SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Gold/Mining/EnergyMining News of Note


Previous 10 Next 10 
To: LoneClone who wrote (162558)1/4/2022 5:20:13 PM
From: LoneClone
   of 169762
 
Chakana Reports 50.7m of 0.63 g/t Gold, 3.46% Copper and 118.8 g/t Silver (4.89% Cu-Eq) in Huancarama at Soledad, Peru



Soledad Project Highlights Include:

  • Remaining 13 resource definition and exploration holes at Huancarama reported totalling 3,265m
  • Two additional high-grade intervals of >50m lengths also reported
  • 56.15 m @ 0.45 g/t Au, 115.1 g/t Ag, and 2.34% Cu (3.62% Cu-EQ)
  • 54.90 m @ 0.63 g/t Au, 81.7 g/t Ag, and 2.41% Cu (3.52% Cu-EQ)
  • Off-set IP surveys continue over high priority targets defined by gradient array and other data sets; numerous new targets have been defined
  • Finalizing first-ever resource estimate on the Soledad Project
  • 16 out of 110 current targets have been tested to date (15%)


  • newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 4, 2022) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to provide results from thirteen additional resource definition and exploration holes drilled in Huancarama totaling 3,265m at the Soledad project, Ancash, Peru (see table below). The resource drilling is part of a fully funded exploration and resource drilling program completed in 2021 (Fig. 1). These results compliment previous results from Huancarama and will increase confidence in the initial resource estimate covering several breccia pipes, which is currently being finalized.

    "The multiple high-grade intercepts from Huancarama are a fitting conclusion to the 2020-2021 resource drilling program at Soledad. Since restarting the drill program in August of 2020, we have completed over 30,000m of drilling in 143 drill holes. The initial resource estimate on the shallower extent of several breccia pipes, a first for the project, is nearing completion and will help us better understand the upside potential of the broader Soledad project. Mineralized tourmaline breccia pipes occur within a 12 km2 area, within which we have defined 110 targets through systematic multidisciplinary exploration. Only 16 out of the 110 targets have been tested thus far. In addition, the current geophysical program has defined numerous new targets within the known productive structural corridors that host mineralized breccia pipes," stated President and CEO, David Kelley.

    Results

    Huancarama (Resource Definition)

    DDH #From - To (m)Core Length (m)Au
    g/t
    Ag
    g/t
    Cu
    %
    Cu-eq
    %*
    Au-eq g/t*
    SDH21-25481.20154.0072.800.9887.40.531.932.89
    including125.00145.0020.002.61222.31.064.677.14
    and181.00199.0018.000.7347.30.191.071.64
    SDH21-25771.0082.0011.000.3464.80.180.961.46
    and90.00103.0013.000.2665.50.220.951.45
    and124.00166.0042.000.3134.90.771.271.94
    SDH21-25992.0099.007.001.08333.91.925.488.38
    SDH21-263155.00196.0041.000.5232.00.511.121.72
    SDH21-26574.00168.0094.000.3745.90.821.452.22
    including102.00119.0017.000.8076.61.903.084.71
    SDH21-26654.00161.85107.850.4662.70.721.562.38
    and169.00173.004.001.39281.07.3810.6916.35
    SDH21-267124.00146.0022.002.71162.51.915.077.76
    SDH21-26859.0061.002.000.64611.412.3518.0027.53
    and64.0065.001.000.27189.011.5013.2920.33
    and72.00172.00100.000.3639.90.631.211.85
    SDH21-26979.00143.0064.000.4632.20.641.221.86
    SDH21-271168.30219.0050.700.63118.83.464.897.48
    including168.30189.0020.701.12181.86.648.9313.65
    SDH21-273170.85227.0056.150.45115.12.343.625.53
    including173.00180.007.001.02393.79.1713.2020.20
    and274.00281.007.001.1292.22.223.745.72
    SDH21-27543.0047.104.100.6791.20.171.392.12
    and167.10222.0054.900.6381.72.413.525.38
    including167.10177.009.901.62230.45.938.9613.70
    and277.00285.008.000.4031.41.031.562.39


    * Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu - US$2.90/lb, Au - US$1,300/oz, and Ag - US$17/oz. No adjustments were made for recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu-eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au-eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

    Huancarama

    The Huancarama breccia pipe is in the central part of the project at an elevation of 3,950m and is one of several breccia pipes that will be included in Chakana's initial resource estimate (Fig. 1). This breccia pipe is part of a breccia complex with six outcropping breccias over a lateral distance of 200m east-west. Two of the breccias, separated by 50m at surface, coalesce at depth, forming a larger breccia pipe approximately 100m x 60m in plan. Breccia has been intercepted to a depth of 492m below surface and remains open.

    Drill holes described in this release were drilled from three different platforms and were designed to confirm the geometry and continuity of mineralization within the breccia pipe (Figs. 2 and 3). All resource definition holes intersected significant mineralization (see Figure 4 for select core photos of the mineralization). In addition to the high copper, gold and silver grades reported in these drill holes, three of the holes also intersected very strong molybdenum mineralization at depts of around 350m below surface (Fig. 3). For example, SDH21-271 intersected 36m of 0.26% molybdenum from 337m; SDH21-273 intersected 13.7m of 0.29% molybdenum from 354m; and SDH21-275 intersected 21.25m of 0.20% molybdenum from 350m. The significance of this mineralization in relation to surrounding intrusive rocks is being investigated.

    One exploration hole (SDH21-274) was drilled to the northeast of the main Huancarama breccia complex testing a possible feeder structure to the breccia complex. This hole intersected strongly altered andesitic lithic tuff along structures, but no significant mineralization was encountered.

    2021 Resource and Exploration Drill Program

    A total of 23,947m of drilling has been completed in 2021. The objectives of this drill program are to complete resource definition drilling on several breccia pipes and test several new exploration targets. Breccia pipes that will be included in the initial resource estimate are: Bx1, Bx 5, Bx6, Paloma East, Paloma West, and Huancarama (Fig. 1); a seventh pipe, Bx 7, may also be included pending a final evaluation of the results to date.

    During 2021 our drilling was focused on the north half of the project where drill permits are in place. Permitting for the south half of the project is well advanced. The southern half of the property hosts several outcropping mineralized tourmaline breccia pipes and has been recently covered by the Company's ongoing geophysical program. Numerous targets exist, none of which have been drilled previously.

    Geophysical Surveys

    Gradient-array induced-polarization (IP) surveys have been completed over the entire 12km2 footprint of the Soledad mineral system. Off-set IP surveys are now in-progress covering high priority target areas. This work complements the extensive exploration database that supports our current inventory of 110 exploration targets. This new information identifies both new targets and prioritizes existing targets that will be tested when the exploration drilling programs resume.

    About Chakana Copper

    Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project is notable for the high-grade copper-gold-silver mineralization that is hosted in tourmaline breccia pipes. A total of 60,854 metres in 260 diamond core holes for exploration and resource definition drilling have been completed since 2017, testing 16 of 110 total exploration targets, confirming that Soledad is a large, well-endowed mineral system with strong exploration upside. Chakana's investors are uniquely positioned as the Soledad Project provides exposure to base and precious metals. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

    Sampling and Analytical Procedures

    Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

    Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana's SEDAR profile at www.sedar.com.

    Qualified Person

    David Kelley, an officer, and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

    ON BEHALF OF THE BOARD
    (signed) "David Kelley"
    David Kelley
    President and CEO

    For further information contact:
    Joanne Jobin, Investor Relations Officer
    Phone: 647 964 0292
    Email: jjobin@chakanacopper.com

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

    Forward-Looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the "Project"), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.



    Figure 1 - View looking north showing outcropping breccia pipes and occurrences within the northern Soledad cluster. Pipes that will be included in the initial resource are shown in green (Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama). Breccia pipes shown in yellow have had exploration drilling completed. Other pipes/occurrences and targets defined by other exploration data remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

    To view an enhanced version of Figure 1, please visit:
    orders.newsfilecorp.com



    Figure 2 - Map showing drill holes reported in this release and modeled breccia pipes at Huancarama (light red shape) based on all drill holes. Light gray contours are at 10m intervals. Blue rectangle in the inset map shows the area of Figure 2 within the overall Soledad property.

    To view an enhanced version of Figure 2, please visit:
    orders.newsfilecorp.com



    Figure 3 - 3D sectional view of Huancarama looking west-northwest. Light red 3D shape shows breccia pipe geometry based on all drill holes. High molybdenum zone intersected in holes SDH21-271, SDH21-273, and SDH21-275 highlighted.

    To view an enhanced version of Figure 3, please visit:
    orders.newsfilecorp.com



    Figure 4 - Select core photos from Huancarama reported in this release: SDH21-257 (125.0m) tourmaline breccia with chalcopyrite-pyrite replacing clasts; SDH21-259 (96.9m) chalcopyrite-pyrite filling open cavity in breccia; SDH21-269 (105.2m) tourmaline breccia with chalcopyrite-pyrite replacing clasts; SDH21-271 (170.85m) chalcopyrite-cemented tourmaline breccia; SDH21-271 (184.85m) chalcopyrite-cemented tourmaline breccia; SDH21-273 (173.0m) chalcopyrite-cemented tourmaline breccia; SDH21-275 (183.3m) massive chalcopyrite-pyrite filling void in breccia with siderite. Core diameter is 6.35cm (HQ) in all instances.

