CANADA SILVER COBALT to Purchase Industrial-Zoned Property with Highway Access for Core Processing Facility
The purchase of a 10-acre industrial-zoned property with direct Highway 11 access will allow Canada Silver Cobalt abundant area for core handling and more efficient use of space
Coquitlam, BC – TheNewswire – April 29, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) announces that it has revised its purchase and sale agreement to acquire a 10-acre (4 hectare) property fronting Highway 11 near Cobalt, ON, that will be used as the central hub for all of the Company’s Ontario and Quebec operations for a cash consideration of $400,000.
The property houses a 4,000 square-foot, fully serviced warehouse that is currently being leased by the Company and used as its main core processing facility. The access to Highway 11 allows for easy transportation of core, samples, and distribution of Company staff to projects across Ontario and Quebec. The property is located on the power grid and does not require any generators. The location is close to Timiskaming Shores and Cobalt, ON and provides easy access to supplies and amenities for Company staff. The property also contains an extra building.
The warehouse has already been converted into a full-service facility that fits the Company’s current needs, but will also allow for further expansion as the Company grows. The facility is being used for offices, core logging, sampling, core cutting, and long-term core storage – all located on site.
The purchase of the property is subject to final approval by the TSX Venture Exchange. The vendor of the property is a company controlled by a family member of one of the directors and officers of the Company.
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
- Published in Canada Cobalt Works, Mining
SONORO GOLD REPORTS HIGH GRADE INTERCEPTS AT CERRO CALICHE INCLUDING 10.67 METERS OF 9.02 GRAMS OF GOLD PER TONNE
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report assay results from an additional 15 drill holes completed as part of a drilling campaign currently underway at its Cerro Caliche gold project in Sonora, Mexico. As previously announced, the objective of the program is to increase the estimated size and grade of the project’s oxide gold mineralization as well as to potentially extend the estimated life of the proposed heap leach mining operation as outlined in the Preliminary Economic Assessment (PEA) filed in October 2021.
These latest results include drilling conducted at El Colorado and Guadalupe gold mineralized zones in the southwest of the concession’s mineralized zones where multiple high-grade gold intercepts were previously reported within larger intervals of higher-grade gold mineralization, as well as at El Bellotoso gold mineralized zone in the northeast region.
Highlights are as follows:
- SCR-289 intercepted 7.62m averaging 0.562 g/t Au; including 1.52m averaging 1.385 g/t Au
- SCR-292 intercepted 3.04m averaging 1.765 g/t Au; including 1.52m averaging 3.370 g/t Au
- SCR-293 intercepted 12.19m averaging 0.874 g/t Au; including 1.52m averaging 3.62 g/t Au;
and 6.10m averaging 0.922 g/t Au; including 1.53m averaging 2.22 g/t Au;
and 7.62m averaging 2.262 g/t Au; including 1.53m averaging 10.25 g/t Au
- SCR-295 intercepted 1.52m averaging 1.455 g/t Au; and 1.53m averaging 6.00 g/t Au
- SCR-296 intercepted 7.62m averaging 0.673 g/t Au; including 1.53m averaging 1.835 g/t Au;
and 6.10m averaging 0.422 g/t Au; including 1.52m averaging 1.00 g/t Au
- SCR-298 intercepted 3.05m averaging 0.884 g/t Au; including 1.53m averaging 1.455 g/t Au
- SCR-299 intercepted 10.67m averaging 9.018 g/t Au; including 6.10m averaging 15.558 g/t Au
- SCR-301 intercepted 10.67m averaging 0.497 g/t Au; including 1.52m averaging 1.795 g/t Au
Mel Herdrick, Sonoro’s VP Exploration noted, “With the discovery of multiple prospective high-grade ore-shoots identified by drilling at El Colorado, we are developing an understanding of the permissible extent and trend of these potential ore-shoots that may have up to seven additional repetitions in the footwall of the Guadalupe vein zone extendingup to 700 meters to the northwest of El Colorado. These high-grade ore-shoots may add significantly to the existing resource. The process of defining these zones also allows us to refine our understanding of the structural geology and, consequently, identify additional areas for possible material resource expansion and a recalculation of the existing resource.”
Kenneth MacLeod, Sonoro’s CEO and President commented, “We continue to be very pleased with the results from our Phase IV drilling program which is expected to be completed by early May with the remaining results expected at the end of May. While we move forward with the development of the proposed mining operations, we will now begin assessing the potential economic impact of the new geological data on the project.”
John Darch, Sonoro’s Chairman commented, “We are very encouragedwith thelatest drilling results.The extension of several gold mineralized zones as well as the multiple deeper higher-grade intercepts suggests the drilling program may meet its objective ofincreasingthe size and grade of the resourceand therefore potentially extend the life of our proposed mining operation as well as improve the overall economics of the project. This is a very exciting time for Sonoro and its shareholders.“
The map below illustrates the location of the drill holes.
Figure 1: New Drill Holes
El Colorado Zone
On March 1, 2022, the Company announcedthat drill hole SCR-286 had intercepted high-grade gold mineralization at the deepest level of El Colorado’s epithermal system drilled to date. Eight drill holeswere recently completed at El Colorado to expand mineralization near this intercept,including drill hole SCR-289 which intercepted 7.62meters averaging 0.562 g/t Au, including 1.52meters averaging 1.385 g/t Au. Drill hole SCR-290 was drilled at a 60-degree inclination following strike and is located below SCR-286 where it intercepted 3.05 meters averaging 0.378 g/t Au.In close proximity, SCR-292 intercepted 3.04meters averaging 1.765 g/t Au, including 1.52meters averaging 3.370 g/t Au.
Vertical drill hole SCR-298 intercepted 3.05 meters averaging 0.884 g/t Au, including 1.53 meters averaging 1.455 g/t Au and drill hole SCR-299 intercepted 4.58 meters averaging 0.497 g/t Au and 10.67 meters averaging 9.01 g/t Au, including 6.10 meters averaging 15.558 g/t Au located at depth of 64.01 meters and approximately 50 meters northwest of SCR-286.
Vertical drill hole SCR-300 intercepted 3.04 meters averaging 0.407 g/t Au, near the projected intercept area where gold is anomalous with high values of lead and zinc. A lost interval at 117 meters showed high manganese oxide content with no sample and high-water flow suggesting a post mineral fault which may displace the mineralization.
Two drill holeswere also completed outside of the resource pit shell used to calculate the zone’s gold resource in the updated Mineral Resource Estimate.Drill hole SCR-291 is approximately 100 meters southeast of the proposed pit shell where it intercepted 3.05 meters averaging 0.530 g/t Au, including 1.53 meters averaging 1.670 g/t Au. Drill hole SCR-293 is approximately 30 meters eastof the pit shell where it intercepted 12.19metersfrom surface averaging 0.874 g/t Au, including 1.52meters averaging 3.62 g/t Au.At a depth of 184.4 meters, the same drill hole intercepted 7.62meters averaging 2.262 g/t Au, including 1.53meters averaging 10.25 g/t Au.
