Tag: mining

Mining Stock News: Gold79 (TSXV: AUU) Outlines a Large Gold-in-Soil Anomaly at its Tip Top Project, Nevada

Ottawa, Ontario – February 5, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Gold79 Mines Ltd. (TSXV: AUU) (“Gold79” or the “Company”) is pleased to provide results from its recently completed soil geochemical survey at its Tip Top Gold-Silver Project located in Nye County within the Walker Lane gold belt of southern Nevada USA.

Chairman Gary Thompson stated, “Our recent exploration work at the Tip Top Project has identified a northeast-trending, multi-kilometre long gold-in-soil anomaly. This anomaly encompasses the known gold mineralization at Tip Top but also suggests that the hydrothermal system is more extensive than previously thought.”

Figure 1. Location Map of the Tip Top Project and Gold-in-Soil Anomaly

Highlights

  • Gold-in-soil results reveal a pronounced multi-kilometre northeast-trending anomaly
  • The soil results also highlight a large mercury anomaly associated with the gold-in-soil results
  • Mapping and sampling conducted in 2020 have identified the structural controls on gold mineralization as well as zoned

Analyst: Mining Project in Quebec Offers ‘Zone Displaying Promise’

January 19, 2021 (Investorideas.com Newswire) Troilus Gold’s new drill results and their implications are talked over in a Haywood Capital Marketplaces report.

In a Jan. 12 analysis note, Haywood Funds Marketplaces analyst Pierre Vaillancourt observed that Troilus Gold Corp. (TLG:TSX CHXMF:OTCQB) announced the conclusions from the two original holes drilled at the Troilus property as component of its fall-winter season 2020 marketing campaign. “The drill results show promising opportunity for the Southwest zone to become the centre of gravity for the Troilus deposit,” he additional.

Vaillancourt pointed out that the two holes showed extension of gold mineralization within and outside of the Southwest zone open up pit as described in the 2020 preliminary economic assessment (PEA).

TLG-ZSW20-204, a 200 meter (200m) stepout gap, encountered wide gold mineralization among 50 meters and 450 meters from area, outside of the useful resource envelope and the proposed pit.

Hole TLG-ZSW20-201 verified that mineralization

Piedmont Lithium and Sayona Mining deal highlights importance of area assignments to US EV makers

  • US-primarily based Piedmont Lithium to commit $US12m ($15.5m) in Canada-based lithium explorer Sayona Mining
  • Offtake deal for 60,000 tonnes for each calendar year of Quebec spodumene focus for Piedmont’s US challenge in North Carolina
  • Offer generates lithium hub in Quebec’s Abitibi region to supply North American and Global battery marketplaces

 

Piedmont Lithium’s (ASX:PLL) acquisition of a strategic stake in Canada-centered lithium explorer Sayona Mining (ASX:SYA) highlights the value to US-centered EV makers of owning a comparatively small source chain and accessibility to nearby supply sources.

Outgoing US President Donald Trump signed an Govt Order in Oct that sought to decrease US dependence on imported supplies of 35 vital minerals like antimony, cobalt, graphite, lithium and tantalum.

Piedmont Lithium secured in September a significant supply deal with Tesla for lithium hydroxide creation from its North Carolina facility which is focusing on creation of 22,700 tonnes for each year.

Tesla, as an

Mining Inventory News: Fortuna Silver Mines (TSXV: AUU) Enters into Possibility Agreement for Taviche Task, Mexico

Ottawa, Ontario – January 8, 2021 (Newsfile Corp.) (Investorideas.com Newswire) Gold79 Mines Ltd. (TSXV: AUU) (“Gold79” or the “Enterprise”) announces that Minaurum Gold Inc. and its wholly owned subsidiary, Minera Minaurum Gold SA de CV (“MGG”) have entered into an selection agreement with Fortuna Silver Mines Inc. and Fortuna’s wholly owned subsidiary, Compania Minera Cuzcatlan SA de CV (“CMC”), pursuant to which CMC can gain up to an 80 p.c fascination in the Taviche silver job located in Oaxaca, Mexico.

Details with regard to this possibility arrangement have been announced by MGG on January 7, 2021. CMC will act as operator of the task and can make an initial 60% curiosity in the project by producing hard cash payments to MGG of US$450,000 and incurring US$4 million in do the job expenses over a a few calendar year period.

Gold79 retains a 20% no cost-carried desire in the Taviche task

Mining Inventory Information: Silver Sands Means (CSE: SAND) Announces Completion of Period I Exploration Method at Virginia Task, Argentina

Vancouver, British Columbia – December 22, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Silver Sands Means Corp. (CSE: SAND) (“Silver Sands” or the “Organization”) is happy to announce the successful completion of the Phase I exploration system at the Virginia Silver Project (“Virginia”) in Santa Cruz province, Argentina. Mirasol Sources Ltd. (“Mirasol”) is the operator of Virginia pursuant to the Firm’s solution to invest in arrangement with Mirasol.