    To view an enhanced version of Figure 4, please visit:
    orders.newsfilecorp.com

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162559)1/4/2022 5:22:58 PM
    From: LoneClone
       of 169762
     
    EMX Royalty Identifies New Gold and Cobalt Targets on Australian Projects

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 4, 2022) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce results from recently completed geochemical surveys at EMX's 100% owned Mt Steadman and Yarrol gold projects in central Queensland, Australia. Numerous gold-in-soil anomalies have been identified by surveys conducted on both projects, with several anomalies extending to the edges of the survey grids, meaning that they remain open for expansion. A total of 895 samples were collected, with results including 2.17 ppm gold in a new target area at Mt Steadman. Results from the Yarrol project also delineated several robust gold-in-soil anomalies, as well as a new target area with high levels of cobalt and nickel in rock chip samples. These results highlight the additional exploration potential of both projects.

    EMX will continue executing exploration programs on both projects in the coming year, and both projects are currently available for partnership.

    Mt Steadman Project. The 5,700 hectare Mt Steadman project is an intrusion-related gold system ("IRGS") in the New England Orogenic Belt in Queensland, Australia, a province that hosts IRGS-type gold, porphyry and epithermal deposits. Mt Steadman is located along the Perry Fault system, a major structural feature in the area (see Figure 1). The Mt Steadman project was the focus of exploration in the 1990's when shallow reconnaissance drilling programs led to the recognition and definition of historical gold resources. However little exploration has taken place since (see EMX News Release dated April 26, 2021).

    In Q3 and Q4 2021, EMX conducted a broad soil geochemical survey to the north of the Fitzroy historical resource (see Figure 2). A total of 351 samples were collected on 200 meter and 400 meter spaced traverses with samples collected every 50 meters along each line. This program resulted in the delineation of multiple anomalous gold-in-soil trends. The most prominent anomaly extends for 400 meters along trend and reaches a maximum width of 200 meters at its northern extent. The anomaly remains open to the north and includes a sample of 2.17 ppm gold. This new soil anomaly is similar in scale and tenor to those around the historic Fitzroy prospect located 1km to the southeast. This anomaly also exhibits coincident anomalous molybdenum and tellurium geochemistry, similar to geochemical signatures seen at Fitzroy, and closely correlates with the mapped extent of a zone of hydrothermal breccias, quartz veining and alteration.

    Yarrol Project. The 17,500 hectare Yarrol project is located between EMX's Queensland Gold royalty property and Evolution Mining's Mt Rawdon gold mine, and is positioned along the regional scale Yarrol Fault. Several other historical mines and active exploration projects lie along the Yarrol Fault structural trend. EMX's Yarrol Project was the site of historical mining activities from the late 1800's through the 1930's. Further exploration carried out in the 1980's and 1990's led to the definition of two historical gold resources on the Yarrol Project, but little exploration activity has taken place since that time (see EMX news release dated April 26, 2021).

    EMX's 2021 programs at Yarrol included the collection of 544 soil samples, which identified two new gold-in-soil anomalies (see Figure 3). The northern anomaly, known as the Limestone Creek area, lies approximately five kilometers northwest of the historical Yarrol gold resources. This new anomaly has dimensions of 200 by 600 meters, with the strongest results along the southernmost line. The area was identified as a target by EMX on the basis of magnetic inversion geophysical models, previous geochemical results and the presence of numerous historical prospecting pits. The Limestone Creek anomaly also coincides with a zone of albite-silica-goethite alteration developed adjacent to a monzonite porphyry and remains open to the south. The anomaly has a scale and tenor that resembles those over the historical gold resources on the Yarrol Project.

    Other gold-in-soil anomalies have been delineated immediately northwest of the historical Yarrol resources, along a contact zone between geological formations within folded and faulted sediments, which also merit follow-up exploration.

    In the process of carrying out the sampling programs at the Yarrol Project, EMX geologists also noted boulders of dark manganiferous material in several drainages in the northern part of the exploration license. The boulders were traced back to an outcropping stratigraphic horizon of dark, manganiferous material that has the appearance of a conglomeratic unit.

    Nine rock chip samples collected from various boulders, float materials and outcrop exposures averaged 1.1% cobalt, 0.15 % nickel and 10.0% manganese, with a high of 1.6% cobalt with 0.25% nickel. EMX considers this to be a significant discovery of additional mineral potential on the Yarrol Project, as previous efforts had strictly focused on Yarrol's intrusion-related gold mineralization. Additional sampling programs are underway to better quantify the extent of this unit and its degrees of enrichment in cobalt, nickel and manganese. Barium is also enriched in this material, with eight of the nine samples submitted for analysis exceeding the upper analytical limit of 1% barium.

    Upcoming Exploration Plans. Additional geochemical sampling programs will be carried out at both the Mt Steadman and Yarrol projects in the coming months with the goal of extending the soil anomalies and identifying additional drill targets. Drill programs are being planned for mid-2022.

    EMX's Australian Royalty Generation Program. EMX maintains an active royalty generation program and continues to review new project opportunities throughout Australia. The Company currently holds two royalty projects in Australia (Koonenberry and Queensland Gold) and has three exploration projects in Queensland that are available for partnership. More information on these projects can be found on the EMX website ( www.EMXroyalty.com).

    Comments on Sampling, Assaying, and Nearby Mines and Deposits. EMX's exploration samples were collected in accordance with industry standard best practices. EMX conducts routine QA/QC analysis on its exploration samples, including the utilization of certified reference materials, blanks, and duplicate samples. All samples were submitted to ALS Brisbane for sample preparation and analysis (ISO 9001:2000 and 17025:2005 accredited).

    The soil samples were analyzed using the AuME-TL-44 method which is a trace level gold and multi-element technique consisting of an aqua-regia digest and an ICP-MS finish.

    The rock chip samples were analyzed with a four-acid super trace technique (ME-MS61) with an ICP-MS finish. The rock chip samples were also analyzed with a lithium borate fusion prior to acid dissolution (three-acid) and an ICP-MS finish (ME-MS81). Over limit cobalt and manganese samples were analyzed by a HF-HN03-HCL04 digest, HCL leach and ICP-AES (OG62) finish.

    The nearby mines and deposits discussed in this news release provide context for EMX's properties, which occur in a similar geologic setting, but this is not necessarily indicative that the properties host similar mineralization.

    Dr. Eric P. Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

    About EMX. EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt Exchange under the symbol "6E9." Please see www.EMXroyalty.com for more information.

    For further information contact:

    David M. Cole
    President and Chief Executive Officer
    Phone: (303) 973-8585
    Dave@emxroyalty.com

    Scott Close
    Director of Investor Relations
    Phone: (303) 973-8585
    SClose@emxroyalty.com

    Isabel Belger
    Investor Relations (Europe)
    Phone: +49 178 4909039
    IBelger@EMXroyalty.com

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

    Forward-Looking Statements

    This news release may contain "forward-looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

    Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended September 30, 2021 and the year ended December 31, 2020 (the "MD&A"), and the most recently filed Revised Annual Information Form (the "AIF") for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.





    Figure 1. Location map for the Yarrol and Mt Steadman projects.

    To view an enhanced version of Figure 1, please visit:
    orders.newsfilecorp.com

    The summary of historical production at Mt Rawdon is from the Evolution Mining website: newsfilecorp.com (2020).

    The summary of historic production at Mt Morgan is cited from Mt. Morgan: A. Taube; The Mount Morgan gold-copper mine and environment, Queensland; a volcanogenic massive sulfide deposit associated with penecontemporaneous faulting. Economic Geology; 81 (6): 1322-1340.



    Figure 2. 2021 Soil Results from the Mt Steadman Project.

    To view an enhanced version of Figure 2, please visit:
    orders.newsfilecorp.com



    Figure 3. 2021 Soil Results from the Yarrol Project.

    To view an enhanced version of Figure 3 please visit:
    orders.newsfilecorp.com

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162560)1/4/2022 5:24:39 PM
    From: LoneClone
       of 169762
     
    Rise Gold Reports Favorable Draft Environmental Impact Report for Idaho-Maryland Project

  • Independent Report by Nevada County concludes no significant air, biologic, water, vibration or noise impacts from the project
  • Report represents major milestone towards approval to re-open Idaho-Maryland Mine
  • Strong local support: majority of residents support the mine re-opening


  • newsfilecorp.com

    Grass Valley, California--(Newsfile Corp. - January 4, 2022) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") is pleased to announce that the Nevada County government has released a much anticipated and highly favorable Draft Environmental Impact Report (the "DEIR") for the Idaho-Maryland Mine Project (the "IMM Project"). The report's release represents a major milestone toward the approval of the Company's Use Permit application to reopen the historic past-producing Idaho-Maryland Gold Mine.

    The independently prepared DEIR is the culmination of two years of intensive study by the Nevada County government with the support of its consultant Raney Planning & Management Inc., an experienced firm located in Sacramento[1], and contributions from many qualified technical experts and scientists. The DEIR concludes that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibrations, or noise from operations from the proposed re-opening of the Idaho-Maryland mine.

    The DEIR found only three significant unavoidable impacts from the project:

  • Temporary construction noise from the installation of a water pipeline
  • Addition of traffic to an intersection currently operating at an unacceptable level of service[2]
  • Aesthetics due to noticeable changes to the existing visual character of the project sites


  • The Company believes that the project's substantial economic and community benefits significantly outweigh the three unavoidable impacts identified in the DEIR.

