Drilling rig

UK asset management firm, Seventy Ninth Group expands operations into Dubai as part of global growth strategy

Retrieved on: 
Wednesday, November 16, 2022

SOUTHPORT, England, Nov. 16, 2022 /PRNewswire/ -- One of the fastest-growing asset management companies in the United Kingdom, The Seventy Ninth Group, is expanding global operations with a dedicated UAE hub in Dubai's financial district. The office will be situated in the Jumeirah Lake Towers and will serve as the headquarters of Seventy Ninth Global, the international brand of the Webster family portfolio of companies. The Websters also own the Seventy Ninth Group. The Jumeirah Lake Towers are located within the Dubai Multi Commodities Centre (DMCC), which has been crowned the 'Global Free Zone of the Year' by the Financial Times on eight occasions, and is home to four main sectors: Precious commodities, energy, metals and agriculture.

Key Points: 
  • Further to the acquisition of these new premises, Seventy Ninth Global has also recently hired a new Account Manager, Patrick Willard.
  • Patrick has moved to Seventy Ninth Global from deVere and will be responsible for account management of the network of agents and introducers, and growing the presence of Seventy Ninth Global whilst aiding with clients and product structuring.
  • This expansion of the Seventy Ninth Resources portfolio is coupled with various real estate projects across the UK, under the Seventy Ninth Luxury Living and Seventy Ninth Commercial arms of the Webster's businesses and they have 1,000+ clients globally.
  • Chief Executive Officer of the Seventy Ninth Group, Natalie Bellis, added; "I'm absolutely thrilled about the opening of our new Dubai office.

Medaro Mining Sampled up to 2.58% Lithium Oxide and Provides Drill Program Update on Lac La Motte Lithium Property in Quebec

Retrieved on: 
Tuesday, August 23, 2022

The Lac La Motte Property is located in the prolific mining area of Abitibi, Quebec, 40 kilometers Northwest of the city of Val-dOr.

Key Points: 
  • The Lac La Motte Property is located in the prolific mining area of Abitibi, Quebec, 40 kilometers Northwest of the city of Val-dOr.
  • There are several active lithium prospects/mines located approximately 5 km to 20 km from the Property.
  • Historical Diamond Drilling in the 1950s on the Property has yielded results of over 1% lithium oxide in drill holes.
  • Medaro Mining is a lithium exploration company based in Vancouver, BC, which holds options on the Superb Lake lithium property located in Thunder Bay, Ontario, the Cyr South lithium property located in James Bay, Quebec and the Yurchison uranium property in Northern Saskatchewan.

Rio Silver Files Independent Technical Report

Retrieved on: 
Thursday, June 23, 2022

VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Rio Silver Inc. (Rio Silver or the Company) (TSX.V: RYO) (OTC: RYOOF), announced that it has filed, on SEDAR, an independent Technical Report (the Technical Report) prepared in accordance with National Instrument 43101 for the Niobamba Au-Ag Project in South Central Peru.

Key Points: 
  • VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) -- Rio Silver Inc. (Rio Silver or the Company) (TSX.V: RYO) (OTC: RYOOF), announced that it has filed, on SEDAR, an independent Technical Report (the Technical Report) prepared in accordance with National Instrument 43101 for the Niobamba Au-Ag Project in South Central Peru.
  • The report highlights the newly discovered gold rich zones identified by Company Geologists in 2012 2013.
  • Overall, the precious mineralization at the Niobamba Property shows a typical Andean epithermal system which hosts several host class orebodies in Peru.
  • Rio Silver is a resource company that has been selectively identifying and acquiring precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favorable precious metals bull market.

Medaro Mining Corp. to drill Lac La Motte Lithium Property

Retrieved on: 
Monday, June 13, 2022

Medaro has contracted Hebert to drill a series of NQ size diamond drill holes on lithium targets at Lac La Motte to test lithium showings on the property.

Key Points: 
  • Medaro has contracted Hebert to drill a series of NQ size diamond drill holes on lithium targets at Lac La Motte to test lithium showings on the property.
  • The Lac La Motte Property is located in the prolific mining area of Abitibi, Quebec, 40 kilometers Northwest of the city of Val-dOr.
  • Michael Mulberry, CEO of Medaro, stated, Medaro Mining is excited to drill the Lac La Motte property.
  • Medaro Mining is a lithium exploration company based in Vancouver, BC, which holds options on the Superb Lake lithium property located in Thunder Bay, Ontario, the Cyr South lithium property located in James Bay, Quebec and the Yurchison uranium property in Northern Saskatchewan.

