| To: LoneClone who wrote (162767) | 1/13/2022 3:40:30 PM | | From: LoneClone | | | | Radisson exploration drilling suggests potential fourth high-grade mineralized trend, 1,200 m east of the old O’Brien Mine
radissonmining.com
12 January 2022
Press releases
Multiple intercepts including 31.56 g/t Au over 2.00 m and 13.83 g/t Au over 2.40 m Key highlights
- Significant intercepts from exploration drilling along new high-grade trend #4
- OB-21-241: 31.56 g/t Au over 2.00 m including 60.80 g/t Au over 1.00 m
- OB-21-228: Multiple high-grade intercepts including,
- 13.83 g/t Au over 2.40 m including 29.30 g/t Au over 1.10 m
- 9.30 g/t Au over 1.90 m including 17.55 g/t Au over 1.00 m
- 5.66 g/t Au over 2.00 m including 10.35 g/t Au over 1.00 m
- OB-21-229: 5.14 g/t Au over 2.00 m and 5.95 g/t Au over 2.20 m
- OB-21-244: 4.03 g/t Au over 2.15 m and 4.70 g/t Au over 2.00 m
- New results along with historical drilling suggests a fourth potential high-grade mineralized vector (trend #4) approximately 1,200 m east of the old O’Brien Mine
- This sector does not contribute meaningfully to current resources. Drilling has traced mineralization down to a vertical depth of 330 m in this area which remains open for expansion over 750 m laterally and at depth.
- Significant intercepts from resource expansion drilling along high-grade trend #3
- OB-21-255: 15.68 g/t Au over 2.00 m including 25.10 g/t Au over 1.00 m
- OB-21-256: 11.75 g/t Au over 2.50 m including 24.30 g/t Au over 1.00 m
- Drilling to date has traced mineralization to a depth of 500 m in this sector where current resources are largely limited to a vertical depth of 240 m.
- 130,000 m drill program underway at O’Brien
- 116,000 m completed thus far with results pending for 34,000 m
- Cash balance of approx. $11.0 million
“In addition to targeting resource expansion along previously defined high-grade trends 1, 2 and 3, we are also stepping out to define additional O’Brien-like mineralized trends to the east of trend #3 and to the west of the historic O’Brien Mine. We are very pleased to report recent results including 13.83 g/t over 2.40 m (OB-21-228) and 31.56 g/t Au over 2.00 (OB-21-241) that appear to confirm a potential fourth high-grade mineralized vector further east of trend #3 and 1,200 m east of the old O’Brien Mine. Current and historical intercepts have now traced mineralization down to a vertical depth of 330 m in this sector that does not meaningfully contribute to current resources. In addition, drilling continues to highlight resource expansion potential along high-grade trend #3, with notable new intercepts including 15.68 g/t Au over 2.00 m (OB-21-255) and 11.75 g/t Au over 2.50 m (OB-21-256).
While results thus far cover only 1.2 km of strike to the east of the O’Brien Mine, today’s results re-affirm the potential upside from the more than 5 km of prospective strike that we control along the Cadillac Break. Results are pending from 34,000 m of drilling in 74 holes, of which 33 holes have visible gold occurrences. This includes an initial 5,700 m exploration drill program completed to the west of the O’Brien Mine and 28,300 additional meters completed on Trend 0, 1, 2 and 3. In addition, we are currently drilling high priority targets below previously encountered mineralization in trend #1 and #2. We expect a significant amount of news flows in the weeks and months ahead as these results become available.” commented Rahul Paul, President and Chief Executive Officer.
HoleZone From (m)To (m)Core Length (m)Au (g/t) - UncutComments |
| OB-21-228 | Trend #4 |
|
|
|
|
|
|
|
|
| 171.10 | 173.00 | 1.90 | 9.30 | Pontiac Sediments |
| Including |
| 172.00 | 173.00 | 1.00 | 17.55 |
|
| AND |
| 394.90 | 397.30 | 2.40 | 13.83 | Southern porphyry |
| Including |
| 394.90 | 396.00 | 1.10 | 29.30 |
|
| AND |
| 442.30 | 444.30 | 2.00 | 5.66 | Northern porphyry |
| Including |
| 442.30 | 443.30 | 1.00 | 10.35 |
| | OB-21-229 | Trend #4 |
|
|
|
|
|
|
|
|
| 77.00 | 79.00 | 2.00 | 5.14 | Pontiac Sediments |
| AND |
| 152.80 | 155.00 | 2.20 | 5.95 | Pontiac Sediments *VG | | OB-21-241 | Trend #4 |
|
|
|
|
|
|
|
|
| 145.00 | 147.00 | 2.00 | 31.56 | Southern Porphyry *VG |
| Including |
| 146.00 | 147.00 | 1.00 | 60.80 |
| | OB-21-244 | Trend #4 |
|
|
|
|
|
|
|
|
| 36.00 | 38.15 | 2.15 | 4.03 | Pontiac Sediments*VG |
| AND |
| 153.80 | 155.80 | 2.00 | 4.70 | Pontiac Sediments*VG | | OB-21-255 | Trend #3 |
|
|
|
|
|
|
|
|
| 352.00 | 354.00 | 2.00 | 15.68 | Southern Mafic Volcanic*VG |
|
| Including | 353.00 | 354.00 | 1.00 | 25.10 |
| | OB-21-256 |
| Trend #3 |
|
|
|
|
|
|
|
| 416.00 | 418.50 | 2.50 | 11.75 | Northern Porphyry |
|
| Including | 417.30 | 418.50 | 1.20 | 24.30 |
|
4. Table includes only intercepts that meet 5 g/t Au cut-off and minimum mining width constraints used in the 2019 MRE. For a full listing of drill results from current drilling program click here. Drilling at O’Brien continues to validate the litho-structural model while highlighting resource growth potential laterally and at depth
Drilling to date has continued to define and expand four high-grade mineralized trends, located approximately 300 m, 600 m, 900 m and 1,200 m respectively to the east of the old O’Brien Mine. Mineralized trends identified bear similarities with structures previously mined at O’Brien down to a depth of 1,100 m (historical production of 587 koz grading 15.25 g/t).
Drilling so far has demonstrated continuity of mineralization well below the boundary of defined resources in all three trends, which remain open for expansion laterally and at depth. In trend #1, drilling has highlighted continuity of mineralization down to a vertical depth of 950 m, while current resources are mostly limited to a vertical depth of approximately 600 m. In trend #2, drilling has highlighted continuity of mineralization down to a vertical depth of over 800 m, while current resources are mostly within 400 m from surface. We are currently drilling a series of deeper holes below 950 m in trend #1 and 800 m in trend #2, in order to test high potential targets at depth in these sectors. In trend #3, drilling has traced mineralization down to 500 m vertical depth from surface. Current resources are mostly confined to within a vertical depth of 240 m. While trend #4 does not materially contribute to current resources, drilling thus far has traced mineralization to a vertical depth of 330 m.
