| To: LoneClone who wrote (162592) | 1/5/2022 4:18:16 PM | | From: LoneClone | | | | Endurance Reports Surface Samples Between 7.01 GPT & 21.2 GPT Gold From Eagle South Doubling the Surface Extent of The Eagle Zone to 400 Metres
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Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Endurance Gold Corporation (TSXV: EDG) (the "Company") is pleased to report encouraging results of chip and grab samples from newly exposed outcrops at the Reliance Gold Property (the "Property") in southern British Columbia. The Property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.
As reported on October 28, 2021, construction of a new drill access road exposed quartz-stibnite-pyrite-arsenopyrite breccias and oxidized shearing within an area of structural deformation associated with the 300 metres ("m") long Eagle South gold-in-soil anomaly ("Eagle South"). Gold-pathfinder elements were identified in outcrop using a hand-portable XRF unit and a subset of samples were submitted for gold assay analysis. Assay results are reported herein where all five samples collected from Eagle South returned high-grade gold ranging from 7.01 grams per tonne ("gpt") to 21.20 gpt gold.
| Table 1 - Eagle South Soil Anomaly - Surface Rock Sample Results | | Bedrock Prospect | Gold Grade (gpt) | Sample ID | Description | | Eagle South (E5) | 21.20 | B838878 | Grab- Ultramafic at porphyry contact with scorodite after arsenopyrite | | Eagle South (E5) | 15.30 | B838879 | 0.5 m wide chip - hematite shearing | | Eagle South (E5) | 7.01 | B838880 | 1.8 m wide chip - hematite shearing | | Eagle South (E7) | 9.66 | B838875 | 2.5 m wide chip - hematite shearing | | Eagle South (E7) | 12.90 | B838876 | Grab - 0.5 m wide stibnite-arsenopyrite in quartz vein |
The surface exposure for the combined Eagle and Eagle South Zones has now been expanded to a 400 m strike length and up to 150 m in projected width to surface. The Eagle and Eagle South Zones together with the Upper Eagle gold-in-soil anomaly are still open to expansion to the southeast and to depth.
Three samples were collected from the E5 prospect at three different locations over a 40 m distance across Eagle South. Samples exhibited iron carbonate alteration, strong hematite altered shearing, and arsenopyrite, stibnite, scorodite and chrome mica. The samples assayed 21.20 gpt, 15.30 gpt, and 7.01 gpt gold. The chrome mica suggests the presence of ultramafic rocks that have been altered. The E5 prospect is located on surface 150 m southeast of DDH21-006 which intersected 8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m ( see press release December 29, 2021) and is currently interpreted to be a southeastern extension of the Eagle Zone.
The E7 prospect is located an additional 130 m to the southeast of E5 and 270 m southeast of DDH21-006. Two samples were collected from poorly exposed and partly oxidized outcrop exhibiting iron carbonate alteration and hematite shearing including a narrower stibnite-arsenopyrite bearing quartz vein. Chip sample B838875 returned 9.66 gpt gold and 3,050 ppm antimony ("Sb") over 2.5 m across the exposure. A representative grab sample B838876 returned 12.9 gpt gold and 1.83 % Sb from the 0.5 m wide stibnite-arsenopyrite vein.
The E5 prospect has been partially tested with diamond drill holes DDH21-014, DDH21-015, and DDH21-020 completed in late October 2021. Assay results remain to be reported on these drill holes. The E7 prospect has not been drill tested. The Upper Eagle gold-in-soil anomaly has not yet been explained with any associated bedrock exposures and remains to be tested with drilling.
These outcrop sample results are very encouraging and continue to demonstrate the excellent exploration potential on the Reliance Property. The Company plans to complete systematic channel sampling in these outcrop areas. Exploration plans, when finalized, will include maiden drill testing of the E7 prospect, the Upper Eagle gold-in-soil anomaly, and further drilling at the E5 prospect with the objective of expanding and defining the Eagle Zone.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com
Grab and chip samples are selective by nature and were collected at locations where elevated XRF values for pathfinder elements were identified and are unlikely to represent average grades on the property or within the target areas.
Diamond drill core was logged and evaluated on the Property and samples designated for collection under the supervision of a geologist at the property. Drilling was completed using a skid mounted Hydracore 2000 equipped with NQ size tools capable of collecting 4.76 cm diameter core. Diamond drill core was cut using a diamond drill saw with one half of the core sent for analysis and the remaining kept for future studies. Sample intervals were typically 2 metre core length and intervals were shortened for lithology or alteration changes. For drilled and sampled intervals of poor average core recovery, the complete core was sampled and sent to the laboratory for assay analysis. All grab, chip samples and diamond drill core samples have been submitted to ALS Global in North Vancouver, BC, an ISO/IEC 17025:2017 accredited laboratory, where they are crushed to 70% <2 mm then up to 250 gram pulverized to <75 microns. Samples are then submitted for four-acid digestion and analyzed for 48 element ICP-MS (ME-MS61) and gold 30g FA ICP-AES finish (AU-ICP21). Over limit samples returning greater than 10 ppm gold are re-analyzed by Au-GRA21 methodology and over limit antimony returning greater than 10,000 ppm Sb are re-analyzed by Sb-AA08 methodology. Endurance Gold monitors QA/QC by inserting blanks, certified standards and pulp duplicates into the diamond drill core sample stream.
