Usha Resources Secures Drill Contractor for Lost Basin Gold-Copper Project
Usha Resources Ltd. (“USHA” or the “Company”) (TSXV:USHA)(OTCQB:USHAF) is pleased to announce that it has executed a drilling contract for its upcoming maiden drill program at the Lost Basin Gold-Copper Project located in Mohave County, Arizona. The Company intends on completing a reconnaissance visit by its personnel and the drilling contractor in the coming weeks to review drill sites after which it will commence with the construction of access roads and drill pads in preparation for drilling.
The Company has elected to proceed with diamond core drilling for its maiden program to better understand the lithological and structural data at the Site. The Company plans to drill 1,500 metres over two phases with the results of the maiden program being used to delineate a larger follow-up drill campaign.
The first phase of the drilling program will be part of a larger work program that will include trenching, soil sampling, chip sampling, and further prospecting that is anticipated to be completed over approximately 40 days.
The Company’s program will focus on the following key mineralized sections on the property:
- Red Basin: Area where highly anomalous soil samples assayed as high as 11.1 g/t Au and historical sampling has identified shallow intervals as high as 1.7 g/t Au over 26 metres.
- Copper Blowout: A major feature on the property with several copper showings assaying above 1% Cu and as high as 1.53% Cu over 2 metres in chip samples.
- Mallory’s Trench: A historical trench where chip samples collected assayed gold values as high as 2.6 g/t Au over 2 metres.
- Ideas Lode West: An exciting new prospect where the structure containing the gold-bearing quartz veining extends for hundreds of metres and grab samples assayed as high as 45.4 g/t Au.
“Advancing the gold and copper stories at Lost Basin is a primary objective of ours as we move into 2022 and we are extremely excited to continue our exploration at the property,” stated Deepak Varshney, CEO of USHA. “The property is a unique exploration and development opportunity in a top-tier mining jurisdiction that has largely escaped systematic modern exploration. Lost Basin offers a number of compelling attributes that you like to see prior to drilling – favourable geology, strong assays from initial sampling, and participation in what is becoming a very active exploration camp. This program is going to jumpstart what will be a very active year for us across a portfolio that includes copper, nickel, cobalt and gold – it’s going to be a busy and exciting year!”
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Helgi Sigurgeirson, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
About Usha Resources Ltd.
Usha Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Usha is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Northwest Ontario, Canada and the Lost Basin Gold Mining District in Mohave County, Arizona, U.S.A. Usha increases shareholder value through the acquisition and exploration of quality precious and base metal properties and the application of advanced state-of-the-art exploration methods. Usha’s portfolio of strategic properties provides diversification and mitigates investment risk.
We seek Safe Harbor.
USHA RESOURCES LTD.
“Deepak Varshney” CEO and Director
For more information, please phone James Berard, Investor Relations, 778-228-2314, email info@usharesources.com, or visit www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
- Published in News Home, Usha Resources
Sirona Biochem Subsidiary, TFChem, Awarded Financing in Partnership with French Government
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (US-OTC: SRBCF) (“Sirona“) is pleased to announce that its wholly owned subsidiary TFChem, has been awarded financing to develop an advanced chemistry process that could improve the manufacturing of active ingredients.
The project will be financed in partnership with the French government and will include the University of Rouen in Normandy, the Engineering school INSA of Rouen and the CNRS (The French National Centre for Scientific Research – among the world’s leading research institutions) to develop “flow chemistry”, an advanced technology for multistep syntheses of compounds.
Flow chemistry allows for a continuous flow manufacturing of organic molecules rather than batch type manufacturing. The technology provides several advantages to the process development of Sirona’s compounds and actives by reducing the cost of production, preventing the formation of secondary products and improving the security of certain chemical reactions.
The French government will co-finance and hire a postdoctoral student full time on the project and will allow the free use of a facility at the university as well as access to the specialized equipment required to develop the process. The student will share time between TFChem’s laboratory in Val de Reuil and the Institute of Organic chemistry in Rouen (IRCOF). The contract will be for one year.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery company with a proprietary platform technology. Sirona specializes in stabilizing carbohydrate molecules with the goal of improving efficacy and safety. New compounds are patented for maximum revenue potential.
Sirona’s compounds are licensed to leading companies around the world in return for licensing fees, milestone fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is located in France and is the recipient of multiple French national scientific awards and European Union and French government grants. For more information, please visit www.sironabiochem.com.
For more information regarding this press release, please contact:
Investor Enquiries:
Jonathan Williams
Managing Director
Momentum PR
Canada
Phone: 1.450.332.6939
Email: jwilliams@momentumpr.com
- Published in News Home, Sirona Biochem
Glen Eagle Sees New Opportunities Developing In Honduras
Glen Eagle Resources – TheNewswire – March 8, 2022 (TSX V :GER) (“Glen Eagle” the “Company”, or “GER”) has posted on its website a video showing the government’s position with regards to the mining industry in Honduras. The declaration states “that the companies operating with legal mining permits will continue their operations as usual but those working illegally or not compliant should be very concerned.” Glen Eagle applauds the leadership of the government.
