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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals


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To: LoneClone who wrote (18144)4/6/2021 3:54:27 PM
From: LoneClone
   of 19140
 
[Vanadium] Blue Sky Uranium Commencing Advanced Process Design Testwork for the Ivana Uranium-Vanadium Deposit

newswire.ca

Blue Sky Uranium Corp. Apr 06, 2021, 09:30 ET

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, April 6, 2021 /CNW/ - Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that the Company is preparing to execute a second phase of process design tests for the Ivana uranium-vanadium deposit at the Company's Amarillo Grande Project in Rio Negro Province, Argentina. Independent Technical Advisor Chuck Edwards, P.Eng., will again oversee the testwork program and ongoing process design to support future advanced engineering studies.

"The Ivana deposit is the cornerstone of value at the Amarillo Grande Project. This detailed metallurgical program is a key step to further advancing Ivana and building additional value for the project as a whole," stated Nikolaos Cacos, Blue Sky President & CEO.

The metallurgical testwork will be completed at the Saskatchewan Research Council, (SRC) in Saskatoon, Saskatchewan. SRC is one of Canada's leading providers of applied research, development & demonstration, and technology commercialization, including specific expertise in uranium. SRC is an ISO 9001:2015 certified company. Results of these studies will allow refined processing capital and operating cost estimates and will assess the characteristics of final uranium and vanadium products. Further program details and a summary of previous results are provided below.

Chuck Edwards P.Eng. is a distinguished Professional Engineer and metallurgist with extensive experience in Research and Development, operations, government service, consulting and engineering management. He specializes in uranium processing for both alkaline and acid leach plants and was involved in the engineering design of all the current uranium facilities in Saskatchewan's Athabasca Basin, and has worked on uranium projects on five continents. Mr. Edwards was the Process Engineering Advisor at the Saskatchewan Research Council, Director of Metallurgy at Amec Foster Wheeler, and Principal Metallurgist at Cameco Corporation, among others. Further, he has been a Technical Consultant to the International Atomic Energy Agency (IAEA), Vienna Austria since 1999 and served as President of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) in 2011-2012. He was the independent qualified person responsible for the process design and testwork program for Ivana documented in the Preliminary Economic Assessment (PEA) announced February 27, 2019. Further details on Chuck Edwards background can be found here.

Details of Current Process Design Program

The upcoming studies will be carried out on a new composite bulk sample consisting of mineralized material from the Ivana deposit. The process unit operations to be investigated in this second set of tests include:

  • membrane filtration and liming
  • uranium-vanadium separation by solvent extraction
  • uranium and vanadium precipitation
  • uranium calcining, and vanadium calcining.
Membrane filtration tests will be carried out with loaded leach solution (liquor) from the alkaline carbonate process. The membrane filtration process will yield three products: 1) a concentrated loaded leach liquor, 2) a concentrated reagent liquor for reuse in leaching, and 3) a clean fluid for washing uranium and vanadium precipitates. The testwork will determine the precise chemistry and the flow rate of each process stream.

Liming reduces the bicarbonate concentration in the concentrated loaded leach liquor and also precipitates impurities such as sulfate ion, iron, thorium and radium. The precipitates are removed by filtration. The filtrate is feed to the solvent extraction (SX) circuit. The program will assess the consumption of liming reagents and the precise chemistry and the flow rate of each process stream.

The SX circuit separates the uranium and the vanadium into two aqueous solutions. The uranium solution is feed to the uranium precipitation process. Similarly, the vanadium solution is feed to the vanadium precipitation process.

Uranium is precipitated as uranium peroxide, also known as yellowcake, which is calcined to uranium oxide, which is drummed for shipping to customers. Vanadium is precipitated as ammonium metavanadate, also known as redcake, which is calcined to vanadium pentoxide, which is also drummed for shipping to customers. The testwork program will evaluate the efficiency of the precipitation process for each of uranium and vanadium, the consumption of precipitation reagents, the precise chemistry and flow rate of each process stream, and the purity of the uranium oxide and the vanadium pentoxide products relative to market standards.

Summary of Metallurgical Results to Date

In December 2018, BSK completed a first set of process design tests for the Ivana uranium-vanadium mill. The tests were completed at the Saskatchewan Research Council (SRC) in Saskatoon, Saskatchewan.

Based on the testwork, the overall process plant recovery is 85% for uranium (derived from 89% leach feed preparation recovery and 95% subsequent alkaline leach circuit recovery); and 53% for vanadium (derived from 89% leach feed preparation recovery and 60% subsequent alkaline leach circuit recovery). Recoveries were determined through the mineralogical, metallurgical and process engineering test work program completed by The Saskatchewan Research Council (SRC), as detailed in the Blue Sky's Press Release dated February 7th, 2019.

The work in included:

  • Mineralogical determination
  • leach feed preparation
  • leach feed thickening
  • slurry carbonation
  • uranium-vanadium leach
  • leach tailings filtration
The conventional uranium minerals in the Ivana test sample are carnotite, liebigite, and tyuyamunite. Two additional uranium minerals include an oxidized variant of coffinite, called ß-coffinite by Blue Sky, and a yet un-named one.

Leach feed preparation, using agitated attrition scrubbing, separates the smaller -100 micron diameter uranium-vanadium particles from the larger barren +100 micron diameter particles. The smaller particles constitute the leach feed. The larger particles are waste, eventually to be disposed in mined-out areas. Leach feed preparation increases the leach feed uranium and vanadium grades by approximately four times.

Leach feed thickening provides a suitable leach feed slurry density for leaching. Slurry carbonation increases the concentration of leach reactants to a level suitable for uranium and vanadium leaching.

The uranium-vanadium leach is an alkaline carbonate (sodium carbonate and bicarbonate) process. No oxidant was required to achieve the recoveries noted above.

Leach tailings filtration separates the waste barren leached solids (tailings) from the valuable uranium-vanadium loaded leach liquor.

Process Design Criteria

The process data from all of the process design tests will be used to derive process design criteria for the Ivana uranium-vanadium mill, allowing more refined design of the mill and derivation of capital and operating cost estimates for the mill.

Qualified Persons

The metallurgical program is conducted under the guidance of Chuck Edwards, P. Eng. FCIM, an independent consultant to the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Mr. Edwards.

The design of the Company's exploration programs is undertaken by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101.

About the Amarillo Grande Project

The Company's 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the Project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed. Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading.

The Project includes several other target areas over a regional trend, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas and advancing the entire project to prefeasibility level.

For additional details on the project and properties, please see the Company's website www.blueskyuranium.com.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

SOURCE Blue Sky Uranium Corp.

For further information: Corporate Communications: Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email: info@blueskyuranium.com

Related Links www.blueskyuranium.com

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To: LoneClone who wrote (18145)4/7/2021 11:45:24 AM
From: LoneClone
   of 19140
 
Alpha Lithium Completes Second of Three Phase Drilling Program

ca.finance.yahoo.com

Alpha Lithium Corp
Wed., April 7, 2021, 6:00 a.m.·6 min read

VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62) (“Alpha” or the “Company”), sole owner of one of the last large, undeveloped salars in Argentina’s Lithium Triangle, is pleased to announce that it has completed Phase 2 drilling at the Tolillar Salar. The Company is now working on completion operations for these wells and based on the success in Phase 2, is preparing the road and drilling pad for the start of Phase 3.

Phase 2 consisted of two production wellbores, the first drilled to 100 meters and the second to 350 meters. The Company experienced slight supply chain delays on both wells while waiting on production casing delivery, which has subsequently been resolved.

