Northern Lights Strengthens Geological Team at Secret Pass and Medicine Springs
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) ( CSE:NLR ) (CNSX:NLR.CN) is pleased to announce a number of updates as the Company advances the Secret Pass gold project in Arizona and the Medicine Springs silver, lead zinc project in Nevada.
Northern Lights is pleased to announce the following appointments to its corporate and project teams:
- – Mr. Paul Warren has been appointed to our geological team and is leading our exploration program at the Secret Pass Gold project in Arizona. Paul is a highly experienced Professional Geologist with over 25 years of experience in exploration, geotechnical, structural geology and mine operations. From 1995 to 2017, Paul worked for PT Freeport McMoran (“Freeport”) at the company’s copper and gold mine in Irian Jaya, Indonesia (one of the largest copper/gold mines in the world). Paul held a range of operating and management positions at Freeport including Exploration Geologist where he conducted helicopter assisted exploration in remote locations; General Superintendent roles leading and training Freeport geological teams in resource, geology and hydrology modelling. Paul is an expert at computer based modeling and early stage exploration of Cu-Au porphyry skarn deposits. Paul holds a Master of Arts in Geology and a Bachelor of Science Geology from University of Texas. Paul is a Professional Geologist and is a Certified Professional Geologist. Paul is based in Tucson, Arizona.
- – Mr. William (Bill) Tafuri has been appointed to our geological team and will oversee exploration at the Medicine Springs silver lead and zinc project in Nevada and assist the Company exploration program at Secret pass and other project evaluations. Bill has over 40 years of experience working on a wide range of gold and base metals exploration and development projects throughout USA, Indonesia, Kyrgyzstan, Kazakhstan and Russia. Bill’s experience includes senior roles with: Getty Mining Company where he managed exploration and project evaluation for porphyry copper as well as gold projects; Senior Geologist at Santa Fe Gold and subsequently Newmont Gold; Phelps Dodge where he directed and lead local geological teams in Kazakhstan and evaluated gold and polymetallic deposits; Chief Geologist for Kinross Gold where he was responsible for all exploration projects in the Western Hemisphere. Bill holds a Ph.D in Geology from the University of Utah and a Masters in Geology and a Bachelor of Science in Geology from the University of Nevada. Bill is based in Park City, Utah.
Both Paul and Bill will report to NLR’s Chief Geologist, Gary Artmont who is overseeing and directing the Company’s exploration strategy.
- – Mr. Michael (Mike) England has been appointed as a Strategic Advisor to Northern Lights. Mike is a Vancouver based mining industry executive and is currently leading several successful exploration companies with projects in Canada and USA including Sky Gold Corporation, BTU Metals and Golden Lake Exploration. Mike will assist Northern Lights with the company’s business growth and financing strategy.
Northern Lights has begun the application processes for an OTCQB listing with DTC eligibility as well as a Frankfurt Stock Exchange listing.
Chairman and President, Rick Timcke commented ” Northern Lights is extremely delighted to strengthen the geological and corporate team with the addition of Paul Warren, Bill Tafuri and Mike England. The OTC and Frankfurt listings will assist to broaden the Company’s shareholder base and will provide non-Canadian investors with an opportunity to participate in the rapid growth of Northern Lights. “
Northern Lights is actively progressing exploration at both the Secret Pass Project in Arizona and the Medicine Springs Project in Nevada. The Secret Pass and Medicine projects are in good standing with all federal and state maintenance fees paid for the 2020/2021 year.
The Company plans to announce updates to the exploration plans for both projects in the coming weeks.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead property located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com .
- Published in Mining, News Home, Northern Lights Resources
Granada Hits 5.64 G/t Gold Over 6.86 Meters Including 20.4 g/t Gold Over 1.5 Meters
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to provide an update on its on-going drill program at Granada. This release contains drill results under the pit-constrained mineral resource.
Highlights:
- 5.64 g/t gold over 6.86m in GR-20-10 from 364.64 to 371.50m
- 4.26 g/t gold over 4.50m in hole GR-20-13 from 290.50 to 295.00m
The company completed the 6000-meter drill program and has begun another 6000-meter drill program with 2 drills on site. All drill holes intercepted mineralization which will be used in the updated resource calculation.
