Newlox Gold Advances Boston Construction
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX | Frankfurt/Stuttgart: NGO | OTC : NWLXF ) is pleased to announce that the Com pany has made significant progress in the construction of its Boston Processing Facility (Plant 2) . Since announcing the start of construction at Boston last month, Newlox Gold has acquired crushing, milling, and precious metals recovery equipment, much of which is now on the new processing plant site.
Newlox designed this mill with the capability of processing 150 tonnes per day of mineralized material grading approximately 15 grams gold per tonne. At full scale, Boston is expected to be capable of recovering approximately 20,000 ounces of gold per year, as well as a significant quantity of silver.
Construction at Boston is proceeding according to plan with completion anticipated within approximately tw o months. This phase will be followed by commissioning, testing, and commercialization. Newlox Gold is undertaking an expedited construction and commissioning schedule at Plant 2, which is made possible by its fully-permitted status and its proximity to the artisanal mining operations, as well as the experience of Newlox Gold’s engineering and fabrication team.
Boston is built upon a wealth of historical exploration and mining data . Newlox’s operations team has worked closely with the Company’s local mining partners in both planning and development work, facilitating the expedited start of construction . As part of this process, the local groups are actively reconditioning the Boston Mine adits (tunnels) in anticipation of enhanced mineral processing without the need for mercury. The refurbishing of the Boston Mine is part of a greater effort by local artisanal mining groups to improve productivity through collaboration with Newlox Gold.
This partner mining approach creates a coexistence model for artis anal mining, seeking to uplift local miners by providing access to modern and efficient processing technologies while maintaining cultural and economic traditions. Partner mining will not only improve local economic conditions but will also notably remove the unhealthy legacy of mercury-based processing techniques, which result in both negative human and environmental consequences.
As previously announced Newlox secured a net revenue-sharing agreement with an established artisanal mining syndicate with which management has a multi-year association. Net revenues after all production costs will be split 50/50 between the miners and Newlox. Newlox will have zero mining costs as a result of this arrangement. The Company expects the Boston Project to contribute significantly to Newlox’s near-term growth. By selecting small-scale projects with low capital requirements and expedited development timelines, the Company plans to grow aggressively in Latin America to encompass multiple projects. Boston will become a model for the artisanal mining sector.
A Message from Ryan Jackson, President & CEO:
“We are delighted to report that construction at the Boston Project is proceeding according to plan. The project will provide local mining groups with access to modern mineral processing technology. It will empower local miners to enhance their economic, social, and environmental circumstances while advancing our Company’s growth strategy.
Newlox Gold has raised sufficient capital to fund its 2021 initiatives and remains on a solid footing to achieve its goals. This year will be a monumental one for Newlox Gold. We are completing the ramp-up of operations at the first processing plant as well as establishing our vision for organic growth through the deployment of additional artisanal mining focused facilities.”
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 Gold
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
Granada Adds 3rd Drill for Deep Drilling of 10,000 Meters
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to announced a 3rd drill has started a new deep hole in the North-East of the property on the Big Claim. This hole is collared 1.4 km SE of hole GR-20-20, the REE and alkali metal discovery hole (GGM press release March 23, 2021) and 225m west of GR-20-22 which has shown the highest rare earth and alkali metals mineralization with assays pending. With this drill hole, the company expects to cross the rare earth and alkali metals zone on its way to intersect the gold zone at depth as shown in Figure 1. Significantly, in the northern sector of the property, the company intersected 13.7 g/t Au over 1.5m at 662m in hole GR-18-04 and 8.25 g/t Au over 1.5m at 784.5m in hole DUP-12-02-W1 near the Genesis Target in 2018. This is in line with the targeted underground grade of 4 grams per tonne.
The company has hired Forage Lamontagne-Fortier Inc. for a first 10,000 meters. The drill is rated for holes up to 2500 meters. In addition to potentially intersecting the new REE and Alkali metal findings, the company is still aiming to intersect the gold mineralization at depth.
This allows the two other drills of Forage Multi-Drilling to continue to develop the underground Mineral Resources under the recent pit constrained Mineral Resources (GGM press release Jan 29, 2021). The company is also drilling at an angle with Multi Drilling to define an underexplored area under the orphan tailings.
CEO Frank J. Basa, P.Eng., commented that “This 3rd drill, with a 2500m depth capability, should allow us to reach the deep gold target. As we know the gold mineralization on the famous Cadillac Break did not come from the surface, as it comes from depth – we are hopefully heading towards the sweet spot on the property.”
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.
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.
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 a half kilometers. Three of these structures were mined historically from four shafts and three 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 3.5 to 5 grams per tonne gold.
Updated Mineral Resource
The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion
Type | Category | Tonnes | Au (g/t) | Gold Ounces |
In Pit | Measured1 | 3,756,000 | 1.89 | 228,000 |
Indicated | 1,357,000 | 2.55 | 111,000 | |
Measured+Indicated | 5,113,000 | 2.06 | 339,000 | |
Inferred | 34,000 | 11.29 | 12,000 | |
Underground | Measured | 37,000 | 4.22 | 5,000 |
Indicated | 807,000 | 4.02 | 104,000 | |
Measured+Indicated | 844,000 | 4.03 | 109,000 | |
Inferred | 1,244,000 | 6.33 | 253,000 |
1. | Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93% |
2. | Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell |
3. | Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes |
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/April2021/27/c0699.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
Sonoro Extends El Colorado Zone: Reports 14.6 g/t Gold Over 1.52 Meters Within a 16.77 Meter Intercept of 1.837 g/t Gold
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report assay results from an additional 25 RC drill holes completed at four of the 18 gold mineralized zones within the Cerro Caliche gold concession located in Sonora, Mexico. Recent drilling successfully tested on-strike and lateral extensions at El Colorado, Cabeza Blanca, Buena Vista and Boludito, as shown on the map below.
Highlights are as follows:
- SCR-234 in the southern extension of El Colorado intercepted 16.77 meters averaging 1.837 grams of gold per tonne (“g/t Au”); including 4.57 meters averaging 5.627 g/t Au; including 1.52 meters averaging 14.6 g/t Au.