  • Construction noise from the installation of the water pipeline is a temporary daytime activity and is exempt from Nevada County's noise regulations. The pipeline's installation will provide a reliable water source and increased fire protection to 30 properties in the East Bennett area. Construction in public roadways is a common and necessary activity.
  • The traffic intersection at Brunswick Road and Highway 174 currently operates at an unacceptable level of service and is not included in a government traffic improvement program. Any addition of traffic would be considered a significant and unavoidable impact. The Company will pay its fair share contribution to improve this intersection which will reduce costs to the county when it decides to include the intersection in its traffic improvement program.
  • The County's DEIR determined that the aesthetics impact to the two sites would be significant and unavoidable due to noticeable changes to the existing visual character of the project sites. Attractive modern buildings are proposed at the Brunswick site and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations. The Company believes that the creation of usable flat land at the Centennial site greatly outweighs any negative aesthetic impact from the placement of engineered fill.


  • Preparation of the DEIR, in accordance with the California Environmental Quality Act ("CEQA"), is a major approval process milestone. A general outline of remaining milestones in the Use Permit process are as follows:

    1. Draft Environmental Impact Report public comment period of 60 days;
    2. After review of the public comments on the DEIR, Nevada County publishes a Final Environmental Impact Report (the "FEIR") which will include responses to public comments;
    3. The Nevada County Planning Commission holds a public hearing to consider the FEIR and makes a recommendation on project approval to the Nevada County Board of Supervisors;
    4. The Board of Supervisors holds a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.
    The timeline to complete the Use Permit process is largely dependant on the Nevada County government. The most recent mining related EIR process completed in 2019 by Nevada County was the Boca Quarry Expansion. In that case, the Nevada County Board of Supervisors approved the project approximately five months from the release of the DEIR. Based on this recent precedent, the Use Permit process for the IMM Project could be completed by June of 2022.

    The Nevada County Board of Supervisors have approved three mining projects in recent years. The Boca Quarry Expansion, a surface aggregate mine with production up to 1 million tons per year, was approved in 2019. The Greenhorn Creek Mining Expansion, a surface aggregate mine with production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with production of up to 400,000 tons per year, was approved in 2015.

    A recent survey of Nevada County conducted by J. Wallin Opinion Research demonstrates strong local support for the IMM Project. A majority (59%) of respondents supported the re-opening of the Idaho-Maryland Mine with only 34% of respondents opposed. Majority support for the project is consistent across all the county's five districts.

    A summary of the Nevada County DEIR for the Idaho-Maryland Mine Project is provided in Table 1 and the entire document is available on the Nevada County website.

    TABLE 1 - Summary of IMM Project DEIR

    SubjectPotential
    Impacts
    Mitigation Measures
    Aesthetics
    AestheticsSignificant and Unavoidable

    The project would result in noticeable changes to the existing visual character of the project sites.
    Applicant must submit a Final Landscape Plan prepared by a licensed professional for review and approval by the Nevada County Planning department. Plan must include larger (24 gallon) tree plantings for screening purposes.
    Light or GlareLess than significant

    Pole and building mounted exterior LED lighting at the Brunswick Industrial Site is fully shielded and "dark-sky approved". Photometric model shows no illumination from lighting beyond property boundary.
    None Required
    Agricultural and Forestry Resources
    AgricultureNo Impact None Required
    Timberland Less than significant None Required
    Air Quality
    Greenhouse Gas Emissions - ConstructionLess than significant after mitigation

    The project would exceed threshold of 1,100 tonnes CO2 during construction activities
    Applicant would maintain equipment in accordance with manufacturers specifications, employ the use of alterative fueled construction equipment where feasible, provide onsite utility electricity hookups, encourage use of carpools or other methods to reduce construction worker commutes, use locally sourced or recycled material with goal of 20% based on cost of building materials and volume for paving materials, minimize concrete use for paved surfaces or utilize low carbon concrete.

    Purchase carbon offsets for CO2 emission of 2,664 tons above the threshold prior to issuance of grading permits.
    Greenhouse Gas Emissions - OperationsLess than significant

    The project would not exceed threshold of 10,000 tonnes CO2 per year during operations.
    None Required
    OdorsLess than significant

    The project would not result in odors that would adversely affect the public
    None Required
    Air Emissions Less than significant after mitigation

    Estimated emissions of ROG, NOx, & PM10 are all below significance threshold level C of the local air quality district.
    Use of alternatives to open burning of vegetation, grid power shall be used where feasible, and temporary traffic control during construction to improve traffic flow. Activities scheduled to direct traffic to off-peak hours when practical. Diesel engines over 50 hp to be certified Tier 4F engines when commercially available.
    Human HealthLess than significant after mitigation

    Health risk assessment, using extremely conservative thresholds of the local air quality district, shows that the project effect on human health is less than significant.
    Asbestos dust mitigation plan required. Plan requires dust control measures on grinding mills, crushers, conveyors and transfer points. Dust mitigation plan required including removal of track-out material from vehicles, tire washing of earthwork vehicles exiting site, wetting or covering active storage piles, onsite speed limit of 15 mph on unpaved surfaces, watering as necessary to prevent visible dust emissions from leaving property boundary.
    Biological Resources
    Special Status PlantsLess than significant after mitigation

    Pine Hill Flannelbush located on Centennial Industrial Site.
    Preservation of majority of Pine Hill Flannelbush plants and conservation easement over area of plant preservation.

    Compensatory mitigation of disturbed plants to ensure no net loss.
    Special Status WildlifeLess than significant after mitigation

    No Special-Status Wildlife observed in field studies.
    Pre-construction surveys for bat roosting, coast horned lizard, yellow and red-legged frog, western pond turtle, California black rail, and nesting raptors.
    WetlandsLess than significant after mitigation

    ~0.57 acres of wetlands to be filled by construction at Brunswick Site.
    Compensatory mitigation of permanent wetlands impact to ensure no net loss.
    Stream & Riparian ZonesLess than significant after mitigation

    ~0.11 acres of permanent impacts for construction and installation of storm water system.

    Temporary impacts to install discharge pipe and culverts.

    No biological impact from discharge of treated water to South Fork Wolf Creek.
    Compensatory mitigation of permanent stream impact to ensure no net loss.
    Management plans for work within 100 ft non-disturbance buffer zone.
    Cultural Resources
    Cultural ResourcesLess than significant after mitigation

    Underground mine workings are contributing elements of the Idaho-Maryland Mine Historic District.
    Rise to share historic documentation with the public. Sharing will consist of providing GIS output and copies of historic diagrams with California State Library, California Geology and Mining Library, or the Searls Library.

    Following initial mine dewatering and prior to commencement of mining, a qualified historian will perform a historical study of accessible underground mine workings. The study would be provided to the library selected.

    If archaeological resources are discovered during construction or mining, activities within 200 feet would be halted, the county will be notified, and an archaeologist will investigate and provide recommendations for further evaluation and treatment. Work would recommence after authorization of the Nevada County Planning Department.
    Geology and Soils
    Geotechnical Less than significant after mitigation

    Removal and replacement of sawdust in portion of berm of existing clay-lined pond at Brunswick site. Installation of geomembrane over existing clay liner.

    Existing 48-inch culvert running underneath Brunswick site is near the end of its life and will be replaced.

    Rock and sand tailings produced by mine will meet the geotechnical criteria for structural fill. Engineered fill to be composed of 100% sand tailings or up to 2-parts rock to 1-part sand tailings.

    Risk of seismically induced hazards are remote (negligible).
    Submission of engineered final grading plans which incorporate recommendation from submitted geotechnical reports and best management practices from submitted management plans.

    Closure of historic East Eureka and Idaho Shafts prior to mine dewatering.

    Submission of a final onsite sewage disposal design report.
    Hazards & Hazardous Materials
    Use of Hazardous MaterialsLess than significant after mitigation

    All explosives will be stored and used underground. Explosive's storage, transport, and use are heavily regulated and have an extremely safe track record.
    The mine operator and its contractors and suppliers will comply with all applicable regulations governing the transport storage and use of explosives. A risk assessment and hazardous materials business plan will be prepared before the storage of explosives underground.

    The mine operator will prepare a Hazardous Materials Business Plan which will be approved by the County prior to use or storage of hazardous materials onsite.
    Release of Hazardous Materials Less than significant after mitigation

    Extensive mining and saw milling activities have taken place historically at the Brunswick Industrial Site.
    A portion of existing mine waste under paving shall not be removed from the site without approval from state agencies RWQCB or DTSC and specific handling procedures will be developed by a Certified Industrial Hygienist before excavation.

    If unidentified contaminated soil is encountered during construction work shall stop and a qualified professional will investigate and prepare a report for remediation. Work shall not recommence in contaminated area until necessary remediation is complete and approved by the Nevada County Planning Department.

    Prior to commencement of construction all existing wells onsite will be identified. Any identified wells will be properly closed prior to disturbance within 50 feet distance.
    Hydrology and Water Quality
    Geochemistry - Engineered FillLess than significant after mitigation

    Use of barren rock and sand tailings produced by mine as engineered fill.

