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   Gold/Mining/EnergyMining News of Note


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To: LoneClone who wrote (162654)1/8/2022 3:51:35 PM
From: LoneClone
1 Recommendation   of 168894
 
Reyna Gold To Commence Trading On TSX Venture Exchange

accesswire.com

Friday, January 7, 2022 3:15 PM

VANCOUVER, BC / ACCESSWIRE / January 7, 2022 / Reyna Gold Corp. ("Reyna" or the "Company") (TSXV:REYG) is pleased to announce that its common shares (the "Common Shares") have been approved for listing on the TSX Venture Exchange (the "TSXV"). The Common Shares are expected to commence trading under the ticker symbol "REYG" as of market open on or about January 11, 2022.

The Exchange will issue a bulletin confirming the date on which trading will commence. Upon listing, the Company will be listed as a Tier 2 Mining Issuer on the TSXV. The Company is currently focused on the exploration of the La Gloria Project, located within the Mojave-Sonora Megashear in Mexico.

About the Company

Reyna Gold Corp. is a gold exploration company focused on district-scale exploration on two major gold belts in Mexico. The company has a portfolio of assets on the Mojave-Sonora Megashear and the Sierra Madre Gold and Silver Belt consisting of over 57,000 hectares/ 570 sq km. The Company has an experienced management team with a proven track record of wealth creation in Mexico through project discovery, advancement and monetization.

On behalf of the board of directors of Reyna Gold Corp.,

"Michael Wood"

Michael Wood
President, Chief Executive Officer and Director

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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to future events or future performance of the Company, the anticipated timing of listing, the Company's plans regarding future exploration activities and benefits arising from the listing of the Company's common shares on the TSXV. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final long form non-offering prospectus dated December 6, 2021 available for review on the Company's profile at www.sedar.com. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE: Reyna Gold Corp.

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To: LoneClone who wrote (162655)1/10/2022 12:22:26 PM
From: LoneClone
   of 168894
 
Verde announces 2022 guidance and two year outlook

ca.finance.yahoo.com

Verde AgriTech PLC
Mon., January 10, 2022, 3:00 a.m.·2 min read

BELO HORIZONTE, Brazil, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to announce its 2022 guidance of 700,000 tonnes production, with sales of $72.3 million, EBITDA of $28.4 million, net earnings per share (“EPS”) of $0.50; and a 2023 guidance of 1.4 million tonnes.

2022 Guidance

The Company’s target is detailed on a quarterly basis, reflecting the market demand's seasonality, as follows:

Period

Q1 2022

Q2 2022

Q3 2022

Q4 2022

FY 2022

Sales target (tonnes)

115,000

200,000

250,000

135,000

700,000

Revenue ($’000)

10,070

21,954

27,228

13,011

72,263

EBITDA ($’000)

1,358

10,155

13,414

3,506

28,434

EPS ($)

0.02

0.18

0.25

0.06

0.50


The 2022 guidance is underpinned by the following assumptions:

  • Grant of mining concession

  • Average Brazilian Real (“R$”) to Canadian dollar exchange rate: C$1.00 = R$4.40

  • Average KCl CFR Brazil of US$500, compared to current price of US$760 per tonne (as per the market intelligence firm Acerto Limited weekly price as of December 3, 2021).

  • Sales Incoterms: 50% CIF and 50% FOB

  • Sales channels: 50% direct sales and 50% indirect sales

  • “Over the previous years, seeing that we were producing and selling a new product, our guidance was limited to volume and revenue. From 2022 onwards we are pleased to add EBITDA and EPS to Verde's guidance,” said Cristiano Veloso, Verde’s Founder and CEO.

    2023 Guidance

    For 2023, Verde’s sales volume target is 1.4 million tonnes. This target represents a potential 100% growth Year-on-Year (“YoY”).

    Investors Newsletter

    Subscribe to receive the Company’s monthly updates at:
    http://cloud.marketing.verde.ag/InvestorsSubscription
    The last edition of the newsletter can be accessed at: https://bit.ly/Newsletter-November2021

    About Verde AgriTech
    Verde is an agricultural technology company that develops and produces fertilizers. Rooting our solutions in nature, we make agriculture healthier, more productive, and profitable for farmers. We work to improve the health of all people and the planet.

    Cautionary Language and Forward-Looking Statements
    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.

    For additional information please contact:

    Cristiano Veloso, President, Founder & Chief Executive Officer

    Tel: +55 (31) 3245 0205; Email: investor@verde.ag

    www.investor.verde.ag | www.verde.ag | www.supergreensand.com

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    To: LoneClone who wrote (162656)1/10/2022 3:05:07 PM
    From: LoneClone
       of 168894
     
    Wallbridge Announces 2022 Exploration Program at Flagship Properties on Detour-Fenelon Gold Trend

    wallbridgemining.com

    January 10, 2022

    View PDF

    Toronto, Ontario – January 10, 2022 – Wallbridge Mining Company Limited (TSX:WM, OTCQX:WLBMF) (“Wallbridge” or the “Company”) today announced that it has approved a $70 million exploration program for 2022 that will focus on growing the gold mineral resources at the Company’s flagship Fenelon and Martiniere properties, located on the highly prospective Detour-Fenelon Gold Trend in Northern Abitibi, Quebec.

    “We see excellent potential to build on our track record of exploration success over the past years to further grow mineral resources at both Fenelon and Martiniere in 2022, with most known mineralized gold trends remaining open for expansion, and additional opportunities within the existing resource footprints,” said Marz Kord, President & CEO of Wallbridge. “After validating the multi-million-ounce potential of this emerging gold camp with a significant mineral resource estimate in 2021, we plan to maintain a similar pace of exploration work this year, with 8 to10 active drills. We expect this program to deliver a number of catalysts for our shareholders over the course of 2022, as we update our mineral resource estimates for Fenelon and Martiniere and will lay the groundwork for an economic study that will incorporate our properties across the Detour-Fenelon Gold Trend.”

    The Detour-Fenelon Gold Trend (see Figure 1) has a demonstrated potential to host world-class gold deposits yet remains highly underexplored in comparison to other prolific gold belts in the southern portion of the Abitibi, such as the Timmins-Porcupine, Kirkland Lake and Val d’Or camps. Regional exploration on this trend is expected to account for approximately 10% of the Company’s 2022 exploration budget.

    “The goal of our regional exploration program in 2022 will be to add new discoveries to our growing inventory of ‘drill bit successes’ on the Company’s largely underexplored yet highly prospective land package of roughly 910 km2, located just east of the 30+ million-ounce Detour Lake deposit,” said Attila Péntek, Wallbridge’s Vice President, Exploration. “Our 2022 program makes Wallbridge one of the most active gold explorers in Quebec and we intend to build on our track record of delivering shareholder value through exploration success once again this year.”

    2022 Exploration Program

    Wallbridge finished 2021 with approximately $40 million of cash on hand and expects to receive approximately $10 million in 2020 refundable tax credits from the province of Quebec. The balance of the 2022 exploration budget of $70 million is expected to be funded from other sources.

    Approximately 60-65% of the Company’s planned drilling in 2022 will be targeted at Fenelon, 25-30% will be targeted at Martiniere, and the remaining 10% will be allocated to regional exploration (see details in table below). These results will be supplemented by approximately 60,000+ metres of drilling completed in 2021 after the cut-off date for the Company’s November 2021 Mineral Resource Estimate. In addition, funding has been allocated for preparation work for economic studies and underground maintenance.