- SCR-239 in the eastern extension of El Colorado intercepted 7.62 meters averaging 2.425 g/t Au; including 1.52 meters averaging 10.6 g/t Au.
- SCR-256 at Cabeza Blanca intercepted 12.19 meters averaging 1.067 g/t Au; including 4.57 meters averaging 2.10 g/t Au; including 1.52 meters averaging 3.701 g/t Au.
- SCR-247 at Buena Vista intercepted 25.91 meters averaging 0.578 g/t Au; including 3.05 meters averaging 1.784 g/t Au.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c473b79-d376-47bc-b267-2283c3363edb
El Colorado Zone Expanded in Three Directions
Eight additional drill holes were completed in the El Colorado gold mineralized zone, bringing the total drilled in the zone to 22 holes and further extending the dimensions of the zone to the north, south and east. Gold bearing veins in this zone depart from the uniform northwest-prominent trend of the district and exhibit numerous splays and abrupt directional changes in the vein trends. Mineralization at El Colorado remains open in all directions and to depth.
Drill holes SCR-234 and SCR-239 both reported high grade vein intercepts. Located in the southern extension of the zone, SCR-234 reported 1.52 meters averaging 14.6 g/t Au within wider intervals of 4.57 meters averaging 5.627 g/t Au and 16.77 meters averaging 1.837 g/t Au. In the new southeastern extension of the zone and proximal to other prior high-grade intercepts, drill hole SCR-239 reported 1.52 meters averaging 10.6 g/t Au within a wider interval of 7.62 meters averaging 2.425 g/t Au. These vein intercepts may be a continuation of known veins such as the northwesterly-trending Guadalupe vein, the northerly-trending Cabeza Blanca vein, or the high-grade low angle Colorado vein identified in drill hole SCR-044 in 2018, the highest-grade drill hole completed at El Colorado. The Company plans to investigate these vein structures further in the next phase of drilling.
Veins from the El Colorado zone connect northward mainly with the Cabeza Blanca Vein zone and the Guadalupe vein. Drill hole SCR-246 located in the deep canyon between El Colorado and Cabeza Blanca shows several short connecting mineralized intervals where the Guadalupe and Cabeza Blanca veins intercept.
The image below illustrates a 300-meter cross section of selected drill holes at El Colorado.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf717567-ac98-45fb-8baa-7894e91fd7de
Cabeza Blanca Vein Zone Extended
Six new drill holes completed in the Cabeza Blanca gold mineralized vein zone extend the zone 50 meters to the north providing a more detailed understanding of the zone. Cabeza Blanca remains open along strike to the north and may coalesce with the El Colorado structure to the south, suggesting a continuous strike length of over one kilometer.
At the northern extension of the zone, approximately 150 meters from the bottom of Laydame Canyon, drill hole SCR-245 intercepted 1.52 meters averaging 1.990 g/t Au within a 3.05 meter-wider intercept averaging 1.118 g/t Au. The remaining five drill holes are spaced upslope to the south over a distance of 235 meters to the top of Cabeza Blanca ridge.
Highlights are as follows:
- SCR-253 intercepted 12.19 meters averaging 0.792 g/t Au; including 1.52 meters averaging 2.159 g/t Au.
- SCR-256 intercepted 12.19 meters averaging 1.067 g/t Au; including 4.57 meters averaging 2.10 g/t Au.
Among the six-drill holes recently completed at Cabeza Blanca, SCR-256 is the furthest south and is located approximately 35 meters north of the previously announced SCR-096 which intercepted 16.76 meters averaging 0.841 g/t Au including 4.57 meters averaging 2.419 g/t Au.
The image below illustrates a 600-meter longitudinal section of selected drill holes at Cabeza Blanca.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c68e8c97-21ae-4219-9987-ed557a85ff3f
Drilling at Buena Vista-Japoneses Suggests Potential Coalescence with Buena Suerte Zone
Drilling at the western extension of the Buena Vista zone continues to narrow the gap between the Japoneses–Buena Vista and Buena Suerte zones. Each drill hole intercepted gold mineralization at or near surface.
Highlights are as follows:
- SCR-244 intercepted 24.38 meters averaging 0.401 g/t Au.
- SCR-247 intercepted 25.91 meters averaging 0.578 g/t Au; including 3.05 meters averaging 1.784 g/t Au.
- SCR-254 intercepted 4.57 meters averaging 0.894 g/t Au and 9.6 g/t Ag.
Results from nine additional drill holes completed between Buena Vista and Buena Suerte are being processed for assays with results expected within ten days. The Company anticipates these drilling results to further support the potential merging of the two zones into a single body of shallow, oxide gold mineralization. If confirmed, a single larger gold mineralized zone may prove to have significant and positive economic implications for the Company’s proposed Heap Leach Mining Operation (HLMO).
Boludito Zone Extended to the North
Seven new holes drilled at the Boludito zone further confirm the zone’s mineralization as an extension of the strategically important 1.3-kilometer long Cuervos-Japoneses-Boludito gold mineralized structure. All seven holes were drilled on the northern slope of Laydame Canyon situated to the south between the Boludito and Japoneses zones. The group of drill holes indicate a general continuation of mineralization at lower gold grades with slightly higher silver content than mineralization identified south of the canyon bottom.
Highlights are as follows:
- SCR-233 intercepted 4.57 meters averaging 0.721 g/t Au.
- SCR-235 intercepted 7.62 meters averaging 0.402 g/t Au.
- SCR-237 intercepted 10.67 meters averaging 0.629 g/t Au and 9.8 g/t Ag, including 1.52 meters averaging 2.09 g/t Au and 39.2 g/t Ag.
These drill holes represent an extension of the Boludito mineralized zone to the north of Laydame Canyon by approximately 150 meters.
Mel Herdrick, VP Exploration of Sonoro, stated, “These 25 drill holes have shown continuing expansion of gold mineralization in all four zones. The final nine drill holes assay reports arriving over the next week will show the character of the area between the Buena Suerte and Buena Vista-Japoneses zones. Surface rock in that area is strongly silicified with quartz veinlets all overprinting mylonite structures in quartzites with about one percent limonite from oxidation. I consider this intermediate area to be prospective for additional gold mineralization.”