Results released thus far from the ongoing campaign cover a strike length of approximately 1.2 km to the east of the old O’Brien mine, representing only a small portion of more than 5.2 km of prospective strike that Radisson controls along the Cadillac Break. Given current geological understanding, the ongoing validation of the litho-structural model, the company estimates there is strong exploration for additional high-grade gold trends along the whole 5.2 km prospective land package on the prolific Larder-Lake Cadillac Break.
116,000 m of drilling completed to date with results pending for approx. 34,000 m
This release represents approximately 5,391 m of drilling in 16 drill holes. Results are pending for approximately 34,000 m in 74 holes including 33 holes with visible gold occurrences. Released results to date (since the commencement of drilling in August 2019) represent approximately 63% of the 130,000 m planned thus far. The company remains well funded with approximately $11.0 m in cash as of December 31, 2021.
ZoneAllocated drilling (m)Drilled - Results published (m)Drilled - Results pending (m)To be drilled (m) |
| Trend 0 | 18,300 | 6,600 | 11,700 | 0 | | Trend 1 | 40,700 | 27,900 | 6,800 | 6,000 | | Trend 2 | 38,500 | 25,200 | 4,300 | 9,000 | | Trend 3 | 15,700 | 10,200 | 5,500 | 0 | | Trend 4 / Eastern Exploration | 11,000 | 11,000 | 0 | 0 | | O'Brien West | 5,700 | 0 | 5,700 | 0 | | Total | 129,900 | 80,900 | 34,000 | 15,000 |
Figure 1. Au Grade Distribution: OB-21-228, OB-21-229, OB-21-241, OB-21-244, OB-21-255, OB-21-256
Figure 2. O’Brien Gold Project: Resource Block Model @ 5.0 g/t cut-off; Longitudinal section looking North
Figure 3. O’Brien Gold Project: Trend #3 and #4 – Longitudinal section
Figure 4. O’Brien Gold Project: Trend #3 – Cross section
Figure 5. O’Brien Gold Project: Trend #4 – Cross section
Figure 6. Visible gold in OB-21-229, OB-21-241, OB-21-244 and OB-21-255
QA/QC
All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 5 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Samples containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.
Qualified Person
Nicolas Guivarch, M. Sc., P.Geo., Senior Geologist – Technical Services is the qualified person pursuant to the requirements of NI 43-101, and have reviewed and approved the technical disclosure in this press release.
Radisson mining resources Inc.
Radisson is a gold exploration company focused on its 100% owned O’Brien project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. The Bousquet-Cadillac mining camp has produced over 21,000,000 ounces of gold over the last 100 years. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; Kenneth Williamson 3DGeo-Solution, July 2019). For more information on Radisson, visit our website at www.radissonmining.com or contact:
On behalf of the board of directors
Rahul Paul
President and Interim CEO
For more information on Radisson, visit our website at www.radissonmining.com or contact:
Hubert Parent-Bouchard
Chief Financial Officer
819-763-9969
hpbouchard@radissonmining.com
Forward-Looking Statements
All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the development of the O’Brien project and generally, the above “About Radisson Mining Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements and future events, could differ materially from those anticipated in such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in Radisson’s disclosure documents on the SEDAR website at www.sedar.com.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavours to develop the O’Brien project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. |
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| To: LoneClone who wrote (162768) | 1/13/2022 3:42:20 PM | | From: LoneClone | | | | Golden Dawn Minerals Drilling Permit for Tam O'Shanter Copper Gold Property, Greenwood BC in Final Stage
accesswire.com
Thursday, January 13, 2022 9:00 AM
VANCOUVER, BC / ACCESSWIRE / January 13, 2022 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("Golden Dawn" or the "Company"), announces that its wholly owned subsidiary, Kettle River Resources Ltd. (Kettle River), is in the final stages of a drill permit for the Tam O'Shanter Property at the Greenwood Precious Metals project in southeastern BC.
 Claim map for the Tam O' Shanter property located 3km west of Greenwood, BC.
Kettle River recently received a request from the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) for a security bond in the amount of $20,000 for the Tam O'Shanter drill permit The Company anticipates this permit will be in place for the start of the 2022 season. The Tam O'Shanter Multi-Year Area Based permit is for a total of 23 drill sites. Multiple holes can be drilled from each of the sites, so the permit allows for a total of at least 10,350 metres.
The Tam O'Shanter Property covers four areas of mineralization of which two are most significant: the Deadwood Zone and the Bengal Zone. An Inferred Mineral Resource was estimated for the Deadwood Zone at 874,000 tonnes grading 0.66 grams per tonne gold (see PEA Technical report by P&E Mining Consultants Inc., effective date May 5, 2017 and filed on SEDAR).
 The Deadwood Zone is comprised of a wide zone of intense shearing and silicification encompassing three or more quartz veins. A total of 50 drill holes have been drilled to date on the property, focussed on the Deadwood Zone. Golden Dawn previously completed 2 drilling campaigns in 2010 and 2011. The mineralized zone has been defined over a strike length of approximately 500m and to a depth of 400m.
The Bengal Zone is an epithermal gold target comprised of a large zone of epithermal silica flooding, hydrothermal brecciation and widespread alteration within Eocene sedimentary rocks. Only three holes were drilled historically to test the Bengal Zone and although gold and silver results were low, elevated gold values up to 2 grams per tonne gold occur in older rocks to the east that exhibit similar silicification and chalcedonic veining.
Other areas of interest include the Tam O'Shanter and Iva Lenore showings, which consist of disseminated pyrite and chalcopyrite mineralization in diorite and adjacent Knob Hill greenstone.
Initial drilling is planned to test Au-Cu soil anomalies associated with dioritic intrusive rocks, and around historic workings at the Bengal showing where there is an historic IP chargeability anomaly. Drilling is also being planned to expand the Inferred Mineral Resource along strike and at depth, and to test for parallel zones. Further property-wide exploration will benefit from the results of the airborne VTEM survey completed in 2021.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President of the Company and a Qualified Person as defined by National Instrument 43-101,
For more details, please see the most recent National Instrument 43-101 Technical Report on the Company's website at www.goldendawnminerals.com.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
Per: "Christopher R. Anderson"
Christopher R. Anderson CEO
For further information, please contact:
Golden Dawn Minerals Inc. - Corporate Communications: Tel: 604-488-3900
Email: Office@goldendawnminerals.com
Forward-Looking Statement Cautions: This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company's securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SOURCE: Golden Dawn Minerals Inc. |
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| To: LoneClone who wrote (162769) | 1/14/2022 12:07:57 PM | | From: LoneClone | | | | Red Metal Resources Announces Update on 2022 Exploration Program and Marketing and Investor Relations Services
newsfilecorp.com
Thunder Bay, Ontario--(Newsfile Corp. - January 12, 2022) - Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (the "Company" or "Red Metal") is pleased to announce the start of the Company's 2022 exploration program.
Red Metal has confirmed a drill contractor to execute a 2,000-metre diamond drill program expected to start on January 25th. Drill targets will be split between the known Farellon zone, previously drilled in 1996, 1997, 2009 and 2011, and targets identified along strike through surface sampling programs executed in 1996 and 2012.
