| To: LoneClone who wrote (162200) | 12/16/2021 2:23:29 PM | | From: LoneClone | | | | Gitennes Contracts Drilling Company for Second Phase Diamond Drill Programme, New Mosher Gold Property, Chapais-Chibougamau area, Quebec
thenewswire.com
  Vancouver, B.C. - TheNewswire - December 16, 2021 - Gitennes Exploration Inc. ("Gitennes" or the "Company") – (TSXV:GIT) (OTC:GILXF) announces that RJLL Drilling will conduct the Company’s second phase of diamond drilling at the New Mosher gold property in the Chapais-Chibougamau area of Quebec (see Figure 3). The second phase of drilling is planned for a minimum of 1,000 metres and is expected to commence in early January.
The Company’s second diamond drill programme will focus on the New Mosher Showing where the Company encountered significant widths of anomalous gold (see highlights on page 2). In addition to Gitennes’ encouraging results from the first diamond drill programme the New Mosher Showing (Area 1, Figure 1) has gold in historical drilling, 8.1 g/t gold over 0.25 metres and 1.87 g/t gold over 5.1 metres and grab samples assaying 16 g/t gold and 5.66 g/t gold.
With the second phase of drilling to focus on the New Mosher Showing (Figure 1, Area1) the Company recently located several drill pads for the upcoming programme and confirmed the location of quartz veins in the showing area (Figure 2).
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Figure 1 – Area 1 – New Mosher Showing will be focus of second phase drill programme
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Figure 2 – New Mosher Showing with detailed map of quartz veins in sheared volcanics including approximate location of Noranda historical grab samples and 2018 sampling. The second phase of diamond drilling will target the quartz veins with several drill holes.
Highlights of First Diamond Drilling Programme
- Gold intersected over significant widths:
- 22 metres in hole NM 21-02 grading 0.25 g/t gold
- 9.0 metres in hole NM 21-11 grading 0.71 g/t gold
- 5.0 metres in hole NM 21-08 grading 0.68 g/t gold
- Gold intersections are shallow
- 10 of 19 holes intersected anomalous gold mineralization,
- All three areas tested intersected gold mineralization
- Broad zones of gold mineralization correlate well with previously identified IP anomalies
- Associated with intense alteration with quartz-carbonate veining, pyrite, pyrrhotite, chalcopyrite and arsenopyrite.
The New Mosher Property is located three kilometres from the past producing Joe Mann Mine which produced approximately 1.2 million ounces of gold at an average grade of 8.3 g/t gold(1) plus silver and copper.
- (1)Readers are cautioned that the Company has no interest in or right to acquire any interest in the Joe Mann mineand that mineral deposits and production results from the Joe Mann mine are not indicative of mineral deposits on the Company's properties or any potential exploitation thereof. Source: Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc.
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Figure 3 –New Mosher Property and Gitennes other properties in Chapais-Chibougamau area
The Company also announces that it has granted to directors, officers, and consultants of the Company stock options (the "Options") exercisable to acquire up to a total of 1,610,000 common shares under the Company's Stock Option Plan in accordance with the terms of the Company's stock option plan. The Options are exercisable for a period of five years at a price of $0.05 per share from the date of grant. The Options are subject to the policies of the TSX Venture Exchange.
Additionally, the Company announces that it is conducting a non-brokered private placement (the “Placement”) of up to 7,000,000 units (consisting of 3,000,000 non-flow-through units (“Units”) priced at $0.05 per Unit and 4,000,000 flow-through shares (“FT Share”) priced at $0.06 per FT Share). Each Unit consists of one non-flow-through common share and one common share purchase warrant (“Warrant”). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share”) at an exercise price per Warrant Share of $0.10 for a period of 24 months following the Closing Date. Finder’s Fees of 8% cash and 8% warrants may be paid on the financing.
All securities issued pursuant to the Placement are subject to a four month and one day hold period in Canada. The Placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade gold. The Company currently has three properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell, and three properties in the Gaspe Region of Quebec: VG Boulder, Serpenphior and Puma, the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru. JMW, Maxwell, VG Boulder, Serpenphior and Puma are 100% owned by Gitennes. New Mosher is under option from Kintavar Exploration and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%. The Snowbird Property has been optioned to a gold exploration company.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Wayne Holmstead (P.Geo.), who is a "qualified person" within the meaning of National Instrument 43-101.
For further information on the Company, readers are referred to the Company’s website at www.gitennes.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
Gitennes Exploration Inc.
“Ken Booth”
Ken Booth
President
For further information, please contact:
Ken Booth
Phone: 604-682-7970, Email: info@gitennes.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 news release.
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities laws concerning the business, operations and financial performance and condition of the Company. All statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward-looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "schedules", estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the exercise of any property Options and to conduct exploration activities thereon. Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and uncertainties relating to exploration and development and actual results of exploration activities; the ability of the Company to obtain additional financing; delays in obtaining governmental and regulatory approvals (including of the TSX-V), permits or financing; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in the prices of commodities and precious metals; operating hazards and risks; environmental issues and liabilities; and competition and other risks and uncertainties of the mining industry. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those beliefs, plans, expectations or intentions will prove to be accurate. Readers should consider all of the information set forth herein and should review the Company’s periodic reports filed from time-to-time with Canadian securities regulators. These reports and the Company's filings are available at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as otherwise required by law, the Company undertakes no obligation to update the forward-looking statements contained herein, or to update the reasons why actual results could differ from those projected in these forward-looking statements.
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| To: LoneClone who wrote (162201) | 12/16/2021 2:24:24 PM | | From: LoneClone | | | | Opawica Drills Bazooka's 14 High Priority Targets
thenewswire.com
Vancouver, B.C. - TheNewswire - December 16, 2021 - Opawica Explorations Inc. (TSXV:OPW) (FSE:A2PEAD) (OTC:OPWEF) (the “Company” or “Opawica”) has commenced drilling the 14 recently identified high property gold targets at the Bazooka Property situated in the Abitibi Gold Camp.
The drill program will consist of up to 14 drill holes with depths of up to 400 meters to test for gold mineralization associated with the Cadillac Larder Lake break and its related stratigraphy.
Blake Morgan, Chief Executive Officer of Opawica stated, “We have now started drilling. With 39 high priority drill targets identified and the potential of additional targets developing, the Bazooka drill campaign is getting very exciting. We look forward to getting our assays back as soon as possible, so we can relay the news to our shareholders.”
The Bazooka Property occurs along one of the most prolific auriferous structures in the world, the Cadillac-Larder Lake Break/Fault. The Cadillac-Larder Lake Break/Fault, in part, marks the boundary between the Archean Abitibi sub-province in the north and the predominantly metasedimentary Pontiac sub-province south of the fault.
Gold mineralization on the Property occurs within mixed, up to 60m wide (estimated true width), strong quartz-carbonate-sericite and talc-chlorite schists of sedimentary and ultramafic to mafic volcanic protoliths, respectively, and is referred to as the Main Zone. The alteration and mineralization are spatially associated with the Cadillac-Larder Lake.
The Break/Fault zone is at the base and is characterized by up to 2.0m wide (estimated true width), strongly graphitic fault. The graphitic fault generally marks the contact between the sedimentary and ultramafic metavolcanic rocks.
The Main Zone is characterized by strong to intense quartz-carbonate-sericite and talc-chlorite-carbonate+/-quartz alteration, is generally mineralized with trace to 3% pyrite+arsenopyrite+/-chalcopyrite+/- pyrrhotite and locally contains fine specks of free gold in narrow quartz veins/stringers and highly silicified rocks. Patchy to locally pervasive fuchsite alteration (weak to strong) often accompanies the quartz-sericite-carbonate alteration. Quartz-tourmaline veins occur locally both within and adjacent to the Main Zone.
Derrick Strickland, P.Geo. (OGQ No. 35402), is the Qualified Person for Opawica Explorations Inc. and approves the technical content of this news release. *The qualified person has not verified the information on Abitibi greenstone belt. Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the company's properties.
About Opawica Explorations Inc.
Opawica Explorations Inc. is a junior Canadian exploration company with a strong portfolio of precious and base metal properties within the Rouyn-Noranda region of the Abitibi Gold Belt in Québec and in Central Newfoundland and Labrador. The Company’s management has a great track record in discovering and developing successful exploration projects. The Company’s objective is to increase shareholder value through the development of exploration properties using cost effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders.
FOR FURTHER INFORMATION CONTACT:
Blake Morgan
President and Chief Executive Officer
Opawica Explorations Inc.
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
Forward-Looking Statements
This news release contains certain 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. Readers 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 including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. 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 save as required by applicable law.
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| To: LoneClone who wrote (162202) | 12/16/2021 2:34:58 PM | | From: LoneClone | | | | Peloton Minerals: Option Partner Conducts Geophysical Program on the SBSL Gold Project, MT and an Update on MT and NV Projects
thenewswire.com
London, Ontario – TheNewswire - December 15, 2021 – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE:PMC) (CNSX:PMC.CN) (OTC:PMCCF) reports that the project option partner (now called AFR NuVenture Resources Inc.) is presently conducting a geophysical program on the Company’s SBSL Gold Project in Montana consisting of magnetic and resistivity/induced polarization (IP) surveys. The stated purpose of the program is to attempt to identify and define additional sulfide-bearing gold veins or other mineralization and establish drill targets.
The SBSL Gold Property (the “SBSL”) hosts two past producing mines and is under option to AFR NuVenture Resources Inc. (formerly African Metals Corporation) and Frederick Private Capital Corporation who may collectively initially earn a 51% interest in the SBSL by making certain option payments and spending US $1,000,000 in exploration expenditures by March 2023, and may collectively earn up to 75% in the SBSL by making certain option payments and spending US$2,000,000 in exploration on the SBSL by March, 2025.