Figure 2: Interpretive Cross Section at El Colorado
Guadalupe Zone
At the Guadalupe zone, four drill holes were collared on the western side of the proposed resource pit cone for calculating the zone’s gold resource as outlined in the updated Mineral Resource Estimate. Drill hole SCR-294 intercepted 3.05 meters averaging 0.525 g/t Au at a depth of 121.92 meters and drill hole SCR-295 intercepted 1.52 meters averaging 1.455 g/t Au at a depth of 112.78 meters and intercepted another 1.53 meters averaging 6.00 g/t Au at a depth of 164.59 meters.
Intervals in drill holes SCR-296 and SCR-297 show extensions of the gold mineralization along the southeastern trend and drill hole SCR-294 contained short intervals representing stockwork type mineralization but the average grades reported are below the PEA resource cutoff for inclusion.
El Bellotoso Zone
In the northeast region of the property, drilling at El Bellotoso intercepted gold mineralization, extending the zone 200 meters along strike. Four drill holes were completed with drill holeSCR-301returning the best results. SCR-301 was collared at the southeastern side of the proposed El Rincon pit cone and intercepted 10.67meters averaging 0.497 g/t Au from near surface, including 1.52 meters averaging 1.795 g/t Au.
The following table provides the assay results for the complete list of reported drill holes:
Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au | ||||||||
Hole | Target | From | To | Interval | Au | Ag | AuEq | |
Meters | g/t | g/t | g/t | |||||
SCR-289 | El Colorado | 3.05 | 10.67 | 7.62 | 0.562 | 0.80 | 0.566 | |
including | 7.62 | 9.14 | 1.52 | 1.385 | 0.80 | 1.389 | ||
SCR-290 | El Colorado | 79.25 | 82.30 | 3.05 | 0.378 | 1.40 | 0.385 | |
SCR-291 | El Colorado | 27.43 | 30.48 | 3.05 | 0.530 | 0.70 | 0.533 | |
and | 42.67 | 44.20 | 1.53 | 1.670 | 11.40 | 1.722 | ||
SCR-292 | El Colorado | 36.58 | 39.62 | 3.04 | 1.765 | 1.40 | 1.771 | |
including | 38.10 | 39.62 | 1.52 | 3.370 | 1.40 | 3.376 | ||
SCR-293 | El Colorado | 0.00 | 12.19 | 12.19 | 0.874 | 2.00 | 0.883 | |
including | 10.67 | 12.19 | 1.52 | 3.620 | 2.20 | 3.630 | ||
and | 65.53 | 67.06 | 1.53 | 1.845 | 0.80 | 1.849 | ||
and | 134.11 | 140.21 | 6.10 | 0.922 | 1.50 | 0.929 | ||
including | 134.11 | 135.64 | 1.53 | 2.220 | 1.60 | 2.227 | ||
and | 184.40 | 192.02 | 7.62 | 2.262 | 3.70 | 2.279 | ||
including | 187.45 | 188.98 | 1.53 | 10.250 | 14.10 | 10.315 | ||
SCR-294 | Guadalupe | 89.92 | 96.01 | 6.09 | 0.336 | 6.30 | 0.365 | |
and | 121.92 | 124.97 | 3.05 | 0.525 | 0.30 | 0.526 | ||
SCR-295 | Guadalupe | 1.52 | 15.24 | 13.72 | 0.380 | 1.10 | 0.385 | |
and | 102.11 | 114.30 | 12.19 | 0.380 | 3.00 | 0.394 | ||
including | 112.78 | 114.30 | 1.52 | 1.455 | 1.50 | 1.462 | ||
and | 164.59 | 166.12 | 1.53 | 6.000 | 2.60 | 6.012 | ||
SCR-296 | Guadalupe | 0.00 | 7.62 | 7.62 | 0.673 | 2.90 | 0.686 | |
including | 4.57 | 6.10 | 1.53 | 1.835 | 6.20 | 1.863 | ||
and | 19.81 | 25.91 | 6.10 | 0.422 | 0.60 | 0.425 | ||
including | 21.34 | 22.86 | 1.52 | 1.000 | 0.70 | 1.003 | ||
and | 32.00 | 36.58 | 4.58 | 0.309 | 1.40 | 0.316 | ||
and | 92.96 | 100.58 | 7.62 | 0.276 | 2.00 | 0.285 | ||
SCR-297 | Guadalupe | 0.00 | 4.57 | 4.57 | 0.424 | 3.20 | 0.439 | |
and | 79.25 | 83.82 | 4.57 | 0.166 | 1.40 | 0.172 | ||
SCR-298 | El Colorado | 12.19 | 18.29 | 6.10 | 0.462 | 2.20 | 0.472 | |
and | 24.38 | 27.43 | 3.05 | 0.884 | 2.70 | 0.896 | ||
including | 24.38 | 25.91 | 1.53 | 1.455 | 4.70 | 1.477 | ||
and | 56.39 | 59.44 | 3.05 | 0.226 | 0.70 | 0.230 | ||
SCR-299 | El Colorado | 9.14 | 13.72 | 4.58 | 0.497 | 0.50 | 0.499 | |
and | 57.91 | 68.58 | 10.67 | 9.018 | 5.20 | 9.042 | ||
including | 57.91 | 64.01 | 6.10 | 15.558 | 8.70 | 15.598 | ||
SCR-300 | El Colorado | 13.72 | 16.76 | 3.04 | 0.407 | 2.70 | 0.419 | |
and | 19.81 | 22.86 | 3.05 | 0.229 | 0.30 | 0.231 | ||
SCR-301 | El Bellotoso | 10.67 | 21.34 | 10.67 | 0.497 | 0.80 | 0.501 | |
including | 10.67 | 12.19 | 1.52 | 1.795 | 1.00 | 1.800 | ||
and | 24.38 | 28.96 | 4.58 | 0.170 | 1.60 | 0.178 | ||
and | 35.05 | 53.34 | 18.29 | 0.199 | 0.50 | 0.201 | ||
and | 71.63 | 74.68 | 3.05 | 0.175 | 1.70 | 0.183 | ||
and | 79.25 | 85.34 | 6.09 | 0.409 | 2.40 | 0.420 | ||
and | 106.68 | 111.25 | 4.57 | 0.401 | 0.30 | 0.402 | ||
SCR-302 | El Bellotoso | 16.76 | 22.86 | 6.10 | 0.259 | 14.00 | 0.323 | |
and | 39.62 | 54.86 | 15.24 | 0.361 | 16.00 | 0.434 | ||
SCR-303 | El Bellotoso | 25.91 | 32.00 | 6.09 | 0.241 | 7.90 | 0.278 |
Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.
