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CLIENT FEATURE: St. George Eco Mining $SX.ca: Using Hydrothermal Energy to Develop 100% Owned Iceland Gold Targets $NNX.ca $OM.ca $ICM.ca

Posted by AGORACOM-Eric at 9:32 AM on Wednesday, November 25th, 2020

Planning to Use Hydrothermal Energy to Drill Iceland Gold Targets

St-Georges Eco-Mining Corp. plans on reviving Iceland’s long-dormant gold mining industry by using its vast abundance of renewable energy to drill for gold.  St. George’s emphasis will be on making the most eco-friendly and socially responsible gold in the world.

  • St-Georges, is the only junior exploration company to own all the mineral rights of a western country
  • Controls all the active mineral tenures in Iceland
  • St-Georges plans to mine with robots, while the equipment and processing primarily will use electricity made from geothermal and hydro power by Landsvirkjun, the state-owned power company
  • Iceland is one of the countries with the highest ratio of green energy globally 

Thormodsdalur Project is the most advanced project in Iceland 

  •  Drilled a 124-meter-deep (407-foot-deep) hole in Thormodsdalur, outside Reykjavik, in September
  •  Drilling up to 1,000 meters or up to 25 new shallow holes on the Thor Gold project
  • Opportunity to extract epithermal gold with geothermal power 
  • Total area in excess of 4,600 km2 with 9 prospecting licences 
  • Mineralization bearing outcrops were identified and sampled and brought to St-Georges’ secure facilities in Reykjavik for petrographic analysis in October

Iceland Resources ehf ( 100% St. George Eco-Mining )

  • Controls all the active mineral tenures 
  • Including drill ready Thor Gold Project 
  • One of the countries with the highest ratio of green energy  
  • 100% renewable energy and zero carbon footprint. 

Mining In Iceland

  • St. George’s emphasis will be on making the most eco-friendly and socially responsible gold in the world
  • St. George’s anticipates Iceland’s gold to be sold with a premium.
  • St. George’s ideology is about making minimal disturbances to the ground.
  • Thormodsdalur have minimal visible activity when mining activity starts
  • St-Georges will use all the material extracted from the ground during the mining process
  • After the minerals are separated, the remainder would be used in building material and concrete.

FULL DISCLOSURE: St. George’s Eco-Mining is an advertising client of AGORA Internet Relations Corp.

St-Georges $SX.ca Discovers a New 80 Meters Long Gold Mineralized Zone at Thor Gold Project $NNX.ca $OM.ca $ICM.ca

Posted by AGORACOM-Eric at 8:48 AM on Monday, November 23rd, 2020
  • Interval contained gold mineralization averaging 0.24 g/t over 80 meters with gold grades ranging from 0.01 g/t up to 6.21 g/t.

Reykjavik – TheNewswire – November 23, 2020 -St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to disclose the results of the reverse circulation research hole TRC 20-01 authorised prior to the acquisition of Melmis EHF earlier this fall.

The 124m hole intersected a broad zone of low grade disseminated mineralization near surface. At depth of 41.5m the team intersected and confirmed with preliminary assays the existence of a thick interval that contained gold mineralization averaging 0.24 g/t over 80 meters with gold grades ranging from 0.01 g/t up to 6.21 g/t.

Within that zone a section of 9.9 meters averaged 0.7 g/t gold starting at 55 meters depth and included 2.1 meters of 1.67 g/t gold. A separate zone assayed 6.21 g/t over 0.3 meters at a depth of 98 meters.

The company is in the process of renting new facilities that will allow a streamlined sampling process. As soon as the installation is ready, all samples on 30cm intervals will be relogged and certain samples will be reanalyzed for gold and trace elements by independent laboratories in Dublin Ireland. Duplicate samples are a necessary protocol when gold values exceed one g/t gold in a known low sulfidation vein system with historic high-grade gold values. Trace element geochemistry may further assist in vectoring in on the better parts of the system. The company expects to conduct the next hole at an angle of 85? from the same location to confirm its hypothesis.

This initial hole was drilled between two previously known mineralized and drilled areas of the project. The purpose of the hole was to provide continuity of alteration and mineralization between these two zones. Additional holes are planned along strike and at depth as a follow-up of hole TRC 20-01. This RC hole was drilled at -45 degrees and azimuth 110?. Following the acquisition of Melmis, St-Georges is less restricted on the location and depth of future drilling.

