Geology | Jotup

SLAM CEO Talking About Mine Road Acquisition at PDAC

Retrieved on:

Monday, March 4, 2024

Diamond, Acquisition, Copper, Bathurst Mining Camp, Zinc, News, Geology, SLAM, Rail transport, Guide book, Lead, PDAC, Silver, Gravity anomaly, Road

Historic Mine Road Drilling: Diamond drill hole IL2014-003 cored a 9 metre interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad zone.

Key Points:

Historic Mine Road Drilling: Diamond drill hole IL2014-003 cored a 9 metre interval grading 14.51% zinc, 5.86% lead, 0.67% copper and 139.9 g/t silver on the Railroad zone.
Drill-Ready VMS Targets At Mine Road: The Railroad and Roche zones are open to test for potential extensions at depth and along strike.
Infrastructure: The Mine Road project is located on the Mine Road (Route 430) which connects the former Heath Steele mine to the city of Miramichi 60 kilometres to the southeast.
Mine Road Project: SLAM has acquired 3 additional mineral claims since acquisition of the Mine Road project.

Itronics Updates Investors - Announces Plan to Activate Auric Gold & Minerals, Inc.

Retrieved on:

Thursday, February 29, 2024

Itronics believes its subsidiaries, each based on their own unique Intellectual Property (IP) can generate interest from crowdfunding investors.

Key Points:

Itronics believes its subsidiaries, each based on their own unique Intellectual Property (IP) can generate interest from crowdfunding investors.
This timing is very opportunistic for Itronics due to forecasted increases in silver and gold prices for 2024 and future years.
Plan to Activate and Fund Auric Gold & Minerals, Inc.
Itronics owns a majority interest in Auric Gold & Minerals, Inc. (“Auric”) through its wholly owned Technical Services subsidiary Whitney & Whitney, Inc. Auric controls a large mineral land package consisting of 148 lode mining claims (almost 3,000 acres) called the Auric Fulstone Project in the Yerington Mining District near Yerington, Nevada.
Itronics believes that the steps being taken will produce a significant increase in value to its shareholders through its Auric ownership.

Ninepoint Partners Announces First Closing of Ninepoint 2024 Short Duration Flow-Through Limited Partnership

Retrieved on:

Wednesday, February 28, 2024

Prospectus, Investment, Mining, Partnership, Geology, Sprot, Unit, CIBC

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Québec Class (together, the “Units”) pursuant to a prospectus dated January 30, 2024.

Key Points:

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership (the “Partnership”) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Québec Class (together, the “Units”) pursuant to a prospectus dated January 30, 2024.
The Partnership issued 596,116 National Class Units and 184,485 Québec Class Units for aggregate gross proceeds of $19,515,025.
The Partnership will have a second closing in respect of the Units on or about March 27, 2024.
The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class on or before June 30, 2025 with such liquidity event not expected to occur before February 2025.

Arras Minerals Acquires the Highly Prospective “Tay” Porphyry Copper Target in Kazakhstan

Retrieved on:

Wednesday, February 28, 2024

ARK, Copper, Anomaly, Geology, News, CPG, KAZ Minerals, Arras, Radius, IP, American Institute, Rare-earth element

The license covers 118 square kilometres in northeastern Kazakhstan and is located within the Bozshakol-Chingiz magmatic arc, an under-explored emerging porphyry province.

Key Points:

The license covers 118 square kilometres in northeastern Kazakhstan and is located within the Bozshakol-Chingiz magmatic arc, an under-explored emerging porphyry province.
Tay is located 28 kilometres (“km”) to the north of the Bozshakol open pit copper-gold mine which is operated by Kaz Minerals.
Tay is 100% owned by Arras and is not included in the Teck-Arras Strategic Exploration Alliance announced on December 7, 2023.
Located 28 km north of the Kaz Minerals Bozshakol mine, a significant copper-gold operation with over one billion tonnes of reserves, producing 100,000+ tonnes of copper annually.

LIFT intersects 22 m at 1.05% Li2O at its Fi Southwest pegmatite, Yellowknife Lithium Project, NWT

Retrieved on:

Tuesday, February 27, 2024

Lithium, SVP, Geology, Echo, WB, EB

The Fi Southwest dyke was similarly impressive this week returning 22 m at 1.0% Li2O near to the surface.

Key Points:

The Fi Southwest dyke was similarly impressive this week returning 22 m at 1.0% Li2O near to the surface.
Figure 3 – Cross-section illustrating YLP-0199 with results as shown in the Fi Southwest pegmatite dyke with a 22 m interval of 1.05% Li2O.
The deepest of these three dykes returned 0.87% Li2O over 6 m that includes 2 m of 1.99% Li2O.
Significant assays were returned only from the EB dyke and includes composites of 0.74% Li2O over 11 m (including 1.48% Li2O over 4 m) and 0.54% Li2O over 12 m (with 1.44% Li2O over 3 m).

Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin

Retrieved on:

Tuesday, February 27, 2024

Acquisition, Uranium, Centennial, News, LCR, Geology, BLM, Dufferin, Dry lake, National instrument, Mineral, Operation, Uranium mining

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) (“Lancaster”), Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high impact mineral claims in the world-class Athabasca Basin.

Key Points:

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) (“Lancaster”), Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high impact mineral claims in the world-class Athabasca Basin.
The Catley Lake & Centennial East mineral claims are located immediately adjacent to Cameco’s Centennial deposit claim block in the south-central area of the Athabasca basin.
Lancaster is planning to progress exploration on the claims with new, modern technologies, to identify favourable geology, structures, and corridors that could host high concentrations of uranium.
Lancaster is continuing to build on our ability to develop and provide critical minerals with uranium to support our lithium projects."

Lavras Gold Corp. Chosen to Exhibit at PDAC Core Shack, March 3-4, Booth #3101A & Investors Exchange Booth 2831

Retrieved on:

Tuesday, February 27, 2024

CFO, Poppy seed, IEX, LGC, Fazenda, Geology, Conference, Gold, Metro, OTCQX

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF) (“Lavras” or the “Company”) is pleased to have been chosen to exhibit at the PDAC Conference Core Shack on Sunday March 3 and Monday March 4 at the Metro Toronto Convention Center.

Key Points:

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF) (“Lavras” or the “Company”) is pleased to have been chosen to exhibit at the PDAC Conference Core Shack on Sunday March 3 and Monday March 4 at the Metro Toronto Convention Center.
Lavras Gold encourages participants to stop by and chat with senior management and senior geologists and view core from the Fazenda do Posto discovery and from the Butiá deposit, two of the nine gold targets drilled at the LDS Project near the town of Lavras do Sul in the state of Rio Grande do Sul in southern Brazil.
Lavras Gold will also participate in the Investors Exchange at the conference (Booth #2831) from Sunday March 3 to Wednesday March 6 (please drop by to meet Lavras Gold’s Country Manager, Paulo Serpa and CFO, Hemdat Sawh) and the Precious Metals Summit PDAC 1:1 investor meetings on Monday March 4 and Tuesday March 5.
Lavras Gold, CEO, Michael Durose, will be presenting on Tuesday March 5 at 3:00pm in room 801B.

Newcore Gold Announces Addition of Omanpe Prospecting License and Completion of an Updated Environmental and Social Baseline Study at the Enchi Gold Project, Ghana

Retrieved on:

Tuesday, February 27, 2024

In addition, Newcore has completed an updated Environmental and Social Baseline Study for the Project (the "2023 Baseline Study" or the "Study"), an important milestone in continuing to de-risk and advance the Project towards production.

Key Points:

In addition, Newcore has completed an updated Environmental and Social Baseline Study for the Project (the "2023 Baseline Study" or the "Study"), an important milestone in continuing to de-risk and advance the Project towards production.
Previously completed exploration work at the Omanpe Gold Target ("Omanpe"), including geophysical and geochemical surveys, generated gold-in-soil anomalies, adding several early-stage gold targets to the district-scale potential at Enchi.
Completion of an updated environmental and social baseline study continues to de-risk and advance development of the Project.
Luke Alexander, President and CEO of Newcore stated, "We are excited to meaningfully increase the size of our Enchi Gold Project.

Great Pacific Gold Commences Drilling to Follow Up on Recent High-Grade Comet Discovery

Retrieved on:

Monday, February 26, 2024

News, Comet, RC, GPAC, Geology, Mining

VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that drilling has commenced to follow up on the Company’s recent high grade Comet gold discovery at the Lauriston Gold Project in Victoria, Australia.

Key Points:

VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: 4TU) is pleased to announce that drilling has commenced to follow up on the Company’s recent high grade Comet gold discovery at the Lauriston Gold Project in Victoria, Australia.
The discovery hole at Comet was drilled with a reverse circulation (RC) drill rig with the intercept assaying 8m at 106 g/t Gold including 5m at 166 g/t Gold including 2m at 413 g/t Gold including 1m at 468 g/t Gold and 1m at 358 g/t Gold (from 95 metres) (see GPAC news release dated January 11, 2024 for further details).
Comet, where the high-grade zone discovery hole was drilled, has epizonal characteristics of Au-As-Sb with geology similar to the Fosterville Mine deposit (see Figure 1).
This high-grade discovery is near the Comet Anticline that has been mapped in the area, which is a similar structural setting of the mineralization present at Fosterville.

American Lithium Files Robust PEA for Falchani Hard Rock Lithium Project with Highlights Including a Tripling of After-tax NPV8 to US$5.11 Billion

Retrieved on:

Monday, February 26, 2024

“This is a major milestone in the process to complete pre-feasibility and move the Project into mine permitting.

Key Points:

“This is a major milestone in the process to complete pre-feasibility and move the Project into mine permitting.
The filing of the Semi-Detailed Environmental Impact Assessment late last year also positions the Project to be fast-tracked.
American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas.
American Lithium was subsequently notified that INGEMMET and MINEM have filed petitions to the Supreme Court of Peru to assume jurisdiction in the proceedings.