Canada Silver Cobalt Hits Bonanza-Grade Silver at 53,739 g/tonne with Gold Equivalent of 23.31 oz/ton
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce, within the eight new silver veins discovered to date, an additional wedge intercept of the high-grade silver vein (Vein 2) was intersected within 60 metres of the Robinson Zone Discovery hole CA-1108. The Robinson Zone, 100-percent owned by the Company, is located in the 78-square-kilometre Castle Silver Mine property, in Gowganda, Ontario, Canada.
Highlights and updates:
- Significant silver intercept in hole CS-20-39W4 grades 53,739 g/tonne Ag (1,568 oz/ton Ag) over 0.48m from 551.08 – 551.1m with a gold equivalent grade of 23.31 oz/ton Au.
- This intercept is included within a larger interval of 19,308 g/tonne Ag (563.24 oz/ton Ag) over 1.3m from 550.6 – 551.9m with a gold equivalent grade of 8.38 oz/ton Au over 1.3m.
- This wedge is a follow-up to the highest-grade silver to date at Robinson Zone: hole CS-20-39, at 89,853 g/tonne Ag (2,621 oz/ton Ag) with a gold equivalent grade of 38.98 oz/ton Au.
- The main intercept that grades 53,739 g/tonne Ag from 551.08 – 551.1m also contains strong Cobalt mineralization at 2.22% Co over 0.48m.
- Secondary vein intercept in hole CS-20-39W4 grading 2,019 g/tonne (58.90 oz/ton Ag) over 0.4m from 475.3 – 475.7m with a gold equivalent grade of 0.88 oz/ton Au. This may be part of the vein set belonging to the “17-Metre Zone” first identified in hole CS-20-39.
Note: Gold equivalents calculated based on USD $27.625 oz/ton Ag and USD $1857.8 oz/ton Au as of June 16th, 2021.
Table 1: Sample Details
Ag | Co | AuEq* | ||||||
Hole ID | Sample | From (m) | To (m) | Length (m) | g/tonne | oz/Ton | ppm | oz/Ton |
CS-20-39-W4 | 550.60 | 551.90 | 1.30 | 19,308 | 563.24 | 7,220 | 8.38 | |
Including | 25449 | 550.60 | 551.08 | 0.48 | 2,097 | 61.2 | 41 | 0.91 |
25451 | 551.08 | 551.50 | 0.42 | 53,739 | 1,567.6 | 22,209 | 23.31 | |
25453 | 551.50 | 551.90 | 0.40 | 3,809 | 111.1 | 97 | 1.65 | |
CS-20-39-W4 | 25430 | 475.30 | 475.70 | 0.40 | 2,019 | 58.9 | 133 | 0.88 |
*Gold equivalent only on the silver value, cobalt grade not included in calculation |
The potential of Castle East 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 district-wide 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 Ag Eq (mineral resources that are not mineral reserves do not have demonstrated economic viability). 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).
Notably, Hole CS-20-39 also intersected a 17-metre zone (downhole from 505 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 part of a lower-grade vein set (possibly en-echelon or anastomosing). Assays are still pending for this zone intersected in several holes.
Matt Halliday, P.Geo., President, commented: “This is the third intercept above 50,000 g/tonne Ag in Vein 2 (Big Silver). This particular vein appears to be thinning at this point, but the grade is incredible as it outperformed the wider intercept in CS-20-39W2. The Company will continue drilling Big Silver to see what comes up and will continue exploring for additional high-grade veins”.
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 were identified. The discovery remains open in all directions (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 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
- Published in Canada Cobalt Works, Mining, News Home
Newlox Establishes Brazilian ESG Gold Initiative
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LUX . CN) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to announce that in accordance with its long-standing objective, the Com pany has entered the Brazilian market, where it intends to develop precious metals projects in partnership with local artisanal miners, focussing on environmental, social, and corporate governance (ESG).
Newlox Gold is working in partnership with NAP.Mineração/USP , the centre for small-scale responsible mining at the University of São Paulo, Brazil. The partnership will support sustainable development within the vast Brazilian artisanal mining sector and support research, training, and education while fostering responsible management of mine development and governance.
T he research team engages and collaborates closely with both artisanal mining cooperatives and associations as well as conventional mining companies. Additionally, on a broader front, NAP.Mineração maintains artisanal mining-related collaborations with national and international institutions such as research agencies, mining cooperatives, universities, and government agencies.