Based on geological logging to date, mineralization is disseminated over a thicker interval and not limited to quartz veining which is the preferential host for high-grade gold elsewhere in the Thor system.

Based on the results from this recent hole, St-Georges geological team believes that we are looking at a strong hydrothermal system that is mineralized with gold over apparent broad widths currently more than 700 meters of strike.

Iceland Resources, St-Georges’ Iceland wholly owned subsidiary’s CEO, Thordis Bjork Sigurbjornsdottir, commented: “(…) We are very pleased with the preliminary results from our maiden hole within the project, we feel it supports our theory in regards of the geological settings and that the system could potentially prove to be expanded on a much larger surface than what was previously expected. These results are encouraging on our path to our first maiden resource. The team is evaluating next steps and is anticipating additional positive surprises with further work(…)”.

 Quality Control

Samples were collected in buckets then sealed and transported directly from the site to Iceland Resources’ secured warehouse facilities in Reykjavik by the SX geological team. The geological team sampled each bucket. The samples along with duplicate and Q/C blank samples were added to 2 shipments that traveled by plane to ALS Global Laboratories (ISO/IEC 17025 accredited) in Loughrea, Ireland. All samples were tested using four acid trace analysis (ME-ICP61).

About Thor Gold

The Thormodsdalur Gold Project is located about 20km east of the city center of Reykjavik and south-east of the Lake Hafravatn. The project was discovered in 1908. The property produced a gold concentrate from 1911 to 1925, which shipped to Germany for processing. Over 300 meters of tunnels explored and mined one or more quartz veins and wall rock below open cuts at the surface.

Studies between 1996 and 2013 identified the project mineralization as a low sulfidation system hosted by basic to intermediate flows of Pliocene to Miocene age. The host contains banded chalcedony and ginguro within a fault zone up to 5 meters in width. To date, the identified gold trend has a known strike length of 700 meters determined by drill intercepts. Petrographic analysis of the vein material identified gold occurring in its free form and as part of an assemblage with pyrite and chalcopyrite. Petrographic and XRD studies show an evolution of the vein system from the zeolite assemblage to quartz-adularia and lastly, to minor calcite.

Thirty-two holes have been drilled within the license area, for a total of 2439 meters excluding the 124 meters reverse circulation hole drilled by St-Georges in the Fall of 2020.Gold values vary from less than 0.5 g/t to a maximum of 415 g/t. (These values were obtained from selected random intervals and cannot be construed to be representative of any particular thickness or overall length.) Historically, the best intercepts from the diamond drilling are 33.5m of 8.0 g/t Au (true thickness) and 5.2m of 35.4 g/t Au (true thickness).

Gary McLearn, A professional geoscientist (Ontario APGO #2900) and an Independent Qualified Person as defined by National Instrument 43-101, has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.

The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. St-Georges’ director, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur T. Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON
President & CEO

About St-Georges

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. The Company controls all the active mineral tenures in Iceland. It also explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on the Quebec’s North Shore.

The Story of Tiffany & Co. SPONSOR: Arctic Star Exploration $ADD.ca $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 11:46 AM on Friday, November 20th, 2020
Arctic star logo

SPONSOR: Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program. CLICK HERE FOR MORE INFO

Iconic Tiffany & Co. is among the most recognizable brand names in the world and one of the most valuable retail jewelry companies. A 2015 brand survey ranked it as the 66th most valuable brand name in the world, with a brand value in excess of $6 billion. Surprisingly, however, the company did not get its start in jewelry nor was it even called Tiffany & Co. The company began operating in 1837 as Tiffany & Young, a stationary and fancy goods emporium in lower Manhattan founded by Charles Lewis Tiffany and John B. Young. It wasn’t until Charles Tiffany took control of the company in 1853 that he shortened the name to Tiffany & Company, and established the firm’s emphasis on diamond jewelry.

Charles Tiffany was born in 1812 in Killingly, Connecticut. At the age of 15, he began to manage a small general store started by his father. At the age of 25, with a loan of $1,000 he received from his father, he opened a store with his friend John Young, whose sister he was dating and would later marry. The pair developed a reputation for selling only the finest quality goods and specialized in Bohemian glass and porcelain. The company was changed to Tiffany, Young & Ellis in 1941 after they brought on a partner, J.L. Ellis. Unlike any other store in the 1930s, Tiffany would clearly mark a price on every item to avoid haggling over prices and give birth to the ‘price tag.’ Legend has it that after their first three days in business, the store had brought in just $4.94 in sales.

