| To: LoneClone who wrote (22539) | 5/16/2024 3:17:59 PM | | From: LoneClone | | | | Xplore Receives Drill Program Permit for Surge Lithium Project; Drilling to Commence in June
newsfilecorp.com
May 15, 2024 7:20 AM EDT | Source: Xplore Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Xplore Resources Corp. (TSXV: XPLR) ("Xplore" or the "Company") is pleased to announce it has received an Early Exploration Permit for drilling at its Surge Lithium Project, located in the emerging Root lithium district in northwest Ontario. The Surge Project is adjacent to and on trend with Green Technology Metals' Root Bay project (Figure 1) - host to a new lithium deposit with a 10 Mt at 1.29% Li2O JORC Resource1 as well as a recent discovery at Root Bay East that includes drill results just 25 m from Xplore's Surge project (Figure 2). Program planning and drill targeting are underway and the company will provide further details of its exploration program in the coming weeks. The Surge drill program is expected to commence in June, 2024.
News Highlights
- Surge Project Located Along 10 km of the Root Bay Lithium Trend. The Surge property is positioned within 10 km of prospective geology along the Root Bay lithium trend. Drilling results reported by Green Technology Metals for five holes within 50 m of the Surge property boundary include 23.3 m of 1.16% Li2O (RBE-23-007), 10.5 m of 1.08% Li2O (RBE-23-008), 11.7 m of 1.12% Li2O (RBE-23-009),1 and 11.6 m of 1.18% Li2O (RBE-23-30)2 (Figure 2).
- Rapid Growth Along the Root Bay Trend. The Root lithium area has experienced rapid growth since 2023 with a new lithium discovery at the Root Bay deposit. The deposit now boasts a 10 Mt at 1.29% Li2O JORC Resource,1 spanning approximately 1.5 km of the Root Bay trend. Recent exploration drilling by Green Technology Metals has identified a potential new stacked system of pegmatites at Root Bay East, with drill results located 25 to 50 m from Xplore's Surge property boundary. The Surge property is situated along the eastern extension of the trend, covering approximately 10 km of prospective geology.
Figure 1. Xplore Resource's Surge Lithium Project area showing drill targets, nearby deposits and prospects.
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Figure 2. Annotated drone photo taken near Xplore's Surge Project boundary with Green Technology Metals Root Project (looking east). Annotations show the location of recent drilling by Green Technology Metals with lithium drill results as close as 25 m from the Surge property boundary.
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The technical content of this news release has been reviewed and approved by Karly Oliver, P.Geo., director of the Company and a Qualified Person pursuant to National Instrument 43-101.
About Xplore Resources
Xplore Resources is a North American lithium exploration company listed on the TSX Venture Exchange under symbol XPLR. The company has a prospective land package in the emerging Root Bay lithium district located in northwest Ontario. Xplore's flagship property is the Surge lithium project, on trend and near two lithium deposits and just 25 m from a new lithium discovery. The Company is led by a highly experienced management team with a strong track record of growing shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS,
Dominic Verdejo, CEO
Xplore Resources Corp.
For further information on Xplore, contact:
Telephone: 604-678-5308
Email: info@xploreresources.comWebsite: www.xploreresources.com
________________________
1 Green Technology Metals news release dated November 22, 2023
2 Green Technology Metals news release dated March 26, 2024
 SOURCE: Xplore Resources Corp. |
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| To: LoneClone who wrote (22540) | 5/17/2024 12:42:05 PM | | From: LoneClone | | | | Arbor Metals to Acquire Kemlee Lake Lithium Project in Northern Ontario
thenewswire.com
Vancouver, Canada – TheNewswire - May 17, 2024 – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) announces that it has entered into an agreement (the “Purchase Agreement”), dated May 16, 2024, with Kemlee Lake Lithium Corp. (“KLL”), and the sole shareholder of KLL (the “Vendor”), pursuant to which it proposes to acquire all of the outstanding share capital of KLL. KLL is the holder of the Kemlee Lake Lithium Project (the “Project”) situated in the heart of the Georgia Lake Lithium Camp, Thunder Bay Mining Division, Ontario.
The Project is strategically located three kilometers east of Rock Tech Lithium Inc.'s Aumacho claim blocks and twelve kilometers south of the Georgia Lake Project. Rock Tech's recent announcement on March 4, 2024, revealed the selection of the Norampac Paper Mill site as the location for its lithium refinery, marking a significant milestone as the first of its kind in Ontario with production forecasted for 2027.
The Project shares many geological similarities with the prolific Georgia Lake deposit, including bedrock geology and the presence of massive intrusive dykes. The primary target at the Project will be spodumene-bearing pegmatites hosted in metasediments. The Company is currently in the process of designing an initial exploration program for the Project.
“We are thrilled to announce the acquisition of the Kemlee Lake Lithium Project, which will strategically position Arbor Metals in the heart of the Georgia Lake Lithium Camp,” stated Mark Ferguson, President of Arbor. “This acquisition aligns seamlessly with our vision of expanding our hard rock lithium portfolio and underscores our commitment to sustainable resource development."
Arbor remains dedicated to conducting its exploration and development activities in an environmentally responsible manner while fostering positive relationships with local communities and Indigenous nations. The Company believes that the addition of the Kemlee Lake Lithium Project enhances its ability to play a key role in Canada's green economy, contributing to the nation's transition towards a sustainable future.
Pursuant to the terms of the Purchase Agreement, the Company proposes to acquire all of the outstanding share capital of KLL in consideration for the issuance of 1,500,000 common shares to the Vendor. The Company is at arm's length from the Vendor and KLL. No finders' fees or commissions are payable by the Company in connection with the acquisition.
In connection with Purchase Agreement, the Company does not expect to assume any material liabilities related to the Project, nor does it expect to devote the majority of its working capital or resources to the development of the Project. The primary focus of the Company at this time remains the planned Phase 2 exploration program at its wholly owned Jarnet Lithium Project, the details of which were announced by the Company in its news release of April 3, 2024. As a result, the acquisition does not constitute a fundamental acquisition for the Company within the policies of the TSX Venture Exchange. Completion of the acquisition remains subject to the approval of the TSX Venture Exchange and the satisfaction of customary closing deliveries.