Newlox Gold, with the support of NAP.Mineração/USP, has already identified two highly prospective areas suitable for the deployment of Newlox Gold ESG-focused precious metals processing plants. These projects are currently in due diligence, and further details will follow.
The Company is also pleased to advise that its Costa Rican operations continue to advance . Plant One, the remediation facility , is undergoing a modification to its processing circuit to increase throughput substantially, while Plant Two, the Boston partnership, is advancing construction according to plan.
A Message from Ryan Jackson, President & CEO:
“The Company has established a close connection with Brazil over many years through its Chief Technical Advisor, Dr. Marcello Veiga , who has worked closely with Newlox since 2014 and who now head s up the Company’s research and development division . Through our relationship with Dr. Veiga, the Company has assembled a team focused on identifying and assessing expansion opportunities in Latin America, with Brazil at the heart of this endeavour.
Newlox Gold has established a beachhead in Brazil through its partnership with NAP.Mineração/USP. We are excited to initiate the Company’s expansion program beyond Costa Rica and look forward to updating shareholders as we continue assessing the multiple opportunities available to the Company.”
- Published in Mining, Newlox Gold, News Home
Granada Gold Mine Gets 10 Year Extension on Mining Lease BM 852 at the Granada Mine Property and Takes 500 Tonne Bulk Sample
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) is pleased to announce that Mining Lease BM852 which is 24.8 hectares, was renewed for another 10 years till 2030. This Lease is part of the current resource and is part of the past-producing underground mine which was mined at a grade of 9.7 grams per tonne gold. The renewal keeps the current 26 permits in good standing for mining and shipping to a custom mill and allows the taking of bulk samples of up to 500 tonnes.
The extension required the closure plan to be revised and triggered an increase in financial assurances which was completed and paid. Another revised closure plan with revised bond will be necessary once Granada property goes into production.
Bulk Sample Highlight:
- A 500-tonne bulk sample of mineralized material and 900 tonnes of waste (low grade) were taken where diamond drill hole GR-19-A intersected 11.45 grams per tonne gold from 0 to 33 meters down hole (refer to Jan. 9, 2020, news release). A subsequent 1,220-kilogram mineralized material (blasted rock) sample was taken over a 3-metre strike length and returned 55.6 grams per tonne native gold (refer to Sept. 11, 2020, news release).
- A 100-kilogram mineralized material sample was sent to GEKKO in Australia to evaluate the amenability of upgrading using in-line pressure jigs. The company has visited GEKKO in Australia, and two plant installations using in-line pressure jigs, and found that using them to pre-concentrate the low-grade mineralized material may be viable for the Granada Mine Property. GEKKO has processed the material and has submitted a report on the findings of the testwork. The company is interpreting the results presently and is expecting to update the shareholders with a news release shortly.
- The 500-tonne bulk sample, obtained by drilling and blasting with rubber mats, has been crushed to smaller than 4 inches with a crusher set-up on the boom of the excavator and the company is currently looking to further process the mineralized material to get an overall assay. The bulk sample excavation site has been refilled and levelled for safety reasons.
Frank J. Basa, P.Eng., President and CEO: “Based on results from this bulk sample and the GEKKO pre-concentration test results, the company may rethink the resource grades and return to the original 43-101 historical in-situ Mineral Resources of 946,000 ounces gold at 1.02 grams per tonne Measured, 659,000 ounces gold at 1.09 grams per tonne Indicated and 1,033,000 ounces gold at 1.07 grams per tonne Inferred. A cut-off grade 0.4 grams per tonne gold was used”. (SGS NI 43-101 Technical Report PEA Granada Gold Project, February 4th 2013 by J. Gagné, G. Gagnon, C. Duplessis, G. Rousseau).
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 140,000 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 High-Grade (COG above 0.9 g/t) Pit-constrained 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
- Published in Granada Gold Mine, Mining, News Home
Canada Silver Cobalt Provides Update on Environmental Baseline Study
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to report that the environmental baseline study at Castle East is on track. The company undertook a Gap Analysis late 2020. Canada Silver Cobalt has since initiated an environmental baseline study in February this year.
