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Cross River Ventures $CRVC $CSRVF District Scale Gold Discovery Potential in Red Lake, Ontario

Posted by AGORACOM-Eric at 4:43 PM on Thursday, December 16th, 2021

Cross River Ventures is focused on the development of top tier exploration properties in the premier mining district of Red Lake Ontario exploring for gold, and for several good reasons.

The Red Lake Mining jurisdiction hosts one of the largest mineral rich greenstone belt on the planet that has produced 200 million ounces of gold in over 100 years of mining. This includes a total gold endowment exceeding 300million ounces with over 124 mines and 21 plus deposits with more than 3 million ounces each.

Cross River hosts 7 Projects (over 28,000-hectares) within the prolific greenstone belts of NW Ontario, Canada which host the most productive gold deposits in the world.

This is where Cross River is targeting gold for discovery potential.

Armed with a world class technical team led by Dr. Rob Carpenter, who was the CEO of Kaminak,     ( acquired by Goldcorp for CDN $520 million), know how to plan and execute a exploration program designed specifically to make a discovery.

Cross Rivers Flagship McVicar Property is just one of the properties they are targeting for discovery. Situated close to the 3.8m Oz Springpole deposit controlled by First Mining Gold Corp. ( FF.TO ) it hosts 2 mineralized trends that are parallel to one another and include new surface discoveries of gold, as well as previous sampling of high grade with numerous results greater than 500g/t gold.

McVicar is ready to be fully explored and drill permits for the property have been issued for multiple target areas delineated via modern geophysics.

The recent driver of attention to the Red Lake area is the takeover of Great Bear Resources by Kinross Gold Corp. under which Kinross has agreed to acquire all of the outstanding common shares of the Red Lake explorer for C$29.00 per share, approximately $1.8-billion and being done without a resource calculation. This is primarily due to the excellent nature of their drill results.

The peer takeover speaks to the attractiveness of discovery potential and quality of the mining jurisdiction. Cross River is in the right neighborhood to make a discovery, at the right time in the market, and when attention in the area has never been greater.

Sit back and enjoy this great interview with Cross River Venture CEO Alex Klenman as he walks us through their objective to make a discovery equal to their peers in the Red Lake Mining District.

Candente Copper $DNT.ca Provides Update for Ausenco Conceptual Desk Top Study on Cañariaco Norte $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 8:27 AM on Monday, April 19th, 2021
  • Ausenco Update for Conceptual Desk Top Study on Cañariaco Norte

Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that the Desk Top Conceptual Study (“Study”) that is being conducted by Ausenco is advancing well. The mandate of the study is to identify opportunities for Cañariaco Norte to be built as a smaller higher grade project with a lower initial capital expenditure (“CapEx”) and accelerated payback period.

In addition to seeking a higher copper grade for the starter pit, we are investigating other opportunities to lower the CapEx and operational expenditures (“OpEx”) and consider better environmental, social and governance (“ESG”) practices.  All of the Desk Top work considers the potential for expansion into a larger project over time.

“While the work has taken up more time than we initially anticipated, the opportunities already identified by Ausenco to improve the project are well worth the wait.” says Joanne Freeze, President and CEO. “A more comprehensive Desk Top Study will allow the Company to follow it with a preliminary economic assessment (“PEA”) on the best possible project and we are already seeing detailed optimizations that should make substantial improvements to the project”.

Work to date has focused on:

  1. Geometallurgical modelling which identifies both a wider range of metal contents in the different rock types and a wider range of metal recoveries to concentrate from the various rock types.  Combining these two aspects allows the forecast of concentrate quality followed by production that offers more flexibility and the ability to plan mine scheduling to optimize project value.  
  2. The identification of current markets for our unique copper concentrate which indicate higher potential revenues due to a decrease in treatment costs.

For more details about the Study, please see News Release No. 127 (dated February 25th, 2021): https://www.candentecopper.com/news-releases/news-releases/2021/ausenco-engaged-for-desk-top-studies-on-canariaco-norte-higher-grade-project.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/759279-candente-copper-provides-update-for-ausenco-conceptual-desk-top-study-on-ca-ariaco-norte/messages/2312533#message

AGORACOM Small Cap 60: Candente Copper $DNT.ca 9 Billion Pounds Copper, 2 Million Ounces Gold, 54 Million Ounces Silver $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 1:28 AM on Tuesday, March 30th, 2021
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Candente Copper $DNT.ca Engages Yaku for Environmental Assessment and Protection at Canariaco Copper Deposit $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 8:29 AM on Thursday, March 18th, 2021
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  • Engaged to conduct and continue previous baseline studies at the Cañariaco Project
  • 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources

Candente Copper Corp. (TSX: DNT, BVL: DNT) (“Candente Copper”, “the Company”) is pleased to announce that Yaku Consultores (“Yaku”) has been engaged to conduct and continue previous baseline studies at the Cañariaco Project located in Northern Peru. The work will be part of environmental impact studies and habitat protection for all exploration phases of permitting including drilling and also for the community and regional stakeholders.  

