The Venture led North American equity markets higher again last week, another encouraging sign for 2021…
Learn more in today’s Week In Review And A Look Ahead!
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WHY does CCW languish while the rest of the boats are rising??? is it BASA??? this makes no sense if Silver is in the bull market eberyone says its in.. mystified…
Comment by CrazyC — January 17, 2021 @ 3:29 pm
The broader market is, but the rest of the Silver boats are certainly not rising, CrazyC…DSV is but 1 example, stuck in a range between $2.25 and $1.50 since August and down nearly 40% from its August high…CCW has been in a range between 65 cents and 45 cents since September, down 31% from its August high…at some point the Silver stocks will go crazy, and that certainly includes CCW…in the meantime traders can play the ranges…
Comment by Jon - BMR — January 17, 2021 @ 7:14 pm
Excellent results from Marathon (MOZ, TSX) this morning from the Berry Zone…maiden resource estimate for this part of the project expected late Q1…strong support on MOZ just below $3 at the EMA-20…
MARATHON GOLD REPORTS LATEST DRILL RESULTS FROM THE VALENTINE GOLD PROJECT AND ANNOUNCES COMMENCEMENT OF 2021 DRILL PROGRAM
Marathon Gold Corp. has released additional drill results from recent exploration drilling at the Valentine gold project, central Newfoundland. These latest results represent fire assay data from fourteen drill holes located within the 1.5 kilometre long Berry Zone. Highlights include:
– VL-20-927 intersected 4.67 g/t Au over 34 metres including 24.14 g/t Au over 2 meters, including 39.48 g/t Au over 1 metre and 35.71 g/t Au over 1 metre, and 5.91 g/t Au over 11 metres including 43.00 g/t over 1 metre and 12.70 g/t Au over 1 metre;
– VL-20-932 intersected 3.51 g/t Au over 13 metres including 31.79 g/t Au over 1 metre, and 8.67 g/t Au over 2 metres including 15.02 g/t Au over 1 metre, and 12.29 g/t Au over 1 metre, and 11.59 g/t Au over 1 metre;
– VL-20-926 intersected 2.53 g/t Au over 16 metres including 27.16 g/t Au over 1 metre, and 4.36 g/t Au over 4 metres including 11.99 g/t Au over 1 metre; VL-20-924 intersected 35.88 g/t Au over 2 metres; VL-20-925 intersected 0.97 g/t Au over 24 metres;
– and VL-20-930 intersected 5.59 g/t Au over 4 metres including 17.96 g/t Au over 1 metre, and 2.06 g/t Au over 7 metres;
Matt Manson, President & CEO commented: “Today’s results represent additional fire assays from the Berry Zone completed as part of our 2020 exploration drill program. We continue to be encouraged by repeated long and high grade intercepts of shear-zone hosted gold mineralization in the style familiar to us from elsewhere at the Valentine Gold Project. Fire assay results from the final fifteen holes drilled in 2020, representing 2,875 metres, are expected to be received shortly. A first mineral resource estimate for Berry is expected toward the end of Q1 2021.”
Full News Release
Comment by Jon - BMR — January 18, 2021 @ 6:48 am
Thx Jon.. appreciated:)
Comment by CrazyC — January 18, 2021 @ 6:50 am
Critical Elements (CRE, TSX), another Lithium play heating up…
Webcast Public Hearings for Critical Elements Lithium Corporation’s Rose Lithium-Tantalum Project
JANUARY 18, 2021 – Montréal, Québec – Critical Elements Lithium Corporation (the “Corporation” or “Critical Elements”) (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) wishes to provide an update on the Rose Lithium-Tantalum Project (“Rose Lithium-Tantalum Project” or the “Project”).
The Rose property (where the Rose Lithium-Tantalum Project is proposed) is located in northern Québec’s administrative region, on the territory of Eeyou Istchee James Bay. It is located on Category III land, on the Traditional Lands of the Cree Nation of Eastmain.
The Corporation has been informed by the Chairman of the Environmental and Social Impact Review Committee (“COMEX“) that public hearing sessions will be held in the afternoon of February 15, 2021 in Matagami, February 16, 2021 in Eastmain and February 18, 2021 in Nemaska. Considering the current context of the COVID-19 pandemic, the public hearings will be held virtually, via the Zoom application, and will be broadcast live via Facebook and LiveStream. The COMEX has planned that a room will be made available in each of the communities so that people who wish to gather in person can do so in compliance with current health standards. The COMEX’s mission is to contribute to the protection of human health and the environment and the economic and social well-being of the peoples inhabiting the territory governed by the James Bay and Northern Quebec Agreement (JBNQA) that lies south of the 55th parallel. Once the environmental and social impact assessment and review procedure is completed, the COMEX will make a recommendation in respect of the authorization of the Project by provincial authorities.
