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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals


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To: LoneClone who wrote (21052)5/23/2023 12:48:23 PM
From: LoneClone
   of 23754
 
[Lithium] FE BATTERY METALS LOCATES NEW PEGMATITE ZONE EXTENDING THE AUGUSTUS LITHIUM PROSPECT

newswire.ca

First Energy Metals Limited 23 May, 2023, 09:00 ET

VANCOUVER, BC, May 23, 2023 /CNW/ - FE Battery Metals Ltd. (CSE: FE) (OTCQB: FEMFF) (WKN: A2JC89) ("FE Battery Metals" or the "Company) is pleased to announce results of Drill Holes LC23-60 and LC23-61 from the 2023 exploratory drill program at its Augustus Lithium Property in Quebec, Canada.

These drill holes intersected lithium-bearing pegmatites in a previously unexplored area approximately 600 metres to the west of the main Augustus Prospect, between Augustus and the Beluga Lithium zones. This new area, between the main prospects, sits within the prospective structural corridor that was interpreted by the Quebec Geologic survey to possess similar mineral potential as the North American Lithium Mine (NAL) geology. The Company's airborne geophysical survey completed in 2022 also supports this geologic continuity. (Please visit c212.net for a detailed geological map)


Highlights:
  • Drill hole LC23-60 intersected two lithium pegmatites as follows:
  • The upper pegmatite intersected 2.75 m wide zone with average 2810 parts per million (ppm) lithium (Li) or 0.60% lithium oxide (Li2O) at 78 m drilled depth; including one-metre-wide zone with 1.34% Li2O at 78.75 m depth. There are highly anomalous values of other rare metals in this section with average 140.67 parts per million beryllium (Be), 53.94 ppm cesium (Cs), 59.20 ppm niobium (Nb), 1,033.33 ppm rubidium (Rb) and 72.23 ppm tantalum (Ta).
  • At 87.1m a 2 m wide pegmatite averaged 5190 ppm Li or 1.12% Li2O; which included a one-metre-wide zone with 1.51% Li2O at 88.1 m depth. Anomalous values of other rare metals in this section with average 177.50 ppm Be, 46.15 ppm Cs, 85.60 ppm niobium (Nb), 1,550 ppm Rb and 79.65 ppm Ta.
  • A few other pegmatite intercepts are with over 500 ppm Li.
  • Drill Hole LC23-61 intersected a 2.3 m wide lithium pegmatite with average 2,467 ppm Li or 0.53% Li2O at 207.7 m drilled depth. There are anomalous values of other rare metals in this section with average 133.67 ppm Be, 26 ppm Cs, 97.83 ppm Nb, 816 ppm Rb and 66.80 ppm Ta. The drill hole was ended when still in mineralization due to technical problems in drilling.
  • Drill hole LC23-60 was drilled at location 5367532 N, 286532E, UTM NAD 1983 Zone 18N, at azimuth 38.6 degrees and dip -47.7 with a drilled depth of 176 m.
  • Drill hole LC23-61 was drilled at location 5367931N, 286681E, UTM NAD 1983 Zone 18N, at azimuth 227.2 degrees and dip -56.7 with a drilled depth of 196 m.



  • (For full table of results please visit https://c212.net/c/link/?t=0&l=en&o=3873109-1&h=2159338472&u=https%3A%2F%2Ffebatterymetals.com%2Fen%2Fnews%2F2023%2F&a=https%3A%2F%2Ffebatterymetals.com%2Fen%2Fnews%2F2023%2F )

    "We are extremely pleased with the results of Drill Holes LC23-60 and LC23-61 from this exploratory step-out drill program west of the Augustus Lithium Property. These holes were strategically placed to test for the continuity of lithium pegmatites between our two main prospects. Based on our work, our pegmatites occurrences appear to be a along-strike extension of the North American Lithium Mine (NAL) located to the east of our Augustus property. These encouraging results reinforce our confidence in the lithium potential of our Augustus Lithium project. We remain committed to advancing our exploration efforts within this promising corridor", states Gurminder Sangha, CEO of FE Battery Metals

    To date, a total of 61 drill holes with a cumulative core drilling of over 12,000 m have been completed on the Property. The drill core is logged and sampled at the core shack using a rock saw. For quality control and quality assurance (QA/QC), field duplicates, standards and blanks are being inserted at industry standard intervals.

    The samples were bagged and tagged using best practices and were delivered to Activation Laboratories ("ACTLABS"), Ancaster, Ontario for sample preparation and analyses using laboratories code Ultratrace 7 and sodium peroxide fusion (Na2O2) as summarized below. ACTLABS is an independent commercial, accredited ISO Certified Laboratory.

    Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

    ON BEHALF OF THE BOARD OF
    FE BATTERY METALS CORP.

    "Gurminder Sangha"
    Gurminder Sangha
    CEO & Director

    Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.


    Forward-looking Information
    Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

    SOURCE First Energy Metals Limited

    For further information: please contact the Company at: gsangha@firstenergymetals.com or (604) 375-6005

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    To: LoneClone who wrote (21053)5/23/2023 12:52:05 PM
    From: LoneClone
       of 23754
     
    [Lithium] LODESTAR BATTERY METALS ANNOUNCES EXPLORATION BUDGET AND START TO ITS 2023 WORK PROGRAM AT ITS PENY PROJECT IN THE SNOW LAKE DISTRICT, MANITOBA

    newswire.ca

    Lodestar Battery Metals Corp 23 May, 2023, 07:30 ET

    VANCOUVER, BC, May 23, 2023 /CNW/ -- Lodestar Battery Metals ("Lodestar" or the "Company") (TSXV: LSTR) (OTCQB: SVTNF) is pleased to announce it has approved an exploration budget and has commenced work at its Peny Property in Snow Lake Manitoba. The staged project development will be completed with its partners at Longford Exploration to complete propriety remote sensing analysis and targeting, a focused magnetics and radiometric survey over select targets, concurrent with fieldwork. Fieldwork includes a preliminary reconnaissance of initially identified targets and verification of reported pegmatite intersections in 86 historic drill holes on the property. Additionally, there will be focused ground truthing and systematic mapping and sampling program, which will be completed in the late summer to coincide with conceptual winter drilling plans.








    Figure 1: Location of the Peny property and surrounding claims holders within the Greater Snow Lake district.





    "We have planned a comprehensive development program, and we're thrilled to have Longford guide us as we further our exploration initiatives at our flagship Peny Property in Snow Lake Manitoba," said Lowell Kamin, President, CEO & Chairman of the Board of Lodestar. "Longford, with their embedded partnerships, offers a diverse array of technical services that will help us understand the potential at the property, bringing expertise in exploration, geophysics, geomatics, ESG and energy services. Lodestar is looking forward to sharing our highlights for this campaign in the coming months."



    2023 Work Program

    The 2023 field program will be advanced in stages during the coming months. The project development will focus on interpreting the results of the geochemical sampling, remote sensing, and magnetic, radiometric and structural interpretations before delineating targets for channel sampling and potential drilling in the fall of 2023.