Drill Collar Locations (NAD 1927 UTM Zone 12N) | |||||||
Drill Hole | Zone | Easting | Northing | Elevation | Depth (m) | Dip | Azimuth |
SCR-289 | El Colorado | 536,228 | 3,364,440 | 1,196 | 121.92 | -60 | 219 |
SCR-290 | El Colorado | 536,273 | 3,364,478 | 1,194 | 134.11 | -60 | 222 |
SCR-291 | El Colorado | 536,281 | 3,364,436 | 1,189 | 121.92 | -80 | 228 |
SCR-292 | El Colorado | 536,257 | 3,364,419 | 1,179 | 112.78 | -70 | 228 |
SCR-293 | El Colorado | 536,224 | 3,364,596 | 1,263 | 234.7 | -48 | 195 |
SCR-294 | Guadalupe | 535,998 | 3,365,088 | 1,415 | 172.21 | -45 | 260 |
SCR-295 | Guadalupe | 536,044 | 3,365,047 | 1,384 | 173.74 | -45 | 260 |
SCR-296 | Guadalupe | 536,059 | 3,364,994 | 1,361 | 152.4 | -45 | 260 |
SCR-297 | Guadalupe | 536,049 | 3,364,936 | 1,345 | 140.21 | -45 | 260 |
SCR-298 | El Colorado | 536,202 | 3,364,428 | 1,216 | 128.02 | -90 | 0 |
SCR-299 | El Colorado | 536,229 | 3,364,440 | 1,195 | 106.68 | -90 | 0 |
SCR-300 | El Colorado | 536,224 | 3,364,406 | 1,193 | 134.11 | -90 | 0 |
SCR-301 | El Bellotoso | 536,406 | 3,366,439 | 1,411 | 121.92 | -55 | 45 |
SCR-302 | El Bellotoso | 536,508 | 3,366,388 | 1,402 | 91.44 | -55 | 45 |
SCR-303 | El Bellotoso | 536,601 | 3,366,325 | 1,378 | 73.15 | -45 | 55 |
Quality Assurance/Quality Control (“QA/QC“) Measures and Analytical Procedures
Drill samples are collected with an airstream cyclone and passed into a splitter that divides each sample into quarters. The quartered samples are then bagged and sealed with identification. The sample group has blanks, standards and duplicates inserted into the sample stream.
ALS-Chemex collects the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the laboratory, part of each sample is reduced through crushing, splitting and pulverization from which 200 grams is sent to the ALS-Chemex assay laboratory in Vancouver. Thirty grams undergoes fire assay for gold with the resulting concentrated button of material produced is dissolved in acids and the gold is determined by atomic absorption. Another quantity of the sample is dissolved in four acids for an ICP multi-element analysis.
No QA/QC issues were noted with the results received from the laboratory.
Geologic Description
Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico. Multiple historic underground mines were developed in the concession including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and Espanola. Mineralization types of the Cucurpe-Sonora Mega-district include variants of epithermal low sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered and mineralized felsic dikes cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the dikes and meta-sedimentary rocks.
Qualified Person Statement
Stephen Kenwood, P.Geo., a Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily indicative of economic gold mineralization in the concessions held by the Company.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of Sonoro Gold Corp.
Per: “Kenneth MacLeod“
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com
- Published in Mining, News Home, Sonoro Gold
Usha Resources Retains Leading Capital Markets and Communications Advisory Firm and Announces Non-Brokered Private Placement and Closing of First Tranche
Usha Resources Ltd. (“USHA” or the “Company”) (TSXV:USHA)(OTCQB:USHAF) is pleased to announce that, subject to the approval of the TSX Venture Exchange (the “Exchange“), it has engaged Volt Strategic Partners Ltd. (“Volt Strategic“) as its capital markets and communications advisor and has entered into an agreement (the “Agreement“) dated effective March 29, 2022.
Volt Strategic works with investment professionals and senior business leaders to help grow organizational value, build business, and accelerate market appreciation for emerging technology, sustainability, and life sciences public companies.
Pursuant to the Agreement, USHA will remunerate Volt Strategic an aggregate amount of $93,600 over a term of twelve months for various services, including but not limited to capital markets and communications advisory, and will grant a total of 250,000 incentive stock options (the “Options“) of the Company, exercisable for a period of 24 months at market price of $0.375 per Share. The Options are subject to vesting provisions wherein 25% of the Options every three months from the date of grant over a period of not less than 12 months. The Agreement may be extended with the prior written consent of the parties or terminated at any time with 30-day notice.
Volt Strategic does not currently have any interest, directly or indirectly, in USHA or its securities.
Deepak Varshney, CEO of Usha Resources, stated, “We are thrilled to partner with Volt. The acquisition of Jackpot Lake firmly puts us in the battery metals space, adding lithium to our existing portfolio of nickel, copper, and cobalt assets. Volt brings a wealth of knowledge and experience in this sector and will help the Company develop a strong capital markets and communications program as we look to increase market awareness and visibility for the investment community.”
Non-Brokered Private Placement
The Company is also pleased to announce that, subject to the approval of the Exchange, it has arranged for a non-brokered private placement (the “Private Placement“) of up to 1,000,000 units (each a “Unit“) at $0.30 per Unit to raise potential aggregate gross proceeds of up to $300,000. The Company also announces that it has closed the first tranche of the Private Placement, issuing a total of 769,333 Units for aggregate gross proceeds of $230,800 raised.
Each Unit issued consists of one common share (a “Share“) in the capital of the Company and one-half of one transferable Share purchase warrant (each whole warrant a “Warrant“) with each whole Warrant exercisable at $0.45 per Share for a period of two (2) years from the date of closing of the Private Placement.
The Company paid finders’ fees totaling $14,766 cash and 49,220 non-transferable finder warrants (the “Finder Warrants“) to PI Financial Corp. and Canaccord Genuity Corp. in accordance with applicable securities laws. The Finder’s Warrants are exercisable on the same terms as the Warrants issued in the Private Placement.
All securities issued in the first tranche of the Private Placement are subject to the Exchange hold period, plus a hold period of four months and one day following the closing dates of the Private Placement expiring on August 2, 2022.
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha’s project portfolio consists of Jackpot Lake, a lithium project in Nevada, Nicobat, a nickel‑copper‑cobalt project in Ontario, and Lost Basin, a gold-copper project in Arizona. Usha increases shareholder value through the acquisition and exploration of quality battery metal properties that are drill-ready with high-upside that can be achieved through the completion of relatively inexpensive work programs. Usha’s portfolio of strategic properties provides diversification and mitigates investment risk.
USHA RESOURCES LTD.
“Deepak Varshney” CEO and Director
For more information, please call 306-690-8886, email info@usharesources.com, or visit www.usharesources.com.
