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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals


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To: LoneClone who wrote (18150)4/8/2021 10:50:22 AM
From: LoneClone
   of 19307
 
[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 19307
 
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 19307
 
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 19307
 
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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To: LoneClone who wrote (18154)4/8/2021 12:11:59 PM
From: LoneClone
1 Recommendation   of 19307
 
Rio Tinto produces battery-grade lithium from waste rock at US mine

miningweekly.com

7th April 2021

By: Mariaan Webb
Creamer Media Deputy Editor Online

Diversified major Rio Tinto has started production of battery-grade lithium from waste rock at a lithium demonstration plant at the Boron mine in California.

The demonstration plant is the next step in scaling up what the company states is a breakthrough lithium production process developed at Boron – to recover the critical mineral and extract additional value out of waste piles from more than 90 years of mining at the operation.

“This is a valuable next step in scaling up our production of lithium at the Boron site, all from using waste material without the need for further mining,” Rio Tinto Minerals CE Sinead Kaufman says in a statement.

An initial small-scale trial in 2019 successfully proved the process of roasting and leaching waste rock to recover high grades of lithium.

The demonstration plant has a design capacity of 10 t/y of battery grade lithium. The plant will be run throughout 2021 to optimise the process and to inform the miner’s feasibility assessment for progressing to a production scale plant of at least 5 000 t/y.

Best known for its iron-ore, aluminium and copper offerings, Rio Tinto is keen to expand more into battery metals. The company’s lithium pipeline also includes the Jadar lithium/borate project, in Serbia, for which a feasibility study is expected to be complete by the end of the year.

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To: LoneClone who wrote (18155)4/8/2021 1:01:24 PM
From: LoneClone
   of 19307
 
Greenland Mining halts trading as Kvanefjeld rare earth future questioned

miningweekly.com

8th April 2021

By: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – ASX-listed Greenland Minerals went into a trading halt on Thursday after reports emerged that its Kvanefjeld rare earths project would be halted.

Reuters earlier reported that the leader of the Inuit Ataqatigiit party, which won a snap election earlier this week, had told State broadcaster DR that the project would be halted.

The miner in February announced plans to extend the consultation period for its proposed rare earths project until June 1, as logistical constraints brought on by the Covid-19 pandemic had created increased logistical challenges in holding public meetings and information forums, while the government has also closed its borders between February 1 and February 28, imposing further limitations for specialist advisers and independent experts to participate in the consultation.

The company at the time also warned that looming municipal elections could affect the consultation process.

The Kvanefjeld project is expected to cost some $505-million to develop and is expected to produce 32 000 t/y of rare earth oxide over an initial mine life of 37 years, based on a 108-million-tonne ore reserve

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To: LoneClone who wrote (18156)4/8/2021 5:28:59 PM
From: LoneClone
   of 19307
 
Cornish Metals: Drill Programme Underway at United Downs Copper-Tin Project

ca.finance.yahoo.com

Cornish Metals Inc
Thu., April 8, 2021, 12:00 a.m.·5 min read

VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- (“Cornish Metals” or the “Company”), is pleased to report that it has commenced diamond drilling at its United Downs copper-tin project in Cornwall UK. As stated previously, the objective of the drilling programme is to follow-up the high-grade copper-tin mineralisation in drill hole GWDD-002 that intersected 14.69 metres (“m”) at 8.45% copper (“Cu”) and 1.19% tin (“Sn”) (see news release dated April 6, 2020).

Richard Williams, CEO of Cornish Metals, stated, “We are all very excited to start this drill programme, following on from our successful AIM listing. The first phase of the programme will focus on tracing the high-grade copper-tin structure along strike to determine its full extent.”

ABOUT CORNISH METALS

Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper / tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.