Approximately 2000 small miners are working in the area where Cobra Oro is located. A majority of them are processing their ore using mercury for gold extraction and working without environmental permits.
Cobra Oro gold processing plant was originally built on the premises that the previous government would enforce the Minamata Agreement, which it signed in 2014 along with more than 100 countries to stop the use of mercury for gold extraction, a highly polluting metal, toxic and detrimental to people’s health living in the vicinity of these operations.
It was against this backdrop that Cobra Oro’ plant was built with the purpose to bring a solution to the small miners by having their ore brought to Cobra Oro and be processed in a regulated and safe environment.
The newly elected government of Xiomara Castro made environmental issues related to mining a central theme of her campaign, precluding a tougher approach towards illegal mining and permitting, which is welcomed by the Company and seen as opening many new opportunities to Cobra Oro in the near future and possibly vindicate the foundations upon which the plant was built originally.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, News Home
Canada Silver Cobalt Reports Positive Battery Metals Assay Results from its Massive Sulphide Discovery at Graal in Northern Quebec
Assay results confirm the existence of strong nickel, copper and cobalt mineralization in addition to discovering low grade platinum and palladium.
Coquitlam, BC – TheNewswire – March 3, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce it has received positive assay results including intercepts up to 2.08% nickel and 3.75% copper from the first three diamond drill holes that intercepted massive sulphides at its Graal property in the Lac St-Jean region of Quebec.
Highlights:
- The assay results (see table below) verify the existence of nickel and copper that was identified using a handheld XRF device during the core logging process (See November 24, 2021 news release).
- The elemental data suggests the pyrrhotite is nickel bearing and shows the existence of PGM elements including platinum and palladium.
- There are assays pending from another 18 drill holes.
- Massive sulphides were intercepted in 20 of 21 drill holes with 7,772.3 meters drilled to date.
- Another 1,700 meters of drilling is planned at Graal along with borehole EM geophysics to quantify potential thickness around the sulphide intersections and a ground EM survey (SQUID) to identify conductive zones to create high-value targets at depth (See news release January 31, 2022).
Matt Halliday, P.Geo., President, COO and VP Exploration stated: “Graal has been an exciting property for our geological team from the time we hit massive sulphides in the first few holes. As we drilled more holes, we discovered even wider intervals of sulphides. We’re very much looking forward to the assays from the remaining 18 holes that are still not reported and continuing with exploration at this deposit. With Graal and the other prospective properties we have in Quebec and Ontario, the Company is well positioned for the continued discovery of battery metals, and when combined with our ‘green’ Re-2Ox extraction process, to be a fully integrated, environmentally compliant supplier of critical metals and value-added battery metals to the North American market.”
Table 1: Drill core assay results
DDH | From | To | Length (m) | Ni (%) | Cu (%) | Co (%) | Pt (g/t) | Pd (g/t) |
NRC-21-02 | 155.00 | 171.00 | 16.00 | 0.10 | 0.70 | 0.01 | 0.01 | 0.01 |
Including | 155.70 | 160.70 | 5.00 | 0.29 | 0.18 | 0.03 | 0.01 | 0.01 |
NRC-21-03 | 138.30 | 144.00 | 5.70 | 0.84 | 0.59 | 0.09 | 0.03 | 0.03 |
Including | 138.30 | 142.40 | 4.10 | 1.15 | 0.27 | 0.12 | 0.04 | 0.04 |
Including | 143.40 | 144.00 | 0.60 | 0.10 | 3.75 | 0.02 | 0.00 | 0.00 |
NRC-21-04 | 136.40 | 136.90 | 0.50 | 2.08 | 0.88 | 0.03 | 0.41 | 0.22 |
Please note: Intervals represent single assays and are core length with no capping applied.
The 6,113-hectare Graal property is one of 14 properties recently acquired in northern Quebec covering 31,201 hectares that are prospective for EV battery metals such as nickel, copper, and cobalt. (See February 16, April 21, July 22, November 15, 2021 and January 31, 2022 news releases). The drill program is currently being managed by Laurentia Exploration in association with GoldMinds Geoservices Inc.
Click Image To View Full Size
Figure 1: Map of Property, Claims, Drill Holes, and Sulphide Intercept Locations.
QA/QC
The core samples were sent to ALS labs located in Val d’Or for sample preparation and will be forwarded to a separate lab for a four-acid digest multi-element suite including nickel and copper as well as a fire assay for platinum and palladium. Blank and standards were included in the sample batch and their values allows the public disclosure of the assay results.