Both wells were logged with advanced logging equipment provided by Zelandez Services Argentina (“Zelandez”). Zelandez utilized Nuclear Magnetic Resonance (“NMR”) technologies which are typically utilized in oilfield services applications to provide accurate porosity and pore size distribution of the sediments. Ultimately, these measurements are used to calculate formation permeability and provide estimates of hydraulic conductivity, both of which are required by Alpha’s independent engineering firm to complete a resource estimate.

Alpha is currently planning to provide a NI 43-101 Resource Estimate after Phase 3 drilling is completed.

Based on promising historic data at the Tolillar Salar, Alpha elected to drill all holes as production wells versus core holes. While core sampling is faster to drill, it does not result in pumpable wells where traditional aquifer tests can be realized to obtain hydraulic parameters. Core sampling provides lithological data that may take months to analyze with the objective focused on simply improving knowledge of reservoir characteristics such as drainable porosity. Production wells are immediately capable of production, can be logged to determine effective porosity and permeability, and can be flow-tested to determine brine deliverability parameters and composite brine chemistry that are ultimately needed for lithium processing.

As Alpha has always been focused on the prime objective achieving production as quickly as possible, the decision was made to drill production wells and log them using Zelandez’s NMR technology to provide data similar to what core testing would provide. This decision has resulted in wellbores capable of production while simultaneously saving 3-6 months of analysis and 30% of the total drilling cost. These techniques are relatively new to the lithium exploration industry; however, the Alpha team is acutely aware of NMR technology which is extensively used in the oil and gas industry to great effect.

Brad Nichol, President and CEO, commented, "I am very excited that we have completed the second phase of drilling and to be so quickly moving onto the final stage. Technical discussions are underway with regards to additional drilling in Tolillar. As our focus from the beginning has been on bringing Tolillar into production as soon as possible, the timing of these wellbores coincides perfectly with Lilac Solutions testing to determine the viability of our brine chemistry with Lilac’s Direct Lithium Extraction offering.”

Based on the success of previous Phases, the Company will relocate the drill rig to its Phase 3 location where Alpha will commence drilling the deepest well of its three-phase campaign later this month.

Qualified Person

Michael Rosko, MS, PG, of E. L. Montgomery and Associates (M&A) of Santiago, Chile, is a registered geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration (SME No. 4064687), and a qualified person as defined by National Instrument 43-101. Mr. Rosko has extensive experience in salar environments and has been a qualified person on many lithium brine projects. Mr. Rosko and M&A are completely independent of Alpha Lithium. Mr. Rosko has reviewed and approved the scientific and technical content of this news release.

ON BEHALF OF THE BOARD OF ALPHA LITHIUM CORPORATION

“Brad Nichol”

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
info@alphalithium.com

About Alpha Lithium (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62)

Alpha Lithium is a growing team of industry professionals and experienced stakeholders focused on the development of the Tolillar Salar. Together, we have assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium players in the heart of the renowned “Lithium Triangle.” Other companies in the area exploring for lithium brines or currently in production include Galaxy Lithium, Livent, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari. For more information visit: globenewswire.com.

Forward-Looking Statements

No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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To: LoneClone who wrote (18146)4/7/2021 12:27:56 PM
From: LoneClone
   of 19140
 
Musk Metals Acquires the Pakeagama Lithium Claims in the “Electric Avenue” Pegmatite Field, Northwestern Ontario

ca.finance.yahoo.com

Musk Metals Corp.
Tue., April 6, 2021, 11:00 p.m.·5 min read

Map 1



Figure 1. Proximity of Musk Metals claims to the PAK and Spark lithium deposits of Frontier Lithium
Figure 1. Proximity of Musk Metals claims to the PAK and Spark lithium deposits of Frontier LithiumMap 2



Figure 2. Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario

Figure 2. Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario

VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Musk Metals Corp. (“Musk Metals” or the “Company”) (CSE: MUSK) (OTC: EMSKF) (FSE: 1I30) is pleased to announce that it has entered into an agreement to acquire a 100% interest in the Pakeagama Lithium claims, located in the “Electric Avenue” pegmatite field of northwestern Ontario. The property consists of four contiguous mining claims covering approximately 1,490 hectares. Musk’s Pakeagama property is contiguous to Frontier Lithium’s claim group and only 3km south of the “PAK” and “SPARK” lithium deposits (see Figure 1).

The nearby PAK Lithium deposit contains one of North America's highest-grade, large tonnage hard-rock lithium resources in the form of a rare low-iron spodumene. The PAK deposit has a mineral reserve in the proven and probable categories of 5.77 MT averaging 2.06% Li2O and hosts a rare technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3). The Spark Deposit, located 2.5km northwest of the PAK, was winner of the “2019 Discovery of the Year Award”. The Spark Deposit has a mineral resource estimate of 3.2 MT averaging 1.59% Li2O (indicated) and 12.2 MT averaging 1.36% Li2O (inferred). Frontier Lithium recently completed a Preliminary Economic Assessment that outlines life of project revenue of $8.52 billion over 26-year total project life, and a chemical plant producing 23,174 tonnes of battery-quality lithium hydroxide monohydrate (LiOH-H2O) per year (See FL: TSX.V news dated February 16th 2021).

Figure 1. Proximity of Musk Metals claims to the PAK and Spark lithium deposits of Frontier Lithium is available at globenewswire.com

Musk Metals CEO and Director, Nader Vatanchi states, "Musk’s second lithium project acquisition is situated next to one of North America's highest-grade, large tonnage hard-rock lithium resources in Ontario’s Electric Avenue. Musk Metals has continued to diversify its portfolio of highly prospective exploration projects to include the “Pakeagama” lithium property as the Company continues to maximize shareholder value by participating in the battery revolution.

The Electric Avenue is host to four known lithium bearing pegmatite deposits thus far, all occurring in a northwest trending belt proximal to the Bear Head Fault (Figure 1). The Bear Head Fault is a regional crustal scale structure that is traceable for over 400km through Ontario and Manitoba and is associated with the emplacement of peraluminous fertile granites host to the spodumene-rich lithium bearing pegmatites. Studies by Breaks et al. (OFR6000) in 1998 concluded that the Pakeagama Lake pegmatite field was one of the largest and most evolved rare-element pegmatite systems in the Superior Province of Ontario. Within Musk’s Pakeagama lithium claims are six pegmatic granite occurrences that have been mapped by the Ontario Geological Survey (Map P3224). The property is also strategically located along the Sandy Lake First Nations winter road and the PAK lithium deposit winter road.

Figure 2. Musk Metals Pakeagama lithium claim location along the Electric Avenue, northwestern Ontario is available at globenewswire.com

Acquisition Terms
The Company has entered into an option agreement with two arm’s length parties pursuant to which the Company has agreed to the following terms: (a) payment of $8,000 and issuance of 300,000 common shares of the Company within three business days of signing the option agreement; (b) payment of $12,000 and issuance of 300,000 common shares of the Company on the first-year anniversary; (c) payment of $20,000 on the second-year anniversary; and (d) payment of $30,000 on the third-year anniversary. The property is subject to a 1.5% Net Smelter Return (“NSR”) to the Vendor of which the Company has the right to purchase a 0.5% NSR for $500,000. The agreement is subject to normal course due diligence and applicable regulatory approval.

Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.

