Techno-economic assessment

EQS-News: Goldshore Resources: New resource estimate comes to 6 million ounces of gold!

Retrieved on: 
Tuesday, May 9, 2023

Goldshore Resources: New resource estimate comes to 6 million ounces of gold!

Key Points: 
  • Goldshore Resources: New resource estimate comes to 6 million ounces of gold!
  • In the process, the resource (open pit and underground) of the Moss deposit increased from 4.17 million ounces of gold contained in 121.7 million tonnes of ore (November 2022) to now 5.42 million ounces averaging 1.03 g/t gold contained in 163.6 million tonnes of ore!
  • In addition, the tonnage of the higher-grade shear zone area increased by 63% compared to the November 2022 resource estimate, and the contained ounces increased by 68%.
  • As a result, this higher-grade portion of the resource alone now contains 3.35 million ounces of the yellow metal at an average of 1.84 g/t gold!

OROCO ANNOUNCES SANTO TOMAS MINERAL RESOURCE ESTIMATE

Retrieved on: 
Wednesday, May 3, 2023

SRK has completed the geological modeling and mineral resource estimate using Seequent Leapfrog Geo and Leapfrog Edge, respectively.

Key Points: 
  • SRK has completed the geological modeling and mineral resource estimate using Seequent Leapfrog Geo and Leapfrog Edge, respectively.
  • In particular, the quantity and grade of reported inferred mineral resources are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral resource.
  • It is uncertain in all cases whether further exploration will result in upgrading the inferred mineral resources to an indicated or measured mineral resource category.
  • The NI 43-101 report will include detailed information on the key assumptions, parameters and methods used to estimate the mineral resources.

Atlas Lithium Receives US$ 20,000,000 in Non-Dilutive Funding via a Royalty Transaction

Retrieved on: 
Tuesday, May 2, 2023

Belo Horizonte, Brazil--(Newsfile Corp. - May 2, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company") is pleased to announce that the Company sold a 3.0% Gross Overriding Revenue royalty to Lithium Royalty Corp. ("LRC") (TSX: LIRC) in exchange for an upfront cash consideration of US$ 20,000,000 (the "Transaction") received today. These funds will expedite the development of Atlas Lithium's world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil. LRC is widely considered the premier lithium-focused royalty company and recently completed a highly successful initial public offering. This Transaction is the largest lithium royalty deal in Brazil to date and underscores the quality of Atlas Lithium's mineral assets. The details of the Transaction can be found in the Current Report on Form 8-K which was filed with the Securities and Exchange Commission today.

Key Points: 
  • These funds will expedite the development of Atlas Lithium's world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil.
  • This Transaction is the largest lithium royalty deal in Brazil to date and underscores the quality of Atlas Lithium's mineral assets.
  • Marc Fogassa, Atlas Lithium's Chairman and Chief Executive Officer commented: "This is a landmark transaction for Atlas Lithium.
  • Mr. Ernie Ortiz, the President and CEO of LRC, is one of the most experienced lithium investors in the world.

Atlas Lithium Receives US$ 20,000,000 in Non-Dilutive Funding via a Royalty Transaction

Retrieved on: 
Tuesday, May 2, 2023

These funds will expedite the development of Atlas Lithium's world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil.

Key Points: 
  • These funds will expedite the development of Atlas Lithium's world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil.
  • This Transaction is the largest lithium royalty deal in Brazil to date and underscores the quality of Atlas Lithium's mineral assets.
  • Marc Fogassa, Atlas Lithium's Chairman and Chief Executive Officer commented: "This is a landmark transaction for Atlas Lithium.
  • Mr. Ernie Ortiz, the President and CEO of LRC, is one of the most experienced lithium investors in the world.

Tartisan Nickel Corp. Closes the Gross Revenue Royalty, Kenbridge Nickel Project, Northwestern Ontario

Retrieved on: 
Thursday, April 27, 2023

Mark Appleby, CEO of Tartisan Nickel Corp. states, "Electric Royalties has a growing portfolio of 21 royalties, including two royalties that currently generate revenue.

Key Points: 
  • Mark Appleby, CEO of Tartisan Nickel Corp. states, "Electric Royalties has a growing portfolio of 21 royalties, including two royalties that currently generate revenue.
  • We look forward to our partnership with Electric Royalties as Tartisan Nickel Corp. enters the advanced exploration, feasibility & project development stage."
  • 1 Technical report titled "Preliminary Economic Assessment of the Kenbridge Nickel Project, Kenora, Ontario" with an effective date of July 6, 2022, available under Tartisan Nickel Corp.'s profile on Sedar.com .
  • 2 Technical report titled "Preliminary Economic Assessment of the Kenbridge Nickel Project, Kenora, Ontario" with an effective date of July 6, 2022, available under Tartisan Nickel Corp.'s profile on Sedar.com .

First Mining Initiates Exploration Drilling Program at its Duparquet Gold Project in the Abitibi Region of Quebec

Retrieved on: 
Thursday, April 20, 2023

VANCOUVER, BC, April 20, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FSE: FMG) is pleased to announce that it has commenced mobilization, through its wholly-owned subsidiary, Mines d'Or Duparquet Inc. (Duparquet Gold Mines Inc.), on an initial 5,000 metre exploration drilling program at its Duparquet Gold Project (the "Duparquet Project") located in the Abitibi Region of Quebec.