- Published in Mining, News Home, Usha Resources
Canada Silver Cobalt Intersects 13.1 Meter Massive Sulphides Zone with Nickel, Copper and Cobalt close to Surface at Graal Battery Metals Property in Quebec
The most recent discovery intersected 9.30 meters of combined massive sulphides containing 1.20% NiEq, consisting of 0.72% nickel, 0.86% copper and 0.09% cobalt mineralization in NRC-22-24 at 142.5m.
Coquitlam, BC – TheNewswire – April 4, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to provide an update on exploration activity at its Graal nickel-copper-cobalt discovery in the Lac St-Jean region of Quebec, including the most recent assays results from drill hole NRC-22-24 which intersected 13.1 meters of combined massive sulphides within a 30-meter zone of disseminated and massive sulphides in a new area located 5 km from the previously reported discovery of massive sulphides.
“The results coming in from the labs for the drill program at Graal continue to be exciting for our geological team. Almost every drill hole has encountered disseminated to massive sulphides with strong nickel, copper and cobalt mineralization. We intend to continue to explore further to determine the full size of this nickel-copper cobalt deposit as it appears to have the potential to become an important supplier of battery metals for the EV market,” stated Matt Halliday, P.Geo., President, COO and VP Exploration.
The drilling campaign with 7,772m drilled so far has been paused to allow reception of pending assay data, bore-hole EM data, and the completion of the SQUID Ground Geophysical Survey. The geophysical survey aims to more accurately pinpoint and outline the geophysical conductors as well as identify areas where significant thicknesses are located.
The Company previously reported a major discovery of massive sulphides with high-grade nickel, copper and cobalt mineralization along with platinum and palladium in the northwest corner of the property where an airborne geophysical survey had indicated a sizeable gravity anomaly. The first three drill results reported in this location (NRC-21-02-03-04) showed segments up to 2.08% nickel and 3.75% copper. (See news release March 3, 2022.) More assays are pending.
In addition, about 5 km to the southeast, the Company also drilled hole NRC-22-24 in a spot that had not yet been drilled along the 6 km conductor continuity where a previous ground geological survey had indicated a gravity anomaly (see Figure 5 map below).
This drill hole (NRC-22-24) intersected 13.1 meters of combined massive sulphides within 30 meters of disseminated and massive sulphides between 121.5 – 152.1 meters downhole. Drill hole NRC-22-24 was drilled at an azimuth of 115 degrees, dip of -55 degrees, and is located at UTM 386142E, 5521057N. The other pending assay results will be released once received and validated.
See Table 1 below for assay data, Figures 2 & 3 for core photos, Figure 4 for a cross section of the drill hole and Figure 5 for a map of Graal property).
These latest assay results support the previously estimated potential target along the 6 km conductor continuity of near-surface tonnage of 30 to 60 million tonnes at a grade range of 0.60% to 0.80% nickel and 0.30% to 0.50% copper with 0.10% to 0.15% cobalt. This estimation does not take into account any potential at depth which is currently being explored.
Please note that the quantity and grade of this potential target calculation is conceptual in nature, and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential target primary evaluation is a calculation of the length multiplied by the thickness of intersection by the density of 3.3 to 4.0 t/m3 multiplied by the depth extension of 150 to 250m based on historical drill holes.
In addition to the holes drilled by Canada Silver Cobalt, there are historical intersections including hole 1279-00-10 drilled by Mines d’or Virginia Inc. in June 2000 approximately 200m south of NRC-22-24. This intersection is not part of the gravity anomaly, yet it still returned 1.15% Ni, 0.56% Cu and 0.15% Co over 4.5 meters (Source : GM 58815 ) which suggests the mineralization may be larger than the geophysical anomaly itself.
Table 1: Key sample and assay details for drill hole NRC-22-24
HOLE ID | From (m) | To (m) | Length (m) | Ni (%) | Cu (%) | Co (%) | % NiEq (1) |
NRC-22-24 | 121.50 | 152.10 | 30.60 | 0.39 | 0.40 | 0.05 | 0.63 |
NRC-22-24 | 121.50 | 129.20 | 7.70 | 0.61 | 0.34 | 0.07 | 0.89 |
Including | 121.50 | 122.50 | 1.00 | 1.30 | 0.24 | 0.13 | 1.69 |
Including | 122.50 | 123.50 | 1.00 | 1.35 | 1.16 | 0.14 | 2.05 |
NRC-22-24 | 142.80 | 152.10 | 9.30 | 0.72 | 0.86 | 0.09 | 1.20 |
Including | 142.80 | 143.70 | 0.90 | 1.26 | 0.10 | 0.11 | 1.56 |
Including | 145.60 | 146.00 | 0.40 | 0.21 | 2.32 | 0.04 | 1.01 |
Including | 146.00 | 146.90 | 0.90 | 1.17 | 0.21 | 0.12 | 1.53 |
Including | 148.20 | 148.90 | 0.70 | 1.01 | 3.31 | 0.13 | 2.33 |
Including | 149.40 | 150.00 | 0.60 | 1.02 | 3.40 | 0.12 | 2.35 |
Including | 150.00 | 151.00 | 1.00 | 1.27 | 0.92 | 0.16 | 1.94 |
Including | 151.00 | 152.10 | 1.10 | 1.16 | 0.89 | 0.16 | 1.82 |
Please note: Intervals are core length and is presumed to be close to true thickness, with no capping applied, and using quartered core split. Bolded intervals are grade composites.
Note (1) %NiEq = %Ni+(%Cu X CuPrice/ NiPrice)+ %Co X CoPrice/ NiPrice) where Nickel is 33,000USD/t, Copper is 10,000USD/t and Cobalt is 81,500USD/t; source LME March 30, 2022.
In addition, the technical team has noted other intervals with disseminated to massive sulfides that have assays pending. These intercepts include but not limited to:
- DDH NRC-21-05 intercepted 7.8 meters of mixed and disseminated sulfides mineralization, beginning at 144.3 meters depth.
- DDH NRC-21-06 intercepted 13.4 meters of mixed and massive sulfides mineralization, beginning at 1395.2 meters depth.
- DDH NRC-21-07 intercepted 1.9 meters of mixed and massive sulfides mineralization, beginning at 167.8 meters depth.
- DDH NRC-21-08 intercepted 9.1 meters of mixed and massive sulfides mineralization, beginning at 121.0 meters depth.
In addition to diamond drilling, bore-hole EM geophysics surveys was completed on several of the holes that intersected nickel and copper sulfides. The team is awaiting both the data and the geophysical report. The EM survey should assist in targeting the most prospective anomaly within a 100-meter radius from the existing holes. The mineralization remains open in all directions and at depth. The next phase of drilling in 2022 will focus on the areas identified by the SQUID survey. The drill program is currently being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.