The 2020 and 2021 work programs were supervised by Darren O'Brien, P.Geo., an independent consultant and qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.
Figure 1: Reliance Property, 2021 Drill Plan Eagle Area - Eagle South Rock Sample Locations
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Figure 2: Reliance Property - Eagle South at E5 Prospect
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Figure 3: Reliance Property - Eagle South at R7 Prospect
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| To: LoneClone who wrote (162593) | 1/5/2022 4:41:06 PM | | From: LoneClone | | | | Bell Copper Drills Strong Leached Cap in Porphyry at Big Sandy
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Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Bell Copper Corporation (TSXV: BCU) (OTCQB: BCUFF) ("Bell Copper" or the "Company") reports that it has drilled a strongly altered and veined hematitic leached capping hosted by quartz porphyry at its Big Sandy project. Big Sandy is a large, truncated porphyry copper-molybdenum target located in northwestern Arizona, approximately 30 kilometers south of the Company's Perseverance Project.
Highlights
The Drill is now cutting hematitic leached capping hosted by intensely sericitized quartz porphyry, cut by quartz veinlets at an inclined depth of 1284 meters.Leached capping began immediately beneath the gravel at an inclined depth of 1192 meters with continuous, strong, seal-brown hematite vein fillings, quartz veinlets, hydrothermal breccia and pervasive sericitic alteration in quartz porphyry.Core drilling at BS-3 has resumed.
Drilling and Analysis
Drillhole BS-3, which was oriented to test a 2400 meter by 2100 meter area of high electrical conductivity that was detected in an earlier magnetotelluric survey (refer to news release dated October 6, 2020), entered the mineralized quartz porphyry beginning at an inclined depth of 1192 meters, immediately beneath cemented gravel cover rocks. The true thickness of the gravel layers penetrated by BS-3 at an oblique angle is estimated to be 860 meters.
BS-3 encountered strongly altered and veined hematitic leached capping, consisting of seal-brown-colored, earthy-textured hematite filling fractures and pervading the strongly sericitized groundmass of the quartz porphyry host rock. Stockwork-style to sheeted-style quartz veinlets and sericite-enveloped "D-veins" constitute a significant volume of the core, along with minor amounts of hydrothermal and structural breccia. To date, a 92-meter interval of this type of rock has been cut in BS-3, extending to the current bottom of the hole at a depth of 1284 meters. Drilling at BS-3 was suspended over the Christmas holiday and has now resumed.
Oriented core collected near the base of the gravel cover shows that at BS-3 the porphyry system is tilted about 45 degrees from its orientation before faulting. This tilt suggests that any supergene copper blanket that might underlie the hematitic leached capping in BS-3 can be targeted at shallower depth in the direction of drillhole BS-1, located 1200 meters to the east. A 2-meter interval of chalcocite supergene enrichment underlying hematitic leached capping was cut at a depth of 936 meters in BS-1, suggesting continuity of supergene leaching and porphyry-related alteration across a distance of 1200 meters. The intervening ground showed anomalously high electrical conductivity in the August 2020 magnetotelluric survey. A future drillhole is now contemplated to test that shallower target.
Pictures are representative of the 92 meters of leach capping drilled to date at BS-3
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Tim Marsh, Bell's President and CEO, and a Qualified Person as defined by NI43-101, said,
"BS-3 finished 2021 in a 90-meter interval of intensely hematitic, quartz-veined, sericitized quartz porphyry. It is exactly what we wanted to see as the first bedrock under gravel cover. All but the bottom 30 meters of the hole are now cased off and protected behind steel. We look forward to revealing what happens at the upcoming oxidation boundary, where any copper oxide and supergene copper sulfide minerals would tend to accumulate."
About Bell Copper
Bell Copper is a mineral exploration company focused on the identification, exploration and discovery of large copper deposits located in Arizona. Bell Copper is exploring its 100% owned Big Sandy Porphyry Copper Project and the Perseverance Porphyry Copper Project which is under a Joint Venture - Earn In.
Qualified Person
The technical content of this release has been reviewed and approved by Timothy Marsh, PhD, PEng., the Company's CEO and President. No mineral resource has yet been identified on the Big Sandy Project. There is no certainty that the present exploration effort will result in the identification of a mineral resource or that any mineral resource that might be discovered will prove to be economically recoverable.
On behalf of the Board of Directors of
Bell Copper Corporation
"Timothy Marsh"
Timothy Marsh, President, CEO & Director
For further information please contact the Company
Tel: 1 800 418 8250
Email: info@bellcopper.net
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Bell Copper operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. |
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| To: LoneClone who wrote (162594) | 1/5/2022 4:42:10 PM | | From: LoneClone | | | | Silver Bullet Mines Provides Pilot Plant Construction Update
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Burlington, Ontario--(Newsfile Corp. - January 5, 2022) - Silver Bullet Mines Corp. (TSXV: SBMI) ('SBMI' or 'the Company') is very pleased to provide an update on the construction of its modular pilot plant in Arizona.
The plant is wholly-owned by SBMI and is intended upon completion to process up to 125 metric tonnes of material per day. It is of modular design capable of being expanded in size and modified as required. The plant is being constructed on SBMI-owned private property approximately 8 miles from Globe, Arizona and in proximity to its Buckeye Silver Mine. As per the flow chart below, the plant is state of the art.
