Mineral Leasing Act of 1920

Callinex Announces High-Grade Copper Maiden Mineral Resource Estimate at its Pine Bay Project in Manitoba

Retrieved on: 
Monday, July 10, 2023

The inferred mineral resource in this resource estimate has a lower level of confidence than that applied to an indicated mineral resource and must not be converted to a mineral reserve.

Key Points: 
  • The inferred mineral resource in this resource estimate has a lower level of confidence than that applied to an indicated mineral resource and must not be converted to a mineral reserve.
  • It is reasonably expected that a majority of the inferred mineral resource could be upgraded to an indicated mineral resource with continued exploration.
  • Copper equivalent resources for the Pine Bay Project were calculated using the following metal prices: Cu at US$3.25/lb, Zn US$1.20/lb, Au at US$1,850/oz, Ag at US$22.50/oz.
  • The Pine Bay Project, consists of a group of 77 contiguous mineral claims (dispositions) and one Mineral Lease totaling 6,795 hectares.

Comstock Announces Mineral Exploration and Mining Lease Revenues

Retrieved on: 
Thursday, July 6, 2023

VIRGINIA CITY, Nev., July 06, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”), an innovator of technologies that enable systemic decarbonization, today announced that its wholly-owned subsidiary Comstock Northern Exploration, LLC has entered into a Mineral Exploration and Mining Lease Agreement (the “Mineral Lease”) with Mackay Precious Metals Inc. (“Mackay”), to lease the northernmost patented mining claims, mineral exploration rights and town lots (the “Northern Targets”) controlled by Comstock.

Key Points: 
  • VIRGINIA CITY, Nev., July 06, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”), an innovator of technologies that enable systemic decarbonization, today announced that its wholly-owned subsidiary Comstock Northern Exploration, LLC has entered into a Mineral Exploration and Mining Lease Agreement (the “Mineral Lease”) with Mackay Precious Metals Inc. (“Mackay”), to lease the northernmost patented mining claims, mineral exploration rights and town lots (the “Northern Targets”) controlled by Comstock.
  • The Northern Targets encompass both the Gold Hill and northern Occidental Lode claim groups in the historic, world-class, Comstock Mining District located in Storey County, Nevada.
  • “The ongoing revenue resulting from this agreement enhances our strategy to leverage physics based artificial intelligence to enable more efficient and effective mineral and materials discovery.”
    The Mineral Lease has a term of 20 years and would automatically continue once mine feasibility is established and for so long as Mackay is engaged in mining operations and in full compliance with the Mineral Lease.
  • Martyn Buttenshaw, Mackay’s chief executive officer said, “Our geologic team is excited and ready to commence mineral exploration and partnering with Comstock, both in terms of their existing knowledge and beyond.

Jones Walker Welcomes Energy Litigator William 'Bill' Sparks

Retrieved on: 
Wednesday, June 21, 2023

HOUSTON, June 21, 2023 /PRNewswire/ -- Jones Walker LLP is pleased to welcome William "Bill" Sparks as a partner in the firm's Litigation Practice Group.

Key Points: 
  • HOUSTON, June 21, 2023 /PRNewswire/ -- Jones Walker LLP is pleased to welcome William "Bill" Sparks as a partner in the firm's Litigation Practice Group.
  • Based in the firm's Houston office, Bill will be a member of the Energy, Environmental & Natural Resources Industry Team.
  • "His vast experience and deep understanding of energy litigation will be valuable to our clients in the energy sector."
  • Reflecting on his new role, Bill said, "I'm excited to join Jones Walker, a firm recognized for its excellent legal services in the energy sector.

Phenom Resources Provides Drilling Progress Report on its Nevada Projects

Retrieved on: 
Tuesday, September 21, 2021

The drill programs are planned and executed under the supervision of Dave Mathewson, renowned Carlin gold expert and mine finder.

Key Points: 
  • The drill programs are planned and executed under the supervision of Dave Mathewson, renowned Carlin gold expert and mine finder.
  • Each drill hole has demonstrated extensive lengths of elevated sulfides, brecciation/veining, silicification and dolomite alteration typical of a large-scale Carlin-type gold system.
  • The drilling confirms without a doubt that the IP chargeability anomaly is an expression of a persistent large-scale plume of elevated sulfides as was interpreted.
  • Phenom also has an option from Dave Mathewson to earn 100% in the AVP Property located in the Battle Mountain-Eureka trend of Nevada.