The United Downs copper-tin project is located in the historic Gwennap mining district, which was an area of high grade copper mining in the 1700s and 1800s (United and Consolidated Mines). More recently, the Wheal Jane mine (immediately east of the United Downs project) and Mount Wellington mine (within the United Downs project area) were in production up until 1991 and 1978, respectively. All of the mines in the vicinity were underground operations, extending up to approximately 500m below surface. Mineralisation remains open to depth beneath these mines, as evidenced by drilling results from GWDD-002 in 2020, which intersected 4.04m grading 4.4% Cu and 2.06% Sn at a downhole depth of 638.85m – 642.89m beneath the United Mine (see news release dated November 18, 2020).

The South Crofty project covers the former producing South Crofty tin mine located beneath the towns of Pool and Camborne, Cornwall. South Crofty mine closed in 1998 following over 400 years of continuous production. Since acquiring the project in 2016, Cornish Metals has completed and published maiden NI 43-101 mineral resources for South Crofty using the vast archive of historical production data and more recent drilling completed between 2007 and 2013. In 2017, Cornish Metals completed a Preliminary Economic Assessment that demonstrated the economic viability of re-opening the mine. Additionally, Cornish Metals has undertaken extensive pilot-scale water treatment trials and successfully applied for and received the necessary environmental permits to abstract, treat and discharge mine water in order to dewater the mine. Planning permissions for the operation of the mine and re-development of the surface facilities have been secured and construction of the water treatment plant foundations commenced. The dewatering pumps, variable speed drives and new high-voltage power supply have been delivered to site.

TECHNICAL INFORMATION

The technical information in this news release has been compiled by Mr. Owen Mihalop. Mr. Mihalop has reviewed and takes responsibility for the data and geological interpretation. Mr. Owen Mihalop (MCSM, BSc (Hons), MSc, FGS, MIMMM, CEng) is Chief Operating Officer for Cornish Metals Inc. and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined under the JORC Code (2012) and as a Qualified Person under NI 43-101. Mr. Mihalop consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

ON BEHALF OF THE BOARD OF DIRECTORS

“Richard D. Williams”
Richard D. Williams, P.Geo

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.

Caution regarding forward looking statements

This news release contains “forward-looking statements”. Forward-looking statements, while based on management’s best estimates and assumptions at the time such statements are made, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the COVID-19 global pandemic and any variants of COVID-19 which may arise; risks related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.

Although Cornish Metals has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cornish Metals undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

  • The drilling programme has been contracted to Priority Drilling Ltd., under the supervision of Cornish Metals’ geological team; and

  • The drill programme will be run with full COVID safe guidelines, policies and procedures in place.


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    To: LoneClone who wrote (18157)4/8/2021 5:38:31 PM
    From: LoneClone
       of 19307
     
    Piedmont Increases Lithium Resources By 40%

    ca.finance.yahoo.com

    Thu., April 8, 2021, 3:00 a.m.·2 min read

  • Piedmont Lithium Project’s Global Mineral Resources increased to 39.2 Mt @ 1.09% Li2O

  • Exploration and infill drilling continues with five rigs operating on the Core property

  • The updated resource base will underpin the Scoping Study update targeted for May 2021

  • A further resource update will precede the DFS scheduled for September 2021 release

  • Piedmont Lithium Limited ("Piedmont" or the "Company") (Nasdaq:PLL; ASX:PLL) is pleased to announce an updated Global Mineral Resource estimate ("MRE") (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at 1.09% Li2O (Figure 1), with 55% of the MRE currently classified in the Indicated category. The Mineral Resource estimate is reported in accordance with JORC Code (2012 Edition).

    Table 1: Piedmont Lithium Global Mineral Resources Estimate (MRE)

    Resource Category

    Tonnes
    (Mt)

    Grade
    (Li2O%)

    Li2O
    (t)

    LCE
    (t)

    Indicated

    21.6

    1.12

    241,000

    597,000

    Inferred

    17.6

    1.03

    181,000

    449,000

    Total

    39.2

    1.09

    422,000

    1,046,000


    Keith D. Phillips, President and Chief Executive Officer, commented: "Increasing the scale of our North Carolina mineral resource to 39.2 Mt at 1.09% Li2O establishes our asset as one of the largest spodumene resources in North America – and the only one in the United States. 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 United States build a clean energy economy and a U.S. based EV supply chain."