  • A review of historical data on the project has been completed, and ongoing regional geophysics and structural evaluation are being conducted to determine controls on pegmatite emplacement in the district.
  • Remote Sensing has been commissioned across the district to determine prospectivity and define priority targets. As a result, the Company has accepted a proposal for the acquisition, processing, and analysis of Synthetic Aperture Radar (SAR) and Sentinel & Aster Multispectral data.
  • Combining modern remote sensing techniques using multispectral imaging and synthetic aperture radar to analyze vegetation, structure, alteration, and ground movement, complex anomalies can be quickly and effectively identified.
  • This multivariate exploration approach combines existing geological, geochemical, and geophysical data with multiple satellite analyses to identify new potential mineral targets.
  • Initial site reconnaissance, ground-truthing of initial targets, and review and sampling of historical core from 83 drill holes completed on the property are contemplated in June; numerous pegmatite intersections are reported from historical information.
  • An Airborne Tri-Axial Gradiometer magnetics, radiometric, and lidar survey will be completed over selected target areas identified from the previous high-value systematic targeting studies.
  • A manned helicopter equipped with specially designed GEM Systems GSMP 35A Airborne Potassium Vapour high-resolution magnetometers mounted on a non-magnetic stinger in a tri-axial array will be utilized.
  • The combination of techniques outlined above and existing data (knowledge of known mineral occurrences, soil and stream sampling, geophysics, regional geology, etc.) can be applied to mineral exploration using a weight-of-evidence approach in an area of interest to outline targets for advanced mineral exploration.
  • A focused field exploration program, including systematic channel sampling, is to be completed in the Summer–Fall of 2023 and is intended to understand better local pegmatite zonation, geochemical fractionation vectoring, and mineral speciation to assess the tenor and conceptualize a potential volume prior to future drilling.
  • An initial budget of CAD$400,000 has been approved for the property.
  • Initial reports from the property in 2022 describe numerous previously unsampled pegmatites across the property.

    In order to preserve capital for its prospective Penny Property, Lodestar is in the process of carrying out a comprehensive review of its financial commitments for the silver-focused Peñasco Quemado and La Frazada properties, in Mexico. The objective will be to reduce required expenditures for non-core areas of the projects.

    About the Peny Property

    The Peny Property is located approximately 25 kilometres northeast of the town of Snow Lake, Manitoba. The Peny Property is prospective for Lithium Pegmatite and Volcanic Massive Sulphide (VMS) style mineralization which is known to occur in the local area.

    The Property encompasses rocks belonging to the Churchill Province and comprises metamorphic and metasedimentary rocks, predominantly Felsic and Arkosic Gniess's, including arkose, arenite, and quartzite-derived gneiss and migmatite belonging to the Missi Group, and Burntwood groups, and encompasses parts of the Crowduck pluton. The Property is located along the Crowduck Bay Fault, which is interpreted as a regional controlling structure associated with pegmatite occurrences and lithium mineralization to the south at the Zorro and Jean Lake prospective areas. The property is also adjacent to the formally producing Osborne Lake VMS Mine, previously operated by the Hudson Bay Mining and Smelting Co. Historical worker's reports covering the property describe local host rocks intruded by coarse-grained, sheared pegmatites. The Company intends to refocus the asset on lithium exploration, which has proven successful at neighbouring sites.

    Qualified Person

    Luke van der Meer (P.Geo) is a consultant to the Company and is a Qualified Person ("QP") as defined by National Instrument 43-101 guidelines – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed the technical information of this news release. Historical information contained in this news release is derived from previous workers' Assessment Reports and has not been field verified.

    References

    1. A mineral resource estimate from 43-101 technical report titled "NI 43-101 Technical Report on the Zoro Lithium Project, Snow Lake, Manitoba," dated July 6th, 2018, was authored by Fedikow et al. The resource quoted is within Table 1.1 – Base Case Inferred Resource estimate: Inferred –1,074,567 tons at 0.91% Li2O (Cut-off grade of 0.30% Li2O).

    2. Mineral Resources in S-K 1300 technical report titled "Technical Report Summary and Resource Estimate, Thompson Brothers Lithium Project, Snow Lake Area, Herb Lake Mining Division, Manitoba, Canada." dated June 9th, 2021, Prepared by Canmine Consultants. The resource quoted is within Table 11.1 –Project Mineral Resource Estimate. Indicated – 9,082,600 tons at 1.00% Li2O, and Inferred – 1,967,900 tons at 0.98% Li2O (Cut-off grade of 0.30% Li2O).

    About Lodestar Battery Metals Corp.

    Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals space. The Company's 100% owned flagship Peny Property comprises 47 mineral claims totalling 11,191 hectares in the Snow Lake District, Manitoba, with access to tier-1 existing infrastructure: railway, roads, airstrip, and power. The Company also owns 100% interest in two significant silver assets in Mexico. The Company intends to build a strong portfolio of battery metals projects to drive future growth through exploration success and from later-stage projects with production potential. The Lodestar business plan calls for a dynamic combination of developing its existing properties, acquisitions, and partnerships to achieve this growth. For more information, visit lodestarbatterymetals.ca

    Contact
    Lodestar Battery Metals Corp.
    Lowell Kamin, President, CEO & Chairman of the Board
    (416) 272-1241 lowell@lodestarbatterymetals.ca

    Investor Relations
    Alyssa Barry, IR Labs Inc.
    1-833-947-5227
    investors@lodestarbatterymetals.ca

    Forward-Looking Statements

    The information set forth in this news release contains forward-looking statements based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Lodestar cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by several material factors, many of which are beyond Lodestar's control. Such factors include, among other things: risks and uncertainties relating to Lodestar's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates.

    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.

    Photo: mma.prnewswire.com
    Logo: mma.prnewswire.com

    SOURCE Lodestar Battery Metals Corp


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    To: LoneClone who wrote (21054)5/23/2023 1:02:24 PM
    From: LoneClone
       of 23754
     
    Cornish Metals Provides South Crofty Tin Project Progress Report

    ca.finance.yahoo.com

    Cornish Metals Inc.
    Wed, May 17, 2023 at 11:00 p.m. PDT·7 min read

    Targeting water treatment plant commissioning and start of mine dewatering this summer
    Pump Installation to commence this month

    VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”) is pleased to provide an update on progress at the South Crofty Tin Project (“South Crofty” or the “Project”), located in Cornwall, SW England.

    Richard Williams, CEO and Director, stated “The team in Cornwall has made great progress over the last five months, despite adverse weather conditions. It is exciting to see the water treatment plant approach completion and we now start turning our attention to the commissioning and commencement of mine dewatering activities this summer. Further news on the metallurgical drill and testwork programme and ongoing Feasibility Study will be issued shortly.”

    Mine Water Treatment Plant

    The mine water treatment plant (“MWTP”) is designed to treat 25,000 cubic metres (“m3”) of mine water per day, and based on historic pumping records, mine dewatering is estimated to take 18 months to complete. Photographs of the construction of the MWTP can be viewed here, and progress on the MWTP is summarised below:

  • All tanks, except the CO2 and deep cone thickener, have been installed with those remaining items expected to be in place by the end of May.

  • All structural steelwork and walkways around the tanks have been assembled and the pipework connecting the tanks and tank valve installation is underway. The MCC (Motor Control Centre) design is complete and manufacturing underway with delivery expected in June.

  • Wet commissioning of the MWTP is now expected to commence in late June (rather than late May) and extend through July, with commencement of mine dewatering in early August.

  • The discharge pipes from the MWTP down into the Dolcoath Deep Adit (the historic drainage tunnel running northwards from South Crofty beneath Pool and Camborne to Roscroggan) have been installed. A turbine will be added ahead of the discharge point that will generate up to 15% of the electricity required to operate the MWTP.