Highlights:
- Phase I, Gap Analysis completed, consisting of initial site recon, planning of phase II and phase III program
- Significant progress with 10 monitoring well installations completed between April 29th and May 06th 2021.
- Phase II of III commenced on Q1, 2021 to complete environmental baseline study and permitting. Multiple studies are currently underway.
The completed Gap Analysis has outlined multiple studies required to move the project forward. Surface and Groundwater studies have begun with 10 monitoring wells having recently been drilled allowing monthly sampling.
Underway:
Groundwater monitoring is to characterize the amount and chemistry of groundwater around the site, this will assist in the ramp design process and the design of the water treatment system that will be required to treat water from underground development.
Surface water study is to establish baseline conditions of the surrounding surface water bodies, and feeds into the permitting for the industrial sewage work permit.
Aquatic studies are to establish the baseline conditions of the aquatic environment, including fish and fish habitat, benthic invertebrates, and sediment quality.
Terrestrial studies establish the baseline conditions of the terrestrial environment, checking for species at risk, ecological communities of conservation concern and significant wetlands.
Hydrology study of the surface water is conducted to establish the flow and hydraulic conditions of the lakes and creeks. Stations have been set up on Miller Lake and surrounding outflow sites to be monitored monthly.
Coming up:
Hydrogeological and geochemical studies will be commencing in the near future, Hydrogeology establishes the hydrogeological conditions of the site and will enable the development of a numerical hydrogeological model to support permitting.
Geochemistry studies are to determine the potential for Acid Rock Drainage (ARD) or metal leaching allowing the Company to be proactive in determining the best measures to treat the rock.
Matthew Halliday, P.Geo., VP Exploration and President of Canada Silver Cobalt Works, commented, “I am pleased to announce the that the environmental permitting and baseline study at Castle East is well under way. This has been an extremely busy year for Canada Silver Cobalt; not only have we completed our Maiden Resource in May 2020 but, since then, have drilled over 35,000 metres of the 60,000-metre program which will contribute significantly to a resource update. By initiating these activities early, we will ensure that the permitting process will be smoother and accomplished in a timely manner to take full advantage of this silver cycle. Canada Silver Cobalt Works is excited to be working with all stakeholders on this important project to become one of Ontario’s next critical metals producers in a timely, open and responsible manner.”
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO) President and 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 were identified. The discovery remains open in all directions (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 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
- Published in Canada Cobalt Works, Mining, News Home
Sun Summit Continues to Intersect Multiple Zones of High-Grade and Bulk Tonnage-Style Gold Mineralization at Buck Property, Central BC
Sun Summit Minerals Inc. (TSXV: SMN) (OTC Pink: SMREF) (“Sun Summit” or the “Company”) is pleased to report additional results from its fully funded 2021 exploration program on its Buck Property, central B.C.
Highlights
Trench Zone
- BK21-024: Numerous high-grade intervals cut throughout the entire hole:
- 19.71 grams per tonne (g/t) gold equivalent (AuEQ) over 1.4 metres and 14.01 g/t AuEQ over 1.4 metres within 6.35 g/t AuEQ over 7.6 metres, and within a broader interval of 2.97 g/t AuEQ over 17.0 metres near the top of the hole.
- 42.05 g/t AuEQ over 1.0 metre within a broader interval of 5.84 g/t AuEQ over 7.4 metres from 252.6 metres down hole.
- 16.87 g/t AuEQ over 1.0 metre within a broader interval of 2.01 g/t AuEQ over 9.0 metres near the bottom of the hole.
- 19.71 grams per tonne (g/t) gold equivalent (AuEQ) over 1.4 metres and 14.01 g/t AuEQ over 1.4 metres within 6.35 g/t AuEQ over 7.6 metres, and within a broader interval of 2.97 g/t AuEQ over 17.0 metres near the top of the hole.
- BK21-026: Broad zones of bulk tonnage-style gold mineralization with local high-grade gold intercepts:
- 33.67 g/t AuEQ over 1.0 metres within a broader interval of 1.18 g/t AuEQ over 44.1 metres.
- 33.67 g/t AuEQ over 1.0 metres within a broader interval of 1.18 g/t AuEQ over 44.1 metres.
- BK21-025: Numerous broad zones of bulk tonnage-style gold mineralization:
- 9.28 g/t AuEQ over 1.0 metre within a broader interval of 0.64 g/t AuEQ over 39.0 metres from 123.0 metres down hole.
