Cobalt, Ontario (BMR photo).
The “Cobalt Craze” is just beginning!
With “boots on the ground” research and interviews with key players during two separate visits to the Greater Cobalt Camp in northern Ontario, home to over 100 historic mines and unquestionably some of the highest Cobalt (and Silver!) grades found anywhere in the world, BMR has been the leading source of opportunities for investors in this burgeoning region since the middle of last year.
In tonight’s report for subscribers is an updated review of companies active in the Greater Cobalt Camp – a valuable guide for investors to understand what’s unfolding in the district and who the most important players are. No service has this Camp covered more accurately and extensively than the team at BullMarketRun.com, giving subscribers multiple home run opportunities in 2017.
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Awesome!! thx guys!
Comment by Jeremy — March 5, 2017 @ 8:09 pm
GGM halted–Frank doesn’t halt often , so must be substantial!!
Comment by bob — March 6, 2017 @ 5:08 am
PROBE METALS INTERSECTS 1,122 G/T GOLD OVER 0.7 METRES IN NEW ZONE AT VAL-D’OR EAST
Probe Metals Inc. has released results from an additional nine holes on its 100-per-cent-owned Val d’Or East project located near Val d’Or, Que. The results represent the remaining holes drilled during the 11,500-metre 2016 program. In addition to follow-up drilling of the new gold discovery in Hole PC-16-90 (see News Release dated December 6, 2016) and further definition and delineation of the New Beliveau gold-bearing quartz-tourmaline vein system, drilling was also successful in discovering a new, high-grade gold zone hosted in diorite dyke 300 metres west of the former Beliveau Mine. Hole PC-16-100 intersected an impressive zone of quartz-tourmaline veining, which included an interval of 1,122 g/t gold (“Au”) over 0.7 metres. The hole represents the most westerly step-out that the Company has drilled on the New Beliveau Mine and the highest grades encountered on the property, to date. The new results indicate increased potential for both near-surface bulk tonnage and deeper, higher grade mineralized systems. Results also demonstrate the continuity of the gold mineralization and therefore the potential for growth of the resource to the west and at depth of known mineralization.
Highlights from new drilling include:
-Discovery of a new high-grade gold zone hosted by diorite dyke in Hole PC-16-100, which returned two intervals of 1,122 g/t Au uncut over 0.7 metres and 25.5 g/t Au over 0.8 metres forming part of a larger interval of vein mineralization averaging 92.7 g/t Au over 8.7 metres. Mineralization was intersected between 272 and 281 metres depth and represents the richest drilling intercept ever encountered on the property.
– Holes PC-16-102, -103, -104 & -105 also intersected significant gold mineralisation returning intercepts of up to 6 g/t Au over 3 metres, 1.7 g/t Au over 15 metres 7.2 g/t Au over 3.6 metres and 4.2 g/t Au over 11.5 metres, respectively.
Drill hole PC-16-100, initially designed to delineate the high-grade gold zone discovered at depth by drill hole PC-16-90 (12.6 g/t Au over 7.3 metres; see new release dated December 6, 2016), intersected a new diorite dyke containing quartz-tourmaline veins with zones of significant disseminated pyrite mineralization and visible gold at 272 metres down-hole before reaching its intended target. This new zone represents a further expansion of the New Beliveau deposit to the west, with mineralization remaining open in all directions. In addition to the new high-grade zone, the quartz-tourmaline vein mineralization originally targeted at depth was also intersected in holes PC-16-100, returning 4.2 g/t Au over 8 metres at 716 metres downhole. Hole PC-16-105 also intersected the deeper zone returning 4.2 g/t Au over 11.5 metres between 665 and 676.5 metres downhole. Drilling on both of the new high-grade discovery zones is continuing and results will be announced as soon as they are available.