  • The first submersible pump has been successfully tested offsite and is now ready for imminent installation into New Cook’s Kitchen (“NCK”) shaft. The second pump is to be delivered by the end of May for subsequent installation. Piping from NCK shaft to the MWTP is substantially complete.

  • The building housing the high voltage power supply / sub-station and variable speed drives required to operate the pumps is complete, and the 11kV power supply is scheduled to be in place in June.

  • The cost of construction of the water treatment plant is forecast at £6.5 - £7.0 million.

  • Shaft Re-access Work

    Progress on the NCK shaft re-access work is summarised below:

  • Two single drum winders have been ordered for the shaft re-access work, with the main winder from Siemag Tecberg and an emergency winder from Zitron. They are due on site in October and August this year respectively.

  • Conveyance and rope attachment packages for both winders are now being tendered for design and fabrication, and new winding ropes have been ordered for both machines.

  • Both sheave wheels and bearing blocks have been removed from the South headframe. The eastern sheave wheel has been split and the shafts and bearings are now ready for NDT (non-destructive test) testing.

  • Test runs of the submersible pump installation into the shaft have been successfully completed, and the pumps will be installed during May and June.

  • Interim shaft work platforms have been designed and are substantially fabricated. The above water timber compartments in the shaft have been inspected down to No.1 Level, with most sets found to be in good condition.

  • Background

  • South Crofty is an historic, high-grade, underground tin mine that started production in the sixteenth century, and continued operating until its closure in 1998;

  • The Project possesses Planning Permission for underground mining, valid to 2071, to construct a mine water treatment plant, new processing facilities, all necessary site infrastructure, and an Environmental Permit to dewater the mine;

  • South Crofty has the 4th highest grade tin Mineral Resource globally and benefits from the presence of multiple shafts that can be used for future operations;

  • Tin is a Critical Mineral as defined by the UK, USA, and Canadian governments, with approximately 75% of the tin mined today coming from China, Myanmar and Indonesia;

  • There is no primary tin production in Europe or North America;

  • Responsible sourcing of critical minerals and security of supply are key factors in the energy transition and technology growth;

  • South Crofty benefits from strong local community and regional and national government support. The Project could generate 250 – 300 direct jobs.

  • ABOUT CORNISH METALS

    Cornish Metals is a dual-listed company (AIM and TSX-V: CUSN) focused on advancing the South Crofty high-grade, underground tin project through to delivery of a Feasibility Study, as well as exploring its additional mineral rights, all located in Cornwall, South West England. The former producing South Crofty tin mine is located beneath the towns of Pool and Camborne, and 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. 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 is currently well underway. Dewatering of the mine is expected to commence in August 2023.

    An updated Mineral Resource was completed in June 2021 as summarised below:

    South Crofty Summary (JORC 2012) Mineral Resource Estimate

    Area

    Classification

    Mass
    (‘000 tonnes)


    Grade

    Contained Tin / Tin Equivalent (‘000 tonnes)

    Increase in contained Tin / Tin equivalent from 2016 MRE

    Lower Mine

    Indicated

    2,084

    1.59% Sn

    33

    10.2%

    Inferred

    1,937

    1.67% Sn

    32

    129.8%



    Upper Mine

    Indicated

    277

    1.01% SnEq

    3

    9.5%

    Inferred

    493

    0.93% SnEq

    5

    8.0%


    The Mineral Resource Estimate for South Crofty (see news release dated June 9, 2021), is available in a report titled the “ South Crofty Tin Project Mineral Resource Update”, dated June 7, 2021, authored by Mr. N. Szebor, CGeol (London), EuroGeol, FGS, of AMC Consultants (UK) Ltd, can be accessed on the Company’s SEDAR page.

    The technical information in this news release has been compiled by Mr. Owen Mihalop who 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.

    For additional information please contact:

    In North America:

    Irene Dorsman at (604) 200 6664 or by e-mail at irene@cornishmetals.com

    SP Angel Corporate Finance LLP
    (Nominated Adviser & Joint Broker)

    Tel:

    +44 203 470 0470



    Richard Morrison





    Charlie Bouverat





    Grant Barker









    Hannam & Partners
    (Joint Broker)

    Tel:

    +44 207 907 8500



    Matthew Hasson





    Andrew Chubb





    Jay Ashfield









    BlytheRay
    (Financial PR/IR-London)

    Tel:

    +44 207 138 3204



    Tim Blythe

    tim.blythe@blytheray.com



    Megan Ray

    megan.ray@blytheray.com








    ON BEHALF OF THE BOARD OF DIRECTORS

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

    Market Abuse Regulation (MAR) Disclosure

    The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

    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 programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; outcome of the current Feasibility Study; projected dates to commence mining operations; 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.

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    To: LoneClone who wrote (21055)5/23/2023 1:34:47 PM
    From: LoneClone
       of 23754
     
    Brigadier Initiates Phase One Lithium Exploration Program With Compilation of Historical Work

    accesswire.com

    Friday, May 19, 2023 9:00 AM

    VANCOUVER, BC / ACCESSWIRE / May 19, 2023 / Brigadier Gold Limited (the "Company") (TSXV:BRG)(FSE:B7LM)(USA:BGADF) is pleased to share its plans to complete a geoscientific data compilation program for its Nemaska2 Lithium Property ("Nemaska2"), James Bay, Quebec. Of particular focus are the results of historical exploration programs conducted on the recently added "Extension" mineral claims at Nemaska2. The Company anticipates the findings of the data compilation program will assist with ongoing field work that is set to begin.

    The historical data compilation as well as the exploration programs at Nemaska2 will be carried out by the Company's technical partner Géologica Groupe-Conseil ("Géologica") of Val D'or Quebec.

    Spring 2023 Exploration Program

    The focus of the program is to confirm and further delineate pegmatite outcrops mapped and sampled in historical government work at Nemaska2 with a particular focus on the ~20 white pegmatite outcrops, each approximately 1,000 square metres in size. Particular attention will be applied to discover the possible existence of pegmatite dykes or other favorable structures. Subject to ground conditions including snowpack, Phase-1 fieldwork is forecast to commence June 1, 2023. The Company anticipates this initial program will delineate targets for a mid- summer inaugural drill program.

    "We are excited as we initiate our Phase-1 work program at Nemaska2, alongside our reputable exploration partner, Géologica", stated Robert Birmingham, President, and CEO of Brigadier Gold. "Compiling and analyzing historical data from previously completed exploration at Nemaska2 is expected to add crucial information we expect will aid in focusing on the highest value targets on our property."

    Nemaska2 may be one of the most conveniently located properties in the region for access, logistics and infrastructure, which will allow Brigadier to conduct its exploration programs and publish results in an efficient and timely manner.

    With the recently closed private placement the Company is fully funded to carryout Phase-1 exploration at Nemaska2.

    Historical Exploration

    The Quebec government has previously carried out a large sampling program and also an airborne magnetometric survey over Nemaska2 which shows the presence of several low magnetic anomalies likely corresponding with fractures or shear zones within the granitic Valiquette Pluton. These structures are generally favourable to the formation of pegmatites and other metals. The presence of pegmatites recognized during the regional reconnaissance mapping, anomalous values of Li and Cs in regional till sampling, and the presence of a major lithium deposit (Whabouchi Deposit) in the area, are all elements favourable to the existence of mineralization sought by the Company.

