SRK

Bessor Announces Entering Option for the Easter Gold Project

Retrieved on: 
Thursday, April 4, 2024
Indian stock exchange, Leapfrog, National Instrument 43-101, SRK, Silver, Mineral Resources Limited, Corporation, Option, Gold, National instrument, Technical report, CIM, Contract management, Uranium mining

The grade shell was used to constrain the resource estimation within a block model constructed with 15ft cubic blocks.

Key Points: 
  • The grade shell was used to constrain the resource estimation within a block model constructed with 15ft cubic blocks.
  • We are excited to move forward with the Easter Gold Project as it met all of our key criteria: an advanced exploration asset with a historical resource estimate, in a top jurisdiction, and a pathway to grow with further drilling.”
    Pursuant to the Option Agreement, in order to earn a 60% interest in the Easter Gold Project, Bessor must spend $5,000,000 on work at the Easter Gold Project, deliver 5,000,000 common shares in the capital of Bessor (“Common Shares”) to K2 and pay a total amount of $1,800,000 to K2.
  • The first-year requirement is $400,000 cash, 2,500,000 Common Shares and $1,000,000 of work performed on the Easter Gold Project (commenced only), with the balance of the earn-in requirements spread over another 3 years.
  • The work obligations and cash and Common Share payments that are payable by Bessor to K2 under the Option Agreement are set out below:

Aura Reports Updated Mineral Reserves and Mineral Resources

Retrieved on: 
Tuesday, April 2, 2024
QA/QC, OP, PGO, GHZ, Independent, Confederation, KGEO, Copper, Sale, G&A, Geology, Disclosure, Investment, Quality assurance, LOM, Marketing, Jacobs Solutions, Silver, Aura Minerals, Technical, Arsenic, Quality control, Feasibility study, Measurement, Anomaly, NW, GEO, Technical report, MRMR, Qualified person (European Union), Federal Road, Municipality, Radius, Mineral Resources Limited, TSX, XMobots Apoena, Dowdell, Soil, ROAD, Net smelter return, Mining, HLP, SRK, Growth, EPP, Gold, Metal, NSR, Table, Life, Call, Consultant, Resource, Uranium mining

The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.

Key Points: 
  • The charts below show changes in P&P Mineral Reserves, M&I Mineral Resources and Inferred Mineral Resources for the Aranzazu Mine as of December 31, 2023 compared to December 31, 2022.
  • The charts below show changes in P&P Mineral Reserves Estimates, M&I Mineral Resources Estimates and Inferred Mineral Resources Estimates for Apoena as of December 31, 2023, compared to December 31, 2022.
  • Mineral Reserves estimated by Aura total approximately 34.5 Mt in P&P Mineral Reserves at an average grade of 0.50 g/t Au.
  • Borborema also showcases a strong Mineral Reserve base, with Probable Mineral Reserves of 812,000 oz gold, and an extensive Mineral Resource profile with strong growth potential that consists of 2,077 koz of indicated Mineral Resources and 393 koz of Inferred Mineral Resources.

Kharmagtai Water Supply Drilling Program Recommences

Retrieved on: 
Wednesday, March 27, 2024
Water supply, SRK, Growth, Hydrology, Mineral Resources Limited, ZUK, Disclosure, XAM, Data, ASX, Groundwater, Permeability, TSX, SABC, Rio Tinto, Water, PFS, Stage 2, Mining, Tunnel

Water supply is a core input to the study; a key driver to maximise processing throughput for the project.

Key Points: 
  • Water supply is a core input to the study; a key driver to maximise processing throughput for the project.
  • We are confident in this field program and aim to demonstrate that, to a PFS standard, there is an adequate supply of water for Kharmagtai, to ensure its successful delivery as Mongolia’s next major copper-gold mine in the south Gobi region of Mongolia.”
    The hydrological program has six key objectives to provide water supply for Kharmagtai operations.
  • The Kharmagtai PFS seeks to maximise water recycling through the use of industry best practices including efficient process design, modern tailings dam design and thickened tailings to reduce water loss.
  • The order of monitoring bore drilling will change as the field program progresses, including progress of production bore drilling.

Canadian North Resources Reports Substantial Increase of Copper, Nickel, Cobalt, Palladium and Platinum NI 43-101 Compliant Mineral Resources for its 100% owned Ferguson Lake Project in Canada

Retrieved on: 
Tuesday, March 19, 2024
Leapfrog, Technical report, National Instrument 43-101, SRK, PGO, Ferguson Lake, Mineral Resources Limited, Classification, Gold, Copper, News, Strike, NSR, Security (finance), National instrument, Palladium, Mineral, Nickel, Rhodium, NI 43-101, Platinum, CIM, PGM, Cobalt, Resource, Uranium mining

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce an updated Mineral Resource estimate (Table 1) for its 100% owned Ferguson Lake base metal (copper, nickel, cobalt) and platinum group metal (“PGM”, mainly palladium and platinum) project in Nunavut, Canada.

Key Points: 
  • This new Mineral Resource Estimate has demonstrated the project is one of the largest and highest-grade undeveloped critical mineral projects in North America.
  • The Mineral Resources for the Ferguson Lake Project were estimated using Leapfrog Edge™ software.
  • Open pit Mineral Resources are reported at a NSR cut-off value of US$33.00 and underground mineral resources are reported at a NSR cut-off value of US$96.00.
  • The 2022 Mineral Resource Estimate considered recoveries derived from hydrometallurgical testworks to produce the metal products of copper, nickel, cobalt, palladium and platinum.

Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Report for its Costerfield Operation

Retrieved on: 
Thursday, March 28, 2024
Technical report, SRK, Technical, Mineral resource estimation, National instrument, TSX, Mineral, Qualified person (European Union), Proprietary company, Cryptocurrency

TORONTO, March 28, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces that it has filed its Annual Information Form ("AIF") for the year ended December 31, 2023.