Pilot Plant Flow Chart
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"The leadership team at SBMI has a substantial equity position so we like all shareholders are thrilled to see the plant be built as designed," said A. John Carter, the Company's CEO. "Despite ongoing supply chain issues and exorbitant material and transportation cost increases, we remain on track to start commissioning in the first quarter of 2022. In anticipation of that commissioning, the Company has approximately 1000 tonnes of material already stockpiled for feed."
The plant consists of a coarse ore feed bin, a fine ore bin, two stage crushing and screening, and a variable speed computer-controlled feed belt that leads to a grinding circuit. The grinding circuit is a ball mill in closed circuit with a bank of cyclones. The plan is for product from the ball mill to be pumped directly to a pair of Falcon concentrators. The product from the concentrators is then fed by gravity to a full size Diester concentrating table. Tailings from the Falcons and from the table are returned to the grinding circuit.
The cyclones then split the feed with the oversize material going back to the ball mill and the undersize material going to the tailings thickener. Processed material of the appropriate size is then sent to the bullion furnace where dore bars are poured. All tailings are dewatered and all available water is recycled.
The ball mill as installed, on the mill pad poured by SBMI for this purpose.
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The plant is designed to maximize the recovery of both gold and silver, although its modular nature means it can be adjusted to recover other metals.
Currently over 90% of the necessary equipment is onsite and being assembled (go to www.silverbulletmines.com to see pictures of the plant being built, or follow on Twitter @BulletMines). The remainder is in a container in Long Beach, California waiting to be off-loaded, on a timeline beyond the Company's control. Some small items are to be purchased as required.
Overview of SBMI's mill site, showing the fine and coarse ore bins on the right, the ball mill in the middle, and assorted equipment to the left.
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In addition to owning its own processing plant, SBMI owns an on-site assay facility which can provide assay results in less than a day. It also owns its own 2-boom jumbo, LHD (load-haul-dump), large Bobcat, and various other equipment. Owning all this equipment will allow the Company to process feed material quickly, efficiently and economically, as well as to generate revenue, without debt payments draining cash. The Company is in discussions with various groups concerning the purchase of both the dore and the concentrates.
Finally, SBMI announces it does not intend to spend capital on a third party resource estimate or Preliminary Economic Analysis for the Buckeye Silver Mine. In the Company's opinion, given the nature of the known mineralization, the extensive historical third-party documentation, and the leadership team's direct experience at Buckeye, a third party resource estimate or PEA would be prohibitively expensive to have written without actually advancing the Company's knowledge of the Buckeye. "This is old school mining," continued Mr. Carter, "and for this project it's the right way. Producing from 6-foot wide silver veins is not your standard mining opportunity, which means it requires a non-standard approach. Here, we believe the right approach is to carry out our own internal economic analysis."
The next major events at Buckeye will be the arrival on-site of the third container through the Long Beach supply chain, and the delivery of assay results from a third party accredited lab on one-quarter of the 150 pound bulk sample announced December 15, 2021. The Company has no direct control over the timing of either of those events but does continue to work with its suppliers to expedite them a much as possible.
For further information, please contact:
John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843
Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define. |
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| To: LoneClone who wrote (162595) | 1/5/2022 4:44:37 PM | | From: LoneClone | | | | RTG Announces Philippines Lifts the Open Pit Mining Ban
accesswire.com
Wednesday, January 5, 2022 5:00 AM
Not for release to US wire services or distribution in the United States
Announcement to the Toronto Stock Exchange and Australian Securities Exchange
SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / January 5, 2022 / The Board of RTG Mining Inc. (" RTG ", the " Company ") (TSX:RTG)(ASX:RTG) is pleased to announce that Secretary Roy Cimatu of the Department of Environment and Natural Resources (" DENR ") signed Department Administrative Order No. 2021-40 on 23 December 2021, lifting the four-year-old ban on the open-pit method of mining for copper, gold, silver, and complex ores in the country.
The DENR order covers all mining tenement holders that will adopt a surface mining method and sets strict conditions and requirements for those that would use the open-pit method to ensure all mining is undertaken to world's best practices. We are pleased with the DENR's continued efforts to encourage the mining industry. The Mabilo Project developed in line with the DENR's directives, has the capacity to stimulate economic growth in the local communities, the Province in which the project is located and the Philippines more broadly.
The lifting of the ban, according to the DENR order, is meant to "revitalize the mining industry and usher in significant economic benefits to the country by providing raw materials for the construction and development of other industries and by increasing employment opportunities in rural areas."
ABOUT RTG MINING INC
RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and the Australian Securities Exchange. RTG is currently focused primarily on progressing the Mabilo Project to start-up having recently received a mining permit for the Project, with a view to moving quickly and safely to a producing gold and copper company.
RTG also has a number of exciting new opportunities including the Panguna Project in Bougainville, which it remains committed to but during these uncertain times the primary focus is on advancing the Mabilo Project.
RTG has an experienced management team which has to date developed seven mines in five different countries, including being responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited. RTG has some of the most respected international investors as shareholders including Franklin Templeton, Equinox Partners and Sun Valley.