    More information can be found in the National Instrument 43-101 technical report filed by the Company under its SEDAR profile on March 14, 2023

    About Nemaska2 Lithium Project

    Nemaska2 consists of 162 map-designated mining titles (Nemaska2 and Nemaska2 Extension) covering a total area of 8,300 hectares and is located in northern Québec, approximately 160 kms east of James Bay, near the community of Nemaska. Neighbouring Nemaska2 are claims held by Li-Ft Power, Brunswick Exploration, Dios Exploration, Critical Elements Lithium, and ~23 kilometres to the east lies Nemaska Lithium's Whabouchi Project.

    Qualified Person

    Mr. Garry Clark, P. Geo., a member of the Company's Board of Directors, a "Qualified Person" under NI 43-101, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

    For further information, please contact:

    Brigadier Gold Limited
    www.brigadiergold.ca
    Robert Birmingham, Chief Executive Officer
    rob@brigadiergold.ca
    (604) 424-8131

    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.

    Forward-Looking Information Cautionary Statement

    This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements include those relating to the timing, initiation and completion of data compilation and its usefulness in guiding future exploration and drilling programs. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's ability to complete all payments and expenditures required under its mineral property option agreements; and other risks and uncertainties relating to the actual results of current exploration activities; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); environmental and regulatory requirements; availability of permits, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. 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 expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    SOURCE: Brigadier Gold Limited

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    To: LoneClone who wrote (21056)5/23/2023 3:45:41 PM
    From: LoneClone
       of 23754
     
    Usha Resources Announces Resumption of Drilling at the Jackpot Lake Lithium Brine Project, Commences Multiple Exploration Programs Across Ontario Lithium Pegmatite Portfolio

    newswire.ca

    Usha Resources Ltd. 18 May, 2023, 07:00 ET

    VANCOUVER, BC, May 18, 2023 /CNW/ - Usha Resources Ltd. ("USHA" or the "Company") (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American lithium mineral acquisition and exploration company focused on the development of drill-ready lithium and other battery and precious metal projects, is pleased to announce the resumption of drilling activities at its flagship Jackpot Lake Lithium Brine Project ("Jackpot Lake") and the commencement of exploration at each of its six (6) lithium pegmatite projects in Ontario.

    Highlights:








    Figure 1 - Regional map overlaying the location of Usha’s lithium pegmatite portfolio with respect to other significant projects in the area. (CNW Group/Usha Resources Ltd.)





  • Drilling is anticipated to commence on or about June 1, 2023, with a larger, more powerful drill rig that should allow each of JP22-01 and JP22-02 to be developed and sampled to 2,000 feet in an expanded borehole, something that was not possible using the previous rig. The Company is advancing these holes as part of its fully financed maiden drill program with the goal of delivering a 43-101 resource estimate. The Company presently has a working capital of approximately C$3 million inclusive of drilling costs for JP22-01 and JP22-02.
  • Drilling to 2,000 feet should allow the Company to greatly expand on the 99-foot and 273–foot intervals of the higher-porosity sand and conglomerate zones where it believes the best potential brines are present. Sampling this zone is a high priority for the project as the coarse-grained basal units are a primary focus for expansion at Albemarle's Silver Peak Lithium Brine Minei, the only domestic supplier of lithium within the US, and at Pure Energy's Clayton Valley Project, where they identified a large volume of brine with superior gradesii.
  • The work will build on the recent identification of the highest grades of lithium at the project at JP22-02, where grades as high as 820 ppm were identified in shallow soils (<500 ft). With an average of 334 ppm Li in the thirty samples collected, these results confirmed that the soils at Jackpot Lake are highly enriched in lithium. The highest lithium assay results are over four times the reported historical average and compare very favourably to the reported average of 100 ppm for the Esmeralda Formation, one of the potential sources of the lithium enrichment for the brines present in Clayton Valley which hosts Albemarle's Silver Peak Lithium Brine Mine.
  • Exploration has commenced at each of the Company's six (6) lithium pegmatite projects in Ontario. The program will involve a combination of prospecting, mapping and rock sampling, combined with soil sampling and geophysical surveying with the goal of identifying priority targets for a fall drilling program.

  • Jackpot Lake Exploration Update
    Drilling is anticipated to commence on or about June 1, 2023, with a larger, more powerful drill rig that should allow each of JP22-01 and JP22-02 to be developed and sampled to 2,000 feet in an expanded borehole, something that was not possible using the previous rig. The Company is advancing these holes as part of its fully financed maiden drill program with the goal of delivering a 43-101 resource estimate.

    Due to the increased capabilities and capacity of the larger drill rig, USHA is poised to take its exploration efforts to increased depths, expanding the scope of the project by advancing each of JP22-01 and JP22-02 to approximately 2,000 feet, thereby potentially greatly expanding on the 99-foot and 273-foot higher-porosity sand and conglomerate zones already identified in each drill hole, respectively, where it believes the best potential brines are present. Sampling these zones is a high priority for the project as the coarse-grained basal units are a primary focus for expansion at Albemarle's Silver Peak Mine, the only domestic supplier of lithium within the US, and at Pure Energy's Clayton Valley Project where a large volume of brine with superior grades has been identified.

    The work will build on the recent identification of the highest grades of lithium at the project at JP22-02, where grades as high as 820 ppm were identified in shallow soils (<500 ft). With an average of 334 ppm Li in the thirty samples collected, these results confirmed that the soils at the Project are highly enriched in lithium. The highest lithium assay results are over four times the reported historical average and compare very favourably to the reported average of 100 ppm for the Esmeralda Formation, one of the potential sources of the lithium enrichment for the brines present in Clayton Valley which hosts Albemarle's Silver Peak Lithium Brine Mine.

    "We are thrilled to announce the resumption of drilling operations using a larger drill rig," said Deepak Varshney, CEO of Usha Resources Ltd. "This marks an important step forward in our exploration efforts and understanding what the Jackpot Lake Basin holds. By exploring to a depth of 2,000 feet, we aim to gather a more comprehensive understanding of the mineral potential within our project area, further enhancing the overall resource estimation and project feasibility of Jackpot Lake."

    The delay in resuming drilling activities is primarily attributed to additional permitting requirements associated with using the larger drill rig including larger disturbance due to earthworks and expanding the diameter of the wellbore. The company would like to extend its appreciation to the relevant agencies and stakeholders for their support throughout the permitting process.

    The Company also wishes to advise that it has not yet received further assay results from the first hole and that samples submitted to the analytical laboratory are still undergoing analysis.

    Ontario Lithium Pegmatite Portfolio Exploration Update
    The Company is also pleased to announce the initiation of exploration activities at its Ontario Lithium Pegmatite Portfolio. The projects, named White Willow, Lee Lake, Mead, Bluett, Gathering Lake, and Triangle Lake, present significant potential for lithium mineralization in the region.

    The exploration program will encompass a comprehensive range of fieldwork activities, including prospecting, mapping, soil and visible outcrop sampling. This extensive approach will provide valuable data and insights into the geological characteristics and lithium potential of each project area.

    The primary focus of exploration will be identifying priority targets for a fall drilling program, in particular at White Willow, which has been confirmed to host a fertile lithium-cesium-tantalum system that contains coarse-grained tantalite crystallization only found in one other locale in Ontario: the North Aubrey pegmatite at Green Technology Metals' (GT1) Seymour Lake project, where GT1 has identified a 9.9-million-tonne resource at 1.04 per cent Li2O.