But the partners persevered, and by 1845 they would establish the first-ever mail order catalog in the United States, known as the “blue book.” Charles Tiffany would establish the color palate for his catalogue in the familiar Tiffany blue we know today. He would soon extend the same color scheme to all Tiffany marketing and packaging materials, later culminating in the immortal Tiffany Blue Box. Some believe that the robin-egg blue color was chosen because of the popularity of the turquoise gemstone as a wedding day memento in that era. Tiffany blue is now one of the very few trademarked colors in the world.

By 1848, the company would begin focusing more on jewelry, most of which was imported from Europe. John Young would have the good favor of being in Paris on a buying trip in 1848 at the height of France’s second revolution. Many wealthy nobles, who were desperate to flee Paris, sold their diamonds to him in large quantities at heavily discounted prices. He would return with the gems to America, and the company would shift its interests to diamonds and precious jewelry. Two years later, they would open a location in Paris at 79 Rue de Richelieu. Its presence in Paris allowed the firm to keep abreast of the latest trends from Europe. In 1851, after observing the popularity of silver jewelry in England, Charles Tiffany would adopt the standards of English silver, coining the term ‘sterling silver’ in the United States.

After buying control of the company in 1953, Tiffany would establish himself as one of the world’s pre-eminent jewelers. But as the American Civil War became a reality in the early 1860s, Tiffany recognized the demand for expensive jewelry was likely to wane. He shifted his focus towards supplying swords, medals and light armor for the war. His role as a designer and supplier of Civil War medals would not be forgotten after the war’s end. In 1877, he was commissioned to design a medal for the New York Police Department. Their “NY” logo design, would become immortalized when the New York Yankees Baseball team adopted it as their logo in 1909, and today it is one of the most valuable sports brands in the world. The company would later be asked by the US Navy to design a medal for a sailor or Marine who “in action involving actual conflict with the enemy, distinguishes himself conspicuously by gallantry and intrepidity at the risk of his life above and beyond the call of duty without detriment to his mission.” The design would become known as the Tiffany Cross Medal of Honor, and it has been awarded to 22 people.

The end of the war also permitted Charles Tiffany’s focus on diamonds to begin anew. By the 1870s, Tiffany would be known as the King of Diamonds, and his influence and buying power continued to grow. His innovative work won acclaim at international expositions (Paris 1878, 1884, 1889, 1900; Chicago 1893). In 1867, Tiffany & Co. won the Award of Merit at the Paris Exposition Universelle, the first time an American company had been so honored by a European jury.

In 1879, Tiffany acquired a 287-carat yellow diamond mined in South Africa two years earlier. He would entrust its cutting to a 23-year old gemologist who had just joined the company. The now famous Tiffany Yellow is an 82-facet cushion shape weighing 128.54 carats. In over 100 years, the stone is only known to have been worn by two women: Mrs. Sheldon Whitehouse at the 1957 Tiffany Ball and Aubrey Hepburn in 1961 in a publicity photo for the movie, Breakfast at Tiffany’s.

In 1886, frustrated by ring settings that covered all but the table of a diamond, Charles Tiffany himself designed a new clasp to allow more of each diamond’s brilliance to be seen. What soon became known as the Tiffany Setting, was a six-claw setting with minimal use of metal that would expose more of the diamond. It has been called the most “brilliant ring ever” and is now a universal term to describe any diamond mounted in a claw setting, Tiffany or not.

In 1887, Charles Tiffany successfully purchased about one third of the French crown jewels when they were sold off after the collapse of the Second French Empire. One of his buyers, Thomas Banks, was coincidentally in Paris at the time, and Tiffany became the single largest buyer during the sale, which further raised his prominence and influence among wealthy European society. He purchased several famous stones, including some depicted in artwork having been worn by Queen Elizabeth I and Napoleon.

By the time of his death in 1902 at the age of 90, Charles Tiffany had transformed a $1,000 investment into a $35 million dollar fortune. At the time, that represented 1/616th of the entire United States GNP.

SOURCE: https://www.ehudlaniado.com/home/index.php/news/entry/diamond-portraits-the-story-of-tiffany-co

A 998-Carat Diamond, the Fifth-Largest Ever, Discovered in Botswana SPONSOR: Arctic Star Exploration $ADD.ca $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 11:49 AM on Monday, November 16th, 2020
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SPONSOR: Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program. CLICK HERE FOR MORE INFO

Another week, another huge diamond discovered in Botswana. But “huge” might do this stone a disservice, as it’s actually one of the five largest ever unearthed.