Make sure to follow the Company on Twitter, Instagram and Facebook as well as subscribe for Company updates at www.muskmetals.ca

About Musk Metals Corp.
Musk Metals is a publicly traded exploration company focused on the development of highly prospective, discovery-stage mineral properties located in some of Canada’s top mining jurisdictions. The growing portfolio of mineral properties exhibit favorable geological characteristics in underexplored areas within the prolific “Electric Avenue” pegmatite field of northwestern Ontario, the “Abitibi Lithium Camp” of southwestern Quebec, the “Golden Triangle” district of British Columbia, the mineral-rich “Red Lake” mining camp of Northwestern Ontario and the “Chapais-Chibougamau” mining camp, the second largest mining camp in Quebec, Canada.

ON BEHALF OF THE BOARD

Nader Vatanchi
CEO & Director

For more information on Musk Metals, please contact:

Phone: 604-717-6605
Corporate e-mail: info@muskmetals.ca
Website: www.muskmetals.ca
Corporate Address: 303 – 570 Granville Street, Vancouver, BC, V6C 2P1

Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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To: LoneClone who wrote (18147)4/7/2021 12:31:01 PM
From: LoneClone
   of 19140
 
[Vanadium] International Consolidated Uranium Provides Update on the Moran Lake Uranium and Vanadium Project in Labrador

ca.finance.yahoo.com

International Consolidated Uranium Inc.
Wed., April 7, 2021, 4:00 a.m.·15 min read

Figure 1 – Map of the Central Mineral Belt



Figure 1 – Map of the Central Mineral Belt

Figure 1 – Map of the Central Mineral Belt

VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- International Consolidated Uranium Inc. (“CUR” or the “Company”) (TSXV: CUR) is pleased to provide an updated relating to the Moran Lake Project in Labrador (the “Project”). The Company entered into an option agreement with a private, arm’s-length party in November of 2020 to acquire a 100% interest in the project.

Key Points:

  • Summer Program Planned – A permit application has been submitted to the relevant authorities with respect to a planned summer field program on the Project. The program is expected to commence on or about July 1, 2021 and will include UAV topo survey (LiDAR and/or photogrammetry) and geological mapping/structural analysis.

  • 43-101 Technical Report Underway - Terrane Geoscience Inc., based in Maritime Canada, has been retained to complete a technical report on the Project in compliance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Completion of the report will require a site visit to the Project, which is currently scheduled for later this month but may be delayed due to COVID 19 travel restrictions. The technical report will be filed on SEDAR when completed.

  • Historical Data Being Compiled and Analyzed – The Project was the subject of significant past exploration programs. The Company is now in possession of a large amount of the data from the past work which includes drilling data, mapping, sampling, metallurgy and numerous geophysical surveys. Specifically, the geophysical data includes Gravity, EM, IP, Magnetics and Radiometric surveys. A thorough review of this data is underway which will be used to further refine the geological model and enhance our understanding of the controls on mineralization. This work, when taken together with results from the planned summer program, will be used to help determine the next steps for the Project.

  • Aggressive Staking in the Central Mineral Belt – Recent staking activity in the Central Mineral Belt has seen large amounts of ground taken up, by other parties, including to the east, west and south of the Moran Lake Project (Figure1). In particular, Altius Minerals Corporation has taken up a substantial ground position in the Belt.

  • Canada Remains Focus Area – Moran Lake is one of three projects that the Company has optioned or acquired in Canada, such that the Company now has a presence in Nunavut and Quebec as well as Labrador. As one of the top global mining jurisdictions and having significant past expenditures on uranium exploration and development, the Company intends to continue to build out its project portfolio in Canada.

  • Philip Williams, CEO commented “Moran Lake is a perfect case study of our strategy for advancing projects in our portfolio. In most cases, the projects we are acquiring have significant past expenditure so step one is consolidating and analyzing all the historical data we can find. At Moran Lake our planned summer work program, while small in budget, will serve to maintain the project in good standing while at the same time provide useful information for determining the next steps for the project. We are encouraged, although not surprised, to see other players take up positions in the Central Mineral Belt alongside Moran Lake. The area is prospective for both Uranium and iron oxide copper-gold (IOCG) mineralization and, in our view, any new discoveries will only serve to elevate the value of our project which already hosts historic uranium and vanadium resource estimates.”

    The Moran Lake Uranium Project

    The Project is located within the Central Mineral Belt of Labrador, approximately 140 kilometres north of the town of Happy Valley-Goose Bay and 85 kilometres southwest of the coastal community of Postville on Kaipokok Bay. Access to the Project is by helicopter and float plane out of Goose Bay.

    Figure 1 – Map of the Central Mineral Belt is available at globenewswire.com

    Uranium was first discovered near Moran Lake by British Newfoundland Exploration Ltd. (Brinex), which conducted prospecting, geological mapping and radiometric surveying in the area from 1956 to 1958. The uranium mineralization is structurally controlled, typically hosted within fracture systems and to a lesser extent within shear zones. In outcrop, it is clear that local faulting, brecciation and alteration, all of uncertain age, are associated with the uranium-copper mineralization at the Moran Lake C zone. The mineralization is epigenetic and occurs in mafic volcanics of the Joe Pond formation, Moran Lake Group, as well as in overlying sedimentary rocks of the Heggart Lake formation, Bruce River Group.

    Uranium mineralization at the C zone mainly occurs in two distinct zones, referred to as the Upper C (“UC”) and Lower C (LC). Mineralization in the UC is hosted within brecciated, hematite altered and/or bleached mafic volcanics, and hematitic cherts of the Joe Pond formation, while mineralization in the structurally underlying LC is hosted predominantly within chloritized (reduced) sandstones of the Heggart Lake formation. The UC also contains vanadium mineralization hosted mainly by hematized and brecciated mafic volcanic rocks of the Joe Pond formation and brecciated gabbro or diabasic intrusives. In many areas, the vanadium concentration is directly proportional to the intensity of hematization and brecciation. The occurrence of vanadium mineralization may coincide with, but is not restricted to, zones of uranium mineralization.

    In 2004, Crosshair Exploration and Mining entered an option agreement with prospectors to earn an interest in claims in the area including those being optioned by CUR. Crosshair conducted exploration between 2005 and 2012 ultimately abandoning the claims on Nov. 1, 2013.

    Global Historic Mineral Resource Table

    The table below sets out the historical mineral resource estimates for each project CUR currently owns outright or on which it has announced an option agreement. The mineral resource estimate for each project is considered to be a “historical estimate” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and is not considered by the Company to be current.

    Project

    Location

    Category

    Tonnes
    (m)


    U3O8
    Cut-Off
    Grade
    (ppm)


    Grade
    U3O8
    (ppm)


    Contained
    U3O8
    (m lbs)


    V2O5
    Cut-Off
    Grade
    (ppm)


    Grade
    V2O5
    (ppm)


    Contained
    V2O5
    (m lbs)