    2022 Drill Program Highlights: Fenelon & Martiniere

    In November 2021, less than three years from the discovery of the Area 51 and Tabasco/Cayenne Zones, Wallbridge announced a maiden Mineral Resource Estimate for Fenelon Gold and an updated Mineral Resource Estimate for the Martiniere Gold Property totalling 2.67 million ounces of indicated gold resources and 1.72 million ounces of inferred gold resources (for details see Wallbridge press release dated November 9, 2021 and Technical Report filed December 23, 2021 on SEDAR).

    The Fenelon deposit remains open laterally in most directions, and at depth below the current extent of drilling at approximately 1,000 metres. Expansion drilling in 2022 will focus on adding resources within the 2021 resource open pit shell and within the known footprint of the gold system where drill spacing was not sufficient to include mineralization in the 2021 Mineral Resource Estimate. Drilling will also aim to extend known gold zones and test extensions of the main host rocks (Jeremie Diorite, Main Gabbro), as well as structures important in controlling gold mineralization (Sunday Lake Deformation Zone, Jeremie Fault, and other secondary fault zones).

    At Martiniere, the deposit is currently separated into multiple isolated zones with very little drilling in between, resulting in several smaller open pits in the 2021 Mineral Resource Estimate. Drilling in 2022 will focus on connecting these zones to form a more continuous orebody that can support a more optimal open pit configuration. In addition, both the Martiniere West and the Bug Lake Trends are open along strike and drilling is limited below 400 metres of vertical depth. Lateral and depth extensions of the known zones will also be targeted in the 2022 drill program.

    Regional Exploration

    Wallbridge intends to allocate approximately 10% of the 2022 budget to pursue further grassroots discoveries on its extensive land package. Spanning 97 kilometres in an east-west direction along the Detour-Fenelon Gold Trend, (roughly equivalent to the distance between Rouyn-Noranda and Val d’Or), Wallbridge’s 910 km2 Detour-Fenelon land package offers excellent potential for new gold discoveries.

    As reported on October 21, 2021, the Company has completed an initial 5,300 metre drill program on the Casault Gold Property, discovering new gold mineralization in the first drill hole. Full assay results are pending, and the Company is reviewing plans to continue exploration on this property in 2022.

    At Grasset, within 10 kilometres of the Fenelon deposit, the Company has been drilling since November to follow-up on the Grasset Gold showings, where historic intersections include 1.66 grams per tonne (g/t) of gold over 33 metres, and 6.15 g/t of gold over 4.04 metres.

    Assay results of completed holes along with further details on planned regional exploration activities in 2022 will be reported when available.



    Figure 1. Wallbridge’s Detour-Fenelon Gold Trend land package

    About Wallbridge Mining

    Wallbridge is currently advancing the exploration and development of its 100%-owned Fenelon Gold and Martiniere properties, located along the highly prospective Detour-Fenelon Gold Trend, an emerging gold camp in northwestern Québec. Both properties are located on the Company’s 910 km2 land package, with significant potential for further discoveries over a 97-kilometre strike length of this underexplored belt. Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privately?held company with a portfolio of nickel, copper, and platinum?group metals (PGM) projects in Ontario's Sudbury Basin.

    This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited.

    For further information please visit the Company's website at www.wallbridgemining.com or contact:

    Wallbridge Mining Company Limited

    Marz Kord, P. Eng., M. Sc., MBA
    President & CEO
    Tel: (705) 682?9297 ext. 251
    Email: mkord@wallbridgemining.com

    Victoria Vargas, B.Sc. (Hon.) Economics, MBA
    Investor Relations Advisor
    Email: vvargas@wallbridgemining.com

    Cautionary Note Regarding Forward-Looking Information

    This press release of Wallbridge Mining Company Limited ("Wallbridge" or the "Company") contains forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this press release.

    All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

    FLI herein includes, but is not limited to: future drill results; the Company’s ability to convert inferred resources into measured and indicated resources; environmental matters; stakeholder engagement and relationships; parameters and methods used to estimate the mineral resource estimates (each an “MRE”) at the Fenelon Gold and Martiniere properties (collectively the “Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance of historic exploration activities and results.

    FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve 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 such FLI. Although the FLI contained in this press release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained herein to reflect new events or circumstances, except as may be required by law. Unless otherwise noted, this press release has been prepared based on information available as of the date of this press release. Accordingly, you should not place undue reliance on the FLI or information contained herein.

    Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

    Assumptions upon which FLI is based, without limitation, include: the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs; the ability of the Company to obtain required approvals; the results of exploration activities; the evolution of the global economic climate; metal prices; environmental expectations; community and non-governmental actions; and any impacts of COVID-19 on the Deposits, the Company’s financial position, the Company’s ability to secure required funding, or operations. Risks and uncertainties about Wallbridge's business are more fully discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedar.com.

    Covid?19 ? Given the rapidly evolving nature of the Coronavirus (COVID?19) pandemic, Wallbridge is actively monitoring the situation in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wallbridge' activities will continue to align with the guidance provided by local, provincial and federal authorities in Canada. The Company has established measures to continue normal activities while protecting the health of its employees and stakeholders. Depending on the evolution of the virus, measures may affect the regular operations of Wallbridge and the participation of staff members in events inside or outside Canada.

    Information Concerning Estimates of Mineral Resources

    The disclosure in this press release and referred to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used in this press release are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the "CIM Definition Standards"), which definitions have been adopted by NI 43-101. Accordingly, information contained in this press release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.

    Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.

    Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the "SEC Modernization Rules"), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Information regarding mineral resources contained or referenced in this press release may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be "substantially similar" to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.

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    To: LoneClone who wrote (162657)1/10/2022 3:25:14 PM
    From: LoneClone
       of 168894
     
    Sandstorm Gold Royalties Announces Record Revenue and Gold Equivalent Ounces Sold in 2021


    newswire.ca

    Sandstorm Gold Ltd. Jan 10, 2022, 08:30 ET

    DESIGNATED NEWS RELEASE

    VANCOUVER, BC, Jan. 10, 2022 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to report that the Company sold approximately 67,500 attributable gold equivalent ounces1 and realized preliminary revenue2 of $114.8 million for the full 2021 year, both representing a record for the Company. During the year, Sandstorm realized preliminary total sales, royalties, and income from other interests1 of $120.7 million.

    During the three months ended December 31, 2021, the Company sold approximately 16,600 attributable gold equivalent ounces1 and realized preliminary revenue2 of $29.8 million. Preliminary cost of sales, excluding depletion2 for the three month period was $3.7 million resulting in cash operating margins1 of approximately $1,570 per attributable gold equivalent ounce1. These results should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2021 as and when released.

    Note 1
    Sandstorm Gold Royalties has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including (i) attributable gold equivalent ounces (ii) total sales, royalties, and income from other interests, and (iii) cash operating margin. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. Note these figures have not been audited and are subject to change. (i) As the Company's operations are primarily focused on precious metals, the Company presents attributable gold equivalent ounces as it believes that certain investors use this information to evaluate the Company's performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis. The Company's royalty and other commodity stream revenue, including adjustments for contractual income relating to those interests (see total sales, royalties, and income from other interests in (ii) below), is converted to an attributable gold equivalent ounce basis by dividing total sales, royalties, and income from other interests, for that period by the average realized gold price per ounce from the Company's gold streams for the same respective period. These attributable gold equivalent ounces when combined with the gold ounces sold from the Company's gold streams equal total attributable gold equivalent ounces sold and may be subject to change. (ii) Total sales, royalties, and income from other interests is calculated by taking total revenue which includes sales and royalty revenue, and adding contractual income relating to royalties, streams and other interests excluding gains and losses on dispositions ($114.8 million + $5.9 million = $120.7 million). The Company presents total sales, royalties, and income from other interests as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry. (iii) The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metals mining industry who present results on a similar basis. Cash operating margin is calculated by subtracting cost of sales, excluding depletion from Total Sales, Royalties, and Income from other interests and dividing this figure by attributable gold equivalent ounces sold ([$29.8 million - $3.7 million]/16,600 attributable gold equivalent ounces).