Canadian miner Lucara Diamond Corp has just announced the recovery of a 998-carat high white diamond at its Karowe mine in the southern African nation. The diamond is clivage, meaning it will have to be broken down before it can be processed into polished stones.

Lucara found the massive stone—which measures 2.6 inches x 1.9 inches x 1.8 inches—from direct milling of ore sourced from the south lobe of the mine, according to a press release. It’s just the latest noteworthy diamond discovery at the mine this year. Just in 2020 alone, Karowe has produced 31 diamonds greater than 100 carats, of which 10 are greater than 200 carats and two are greater than 500 carats. The other 500-plus carat stone is a 549-carat diamond named Sethynya that Lucara recently sold to Louis Vuitton.

Even before these recent discoveries, Karowe already had a reputation of producing giant stones. In 2015, the company found a 1,109-carat Lesedi La Rona which sold for $53 million, and shortly after that a 813-carat Constellation stone that went for $63 million, according to Bloomberg. And last year, the Lucara found a 1,758-carat—the second biggest on the planet—which it also sold to Louis Vuitton in February of this year.

“Lucara is extremely pleased with the continued recovery of large high-quality diamonds from the South Lobe of the Karowe mine,” CEO Eira Thomas said in a statement. “To recover two 500-plus carat diamonds in 10 months along with the many other high-quality diamonds across all the size ranges is a testament to the unique aspect of the resource at Karowe and the mine’s ability to recover these large and rare diamonds.”

It remains to be seen what will happen to the diamond now. Lucara did not immediately respond to a request for comment from Robb Report, but did say in the press release that it is evaluating potential steps forward with its cutting and polishing partner, HB Antwerp.

SOURCE: https://www.yahoo.com/lifestyle/998-carat-diamond-fifth-largest-223000002.html

This Supersized Purple-Pink Diamond Just Sold for a Record-Breaking $26.6 Million SPONSOR: Arctic Star Exploration $ADD.ca $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 10:27 AM on Friday, November 13th, 2020
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Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program for 2020. CLICK HERE FOR MORE INFO

One bidder really got into the spirit at Sotheby’s latest auction. A 14.83-carat fancy vivid type IIA purple-pink diamond, nicknamed “The Spirit of the Rose,” sold for a staggering $26.6 million and set a new auction record in the process.

The coveted rock hit the block at Sotheby’s “Magnificent Jewels and Noble Jewels” sale in Geneva on Wednesday and was snapped up by an anonymous buyer, who placed the winning bid over the phone. The gem, which was the largest of its kind to come to auction, failed to reach its high estimate of $38 million yet still set a record auction price for a purple-pink gem, according to Sotheby’s.

Of course, this is no ordinary ice. The sheer size and flawless internal structure of “The Spirit of the Rose” renders her quite unique. In fact, 99 percent of pink diamonds are under 10 carats. The stone was cut from the largest pink rough ever mined in Russia. “Nijinsky,” which was named after a ballet featuring dancer Vaslav Nijinsky, was unearthed by the Alrosa mine from the Ebelyakh deposit in the Republic of Sakha (Yakutia) in the northeast of the country back in 2017. It weighed an incredible 27.85 carats before it was cut.

“The Spirit of the Rose” auction.  Sotheby’s/The Image Gate

The painstaking cutting process took a full year to complete before the diamond could even be polished. The work was carried out at Alrosa’s factory in Moscow. The finished product sold in Geneva represented Russia’s most expensive diamond, according to Alrosa.

“The Spirit of the Rose caught the imagination of everyone who had the chance to see it,” Benoit Repellin, Head of Sotheby’s Geneva ‘Magnificent Jewels’ auction, said in a press release. “It fully deserves the price achieved tonight, which is also a testament to the growing appreciation, and awareness of the great scarcity of pink diamonds around the world.”

Sotheby’s “The Spirit of the Rose” Purple-Pink Diamond.  Courtesy of Sotheby’s

Indeed, once the Argyle Mine, the largest supplier of high-quality pink diamonds, closes for good this year, these stones will become even more limited and even more prized. In fact, they’re already skyrocketing in value and being eyed by collectors for their ROI potential.

So far, Sotheby’s “Magnificent Jewels and Noble Jewels” sale has realized roughly $52.2 million and continues today with online auctions.