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., a member of the Quebec Order of Engineers, and is a qualified person in accordance with the National Instrument 43- 101 standards.
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.
The Company also has 14 battery metals properties in Northern Quebec where it is currently drilling and the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it will be exploring in 2022.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
- Published in Canada Cobalt Works, Mining, News Home
Sonoro Gold Reports Multiple High Grade Gold Intercepts at Cerro Caliche Including 27.43 Meters of 5.36 Grams of Gold per Tonne
Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to report the initial assay results from the first 24 drill holes of a 10,000-meter drilling campaign currently underway at its Cerro Caliche gold project in Sonora, Mexico. The objective of the program is to increase the estimated size and grade of the project’s oxide gold mineralization as well as to establish a basis for an extension of the estimated life of the proposed heap leach mining operation as outlined in the Preliminary Economic Assessment and updated Mineral Resource Estimate filed under the Company’s profile on SEDAR on October 29, 2021 (the “Mineral Resource Estimate”).
The results include drilling conducted in the gold mineralized zones of El Colorado and Guadalupe, located in the southwestern region of the property, where assays returned multiple higher-grade gold intercepts within larger intervals of high-grade gold mineralization. Drilling is continuing at both zones.
Highlights are as follows:
- SCR-266 intercepted 9.14m averaging 1.04 g/t Au; including 1.52m averaging 2.28 g/t Au; including 1.53m averaging 3.01 g/t Au
- SCR-277 intercepted 22.86m averaging 1.55 g/t Au; including 6.10m averaging 5.18 g/t Au; including 3.05m averaging 9.10 g/t Au
- SCR-280 intercepted 3.05m averaging 19.56 g/t Au; including 1.53m averaging 37.90 g/t Au
- SCR-282 intercepted 4.57m averaging 2.43 g/t Au; including 1.53m averaging 4.54 g/t Au
- SCR-286 intercepted 27.43m averaging 5.36 g/t Au; including 4.57m averaging 7.16 g/t Au; including 4.57m averaging 22.09 g/t Au; including 1.53m averaging 46.5 g/t Au
- SCR-287 intercepted 4.57m averaging 2.18 g/t Au; including 1.52m averaging 4.70 g/t Au
Mel Herdrick, Sonoro’s VP of Exploration commented, “These results indicate that we are successfully extending gold mineralization at Cerro Caliche while simultaneously demonstrating the potential for higher-grade mineralized zones deeper in the system.”
John Darch, Sonoro’s Chairman noted, “We are very pleased with these drilling results. The shallow high-grade drill intercepts and higher-grade gold intercepts at depth suggest the potential to increase both size and grade of the project’s resource, which, if confirmed, may not only extend the life of the proposed heap leach mine, but also may improve the overall economics of the project.”
Kenneth MacLeod, Sonoro’s CEO and President added, “These positive assay results support our decision to continue drilling while moving forward with the proposed development of an open pit mining operation. Confirmation of higher-grade intercepts at depth may suggest the possibility for underground gold mineralization. Further geological data is required, but we are very encouraged by these initial results.”
The map below illustrates the location of the drill holes.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
El Colorado Zone
When combined with prior drilling results, the current Infill and expansion drilling at the higher-grade El Colorado gold mineralized zone, reveal the presence of blind (lack of surface exposure) irregular higher-grade, low angle vein occurrences. These occurrences range from 10 to 70 meters below the present surface and may be included in future open pit cone determinations.
Drill hole SCR-286 intercepted high-grade gold mineralization at the deepest level of El Colorado’s epithermal system drilled to date. Near the bottom of the hole, a 27.43 meter intercept averaged 5.36 g/t Au, including 4.57 meters averaging 7.16 g/t Au, and 4.57 meters of 22.09 g/t Au, including 1.53 meters averaging 46.5 g/t Au and 1.52 meters averaging 3.25 g/t Au. As drilling stopped at this last gold intercept, future close-in drilling is planned to test for potentially deeper extension of the drill hole’s mineralization.
The high-grade SCR-286 intercept consists of vein and mega stock work located approximately 120 vertical meters lower than the resource pit cone used to calculate the zone’s gold resource in the updated Mineral Resource Estimate. The intercept begins underneath a gulley 80 meters immediately southeast of the pit cone proposed for the north slope of the gulley, and approximately 75 meters below surface with the mineralization continuing southeast under the south slope of the gully. Mineralization at El Colorado remains open to the northwest, the southeast and to depth.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Guadalupe Zone
At Guadalupe, SCR-277 intercepted 22.86 meters averaging 1.55 g/t Au, including 6.10 meters of 5.18 g/t Au and 3.05 meters of 9.10 g/t Au starting approximately 40 meters below surface. Located one kilometer north of SCR-286, the results suggest a continuation of the El Colorado vein system. At the deepest level to date within the Guadalupe epithermal system, SCR-280 intercepted 3.05 meters averaging 19.56 g/t Au, including 1.53 meters averaging 37.90 g/t Au.
