Fayolle

Globex Receives Fayolle Quarterly Royalty Payment

Retrieved on: 
星期三, 三月 27, 2024
Fayolle, Geo, GMX, Toronto Stock Exchange, IAMGOLD, Mining

The deposit is being mined by the open pit method with the ore being transported to IAMGold’s Westwood mill.

Key Points: 
  • The deposit is being mined by the open pit method with the ore being transported to IAMGold’s Westwood mill.
  • Globex has just received the quarterly royalty payment for the October to December 2023 period.
  • This is the largest payment to date as the mining and processing of Fayolle’s gold/silver ore has ramped up.
  • Globex retains a 2% net smelter royalty on all mineral production from the Fayolle property.

Production Starts on Globex’s Gold Royalty Property

Retrieved on: 
星期二, 五月 30, 2023
GMX, Fayolle, Technical report, IAMGOLD, NSR, Iamgold, Geo, Gold, NI, Mining, Toronto Stock Exchange, Mineral resource estimation, Chicago Mercantile Exchange

Per information contained in the NI 43-101 Technical Report and Mineral Resource Estimate of the Fayolle Gold Project published by Monarch Gold in 2019, the Fayolle deposit has a Measured and Indicated Resource of 706,400 tonnes grading 4.89 g/t Au based upon a gold price of $1,300 per ounce.

Key Points: 
  • Per information contained in the NI 43-101 Technical Report and Mineral Resource Estimate of the Fayolle Gold Project published by Monarch Gold in 2019, the Fayolle deposit has a Measured and Indicated Resource of 706,400 tonnes grading 4.89 g/t Au based upon a gold price of $1,300 per ounce.
  • Globex is pleased that IAMGOLD has initiated mining on the property which Globex believes has significant additional exploration potential.
  • In addition to the 2% NSR on the Fayolle property, Globex has a 2% NSR on the adjoining Destorbelle Gold Property to the west and owns 100 percent the Victoria Gold property to the southeast and east both of which have gold mineralization in drill holes and/or in surface exposures.
  • This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.)

Monarch Gold Reports Results of New Mineral Resource Estimate for its Fayolle Gold Project

Retrieved on: 
星期二, 九月 10, 2019
Rouyn-Noranda, Economic geology, Mineral economics, Noranda, Xstrata, Mineral resource estimation, Fayolle, Mining, Geology, Primary sector of the economy

MONTREAL, Sept. 10, 2019 /PRNewswire/ - MONARCH GOLD CORPORATION ("Monarch" or the"Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide the results of a new mineral resource estimate for its Fayolle gold project, located 35 kilometres north east of Rouyn-Noranda, near its Camflo mill.

Key Points: 
  • MONTREAL, Sept. 10, 2019 /PRNewswire/ - MONARCH GOLD CORPORATION ("Monarch" or the"Corporation") (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide the results of a new mineral resource estimate for its Fayolle gold project, located 35 kilometres north east of Rouyn-Noranda, near its Camflo mill.
  • "As for Fayolle, these results confirm its near-surface high-grade gold resource, which was what we were looking for when we acquired the property.
  • The Fayolle mineral resource estimate was prepared considering a potential scenario combining pit-constrained and underground resources.
  • Tables 2 and 3 show the cut-off grade sensitivity analysis of the Fayolle mineral resource estimate for both scenarios.