King’s Bay Applies for Exploration Permit for Phase 2 Exploration on the Lynx Lake Project in Labrador
King’s Bay Applies for Exploration Permit for Phase 2 Exploration on the Lynx Lake Project in Labrador
Momentum Public Relations
Press Release: July 6, 2017
Vancouver BC. (FSCwire) – King’s Bay Gold Corporation (TSX.V: KBG) (FSE: KGB1), operating as “King’s Bay”, a mineral exploration company based in Vancouver submits application to Newfoundland and Labrador Government, Department of Natural Resources for the commencement of phase 2 of the exploration program in south eastern Labrador.
Phase 2 of the Lynx Lake exploration program will involve ground truthing for the recently flown VTEM survey, which highlighted an area of low resistivity in the western pit of mineralization. The size of the anomaly is anticipated to be ranging in depth from 50-300meters and estimated to be approximately 400 meters in diameter. The “west pit” has been historically sampled yielding assays of up to 1.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Copper, 0.56{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cobalt, 0.23{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Vanadium, 0.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Nickel and 5.0g/t Silver.
The exploration program will consist of a localized ground electromagnetic survey over the anomaly at 20-meter line spacing. It will also include reconnaissance for bedrock exposure in the underexplored anomalous area that runs south of the west pit.
About Lynx Lake
The Lynx lake Project has returned historical grab samples assaying up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cu, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Co, 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Ni and 6.5g/t Ag. Government regional low resolution residual magnetic surveys and preliminary handheld electromagnetic unit surveys done by local prospectors have shown strong conductors beneath the overburden, and provide incentive to explore the area further for additional subsurface mineralization. The Project is located directly adjacent to a 3 phase powerline and the Trans-Labrador Highway.
About King’s Bay
King’s Bay is focused on the exploration of cobalt and other high‐tech metals in North America. The company believes in this emerging fast‐growth sector and will continue to seek out and evaluate properties that show promise for development. King’s Bay Gold Corp is operating as King’s Bay.
On Behalf of the Board,
Kevin Bottomley
CEO, President
Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine cannot be obtained. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/King’sBay07062017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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- Published in King's Bay, Mining, News Home
Majescor/Albert Mining Commences Exploration on its Quebec Diamond and Gold Properties
Majescor/Albert Mining Commences Exploration on its Quebec Diamond and Gold Properties
Momentum Public Relations
Press Release: June 27, 2017
Ottawa, Ontario / TheNewswire / June 27, 2017 – Majescor Resources Inc. /Albert Mining (“Majescor” or the “Corporation”) (TSX-V: MJX), an exploration mining Company and a leader in applying Artificial Intelligence and data mining technical services in the mining sector using its Computer Aided Resources Detection System (“CARDS”), is pleased to announce the initiation of its summer 2017 field program on its gold and diamond properties*, notably:
James Bay Kimberlite
The James Bay Kimberlite property which consists of 21 claims blocks (131 CDC claims) located in proximity to the Renard Diamond Mine and Stornoway’s Adamantin Project , will be investigated in early July through till sampling. Some of the glacial sediment samples will be collected immediately down ice from the 37 kimberlite targets that were identified and scored by rank of priority using the Computer Aided Resource Detection System (CARDS). This territory became a focal point for kimberlite exploration following the discovery of diamonds in the Renard and the Beaver Lake sectors. The helicopter-borne sampling will be carried out by two senior geologists and the samples will be promptly submitted to Overburden Drilling Management of Ottawa for the recovery and identification of kimberlitic indicator minerals.
Nelly Neilson gold and Laparre Kimberlite
Work on the two projects will be carried out in conjunction with exploration on the James Bay Kimberlite property. The Nelly Neilson and Laparre properties respectively cover anomalous gold grains and kimberlite indicator minerals in glacial sediment identified through previous regional sampling. The follow-up work will entail closely-spaced till sampling to confirm and better locate the source of the minerals. About ten till samples are planned at Laparre. Till fences, in contrast, are to be performed perpendicularly to the main ice flow at Nelly Neilson.