Kenneth MacLeod, President and CEO of Sonoro, stated, “Upon the imminent receipt of the final assays for the current phase of the drill program, our database will contain over 47,500 meters of historic and recent data from 433 core and RC holes, of which 34,550 meters were drilled by Sonoro since 2018. The data will be processed by Micon International in the preparation of an updated NI 43-101 technical report and by D.E.N.M. Engineering in the preparation of a Preliminary Economic Assessment on the Cerro Caliche project. We anticipate a resumption of the drilling program in August 2021, following receipt of these reports.”
John Darch, Chairman of Sonoro, added, “These drilling results continue to affirm the potential of Cerro Caliche to host a major deposit amenable to support the proposed 15,000 to 20,000 tonnes per day Heap Leach Mining Operation (HLMO). Investors’ recognition of this potential was evident when our recent financing was over-subscribed despite being increased twice. Of Cerro Caliche’s 18 zones, this drilling focused on four different gold zones – all demonstrating significant increases in size with more high-grade gold intercepts reported in every zone. As these zones expand, many are evidencing coalescence into larger mineralized structures which would be optimal cost-wise if these multiple gold zones merge into a single major open pit mining operation. With the conclusion of the current drilling program, the development of the Cerro Caliche HLMO should accelerate as we approach critical milestones, including Cerro Caliche’s NI 43-101 resource update, its preliminary economic assessment and securing project finance for the construction and commissioning of the mine.”
Assay Results
Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.
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 preparation 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. 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 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.
Private Placement
On April 20, 2021, the company announced the closing of its oversubscribed non-brokered private placement of 17,283,586 units at $0.18 per unit, for total gross proceeds of $3,111,045. Each Unit consists of one Sonoro Common Share and one Share Purchase Warrant. Each warrant entitles the holder to purchase one additional Sonoro Common share for a period of two years from the closing date at an exercise price of $0.30 per share.
In connection with the Offering, the Company entered into finder’s fee agreements with Haywood Securities Inc. (“Haywood”), Echelon Wealth Partners Inc. (“Echelon”), Couloir Capital Securities Ltd. (“Couloir”), Canaccord Genuity Corp. (“Canaccord”) and National Securities Corp. (“National Securities”).
The Company would like to take this opportunity to clarify that it paid a total of $26,406 in Finder’s Fees, not $80,110, as incorrectly announced in the Company’s new release dated April 20, 2021. The Company also paid $9,722 in Finder’s units and 167,922 in non-transferable Finder’s Warrants.
The net proceeds from the Offering will be used principally to fund ongoing development plans at Cerro Caliche, including completion of metallurgical testing, preparation of a NI 43-101 resource update, a Preliminary Economic Assessment, in addition to property maintenance payments, and secondarily for corporate and general administrative expenses.
The Offering has received conditional acceptance from the TSX Venture Exchange but remains subject to receipt of final approval from the TSX Venture Exchange.
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
Forward-Looking Statement Cautions: This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to, among other things, the Company’s plans for the exploration, development and operations at the above-described Cerro Caliche Concessions, located in the municipality of Cucurpe, Sonora, Mexico, including statements regarding the Company’s plans for additional exploration drilling, an anticipated update of the current resource estimate for Cerro Caliche to be included in a Micon International 43-101 technical report, and an independent PEA, both to be published in Q3 2021, the expectation that the planned PEA will support the Company’s mine development plans, anticipated coalescing of multiple mineralized zones, the results of pending assays, and other material conditions set out above on which the Company’s development plans are dependent. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective” and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavourable exploration and test results, unfavourable results of the contemplated PEA of the Cerro Caliche project, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Figure 1
Recent Drilling Successfully Tested On-Strike and Lateral Extensions at El Colorado, Cabeza Blanca, Buena Vista and BoluditoFigure 2
El Colorado Interpretive Cross Section A-A’Figure 3
- Published in Mining, News Home, Sonoro Gold
Canada Silver Cobalt Hits High-grade Silver At 51,612 g/t
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce the additional wedge intercept of the second high-grade silver vein (Vein 2) within 60 metres of the Robinson Zone Discovery hole CA-1108. The Robinson Zone Project is 100-percent owned by the Company, in the 78-square-kilometre Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights and updates:
- New intersection of Vein 2 assays 51,612 grams per tonne (1,506 ounces per ton) over 0.41m from 561.73 – 562.44m with a true width of 4-6cm and included in a wider interval of 30,931 grams per tonne (902 ounces per ton) over 0.71m in CS-20-39W2
- Follow up from CS-20-39 – the highest-grade silver to date at Robinson Zone at 89,853 grams per ton silver (2,621 ounces per ton) over a true width of 5-7cm (January 29th, 2021). Wedge 2 intercept about 6 metres from original hole
- Visually highly mineralized core interval approximately 13m from Wedge 2 in hole CS-20-39W4. Interval is over 0.95 metres including wallrock silver at a downhole depth of 550 metres. Vein has an approximate true width 2-3 cm.
- Core from CS-20-39 wedge 4 intersections and bordering core is split and samples have been sent to Lab for assaying. Assays are pending.
High-grade silver mineralization over 4 – 6 cm true width in hole CS-20-39W2 at 51,612 gpt (1,506 opt) Ag over 0.41m
Table 1: CS-20-39W2 Sample Details
Ag | ||||||
Hole Id | Sample | From (m) | To (m) | Length (m) | gpt | opt |
CS-20-39W2 | 561.73 | 562.44 | 0.71 | 30,931 | 902 | |
including | 13247 | 561.73 | 562.14 | 0.41 | 51,612 | 1,506 |
13248 | 562.14 | 562.44 | 0.30 | 2,668 | 78 |
* true width is 4-6cm
Visually High-grade silver mineralization over 2-3 cm true width in hole CS-20-39W4 at 551.1m depth – assays pending
This new high-grade vein panel is being expanded using wedge drilling. Additional assays and expanded panel size will be updated as results become available. The potential of the Robinson Zone has significantly increased with the development of this second, distinct, high-grade silver vein. With follow-up drilling, the existing resource panels reported in a Press Release May 28, 2020 will be expanded. In that release, a maiden resource estimate identified zones 1A and 1B of the Robinson Zone had an average silver grade of 8,582g/t (250 oz/ton) in a combined 27,400 tonnes of material for a total of 7.56 millionInferred ounces of silver using a cut-off grade of 258 g/t AgEq (mineral resources that are not mineral reserves do not have demonstrated economic viability).