    Ben Lomond

    Queensland,
    Australia


    Indicated

    1.33

    500

    2700

    7.9




    Inferred

    0.6

    500

    2100

    2.8




    Georgetown/
    Maureen


    Queensland,
    Australia


    Indicated

    3.1

    150

    900

    5.9




    Inferred

    0.2

    150

    1100

    0.4




    Mountain Lake

    Nunavut,
    Canada


    Inferred

    1.6

    1000

    2300

    8.2




    Moran Lake

    Labrador,
    Canada










    Vanadium Outside of Uranium

    Indicated

    7.8




    1500

    1800

    30.9

    Vanadium Within Uranium

    Indicated

    6.9

    150

    340

    5.2


    780

    11.9

    Total


    Indicated

    14.7


    340

    5.2


    1517

    42.8

    Vanadium Outside of Uranium

    Inferred

    21.6




    1500

    1710

    81.3

    Vanadium Within Uranium Upper C Zone

    Inferred

    5.3

    150

    240

    2.8


    890

    10.4

    Vanadium Within Uranium Lower C Zone

    Inferred

    1.5

    350

    500

    1.6


    580

    1.9

    Total


    Inferred

    28.3


    334

    4.4


    1596

    93.6

    Laguna Salada

    Chubut,
    Argentina










    Guanaco


    Indicated

    44.6

    25

    55

    5.5


    530

    52.0

    Lago Seco


    Indicated

    2.7

    100

    145

    0.9


    840

    5.0

    Total


    Indicated

    47.3


    60

    6.4


    550

    57.0

    Guanaco


    Inferred

    19.4

    25

    80

    3.4


    555

    23.7

    Lago Seco


    Inferred

    1.3

    100

    130

    0.4


    1065

    3.1

    Total


    Inferred

    20.8


    85

    3.8


    590

    26.9

    Dieter Lake

    Quebec,
    Canada


    Inferred

    19.3

    200

    570

    24.4






    Technical Disclosure and Qualified Person


    The scientific and technical information contained in this news release was prepared by Peter Mullens (FAusIMM), CUR’s VP Business Development, who is a “Qualified Person” (as defined in NI 43-101).

    Each of the above mineral resource estimates are considered to be “historical estimates” as defined under NI 43-101, and have been sourced as follows:

  • Ben Lomond: dated as of 1982, and reported by Mega Uranium Ltd. in a company report entitled “Technical Report on the Mining Leases Covering the Ben Lomond Uranium-Molybdenum Deposit Queensland, Australia” dated July 16, 2005;

  • Georgetown/Maureen: dated as of June 25, 2008, and reported by Mega Uranium Ltd. in a company report entitled “A Review and Resource Estimate of the Maureen Uranium-Molybdenum Deposit, North Queensland, Australia Held by Mega Uranium Ltd.” dated June 25, 2008;

  • Mountain Lake: dated as of February 15, 2005 and reported by Triex Mineral Corporation in a company report entitled “Mountain Lake Property Nunavut” dated February 15, 2005;

  • Moran Lake: dated as of January 20, 2011 as revised March 10, 2011 and reported by Crosshair Exploration & Mining Corp. in a company report entitled “Technical Report on the Central Mineral Belt (CMB) Uranium – Vanadium Project, Labrador, Canada” dated January 20, 2011 as revised March 10, 2011;

  • Laguna Salada: dated as of May 20, 2011 and reported by U3O8 Corporation in a company report entitled “NI 43-101 Technical Report Laguna Salada Initial Resource Estimate” dated May 20, 2011; and

  • Dieter Lake: dated 2006 and reported by Fission Energy Corp. in a company report entitled “Technical Report on the Dieter Lake Property, Quebec, Canada” dated October 7, 2011.

  • In each instance, the historical estimate is reported using the categories of Mineral Resources and Mineral Reserves as defined by NI 43-101, but is not considered by the Company to be current. In each instance, the reliability of the historical estimate is considered reasonable, but a Qualified Person has not done sufficient work to classify the historical estimate as a current Mineral Resource and the Company is not treating the historical estimate as a current Mineral Resource. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results.

    For Ben Lomond, as disclosed in the above noted technical report, the historical estimate was prepared by The Australian Atomic Energy Commission (AAEC) using a sectional method. The parameters used in the selection of the ore intervals were a minimum true thickness of 0.5 metres and maximum included waste (true thickness) of 5 metres. Resource zones were outlined on 25 metre sections using groups of intersections, isolated intersections were not included. The grades from the composites were area weighted to give the average grade above a threshold of 500 ppm uranium. The area was measured on each 25 metres section to give the tonnage at a bulk density of 2.603. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Ben Lomond historical estimate as a current Mineral Resource.

    For Georgetown/Maureen, as disclosed in the above noted technical report, the historical estimate was prepared by Mining Associates using a block model estimation methodology. Resource modelling was carried out on a database comprising 94,810 metres of combined drilling. Using a variety of estimation techniques, a 5x5x5 metre block model was constructed. This defined the shallow westward-dipping mineralisation mantos which contain the higher-grade zones. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Georgetown/Maureen historical estimate as a current Mineral Resource.

    For Mountain Lake, as disclosed in the above noted technical report, the historical estimate was prepared by F.R. Hassard, B.A.Sc., P. Eng. (Qualified Person) using the polygon method. The resource estimate was based on a minimum grade of 0.1% U3O8, a minimum vertical thickness of 1.0 metre. and specific gravity of 2.5. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Mountain Lake historical estimate as a current Mineral Resource.

    For Moran Lake, as disclosed in the above noted technical report, the historical estimate was prepared by C. Stewart Wallis P. Geo, Barry A. Sparkes, P. Geo., Gary H. Giroux, P. Eng. (Qualified Person) using three-dimensional block models utilizing ordinary kriging to interpolate grades into each 10m x 10m x 4m high block. For the purpose of the vanadium resource estimate, a vanadium specific model was created in the Upper C rock package above the C Zone thrust fault. The vanadium model is based on a wireframe solid defining the vanadium mineralized envelope using an external cut-off of approximately 0.1% V2O5. For the purposes of the estimates, a specific gravity of 2.83 was used. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Moran Lake historical estimate as a current Mineral Resource.

    For Laguna Salada, as disclosed in the above noted technical report, the historical estimate was prepared by Coffey Mining Pty. Ltd. using block models utilizing ordinary kriging to interpolate grades into each 1000m x 1000m x 10m parent cell. For the purposes of the estimate, bulk density of 1.7t/m³ was used for Lago Seco and 1.95t/m³ for Guanaco. The Company would need to conduct an exploration program, including trenching in order to verify the Laguna Salada historical estimate as a current Mineral Resource.

    For Dieter Lake, as disclosed in the above noted technical report, the historical estimate was prepared by Davis & Guo using the Thiessen (Voronoi) polygon method. Data constraints used were 200 ppm, 500 ppm, and 1000ppm U3O8 over a minimum of 1 metre thickness. Polygons created had radii of 200 metres. A rock density of 2.67g/cm3 was used. The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Dieter Lake historical estimate as a current Mineral Resource.

    About International Consolidated Uranium

    International Consolidated Uranium Inc. (formerly, NxGold Ltd.) is a Vancouver-based exploration and development company. The Company has entered option agreements to acquire five uranium projects in Australia, Canada and Argentina each with significant past expenditures and attractive characteristics for development. With Mega Uranium Ltd., the Company has the right to acquire a 100% interest in the Ben Lomond and Georgetown uranium projects in Australia; with IsoEnergy Ltd., the right to acquire a 100% interest in the Mountain Lake uranium project in Nunavut, Canada; with a private individual, the Company has the right to acquire a 100% interest in the Moran Lake uranium and vanadium project in Labrador, Canada, with U3O8 Corp., the Company has the right to acquire a 100% interest in the Laguna Salada uranium and vanadium project in Argentina; and the company has acquired the Dieter Lake project in Quebec, Canada. The Company entered into the Mountain lake option agreement with IsoEnergy Ltd. on July 16, 2020, and the transaction remains subject to regulatory approval, as does the transaction with U3O8 Corp. on the Laguna Salada Project.

    In addition, the Company owns 80% of the Mt. Roe gold project located in the Pilbara region of Western Australia and an equity interest in Meliadine Gold Ltd., the owner of the Kuulu Gold Project (formerly
    known as the Peter Lake Gold Project) in Nunavut.