    Note 2
    These figures have not been audited and are subject to change. As the Company has not yet finished its year-end annual close procedures, and the audit of its 2021 financial statements is not complete, the anticipated financial information presented in this press release is preliminary, subject to final year-end closing adjustments, and may change materially. The information presented above has not been audited by the Company's independent accountants, should not be considered a substitute for audited financial statements, and should not be regarded as a representation by the Company as to the actual financial results.

    ABOUT SANDSTORM GOLD ROYALTIES

    Sandstorm Gold Royalties is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. The Company has acquired a portfolio of 230 royalties, of which 29 of the underlying mines are producing. Sandstorm Gold Royalties plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. For more information visit: www.sandstormgold.com.

    CAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS

    The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.

    The disclosure and information contained or referenced herein uses mineral reserve and mineral resource classification terms that comply with reporting standards in Canada, and mineral reserve and mineral resource estimates are made in accordance with Canadian NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards"). These standards differ significantly from the mineral reserve disclosure requirements of the United States Securities Exchange Commission (the "SEC") set forth in Industry Guide 7. Consequently, information regarding mineralization contained or referenced herein is not comparable to similar information that would generally be disclosed by U.S. companies under Industry Guide 7 in accordance with the rules of the SEC. Further, the SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities Exchange Act of 1934 ("Exchange Act"). These amendments became effective February 25, 2019 (the "SEC Modernization Rules") and, commencing for registrants with their first fiscal year beginning on or after January 1, 2021, the SEC Modernization Rules replaced the historical property disclosure requirements included in SEC Industry Guide 7. As a foreign private issuer that files its annual report on Form 40-F with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. The SEC Modernization Rules include the adoption of terms describing mineral reserves and mineral resources that are "substantially similar" to the corresponding terms under the CIM Definition, but there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under the SEC Modernization Rules. U.S. investors are also cautioned that while the SEC recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under the Modernization Rules, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable. Further, "inferred mineral resources" have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of the "inferred mineral resources" exist. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. For the above reasons, information contained or referenced herein regarding descriptions of our mineral reserve and mineral resource estimates is not comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements of the SEC under either Industry Guide 7 or SEC Modernization Rules.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

    This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Royalties. Forward-looking statements include, but are not limited to, the future price of gold, silver, copper, iron ore and other metals, the estimation of mineral reserves and resources, realization of mineral reserve estimates, the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.

    Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm Gold Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including the receipt of all required approvals, the price of gold and copper and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, failure to receive necessary approvals, changes in business plans and strategies, market conditions, share price, best use of available cash, gold and other commodity price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold or other commodity the Company will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.

    Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which the Company will purchase gold, other commodities or receive royalties from, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold and other commodities, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in the Company's annual report for the financial year ended December 31, 2020 and the section entitled "Risk Factors" contained in the Company's annual information form dated March 30, 2021 available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.

    SOURCE Sandstorm Gold Ltd.

    For further information: For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at info@sandstormgold.com; ERFAN KAZEMI, CHIEF FINANCIAL OFFICER, 604 689 0234; KIM BERGEN, CAPITAL MARKETS, 604 628 1164



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    To: LoneClone who wrote (162658)1/10/2022 3:40:19 PM
    From: LoneClone
       of 168894
     
    Golden Goliath Identifies High Priority Exploration Targets on Wish Ore Property

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 10, 2022) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) Golden Goliath Resources is pleased to report that the Company has received the final interpretation on the airborne geophysics survey that was flown on our Wish Ore project last season.

    The Company holds 100% ownership of the Wish Ore property, located in the Batchewana Bay area between Sault Ste Marie and Wawa Ontario. Part of the 2021 exploration work on Wish Ore included an airborne Mag and VLF-EM survey. Peter Diorio, P.Geo. of GeophysicsOne Inc., was contracted to do this interpretation and compile its results with the existing property data.



    Figure 1: Regional Overview of GNG Wishore Property

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    The excellent work by Mr. Diorio has identified 19 Areas of Interest (AOIs) for follow-up. While all of the anomalies look very encouraging, the most exciting of these are AOI 4 and AOI 8 which are located adjacent to known gold mineralization on the property at the Trench zone and the New Zone. AOI 1 and AOI 15 show large-scale potential as they appear to be associated with a 700 meter zone of interpreted flexure along the deep seated Carp River fault and the intersection of a northwest trending structure. AOI 13 is also an anomaly near the junction of the Carp River Fault and a northwest trending structure. Prospecting in 2019 identified large angular mineralized boulders 200 meters down ice southwest of this anomaly. In the underexplored southwest end of the property AOI 7 consists of an anomalous northwest trending mag low which cuts three east west trending mag highs. The area of the mag low is associated with VLF conductors and interpreted structures. This is interpreted to represent an area of alteration where magnetic minerals were destroyed by the alteration similar to what is seen in the areas of intense quartz carbonate alteration elsewhere on the property.



    Figure 2: Areas of Interest with Qtz carbonate zones on image of VLF Amplitude (Cutler, Maine) from Terraquest survey

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    The company is now working with our key advisors to put together an exploration plan to test these targets.

    Golden Goliath CEO Paul Sorbara PGeo comments: "Our previous work on this property has shown widespread gold mineralization. This new geophysics gives us the tools to focus our search on some very exiting targets."

    This news release has been reviewed by Gordon MacKay, P.Geo. who is acting as QP under the NI 43-101 requirements.

    On behalf of the Board of Directors

    Paul Sorbara, MSc, PGeo

    CEO, Golden Goliath Resources Ltd.

    About Golden Goliath

    Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties.

    To find out more about Golden Goliath visit our website at www.goldengoliath.com.

    Cautionary Statements Regarding Forward Looking Information

    Certain statements included herein may constitute "forward-looking statements". All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as "may", "must", "plan", "believe", "expect", "estimate", "think", "continue", "should", "will", "could", "intend", "anticipate" or "future" or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Company's continuous disclosure documents, which can be found under its profile on SEDAR ( www.sedar.com). Many of such risks and uncertainties are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR MORE INFORMATION CONTACT:
    Golden Goliath Resources Ltd.
    J. Paul Sorbara, M.Sc., P.Geo
    President & CEO
    Phone: +1(604) 682-2950 Email: jps@goldengoliath.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.

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    To: LoneClone who wrote (162659)1/10/2022 3:48:21 PM
    From: LoneClone
       of 168894
     
    Canada Silver Cobalt Reports High-Grade Silver and Cobalt Intersections at Castle East with up to 2,571.53 g/t Silver

    Many excellent intercepts providing silver and cobalt continuity up to 2,571.53 g/t Silver over 0.50m and 1.12% Cobalt over 0.51m coming from the 61 Zone

    newsfilecorp.com

    Coquitlam, British Columbia--(Newsfile Corp. - January 10, 2022) - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce a continued expansion at Castle East with strong intercepts from the 61 Zone.