ASSAY RESULTS FROM BELOW PIT-CONSTRAINED MINERAL RESOURCE
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-20-10 | 364.64 | 371.50 | 6.86 | 5.64 |
Including | 364.64 | 365.84 | 1.20 | 4.47 |
Including | 370.00 | 371.50 | 1.50 | 20.40 |
GR-20-11 | 292.50 | 294.00 | 1.50 | 3.37 |
GR-20-12 | 338.70 | 341.70 | 3.00 | 3.07 |
Including | 339.70 | 340.20 | 0.50 | 14.40 |
GR-20-13 | 290.50 | 295.00 | 4.50 | 4.26 |
Including | 292.00 | 293.50 | 1.50 | 11.90 |
GR-20-14 | 304.90 | 306.00 | 1.10 | 4.51 |
AND | 324.15 | 324.65 | 0.50 | 11.65 |
AND | 430.90 | 431.40 | 0.50 | 5.92 |
AND | 445.30 | 446.80 | 1.50 | 4.41 |
GR-20-16 | 356.66 | 360.15 | 3.47 | 2.87 |
Including | 358.16 | 359.16 | 1.00 | 7.17 |
Lengths are core length and are close to true widths, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method. The assays still pending are for holes GR-20-15 and GR-20-17.
Frank J. Basa, P.Eng., “The drill hole data under the pit-constrained resource could potentially change the economics of developing the Granada Mine Property. Previously explored as a low-grade, open pit deposit, the company now envisions an open pit with a ramp from the bottom of the pit into the higher-grade mineralization below, significantly adding more ounces to the current resource.”
Holes GR-20-10 through GR-20-13 were drilled in front of GR-11-384 to enable definition of an underground mineral resources panel in that sector. GR-11-384 intersected 3.05m at 35.76 g/t Au at 425.45m. This interval is 225m up dip of GR-18-03 which intersected 8 meters at 6.65 g/t Au at a depth of 569m in vein 2 (footwall vein historical labelling within the LONG Bars Zone.)
Holes GR-20-14 and GR-20-15 were drilled 50 metres to the north of GR-11-377 to enable definition of underground mineral resources in that sector. GR-11-377 previously intersected the 3 veins: Vein 1, Vein 3 & Vein 2(foot wall) with high-grade individual assays of 3.64 g/t Au over 1.5m at 265.5m, 14.37g/t Au over 1.5m328.5m, and 6.65 g/t Au over 1.3m at 429.7m.
Holes GR-20-16 and GR-20-17 were then drilled on the same set-up as GR-11-393 with different dips to enable definition of underground mineral resources in that sector. GR-11-393 had intersected the 3 veins: Vein 1, Vein 3 & Vein 2 (foot wall) with high-grade individual assays of 12.14 g/t Au over 0.5m at 277.5m, 9.76g/t Au over 1.0m at 318.0m, and 12.73 g/t Au over 1.3m at 425.5m. As noted, assay results from GR-20-15 and GR-20-17 have not yet been received but will be disclosed after they are validated and interpreted. See drillhole location map further down in this press release for more details. The table presents the characteristics of the drill holes.
DRILL HOLE LOCATION DATA
Hole | UTME | UTMN | Elevation | Azimuth | Dip | Length (m) |
GR-20-10 | 647140.1 | 5338416.9 | 304.85 | 192.9 | -57.4 | 475 |
GR-20-11 | 647140.2 | 5338417.3 | 304.83 | 186.9 | -76.8 | 522 |
GR-20-12 | 647140.0 | 5338417.1 | 304.63 | 196.0 | -70.0 | 552 |
GR-20-13 | 647140.4 | 5338417.3 | 304.88 | 185.7 | -70.5 | 549 |
GR-20-14 | 647226.5 | 5338476.8 | 303.40 | 185.6 | -69.9 | 516 |
GR-20-15 | 647226.5 | 5338476.9 | 303.32 | 180.0 | -80.3 | 552 |
GR-20-16 | 647006.5 | 5338446.3 | 312.52 | 201.5 | -73.1 | 498 |
GR-20-17 | 647006.6 | 5338446.4 | 312.48 | 201.5 | -80.2 | 558 |
A total of 5,841.77meters were drilled. The information contained in this press release covers both completed and partial results for 3,664 meters of drilling.
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards.
Quality Control and Reporting Protocols
All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The screen assay method is selected by the geologist when samples contain visible gold. The drill program, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes for this program in addition to the lab QA/QC.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property. But is not necessarily indicative of mineralization hosted on the company’s property.