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Figure 1: Map showing the location of NRC-22-24 (white) in addition to historical holes (blue) and the planned drill holes (yellow) targeting the geophysical anomaly.
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Figure 2: Core photo of NRC-22-24 with massive sulfides highlighted in box 28-29
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Figure 3: Core photo of NRC-22-24 with massive sulfides highlighted in box 33-35
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Figure 4: Cross Section showing Drill Hole NRC-22-24
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Figure 5: Map of Graal property with 6 km conductor continuity indicated by red line
QA/QC
The one-fourth core samples have been sent rush to OnSite Labs inc. located in Cobalt Ontario for sample preparation and four-acid digest multi-element suite including nickel and copper as well as a fire assay for platinum and palladium. Blank and standards were inserted in the sequence and meets expected values allowing the public disclosure. The one-half core results from ALS will be disclosed once received, verified for comparison to the one-fourth core results.
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., a member of the Quebec Order of Engineers, and is a qualified person in accordance with the National Instrument 43- 101 standards.
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. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.
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.
The Company also has 14 battery metals properties in Northern Quebec where it is currently drilling and the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.
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-cobalt space. 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
- Published in Canada Cobalt Works, Mining
Canada Silver Cobalt Reports Positive Battery Metals Assay Results from its Massive Sulphide Discovery at Graal in Northern Quebec
Assay results confirm the existence of strong nickel, copper and cobalt mineralization in addition to discovering low grade platinum and palladium.
Coquitlam, BC – TheNewswire – March 3, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce it has received positive assay results including intercepts up to 2.08% nickel and 3.75% copper from the first three diamond drill holes that intercepted massive sulphides at its Graal property in the Lac St-Jean region of Quebec.
Highlights:
- The assay results (see table below) verify the existence of nickel and copper that was identified using a handheld XRF device during the core logging process (See November 24, 2021 news release).
- The elemental data suggests the pyrrhotite is nickel bearing and shows the existence of PGM elements including platinum and palladium.
- There are assays pending from another 18 drill holes.
- Massive sulphides were intercepted in 20 of 21 drill holes with 7,772.3 meters drilled to date.
- Another 1,700 meters of drilling is planned at Graal along with borehole EM geophysics to quantify potential thickness around the sulphide intersections and a ground EM survey (SQUID) to identify conductive zones to create high-value targets at depth (See news release January 31, 2022).
Matt Halliday, P.Geo., President, COO and VP Exploration stated: “Graal has been an exciting property for our geological team from the time we hit massive sulphides in the first few holes. As we drilled more holes, we discovered even wider intervals of sulphides. We’re very much looking forward to the assays from the remaining 18 holes that are still not reported and continuing with exploration at this deposit. With Graal and the other prospective properties we have in Quebec and Ontario, the Company is well positioned for the continued discovery of battery metals, and when combined with our ‘green’ Re-2Ox extraction process, to be a fully integrated, environmentally compliant supplier of critical metals and value-added battery metals to the North American market.”
Table 1: Drill core assay results
DDH | From | To | Length (m) | Ni (%) | Cu (%) | Co (%) | Pt (g/t) | Pd (g/t) |
NRC-21-02 | 155.00 | 171.00 | 16.00 | 0.10 | 0.70 | 0.01 | 0.01 | 0.01 |
Including | 155.70 | 160.70 | 5.00 | 0.29 | 0.18 | 0.03 | 0.01 | 0.01 |
NRC-21-03 | 138.30 | 144.00 | 5.70 | 0.84 | 0.59 | 0.09 | 0.03 | 0.03 |
Including | 138.30 | 142.40 | 4.10 | 1.15 | 0.27 | 0.12 | 0.04 | 0.04 |
Including | 143.40 | 144.00 | 0.60 | 0.10 | 3.75 | 0.02 | 0.00 | 0.00 |
NRC-21-04 | 136.40 | 136.90 | 0.50 | 2.08 | 0.88 | 0.03 | 0.41 | 0.22 |
Please note: Intervals represent single assays and are core length with no capping applied.
The 6,113-hectare Graal property is one of 14 properties recently acquired in northern Quebec covering 31,201 hectares that are prospective for EV battery metals such as nickel, copper, and cobalt. (See February 16, April 21, July 22, November 15, 2021 and January 31, 2022 news releases). The drill program is currently being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.
Click Image To View Full Size
Figure 1: Map of Property, Claims, Drill Holes, and Sulphide Intercept Locations.
QA/QC
The core samples were sent to ALS labs located in Val d’Or for sample preparation and will be forwarded to a separate lab for a four-acid digest multi-element suite including nickel and copper as well as a fire assay for platinum and palladium. Blank and standards were included in the sample batch and their values allows the public disclosure of the assay results.
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., a member of the Quebec Order of Engineers, and is a qualified person in accordance with the National Instrument 43- 101 standards.
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.
The Company also has 14 battery metals properties in Northern Quebec where it is currently drilling and the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.
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-cobalt space. 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
- Published in Canada Cobalt Works, Mining, News Home
Sonoro Gold Reports Multiple High Grade Gold Intercepts at Cerro Caliche Including 27.43 Meters of 5.36 Grams of Gold per Tonne
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report the initial assay results from the first 24 drill holes of a 10,000-meter drilling campaign currently underway at its Cerro Caliche gold project in Sonora, Mexico. The objective of the program is to increase the estimated size and grade of the project’s oxide gold mineralization as well as to establish a basis for an extension of the estimated life of the proposed heap leach mining operation as outlined in the Preliminary Economic Assessment and updated Mineral Resource Estimate filed under the Company’s profile on SEDAR on October 29, 2021 (the “Mineral Resource Estimate”).
The results include drilling conducted in the gold mineralized zones of El Colorado and Guadalupe, located in the southwestern region of the property, where assays returned multiple higher-grade gold intercepts within larger intervals of high-grade gold mineralization. Drilling is continuing at both zones.
Highlights are as follows:
- SCR-266 intercepted 9.14m averaging 1.04 g/t Au; including 1.52m averaging 2.28 g/t Au; including 1.53m averaging 3.01 g/t Au
- SCR-277 intercepted 22.86m averaging 1.55 g/t Au; including 6.10m averaging 5.18 g/t Au; including 3.05m averaging 9.10 g/t Au
- SCR-280 intercepted 3.05m averaging 19.56 g/t Au; including 1.53m averaging 37.90 g/t Au
- SCR-282 intercepted 4.57m averaging 2.43 g/t Au; including 1.53m averaging 4.54 g/t Au
- SCR-286 intercepted 27.43m averaging 5.36 g/t Au; including 4.57m averaging 7.16 g/t Au; including 4.57m averaging 22.09 g/t Au; including 1.53m averaging 46.5 g/t Au
- SCR-287 intercepted 4.57m averaging 2.18 g/t Au; including 1.52m averaging 4.70 g/t Au
Mel Herdrick, Sonoro’s VP of Exploration commented, “These results indicate that we are successfully extending gold mineralization at Cerro Caliche while simultaneously demonstrating the potential for higher-grade mineralized zones deeper in the system.”