    Drilling Highlights:

  • 61 Zone grades include 2,571.53 g/t silver over 0.50m, and 1.12% cobalt over 0.51m in hole CS-21-77W1, as well as 1,951.82 g/t silver over 0.55m, and 0.76% cobalt over 0.46m in hole CS-21-77. Both intercepts provide an up-dip extension to the 61-vein structure with CS-21-77W1 providing 22m of up-dip extension from discovery hole CS-21-61 that graded 30,416.91 g/t over 0.42m (See press release August 9, 2021).


  • Matt Halliday, President and Chief Operating Officer, commented: "Our team is extremely encouraged with these results. These intercepts are incredible, and we are continuing to expand on all our major mineralized zones. We can't wait to deliver more news on Big Silver, the 17m zone and zone 50 as we are getting results in and compiled. We are excited about the major upcoming resource update which will include several of the new high-grade silver veins discovered over the course of the drill program since the last resource estimate was published in May 2020."

    Table 1: Sample Details

    Hole IDZoneFrom (m)To (m)Length (m)Ag (g/tonne)AuEq (g/tonne)Co (%)
    CS-21-61W161 Zone470.35471.000.65807.4810.26<0.01
    CS-21-7761 Zone471.96472.420.46685.488.710.76
    CS-21-7761 Zone493.16493.710.551951.8224.810.10
    CS-21-77W161 Zone452.35453.000.65823.7810.47<0.01
    CS-21-77W161 Zone453.00453.500.502571.5332.690.01
    CS-21-77W161 Zone453.50454.150.65733.419.32<0.01
    CS-21-77W161 Zone486.00486.510.51681.578.661.12


    Note: Gold equivalent (AuEq) is based on USD $23.19 oz/ton Ag and USD $1,824.28 oz/ton Au calculated Jan. 5, 2022.

    Ongoing drilling in the Castle East area is geared toward expanding the existing resource panels outlined in the Company's maiden Resource Estimate reported in a news release May 28, 2020. The resource estimate was the first ever in the Greater Cobalt Camp, and identified zones 1A and 1B of the Robinson Zone with an average silver grade of 8,582 g/t (250 oz/ton) in a combined 27,400 tonnes of material for a total of 7.56 million Inferred ounces of silver using a cut-off grade of 258 g/t AgEq (mineral resources that are not mineral reserves do not have demonstrated economic viability). Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020 and a signature date of July 13, 2020.

    Location

    The Castle Property is located near the town of Gowganda and is 80 km west-northwest of Temiskaming Shores, Ontario, Canada. It is also 15 km east of Aris Gold Corp's Juby Gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.

    Qualified Person

    The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), President, COO and VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

    About Canada Silver Cobalt Works Inc.

    Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.

    In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

    CCW has 39,017.96 hectares of electric vehicle (EV) battery metals exploration properties (containing nickel, copper and cobalt) with 15 properties in Quebec and 1 in Northern Ontario. Exploration is underway at the Graal massive sulphide formation in Northern Quebec. Drill core has been encouraging with initial XRF results up to 2.79% nickel and 25.68% copper in hole NRC 21 03; lab results are still pending.

    Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver and battery metals. More information at www.canadasilvercobaltworks.com.

    "Frank J. Basa"
    Frank J. Basa, P. Eng.
    Chief Executive Officer

    For further information, contact:
    Frank J. Basa, P.Eng.
    Chief Executive Officer
    416-625-2342

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

    Caution Regarding Forward-Looking Statements

    This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

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    To: LoneClone who wrote (162660)1/10/2022 4:44:27 PM
    From: LoneClone
       of 168894
     
    Ivanhoe Mines Provides 2022 Production and Cost Guidance for Kamoa-Kakula Copper Complex

    2022 production guidance of between 290,000 to 340,000 tonnes of copper in concentrate

    Kamoa Copper produced 105,884 tonnes of copper in concentrate in 2021, exceeding the upper end of the guidance range, reflecting outstanding ramp-up of the Phase 1 operation

    Record monthly production of 18,853 tonnes achieved in December, with plant recovery averaging 88.5%

    Phase 2 expansion now 80% complete, expected to start operations in Q2 2022; pre-commissioning activities underway

    Phase 3 concentrator expansion targeted for 2024, with earthworks to access new mining areas well underway

    Kamoa Copper's outstanding growth profile is aligned with first-class sustainability and social initiatives in keeping with the project's goal of producing the world's "greenest copper"


    newsfilecorp.com

    Riyadh, Saudi Arabia--(Newsfile Corp. - January 10, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today, ahead of the inaugural Future Minerals Forum, that the 2022 annual production guidance for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) is between 290,000 and 340,000 tonnes of copper in concentrate.

    The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deductions associated with smelter terms.

    The guidance range for cash costs (C1) per pound of payable copper in 2022 is between $1.20 and $1.40 per pound of payable copper. Cash costs (C1) per pound of payable copper for Q3 2021 totaled $1.37/lb, while cost of sales per pound of payable copper sold for Q3 2021 was $1.08/lb. "Cash costs (C1) per pound" is a non-GAAP financial performance measure. Additional information is provided in the Non-GAAP Financial Performance Measures section of this news release.

    Kamoa Copper's copper-in-concentrate production for the year ended December 31, 2021, totalled 105,884 tonnes, exceeding the upper end of the increased guidance range of 92,500 to 100,000 tonnes. The year-end total was boosted by record monthly production of 18,853 tonnes achieved in December.

    2021 guidance had been raised from an initial range of 80,000 to 95,000 tonnes, during the course of the successful ramp-up of Kamoa Copper's Phase 1 concentrator plant, which began operations in late May 2021 and reached commercial operations on July 1, 2021.

    During the month of December, a record 372,000 tonnes of ore were milled at an average feed grade of 5.98% copper, exceeding the monthly design run rate of 316,667 tonnes by more than 17%.

    Copper flotation recoveries also achieved a record 88.5% in December. The Phase 1, steady-state design copper recovery is approximately 86%, depending on ore feed grade.

    Kamoa Copper expects to begin operations at the Phase 2 concentrator plant in Q2 2022. The Phase 2 concentrator plant is identical to the Phase 1 concentrator, with a nameplate milling capacity of 3.8 million tonnes per annum (Mtpa), and a similar ramp-up profile for the new concentrator is targeted, with the benefit of additional knowledge gained during the commissioning of Phase 1.

    The Phase 3 expansion also is advancing, with work ongoing on new box cut to open up the Kamoa Mine. An updated pre-feasibility study (PFS), including the Phase 3 expansion, is expected in Q3 2022.

    Watch a new video showcasing Phase 1 operations and the Phase 2 and Phase 3 expansion work underway at the Kamoa-Kakula Copper Complex: https://vimeo.com/663982551/a4a47fa41f

    Chart 1: Cumulative tonnes of copper produced from May 2021 to December 31, 2021.



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    2022 Guidance for Kamoa-Kakula

    Guidance is based on a number of assumptions and estimates as of December 31, 2021, including among other things, assumptions about the timing of the Phase 2 expansion and anticipated costs and expenditures. Production and cost guidance assumes the Phase 2 concentrator plant will commence copper production in Q2 2022 and that ramp-up will be in line with what was achieved with Phase 1. Guidance involves estimates of known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different.