Qualified Person
Peter Born, a qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The Company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.
The Jarnet, Corvette Lake and St. Pierre lithium projects, located in the James Bay region of Quebec, comprises 83 map-designated claims, covering an area of approximately 5,606 hectares. The projects are contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization representing one of the highest-profile lithium exploration projects in the sector.
Click Image To View Full Size
For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetalscorp.com, or 403.852.4869, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the exploration of the Kemlee Lake Lithium Project and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations. |
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| To: LoneClone who wrote (22541) | 5/17/2024 1:42:53 PM | | From: LoneClone | | | | Neotech Metals Begins Field Work on its Foothills REE Project, British Columbia
newsfilecorp.com
May 15, 2024 4:00 AM EDT | Source: Neotech Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or the "Company"), a rare-earth mineral exploration company, is pleased to announce the start of its summer field program on its 100% wholly-owned Foothills project in British Columbia, Canada.
Ground-based geophysics, rock and stream sediment sampling, geochemical soil, and biogeochemical sampling focusing on the anomalous British Columbia Geological Survey ("BCGS") stream-sediment samples will be used to aid in targeting any potential discoveries. Using this methodology has led to significant discoveries in the past (e.g., Brummer et al. 1987).
Teamed up with Anomalous Exploration Ltd, Neotech employees, and contractors will focus on samples to be taken on a regional scale and sent into labs for assay to prepare for a mapping and prospecting program planned for later this year.
The ongoing BCGS survey, along with recent literature, ranks the region as highly prospective due to the elevated concentrations of rare-earth elements scoring in the 98th percentile across the survey, conducted across the entire province.
The recent BCGS publication (January 2024) can be found here.
Reagan Glazier, CEO of Neotech Metals, commented: "We're excited to commence work on this highly prospective ground and to be able to gain access to the property this early in the season due to the diminished snowpack, allowing us to systematically explore the region in multiple phases within a single year."
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. Ike Osmani, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
For more Information please contact:
Reagan Glazier, Chief Executive Officer
E-mail: info@neotechmetals.com
Telephone:+1 403-815-6663
About Neotech Metals Corp.
Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.
The Company is a dedicated rare-earth element mineral exploration company based in Vancouver, B.C., and owns 100% of it's TREO Rare Earth Element Property located 90km Northeast of Prince George, British Columbia and its Foothills Project which it also owns wholly 100%. The Company also holds options on the EBB nickel-cobalt property in British Columbia, Canada.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.
The CSE has not reviewed, approved, or disapproved the contents of this press release.
 SOURCE: Neotech Metals Corp. |
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| To: LoneClone who wrote (22542) | 5/17/2024 1:46:03 PM | | From: LoneClone | | | | Champion Electric Metals Reports First Lithium Drill Intersections from Its Property in James Bay, Quebec
newsfilecorp.com
May 14, 2024 6:45 AM EDT | Source: Champion Electric Metals Inc.
Toronto, Ontario--(Newsfile Corp. - May 14, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") is pleased to report that it has intersected lithium in its maiden exploration drill program on the Western Prospect at the Lithium Property in James Bay, Quebec (the "Property").
Drill hole EIQ24-007 intersected 10.0 metres (m) at 0.42% Li2O, including 3.0 m at 0.62% Li2O, 2.0 m at 0.50% Li2O and 2.0 m at 0.54% Li2O. Drill hole EIQ24-008 intersected 1.85 m at 0.56% Li2O (see Figure 1, Tables 1 and 2). These drill intersections are from the Western Prospect on a high-priority pegmatite target directly up-ice from the previously reported spodumene grains in till discovery.
Jonathan Buick, President and CEO, commented: "Discovering a lithium bearing pegmatite in our maiden drill program is a fantastic achievement. We believe we have intersected the edge of a mineralised system which may extend to the NE for some distance. Our upcoming field program will pick up immediately to the NE of the mineralised pegmatite, as the spring thaw prevented drill access in this direction. We are still in the early stages of exploration on our vast property, but we have now established a successful exploration workflow that we intend to apply over the whole property."
The lithium bearing intervals were also anomalous in the pathfinder elements tantalum (Ta), cesium (Cs), niobium (Nb), and rubidium (Rb) (Table 1).
The spodumene crystals vary from light to medium green in colour and are up to 7 centimetres in length. Other associated minerals include quartz, albite, muscovite, white feldspar, orange feldspar and, less frequently, garnet.
The drill holes intersected a combination of mafic volcanic rocks, magnetite-rich iron formation and tonalite. The preliminary interpretation is that the pegmatite dyke intersected is near flat lying and subcrops beneath the glacial till at a vertical depth of approximately 5 metres (Figure 2). There is potential to extend these drill intersections to the northeast where outcropping pegmatites with anomalous Cs and K/Rb occur. The Company's technical team has used mapping, sampling, and geophysics to identify two parallel corridors of pegmatite stretching for more than 5 kilometres (Figure 3). There are numerous outcrops and till samples demonstrating that the pegmatites along the corridor are fractionated with chemistry favorable for more lithium mineralisation. As exploration moves along these corridors, the team will be looking for indications of multiple parallel or stacked dykes of mineralised pegmatite and/or down dip continuation from this initial shallow discovery.
Table 1: 2024 Drill Intersections
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Table 2: Drill Hole Locations
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Figure 1: Location map of the 2024 drill holes (EIQ24-007/008 highlighted)
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Figure 2: Cross section of EIQ24-007 and EIQ24-008
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Figure 3: Exploration potential along strike
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About the Project
The Champion Electric Lithium Property is close to the Trans-Taiga Road and covers the northern extension of the Lac Guyer Greenstone Belt, which hosts neighbouring Patriot Battery Metals' Corvette and Winsome Resources' Cancet advanced projects in the prolific James Bay region of Quebec (Figure 4).