    Sand tailings are environmentally benign.
    Mineral process plant removes +93% of sulphide sulphur from sand tailings. Geochemical test work shows sand tailings have minimal metal content, similar to average crustal abundance. Leachate samples from waste extraction tests (WET-DI) show metal content less than all California regulatory thresholds.
    Sand tailings are shown to be net-acid neutralizing with neutralizing potential ranging from 100-159 times acid potential.

    Barren rock is environmentally benign.
    Geochemical test work shows barren rock to have minimal metal content. Leachate samples from 96% of barren rock mined from waste extraction tests (WET-DI) show metal content less than all California regulatory thresholds.
    Barren rock samples are shown to be net-acid neutralizing with neutralizing potential ranging from 7 -107 times acid potential.
    Approval of a Report of Waste Discharge prior to placement of engineered fill from the California State Water Resources Control Board.
    Geochemistry - Cemented Paste BackfillLess than significant after mitigation

    Use of cemented sand tailings produced by mine as underground backfill.

    The use of cemented paste backfill is an environmentally favorable disposal alternate for tailings as it significantly limits solute release, eliminates bleed water from placed backfill, and reduces the surface footprint of the mine.
    Approval of a Report of Waste Discharge prior to placement of backfill from the California State Water Resources Control Board. Strength, rheological, and geochemical testing of cemented paste backfill mixture to be completed.
    Surface Water Quality Less than significant after mitigation

    Discharge of treated groundwater from underground mine to South Fork Wolf Creek.

    Water treatment plant using conventional methods validated over years of application in facilities worldwide.

    Treatment of mine water to standards of California Regional Water Quality Control Board Limited Threat General Order R5-2016-0076 (NPDES No. CAG995002). Water temperature, pH, and dissolved oxygen to be maintained within limits of General Permit.

    Mineral process plant to run on a closed water circuit.
    Approval of Notice of Intent for coverage under Limited Threat General Order R5-2016-0076 (NPDES No. CAG995002) prior to discharge from the California State Water Resources Control Board.

    Approval of a Report of Waste Discharge prior to discharge from the California State Water Resources Control Board for use of water treatment pond. An upgrade to the existing clay liner to a synthetic liner will be required.

    Approval of Notice of Intent for coverage under the Industrial General Permit for the Brunswick Industrial Site prior to commencement of operations from the California State Water Resources Control Board.
    Groundwater DrawdownLess than significant after mitigation

    Itasca Denver prepared a sophisticated groundwater model and simulation which was calibrated with historic groundwater inflows. EMKO Environmental prepared analytic solutions to confirm results and determine potential effects on domestic water wells.

    One domestic water well located above the historic mine workings could be impacted, with an ~40% reduction in the well water column, due to the groundwater drawdown from dewatering of the mine. With the assumption of a 100% safety factor, an additional six domestic water wells could be impacted, with a reduction in the well's water column of ~7% - 12% . All potentially impacted wells are located in the E. Bennett Road area. Domestic water wells outside this area will not be impacted.

    No significant effects to surface water flow in streams are anticipated.
    Monitoring wells will be constructed and well-level monitoring data will be collected for 12 months prior to commencement of dewatering.

    Hydrologic data will be collected according to project stages. Prior to dewatering, monitoring wells and piezometers would be installed to measure water levels. The Itasca groundwater model would be updated periodically after dewatering commences to incorporate changes to the long-term mining plan, data from monitoring wells, and measured pumping rates.

    Rise will construct an extension to the Nevada Irrigation District (NID) potable water line along East Bennett Rd. to connect 30 properties to the NID system prior to dewatering. Construction costs and NID capacity charges would be fully funded by Rise. Property owners would be allowed to continue using their domestic wells in addition to the NID potable water supply. NID water charges would be paid by Rise until the property is sold by the owner or annexed in the City of Grass Valley.
    Storms & FloodingLess than significant after mitigation

    Storm water detention ponds will be constructed at both the Brunswick and Centennial sites.

    Post project storm-water discharge from both the Centennial and Brunswick Sites, including, in the case of the Brunswick Site, the treated mine water discharge of 5.6 cfs will be equal to or less than the estimated pre-project storm-water discharge levels. Therefore, with the construction of the storm-water detention ponds, the project will have no impact or increase of flows in creeks during storm events.

    No work is proposed within a floodplain but is within 100 feet of a floodplain at the Centennial site.
    A final drainage design and report will be completed by a qualified professional before approval of grading and building permits.

    Grading and land disturbance within the 100-year floodplain shall be avoided and proposed designs for the Centennial site shall be followed.
    Channel GeomorphologyLess than significant

    Field sampling and calculations indicate that increasing the base flow of South Fork Wolf Creek by the discharge of treated mine water (maximum 5.6 cfs) will have no significant impact on erosion or sedimentation to the creek.
    None Required.
    Land Use and Population and Housing
    Nevada County General PlanLess than significant

    The project is consistent with the Nevada County General Plan goals, objectives, and policies.
    None Required.
    Nevada County Zoning CodeLess than significant

    Subsurface mining is allowed in all base districts, surface access to subsurface mining is allowed in the M1 base district (Sec. L-II 3.21) and surface mining is allowed in the M1 district (Sec. L-II 3.22).

    The Brunswick Industrial Site will be rezoned from M1-SP to M1-ME.

    A variance for buildings heights exceeding 45 ft will be required for the headframes and process plant building.

    Boundary line adjustments will be required for three parcels of the Brunswick Industrial Site so that parcel lines do not cross proposed buildings.
    None Required.
    Population and HousingLess than significant None Required.
    Noise and Vibration
    Noise - ConstructionSignificant and Unavoidable

    Construction noise is exempt from Nevada County noise regulations. However, noise from construction of the NID potable water line extension is considered significant and unavoidable under CEQA criteria.

    All other construction noise is less than significant.
    Annotations will be added to improvement plans for the potable water line along E. Bennett Road requiring advance notification of construction dates to nearby residents, utilization of the quietest equipment capable of performing required construction, locating staging areas distant from residences, and shielding air compressors and portable generators.
    Noise - OperationsLess than significant after mitigation

    Consultant collected ambient noise and vibration levels at representative sensitive receptors and modelled noise from the project elements including machinery and truck traffic.
    Use of jake brakes by trucks will be prohibited.

    All on-site mobile equipment will be fitted with broad-band "growler" type back-up warning devices rather than conventional "beeper" devices.

    A noise monitoring program will be implemented to ensure compliance with regulations.
    Blasting VibrationsLess than significant after mitigation

    The majority of planned mining is greater than 1000 feet from surface. The anticipated impact from drilling and blasting surrounding the proposed mine is negligible.
    A monitoring program will be implemented to establish background levels, record ground vibrations, and model ground vibration.
    Drilling VibrationsNo Impact

    The community will experience no ground vibration from the drilling activities at the mine. The drilling produces no longstanding ground vibration and has no effect a few feet from the hole being drilled.
    None Required.
    Public Services and Utilities
    Fire, Police, and other government services.Less than significant

    No new fire, police, parks, waste, or other government facilities are required.
    None Required.
    Water SupplyLess than significant

    There is sufficient water supply available to serve the project in normal, dry, and multiple dry years.
    None Required.
    Electrical SupplyLess than significant

    There is sufficient electricity supply available from PG&E to serve the project.
    None Required.
    Transportation and Traffic
    Traffic IntersectionsSignificant and Unavoidable

    The majority of traffic from the project is scheduled during off peak hours.

    One intersection at Brunswick Road and highway SR 174 is currently operating at a level of service E. The project would add 10 additional vehicles to this intersection during the 3:30 - 4:30 PM time period. This intersection is not currently identified in a traffic improvement program and therefore the impact to this intersection is considered significant and unavoidable despite the payment of a fair share for the installation of a traffic light.

    Traffic delay shall not be considered a significant impact on the environment in recent changes to CEQA. However, the addition of additional vehicles to intersections currently operating at an unacceptable level of service is considered an impact due to the policies of Nevada County.
    Rise will enter into a Traffic Mitigation Agreement with Nevada county regarding the Brunswick Road / SR174 intersection which will require the payment of a fair share of 14.9% towards the improvement of this intersection. Rise estimates this fair share to be approximately $67,000.

    Rise will pay a fair share payment of 8.5% to the City of Grass Valley for the future retiming of traffic lights at Brunswick Road and Sutton Way. Rise estimates this fair share payment to be negligible.

    Rise will pay the Western Nevada County Regional Transportation Mitigation Fee, Nevada County Local Traffic Mitigation Fee, and Grass Valley Traffic Impact Fee, based on the square footage of buildings constructed.
    Road ImprovementsLess than significant after mitigation

    Truck traffic will utilize Brunswick Road, a minor arterial road, to access State Highway 20/49. Engineered fill trucks would use Whispering Pines Drive from Brunswick Road to access the Centennial site.

    Employees would enter and exit the site from the main gate on Brunswick Road.

    Trucks would enter the site from the main gate on Brunswick Road and exit the site from the gate on E. Bennett Road. Exiting trucks would turn right on E. Bennett Road to the 4-way intersection at E. Bennett, Brunswick, and Greenhorn Roads.
    A construction signing and traffic control plan will be prepared and approved by Nevada County prior to the commencement of construction.