    Philip Williams
    President and CEO
    International Consolidated Uranium Inc.
    +1 778 383 3057
    pwilliams@consolidateduranium.com

    Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Statement Regarding “Forward-Looking” Information.

    This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to activities, events or developments that the Company expects or anticipates will or may occur in the future including the anticipated timing, scope and outcome of the summer filed program to be completed at the Project and the Company’s plans to complete a NI 43-101 compliance technical report with respect to the Project. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

    Such forward-looking information and statements are based on numerous assumptions, including that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

    Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, reliance on key management and other personnel, potential downturns in economic conditions, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, and risks generally associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.

    Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

    Reader should also be cautioned that where reference is made to mineralization of adjacent or near-by properties it is not necessarily indicative of mineralization hosted on the Company’s Property.

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    To: LoneClone who wrote (18142)4/7/2021 1:00:43 PM
    From: LoneClone
       of 19140
     
    One World Lithium Drilling Update, Corporate Progress and Industry Trends

    thenewswire.com

    VANCOUVER, BC - TheNewswire – April 6, 2021 - One World Lithium Inc. (CSE:OWLI) (OTCQB:OWRDF) (CNSX:OWLI) (the “Company” or “OWL”) is pleased to announce that Layne Drilling from Hermosillo, Mexico will begin mobilizing the diamond drill rig and related equipment to San Felipe this week for the DDH-3 (diamond drill hole) program expected to begin on April 15, 2021. Layne Drilling will be sending three four man drill crews to drill 24 hours per day.

    As previously reported, DDH-3 is located approximately 50 kilometers to the south of DDH-2 on the Company’s Salar del Diablo property, located in the State of Baja California, Mexico. Mike Rosko, the Operator, from Montgomery & Associates expects DDH-3 and possibly DDH-4 will be more cost effective than previous holes drilled as aa more aggressive drill bit will be used and DDH 3 and 4 may only require total depths between 300 and 400 meters as DDH 1 and 2 reached an average total depth of 624 meters. Mike also noted the prospective area of possible hydrothermal activity may cover 20,000 hectares.


    Click Image To View Full Size

    All samples will be assayed for drill holes DDH – 1 through 4 with the assay results released at the same time. On completing phase three of the drill program, OWL will have increased its working interest in the Salar del Diablo property from 60% to 80%. For more information on Salar del Diablo property and the terms of the Company’s option thereon, please see the Company’s press release dated March 10, 2017, and July 28, 2017.

    In Mexico, mineral exploration has been deemed an essential service despite the country’s various Covid-19 restrictions and, at present, the States of Baja California and Sonora currently have no further restrictions.

    Lithium Separation Technologies

    An ecosystem of junior mining companies are looking to take market share from major producers to meet the demand for high quality lithium chemicals and new resources to obtain these has become one of the most important emerging themes in lithium over the last five years. 1 Accordingly, many of these new technologies can be developed and used in house by junior mining companies.

    OWL has the right to purchase 100% of a lithium separation technology which is subject to a proof of concept testing. The Company hopes this may be successful within two months. The technology has the potential to separate lithium carbonate (“LCE”) from a brine and, because of this, the Company perceives the technologies implementation as a potential industry game changer. Accordingly, some of the potential benefits may include not requiring evaporation ponds to separate LCE as well as returning the waste brine back to its producing brine formations that may stabilized the brine formation and extend a mine’s life.

    For more information, please see the Company’s press release dated October 27, 2020.

    One World Lithium Trends

  • - OWL’s recent private placement offering was oversubscribed by 50% for proceeds of CAD $2,250,000. 2

    - During the three month period ended December 31, 2020, OWL’s secondary market traded 4.5 million common shares (each, a “Share”) and in the first quarter ended March 31, 2021 it has traded 23.4 million Shares, for an increase of 421%. 3

  • Lithium Industry Trends Are Impressive

  • - The seaborne LCE battery grade spot price has increased from USD$6,000 to USD$7,500 per tonne on October 23, 2020 to USD$9,500 to USD$11,000 per tonne on March 19, 2021 (trading between China, South Korea, and Japan). 4

  • - Since January 1, 2021, Bloomberg reported a total of US$3.4 billion raised in equity financings in the North and South America which is seven times the total amount raised from 2018 to 2020. 5

    - Since January 1, 2021 to March 18, 2021, Bloomberg reports that junior lithium companies have raised an aggregate of USD$529 million from the capital markets. That is about USD$63 million more than the total amount raised from 2018 to 2020.5

    - The demand for lithium for electrical vehicles (“EVs”) is expected to in increase approximately 599% by 2025. 6

  • Given the renewed investor interest in the lithium sector which is driven by significant increases in the price of lithium carbonate equivalent (LCE), it has impacted OWL as its previous private placement was oversubscribed by 50% or $750,000 and its secondary market trading volume also increased over 421% to 23.4 million shares from the three month period ended December 31, 2020 compared to the three month period ended March 31, 2021. This is in response to the increase in demand for lithium-ion batteries.

    About One World Lithium Inc.

    One World Lithium Inc. is an exploration company focused on lithium in brine projects and new lithium separation technologies. OWL has the right to own 100% of the separation technology, subject to a positive proof of concept program. OWL has earned a 60% property interest in the Salar del Diablo property, located in the State of Baja California, Mexico. Upon completion of a three phase drill program, OWL will earn an additional 20% property interest and has an option to purchase a further 10% property interest for a total of a 90% property interest in the 103,450 hectare (399 square mile) Salar del Diablo lithium brine project.

    On behalf of the Board of Directors of One World Lithium Inc.

    “Douglas Fulcher”

    President and Chief Executive Officer

    For further information please visit www.oneworldlithium.com or email info@oneworldlithium.com or call 1-604-564-2017 Extension-3.

    Forward-Looking Information and Disclaimer: This press release may include forward looking information within the meaning of Canadian securities legislation. Forward looking information is based on certain key expectations and assumptions made by the management of the OWL, including the expected start date of the Company’s DDH-3 drill campaign, costs and depths for the Company’s anticipated DDH-3 and DDH-4 drill programs, the market trends of the lithium and elective car industries, the intention of OWL to proceed with the advancement of the Salar del Diablo property, or the Company’s ability to exercise its right to acquire a 100% interest in certain lithium separation technology and the anticipated benefits therefrom obtained by the Company. Although OWL believes that the expectations and assumptions on which such forward looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because OWL can give no assurance that they will prove to be correct. Forward looking statements contained in this press release are made as of the date of this press release. OWL disclaims any intent or obligation to update publically any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from the those anticipated in such statements, important factors that could cause actual results to differ materially from the company’s expectations include: (I) inability of OWL to execute its business plan and raise the required financing (II) accuracy of mineral or resource exploration activity (III) continued access to the Company’s mineral property (IV) risks and market fluctuations common to the mining industry and lithium sector, (V) advancements in new separation technologies, and (VI) other general business, economic, or market related risks beyond the director control of the Company and which may adversely affect the Company’s business or operations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, some of which are beyond the control of the OWL. The reader is cautioned not to place undue reliance on any forward-looking information contained in this press release.

    This press release also contains certain information and data taken from various third party sources. Please note that any opinion, estimate or forecast made by the authors of such third party statements presented in this press release are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management. OWL does not, by the reference or distribution of these quotes, links, or citations imply their endorsement of or concurrence with such information, conclusions or recommendations.

    Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

    1 Chris Berry and Alex Grant, “Gradually, Then Suddenly: Adoption of New Technology in Lithium Brine Extraction”, House Mountain Partners (September 24, 2019).

    2 See the Company’s news releases dated September 15, 2020 and March 2, 2021 for more information.

    3 Figures taken from the Stockwatch’s website: stockwatch.com OWLI/historical.

    4 Carrie Shi & Susan Zou Dalilia Ouerghi, “GLOBAL WRAP: Bullish offers from Chinese producers narrow domestic carbonate range further”, Fastmarkets (October 23, 2020) and Susan Zou Dalilia Ouerghi, “GLOBAL LITHIUM WARP: Seaborne Asia prices play catch up”, Fastmarkets (March 19, 2021).

    5 Yvonne Yue Li, “Wall Street is Betting Billions on EV-Fueled Lithium Comeback”, Bloomberg News (March 19, 2021).

    6 Maxx Chatsko, “Lithium Demand for Electric Vehicles Could Grow 599% by 2025”, Motley Fools (March 24, 2020).

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    To: LoneClone who wrote (18149)4/7/2021 1:03:13 PM
    From: LoneClone
       of 19140
     
    New Age Metals: Drone Magnetic Survey to be Completed on Several Lithium Projects in Southeast Manitoba

    thenewswire.com

  • - NAM has contracted EarthEx Geophysical Solutions (EarthEx) to conduct several UAV-Borne Magnetometry Surveys on the Company’s Lithium Projects in southeast (SE) Manitoba

    - The program is being co-funded by the Company and the Manitoba Mineral Development Fund (MMDF) which is administered by the Chamber of Commerce

    - NAM has 100% ownership of seven pegmatite hosted Lithium and Rare Element Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba

    - NAM’s exploration focus on SE Manitoba is on Lithium-bearing pegmatites

    - The seven projects are strategically situated within the Winnipeg River Pegmatite Field, which hosts the world-class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium minerals) in varying capacities, since 1969

    - The company has signed an Exploration Agreement with the Sagkeeng First Nation ( see Oct 25 th , 2018 News Release)

  • Rockport, Canada – TheNewswire - April 6, 2021 - New Age Metals Inc. (NAM) (TSXV:NAM); (OTC:NMTLF); (FSE:P7J) (“NAM” or the “Company”) is pleased to announce that a Drone Magnetic Survey is being initiated on their Lithium Projects in SE Manitoba through their wholly owned subsidiary, Lithium Canada Development.

    The Drone Magnetic Survey is a UAV-Borne Magnetometry survey. The present system being used by EarthEx is the highest resolution drone magnetics system on the market today. EarthEx is a Manitoba-based geophysical consulting company. Daniel Card, Chief Geophysicist and President of EarthEx said “We are excited to be working with such a highly reputable company as New Age Metals, in this prolific pegmatite district, providing services which will accelerate the path to new discoveries.” The EarthEx airborne magnetic geophysical survey technology will be used to further define future drill targets for the Company’s Lithium Two, Lithman West and Cat Lake Lithium Projects, Figure 1.

    Harry Barr, Chairman and CEO stated, “Our team is busy advancing the Lithium Projects in SE Manitoba. Drilling is occurring in the next few weeks on one of our Lithium Projects and the Drone Magnetic Survey will help us better determine other drill targets. The potential for economic Lithium Deposits in Manitoba is strong and New Age with its Lithium Division, Lithium Canada Development are pleased to be fully funded and active in the Lithium space in Manitoba. We are also very fortunate to be partnering with the Manitoba Mineral Development Fund again on this work program to help develop this underexplored lithium region.”


    Click Image To View Full Size

    Figure 1: New Age Metals lithium project map, southeast, Manitoba. The UAV-Borne Magnetometry Survey will be conducted on the Lithium Two, Lithman West and Cat Lake Lithium Projects.

    The UAV-Borne Magnetometry Survey will be co-funded by the Manitoba Mineral Development Fund, a mineral fund sponsored and managed by the Manitoba Chamber of Commerce.

    Lithium pegmatites are known to express anomalously low magnetic susceptibility, resulting in a magnetic low anomaly in most terrains. The advent of the high-resolution low-flying UAV magnetometric surveying system used by EarthEx represents a new and efficient way to define exploration targets and map the presence and extent of these types of deposits both at and below surface.

    Manitoba Mineral Development Fund

    In June 2020, the Manitoba Government opened application to the MMDF which offered $20 million in funding to jump-start mineral and economic development initiatives in the north and throughout the province. The MMDF, delivered and administered by the Manitoba Chambers of Commerce, will support new economic development opportunities that capitalize on existing assets in the north and across Manitoba. Projects funded by MMDF will benefit Manitoba’s economy and local communities alike with a partnership-based approach to help grow and diversify the provincial economy together with Indigenous communities.

    About NAM

    New Age Metals is a junior mineral exploration and development company focused on the discovery, exploration and development of green metal projects in North America. The Company has two divisions; a Platinum Group Metals division and a Lithium/Rare Element division.

    The PGM Division includes the 100% owned, multi-million-ounce, district scale River Valley Project, one of North America’s largest undeveloped Platinum Group Metals Projects, situated 100 km from Sudbury, Ontario. The Company has recently completed a Preliminary Economic Assessment on the project and plans are to complete a Prefeasibility Study by the end of the first quarter of 2022. In Alaska, the Company owns 100% of the Genesis PGM-Cu-Ni Project.

    The Lithium Division is one of the largest mineral claim holders in the Winnipeg River Pegmatite Field, where the Company is exploring for hard rock lithium and various rare elements such as tantalum and rubidium. 2021 plans include drone geophysics on three of the Company’s seven projects and a drill program on the Company’s Lithium Two Project.

    Our philosophy is to be a project generator with the objective of optioning our projects with major and junior mining companies through to production. The Company is actively seeking an option/ joint venture partner for its road-accessible Genesis PGM-Cu-Ni project in Alaska and for all or part of our Lithium Division in Manitoba.

    Investors are invited to visit the New Age Metals website at www.newagemetals.com where they can review the company and its corporate activities. Any questions or comments can be directed to info@newagemetals.com or Harry Barr at Hbarr@newagemetals.com or Cody Hunt at Codyh@newagemetals.com or call 613 659 2773.

    Opt-in List

    If you have not done so already, we encourage you to sign up on our website ( www.newagemetals.com) to receive our updated news.

    On behalf of the Board of Directors

    Harry Barr”

    Harry G. Barr

    Chairman and CEO

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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    To: LoneClone who wrote (18150)4/8/2021 10:50:22 AM
    From: LoneClone
       of 19140
     
    [Scandium] Imperial’s Early Crater Lake Drill Results Confirms Substantial Widths of Scandium-Bearing Olivine Ferrosyenite

    ca.finance.yahoo.com

    Imperial Mining Group Ltd.
    Wed., April 7, 2021, 5:30 a.m.·7 min read

    Figure 1

    Crater Lake Drillhole Location Map
    Crater Lake Drillhole Location MapFigure 2



    TG Zone Drill Section 500N – Crater Lake Project
    TG Zone Drill Section 500N – Crater Lake ProjectFigure 3



    TG Zone Drill Section 550N – Crater Lake Project

    TG Zone Drill Section 550N – Crater Lake Project

    MONTREAL, April 07, 2021 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. ("Imperial") (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to announce that early Crater Lake drilling on the TG scandium mineralized zone has confirmed the substantial intersection widths of scandium-bearing olivine ferrosyenite. This rock type is geologically similar to scandium-mineralized units observed during the 2019 TG Zone winter program (see Imperial Press Releases: May 22 and June 18, 2019). The drilling continues towards collecting sufficient drill data to undertake a 43-101 preliminary Resource Estimate of the Zone later in the spring.