Pit-Constrained Mineral Resources at Granada disclosed on February 13th, 2019 Press Release prepared by SGS independent QP Maxime Dupéré Geo. & Allan Armitage P. Geo “Technical Report on the Granada Gold Project Mineral Resource Estimate, Rouyn-Noranda, Quebec, Canada.”stand at:
Category | Tonnes | Grade (g/t AU) | Contained Gold (oz.) |
Measured | 12,637,000 | 1.02 | 413,000 |
Indicated | 9,630,000 | 1.13 | 349,000 |
Measured & Indicated | 22,267,000 | 1.06 | 762,000 |
Inferred | 6,930,000 | 2.04 | 455,000 |
Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to a Measured and Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
* Pit constrained mineral resources are reported at a cut-off grade of 0.4 g/t Au within a conceptual pit shell.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and half kilometers. Three of these structures were mined historically from two shafts and two open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 5 to 3.5 grams per tonne gold
The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.
“Frank J. Basa”
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Granada Gold Mine Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2020/30/c9609.html
Contact:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or waynecheveldayoff@gmail.com
- Published in Granada Gold Mine, Mining, News Home
Canada Silver Cobalt Expands Robinson Zone by 500 Percent, Intersects New High-Grade Vein
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce a major reinterpretation of the past-producing Gowganda Silver Camp, 75 kilometers southwest of Kirkland Lake, and vast expansion to the mineralized Robinson Zone at Castle East with just the first 9,000 metres in Phase 1 of the 50,000-metre drill program in this exciting high-grade grassroots silver discovery.
Highlights:
- 3,452 g/t silver over 0.4 metres downhole in hole CS-20-28 intersected 75 metres above Robinson Zone original intersection in an all-new vein
- Targeted exploration area significantly enlarged up to 135 metres East-West, up to 100 metres North-South and up to 256 metres vertically – resulting in a 500% increase in known mineralized area
- At least 4 new mineralized veins identified in the first 9,000 metres of 50,000 metre drill program
Strategic drilling has opened up at least 3 new veins – including 3,452 g/t silver over 0.4 metres (true width unknown) downhole – an all-new vein intersected in hole CS-20-28, 75 metres above Robinson Zone original intersection – at a depth of 347 metres. Additionally, the Company is very encouraged with the intersection of multiple, large carbonate veins at depth, conveying a strong plumbing network to the Robinson Zone and Castle East. These additional veins contain sufficient silver mineralization to justify further targeting them in search of potential high-grade mineralized panels. Mineralization is being added to the east-west lateral extent of the Zone along with new veins to the north and the south. The deposit model is continually updated to extract new and valuable structural and geochemical information.
Due to the early and significant successful progress to date – Canada Silver Cobalt Works has completed 18% of the initial, proposed 50,000-metre drill program – the Company is already considering expanding the program to follow up on the newly identified mineralized veins as well as to further expand the potential exploration horizon. There are currently 2 drill rigs on site drilling round the clock. The Company is redefining historic assumptions about silver exploration in the Gowganda Camp.
The uppermost mineralized vein intercept in hole CS-20-31 (assays pending) occurs less than 10 metres below the upper contact, at a vertical depth of 336 metres and the original high-grade vein intersection in hole CA-1108 grading 40,944 g/t silver (1,194 oz/ton) over a core length of 0.45 metres with a true width of approximately 7cm (refer to August 25, 2011, Gold Bullion Development news release) at a vertical depth of approximately 430 metres. Another deep mineralized vein was intersected in CS-20-22W3 (assays pending), the deepest one to date, at 592 metres vertical depth.With these recent new mineralized vein discoveries, the vertical extent of significant silver mineralization has now reached 256 metres.
Notably, vein intersections at Castle East exist in both the upper and lower parts of the Nipissing diabase sill, near the contact with the Archean volcanics, greatly enhancing the deposit potential of the area with implications for the broader Camp where historic production was predominantly within the upper half of the diabase sill. CCW now has a greater opportunity to expand the Robinson Zone since the potential mineralized horizon is much larger than originally believed.
Matt Halliday, P.Geo., VP-Exploration, commented: “We are excited about the drill program; we initiated a large-scale drill program and we are realizing the results. We have moved from a single vein at the Robinson to at least 4 mineralized veins, greatly expanding the potential for new high-grade panels. We have expanded the traditional mineralized horizon. It has been noted in literature that the upper third to upper half of the diabase sill is the mineralized horizon – it is now our belief that the entire diabase sill has the potential to be mineralized.”