Key Points: 
  • TORONTO, March 28, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces that it has filed its Annual Information Form ("AIF") for the year ended December 31, 2023.
  • The AIF can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mandalayresources.com .
  • Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report ("NI 43-101") in respect of Costerfield gold-antimony mine in Australia.
  • The Technical Report can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mandalayresources.com .

Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Report for its Costerfield Operation

Retrieved on: 
Thursday, March 28, 2024
Technical report, The Company, SRK, Technical, Mineral resource estimation, National instrument, TSX, Mineral, Qualified person (European Union), Proprietary company, Cryptocurrency

TORONTO, March 28, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces that it has filed its Annual Information Form ("AIF") for the year ended December 31, 2023.

Key Points: 
  • TORONTO, March 28, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces that it has filed its Annual Information Form ("AIF") for the year ended December 31, 2023.
  • The AIF can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mandalayresources.com .
  • Mandalay has also filed an updated National Instrument 43-101 compliant Technical Report ("NI 43-101") in respect of Costerfield gold-antimony mine in Australia.
  • The Technical Report can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mandalayresources.com .

Mandalay Resources Provides 2023 Year-End Mineral Reserves and Resources Update for the Costerfield Mine, alongside an Interim Mineral Reserves Update for the Björkdal Mine

Retrieved on: 
Thursday, February 22, 2024
SRK, Technical report, CoG, Mining, Antimony, Resource, Qualified person (European Union), Increment, Commodity, Vein, Gold, Mineral Resources Limited, Cuffley, SLR, Longevity, Mineral, Life, SLR Consulting

Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.

Key Points: 
  • Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.
  • In re-estimating the underground Interim Mineral Reserves at Björkdal Mine, a gold price of US$1,800 /oz has been used.
  • A slightly more conservative stope CoG of 1.00 g/t has been used for estimating interim Mineral Reserves.
  • A summary of the Interim Mineral Reserves estimates for the Björkdal underground and open pit mines, including Norrberget, are presented below in Table 3.

Mandalay Resources Provides 2023 Year-End Mineral Reserves and Resources Update for the Costerfield Mine, alongside an Interim Mineral Reserves Update for the Björkdal Mine

Retrieved on: 
Thursday, February 22, 2024
SRK, Technical report, CoG, Mining, Antimony, Resource, Qualified person (European Union), Increment, Commodity, Vein, Gold, Mineral Resources Limited, Cuffley, SLR, Longevity, Mineral, Life, SLR Consulting

Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.

Key Points: 
  • Owing to the longevity of the Björkdal Mine and consistency of Mineral Resources replacement, Mandalay chose not to complete and report a full 2023 year end Mineral Resources and Mineral Reserves estimate reported in Q1 2024.
  • In re-estimating the underground Interim Mineral Reserves at Björkdal Mine, a gold price of US$1,800 /oz has been used.
  • A slightly more conservative stope CoG of 1.00 g/t has been used for estimating interim Mineral Reserves.
  • A summary of the Interim Mineral Reserves estimates for the Björkdal underground and open pit mines, including Norrberget, are presented below in Table 3.

Defense Metals Updates Metallurgical Test Work and Preliminary Feasibility Study Progress for its Wicheeda Rare Earth Elements Project

Retrieved on: 
Tuesday, February 13, 2024
SRK, Engineering, Metallurgy, PFS, Lanthanum oxide, Technical report, Mining, Forest Highway, Biophysical environment, News, McLeod Lake, Defense, SMC, West Central Railway zone, Environmental impact assessment, CAD, REE, SGS, Columbia, Agent handling, Consultant, First Nations, Cerium(IV) oxide, Neodymium(III) oxide, Rare-earth element

The field-based geotechnical, geochemical and environmental test work required for the PFS has been completed and lab-based studies are in progress.

Key Points: 
  • The field-based geotechnical, geochemical and environmental test work required for the PFS has been completed and lab-based studies are in progress.
  • Eleven mixed rare earth precipitate samples from the hydrometallurgical test work have been sent to potential partners, processors or end-users.
  • Over the past 5 years, Defense Metals drilled 58 core holes totalling 12,073 metres (m; ~39,610 feet) to define the Wicheeda Rare Earth Element (REE) deposit and provide samples for metallurgical test work.
  • From 2018 to date, about CAD$5 million has been spent on metallurgical test work and the development of the metallurgical flowsheets for the Wicheeda REE Project.

Proposed Fundraising

Retrieved on: 
Monday, February 12, 2024
SRK, Engineering, EIA, Copper, Nickel, Nanoq, Weather, Mining, Mineral, Social impact assessment, Resource, ESG, Titanium, AIM, GCAM, Nasdaq First North, Halyard, Growth, Metal, Gold, National instrument, Acceleration, Graphite, Environmental impact assessment, Feasibility study, KT, Cryptocurrency

The Dolerite Dyke Model: Amaroq has worked with SRK Consulting to develop a robust Mineral Resource estimation technique for Nalunaq.

Key Points: 
  • The Dolerite Dyke Model: Amaroq has worked with SRK Consulting to develop a robust Mineral Resource estimation technique for Nalunaq.
  • Preparation for a phased ramp-up to 300 tonnes per day process plant design capacity will continue throughout the year.
  • The main initiative is accelerating development of the Target Block which will undergo trial mining in conjunction with the Mountain Block.
  • The net use of proceeds from the Fundraising will be used to fund the accelerated development of the Target Block, infrastructure investment to allow for the mining of two blocks simultaneously, preparatory works at the South & Valley Blocks, installation of the flotation circuit and DSTF, and accelerated exploration at Vagar/Nanoq and the Gardaq joint venture.