Mirasol’s Chair and Interim CEO, Patrick Evans, commented: “The productive completion of this preliminary software at Virginia is a credit to our seasoned operating team in Argentina. In spite of the problems posed by the COVID pandemic, the application was completed properly and exceeded the planned work targets. The final results from the Virginia program will be unveiled in early 2021.”

Silver Sands’ CEO, Keith Anderson, commented: “We would like to commend Mirasol’s Argentine workforce as we were being capable to raise the dimensions

Mining Stock News: Pacific Empire (TSXV: PEMC) Indicators Definitive Arrangement to Solution Kitimat Copper-Gold Job

Vancouver, British Columbia – December 18, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Pacific Empire Minerals Corp. (TSXV: PEMC) (“Pacific Empire”, “PEMC” or the “Business”) is pleased to announce it has signed a Definitive Arrangement (the “Settlement”) to grant CAVU Mining Corp. (“CAVU”) an exclusive possibility (the “Alternative”) to gain up to a 100% desire in the Firm’s 3,070-hectare Kitimat Copper-Gold Job (the “Challenge”) in British Columbia, Canada.

Highlights of the Settlement consist of:

  • Funds payments of CDN$390,000 over 3 a long time to PEMC
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  • Share payments of 1,325,000 to PEMC
  • &#13

  • A minimum amount of CDN$1,000,000 of exploration expenditures at the Project, to be fully funded by CAVU
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Remember to see the Transaction Details part under for much more details on the Arrangement. The prepared get the job done method will be formulated in the coming months by CAVU Mining Corp. and will develop on previous drilling, geophysical

Mining Stock News: C3 Metals (TSXV: CCCM) Receives Drilling Approval for Jasperoide Copper-Gold Project

Toronto, Ontario – December 11, 2020 (Newsfile Corp.) (Investorideas.com Newswire) C3 Metals Inc. (TSXV: CCCM) (“C3 Metals”) is pleased to advise that it has received authorization from the Peruvian Ministry of Energy and Mines for drilling on the Company’s flagship Jasperoide Project located in the prolific Andahuaylas-Yauri Porphyry-Skarn Copper Belt of Peru. Camp construction is underway, and drilling will follow immediately thereafter.

Jasperoide comprises a large, underexplored copper-gold mineralised skarn-porphyry system that is developed in a similar geological setting to several nearby large copper mines, including Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

C3 Metals Executive Chairman, Tony Manini, commented, “We are delighted to have received the necessary permit to commence drilling activities at Jasperoide. We view the Jasperoide project as an exceptional copper-gold opportunity that will drill test a large-scale mineralised system in a world class copper region. We look forward to reporting a consistent flow of news

Mining Inventory Information: BAYHORSE (TSXV: BHS) Mobilizes Diamond Drill to Harrison Substantial Quality Gold Challenge

Vancouver, British Columbia – December 7, 2020 (Newsfile Corp.) (Investorideas.com Newswire) Bayhorse Silver Inc. (TSXV: BHS) (the “Organization” or “Bayhorse”) has mobilized products and personnel to the Harrison Large Quality Gold Job, Harrison, BC., Canada, for its diamond drill program and underground bulk sampling method.

Figure 1. Proposed diamond drill sample to validate historical useful resource values for the Jenner Zone

The very first drill holes are concentrating on the Jenner Zone, then the RN & Portal (Easter Egg) Zones, the place Bema Gold/Kerr Addison Mining (BGKM) outlined historic resources as tabulated below. The goal is establishing a recent NI-43-101 gold source.

Centered on surface area and underground drilling completed by Bema above the 50 meter ASL stage, Norman (1989), using a a person gram slash off grade for the Jenner Zone and a 2 gram slash-off grade for the Portal Zone, estimated that the Jenner and Portal Zones incorporate

Minnesota considers new lease on defaulted mining project in Nashwauk

The state of Minnesota could issue a new lease for the defaulted Mesabi Metallics Co.’s taconite project in Nashwauk under an amendment proposal the governor’s executive council will review Wednesday.

The lease amendments proposed by the Minnesota Department of Natural Resources (DNR) require Mesabi Metallics to first put $24.5 million into escrow accounts by Tuesday and to pay an additional $11.5 million in past-due rents and royalties owed to the state.

The funds would be overseen and used by the DNR, the state Department of Employment and Economic Development and Itasca County.

If approved by the state’s executive council, the newly amended lease will require Mesabi Metallics and its two partners — Essar Global and HBI Newco — to complete construction of several structures in Nashwauk by specific dates, a task that has proved difficult to date.

Mesabi Metallics “is pleased to announce it has agreed to the terms of