The drill program will consist of up to six holes targeting down dip extents of known mineralization to approximately 175 metres vertical depth. The mineralized zone is estimated to have a depth of approximately 500 metres based on historic mine records from the Carrizal Alto mine located three kilometres along strike on the same structure hosting the Farellon vein. A further four holes will target the same structure along strike where surface sampling in 2012 confirmed mineralized vein for a further three kilometres with assays of up to 5.78% Cu with 0.17% Co and 4.37% Cu with 0.06% Co.
Caitlin Jeffs, CEO and President of Red Metal Resources, commented, "2022 is going to be an exciting year to be a copper explorer and we are looking forward to expanding on our known zones, and also drill testing new targets with fantastic potential."
Marketing and Investor Relations
The Company is pleased to announce it has engaged Aktiencheck.de AG, owned by Stefan Lindam (collectively, "Aktiencheck"), for €50,000 for a European marketing and news dissemination program. The length of such program depends upon the volume of the Company's future news flow. Aktiencheck is also managing the Company's application to list on the Frankfurt Stock Exchange. Over 3,000 international companies are listed on the Frankfurt Exchange, Red Metal anticipates the Frankfurt listing will help increase trading liquidity and facilitate investment in the Company by institutional and retail investors across Europe.
The Company has engaged Investment-Zirkel-München ("IZM") that offers several services including news dissemination, conference calls, real time investor forums and an active investors network throughout Europe. IZM has a select investor following that participate in both financings and open market buying. The IZM contract is for a two-year term at a cost of CAD$12,600.
In addition, the Company engaged James MacFarlane to provide investor relations services in Canada on a month-to-month basis for CAD$5,000 per month, and Richard Cavalli to provide market awareness services in the United States on a month-to-month basis at a cost of USD$5,000 per month.
Qualified Person
The technical information in this release has been reviewed and verified by Caitlin Jeffs, P. Geo., President, CEO of the Company and the Qualified Person as defined by National Instrument 43- 101
Health and Safety
The health and safety of our personnel and contractors is always top priority to Red Metal. The current situation presents new challenges above and beyond what we normally face while working in the field. Red Metal has implemented further measures to ensure the health and safety of all working on the Company's projects.
About Red Metal Resources Ltd.
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing copper-cobalt-gold assets in Chile. The Company's projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera. Red Metal is quoted on the CSE under the symbol RMES and on OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF.
Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws including, without limitation statements related to the description of its exploration plans. Red Metal provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, ability to raise adequate financing, receipt of required approvals and unprecedented market and economic risks associated with current unprecedented market and economic circumstances, as well as those risks and uncertainties identified and reported in Red Metal's public filings under its SEDAR profile at www.sedar.com. Although Red Metal has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Red Metal disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
The CSE has not approved or disapproved the contents of this news release or passed upon the merits of any of the transactions described herein.
Neither the CSE nor its Regulation Services Providers (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For more information, visit www.redmetalresources.com
Contact:
Red Metal Resources Ltd.
Caitlin Jeffs, P.Geo, CEO
1-866-907-5403
www.redmetalresources.com |
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| To: LoneClone who wrote (162770) | 1/14/2022 12:10:11 PM | | From: LoneClone | | | | Teck says United Steelworkers issue strike notice at its Highland Valley copper mine
ca.finance.yahoo.com
Wed., January 12, 2022, 6:00 a.m.·1 min read
VANCOUVER —
Teck Resources Ltd. has received strike notice from the union representing workers at the company's Highland Valley Copper operations in British Columbia's southern Interior.
A statement from Teck says the United Steelworkers Local 7619 issued strike notice Tuesday.
The company says the 1,048 workers covered by the notice would be entitled to begin job action when 72-hour strike notice expires and 48 hours after the mediator reports to the Labour Relations Board.
A round of mediated talks is scheduled for Friday and Teck says the earliest strike action could start is Sunday.
United Steelworkers members at the Kamloops-area mine have been without a contract since Sept. 30, 2021.
Highland Valley Copper is the largest open-pit copper and molybdenum mine in Canada and the company's website says annual production this year is expected to be between 135,000 and 165,000 tonnes. |
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| To: LoneClone who wrote (162771) | 1/14/2022 12:12:22 PM | | From: LoneClone | | | | American Pacific Partner Drills 14.44 g/t Gold Over 6.53 Metres; Including 146 g/t Gold and 0.98% Copper Over 0.48 Metres at its Madison Copper-Gold Project in Montana
ca.finance.yahoo.com
American Pacific Mining Corp.
Wed., January 12, 2022, 1:00 p.m.·7 min read
Figure 1
2021 Cross Section Highlighting Drill Hole MADN0033
2021 Cross Section Highlighting Drill Hole MADN0033Figure 2
Planimetric View
Planimetric ViewTable 1
Additional Notable Drill Intercepts from 2021 Drill Program
Additional Notable Drill Intercepts from 2021 Drill ProgramTable 2
2021 Drilling Program Location, Dip, Azimuth and Total Depth
VANCOUVER, British Columbia, Jan. 12, 2022 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF / FWB: 1QC) (“American Pacific” or “the Company”) is pleased to report drill results from its 2021 drilling programs conducted by Kennecott Exploration Company (“Kennecott”), a division of the Rio Tinto Group, on the Company’s Madison Copper- Gold Project (the “Madison Project”), in Montana, USA. The Kennecott drilling program consisted of 10 core holes for a total of 3,598 metres (“m”), which focused on extensions of high-grade gold-copper skarn mineralization as well as new target concepts at Madison.
Highlights:
MADN0033 cut 14.44 g/t gold (“Au”) and 0.11% copper (“Cu”) over 6.53 m.
Including 39.57 g/t Au and 0.28% Cu over 2.35 m and 146 g/t Au and 0.98% Cu over 0.48 m (third highest gold intercept ever reported at Madison)
MADN0033 assay results demonstrate the significant potential to extend high-grade Au-Cu mineralization down plunge (see Figure 1)
New gold zone identified by drill hole MADN0033 is 55 metres from nearest drill intercept and 100 metres down dip
MADN0026 cut 2.01 g/t Au over 6 m and disseminated lower grade gold over 26 m.
MADN0032 intersected 1.64 g/t Au over 9 m within limestone breccia beyond the skarn, highlighting the potential for additional gold-bearing styles of mineralization at Madison.
An updated 3D model showing holes from this recently completed program can be found at the following link: https://www.americanpacific.ca/projects/madison/madison-mine-3d-model/
American Pacific President, Eric Saderholm, stated: “The gold assays reported in MADN0033 represent the highest-grade gold intercepts reported to-date for American Pacific across our portfolio since the inception of the Company, and the third highest ever reported at Madison. The potential down plunge from MADN0033 is evident and the intersection of numerous styles of gold and copper mineralization across multiple rock units and lithologies is also quite encouraging. This speaks to the unique and powerful systems at Madison. We look forward to collaborating with our partner in the coming weeks to complete further modelling, analysis and define future exploration plans.”