Currie-Madeleine Gold-Copper
The Currie-Madeleine property covers 4 gold targets, 1 copper target, and 2 copper-zinc targets, all generated by Albert Mining using its Computer Aided Resource Detection System (CARDS). It consists of 54 claims (CDC) distributed in two blocks for a total area of 3,030 hectares. The property is located in the Lebel-sur-Quevillion and Desmaraisville area and it rests on the prolific Archean Abitibi sub-province. Four gold showings grading over 1 g/t and two zinc showings grading over 1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} have been reported in historical drill holes on the property. Many gold showings are described in the area and three gold deposits: Discovery, Lake Rose, and Flordin, are located within seven km of the property. After the compilation and integration of all geology and drilling reports, geophysical ground and recent airborne surveys, including data from adjacent properties, a first phase exploration program including field reconnaissance will be performed on the CARDS-generated targets. A high-resolution geophysical EM survey will follow. A detailed analysis of the data from the second phase will aid the company to re-evaluate the mineral potential of the property and determine the appropriate location and orientation of future drill holes.
Wachigabau Gold-Copper
The Wachigabau property covers 5 gold targets and 1 copper target selected from the CARDS computer program of Albert Mining. It consists of 33 map-designated claims (CDC), totaling 1,842.03 hectares. The property lies within the southern band (Caopatina Segment) of the Chibougamau-Matagami Archean greenstone belt. The Wachigabau property is located within a 15 km radius of 2 gold deposits (Short Lake & Mariposite) and 3 known gold and base metals showings (Lac Relique-Ouest, Simard & Lac Lapointe SE). A geochemical survey will be performed over the CARDS gold targets hidden below thick overburden so as to validate their mineral potential.
Mirabelli Gold
Majescor recently initiated its 2017 field season by completing detailed prospection and infill till sampling along the paved Radisson Road on its Mirabelli Property located in Quebec’s James Bay area. The suspected iron formation was observed in bedrock and samples were sent to the laboratory for gold and multi-element analysis. Till samples are being processed for recovery and identification of visible gold particles and heavy mineral fractions.
About Majescor Resources Inc.
Majescor is a junior mining exploration company with an extensive portfolio of gold and diamond properties in Quebec. Majescor also recently acquired assets from DIAGNOS Inc.’s mining division, including the Computer Aided Resources Detection System (“CARDS”). Majescor can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Corporation’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
The scientific and technical content of this release was approved by Grigor Heba, P.Geo. a qualified person as defined by the National Instrument 43-101. For further information, please consult Albert’s website https://albertmining.com/ or contact
Michel Fontaine
President and CEO of Majescor Resources Inc./Albert Mining Inc.
Telephone: 514-994-5843
Email: michel@majescor.com
Additional information about the Corporation is available under Majescor’s profile on SEDAR at www.sedar.com.
This news release contains certain “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. 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 are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Majescor shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Majescor’s public disclosure documents, copies of which are available on Majescor’s SEDAR profile at www.sedar.com.
Although Majescor believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Majescor’s actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Majescor disclaims any intention or obligation to publically update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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.
Copyright (c) 2017 TheNewswire – All rights reserved.
- Published in Albert Mining, Mining, News Home
Savant Explorations Ltd. Announces $500,000 Financing
Savant Explorations Ltd. Announces $500,000 Financing
Momentum Public Relations
Press Release: June 5, 2017
VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 5, 2017) – Savant Explorations Ltd. (TSX VENTURE:SVT) (the “Company“) announces the Company has arranged a private placement of $500,000 at a price of $0.05 per common share, subject to regulatory approval. Certain insiders have agreed to participate and the common shares to be issued pursuant to this private placement will be subject to a hold period expiring four months and one day from closing. The proceeds will be used to advance the Company’s wholly-owned Blue Moon zinc project including initiating the baseline work for permitting, initial engineering work, obtaining permits for the anticipated drill program and general working capital.