“We are excited to be moving the Cañariaco project forward with Yaku’s environmental work and new engineering studies underway by Ausenco. Timing couldn’t be better as Cañariaco has been identified by both Goldman Sachs and Deutche Bank as one of the top copper projects needed to supply the upcoming supply-demand shortage for copper,” says Joanne Freeze, President and CEO, Candente Copper.

Yaku is comprised of a team of highly experienced professionals focused on providing quality environmental and social consulting services. These services contribute to the sustainable development of the environment and exceed regulations.

Candente Copper has recently obtained the respective authorizations from SERFOR and PRODUCE (Peruvian authorities for National Forest and Wildlife Services and the Ministry of Production) to conduct new monitoring of Water Quality, Air Quality, Noise Levels and Biology, Wild Flora and Fauna and Hydrobiology. Yaku has begun collecting new data within the project area which will add significantly to the studies that Candente Copper has been conducting such since 2004.

Given the difficult situation for the community with the COVID-19 epidemic, the company is also collaborating with local health facilities to assist in the protection and care of citizens in the area surrounding Cañariaco. To date, the Company has assisted with PPE supplies and the operation of emergency health equipment.

About Candente Copper

Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.  

Please see https://www.candentecopper.com/investors/presentations for details from previous resource and engineering studies which delineated 9B lbs copper, 2M oz gold and 54M oz silver in: Measured and Indicated Resources of 752.4 million tonnes grading 0.45% copper, 0.07 grams per tonne (“g/t”) gold and 1.9 g/t silver (0.52% Cu equivalent) containing 7.533 B lb Cu, 1.67 M oz Au and 45.24 M oz Ag and Inferred Resources of 157.7 million tonnes grading 0.44% copper, 0.06 g/t gold and 1.8 g/t silver containing 1.434 B lb Cu, 0.3M oz Au and 8.932 M oz Ag.

VIDEO – Candente Copper $DNT.ca Thriving As $4 Copper Fuels Commodities Bull $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-JC at 4:27 PM on Friday, March 12th, 2021
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TSX listed Candente Copper owns Canariaco Norte, a large, economic copper deposit in Peru that just took a step closer to a becoming a mine.

Cañariaco is a 100% owned feasibility-stage porphyry copper deposit containing 7.5B pounds Measured and Indicated and can be mined for 22 years once in production. Oh, and Canariaco Norte is in the lowest quartile of production costs for projects waiting to be developed at around 0.98c per pound of copper.

If that doesnt have your attention, Goldman Sachs has it ranked as one of the top 80 projects waiting to be developed worldwide. This is a deposit itching to become a mine and Candente is very close to achieving this remarkable feat.

With the price of copper firmly above $4 dollars, the economics supporting Canariaco going into production only gets stronger.and initiates unlocking the ultimate potential of the Canariaco Norte deposit.

Watch this great interview with Candente CEO Joanne Freeze as she explains the move toward production and its significance to the copper markets.

Candente Copper $DNT.ca Engages Ausenco for Desk Top Studies on Cañariaco Norte Higher Grade Copper Project $CDG.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 8:30 AM on Thursday, February 25th, 2021
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Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that it has engaged Ausenco Engineering Canada Inc. (“Ausenco”) to conduct Desk Top Studies to identify and define a smaller, higher grade, start up option for Cañariaco with a smaller initial capital expenditure (“CapEx”) and accelerated payback period. This study is expected to take 4 to 6 weeks to complete.

Assuming favourable results from the Desk Top Studies the Company would look to move into a Preliminary Economic Assessment (“PEA”) on the Revised Project Concept which would be expected to take approximately 4 months to complete. The Company is fully funded for both levels of studies. (for more details please see News Release No. 126 dated February 22nd, 2021).

Ausenco is globally recognised for providing consulting, project delivery, and asset operations services to the international mining sector including high performance copper processing and infrastructure projects. Ausenco has a 30-year track record in delivering specialized end-to-end solutions which are proven to lower capital and operating costs, reduce construction time and improve plant efficiencies.

Ausenco’s project experience ranges from small conceptual studies for new developments through to the construction of large scale minerals processing facilities. In Peru, Ausenco’s experience includes providing Engineering, Procurement and Construction Management services to design, construct, and commission the 25 million tonnes per year concentrator and associated infrastructure for the Constancia Copper Molybdenum Project owned by Hudbay.