Property Map
Visit the Canada Cobalt website at https://canadasilvercobaltworks.com/ for an updated Castle Property Map, or click on the following link: https://canadasilvercobaltworks.com/projects/maps/
Location
The Castle Property is 15 km east of Pan American Silver’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Quality Assurance/Quality Control
Samples were collected using a 0.3-meter minimum length, one-meter maximum length. Drill core recovery averaged 95%. Two quality control samples (blank and standards) were inserted into each batch of 20 samples. The drill core was sawn with one half of the sawn core placed in a plastic bag with the sample tag and sealed, while the second half was returned to the core box for storage on site. For the high-grade intercepts, only one-quarter of the core has been sent for assaying to Swastika Laboratories in Swastika, Ontario. Where silver was visually and significantly present, a pulp-metallic analysis was requested for the silver and gold assays where the entire sample is dried, weighed and crushed over 95% then fully pulverized and passed through 200-mesh screen to create a plus 200-mesh fraction (metallics) and a minus 200-mesh fraction (pulp). The minus 200-mesh fraction (fines) was run using geochemical analysis with AA finish for Ag, Au, Cu, Ni, and Co. The entire +200 mesh (coarse) fraction was analyzed using gravimetric processes (fire assay) for both Ag and Au to provide a weighted average assay for the entire sample. Swastika Laboratories is an ISO/IEC 17025:2005 certified lab independent of Canada Cobalt.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (APGO) VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. In May 2020. 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 Robinson Zone beginning at a vertical depth of approximately 400 meters. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the east-trending Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020).
Canada Silver Cobalt’s flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, 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.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Silver Cobalt Works Inc.
View original content: http://www.newswire.ca/en/releases/archive/September2020/30/c5338.html
Contact:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
San Marco Samples up to 13.3 G/t Gold and 633 G/t Silver at the Buck Gold-Silver Property, Central British Columbia
San Marco Resources Inc. (TSXV: SMN) (“San Marco” or the “Company”) announces results from its summer exploration program and commencement of an induced polarization (IP) geophysical survey at its 100% controlled Buck gold and silver property in central British Columbia, Canada.
The 22,000 hectare Buck property is located approximately 12 kilometres (km) south of Houston, British Columbia, via an all-weather access road. It has excellent nearby infrastructure and allows for year round exploration. Phase 2 drilling is currently underway on the Buck property (see SMN news release dated September 8th, 2020).
Highlights
- A 700 by 300 metre (m) multi-element soil anomaly, open to the north, was defined at Buck North centered one kilometre north of historic drilling.
- Grab samples returned assays of up to 13.3 grams per tonne (g/t) Au and 44.1 g/t Ag from the Trench zone, and 11.1 g/t Au with 5.9 g/t Ag from the Horseshoe zone, confirming the presence of higher grade epithermal-related mineralization throughout the Buck property.
- A 20 line-km IP geophysical survey has commenced.
- Five HQ diamond drill holes are now complete.
Rock Geochemistry
A program of geological mapping and rock sampling was completed in preparation for drilling. A total of 104 grab samples were collected from throughout the Buck property (Figure 1). Sampling was focused primarily on the Buck breccia complex and the Buck structural corridor (see SMN news release dated August 6th, 2020).