Notably, Hole CS-20-39 also intersected a 17-metre zone (downhole from 502 to 519 m) with several narrow veins mineralized with both silver and cobalt-arsenides. With the additional data from the current wedges these veins look to be a group of en-echelon veins. Assays are pending for this zone intersected in several holes.
Matt Halliday, P.Geo., President, commented: “Vein 2, or ‘Big Silver’, is evolving significantly with the ongoing wedge drilling and is shaping up to be even nicer than Vein 1, or ‘Robinson Vein’. Further drilling is expected to continue to enlarge this zone”.
Location
The Castle Property is 15 km east of Aris Gold Corp’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (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. More information at www.canadasilvercobaltworks.com
“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 to download multimedia: http://www.newswire.ca/en/releases/archive/April2021/26/c5845.html
Contact:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Newlox Gold: Organic Aqua Regia Testing Delivers Excellent Results
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LUX . CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to provide an interim update on Stage 2 research and development of the environmentally friendly Organic Aqua Regia (OAR) gold leaching technology. This latest round of testing was based on strong results achieved for Stage 1 while further assessing the effects of temperature and time on the gold recovery process. The Newlox R&D team achieved very encouraging gold recoveries up to 98.77% during these most recent tests.
The Company is investigating the use of Organic Aqua Regia (OAR) technology as a non-toxic and water-free alternative to cyanidation for the recovery of gold, silver, and other precious metals. The multiple outstanding advantages of OAR include that it is non-toxic, is recyclable, extracts gold faster than cyanide, does not use water, and requires neither carbon nor electrowinning.
The first stage testing established that 94.68% gold dissolution is possible at ambient temperature, with nearly 100% recovery possible at 80 degrees Celsius. Stage 2 included analyses at various temperatures and diverse reaction times. This testing is essential for future economic calculations, which will weigh the reaction speed and overall efficiency against the cost of heating, to determine whether commercial units should operate at ambient temperature or with supplemental heating.
Additionally, because Newlox Gold’s current operations are in Central America, the Company may benefit from the effects of natural higher ambient temperatures than were experienced in the laboratory in British Columbia, Canada.
Testing samples of artisanal tailings feedstock, collected at the Newlox Gold artisanal tailings remediation and precious metals recovery project in Costa Rica, indicated that approximately 95% gold dissolution is possible in 8 hours at ambient Costa Rica temperatures. These results were a significant improvement over Stage 1 testing when similar recoveries were achieved with a 24-hour reaction time.
Click Image To View Full Size
Figure 1. Gold Recovery at 50 Degrees Celsius
Recent tests reinforce data from Stage 1 showing that, while increased temperature does expedite reaction speed and overall recovery, levels of over 90% recovery can be achieved at ambient temperature. Heating is thus likely not necessary in a commercial setting.
Click Image To View Full Size
Figure 2. Effect of Temperature on Gold Recovery in 8 Hours
Stage 2 testing is also investigating the total amount of gold that can be held in solution by a given volume of OAR reagent. This is important since the volume of reagent needed to treat each tonne of feedstock will impact the scale and cost of future processing plants. This testing phase is currently underway using concentrated samples of feedstock collected from the first Newlox Gold project in Central America.
A Message from Ryan Jackson, President & CEO:
“We are delighted with the results from Stage 2 OAR testing by our Newlox R&D team. These results build on the extraordinarily positive findings of Stage 1. We look forward to furthering success as we continue testing this spring. With continued good results from the lab, we anticipate the commencement of in-field OAR testing this summer.
OAR leaching promises to become a paradigm-shifting technology applicable not only to the US$180 billion formal global gold mining industry but also as a method to bring the US$27 billion informal gold mining industry into the 21st century.”
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 Gold
Ryan Jackson
Newlox Gold Ventures Corp., President
Website: www.newloxgold.com
Email: ryan@newloxgold.com
Phone: +1 778 738 0546
- Published in Newlox Gold, News Home
Canbud’s Subsidiary Empathy Plant Co. Announces Woman’s Daily Vegan Multivitamin
Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“Canbud” or the “Corporation”) announces its subsidiary Empathy Plant Co. has completed the full development of its vegan multivitamin formula exclusively for women.
Unique Vegan Women’s Multi-Vitamin with 100% Compostable Packaging
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This formula was developed to provide the market with a daily female specific multivitamin offering in 100% compostable packaging. The multivitamin will work synergistically with Empathy Plant Co’s. Green Energy and Complete Plant Protein products and will be sold as a plant-based health system. It will be available in vegetable capsules and will provide the following benefits:
1. Promotes overall health
2. Supports hormone balance
3. Supports hair, skin, and nail health
4. Supports metabolism
5. Increased energy
6. Immune function
7. Bone health
8. Eye health
9. Muscle function
10. Source of antioxidants
Canbud’s CEO, Steve Singh, comments: “We continue to add products that support our health and wellness theme. As we near commercialization I’m very excited to see our innovation pipeline strengthen and believe it will give us a great competitive advantage in a highly coveted consumer demographic.”
The time of market release will be announced at a further date once production timelines are finalized.
Follow all Empathy Plant Co. developments by entering your email at empathyplantco.com or following on Instagram.com/empathyplantco.