Also in Montana, the Company is continuing to assemble data on the Boulder Porphyry Property through its subsidiary Celerity Mineral Corporation (“Celerity”). This is in preparation for various reports and filings intended to have Celerity become self-funding as its own publicly traded company during 2022 while Peloton retains a significant interest. The Boulder Porphyry Property consists of almost 14 square miles of mineral claims and is located 16 miles from Butte, Montana, home of one of North America’s largest copper porphyry deposits. The Boulder Porphyry Property hosts a known copper porphyry system that is considered cogenetic with Butte.
In Nevada, the Company is compiling a virtual data base for each of its three Carlin style gold exploration projects located in Elko County, Nevada. The purpose of this data base is to facilitate review of the projects under an NDA by potential joint venture partners. If Peloton is successful in securing Option-JV funding partners for these projects, Celerity self-funding the Boulder Property, and the SBSL already having an Option-JV partner, it would mean that all five Company projects could advance without funding by Peloton.
Also on December 10, 2021, the Company announced it had received subscriptions for a private placement totaling CDN$456,866.76. Proceeds of the financing will be used for working capital and administrative expenses.
For further information please contact:
Edward (Ted) Ellwood, MBA
President & CEO 1-519-964-2836
Richard C. Capps, PhD, is the qualified person responsible for approving the technical information contained within this release.
Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of Ontario and British Columbia whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF). There are 113,334,421 common shares issued and outstanding in the capital of the Company.
Peloton holds interests in the Boulder Porphyry Property near Butte, Montana, the SBSL Gold Property near Virginia City, Montana, and three Carlin style gold exploration projects in Elko County, Nevada.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", “looking” or similar words suggesting future outcomes or statements regarding an outlook.
Such statements include, among others, those concerning the Company’s plans for exploration activity and to conduct future exploration programs, its plans to have Celerity self-fund its operations, its plans to seek Option-JV funding partners for its Nevada projects. Such forward-looking information or statements are based on a number of risks, uncertainties, and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to initiate and complete future exploration work as expected or to attract joint venture partners. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s future exploration work; technical, safety or regulatory issues; availability of capital; the worldwide economic and social impact of COVID-19; the duration and extent of COVID-19; changes in general economic conditions and financial markets; the imposition of government restrictions on business related to COVID-19, any positive cases of COVID-19 at a project site or in the area which may cause a reduction or suspension in operations and activities which may ultimately affect and delay the exploration timeline; and changes in prices for gold and other metals. The Company’s plans for Celerity are subject to regulatory requirements and approvals and Celerity may never become a reporting issuer or be listed on a Canadian Exchange.
Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable and does not believe that the worldwide COVID-19 situation will have any immediate or long-term effect on its projects, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law. |
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| To: LoneClone who wrote (162203) | 12/16/2021 2:36:56 PM | | From: LoneClone | | | | Nevada Silver Drills Wide Intersections Of Mineralization at Its Corcoran Silver-Gold Project, Nevada, USA
accesswire.com
Tuesday, December 14, 2021 8:30 AM
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
TORONTO, ON / ACCESSWIRE / December 14, 2021 / Nevada Silver Corporation ("NSC" or the "Company") (TSXV: NSC) is pleased to provide an update on assay results from the 2021 diamond drill program at its 100% owned Corcoran Silver-Gold project ("Corcoran" or the "Project") in Nevada, USA.
NSC has received analytical results from two diamond drill holes (CC21-04 and CC21-05) of the company's maiden drill campaign. Highlights include:
CC21-04
- 142.15 meters from 29.85 meters @ 42g/t AgEq (13g/t Ag, 0.38g/t Au)
- Including:
- 14.65 meters @51g/t AgEq (4g/t Ag, 0.62g/t Au)
- 16.00 meters @63g/t AgEq (16g/t Ag, 0.63g/t Au)
- 16.50 meters @88g/t AgEq (57g/t Ag, 0.41g/t Au)
CC21-05
- 34.5 meters from 57.00 meters @101g/t AgEq (86g/t Ag, 0.20g/t Au)
- Including:
- 1.50 meters @1137g/t AgEq (1120g/t Ag, 0.23g/t Au)
Mineralized intervals from the first hole (CC21-01) were reported on 10th November 2021 and include:
- 96 meters from surface @ 35g/t AgEq (19g/t Ag, 0.21g/t Au),
- 2.67 meters from 233.7 meters @ 1336g/t AgEq ((1219g/t Ag, 1.82g/t Au including 1.33 meters @ 2466g/t AgEq (2310g/t Ag, 2.6g/t Au))
- 6.09 meters from 245.7m @ 277g/t AgEq (253g/t Ag, 0.38g/t Au).
Drill holes CC21-01, 04 and 05 are the first three holes released in NSC's recently completed 3,040-meter drilling program at the outcropping epithermal Corcoran Silver-Gold deposit (Figure 1).
The collar of drill hole CC21-04 is located 200 meters north of CC21-01 and the hole was drilled towards the south east at a 47.5 degree dip. The 142 meter Ag-Au intersection in CC21-04 confirms the considerable extent and thickness of the Corcoran deposit and consistently elevated gold grades indicate that gold to silver ratios are variable within the deposit.
CC21-05 is located 300 meters north east of CC21-01. Like CC21-01, this vertical hole intersected narrow zones of high grade silver (e.g. 1120g/t Ag between 70.00-71.50 meters). Partial oxidation extends to considerable depth in both CC21-04 and CC21-05 and this is typically prominent in structural zones, fractures and veinlets (Figure 2).
Assay results for the remaining 14 holes (CC21-02, 03, 06-17) are expected during coming weeks.
Figure 1. Drill hole location map of the Corcoran Ag-Au deposit showing completed NSC drill holes.
 Assay highlights are summarized in Table 1 and drill hole location details are listed in Table 2.
NSC CEO Gary Lewis commented, "CC21-04 and 5 have both intersected thick zones of near-surface silver and gold representing the potential for a very large deposit. The high-grade silver intersections in both CC21-01 and CC21-05 are particularly encouraging because these holes are 300 meters apart and there appears to be continuity of high grades along this trend. Importantly, the CC21-05 results show that Corcoran is likely to extend further to the north east, beyond the current drill program."
Figure 2. CC21-05 drill core of fractured and partially oxidized rhyolite breccia in between 80.0-80.9 meters (67g/t Ag).
Table 1. Significant mineralized intervals in drill hole CC21-01, CC21-04 and CC21-05.
| Hole ID | From
| To
| Interval
| Ag
| Au
| Ag grade x width
| AgEq†
| Meters
| Meters
| Meters
| g/t
| g/t
| g/m
| g/t
| | CC21-01 | 0
| 96
| 96.00
| 19
| 0.21
| 1824
| 35
| | including | 81.10
| 91.70
| 10.60
| 82
| 0.4
| 869
| 111
| | including | 86.07
| 88.70
| 2.63
| 187
| 0.48
| 492
| 220
| | CC21-01 | 233.7
| 236.37
| 2.67
| 1219
| 1.82
| 3255
| 1336
| | including | 233.7
| 235.03
| 1.33
| 2310
| 2.6
| 3072
| 2466
| | CC21-01 | 245.67
| 251.76
| 6.09
| 253
| 0.38
| 1541
| 277
|
|
|
|
|
|
|
|
| CC21-04
| 29.85
| 172
| 142.15
| 13
| 0.38
| 1848
| 42
| including
| 29.85
| 44.5
| 14.65
| 4
| 0.62
| 59
| 51
| including
| 89.42
| 112.08
| 22.66
| 16
| 0.63
| 363
| 64
| including
| 132.5
| 149
| 16.5
| 57
| 0.41
| 941
| 87
|
|
|
|
|
|
|
|
| CC21-05
| 57
| 91.5
| 34.5
| 86
| 0.2
| 2967
| 100
| including
| 70
| 71.5
| 1.5
| 1120
| 0.23
| 1680
| 1117
| | Intervals are core length. True width of mineralization is unknown until more drill data is available. | | Drill location, altitude, azimuth and dip of drill holes are provided in Table 2. | | Quality control, Assay laboratory and analytical methods are detailed in the text of this report. | | A cut-off grade of 20g/t silver equivalent (AgEq) has been applied to calculate the length-weighted intercepts. | | Numbers are rounded. | † Silver equivalent values (AgEq) - Metal prices follow the NI 43-101 Resource report on the Corcoran Canyon Project by Mosher and Smith (October, 2020) which used USD1460/ounce gold and USD17/ounce silver as well as a cut-off grade of 20g/t AgEq which has been applied to these results.
Precious metal recoveries off 98.2% Ag and 88.6% Au were determined by laboratory tests by ALS (USA) in December 2018 (reference RE18305962), the most recent metal recovery data available. AgEq has been calculated as follows: AgEq = (gold price/silver price) x (gold assay x 0.886) + (silver assay x 0.982). |
Table 2. Drill hole details for CC21-01, CC21-04 and CC21-05.
Drill hole
| Drill collar location
| Azimuth
| Dip
| Collar Elevation
| Final Depth
| Start Date
| Finish Date
| WGS84 E
| WGS84 N
| degrees
| degrees
| meters
| meters
| CC21-01
| 515611
| 4282554
| 0
| -90
| 2319
| 354.16
| 9/4/2021
| 9/10/2021
| CC21- 04
| 515659
| 4282725
| 110
| -47.5
| 2295
| 217.62
| 9/19/21
| 9/25/21
| CC21-05
| 515816
| 4282741
| 0
| -90
| 2343
| 166.72
| 9/26/21
| 9/30/21
|
Quality Assurance, Sampling and Assay Determinations
The diamond drilling was undertaken by Falcon Drilling, Inc, Nevada, using industry standard equipment and procedures. All drill core was HQ size. Drilling supervision and drill core logging and sampling was carried out by Ethos Geological, Inc under the direction of Mr Scott Close (President and Chief Geologist, Ethos Geological).