SOURCE: https://robbreport.com/style/jewelry/massive-purple-pink-diamond-sells-for-record-breaking-price-sothebys-1234581023/

Gold Miner $SX.ca Wants to Use Iceland’s Renewable Energy to Drill SPONSOR: St George Eco Mining $NNX.ca $OM.ca $ICM.ca

Posted by AGORACOM-Eric at 9:05 AM on Thursday, November 12th, 2020

SPONSOR: St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. St. George controls all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region

  • St-Georges Eco-Mining holds all exploration licenses in nation
  • CEO says the ‘green gold’ should command a premium price

Exploration in Tröllaskagi (Troll’s peninsula) North Iceland. Source: Iceland Resources

Canadian explorer St-Georges Eco-Mining Corp. wants to revive Iceland’s long-dormant gold mining industry by drawing on the Nordic nation’s abundance of renewable energy.

The Montreal-based miner finished drilling a 124-meter-deep (407-foot-deep) hole in Thormodsdalur, outside Reykjavik, in September and may publish the results this month. Previous drilling cores indicated gold quantities of as much as 415 grams per ton there, though more research is needed to determine the size of the deposit, Chief Executive Officer Vilhjalmur Thor Vilhjalmsson said in an interview.

If the veins are big enough, St-Georges plans to mine with robots, while the equipment and processing primarily will use electricity made from geothermal and hydro power by Landsvirkjun, the state-owned power company. The moves come after gold hit a record in August and is up more than 20% this year.

“Our emphasis will be on making the most eco-friendly and socially responsible gold in the world,” Vilhjalmsson said. “We foresee that our gold would be sold with a premium.”

In an environment as pristine as Iceland’s, the potential for gold mines to pop up may trigger alarms among the island’s 364,000 residents, given the industry’s reputation for polluting and scarring the landscape. But Vilhjalmsson says his operation will be different.

“Our ideology is about making minimal disturbances to the ground,” he said. “In Thormodsdalur, you will hardly see it when mining activity starts.”

St-Georges will use all the material extracted from the ground during the mining process, Vilhjalmsson said. After the minerals are separated, the remainder would be used in building material and concrete.

Experimental Mining

The Canadian miner holds all exploration licenses for gold in Iceland after acquiring local corporation Melmi Ehf last month. Melmi owned the majority interest in the Thor Gold Project in Thormodsdalur, about 20 kilometers (12 miles) east of the capital.

Vilhjalmsson, 45, previously worked on mining projects in Greenland and Africa. He is optimistic that experimental mining in Iceland will start this decade, and he expects to spend almost 500 million Icelandic kronur ($3.6 million) on research during the next few years.

“We anticipate that by using the green energy Iceland offers, our production will be more cost-efficient than if we’d use fossil fuels,” he said. “We are in the process of doing a proof of concept for our model, and we hope it will be applicable to mining sites around the world.”

The company holds exploration permits for gold, silver and copper in three locations in Iceland and has applied for 11 more licenses. The Thormodsdalur endeavor will be funded through debt and private placement on the Canadian Securities Exchange.

The explorer’s shares have declined 25% so far this year, for a market value of C$10.4 million ($8 million).

‘Green Gold’

Grant Sporre, a senior analyst for metals and mining at Bloomberg Intelligence, said he is skeptical about the market opportunity since there’s no universal standard for what qualifies as “green gold.”

“It will be a while before any investors see a return on the Icelandic gold explorations component of their business,” he said.

Gold digging in Iceland started at the beginning of the 20th century. The Thormodsdalur site was discovered in 1905, and four years later the poet and entrepreneur Einar Benediktsson formed a mining company with investors from Norway, Britain and Germany.

The property produced a gold concentrate from 1911 to 1925 that was shipped to Germany for processing, but then the market faded away.

Interested renewed in 1989 after two Icelandic geologists, including Hjalti Franzson, studied the presence of gold in geothermal systems in New Zealand and Japan. That triggered local research funded by the Icelandic government. “There is enough gold in the ground here,” said Thorvaldur Thordarson, a professor in volcanology and petrology at the University of Iceland. “In Iceland, it’s perhaps not as concentrated in one place.

SOURCE: https://www.bloomberg.com/news/articles/2020-11-11/thor-s-gold-miner-will-use-iceland-s-renewable-energy-to-drill

Beauce Gold Fields $BGF.ca Extends Trenching East of St-Gustave Road at the Starting Point of the 1960s Gold Dredging Operation $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM-Eric at 10:18 AM on Friday, November 6th, 2020
https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564646/hub/Beauce.png

Montreal, Quebec–(Newsfile Corp. – November 6, 2020) – Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce) (“BGF”), is pleased to announce that the Company has completed nine more trenches east of St-Gustave road around the site that was once the starting point of the 1960s gold dredging operation on the Company’s Beauce gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “The St-Gustave zone was the site of the largest placer gold dredging operation in eastern North America.” Mr. Levasseur further states, “We are the first exploration company to sample this historic gold anomaly.”

