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INTERVIEW: James A. Briscoe Discusses the Hay Mountain Project, Native Plant Survey Requirements
Posted by
at 8:16 AM on Friday, October 30th, 2015
- Company reached another important milestone in its efforts to begin drilling at Hay Mountain. Company has submitted an Exploration Plan of Operation for diamond core drilling to the Arizona State Land Department (ASLD) for specific sites on State lands.
- In addition to two primary holes, eight others will be drilled if success is achieved in drill holes 1 and/or 2.
Hub On AGORACOM / Corporate Profile / Watch Interview Now!
Durango Looks to Advance Limestone
Posted by
at 12:14 PM on Thursday, October 29th, 2015
- TransCanada Corp. has received final permits from the British Columbia Oil and Gas Commission (BCOGC), giving regulatory approval for the construction and operation of the Prince Rupert gas transmission (PRGT) pipeline project
- Globe and Mail reported in its Wednesday, Oct. 28, edition that “TransCanada announced that it cleared one of the final regulatory hurdles necessary to begin construction of a $5-billion pipeline project serving a proposed natural gas export facility in British Columbia …”
- Marcy Kiesman stated, “This is good news for Durango as these permits will link the northeastern British Columbia natural gas production with the proposed Pacific Northwest (PNW) liquefied natural gas station on Lelu Island near Prince Rupert.
Vancouver, BC / October 29, 2015 – Durango Resources Inc. (the “Company” or “Durango”) reports that TransCanada Corp. has received final permits from the British Columbia Oil and Gas Commission (BCOGC), giving regulatory approval for the construction and operation of the Prince Rupert gas transmission (PRGT) pipeline project.
The Globe and Mail reported in its Wednesday, Oct. 28, edition that “TransCanada announced that it cleared one of the final regulatory hurdles necessary to begin construction of a $5-billion pipeline project serving a proposed natural gas export facility in British Columbia. Developers are racing to build export terminals to sell the power-plant fuel on international markets amid a glut of supplies and low domestic prices.”
Marcy Kiesman stated, “This is good news for Durango as these permits will link the northeastern British Columbia natural gas production with the proposed Pacific Northwest (PNW) liquefied natural gas station on Lelu Island near Prince Rupert. Durango’s Smith Island limestone property is located approximately six kilometres away from Lelu Island and with the permitting milestone now achieved, Durango plans to begin the advance of the north coast BC limestone properties.”
About Smith Island
The Smith Island property is a past producing limestone property located approximately 6 kilometres southwest of Lelu Island near Prince Rupert, BC where the proposed $36 billion LNG facility is expected to be built by Petronas LNG Consortium (Pacific Northwest LNG).
About Mayner’s Fortune
The Mayner’s Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River. The property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.
The Shell Consortium LNG project partners received full Environmental Approvals in June, 2015, for the proposed $40 billion LNG project in Kitimat. Public information on the LNG Canada consortium can be viewed at www.lngcanada.ca.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec and three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone:
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CEO/Chief Geologist James A. Briscoe discusses Phase 1 Drilling Plans at the Hay Mountain Project
Posted by
at 10:09 AM on Tuesday, October 27th, 2015
- Company reached another important milestone in its efforts to begin drilling at Hay Mountain. Company has submitted an Exploration Plan of Operation for diamond core drilling to the Arizona State Land Department (ASLD) for specific sites on State lands.
- In addition to two primary holes, eight others will be drilled if success is achieved in drill holes 1 and/or 2.
INTERVIEW: Liberty Star Discusses Recent Work at the Hay Mountain Project
Posted by
at 9:55 AM on Friday, October 23rd, 2015
- Arizona-based mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in Arizona and the southwest USA.
- Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
INTERVIEW: Avalon VP Discusses Lithium Markets and Separation Rapids Project
Posted by
at 11:00 AM on Thursday, October 22nd, 2015
Avalon VP Discusses Lithium Markets and Separation Rapids Project
Why Lithium?
- Lithium has been used in ceramics and glass for many decades.
- The largest use for lithium is in rechargeable batteries and this use for lithium was invented in the 70’s.
- The use of lithium in batteries has tripled since 2008 (20,026 t LCE in 2008 to 64,398t LCE in 2014) and the forecasted growth rate of lithium demand growth is 8% per year to 2025 and the predicted growth rate for li in battery use is 13% (CAGR).
About Our Guest
- Pierre brings leadership and international marketing, sales and trading experience in London Metal Exchange (LME) traded metals, industrial chemicals and industrial minerals to Avalon.
- Has over 25 years of experience in LME and non-LME traded commodities.
- At Avalon, responsible for understanding the markets and creating strategic partnerships with potential customers and investors.
Hub On AGORACOM / Corporate Profile / Watch Interview
5 Basic Lithium Facts
Posted by
at 9:48 AM on Wednesday, October 21st, 2015
- Lithium-ion batteries power everything from cellphones to laptops to electric vehicles, and demand for the metal is certainly on the rise. Many companies and investors have been drawn in by news of Elon Musk and Tesla Motors’ (NASDAQ:TSLA) lithium-ion battery gigafactory.