“We are very happy that public hearings on our Rose Lithium-Tantalum Project are starting. This significant step towards obtaining the governmental authorizations for the go ahead of our Project will, once again, give us the opportunity of hearing the citizens point of view. Since the beginning of our Project, we have worked closely with the communities, particularly the Cree Nation of Eastmain, in order to have a project that is part of the local environment,” stated Jean-Sébastien Lavallée, Critical Elements’ Chief Executive Officer.
As early as 2012, Critical Elements entered into a pre-development agreement with the Grand Council of the Crees (Eeyou Istchee), the Cree Nation Government (then the Cree Regional Authority) and the Cree Nation of Eastmain, which laid out the basis for the building of a cooperative and mutually respectful relationship between the parties and led to the signing of the Pikhuutaau Agreement (an impact and benefit agreement) in July 2019. Over the years, Critical Elements has participated in multiple meetings with the leadership of the Cree Nation of Eastmain, and in various community meetings and information sessions in Eastmain.
The Rose Lithium-Tantalum Project is in direct line with the governmental orientations contained in the Québec Plan for the Development of Critical and Strategic Minerals 2020-2025 and the 2030 Plan for a Green Economy. Lithium and tantalum are world renowned in manufacturing and automotive industrial sectors, including for, among others, the market of hybrid and electric cars in this era of increasing interest for energy transition.
“The economy of tomorrow will be driven by strategic sectors, like the electric vehicles and batteries sectors. This vision aligns perfectly with our vision to become a large responsible supplier of lithium to the flourishing electric vehicle and energy storage systems industries. We represent perfectly sustainable development with our project that is, not only good for the environment, but that is good for the development of local communities,” concludes Jean-Sébastien Lavallée.
About Critical Elements Lithium Corporation
Primero Group recently completed the first phase of its Early Contractor Involvement agreement with the Corporation and provided a Guaranteed Maximum Price for the engineering, procurement and construction of the wholly-owned Rose Lithium-Tantalum project on a lump sum turnkey basis that is in line with the Project’s feasibility study published November 29, 2017. The project feasibility study is based on price forecasts of US $750/tonne for chemical-grade lithium concentrate (5% Li2O), US $1,500/tonne for technical-grade lithium concentrate (6% Li2O) and US $130/kg for Ta2O5 in tantalite concentrate, and an exchange rate of US $0.75/CA $. The internal rate of return (“IRR”) for the Rose Lithium-Tantalum project is estimated at 34.9% after tax, and net present value (“NPV”) is estimated at CA $726 million at an 8% discount rate. The estimated payback period is 2.8 years. The pre-tax IRR for the Rose Lithium-Tantalum Project is estimated at 48.2% and the pre-tax NPV at CA $1,257 million at an 8% discount rate (see press release dated September 6, 2017). The financial analysis is based on the Indicated mineral resource. An Indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The life-of-mine (LOM) plan provides for the extraction of 26.8 million tonnes of ore, 182.4 million tonnes of waste, and 11.0 million tonnes of overburden for a total of 220.2 million tonnes of material. The average stripping ratio is 7.2 tonnes per tonne of ore. The nominal production rate is estimated at 4,600 tonnes per day, with 350 operating days per year. The open pit mining schedule allows for a 17-year mine life. The mine will produce a total of 26.8 million tonnes of ore grading an average of 0.85% Li2O and 133 ppm Ta2O5, including dilution. The mill will process 1.61 million tonnes of ore per year to produce an annual average of 236,532 tonnes of technical and chemical grade spodumene concentrate and 429 tonnes of tantalite concentrate.
FOR MORE INFORMATION:
Jean-Sébastien Lavallée, P.Geo.
Chief Executive Officer
819-354-5146
jslavallee@cecorp.ca
http://www.cecorp.ca
Comment by Jon - BMR — January 18, 2021 @ 6:52 am
More high-grade results from Skeena at Eskay Creek…
SKEENA INTERSECTS THICK INTERCEPT GRADING 9.12 G/T AUEQ OVER 49.60 METRES WITHIN THE 21C ZONE DEVELOPMENT BUFFER AT ESKAY CREEK
Vancouver, BC (January 19, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to report additional diamond drill core results from the Phase 1 and Phase 2 combined campaigns of definition and exploration drilling at the Eskay Creek Project (“Eskay Creek” or the “Project”) located in the Golden Triangle of British Columbia. The Phase 2 infill program, focused upon resource category conversions for the Pre-Feasibility Study (“PFS”) on open-pit constrained resources, is now complete. Six drill rigs are now active at the Project performing near-mine exploration. Reference images are presented at the end of this release as well as on the Company’s website.