About Savant
The Company is focused on the wholly-owned advanced stage Blue Moon Zinc project. The Blue Moon project has a current resource estimate of 2.62 million tons with a grade of 6.01{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Indicated category and 2.68 million tons with a grade of 5.98{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} zinc in the Inferred category plus significant values of copper, silver and gold. Historical metallurgical testing indicates favourable recoveries of zinc and other metals. A NI 43-101 report detailing the resource and summarizing metallurgical recoveries is available on the company’s website (www.savantexplorations.com) and filed on SEDAR on February 21, 2008. The Company plans to advance the project to feasibility and permitting.
Qualified Persons
Jack McClintock, P. Eng, a Director of the Company, is a qualified person as defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration and development drilling, exploitation and development activities and events or developments that the Company expects are forward-looking statements. Although the Company 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 or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.
Savant Explorations Ltd.
Patrick McGrath
CEO
1-832-499-6009
pmcgrath@bluemoonmining.com
www.savantexplorations.com
Cruz Cobalt to apply for exploration permit at Johnson Cobalt Prospect in Ontario
Cruz Cobalt to apply for exploration permit at Johnson Cobalt Prospect in Ontario
– Momentum Public Relations –
Press Release: March 17, 2017
Mr. James Nelson reports
Cruz Cobalt Corp. is making an application for an exploration permit on its Johnson cobalt prospect. This prospect is located in the vicinity of the city of Cobalt, home to one of the largest cobalt/silver districts in North America. This permit will cover the following activities of mechanized drilling, mechanized stripping, the pitting and trenching of bedrock, and line cutting.
Cruz president James Nelson stated: “We are pleased to have started the process to be able to commence work on another of our cobalt prospects in Ontario. We have now started the process on two separate cobalt prospects in the premier address for cobalt in Canada. Cruz has amassed one of the largest land packages in the cobalt district right around the city of Cobalt and we plan to be active on all of these projects this season. Cruz will be one of the most active juniors in the region and being one of the first entrants in the cobalt space gives Cruz an early mover advantage by being able to hand pick its Cobalt prospects, before most new entrants considered cobalt as a target. Cruz has enough cash on hand to commence operations on all the Ontario cobalt projects.”
Cruz currently has seven cobalt projects located in Canada, one in Idaho and now one in Montana. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt making Cruz one of the largest land holders in this emerging cobalt district. The 900-acre Coleman cobalt prospect, the 900-acre Johnson cobalt prospect, the 5,500-acre Hector cobalt prospect and the 1,480-acre Bucke cobalt prospect. The company’s 4,935-acre War Eagle cobalt prospect in British Columbia covers a past-producing mine.
The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Cruz Cobalt, Mining, News Home
Canadian Diamond Exploration Companies Have Reason for Optimism
Canadian Diamond Exploration Companies Have Reason for Optimism
Diamonds are associated with fine jewelry, but they are also the hardest natural minerals on earth. This property makes them highly prized for industrial cutting and polishing functions. Approximately 26,000 kilograms of them are mined worldwide annually. Whether they are found in Africa, Australia or in Canada, all of the world’s diamonds were born in exactly the same fashion.
How Diamonds were Formed
The circumstances leading up to the birth of the stones we call diamonds started about 3.2 billion years ago. At that time continents were forming on the Earth’s surface. Hundreds of kilometers below the surface, however, conditions were quite different. At pressures 50,000 times higher than the surface atmospheric conditions and temperatures reaching up to 1,300°C, new crystals with a lattice structure began to take shape.
The diamonds were formed in molten rock found between 125-200 kilometres below the surface. Some of the rarer stones originated at levels up to 400 kilometers down. When volcanic eruptions pushed magma up through the earth’s mantle toward the surface, the process was too rapid for the diamond’s crystal structure to degrade into graphite. As the volcanoes cooled over time, the diamonds remained locked inside immense cones of kimberlite (solid magma).