Table 1. Selected Grab Samples
Sample | Zone | Rock Type | Au (g/t) | Ag (g/t) | Zn (%) |
A0603833 | Trench | dacite | 13.30 | 44.10 | 0.25 |
R266301 | Trench | dacite | 7.20 | 14.95 | 0.59 |
A0603824 | Trench | dacite | 5.40 | 186.00 | 0.06 |
A0603832 | Trench | lapilli tuff | 5.30 | 24.80 | 0.05 |
A0603827 | Trench | dacite | 1.71 | 16.95 | 0.97 |
A0603837 | Trench | dacite | 1.19 | 8.75 | 0.01 |
A0603848 | Horseshoe | dacite | 11.10 | 5.86 | 0.01 |
R266315 | Horseshoe | dacite | 4.72 | 86.00 | 2.88 |
BKBBR002 | Horseshoe | dacite | 3.70 | 4.14 | 0.06 |
A0603819 | Horseshoe | lapilli tuff | 1.23 | 5.24 | 0.02 |
BKBBR014 | Horseshoe | lapilli tuff | 0.57 | 34.30 | 0.47 |
R266334 | Bob | lapilli tuff | 0.02 | 633.00 | 0.28 |
R266335 | Bob | lapilli tuff | 0.00 | 168.00 | 0.12 |
Figure 1. 2020 Grab Sampling
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6142/64737_fe4254f3747009a5_001full.jpg
Systematic sampling of mineralized, northwest-striking structures along Bob creek, which forms the core of the Horseshoe zone, suggest that low-angle shear-zones carry higher-grade mineralization (sample A0603848; Table 1) and that structural intersections with high-angle structures are also favorable hosts for gold mineralization. The orientations of these structures and intersections helped inform the orientations of some of the current Phase 2 diamond drill holes (see SMN news release dated September 8th, 2020).
The Trench zone comprises an area of historic trenching covering a footprint of approximately 200 by 220 m where local near-continuous Au mineralization has been reported from chip sampling and local historic drilling (see SMN news release dated June 23rd, 2020). The zone is underlain primarily by quartz-plagioclase porphyritic dacite and polymictic breccia that hosts clotted and vein-controlled pyrite-sphalerite mineralization. Sampling of the trenches have returned many >1 g/t Au samples which confirm historic data and also suggests a strong structural control. Additional structural mapping focused on the higher-grade areas (sample A0603833; Table 1) in the Trench zone is warranted in order to refine drill targets.
The Bob zone is 1.5 km west of the Horseshoe zone and consists of near-vertical, northwest striking quartz-pyrite-arsenopyrite-sphalerite shear-hosted veins and vein-breccias that crosscut andesitic lapilli tuff which have been exposed in historic adits and workings. These veins and vein breccias (2 to 50 cm) have returned assays of up to 633 g/t Ag (sample R266334; Table 1). The extent of these veins is not presently known and the area warrants detailed follow-up.
Grab samples are used to provide evidence of mineralization, however, grab samples are selective in nature and the resulting assays from the samples may not be representative of all mineralization on the property.
Soil Geochemistry
A recently completed 26 line-km soil grid consisted of 679 samples collected from 24 north-south lines spaced 25 to 100 m apart with samples spaced 25 to 50 m along the lines. The center of the grid is located one km northwest of the Horseshoe zone and one km north of the Trench zone where the bulk of historic drilling has taken place (Figure 2). Within the northern grid, a 700 by 300 m multi-element soil anomaly (Zn, Ag, As, and Pb) has been identified. This anomaly is open to the north. The east-west trending, multi-element anomaly along Bob Creek (Figure 2) is interpreted to have been transported and therefore limited significance is placed on the anomaly.
Figure 2. 2020 Soil Sampling
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6142/64737_fe4254f3747009a5_002full.jpg
Geophysical Survey
A 20 line-km IP geophysical survey has now commenced. This north-south oriented survey consists of nine lines spaced 200 m apart (Figure 2). The survey footprint covers the Buck breccia complex as well as the recently defined soil-anomaly at the Buck North zone. This survey will have a significantly deeper depth of investigation compared to historical 1980’s-vintage surveys and the data will be used to refine the current exploration model.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. San Marco has a rigorous infection prevention and control protocol in place to protect the health of employees, contractors, as well as surrounding communities in which we work.
Quality Assurance
All sample assay results have been monitored through a quality assurance / quality control (QA/QC) program. Samples were shipped in sealed and secure bags to the ALS Global laboratory in North Vancouver, B.C. for analysis. Samples were prepared using standard preparation procedures. Soil samples were analyzed for 53 elements by ICP-MS on a 25 gram sample using an aqua regia digestion (method AuME-ST43). Rock samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish. Over limit silver (>100 ppm) was re-analyzed using a four acid digestion and ICP-AES finish. Over limit zinc (> 10,000 ppm) was re-analysed using a four acid digestions and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
Links to Figures
Figure 1:
Figure 2:
About San Marco
San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc, and copper projects with a focus in mining friendly jurisdictions in both British Columbia and Mexico.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property is located in a mining-friendly region that includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.
San Marco is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sanmarcocorp.com
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
National Instrument 43-101 Disclosure
This news release has been approved by San Marco’s CEO, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.