    To view the complete ASX Release, click here.

    View source version on businesswire.com: businesswire.com

    Contacts

    Keith D. Phillips
    President & CEO
    T: +1 973 809 0505
    E: kphillips@piedmontlithium.com

    Brian Risinger
    Vice President – Corporate Communications
    T: +1 704 910 9688
    E: brisinger@piedmontlithium.com

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    To: LoneClone who wrote (18158)4/8/2021 5:45:37 PM
    From: LoneClone
       of 19307
     
    Nickel Rock Completes Phase One Lithium Drilling at Clayton Valley, Nevada

    ca.finance.yahoo.com

    Thu., April 8, 2021, 5:00 a.m.·6 min read

    VANCOUVER, BC, April 8, 2021 /CNW/ -- Nickel Rock Resources Inc. ("the Company") (TSXV: NICL) (OTCQB: NIKLF) is pleased to announce the conclusion of an initial exploratory drilling test on their Clayton Valley Project, Esmeralda County, Nevada, USA. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins a western portion of lithium producer Albemarle's (NYSE: ALB) evaporation ponds and is nearby Cyprus Development Corp.'s (TSXV: CYP) 5,430-acre Clayton Valley Lithium Clay Project.



    Clayton Valley Lithium Project
    The program consisted of three reverse circulation holes totaling 356 meters (1155 feet). The holes were intended to test the presence of lithium bearing clay members of the lakebed sediments. Drillhole RCV-01, drilled to a depth of 130m (425 feet), was designed to twin a geothermal gradient hole drilled by a previous explorer. Results of this hole correlated with the log of the previous hole including intervals of volcanic ash and dark green clay. Hole RCV-02, located approximately 1260 meters north of RCV-01 was drilled to a depth of 135.6m (445 ft) and penetrated a section consisting primarily of rhyolitic volcanic ash and interbedded sediments. It penetrated a 4.5-meter section of dark green clay before entering the metamorphic alluvium. Poor drilling conditions and high-water flows ended the hole before reaching the target depth but after successfully evaluating the lake sediment section. Hole RCV-03, located 3,890m (12,762 ft) north from Hole RCV-01, was designed to look for a perched section of volcanoclastic sediments beneath an alluvial fan. Previous water well logs indicated a layer of clay, ash, and silt beneath the alluvium and above the bedrock. Apparently, this hole was located too close to the pediment and encountered metamorphosed dolomite at a depth of 56 meters (185 feet) and about the projected elevation of the sedimentary section. The hole lost circulation in an apparent karst horizon at 68.5 meters (225 feet) and was terminated at 79.2 meters (260 ft) without regaining sample return.

    The samples collected from holes RCV-01 and RCV-02 have been shipped for sample preparation and analysis in Sparks, Nevada. Several water samples collected during the drilling program will soon be shipped and analyzed for lithium brine.

    Potential lithium bearing clays, within lake sediments and ash beds, were previously reported in rough drillers logs of historic geothermal exploration wells on file with the Nevada State Engineers office (permit #66034A). Well, GPXM2 (1994) reported "green to olive green siltstone, mudstone and clay" over a thickness of 510 ft (155.4m) from 130 ft (39.6m) to 640 ft (195m). In January of 2006, Western Geothermal partners drilled hole WGP#2 to a depth of 405 feet (123m) in the Goat Island graben. According to their reports, this hole cut interbedded zones of gravel, silt, and hot spring apron material. More importantly, "from 280ft (85.3m) to 305 ft (93m) fine grained green sand and silt logged as volcanic ash was encountered. This unit may be correlative to the Main Ash Aquifer, which is a marker bed in other areas of the Clayton Valley Basin."