Key Points: 
  • VANCOUVER, BC, April 20, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FSE: FMG) is pleased to announce that it has commenced mobilization, through its wholly-owned subsidiary, Mines d'Or Duparquet Inc. (Duparquet Gold Mines Inc.), on an initial 5,000 metre exploration drilling program at its Duparquet Gold Project (the "Duparquet Project") located in the Abitibi Region of Quebec.
  • "We are very excited to commence this important foundational drilling program at our recently consolidated Duparquet Gold Project, located in a premier mining jurisdiction of Quebec" stated Dan Wilton, CEO of First Mining.
  • First opportunity for First Mining to unlock resource growth and exploration potential in its recently consolidated land tenure at the Duparquet Project.
  • "A modern geoscience compilation and modelling program identifies an exceptional gold system and exploration opportunity at the Duparquet Gold Project" stated James Maxwell, Vice President of Exploration for First Mining.

Strategic Resources Closes Reverse Takeover of BlackRock Metals

Retrieved on: 
Friday, March 31, 2023

The proposed project will have 329 kt of annual pig iron and 4.6 kt of annual FeV80 production over a 20-year mine life, as described in the PEA.

Key Points: 
  • The proposed project will have 329 kt of annual pig iron and 4.6 kt of annual FeV80 production over a 20-year mine life, as described in the PEA.
  • In conjunction with the Transaction:
    Strategic consolidated its 44,833,038 outstanding shares on a six-for-one basis to 7,472,173 shares;
    Strategic acquired all of the outstanding shares of BlackRock from the BlackRock shareholders in exchange for 46,666,667 shares of Strategic (on a post-consolidation basis), such that BlackRock is now a wholly-owned subsidiary of Strategic.
  • Each subscription receipt automatically converted to one common share of the Company on closing of the Company's acquisition of BlackRock.
  • Certain officers, directors and other insiders of Strategic participated in the Receipt Offering.

Creation of 'Lithium OPEC' Underway in South America as EV Demand Surges Worldwide

Retrieved on: 
Thursday, March 30, 2023

VANCOUVER, B.C., March 30, 2023 /PRNewswire/ -- USA News Group - Thanks to the Lithium Triangle and a new mine coming online in Brazil, South America is set to become to lithium what the Middle East is to petroleum. Discussion surrounding the creation of a so-called "Lithium OPEC" is underway between Argentina, Chile, Bolivia, and Brazil, with the group potentially set to emulate similar strategies of OPEC, according to a group of Argentinian representatives at the annual PDAC Convention held in Toronto in March 2023. With the three Lithium Triangle countries (Argentina, Chile, Bolivia) making up more than 60% of the world's known lithium resources, it's clear why there's been a race to secure lithium assets in the region. Several miners are making huge strides in South America's lithium scene, including Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Livent Corporation (NYSE:LTHM), Allkem Limited (TSX:AKE) (OTC:OROCF), Lithium Americas, and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • So far the evaluation of the HMN Li Project has progressed significantly, including a Preliminary Economic Assessment (PEA) completed in April 2019.
  • This assessment was based on an original Tramo claim that covered 383 hectares of the project's initial claims.
  • "Sal de Vida construction is well underway, and James Bay is advancing with approvals received by the federal government for the ESIA.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Creation of 'Lithium OPEC' Underway in South America as EV Demand Surges Worldwide

Retrieved on: 
Thursday, March 30, 2023

VANCOUVER, B.C., March 30, 2023 /PRNewswire/ -- USA News Group - Thanks to the Lithium Triangle and a new mine coming online in Brazil, South America is set to become to lithium what the Middle East is to petroleum. Discussion surrounding the creation of a so-called "Lithium OPEC" is underway between Argentina, Chile, Bolivia, and Brazil, with the group potentially set to emulate similar strategies of OPEC, according to a group of Argentinian representatives at the annual PDAC Convention held in Toronto in March 2023. With the three Lithium Triangle countries (Argentina, Chile, Bolivia) making up more than 60% of the world's known lithium resources, it's clear why there's been a race to secure lithium assets in the region. Several miners are making huge strides in South America's lithium scene, including Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Livent Corporation (NYSE:LTHM), Allkem Limited (TSX:AKE) (OTC:OROCF), Lithium Americas, and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • So far the evaluation of the HMN Li Project has progressed significantly, including a Preliminary Economic Assessment (PEA) completed in April 2019.
  • This assessment was based on an original Tramo claim that covered 383 hectares of the project's initial claims.
  • "Sal de Vida construction is well underway, and James Bay is advancing with approvals received by the federal government for the ESIA.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

First Mining Announces Year-End 2022 Financial Results and Operating Highlights

Retrieved on: 
Thursday, March 30, 2023

VANCOUVER, BC, March 30, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its fourth quarter and annual financial results for the year ended December 31, 2022.

Key Points: 
  • VANCOUVER, BC, March 30, 2023 /PRNewswire/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its fourth quarter and annual financial results for the year ended December 31, 2022.
  • "Our achievements in 2022 highlights a transformative year for First Mining as we acquired a second flagship asset and demonstrated hidden value in our asset portfolio," stated Dan Wilton, CEO of First Mining.
  • In addition, First Mining continued its environmental baseline data collection at Springpole and has commenced environmental data collection at the Duparquet Gold Project.
  • First Mining has also initiated a Preliminary Economic Assessment ("PEA") on the Duparquet project and expects to have that completed in H2 2023.