    A road maintenance agreement will be negotiated between Rise and Nevada County and the City of Grass Valley to provide the project fair share of funding for maintenance of a portion of E. Bennett Road and Brunswick Road where truck traffic may impact pavement conditions.

    The driveway at the E. Bennett Road gate from the Brunswick site will be widened to allow right hand turning of trucks exiting the property.

    A left-hand turn lane will be constructed on Whispering Pines Lane for queuing of trucks turning into the Centennial site.

    Two traffic signs will be installed on Brunswick Road.

    Any landscaping or vegetation over 2 feet in height inside the sight line from the project driveway to Brunswick Road will be removed.
    Vehicle Miles TravelledLess than significant

    The daily vehicle miles travelled per employee of 13.9 daily VMT per employee is less than the Nevada County threshold of 15.9 for the Grass Valley subarea.
    None required.
    Wildfire
    Emergency EvacuationLess than significant

    The project will not impair an adopted emergency response or evacuation plan.
    None required.
    Wildfire RiskLess than significant after mitigation A comprehensive Vegetation Management Plan will be submitted for review and approval by the Nevada County Fire Marshall Office before construction commences.


    Project Design

    The Idaho-Maryland Mine is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955.

    The Idaho-Maryland Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with an average mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

    The Company has recently completed 67,500 feet (20,600 meters) of exploration core drilling at the IMM Project. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths significantly below historic mining areas.

    The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the underground workings. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. Processing equipment and operations would be fully enclosed in attractive modern buildings and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations.

    The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County.

    A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

    Approximately 300 employees would be required when the mine reaches full production, the majority of which will be drawn from the local Nevada County population.

    The Company believes the drilling program has been successful but cautions investors no current mineral resources or mineral reserves have been defined. The Company's submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no Technical Report has been filed to support that this rate of production will be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IMM Project. The Company has not made a production decision for the IMM Project.

    About Rise Gold Corp.

    Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company's principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

    About Rise Grass Valley Inc.

    Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho-Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing the environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

    On behalf of the Board of Directors:

    Benjamin Mossman
    President, CEO and Director
    Rise Gold Corp.

    For further information, please contact:

    RISE GOLD CORP.
    Suite 215, 333 Crown Point Circle
    Grass Valley, CA 95945
    T: 530.433.0188
    info@risegoldcorp.com
    www.risegoldcorp.com

    The CSE has not reviewed, approved or disapproved the contents of this news release.

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur.

    Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

    [1] Raney has completed over 1,000 CEQA, NEPA, and planning-related projects, ranging from unique and complex projects necessitating the management of multi-disciplinary team of experts to publicly controversial projects requiring involvement and coordination of project stakeholders and concerned citizens.

    [2] Intersection at Brunswick Road and highway SR 174. The project would add ~10 additional vehicles to ~1015 vehicles currently traveling through this intersection during the 3:30 - 4:30 PM time period.

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162561)1/4/2022 5:26:11 PM
    From: LoneClone
       of 169762
     
    Dynasty Reports NI 43-101 Compliant Gold Resource for Thundercloud

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 4, 2022) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce that it has received an independent mineral resource estimate report prepared in accordance with National Instrument Resource Estimate Disclosure for Mineral Projects ("NI 43-101"). The report estimates an Inferred Resource of 182,000 ounces gold and is confined to the Pelham Zone in the northern part of the Thundercloud gold project located approximately 47 km southwest of Dryden, Ontario.

    The NI 43-101 report was prepared by Fladgate Exploration Consulting Corporation ("Fladgate") for Dynasty based on 66 core holes totaling 12,093 meters of historic drilling within the Thundercloud database. However, approximately twenty (20) drill holes from the 1988 drill campaign were not included because the drill data could not be located. This unavailable drill data represents approximately 30% of the total drilling in the Pelham Zone that constitutes less than ten percent (10%) of the total area of the property.

    Cut-off gradeTonnesAu (g/t)Au (Ozs)
    0.454,140,0001.37182,000


    "We are encouraged by this resource estimate even though 30% of the drill data was not located at this time," states Ivy Chong. "The current mineral resource model allows us to focus on identifying specific targets to drill to potentially expand and increase the resource size. Planning to drill is underway. We will also look for the remaining 30% drill data to incorporate in any future resource estimate."

    About the Pelham Gold Resource

    The Pelham Resource of gold mineralization as presented by Fladgate is a gold vein deposit in a fractionated gabbro. Exploration in the Pelham Zone has been completed to a relatively advanced stage. The gold mineralization in the Pelham area displays relatively good continuity, allowing an estimate of the mineral resource. The gold mineralization exhibits a very strong lithologic (gabbro-sediment contact) and structural controls. Gold is present in a variety of styles including: veinlets, clots, and disseminated sulphides.

    Most of the drill data used to support mineral resource calculation in the Pelham Resource was from drilling carried out by Teck Resources Limited ("Teck") and Laurentian Goldfields in 2007 to 2011. Their drill holes intercepted mineralization at depths of up to 350 m below surface. Gold mineralization has been defined along a strike length of 430 m and 150 m down-dip. The mineralization trends ENE along an azimuth of 075°, dips at 50° to the north and plunges gently at 25° to the ENE.

    Mineral resource estimation is well-constrained by three-dimensional wireframes representing geologically realistic volumes of mineralization. It is reported using economic and technical criteria such that the mineral resource has reasonable prospects of economic extraction by applying preliminary economics for potential open pit mining methods but it does not represent an economic analysis of the deposit. Grade estimation has been performed using an interpolation plan designed to minimize bias in the average grade and to provide grade estimates with a variance approximating those predicted from the variograms models and using a selective mining unit (SMU) of 5 m x 5 m x 5 m.

    Mineral Resources for the Project was classified under the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves by application of a cut-off grade of 0.45 g/t Au that incorporated mining and metallurgical recovery parameters. Mineral Resources are constrained to a pit shell based on commodity prices, metallurgical recoveries and operating costs.

    Fladgate Recommendations

    Fladgate concludes that further work at Pelham is warranted to detail identified higher grade areas therein and to explore for additional potential parallel zones of mineralization in the hangingwall and footwall of the known mineralization. Fladgate confined its comments to the Pelham Resource as known. For more details, please refer to the Thundercloud NI 43-101 Technical report filed on SEDAR.

    Thundercloud Mining Infrastructure and Environment

    The property can be accessed by the TransCanada highway (Highway 17) approximately 350 km both ways from Winnipeg airport in Manitoba to the west and Thunder Bay, Ontario to the east, then by following an 11 km logging road leading to the east entry of the property.

    The main trans-continental Canadian Pacific Rail Line is 55 km north of the property. Most supplies and services and accommodation are available in Dryden or along Highway 17. Local experienced contractors are readily available. Exploration work can be done for most of the year, at least to the onset of the winter. Drilling, however, can occur all year round. Power is available along the TransCanada Highway and adequate water for drilling is available on the property. There are a number of large operating gold mines in the area as well as several advance-stage developing gold projects.

    Outside the Pelham Zone

    Only limited scattered exploration work has been carried out on the other 90% of the Thundercloud property. Work by Teck Resources Limited ("Teck") in 2007 and 2008 confirmed that mineralization extends south of the Pelham Zone along the west edge of the QFP and reaches the West Contact Zone. Previous geochem data returned anomalous gold values in the eastern and southern parts of the property that need to be followed up. Gabbro hosts the gold mineralization in the explored part of the Pelham deposit, and similar appearing mineralization was also discovered in other parts of the property, but no drilling has followed as yet.

    Richard Redfern, a "qualified person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties, has read the NI 43-101 report and reviewed the technical content contained in this news release.

    About the Thundercloud Property

    The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt in Western Ontario. The geological setting is comparable to the Abitibi belt in Eastern Ontario but is much less explored. The belt contains numerous gold showings and several high-grade past mined deposits. In recent years, close to 30 M oz of gold have been mined and discovered.

    About Dynasty Gold Corp.

    Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in a greenstone belt in Ontario and in the Midas gold camp in Nevada. In addition currently, Dynasty owns a 70% interest in the Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, and is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd. For more information, please visit the Company's website www.dynastygoldcorp.com.

    ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

    "Ivy Chong"

    _________________________________
    Ivy Chong, President & CEO

    For additional information please contact:
    Vancouver Office:
    Ivy Chong
    Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

    This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.









  • Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162562)1/4/2022 5:28:00 PM
    From: LoneClone
       of 169762
     
    Mexus Signs LOI for its Mabel Property; Gold Production Continues at its Santa Elena Mine

    accesswire.com

    Monday, January 3, 2022 6:00 AM

    CABORCA, MEXICO, ACCESSWIRE / January 3, 2022 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has signed a letter of intent with Irmex Mining, a Mexican Corporation, for its Mabel project located in Northern Mexico. The agreement will include cash and a 10% Net Profit Interest (NPI). The Mabel property consists of 8 concessions and totals 1,459 hectares. "We've been in discussions with Irmex for quite some time and are thrilled that they are now involved to move the Mabel property forward." added Mexus CEO, Paul Thompson.

    The company also announced that it is scheduled to ship activated carbon from production at its Santa Elena mine to a U.S. refiner during the first week of January. Leaching continues at the property with grades running from .39 oz to .72 oz Au with an average of .66 oz Au returning to the pregnant pond. Mexus' recent improvements of the leaching circuit should result in a steadier production schedule and increased recoveries.