ENQUIRIES
COMPLIANCE STATEMENT
Date: 5 January 2022
Authorised for release by: By the Board of Directors
CAUTIONARY NOTE STATEMENT
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the accuracy or adequacy of this press release, which has been prepared by management.
This announcement includes certain "forward-looking statements" within the meaning of Canadian securities legislation. All statements in this announcement, other than statements of historical facts are forward-looking statements, including statements made or implied relating to the anticipated timing, closing, size, structure of and exemptions utilized under the Private Placement, the use of the net proceeds from the Private Placement, the timing of the shareholder meeting to approve Tranche 2 of the Private Placement, the Company's opportunities to diversify its Philippine interests and to participate in the redevelopment of the Panguna Mine in Bougainville, the Company's objectives, strategies to achieve those objectives, the Company's beliefs, plans, estimates and intentions, and similar statements concerning anticipated future events, plans for further exploration. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG's expectations include uncertainties related to market conditions and demand for the Private Placement, the receipt of requisite shareholder and regulatory approvals, fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG's mineral projects; the need to obtain additional financing to develop RTG's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG's mineral projects and other risks and uncertainties as discussed in RTG's annual report for the year ended December 31, 2020 and detailed from time to time in our other filings with the Canadian securities regulatory authorities available at www.sedar.com. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. RTG will not release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
This announcement has been prepared for publication in Canada and Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws, and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.
SOURCE: RTG Mining Inc. |
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| To: LoneClone who wrote (162596) | 1/5/2022 4:46:27 PM | | From: LoneClone | | | | Fabled Continues to Intersect Mineralized Santa Maria Structure Over 13.10 meters Reporting 98.31 g/t Ag Eq
accesswire.com
Wednesday, January 5, 2022 7:00 AM
VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTC PINK:FBSGF)(FSE:7NQ) announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, "As you can see below, planned definition hole SM20-47 was designed to fill in a shallow depth, drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth. See Figure 1 below.
Figure 1 - Longitudinal View of Area of Current Drilling
 SM20-47
Definition Diamond Drill Hole SM20-47 was drilled at a dip or angle of -66 degrees for a planned total drilled length of 200 meters but actual drilled meterage was 188 meters and was designed to hit the targeted Santa Maria Footwall structure at approximately -150 meters below surface.
Before intercepting the targeted Santa Maria Structure, a newly discovered mineralized hydrothermal breccia was intersected from 143.2- 144.2 meters which graded 162.08 g/t Ag Eq over the 0.95 meters. See Photo 1, Figure 2 and Table 1 below.
Photo 1 - SM20- 47
 The main target which was the the Santa Maria footwall structure was intercepted from 156.30 - 169.40 meters where the entire 13.10 meters reported 98.31 g/t Ag Eq which many higher-grade intercepts are contained within including 6.10 meters grading 176.99 g/t Ag Eq; 4.65 meters grading 192.16 g/t Ag Eq, 1.50 meters returned 299.51 g/t Ag Eq and 338.71 g/t Ag Eq over 1.25 meters. See Figure 2, Table 1, Photo2 below.
Figure 2 - Cross Section Diamond Drill Hole SM20-47
 The 13.10-meter Santa Maria Footwall structure was composed of alternating zones of mineralized hydrothermal breccias within a porphyritic diorite dike host rock which has fine disseminated sulphides, See Figure 2 above, Table 1 and Photo 2 below.
Table 1- SM20-47 Drill Hole Assay Results
Drill Hole
| From m
| To
m
| Width m
| Au g/t
| Ag g/t
| Ag Eq* g/t
| Pb %
| Zn %
| Cu %
| SM20-47
| 143.25
| 144.20
| 0.95
| 0.16
| 154.00
| 162.08
| 0.05
| 0.19
| 0.00
|
| 156.30
| 169.40
| 13.10
| 0.23
| 86.48
| 98.31
| 0.14
| 0.39
| 0.01
| Including
| 160.05
| 166.15
| 6.10
| 0.34
| 159.50
| 176.99
| 0.26
| 0.77
| 0.30
| Including
| 161.50
| 166.15
| 4.65
| 0.25
| 179.30
| 192.16
| 0.28
| 0.79
| 0.02
| Including
| 161.50
| 163.00
| 1.50
| 0.32
| 283.00
| 299.51
| 0.01
| 0.04
| 0.00
| Including
| 164.90
| 166.15
| 1.25
| 0.46
| 315.00
| 338.71
| 0.97
| 2.84
| 0.08
|
- ** Ag Equivalent ("Ag Eq") grade is calculated using $20 per ounce Ag and $1,600 Au.
The purpose of planned definition hole SM20-47 was to once again fill in a drill poor gap in the past resource area and was very successful. As seen below, the multi phased hydrothermal breccias along and within the Dike unit are well mineralized. See Photo 2 below.
Photo 2 - SM20- 47
 Summary
Hole SM20-47 was not only successful in determining the exact location of the mineralized Santa Maria footwall structure but more importantly filled in the resource gap with a 13.10 meter mineralized intercept which will help build out the ounce category in this area.
Definition diamond drill hole SM20-48 is located approximately 25 meters to the east and designed to test the structure horizon at -275 meters and in-fill the lack of drill pierce points into the structure at this depth.