Figure 4: Champion Electric Lithium Project location map
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QA/QC
The NQ drill core was transported by truck from the drill site to the core logging facility at the Mirage camp by the drilling company Forage Vortex. All drill core was logged, photographed and the pegmatite intervals tagged for sampling. The core samples were cut in half with a diamond core saw at 1.0 m intervals to ensure representativity. Each sample interval consists of one half of the cut NQ drill core. Blanks and certified reference materials for lithium were inserted every 25 samples. Each sample was bagged with a numbered tag and groups of samples were placed in larger rice bags and sealed to maintain a chain of custody. All sample preparation and analytical work was performed by Activation Laboratories in Val D'or, Québec. All results passed the QA/QC screening at the lab and all the inserted standards and blanks returned results that were within acceptable limits.
Qualified Person
Dr. Eric Hebert, P.Geo., Senior Geological consultant, is a member (#0842) of the Ordre des Géologues du Québec (OGQ) and a qualified person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this press release. All aspects of the drilling program were supervised by the Qualified Person.
About Champion Electric Metals Inc.
Champion Electric is a discovery-focused exploration company that is committed to advancing its highly prospective lithium properties in Quebec, Canada and cobalt properties in Idaho, United States. In addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic project in Butte County near Arco.
The Company's shares trade on the CSE under the trading symbol "LTHM", on the OTCQB under the trading symbol "CHELF", and on the Frankfurt Stock Exchange under the symbol "1QB0". Champion Electric strives to be a responsible environmental steward, stakeholder, and contributing citizen to the local communities where it operates, taking its social license seriously, employing local community members and service providers at its operations whenever possible.
ON BEHALF OF THE BOARD OF CHAMPION ELECTRIC
"Jonathan Buick"
Jonathan Buick, President, and CEO
To learn more, please visit the Company's SEDAR profile at www.sedarplus.ca or the Company's corporate website at www.champem.com.
For further information, please contact:
Investor Relations and Communications
Phone: (647) 249-9298
Email: iryna@grovecorp.ca
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.
Cautionary Statements
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by management of the Company, including closing of the Transactions and the prospectivity of the Projects for lithium. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and approved this news release have not verified scientific or technical information produced by third parties.
 SOURCE: Champion Electric Metals Inc. |
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| To: LoneClone who wrote (22543) | 5/17/2024 1:50:35 PM | | From: LoneClone | | | | [REE]
Appia Announces Encouraging Initial Results from the Newly Identified Taygeta and Merope Exploration Targets at PCH Project, Brazil
newsfilecorp.com
May 14, 2024 7:44 AM EDT | Source: Appia Rare Earths & Uranium Corp.
Toronto, Ontario--(Newsfile Corp. - May 14, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today the results from the newly identified exploration targets Taygeta and Merope. A total of 111 samples from 18 auger drill holes were assayed by SGS-GEOSOL Laboratories in Vespasiano, Brazil. The results confirm that the regolith developed over the Ipora Granite presented significant enrichment of Heavy Rare Earth Oxides (HREO), characteristic of the Ionic Adsorption Clay (IAC) rare earth elements (REE) deposits identified at other PCH target zones.
Stephen Burega, President, commented, "These initial results from the auger drill program are very promising, and provide us with a strong indication that the PCH project can host multiple new IAC REE mineralized areas in addition to the resource already identified in our maiden Mineral Resource Estimate (MRE) completed by SGS Canada. Additionally, these new target zones are considerably larger in total area as compared to the Target IV. Desorption test results will be reported once received."
Highlights
- The new targets are in the Eastern portion of the PCH claims, approximately 15 km East from Target IV and the Buriti Zone (see Figure 1).
- Selected intercepts for Heavy Rare Earth Oxide (HREO), Total Rare Earth Oxide (TREO), Dysprosium plus Terbium oxides (Dy+Tb) and Praseodymium plus Neodymium oxides (Nd+Pr) grades in Parts Per Millions (ppm):
- PCH-AH-190 - 4m@1848ppm TREO, 1138ppm HREO, 106ppm Dy+Tb, 205ppm Nd+Pr from 1m.
- PCH-AH-193 - 5m@1254ppm TREO, 270ppm HREO, 29ppm Dy+Tb, 217ppm Nd+Pr from 1m.
- PCH-AH-194 - 2m@1175ppm TREO, 274ppm HREO, 31ppm Dy+Tb, 257ppm Nd+Pr from 4m.
- PCH-AH-199 - 2m@1131ppm TREO, 276ppm HREO, 30ppm Dy+Tb, 209ppm Nd+Pr from 2m.
- PCH-AH-201 - 4m@ 1022ppm TREO, 245ppm HREO, 28ppm Dy+Tb, 211ppm Nd+Pr from 2m.
- PCH-AH-202 - 8m@1696ppm TREO, 1070ppm HREO, 101ppm Dy+Tb, 172ppm Nd+Pr from 0m.
- PCH-AH-204 - 5m@1267ppm TREO, 754ppm HREO, 75ppm Dy+Tb, 168ppm Nd+Pr from 1m.
- PCH-AH-207 - 6m@1025 ppm TREO, 262ppm HREO, 29ppm Dy+Tb, 196ppm Nd+Pr from 3m.
- The grade distribution signature found at depth in the auger drill holes is compatible with the pattern commonly found on IAC REE deposits (see Figures 2 and 3).
- The Taygeta and Merope targets cover an area of 546 and 1,134 hectares respectively.
- These first phase auger drill holes average 6.22 metres in depth, and most ended in mineralization leaving the interval open at depth.
- Intercepts of all auger drill holes are presented in Table 1. The full set of results are included in this LINK.
Tom Drivas, CEO, stated, "Building on our recent news confirming the presence of IAC mineralization through desorption testing, I am extremely excited by the identification of new, large scale targets across the PCH project which are underlain by the IAC mineralization produced by these weathered Ipora granites. We have a lot of work to do over the coming months to fully delineate these new target zones, and to assess the implications of their addition to our maiden MRE, and true value to the marketplace."
Table 1 - Intercepts from all auger holes on targets Taygeta and Merope. For a full list of results, please click here.