About Canbud Distribution Corporation
Canbud Distribution Corporation is a science and technology health and wellness company that encompasses plant based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals.
www.canbudcorp.com
https://www.instagram.com/canbudcorp/?hl=en
https://twitter.com/canbudcorp
https://www.linkedin.com/company/canbud-distribution-corp/?viewAsMember=true
https://www.instagram.com/empathyplantco/?hl=en
For further information, please contact:
ir@canbudcorp.com
or
Robert Tjandra, President and COO
Tel: 1 416 847 7312
- Published in Canbud Distribution, News Home
Affinor Growers to Accommodate Private Placement With Cryptocurrency
Affinor Growers Inc. (“Affinor” or the “Company”) (CSE: AFI; OTCQB: RSSFF) is pleased to announce it will be supporting the cryptocurrency markets and accepting payments for licensing and building facilities globally at deposit date prices in BITCOIN, DOGECOIN, STABLECOIN and others that are determined to follow SEC and IIROC regulations. Affinor will also be the first CSE and OTC listed company to accept BITCOIN in its private placements with direct transfer into the domain wallet ‘affinor.crypto’. Affinor will convert the crypto currency into legal tender for completion of the private placement.
Affinor believes many currencies around the world in less fortunate economies have a huge disadvantage. They cannot attract or create sustainable growth like wealthier nations. Affinor Growers believes that cryptocurrency will enable easier technology transfer, and will help developing nations sustainably produce food and cannabis along with increased employment and education supported by clean agriculture technology. Affinor looks forward to joining the upper ranks of some of the large cap sector companies that have announced the acceptance of BITCOIN such as TESLA and AMAZON.
Nick Brusatore CEO: “I am absolutely thrilled Affinor Growers will be the first on the CSE to accept BITCOIN. We plan to move as fast as we can to take advantage of the glut of capital sitting in unused crypto profits, and blaze the trail in the Cleantech Vertical Farming space worldwide. Once again I would like to thank the shareholders of Affinor Growers for their continued support and patience while we work to launch fruit and vegetable production, and our cannabis micro cultivation license application this summer in Abbotsford BC.”
About Affinor
Affinor is a publicly traded company listed on the CSE under the symbol “AFI” and on the OTCQB under the symbol “RSSFF”. Affinor is focused on developing vertical farming technologies and using those technologies to grow fruits, vegetables, and cannabis in a sustainable manner.
To learn more about Affinor, visit: https://www.affinorgrowers.com/en
On behalf of the Board of Directors,
Affinor Growers Inc.
Nick Brusatore
Director /CEO nick@affinorgrowers.com
Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
- Published in Affinor Growers, News Home
Canada Silver Cobalt Completes Geophysical Airborne Survey, Plans Drill Program on Quebec EV Properties
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to provide an update on its activities in the Province of Québec. The Company has now secured 689 claims covering 38,129.4 hectares of prosperous ground with Figure 1 showing the location of the main properties. The Company has budgeted 2.2 million dollars of exploration for these properties this year. Geophysical airborne surveys completed, and drill program has been scheduled on the B2 property for the second quarter this year.
Highlights:
1) The Geophysical Airborne Survey
2) The CCW approach for nickel and copper properties
3) Historical highlights on the key properties for 2021
Canada Silver Cobalt contracted Sander Geophysics Limited to carry out geophysical airborne surveys on 5 properties in Quebec. The airborne surveys were aimed at measuring the Gravity and Magnetic field. The Company is seeking to identify the magmatic reservoir potentially hosting significant amounts of Nickel- and Copper-Sulphide masses at the base of the magmatic chamber. The priority target areas of these first airborne surveys are the following properties:
- Graal – Nourricier Lac Suzanne
- Lowney, Lac Edouard South-East
- Forgues East Manic Crater
- Fuchsia-Massif du Nord
- B15 Bouguer anomaly
The final reports are pending, and details will be disclosed once received and evaluated. This information will be used to prepare subsequent drill programs. Technical datasheets are being prepared for each of the properties and will be posted on the website once completed.
The Company has started preliminary geological sampling on the B2 & Grand Portage properties. The B2 property option has shown high-grade Copper in the discovery showing and a maiden drill program is expected to start by the second quarter to test the mineralized structure identified. Mineralization appears to be associated with a structural shear (Figure 2 shows sulphide mineralization from channel sample). The observations from the channel sampling indicated the property deserved additional work and a ground magnetic orientation survey was completed (Figure 3 shows the first vertical derivative ground magnetic survey with channel sample and high-grade sample (starred) locations identified). A total of 41 channel samples with 3 blanks and standards were sent to SGS Laboratory in Québec. The highest grade came from the gossan sample with 17.53% Copper, 0.245 % Nickel and 0.026 % Cobalt, while channel sample results range from 25 to 2887 ppm Copper, 11 to 3452 ppm Nickel, and 11 to 385ppm Cobalt.
At Grand Portage, geological sampling with a portable drill with 30-centimetre depth capability using (AQ) drill core has confirmed the presence of mineralization of interest at surface. Figure 4 shows sulphide mineralization in the 3.2-cm diameter core. The mineralization associated with mafic-ultramafic blobs deserves additional work. Five core samples with 1 standard were sent to AGAT laboratory in Ontario. The highest grade came from sample #10404 with 1.63% Nickel, 0.61% Copper and 0.068% Cobalt. Samples range from 0.02 to 0.61% Copper, from 0.05 to 1.63 % Nickel, from 0.011 to 0.06% Cobalt, from 1 to 7 g/t Silver, from 0.001 to 0.04 g/t Gold and from trace Palladium 0.002 to 0.007 g/t.
CEO Frank J. Basa, P.Eng. notes, “It is Canada Silver Cobalt’s intention to transfer its non-silver assets, in exchange for shares, to another public company to be identified by the Company, and to do a proportional distribution of shares by way of dividends to Canada Silver Cobalt’s shareholders.” Frank J. Basa, P.Eng., further comments, “This transaction will enhance shareholder value by offering exposure to two strong developing market forces with increased investor focus to the potential that the company sees with a pure precious metal play with the Robinson Zone from the former high-grade Castle Silver Mine area in Gowganda, Ontario and with the EV properties that have been recently acquired in Quebec and Ontario.”
The CCW approach in Québec for Nickel & Copper deposits
In 2020 the Company staked known showings and made option agreements to secure, as of today, a total of 689 claims covering 38,129.4 hectares of prospective Nickel and Copper mineralization. Of these, 27,738.6 hectares in 501 claims is 100%-owned by Canada Silver Cobalt and 36 Claims over 1981 hectares are under option with Globex Mining Enterprises (Lac Suzanne & Massif du Nord ) and another 152 Claims covering 8409.8 hectares with Frederic Bergeron (B2 property) .