Drill hole orientation, down-hole survey data and collar coordinates were routinely gathered and drill core was logged (geological and geotechnical) and photographed prior to sampling. Drill core samples were collected at variable lengths (averaging 1 meter) and saw-sampled on-site prior to storage in a secure compound.
Collected intervals including quality control samples (duplicates, blanks and international standards) were forwarded by secure freight to ALS Chemex Labs, Inc in Reno, NV. Analytical procedures used four acid ICP-AES (code ME-ICP61) for silver and 32 elements and additional assays for ore-grade samples (Ag-OG62, ME-OG62). High silver grades (over 1500g/t Ag) were determined using fire assay method Ag-GRA21.
Market Stabilization and Liquidity Services
The Company has signed a letter agreement with Red Cloud Securities Inc. ("Red Cloud") to provide market stabilization and liquidity services, in accordance with the policies of the TSX Venture Exchange (the "TSXV") and applicable laws. Red Cloud will trade the securities of the Company on the TSXV for the purposes of maintaining an orderly market. None of Red Cloud nor its affiliates or associates has any interest directly or indirectly in the Company or its securities, or any right or intent to acquire such an interest. In consideration of the services provided by Red Cloud, the Company will pay a monthly cash fee of $5,000 for a minimum term of three months, which will automatically extend for successive one-month terms unless terminated by either party on thirty days' prior notice. The services provided by Red Cloud will commence today, December 14, 2021. Red Cloud will not receive shares or other securities as compensation. The capital used for market making will be provided by Red Cloud.
Qualified Person
The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further Information please contact:
Nevada Silver Corporation
Gary Lewis
Group CEO & Director
T: +1 (416) 941 8900
gl@nevadasilvercorp.com
About Nevada Silver Corporation
Nevada Silver Corporation (TSXV:NSC) is a US-based, multi-commodity resource company with two advanced stage exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. In addition, NSC also owns the Emily Manganese Project in Minnesota which has been the subject of considerable technical studies with US$23 million invested to date. Both Corcoran and Emily are wholly (100%) owned by NSC.
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
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
SOURCE: Nevada Silver Corporation |
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| To: LoneClone who wrote (162204) | 12/16/2021 2:38:07 PM | | From: LoneClone | | | | NextSource Materials Announces Fabrication and Assembly of the Molo Graphite Mine Processing Plant Has Been Completed and Factory Acceptance Testing Initiated
accesswire.com
Tuesday, December 14, 2021 7:00 AM
TORONTO, ON / ACCESSWIRE / December 14, 2021 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or the "Company") is pleased to announce that fabrication and assembly of the processing plant for Phase 1 of the Molo Graphite Mine (the "Processing Plant") has been completed by our Engineering, Procurement and Construction contractor (the "EPC Contractor") in their off-shore assembly facility and that Factory Acceptance Testing has been initiated.
The Processing Plant has been designed and built using an all-modular approach and is capable of processing 240,000 tpa of ore and producing approximately 17,000 tpa of high-quality SuperFlake® graphite concentrate. The Processing Plant will now undergo Factory Acceptance Testing ("FAT") to validate the proper operation of the equipment and ensure that all design specifications and operational requirements have been achieved.
President and CEO, Craig Scherba commented,
"We have reached yet another major milestone with the completion of the fabrication and assembly of the Molo processing plant. The various challenges associated with the construction of a mine during a global pandemic have been greatly mitigated due to NextSource adopting a modular construction philosophy and because of the extremely hard work and perseverance of our technical teams."
FAT is the final and important assembly validation step that simulates and tests the end-to-end functional operation of the Processing Plant in a controlled engineering environment. Once all design specifications and functions have been verified, the Processing Plant will be containerized and shipped to the mine site for installation.
The FAT process is being overseen by the Company's EPC Contractor and SGS, the world-leader in testing, inspection and process certification. SGS designed the process flow sheet for the Processing Plant, which was based on their previous design and operation of our 200-tonne bulk sample pilot plant in 2015.
The Processing Plant is expected to be delivered to the mine site by the end of Q1 2022, followed by installation and commissioning in Q2 2022. The EPC Contractor and SGS will then perform Site Acceptance Testing prior to completing the commissioning process.
Phase 1 of the Molo Graphite Mine is fully funded and when commissioned, Molo will become one of the few operating graphite mines outside of China.
About NextSource Materials Inc.
NextSource Materials Inc. is a strategic materials development company based in Toronto, Canada that is intent on becoming a fully integrated, global supplier of critical battery and technology materials needed to power the sustainable energy revolution.
The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and the only one with SuperFlake® graphite. Construction of Phase 1 of the Molo Project is underway, with commissioning expected in mid 2022.
NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".
For further information contact: +1.416.364.4911
Brent Nykoliation, Senior Vice President, Corporate Development at brent@nextsourcematerials.com or Craig Scherba, President and CEO at craig@nextsourcematerials.com
Safe Harbour: This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements include any statements regarding, among others the timing of the re-assembly and commissioning of the Molo Plant, completion of FAT, collaboration agreements to build a value-added CSPG (anode) facility, time to commissioning the BAF, the demand for EVs, the use of SuperFlake®, successful and on-budget construction of the Molo Graphite Project, CSPG plant and BAF, sourcing the funds needed to construct the BAF, expansion of the BAF, estimated future production from the Molo Graphite Project, completion of the study relating to the BAF, and the continuation of the supply relationships of the Partners. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
SOURCE: NextSource Materials Inc. |
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| From: LoneClone | 12/16/2021 2:39:47 PM | | | | | | Glen Eagle Selling $1 Million Dollars of Dore, Including 2000 Ounces of Silver
thenewswire.com
  December 14, 2021 – TheNewswire - Glen Eagle Resources (TSXV:GER) (OTC:GERFF) (“Glen Eagle” the “Company”, or “GER”) is pleased to announce that from September to year end, the Company will have sold approximately CDN $1,000,000 dollars in dore bars and projecting to double its sales in Q1-2022 based on the feed and grade discovered at La Esperanza II. The values intersected are summarized for the first time in the table below and detailed in prior News Releases dated November 24 and December 9, 2021.
Hole #
| From
| To
| Length
| Gold
| (m)
| (m)
| (m)
| gpt
| LE-21-001
| 0 | 8.2
| 8.2
| 6.40
| LE 21-002
| 0 | 30.8
| 30.8
| 3.04
| LE 21- 003
| 0 | 18.0
| 18.0
| 5.65
|
COO Karl Trudeau comments “Having been in Honduras recently to look at Cobra Oro operations, I was pleased by the ergonomics of the plant and its future potential as the inventory of spare parts is slowly being replenished, lowering the risk of plant failures. Some challenges are still lying ahead, but I remain confident that the company will be successful at turning around several aspects of its business, including a very positive ramp up operation still in progress at its gold processing facility in Southern Honduras.”
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.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
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| To: LoneClone who wrote (162206) | 12/16/2021 2:41:33 PM | | From: LoneClone | | | | Secova Completes Exploration Program at Eagle River
thenewswire.com
 Vancouver, B.C. - TheNewswire - December 14, 2021 - Secova Metals Corp. (The “Company” or “Secova”) (CSE:SEK) (CNSX:SEK.CN) (OTC:SEKZF) is pleased to announce the completion of its initial 2021 prospecting and exploration program on its Eagle River claims adjacent to Osisko Mining’s Windfall Lake project in Quebec.
In November 2021, Secova commissioned a Québec-based drilling contractor to carry out a 20-hole drill-assisted overburden till sampling program at its 100% owned Eagle River Project, located 130 kms east of Lebel-sur-Quévillon in the Province of Quebec. The limited program was intended to provide a preliminary characterization of the property overburden and test basal till for potentially gold anomalism. The first 6 holes failed to intersect any basal till; therefore, the decision was made to drill a 134 m diamond drill hole for the seventh hole (ER-21-007). Hole ER-21-007 mainly consisted of a paragneiss with an approximate composition of 50-80% quartz, 5% epidote, 5-15% biotite and mafics.
The Company has previously completed property wide surface geochemical sampling and prospecting over favourable areas where known favourable greenstone and ultramafic rocks have been regionally identified. An airborne VTEM was completed in 2017 and several geophysical anomalies were identified. In 2020 the Company acquired additional claims in the northeast and east of the property where additional favourable greenstone and ultramafic rocks were identified. These areas remain untested and further exploration is warranted.
“Secova is delighted to recommence work on the Eagle River Property after a hiatus of exploration since 2018. The newly acquired claims and favourable geology make for compelling exploration targeting. We are equally delighted to reengage with our technical team from Longford Exploration Services to commence a more systematic exploration and basal till sampling across the newly acquired claims in the northeast and east of the property,” stated Brad Kitchen, C.E.O. of Secova.
Fall 2021 Work Program
The recently completed drill program included 6 shallow drill holes and one diamond drill hole. The drill assisted till sampling program aimed to characterize the extent of overburden sand deposits and test the basal till layer that has been variably identified across the eastern part of the property. However, as the first 6 holes failed to intersect any basal till, the decision was made to drill a 134 m diamond drill hole for the seventh hole (ER-21-007). The hole locations are provided in Figure 1 and Table 1, below.
Click Image To View Full Size
Figure 1: Basal till and Diamond Drill Hole drilling location at the east of the Eagle River Property.