Figure 1. Location of St-Gustave Trenches and path of Yuba Dredge

https://orders.newsfilecorp.com/files/6198/67629_1b8e5cde44935b9f_001full.jpg


Figure 2. Aerial View of Lima Electric Dragline and Yuba Dredge 1962

https://orders.newsfilecorp.com/files/6198/67629_1b8e5cde44935b9f_002full.jpg

Active from 1958 to 1964, the Beauce Placer Company was the only major placer gold mining operation in eastern North America. To mine the deposit, the Company purchased a floating Yuba dredging plant. The four storey high, 800-ton dredge was dismantled in Idaho and transported in 25 train cars to the Beauce region. It was then assembled and floated in a dredge pit south of the Gilbert river just East of Rang St-Gustave road, around the site where BGF is currently trenching. A Lima Electric Dragline was used to strip the glacial till overburden. The Yuba dredged southward the placer gold channel from the pit to the middle of the Rang Chaussegros property.

Reference to the historical placer gold deposit does not comply with the CIM reporting standards National Instrument 43-101 for mineral resources or reserves and should not be relied upon. While the Company considers historical estimates and the calculated Gold Exploration Target* for the entire historical placer channel to be relevant to investors as it may indicate the presence of mineralization, the Company is not treating these historical estimates as a current mineral resource.

SHARES FOR DEBTS

In accordance with the agreement between BGF and Agora Internet Relations Corp., entered into on August 1, 2020 for the term ending July 31, 2021, BGF board has approved the issuance of 86,923 common shares at a deemed price of $0.13 per share to pay $11,300 for services rendered during the period ending October 31, 2020. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The Company’s flagship property is the St-Simon-les-Mines Gold project site of Canada’s first gold rush that pre-dates the Yukon Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s. It produced the largest gold nuggets in Canadian mining history (50oz to 71oz).

Comprising 152 contiguous claims and seven real estate lots, the project area contains a six kilometer long placer channel consisting of an unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

*Source: Beauce July 4th 2018[43-101 Report

The Company has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel.

Beauce Gold Fields website: www.beaucegold.com

Rare Flawless Diamond Found in Canadian Mine Fetches $20.9M at Auction SPONSOR: Arctic Star $ADD.ca $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 10:26 AM on Thursday, October 8th, 2020
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Arctic Star Exploration is currently exploiting the Diagras Diamond Property, NWT. Adjoined by both Diavik and Ekati Mines, Arctic has combined known data on Diagras with modern Gravity and EM geophysical survey techniques to delineate viable Kimberlite targets. Arctic Star is currently preparing a drill program for 2020. CLICK HERE FOR MORE INFO

  • The 102.39-carat stone went to an unnamed telephone bidder for HK$122 million, or nearly $20.9 million in Canadian money.

HONG KONG, CHINA — An exceedingly rare 102-carat flawless white diamond sold for nearly $20.9 million at an online auction in Hong Kong on Monday evening.

Described as “completely flawless” by auctioneer Sotheby’s, the 102.39-carat stone went to an unnamed telephone bidder for HK$122 million in an auction held online because of the coronavirus pandemic.

“The buyer of this diamond has bagged a bargain,” said Tobias Kormind, managing director of online jeweller 77 Diamonds.

During a time of economic uncertainty, he said, “savvy investors are currently falling over themselves to acquire alternative safe haven assets like diamonds, property and gold”.

Only seven other white diamonds bigger than 100 carats and of the same quality have ever gone under the hammer.

The stone was sold without a reserve price, meaning the diamond went to the highest bidder and did not need to meet a minimum threshold, the first time in auction history that a diamond of this calibre has been offered that way.

The tactic can be risky but can also generate a buzz that sellers hope will elevate the final price.

In this case, the seller’s move was “a brave decision that has come back to bite them”, according to Kormind.

Originally a 271-carat rough stone, the gem was discovered in the now-closed Victor Mine in northern Ontario in 2018.

“(The) diamond is the best of the best when it comes to exceptional white diamonds and it is difficult to overstate its rarity and beauty,” said Sotheby’s worldwide jewellery chairman Gary Schuler ahead of the sale.