    “These early results confirm the significant potential of the TG mineralized zone, defined over a minimum strike length of 600 m, to a depth of 200 m and up to 110 m in true thickness,” said Peter Cashin, Imperial’s President & CEO. “The new drilling shows good continuity of the scandium mineralized olivine ferrosyenite unit over intersection widths of up to 158 m (515 feet). We have now brought the zone to surface on two drill sections and will be defined to a vertical depth of 125 m and over a strike length of 600 m. This will provide us with sufficient data to satisfy the minimum tonnage threshold required for our subsequent PEA study work.”

    WINTER DEFINITION DRILLING PROGRAM

    A definition diamond drill program on the TG Zone commenced in early March with 17 to 22 diamond drillholes planned, for a total of approximately 2,500 m (Figure 1). A drill hole spacing pattern of 50-100 m is in the process of being completed with the objective of outlining a minimum Inferred Mineral Resource of at least 10 million tonnes. This size of resource should satisfy a minimum 20- to 25-year operation model, scalable to the rate of potential market demand growth. There is good potential to expand TG Zone resources with further drilling of the resource area being drilled and on drill evaluation of additional scandium occurrences elsewhere on the property. This drilling round is anticipated to be completed in early May. The drilling contractor for the program is Cartwright Drilling Inc. of Goose Bay, NL.

    CURRENT DRILLING

    To date, four drillholes for 453.2 m have been completed (Table 1). The drilling indicates that the mineralized zone dips between sub-vertical to 700 east, with a north-northeast strike direction. The widths of the mineralized zone vary between 55 and 110 m (180-360’) in true thickness. The zone is open at depth below the 200 m vertical level and along strike.

    SECTION 500N DRILLING (Figure 2)

    CL21041 – The drillhole was a shallow overcut to hole CL-19035 (Figure 2), which previously returned 95.5 m (313.2’) grading 314 g/t Scandium Oxide (Sc2O3) and 0.37% Total Rare Earth Oxides + Yttrium (TREO+Y) including 16.3 m grading 353 g/t Sc2O3 and 0.38% TREO+Y. The hole projected the TG Zone to surface on the section and was collared into bedrock at 9.9 m and intersected the scandium host rock to 28.5 m for a total of 18.5 m of host olivine ferrosyenite.

    SECTION 550N DRILLING (Figure 3)

    CL21040 – Drilling intersected the TG horizon at a vertical depth of 80 m and returned 80.1 m (262.7’) of mineralized section from 20.9-101.0 m in the hole. The mineralization is hosted by highly to moderately magnetic scandium-bearing olivine ferrosyenite showing strong geologic similarity to previous scandium-rich drill sections from 2019 drilling of the zone.

    CL21042 – This hole was a deeper undercut to CL21040 which intersected 156.9 m (514.7’) of Sc-bearing olivine ferrosyenite from 47.0 to 203.9 m in the hole at a vertical depth of 110 m.

    CL21043 – This hole was a shallow overcut to 21040 to bring the projection of the TG to surface. The hole collared into mineralized olivine ferrosyenite at 9.4 m down to 32.4 m for 23.0 m in core length.

    Table 1 – Drillhole Locations

    Drillhole
    #

    Section

    Easting

    Northing

    Azimuth

    Dip

    Proposed Length (m)

    Final Length (m)

    CL21040

    550

    440900

    6133765

    305

    -47

    130

    117.00

    CL21041

    500

    440825

    6133750

    305

    -45

    90

    50.30

    CL21042

    550

    440940

    6133735

    305

    -50

    220

    213.90

    CL21043

    550

    440865

    6133790

    305

    -47

    100

    72.00

    CL21044

    450

    440830

    6133690

    305

    -47

    150

    In progress



    The samples from CL21040 and CL21041 have been delivered to the analytical laboratory and results are anticipated within the next three weeks. The analysis of the drillcore is being undertaken by Activation Laboratories Ltd (Actlabs) of Ancaster, ON. The results will be announced as soon as they become available but, given the current COVID circumstances, delivery delays can be expected.

    QA-QC Protocol

    Strict QA/QC protocols have been implemented for the Crater Lake Project, including the insertion of certified reference materials (standards), duplicates and blanks at regular intervals throughout the sequence of samples.

    A total of 141 samples, including 9 QA-QC samples, were sent to an analytical laboratory. All sample preparation and analytical work was carried out by Actlabs at their facilities in Ancaster, Ontario. Several analytical techniques were used to characterize the samples, which are combined at Actlabs into the analytical package “8-REE”. This package includes whole-rock and trace element analytic techniques. Whole Rock analyses are done via a lithium metaborate/tetraborate fusion inductively coupled plasma (ICP) finish. Trace elements are also analyzed by fusion ICP/MS.

    QP

    The technical content in this press release was provided and certified by Pierre Guay, P. Geo., Imperial's Vice-President, Exploration, and Qualified Person as defined by National Instrument 43-101.

    ABOUT IMPERIAL MINING GROUP LTD.

    Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

    For further information please contact:

    Peter J. Cashin
    President and Chief Executive Officer
    Phone: +1 (514) 360-0571
    Email: info@imperialmgp.com

    CHF Capital Markets
    Iryna Zheliasko, Manager-Corporate Communications
    Phone: +1 (416) 868-1079 x229
    Email: iryna@chfir.com


    Website: www.imperialmgp.com Twitter: @imperial_mining Facebook: Imperial Mining Group

    This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Three figures accompanying this announcement are available at:

    globenewswire.com

    globenewswire.com

    globenewswire.com

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    To: LoneClone who wrote (18151)4/8/2021 10:59:04 AM
    From: LoneClone
       of 19140
     
    Inventus Drills 4.4 g/t Gold and 0.09% Cobalt Over 7 Metres at Cobalt Hill

    Identifies Potential IOCG-Type Mineralization

    ca.finance.yahoo.com

    Inventus Mining Corp.
    Thu., April 8, 2021, 5:54 a.m.·7 min read

    TORONTO, April 08, 2021 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its drilling program at Cobalt Hill, part of its 100%-owned Sudbury 2.0 project near Sudbury, Ontario.


    Drilling highlights include:


    CH-21-02:

    44 m of 1.3 g/t Gold, 0.04% Cobalt and 0.02% Nickel



    Including 7 m of 4.4 g/t Gold, 0.09% Cobalt and 0.03% Nickel



    (with individual assays up to 0.29% Cobalt and 0.11% Nickel)





    CH-21-01:

    16 m of 0.7 g/t Gold, 0.04% Cobalt and 0.03% Nickel



    (with individual assays up to 0.17% Cobalt and 0.22% Nickel)


    Inventus’ drilling at Cobalt Hill has confirmed the occurrence of polymetallic gold-cobalt-nickel mineralization enriched with rare earth elements (REEs). This type of mineralization is indicative of a potential Iron Oxide Copper Gold (IOCG) mineral system. IOCG systems typically occur in proximity to magnetic, dense and conductive geological environments with regional and/or structurally controlled alteration. The Sudbury 2.0 project, situated over the Temagami Geophysical Anomaly, with its dense, magnetic, conductive signature, checks all of these boxes. New geophysical modelling of historic magnetotelluric (MT) data collected by Falconbridge in the 1990s, has illustrated an area of conductivity extending towards surface below Cobalt Hill and the Lake Zone (Figure 1). A similar conductive feature is known to occur below the world-class Olympic Dam IOCG deposit, where it is interpreted to be a metalliferous fluid pathway from a deep conductive source.