Hole ID
| Easting
| Northing
| Elv. (m)
| Date
| Az.
| Incl.
| Depth (m)
| Results
| ER-21-1
| 473742
| 5422277
| 415
| 2021-01-11
| 0 | 90
| 15
| No Till
| ER-21-2
| 473245
| 5422294
| 418
| 2021-02-11
| 0 | 90
| 15
| No Till
| ER-21-3
| 473043
| 5422291
| 419
| 2021-02-11
| 0 | 90
| 15
| No Till
| ER-21-4
| 472841
| 5422191
| 414
| 2021-02-11
| 0 | 90
| 15
| No Till
| ER-21-5
| 473546
| 5422285
| 415
| 2021-02-11
| 0 | 90
| 15
| No Till
| ER-21-6
| 471045
| 5420297
| 384
| 2021-04-11
| 0 | 90
| 30
| No Till
| ER-21-7
| 473621
| 5420472
| 410
| 2021-05-11
| 225
| 45
| 134
| DDH; Paragneiss
|
Table 1: Eagle River Drill Hole Locations.
Additional prospecting in the new year will cover the new claims acquired in 2020 and 2021 and is also proposed to identify any favourable outcrops and potential mineralization along the identified greenstone and ultramafic rocks.
Qualified Person: Alexander Beloborodov (P. Geo) is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.
Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à www.secova.ca
About the Company
Secova Metals Corp. is a Canadian environmentally aware resource exploration and processing company. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Secova’s principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The Company is proposing to commence operations by the middle of 2022. The Company’s main exploration focus is its 100% ownership of the Eagle River project, which is adjacent to and on-trend to several gold projects in the Windfall Lake district of Urban Barry in Quebec. Secova will use its expertise in early-stage exploration to create shareholder value by attempting to prove out the resource in these assets.
For more information on Secova, please contact info@secova.ca, Tel: +1 604-803-5229 or visit the website at www.secova.ca for the French version of this news release, past news releases, media interviews and opinion-editorial pieces by CEO and Chairman Brad Kitchen.
On Behalf of the Board of Directors, SECOVA.
“Brad Kitchen”
Chairman, CEO, and Director
Tel: +1 604-803-5229
Email: info@secova.ca
This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.
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| To: LoneClone who wrote (162207) | 12/16/2021 2:43:08 PM | | From: LoneClone | | | | Alma Gold Focusses on Guinea, Appoints New Directors and Chief Financial Officer
thenewswire.com
Vancouver, British Columbia - TheNewswire - December 14, 2021 - Alma Gold Inc. (“Alma” or the "Corporation") (CSE:ALMA) (CNSX:ALMA.CN), announces that Paul Ténière, P.Geo., and Maurice Giroux have been appointed as a directors of the Corporation and James Henning, B.Comm., CPA, CA, has been appointed as chief Financial Officer.
“As we focus Alma on its Karita Gold Project in Guinea, I am extremely pleased to welcome to talented geologists to the board of directors of Alma” commented Alma President and CEO Greg Isenor. The Karita Gold Project is in an exciting geological belt, and Maurice Giroux’s broad knowledge of the geology of Guinea and his extensive experience in exploration in that part of West Africa will assist us tremendously going forward. Mr. Ténière international and regulatory experience will bring added depth to our board. Jim Henning will join our team tomorrow as CFO fleshing our administrative group. This is a strong start to building a specialized team to explore this region of West Africa, a region that is increasingly attracting the attention of both gold exploration and gold producing companies. I welcome all of out new team members.”
Maurice Giroux
Mr. Giroux has a B.Sc in Geology with a Major in Mineral Economics from Ottawa University. He has over 44 years of experience in mineral exploration on the international scene, and more particularly in Guinea, West Africa where he has been active for the past 26 years. He was notably involved in the discovery of three gold and one diamond mines that are under commercial development today including most recently the Balandougou Gold Deposit in Guinea which was discovered by Stellar AfricaGold Inc., and in 2019 was sold to and is currently being developed by Rida Mining Ltd. He also contributed to a vast international project that led to the mapping of two-thirds of Guinea's geology and he co-authored a comprehensive study of the country's mining potential. His expertise and extensive experience have allowed him to establish and cultivate sound business relationships in several West African countries especially Guinea. Mr. Giroux currently serves as a VP Exploration, COO and a director of TSX-V listed Stellar AfricaGold Inc.
Paul Ténière
Paul Ténière has a B.Sc. (Hon) in Earth Sciences from Dalhousie University and a M.Sc. in Geology from Acadia University. He is a Professional Geologist (P.Geo.) with nearly 25 years of diverse experience in the mining and oil & gas sectors in Canada, United States, and internationally taking projects from exploration stage to mine development. Mr. Ténière has held senior to executive roles with junior to major mining companies developing precious metal, base metal, and metallurgical coal deposits, and has significant capital markets and corporate finance experience.
Mr. Ténière was a Senior Listings Manager and Chief Mining Expert at the Toronto Stock Exchange (TSX) and TSX Venture Exchange, Chief Geologist for Sherritt International Corp., and an Exploration Manager for Vale S.A. and Solid Energy New Zealand developing large-scale coal mining projects in Australia and New Zealand. He is a past member of the Mining Technical Advisory and Monitoring Committee (MTAMC), which provides advice to the Canadian securities commissions on technical issues relating to NI 43-101 disclosure requirements for the mining industry. He is considered an industry expert in NI 43-101 and JORC disclosure standards, and routinely advises mining companies on obtaining and maintaining their Canadian stock exchange listings, compliance matters, corporate governance, and technical disclosure requirements.
Mr. Ténière is also a geological and mining consultant and acts as a Technical Advisor for several mining companies. Mr. Ténière is also a CEO and Director of CSE-listed Metallica Metals Corp., President of NEO Exchange-listed Major Precious Metals Corp., and a Director of TSX Venture-listed Monarca Minerals Inc.
Mr. Giroux and Mr. Ténière replace departing directors Ryan Kalt and Brian Hearst who resigned December 8 and 15 respectively.
James Henning Appointed Chief Financial Officer
The Corporation also reports that James Henning, B.Comm., CPA, CA, has been appointed as Chief Financial Officer effective December 15, 2021 replacing Nicholas Koo who resigned December 8, 2021. Mr. Henning brings extensive business, accounting and public company CFO experience to the role that he will now fill at Alma Gold Inc.as CFO.
About Alma Gold Inc.
Alma Gold Inc. is a gold-focussed exploration company based in Bedford, Nova Scotia. Alma Gold Inc. through its subsidiary, Karita Gold Corp., is exploring the Karita Gold Project in northern Guinea, and and owns the Clarence Stream North Gold Project, in southwest New Brunswick, Canada.
For more information on Alma Gold Inc., please visit www.AlmaGold.ca.
On Behalf of the Board of Directors
Click Image To View Full Size
Gregory Isenor
President & Chief Executive Officer
Alma Gold Inc.
Email: info@almagold.ca
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE 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.
Forward-Looking Statements
This release contains certain "forward-looking information" under applicable Canadian securities laws. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Forward-looking information is based upon many assumptions. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
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| To: LoneClone who wrote (162208) | 12/16/2021 2:44:20 PM | | From: LoneClone | | | | Stellar AfricaGold Awarded 52 Km2 Final Arrete for Namarana Gold Permit in Mali
thenewswire.com
Vancouver – TheNewswire - December 14, 2021 – J. François Lalonde, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSXV:SPX) (OTC:STLXF) ("Stellar" or the "Company") is pleased to announce that Stellar has been awarded the final grant of a 52 km2 exploration permit in southwest Mali.
NAMARANA PROJECT MALI
Stellar, through its 100% subsidiary Stellar Pacific Mali SARL, has secured the final approval for a 52 km2 gold exploration permit in southwest Mali. The Namarana Permit is located near the village of Namarana, Circle of Kangaba, region of Koulikoro, near the border with Guinea approximately 100 km W-SW west of Bamako, the capital.
Commentary
François Lalonde, President and CEO commented: “We are excited to receive the grant of the full Namarana permit. The encouraging results obtained from Stellar’s 2021 reconnaissance program, which are consistent with past observations and with Newmont’s interpretation of its airborne mag survey, indicate that sites 3 and 4 are close to drill ready. Plans are now underway for a short program of surface trenching early in 2022 to confirm the geological and structural features at those specific locations. Subject to positive results a drill program would follow.”
Background to the Namarana Acquisition
By way of background, in 2018, Stellar’s exploration interest and substantially all its financial resources were focussed on the development of its Balandougou project in Guinea, just across the international boundary from Namarana in Mali. Although Stellar had acquired the Namarana permit because it was geographically contiguous to and geologically along strike from Balandougou, Stellar did not apply for the renewal of Namarana because Stellar’s management attention and financial resources were committed to Balandougou. However, the Namarana area remains as geologically interesting now as it was then, and with Stellar refocussing on exploration and in a stronger financial position, Namarana has once again become an area of considerable interest and in 2020 Stellar was awarded a preliminary ‘look-see’ exploration authorization for Namarana.
Prior Exploration
In 2012 Newmont Mining, in association with Stellar, conducted a field reconnaissance and an airborne magnetic survey over the original 132 km2 Namarana permit owned by Stellar Pacific Mali SARL. The motives and the objectives of this geophysical survey was the interpretation of the local geology. All of this historical data was retained by Stellar.
In December 2020 Stellar’s local geologist conducted a field visit to the newly awarded Namarana exploration authorization. Within a 52 km2 area of interest Stellar’s geologist reported 4 producing artisanal gold mines sites and observed exposed gold-bearing quartz veins extending along geological and geophysical structures consistent with the 2012 Newmont-Stellar field work. During the 2012 geophysical survey Newmont reported 4 significant grab sample assay results (48.4 g/t Au, 1.33 g/t Au, 2.16 g/t Au, and 1.14 g/t Au) taken from quartz veins in the northern-most artisanal mine sites. These sites, labelled numbers 3 and 4 on the figure below, is at the contact of a small diorite intrusion clearly visible on the magnetic survey and is a priority target for Stellar.
