Mineral economics

Silverton Metals Corp. Announces Appointment of Mining Contractor and Commencement of Activities to Safely Access Underground Workings at La Frazada Silver Project, Nayarit, Mexico

Retrieved on: 
Tuesday, May 18, 2021

The historical mineral estimate used "measured mineral resource", "indicated mineral resource" and "inferred mineral resource".

Key Points: 
  • The historical mineral estimate used "measured mineral resource", "indicated mineral resource" and "inferred mineral resource".
  • Accordingly, Silverton considers these historical estimates reliable as well as relevant as it represents a target for exploration work by Silverton.
  • The mineral resource estimate used a block model method with a cut-off grade of 80 g/t Ag, 0.75% Pb and 1% Zn.
  • The company holds a 100% interest in three significant silver assets in Mexico - Penasco Quemado in Sonora; La Frazada, Nayarit and Pluton, in Durango.

Rupert Resources Ltd. Announces Equity Financings Totalling C$42.4 Million

Retrieved on: 
Monday, May 17, 2021

Agnico Eagle have indicated their intention to participate in the private placement pro-rata their current shareholding in the Company.

Key Points: 
  • Agnico Eagle have indicated their intention to participate in the private placement pro-rata their current shareholding in the Company.
  • The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (\xe2\x80\x9cPahtavaara\xe2\x80\x9d).
  • This mineral resource estimate was calculated using the multiple indicator kriging method (MIK) and is classified as Inferred as defined by the CIM.
  • Mineral Resources do not include Mineral Reserves and do not have demonstrated economic viability.

New Pacific Reports Financial Results for the Three And Nine Months Ended March 31, 2021

Retrieved on: 
Friday, May 14, 2021

All forward-looking statements in this news release are qualified by these cautionary statements.

Key Points: 
  • All forward-looking statements in this news release are qualified by these cautionary statements.
  • However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.
  • Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
  • Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.

Liberty Gold Reports Q1 2021 Financial and Operating Results

Retrieved on: 
Thursday, May 13, 2021

There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.

Key Points: 
  • There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
  • United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves.
  • It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category.
  • Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility, pre-feasibility or other technical reports or studies, except in rare cases.

Bravada Begins In-fill and Exploration Drilling at the Wind Mountain Gold/Silver Project, Nevada; Updated Resource/PEA Planned Q1 2022

Retrieved on: 
Thursday, May 13, 2021

These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects.

Key Points: 
  • These are the Qualified Persons of the technical report for the purpose of Canadian NI 43-101, Standards of Disclosure for Economic Analyses of Mineral Projects.
  • Details of the PEA produced by Mine Development Associates (MDA) of Reno can be found on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012).
  • Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development.
  • Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately 6,500 ha in two of Nevada's most prolific gold trends.

Tanzanian Gold Corporation to Participate in Fireside Chat with Alliance Global Partners on Thursday, May 13th, 2021 at 10am EDT

Retrieved on: 
Wednesday, May 12, 2021

Measured Mineral Resource now stands at 19.98MT at 1.99g/t gold containing 1,281,161 ounces of gold and Indicated Mineral Resource now stand at 15.89MT at 1.48g/t gold containing 755,119 ounces of gold for a combined tonnage of 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold.

Key Points: 
  • Measured Mineral Resource now stands at 19.98MT at 1.99g/t gold containing 1,281,161 ounces of gold and Indicated Mineral Resource now stand at 15.89MT at 1.48g/t gold containing 755,119 ounces of gold for a combined tonnage of 35.88MT at 1.77g/t gold containing 2,036,280 ounces of gold.
  • The Buckreef Project also contains an Inferred Mineral Resource of 17.8MT at 1.11g/t gold for contained gold of 635,540 ounces of gold.
  • The Company is actively investigating and assessing multiple exploration targets on its property.
  • You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml\nThis press release contains certain forward-looking statements as defined in the applicable securities laws.

Grande Portage Resources Announces Updated Resource Estimate for Its Herbert Gold Project- 97% Increase for the Indicated Gold Category and 29% Increase for the Inferred Gold Category

Retrieved on: 
Wednesday, May 12, 2021

There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.

Key Points: 
  • There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves.
  • Tags were reserved and removed from the sequence in the boxes at this point and blanks and standards were inserted.
  • Blocks within 60 m of composites are considered Indicated Mineral Resources and blocks between 60 and 100 m are considered Inferred Mineral Resource.
  • The project lies prominently within the 160km long Juneau Gold Belt, which has produced nearly seven million ounces of gold.\n"

RETRANSMISSION: Ridgestone Releases Maiden Mineral Resource Estimate at Guadalupe y Calvo, Mexico

Retrieved on: 
Tuesday, May 11, 2021

The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.

Key Points: 
  • The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.
  • The quantity and grade of reported inferred Mineral Resources in this estimation are uncertain in nature \xe2\x80\x8eand there has been insufficient exploration to define these inferred Mineral Resources as an \xe2\x80\x8eindicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an \xe2\x80\x8eindicated or measured Mineral Resource category.\nThe resource was prepared by Marc Jutras, P.Eng.
  • The drilling was mainly focused on mineral resource definition by previous owners.
  • All forward-looking statements in this news release are expressly qualified in their entirety by these cautionary statements.

1844 Resources Announces Filing of NI 43-101 Technical Report for Its Native Copper Project

Retrieved on: 
Tuesday, May 11, 2021

The project is part of the Mont Alexandre syncline, associated with an important metallotect volcanic horizon portion of the Lake McKay Member, which lies within the greenstone belt present in the Gaspe Peninsula.

Key Points: 
  • The project is part of the Mont Alexandre syncline, associated with an important metallotect volcanic horizon portion of the Lake McKay Member, which lies within the greenstone belt present in the Gaspe Peninsula.
  • The property has returned values ranging from 0.15% Cu in drilling to 5.38% Cu.
  • The technical NI 43-101 of the property was commission to determine our exploratory and drilling plan for 2021-22.\nObservation of the mineralization on the Native Copper project indicates that it is similar to the native copper orebodies of the Keweenaw Peninsula.
  • Eng., OIQ # 31985\xc2\xa0 The Company\xe2\x80\x99s consultant is a qualified person (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.\nBernard-Olivier Martel, P. Geo, the Company's Director of Exploration, is a qualified person (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical disclosure contained in this news release.\n"

Sun Summit Drills 31.6 g/t Gold over 4.0 Metres Including 246 g/t Gold over 0.5 Metres in the Trench Zone and 1.07 g/t Gold over 109 Metres Including 7.17 g/t Gold over 5.2 Metres in the Horseshoe Zone; Buck Property, Central BC

Retrieved on: 
Tuesday, May 11, 2021

Drill core was sawn in half at Sun Summit\'s core logging and processing facility in Houston, B.C.

Key Points: 
  • 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.
  • Over limit gold (>10 ppm) was re-analyzed by fire assay using a gravimetric finish on a 30 gram sample.
  • a "Qualified Person" as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.