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*Total Rare Earth Oxides: TREO = Y2O3 + Eu2O3 + Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + La2O3 + Ce2O3 + Pr2O3 + Nd2O3 + Sm2O3
*Heavy Rare Earth Oxides: HREO = Gd2O3 + Tb4O7 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3
*Nd+Pr Oxides= Nd2O3+Pr2O3
*Dy+Tb Oxides= Dy2O3+Tb4O7
*Element to Oxide Conversion Factor - Cerium Ce2O3 1.1713, Cerium CeO2 1.2284, Dysprosium Dy2O3 1.1477, Erbium Er2O3 1.1435, Europium Eu2O3 1.1579, Gadolinium Gd2O3 1.1526, Holmium Ho2O3 1.1455, Lanthanum La2O3 1.1728, Lutetium Lu2O3 1.1371, Neodymium Nd2O3 1.1664, Praseodymium Pr2O3 1.1703, Praseodymium Pr6O11 1.2082, Samarium Sm2O3 1.1596, Terbium Tb2O3 1.1510, Terbium Tb4O7 1.1762, Thulium Tm2O3 1.1421, Yttrium Y2O3 1.2699, Ytterbium Yb2O3 1.1387
Figure 1 - Map presenting the exploration auger drill holes location and targets.
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Figure 2 - Strip log of selected auger holes from Taygeta Target.
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Figure 3 - Strip log of selected auger holes from Merope Target.
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Andre Costa, VP Exploration for Brazil, commented, "The confirmation of these new targets opens the prospect of finding new exploration targets associated with the Ipora Granite across the entirety of the PCH project area which covers an impressive +40,000 hectares. Auger samples for desorbability testing are being prepared to corroborate the IAC REE mineralization in Taygeta and Merope targets. Delineation drilling will follow upon favorable desorption results."
On March 1st, 2024, the Company announced its maiden Mineral Resource Estimate (MRE) on Target IV and the Buriti Zone ( Click here for the Press Release), and the companion NI 43-101 technical report on the PCH Project was filed on April 16th, 2024. ( Click here for the Press Release)
John Tumazos Very Independent Research Presentation
Appia invites you to register for a webinar on May 14th at 9:45 AM EDT, Eastern Daylight Time (North America) with Appia Rare Earths & Uranium Corp.'s President, Mr. Stephen Burega and VP of Exploration, Brazil, Mr. Andre Costa, and renowned former Wall Street analyst, John Tumazos of Very Independent Research. John will dig in on the latest developments at Appia Rare Earths & Uranium Corp.
To register for the event click here.
After registering, you will receive a confirmation email containing information about joining the webinar.
QA/QC
Auger drill holes are vertical and reported intervals are true thickness. The material produced from drill holes are sampled at one metre intervals, resulting in average sample sizes of 5-10 kg. Quartering of the material was performed at Appia's logging facility using a riffle splitter and continued splitting until a representative sample weighing approximately 500g each was obtained, bagged in a resistant plastic bag, labeled, photographed, and stored for shipment.
The bagged samples are sent to the SGS laboratory in Vespasiano, Minas Gerais. In addition to the internal QA/QC of the SGS Lab, Appia includes its own control samples in each batch of samples sent to the laboratory.
Quality control samples, such as blanks, duplicates, and standards (CRM) were inserted into each analytical run. For all analysis methods, the minimum number of QA/QC samples is one standard, one duplicate and one blank, introduced in each batch which comprise a full-length hole. The rigorous procedures are implemented during the sample collection, preparation, and analytical stages to insure the robustness and reliability of the analytical results.
All analytical results reported herein have passed internal QA/QC review and compilation. All assay results of Auger samples were provided by SGS Geosol, an ISO/IEC 17025:2005 Certified Laboratory, which performed their measure of the concentration of rare earth elements (REE) with the IMS95R analytical method that uses lithium metaborate fusion prior acid dissolution and Inductively Coupled Plasma Mass Spectrometry (ICP-MS).
The technical information in this news release, including the information related to geology, drilling, and mineralization, has been reviewed and approved by Andre L. L. Costa, Appia's VP Exploration for Brazil, with more than 29 years of relevant experience. Mr. Costa is a Fellow of the Australian Institute of Geoscientists (FAIG) and is a Qualified Person (QP) as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Appia Rare Earths & Uranium Corp. (Appia)
Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company holds the right to acquire up to a 70% interest in the PCH Ionic Adsorption Clay Project (See June 9th, 2023 Press Release - Click HERE) which is 40,963.18 ha. in size and located within the Goiás State of Brazil. (See January 11th, 2024 Press Release - Click HERE) The Company is also focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, and exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 94,982.39 hectares (234,706.59 acres) in Saskatchewan. The Company also has a 100% interest in 13,008 hectares (32,143 acres), with rare earth elements and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario.
Appia has 136.3 million common shares outstanding, 145 million shares fully diluted.
Cautionary note regarding forward-looking statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not a guarantee of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For more information, visit www.appiareu.com
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online ( X,? Facebook,? LinkedIn)?please feel free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please? click here.
Contact:
Tom Drivas, CEO and Director
(c) (416) 876-3957
(e) tdrivas@appiareu.com
Stephen Burega, President
(c) (647) 515-3734
(e) sburega@appiareu.com
 SOURCE: Appia Rare Earths & Uranium Corp. |
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| To: LoneClone who wrote (22544) | 5/21/2024 1:37:52 PM | | From: LoneClone | | | | [Gallium/Indium]
Silver Elephant Pulacayo Drill-Hole Reports 99-Meter Intersection Grading 27.8 g/t Gallium, 9.7g/t Indium, 21.2 g/t Silver, 1.1% Zinc, and 0.5% Lead in Bolivia
newsfilecorp.com
May 21, 2024 8:30 AM EDT | Source: Silver Elephant Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Silver Elephant Mining Corp. (TSX: ELEF) (OTC Pink: SILEF) (FSE: 1P2N) ("Silver Elephant" or the "Company") is pleased to announce that it has identified multiple occurrences of gallium (Ga) and indium (In) in selected drill core at its flagship Pulacayo silver-lead-zinc project ("Pulacayo Project") in Potosi department, Bolivia.