During the summer, 2021 Stellar conducted a follow-on reconnaissance program to further evaluate the gold potential of the Namarana area prior to filing an application for a full Exploration Permit over the same area. The entire 51 km2 was visited by Stellar’s senior consultant geologists, and within the Permit area 11 artisan mine sites were visited, mapped and sampled. (See mine sites location figure below)
Location map - Namarana Artisan Mines Sites
Click Image To View Full Size
A total of 172 grab samples were taken and sent to SGS Bamako laboratory for fire assay analysis. Twenty-five (25) samples returned gold grades greater than 0.30 g/t Au and 13 returned grades ranging between 1.0 g/t Au and 5.7 g/t Au primarily in some quartz veins running roughly north south. The samples were taken from either surface exposures or from below ground inside some of the artisan mine pits to as deep as 6 metres in quartz vein systems exposed by the artisan mining activity.
Mine sites 3,4,5 and 2 were considered priority as they all show primary mineralisation in quartz veins, some quartz veins still outcropping while others were observed at depth in artisanal pits. Although all surface showings and underground quartz veins had been extensively mined by orpailleurs, all 13 samples grading between 1.23 g/t Au and 5.70 g/t Au were taken at those 4 sites.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange symbol TSX.V: SPX, the OTCQB® Venture Market symbol OTCQB: STLXF and the Frankfurt Stock Exchange FSE: 6YP1.
The Company maintains offices in Vancouver, BC and in Montreal, QC and has a representative office in Casablanca, Morocco. Stellar’s principal exploration project is the Tichka Est Gold Project in the Atlas Mountains of Morocco.
Stellar’s President J. President François Lalonde can be contacted at 514-994-0654 or by email at lalondejf@stellarafricagold.com.
The technical content of this press release has been reviewed and approved by M. Yassine Belkabir MScDIC, CEng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101.
On Behalf of the Board
J. François Lalonde,
President and CEO
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE 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.
This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
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| To: LoneClone who wrote (162209) | 12/17/2021 10:36:11 AM | | From: LoneClone | | | | Alexco Reports Final Results from 2021 Bermingham Drilling Program, Composite Assays to 1,383 g/t Ag over 11.09 Meters True Width
High Grade Silver Mineralization Confirmed along 500 meter Zone
alexcoresource.com
December 16, 2021
December 16, 2021 – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (“Alexco” or the “Company”) today reported the balance of results from its 2021 directional drilling program at the Bermingham Northeast Deep zone in the Keno Hill Silver District, Yukon Territory (“Keno Hill”). The 17,742 meter (“m”) drill program completed 52 intercepts through the multi-vein target zone, which extends approximately 500 m along strike with at least a 100 m vertical extent. Initial results were reported on September 7, 2021 ( see news release). With all assays now received, the Company is calculating a revised estimated mineral resource for the Bermingham deposit, which currently contains a silver resource of 32.96 million ounces (“Moz”) Indicated (including 18.2 Moz Probable Reserve) and 11.74 Moz Inferred ( see news release). The resource estimation of the newly defined zone is expected to be complete before year end 2021.
2021 Exploration Results Highlights
Final results from 2021 Northeast Deep zone drilling (Table 1) confirm the presence of a 500 m long sub-horizontal mineralized zone (Figure 1) with at least a 100 m vertical extent located approximately 150 m below the Bermingham Northeast mining reserve.
In addition to the important intercepts previously reported from initial results in September 2021 ( see news release), the more significant intercepts from the balance of the drilling (Table 2) are highlighted below:
- K-21-0800A intersected the Bermingham Main vein over a true width of 11.09 m from 187.75 m containing 1,383 grams per tonne (“g/t”) (44.45 ounces per tonne (“oz/t”)) silver (“Ag”), including 3.33 m true width from 189.00 m containing 2,959 g/t (95.14 oz/t) Ag.
- K-21-0803A intersected the Bermingham Footwall vein over a true width of 7.85 m from 170.85 m containing 1,358 g/t (43.66 oz/t) Ag.
- K-21-0797A intersected the Bermingham Main vein over a true width of 7.20 m from 207.82 m containing 1,082 g/t (34.78 oz/t) Ag.
- K-21-0800B intersected the Bermingham Main vein over a true width of 4.16 m from 216.80 m containing 3,226 g/t (103.72 oz/t), including 3.56 m true width from 216.80 m containing 3,748 g/t (120.50 oz/t) Ag.
- K-21-0803 intersected the Bermingham Footwall vein over a true width of 5.41 m from 478.58 m containing 1,331 g/t (42.80 oz/t) Ag.
- K-21-0800 intersected the Bermingham Footwall vein over a true width of 4.49 m from 464.65 m containing 1,205 g/t (38.73 oz/t) Ag.
- K-21-0799B intersected the Bermingham Footwall vein over a true width of 6.20 m from 270.30 m containing 888 g/t (28.56 oz/t) Ag.
- K-21-0796B intersected the Bermingham Footwall vein over a true width of 5.43 m from 299.50 m containing 996 g/t (32.03 oz/t) Ag.
- K-21-0792D intersected the BM2 vein over a true width of 3.02 m from 164.32 m containing 1,273 g/t (40.93 oz/t) Ag.
As in previous years, assay results are reported in Table 2 as +30 g/t Ag composite intervals (that may contain up to two meters of unmineralized material) as in essence this outlines the mineralized vein structures. Table 2 also includes +900 g/t Ag composites for comparison, this being the Bermingham Probable Reserve silver grade.
Alexco’s Chairman and CEO, Clynt Nauman commented, “The 2021 infill and extension directional drilling program at Bermingham was very successful – and we have now turned our attention to the calculation of a revised mineral resource estimate for the Bermingham deposit. Without question, this discovery is important from an exploration perspective, but with mining operations at Bermingham already underway and with infrastructure planned to be within approximately 200 m of the newly defined mineralized zone, we are working with urgency to understand the size and tenor of the potentially expanded resource. Understanding the geology of the entire Bermingham deposit has significant exploration implications in a district where historically silver mineralization was considered shallow and discontinuous. There remains extensive areas along several kilometers of the vein-fault systems yet to be drill tested in favourable stratigraphy at depth. In particular, these areas include the northeastern extension of the Bermingham deposit towards the historic Hector-Calumet mine, as well as southwest to the Coral Wigwam prospect and beyond to the west.”
2021 Program Summary and Bermingham Geology
The 2021 exploration program has provided nominal drill intersection spacings of 35 m along strike by 25 m dip separation along the subparallel Bermingham Main and Bermingham Footwall veins using directional drilling technology whereby shorter secondary drill-holes were initiated at depth from an existing primary drill-hole. The mineralized Northeast Deep zone is structurally complex with a horizontal to gentle northeast plunge along a strike length of 500 m and an apparent dip extent exceeding 100 m – the zone exhibits a mineralogy similar to that seen elsewhere in the Bermingham deposit. Characteristically, mineralized widths that range up to 20 m are coincident with changes in strike and dip of the hosting fault structure in response to variations in rock competency and proximity to the intersection of the two veins, which can now be traced over a 900 m strike length throughout the length of the Bermingham deposit. The mineralization is primarily hosted within the thick bedded quartzites of the Keno Hill Quartzite that also host the nearby historical Hector-Calumet deposit.
Operations Update
Ramp up of underground development and ore production continues with increasing ore production to design capacity rates (400 tonnes per day) targeted during Q1 2022. Ore production from the Bellekeno mine is complete with underground assets removed and redeployed and the mine has transitioned into longer term monitoring. At Flame & Moth, an Alimak nest has been completed on the 815 ore access level and the raise contractor is currently advancing the 85 m ventilation and secondary egress raise to surface. Two initial ore level accesses are being driven on the 815 and 835 levels at Flame & Moth with a target of having five ore production headings opened in early Q1 2022. At Bermingham, the first ore drive on the 1150 level is complete and long hole drilling is underway. Longhole stoping in the 1150 level is anticipated to commence before year end, which will provide a significant increase in ore tonnes delivered from Bermingham. In the mill, the installation of new concentrate regrind mills is complete and the installation of the secondary grinding mill has also been completed and commissioned. With commissioning of the secondary grinding mill using Bermingham ore feed, extended periods of throughput at 17 tonnes per hour (400 tonnes per day run rate) has been achieved along with design metallurgical performance and concentrate Ag grades in excess of 18,000 g/t being produced.
Retirement of Al McOnie, VP Exploration
Alexco also announces that Mr. Al McOnie, Vice President, Exploration, has decided to retire from the Company after more than 15 years of service, effective December 31st, 2021. “Al has been a trusted friend and an exceptional leader at Alexco,” said Clynt Nauman, Alexco’s Chairman and CEO. “There can be no doubt that the incredible success of our exploration efforts over the past decade would not have been possible without Al and his leadership. On behalf of the Board and employees at Alexco, we wish Al the very best in his retirement.”
Going forward, Ms. Liana Stammers, P.Geo, Alexco’s Senior Exploration Geologist, will serve as the Company’s Qualified Person for exploration related topics. Al McOnie has agreed to continue to be available to the Company to provide strategic advice regarding future exploration initiatives.
Qualified Persons and Procedures
The 2019 - 2021 exploration drill programs and sampling protocol has been reviewed, verified, and compiled by Alexco’s geologic staff under the supervision of Alan McOnie, FAusIMM, Vice President Exploration and Liana Stammers, P.Geo, Senior Exploration Geologist, while that regarding mine development and operations has been reviewed and approved by Neil Chambers, P.Eng., Chief Mine Engineer, all of whom are Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Compared with previous years, the core sampling protocols have varied from sampling half HQ core, as more holes have been completed in NQ core in some daughter holes where essentially whole core assay sampling has been undertaken to ensure adequate sample size, providing adequate representative sample material has been retained and high resolution core photography undertaken.