Table 1: Val-d’Or East Project Drilling Results
Hole Number From (m) To (m) Length (m) Au (g/t)
PC-16-98 108.6 110.2 1.6 8.9
PC-16-99 2.7 3.7 1.0 9.9
648.1 660.0 11.9 1.1
PC-16-100 272.3 281.0 8.7 92.7
including 272.3 273.1 0.8 25.5
including 279.2 279.9 0.7 1,122
716.8 724.8 8.0 4.2
PC-16-101 210.3 211.8 1.5 5.7
PC-16-102 119.0 120.5 1.5 16.8
749.0 752.0 3.0 6.0
PC-16-103 235.0 250.0 15.0 1.7
PC-16-104 41.7 42.7 1.0 16.8
140.5 156.5 16.0 1.6
299.9 303.5 3.6 7.2
369.3 371.5 2.2 7.8
PC-16-105 623.0 630.0 7.0 3.4
665.0 676.5 11.5 4.2
(1)For intervals within diorite, true thickness is not
known. Additional drilling is planned for the immediate
area which will enable the true width determination
(2)For all other rock types, true thickness is currently
estimated to be between 70% to 90% of drill length.
David Palmer, President and CEO of Probe, states: “We are very encouraged by the early results from our drilling on New Beliveau. The discovery of two new high-grade gold zones within the first 17 holes of the program has increased our confidence in the expansion potential of the deposit. With the successful completion of the Val-d’Or East land consolidation strategy we will now be focused on exploration and 2017 will be a busy year for the project as we ramp up our operations on the momentum generated by these results. Although resource expansion is a priority we are also expanding our greenfields exploration work to encompass all of the ground acquired in the past seven months and expect to generate a significant number of satellite and regional drill targets before the end of the year.”
Following the discovery of the new high grade zone, surface drilling has been expanded to better delineate this mineralization and test for its extensions west of the known resources at New Beliveau. The results announced today are from 5,178 metres of drilling, representing 9 drill holes. The 2017 drill program of 50,000 metres that was announced in January is underway and results will be disclosed as they become available. Four drill rigs are currently in operation on site testing the Pascalis Gold Trend, which hosts the New Beliveau deposit.
In addition to drilling, a second phase of a property-scale IP survey has commenced on the southern part of the Project and is expected to be completed by the beginning of Q2-2017. A VTEM survey over the northern part of the Project and the Cadillac Break East claims will be completed during the same period.
The New Beliveau Gold Deposit
The New Beliveau deposit consists predominantly of a series of parallel, east-west trending, moderately dipping, mineralized zones hosting gold-bearing quartz-pyrite-tourmaline veins. Gold mineralization occurs in the veins but also in their immediate wall rocks. The sulphide content is generally 1 to 5%, but may reach up to 10% in the higher-grade sections. The extent of the alteration zone, which consist of a mixture of quartz, tourmaline, dolomite, albite, and euhedral pyrite is commonly twice the thickness of the vein itself. The north-south-trending diorite dykes also contain significant gold with gold grades typically increasing in areas where the dykes are intersected by the east-west quartz-tourmaline veins. Wall rocks for both systems consist of intermediate volcanics rock.
Together with the Highway and North Zones, the New Beliveau Deposit host a NI 43-101 inferred resources of 770,000 ounces at 2.6 g/t gold calculated at a 1.0 g/t cut-off above 350 metres depth and 1.5 g/t cut-off below 350 metres depth (see NI 43-101 technical report: Mineral Resource Val-d’Or East Property – January 4, 2013).
Qualified Persons
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice-President, and Mr. Denis Chenard, P.Geo., Senior Geologist of the Val-d’Or East Project, who are “Qualified Persons” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Quality Control
During the last drilling program, assay samples were taken from the NQ core and sawed in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 5.0 g/t gold or more. Total gold analyses (Metalic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.
About Probe Metals:
Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is well-funded and controls a strategic land package of over 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Ontario and Quebec: Val d’Or, West Timmins, Casa-Berardi and Detour Quebec. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project. The Company was formed as a result of the sale of Probe Mines Limited to Goldcorp Inc. in 2015. Goldcorp currently owns a 13.9% stake in the Company.
Comment by Jon - BMR — March 6, 2017 @ 6:24 am
TK connects on very first hole at Ayawilca…
TINKA DISCOVERS NEW HIGH GRADE ZINC ZONE AT AYAWILCA
Tinka Resources Ltd. has released partial results from drill hole A17-56, the first hole of the 10,000-metre 2017 drill program at Ayawilca, Peru. Drill hole A17-56 is located approximately 400 metres south of the existing Zinc Zone Inferred Mineral Resource, and over 250 metres from any previous drill hole at Ayawilca. Mineralization in the hole is associated with massive to semi-massive sulphide replacements of carbonate and clastic sediments which also host the known mineralization elsewhere. These results report down to a depth of 238 metres only; hole A17-56 will continue to the base of the favourable limestone unit, with further high-grade zinc intersections expected. Tinka is mobilizing a second drill rig to site immediately.