    Kamoa-Kakula 2022 Guidance
    Contained copper in concentrate (tonnes)290,000 - 340,000
    Cash cost (C1) ($ per pound)1.20 - 1.40


    Cash costs (C1) per pound of payable copper for Q3 2021 of $1.37/lb reflected the measured ramp-up of production at Kamoa-Kakula to steady-state, and are expected to trend downward as the Phase 2 concentrator plant is commissioned and the mine's fixed operating costs are spread over increased copper production.

    C1 cash cost is a non-GAAP measure used by management to evaluate operating performance and include all direct mining, processing, and general and administrative costs. Smelter charges and freight deductions on sales to final port of destination (typically China), which are recognized as a component of sales revenues, are added to C1 cash cost to arrive at an approximate cost of delivered finished metal.

    Cost of sales per pound of payable copper sold for Q3 2021 was $1.08/lb. For historical comparatives see the Non-GAAP Financial Performance Measures section of this news release. Please also see the Management's Discussion and Analysis for the three and nine months ended September 30, 2021, for discussion of non-GAAP measures. All figures in the above table are on a 100%-project basis.

    "Kamoa Copper's outstanding operational success in 2021 is a product of the culture and values promoted throughout the organization," said Mr. Friedland. "We are focused on training and empowering our young, talented Congolese workforce to operate this globally significant copper mining and smelting complex for generations to come. We invest deeply in our people and we celebrate their diversity, as diversity is a core value and a key to our strength. Collectively we are determined to create long-term stakeholder and shareholder value through continued investment in discovering and developing world-class orebodies, technological innovation, strong corporate governance, environmental stewardship, empowering our host communities and intense focus on health and safety.

    "The Phase 2 expansion remains significantly ahead of schedule, and we are well on the way to doubling our annualized copper production to more than 400,000 tonnes starting early in Q2 2022, vaulting Kamoa Copper into the ranks of the world's ten largest copper mines.

    "Our outstanding team of geologists are confident that the Kamoa and Kakula mines are just the initial discoveries of a major new mining district, which extends the storied African Copperbelt in a southwesterly direction all the way to the Zambian border. We will be conducting an extensive drilling campaign on our majority-owned Western Foreland exploration licences this year to unlock the potential of this highly-prospective ground."

    The Kamoa Copper Complex with the Phase 1 and Phase 2 concentrator plants at the Kakula Mine. A small portion of Ivanhoe's Western Foreland exploration licences are in the background.



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    Muhemba Richard (left), operating an ore-truck simulator under the guidance of trainer Kasongo Kabila at Kamoa Copper's state-of-the-art training centre.



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    A 3D illustration of Kamoa-Kakula's Phase 2 concentrator flotation cells. The picture below shows the current progress, which is approximately 80% complete.



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    A convoy of trucks transporting Kamoa Copper's copper concentrate for export to international markets.



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    Kamoa-Kakula's Phase 1 (at top) and Phase 2 ball mills.



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    Phase 2 expansion now 80% complete, expected to start operations in Q2 2022

    Construction of the second 3.8-Mtpa concentrator plant (Phase 2) continues to progress ahead of schedule with hot commissioning expected to start in Q2 2022. Engineering, procurement and fabrication activities all are effectively complete, with construction activities well advanced. As of the end of December, the overall project was approximately 80% complete. Some pre-commissioning activities have started.

    The main construction focus now has shifted from structural steel erection and installation of platework, equipment and piping (SMPP) to electrical, control and instrumentation (EC&I) installation. Most areas have been handed over from the SMPP contractor to the EC&I contractor. All of the Phase 2 surface piping has been installed. Installation of cable racking is nearing completion and cable pulling and instrument installation is well advanced.

    More than 675 truckloads of Phase 2 plant construction equipment and materials already have been delivered to site.

    Updated PFS study, including Phase 3 expansion, expected in Q3 2022; work on new box cut to open up the Kamoa Mine advancing

    Kamoa Copper also is advancing the Phase 3 expansion, with operations at the first stream of the Phase 3 concentrator expected by the end of 2024. The Phase 3 concentrator will be located adjacent to the Kansoko Mine (at the Kansoko Sud orebody) and is being designed as two identical streams with a common dry front end, the same as the Phase 1 and 2 concentrators, but at a larger nameplate milling capacity per stream than the 3.8-Mtpa capacity of the Phase 1 and 2 concentrators.

    The Phase 3 concentrator is expected to be supplied with ore from the established mine at Kansoko, as well as from two new planned mines, named Kamoa 1 and Kamoa 2. The Kamoa 1 and Kamoa 2 mining areas will be accessed via a twin-decline system (the Kamoa Mine decline), and the box cut for the declines is under construction.

    Phase 3 also includes the construction of a direct-to-blister smelter, with a production capacity of 500,000 tonnes per annum of blister copper. Basic engineering, led by China Nerin Engineering Co., Ltd. of Jiangxi, China, is ongoing and expected to be completed in Q2 2022.

    The planned smelter is to be built adjacent to the Phase 1 and 2 concentrator plants, and is designed to meet the International Finance Corporation's emissions standards. The smelter has been sized to process the majority of the copper concentrate forecast to be produced by Kamoa-Kakula's Phase 1, Phase 2 and Phase 3 concentrators. With a nameplate capacity of 500,000 tonnes per annum of blister copper, it is projected to be one of the largest, single-line blister-copper flash smelters in the world, and the largest in Africa.

    Power for the Phase 3 expansion will be supplied by the upgrading of turbine 5 at the Inga II hydropower complex to provide an additional 162 megawatts (MW) of renewable hydropower. Basic engineering for the design of a new turbine wheel and runners is ongoing at the Heidenheim offices of contractor Voith Hydro, and the contractor's team is preparing to mobilize on site.

    Study work on all aspects of the Phase 3 expansion is progressing well, with further information to be provided in Q2 2022 as estimates are completed, and an updated PFS expected to be released in Q3 2022.

    Mining crews produce 756,000 tonnes grading 5.25% copper from the Kakula and Kansoko mines in December

    Underground mine production from the Kakula and Kansoko mines was 756,000 tonnes grading 5.25% copper from November 21st to December 31st, including 272,000 tonnes grading 6.53% copper from the Kakula Mine's high-grade centre and 77,600 tonnes grading 4.15% copper from the Kansoko Mine. The production measuring month was longer than normal in order to close out the year.

    Production levels from the mine are well above target, and will be boosted by three additional underground ore trucks commissioned on December 28, 2021.

    The project's surface stockpiles now contain approximately 4.19 million tonnes of high-grade and medium-grade ore at an estimated, blended average of 4.63% copper. Contained copper in the stockpiles at the end of December now totals more than 194,000 tonnes (the current copper price is approximately $9,600 per tonne).

    Chart 2: Growth in cumulative tonnes of contained copper in surface stockpiles from May 2020 to December 31, 2021.



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    Chart 3: Cumulative tonnes and grade of contained copper in surface stockpiles from May 2020 to December 31, 2021.



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    Ore stockpiles at the Kakula North decline containing 2.04 million tonnes grading 5.13% copper as of December 31, 2021.



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    Ore stockpiles at the Kakula South decline containing 1.45 million tonnes grading 4.26% copper as of December 31, 2021.



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    The Kansoko Mine decline and ore stockpiles containing 696,000 tonnes grading 3.92% copper as of December 31, 2021.



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    Floribert Monga, Instrument Technician, wiring a distribution box for a control valve in the Phase 2 concentrator plant.