A rigorous quality control and quality assurance protocol is used on the project, including blank, duplicate, and standard reference samples in each batch of 20 samples delivered to the assay lab. Drill core samples are shipped internally to ALS Minerals Labs at Whitehorse, Yukon for preparation, with multi-element ICP, fire assay and overlimit analyses completed at the ALS Minerals facility in North Vancouver, British Columbia.
About Alexco
Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada’s Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to commercial production and commenced concentrate production and shipments in the first quarter of 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation’s mineral resources through successful exploration
Contact
Clynton R. Nauman, Chairman and Chief Executive Officer
Rajni Bala, Investor Relations and Communications Lead
Phone: (778) 945-6577
Email: info@alexcoresource.com
Website: www.alexcoresource.com
Forward-Looking Statements
Some statements (“forward-looking statements”) in this news release contain forward-looking information concerning Alexco’s anticipated results and developments in Alexco’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements may include, but are not limited to, statements with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors, which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results and timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, the assumption that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco 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.
APPENDICES
Figure 1 – Location of 2021 Galena Hill Drilling Showing Bermingham Deep NE and Sime
Figure 2 - Location of all drill hole intercepts of the Bermingham NE Deep zone (refer Figure 3) with +30 g/t Ag composite intervals of this release shown in red
Figure 3 - Vertical Longsection showing distribution of drill hole intercepts on the Bermingham Footwall vein.
2021 September completed holes shown in dark red, 2021 December holes shown in red, previous years in black.
Table 1 - Location of 2021 Drill Holes with completed assays in this Release
| Hole | East (m) | North (m) | Elevation (m) | Length (m) | Surface Azimuth | Surface Dip | | K-21-0789D * | 479664.78 | 7087155.44 | 1090.56 | 270.00 | 302.0 | -74.0 | | K-21-0791B * | 479548.60 | 7086986.19 | 1054.28 | 222.00 | 302.9 | -66.4 | | K-21-0792D * | 479599.95 | 7087059.77 | 1070.61 | 267.09 | 290.8 | -71.9 | | K-21-0793 | 482175.92 | 7088302.35 | 1276.06 | 224.00 | 338.0 | -56.0 | | K-21-0794A * | 479503.60 | 7086909.00 | 1125.50 | 308.00 | 273.8 | -64.4 | | K-21-0795 | 479770.41 | 7087087.93 | 1368.68 | 38.00 | 278.0 | -71.0 | | K-21-0796 * | 479770.36 | 7087087.84 | 1368.71 | 530.00 | 278.0 | -72.5 | | K-21-0796A | 479696.39 | 7087107.53 | 1139.48 | 320.00 | 291.7 | -64.3 | | K-21-0796B | 479707.63 | 7087102.94 | 1166.91 | 333.00 | 295.2 | -67.0 | | K-21-0796C | 479650.19 | 7087131.90 | 1014.99 | 219.80 | 300.4 | -63.7 | | K-21-0796D * | 479659.22 | 7087127.47 | 1036.77 | 217.58 | 296.7 | -66.8 | | K-21-0797 * | 479602.96 | 7086902.78 | 1367.25 | 585.50 | 255.0 | -62.0 | | K-21-0797A * | 479475.45 | 7086876.29 | 1111.58 | 292.50 | 266.6 | -60.1 | | K-21-0798 * | 479615.65 | 7086913.83 | 1367.43 | 539.00 | 266.0 | -71.0 | | K-21-0798A * | 479497.34 | 7086918.22 | 1061.90 | 286.00 | 294.6 | -68.1 | | K-21-0799 | 479648.72 | 7086932.52 | 1369.23 | 528.00 | 300.0 | -75.0 | | K-21-0799A | 479583.07 | 7086983.11 | 1097.07 | 260.00 | 313.4 | -60.3 | | K-21-0799B | 479588.44 | 7086978.21 | 1111.33 | 291.00 | 312.0 | -64.0 | | K-21-0799C * | 479594.63 | 7086972.77 | 1130.64 | 336.15 | 309.9 | -68.3 | | K-21-0800 | 479484.94 | 7086725.39 | 1369.35 | 539.00 | 308.0 | -65.0 | | K-21-0800A | 479397.86 | 7086804.86 | 1124.35 | 249.00 | 315.1 | -58.9 | | K-21-0800B | 479405.94 | 7086796.32 | 1145.27 | 279.00 | 315.8 | -61.9 | | K-21-0800C * | 479409.86 | 7086792.42 | 1155.92 | 262.36 | 314.5 | -63.1 | | K-21-0800D | 479381.12 | 7086816.32 | 1084.18 | 180.89 | 305.8 | -56.8 | | K-21-0801 * | 479731.29 | 7086977.72 | 1372.36 | 540.00 | 307.0 | -69.0 | | K-21-0801A | 479629.04 | 7087074.10 | 1049.37 | 198.00 | 315.9 | -56.1 | | K-21-0801B | 479647.64 | 7087056.91 | 1090.12 | 276.00 | 310.3 | -61.8 | | K-21-0801C | 479650.65 | 7087054.21 | 1098.16 | 219.30 | 313.3 | -64.1 | | K-21-0802 * | 479648.35 | 7086932.32 | 1369.29 | 551.00 | 279.0 | -72.0 | | K-21-0802A | 479556.41 | 7086960.96 | 1086.64 | 258.00 | 295.8 | -61.6 | | K-21-0803 * | 479485.01 | 7086725.54 | 1369.32 | 506.00 | 317.0 | -64.0 | | K-21-0803A | 479391.20 | 7086837.93 | 1091.77 | 202.08 | 322.6 | -59.2 |
Notes
* NQ cored
Locations in UTM NAD83 -Z8 projection located by survey controlled RTK GPS
Collars of daughter holes (A, B, C, D) located at take off point from parent hole
Downhole surveys by gyro or single shot reflex
Table 2 – +30 g/t and +900 g/t Ag Composite Assay Intervals
| Hole | From
(m) | To
(m) | Interval
(m) | True Width
(m) | Ag
(g/t) | Ag
(oz/t) | Au
(g/t) | Pb
(%) | Zn
(%) | Vein | | K-21-0789D | 158.18 | 161.50 | 3.32 | 2.78 | 92 | 2.95 | 0.04 | 1.28 | 2.60 | BM2 | | | 195.00 | 195.40 | 0.40 | 0.34 | 485 | 15.59 | 0.06 | 0.71 | 0.01 | BM Splay | | | 198.25 | 201.65 | 3.40 | 2.87 | 365 | 11.72 | 0.04 | 0.45 | 0.01 | BM | | Including | 198.25 | 200.60 | 2.35 | 1.98 | 468 | 15.03 | 0.04 | 0.58 | 0.01 | BM | | | | | | | | | | | | | | K-21-0791B | 206.33 | 206.80 | 0.47 | 0.30 | 132 | 4.24 | 0.16 | 1.25 | 0.04 | BM | | | 210.00 | 214.02 | 4.02 | 2.59 | 251 | 8.06 | 0.10 | 0.60 | 0.02 | BM | | | 216.97 | 217.27 | 0.30 | 0.20 | 198 | 6.37 | 0.12 | 0.58 | 0.02 | BM | | | | | | | | | | | | | | K-21-0792D | 164.32 | 167.92 | 3.60 | 3.02 | 1273 | 40.93 | 0.54 | 5.88 | 2.04 | BM2 | | Including | 166.43 | 167.92 | 1.49 | 1.25 | 2848 | 91.56 | 0.65 | 6.89 | 2.55 | BM2 | | | 233.21 | 233.37 | 0.16 | 0.09 | 844 | 27.14 | 0.13 | 7.74 | 0.45 | FW splay | | | 244.02 | 250.41 | 6.39 | 3.51 | 609 | 19.56 | 0.13 | 3.16 | 0.18 | FW | | Including | 244.43 | 248.08 | 