The higher-grade zone’s repetitive character likely is due to a higher degree of shearing at the footwall of the Guadalupe vein structure. The footwall shows stronger shear character including mylonitic vein textures locally. As the zones have a horizontal character (with some low angle dips), a reverse faulting episode generated the necessary open space to permit near horizontal quartz veins to be deposited early in mineralization with later gold deposition. The possibility of these types of veins forming in other parts of the property is being reviewed but the entire structural zone around the Guadalupe vein structure may be permissive over more than 100 meters width.
The intercepts of higher-grade gold vein material at depth, may suggest the potential for underground gold mineralization in addition to the potential for the near-surface mineralization to be incorporated into the proposed Cabeza Blanca pit shell. Additional drilling is expected to add to the near-surface mineralization potential and drilling at depth will explore the underground potential.
Guadalupe was excluded from the updated Mineral Resource Estimate due to its lack of sufficient drilling density. The zone is located parallel to the west side of Cabeza Blanca. Some parts of the Guadalupe zone may be included with the Cabeza Blanca resource in future estimations.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
El Colorado/La Ventana – Guadalupe/Cabeza Blanca Corridors
Four “scout holes” drilled to the southeast along the extension of the El Colorado/La Ventana – Guadalupe/Cabeza Blanca structural corridors confirmed mineralization continues by approximately 400 meters to the south, for a total length of 1.5 kilometers. Drill hole SCR-265 at La Ventana intercepted 6.10 meters averaging 0.88 g/t Au, including 1.53 meters averaging 2.14 g/t Au and drill hole SCR-266 intercepted 9.14 meters averaging 1.04 g/t Au, including 1.52 meters averaging 2.28 g/t Au and 1.53 meters averaging 3.01 g/t Au. Assay results on an additional four drill holes are pending but the visual identification of quartz vein material in chip logs suggests a good potential for gold.
Drilling with programed inclined RC drill holes is focused on extending gold mineralization south of the existing mineralized zones where near surface extension drilling is focused on adding to the existing resource areas. Access into the newly extended corridor had been limited until recently constructed roads enabled the Company to undertake an extensive sampling and mapping program, providing higher-grade targets for the current drilling program.
The geology in the newly drilled southern extension is similar to the geology of known mineralized zones to the north. Higher-grade sampled vein zones extend along similar trends from the north into the extended corridor area, with the drill holes stepping out about 400 meters south. Host rock is a complex of dioritic to granodiorite intrusive with later crosscutting andesitic dikes, similar to host rock in the El Colorado gold mineralized area.
Drill hole lengths are variable ranging from approximately 70 meters to 140 meters. Intervals intercepted indicate the vein structural zones continue south beyond previously drilled holes with higher gold values. The true dips are currently unknown but true widths are expected to be 80% or more of reported widths. Gold/silver ratios remain low with elevated lead content indicating deeper epithermal modeled levels.
La Espanola Zone
Another area excluded from the Mineral Resource Estimate was La Espanola, located in the southeast region of the property. Six scout drill holes completed at La Espanola suggest lower grade mineralization in the northward extension of the vein zone. SCR-276 intercepted 4.58 meters averaging 0.77 g/t Au including 1.53 meters averaging 1.89 g/t Au. This new data will be assessed in conjunction with the data from the prior drill holes to determine the potential for the zone.
Drilling continues to advance at Cerro Caliche with 30 drill holes completed to date. COVID related delays in the completion of laboratory analyses have created significant sample backlogs and delayed the announcements of drilling results. To expedite material information to shareholders, four of the drill holes listed below include only gold assays while silver assay results are pending. Full assay results from the four drill holes will be available on the Company’s website once received.
