 on the staking program for Commerce Resources’ (TSXV:CCE) Blue River tantalum-niobium project in British Columbia, Hodge has field experience on over 25 exploration projects as well as success in raising capital for junior miners.

Jody Bellefleur joins Saville as CFO, bringing over 20 years’ experience as a corporate accountant for the sector.

Saville also announced a private placement of up to $270,000. The company closed an $857,300 placement in July. Among other updates, Saville settled $219,000 in debt by issuing shares and warrants that would represent 18.7% of the company’s outstanding shares.

Avoid a European sell-off

November 19th, 2017

Zimtu Capital offers a timely warning to dual-listed companies

by Greg Klein

A little-known legal requirement threatens Canadian companies trading in Europe. But it’s a threat that’s easily avoided. Beginning January 3, the European Securities and Markets Authority (ESMA) will require all companies trading in the continent to have a 20-digit alpha-numeric code called a Legal Entity Identifier. Companies that don’t could be delisted. Companies that don’t apply for an LEI could face a pre-delisting sell-off by European investors.

Zimtu Capital offers a timely warning to dual-listed companies

By disregarding new requirements, Canadian companies
risk unnecessary selling in Frankfurt and elsewhere in Europe.

As the deadline approaches, a surprising number of companies on this side of the pond remain unaware of the requirement. Yet the LEI can be obtained easily. Zimtu Capital TSXV:ZC president Dave Hodge encourages companies to act promptly.

“Zimtu Capital is proud to be one of the leaders in bringing Canadian companies to European markets,” he says. “By getting their LEIs, companies demonstrate commitment to their European shareholders.”

LEIs can be acquired online through an allocating agency such as WM-Leiportal in Germany. No such agencies exist in Canada yet. WM-Leiportal’s English-language online registration takes about 30 minutes. The fee currently comes to an initial €80, with a €70 annual renewal charge. The LEI normally arrives within days of payment being received.

The procedure’s not difficult. Even so, some dual-listed companies have encountered challenges. Having already walked several applicants through the process, Zimtu’s Shaun Ledding compiled a free step-by-step guide available from sledding@zimtu.com.

Zimtu Capital is proud to be one of the leaders in bringing Canadian companies to European markets. By getting their LEIs, companies demonstrate commitment to their European shareholders.—Dave Hodge

As an internationally standardized ID for market participants, the LEI was established by the Financial Stability Board, a Basel, Switzerland-based regulatory committee, on behalf of the G20 in response to the 2008 crisis. Entities such as companies, banks and investment funds use the LEI to comply with a number of financial reporting requirements.

According to the Deutsche Bӧrse Group, “The LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, [but] it can also be utilized by counterparties internally for risk management purposes.”

The ESMA notes that LEIs are also “required or are in the process of being implemented by other regulators, including those in the U.S., Canada and Asia-Pacific.” Last month the ESMA stated it “expects all relevant trading venues and investment firms to comply with the MiFID II requirements on LEIs ahead of the implementation of the new regime on 3 January 2018.”

“Failure to have an LEI number could result in delisting in Germany and denying Germans the ability to trade a company’s shares,” Ledding points out. Adding that investors can check a company’s LEI status online, he warns: “Companies that do not address this could create a situation of risk for shareholders in Germany, prompting them to sell their shares.”

For a copy of his free guide to obtaining an LEI, write to sledding@zimtu.com.

Green energy in Utah

August 18th, 2017

Darryl Jones sees distinctive advantages to Voltaic Minerals’ lithium brine project

by Isabel Belger

Isabel Belger

Isabel Belger

Isabel: I would like to introduce the president and CEO of Voltaic Minerals [TSXV:VLT], Darryl Jones. Hello Darryl, it is a pleasure to talk to you again. How are you?

Darryl: I am good, thanks for asking and having me.

Isabel: To get started, could you tell us a bit about your background?

Darryl: I started in investor relations, working for a multitude of junior mining companies. From there I worked my way in with my father, who was a stockbroker. He was in the business for about 28 years. I worked with him for five or six years at Raymond James and moved from there to PI. I was a broker for 12 years. I then moved on to work with an ex-client where I joined the board of Strikepoint Gold [TSXV:SKP] and from there I made my way to Zimtu Capital [TSXV:ZC]. And here we are, almost two years later.

Isabel: Your company is lithium-focused, but not hard rock deposits and not like the classic salars in South America. Where is your project? And what makes it special?

Darryl: We are in Utah roughly 20 kilometres west of a town called Moab. It is a brine project but it is a non-conventional brine. The Green Energy brine project is hosted in what are called clastic units of the Paradox Basin. It is about 6,000 feet [1,830 metres] deep in an old layered bed-type formation. Effectively it is a buried salar, like the South American salars, except much deeper and under immense pressure and very saturated from what we understand. I guess the three things that make it very interesting are that it is super-saturated with a full spectrum of minerals, it is under immense pressure which is phenomenal because we believe it should just flow out of the ground, and being subjected to tremendous pressure leads to a higher temperature as well. Temperature, pressure and saturation are all key factors for a brine project of this nature.

Isabel: What are your highlights on the project so far?

Darryl Jones sees distinctive advantages to Voltaic Minerals’ lithium brine project

Darryl: It is a historic project, where most of the work was done through oil and gas exploration in the ’60s, ’70s, all the way up to current date. We have been compiling existing well logs, existing data and working with some private well owners and oil and gas groups to get a better understanding of the zone we are working in. We have seen multiple wells out of this formation show significant brine flow. We understand that this horizon has the capability to be a very large resource. From that we expect to test it through an existing well. We are working towards our 5,000-gallon sample which will give us a very strong indication of size, I guess you could say, of the potential resource.