- However, Tesla’s isn’t the only lithium-ion battery megafactory out there, and there’s more to lithium and the lithium market than electric vehicle batteries.
With gold and silver prices still under pressure, more and more investors are starting to look at the critical metals space, and at lithium in particular.
Lithium-ion batteries power everything from cellphones to laptops to electric vehicles, and demand for the metal is certainly on the rise. Many companies and investors have been drawn in by news of Elon Musk and Tesla Motors’ (NASDAQ:TSLA) lithium-ion battery gigafactory.
However, Tesla’s isn’t the only lithium-ion battery megafactory out there, and there’s more to lithium and the lithium market than electric vehicle batteries.
Here’s a look at five basic lithium facts investors should know.
1. It’s the lightest metal on the periodic table
Lithium is the lightest, or least dense, elemental metal. It is about half as dense as water.
The metal also has a high specific heat, making it useful in the production of heat-resistant glass, while its electrochemical potential makes it useful in batteries.
2. It can be found in brines, hard-rock deposits and clays
Lithium is found all over the world, in both hard-rock deposits and evaporated brines.
The world’s largest hard-rock mine is the Greenbushes mine in Australia. Most of the world’s lithium brine production comes from salars in Chile and Argentina. Bolivia is thought to hold the world’s largest lithium reserves, and the prolific lithium triangle spans all three South American countries.
Several companies are also looking to develop clay-based lithium deposits. For example, Western Lithium (TSX:WLC) holds the King’s Valley lithium deposit in Nevada, while Bacanora Minerals (TSXV:BCN,LSE:BCN) and joint venture partner Rare Earth Minerals (LSE:REM) are advancing the Sonora lithium project in Mexico.
3. It’s not just for batteries
While batteries have been getting most of the attention in the lithium space lately — and while demand for lithium from the battery sector is certainly on the rise — it’s worth noting that other sectors continue to account for a healthy proportion of lithium demand.
Citing data from Roskill, a report from Stormcrow Capital notes that in 2013, rechargeable batteries made up 29 percent of lithium demand, while the remainder of the market was mostly made up by various industrial end uses. That includes ceramics (14 percent), glass-ceramics (12 percent), greases (8 percent) and metallurgical powders (6 percent).
Lithium is also used in pharmaceuticals, lubricants and heat-resistant glass.
4. Lithium hydroxide vs. lithium carbonate?
After lithium is extracted from a deposit, it is often processed into lithium carbonate, lithium hydroxide or lithium metal. Battery-grade lithium carbonate and lithium hydroxide can be used to make cathode material for lithium-ion batteries. Most contaminants must be removed in order for either material to be considered battery grade.
Hydroxide tends to be more expensive, but can produce cathode material more efficiently and is actually necessary for some types of cathodes, such as nickel–cobalt–aluminum oxide (NCA) and nickel-manganese-cobalt oxide (NMC).
In addition to battery-grade materials, there is also a market for technical-grade lithium. Technical-grade lithium products, such as technical-grade lithium concentrate, sell for a cheaper price than battery-grade products, and are used in applications such as glass and ceramics. Technical-grade lithium products must have very low concentrations of iron.
Nevada Sunrise Gold (TSXV:NEV), a company that has earned a spot on the 2015 TSX Venture 50, and has quality gold properties in the prolific jurisdiction of Nevada where mining infrastructure and services are well developed. Nevada Sunrise Gold recently acquired the Neptune Lithium Property in Nevada, which has the potential to host lithium-bearing brines in subterranean aquifers beneath the Clayton Valley floor. Learn more about this company today!
5. Prices can be hard to find
Like most critical metals, lithium is not traded on any public exchange, and major lithium producers don’t often give out stats. For a long time, most of the world’s lithium was produced by an oligopoly of producers often referred to as the “Big 3,†which included Rockwood Lithium (now owned by Albemarle (NYSE:ALB)), Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC).
Producers in China have grabbed a larger share of the lithium market in recent years, but the lack of information on pricing has continued.
However, interested investors can look to experts in the lithium space for market reports and price forecasts. For example, the report from Stormcrow Capital mentioned above includes a detailed forecast for lithium prices.
INTERVIEW: Durango Resources Preparing for BC’s LNG Construction BOOM
Posted by
at 2:58 PM on Thursday, October 15th, 2015
The company recently acquired two limestone properties in north western British Columbia which have been strategically chosen in an effort to coincide with the LNG projects near Kitimat and Prince Rupert.
- Both the Mayner’s Fortune property and the Smith Island property have historical occurrences of limestone which will fast track the exploration to production timeline since they are near term producing properties.
- Mayner’s Fortune property is located 50km away via CN Rail line from the Kitimat Shell Consortium LNG proposed site and hosts a series of 6 north east striking limestone beds which have been reported to be grades as high as 96%.