The following table provides the assay results for the complete list of reported drill holes:
Cerro Caliche Project, Holes Composites with Cut-off 0.15 g/t Au | |||||||
Hole | Target | From | To | Interval | Au | Ag | AuEq |
Meters | g/t | g/t | g/t | ||||
SCR-265 | La Ventana | 0.00 | 6.10 | 6.10 | 0.876 | 2.30 | 0.887 |
including | 4.57 | 6.10 | 1.53 | 2.137 | 5.20 | 2.161 | |
and | 13.72 | 16.76 | 3.04 | 0.393 | 0.60 | 0.396 | |
SCR-266 | La Ventana | 36.58 | 45.72 | 9.14 | 1.044 | 17.10 | 1.123 |
including | 36.58 | 38.10 | 1.52 | 2.279 | 1.80 | 2.287 | |
including | 42.67 | 44.20 | 1.53 | 3.005 | 9.00 | 3.046 | |
SCR-267 | La Ventana | 16.76 | 19.81 | 3.05 | 0.383 | 0.80 | 0.387 |
SCR-268 | La Ventana | 21.34 | 25.91 | 4.57 | 0.164 | 2.00 | 0.173 |
SCR-269 | San Quintin | 33.53 | 38.10 | 4.57 | 0.324 | 4.00 | 0.342 |
SCR-270 | San Quintin | 24.38 | 27.43 | 3.05 | 0.452 | 2.90 | 0.466 |
SCR-271 | La Espanola | 48.77 | 51.82 | 3.05 | 0.221 | 0.50 | 0.224 |
and | 99.06 | 106.68 | 7.62 | 0.227 | 3.50 | 0.243 | |
SCR-272 | La Espanola | Deviated hole, did not cut the structure | |||||
SCR-273 | La Espanola | 64.01 | 67.06 | 3.05 | 0.340 | 0.20 | 0.341 |
SCR-274 | La Espanola | 36.58 | 39.62 | 3.04 | 0.238 | 0.40 | 0.240 |
SCR-275 | La Espanola | 13.72 | 18.29 | 4.57 | 0.299 | 7.90 | 0.335 |
SCR-276 | La Espanola | 9.14 | 13.72 | 4.58 | 0.194 | 0.20 | 0.195 |
and | 27.43 | 30.48 | 3.05 | 0.392 | 0.60 | 0.395 | |
and | 39.62 | 44.20 | 4.58 | 0.774 | 0.60 | 0.777 | |
including | 39.62 | 41.15 | 1.53 | 1.890 | 0.50 | 1.892 | |
and | 141.73 | 144.78 | 3.05 | 0.733 | 11.00 | 0.784 | |
and | 149.35 | 152.40 | 3.05 | 0.300 | 1.60 | 0.307 | |
SCR-277 | Guadalupe | 57.91 | 80.77 | 22.86 | 1.548 | PENDING | |
including | 60.96 | 67.06 | 6.10 | 5.180 | |||
including | 60.96 | 64.01 | 3.05 | 9.103 | |||
SCR-278 | Guadalupe | 57.91 | 60.96 | 3.05 | 1.585 | 1.30 | 1.591 |
including | 57.91 | 59.44 | 1.53 | 2.372 | 2.30 | 2.383 | |
and | 67.06 | 70.10 | 3.04 | 0.293 | 6.30 | 0.321 | |
and | 71.63 | 79.25 | 7.62 | 0.181 | 0.20 | 0.182 | |
and | 80.77 | 85.34 | 4.57 | 0.250 | 0.40 | 0.252 | |
SCR-279 | Guadalupe | 50.29 | 56.39 | 6.10 | 0.325 | 1.60 | 0.333 |
SCR-280 | Guadalupe | 0.00 | 9.14 | 9.14 | 0.747 | 1.70 | 0.754 |
including | 3.05 | 4.57 | 1.52 | 2.516 | 6.50 | 2.546 | |
and | 24.38 | 27.43 | 3.05 | 0.179 | 2.10 | 0.189 | |
and | 57.91 | 62.48 | 4.57 | 0.519 | 1.50 | 0.526 | |
and | 80.77 | 83.82 | 3.05 | 0.188 | 0.20 | 0.189 | |
and | 106.68 | 109.73 | 3.05 | 0.372 | 0.40 | 0.374 | |
and | 112.78 | 117.35 | 4.57 | 0.202 | 2.20 | 0.212 | |
and | 124.97 | 128.02 | 3.05 | 19.559 | 7.30 | 19.593 | |
including | 126.49 | 128.02 | 1.53 | 37.900 | 14.00 | 37.964 | |
SCR-281 | San Quintin | 0.00 | 16.76 | 16.76 | 0.256 | 0.70 | 0.259 |
and | 21.34 | 33.53 | 12.19 | 0.239 | 0.30 | 0.240 | |
and | 73.15 | 76.20 | 3.05 | 0.964 | 0.90 | 0.968 | |
including | 73.15 | 74.68 | 1.53 | 1.680 | 1.40 | 1.686 | |
SCR-282 | San Quintin | 16.76 | 22.86 | 6.10 | 0.255 | 2.50 | 0.266 |
and | 45.72 | 54.86 | 9.14 | 0.340 | 0.70 | 0.343 | |
and | 100.58 | 103.63 | 3.05 | 0.599 | 0.90 | 0.603 | |
and | 117.35 | 121.92 | 4.57 | 2.434 | 1.90 | 2.443 | |
including | 118.87 | 120.40 | 1.53 | 4.544 | 2.70 | 4.556 | |
SCR-283 | San Quintin | 0.00 | 3.05 | 3.05 | 0.318 | 0.50 | 0.320 |
and | 19.81 | 25.91 | 6.10 | 0.838 | 1.20 | 0.843 | |