Holes SM20-48 - 50 have been completed, holes 48 - 50 have been submitted for assay. See Figure 5 below.
Figure 5
 QA QC Procedure
Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.
Over Limit Methods
For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:
Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.
Ag-GRA21 Ag by fire assay and gravimetric finish.
Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Mr. Peter J. Hawley, President and C.E.O.
Fabled Silver Gold Corp.
Phone: (819) 316-0919
peter@fabledfco.com
For further information please contact:
info@fabledfco.com
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Neither the TSX Venture Exchange nor its Regulations Service Provider (as that term is defined in the policies of the TSX Venture Exchange) does accept responsibility for the adequacy or accuracy of this news release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital
on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE: Fabled Silver Gold Corp |
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| To: LoneClone who wrote (162597) | 1/5/2022 4:48:13 PM | | From: LoneClone | | | | Aztec Minerals Shareholder Update: Review of 2021 and Outlook for 2022
accesswire.com
Wednesday, January 5, 2022 8:00 AM
VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / Aztec Minerals Corp. (TSXV:AZT:)(OTCQB:AZZTF) provides shareholders with the following review of 2021 and its outlook for 2022. Aztec's core assets include a 75% interest in the historic Tombstone silver district, Arizona and a 65% interest in the prospective Cervantes porphyry gold-copper project in Sonora, Mexico.
Bradford Cooke, Chairman and Founder of Aztec, commented, "Aztec Minerals enjoyed a busy year in 2021, highlighted by the formation of a 75/25 Joint Venture with Tombstone Partners on the Tombstone Project followed by the successful results of our Phase 2 RC drill program at Tombstone. We appointed a new VP Exploration, raised CAD$1.6 million through an equity financing, and added a significant extension to the shallow, oxidized gold-silver mineralization around and below the Contention pit at Tombstone. We successfully completed another phase of surface work to extend the geological mapping and geochemical soil grids at Cervantes, and commenced a Phase 2 RC drill program to test new targets and expand the California discovery zone in December. The Company is in a good position to create substantial shareholder value in 2022."
Simon Dyakowski, CEO of Aztec, added, "Having successfully recommenced exploration at Cervantes in 2021, our goals in 2022 are to continue with our recently commenced RC drilling program to work toward advancing the project to an initial open pit resource estimate and elevate the profile of the project in a region that has both porphyry copper and heap leach gold production in Mexico. Our main goals at Tombstone for the new year are to conduct infill and step out core drilling at the Contention Pit, and to test deeper high grade polymetallic CRD targets underlying the Tombstone property."
2021 Highlights
Tombstone Project
- Formed a 75/25 Joint Venture Agreement for Tombstone Project
- Acquired additional claims bringing the overall total land package at Tombstone to 1,073.4 acres (434.4 hectares)
- Completed a 2,716 meter Phase 2 RC drill program that expanded the mineralized zones around and below the Contention open pit with multiple, shallow, thick, oxidized Gold-Silver intercepts.
- Higher grade intervals include 16.8 grams per tonne (gpt) gold and 374.4 gpt silver or 22.15 gpt gold equivalent (AuEq) using a 70:1 silver:gold ratio over 7.6 meters (m) in hole TR21-22 and 5.71 gpt gold plus 40.5 gpt silver or 6.28 gpt gold equivalent over 32.0 m in hole TR21-03
- Thicker mineralized intervals include 65.5 m grading 2.44 gpt Au and 66.6 gpt Ag (3.39 gpt AuEq) in hole TR21-22 and 96.04 m assaying 1.39 gpt Au and 56.4 gpt Ag (2.20 gpt AuEq) in hole TR21-10
Cervantes Project
- Completed Phase 1 2021 exploration program expanding and increasing definition of the Estrella, Brazil and California Norte targets and discovering a new target, Estrella Norte (1.0 x 1.6 kms) in the northwestern portion of the project
- Rock chip sampling returned assays up to 21.3 grams per tonne (gpt) gold, with ten samples running over 1 gpt Au, with anomalous results of 20-250 ppb Au occurring proximal to the strongest rock gold values.
- In the fourth quarter 2021 commenced an ongoing 5,000 meter RC drill program testing four main targets:
- The California target, where Aztec previously discovered extensive porphyry gold-copper mineralization, the JV will drill 14 infill and step-out holes at a 50m spacing to expand and better define the area of mineralization, followed by two 500m deep holes to test the depth extent of the strong IP chargeability anomaly
- At the California North prospect, one hole will test the coincident IP chargeability and gold-copper-molybdenum soil geochemical anomaly
- At the Jasper prospect, one hole will test the outcropping copper mineralization and copper-molybdenum soil geochemical anomaly
- At the Purisima East target, four to six holes will test the high grade gold mineralization in the Glory Hole mine working and coincident IP chargeability and gold-copper-molybdenum soil geochemical anomaly within a breccia along the rim of a brecciated QFP porphyry intrusion
- Our first drill campaign four years ago successfully and partially outlined an oxide gold cap to a significant new porphyry gold (copper) discovery at the California zone, with drill intercepts up to 160 meters long grading 0.77 gpt gold (hole 18CER010).