Hay Mountain Project: Drill Holes Selected for Drilling on Two Outcrops Showing High Grade Copper
Posted by
at 2:56 PM on Wednesday, October 14th, 2015
- Encouraging results will dictate another nine drill holes, resulting in a line of 11 bisecting the main porphyry anomaly in an east–west direction
- Recent detailed mapping found pervasively brecciated limestone, which led to the conclusion that the area called the Chrysocolla Block (where the first discovery of oxide copper in outcrop was made) was misidentified as the Colina limestone
Liberty Star Uranium & Metals Corp. (“Liberty Star†or the “Companyâ€) (OTCQB: LBSR) is pleased to announce that very high grade copper oxide outcrops near the geochemical high derived from vegetation sampling have been discovered. These show up to 22% copper.
Recent detailed mapping found pervasively brecciated limestone, which led to the conclusion that the area called the Chrysocolla Block (where the first discovery of oxide copper in outcrop was made) was misidentified as the Colina limestone. Further evaluation led to the conclusion that the zone was of the lower Earp formation, which is the layer directly below the Colina. A red clay marker bed at the base of the exposed Earp limestone breccia clearly identifies it, but had been inexplicably missed by previous geologists. Current understanding indicates that the latest targets may bloom into major mineral zones 200 to 400 feet in depth at their intersection with the Horquilla limestone, the major mineral host in the region.
After ID of the lower part of the Earp, the Company’s skarn consultant (recently working on another Arizona project in the same sedimentary rocks, containing high grade copper) felt that there was a strong possibility that the two high grade copper oxide outcrops could be positioned right above high grade copper mineralization. This opinion correlates with Liberty Star’s geophysical–geochemical cross sections: see graphics.
Company CEO/Chief Geologist James A. Briscoe notes: “This is the specific target we have been searching for before kicking off a drill program. This development of discovery by use of the Niton and lots of boots on the ground carefully observing rocks gave us this completely unexpected outcrop; we have made the breakthrough we needed. This find is exciting and meaningful because it is the largest exposure so far located at Hay Mountain, and is similar to outcrops in the Bisbee mining district 15 miles south.â€
Briscoe continues: “This outcropping oxidized mineral occurrence, taken with our recent work, confirms increasing mineral intensity over the previous geochemical and geophysical anomalies, and is confirmation of the type of mineralization we wanted to find. We have much technical work, including drilling, to complete prior to declaring an ore body present at Hay Mountain, but until now we were working with indirect geochemical, geophysical and geologic interpretation; this is direct evidence.â€
Drilling Planned-Permitting Underway
Two drill holes 600’ apart have been spotted over the two sites of the gossan outcrops. Work on nine other targets across the heart of the geochemical-geophysical anomaly is underway. The flexible drill plan calls for vertical diamond core holes to as deep as 2,000 feet. If horizontal bedded ore grade copper or other metals are intercepted, 45 degree angle holes will be drilled to determine width, thickness and shape of the mineralization. Contorted, broken and brecciated beds are nearby and along the line of holes, which is characteristic of the porphyry copper geologic environment. “This is a good environment for defining out an important ore body,†comments Briscoe.
Plans call for holes up to 2,000 feet deep but could be shallower. Each hole would take about 20 days to drill and cost about $200,000 if drilled to total depth: estimated start time of about January 2016.
“James A. Briscoe†James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.
View Presentation on Libertystaruranium.com
Forward-Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements include: findings led to the conclusion that the Chrysocolla Block was misidentified and the conclusion that the zone was of the lower Earp formation that the discovery constitutes the specific target we have been searching for before kicking off a drill program. Factors which may delay or prevent these forward-looking statements from being realized include: our inability to raise sufficient funds to complete our intended exploration or carry on operations; an inability to continue exploration due to weather, logistical problems or hazards even if funds are available. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the SEC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151014006432/en/
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
or
Jim Briscoe, 520-907-9492
CEO/President/Chief Geologist
[email protected]
INTERVIEW: Uragold Reiterates the Importance of Exclusive Global Partnership
Posted by
at 11:35 AM on Wednesday, October 14th, 2015
EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY
- Patent Filed
- Worldwide Exclusive Rights Granted
- Pilot Plant Already Funded
- Technology Partner Takes First Royalty Payment In Stock
- In Position To Become Vertically Integrated Producer Of Solar Grade Silicon Metal & Major Participant In Global Solar Industry
Company announced that its technical partner, PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR), a TSX Venture 50® clean-tech company (“PyroGenesis”) that designs, develops, manufactures and commercializes plasma torch products, has filed a provisional patent for a new and novel process for the One Step Production of Metallurgical Grade Silicon Metal (mg Si), Solar Grade Silicon Metal (UMG Si) and Polysilicon from Quartz. The “PUREVAP â„¢ Quartz Vaporization Reactor is a proprietary process that uses a plasma arc within a vacuum furnace.