While conducting a routine review of the Pulacayo project drillhole database, the Company recognized several wide intervals of gallium and indium mineralization from four diamond-drill-holes. The assays of the four drill holes (PUD 28 to 31) are tabulated below. Hole PUD 28 contained a 99-meter ("m") intersection grading gallium 27.8 grams per tonne ("g/t"), indium 9.7 g/t, silver 21.2 g/t, zinc 1.1%, and lead 0.5%.
| HOLE ID | From (m) | To (m) | Int (m) | True Width (m) | Ga (g/t) | In (g/t) | Ag (g/t) | Pb (%) | Zn (%) | | PUD028 | 131 | 230 | 99 | 89.7 | 27.8 | 9.7 | 21.2 | 0.5 | 1.1 | | Inc. | 149 | 156 | 7 | 6.3 | 24.0 | 9.4 | 2.0 | 1.3 | 1.7 | | Inc. | 183 | 194 | 11 | 10 | 30.1 | 28.8 | 3.8 | 0.5 | 2.1 | | Inc. | 188 | 192 | 4 | 3.6 | 30.9 | 50.4 | 2.7 | 0.9 | 3.0 | | Inc. | 212 | 225 | 13 | 11.8 | 26.7 | 21.6 | 113.7 | 0.5 | 1.7 | | Inc. | 212 | 216 | 4 | 3.6 | 27.1 | 32.5 | 250.3 | 0.8 | 2.3 | | PUD029 | 22 | 39 | 17 | 12 | 24.5 | 4.9 | 14.6 | 0.5 | 1.0 | | Inc. | 25 | 31 | 6 | 4.2 | 23.6 | 10.3 | 30.9 | 0.9 | 2.6 | | Inc. | 30 | 32 | 2 | 1.4 | 23.1 | 15.8 | 60.0 | 1.7 | 3.7 | | PUD029 | 49 | 70 | 21 | 14.8 | 26.1 | 4.8 | 11.6 | 0.5 | 1.4 | | Inc. | 53 | 61 | 8 | 5.7 | 28.1 | 9.1 | 24.7 | 0.9 | 2.6 | | Inc. | 53 | 56 | 3 | 2.1 | 29.5 | 16.6 | 41.3 | 1.1 | 4.5 | | PUD029 | 108 | 123 | 15 | 10.6 | 24.5 | 6.2 | 23.8 | 0.9 | 1.7 | | Inc. | 114 | 117 | 3 | 2.1 | 19.6 | 11.6 | 50.3 | 1.9 | 3.0 | | PUD030 | 115 | 118 | 3 | 1.7 | 18.6 | 7.1 | 75.4 | 0.3 | 0.1 | | PUD030 | 214 | 233 | 19 | 10.9 | 30.7 | 0.1 | 0.1 | 0.0 | 0.0 | | PUD031 | 63 | 71 | 8 | 6.6 | 2.9 | 3.1 | 25.5 | 0.8 | 1.1 | | Inc. | 64 | 65 | 1 | 0.8 | 4.3 | 8.0 | 39.7 | 0.4 | 1.0 | | PUD031 | 75 | 82 | 7 | 5.7 | 2.1 | 5.0 | 10.9 | 0.4 | 1.2 | | Inc. | 81 | 82 | 1 | 0.8 | 2.0 | 9.0 | 15.2 | 0.7 | 1.5 |
The Company is highly encouraged by the gallium and indium results and will continue to evaluate this potential given:
1. Gallium and indium are typically associated with zinc in polymetallic deposits similar to Pulacayo.
The Pulacayo project has a total indicated resource of 106.7 million ounces of silver, 1.4 billion pounds of zinc and 690 million pounds of lead published in the Technical Report dated October 13, 2020 and tabulated below.
| Combined Pulacayo and Paca Indicated Mineral Resources |
| Tonnes | Ag (g/t) | Pb % | Zn % | | Oxide | 2,185,000 | 155 | - | - | | Sulfide | 45,855,000 | 65 | 0.69 | 1.37 |
Combined Indicated Mineral Resources includes Pulacayo pit-constrained and out-of-pit plus only Paca pit-constrained resources. Oxide resources use a 50 g/t Ag cutoff. Sulfide resources use a 100 g/t Ag Eq cutoff. Ag Eq = Silver Equivalent (Recovered) = (Ag g/t*89.2%)+((Pb%*(US$0.95/lb. Pb/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17 per Troy oz. Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and 82.9% for Zn were used in the Silver Equivalent (Recovered) equation and reflect metallurgical testing results disclosed previously for the Pulacayo Deposit. Matthew Harrington P. Geo., Michael Cullen, P. Geo. and Osvaldo Arce, P. Geo are the independent Qualified Persons for the mineral resource estimate ("N.I. 43-101 Mineral Resource Estimate Technical Report for the Pulacayo Project Effectve Date October 13, 2020"). They have verified all data and the QA/QC methodology. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
2. The four drill holes were drilled between 2003 and 2005 by a previous operator. Gallium and indium results have not been used in any resource calculation to date.
3. The wide gallium and indium intersection with consistent grades from PUD 28 suggests the presence of additional mineralization in PUD 28's surroundings.
The Company has reviewed all available data, selected 171 samples from 12 drill holes and submitted them to SGS Laboratories Services to assay for gallium and indium. The samples were selected for testing because of their proximity to PUD 28-31.
John Lee, CEO of Silver Elephant comments: "There is lot of work ahead to establish Pulacayo as a potentially strategic source of gallium and indium supply to the North American market. We are cautiously optimistic of exploring this new dimension at Pulacayo to take advantage of increasing demand for gallium and indium (and rising prices) in high-tech 5G and LCD applications."
Both indium and gallium prices are trading at approximately $10/oz (dailymetalprice.com), with prices doubling since 2020. On August 1, 2023, China began restricting exports of gallium and germanium as part of its broader export control rules, with a focus on limiting the exports of critical minerals, including gallium, germanium and graphite.