including | 22.86 | 24.38 | 1.52 | 2.957 | 3.00 | 2.971 | |
SCR-284 | La Ventana | No Significant Values | |||||
SCR-285 | La Ventana | 4.57 | 7.62 | 3.05 | 0.243 | PENDING | |
SCR-286 | El Colorado | 39.62 | 41.15 | 1.53 | 1.425 | 0.40 | 1.427 |
and | 50.29 | 53.34 | 3.05 | 0.220 | 1.80 | 0.228 | |
and | 83.82 | 111.25 | 27.43 | 5.360 | 3.40 | 5.376 | |
including | 86.87 | 91.44 | 4.57 | 7.161 | 6.30 | 7.190 | |
including | 96.01 | 100.58 | 4.57 | 22.087 | 8.00 | 22.123 | |
including | 96.01 | 97.54 | 1.53 | 46.50 | 16.00 | 46.573 | |
including | 109.73 | 111.25 | 1.52 | 3.250 | 1.50 | 3.257 | |
SCR-287 | El Colorado | 19.81 | 30.48 | 10.67 | 0.486 | PENDING | |
including | 27.43 | 28.96 | 1.53 | 1.821 | |||
and | 44.20 | 48.77 | 4.57 | 2.181 | |||
including | 44.20 | 45.72 | 1.52 | 4.699 | |||
and | 71.63 | 74.68 | 3.05 | 0.451 | |||
and | 77.72 | 86.87 | 9.15 | 0.231 | |||
and | 91.44 | 94.49 | 3.05 | 0.237 | |||
SCR-288 | El Colorado | 1.52 | 4.57 | 3.05 | 0.407 | PENDING | |
and | 30.48 | 35.05 | 4.57 | 0.253 |
Drill collar locations, azimuths and dips for the drill holes included are provided in the table below.
Drill Collar Locations (NAD 1927 UTM Zone 12N) | |||||||
Drill Hole | Zone | Easting | Northing | Elevation | Depth (m) | Dip | Azimuth |
SCR-265 | La Ventana | 536,485 | 3,364,123 | 1,340 | 140.21 | -50 | 270 |
SCR-266 | La Ventana | 536,478 | 3,364,116 | 1,340 | 85.34 | -45 | 210 |
SCR-267 | La Ventana | 536,542 | 3,364,159 | 1,351 | 164.59 | -45 | 225 |
SCR-268 | La Ventana | 536,504 | 3,364,100 | 1,334 | 82.30 | -50 | 190 |
SCR-269 | San Quintin | 536,608 | 3,364,189 | 1,347 | 140.21 | -45 | 225 |
SCR-270 | San Quintin | 536,585 | 3,364,372 | 1,355 | 201.17 | -45 | 280 |
SCR-271 | La Espanola | 538,019 | 3,364,923 | 1,341 | 134.11 | -50 | 70 |
SCR-272 | La Espanola | 537,942 | 3,364,962 | 1,385 | 249.92 | -45 | 80 |
SCR-273 | La Espanola | 538,066 | 3,365,081 | 1,343 | 70.10 | -45 | 270 |
SCR-274 | La Espanola | 538,043 | 3,365,130 | 1,342 | 73.15 | -50 | 270 |
SCR-275 | La Espanola | 537,977 | 3,365,264 | 1,377 | 48.77 | -45 | 235 |
SCR-276 | La Espanola | 537,981 | 3,364,978 | 1,367 | 204.22 | -40 | 90 |
SCR-277 | Guadalupe | 535,961 | 3,365,059 | 1,417 | 88.39 | -45 | 260 |
SCR-278 | Guadalupe | 535,998 | 3,365,011 | 1,388 | 103.63 | -45 | 260 |
SCR-279 | Guadalupe | 536,020 | 3,364,896 | 1,358 | 88.39 | -45 | 260 |
SCR-280 | Guadalupe | 536,088 | 3,364,970 | 1,338 | 143.26 | -45 | 260 |
SCR-281 | San Quintin | 536,682 | 3,364,506 | 1,293 | 82.30 | -45 | 70 |
SCR-282 | San Quintin | 536,679 | 3,364,506 | 1,293 | 128.02 | -45 | 255 |
SCR-283 | San Quintin | 536,586 | 3,364,499 | 1,282 | 60.96 | -45 | 230 |
SCR-284 | La Ventana | 536,376 | 3,364,500 | 1,240 | 82.30 | -45 | 255 |
SCR-285 | La Ventana | 536,417 | 3,364,513 | 1,240 | 131.06 | -45 | 255 |
SCR-286 | El Colorado | 536,273 | 3,364,477 | 1,194 | 111.25 | -45 | 220 |
SCR-287 | El Colorado | 536,211 | 3,364,468 | 1,213 | 100.58 | -90 | 0 |
SCR-288 | El Colorado | 536,192 | 3,364,420 | 1,218 | 118.87 | -50 | 210 |
Quality Assurance/Quality Control (“QA/QC”) Measures and Analytical Procedures
Drill samples are collected with an airstream cyclone and passed into a splitter that divides each sample into quarters. The quartered samples are then bagged and sealed with identification. The sample group has blanks, standards and duplicates inserted into the sample stream.