In November 2017, the largest diamond ever presented at auction, with more than 163.41 carats, sold in Geneva for more than $33.8 million, fees and commissions included — a global record in this category.

But it is not a record overall for a diamond: in April 2017, the giant “Pink Star” pink diamond sold for $71.2 million at a Sotheby’s auction in Hong Kong.

SOURCE: https://www.ctvnews.ca/lifestyle/rare-flawless-diamond-found-in-canadian-mine-fetches-20-9m-at-auction-1.5133057

CLIENT FEATURE – The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer $ADD.ca $RIO $DIAM.ca $NAR.ca

Posted by AGORACOM-Eric at 2:53 PM on Friday, October 2nd, 2020

The 3 Reasons Why Arctic Star Is A World Class, Small Cap Diamond Explorer

Arctic Star Exploration (ADD:TSXV / ASDZF:OTCQB / 82A1.F:FRA) is in the diamond finding business.

The Company owns 100% of its flagship Timantti Diamond Project in Finland, where Arctic Star has discovered three diamondiferous kimberlites that may represent the first finds in a large kimberlite field. If you don’t know what a kimberlite is, keep drilling down and see below because this is truly exciting.

The project is located on the same geological belt as the Grib Diamond Mine in Russia, just 450 kms away. The Grib mine is one of the largest diamond mines in the world and was discovered by a team led by Arctic Star Director Roy Spencer.  Keep drilling down to see more about him.

For those investors who have a little more experience and find themselves asking Why Finland? You should know that Finland was ranked as the World’s #2 mining jurisdiction in the world by the Fraser Institute 2020. In addition to its flagship project in Finland, the Company also controls diamond exploration properties in Nunavut (Stein) and the Northwest Territories of Canada (Diagras and Redemption).

But the real secret of Arctic Star is that it has tremendous potential to revolutionize the way in which Diamonds are discovered – and become a pioneer in the exploration industry – by finding diamonds in a place where no previous explorer has thought to do so. More than just a wild theory, Arctic Star has the team to back it up.

Here are the 3 things you need to know

1. World Class Diamond Finders

Arctic Star exploration has a highly experienced diamond exploration team previously responsible for numerous world class diamond mine discoveries.  The team is led by Buddy Doyle who originally discovered Diavik Mine, Canada’s largest diamond mine in terms of carat production. Diavik’s exceptional grades make it one of the most valuable diamond mines in the world.  Diavik is located in the Northwest Territories of Canada, where Arctic Star has 2 of their diamond properties.

Few geologists have seen 2 projects from discovery through to decision to mine. Mr. Doyle is recognized by his peers in the exploration industry as an authority on diamond exploration and kimberlite geology, and has authored/co-authored numerous papers on these subjects. He was awarded the 2007 Hugo Dummitt Award for excellence in Diamond exploration.

Roy Spencer – If that wasn’t enough, the geologist who discovered the multi-billion-dollar Grib Diamond Mine in Russia (see above). which is just 450 KMs away from Arctic Star’s project in Finland, has now joined Arctic’s Board of Directors!  Clearly, the Arctic Star team has the credibility necessary to put forth a new thesis on how to find diamonds. 

 2. Brand New Exploration Model To Find Diamonds 

In order to find diamonds, you need to first find Kimberlites. What are Kimberlites? Essentially, they are the rocks which contain diamonds. These kimberlite rocks are found underground in vertical structures known as kimberlite pipes. To illustrate in simple terms, see this basic image of a kimberlite pipe with kimberlite rocks inside of it.  

Kimberlite pipes are the biggest source of diamonds today. When exploration companies go looking for kimberlites, the industry standard for finding them is to look for magnetic signatures. This is done by taking a magnetic survey from the air and/or ground. with a device called a magnetometer.  Now, most of you won’t understand what you are looking at – but here is an example of one of the company’s magnetic surveys on its Canadian Diagras property.

The most important thing to understand is that the industry looks for magnetic signatures ….. but Buddy Doyle and the accomplished Arctic Star team have developed a NON MAGNETIC THESIS.  They believe they will find economic diamonds by locating Kimberlite that do not have a magnetic signature where previous explores sought not to look. Arctic in a sense is exploring for diamonds the opposite way the industry traditionally does. Arctic acquired property big mining company’s dropped, because they looked at them one way. Arctic is looking differently and success is occurring quickly for this small, yet accomplished exploration outfit. There are already multiple drill ready targets in 2 countries using this new way of looking for diamonds.