    "We are excited to commence exploration at our lithium pegmatite assets," stated Deepak Varshney, CEO of Usha Resources Ltd. "Each of these projects offer considerable exploration upside, as they are situated in highly prospective geological settings known for hosting significant lithium mineralization, and we look forward to providing updates as we explore and develop these promising lithium pegmatite projects in Ontario."

    The Company also wishes to confirm that, further to its press release dated April 4, 2023, it confirms it has issued 150,000 common shares (the "Shares") to the Vendors in connection with the first payment of the Option Agreement.

    Qualified Person
    The technical content of this news release relating to the Jackpot Lake Project has been reviewed and approved by Mr. Seth Cude, P.G., CPG. RM, M.Sc., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

    The technical content of this news release relating to the White Willow and Nym Lake Projects has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101.

    About Usha Resources Ltd.
    Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consist of Jackpot Lake, a lithium project in Nevada; White Willow, a lithium project in Ontario; and Lost Basin, a gold-copper project in Arizona. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTC Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.

    USHA RESOURCES LTD.

    "Deepak Varshney" CEO and Director

    For more information, please call Tyler Muir, Investor Relations, at 1-888-772-2452, email tmuir@usharesources.com, or visit www.usharesources.com.

    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.

    Forward-looking statements:
    This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

    The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.



    i Albemarle Corporation, 2023. SEC Technical Report Summary Pre-Feasibility Study Silver Peak Lithium Operation Nevada, USA.

    ii Pure Energy Minerals, 2018. NI 43-101 Technical Report. Preliminary Economic Assessment (Rev. 1) of the Clayton Valley Lithium Project. Esmeralda County, Nevada.




    SOURCE Usha Resources Ltd.

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    To: LoneClone who wrote (21057)5/24/2023 3:21:52 PM
    From: LoneClone
       of 23754
     
    Fjordland Reports Promising Graphite Metallurgical Results for the Renzy Project

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) - Fjordland Exploration Inc. (TSXV: FEX) (the "Company") is pleased to announce that it has received promising results from a scoping level metallurgical evaluation of the graphite potential at its Renzy Project located northwest of Maniwaki Quebec.

    In early 2023, Fjordland engaged SGS Minerals Lakefield to test a representative graphite sample on drill core derived from its 2022 drill program. The primary objectives of the testing were to develop a preliminary understanding of the metallurgical response of the mineralization and to characterize the graphite concentrate in terms of flake size distribution and total carbon grade of different size fractions. After the third floatation test (F3), the 6th cleaner concentrate grade was 95.6% C(t) with a total carbon recovery of 94.2%. This high concentrate grade was achieved with polishing only, which suggests that the impurities are attached to the surface of the flakes rather intercalated. The flake size distributions of the sample classify the product as relatively coarse with 55% of the concentrate mass reporting to the +100 mesh size fractions. Only 5.1% of the total concentrate mass reported to the very small flake sizes of minus 325 mesh.

    James Tuer, Fjordland's President commented, "I'm very encouraged by this early metallurgical testing on the graphite intercepts from our last drill program at Renzy. In order to decide whether further graphite work was warranted, we wanted to make sure that there was good potential for generating a high-grade concentrate. This now appears to be the case and we are looking at expanding the program along the 8km long geophysical signature that's coincident with the graphitic drill intercepts."

    The final 2 holes of the 2022 Renzy drill program tested portions of a long surface anomaly referred to as the "S-Conductor" located 6km south-east of the old Renzy mine. The anomaly coincides with a wide zone of graphite mineralization tested by drill holes RZ-22-06 and RZ-22-07 that intersected 34m and 55m core lengths and averaged 0.9% and 0.7% carbon, respectively. Higher grades occurred within the intercepts and the head grade for the metallurgical test measured 1.57% total carbon.

    Table 1 : Size x Size Assays on F3 6th Cleaner Concentrate

    SizeWeightAssay% Distribution
    Fractiong%% C(t)C(t)
    32 mesh0.30.698.20.6
    48 mesh6.612.298.112.7
    65 mesh9.918.396.118.6
    80 mesh6.512.095.512.1
    100 mesh6.211.595.111.5
    150 mesh11.220.793.420.5
    200 mesh6.612.292.612.0
    325 mesh3.97.292.37.0
    400 mesh1.22.293.62.2
    -400 mesh1.63.091.12.9
    Total Concentrate5410094.7100
    (calculated)


    SGS Lakefield reported that in order to evaluate the quality of the cleaner concentrates with regards to flake size distribution and total carbon grade of the various size fractions, the final cleaner concentrates from F2 and F3 were submitted for a size fraction analysis. The mass distribution and total carbon grades of the various concentrate size fractions from F3 are depicted in Table 1. There is a trend of higher grade flakes in the coarser fractions, reaching >98% C(t) in the +32 mesh fraction down to ~91% C(t) in the finest -400 mesh fraction. All fractions at +100 mesh or coarser (the classified mesh size for many graphite commercial processing plants) achieved >95% C(t), which is often considered an acceptable flake grade target. Approximately 55% of the concentrate mass was in the +100 mesh fractions, indicating fairly coarse flakes are present in the deposit.

    Based on these preliminary results, the Company will concentrate on exploring for locations along the S-Conductor where higher grades may occur. The ultimate value of a graphite deposit is a function of grade and the coarseness of the concentrate grade. Coarser higher grade graphite material, generally referred to as Jumbo Flake, commands significantly higher prices compared with finer concentrates. With the recent announcements regarding the introduction of Electric Vehicle battery manufacturing facilities being built in Bécancour, Quebec. Fjordland believes it is a good position participate in this growth should an economic deposit be developed.

    Quality assurance/quality control

    Fjordland's 2022 Renzy drill program was managed by Equity Exploration Consultants Ltd. of Vancouver, B.C., which provided qualified Quebec-registered geoscience professionals. For graphite samples, graphitic C was determined by digesting sample in 50 per cent HCl to evolve carbonate as carbon dioxide. Residue is filtered, washed, dried and then roasted at 425 C. The roasted residue is analyzed for carbon by oxidation, induction furnace and infrared spectroscopy (C-IR18). ALS Minerals' analytical laboratory in North Vancouver completed the analysis. Full QA/QC statements can be found in press release dated October 24, 2022. Metallurgical work reported herein was completed by SGS Lakefield in Lakefield Ontario.

    About Fjordland Exploration Inc.

    Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large-scale economic metal deposits in Canada.

    In collaboration with Commander Resources Ltd., Fjordland is exploring the SVB "Pants Lake Intrusive" target which is in a geologic setting analogous to the nearby nickel-cobalt-copper Voisey's Bay deposit. Fjordland has earned a 75% interest in the project.

    Fjordland, owns a 100% interest in the Renzy nickel-project located near Maniwaki, Quebec. The project encompasses the former Renzy Mine where, during the period from 1969 to 1972, 716,000 short tons were mined with average grades of 0.70% nickel and 0.72% copper. Fjordland has staked additional claims to increase the size of the project to 530 sq. km.

    As well, Fjordland has two copper-gold properties in the Quesnel Trough of central British Columbia, The West Milligan copper-gold project is a joint venture with Northwest Copper Corp. located within 4 km of Centerra's Mount Milligan copper-gold mine. The 103 sq. km. Witch copper-gold project is located another 35 km west of the Milligan mine.