Bureau Veritas (BV) collects from the drill site the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the prep. laboratory, a split part of each sample (about 500 grams) is reduced through crushing, splitting and pulverization. Thirty grams of each pulverized sample is split apart in the Hermosillo laboratory and undergoes a “Fire Assay” for gold content by reducing the fire assay to a concentrated button of material that is dissolved in acids and the gold content determined by atomic absorption. About another 200 grams of each sample are sent by BV to their Vancouver, Canada laboratory and dissolved there in aqua regia for multi-element ICP analysis, including silver.
ALS-Chemex collects the samples and transports them directly to the preparation laboratory in Hermosillo, Sonora. At the laboratory, part of each sample is reduced through crushing, splitting and pulverization from which 200 grams is sent to the ALS-Chemex assay laboratory in Vancouver. Thirty grams undergoes fire assay for gold with the resulting concentrated button of material produced is dissolved in acids and the gold is determined by atomic absorption. Another quantity of the sample is dissolved in four acids for an ICP multi-element analysis.
No QA/QC issues were noted with the results received from either laboratory.
Geologic Description
Cerro Caliche is located 45 kilometers east southeast of Magdalena de Kino in the Cucurpe-Sonora Mega-district of Sonora, Mexico. Multiple historic underground mines were developed in the concession including Cabeza Blanca, Los Cuervos, Japoneses, Las Abejas, Boluditos, El Colorado, Veta de Oro and Espanola. Mineralization types of the Cucurpe-Sonora Mega-district include variants of epithermal low sulfidation veins and related mineralized dikes and associated volcanic domes. Local altered and mineralized felsic dikes cut the mineralized meta-sedimentary rock units and may be associated with mineralization both in the dikes and meta-sedimentary rocks.
Qualified Person Statement
Stephen Kenwood, P.Geo., a Director of Sonoro, is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Readers are cautioned that the presence of mineralization on historic mines adjacent to or on Cerro Caliche is not necessarily indicative of economic gold mineralization in the concessions held by the Company.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development company with a portfolio of exploration-stage precious metal properties in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
On behalf of the Board of Sonoro Gold Corp.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. – Tel: (604) 632-1764
Email: info@sonorogold.com
- Published in Mining, News Home, Sonoro Gold
St-Georges Changes its Financial Year End, Hires KRP Auditors & Provides Various Material Updates
St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleased to provide a status update on Company activities.
St-Georges announces the change of financial year end from December 31 to March 31. Further to the above, the Company has appointed Kingston Ross Pasnak LLP, hereafter referred to as KRP, Chartered Accountants, as auditors of the Corporation for the financial year ending March 31, 2022. KRP will fill the vacancy created by the resignation of Dale Matheson Carr-Hilton Labonte LLP as its independent auditor.
The Company’s decision to change auditors from Dale Matheson Carr-Hilton Labonte LLP was not the result of any disagreement between the Company and Dale Matheson Carr-Hilton Labonte LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The Board of Directors believes KRP, Chartered Accountants, offers a much wider platform of services more suited to the Company’s diversified portfolio of projects.
In meeting the requirements of National Instrument 51-102 – Continuous Disclosure Obligations, the Company announces that it has elected to change financial year-end from December 31st to March 31st. No approvals are required to effect this change.
About KRP, Chartered Accountants
Kingston Ross Pasnak LLP is an independent accounting firm licensed to practice in Alberta by the Chartered Professional Accountants of Alberta and has been serving clients for 75 years. It is a partnership with 17 active partners and, in total, employs approximately 175 people. KRP has extensive experience providing auditing and ancillary services to public organizations, large and small, and is registered with the Canadian Public Accountability Board (CPAB) .
EVSX Update
A formalization of a consulting agreement was unanimously passed, acknowledging Enrico Di Cesare’s contributions to EVSX’s Research and Development efforts. The agreement calls for a signing bonus, certain payments at completion of defined benchmarks, and 1% NRR (Net Revenue Royalty) from any patent or patent application developed by the Corporation and its subsidiaries with his involvement.
Mr. Di Cesare is also tasked with identifying and recommending a general manager and associated staff to ramp up the pilot plant operations at the CIMMS location. The Company expects to identify a number of positions to be filled in the coming weeks and following the deployment of its updated plan for the proposed commercial operations in Baie-Comeau.
EVSX is in the process of adding another shredder to handle larger batteries and one or more conveyors to accelerate and automate the pilot plant process.