Corporate
- Closed an over-subscribed CAD$1.60 million private placement in November
- Appointed David Heyl as Vice President of Exploration in April
- Received CAD$600,000 through a warrant exercise in July
2022 Outlook
- Continue 5000 meter RC drilling program at the Cervantes project during the first quarter
- Plan and commence a Phase 3 core drill program to target deeper CRD (carbonate replacement deposits) lead-zinc-silver-copper-gold mineralization in Paleozoic limestone underlying the Tombstone property
- Seek additional opportunities in safe jurisdictions within the Americas where our focus will be on projects with high quality bulk tonnage gold+/-copper+/-silver potential
Aztec also announces that it has re-engaged Commodity-TV and Rohstoff-TV (C&R-TV) for a subsequent thirteen-month period to assist with Aztec's investor relations activities. Pursuant to an agreement commencing January 1, 2022, Aztec will pay C&R-TV 18,000 euros, plus expenses. C&R-TV is based in Switzerland and will introduce Aztec to its European investor network by recording, translating, broadcasting and disseminating on its digital platforms Aztec news, articles, interviews and webinars.
Allen David Heyl, B.Sc., CPG., VP Exploration is the Qualified Person at Aztec Minerals Corp who reviewed and approved the technical disclosures in this news release.
"Simon Dyakowski"
Simon Dyakowski, Chief Executive Officer
Aztec Minerals Corp.
About Aztec Minerals - Aztec is a mineral exploration company focused on the discovery of large polymetallic mineral deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. The historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).
Contact Information - For more information, please contact:
Simon Dyakowski, CEO or Bradford Cooke, Chairman
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: simon@aztecminerals.com
Website: www.aztecminerals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements:
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
SOURCE: Aztec Minerals Corp. |
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| To: LoneClone who wrote (162598) | 1/5/2022 4:49:22 PM | | From: LoneClone | | | | Trigon Announces First Concentrate Production at Kombat Mine, Namibia
accesswire.com
Wednesday, January 5, 2022 8:40 AM
TORONTO, ON / ACCESSWIRE / January 5, 2022 / Trigon Metals Inc. (TSXV:TM) ("Trigon" or the "Company") is pleased to announce the first copper concentrates were produced at the Kombat Mine in Namibia on Thursday, December 30, 2021. Teams worked through the Christmas period to complete the install of filter presses and run ore through the full production process to achieve this milestone, meeting management's forecasted goal.
The concentrate produced exceeded the expectations of management, demonstrating that the combination of new equipment from Xinhai and refurbished equipment from the historic operation are operating well. The feed material for this initial production was sub optimal lower grade ore, while grind size, residence times and reagent use are being optimized, but satisfactory copper grades were achieved approaching 20% copper and over 600 g/t silver, well ahead of expectation at this stage of start-up. Production continues, building up to first concentrate shipments toward the end of this month, January 2022. A declaration of full commercial production is forecast for March 2022, as the mine production ramps up and systems are optimized.
Jed Richardson, President and CEO of Trigon, commented, "This first production is a tremendous milestone for the Company, the Kombat community and our shareholders. Successful concentration of copper represents a major de-risking of the mine. A functioning mill is the primary technical hurdle in a mine's operation, and that hurdle has been overcome at Kombat. I cannot overstate how proud I am of our team in reaching this goal; battling through shipping challenges, COVID-19 and working through the Christmas holidays."
About Kombat Mine
The Kombat Copper Project is the flagship project of Trigon Metals Inc., with the Company's mining and prospecting licence areas covering an area of more than 7,500 ha in the Otavi Mountainlands in Namibia. The Kombat Project is comprised of three mining licences, which produced approximately 12.46 million tonnes of Copper between 1962 and 2008, at a grade of 2.62%. The other two mining licences are within close proximity to Kombat at Gross Otavi and Harasib, which are believed to be highly prospective for lead and zinc. In addition, the Company also holds an interest in two exclusive prospecting licences, which represent a potential strike extension of Kombat.
Trigon Metals Inc.
Trigon is a publicly traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently the company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. In Morocco, the Company is the holder of the Silver Hill project, a highly prospective copper and silver exploration project.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements regarding the restart of the Kombat Mine, the timing of commercial production and ramp up at the Kombat Mine, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Project, and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
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, contact:
Jed Richardson
+1 647 276 6002
jed.richardson@trigonmetals.com
Website: www.trigonmetals.com
SOURCE: Trigon Metals, Inc. |
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| To: LoneClone who wrote (162599) | 1/5/2022 4:51:33 PM | | From: LoneClone | | | | Arizona Sonoran Completes Rezoning of Acquired Land
businesswire.com
January 05, 2022 06:30 AM Eastern Standard Time
CASA GRANDE, Ariz. & TORONTO--( BUSINESS WIRE)--Arizona Sonoran Copper Company Inc. (TSX:ASCU) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, announces the completion of the General Plan Amendment with the City Council of Casa Grande (“the Council”). The amendment is related to a 2,159 acre parcel of land, including the LKY, ARCUS and Merrill Properties, newly demarcated for manufacturing/industrial use. The Company’s entire land package consists of 4,698 acres of private land sufficient to accommodate all the infrastructure envisioned within its 18-year Life-of-Mine Operating Plan. With the new amendment, the entire land package is fully-zoned for industrial purposes (see FIGURE 1).