John Darch, Sonoro’s Chairman noted, “We are very pleased with these drilling results. The shallow high-grade drill intercepts and higher-grade gold intercepts at depth suggest the potential to increase both size and grade of the project’s resource, which, if confirmed, may not only extend the life of the proposed heap leach mine, but also may improve the overall economics of the project.”
Kenneth MacLeod, Sonoro’s CEO and President added, “These positive assay results support our decision to continue drilling while moving forward with the proposed development of an open pit mining operation. Confirmation of higher-grade intercepts at depth may suggest the possibility for underground gold mineralization. Further geological data is required, but we are very encouraged by these initial results.”
The map below illustrates the location of the drill holes.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
El Colorado Zone
When combined with prior drilling results, the current Infill and expansion drilling at the higher-grade El Colorado gold mineralized zone, reveal the presence of blind (lack of surface exposure) irregular higher-grade, low angle vein occurrences. These occurrences range from 10 to 70 meters below the present surface and may be included in future open pit cone determinations.
Drill hole SCR-286 intercepted high-grade gold mineralization at the deepest level of El Colorado’s epithermal system drilled to date. Near the bottom of the hole, a 27.43 meter intercept averaged 5.36 g/t Au, including 4.57 meters averaging 7.16 g/t Au, and 4.57 meters of 22.09 g/t Au, including 1.53 meters averaging 46.5 g/t Au and 1.52 meters averaging 3.25 g/t Au. As drilling stopped at this last gold intercept, future close-in drilling is planned to test for potentially deeper extension of the drill hole’s mineralization.
The high-grade SCR-286 intercept consists of vein and mega stock work located approximately 120 vertical meters lower than the resource pit cone used to calculate the zone’s gold resource in the updated Mineral Resource Estimate. The intercept begins underneath a gulley 80 meters immediately southeast of the pit cone proposed for the north slope of the gulley, and approximately 75 meters below surface with the mineralization continuing southeast under the south slope of the gully. Mineralization at El Colorado remains open to the northwest, the southeast and to depth.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Guadalupe Zone
At Guadalupe, SCR-277 intercepted 22.86 meters averaging 1.55 g/t Au, including 6.10 meters of 5.18 g/t Au and 3.05 meters of 9.10 g/t Au starting approximately 40 meters below surface. Located one kilometer north of SCR-286, the results suggest a continuation of the El Colorado vein system. At the deepest level to date within the Guadalupe epithermal system, SCR-280 intercepted 3.05 meters averaging 19.56 g/t Au, including 1.53 meters averaging 37.90 g/t Au.
The higher-grade zone’s repetitive character likely is due to a higher degree of shearing at the footwall of the Guadalupe vein structure. The footwall shows stronger shear character including mylonitic vein textures locally. As the zones have a horizontal character (with some low angle dips), a reverse faulting episode generated the necessary open space to permit near horizontal quartz veins to be deposited early in mineralization with later gold deposition. The possibility of these types of veins forming in other parts of the property is being reviewed but the entire structural zone around the Guadalupe vein structure may be permissive over more than 100 meters width.
The intercepts of higher-grade gold vein material at depth, may suggest the potential for underground gold mineralization in addition to the potential for the near-surface mineralization to be incorporated into the proposed Cabeza Blanca pit shell. Additional drilling is expected to add to the near-surface mineralization potential and drilling at depth will explore the underground potential.
Guadalupe was excluded from the updated Mineral Resource Estimate due to its lack of sufficient drilling density. The zone is located parallel to the west side of Cabeza Blanca. Some parts of the Guadalupe zone may be included with the Cabeza Blanca resource in future estimations.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
El Colorado/La Ventana – Guadalupe/Cabeza Blanca Corridors
Four “scout holes” drilled to the southeast along the extension of the El Colorado/La Ventana – Guadalupe/Cabeza Blanca structural corridors confirmed mineralization continues by approximately 400 meters to the south, for a total length of 1.5 kilometers. Drill hole SCR-265 at La Ventana intercepted 6.10 meters averaging 0.88 g/t Au, including 1.53 meters averaging 2.14 g/t Au and drill hole SCR-266 intercepted 9.14 meters averaging 1.04 g/t Au, including 1.52 meters averaging 2.28 g/t Au and 1.53 meters averaging 3.01 g/t Au. Assay results on an additional four drill holes are pending but the visual identification of quartz vein material in chip logs suggests a good potential for gold.
Drilling with programed inclined RC drill holes is focused on extending gold mineralization south of the existing mineralized zones where near surface extension drilling is focused on adding to the existing resource areas. Access into the newly extended corridor had been limited until recently constructed roads enabled the Company to undertake an extensive sampling and mapping program, providing higher-grade targets for the current drilling program.
The geology in the newly drilled southern extension is similar to the geology of known mineralized zones to the north. Higher-grade sampled vein zones extend along similar trends from the north into the extended corridor area, with the drill holes stepping out about 400 meters south. Host rock is a complex of dioritic to granodiorite intrusive with later crosscutting andesitic dikes, similar to host rock in the El Colorado gold mineralized area.
Drill hole lengths are variable ranging from approximately 70 meters to 140 meters. Intervals intercepted indicate the vein structural zones continue south beyond previously drilled holes with higher gold values. The true dips are currently unknown but true widths are expected to be 80% or more of reported widths. Gold/silver ratios remain low with elevated lead content indicating deeper epithermal modeled levels.
La Espanola Zone
Another area excluded from the Mineral Resource Estimate was La Espanola, located in the southeast region of the property. Six scout drill holes completed at La Espanola suggest lower grade mineralization in the northward extension of the vein zone. SCR-276 intercepted 4.58 meters averaging 0.77 g/t Au including 1.53 meters averaging 1.89 g/t Au. This new data will be assessed in conjunction with the data from the prior drill holes to determine the potential for the zone.
Drilling continues to advance at Cerro Caliche with 30 drill holes completed to date. COVID related delays in the completion of laboratory analyses have created significant sample backlogs and delayed the announcements of drilling results. To expedite material information to shareholders, four of the drill holes listed below include only gold assays while silver assay results are pending. Full assay results from the four drill holes will be available on the Company’s website once received.