3.65 | 2.01 | 973 | 31.28 | 0.19 | 5.05 | 0.14 | FW | | | 259.60 | 262.25 | 2.65 | 1.46 | 46 | 1.49 | 0.01 | 0.18 | 0.00 | FW splay | | | | | | | | | | | | | | K-21-0793 | 211.57 | 213.13 | 1.56 | 1.19 | 150 | 4.81 | 0.09 | 1.96 | 5.60 | Sime Aho | | | 215.65 | 216.35 | 0.70 | 0.53 | 53 | 1.70 | 0.11 | 0.18 | 1.14 | Sime Aho Splay | | | 221.32 | 222.64 | 1.32 | 0.97 | 137 | 4.40 | 0.13 | 0.41 | 7.49 | Sime Ruby | | | | | | | | | | | | | | K-21-0794A | 237.45 | 238.42 | 0.97 | 0.84 | 848 | 27.26 | 0.24 | 3.20 | 1.69 | BM | | Including | 237.83 | 238.12 | 0.29 | 0.25 | 2040 | 65.59 | 0.59 | 2.67 | 1.73 | BM | | | 280.26 | 281.05 | 0.79 | 0.45 | 1795 | 57.71 | 0.28 | 13.30 | 1.45 | FW | | | | | | | | | | | | | | K-21-0796 | 467.60 | 469.35 | 1.75 | 1.61 | 1607 | 51.65 | 0.23 | 1.73 | 1.44 | BM2 | | Including | 468.55 | 469.35 | 0.80 | 0.74 | 2790 | 89.70 | 0.40 | 2.44 | 0.98 | BM2 | | | 501.75 | 504.45 | 2.70 | 1.97 | 859 | 27.62 | 0.09 | 3.29 | 0.85 | FW | | Including | 502.90 | 503.40 | 0.50 | 0.36 | 4080 | 131.17 | 0.36 | 14.82 | 2.56 | FW | | | 509.66 | 510.13 | 0.47 | 0.34 | 68 | 2.19 | 0.04 | 1.10 | 1.69 | FW splay | | | 512.86 | 514.50 | 1.64 | 1.20 | 45 | 1.45 | 0.04 | 0.38 | 1.07 | FW splay | | | 517.00 | 518.30 | 1.30 | 0.95 | 446 | 14.34 | 0.08 | 6.52 | 8.71 | FW splay | | Including | 517.00 | 517.40 | 0.40 | 0.29 | 1170 | 37.62 | 0.10 | 18.15 | 4.90 | FW splay | | | | | | | | | | | | | | K-21-0796A | 258.14 | 258.86 | 0.72 | 0.66 | 118 | 3.79 | 0.02 | 0.33 | 0.11 | BM | | | 261.52 | 262.45 | 0.93 | 0.85 | 99 | 3.19 | 0.06 | 0.13 | 0.04 | BM splay | | | 287.76 | 288.48 | 0.72 | 0.48 | 84 | 2.70 | 0.02 | 0.29 | 1.51 | FW splay | | | 290.50 | 290.98 | 0.48 | 0.32 | 551 | 17.72 | 0.12 | 3.06 | 2.04 | FW | | | | | | | | | | | | | | K-21-0796B | 256.28 | 256.80 | 0.52 | 0.50 | 44 | 1.41 | -0.01 | 0.01 | 0.01 | BM2 | | | 299.50 | 306.74 | 7.24 | 5.43 | 996 | 32.03 | 0.18 | 3.02 | 1.15 | FW | | Including | 299.50 | 301.11 | 1.61 | 1.21 | 4216 | 135.55 | 0.71 | 11.96 | 3.62 | FW | | | | | | | | | | | | | | K-21-0796C | 93.26 | 93.96 | 0.70 | 0.64 | 32 | 1.03 | 0.22 | 0.13 | 0.21 | BM2 | | | 124.39 | 125.59 | 1.20 | 1.10 | 988 | 46.30 | 0.17 | 0.26 | 0.14 | BM | | Including | 124.39 | 125.14 | 0.75 | 0.69 | 1440 | 46.30 | 0.23 | 0.33 | 0.22 | BM | | | 154.67 | 156.90 | 2.23 | 1.52 | 153 | 4.90 | 0.06 | 0.60 | 0.37 | FW | | Including | 155.66 | 155.90 | 0.24 | 0.16 | 992 | 31.89 | 0.34 | 4.58 | 1.90 | FW | | | | | | | | | | | | | | K-21-0796D | 161.60 | 163.00 | 1.40 | 1.25 | 34 | 1.10 | 0.03 | 0.06 | 0.01 | BM | | | 191.70 | 196.10 | 4.40 | 2.73 | 530 | 17.03 | 0.08 | 0.26 | 0.64 | FW * | | Including | 191.70 | 192.05 | 0.35 | 0.22 | 1675 | 53.85 | 0.12 | 0.88 | 0.13 | FW | | | 194.75 | 195.43 | 0.68 | 0.42 | 2349 | 75.52 | 0.32 | 1.00 | 1.74 | FW | | | | | | | | | | | | | | K-21-0797 | 496.91 | 500.19 | 3.28 | 2.88 | 653 | 20.98 | 0.33 | 2.85 | 3.46 | BM | | Including | 496.91 | 498.44 | 1.53 | 1.34 | 1182 | 38.01 | 0.49 | 4.21 | 2.72 | BM | | | 515.81 | 517.10 | 1.29 | 1.14 | 986 | 31.69 | 0.14 | 0.33 | 3.70 | BM splay | | Including | 515.81 | 516.17 | 0.36 | 0.32 | 3390 | 108.99 | 0.44 | 0.15 | 9.53 | BM splay | | | 549.70 | 550.73 | 1.03 | 0.71 | 255 | 8.19 | 0.15 | 0.20 | 0.21 | FW | | | 552.92 | 553.43 | 0.51 | 0.35 | 1300 | 41.80 | 0.39 | 0.02 | 0.03 | FW | | | 562.54 | 562.75 | 0.21 | 0.14 | 341 | 10.96 | 0.13 | 5.75 | 7.71 | FW splay | | | | | | | | | | | | | | K-21-0797A | 207.82 | 216.00 | 8.18 | 7.20 | 1082 | 34.78 | 0.32 | 5.47 | 4.92 | BM | | Including | 208.45 | 215.12 | 6.67 | 5.87 | 1233 | 39.65 | 0.33 | 6.54 | 5.89 | BM | | | 271.88 | 273.90 | 2.02 | 1.30 | 275 | 8.84 | 0.07 | 0.24 | 1.12 | FW | | Including | 273.45 | 273.90 | 0.45 | 0.29 | 1010 | 32.47 | 0.17 | 0.17 | 4.62 | FW | | | | | | | | | | | | | | K-21-0798 | 509.00 | 511.50 | 2.50 | 1.96 | 177 | 5.70 | 0.04 | 1.60 | 0.58 | FW | | | | | | | | | | | | | | K-21-0798A | 178.27 | 180.74 | 2.47 | 2.18 | 216 | 6.94 | 0.13 | 1.39 | 0.19 | BM | | Including | 178.93 | 179.15 | 0.22 | 0.19 | 1440 | 46.30 | 0.83 | 6.30 | 2.00 | BM | | | 184.85 | 187.40 | 2.55 | 2.26 | 76 | 2.44 | 0.04 | 1.07 | 0.49 | BM splay | | | 214.96 | 215.27 | 0.31 | 0.18 | 55 | 1.75 | 0.09 | 0.50 | 0.03 | FW splay | | | 235.00 | 237.23 | 2.23 | 1.31 | 37 | 1.18 | 0.01 | 0.02 | 0.08 | FW | | | 270.18 | 271.30 | 1.12 | 0.66 | 97 | 3.13 | 0.02 | 0.00 | 0.00 | Unknown Vein | | | | | | | | | | | | | | K-21-0799 | 483.45 | 485.52 | 2.07 | 2.01 | 1121 | 36.03 | 0.33 | 3.07 | 5.19 | BM2 | | Including | 483.45 | 484.49 | 1.04 | 1.01 | 2011 | 64.67 | 0.39 | 5.69 | 8.44 | BM2 | | | 488.70 | 490.63 | 1.93 | 1.87 | 32 | 1.03 | 0.01 | 0.14 | 0.21 | BM2 splay | | | 493.00 | 494.98 | 1.98 | 1.91 | 75 | 2.40 | 0.02 | 0.86 | 0.70 | BM splay | | | 498.03 | 498.94 | 0.91 | 0.88 | 653 | 20.99 | 0.10 | 1.68 | 0.03 | BM | | | 502.65 | 509.81 | 7.16 | 5.56 | 255 | 8.19 | 0.02 | 1.16 | 0.41 | FW | | Including | 502.65 | 502.80 | 0.15 | 0.12 | 9090 | 292.25 | 0.79 | 34.55 | 2.08 | FW | | | 515.00 | 517.03 | 2.03 | 1.58 | 114 | 3.65 | 0.03 | 1.64 | 0.88 | FW splay | | | | | | | | | | | | | | K-21-0799A | 203.15 | 208.60 | 5.45 | 5.06 | 162 | 5.19 | 0.02 | 0.35 | 1.99 | BM2 | | | 212.29 | 213.45 | 1.16 | 1.08 | 137 | 4.42 | 0.08 | 1.88 | 1.52 | BM | | | 245.00 | 245.44 | 0.44 | 0.30 | 80 | 2.59 | 0.09 | 0.62 | 0.62 | FW | | | | | | | | | | | | | | K-21-0799B | 223.10 | 227.00 | 3.90 | 3.58 | 34 | 1.09 | 0.00 | 0.07 | 0.44 | BM2 | | | 232.87 | 234.65 | 1.78 | 1.64 | 53 | 1.71 | 0.02 | 0.35 | 0.42 | BM splay | | | 254.40 | 256.00 | 1.60 | 1.07 | 35 | 1.12 | 0.03 | 0.27 | 0.02 | FW splay | | | 270.30 | 279.55 | 9.25 | 6.20 | 888 | 28.56 | 0.16 | 0.82 | 0.94 | FW | | Including | 275.16 | 278.30 | 3.14 | 2.11 | 2217 | 71.26 | 0.36 | 1.85 | 0.77 | FW | | | | | | | | | | | | | | K-21-0799C | 255.00 | 255.68 | 0.68 | 0.62 | 104 | 3.34 | 0.01 | 0.01 | 0.03 | BM2 | | | 319.16 | 323.36 | 4.20 | 2.69 | 149 | 4.79 | 0.04 | 0.19 | 0.04 | FW | | Including | 320.90 | 321.31 | 0.41 | 0.26 | 1020 | 32.79 | 0.15 | 0.04 | 0.02 | FW | | | | | | | | | | | | | | K-21-0800 | 353.00 | 353.61 | 0.61 | 0.51 | 718 | 23.08 | 0.08 | 1.97 | 0.19 | Aho splay | | | 457.86 | 458.58 | 0.72 | 0.71 | 94 | 3.03 | 0.01 | 1.18 | 1.34 | BM splay | | | 461.00 | 462.34 | 1.34 | 1.31 | 157 | 5.05 | 0.05 | 0.58 | 2.21 | BM | | | 464.65 | 470.00 | 5.35 | 4.49 | 1205 | 38.73 | 0.21 | 1.17 | 1.13 | FW | | Including | 465.94 | 469.56 | 3.62 | 3.04 | 1607 | 51.68 | 0.26 | 1.51 | 1.35 | FW | | | | | | | | | | | | | | K-21-0800A | 187.75 | 199.42 | 11.67 | 11.09 | 1383 | 44.45 | 0.28 | 4.45 | 4.02 | BM | | Including | 189.00 | 192.51 | 3.51 | 3.33 | 2959 | 95.14 | 0.57 | 8.08 | 5.05 | BM | | Including | 197.26 | 198.98 | 1.72 | 1.63 | 2054 | 66.03 | 0.21 | 9.14 | 1.07 | BM | | | 207.77 | 207.96 | 0.19 | 0.18 | 556 | 17.88 | 0.02 | 0.09 | 33.96 | BM splay | | | 214.63 | 237.72 | 23.09 | 16.86 | 394 | 12.65 | 0.09 | 1.88 | 3.95 | FW ** | | Including | 216.42 | 217.91 | 1.49 | 1.09 | 2563 | 82.40 | 0.24 | 6.40 | 20.66 | FW | | Including | 221.43 | 221.89 | 0.46 | 0.34 | 1165 | 37.46 | 0.22 | 25.49 | 2.67 | FW | | Including | 230.29 | 235.00 | 4.71 | 3.44 | 643 | 20.66 | 0.13 | 1.48 | 2.28 | FW | | | | | | | | | | | | | | K-21-0800B | 121.43 | 121.61 | 0.18 | 0.13 | 221 | 7.11 | 0.16 | 0.87 | 0.01 | Aho splay | | | 216.80 | 221.27 | 4.47 | 4.16 | 3226 | 103.72 | 0.73 | 12.31 | 3.05 | BM | | Including | 216.80 | 220.63 | 3.83 | 3.56 | 3748 | 120.50 | 0.85 | 14.37 | 2.97 | BM | | | 241.42 | 241.72 | 0.30 | 0.21 | 1105 | 35.53 | 0.16 | 0.09 | 0.15 | FW splay | | | 244.23 | 246.56 | 2.33 | 1.65 | 76 | 2.43 | 0.03 | 0.06 | 0.43 | FW splay | | | 253.27 | 255.64 | 2.37 | 1.68 | 238 | 7.65 | 0.09 | 2.30 | 3.81 | FW | | Including | 253.91 | 254.11 | 0.20 | 0.14 | 2140 | 68.80 | 0.26 | 21.64 | 2.05 | FW | | | 263.68 | 264.42 | 0.74 | 0.53 | 383 | 12.31 | 0.07 | 3.45 | 0.12 | FW splay | | | | | | | | | | | | | | K-21-0800C | 214.15 | 220.35 | 6.20 | 6.08 | 42 | 1.36 | 0.10 | 0.16 | 0.31 | BM | | | 242.75 | 244.27 | 1.52 | 1.25 | 1202 | 38.64 | 0.13 | 11.04 | 0.90 | FW | | Including | 243.68 | 243.97 | 0.29 | 0.24 | 5580 | 179.40 | 0.58 | 48.77 | 4.39 | FW | | | | | | | | | | | | | | K-21-0800D | 54.90 | 57.94 | 3.04 | 2.10 | 127 | 4.08 | 0.26 | 0.30 | 0.82 | Aho splay | | | 135.81 | 139.16 | 3.35 | 3.25 | 62 | 2.00 | 0.18 | 0.27 | 0.47 | BM | | | 149.35 | 149.60 | 0.25 | 0.20 | 165 | 5.30 | 0.26 | 0.05 | 0.06 | FW splay | | | 163.58 | 170.88 | 7.30 | 5.69 | 673 | 21.64 | 0.12 | 2.68 | 1.95 | FW | | Including | 163.58 | 164.44 | 0.86 | 0.67 | 4255 | 136.81 | 0.65 | 12.97 | 0.46 | FW | | | | | | | | | | | | | | K-21-0801 | 487.27 | 489.41 | 2.14 | 2.10 | 62 | 2.00 | 0.03 | 0.66 | 1.93 | BM2 | | | 520.30 | 524.63 | 4.33 | 3.46 | 87 | 2.79 | 0.04 | 0.35 | 0.65 | FW | | | 530.63 | 532.75 | 2.12 | 1.70 | 596 | 19.15 | 0.10 | 1.62 | 0.18 | FW | | Including | 530.63 | 531.37 | 0.74 | 0.59 | 1535 | 49.35 | 0.19 | 4.17 | 0.45 | FW | | | | | | | | | | | | | | K-21-0801A | 134.01 | 138.59 | 4.58 | 4.40 | 389 | 12.51 | 0.07 | 0.81 | 0.74 | BM2 | | Including | 137.43 | 137.82 | 0.39 | 0.37 | 2110 | 67.84 | 0.14 | 5.61 | 0.13 | BM2 | | | 153.49 | 157.48 | 3.99 | 3.83 | 165 | 5.32 | 0.06 | 2.00 | 1.04 | BM | | Including | 153.49 | 153.71 | 0.22 | 0.21 | 2230 | 71.70 | 0.33 | 31.22 | 11.65 | BM | | | 166.89 | 167.57 | 0.68 | 0.51 | 55 | 1.76 | 0.03 | 1.13 | 0.55 | FW splay | | | 174.18 | 174.77 | 0.59 | 0.44 | 525 | 16.88 | 0.09 | 0.17 | 0.56 | FW splay | | | 177.00 | 179.34 | 2.34 | 1.80 | 450 | 14.47 | 0.07 | 0.14 | 2.15 | FW | | | 186.89 | 187.36 | 0.47 | 0.36 | 1640 | 52.73 | 0.32 | 4.42 | 2.24 | FW splay | | | | | | | | | | | | | | K-21-0801B | 183.46 | 187.58 | 4.12 | 3.79 | 497 | 15.99 | 0.09 | 1.08 | 0.29 | BM2 | | Including | 185.39 | 186.36 | 0.97 | 0.89 | 1380 | 44.37 | 0.19 | 2.62 | 0.59 | BM2 | | | 207.66 | 208.27 | 0.61 | 0.56 | 171 | 5.50 | 0.06 | 2.85 | 0.40 | BM | | | 245.49 | 254.41 | 8.92 | 5.98 | 216 | 6.96 | 0.06 | 0.63 | 1.07 | FW | | Including | 247.10 | 247.40 | 0.30 | 0.20 | 3160 | 101.60 | 0.57 | 3.26 | 0.41 | FW | | | | | | | | | | | | | | K-21-0802 | 500.30 | 519.69 | 19.39 | 14.54 | 618 | 19.86 | 0.13 | 1.78 | 0.59 | FW | | Including | 500.30 | 504.01 | 3.71 | 2.78 | 1420 | 45.65 | 0.32 | 5.40 | 0.69 | FW | | Including | 511.28 | 512.85 | 1.57 | 1.18 | 3126 | 100.51 | 0.54 | 5.56 | 2.34 | FW | | | | | | | | | | | | | | K-21-0802A | 208.95 | 210.00 | 1.05 | 0.97 | 302 | 9.71 | 0.08 | 1.46 | 3.91 | BM | | | 228.16 | 240.00 | 11.84 | 9.24 | 370 | 11.91 | 0.07 | 1.43 | 0.41 | FW | | Including | 235.06 | 238.59 | 3.53 | 2.75 | 908 | 29.18 | 0.15 | 3.09 | 0.84 | FW | | | | | | | | | | | | | | K-21-0803 | 341.59 | 342.81 | 1.22 | 0.92 | 57 | 1.85 | 0.07 | 0.26 | 1.22 | Aho splay | | | 461.83 | 462.08 | 0.25 | 0.24 | 88 | 2.83 | 0.09 | 0.65 | 4.24 | BM splay | | | 464.73 | 476.34 | 11.61 | 11.15 | 543 | 17.46 | 0.21 | 0.80 | 1.18 | BM | | Including | 468.07 | 468.49 | 0.42 | 0.40 | 6560 | 210.91 | 1.52 | 5.07 | 3.26 | BM | | Including | 472.60 | 473.33 | 0.73 | 0.70 | 2230 | 71.70 | 0.43 | 2.32 | 10.15 | BM | | | 478.58 | 485.52 | 6.94 | 5.41 | 1331 | 42.80 | 0.25 | 4.15 | 4.55 | FW | | Including | 479.20 | 480.96 | 1.76 | 1.37 | 3198 | 102.81 | 0.51 | 5.73 | 4.66 | FW | | Including | 483.02 | 485.00 | 1.98 | 1.54 | 1426 | 45.83 | 0.32 | 6.46 | 4.14 | FW | | | | | | | | | | | | | | K-21-0803A | 29.03 | 31.36 | 2.33 | 1.70 | 244 | 7.84 | 0.10 | 0.31 | 0.95 | Aho splay | | | 153.10 | 160.06 | 6.96 | 6.61 | 349 | 11.23 | 0.25 | 0.98 | 1.02 | BM | | Including | 153.10 | 153.72 | 0.62 | 0.59 | 2360 | 75.88 | 0.65 | 4.76 | 2.24 | BM | | | 170.85 | 181.61 | 10.76 | 7.85 | 1358 | 43.66 | 0.18 | 5.65 | 3.15 | FW | | Including | 175.64 | 181.61 | 5.97 | 4.36 | 2370 | 76.20 | 0.28 | 9.66 | 4.30 | FW |
30 g/t Ag composite including up to 2m interval internal waste
900 g/t Ag composite including up to 2m interval internal waste
* K-21-0796D FW Vein includes 2.17 m of internal waste (1.35 m true width)
** K-21-0800A FW Vein includes 5.42 m of internal waste (3.96 m true width) |
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