Figure 1. 2021 Cross Section Highlighting Drill Hole MADN0033 is available at globenewswire.com
Figure 2. Planimetric View is available at globenewswire.com
Table 1. Additional Notable Drill Intercepts from 2021 Drill Program is available at globenewswire.com
Table 2. 2021 Drilling Program Location, Dip, Azimuth and Total Depth is available at globenewswire.com
Background and Summary of Interpretation of Results: MADN0024-MADN0033
The 2021 program was the third successful drilling campaign at the Madison Project. Drill hole MADN0033 was the highlight and will be the vector for additional drilling in the currently known mineralized area in 2022. Ten holes were drilled and nine of them encountered mineralization anomalies in a broad array of different rock lithologies. The Madison deposit contains numerous different styles of gold and copper mineralization, all of which can carry substantial metal values as can be seen in Table 1. This is an important point to emphasize. Every drill hole is an essential part of making deposits like Madison become mines. Drill hole MADN0032 is very interesting to the geologists at American Pacific Mining due to the strongly anomalous gold values that were encountered in a limestone rock package that has previously not been known to host mineralization. Hole MADN0033 also shows highly anomalous gold mineralization in iron-rich skarn, and warrants exploration drilling follow-up. Every drill hole from 2019 to 2021 has helped to further define the currently known mineralization and provided ample exploration vectors for additional targets both laterally and down-dip.
The geochemical and geophysical programs in 2021 across the property have identified several strong anomalies well away from the current drilling that are currently under evaluation and these will be presented as they are interpreted and additional targets emerge.
The Company’s wholly-owned Madison Project is currently under an earn-in with an option to joint venture agreement, whereby Rio Tinto may spend $30 million USD to earn up to 70% (see news release dated June 26, 2020).
AMERICAN PACIFIC MANAGEMENT TO HOST LIVE WEBINAR EVENT:
DATE: Wednesday, January 12th, 2022
TIME: 1:45pm PST (4:45 EST)
REGISTRATION LINK: Webinar Registration Link
Quality Assurance, Quality Control
The following measures were taken to ensure sample security: samples were submitted to the ALS Global lab by company personnel following the guidelines and procedures of Rio Tinto Exploration (Kennecott). Only authorized personnel have attended the samples.
Analysis Suite
ALS Global ran ALS Supertrace multielement four acid digest ICP-MS multicollector (ME-MS61L); Au by fire assay (Au-ICP21); RTX pXRF Cr, Nb, Si, Ta, Ti, Y, Zr (p-XRF-30 RT/p-XRF-30NDL); and VNIR/SWIR spectra (TRSPEC-20/INTERP-11).
Audits or reviews
The results of any audits or reviews concerning sampling techniques and data were reviewed by Kennecott personnel. Internal review of the core sample results by the Company’s management is routinely used through the course of the project.
Standards, Blanks and Duplicates
Several certified reference materials and one local (barren) blank were used as standards for QA/QC. The certified standards used include OREAS-504c, OREAS-254 which were obtained from OREAS based in Australia. Standard SK0500 is an in-house standard obtained from the Bingham Canyon Mine located in Utah. The blank samples consist of Lowe's River rock from Salt Lake City, Utah. These standards, as well as the blanks and duplicates, were inserted into the sample stream by Kennecott Exploration personnel.
Qualified Persons
Technical aspects of this press release have been reviewed and approved by Eric Saderholm, P.Geo. and Philip Mulholland P.Geo, the designated Qualified Persons (QP) under National Instrument 43-101.
About American Pacific Mining Corp.
American Pacific Mining Corp. is a precious metals explorer focused on opportunities in the Western United States. The Company's flagship asset is the high-grade, past-producing Madison Copper-Gold project in Montana which the Company acquired in 2020, and which is under option to joint venture with Kennecott Exploration Company, a division of the Rio Tinto Group. For this transaction, American Pacific was selected as a finalist in the S&P Global Platts Global Metals Awards, an annual program that recognizes exemplary accomplishments in 16 performance categories, including 'Deal of the Year,' the category in which American Pacific Mining competed. The awards program is hosted by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Also in the American Pacific's asset portfolio are the Gooseberry Silver-Gold project and the Tuscarora Gold-Silver project: two high-grade, precious metals projects located in key mining districts of Nevada, USA. The Company’s mission is to grow by the drill bit and by acquisition.
On Behalf of the Board of American Pacific Mining Corp.
“Warwick Smith”
CEO & Director
Corporate Office: Suite 910 – 510 Burrard Street Vancouver, BC, V6C 3A8 Canada
Investor Relations Contact:
Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: Kristina@americanpacific.ca
Media Relations Contact:
Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com
Notes:
For context and additional historic drilling results, please consult news releases from July 28th , 2020, November 2nd , 2020, January 19th , 2021 and the technical report for the Madison Project dated effective February 22, 2019, which was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects which is available on the Company’s website.
globenewswire.com
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. |
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| To: LoneClone who wrote (162772) | 1/14/2022 12:13:34 PM | | From: LoneClone | | | | Rockcliff Metals Provides Corporate Update
newsfilecorp.com
Toronto, Ontario--(Newsfile Corp. - January 13, 2022) - Rockcliff Metals Corporation (CSE: RCLF) (OTCQB: RKCLF) ("Rockcliff" or the "Company") is pleased to announce that the Company is nearing completion of its revised Preliminary Economic Assessment on the Tower and Rail Project ("PEA"). The revised PEA is focussed on reducing initial capital requirements, while employing a proven mining method. The release of the study is expected this quarter.
In addition, the Company would like to announce that Mr. Ken Lapierre, present Vice-President of Exploration, has been appointed, Interim President and CEO. The Company wishes to thank Mr. Don Christie, who has decided to step down from his management role due to other commitments.
Mark Sawyer, Chairman of the Board commented "On behalf of all the Directors, I would like to thank Don for his guidance, professionalism and efforts as the interim CEO position for the past 7 months. Don's association with the company obviously goes back much further and Don played an important role in putting this Company together. Don managed the current PEA process, which we believe will be well received by the market. With that process concluding and the main day to day activities of the Company returning to exploration and growth of its resources, it was logical for Ken to takeover as Interim President and CEO at this time."
"Greenstone has been a significant shareholder in Rockcliff since early 2019, and we remain a strong supportive shareholder of the Company," commented Mark Sawyer. "We believe there is significant value to be realized in these Manitoba assets."
Ken Lapierre, Interim President and CEO commented "I would like to thank Don for his role in helping advance Rockcliff over the past few quarters, especially advancing the revised PEA. I look forward to helping get the final study published, as well as advancing our Manitoba property portfolio. With the current surge in base metal prices, global demand for strategic metals like copper, and Rockcliff's continued growing high grade mineral inventory, we believe there is tremendous value to unlock in the Rockcliff portfolio of assets in Manitoba."