The following table provides the assay results for the complete list of reported drill holes:
Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au | |||||||
Hole | Target | From | To | Interval | Au | Ag | AuEq |
Meters | g/t | g/t | g/t | ||||
SCR-265 | La Ventana | 0.00 | 6.10 | 6.10 | 0.876 | 2.30 | 0.887 |
including | 4.57 | 6.10 | 1.53 | 2.137 | 5.20 | 2.161 | |
and | 13.72 | 16.76 | 3.04 | 0.393 | 0.60 | 0.396 | |
SCR-266 | La Ventana | 36.58 | 45.72 | 9.14 | 1.044 | 17.10 | 1.123 |
including | 36.58 | 38.10 | 1.52 | 2.279 | 1.80 | 2.287 | |
including | 42.67 | 44.20 | 1.53 | 3.005 | 9.00 | 3.046 | |
SCR-267 | La Ventana | 16.76 | 19.81 | 3.05 | 0.383 | 0.80 | 0.387 |
SCR-268 | La Ventana | 21.34 | 25.91 | 4.57 | 0.164 | 2.00 | 0.173 |
SCR-269 | San Quintin | 33.53 | 38.10 | 4.57 | 0.324 | 4.00 | 0.342 |
SCR-270 | San Quintin | 24.38 | 27.43 | 3.05 | 0.452 | 2.90 | 0.466 |
SCR-271 | La Espanola | 48.77 | 51.82 | 3.05 | 0.221 | 0.50 | 0.224 |
and | 99.06 | 106.68 | 7.62 | 0.227 | 3.50 | 0.243 | |
SCR-272 | La Espanola | Deviated hole, did not cut the structure | |||||
SCR-273 | La Espanola | 64.01 | 67.06 | 3.05 | 0.340 | 0.20 | 0.341 |
SCR-274 | La Espanola | 36.58 | 39.62 | 3.04 | 0.238 | 0.40 | 0.240 |
SCR-275 | La Espanola | 13.72 | 18.29 | 4.57 | 0.299 | 7.90 | 0.335 |
SCR-276 | La Espanola | 9.14 | 13.72 | 4.58 | 0.194 | 0.20 | 0.195 |
and | 27.43 | 30.48 | 3.05 | 0.392 | 0.60 | 0.395 | |
and | 39.62 | 44.20 | 4.58 | 0.774 | 0.60 | 0.777 | |
including | 39.62 | 41.15 | 1.53 | 1.890 | 0.50 | 1.892 | |
and | 141.73 | 144.78 | 3.05 | 0.733 | 11.00 | 0.784 | |
and | 149.35 | 152.40 | 3.05 | 0.300 | 1.60 | 0.307 | |
SCR-277 | Guadalupe | 57.91 | 80.77 | 22.86 | 1.548 | PENDING | |
including | 60.96 | 67.06 | 6.10 | 5.180 | |||
including | 60.96 | 64.01 | 3.05 | 9.103 | |||
SCR-278 | Guadalupe | 57.91 | 60.96 | 3.05 | 1.585 | 1.30 | 1.591 |
including | 57.91 | 59.44 | 1.53 | 2.372 | 2.30 | 2.383 | |
and | 67.06 | 70.10 | 3.04 | 0.293 | 6.30 | 0.321 | |
and | 71.63 | 79.25 | 7.62 | 0.181 | 0.20 | 0.182 | |
and | 80.77 | 85.34 | 4.57 | 0.250 | 0.40 | 0.252 | |
SCR-279 | Guadalupe | 50.29 | 56.39 | 6.10 | 0.325 | 1.60 | 0.333 |
SCR-280 | Guadalupe | 0.00 | 9.14 | 9.14 | 0.747 | 1.70 | 0.754 |
including | 3.05 | 4.57 | 1.52 | 2.516 | 6.50 | 2.546 | |
and | 24.38 | 27.43 | 3.05 | 0.179 | 2.10 | 0.189 | |
and | 57.91 | 62.48 | 4.57 | 0.519 | 1.50 | 0.526 | |
and | 80.77 | 83.82 | 3.05 | 0.188 | 0.20 | 0.189 | |
and | 106.68 | 109.73 | 3.05 | 0.372 | 0.40 | 0.374 | |
and | 112.78 | 117.35 | 4.57 | 0.202 | 2.20 | 0.212 | |
and | 124.97 | 128.02 | 3.05 | 19.559 | 7.30 | 19.593 | |
including | 126.49 | 128.02 | 1.53 | 37.900 | 14.00 | 37.964 | |
SCR-281 | San Quintin | 0.00 | 16.76 | 16.76 | 0.256 | 0.70 | 0.259 |
and | 21.34 | 33.53 | 12.19 | 0.239 | 0.30 | 0.240 | |
and | 73.15 | 76.20 | 3.05 | 0.964 | 0.90 | 0.968 | |
including | 73.15 | 74.68 | 1.53 | 1.680 | 1.40 | 1.686 | |
SCR-282 | San Quintin | 16.76 | 22.86 | 6.10 | 0.255 | 2.50 | 0.266 |
and | 45.72 | 54.86 | 9.14 | 0.340 | 0.70 | 0.343 | |
and | 100.58 | 103.63 | 3.05 | 0.599 | 0.90 | 0.603 | |
and | 117.35 | 121.92 | 4.57 | 2.434 | 1.90 | 2.443 | |
including | 118.87 | 120.40 | 1.53 | 4.544 | 2.70 | 4.556 | |
SCR-283 | San Quintin | 0.00 | 3.05 | 3.05 | 0.318 | 0.50 | 0.320 |
and | 19.81 | 25.91 | 6.10 | 0.838 | 1.20 | 0.843 | |
including | 22.86 | 24.38 | 1.52 | 2.957 | 3.00 | 2.971 | |
SCR-284 | La Ventana | No Significant Values | |||||
SCR-285 | La Ventana | 4.57 | 7.62 | 3.05 | 0.243 | PENDING | |
SCR-286 | El Colorado | 39.62 | 41.15 | 1.53 | 1.425 | 0.40 | 1.427 |
and | 50.29 | 53.34 | 3.05 | 0.220 | 1.80 | 0.228 | |
and | 83.82 | 111.25 | 27.43 | 5.360 | 3.40 | 5.376 | |
including | 86.87 | 91.44 | 4.57 | 7.161 | 6.30 | 7.190 | |
including | 96.01 | 100.58 | 4.57 | 22.087 | 8.00 | 22.123 | |
including | 96.01 | 97.54 | 1.53 | 46.50 | 16.00 | 46.573 | |
including | 109.73 | 111.25 | 1.52 | 3.250 | 1.50 | 3.257 | |
SCR-287 | El Colorado | 19.81 | 30.48 | 10.67 | 0.486 | PENDING | |
including | 27.43 | 28.96 | 1.53 | 1.821 | |||
and | 44.20 | 48.77 | 4.57 | 2.181 | |||
including | 44.20 | 45.72 | 1.52 | 4.699 | |||
and | 71.63 | 74.68 | 3.05 | 0.451 | |||
and | 77.72 | 86.87 | 9.15 | 0.231 | |||
and | 91.44 | 94.49 | 3.05 | 0.237 | |||
SCR-288 | El Colorado | 1.52 | 4.57 | 3.05 | 0.407 | PENDING | |
and | 30.48 | 35.05 | 4.57 | 0.253 |
Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.