    Robert Cameron, PGeo, is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "James Tuer"
    James Tuer, CEO

    For further information:
    James Tuer
    Ph: 604-688-3415
    tuer@fjordlandex.com
    www.fjordlandex.com

    Forward-Looking Statements

    This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this news release, including, without limitation, statements regarding the use of proceeds from the private placement, and other future plans and objectives of the Company are forward-looking statements that involve various 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 plans or expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

    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 (21058)5/24/2023 3:34:47 PM
    From: LoneClone
       of 23754
     
    Fremont Stakes Additional Lithium Targets in Nevada

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - May 24, 2023) - Fremont Gold Ltd. (TSXV: FRE) (OTCQB: FRERF) (FSE: FR20) ("Fremont" or the "Company") is pleased to announce that it has staked 600 lode claims for lithium-bearing clays and an additional 105 brine claims over two hydrologically enclosed caldera basins in central Nevada: the northern Diamond Valley and Tub project in the Crescent Valley.

    As described in the Company's news release of May 9, 2023, Fremont's exploration team headed by VP Exploration Dr. Clay Newton, has identified and staked enclosed, Li-prospective, basins in central Nevada, using the Thacker Pass deposit as a model. These two basin environments are previously unrecognized Eocene-age calderas; one in the northern end of Diamond Valley, which straddles the borders of Eureka and Elko Counties, hereafter referred to as the 'Diamond Caldera' and the Tub Project in Crescent Valley in Lander County.



    Figure 1. Diamond Caldera showing geology, caldera ring fractures, claim blocks

    To view an enhanced version of this graphic, please visit:
    images.newsfilecorp.com

    Fremont's VP Exploration Dr. Clay Newton explains, "The two types of lithium deposits found in Nevada are lithium brines and lithium-bearing clays. Lithium brines are found in closed evaporative basins in which there is ample water inflow into the basin but no outflow. Lithium, boron, and alkali elements are residually enriched as the playa lake water evaporates.

    Lithium-bearing sediments, also common in arid evaporative basins, may also contain clays or salts which are enriched in lithium and boron and are frequently found as caldera lake sediments. The lithium is thought to be sourced from the leaching of adjacent or underlying caldera-fill rhyolitic tuffs. The best environments in the western US for forming both lithium brines and lithium-bearing clay deposits are enclosed calderas hosting rhyolitic volcanics.

    At the Diamond Caldera, the geology is remarkably similar to that reported for the Miocene-age McDermitt Caldera in Humboldt County, Nevada, which hosts the world-class Thacker Pass lithium deposit. It is an enclosed basin with no out-flowing stream. An arc of rhyolitic lavas thought to be resurgent magmas, which fueled hydrothermal fluids moving though caldera-fill felsic tuffs, occur on the northeast rim. As mentioned above, the ultimate source for the lithium in the Nevada-style deposits are rhyolitic intra-caldera tuffs. Indeed, these tuffs show similar lithium concentrations as the tuffs in the vicinity of the Thacker Pass deposit. In this model, it is waning hydrothermal activity within the McDermitt caldera that altered original smectite clays to illite, the ore host. Illite clay is able to host several times the concentration of lithium compared to smectite and is key for the formation of world-class economic deposits.

    Since the caldera is Eocene in age, most of the original rhyolitic tuffs have been eroded away, probably washed into Diamond Valley. The enclosed basin, Diamond Valley, also hosts abundant artesian springs, some of them thermal, a very encouraging trait for mineralization that indicates active fluid movement and residual hydrothermal activity within the basin sediments and underlying felsic volcanics."

    During the past months Fremont has filed 133 claims for lithium brines within the Diamond Caldera as well as staked 600 lode claims for lithium-bearing clays on the northern margin of the caldera as shown in the figures above and below, which are currently being recorded.

    Soil geochemical results

    Recent soil sampling within the Diamond Caldera has revealed a boron and lithium anomalous zone on the northern edge of the playa lake between the outer and inner caldera ring fractures, as presented in the image below.





    Figure 2. Diamond Valley gravity map (violet is low) with superimposed boron soil geochemistry within the lode claim area

    To view an enhanced version of this graphic, please visit:
    images.newsfilecorp.com

    Tub Project, Caetano Caldera claim block

    The Tub Project, in Crescent Valley, is another previously unrecognized Eocene-age enclosed caldera basin that hosts felsic tuffs and volcanics. The Caetano Caldera is a Late Eocene caldera that was dismembered and offset along a left-lateral fault. A portion of the caldera remains intact on the east side of the fault and hosts a resurgent dome that may have driven hydrothermal fluid flow across the fault into the block offset to the southwest. The offset portion is a fault-bounded basin with a central gravity low that is a lithium brine target.

    Fremont Gold has 105 placer claims staked at Tub and is in the process of recording these.



    Figure 3. Tub Project gravity map showing suggested resurgent dome and claim block

    To view an enhanced version of this graphic, please visit:
    images.newsfilecorp.com

    President and CEO Dennis Moore comments, "These new lithium assets are extremely exciting additions to the Fremont portfolio, providing Fremont shareholders with an additional important commodity play. The compelling geological model behind these exploration plays is supported by our recent geochemical results which display elevated lithium and boron values where we would expect to see them. We plan to drill test the Diamond Project later this year or early next year depending on permitting."

    Qualified person

    The content of this news release was reviewed by Dennis Moore, Fremont's President and CEO, a qualified person as defined by National Instrument 43-101.

    About Fremont

    Fremont's mine-finding management team has assembled a portfolio of high-quality Nevada gold and lithium projects with the goal of making a new discovery. The Company has also been seeking world-class mineral opportunities within the central Tethyan belt of Armenia and Georgia. Besides Cobb Creek, Griffon, and Hurricane in Nevada, Fremont has entered into a letter of intent regarding the Vardenis property and applied for an exploration license over the Urasar area, which are located in central and northern Armenia respectively.

    On behalf of the Board of Directors,

    "Dennis Moore"

    Dennis Moore
    President and CEO, interim Chairman
    Fremont Gold Ltd.

    For further information, contact:

    Corporate Information
    Fremont Gold Ltd.
    Dennis Moore, President and CEO, interim Chairman
    Telephone: +351 9250 62196
    www.fremontgold.net
    api.newsfilecorp.com
    api.newsfilecorp.com

    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.

    Forward looking statements

    Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Such forward-looking statements are based on several material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause the completion of the Private Placement or the actual use of proceeds to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Actual results and future events could differ materially from those anticipated in such statements. Fremont undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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    To: LoneClone who wrote (21059)5/24/2023 3:49:50 PM
    From: LoneClone
       of 23754
     
    Gratomic informs Operational Update on the Aukam Graphite Mine Site

    accesswire.com

    Tuesday, May 9, 2023 8:00 AM

    Gratomic Inc.
    gratomic.ca

    TORONTO, ON / ACCESSWIRE / May 9, 2023 / Gratomic Inc. ("Gratomic", "GRAT", or the "Company") (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to provide the following operational update for its 100% owned Aukam graphite mine and processing plant located 200 km east of the port of Lüderitz in Namibia.

    In April our technical team arrived at the Aukam mine site to advance the plant in order to batch process one hundred tonnes of a high purity graphite concentrate which will be shipped to industry partners in Asia, Europe and USA for integration into end-user applications. This program completes our operational readiness ahead of commercial production and is contemplated to run through mid-August. This work will complete the installation of the polishing mill and the stirred media mill. These two mills are designed to remove minor impurities from the surface of graphite particles to attain the specification required by customers. This circuit should be installed at the Aukam site by mid-June.