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    Boris Kitupa, Security Supervisor (left), and Philo Nsenga, Security Controller, monitoring security cameras in the Kakula North control room.



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    Stani Kayinda, Assistant Boilermaker, working on the Phase 2 concentrator plant.



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    Jean Mabungu, Fitter, at the Phase 2 concentrator plant.



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    About the Kamoa-Kakula Copper Complex

    Kamoa-Kakula is projected to be the world's highest-grade major copper complex, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations, and 5.9% copper over the initial 10 years of operations. Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, while the Phase 2 expansion is forecast to increase production to more than 400,000 tonnes of copper annually.

    Based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

    The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%). A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

    Non-GAAP Financial Performance Measures

    Cash costs (C1) and cash costs (C1) per pound are non-GAAP financial measures. These are disclosed to enable investors to better understand the performance of the Kamoa-Kakula Project in comparison to other copper producers who present results on a similar basis. Cash costs (C1) are prepared on a basis consistent with the industry standard definitions by Wood Mackenzie cost guidelines but are not measures recognized under IFRS.

    Below is a reconciliation of Kamoa-Kakula's historical cost of sales to cash costs (C1), including on a per pound basis:



    Kamoa-Kakula

    Q3 2021

    $'000




    Cost of sales
    98,663



    Logistics, treatment and refining charges
    37,915
    General and administrative expenditure
    34,265
    Royalties and production taxes
    (25,137)
    Depreciation
    (24,061)
    Movement in finished goods inventory
    286
    General and administrative expenditure of other group entities
    (410)

    C1 cash costs 121,521



    Cost of sales per pound of payable copper sold ($ per lb)
    1.08
    C1 cash costs per pound of payable copper produced ($ per lb)
    1.37


    All figures above are on a 100% basis. See the Management's Discussion and Analysis for the three and nine months ended September 30, 2021, for further discussion of non-GAAP measures.

    Qualified Persons

    Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is Kamoa Copper's Head of Projects. Mr. Amos has verified the technical data disclosed in this news release.

    Other disclosures of a scientific or technical nature regarding the stockpiles in this news release have been reviewed and approved by George Gilchrist, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines. Mr. Gilchrist has verified the other technical data related to the stockpiles disclosed in this news release.

    The stockpile grade estimates contained in this release are based upon bulk ore sampling from material being fed to the plant from surface stockpiles, and underground vertical channel sample profiles from recent development. Channel sample profiles are cut approximately 15 metres apart in 1-metre vertical increments across the full vertical exposure using a handheld grinder, with a 100-to-150-gram sample collected. The samples are pulverized at the project's onsite laboratory and analyzed using a portable XRF (pXRF) instrument. Kamoa Copper has routinely analyzed its exploration drill core for copper using pXRF, in addition to analysis at a commercial laboratory using four acid digest and ICP-OES. This data has demonstrated that pXRF results can be relied upon for grade control and run-of-mine sampling. Due to rounding, numbers presented throughout this news release may not add up precisely.

    Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company's website and under the company's SEDAR profile at www.sedar.com:

    • Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.
    The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

    About Ivanhoe Mines

    Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.

    Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula is being powered by clean, renewable hydro-generated electricity and is projected to be among the world's lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.

    Information contacts

    Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

    Forward-looking statements

    Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance and results and speak only as of the date of this release.

    Such statements include without limitation, (i) that 2022 production guidance for the Kamoa-Kakula Copper Complex is between 290,000 to 340,000 tonnes of copper in concentrate; (ii) that 2022 cost guidance for the Kamoa-Kakula Copper Complex is between $1.20 and $1.40 per pound of payable copper on a cash cost (C1) basis; (iii) all statements regarding the Phase 2 expansion is expected to start operations in Q2 2022; (iv) all statements regarding the Phase 3 expansion expected to begin operations by the end of 2024; (v) statements regarding Kakula is projected to be the world's highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations and 5.9% copper over the initial 10 years of operations; (vi) statements regarding Kamoa-Kakula's Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and Phases 1 and 2 combined are forecast to produce more than 400,000 tonnes of copper per year; (vii) statements regarding based on independent benchmarking, the project's phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world's second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (viii) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; and (ix) statements that the updated PFS for Phase 3 expansion is expected to be completed in Q3 2022.

    Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under "Risk Factors", and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

    Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.

    The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the "Risk Factors" section in the company's 2021 Q3 MD&A and its current annual information form.

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    To: LoneClone who wrote (162661)1/10/2022 5:27:51 PM
    From: LoneClone
       of 168894
     
    Basin Uranium Provides 2021 Year in Review

    newsfilecorp.com

    Vancouver, British Columbia--(Newsfile Corp. - January 10, 2022) - BASIN URANIUM CORP. (CSE: NCLR) ("Basin Uranium" or the "Company") is pleased to provide a summary of the Company's key accomplishments and transformational development in 2021.

    "Last year was a year of significant development for the Company, from IPO through to a transformational acquisition, marking the Company's entrance into the uranium industry. This, coupled with $6.1 million raised, will allow the Company to chart a clear course through exploration and unlocking value for shareholders," commented Mike Blady, CEO of Basin Uranium. "The uranium industry is at an inflection point, with spot prices increasing over 60% from the past 24-months, as the world continues to demand 'greener' power with a smaller carbon footprint. Based on stated goals and recent public-policy developments, the demand for uranium will only continue to rise and further outstrip supply."

    Mann Lake Project Acquisition

    On October 18th, 2021 the Company announced it entered into an option agreement with Skyharbour Resources Ltd. to acquire a 75% interest in the Mann Lake Uranium project located in the Athabasca Basin, Northern Saskatchewan, Canada. The Mann Lake project is comprised of 3,473 hectares (8,582 acre) project is strategically located 25km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco's Millennium uranium deposit. The Mann Lake project is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and AREVA (17.5%).

    Successful Series of Capital Raises

    During 2021, the Company successfully completed a series of financings, raising a total of $6.1 million. On November 8th, 2021 the Company completed a non-brokered private placement for $2.5 million through the issuance of 7,144,661 shares at $0.35 per share. On December 7th, 2021, the Company completed a brokered private placement of charity flow-through units for $3.6 million through the issuance of 5.64 million flow-through units at $0.64 comprised of one flow-through share plus one-half warrant exercisable at $0.75 for two years.

    Management Additions

    On October 28th, 2021 the Company announced the appointment of Mr. Mike Blady as the new Chief Executive Officer and Mr. Joel Leonard joined as Chief Financial Officer. Mr. Blady is an entrepreneur and geologist with over 12 years' experience in the capital markets and natural resource development and has been involved in capital raises in excess of $100 million over the course of his career. Mr. Leonard is the founding Partner of JCL Partners and has worked with public companies for over seven years providing financial reporting and compliance services in senior capacities.

    Corporate Developments

    In addition to the Company's primary listing on the Canadian Securities Exchange (CSE), the Company listed its shares on the OTC Markets, trading under the US OTC symbol "BURCF," and also on the Frankfurt Stock Exchange under trading symbol "6NP0."

    The listing of the Company's shares on the Frankfurt Stock Exchange will broaden the Company's shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Basin Uranium by the European investing community. The Frankfurt Stock Exchange is the world's third largest organized exchange trading market in terms of turnover and dealing in securities. Only the NASDAQ and the New York Stock Exchanges are larger. The electronic trading platform of the Frankfurt Stock Exchange, XETRA has made it the world's second largest fully electronic cash market.