- 13.97 g/t AuEQ over 0.8 metres within a broader interval of 1.07 g/t AuEQ over 32.2 metres which is within a wider interval of 0.85 g/t AuEQ over 62.0 metres from deeper in the hole.
- 9.28 g/t AuEQ over 1.0 metre within a broader interval of 0.64 g/t AuEQ over 39.0 metres from 123.0 metres down hole.
Horseshoe zone
- BK21-032: Multiple broad zones of >1.0 g/t gold mineralization:
- 2.99 g/t AuEQ over 12.3 metres within a broader interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 metres down hole.
- 1.46 g/t AuEQ over 31.0 metres within a broader interval of 0.95 g/t AuEQ over 59.1 metres from 192.0 metres down hole.
- 2.99 g/t AuEQ over 12.3 metres within a broader interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 metres down hole.
Note: Intervals are downhole core lengths. True widths are unknown. AuEQ based on a 65:1 silver to gold ratio.
Figure 1. Photograph of sulfide-cemented breccias cut in BK21-032 at 102 metres down hole. Abbreviations: sph = sphalerite, py = pyrite, gn = galena, carb = carbonate, = qtz = quartz
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Sun Summit has drilled 18 holes in 2021. Results from the first five holes were released on May 11th, 2021. Results from six additional holes are reported in this news release (Tables 1 and 2). Results from seven holes from the Horseshoe and Trench zones and peripheral areas remain pending (Figures 2 and 3).
Bob Willis, Sun Summit’s CEO commented: “The 2021 drill program continues to deliver significant results in the Trench zone area that is quickly becoming a robust high-grade gold target. Like previously reported results, high-grade gold mineralization was intersected in multiple intervals in multiple holes in the Trench zone and confirms the potential of this target for vein-hosted high-grade gold. What is equally important is the new discovery that bulk tonnage-style disseminated gold mineralization is also present in the Trench zone.”
“We are also very pleased with results from the only hole reported here from the Horseshoe zone. This hole cut multiple zones of >1.0 g/t gold mineralization.”
“It is gratifying to report large cumulative gold intercepts in all holes, which were broadly spaced and drilled at multiple different azimuths. Trench to Horseshoe continues to be completely open for further expansion in all directions. Results from remaining drill holes will be released shortly.”
Trench zone
The five Trench zone holes (BK21-021, 023, 024, 025 and 026; Table 1) were designed to investigate the extent of multiple zones of high-grade gold mineralization discovered in BK20-012 (see news release dated January 5th, 2021) and confirmed in BK20-020 (see news release dated May 11th, 2021). Results from the Trench zone are reported in Table 1.
Table 1. Assay results – Trench zone
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-024 and BK21-023 were drilled steeply to the south to test the extent of high-grade gold mineralization discovered in BK20-012.
BK21-024 intersected multiple intervals of high-grade gold mineralization throughout the entire hole (intervals are not true widths) including 19.71 g/t AuEQ over 1.4 metres, 14.01 g/t AuEQ over 1.4 metres, 42.05 g/t AuEQ over 1.0 metre, and 16.87 g/t AuEQ over 1.0 metre (Figure 3). The deepest high-grade interval at 352.8 metres downhole is approximately 70 metres below the bottom of BK20-012 which hit 7.54 g/t AuEQ over 1.0 metre within 1.05 g/t AuEQ over 12.7 metres (see news release dated January 5th, 2021). These high-grade intercepts in BK21-024 are locally within wider intervals of bulk-tonnage style mineralization such as 2.97 g/t AuEQ over 17.0 metres near the top of the hole from 45.0 to 62.0 metres (Table 1).
Similarly, BK21-023 intersected numerous broad intervals of bulk tonnage-style mineralization (e.g., 0.64 g/t AuEQ over 59.0 metres including 1.01 g/t AuEQ over 19.2 metres) highlighted by 15.38 g/t AuEQ over 1.0 metre within a broader interval of 2.29 g/t AuEQ over 11.0 metres near the bottom of the hole (Figure 3). BK21-026 was drilled to the east and hit multiple intervals of gold mineralization throughout the entire hole highlighted by 1.18 g/t AuEQ over 44.1 metres including 33.67 g/t AuEQ over 1.0 metres from 170.0 to 214.1 metres down hole.