    The processing plant is designed to operate optimally at a graphite feed grade of 35%. From previous programs and test results, we were able to achieve an average grade between 94.8% and 97.3%, with a recovery between 87% and 94% (see Press Release of December 20,2021 with metallurgical results).

    Within the next sixty days, our engineering team will carry out the following actions to prepare for delivery of the final product:

    • Complete the final assembly of the modified flotation columns and spargers
    • Set up and level the base frames for the flotation columns
    • Install a cover for the reagent area
    • Install the dosing pumps for the frother
    • Assemble and install the conditioning tanks
    • Construct the sumps for the flotation columns
    • Connect the air lines for the flotation columns
    • Connect the water feed for the flotation columns
    • Install the upgraded cyclones at the mill discharge
    • Install the mill feed water control system
    • Install the head chute of CV1 conveyor belt
    • Retrofit the CV2 and CV8 conveyor with chevron belts
    • Install the spill boards for the run-of-mine (ROM) bin
    • Assemble fencing for the core storage and mine access.
    This work is expected to be completed in approximately 60 days.

    Arno Brand, President and CEO of Gratomic stated "We are very pleased with the progress at Aukam and look forward to the completion of our final stages and the commencement of production. I'd like to thank our entire

    Gratomic team for their efforts and we look forward to enhancing shareholder value and servicing our global customers".

    Gratomic wishes to emphasize that no Preliminary Economic Analysis, Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact, no mineral resources let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.

    The Company is working towards completing a Feasibility Study (FS) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation, will provide conclusions and recommendation at a FS level of comfort relating to the scale up of the existing processing plant to a commercial scale processing facility capable of producing the desired concentrate grades and production rates.

    Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to file a National Instrument 43-101 Standards of Disclosure for Mineral Projects resource estimate in Q3 2023.

    Risk Factors

    No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant until the FS (Feasibility Study) is completed.

    The Company advises that it has not based its production decision on even the existence of mineral resources let alone on a Preliminary Feasibility Study or FS of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.

    Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.

    Failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability.

    About Gratomic

    Gratomic is a multinational company with projects in Namibia, Brazil, and Canada. The Company aims to become a leading graphite supplier and to secure a strong position in the electric vehicle battery supply chain through the development of its flagship Aukam graphite mine and ongoing exploration at the Capim Grosso property. The Company will continue to explore graphite opportunities that show the potential to produce the specific flake size and purity required for active anodes.

    Large quantities of high-quality vein graphite have been shipped for testing to confirm its suitability as anode material. Gratomic is confident that the test results will provide a unique competitive advantage in the desired target markets. The Company will continue to update the public on the status of these tests and will share results as they become available.

    On the January 25, 2023 Gratomic announced that it had entered into a LOI with Graphex Technologies to supply graphite through existing facilities and develop a downstream processing facility in the continental US.

    Gratomic has entered into a collaborative agreement with Forge Nano to use its patented atomic layer technology (ALD) to coat of spherical graphite required in lithium-ion batteries.

    For more information: visit the website at www.gratomic.ca or contact:

    Arno Brand at abrand@gratomic.ca or (416) 561- 4095

    Subscribe at gratomic.ca/contact/ to be added to our email list.

    For Marketing and Media information, please email: info@gratomic.ca

    "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."

    Forward Looking Statements:

    This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

    SOURCE: Gratomic Inc.

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    To: LoneClone who wrote (21060)5/24/2023 3:52:25 PM
    From: LoneClone
       of 23754
     
    [Graphite] Cullinan Metals Announces Completion of Airborne Geophysical Survey at Lac-des-Iles West Graphite Project

    ca.finance.yahoo.com

    Cullinan Metals Corp.
    May 11, 2023·2 min read

    Figure 1



    Survey flight lines dimensions

    VANCOUVER, British Columbia, May 11, 2023 (GLOBE NEWSWIRE) -- Cullinan Metals Corp. (CSE: CMT)(OTCQB: CMTNF) (“Cullinan” or the “Company”) is pleased to announce the successful completion of geophysical surveys at the Lac-des-Isles West graphite project. Airborne magnetic (MAG) and time-domain electromagnetic (TDEM) geophysical surveys were conducted over the Property by Prospectair Geosurveys, a leading provider of airborne geophysics services.

    The Lac-Des-Iles property consists of 43 mineral claims in one contiguous block covering approximately 2,276 hectares land, near the town of Mont-Laurier in southern Québec. The claims are located adjacent to the north and west of the Lac des Iles Graphite Mine (LDI mine) previously owned by Imerys Graphite and Carbon, which has been in operation for over 20 years and is the only significant graphite producer in North America. Cullinan Metals property has excellent infrastructure support, road accessible, located 150 kilometres from Montreal, water, power and manpower available locally.

    In April 2023, Prospectair completed a total of 328 line-km of MAG and TDEM surveys over the Property. The survey was carried out with traverse lines oriented N106 to properly map the dominant magnetic/geological strike, and with a 100m line spacing. Control lines were flown perpendicular to traverse lines and at a 1000 m line spacing (see Figure 1 below). The survey data is being processed and will be released as soon as available.

    “We are excited about getting our exploration program up and running for the season. The geophysics will help identify high priority targets,” said Marc Enright-Morin, President and CEO of Cullinan Metals. “The identification of high-priority targets will provide us with a clear roadmap for our upcoming exploration program, and we look forward to advancing our understanding of the property's potential.”

    Figure 1: Survey flight lines dimensions



    Survey flight lines dimensions

    Afzaal Pirzada, P.Geo., Geological Consultant of the Company, and a “Qualified Person” for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

    On Behalf of the Board,

    CULLINAN METALS CORP.

    Marc Enright-Morin
    CEO, Director
    (604) 669-9788

    About Cullinan Metals Corp.

    Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. Cullinan is focused on key energy resources such as the development of copper, graphite and lithium assets around the world.

    Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy of accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contain herein.

    Forward-Looking Statements

    Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the proposed FT Offering, including the size, pricing and timing thereof, the type of securities being offered thereunder, the investors participating therein, the intended use of proceeds therefrom, the tax treatment of the securities to be issued under the FT Offering pursuant to the Act and Taxation Act (Quebec), the timing to renounce all Qualifying Expenditures in favour of the subscribers (if at all), and the conditions and approvals required and applications being filed in connection therewith. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Certain of these risks are set out in more detail in the Company's Annual Information Form for the financial year ended September 30, 2022, dated as of January 17, 2023 which has been filed on SEDAR and can be accessed at www.sedar.com. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

    A photo accompanying this announcement is available at globenewswire.com

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    To: LoneClone who wrote (21061)5/24/2023 3:54:27 PM
    From: LoneClone
       of 23754
     
    South Star Battery Metals Announces Corporate Update including Santa Cruz Graphite Mine Phase 1 Construction Update

    accesswire.com

    Tuesday, May 23, 2023 8:00 AM

    South Star Battery Metals Corp.
    southstarbatterymetals.com

    Highlights:

    • Santa Cruz Phase 1 construction is on budget and on schedule through end of April with commercial production planned for the EOY 2023.
    • Drilling at BamaStar to support NI 43-101 Preliminary Economic Assessment ("PEA") mobilized May 15th, 2023 for a 2 month diamond drilling program.
    • South Star is reviewing proposals for the NI 43-101 preliminary economic assessment ("PEA") scheduled for end of Q1 2024.
    • South Star will participate in 121 Mining Investment Conference in New York and Benchmark Gigafactories USA conference in Washington DC.
    • South Star has hired a new market making service provider.
    • Closing of private placement.
    VANCOUVER, BC / ACCESSWIRE / May 23, 2023 / South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBD), is pleased to announce a Phase 1 construction update for the Santa Cruz Graphite Mine in Bahia Brazil, as well as providing a general corporate update.