The main drivers for determining primary targets in Québec, largely in the Grenville geological province, are the Bouguer Gravity anomalies combined with the presence of mineral showings, positive drilling results and positive geology. The secondary targets show associations with structural shear zones.
The mineralization model is the classic Martini Glass – Saint Graal shape (Figure 5). In the Magmatic Mineral Deposits image where disseminated and net-textured sulphides are on the sides of the magmatic reservoir and massive sulphides at the bottom of the glass as in the figure below (source: Earth Science Australia, earthsci.org).
GoldMinds was mandated to identify properties for CCW with the potential of having such a reservoir with a significant amount of hidden massive sulphides. The selected magmatic intrusions differ in size, however the largest and most extensive have a much higher chance to hide a significant massive sulphide deposit. In some places, an interesting relationship between the identified reservoir and high potential Nickel-Copper magmatic deposit and the presence of Biodiversity preserves was identified. As the selection of biodiversity preserves by Natural Resources Fauna & Parks, and the Ministry of Environment are independent of the Natural Resources development, Goldminds surmises the gravity, as well as mineral-rich basement, has enabled plant, insect, and mammal species biodiversity to develop better in these specific areas independently. As such, the Company’s Forgues East Manic Crater property in Mont-Groulx is outside of the ecologic preserves where the sweet spot with the most significant showing and Bouguer Gravity anomaly occurs. Our conceptual model suggests that the meteorite impact was north-northeast and has created the Mont-Groulx platform, substantiated by the presence of the Gravity anomaly combined with the Nickel-Copper showing. This is also observed in the Fushia/Massif du Nord where the center of the reservoir is covered by a restricted area. It is also important to consider the Bouguer anomaly geophysical survey. The Bouguer anomaly is a precise drill target method as the anomaly locates directly above the body of higher density.
The case study of the massive Kidd Creek mine deposit is a clear indication of this. Figure 6 (source: Abitibi Geophysics) shows the Vertical Bouguer VMS signature versus other techniques which offset the location of the body. The bigger the Bouger anomaly is, the bigger the deposit can be.
Highlight of the key properties
The Graal – Nourricier Lac Suzanne, Lowney (Lac Edouard), Fushia Massif du Nord and Forgues East Manic Crater properties are the most promising magmatic reservoirs identified as it stands today. The Company’s intention is to drill right on the maximum Bouguer Anomaly identified. Below are some highlights (mostly historical data retrieved from public reports and information on SIGEOM) on the main properties of interest where we are of the opinion that the results to date are only mineralization on the side of the magmatic reservoir and the Massive Sulphides are still hidden at depth.
GRAAL – Nourricier Lac Suzanne
This property, comprising 71 CCW claims over 3,947 Hectares and 23 optioned claims from Globex comprised of 3 distinct blocks totaling 1,276 hectares for a combined total of 5,223 hectares, is the most promising target. It is southeast of Lac à Paul Arianne Phosphate deposit. The property is located approximately 160 kilometers NNE of the city of Saguenay and 272 kilometers east of Chibougamau in NTS 22E15. The central and southern claim blocks are underlain by anorthosites, gabbros and troctolites pertaining to the anorthositic suite of Lac-St-Jean, whereas the northern block is underlain by tonalitic and trondhjemitic gneisses pertaining to the Rouvray gneissic Complex.
Previous work on the Lac Suzanne property was performed by Mines d’Or Virginia Inc. between 1997 and 2001. This work consisted of airborne geophysical surveys (magnetic and electromagnetic) followed by ground surveys (magnetic and electromagnetic – MaxMin) in order to more precisely locate the anomalies that were outlined by the airborne surveys. These surveys were followed by geological mapping, trenching, blasting, soil geochemical and rock sampling. The last exploration work done, within the limits of the present claims, consisted of diamond drilling, where 13 holes were drilled totaling 1,473 meters. The MaxMin survey delineated a good electromagnetic conductor over a strike length of over 6.5 kilometers which has only been sparsely explored, with up to 800 meters drill hole spacing or more and the deepest hole investigated at merely a 100 meters vertical depth. Knowing this, there remains a lot of ground to investigate more thoroughly.
The best results from the rock and drill core sampling returned grades of up to 10.31% Nickel, 4.9% Copper and 1% Cobalt from diamond drilling. The mineralization found on the Lac Suzanne property is of the magmatic massive sulphide type where sulphides are concentrated within a magmatic chamber. The Voisey’s Bay deposit in Labrador (141 million tonnes of ore grading 1.63% Nickel, 0.85% Copper and 0.09% Cobalt. Source of information (Current Research (2003) Newfoundland Department of Mines and Energy Geological Survey, Report 03-1, pages 231-239 – VOISEY’S BAY AND THE NICKEL POTENTIAL OF LABRADOR: A SUMMARY FOR THE NONSPECIALIST by A. Kerr.) is of this same type. The exploration work done on the Lac Suzanne thus far has barely scratched the surface. As exploration deepens, there is a good chance that richer grades might be encountered. There are many identified, near-surface mineralized zones which dip toward the Bouguer Anomaly sweet spot.
On the Nourricier portion, there is Nourricier A (97-01), A (97-c235), B (NB 97-01) B (NB97-02) sector. The hole collar NA-97-01 (GM 56023) locates the deposit. It is near the RT-97-C238 trench which revealed even higher grades. “Recognized intrusive breccias in the Feeder (Nourricier) Sector (A and B) with fragments of olivine containing droplets of sulphides indicating crystallization of olivines in a sulphide bath are strongly similar to mineralization at Voisey’s Bay”.
The host rock is gabbro or anorthosite injected with levels of pyrrhotite which give the rock an appearance of breccia. The mineralization consists of disseminated to massive pyrrhotite (max 70%) sometimes accompanied by chalcopyrite (1% or less) and garnet (35%, when the matrix is gabbro, at 45.5 m in the hole). Magmatic mineralization, dominant Nickel-Copper (± Cobalt ± PGE), is associated with anorthositic-troctolitic massifs.