    The listing of the Company's shares on the OTC Markets will broaden the Company's shareholder base in the USA, with a strong US market appeal given the project's North American location, increasing its trading activity and facilitating participation by US-based investors. The shares are currently listed on the OTC Markets PINK sheets and seeking The Depositary Trust Company ("DTC") eligibility.

    In addition, the Company is pleased to announce that the Company has engaged Think Ink Marketing Data & Email Services, Inc. ("Think Ink") to provide public relations services. The agreement is for six months at a cost of US$100,000. Services provided by Think Ink include SEM (search engine marketing), search retargeting, email campaigns, and social media optimization (e.g., using tactics such as geofencing). With the exception of the agreement to provide the foregoing services, the Company does not have any relationship with Think Ink. Think Ink does not hold, directly or indirectly, and securities of the Company or a right to acquire such securities.

    About Basin Uranium Corp.

    Basin Uranium Corp. is a Canadian junior exploration company focused diversified mineral resources. The Company recently acquired an option to acquire a 75% interest in the Mann Lake uranium project, located in the Athabasca basin in Northern Saskatchewan, Canada, and is also currently undertaking the CHG gold exploration project located approximately 15 kilometers northwest of the town of Clinton in south-central British Columbia. The CHG Project consists of seven contiguous mineral claims covering 3,606 hectares.

    For further information, please visit newsfilecorp.com or email info@basinuranium.ca.

    Mike Blady
    Chief Executive Officer
    info@basinuranium.ca
    604-720-3474

    Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

    FORWARD-LOOKING STATEMENTS:

    Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

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    To: LoneClone who wrote (162662)1/10/2022 5:36:12 PM
    From: LoneClone
       of 168894
     
    Column: China's lead export boom helps rebalance polarised market

    reuters.com

    By Andy Home

    LONDON, Jan 10 (Reuters) - China's exports of refined lead continued to accelerate over the back end of last year, November's tally of 41,000 tonnes marking the highest monthly total in over a decade.

    Outbound shipments started picking up in August and the cumulative total over the first 11 months of 2021 was 89,000 tonnes.

    That's the highest level of exports since 2007, a historical comparison that comes with the important caveat that China imposed an export tax on refined lead in June of that year.

    The 10% duty constrained outbound flows over the last decade and until last year China had been a net importer since 2016.

    The rare inversion of normal trade patterns is a reflection of the abnormal polarisation of the global lead market last year.

    As Chinese stocks of lead ballooned, London Metal Exchange (LME) stocks dwindled. High physical premiums for lead, particularly in the United States, signalled a super-tight supply chain resulting from resurgent demand coupled with smelter closures.

    China is now coming to the rescue of beleaguered buyers everywhere else, export flows acting as the rebalancing mechanism.



    China's refined lead imports highest since 2007

    UNUSUAL EXPORTS

    China's export volumes in November alone exceeded every yearly total since 2015, which attests to the dramatic nature of the trade inversion.

    Outbound shipments have also been heading to highly unusual destinations. China hasn't exported refined lead to the United States since the 2000s but shipped a combined 37,000 tonnes over October and November, according to China's customs department.

    Another 11,000 tonnes departed in November for the Netherlands, another extremely rare export destination.

    The balance of China's August-November exports was largely split between Taiwan (15,000 tonnes), South Korea (14,000 tonnes) and Vietnam (6,000 tonnes).

    It's worth noting that there are LME warehouses in both South Korea and Taiwan. South Korea's Busan saw 6,425 tonnes of lead put on warrant in October and another 6,050 tonnes in November, while Taiwan's Kaohsiung received 2,925 tonnes in October.

    However, LME arrivals totalled just 1,100 tonnes in December, suggesting that much of what China has shipped has been absorbed into the physical supply chain or is still waiting to undock.



    US physical lead premiums are still high and rising

    HIGH PREMIUMS PERSIST

    Port congestion and high shipping rates, particularly for containers used to ship refined metal, massively disrupted the lead market last year.

    The United States has no domestic primary lead production capacity and the March 2021 closure of Clarios' secondary recycling plant blew a hole in regional supply.

    U.S. buyers found themselves at the wrong end of a freight-disrupted global supply chain and paying record premiums for their metal over and above the LME price.

    Those premiums are still rising. Fastmarkets' most recent assessment of the U.S. Midwest market for 99.97% lead stands at a fresh record high of 17-20 cents per lb ($375-440 per tonne), up from 15-18 cents in December.

    It's clear that what has left from China has yet to improve availability in the spot market, likely reflecting continued port log-jams and trucking issues.

    There's similarly little sign of alleviation in Europe's physically stressed market. Indeed, the premium for 99.97% lead in warehouse in Northern Europe currently stands at $30-50 over LME cash, up from $20-30 at the start of December, according to Fastmarkets.

    Europe is still feeling the impact of the closure due to flooding of Germany's Stolberg lead smelter last July. The 155,000-tonne per year plant, owned and operated by Ecobat, remains out of action but expected to return after a rebuild in spring this year.

    There are a lot of supply gaps to be filled, which is why LME inventory remains so low.

    SLOW REBALANCING

    LME stocks of lead closed December at 54,375 tonnes, down by 59% - 78,800 tonnes - on the year.

    The LME has fulfilled its function as the market of last resort with stocks tapped by desperate buyers.

    That role, however, may also mean it's the last in line to receive China's exports.

    The LME benchmark cash-to-three-months time-spread remains backwardated, although the cash premium has contracted from last August's peak of $218.50 to $14.75 per tonne at Friday's close.

    Despite China's hefty exports, there is still more lead in Shanghai Futures Exchange warehouses - 89,147 tonnes of it - than in the LME's global warehouse network.

    Together with Chinese lead production rising by 12.4% in the first 11 months of 2021, there is potential for China to remain a net exporter for some time.

    The rest of the world certainly still seems to need the metal.

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    To: LoneClone who wrote (162663)1/10/2022 5:38:05 PM
    From: LoneClone
       of 168894
     
    Goldplay Mining: New Discoveries at the Big Frank Project in BC; Drilling Planned for Summer

    accesswire.com

    Monday, January 10, 2022 7:00 AM

    VANCOUVER, BC / ACCESSWIRE / January 10, 2022 / Goldplay Mining Inc. (TSXV:AUC)(OTCQB:AUCCF)(Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce results from its 2021 field program on the Big Frank Project ("Big Frank", or the "Project"), located in southwestern British Columbia approximately 285 km north of Vancouver, with logging road access to the western Project area.

    HIGHLIGHTS

    • 16 grams per tonne ("g/t") gold ("Au") with 1162 g/t silver ("Ag") from grab sample of a newly discovered vein south of Darlene showing
    • 37.3 g/t Au, 174 g/t Ag and 4.3% copper ("Cu") from grab samples confirming mineralization on Conductor F zone near Hannah prospect
    • expansion of copper, molybdenum in soil anomaly by 400m at the Hannah porphyry copper-molybdenum("Mo")-gold prospect
    • discovery of source area of Confederation Glacier historical gold-silver talus fine anomaly
    • initial $1.5 million to be funded from existing cash for 2022 drill program
    Catalin Kilofliski, Goldplay Mining President & CEO stated: "We are extremely pleased with recent high grade gold, silver and copper discoveries and expansion of historical copper, molybdenum and gold in soil anomalies made in 2021, further confirming excellent exploration potential at Big Frank. Considering the new discoveries and significant historical results, we have already submitted a drill permit, begun communications with local First Nations and are making preparations for a drill campaign for the summer."