The significant amount of Ni-Cd spent battery feedstock available to the Company allows EVSX to plan a first-stage black mass separation unit to be in operation in 2022.
After the separation of aluminium, copper, and steel, additional processing of the black mass is now being tested with very recent breakthrough discoveries made by the Company’s metallurgical team. Independent tests are being completed in March, and IP protection is being sought for what would amount to a nickel-metal urban mine operation in operation later this year.
H2SX Update – Hydrogen
The Board of Directors unanimously appointed Dr. Sabin Boily as president of H2SX. Dr. Boily works in the valuation and marketing of high value-added technologies with a specific focus on protecting intellectual property, primarily in fields related to materials, renewable energy, and the environment. Dr. Boily holds a Bachelor’s degree in Engineering Physics from Polytechnique Montreal , a Master’s degree and a Ph.D. in Energy Science from the Universite du Quebec – Institut national de la recherche scientifique (INRS).
In addition to the above, Dr. Boily will also become Vice-President of Intellectual Property (IP) Strategy for St-Georges.
Dr. Boily is expected to travel to South Korea in the coming days to assist in finalizing the agreement with Wintec and its joint announcement. H2SX and its Korean partners are expected to prioritize the finalization of the detailed blueprints for the initial hydrogen plant expected to be built in Quebec later this year.
Iceland Resources Update
In September and October 2020, Iceland Resources contracted an RC drill hole to be drilled near the center of the Thor gold project. Additionally, a review of the work in April and May of 2021 was completed. A binocular microscope was used to evaluate the potential for free gold to occur in various sections of altered basalt. A decision to re-assay portions of the cuttings was made due to certain minute fragments of minerals that might have been visible gold.
In a previous press release, this hole (TH 20-01) was identified as a historic resampling of drill holes. This work was conducted to determine the potential for the possible existence of free gold that may have been undercounted in previous sampling. Although the results significantly differed in individual 0.3-meter sample intervals by as much as 60%, the average grades over the reported intervals increased by less than 15%. These results were not deemed significant as the near-term plan was to follow up with core drilling in the same area. Therefore, no previous release of results has been made.
During the last two quarters of 2021, a total of 1621.8 meters were drilled on the project. The first two holes completed did not meet the terms of the drilling contract, and a decision was made to pay for only a portion of these holes. Thus, a total of only 1,542 meters was formally completed in eight core holes. Drilling proceeded slowly with an average of 12 meters per day. The work was hampered by Covid-19 illness, logistics, weather, and other acts of God.
Although most results have been returned at this time, the Company has not been supplied with actual sample intervals and QA/QC sample numbers. The Company is waiting for all assays to be completed and certified and a final report from consultants to be submitted before supplying a press release.
STATEMENT BY HERB DUERR, P.GEO. AND QUALIFIED PERSON
The technical information contained in this report has been reviewed by Herb Duerr, P.Geo , for St-Georges Eco-Mining Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
FRANK DUMAS
Director & COO
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com
- Published in News Home, St-Georges Eco-Mining
Glen Eagle: $6M Potential Windfall Using Cycladex Green Technology
Glen Eagle Resources ( TSXV:GER) (OTC:GERFF) (“Glen Eagle” the “Company”, or “GER”) announced in a news release dated June 15, 2021 that it was partnering with Cycladex to test an environmentally friendly technology that could better serve our mining suppliers by addressing a broader spectrum of mining needs, accelerating our leach time and improving recovery without affecting Cobra’s current operations.
Since then, the Company has remained in close contact with Cycladex, while conducting a due diligence process to better understand its technology. Tailing samples were sent recently to their laboratory for analysis. The ensuing results were excellent with an estimated 95% recovery or 1.5 grams gold per ton with a leach time of less than two hours.
The samples were taken close to surface and the Company is confident that 1.5 grams gold per ton is representative of the overall average grade contained in the tailing. It is also in line with regular sampling data collected over the years, including the information retrieved from nine drill holes conducted in tailing pond number three as part of the Company 2021 drilling program.
Cobra Oro gold processing plant was built and expanded to contain a total 50,000 tons of waste material based on the construction parameters of its three tailing ponds.
The numbers are quite significant as they would represent approximately $6M dollars of insitu recoverable gold with no toxic disposable byproducts, turning a liability into a potential asset.
Cycladex’s technology has been performing well on different type of ores and has been tested on batches of 20 tons and will be running additional pilot testing at Cobra Oro’s plant site.
The numbers quoted in this news release are based on in-house data and do not meet NI-43101 standards and can only be relied upon based on the information accumulated by the Company over the years and on the assumption that the results obtained from Cycladex laboratory can be repeated on larger scale.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Jean Labrecque
Glen Eagle Resources Inc
2075 Victoria Street, Suite 201
St-Lambert, Quebec
J4S-1H1
514-808-9807
- Published in Glen Eagle, Mining, News Home