    Mr. Thompson added, "The signing of an agreement for the Mabel property allows us to turn our focus to finding the right JV partner for the Santa Elena project and to confirm what is believed to be a potential 1,000,000 plus ounce gold resource. I wish everyone a Happy New Year and am excited for what 2022 holds for Mexus and its shareholders."

    About Mexus Gold US

    Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.

    For more information on Mexus Gold US, visit www.mexusgoldus.com.

    Mexus Gold US (775) 721-9960. Paul Thompson Sr

    Cautionary Statement

    Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

    SOURCE: Mexus Gold US

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162563)1/4/2022 5:30:09 PM
    From: LoneClone
       of 169762
     
    Scorpio Gold Reports Final Results from Phase I Exploration Drilling at the Manhattan Mine Property, Nevada

    accesswire.com

    Tuesday, January 4, 2022 7:00 AM

    VANCOUVER, BC / ACCESSWIRE / January 4, 2022 / Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSXV:SGN) is pleased to provide the final results of its surface RC drilling program at the Manhattan West and East pits at the recently acquired Kinross Manhattan Property in Manhattan, Nevada.

    Thirty-one holes (6907m) were completed in this Phase I program, including 19 holes in the West Pit area and 12 holes in the East Pit area (Figure 1). Assay results for 12 holes drilled in the West Pit and 5 holes in the East Pit area were reported in the Company's July 20, September 7, November 2 and December 9, 2021 news releases.

    Scorpio Gold's geological staff are in the process of compiling and reviewing the analytical and geological data in context with historical results to build a better understanding of the controls to mineralization and structural complexity of the East and West pit areas. Planning for a Phase II drilling program is in progress and will focus on defining the extent and continuity of the multiple mineralized zones intersected to date.

    Table 1: Manhattan Mine Drilling - Remaining Significant Results

    Hole ID

    Azm
    (deg)

    Dip
    (deg)

    From
    (ft)

    To
    (ft)

    Width
    (ft)

    Gold
    (oz/T)

    From
    (m)

    To
    (m)

    Width
    (m)

    Gold
    (g/t)

    West Pit Area
    MWRC21-010

    57.9

    -54.8

    515.0

    520.0

    5.0

    0.059

    157.1

    158.6

    1.5

    2.02

    545.0

    590.0

    45.0

    0.041

    166.2

    180.0

    13.7

    1.41

    Including

    580.0

    585.0

    5.0

    0.200

    176.9

    178.4

    1.5

    6.86

    MWRC21-011

    54.6

    -47.6

    25.0

    30.0

    5.0

    0.063

    7.6

    9.2

    1.5

    1.97

    420.0

    435.0

    15.0

    0.096

    128.1

    132.7

    4.6

    3.29

    MWRC21-012

    57.2

    -60.2

    175.0

    180.0

    5.0

    0.036

    53.4

    54.9

    1.5

    1.23

    270.0

    290.0

    20.0

    0.028

    82.4

    88.5

    6.1

    0.96

    330.0

    335.0

    5.0

    0.021

    100.7

    102.2

    1.5

    0.72

    480.0

    495.0

    15.0

    0.023

    146.4

    151.0

    4.6

    0.78

    MWRC21-013

    61.6

    -61.4

    570.0

    575.0

    5.0

    0.024

    173.9

    175.4

    1.5

    0.82

    MWRC21-014

    62.8

    -61.3

    565.0

    570.0

    5.0

    0.367

    172.3

    173.9

    1.5

    12.59

    935.0

    940.0

    5.0

    0.192

    285.2

    286.7

    1.5

    6.59

    1015.0

    1020.0

    5.0

    0.206

    309.6

    311.1

    1.5

    7.07

    MWRC21-015

    61.9

    -60.9

    No significant results

    MWRC21-016

    36.7

    -50.4

    10.0

    15.0

    5.0

    0.024

    3.1

    4.6

    1.5

    0.82

    45.0

    65.0

    20.0

    0.055

    13.7

    19.8

    6.1

    1.88

    145.0

    150.0

    5.0

    0.030

    44.2

    45.8

    1.5

    1.03

    165.0

    170.0

    5.0

    0.034

    50.3

    51.9

    1.5

    1.17

    205.0

    210.0

    5.0

    0.020

    62.5

    64.1

    1.5

    0.69

    220.0

    225.0

    5.0

    0.012

    67.1

    68.6

    1.5

    0.41

    805.0

    825.0

    20.0

    0.031

    245.5

    251.6

    6.1

    1.05




    85.0

    150.0

    65.0

    0.036

    25.9

    45.8

    19.8

    1.22

    530.0

    535.0

    5.0

    0.033

    161.7

    163.2

    1.5

    1.13

    East Pit Area
    MERC21-006

    302.7-45.7285.0

    290.0

    5.0

    0.020

    86.9

    88.5

    1.5

    0.69

    330.0

    335.0

    5.0

    0.054

    100.7

    102.2

    1.5

    1.85

    MERC21-007



    No significant results

    MERC21-008

    99.6-60.535.0

    75.0

    40.0

    0.038

    10.7

    22.9

    12.2

    1.31

    150.0

    160.0

    10.0

    0.033

    45.8

    48.8

    3.1

    1.13

    MERC21-009

    99.9-47.240.0

    45.0

    5.0

    0.115

    12.2

    13.7

    1.5

    3.93

    50.0

    70.0

    20.0

    0.017

    15.3

    21.4

    6.1

    0.59

    95.0

    105.0

    10.0

    0.008

    29.0

    32.0

    3.1

    0.26

    140.0

    150.0

    10.0

    0.028

    42.7

    45.8

    3.1

    0.94

    MERC21-010

    94.1-55.90.0

    10.0

    10.0

    0.034

    0.0

    3.1

    3.1

    1.15

    90.0

    105.0

    15.0

    0.018

    27.5

    32.0

    4.6

    0.61

    125.0

    135.0

    10.0

    0.040

    38.1

    41.2

    3.1

    1.35

    385.0

    390.0

    5.0

    0.049

    117.4

    119.0

    1.5

    1.68

    610.0

    645.0

    35.0

    0.043

    186.1

    196.7

    10.7

    1.47

    810.0

    815.0

    5.0

    0.029

    247.1

    248.6

    1.5

    0.99

    610.0

    645.0

    35.0

    0.043

    186.1

    196.7

    10.7

    1.47

    810.0

    815.0

    5.0

    0.029

    247.1

    248.6

    1.5

    0.99

    MERC21-011

    95.0-45.00.0

    25.0

    25.0

    0.013

    0.0

    7.6

    7.6

    0.45

    45.0

    65.0

    20.0

    0.264

    13.7

    19.8

    6.1

    9.05

    Including

    50.0

    55.0

    5.0

    0.827

    15.3

    16.8

    1.5

    28.37

    MERC21-011A

    82.9-45.50.0

    10.0

    10.0

    0.044

    0.0

    3.1

    3.1

    1.51

    80.0

    115.0

    35.0

    0.032

    24.4

    35.1

    10.7

    1.09


    Note: All holes presented in Table 1 were completed by reverse circulation (RC) drilling. Widths are presented as down hole core lengths; true widths are undefined at this time. Analytical results were performed by ALS Minerals Laboratory, in Reno, Nevada an ISO/IEC 17025:2005 accredited facility, utilizing fire assay with gravimetric finish analysis. Further details are presented in the Company's quality assurance and quality control program for the Goldwedge project available at: GW QAQC. The same protocols apply to the Manhattan project.

    Figure 1. Geological plan map of the West and East pits in the Manhattan Mine area

    About Scorpio Gold

    Scorpio Gold now holds a 100% interest in the consolidated Manhattan District in Nevada comprising the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and a 400 ton per day mill facility and a 100% interest of the Manhattan Property situated adjacent and proximal to the Goldwedge property.

    Scorpio Gold also holds 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada.

    The technical information contained within this release has been reviewed and approved by independent geological consultant, Mohan R Vulimiri, M.Sc., P.Geo., a Qualified Person as defined by NI 43-101.

    ON BEHALF OF THE BOARD
    SCORPIO GOLD CORPORATION

    Chris Zerga
    CEO & Director

    For further information contact:

    Chris Zerga, CEO & President
    Email: czerga@scorpiogold.com

    Diane Zerga, General Manager
    Tel: (775) 401-1637
    Email: dzerga@scorpiogold.com

    Website: www.scorpiogold.com

    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.

    The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration of its Manhattan Mine property. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including risks involved in mineral exploration programs and those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

    SOURCE: Scorpio Gold Corporation

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162564)1/4/2022 5:32:26 PM
    From: LoneClone
       of 169762
     
    EV Nickel announces continued High-Grade Nickel Intersections from Langmuir, completing the Phase 1 Drilling

    accesswire.com

    Tuesday, January 4, 2022 7:30 AM

    NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

    • The second half of the Phase 1 drill program on the Langmuir Nickel Project included:
      • EV21-09 intersects 15.7 metres grading 1.14% Ni on eastern margin of W4
      • EV21-01 intersection extended to 19.5 metres grading 0.96% Ni
    • These results now confirm nickel sulphide mineralization to the east and west of the W4 Zone
    • Phase 2 drilling starts now, on additional high priority targets, full details of the plan to be released next week
    TORONTO, ON / ACCESSWIRE / January 4, 2022 / EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to report the assay results for the full Phase 1 drill program on the Langmuir Nickel Project ("Langmuir" or the "Property"). Building off of the first half results shared in December (see December 8, 2021 News Release), Rogue continues to identify high-grade mineralization along trend of the W4 Zone.