- Published in Mining, News Home, San Marco Resources
Newlox To Re-Start Gold Production
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX ) (CNSX:LUX.CN) ( Frankfurt: NGO) is pleased to announce that it is implementing its plan to re-start gold production at its environmental remediation and precious metals production facility in Costa Rica (Plant 1).
Gold production operations at Plant 1 were suspended earlier in 2020 following an alarming increase in COVID-19 infections in Costa Rica. Management has since then been working closely with local stakeholders to develop a plan to both re-start gold production and enhance the Company’s operational capabilities.
Given the necessary summer-long pause of operations, management elected to disassemble, move and re-assemble Plant 1 at its newly acquired nearby location adjacent to the Company’s recently announced Boston Project (Plant 2). The new larger site allows for a future increase in the project scale. It also accommodates both the Company’s enhanced laboratory and basecamp and is closer to the artisanal mines and sources of tailings feedstock.
The new location reduces transportation costs, enhances project logistics, facilitates production growth, and increases site security. Additionally, the new location is outside of the local municipal limits, reducing COVID-19 related concerns and enhancing the safety of personnel.
The re-assembled Plant 1 benefits from the robust infrastructure enjoyed at the previous location while adding significant advantages. It is accessible by municipally maintained roads, is connected to renewably sourced grid electricity, and is easily accessible for local emergency services.
Newlox has made significant progress in re-locating Plant 1. Site stability analysis, archeological studies, and environmental studies were completed, and building permits issued. Re-assembly of the plant is well underway. Management expects to re-start gold production in early-October.
Once re-started, Newlox will immediately begin ramping-up operations at the first processing plant. At full-scale operation, Plant 1 will be capable of processing 80 tonnes per day of material grading +9 grams per tonne gold with an anticipated gold recovery of approximately 90%.
A Message from Ryan Jackson, President & CEO:
“This year, we have all faced unforeseeable challenges, and we have been called on to adapt to the changing landscape as we continue to progress and meet new challenges.
We at Newlox determined that our strategy would be adaptability and decisive action.
Although there was no way to predict the trajectory of COVID-19 in Costa Rica, our management team decided to take advantage of the unscheduled shutdown to execute our long-standing plan to move the first proof of concept processing plant to a more favourable permanent location, to support the Company’s longer-term growth objective. The overall plan is approved by the regulators, allowing us to re-start gold production at Plant 1 very soon.
We are excited to re-start the ramp-up of gold production at the first processing plant and have set a goal to achieve full-scale productivity in the first quarter of 2021. Newlox Gold is also progressing at its recently announced Boston Project (Plant 2), where development work is already underway.
Management looks forward to adding strong production growth at Boston (Plant 2), which we expect to begin production as Project 1 achieves full-scale operation. Newlox Gold also has multiple expansion projects in due-diligence, and we expect to announce our third project early next year.”
Click Image To View Full Size
Figure 2. Management & Engineers Overseeing Construction
Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Sirona Biochem Contracts WuXi AppTec for Large-Scale Manufacturing of TFC-1067
Sirona Biochem Corp. (TSXV: SBM) (FSE: ZSB) (US-OTC: SRBCF) (“Sirona“) is pleased to announce it has signed an agreement with Contract Manufacturing Organization (CMO) WuXi AppTec (“WuXi”), Shanghai, to launch large-scale production of TFC-1067, a novel skin dark spot remover, for global commercialization.
WuXi has spent four months developing their manufacturing process for commercial grade TFC-1067. This process was recently completed, resulting in a highly pure production of TFC-1067 with the ability to scale to any quantity needed by Sirona.
Sirona anticipates the need for multi-kilogram production of TFC-1067 through the remainder of 2020 with sustained large-scale quantities for commercialization required in 2021. To prevent gaps in manufacturing, and minimize risk, the compound will be produced in multiple locations. Roowin, the current CMO in France, will remain a producer in addition WuXi.
Given the high potency of TFC-1067, each kilogram of Sirona’s active ingredient will produce up to ten thousand consumer size (fifty milliliters) containers of finished product.
“With our current agreement, as well as potential new global organizations developing interest in TFC-1067 as an active ingredient, we anticipate needing significant quantities of product. WuXi AppTec is one of the most highly regarded CMOs in China and have been excellent to work with thus far”, said Dr. Howard Verrico, CEO of Sirona Biochem. “We’ve taken our time choosing a manufacturer in China to ensure we have the most qualified company for the job. We look forward to our relationship with WuXi and are confident about meeting further milestones near-term.”