MHY A (97-03) MHY (97-02) Occurrence
Highlight:
MHY-97-02: 0.21% Copper, 0.22% Nickel and 338 ppm Cobalt over 0.6 m to 22.5 m; 0.12% Copper, 0.27% Nickel and 395 ppm Cobalt over 0.3 m to 34.8 m; Blasting: RT-97-C319: 0.18% Copper, 0.2% Nickel and 319 ppm Cobalt; Blasting FL-97-C 15: 0.1% Copper, 0.28% Nickel and 900 ppm Cobalt (smp689824); 0.62% Copper, 0.13% Nickel and 276 ppm Cobalt (smp689751); 0.53% Copper, 0.09% Nickel and 171 ppm Cobalt (smp689753).
MHY-97-03: 1447 ppm Copper, 5143 ppm Nickel and 533 ppm Cobalt over 0.6 m to 16.4 m; 0.6% Copper over 0.8 m to 12.3 m; SM-97-C-21: 0.52% Copper and 0.06% Nickel; RT-97-C-240: 0.22% Copper; RT-97-C-245 (400 m to the southwest): 0.34% Copper and 0.12% Nickel. GM 59143: drillhole 1279-01-35 (360 m to the northeast): 0.37% Nickel, 0.18% Copper and 0.04% Cobalt over 4.3 m including 0.95% Nickel over 0.5 m.
Lake Suzanne North
Occurrence of massive sulphide veins.
Highlight: The best values from hole 1279-01-37 show 0.29% Nickel, 0.05% Copper and 0.03% Cobalt over 1.0 m; 0.3% Copper over 0.3 m; 12.65% TiO2, 13.16% MgO and 0.2% P2O5 over 30.6 m
Suzanne Lake-NO
The mineralization occurs in the form of massive sulphide veins intersecting massive and very homogeneous units of amphibole anorthosite and leucogabbro.
Highlight: Drill hole 1279-01-36 has 10.31% Nickel, 0.06% Copper and 0.05% Cobalt over 0.3 m, as well as 0.14% Nickel, 4.27% Copper and 0.03% Cobalt over 1.0 m. This interval corresponds to a centimetric vein of sulphides rich in chalcopyrite intersecting the drillhole at a low angle.
Lac Edouard South East – Lowney
Located in NTSC 31P09, the property is composed of 67 claims covering 3,622.5 hectares. Highlight: South of the former historical mine grades of 2.17% Nickel and 0.53% Copper over 7.1 m and 1.00% Nickel and 1.00% Copper over 3 m were identified (holes 745 and 736, GM 27800, page 6). The CCW claims location correspond to the highest Bouguer Anomaly data.
Fushia- North Massif
The property in NTSC 22K16 totals 87 Claims covering an area of 4,718.43 hectares. CCW owns 74 Claims over 4,013.43 hectares in addition to the Globex Massif du Nord option of 13 Claims over 705 hectares.
Highlight: Source GM 55930: Borehole 1181-98-22: 0.56% Nickel, 0.28% Copper and 0.02% Cobalt over 1.49 m from 46.82 m to 48.31 m including 1.10% Nickel, 0.37% Copper and 0.05% Cobalt over 0.62 m from 47.22 m to 47.84 m. GM 55900: 0.39% Nickel, 0.16% Copper, 251 ppm C; Grab sample, 1.40% Nickel, 0.12% Copper, 830 ppm Cobalt.
As well 1.30% Nickel, 0.43% Copper, 0.07% Cobalt over 2.10 m from 56.32 m to 58.42 m (hole 11-1-97-05, GM 55608); 0.41% Nickel, 0.36% Copper, 0.03% Cobalt over 5.45 m (channel samples, GM 54733) including 0.69% Nickel, 0.39% Copper, 0.14% Cobalt over 2.85 m. “The average of seven analyses of semi-massive and massive Nickel-bearing sulphides gives 1.51% Nickel, 0.28% Copper and 0.10% Cobalt” (GM 55900, p.15). “The average of twenty-three analyses of mineralized pegmatite gives 1112 ppm of Nickel, 1740 ppm of Copper and 83 ppm of Cobalt” (GM 55900, p.16). Sampling about 400 m to the North of the first showing discovered, gave 1478 ppm Copper in a biotite-graphite paragneiss (GM 55900 p.15). MRNF (2011 field campaign): Analysis of a sample from a trench yielded 1.30% Nickel and 0.43% Copper over 2.1 m. A sample chosen by the MRNF gave, on analysis, > 1% Nickel, 0.12% Copper, 0.11% Cobalt, 133 ppb Palladium, 1.7 ppb Platinum and 3 ppb Gold, for 34.6% Sulfur.
Forgues 8305 Sud – NE East Manic Crater – Mont Groulx
In NTSC 22O12, a total of 26 Claims covers an area of 1390.53 hectares.
Showing grab sample highlights: 0.44% Nickel, 0.12% Copper and 0.09% Cobalt (Chosen sample No. 8305, GM 52850); 0.06% Nickel, 0.04% Copper and 0.02% Cobalt (Chosen sample No. TC-94-80A2); Forgues 8314: 0.199% Copper, 0.16% Nickel, 0.02% Cobalt, and 0.01% Zinc.
Grand Portage
In NTSC 22F04, a total of 39 Claims covers an area of 2196 hectares. The structurally controlled mineralization is associated with mafic rocks.
Highlight: Sample 07-AE-5190A gave the following results (SGDAC 2007045639): 19.91% Fe2O3, 1.18% TiO2, 0.34% P2O5, 147 ppm Vanadium, 4596 ppm Nickel, 1936 ppm Copper, 5 ppb Palladium, 0.4 ppm Silver, 3.4 ppb Gold, 2.53% Sulphur. GM 65449: In 2011, this deposit was the subject of a re-analysis by a prospector (Jacques Tremblay). The best grades returned: 4630 ppm Copper and 9540 ppm Nickel (Chosen sample G.P. 09-04); 3530 ppm Copper and 11,950 ppm Nickel (Selected sample G.P. 09-07). GM 67942: the best results among the samples chosen are 7050 ppm Nickel, 3500 ppm Copper, 175 ppm Cobalt (sample 3328); 3120 ppm Nickel, 1395 ppm Copper, 120 ppm Cobalt (sample 3325). The best result obtained among the channel samples was 0.83% Nickel over 1 m. One sample from a portable manual drill returned 5.09% Nickel, 0.17% Copper and 0.119% Cobalt (sample 9389).