    The alteration and hydrothermal breccia at Cobalt Hill appears pipe-shaped and is approximately 500 x 400 metres in size on surface with an apparent vertical plunge. Similar to the Lake Zone, a very good correlation exists between sulfides, mainly pyrite, and the polymetallic gold mineralization. Inventus plans to conduct an induced polarization geophysical survey (IP) over Cobalt Hill to identify areas of higher sulfide content.

    "We are very encouraged by these results, as they support our belief that the Temagami Geophysical Anomaly is a large intrusion responsible for the mineralization. The presence of cobalt, nickel and anomalous REEs is strong evidence for an intrusion-related mineral system. Several other exploration companies in the region have also made similar assertions of a potential IOCG system, which indicates the breadth of the exploration potential in the area. Using geophysics to trace the mineralization below surface above the district-scale gravity, magnetic and conductive anomaly on the Sudbury 2.0 property is the logical next step,” said Stefan Spears, Chairman and CEO.

    Assay results from Cobalt Hill and a description of the drill holes are provided below.

    Drill hole CH-21-02 was designed to test the mineralization at 200 metres depth where historic drilling intersected gold mineralization but was not sampled for cobalt or nickel. The hole intersected sodic and potassic alteration from surface to 287 metres. Breccia and quartz veins with variable sulfide mineralization were intersected from 84 to 116 metres and from 189 to 235 metres. Select assay intervals are listed in Table 1 and a cross section is provided in Figure 2.

    Table 1. CH-21-02 Assay Interval Summary.

    Hole ID

    From (m)

    To (m)

    Interval (m)

    Au (g/t)

    Co (%)

    Ni (%)

    CH-21-02

    74.11

    74.46

    0.35

    0.4

    0.25

    0.09

    CH-21-02

    183.37

    183.94

    0.57

    3.3

    0.17

    0.04

    CH-21-02

    189.78

    233.87

    44.09

    1.3

    0.04

    0.02

    including

    198.61

    205.64

    7.03

    4.4

    0.09

    0.03

    and including

    198.61

    199.25

    0.64

    17.1

    0.14

    0.05

    and

    220.95

    221.46

    0.51

    5.0

    0.09

    0.05

    and

    228.95

    231.66

    2.71

    2.2

    0.13

    0.04

    and including

    230.98

    231.66

    0.68

    3.9

    0.29

    0.11


    *Intervals are core lengths, true widths are not known.

    Drill hole CH-21-01 tested the near surface mineralization on the east shore of Jess Lake. The hole intersected breccia and quartz veins with variable sulfide mineralization from surface to 16 metres. Select assay intervals are listed in Table 2 and a cross section is provided in Figure 2.

    Table 2. CH-21-01 Assay Interval Summary.

    Hole ID

    From (m)

    To (m)

    Interval (m)

    Au (g/t)

    Co (%)

    Ni (%)

    CH-21-01

    0

    15.95

    15.95

    0.7

    0.04

    0.03

    including

    1.55

    2.00

    0.45

    2.3

    0.02

    n/s

    including

    10.47

    11.42

    0.95

    0.5

    0.14

    0.17

    and including

    10.91

    11.42

    0.51

    0.5

    0.17

    0.22

    including

    12.98

    15.95

    2.97

    0.6

    0.07

    0.05


    *Intervals are core lengths, true widths are not known. n/s – no significant value

    Figures 1 and 2. http://www.inventusmining.com/s/Apr_8_Figures.pdf

    For further information, please contact:

    Mr. Stefan Spears
    Chairman and CEO
    Inventus Mining Corp.
    E-mail: info@inventusmining.com

    About Inventus Mining Corp.

    Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 130,500,000 common shares outstanding.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Qualified Person

    The Qualified Person responsible for the geological technical content of this news release is Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the Company.

    Technical Information

    The samples collected by Inventus described in this release were transported in secure sealed bags for preparation and assayed by SGS Laboratories. The samples reported were crushed in their entirety to 75% passing -10 mesh, with one 500 g subsample split and pulverized to 85% passing 200 mesh. One 50 g aliquot was taken from the subsample for fire assay (FA) with an ICP-MS/ICP-OES/AAS finish. Multielement assays were done by Sodium Peroxide Fusion with ICP-OES/ICP-MS finish. Samples over 10 g/t gold were subject to a 50 g aliquot FA with gravimetric finish.

    Forward-Looking Statements

    This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations.

    Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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    To: LoneClone who wrote (18152)4/8/2021 11:54:05 AM
    From: LoneClone
       of 19140
     
    Ionic Rare Earths signs MoU for Makuutu development

    miningweekly.com

    7th April 2021

    By: Esmarie Iannucci
    Creamer Media Senior Deputy Editor: Australasia

    PERTH (miningweekly.com) – ASX-listed Ionic Rare Earths has inked a memorandum of understanding (MoU) with rare earths miner Chinalco over the development of its Makuutu rare earths project, in Uganda.

    Under the terms of the MoU, the two companies will look to accelerate the development and first production of Makuutu to the mutual benefit of both companies, while also flagging potential future investment in Ionic or the Makuutu project directly, or offtake agreements for the rare earth produced by the Australian company.

    “We are very pleased to have signed this MoU which further endorses the quality of the project and its strategic importance, and will now enable the Makuutu rare earth project to rapidly advance activities in the near term,” said Ionic MD Tim Harrison.

    “We welcome the involvement of Chinalco and their ionic clay and rare earth separation arm China Rare Earths Jiangsu. Their knowledge on ionic absorption clay is second to none, and their involvement will also greatly enhance and accelerate planned development of Makuutu.”

    Chinalco has completed an extensive due diligence review over the Makuutu project over the last 12 months.

    The resource at the Makuutu project has been identified over a 20-km length and has demonstrated the potential for a long-life, low cost capital source of critical and heavy rare earths. The project has the potential to generate a high-margin product with an operating life of more than 30 years.

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    To: LoneClone who wrote (18153)4/8/2021 12:04:26 PM
    From: LoneClone
       of 19140
     
    Piedmont increases lithium resource

    miningweekly.com

    8th April 2021

    By: Esmarie Iannucci
    Creamer Media Senior Deputy Editor: Australasia

    PERTH (miningweekly.com) – Lithium miner Piedmont Lithium has reported a 40% increase in its lithium resource at its namesake project in North Carolina.

    The ASX-listed company on Thursday announced that the total mineral resource estimate for the Piedmont project now stood at 39.2-million tonnes, at 1.09% lithium oxide, for an estimated 422 000 t of lithium oxide and 1.04-million tonnes of lithium carbonate equivalent.

    Piedmont noted that some 55% of the mineral resource estimate is classified as indicated.

    “Increasing the scale of our North Carolina mineral resource establishes our asset as one of the largest spodumene resources in North America, and the only one in the US,” said Piedmont president and CEO Keith Phillips.

    “The expanded resource offers the potential for increased annual lithium production, something we will evaluate as we prepare our updated scoping study for release next month.

    “All this is coming together at an ideal time, as the public and private sectors dramatically increase their investment in the electrification of America. Given the scope and strategic location of our Piedmont lithium project, we believe we are ideally positioned to play a critical role in helping the US build a clean energy economy and a US-based electric vehicle supply chain,” said Phillips.

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