Ken Lapierre is the founder and Vice President Exploration and Director of Rockcliff Metals. He is a Professional Geologist, with over 35 years experience in exploration, discovery, production and mining in base and precious metals across North and South America while raising over $165 million in equity markets. In the past, Mr. Lapierre occupied the position of Vice President-Exploration and Director of Tyranex Gold, Inc., President, Chief Executive Officer & Director at Rockcliff Resources, Inc., President and Director at JML Resources Ltd. and Vice President-Exploration and Director at Grid Metals Corp.
About Rockcliff Metals Corporation
Rockcliff is a Canadian exploration and resource Company with several advanced-stage, high-grade VMS copper-zinc dominant deposits in the Snow Lake area of central Manitoba. The Company is a major landholder in the Flin Flon-Snow Lake Greenstone Belt which is the largest Paleoproterozoic VMS district in the world, hosting high-grade mines and deposits containing copper, zinc, gold and silver. The Company's extensive portfolio of properties totals approximately 4,000 km² and includes six 100% owned high grade, undeveloped VMS deposits. Rockcliff's (49% ownership) seventh high grade VMS deposit, the Talbot Copper Deposit, is a Joint Venture with Hudbay (51% ownership).
Find out more, visit our website and social media:
Website: newsfilecorp.com
Twitter: @RockcliffMetals
LinkedIn: Rockcliff Metals Corp
Facebook: Rockcliff Metals Corporation
For further information, please contact:
Rockcliff Metals Corporation
Ken Lapierre
Interim President & CEO
Cell: (647) 678-3879
ken@rockcliffmetals.com
Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance and actual results or developments may differ materially from those in the forward-looking statements.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. |
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| To: LoneClone who wrote (162773) | 1/14/2022 12:15:09 PM | | From: LoneClone | | | | Universal Copper Engages Vector Geological Solutions for Exploration Targeting at Poplar Project
ca.finance.yahoo.com
Universal Copper Ltd.
Thu., January 13, 2022, 5:15 a.m.·3 min read
Vancouver, British Columbia, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Universal Copper Ltd. ("Universal Copper" or the "Company") (TSX Venture: UNV) (Frankfurt: 3TA2) is pleased to announce the engagement of Vector Geological Solutions Inc. (“Vector”) of North Vancouver, Canada to compile, review and re-interpret surface and subsurface exploration data collected between 2011 through 2021, and to execute a targeted re-logging program designed to enhance exploration drill targeting at the Company’s flagship Poplar Copper Project ("Poplar"), located southwest of Houston, British Columbia.
Clive Massey, Universal Copper’s CEO and President commented, “We are very excited to have Vector’s accomplished team of exploration specialists join the Poplar Team as technical consultants. The next step forward at Poplar is to utilize the extensive porphyry experience and expertise of Vector Geological to leverage the information contained in the drill core and drive the next phase of the exploration program so we can increase the Poplar resource base.”
Daniel MacNeil founder of Vector Geological commented, “Universal Copper controls a large, strategic land position in an increasingly active copper-gold-silver endowed mineral belt in central British Columbia. The Poplar porphyry deposit constitutes a resource expansion stage exploration project that has excellent upside potential. The greater land position contains multiple high-quality exploration targets defined by favourable geology, alteration, and high resolution magnetic geophysical anomalies. These targets have the potential to maximise shareholder value through exploration drilling discovery”
Vector geologists Dr. Alan Wainwright and Daniel MacNeil will direct a systematic data compilation campaign of historical surface mapping, geochemistry, and geophysics to bring all information to a common framework. Concurrently, Vector will execute a targeted drill core re-logging program designed to enhance 3-dimensional lithology, structure, and geochemical models which together will form the basis of ongoing exploration targeting. Vector will leverage cost effective exploration tools including Portable XRF (“pXRF”) to establish geochemical vectors toward mineralization, and a TerraSpec Halo Spectrometer Mineral Identifier to quantify the composition, intensity, and 3D distribution of alteration minerals. These initiatives will define a comprehensive 3D exploration model which will be used to expand the Poplar deposit.
About Vector Geological
Vector Geological Solutions provides technical geological support to the exploration and mining industry. Two of Vector’s principal consultants are:
Dr. Alan Wainwright, an economic geologist with 20+ years of mineral exploration and research experience in North America, South America, Europe, and Asia, focused on base metals and gold. Dr. Wainwright’s Expertise includes copper/gold exploration, regional metallogeny and volcanic arc geology.
Mr. Daniel MacNeil, a precious and base metal specialist with 20+ years of experience from continental-scale project generation to in-mine resource expansion in a wide variety of geological settings throughout the Americas and Europe. Mr. MacNeill consults with mid-tier, private and junior mining/exploration companies globally.
About Poplar
The 61,600-hectare Poplar Project hosts a current undiluted indicated mineral resource of 152.3 million tonnes grading 0.32 per cent copper, 0.009 per cent molybdenum, 0.09 gram per tonne gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tonnes grading 0.29 per cent copper, 0.005 per cent molybdenum, 0.07 g/t gold and 4.95 g/t silver. The mineral resource estimate has a cut-off grade of 0.20% copper. Universal Copper cautions investors mineral resources, which are not mineral reserves, do not have demonstrated economic viability.
Poplar lies in a historic mining region, located 35km from the Huckleberry Mine and 42km from Equity Silver Mine, where low snowfalls will allow year-round work. The road accessible property is bisected by a 138 Kva Hydro electric line and lies 88km from Houston and 400km from the deep-water port at Prince Rupert by rail.
Qualified Person
The technical content of this New Release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC) a member of the Company’s Advisory Board and a Qualified Person under National Instrument 43-101.
About Universal Copper
Universal Copper Ltd. is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.
For additional information, please visit the Company's website at www.universalcopper.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
Phone: (604) 341-6870
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.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Universal Copper Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Universal Copper Ltd. management on the date the statements are made. Except as required by law, Universal Copper Ltd. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. |
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| To: LoneClone who wrote (162774) | 1/14/2022 12:17:34 PM | | From: LoneClone | | | | TASEKO ANNOUNCES GIBRALTAR 2021 PRODUCTION AND SALES
newswire.ca
Taseko Mines Limited Jan 13, 2022, 08:30 ET
VANCOUVER, BC, Jan. 13, 2022 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") announces 2021 copper production from the Gibraltar Mine of 112 million pounds and sales of 105 million pounds. Molybdenum production and sales for the year were 2 million pounds. Fourth quarter copper production was 29 million pounds.
Stuart McDonald, President and CEO, commented, "Despite major disruption to the highway and rail infrastructure in southern BC from severe rainstorms in November, we were still able to realize 24 million pounds of copper sales in the fourth quarter. Transit times for rail shipments are gradually improving and we expect to reduce copper inventories at Gibraltar in the first quarter of 2022."
"Production in the fourth quarter was impacted by lower grades and recoveries from ore mined in the upper benches of the Gibraltar pit. Increased oxidization and pyrite content in this ore has been resulting in lower recoveries which we believe is a short-term issue that will be resolved. Ore quality will also improve as mining progresses deeper into the pit. In December, extreme snowfall and temperatures as low as minus 35 degrees Celsius also impacted mine equipment and mill availabilities, resulting in decreased mill throughput and a need to draw ore from lower grade stockpiles. Weather conditions have improved recently, and mill throughput has stabilized allowing our technical team to focus on optimizing recoveries from Gibraltar pit ore," continued Mr. McDonald.