    The Project was optioned by Goldplay in late August, 2021. The Project is a prime target for new discoveries based on more extensive exposure of favourable alteration and gossans due to rapidly diminishing glacier cover in an area with known porphyry copper and gold-bearing shear/vein type mineralization. The September 2021 field exploration program (the "Program") focused on an initial examination and evaluation of the Hoodoo North and Hannah porphyry prospects, the Discovery and Conductor F gold zones at Hannah, and the margins of the Darlene gold bearing polymetallic vein and skarn showing and follow up of a 1988 gold-silver talus fine anomaly in the Confederation Glacier area.

    A total of 104 rock and 165 soil/talus fine samples were collected by 4 geologists across the 20 km long Project during the Program. Sample locations with thematically plotted gold and copper results are shown on Figures 1 and 2, with significant results from Goldplay's 2021 program labelled.

    Hannah Porphyry

    Soil sampling in 2021 focused mainly on newly exposed areas (due to glacial retreat) to the north and northwest of the Hannah prospect. The 1 by 1.2 km historical Hannah copper±molybdenum±gold porphyry soil anomaly was extended approximately 400m to the northwest with values ranging from negligible to 243 ppm Mo and 0.57% Cu (average of 52 ppm Mo and 0.064% Cu).

    Hannah Prospect Gold Zones

    2021 sampling of the Discovery zone confirmed significant previous gold results from shear/vein hosted mineralization yielding 3.06 g/t Au over 3.1m, including 5.72 g/t Au over 1m, from 1988 historical Trench 2 and grab samples of 17.1 g/t with 4.76% Cu, and 7.05 g/t Au with 1.59% Cu from the face of the exposure. Eight grab samples from similar style mineralization at the Conductor F zone, 350m to the west ranged from 1.25 to 37.3 g/t Au (with an average of 18.0 g/t Au), locally with high silver to 174 g/t and copper to 4.25%. Two chip samples from the incomplete exposure at 1988 historical Trench 3 at this location yielded lower results of 0.45 g/t Au over 1.8m. The mineralization at both zones is generally accompanied by extremely high bismuth (to 5077 ppm) and significant silver and copper. Additional conductors were obtained in the 1988 geophysical survey which remain untested.

    Other quartz vein zones were grab sampled by Goldplay within the Hannah porphyry alteration zone which returned significant gold results with similar geochemistry as above ± significant to high tellurium (21.59 ppm). Values of 5.45 g/t Au, and 1.12 g/t Au were obtained 500m northwest and 800m north of the Discovery zone and another vein zone about 2 km north of the Discovery zone contained 1.96 g/t Au, 70.8 Ag, 2.75 Cu and 15 ppm bismuth.

    Darlene

    Goldplay discovered a 30 cm quartz-sulphide vein containing 16.0 g/t Au with 1162 g/t Ag, 0.68% lead and 0.09% zinc ("Darlene South") south of the previously known Darlene skarn/polymetallic vein showing in the northwestern Project area. Three additional samples of smaller veins along a 400m northerly trend returned 0.122 to 0.369 g/t Au with elevated silver, zinc, ± lead. This discovery may represent the southern extent of the source of polymetallic vein float from which the British Columbia Geological Survey obtained 15.5 g/t Au near the Darlene silver-lead vein showing. Additional veins were noted, having been exposed by receding glaciers, which will be sampled during the 2022 field program.

    Scattered soil samples through the Darlene South area returned >0.1 to 1.46 g/t Au with anomalous silver, lead, zinc, ± bismuth. The anomalous soils may represent part of a much larger gold anomaly emerging at the edge of an ice field. A 200 by 650m >0.1 to 13.5 g/t Au soil anomaly lies about 700m to the south, with the same geochemical signature except ± tellurium. Extensive quartz veining was encountered within this soil anomaly yielding low anomalous gold values of 0.1 to 0.54 g/t Au, also accompanied by significant silver, bismuth, commonly tellurium and occasional zinc. Veins continue to the south but are less extensive with lower gold.

    Confederation Glacier

    Follow up of a 1988 historical three station gold-silver talus fine anomaly of 1.24 to 1.55 g/t Au with 4.8 to 11.2 g/t Ag in the Confederation Glacier area led to the discovery of a strong, variably altered zone of clay-sericite and locally strongly silicified Miocene feldspar porphyry about 250m upslope. A weakly brecciated clay-sericite altered sample with oxidized cubic pyrite yielded 5.5 g/t Au. A gold in talus fine anomaly of >0.065 to 2.68 g/t Au (average of 0.91 g/t Au from 14 samples) extends for 300m below the alteration zone and directly uphill of the historical anomaly andis open in both directions. A number of sporadic gold (>0.1 to 0.81 g/t) and copper (>0.1 to 0.33%) in soil values with 0.42 and 0.23% Cu in quartz-sulphide veins lie 400m to the west-northwest of the talus fine anomaly.

    Maps are available at the end of the news release and on Company's website.

    QAQC

    All samples were sent to MS Analytical Laboratories ("MSALabs") in Langley, British Columbia for sample preparation and analysis. At the laboratory, rock sample preparation involved drying, fine crushing to better than 70% passing minus 2 mm, then pulverizing a 250g split to better that 85% passing 75 microns (PRP 910). Soil sample preparation involved drying and screening to minus 80 mesh (PRP-757). For the rocks the fine fraction was analyzed for gold by fire assay on a 30g aliquot with an atomic absorption spectroscopy ("AAS") finish (FAS-111), and for 48 additional elements by four acid digestion and inductively coupled plasma ("ICP") - mass spectroscopy ("MS") ultra trace level analysis (IMS-230). The fine fractions of the soils were analyzed for 39 elements, including gold, by aqua regia digestion and ICP-atomic emission spectroscopy ("AES")/MS ultra trace level analysis on a 20g aliquot (IMS-128). Quality control samples were regularly analyzed by the laboratory and include blanks, certified reference materials, and duplicates of crushed and pulverized material. MSALabs is ISO/IEC 17025:2017 accredited for the procedures performed.

    Qualified Person

    Jean Pautler, P.Geo., an independent consultant to the Company and a a qualified Person within the context of Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects, examined the Project during the September 2021 exploration program and approved the technical information in this news release.

    About Goldplay Mining

    Goldplay Mining is a Canadian public company listed on TSXV and in US on OTCQB. Goldplay holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC with potential for world class mineral discoveries. The Company also holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

    On behalf of the Board of Directors

    "Catalin Kilofliski"

    Catalin Kilofliski
    President, CEO & Director

    For further information please contact:

    Goldplay Mining Inc.

    Mr. Catalin Kilofliski, President & CEO
    Suite 650 - 1021 West Hastings Street
    Vancouver, BC V6E 0C3
    T: (604) 655-1420
    E: catalin@Goldplaymining.ca
    www.Goldplaymining.ca

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

    Forward Looking Information

    This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the exploration potential of the Big Frank Project, including planned future exploration programs. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements involve risks and uncertainties relating to, among other things, results of exploration and development activities, management's discretion to revise proposed exploration programs, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and unanticipated environmental impacts on operations. Although the Company believes current conditions and expected future developments and other factors that have been considered are appropriate and that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. The statements in this press release are made as of the date of this release. Except as required by law the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    FIGURE 1: GOLD GEOCHEMISTRY

    FIGURE 2: COPPER GEOCHEMISTRY

    SOURCE: Goldplay Mining Inc.

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