Furthermore, Ausenco is currently in the final stages of providing Engineering, Procurement and Construction Management services to design, construct, and commission two processing facilities that will process 6 million tonnes per year of copper sulfide ore and 12 million tonnes per year of oxide ore via solvent extraction and oxide leaching facility (along with associated infrastructure) for the Mina Justa project owned by Marcobre S.A.C. (controlled by Minsur S.A.).

Recently, Mantos Copper Holding has engaged Ausenco for the engineering, procurement and construction (EPC) the 30,000 tonne per day copper concentrator plant and related infrastructure at the Mantoverde Development Project in Chile.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/756063-ausenco-engaged-for-desk-top-studies-on-ca-ariaco-norte-higher-grade-project/messages/2305341#message

Candente Copper $DNT Corporate Update and Engineering Study Proposals Under Evaluation For Canariaco Copper Deposit $CDG.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 9:01 AM on Monday, February 22nd, 2021
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  • Engineering studies to identify and define various value add options for the development of the Cañariaco Project.
  • First goal is to define/identify a smaller, higher grade, start up option for Cañariaco with a smaller CapEx and accelerated payback period

Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper”, “Company”) is pleased to announce that it has received and is reviewing proposals from two internationally acclaimed engineering firms for engineering studies to identify and define various value add options for the development of the Cañariaco Project.

The first goal of the engineering study is to define/identify a smaller, higher grade, start up option for Cañariaco with a smaller initial capital expenditure (“CapEx”) and accelerated payback period. This is expected to be able to be permitted and financed to production more quickly than the larger option. The intention would be that once the development capital is paid back, the smaller operation could then be expanded to fully recognize the value of the large copper-gold resource that exists at Cañariaco.

The second goal is to explore other potential options with a mind to establish both cost efficiencies and environmental, social and governance (“ESG”) friendly development options. Current industry wide ESG initiatives and responsible investing is driving innovation in environmentally friendly, sustainable development and finance products. This innovation has been accelerated by the COVID-19 pandemic and increased urgency around the 17 UN Sustainable Development Goals, resulting in many new development options to consider now.

Read More: https://agoracom.com/ir/CandenteCopper/forums/discussion/topics/755788-corporate-update-and-engineering-study-proposals-under-evaluation/messages/2304699#message

Industry Bulletin: Another #Commodity Supercycle Is Coming — This Time Driven By Renewable Energy and EVs SPONSOR: @Candente Copper $CDG.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 9:00 AM on Monday, February 1st, 2021
  • Candente owns Cañariaco Norte, a large, economic, copper ore body in Peru
  • 100% owned feasibility-stage porphyry copper deposit; a single, contiguous, open-pit mineable deposit of:
  • 7.5B pounds Measured and Indicated and can be mined for 22 years once in production.
  • Once in production Canariaco is in the lowest quartile of production costs for projects waiting to be developed.
  • Operating costs of US$0.988 per pound of copper
  • Capable of generating annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd).

  • The transition to an electrified clean energy economy is going to result in a monumental draw on metals and minerals from the earth’s crust
  • The new energy transition hardware requires earthly resources — metals and minerals — which are suddenly escalating in price

Prices of copper, nickel, cobalt, platinum and rare earth elements are all inflating as electric vehicles and the wider electrification trend starts pulling on constrained resources. Photo by Getty Images/Bloomberg/Reuters

Like many in the energy business, I marvel at how fast the cost of producing renewable power, LED light bulbs and lithium-ion batteries has fallen over the past decade. Depending on what’s being measured, some costs are down by more than 90 per cent.

Should we assume these downward-trending cost curves are sustainable? And will this type of cost reduction be applicable to other emerging clean energy devices?

Based on advances in technology and more efficient manufacturing processes, the short answer is a qualified yes. Yet, we shouldn’t be blinded by the glow of the new economy — things like data science, process engineering, robotics and advanced materials — which, to date, have been the principal drivers for achieving these cost reductions.

Much of the new energy transition hardware requires earthly resources — metals and minerals — which are suddenly escalating in price

From the shadows, we are now seeing that the old economy isn’t so old after all. Much of the new energy transition hardware requires earthly resources — metals and minerals — which are suddenly escalating in price.

Prices of copper, nickel, cobalt, platinum and rare earth elements are all inflating as electric vehicles and the wider electrification trend starts pulling on constrained resources. For example, nickel prices just closed shy of a five-year high, copper is up 30 per cent from pre-COVID levels, and cobalt has jumped 25 per cent in value in 2021 alone.