About WuXi AppTec
WuXi AppTec provides a broad portfolio of R&D and manufacturing services that enable companies in the pharmaceutical, biotech and medical device industries worldwide to advance discoveries and deliver groundbreaking treatments to patients. As an innovation-driven and customer-focused company, WuXi AppTec helps partners improve the productivity of advancing healthcare products through cost-effective and efficient solutions.
With industry-leading capabilities such as R&D and manufacturing for small molecule drugs, cell and gene therapies, and testing for medical devices, WuXi AppTec’s open-access platform is enabling more than 3,900 collaborators from over 30 countries to improve the health of those in need – and to realize the vision that “every drug can be made and every disease can be treated.”
For more information, please visit: www.wuxiapptec.com
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
- Published in News Home, Sirona Biochem
Newlox Gold Operations Base and Field Laboratory
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX ) (CNSX:LUX.CN) ( Frankfurt: NGO) is pleased to announce the opening of its new multi-purpose base camp, strategically located in the Juntas Mining District near its current gold processing operations and its new Boston Mine Project.
The new centrally-located base camp will support day-to-day operations as well as the construction of the recently announced Boston project.
The new basecamp includes an operations office, fully-fitted assay lab, personnel service facility, including accommodations for employees, a full kitchen and cafeteria, as well as a workshop with parts and tools storage. The new secure camp with covered and open-air storage allows for all-weather fabrication and repairs of mill components. The Newlox staff will be able to benefit from convenient support facilities, reduced travel times, and lessened exposure to Covid-19 risks.
The Company has also relocated its analytical laboratory to the new basecamp. This cutting-edge field laboratory is fully equipped for fire assay and atomic absorption spectroscopy (AAS) assay procedures. These techniques are the gold-standard for measuring precious metals in both rock and tailings. The Company can test both solid and liquid samples, and the in-house lab capability can ensure secure chain-of-custody for incoming samples and real-time results.
Fire assaying is an analytical technique which separates metals from impurities by fusion processes, which take place at of over 1,000 degrees Celsius, to determine the grade of the original sample. This process is widely regarded as the most reliable method to determine the metal content of ores that contain precious metals.
Fire assay capability at this in-house analytical laboratory allows for immediate analysis of both regionally sourced tailings feedstock and newly mined material from the Boston operations.
The lab also utilizes the faster atomic absorption spectroscopy (AAS) technology to test liquid samples and samples with additional elements of interest. AAS is a spectroanalytical procedure that measures the concentration of elements in a solution using the wavelengths of light specifically absorbed by each element when vaporized in a high-temperature environment. This sensitive technique can measure the concentration of elements down to parts per billion.
The combination of fire assay and AAS capability ensures Newlox operations access to the highest level of data for feedstock quality control, process control, and R&D purposes.
Newlox’s new base camp and expanded assay laboratory will support the planned growth of productivity at the historic Juntas Gold Camp.
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Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).
Technical Disclaimer
The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.
On Behalf of the Board, Newlox Gold Ventures Corp.
Contact Newlox
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Mining, Newlox Gold, News Home
Phase 2 Diamond Drilling Underway at San Marco’s Buck Gold and Silver Property, Central British Columbia; Red Cloud Appointed to Provide Marketing Services
San Marco Resources Inc. (TSXV: SMN) (“San Marco” or the “Company”) is pleased to announce the commencement of diamond drilling at its 100% controlled Buck gold and silver property. The aggressive fully-funded drill program is expected to continue well into next year, with an initial 5,000 metres planned over the next few months. The current Phase 2 drill program compliments and builds on Phase 1 success and is designed to test the lateral and vertical extent of epithermal-related mineralization within the Buck structural corridor.
The Buck property is located about 12 km south of Houston, British Columbia, and is accessible via an all-weather access road. It has excellent nearby infrastructure, and allows for year round exploration. The 100% optioned property was recently expanded through the acquisition of additional ground, and now totals 22,000 hectares (see news release from August 10, 2020).
Bob Willis, San Marco’s CEO, commented, “We are very excited to begin our second phase of drilling at Buck. Our recent completion of an extensive field program has given us a much better understanding on the controls of Buck-style mineralization and gives us confidence that we’re on the right track for additional discoveries.”