Isabel: When will you know that?

Darryl: We are working with a well owner right now to try to get access as soon as possible. We have got two paths going. We have got the project that we really want to get into, then we are also working on developing a process that will help us unlock the super-saturated brine. The closer we get to strong data that gives us the ability to say unlock the brine will push us to that decision to execute to get into the system. We are hoping this year.

Isabel: What are the plans for the rest of the year?

Darryl: In the next couple of weeks, we will have an agreement in place to re-enter that well and alongside that in the next couple of weeks we are hoping to have some really strong process results to show that we can economically extract what we need from it.

Isabel: Do you have already an idea when you could be producing lithium?

We have always had an aggressive timeline. We believe if we have access to this brine, we could then be six to nine months away from producing some small-scale samples, [provided] that we would have the process that can extract lithium from it.—Darryl Jones

Darryl: We have always had an aggressive timeline. We believe if we have access to this brine, we could then be six to nine months away from producing some small-scale samples, [provided] that we would have the process that can extract lithium from it. First, we want to get this initial set of results back in order to really direct the way we want to go with the sampling. In my opinion, we now have all the pieces in place to support our development timeline, once we get some initial feedback on the process and have access to the brine. That nine-months horizon is real.

Isabel: What makes it so difficult to access those wells?

Darryl: Most of the wellheads are either plugged and abandoned or they are owned and operating for oil and gas operations.

Isabel: Oh, so they are still producing oil and gas there?

Darryl: Yes, there is still a lot of oil production in Utah. Accessing a plugged and abandoned well is difficult on the environmental side. It is basically like drilling your own new well, which can be costly and you don’t know what you are going to get when you are re-entering an existing abandoned well. The other avenue would be re-entering a producing well, which is difficult because you might have to tell the oil and gas company to shut their production so that you can test for lithium. It is a matter of building relationships and being able to go down there to show what the potential value could be. I think we have done that. We have the right team and the right people in place so that we could have that within the next week.

Isabel: Talking about cost effectiveness—the price of lithium has been increasing over the past few years, right now about $9,000 per metric tonne. Do you have any idea presently for what price you will be able to produce lithium?

Darryl: From the start our goal was to work always towards a lowest production cost as possible. Most of the major lithium producers in South America are between $3,000 and $4,000 a ton, which is a great number. We are hoping to match those production costs. We enjoy some great efficiencies operating in Utah, which has very good infrastructure.

So that is where we would like to be, anywhere between $3,000 to $5,000 a ton. I think that will make us a very competitive player in the lithium space.

Isabel: What do you think is and will be the key to this new, ongoing demand for lithium for a junior exploration company like Voltaic Minerals?

Grade is usually one of the first things that people will look at. Something that is also important is the speed to market. The faster you can get to market, the more attention you are going to have. —Darryl Jones

Darryl: You want to have a project that has first and foremost the right grade. Grade is usually one of the first things that people will look at. Something that is also important is the speed to market. The faster you can get to market, the more attention you are going to have. In our opinion no one has broken anything open in North America. We believe the window is still open there for somebody to come up with a profitable solution. I think that is going to be the biggest thing. Anyone that comes to market quickly will have a lot of eyes on them and garner lots of attention.

Isabel: You are right and there is almost no lithium being produced in the U.S. right now.

Darryl: No there isn’t!

Isabel: You may have heard about the big Volkswagen diesel scandal. There is a huge discussion going on about the future of diesel technology, and that switching to electric cars is the solution for all our climate problems. But we tend to forget that many lithium projects would have an adverse impact to our planet as well.

In that respect, isn’t your project, with brine situated at a considerable depth and which comes to the surface under its own pressure, the best-case scenario?

Darryl: Yes, environmentally speaking it is great. We are searching for a straight brine zone, which would give us the opportunity to just effectively strip the lithium out, not change anything else associated with the water, not having any hydrocarbons and effectively put the water back into the ground. That would be the ultimate scenario. We feel we could be a very green company or have a green process which doesn’t hurt anything and greatly benefits this revolutionary battery market.

Isabel: How much of Voltaic Minerals does the management hold?

Darryl: About 15%.

Isabel: How much cash do you have right now?

Darryl: About $500,000.

Isabel: It was a pleasure to talk to you. Thank you for the insights.

Darryl: The same. Good talking to you Isabel. Thank you.

 

Darryl Jones sees distinctive advantages to Voltaic Minerals’ lithium brine project

Darryl Jones, president/CEO
of Voltaic Minerals

Bio

Mr. Jones was an investment adviser with PI Financial Corp Canada and Raymond James Ltd Canada and has 15-plus years of capital market experience and an established financial network. He was responsible for raising significant risk capital for growth companies in all sectors, with a particular focus on natural resources. He also serves as director of Strikepoint Gold Corp.

Fun facts

My hobbies: Snowboarding, playing hockey, golf, spending time with my two-year-old daughter
My favourite tradeshow: Mines and Money shows, PDAC
My favourite commodity: Lithium and gold
With this person I would like to have dinner: Timothy Ferriss
If I could have a superpower, it would be: Reading people’s minds
My role model: My father

Read more about Voltaic Minerals.

Neil McCallum of Dahrouge Geological Consulting looks at the closeology of Zimtu Capital’s 50%-held Munn Lake diamond project

July 31st, 2017

…Read more