"At the Florence Copper Project, we completed our review of the draft Underground Injection Control ("UIC") permit in early December and no significant issues were identified. The US Environmental Protection Agency continues to advance their review process and has recently advised the Company that they expect to start the public comment period for the draft UIC permit in February.
With the copper price today over US$4.50 per pound, 30 cents higher than the average price in 2021, we will expect to maintain strong operating margins going forward. Sales of excess copper concentrate inventory from Gibraltar will further bolster our first quarter cash flows," added Mr. McDonald.
Note: Taseko's 75% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are on a 100% basis.
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
- uncertainties about the effect of COVID-19 and the response of local, provincial, federal and international governments to the threat of COVID-19 on our operations (including our suppliers, customers, supply chain, employees and contractors) and economic conditions generally and in particular with respect to the demand for copper and other metals we produce;
- uncertainties and costs related to the Company's exploration and development activities, such as those associated with continuity of mineralization or determining whether mineral resources or reserves exist on a property;
- uncertainties related to the accuracy of our estimates of mineral reserves, mineral resources, production rates and timing of production, future production and future cash and total costs of production and milling;
- uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project;
- uncertainties related to the ability to obtain necessary licenses permits for development projects and project delays due to third party opposition;
- uncertainties related to unexpected judicial or regulatory proceedings;
- changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations, particularly laws, regulations and policies;
- changes in general economic conditions, the financial markets and in the demand and market price for copper, gold and other minerals and commodities, such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
- the effects of forward selling instruments to protect against fluctuations in copper prices and exchange rate movements and the risks of counterparty defaults, and mark to market risk;
- the risk of inadequate insurance or inability to obtain insurance to cover mining risks;
- the risk of loss of key employees; the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;
- environmental issues and liabilities associated with mining including processing and stock piling ore; and
- labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in our mines.
For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com, including the "Risk Factors" included in our Annual Information Form.
SOURCE Taseko Mines Limited
 For further information: please see the Company's website at www.tasekomines.com or contact: Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533
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| To: LoneClone who wrote (162775) | 1/14/2022 12:19:58 PM | | From: LoneClone | | | | QuestEx Gold & Copper Samples 51.7 g/t Gold and Defines new Geophysical Target at Black Bluff, KSP Property, Golden Triangle
newswire.ca
QuestEx Gold & Copper Ltd. Jan 13, 2022, 09:00 ET
VANCOUVER, BC, Jan. 13, 2022 /CNW/ - QuestEx Gold & Copper Ltd. (TSX-V: QEX) (OTCQX: QEXGF) ("QuestEx" or the "Company"), is pleased to announce results from a reconnaissance prospecting and geophysical campaign conducted in summer 2021 at Black Bluff, which is located on QuestEx's 100% owned, 312 square kilometre ("km") KSP property in the heart of British Columbia's ("BC") prolific Golden Triangle district. Black Bluff is one of three large and high-grade gold ("Au") and copper ("Cu") targets that were explored by QuestEx in 2021 at KSP. Inel Gold (see news releases 21-03 and 21-15), Sericite Ridge (see news release 21-21) and Black Bluff now constitute three high-priority, high-potential, drill-ready targets that will be the focus of QuestEx's anticipated 2022 exploration campaign on the KSP property.
QEX Black Bluffs Target Summary (CNW Group/QuestEx Gold & Copper Ltd.)
The 2021 exploration program at Black Bluff ( Figure 1) consisted of a 3.8-km-long geophysical Induced Polarization ("IP") reconnaissance survey line, collection of twenty-two samples from surface outcrops, and preliminary detailed mapping. Highlights of the results include:
- Recognition of a buried, approximately 1,100 m long geophysical chargeability anomaly that underlies the main Black Bluff showing (Figures 1, 2, 3), an area with a coincident strong magnetic anomaly, extensive outcropping quartz-magnetite veins and moderate to strong quartz-sericite-pyrite alteration, all of which are interpreted to be related to a porphyry Cu-Au system.
- Identification of a 90 X 25 metre ("m") exposure of a gold and copper-rich quartz-breccia zone that remains open along strike and has never been tested by drilling ( Figure 4); best 2021 sample* from this zone grades 51.7 grams per tonne ("g/t") Au, 370 g/t silver ("Ag"), and 3.47% Cu from a 0.25 m channel sample.
- Collection of samples within a 4 by 5 km area demonstrating a wide-spread distribution of high-grade mineralization, with maximum grades of 51.7 g/t Au, 702 g/t Ag, 23.83 % Cu and 10.26% zinc ("Zn") (see Table 1 for highlights and Table 2 for a full list of results, maximum, minimum, mean and median values).
Table 1*: Highlighted Results from 2021 Prospecting at Black Bluff, KSP Property
| Sample
| Sample
| Width
| Gold
| Silver
| Copper
| Zinc
| Lead
| ID
| Type
| metre
| g/t
| g/t
| %
| %
| %
| 4104534
| Channel
| 0.25
| 51.70
| 370.0
| 3.47
| 0.01
| 0.12
| 4104532
| Channel
| 0.75
| 1.69
| 9.3
| 1.08
| 0.01
| 0.00
| 4104535
| Chip
| 0.65
| 1.47
| 4.3
| 0.46
| 0.01
| 0.00
| 3694919
| Grab
|
| 1.46
| 702.0
| 8.05
| 10.26
| 12.77
| 4104529
| Chip
| 0.30
| 1.17
| 57.5
| 23.83
| 0.11
| 0.03
| 4101009
| Grab
|
| 0.96
| 65.5
| 3.26
| 1.75
| 1.39
| 4104533
| Channel
| 0.75
| 0.11
| 30.7
| 4.06
| 0.01
| 0.01
| 4104537
| Chip
| 0.25
| 0.10
| 32.6
| 3.18
| 0.01
| 0.00
|
Joe Mullin, QuestEx CEO comments: "We are pleased to be in a position to report these results from Black Bluff which underline the value and continued exploration potential of our KSP property. The regional context of the district surrounding KSP has seen significant recent activity in terms of exploration, development and corporate activity, and KSP continues to be one of the most under-explored properties in the district. We are also happy to have the new QEXGF ticker on the OTC Best Market."
Tony Barresi, QuestEx President comments: "QuestEx's 2021 exploration campaign on the KSP property continues to yield excellent results, now delineating a third drill-ready, high-potential target on the property. The Black Bluff area includes at least eight mineral showings, each with extensive outcropping zones of high-grade copper and/or gold mineralization. Despite being one of the most accessible showings on the property, with parts of it visible from QuestEx's road accessible camp, it has only been tested with 197 metres of historical drilling in nine holes with maximum hole depths of only 48 metres. Our new prospecting, sampling, and mapping results have validated historical work, and the new geophysical survey defines a strong and large chargeability bullseye beneath one of the most well mineralized surface exposures, delineating yet another first order drill target on this outstanding property."