Indium is an essential ingredient in solar panels, touch screens and LCD panels while gallium is used in most advanced semiconductor chipsets in 5G applications with reduced power consumption and heat generation vs silicon counterparts.
Total annual world gallium and indium production is estimated by U.S. Geological Survey (2022) to be 15 million oz and 32 million oz respectively. China currently accounts for over 90% of the global gallium production and over 65% of the global indium production, as well as a substantial portion of the world's exports.
QA/QC
An industry standard Quality Assurance/Quality Control program was used during the various drill campaigns. All core and other samples were split with half being bagged, labelled and shipped directly to the laboratory. The other 50% split is retained in a secure facility. Both standards and blanks were inserted at regular intervals within each sample batch prior to shipment to the laboratory. These comprised 3-5% (depending on the phase of the drill campaign) of analyzed material. For further details, the reader is referred to the N.I. 43-101 cited above.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Bill Pincus, who is an independent consultant of the Company. Mr. Pincus is a qualified person as defined by the guidelines of NI 43-101.
About Silver Elephant Mining Corp.
Silver Elephant is a silver mining company, with its flagship Pulacayo-Paca silver project in production since October 2023 in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
info@silverelef.com
www.silverelef.com
FORWARD-LOOKING INFORMATION
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding the Company's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking information in this news release include statements regarding the potential of the drilling results disclosed in this news release, and whether current interpretations of drilling results will be confirmed by future work.
Forward-looking statements are based on expectations and reasonable assumptions by management as of the date of this news release, and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied herein, including the results of any future drilling campaigns which may differ from the results expected by management, changes in the Company's exploration plans, commodity prices, supply and demand, the fact that mineral resources that are not mineral reserves do not have demonstrated economic viability, the Company's requirements for additional capital, and general economic and market conditions. There can be no assurance that actual results will be consistent with any forward-looking statements included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking statements in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
 SOURCE: Silver Elephant Mining Corp. |
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| To: LoneClone who wrote (22547) | 5/21/2024 2:18:33 PM | | From: LoneClone | | | | [Tantalum/Niobium/REE] Commerce Resources Enters into Agreement to Sell Its Blue River Property
accesswire.com
Tuesday, 21 May 2024 03:05 AM
VANCOUVER, BC / ACCESSWIRE / May 21, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") has elected to dispose of the Blue River Assets (as defined below) by pursuing a sale of the property to a third party (the "Blue River Transaction").
Company President Chris Grove states "We believe that focusing exclusively on our claims in Quebec with the significant opportunities of both our Ashram REE/ Fluorspar Deposit and our highly prospective niobium claims - on which we plan to drill this year - makes the best sense for the Company. We also believe that the Blue River claims will be effectively stewarded by the management of Capacitor Metals."
The Company clarifies that, further to its news release dated June 22, 2023, it will no longer proceed with a spin out of its Blue River Assets (as defined below) pursuant to a proposed statutory plan of arrangement, as previously disclosed.
The Company has entered into a property purchase agreement (the "Purchase Agreement") with an arm's length private company (the "Purchaser") to sell its interest in certain mineral claims comprising the "Blue River" property (the "Blue River Claims") located near Blue River, British Columbia. As part of the transaction, the sale will also include certain real property owned by the Company also located in Blue River, B.C. (the "Blue River Land", and together with the Blue River Claims, the "Blue River Assets"). As consideration for the Blue River Assets, the Company will receive 20,000,000 common shares in the capital of the Purchaser at a deemed price of $0.05 per share (the "Blue River Shares"). Completion of the Blue River Transaction is subject to the conditions set forth in the Purchase Agreement, including, if required, acceptance by the TSX Venture Exchange.
It is the Company's current intention to distribute the Blue River Shares to its shareholders on a pro rata basis at a later date. Any disposition of the Blue River Shares will, if undertaken, be conducted in compliance with applicable corporate and securities laws, and the policies of the TSX Venture Exchange.
About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.
For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"Chris Grove"
Chris Grove
President and Director
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web: http://www.commerceresources.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 contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include that the sale of the Blue River Assets is subject to certain conditions, including acceptance by the TSX Venture Exchange, if required; that the Company may distribute the Blue River Shares to shareholders on a pro rata basis; that the Ashram Deposit has the potential to be a long-term supplier to the met-spar and acid-spar markets; and that the Company is positioning to be one of the lowest cost rare earth producers globally. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include: that the TSX Venture Exchange may not accept the sale of the Blue River Assets; that the sale of the Blue River assets may not be completed as contemplated in the purchase agreement, or at all; that we may not be able to fully finance any additional exploration on the Ashram Project; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful and even if such tests are successful, the economic and other outcomes may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; the required permits to build and operate the envisaged open-pit shell may not be obtained in a timely or cost-effective manner, or at all; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp. |
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| To: LoneClone who wrote (22548) | 5/21/2024 3:17:53 PM | | From: LoneClone | | | | [REE/Titanium]
Teako Minerals Announces Commencement of Regional Summer Exploration Program
newsfilecorp.com
May 21, 2024 8:00 AM EDT | Source: Teako Minerals Corp.
Not for dissemination in the United States or through U.S. newswires
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce the commencement of its regional 2024 summer exploration program in southern Norway and initially focusing on the Hulderdalen, Kvelde, Moelva and Kiste project areas (the "Sandefjord Program")(Figure 1), all of which form part of the previously announced Project Hub (the "Hub Projects") ( see News Releases dated March 12, 2024, and May 16, 2024). The Sandefjord program is focused primarily on the evaluation of apatite (phosphate) and Rare Earth Element ("REE")-bearing igneous complexes, and the main objectives are to identify and prioritize those areas requiring additional detailed work programs and to advance toward drill target generation.
Both REE and phosphorus are defined as critical materials by the European Union ("EU")(European Critical Materials Act; March 16, 2023) and, as such, strong support exists for developing sustainable local supply chains within Europe. Norway and the EU signed a bilateral agreement on March 21, 2024, with respect to a green strategic industrial partnership and cooperation on sustainable value chains, including land-based raw materials and batteries ( Norway and the EU enter into a green strategic industrial partnership - regjeringen.no).