The presence of broad zones of bulk tonnage-style, disseminated gold mineralization with internal local high-grade vein-hosted mineralization was also intersected in BK21-025, collared 150 metres east of BK21-026 and drilled to the east. The hole cut mineralization throughout the entire hole starting with 0.64 g/t AuEQ over 39.0 metres from 123.0 to 162.0 metres and 0.85 g/t AuEQ over 62.0 metres from 374.0 to 436.0 metres down hole (Figure 3).Assays are pending from four remaining holes in the Trench zone.
Horseshoe zone
The Horseshoe zone hole (BK21-032; Table 2) was designed to test the lateral-extent of bulk-tonnage, sulfide-cemented breccia-hosted gold mineralization intersected in BK21-017 (see news release dated May 11th, 2021).
Table 2. Assay results – Horseshoe zone
- AuEQ (gold equivalent) based on a 65:1 silver to gold (Ag:Au) ratio.
- Calculations are uncut and length-weighted using a 0.15 g/t gold cutoff with less than five continuous metres of internal dilution.
- Intervals are downhole core lengths. True widths are unknown.
BK21-032 was collared 100 metres northwest of BK21-017 and drilled to the east at a similar dip. The hole returned two significant intervals: an upper interval of 1.19 g/t AuEQ over 54.0 metres from 89.0 to 143.0 metres hosted in sphalerite-rich sulfide-cemented breccias (Figure 1); and a lower interval of 0.95 g/t AuEQ over 59.1 metres including 31.0 metres of 1.46 g/t AuEQ hosted in polymictic breccias with clots of sphalerite + pyrite. The upper interval also contained 1.17% zinc over the 54.0 metres. Hole BK21-032 builds on results from 2020 (e.g., BK20-006, 007, 009 and top of 012) and the recently reported BK21-017 and BK21-018 and expands the zone of sphalerite-rich sulfide-cemented breccias laterally at depth (Figure 3). Assays are pending from one remaining hole in the Horseshoe zone.
Figure 2. Map showing drill hole locations.
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Figure 3. A-A’ Cross section from the Trench to Horseshoe zones showing selected highlights.
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Table 3. Drill collar locations
Notes: * NAD 83 Zone 9N
Quality Assurance and Quality Control
All sample assay results have been monitored through the Company’s quality assurance and quality control (QA/QC) program. Drill core was sawn in half at Sun Summit’s core logging and processing facility in Houston, B.C. Half the core was sampled and shipped in sealed and secure bags to the ALS Global preparation facilities in Yellowknife, N.T. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C., for analysis.
Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L or ME-MS61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample. 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 digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.
In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements an internal QA/QC program that includes the insertion of duplicates, standards and blanks into the sample stream.
National Instrument 43-101 Disclosure
This news release has been approved by Sun Summit’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.
Community Engagement
Sun Summit is working to engage with First Nations on whose territory the Buck Property is located, to discuss their interests and identify contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.
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. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.
Buck Property
The recently expanded 33,000-hectare property, approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.
About Sun Summit
Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.
The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former operating mines and current exploration projects.
Sun Summit 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.sunsummitminerals.com
Figures
Figure 1
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Figure 2
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Figure 3
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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
Canada Silver Cobalt Files NI 43-101 Technical Report Update for Castle East
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to report that it has filed a technical report update on SEDAR. The technical report update was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The Castle East property is 100% owned by Canada Silver Cobalt Works. After the last mineral resource estimate (press release of May 28, 2020) the Company initiated an intense surface drilling program at Castle East zone from May 2020 through to April 30, 2021 totaling at 29,966.53m. A mineral resource update should follow once the drilling campaign is completed with all assays received and interpreted. The current mineral resource estimate (press release of May 28, 2020) is still valid.
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Merouane Rachidi, Ph.D., P.Geo., (PGO, OGQ and AIPG) of GoldMinds Geoservices, an independent 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 were 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 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/June2021/09/c8459.html
- Published in Canada Cobalt Works, Mining, News Home
Medicine Springs JV – Project Expansion and Exploration Update
Northern Lights Resources Corp. (“Northern Lights” or the “Company”) (CSE:NLR)(OTCQB:NLRCF) is pleased to announce a significant expansion to the claim base and the commencement of exploration work at the Medicine Springs Project located in Elko County, Nevada, that the Company is exploring in joint venture with Reyna Silver Corp. (“Reyna Silver”), (TSX.V:RSVL).