I should note that the solar industry’s achievements are often quoted as a template to how fast clean energy costs can come down. But let’s be careful. Made from silicon, the most plentiful element in the earth’s crust (think sand), solar panels don’t have a resource constraint problem. Many of the vital metals and minerals needed to electrify transport and other industrial segments of our economy don’t enjoy t

There are now dozens of electric vehicle manufacturers at various stages of development around the world. Tesla Inc. is the leader, of course. Volkswagen AG is going all-in, and General Motors Co. is expected to accelerate from a trot to a gallop by mid-decade. Upstart companies are collectively raising billions of dollars to roll out new models. Expectations for EV sales are at high voltage, and now those expectations are zapping the resource sector. No wonder some investment analysts speak about a forthcoming “commodity supercycle.”

Consider the scale of what’s happening.

Tesla sold just shy of 500,000 vehicles last year. It’s an impressive number, but — in a world of a billion-plus cars — it’s still de minimis. At Tesla’s current rate of sales, it would take over 2,000 years to replace the world’s fleet of combustion-engine vehicles. We have barely dented the market for EVs.

The assumption that costs for new energy technologies will fall smoothly and forever needs a serious rethink

Now let’s look at what it takes to power one of them. A typical 75-kilowatt-hour electric car battery is 5,000 times the capacity of the one in your mobile phone. And that’s for a medium-sized sedan such as Tesla’s Model 3, not the super-sized pickup truck or SUV that most people are aspiring to develop.

From a money lens, the demand for natural resources is getting to be much more than a dent. Mining.com’s EV Metal Index for  November 2020 show that sales of lithium, graphite, cobalt and nickel just for making EV batteries have risen rapidly to US$325 million per month. A mere four years ago, that number was a tenth of that. And we are going to sell how many EVs by 2030?

The point is, we don’t need a spreadsheet to realize that the transition to an electrified clean energy economy is going to result in a monumental draw on metals and minerals from the earth’s crust. And it’s going to cost a lot more money. In the past few months, rising commodity prices are a wake-up call to that reality. In the old economy, an inflection of demand that pulls on constrained resources leads to price spikes.

At a minimum, the assumption that costs for new energy technologies will fall smoothly and forever needs a serious rethink, especially for metal-intense segments of the business. At worst, commodity price inflation that passes through to end customers will restrain adoption of new-age products.

Sure, the challenges can be overcome. When commodity prices rise, more resource projects are permitted, financed and built, often in unsavory places.

We’ve seen it before. The world grew its oil production from nothing to an unfathomable 100 million barrels a day. But it took 150 years and hundreds of trillions of dollars. Along the way, there were plenty of commodity supercycles, not to mention geopolitical issues, which is a whole other supercharged issue when it comes to rare and geographically concentrated minerals.

And the challenges can be overcome by technology, too. For example, a new generation of solid-state batteries will ease the pressure on some metals, though the timeline for those is a decade out.

The resource world doesn’t move nearly as fast as technology, which is why commodity value is now chasing technology value. And the larger lesson is that the new economy can’t go anywhere without the old.

SOURCE: https://financialpost.com/commodities/energy/another-commodity-supercycle-is-coming-this-time-driven-by-renewable-energy-and-evs

INTERVIEW: HPQ Silicon $HPQ Discusses Filing Of Provisional Patents For Silicon By-Products Superior To Graphite For Anode Material $FSLR $SPWR $CSIQ $NEP $PYR.ca

Posted by AGORACOM-Eric at 6:42 PM on Tuesday, December 29th, 2020

This is another demonstration of our multi-prong approach to becoming a key silicon based material provider for the battery industry and beyond

Bernard Tourillon, CEO, HPQ Silicon Resources

Watch yet another great interview with HPQ Silicon Resources on yet another major milestone

AGORACOM Small Cap 60: Candente Copper $DNT.ca Has A Goldman Sachs Ranking And One Of The World’s Largest Iron Ore Producers Behind It $CN.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM-Eric at 3:32 PM on Friday, December 18th, 2020
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Candente Copper (DNT:TSX) is currently focused on its 100% owned Cañariaco project, which includes the feasibility stage Cañariaco Norte deposit, a large, economic, copper deposit in Peru waiting to be mined. 

Highlights are as follows. 

  • 100% owned feasibility-stage porphyry copper deposit; a single, contiguous, open-pit mineable deposit of:
    • 7.5B pounds Measured and Indicated and can be mined for 22 years once in production.
    • Once in production Canariaco is in the lowest quartile of production costs for projects waiting to be developed.
    • Operating costs of US$0.988 per pound of copper
    • Capable of generating annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd).

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