    Phase 1 focussed within and proximal to the W4 Zone and was designed to test gaps within the historic drilling, provide representative intersections of the mineralization and test the favourable ultramafic horizon to the east and west of the W4 mineralization. Phase 1 totalled 20 holes, comprising 4,192 metres of diamond drilling.

    Hole EV21-09 intersected 15.7 metres grading 1.14% Ni starting at a drill depth of 123.30 metres, testing an area along the eastern boundary of the W4 Zone, outside of the previously identified nickel mineralization from the historic exploration. Hole EV21-09 represents a significant, near surface intercept demonstrating potential to expand the known mineralization along the edges and at depth in the W4 Zone.

    A short drill interval of nickel sulphide mineralization identified in EV21-14, approximately 85 metres west of the interpreted western boundary of the W4 Zone, indicates that the stratigraphic horizon hosting the W4 Zone continues to be a fertile geological sequence with the potential to host additional nickel sulphide mineralization. This favourable stratigraphic horizon will form a portion of the planned diamond drilling in the Phase 2 program.

    "The strong results of the Phase 1 drill program confirmed the potential of the Langmuir Project to host high grade, high nickel tenor, near surface nickel sulphide mineralization." states Paul Davis, EVNi's Vice President of Exploration. "The intersection of nickel sulphide mineralization to the west of the W4 Zone indicates that the komatiitic ultramafic sequence associated with the W4 Zone, both to the east and west of the observed mineralized zone, remains sulphide saturated with the potential to host additional nickel sulphide zones that will be explored during the Phase 2 drill program."

    "Our first priority at EV Nickel is finding more nickel at Langmuir and this confirmation of the mineralization to the east and west of W4 starts us down that path," said Sean Samson, President & CEO of EVNi.

    The complete results of the Phase 1 drill program are included in Table 1 (second half results in bold):

    Detailed location and depth details of the Phase 1 drill program are in Table 2 and are plotted on Figure 1.

    Upcoming Release of Drilling Information

    EVNI plans to provide the full details of the Phase 2 drilling plan next week.

    Assay QA/QC

    Drill core samples from the 2021 drill program at the Langmuir Project are cut and bagged at the core logging facility located near the property and transported to ALS Canada Ltd for analysis. Samples, along with certified standards and blanks that are included by the Company for quality assurance and quality control, were prepared and analyzed at the laboratory. Samples are crushed to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns. Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES finish. These and future assay results may vary from time to time due to re?analysis for quality assurance and quality control.

    About EV Nickel Inc.

    EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome and has identified 30km of additional favourable strike length.

    Qualified Person

    The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

    Cautionary Note Regarding the Langmuir project's 2010 historical estimate:

    Historical mineral resources for Langmuir were estimated by SRK Consulting (Canada) Inc., as documented in a report entitled, "Golden Chalice Resources Inc., Mineral Resource Evaluation, Langmuir W4 Project, Ontario, Canada", dated June 28, 2010 (the "Historical Report"). A qualified person, as defined by NI 43-101, has not done sufficient work to verify the historical assay results and technical information reported herein. The Company is not treating the Historical Report as current. The reader is cautioned not to rely upon any of the Historical Report, or the estimates therein. The historical estimates are presented herein as geological information only, as a guide to follow-up technical work, and for targeting of confirmation and exploration drilling.

    Cautionary Note Regarding Forward-Looking Statements:

    This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

    Contact Information
    For further information, visit www.evnickel.com

    Or contact: Sean Samson, Chief Executive Officer at info@evnickel.com.
    EV Nickel Inc.
    200 - 150 King St. W,
    Toronto, ON M5H 1J9 www.evnickel.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 of this release.

    SOURCE: EV Nickel Inc.


    Related Documents:

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162565)1/4/2022 5:35:14 PM
    From: LoneClone
       of 169762
     
    Fortitude Gold Submits Golden Mile Project Plan of Operations

    accesswire.com

    Tuesday, January 4, 2022 3:00 PM

    COLORADO SPRINGS, CO / ACCESSWIRE / January 4, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") announced it has filed a Plan of Operations with the Bureau of Land Management ("BLM") for the Golden Mile project located in Mineral County, Nevada, U.S.A. Proposed operations at Golden Mile include an open pit mine and heap leach process taking gold to the carbon phase, after which processing the loaded carbon into gold doré utilizing the nearby Isabella Pearl ADR plant. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. focused on shareholder dividends.

    Fortitude Gold released an initial resource for its Golden Mile property in November 2021, which included a mineral resource of 78,500 gold ounces at a 1.13 grams per tonne grade in the indicated category, and 84,500 gold ounces at a 1.10 grams per tonne grade in the inferred category. The current Golden Mile mineral resource is located on patented claims.

    Company management is moving towards a production decision based on this initial project resource and is currently finalizing estimates for project capital expenditures, sustaining project capital, as well as overall project economics. Though the mineralization remains open along both strike and depth for potential expansion with infill and step-out exploration drilling, management are evaluating a production decision independent of the mineral expansion potential. The Company targets an official board level production decision for Golden Mile in the first half of 2022 based off the project's initial resource.

    Mr. Jason Reid, Fortitude Gold's CEO and President, commented, "We are pleased and excited to have initiated the first step in the permitting process for our Golden Mile project. As we finalize estimates on project capital expenditures and economics, this recent filing of the Plan of Operations with the BLM continues to advance the project full steam towards a production decision. Filing the Plan of Operations keeps us on track for the potential building of this mine on an expedited basis assuming that our production decision is positive. The Plan of Operations is an important submittal which initiates the first part of a larger permitting process involving additional agencies. We are excited to be consistently moving closer to building our second plus one gram per tonne gold mine, on an accelerated basis, in Nevada, U.S.A."

    About the Golden Mile Project

    The Golden Mile property is located in the Bell Mining District, Mineral County, Nevada, approximately 36 kilometers (22 miles) east of the town of Luning, Nevada. Mineralization at the property is intrusion related, with primary gold and copper mineralization associated with skarn style replacement in carbonate units. Secondary mineralization is associated with structurally controlled stockwork and breccia zones. The Company envisions taking gold to the carbon stage at the Golden Mile project, then trucking the loaded carbon to the Isabella Pearl project's permitted and operating ADR plant for final doré production. This approach, coupled with the mineralization being located on patented land, could substantially decrease project capital costs, permit times and construction timeframes in potentially building the Golden Mile project.

    About Fortitude Gold Corp.:

    Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company's Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, with the Isabella Pearl gold mine in current production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

    Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements.

    Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause future actual results to differ materially from those expressed or implied by any forward-looking statements. Also, there can be no assurance that production will continue at any specific rate.

    Contact:

    Greg Patterson
    719-717-9825
    greg.patterson@fortitudegold.com
    www.Fortitudegold.com

    SOURCE: Fortitude Gold Corp.

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162549)1/4/2022 6:56:05 PM
    From: Valuepro
       of 169762
     
    Trash company. The only news there is the fact that they seem to have passed the archeological review. Then look at the intentionally added drama in the "throw away word", now, at the end of this sentence.

    "We continue to communicate with several interested parties that find our Red Rock gold prospect compelling now."

    Is it more "compelling" now because they may have no archeological issues?

    There are no professional miners or explorers as insiders here. Outside consultants are second tier, at best.

    Still, they have what may be a deep but very rich copper deposit. Sadly, the current team can't raise money to dill it, opting, instead to explore for a near surface gold deposit (and not finding much to go on).

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)


    To: LoneClone who wrote (162566)1/5/2022 12:55:37 PM
    From: LoneClone
       of 169762
     
    Altaley Year-End 2021 Shareholder Update

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Altaley Mining Corporation (TSXV: ATLY) (OTCQX: ATLYF) (FSE: TSGA) ("Altaley" or the "Company") is pleased to provide the following year-end update to shareholders and investors.

    2021 has been a year of excellent growth for Altaley Mining Corporation where our Company has seen steady construction progress at its Tahuehueto gold mine which will soon be entering into production and at the producing Campo Morado Mine, the operations team has made steady improvement to increase production and reduce operating costs resulting in increased revenues and mine operating profit throughout 2021.

    CAMPO MORADO OPERATIONS

    Campo Morado mine operational improvements have resulted in steady growth of revenues and decreasing All in Sustaining Costs ("AISC") and C1 Cash Costs quarter over quarter.

    Campo Morado continues to perform above expectations during Q4 2021 where between Oct 1 to December 31, 2021, the mine has processed 183,092 tonnes of mineralized material (Q3 2021 - 168,500 tonnes) producing 12,221 tonnes zinc concentrate (Q3 2021 10,800 tonnes) and 2,767 tonnes lead concentrate (Q3 - 2,700 tonnes). This Q4 2021 production is the highest production achieved at Campo Morado by Altaley since acquiring the mine in June 2017.



    Chart 1

    To view an enhanced version of Chart 1, please visit:
    orders.newsfilecorp.com

    Metal sale prices remain strong with Altaley average Q4 sale prices for zinc at US$2,972/tonne and for lead at US$2,352 per tonne, compared to Q3 2021 average realized prices of US $2,915 per tonne of zinc and US$2,193 per pound of lead.