Ian McMullan, ASCU COO commented, “The rezoning marks our 6th major permit received in the permitting process of the Cactus Mine. As a private landowner in Casa Grande, Arizona, we benefit from a streamlined permitting process at the state and county level. We are dedicated to supporting the local communities as a Core Value of our Company, and we thank the Community for their support in return.”
He continued, “The increased land position increases the exposure to the 4 km mine trend while also improving future operational flexibility. The 4 km porphyry copper mine trend extends from Parks/Salyer which we are currently drilling to the southwest and extending northeast over the Cactus Project and into the Cactus NE Extension. Our team will be incorporating the Cactus NE Extension property into the exploration pipeline.”
The amendment includes the City of Casa Grande’s 2030 General Plan change from the Copper Mountain Ranch Planned Area of Development (PAD) to the Cactus Mine PAD (number 52731.1). Additionally, the land use designation (rezoning) (number 1178.414) is amended from commerce & business and residential to manufacturing/industrial use for the 2,159-acre parcel.
The Council also approved a Development Agreement for these re-zoned lands as part of the Cactus Mine. Included in the Agreement are community benefits such as employment sourcing a minimum 20% from the local area, as well as the construction of viewshed berms along the eastern and northern portions of the re-zoned lands. These 100-foot berms will be built as part of construction activities and vegetated with local desert vegetation to fit with the landscape of the area. ASCU will also dedicate and develop a community bike path on the eastern and portions of the northern boundary that will tie into the City of Casa Grande’s new system of hiking and biking trails, thus providing for both residents and visitors the opportunity for healthy outdoor recreational activities.
Links from the Press Release
FIGURES 1: cts.businesswire.com
Neither the TSX nor the regulating authority has approved or disproved the information contained in this press release.
About Arizona Sonoran Copper Company ( www.arizonasonoran.com | www.cactusmine.com)
ASCU’s objective is to become a mid-tier copper producer with low operating costs, develop the Cactus Project that could generate robust returns for investors, and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.
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 ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
Contacts Alison Dwoskin, Director, Investor Relations
647-233-4348
adwoskin@arizonasonoran.com
George Ogilvie, President, CEO and Director
416-723-0458
gogilvie@arizonasonoran.com |
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| To: LoneClone who wrote (162600) | 1/5/2022 4:53:14 PM | | From: LoneClone | | | | Torian Resources (ASX:TNR) Mt Stirling / Viserion Further Gold Results
abnnewswire.net
Perth, Dec 31, 2021 AEST (ABN Newswire) - Torian Resources Limited ( ASX:TNR) is pleased to announce the progress of its 17,500m drilling campaign (RC and AV combined) at the Mt Stirling Gold Project. Drilling includes a planned combined 12,500m RC to test:
o High priority targets at Tyrannus (assays received);
o Hydra (assays received);
o Estera (high grade Au assays received);
o Stirling Well extension;
o Mt Stirling / Viserion extension (in-progress); and
o Skywing gold targets (Jan 2022)
RC drilling has advanced with rig drill testing high priority shallow portion of the Mt Stirling-Viserion gold deposit to be drill defined to achieve an increase in the resource JORC Indicated category (~880m strike x ~125m depth) from surface with 9 drill holes completed for 740m
An additional ~5,000m of AV drilling is planned to vector and expand the footprint of high-ranked regional Au; As; multi-element and structural targets across the project.
In addition to proving up recent discoveries, a key priority of this campaign will be to upgrade the confidence level of an increased amount of the Mt Stirling-Viserion Resource to 'Indicated', and to potentially add additional ounces by extending the strike and selective depth of the gold system.
Approximately 40% of the planned meters will target the shallow portion of the Mt Stirling-Viserion gold deposit to be drill defined to JORC Indicated category (~880m strike x ~125m depth) from surface 425m down to 300mRL. The Company anticipates that this is likely to increase the global Project Au grade, expand the Resource base and provide valuable data and confidence to a 2022 Q1 Optimisation Study.
An updated global MRE for the Mt Stirling Gold Project is on track for the end of Q1 2022. (Subject to drilling efficiency and lab timelines). In addition to the results from this next round of drilling, the MRE will include previously announced results that were not included in the May 2021 MRE.
In an effort to expedite the drilling programme the Company has secured the services of three drilling contractors who will be drilling throughout this coming January.
The Company has also secured the services of Minecomp to conduct a pit optimisation study, as it takes another step towards assessing the economics and unlocking value from the Mt Stirling / Viserion gold system.
Mt Stirling / Viserion Further Results
Mt Stirling-Viserion assays have been received for the following intercepts:
1600N:
o 4m @ 4.76 g/t Au from 70m (MSRC146); incl 1m @ 9.24 g/t Au from 73m
1680N:
o 3m @ 0.99 g/t Au from 9m (MSRC145); incl 1m @ 1.38 g/t Au from 10m; and 2m @ 1.14 g/t Au from 15m; incl 1m @ 1.30 g/t Au from 15m
1720N:
o 3m @ 0.73 g/t Au from 24m (MSRC144)
1480N:
o 4m @ 1.97 g/t Au from 8m (MSRC147)
o Near-surface mineralisation interpreted as up-dip Skywing position
o With further mineralised zones of 7m @ 0.78 g/t Au from 42m; incl 1m @ 1.37 g/t Au from 43m; and 6m @ 1.09 g/t Au from 52m; incl 1m @ 1.51 g/t Au from 52m
o And a footwall mineralised zone of 4m @ 2.62 g/t Au from 80m* (comp)
These results are up-dip of recently released in-fill mineralised zones on 1480N section (ASX 24th December 2021):
o 1m @ 1.62 g/t Au from 64m (MSRC148); and
o 24m @ 1.03 g/t Au from 69m; incl 7m @ 1.56 g/t Au from 81m; and 1m @ 2.94 g/t Au from 82m
o Anomalous comps* from 96m through to 112m (*assays pending)
A further 2 Mt Stirling-Viserion drill holes (MSRC149-150) are pending assay results.