Metals Creek Begins Mobilization of Drill Equipment to the Ogden Gold Project

Retrieved on: 
Thursday, September 9, 2021

Thunder Bay, Ontario--(Newsfile Corp. - September 9, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FRA:M1C1) (the "Company" or Metals Creek) is pleased to announce the Company has commenced mobilizing drill equipment to the Ogden Gold Project in Timmins, Ontario.

Key Points: 
  • Thunder Bay, Ontario--(Newsfile Corp. - September 9, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FRA:M1C1) (the "Company" or Metals Creek) is pleased to announce the Company has commenced mobilizing drill equipment to the Ogden Gold Project in Timmins, Ontario.
  • The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation ("Newmont"), with the Company serving as the operator.
  • The Ogden Gold Project covers 8 kilometers of the Porcupine Destor Fault, which is the key conduit for gold mineralization in the Timmins Gold camp.
  • In addition, Metals Creek has signed an agreement with Newmont, under which Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Metals Creek Initiates Exploration on the Ogden Gold Project

Retrieved on: 
Thursday, August 12, 2021

Thunder Bay Ontario--(Newsfile Corp. - August 12, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek), is pleased to announce the Company has commenced exploration activities at the Ogden Gold Project in Timmins, Ontario.

Key Points: 
  • Thunder Bay Ontario--(Newsfile Corp. - August 12, 2021) - Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or Metals Creek), is pleased to announce the Company has commenced exploration activities at the Ogden Gold Project in Timmins, Ontario.
  • Alexander (Sandy) Stares states, "The Metals Creek team is excited to restart exploration at the Ogden Gold Project.
  • The Ogden Gold Project covers 8 kilometers of the Porcupine Destor Fault, which is the key conduit for gold mineralization in the Timmins Gold camp.
  • In addition, Metals Creek has signed an agreement with Newmont, under which Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Mining District of Ontario.

Grande Portage Resources Adds Second Drill at the Herbert Gold Project in S.E. Alaska

Retrieved on: 
Wednesday, July 21, 2021

The Company is also pleased to announce that it has added another drill rig to accelerate its current drill program.

Key Points: 
  • The Company is also pleased to announce that it has added another drill rig to accelerate its current drill program.
  • Ian Klassen, Grande Portage's CEO remarked, "It is a very exciting time for Grande Portage and its shareholders as we accelerate the drill program at the Herbert Gold project.
  • Grande Portage Resources Ltd. is a publicly traded mineral exploration company focused on the Herbert Gold discovery situated approximately 25 km north of Juneau, Alaska.
  • The project lies prominently within the 160km long Juneau Gold Belt, which has produced over seven million ounces of gold.

A.I.S. Resources Continues Fast-tracking of Drilling Program at Toolleen, Yalgogrin and Kingston Australia

Retrieved on: 
Thursday, July 22, 2021

Resources Limited( TSX: AIS, OTCQB: AISSF ) (the Company or AIS)announces after successful financing it will soon start additional drilling at its highly prospective Australian properties at Toolleen, Yalgogrin and Kingston.

Key Points: 
  • Resources Limited( TSX: AIS, OTCQB: AISSF ) (the Company or AIS)announces after successful financing it will soon start additional drilling at its highly prospective Australian properties at Toolleen, Yalgogrin and Kingston.
  • Soil sampling will start in August once the heavy seasonal rains abate, followed by RC drilling to hone in on these structures.
  • Upon receipt of all results, an RC program will be planned to test the Walshs lode with infill drilling and extensions.
  • Details of the RC program will be finalized pending the results of the diamond drilling program.

Imperial Reports Red Chris Production and Exploration Update for 2021 Second Quarter

Retrieved on: 
Thursday, July 22, 2021

During the second quarter there were up to eight drill rigs in operation, completing 26 drill holes for a total of about 30,055 drilled metres.

Key Points: 
  • During the second quarter there were up to eight drill rigs in operation, completing 26 drill holes for a total of about 30,055 drilled metres.
  • Since the commencement of the Joint Venture in 2019, 137 drill holes totalling about 166,686 metres have been drilled.
  • Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release.
  • Red Chris samples for the 2021 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver.

Altiplano Commences Underground Drill Program at Farellon

Retrieved on: 
Tuesday, July 13, 2021

Edmonton, Alberta--(Newsfile Corp. - July 13, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce it has commenced a significant underground drill program at its Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

Key Points: 
  • Edmonton, Alberta--(Newsfile Corp. - July 13, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce it has commenced a significant underground drill program at its Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.
  • The Company's recently purchased diamond drill rig (See News release dated April 4, 2012) has arrived on site in preparation of a 6,000 m underground drilling campaign at Farellon.
  • This program is designed to assist with grade control within the mineralized zones and provide guidance for further underground advancement of the Hugo Decline.
  • The drilling stations will be established underground at three positions inside the historical Laura vein system decline located approximately 250 m south of Farellon (Figure 1).