About Black Bluff Area
Black Bluff encompasses an approximately 5 by 4 km area ( Figure 1) that contains numerous domains of outcropping mineralization defined by over 500 anomalous to high-grade rock samples from base and precious metal bearing skarns, high grade Au-Ag-Cu quartz vein breccias, and quartz-magnetite vein stockwork occurrences. It is located approximately 2 to 6 km south of the McLymont road/hydroelectric power station and QuestEx's camp facilities ( Figure 1). Until recently, fragmented mineral tenure and glacial cover had prevented recognition that the widely distributed gold-rich breccia and skarn mineral showings may represent a high-level gold-rich expression of a porphyry system with potential for significant Cu-Au metal endowment. Coring the broad Black Bluff area, the main Black Bluff showing has characteristics typical of a porphyry-centre: it is located within a 1 x 1 km Cu-Au-Zn-molybdenum ("Mo") in soil anomaly and is associated with sheeted and stockwork quartz-magnetite-chalcopyrite veins, moderate to strong quartz-sericite pyrite alteration, multiple intrusive phases, and structural zones. In 2002, the area was tested with nine very shallow, small diameter (BQ) drill holes totalling 197 m, with an average drill hole depth of 22 m (BC Assessment Report #27193). The deepest hole (BX02-06) collared in skarn mineralization and bottomed at 48 m in an altered monzonite intrusion, which is described as having six stages of veining. Other drill holes are described to have collared in "massive K-feldspar with quartz and magnetite stockwork", or as having "intense, banded quartz-magnetite veining throughout the hole". Core recovery was not well recorded for these historical drill holes, but limited results include 1.21% Cu, 1.09% Zn and 0.42 g/t Au over 3.50 m in BX02-04, which is contained within a broader mineralized interval of 0.55% Cu, 0.77% Zn, 0.32 g/t Au over 11.5m, the full length of the drill hole.
Geophysical Results
A 3.8-line-km reconnaissance IP survey was conducted by Peter E. Walcott and Associates Ltd. over the Black Bluff area (Figures 1, 2, 3). The pole-dipole IP survey was configured with 200 m stations on one line that ran roughly along a ridge crest from the Kirk showing to within 400 m of the Shan showing ( Figure 1). Chargeability and resistivity data from the survey are interpreted to a vertical depth of approximately 600 m. The primary target identified by the survey is outlined by an approximately 1,100 m long, greater than 24 mV/V chargeability anomaly underlying the main Black Bluff mineral showing. The chargeability anomaly is coincident with a strong magnetic response in a 2007 airborne magnetic survey ( Figure 2) that continues south-southeast beyond the Kirk showing and contains moderate to strong quartz-sericite-pyrite alteration and quartz-magnetite veining. Combined, these geophysical and geological characteristics are interpreted to be the expressions of a broad porphyry copper gold system. Paired shallow and deep chargeability anomalies were also identified on the northern portion of the IP line as it approached the Shan mineral showing (Figures 1, 3).
Prospecting Results
Prospecting included the collection of twenty-two samples comprising three channel samples that were cut from outcrop with a rock-saw, nine chip samples and ten grab samples. The work was conducted late in the season when there was the maximum amount of snowmelt and sampling was focused along the edges of snowfields and glaciers where newly exposed outcrops had not previously been observed or sampled. Widespread high-grade mineralization was discovered in these outcrops; average grades from the twenty-two samples* are 2.7 g/t Au, 68 g/t Ag, 2.5% Cu and 0.99% Zn (see Table 1 for highlights and Table 2 for a full list of results, maximum, minimum, mean and median values). A significant cluster of samples were collected from a new exposure at the Josh showing, where preliminary detailed mapping defined a 900 X 25 m domain of outcropping skarn and quartz-breccia with high Au-Ag-Cu grades. One channel sample (4104534) cut 25 cm across the breccia graded 51.7 g/t Au, 370 g/t Ag and 3.47% Cu. Other gold-rich samples across the quartz breccia domain are displayed on Figure 4 The Josh target area has never been drilled and QuestEx is evaluating it as a potential drill target for its 2022 exploration campaign.
Table 2*: Full Table of Results and Samples Locations for 2021 Prospecting at Black Bluff, KSP Property
| Sample
| Easting
| Northing
| Sample
| Width
| Gold
| Silver
| Copper
| Zinc
| Lead
| ID
|
|
| Type
| metre
| g/t
| g/t
| %
| %
| %
| 4104534
| 389672
| 6278703
| Channel
| 0.25
| 51.70
| 370.0
| 3.47
| 0.01
| 0.12
| 4104532
| 389676
| 6278699
| Channel
| 0.75
| 1.69
| 9.3
| 1.08
| 0.01
| 0.00
| 4104535
| 389685
| 6278597
| Chip
| 0.65
| 1.47
| 4.3
| 0.46
| 0.01
| 0.00
| 3694919
| 389697
| 6278709
| Grab
|
| 1.46
| 702.0
| 8.05
| 10.26
| 12.77
| 4104529
| 389696
| 6278694
| Chip
| 0.30
| 1.17
| 57.5
| 23.83
| 0.11
| 0.03
| 4101009
| 389753
| 6278195
| Grab
|
| 0.96
| 65.5
| 3.26
| 1.75
| 1.39
| 3694931
| 390541
| 6279055
| Grab
|
| 0.17
| 5.8
| 0.01
| 0.01
| 0.00
| 3694930
| 390366
| 6278959
| Chip
|
| 0.14
| 2.4
| 0.40
| 0.01
| 0.00
| 4104533
| 389676
| 6278699
| Channel
| 0.75
| 0.11
| 30.7
| 4.06
| 0.01
| 0.01
| 3694929
| 390056
| 6279056
| Chip
|
| 0.10
| 4.1
| 0.37
| 0.01
| 0.00
| 4104537
| 390000
| 6279100
| Chip
| 0.25
| 0.10
| 32.6
| 3.18
| 0.01
| 0.00
| 4104536
| 389658
| 6278811
| Chip
| 0.75
| 0.06
| 21.0
| 0.90
| 0.41
| 0.00
| 4104528
| 389132
| 6278317
| Chip
| 0.50
| 0.03
| 60.0
| 2.51
| 8.59
| 1.35
| 4104530
| 389500
| 6278637
| Chip
| 0.50
| 0.03
| 4.2
| 0.68
| 0.02
| 0.01
| 3694926
| 389810
| 6279175
| Grab
|
| 0.02
| 35.1
| 0.78
| 0.16
| 0.16
| 4101010
| 389606
| 6278375
| Grab
|
| 0.02
| 70.8
| 0.85
| 0.37
| 0.00
| 4101008
| 389884
| 6277915
| Grab
|
| 0.02
| 3.2
| 0.15
| 0.02
| 0.00
| 4104538
| 389888
| 6278870
| Grab
|
| 0.01
| 11.0
| 0.14
| 0.02
| 0.00
| 3694928
| 390024
| 6279165
| Chip
| 2.00
| 0.01
| 0.9
| 0.03
| 0.01
| 0.00
| 4104527
| 389254
| 6278179
| Grab
|
| 0.01
| 6.5
| 0.24
| 0.06
| 0.00
| 3694927
| 389951
| 6279151
| Grab
|
| 0.01
| 0.7
| 0.06
| 0.05
| 0.00
| 4104526
| 389880
| 6277884
| Grab
|
| 0.01
| 7.5
| 0.62
| 0.02
| 0.00
|
|
|
|
| Mean
| 2.69
| 68.4
| 2.51
| 1.00
| 0.72
|
|
|
|
| Median
| 0.08
| 10.2
| 0.73
| 0.02
| 0.00
|
|
|
|
| Max
| 51.70
| 702.0
| 23.83
| 10.26
| 12.77
|
|
|
|
| Min
| 0.01
| 0.7
| 0.01
| 0.01
| 0.00
|
QA/QC
Rock samples for the Black Bluff 2021 exploration program followed chain of custody between collection and delivery to a Bureau Veritas ("BV") laboratory in Vancouver, BC. The samples were packed in zip tied polyurethane bags and then in sealed rice-bags before being delivered directly from northern BC to the laboratory via Bandstra Transportation Systems. Samples were prepared for analysis according to BV method PRP-70-250: each sample was crushed to greater than 70% passing a 2mm sieve and a 250 gram split was pulverized to greater than 85% passing a 75 micron sieve. Gold was tested by fire assay with atomic absorption finish on a 30g nominal sample (method FA430-Au) and gravimetric testing procedures were applied to samples greater than 10 g/t Au (method FA530-Au). An additional 45 elements were tested by ICP-ES/MS using a four-acid digestion (method MA200); samples with Cu, Zn, and lead values that exceeded concentrations of 10,000 parts per million, or silver values in excess of 200 parts per million, were retested using ore-grade analyses (method MA404). Quality assurance and control is maintained at the lab through rigorous use of internal standards, blanks and duplicates.