    Richard Pearce, CEO of South Star commented, "Santa Cruz construction on the Phase 1 plant and mine installations continues on budget and on schedule through the end April 2023. BamaStar is moving forward. The same drillers we used on the maiden resource program at BamaStar mobilized May 15th for a 2-month diamond drilling campaign in support of the upcoming PEA, which will present our 5-7 year strategic plan of two mines producing a 100,000 tonne per year ("tpy") of high quality concentrates and 60-70,000 tpy of value-add and battery anode materials. South Star has two scalable assets in strategic, stable, mining-friendly jurisdictions and the team to build and operate them in a safe responsible manner in partnership with communities and stakeholders. It's happening at the perfect time, when supply is constrained and demand is growing exponentially. This dynamic is expected to place significant pressure on the graphite price in 2023 and for the foreseeable future. Santa Cruz will be the first new graphite producer in the Americas since 1996, and BamaStar is expected to be producing in 2027."

    Santa Cruz Construction and Licensing Update

    Construction through the end of April 2023 is on schedule and on budget for Phase 1 commercial production at the EOY 2023. Q2 2023 the main work programs include:

    • Civil construction, foundations, and retention walls for the plant area;
    • Civil infrastructure including entrance, security, additional offices, supply chain storage warehouse and contractor support area;
    • Electrical substation and internal electrical distribution network; &
    • Delivery of approximately 35% of the major equipment.
    BamaStar PEA

    The drilling company has mobilized for a 2-month drilling program in support of the upcoming PEA, planned for completion end of Q3, 2024. The driller is the same company that completed the recently filed maiden resource definition drilling program. The PEA program will include approximately 1,500-2,000 meters, and the goals are to expand the existing mineral resources, continue testing boundaries and improve the understanding of the geology and mineralization controls. The drilling program includes both step-out drilling to expand resource definition and some in-fill drilling to upgrade inferred resources into measured and indicated categories. The program will also include some oriented core in key holes to better understand structures and geotechnical/geomechanical parameters.

    In addition, the Company is reviewing proposals for the upcoming PEA, which will present the 5-7 year strategic plan of two mines in strategic jurisdictions producing a 100,000 tonne per year ("tpy") of high quality concentrates and 60-70,000 tpy of value-add and battery anode materials. The Company is advancing with studies associated with value-add physical and chemical characterizations, battery suitability tests, as well as floatation, purification, micronization and spheronization technologies.

    South Star Participation in Upcoming 121 Mining Investment Conference in New York City and the Benchmark Minerals Intelligence Gigafactory USA Conference in Washington DC

    South Star is pleased to announce its participation in the upcoming 121 Mining Investment Conference in New York City on June 5-6. 121 Mining Investment New York will be hosting approximately 80 mining companies and more than 300 investors for two days of targeted one to one meetings. In addition, the Company will be participating in the Benchmark Minerals Intelligence Battery Gigafactories USA 2023 Conference in Washington DC on June 8-9. The conference will explore the rise of USA's lithium ion battery gigafactory economy and the need to build secure, sustainable supply chains for lithium, nickel, graphite, cobalt, manganese, rare earths and other critical raw materials.

    South Star Retains Red Cloud Securities Inc. to provide Market-Making Services

    South Star has retained Red Cloud Securities Inc. ("Red Cloud"), an arm's length party, to provide market stabilization and liquidity services in compliance with the policies and guidelines of the TSX Venture Exchange. Red Cloud is an established IIROC regulated broker dealer offering corporate issuers advisory, investment banking, research, and distribution services. As consideration for the services, the Company has agreed to pay Red Cloud a flat monthly fee of $5,000, payable quarterly in advance. Red Cloud will provide the services on an ongoing basis unless the agreement is terminated by either party with no less than 30 days' prior notice.

    Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of the Company. There are no performance factors contained in the agreement with Red Cloud and Red Cloud will not receive any common shares or options from the Company as compensation for its services. The engagement of Red Cloud is subject to the approval of the TSX Venture Exchange.

    Closing of a Non-Brokered Private Placement

    South Star has completed a non-brokered private placement of units (the "Private Placement" or the "Offering") for total proceeds of C$67,800.25. Net proceeds from the Private Placement will be used for exploration, development, Phase 1 construction activities, corporate G&A and general working capital requirements. Phase 1 commercial production is planned for Q4 2023.

    The Private Placement consists of 127,925 units priced at C$0.53 per unit (the "Units"). Each Unit consists of one (1) common share and one (1) common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$1.25 per common share for a period of five years from the date of issue, subject to acceleration as set out below. The securities issued in this Private Placement will be subject to a four-month hold period from the date of closing and approval by the TSXV, expiring September 24, 2023.

    If during a period of ten consecutive trading days between the date that is four (4) months following the closing of the Private Placement and the expiry of the Warrants the daily volume weighted average trading price of the common shares of the Company on the TSXV (or such other stock exchange where the majority of the trading volume occurs) exceeds C$2.50 for each of those ten consecutive days, the Company may, within 30 days of such an occurrence, give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date. Upon receipt of such notice, the holders of the Warrants will have 30 days to exercise their Warrants. Any Warrants which remain unexercised at 4:00 p.m. (Vancouver time) on the 30th day following the giving of such notice will expire at that time.

    About South Star Battery Metals Corp

    South Star Battery Metals Corp. is a Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95%-99% Cg. With excellent infrastructure and logistics, South Star is fully funded for Phase 1, and the 12-month construction and commissioning are underway. Santa Cruz will be the first new graphite production in the Americas since 1996 with Phase 1 commercial production projected in Q4 2023. Phase 2 production (25,000tpy) is partially funded and planned for 2026, while Phase 3 (50,000tpy) is scheduled for 2028.

    South Star's second project in the development pipeline is strategically located in Alabama in the center of a developing electric vehicle, aerospace and defense hub in the southeastern United States. The BamaStar Project is a historic mine active during World Wars I & II. Trenching, phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed. The testing indicates a traditional crush/grind/flotation concentration circuit that achieved grades of approximately 94-97% Cg with approximately 86% recoveries. South Star is executing on its plan to create a multi-asset, diversified battery metals company with near-term operations in strategic jurisdictions. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

    South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education, and stewardship. To learn more, please visit the Company website at pr.report.

    This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals Corp.

    On behalf of the Board,

    Mr. Richard Pearce
    Chief Executive Officer
    For additional information, please contact:

    South Star Investor Relations
    Email: invest@southstarbatterymetals.com
    +1 (604) 706-0212

    Twitter: pr.report
    Facebook: pr.report
    LinkedIn: pr.report
    YouTube: South Star Battery Metals - YouTube

    CAUTIONARY STATEMENT

    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 press release.

    Forward-Looking Information

    This press release contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements in this press release include, but are not limited to, statements regarding: moving Santa Cruz into production and scaling operations as well as advancing the Alabama project; and the Company's plans and expectations.

    Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

    SOURCE: South Star Battery Metals Corp.

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