Arctic offers multiple opportunities in 2 countries to turn the Diamond Industry on notice with a discovery.

3. Arctic Star Has Two Diamond Projects Ready To Verify Its Non-Magnetic Theory

Arctic has 2 diamond projects on which to verify its theory: Diagras in Northwest Territories of Canada and Timantti in Finland, where early exploration searching for Non-Magnetic signatures has already yielded multiple new diamond target

A.  Diagras is next to Diavik (Canada’s largest diamond mine) and is drill ready to prove Buddy’s theory. Arctic has plans to drill in 2020

B. Timantti in Finland has 3 separate target areas and 6 targets altogether identified through non-magnetic signatures as a means to find diamonds and further excel Buddy’s theory, it is the company’s goal to drill test in 2020

If Buddy Doyle and the Arctic Star team are correct it will create a new discovery process for understanding how diamonds are brought to surface in areas previous explorers cared not to look. Arctic Star has the potential to create multiple discoveries and copycat companies trying to duplicate their success.

However, there is only one Buddy Doyle and Roy Spencer, which is why Arctic Star is the one Diamond Exploration Company every investor should be aware of.

Click Here To Discover Why Arctic Star Is The Next Diamond Discovery

Beauce Gold Fields $BGF.ca Pays off Property Mortgage in Full and Buys Back NSR on Company’s Historical Placer Gold Deposit $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca

Posted by AGORACOM-Eric at 3:17 PM on Wednesday, September 30th, 2020
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Montreal, Quebec–(Newsfile Corp. – September 30, 2020) – Beauce Gold Fields (Champs D’Or en Beauce) (TSXV: BGF), (“BGF”), is pleased to announce that the Company has paid in full the principal and interest on a mortgage for 176 acres of real estate and bought back a 1.5% Net Smelter Royalty (NSR) held over the historical placer gold deposit in the municipality of Saint-Simon-les-Mines in the Beauce region of Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “The reimbursement of the mortgage represents a significant savings to shareholders. Moreover, with respect to the NSR, our predecessor company (Uragold) was granted certificates of authorization in 2013 for trial mining a section of the placer gold channel. In the event of a potential mining operation, the NSR we purchased will represent another significant saving as well.”

Placer Channel & Fault Line

To view an enhanced version of this graphic, please visit:
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Reference to the historical placer gold deposit does not comply with the CIM reporting standards National Instrument 43-101 for mineral resources or reserves and should not be relied upon. While the Company considers historical estimates and the calculated Gold Exploration Target* for the entire historical placer channel to be relevant to investors as it may indicate the presence of mineralization, the Company is not treating these historical estimates as a current mineral resource.

During December 2018, the Company signed a real estate mortgage of $180,000, secured by the land with a net carrying amount of $204,346, bearing interest at compound rate of 18 % annually. On September 4, 2020, the Company reimbursed principal and interest.

The Company also had assumed the payment to a third party of a royalty of 1.5% of which, at the option of the company, 1% was redeemable for an amount of $1,000,000. The 1.5% royalty will be redeemed by the Company from the holder thereof by means of the issuance of 700,000 common shares of its capital stock representing the redemption price of $108,500. This transaction is subject to the TSX Venture Exchange approval

Modification To Stock Option Plan

Beauce Gold Fields Inc. announces that its Board of Directors has approved the modification of the total number of shares that may be issued pursuant to its stock option plan, increasing it by 1,480,000 shares from 1,900,000 shares to 3,380,000 shares and, as a result, the consolidation of its current stock options plan into the new 2020 stock options plan. The maximum number of common of shares that may be issued under the plan shall be equivalent to less than 10% of the issued and outstanding common shares of the Corporation. The modification is subject to regulatory approval and TSX Venture Exchange approval.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The Company’s flagship property is the St-Simon-les-Mines Gold project site of Canada’s first gold rush that pre-dates the Yukon Klondike. The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s. It produced the largest gold nuggets in Canadian mining history (50oz to 71oz).

Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six kilometer long placer channel consisting of an unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite. The Company has calculated a Gold Exploration Target for the entire historical placer channel ranges between 61,000 ounces (2,200,000 m3 @ 0.87g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).

*Source: Beauce July 4th 2018[43-101 Report.

The Company has identified a major Fault Line that coincides with an interpreted fault structure across the property. Evidence suggests the erosion of the Fault Line as a probable source of the historical placer gold channel.

Beauce Gold Fields website www.beaucegold.com