    Mr. Robert Setter, Company President and CEO comments "Lithium clay exploration is booming again in Clayton Valley. The recently completed reverse circulation drilling program allowed our geological team to identify various clay and ash in each drill hole completed. Now that the current exploration program is done, groundwork for a more significant exploration program will soon get under way. We are excited about this opportunity in Nevada, the reverse circulation drilling program has been helpful in identifying important geological information on the sedimentary layers which will be used assist the geos in planning future exploration on our strategically located project located next to Albemarle Inc. and near Cypress Minerals in Clayton Valley."

    Mr. Alan Morris, Geological Consultant and Project QP, further comments "The clay layers encountered in the 1994 geothermal well are beneath gravel and alluvial cover and do not form obvious outcrops. This current drilling program has helped to define the clay layers, as well as, the determination of concealed faults which the Company believes to be important in the formation of lithium-bearing clays."

    About Clayton Valley Lithium Project

    Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley. nickelrockresources.com

    Qualified person

    Alan Morris is a qualified person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.

    About Nickel Rock Resources Inc.

    Nickel Rock Resources is a Canadian-based mineral exploration company with a highly focused effort on exploration for high-value battery metals required for the electric vehicle (EV) market. The company recently announced several acquisitions resulting in a significant property package prospective for awaruite, a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally.

    Nickel Projects

    The Mount Sidney Williams Group consists of five claim blocks in four groups with a total area of 6,125.32 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite.

    The Mitchell Range Group area claim consist of two contiguous claim blocks covering 3,134.70 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel-cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The company is planning detailed exploration for the upcoming exploration season.

    On Behalf of the Board of Directors
    "Robert Setter"
    Robert Setter, President & 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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guaranteeing future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

    Photo - mma.prnewswire.com

    Nickel Rock Resources Inc.
    1220 – 789 West Pender Street

    Vancouver, BC, Canada V6C 1H2

    604- 428-5690

    www.nickelrockresources.com

    info@nickelrockresources.com




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    SOURCE Nickel Rock Resources Inc.


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    To: LoneClone who wrote (18159)4/8/2021 5:48:18 PM
    From: LoneClone
       of 19307
     
    Lithium South: Bulk Brine Sample for Direct Lithium Extraction Test Work

    ca.finance.yahoo.com

    Thu., April 8, 2021, 5:00 a.m.·3 min read

    VANCOUVER, BC, April 8, 2021 /CNW/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to report the initiation of a bulk brine sample program at the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. The sample program will be completed under the supervision of William Feyerabend, a Consulting Geologist and Qualified Person to the Company. A 6,000-liter sample will be obtained for shipment to China, and North America for Direct Lithium Extraction test work.

    The project has two pumping wells currently installed on the Tramo Claim, which contains a NI 43-101 lithium carbonate equivalent resource as defined in a Preliminary Economic Assessment filed August 2019, and available at the Company website. The brine will be accessed through well number one, and after a 12-hour pump out, the sample will be taken. A 2,000-liter bulk brine sample will be received in Chengdu China, by Chemphys for further testing of their XFP DLE process. The remainder of the sample will be used for test work in Salta, Argentina and North America, further details to be provided.

    The HMN Li Project is located on the Hombre Muerto Salar, the premier lithium-producing salar in Argentina. The property is adjacent to land under development by the Korean multinational corporation POSCO, which acquired the ground from Galaxy Resources Ltd. For U.S. $ 280 million. The Company completed a Preliminary Economic Assessment of the HMN Li Project in 2019, utilizing conventional evaporation extraction. The Company is focused on evaluating alternative extraction methods for the HMN Li Project and plans to become a leader in the application of Direct Lithium Extraction technology at the project level.

    Mr. William Feyerabend, Consulting Geologist and a Qualified Person under NI 43-101, approves of the scientific content of this press release.

    Investors / Shareholders:

    Email: info@lithiumsouth.com
    Toll Free: 855-415-8100
    Website: www.lithiumsouth.com

    Neither the 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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.

    The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

    This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

    On behalf of the board of directors of Lithium South Development Corporation

    Adrian F. C. Hobkirk
    President and Chief Executive Officer
    Direct line: 954-684-8040


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    SOURCE Lithium South Development Corporation


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