Approximately 40 drill holes remain to be drilled to complete the current planned drill phase, with further results continuing to be received and released through January 2022.
Skywing Discovery
The re-interpretation of Mt Stirling Central Zone to flat easterly dipping lode(s) has resulted in 24 pierce points over ~450m strike defining the newly discovered "Skywing" lode(s). These pierce points have been obtained from existing drilling, which has brought into play most intercepts which were outside of the previous MS MRE of May 2021.
Skywing lode(s) vary from 1-2m true width and provide an immediate prospective shallow open-pittable interpreted extents (~800m x 220m; from surface). This will be drill tested with 40x40m drill spacing towards the Wonambi Shear with ~3,550m of RC drilling planned; with the first phase of 1800m going towards testing the mineralised model in order to commit to a 2nd phase of drilling which will complete the program.
Of significant interest at Skywing, is that Au grades increase in grade towards the east on every section. (Other than supergene enrichment close to surface on western extents of interpreted shallow easterly dipping flat lodes). It is highly unusual that the Skywing lode(s) exhibit such Au homogeneity and increasing grades towards the Wonambi Shear.
Although modest ounces, modelled Au grade, increasing with depth and easterly appreciation could multiply scale potential. Any increase in width will also have this effect.
Skywing also demonstrates potential for repeated flat lodes; alike to the Stirling Well stacked lode model, in addition to prospective spaced-out occurrences that further drilling will seek to unveil.
Detailed logging will also confirm saprolitic v primary gold and provide sufficient data for interpreted modelling.
Given shallow nature of the mineralisation and planned drilling, assay results from Skywing are anticipated to fast-track the prospect's inclusion into the optimisation study.
Skywing lode(s) extension drilling is scheduled for 5th January 2022.
*To view tables and figures, please visit:
abnnewswire.net
About Torian Resources Limited
 Torian Resources Ltd (ASX:TNR) is a gold exploration and development company with an extensive and strategic land holding comprising eight projects and over 400km2 of tenure in the Goldfields Region of Western Australia.
Torian's flagship project, Zuleika, is located along the world-class Zuleika Shear. The Zuleika Shear is the fourth largest gold producing region in Australia and consistently produces some of the country's highest grade and lowest cost gold mines. Torian's Zuleika project lies north and partly along strike of several major gold deposits including Northern Star's (ASX:NST) 7.0Moz East Kundana Joint Venture and Evolutions (ASX:EVN) 1.8Moz Frogs Legs and White Foil deposits.
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near Red 5's King of the Hills Project), where it recently completed updated Mineral Resource Estimates and preliminary scoping studies, and a suite of other projects in the Kalgoorlie region including Credo Well JV Zuleika JV, Bonnie Vale, Gibraltar and Mount Monger/Wombola.
| | Peretz Schapiro
Executive-Director
info@torianresources.com.au | | |
Link: Mt Stirling / Viserion Further Gold Results
Related Companies
Torian Resources Limited
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| To: LoneClone who wrote (162601) | 1/5/2022 5:14:59 PM | | From: LoneClone | | | | World Refined Zinc Market Ended in Surplus: ILZSG
barchart.com
Scrap Monster - Tue Jan 4, 2:10PM CST
SEATTLE (Scrap Monster): The latest monthly statistics published by the International Lead and Zinc Study Group (ILZSG) indicates that global refined zinc market ended in surplus by 87kt over the first ten months of 2021. This is after taking into consideration the release of 180,000 tonnes of the metal by the Chinese National Food and Strategic Reserves Administration.
During the first ten months of 2021, global zinc mine production recorded modest growth of 6.1% upon comparison with the corresponding period a year before. The zinc mine output witnessed considerable decline in Brazil, Canada, Ireland, Kazakhstan and Poland. However, these declines were offset by production increases in other countries Bolivia, India, Mexico, Peru, South Africa and Turkey.
ALSO READ:
Study Group Published Zinc Metal Outlook for 2021 and 2022
World Lead Market Ended in Surplus
The refined zinc metal production during Jan-Oct ’21 totalled 11.594 million tonnes, marginally higher by 2.3% when compared with the 11.338 million tonnes a year before. The production witnessed jump in China, India, Japan, Peru and the U.S.
The 7.6% surge in global usage of refined zinc metal was mainly on account of rise in several countries and regions, particularly Europe, Brazil, China, India, Japan, Taiwan, Thailand, Turkey and the U.S.
The monthly global zinc mine output totalled 1.111 million tonnes in October 2021. The refined zinc metal production totalled 1.151 million tonnes, whereas the usage totalled 1.157 million tonnes during the month. |
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