Key Highlights from drill hole A17-56 (results to 238 metres depth only):
62.4 metres grading 5.6 % zinc from 127.5 metres depth, including:
17.9 metres at 11.6% zinc from 127.5 metres depth, including:
5.8 metres at 22.5 % zinc from 127.5 metres depth; and
5.2 metres at 12.9% zinc from 228.5 metres depth;
All mineralized intercepts are sulphides.
The lower contact of the favourable limestone is expected at a depth of 300-350 metres. Zinc mineralization is all sulphide (sphalerite, marmatite) accompanied by minor galena and chalcopyrite. True thicknesses of the zinc intersections are estimated to be at least 90% of the downhole thickness.
Dr. Graham Carman, Tinkas President and CEO, stated: “This is an exciting new zinc discovery at Ayawilca, in a 400 metre step-out hole from the existing mineral resource and our very first drill hole for 2017. This early success gives the Tinka team a great deal of confidence that our geological models and targeting methods are working. We are drilling a magnetic anomaly at South Ayawilca, and there are several other untested magnetic and zinc anomalies on the property that will be drilled in 2017 (see Figures 1 & 2).”
Dr. Carman continued, ” This discovery at South Ayawilca is very significant. The drill hole contains some high zinc grades, and opens up a large new area to potentially grow our zinc resources, particularly of the higher grade ‘chimney style’ mineralization we have already identified at West Ayawilca. We look forward to completing A17-56 to determine the extent of the mineralization to depth. Upcoming holes will test if this mineralization links up with existing mineral resources at West and/or Central Ayawilca. Given this early success, we are immediately mobilizing a second drill rig to site.”
Table of Results
Drill From To Interval Zinc Lead Silver Indium
hole (m) (m) (m) % % ppm ppm
A17-56 127.5 189.9 62.4 5.6 0.1 17 29
Including 127.5 145.4 17.9 11.6 0.2 36 20
Including 127.5 133.3 5.8 22.5 0.3 77 50
And 228.5 233.7 5.2 12.9 0.0 11 162
Notes on sampling and assaying:
Down-hole zinc intersections were calculated using a 2% zinc cut-off grade over 6 metre intervals. Drill holes are diamond core holes with recoveries generally above 70% and often close to 100%. The drill core is marked up, logged, and photographed on site. The cores are cut in half at the Company’s core storage facility, with half-cores stored as a future reference. Half-core is bagged on average over 1 to 2 metre composite intervals, and sent to ALS laboratory in Lima for assay in batches. Standards and blanks were inserted into each batch prior to departure from Tinka’s core storage facilities. At the laboratory samples are dried, crushed to 100% passing 2mm, then 500 grams pulverized for multi-element analysis by ICP (MS) using multi-acid digestion. Samples assaying over 1% zinc, lead, or copper were re-assayed using precise ore-grade AAS techniques.
The qualified person, Dr. Graham Carman, Tinka’s President and CEO, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the technical contents of this release.
About Tinka Resources Limited
Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca carbonate replacement deposit (CRD) in the zinc-lead-silver belt of central Peru, 200 kilometres northeast of Lima. The Ayawilca Zinc Zone has an Inferred Mineral Resource of 18.8 Mt at 8.2% Zinc Eq, and a Tin Zone Inferred Mineral Resource of 5.4 Mt at 0.89% Tin Eq, both open for expansion ( May 25, 2016 ). The Silver Zone at Colquipucro, 2 km north of the Zinc Zone, has Indicated Mineral Resources of 2.9 Mt at 112g/t Ag for 10.4 Moz Ag and Inferred Mineral Resources of 2.2 Mt at 105g/t Ag for 7.5 Moz Ag hosted by oxidized silver-rich lenses less than 80 metres from surface ( Feb. 26, 2015 ).
We seek Safe Harbor.
Comment by Jon - BMR — March 6, 2017 @ 6:43 am
Great news: GoldQuest (GQC) Announces C$22,860,000 Strategic Investment by Agnico Eagle
Comment by rgiroux — March 6, 2017 @ 6:51 am