Highlights:
- Teako commences its 2024 summer exploration program in southern Norway.
- The Company's geological team will initially conduct soil and/or stream sediment sampling and mapping programs on 4 project areas.
- Teako's Hulderdalen project lies immediately to the south of the main mineralized zone at the Kodal phosphate-titanomagnetite-REE deposit, which is reported to host an open pittable JORC compliant Indicated Resource of 14.6 million tonnes (Mt) @ 2.26% P (5.18% P2O5) + 24.12% Fe (plus accessory REE in apatite), and an additional Inferred Resource of 34.3 Mt @ 2.0% P (4.59% P2O5) + 20.38% Fe (Source: Group Annual Report - Kodal Minerals plc., March 31, 2017) i,ii.
- P-REE-Fe-Ti mineralization has previously been identified within the Company's Hulderdalen claims at the Kodal Minerals' former Southern Mineralization Zone.
- The Hulderdalen project area forms part of a more extensive NGU study.
A field crew consisting of the Company's four in-house geologists, along with local helpers that the Company has hired, has been mobilized to conduct a phase one mapping and sampling program. The Company would like to thank the Sandefjord municipality and Elin Sørensen from the Norwegian Labour and Welfare Administration for their invaluable support in recruiting local field workers to assist in the Company's field program.
The program intends to verify the Company's historical data collected throughout 2023 and 2024. The Company has initiated its Sandefjord Program at the Hulderdalen project to make the best use of the better seasonal weather conditions in southern Norway; the exploration team will then proceed northward to encompass the remaining projects in the program, which are considered by the Company to be satellite projects to Hulderdalen.
The Company may expand its summer program to encompass additional Hub Projects or Main Projects (the "main projects") throughout the Company's project portfolio, contingent upon the availability of resources and time allocation.
The geological team will initially conduct soil and/or stream sediment sampling, as well as mapping programs on the projects. Soil grids have been developed with various grid spacing patterns for the projects, which will be deployed depending on conclusions drawn from the data review through 2023/2024. The data from the sampling programs will be initially analyzed internally utilizing the GERDA (Geochemical Research and Documentation Assistant) system, which is an automated analysis unit for portable and handheld instruments such as pXRF. Both the GERDA and the pXRF are owned by the Company.
Following this initial analysis, all samples of interest and a selection of lower-grade samples will be sent for laboratory analysis. This initial analysis method will quickly give the Company accurate data on-site, enabling the geology team to make informed decisions faster whilst reducing the number of samples sent to the lab and lowering costs significantly. The initial analysis results will allow the team of geologists to identify anomalies and assign tighter grid patterns for a second sampling phase to delineate the size of the anomalous areas.
i References made to adjacent mines/projects provide context for Teako's projects but are not necessarily indicative that the projects host similar tonnages or grades of REE, phosphate, iron, or titanium.
ii Historic mineral resource estimates for Kodal are derived from Kodal Minerals plc's Group Annual Report; March 31, 2017). Whilst Teako has not performed sufficient work to verify the published data reported, the Company believes this information to be considered reliable and relevant.
Figure 1: Projects in the Sandefjord Summer Exploration Program
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
The Hulderdalen Project
The Hulderdalen Phosphate-REE-Iron-Titanium ("P-REE-Fe-Ti") Project (Figure 2) consists of eight contiguous licenses in the Vestland province of southern Norway. The project covers an area of 71 square kilometers. The property has excellent access through all-weather paved primary/secondary roads and gravel roads. The Vestland province is known to contain two known ferrous metal occurrences, one of which is the well-studied main zone of the Kodal P-REE-Fe-Ti project (not owned by the Company).
The main mineralized zone at the Kodal deposit is located directly adjacent to the northern margin of the Hulderdalen project and is reported to host a JORC-compliant Indicated Resource of 14.6 million tonnes (Mt) @ 2.26% P (5.18% P2O5) + 24.12% Fe (plus accessory REE in apatite), and an additional Inferred Resource of 34.3 Mt @ 2.0% P (4.59% P2O5) + 20.38% Fe (Source: Group Annual Report - Kodal Minerals plc., March 31, 2017) i,ii.
Figure 2: The Hulderdalen Project
To view an enhanced version of this graphic, please visit:
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The Hulderdalen project area forms part of a more extensive Norwegian Geological Survey ("NGU") study looking at the potential for the use of machine learning for Critical Prospecting in the Oslo Rift; Teako's Hulderdalen project is highlighted within the report (referred to as 'Kodal Area' or Fig10a)(Reference 1), which represents the most extensive known occurrence of P-REE-Fe-Ti in the Larvik Plutonic Complex (or "LPC").
The main Kodal deposit appears to have an adjacent prospective area to the south that the Company refers to as the Hulderdalen project. The report shows a detailed extract of a prospectivity map (Figure 3) over the Kodal Area (on the left), the geology map (on the right), and a larger scale map (Figure 4).
To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com
Hulderdalen Geological Setting
The Hulderdalen P-REE-Fe-Ti property and the associated hub projects lie within the Oslo Igneous Province (or "OIP"), which comprise a number of intrusions with enhanced phosphorus contents including monzodiorites, troctolites and monzonites. There is also a general enrichment of phosphorus in rocks associated with the monzonites, which contain small rafts and larger bodies of monzodiorite. Within the OIP lies the Larvik Plutonic Complex (LPC), which is comprised of a series of crescent-shaped monzonite intrusions formed in response to plutonic centers moving successively from the east towards the west.
Layered intrusions and alkaline intrusive complexes of the Southern Oslo Rift are known for hosting magmatic occurrences rich in P-REE-Fe-Ti.
The Carboniferous to Triassic-age OIP comprises saturated to undersaturated alkaline to subalkaline basaltic, latitic, trachytic and ignimbritic volcanites formed in conjunction with fissure eruptions and subsequent formation of central volcanoes with associated calderas. The volcanites are truncated by gabbroic, monzonitic, syenitic and granitic plutons. The early Permianmonzonite plutons and associated monzodiorites contain, especially in the southern part of the palaeorift, abundant accumulations of apatite-Fe-Ti ores, which include the Kodal deposit and the Hulderdalen area of interest (References 2 and 3).