Eskay Creek Infill Drilling Highlights 21B and 21C Zones
• 3.18 g/t Au, 27 g/t Ag (3.54 g/t AuEq) over 40.50 m (SK-20-492)
• 4.67 g/t Au, 35 g/t Ag (5.14 g/t AuEq) over 21.50 m (SK-20-493)
• 4.73 g/t Au, 67 g/t Ag (5.63 g/t AuEq) over 22.80 m (SK-20-563)
• 5.69 g/t Au, 151 g/t Ag (7.70 g/t AuEq) over 22.11 m (SK-20-584)
• 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m (SK-20-579)
Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70-100% of reported core lengths. Length weighted AuEq composites are constrained by geological considerations. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.
Thick High-Grade Intersection within 21C Zone Development Buffer
The completed Phase 2 infill program was designed to convert Inferred resources to Indicated and Measured categories; results are encouraging and continue to demonstrate the high tenor of the proposed Eskay Creek open-pit mine. Most notably, the intersection of 7.17 g/t Au, 146 g/t Ag (9.12 g/t AuEq) over 49.60 m in the 21C Zone (SK-20-579) is within the 25 m “development buffer” around historic workings that Skeena was previously restricted from drilling. Mineralization here is hosted largely in footwall rhyolite flows and breccias with a short interval of lessor grade contained within the hanging wall Contact Mudstone. The drill hole pierced historical backfilled workings (at 158.00-159.50 m) which was incorporated as zero grade dilution within the reporting of the length-weighted composite, above.
Approximately 200 m to the east in the 21B Zone, unexpected remnant mineralization, left by the previous operator, was intersected in the Contact Mudstone in the immediate hanging wall to a backfilled stope as demonstrated by 13.32 g/t AuEq over 2.61 m (SK-20-563). In the footwall to the same stope, additional high-grade was expected in the rhyolite and was confirmed by a thick intersection grading 5.63 g/t AuEq over 22.80 m. This corroborates the existing rhyolite-hosted inferred resources.
Overall, the incoming results from the Phase 2 infill drilling program continue to validate the predicted and modelled Inferred mineralization which was informed by widely spaced historical drill holes in the Skeena 2019 Mineral Resource Estimate (MRE).
About Skeena
Skeena Resources Limited is a mining exploration company focused on developing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a robust Preliminary Economic Assessment in late 2019 and is currently focused on infill and exploration drilling at Eskay Creek to advance the project to Prefeasibility. Skeena is also exploring the past-producing Snip gold mine.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Contact Information
Investor Inquiries: info@skeenaresources.com
Office Phone: +1 604 684 8725
Company Website: http://www.skeenaresources.com
Qualified Persons
Exploration activities at the Eskay Creek Project are administered on site by the Company’s Exploration Managers, Raegan Markel, P.Geo. and Adrian Newton, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration and Resource Development, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting the exploration activities on its projects.
Quality Assurance – Quality Control
Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Paul Geddes, P.Geo, Vice President Exploration and Resource Development.
Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 1 kg is pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 50 g fire assay fusion with gravimetric finish. Analysis for silver is by 50 g fire assay fusion with gravimetric finish with a lower limit of 5ppm and upper limit of 10,000 ppm. Samples with silver assays greater than 10,000 ppm are re-analyzed using a gravimetric silver concentrate method. A selected number of samples are also analyzed using a 48 multi-element geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS) and also for mercury using an aqua regia digest with Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) finish. Samples with sulfur reporting greater than 10% from the multi-element analysis are re-analyzed for total sulfur by Leco furnace and infrared spectroscopy.
Comment by Jon - BMR — January 19, 2021 @ 6:39 am
Is BMR still following Sona Nanotech? Are you holding or have you sold and moved on. Thanks. John
Comment by JOHN — January 19, 2021 @ 12:27 pm
For sure, John, we’re continuing to keep an eye on it…
New high for PDM this morning on news of bought $12 million bought deal…
ACU threatening to hit a new high…
VPT trading beautifully in the first hour, 20’s coming quickly…
Comment by Jon - BMR — January 20, 2021 @ 7:17 am