    Campo Morado operations team have completed a five-year mine plan that includes mining the El Largo, Fish, G9 and Southwest zones. Dewatering operations on the G9 and Southwest zones is nearing completion with the zone expected to be fully dewatered by the end of January 2022.

    The mine plan is scheduling the commencement of copper concentrate production during Q2 2022 which will add another mine revenue stream.

    Metallurgical testing to identify pathways to increase base metal and precious metal recoveries at Campo Morado are ongoing.

  • Altaley is testing pneumatic flotation technologies with micro-fine grinding. This metallurgical program upon completion, will have tested three technologies, Imhoflot™, Jameson Cell and Woodgrove Direct Flotation Reactor (DFR®). The program is expected to be completed near the end of the first quarter of 2022.
  • Altaley will be conducting 2nd stage testing of both the AlbionTM Process and Leachox™ Process, both proven technologies for forced oxidation and leaching of precious metals. Both technologies have returned successful results in first phase testing at Campo Morado showing excellent potential to significantly increase both gold and silver recoveries.
  • Ongoing internal metallurgical testing continues at the Campo Morado laboratory and to date has successful shown the projects ability to recover copper in sufficient quantities to produce a salable copper concentrate and,
  • Campo Morado Laboratory testing has successfully produced lab scale precious metal rich pyrite concentrates, from both freshly processed mineralization as well as from historic tailings.
  • The ability to produce a precious metal rich pyrite concentrate, successfully obtained in recent internal laboratory testing at Campo Morado, is considered a significant and positive step towards the possibility of increasing precious metal recoveries as most of the unrecovered precious metals currently being rejected to the tailings are contained in pyrite. Only the pyrite concentrate would need to be oxidized through Albion or Leachox or other process, as opposed to the entire tailings. This could lead to substantially improved gold and silver recoveries while reducing operating and capital costs associated with the oxidation and leaching processes. Alternatively precious metal rich pyrite concentrate could be marketed for sale.

    A sampling program was designed and implemented to collect large representative samples from the historic Naranjo Bajo tailing storage facility. Testing plans for these tailings are to first test the ability to recover previously unrecovered base metal and precious metals with micro-fine grinding and pneumatic floatation and then to test the ability to produce a precious metal rich pyrite concentrate that might be sold or subjected to forced oxidation and leaching.

    Campo Morado purchased FLSmdth advanced process control system LoadIQ to better monitor and regulate SAG Mill ore-water feed and rotational speed, which equipment has been proven in other operations to increase average throughput and extend mill liner life. This equipment should be operational in February 2022 and management hopes to gain increased average daily production and reduce operating costs associated with the Sag Mill grinding.

    Local resident training for various mining skills continues at Campo Morado. Altaley encourages training and hiring of local resident personnel and is currently training 5 women in underground drilling techniques, 2 with long-hole drilling equipment and 3 with small diameter exploration core drilling. Local residents are also being trained in the operation of underground scoop-tram loader mucker equipment (Figure 1).

    On a community social basis, Campo Morado continues its program of ongoing support providing road improvements to nearby local communities (Figure 2) and recently provided equipment to dig and install a water well and septic field for the nearby rural federal primary school, Lazaro Cardenas in the San Miguelito community and retabulated, by smoothing and flattening, a sport playing field at Varal community (Figure 3).



    Figure 1 - Training Locals in Drilling Techniques

    To view an enhanced version of Figure 1, please visit:
    orders.newsfilecorp.com



    Figure 2 - Road Improvements for local community

    To view an enhanced version of Figure 2, please visit:
    orders.newsfilecorp.com



    Figure 3 - School and sport field improvements

    To view an enhanced version of Figure 3, please visit:
    orders.newsfilecorp.com

    TAHUEHUETO OPERATIONS

    Construction at the Tahuehueto Gold Mine has progressed very well since resumption of construction in mid-2021. Management predicted that construction would be nearing completion close to end of 2021. A year-end report from site indicates that the project is on budget and on time with operational testing being scheduled during late January 2022 and commencing ore milling and metal recovery during February 2022.

    Initial production is to commence using one ball mill with a rated capacity of approximately 500 tonnes per day, half of the mines' planned capacity. A second ball mill will be installed during Q2 2021 and when operational, ore throughput at the mine will increase to approximately 1,000 tonnes per day.

    Mine Planning & Underground Development

    Previous underground development had advanced to approximately 80% of required development to initiate ore production.

    New underground mine development was reinitiated during November 2021 with the arrival to site of the mining contractor MGA Contratista Minera S.A. de C.V. and is following a mine plan developed by consultants, Resource Development Associates Inc ("RDA"). RDA is currently finalizing an independent life of mine plan("LOM") which will be incorporated into an updated Pre-Feasibility Study ("PFS") for Tahuehueto. The economic results of the PFS are expected to be released publicly early January 2022 with a NI 43-101 compliant PFS report to be filed on SEDAR within 45 days of disclosure of the PFS economic results.

    Underground development and mine stope preparation has to date, produced approximately 18,000 tonnes of ore ready to feed the mill at commencement of production and with ongoing underground development during January, management expects that up to two months of ore will be stockpiled to feed the mill at start-up. Underground development will have provided access to numerous mining faces that will easily allow adequate mill ore feed to sustain continuous mining operations at the mines targeted capacity of 1,000 tonnes per day.

    03 de Mayo Vein Exploration Works .

    The mining contractor Copromig mobilized equipment early November to the 03 de Mayo underground exploration workings and is preparing the underground dewatering pumping station and the water that will be extracted is going to be delivered to the processing plant.



    Figure 4 - Water Management

    To view an enhanced version of Figure 4, please visit:
    orders.newsfilecorp.com

    The construction and installation of the 2.74 km, six-inch diameter steel waterline between 3 de Mayo and a water storage tanks is approximately 81% complete (Figure 4). Assembly of water storage tanks is advancing rapidly with completion estimated at approximately 85% for two tanks and the third tank at 50% completion. Water to supply the mill will be initially pumped into a water storage tank and then gravity fed to a freshwater storage tank at the mill processing facility. The third tank is for recovered processing water. All three water storage tanks are expected to be fully operational late-January and be ready for the mill entering initial production.

    PROCESSING PLANT

    Crushing

    Work on the crushing circuit is underway and estimated to be completed near the end of January 2022.

    Milling

    Work continues on the assembly of the ore bin, and ball mill is installed with mill precision alignment underway. It is estimated that the ball mill will be operational near the end of January 2022.

    Flotation

    The flotation circuit assemble is largely complete and initial testing with water has been successfully completed. This area will be fully operational by mid-January 2022.

    Concentrate Filtration

    Connection work continues with filter installation complete and concentrate filtration is estimated to fully operational by the third week of January 2022.

    Tailings Thickening, Filtration and Storage

    Preparation of the tailings' thickening area has been completed and installation of press filter equipment will be underway early January. Installation is targeted to be completed near the end of January.

    Work continues on the dry stack tailing storage facility and although not estimated to be fully completed until mid-late February, adequate tailings storage capacity is available for initial production.

    ELECTRICAL POWER GENERATION

    Diesel Generation

    Electrical power will be supplied by Aggreko North America initially, with diesel generators under an Aggreko build and operate business arrangement. All required generators have been delivered to Tahuehueto site, are mounted in place and operational. Final connection and power line installation for the plant is underway and estimated to be completed during January.

    Natural Gas Generation

    The project is waiting for the granting of permits for natural gas fired power generation. It is estimated that permits will be in place for gas-fired electricity generation during the second half of 2022, and at that time electrical power generation will be converted by Aggreko from diesel fuel generation to natural gas fueled power generation by swapping out power generation equipment.

    Altaley is pleased and excited to report that the Tahuehueto Mine construction is very near completion, and we anticipate entering a pre-production phase at half capacity during February 2022, producing and selling gold rich lead and zinc concentrates as the project initiates production and ramps up operations over the next several months with installation of a second ball mill to reach anticipated production at approximately 1,000 tonnes per day. Management hopes to be able to declare commercial production during the last half of 2022 as soon as the mine reaches a continuous state of production at 80% of management's expectations.

    Visit: www.altaleymining.com

    On behalf of Altaley Mining Corporation we wish all a very happy and prosperous new year.

    (signed) "Ralph Shearing" Ralph Shearing,
    President, CEO and Director

    Cautionary Note Regarding Production Decisions and Forward-Looking Statements

    It should be noted that Altaley declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Altaley's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic results from the Campo Morado mine and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision. Altaley has completed a preliminary economic assessment ("PEA") mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources (see News Release dated November 8, 2017, and April 4,2018).

    Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, the Lender's plans to acquire the Accendo Loan Facility out of liquidation and other possible events; conditions or financial performance that are based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties, such as production rates and increases; success of exploration, development and bulk sample processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified using words and phrases such as "plans," "expects," "scheduled," "estimates," "forecasts," "intends," "anticipates" or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the current exploration, development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto Project can be achieved; that recommencement of operations at Campo Morado will proceed as planned; the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

    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.

    For further information about Altaley Mining Corporation, please contact:
    Glen Sandwell
    Corporate Communications Manager
    ir@Altaleymining.com
    Tel: +1 (604) 684-8071

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)
    Previous 10 Next 10