Diamond Exploration and Drilling
Kimberlites are relatively small (they generally have a surface area of less than 12 hectares), making them challenging to find. Their molten rock picks up other minerals along with diamonds. These kimberlitic indicator minerals rise to the surface and provide clues to the presence of diamonds.
Once kimberlite is located, tons of rock is collected from the top of the pipe and processed. Extracting this material to look for diamonds from the ground is not an easy process, since kimberlite tends to wear down more quickly than most of the rock surrounding it. As a result this creates depressions over the kimberlite pipes. The pipes fill up with water and glacial debris, which makes it difficult to get to the kimberlite.
If kimberlite is located, however, further diamond drilling and analysis must be conducted to learn about the extent of the deposit and its diamond content.
Diamond Mining in Canada
Canada is the fourth-largest diamond producer in the world. The country has active mines in the Northwest Territories and in Northern Ontario.
- The Diavik Mine is located about 190 miles north of Yellowknife in the Northwest Territories. Rio Tinto owns a 60 percent interest in, and operates the mine, which produces between six and seven million carats of large, “Gem-quality” diamonds annually. Harry Winston Diamond Mines owns the other 40 percent of the operation.
- The Ekati Mine has the distinction of being Canada’s first surface and underground mine. It is located in the Northwest Territories’ Lac de Gras region, about 300 kilometers northeast of Yellowknife. The mine has a reputation for producing high-quality gem diamonds. Its total cumulative production to January 2016 was approximately 63 million carats.
- The Victor Mine is located in the James Bay Lowlands of Northern Ontario, approximately 90 kilometers from the community of Attawapiskat First Nation. This open pit mine is Ontario’s first diamond mine and produces 600,000 carats annually.
- Gahcho Kué is situated 280 kilometres northeast of Yellowknife in the Northwest Territories and is Canada’s newest mine. One of the 10 largest mines in the world, it is expected to produce 4.5 million carats annually.
Canadian Diamond Exploration and Development
Currently, Canadian exploration companies are actively pursuing several projects. In January 2017, Kennady Diamonds announced diamond recovery results of 2.18 carats per tonne of kimberlite from its Kennady North Project in the Northwest Territories. The property is situated immediately adjacent to the Gahcho Kué mine.
DeBeers Canada announced that it will continue its search for diamonds in northern Saskatchewan in the fall of 2016. The company is involved in exploring a site north of the decommissioned Cluff Lake uranium mine. It optioned the site in May 2016 and can invest up to $20.4 million in four stages over a seven-year period. If the company completes all of the stages, it could earn a 90 percent stake in the property. The next step is to drill for targets on the 43,000-acre Northwest Athabasca Project site. The drill team is expected to work through the fall and winter months collecting samples.
Buddy Doyle (VP Exploration, Director at Arctic Star Exploration (ADD:tsxv) has 25 years experience in mineral exploration. He worked for Rio Tinto PLC for over 23 years, most recently he was Exploration Manager/Vice President of Kennecott Canada Exploration Inc. (owned by Rio Tinto), in charge of diamond exploration in North America. He was a key member of the Kennecott Exploration Australia team that discovered the multi-million ounce Minifie gold deposits at Lihir in 1987-1988 and led the team which discovered the Diavik diamond deposits in 1994-1995. Few geologists have seen 2 projects from discovery through to decision to mine. Arctic Star’s Diagras Property might prove to be his next world class discovery.
From Arctic Star’s website, “The Diagras Property consists of 23 contiguous claims staked by Arctic Star, with an area of 18,699 hectares. The property is in joint venture with Margaret Lake Diamonds whereby Margaret Lake has earned a 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} interest. The property is located in the north-eastern part of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine and 36km east of the Ekati diamond mine in NWT Canada. The Company has verified through research and compilation that the property hosts over a dozen kimberlites, most of them diamondiferous. Arctic Star’s research and compilation of historical data in the public domain confirms that Diagras is a property of merit that deserves additional exploration.” For more information, click here
- Published in Arctic Star Exploration, Blog, Mining