Under the terms of the Medicine Springs Option and Joint Venture Agreement, announced October 5, 2021, Reyna Silver will earn a 75% interest in the Medicine Springs Project (“Medicine Springs” or the “JV Project”) by fulfilling various commitments including completing exploration work commitments totalling US$2.4 million. Reyna may acquire an additional 5% in Medicine Springs by paying Northern Lights US$1.0 million. Under the terms of the Joint Venture, Reyna Silver is responsible for the first US$4.0 million of exploration expenditures, then both Reyna Silver and Northern Lights will contribute to expenditures on a pro-rata equity basis.
In early May, Reyna Silver CEO Jorge Ramiro Monroy, Dr. Peter Megaw and NLR geologist, Dr. Bill Tafuri spent several days at the Medicine Springs site finalizing the 2021 exploration plan for the project. Please see the the link to a presentation by Dr Peter Megaw while on site at Medicine Springs (“Peter Megaw – Medicine Springs“).
To capture the total limits of the recognized mineralization and alteration system observed at Medicine Springs, Reyna Silver has aggressively staked additional mineral claims contiguous with the original Medicine Springs 1,189 hectare (149 claims) project claim boundaries. A total of 450 new unpatented Federal mineral claims have been added to the JV Project area increasing the total land position to 4,831 hectares (599 claims), an increase of over 300%. (Under the terms of the joint venture with Reyna Silver, any land acquired within a 5-mile radius of the original Medicine Springs mineral claims is included within the JV Project area.) See Figure 1 – Medicine Springs Joint Venture Mineral Claims.
The 2021 exploration plan for the JV Project includes:
- The orientation sampling phase is complete (assays pending)
- A property wide Lidar-like survey is being flown this week. This will facilitate mapping and identify target areas for sampling.
- A systematic property-wide mapping and selective jasperoid sampling program to determine the limits of the alteration system and where its center (or centers) are located.
- Potential additional Magnetic and NSAMT geophysics for drill targeting.
The exploration program builds on geological studies completed by Northern Lights and indicates that there are several mineralization centers in the district developed along strong NE-SW structures reflected by topography and marked by Carbonate Replacement Deposit (“CRD”) style jasperoid alteration. Reyna interprets the known mineralization and alteration as “leakage” from more concentrated mineralization at depth and intends to trace the system to depth by outlining and following the system’s structural “plumbing” network.
“Jasperoids are an important alteration style marking the limits of major CRD systems, so finding them well outside of our initial Medicine Springs property package means the system is larger than we thought and triggered tripling our property holdings–we are comfortable we now cover the whole thing”, stated Dr. Peter Megaw, Technical Advisor to Reyna Silver. “We look forward to defining drill targets quickly by building on Northern Lights excellent work through our expanded district-scale mapping and sampling approach”.
Northern Lights CEO, Jason Bahnsen, commented “We are delighted to work with the excellent team at Reyna Silver to build on the 2+ years of exploration work completed by Northern Lights which led to the identification of CRD mineralization on the project. The recent staking has inceased the project size by over 300%, creating a district scale project with significant potential.”
Figure 1 – Medicine Springs Joint Venture Mineral Claims(For enhanced image click here)
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 are in joint venture with Reyna Silver Corp (TSX.V “RSLV”), (25% Northern Lights / 75% Reyna Silver).
Northern Lights Resources trades under the ticker of “NLR” on the CSE exchange and “NLRCF” on the OTCQB exchange. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
About Reyna Silver
Reyna Silver Corp. is a silver exploration company with a robust portfolio of silver assets in Mexico and the US. The Company was built around the Guigui and Batopilas Projects, which formed part of MAG Silver’s original IPO portfolio. It is also actively exploring the Medicine Springs project in Nevada, another CRD target and the La Reyna Project in Chihuahua, an epithermal vein project in the historic Cusihuriachic district. Reyna’s strategy centers around leveraging its expertise in Mexico and elsewhere to explore projects that have the potential for high-grade, district-scale discoveries.
- Published in Mining, News Home, Northern Lights Resources