OTC Symbol Change
The Company also announces that effective December 23, 2021, the Company's trading symbol on the OTC Best Market was changed to QEXGF, from the previous CLASF.
Notes:
* Grab, chip and channel samples are selective in nature, therefore reported mineralization and assay results may not be representative.
Qualified Person
Tony Barresi, Ph.D., P.Geo., QuestEx's President, a Qualified Person within the meaning of National Instrument ("NI") 43-101, has reviewed and approved the technical information in this news release.
We seek safe harbour.
About QuestEx
QuestEx Gold & Copper Ltd. is exploring for gold and copper with a focus on the Golden Triangle and Toodoggone areas of BC, Canada. It has a 100% ownership interest in one of the largest portfolios of mineral tenures in British Columbia's metal-rich Golden Triangle. The portfolio includes the 312 square km KSP property, which is surrounded by some of the most important past and current mining and development projects in BC (e.g. Eskay Creek, Snip, Brucejack, KSM, Johnny Mountain). In 2022, QuestEx intends to release a NI 43-101 Mineral Resource Estimate for the Inel gold system, located on the KSP property. In the northern corner of the Golden Triangle in the Red Chris mining district, QuestEx's portfolio includes the Castle property, a porphyry copper-gold project located adjacent to Newmont's Tatogga property, and along trend of the Saddle North porphyry copper-gold deposit (more than 10 million ounces gold, in all categories). Other properties include North ROK, Coyote, and Kingpin in the Golden Triangle, Sofia in the Toodoggone district, and Heart Peaks and Hit in other strategic districts within BC. These assets are being advanced by a newly assembled technical and management team with experience in exploration, permitting and discovery.
ON BEHALF OF THE BOARD OF DIRECTORS OF QUESTEX GOLD & COPPER LTD.
"Joseph Mullin"
Joseph Mullin
Chief Executive Officer and Director
Neither the TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of TSX-V) accepts responsibility for the adequacy or accuracy of this release.
NR 22-01
Cautionary Note Regarding Forward-Looking Statements
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators as well as the risk that the ongoing COVID-19 pandemic may have on the Company's business. Important factors could cause actual results to differ materially from QuestEx expectations. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. QuestEx does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE QuestEx Gold & Copper Ltd.
 For further information: T: (250) 768-1511, W: www.questex.ca
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| To: LoneClone who wrote (162776) | 1/14/2022 12:22:01 PM | | From: LoneClone | | | | Yorkton Ventures Acquires the Sirmac East Lithium Project
newsfilecorp.com
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2022) - Yorkton Ventures Inc. (TSXV: YVI) (FSE: H49) (the "Company") announces that it has acquired 12 mineral claims in 5 blocks having a total area of 656 hectares, known together as the Sirmac East Project, in the James Bay area of Quebec.
The Sirmac East Lithium Project is located roughly 170 km northwest of Chibougamau, Quebec and is accessible via a network of highways and forestry roads. A. 700kV powerline runs through the area.
The Sirmac East Lithium Project consists of 12 mineral claims with a total area of 656 hectares and is located on NTS map sheet 32J11. The Project is contiguous with Vision Lithium's Sirmac Property, Winsome Resources' Sirmac-Clapier Project and Troilus Gold's Troilus Gold Project.
The Project area is considered highly prospective for lithium hosted in spodumene-bearing pegmatites, with at least two historic lithium occurrences (Sirmac Lithium and Clapier Lithium) mapped in the western part of the region. In the northeast part of the region, at least one lithium-bearing boulder has been found on land with Provincial Park status, however the position of this boulder indicates that the area between the boulder location and the Sirmac lithium deposit (as well as the Clapier lithium showing) has strong potential for further discoveries.
Local area map of Yorkton Venture's Sirmac East Lithium Project - click here to view the map online.
To view an enhanced version of this map, please visit:
orders.newsfilecorp.com
Geologically, the Sirmac East Lithium Project is located in the northeast part of the Superior geological province, in the Frotet-Evans volcano-sedimentary belt. Four lithologies are present in the project area: quartz-biotite-hornblende schists, amphibolitized flows or mafic sills, spodumene-bearing pegmatites, and a syenite pluton measuring about 6 km in diameter. The structural trend is roughly east-west. Numerous granitic pegmatite dykes, with thickness ranging up to one hundred meters have been identified in the area. Lithium mineralization in the region is associated with granitic, rare element-spodumene-bearing pegmatites. Immediately west of the Sirmac East Project is the Sirmac Lithium deposit with an estimated 314,328 tonnes grading 2.04% Li2O (Wrightbar Mines Ltd., 1994).
Terms of the purchase are $25,000 cash and 250,000 Company units on acceptance of the Agreement by the TSX Venture Exchange. The Company units are comprised of 250,000 common shares and 250,000 warrants exercisable at $0.60 for 18 months from the Agreement date. A 2% NSR is retained by the Vendor, of which one-half of the NSR (1%NSR) can be acquired for the cash sum of $1,000,000 at any time .
On behalf of Yorkton Ventures Inc.
Andrew Lee Smith
Chief Executive Officer
investors@yorktonventures.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law. |
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