Geology and Mineralization
The Hulderdalen project is situated in the Permian Oslo rift, and the local geology consists of a Larvikite-Ladalite complex of monzonites and syenites along with Permian-age porphyries, latites and microdiorites.
P-REE-Fe-Ti mineralization has been identified both immediately adjacent to the Company's Hulderdalen claims at Kodal Minerals' ("Kodal") Western / Main Mineralization Zone, as well as within the Hulderdalen claims at the former Kodal Southern Mineralization Zone. In both occurrences the primary apatite-bearing mineralization occurs at the basal contact of the larvikite
deposit, with surface expressions consisting of an "oxide zone" immediately underlain by a "transitional zone." Kodals' Western / Main Mineralization Zone is interpreted to extend for some 1900m east-west with a maximum mineralization thickness of 60m. Some small-scale drilling is reported to have intersected mineralization to 300m depth.
The P-REE-Fe-Ti occurrence at Kodals' former Southern Mineralization Zone is reported by Kodal (Annual Report dated March 31, 2017) to contain similar tenors of P2O5, Fe, and Ti mineralization (up to 5.8% P2O5, 1.4% Ti, and 14.3% Fe) from XRF analyses as for the Western/Main Mineralized Zone. These results will be followed up with additional analyses to be undertaken by Teako's field crews.
Exploration History
A significant amount of exploration work has occurred on the property, starting in the 1980s for REEs. Kodal Minerals Plc also completed extensive work in the area, identifying the mineralization previously discussed through a series of work programs, including outcrop mapping and sampling (2013-2014), magnetic geophysical surveys (2014), and backpack drilling (2014).
Hulderdalen Satellite Projects
The Kiste Project
Kiste is situated approximately 5km to the west of Hulderdalen. Kiste consists of four contiguous licenses measuring approximately 34 square kilometers in size (Figure 5).
Figure 5: The Kiste Project
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Kiste is situated on the border of the Telemark & Vestland provinces of Norway and is interpreted by the Company to be situated in a geological setting similar to Hulderdalen and exhibits a geophysical signature akin to both Hulderdalen and the adjacent Kodal deposit. Due to these similarities, Kiste is being treated as a potential satellite deposit to Hulderdalen.
The Kvelde Project
Kvelde is situated approximately 4 km to the west of Hulderdalen. Kvelde consists of four contiguous licenses measuring 38 square kilometers in size (Figure 6).
Figure 6: The Kvelde Project
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Kvelde is situated on the border of the Telemark & Vestland provinces of Norway and contains known ferrous metal and apatite occurrences. The project has been explored for REEs previously in the 1970s and 1980s by the NGU respectively. Kvelde is situated in an identical geological setting to Hulderdalen and exhibits a similar geophysical signature to the Hulderdalen and the adjacent Kodal deposit. Due to these similarities, Kvelde is being treated as a potential satellite deposit to Hulderdalen.
The Moelva Project
Moelva is situated approximately 25km to the north-west of Hulderdalen. Moelva consists of two contiguous licenses and measures 27 square kilometers in size (Figure 7).
Figure 7: The Moelva Project
To view an enhanced version of this graphic, please visit:
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Moelva is situated on the border of the Telemark provinces of Norway and contains known ferrous and base metal occurrences. The project sits only 1.5km to the north-west of the Siljan Fe-Ti-P-REE deposit, identified by the NGU. Moelva is situated in an identical geological setting as Hulderdalen and exhibits a geophysical signature similar to Hulderdalen, the Kodal deposit and the adjacent Siljan deposit. Due to these similarities, Moelva is being treated as a potential satellite deposit to Hulderdalen, and Teako is confident that we can effectively locate any P-REE-Fe-Ti mineralization on this property.
References
1: 2024 Leveraging Domain Expertise in Machine Learning for Critical Metal Prospecting in the Oslo Rift: A Case Study for Fe-Ti-P-Rare Earth Element Mineralization [Ying Wang ,Nolwenn Coint, Eduardo Teixeira Mansur, Pedro Acosta-Gongora, Ana Carolina Rodrigues Miranda, Aziz Nasuti and Vikas Chand Baranwal]
2: api.newsfilecorp.com
3: 2014 Characterization of apatite resources in Norway and their REE potential [Peter M. Ihlen , Henrik Schiellerup, Håvard Gautneb, Øyvind Skår]
Qualified Persons and Disclosure Statement
The technical information in this news release relating to the Sandfjord Program has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, a Non-Executive Director of Teako and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has 35 years of experience in international minerals exploration and mining project evaluation.
Chief Executive Officer, Sven Gollan, comments: "After over 12 months of desktop studies and several site visits, we are now starting systematic exploration on site with our strong team of geologists. We have so far secured very large areas in 2024, which puts Teako in a strategically unique position in Norway. The Sandefjord program is one important step in what is now a very active portfolio management process to identify and develop the most promising projects."
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring, exploring, and developing mineral properties in Norway & Finland exploring for copper, cobalt, gold, molybdenum, and rare earth elements (REE). The adoption of technologies such as the SCS Exploration Product aligns with its strategy to remain at the forefront of the rapidly evolving mining industry.
ON BEHALF OF TEAKO MINERALS CORP.
"Sven Gollan"
CEO
T: +1 (604)-871-4301
Email: sven.gollan@teakominerals.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management of Teako. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," "would," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "could" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include statements related to the approvals of the Offering, the use of proceeds for the Offering, and the Company's business plans and operations. Although Teako believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Teako 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. These include but are not limited to, risks associated with the mineral exploration industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These and other risks are set out in more detail in Teako's interim Management's Discussion and Analysis for the nine months ended October 31, 2023. Neither the CSE nor its market regulator accepts responsibility for the adequacy or accuracy of this release.
 SOURCE: Teako Minerals Corp. |
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