B2 Property – Frederic Bergeron option
Located in 22E11, the B2 discovery is an entirely new showing in the whole area. It has 152 claims comprising 8409.8 hectares. The property contains new showings for Nickel-Copper-Cobalt, and for Copper-Silver-Gold that were discovered by Alain Berclaz and Frederic Bergeron in 2019. It is north of Lac-St-Jean and is accessible by gravel road.
Exploration results of the owners:
- The mineralized zone is trending NNW-SSE and traceable along strike over about 1 kilometer and is open in all directions. A series of 21 samples have been cut and analyzed by a portable XRF. Preliminary results returned (# A0066060 to A0066080): Up to 1.5 % Nickel, 1.2 % Copper, 0.21% Cobalt for massive Nickel-Copper-Cobalt mineralization. Up to 2.3 % Copper, 0.4% Nickel for the epithermal veinlets associated with quartz injections.
- Stripping of the B2 Showing over a strike length of 35 m and a width of 8-10 m produced a total of 5 grab samples which returned the following assays:
for massive Nickel-Copper-Cobalt mineralization:
- 1.05 % Nickel, 0.13 % Copper, 0.10 % Cobalt
- 0.96 % Nickel, 0.10 % Copper, 0.09 % Cobalt
- 0.69 % Nickel, 0.62 % Copper, 0.19 % Cobalt
for the epithermal veinlets associated with quartz injections:
- 9.28 % Copper, 18.2 g/t Silver, 0.34 g/t Gold
- 2.97 % Copper, 5.7 g/t Silver, 0.29 g/t Gold, 0.10 % Nickel
The mineralization on the B2 Showing is associated with a regional fault structure.
QA/QC samples were sent to SGS for B2 and to AGAT laboratory for Grand Portage with blanks and standards. The control samples of the laboratory are also in line with the expected results and enable public disclosure of the preliminary results in this release.
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.
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, was identified. The discovery remains open in all directions (1A and 1B are approximately 800 meters from the 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. 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.
Canada Silver Cobalt’s flagship Castle mine and 78 sq. km Castle Property feature 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 to download multimedia: http://www.newswire.ca/en/releases/archive/April2021/20/c3539.html
Contact:
Frank J. Basa, P.Eng., Chief Executive Officer, 416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Northern Lights Starts Drilling At Secret Pass
Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE:NLR)(OTCQB:NLRCF) is pleased to announce that drilling has begun at its Secret Pass Project in Mohave County, Arizona.
The diamond core drill from Altar Drilling was mobilized to the Fiery Squid drill site on Monday, April 13 and is now set up to commence drilling.
Photo – Diamond drill being setup at Fiery Squid (Drill hole FS02, azimuth 220degrees, dip 45 degrees, planned depth 100 metres)
The Phase 1 drill program, previously announced on March 31, 2020, will focus on two previously unexplored prospects at Fiery Squid and The Tentacles and the historic mine area at Tin Cup (see Table 1 and Figure 1).
Table 1 – Secret Pass Phase 1 Drill Program
Figure 1 -Secret Pass Project Drill Hole Locations
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: shawn@northernlightsresources.com
Tel: +1 604 773 0242
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 Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver are earning 100% ownership.
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 News Home, Northern Lights Resources
Canbud’s Subsidiary, Empathy Plant Co. Expands Their Product Development Pipeline
Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“Canbud” or the “Corporation”) provides update on subsidiary, Empathy Plant Co. developmental pipeline and momentum to date.
Taste Great Complete Plant Protein with 100% Compostable Packaging
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Canbud’s subsidiary – Empathy Plant Co. has recently submitted the first production order for its Complete Plant Protein product line scheduled to hit the market. Empathy Plant Co. has recently finalized the formulation for 8 additional flavours which are scheduled. The flavours include:
- Strawberry & Cream
- Chocolate Peanut Butter
- Chocolate Hazelnut
- Banana Bread
- Peanut Butter & Jam
- Pralines & Cream
- Shamrock Shake
- Chocolate Covered Strawberry
To recap, all Empathy Plant Co.’s Complete Plant Protein are plant-based, a blend of pea and hemp protein, have no artificial colouring or flavours, are non-GMO, gluten-free, soy-free and especially free of any chalk-like taste. To further position the brand strongly in the market, all Empathy Plant Co. CPG (Consumer Packaged Goods) offerings will showcase 100% compostable packaging (a first mover in the plant-based space), supporting the Company’s ecocentric approach, sensibility and brand messaging.
Additionally, Empathy Plant Co. has finalized the formulation for a new product offering called Green Energy Powder. This innovation provides an industry first converging a greens superfood complex with natural caffeine sources, aimed to support the needs and preferences of the brand’s 18-24 year old female target market.
Taste Great Plant-Based Energy and Natural Caffeine Drink
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This innovation was developed based on insight collected by the R&D team, which perfectly supports Empathy Plant Co.’s ethos. The Green Energy Powder remains proprietary at this time, with further details to be released as development continues, featured in the following 3 flavours:
- Natural
- Mixed Berry
- Strawberry Kiwi
Canbud’s CEO, Steve Singh comments: “The Empathy Plant Co. team is executing in a very timely and methodical manner and market conditions are primed for the new innovations and offerings. These developments push us closer to meaningful commercialization.”
The time of market release will be announced at a further date once production timelines are finalized.
Follow all Empathy Plant Co. developments by entering your email at empathyplantco.com or following on Instagram.com/empathyplantco.
About Canbud Distribution Corporation
Canbud Distribution Corporation is a science and technology health and wellness company that encompasses plant-based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals.
www.canbudcorp.com
https://www.instagram.com/canbudcorp/?hl=en
For further information, please contact:
ir@canbudcorp.com
or
Robert Tjandra, President and COO
Tel: 1 416 847 7312
- Published in Canbud Distribution, News Home
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