Drill Collar Locations (NAD 1927 UTM Zone 12N) | |||||||
Drill Hole | Zone | Easting | Northing | Elevation | Depth (m) | Dip | Azimuth |
SCR-265 | La Ventana | 536,485 | 3,364,123 | 1,340 | 140.21 | -50 | 270 |
SCR-266 | La Ventana | 536,478 | 3,364,116 | 1,340 | 85.34 | -45 | 210 |
SCR-267 | La Ventana | 536,542 | 3,364,159 | 1,351 | 164.59 | -45 | 225 |
SCR-268 | La Ventana | 536,504 | 3,364,100 | 1,334 | 82.30 | -50 | 190 |
SCR-269 | San Quintin | 536,608 | 3,364,189 | 1,347 | 140.21 | -45 | 225 |
SCR-270 | San Quintin | 536,585 | 3,364,372 | 1,355 | 201.17 | -45 | 280 |
SCR-271 | La Espanola | 538,019 | 3,364,923 | 1,341 | 134.11 | -50 | 70 |
SCR-272 | La Espanola | 537,942 | 3,364,962 | 1,385 | 249.92 | -45 | 80 |
SCR-273 | La Espanola | 538,066 | 3,365,081 | 1,343 | 70.10 | -45 | 270 |
SCR-274 | La Espanola | 538,043 | 3,365,130 | 1,342 | 73.15 | -50 | 270 |
SCR-275 | La Espanola | 537,977 | 3,365,264 | 1,377 | 48.77 | -45 | 235 |
SCR-276 | La Espanola | 537,981 | 3,364,978 | 1,367 | 204.22 | -40 | 90 |
SCR-277 | Guadalupe | 535,961 | 3,365,059 | 1,417 | 88.39 | -45 | 260 |
SCR-278 | Guadalupe | 535,998 | 3,365,011 | 1,388 | 103.63 | -45 | 260 |
SCR-279 | Guadalupe | 536,020 | 3,364,896 | 1,358 | 88.39 | -45 | 260 |
SCR-280 | Guadalupe | 536,088 | 3,364,970 | 1,338 | 143.26 | -45 | 260 |
SCR-281 | San Quintin | 536,682 | 3,364,506 | 1,293 | 82.30 | -45 | 70 |
SCR-282 | San Quintin | 536,679 | 3,364,506 | 1,293 | 128.02 | -45 | 255 |
SCR-283 | San Quintin | 536,586 | 3,364,499 | 1,282 | 60.96 | -45 | 230 |
SCR-284 | La Ventana | 536,376 | 3,364,500 | 1,240 | 82.30 | -45 | 255 |
SCR-285 | La Ventana | 536,417 | 3,364,513 | 1,240 | 131.06 | -45 | 255 |
SCR-286 | El Colorado | 536,273 | 3,364,477 | 1,194 | 111.25 | -45 | 220 |
SCR-287 | El Colorado | 536,211 | 3,364,468 | 1,213 | 100.58 | -90 | 0 |
SCR-288 | El Colorado | 536,192 | 3,364,420 | 1,218 | 118.87 | -50 | 210 |
Quality Assurance/Quality Control (“QA/QC”) Measures and Analytical Procedures
Drill samples are collected with an airstream cyclone and passed into a splitter that divides each sample into quarters. The quartered samples are then bagged and sealed with identification. The sample group has blanks, standards and duplicates inserted into the sample stream.
Bureau Veritas (BV) collects from the drill site the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the prep. laboratory, a split part of each sample (about 500 grams) is reduced through crushing, splitting and pulverization. Thirty grams of each pulverized sample is split apart in the Hermosillo laboratory and undergoes a “Fire Assay” for gold content by reducing the fire assay to a concentrated button of material that is dissolved in acids and the gold content determined by atomic absorption. About another 200 grams of each sample are sent by BV to their Vancouver, Canada laboratory and dissolved there in aqua regia for multi-element ICP analysis, including silver.
ALS-Chemex collects the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the laboratory, part of each sample is reduced through crushing, splitting and pulverization from which 200 grams is sent to the ALS-Chemex assay laboratory in Vancouver. Thirty grams undergoes fire assay for gold with the resulting concentrated button of material produced is dissolved in acids and the gold is determined by atomic absorption. Another quantity of the sample is dissolved in four acids for an ICP multi-element analysis.
No QA/QC issues were noted with the results received from either laboratory.
Geologic Description
Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico. Multiple historic underground mines were developed in the concession including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and Espanola. Mineralization types of the Cucurpe-Sonora Mega-district include variants of epithermal low sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered and mineralized felsic dikes cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the dikes and meta-sedimentary rocks.
Qualified Person Statement
Stephen Kenwood, P.Geo., a Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily indicative of economic gold mineralization in the concessions held by the Company.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of Sonoro Gold Corp.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com
- Published in Mining, News Home, Sonoro Gold
Glen Eagle: $6M Potential Windfall Using Cycladex Green Technology
Glen Eagle Resources ( TSXV:GER) (OTC:GERFF) (“Glen Eagle” the “Company”, or “GER”) announced in a news release dated June 15, 2021 that it was partnering with Cycladex to test an environmentally friendly technology that could better serve our mining suppliers by addressing a broader spectrum of mining needs, accelerating our leach time and improving recovery without affecting Cobra’s current operations.
Since then, the Company has remained in close contact with Cycladex, while conducting a due diligence process to better understand its technology. Tailing samples were sent recently to their laboratory for analysis. The ensuing results were excellent with an estimated 95% recovery or 1.5 grams gold per ton with a leach time of less than two hours.
The samples were taken close to surface and the Company is confident that 1.5 grams gold per ton is representative of the overall average grade contained in the tailing. It is also in line with regular sampling data collected over the years, including the information retrieved from nine drill holes conducted in tailing pond number three as part of the Company 2021 drilling program.
Cobra Oro gold processing plant was built and expanded to contain a total 50,000 tons of waste material based on the construction parameters of its three tailing ponds.
The numbers are quite significant as they would represent approximately $6M dollars of insitu recoverable gold with no toxic disposable byproducts, turning a liability into a potential asset.
Cycladex’s technology has been performing well on different type of ores and has been tested on batches of 20 tons and will be running additional pilot testing at Cobra Oro’s plant site.
The numbers quoted in this news release are based on in-house data and do not meet NI-43101 standards and can only be relied upon based on the information accumulated by the Company over the years and on the assumption that the results obtained from Cycladex laboratory can be repeated on larger scale.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home