A comprehensive geological data compilation and structural interpretation has resulted in the definition of a significant mineralized breccia complex. The breccia complex is comprised of intrusive breccias, magmatic-hydrothermal breccias, hydrothermal breccias, pebble-dikes and a thick, intermediate to felsic volcaniclastic pile. This breccia system is transected by a property-scale WNW-trending structural zone, named the Buck structural corridor, which is thought to be a first-order control on mineralization throughout the property. Phase 2 drilling will target both structurally controlled high-grade epithermal-related Au-Ag, as well as bulk-tonnage epithermal-related Au-Ag. More information about the recent field program is described in San Marco’s August 6, 2020 news release.
Results from the drill program will be released as they are received and compiled.
Health and Safety
The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. San Marco has a rigorous infection prevention and control protocol in place to protect the health of employees, contractors, as well as surrounding communities in which we work.
Red Cloud
San Marco is also pleased to announce that it has retained Red Cloud Financial Services Inc. to provide an extensive array of corporate access services including marketing, media, and online. The agreement between Red Cloud and the Company is for a minimum of six months and the Company has agreed to pay Red Cloud $10,000 per month during the term. Such payments will be made from San Marco’s general working capital. After the initial six month period, the engagement may be terminated by either party with one month written notice.
About Red Cloud
Red Cloud Financial Services Inc. is a full service mining finance firm that provides a comprehensive suite of services focused on enhancing its client’s capital market brand and improving their access to capital.
The Red Cloud team has a mix of technical and financial expertise with over 300 cumulative years of combined mining and corporate finance experience. Working as an extension of management, the Red Cloud team uses its global network of mining and capital markets professionals and extensive in-house experience in the many facets of the mining business to help companies identify sources of capital and quality actionable merger, acquisition and divestiture opportunities, and to generate and maintain important relationships with key investors.
About San Marco
San Marco is a Canadian mineral exploration company actively pursuing world class gold, silver, zinc, and copper projects with a focus in mining friendly jurisdictions in both British Columbia and Mexico.
The Company’s principal focus is the Buck Property in north-central British Columbia that has bulk-tonnage gold and silver potential. The property located in a mining-friendly region that includes many former and current operating mines. The Company’s portfolio also includes several prospective, early stage exploration properties in Mexico.
San Marco is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.
Further details are available at www.sanmarcocorp.com
For further information, contact:
Sharyn Alexander, M.Sc.
VP Technical Services
Nancy Curry
Corporate Communications
Tel. 778-588-9606
- Published in Mining, News Home, San Marco Resources
Granada closes final tranche financing
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) announces that further to its press release dated August 27, 2020 whereby the Company raised $700,000 in its first tranche private placement closing, the Company has closed an additional $210,000 in its final tranche private placement financing. The Company has raised a total of $910,000 in both tranches.
The Company issued an additional 913,043 units (“Units”) at $0.23 per unit. Each Unit is comprised of one common share of the Company and one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.28 per share, for a period of three years from closing, subject to TSX Venture Exchange (“Exchange”) final approval.
Proceeds of the private placement will be used for surface exploration, trenching, and historical resampling of drill core on the Company’s Granada Gold Property in Québec and general working capital.
Finder’s fees totaling $9,668.05 and 42,035 finder warrants were paid in connection with the financing. Each finder warrant is exercisable at $0.28 per share for three years from closing. The finder’s fees paid in connection with the private placement are subject to Exchange approval.
All securities issued in connection with the private placement are subject to a four-month and a day hold period, in accordance with applicable Securities Laws.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. is continuing to develop the Granada Gold Property near Rouyn-Noranda, Quebec. The property includes the former Granada gold mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930’s before a fire destroyed the surface buildings. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east west over a potential 5.5 kilometers mineralized structure. The highly prolific Cadillac Trend, the source of 50 million plus ounces of gold production in the past century, cuts right through the north part of the Granada property on a line running from Val-d’Or to Rouyn-Noranda Quebec.
The Company is in possession of all permits required to commence the initial mining phase known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day, capable of producing up to 675,000 tonnes of ore over a 3-year period of time. Additional information is available at www.granadagoldmine.com.
“Frank J. Basa”
Frank J. Basa P. Eng.
Chief Executive Officer and Chairman
- Published in Granada Gold Mine, Mining, News Home
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