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FEATURE: Tartisan Resources $TTC.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes at 0.62% #Nickel, 0.33% #Copper $ROX.ca $ITG.ca $MTU.ca

Posted by AGORACOM-JC at 11:04 AM on Tuesday, March 6th, 2018

Investment Highlights

  • Acquisition of Canadian Arrow Mines Limited includes two Ontario-based nickel-copper-(cobalt) properties
  • Canadian Arrow’s Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
  • 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property with drill program in progress
  • Strong management team with proven experience in advancing projects to production readiness and increasing shareholder value
  • Tightly held share structure with 50 percent owned by approximately 10 investors

Kenbridge Ni Project (ON, Canada)

  • Advanced  stage  deposit  remains open  in  three  directions,  is  equipped with a 623m  deep  shaft  and  has  never  been  mined.
  • Preliminary  Economic Assessment completed in   2008   and later updated returned robust project
    economics and operating costs including  a  NPV  of  C$253M  and  cash costs of US$3.47/lb of nickel net of
    copper credits.
  • Plans for Kenbridge include updating the 2008 PEA, advancing the project through to feasibility and exploring
    the open mineralization at depth

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Posted in AGORACOM Client Feature, All Recent Posts, Featured, Tartisan Resources | Comments Off on FEATURE: Tartisan Resources $TTC.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes at 0.62% #Nickel, 0.33% #Copper $ROX.ca $ITG.ca $MTU.ca

Rising Chinese imports push #Copper higher $LBSR $TTC.ca

Posted by AGORACOM-JC at 9:08 AM on Tuesday, February 27th, 2018

  • Price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer
  • Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar
  • Price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal

The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar.

“Both macro and micro factors are good,” he said. Benchmark three-month copper on the London Metal Exchange closed 0.2 percent up at $7,110 a tonne, not farom a four-year high of $7,312.50 touched in January.

Copper imports to China rose 13 percent from December to 314,525 tonnes in January, while refined nickel imports doubled to 26,691 tonnes and refined zinc imports surged by 287 percent to 67,111 tonnes. Prices of nickel and zinc, used in the steel industry, also rose on the strong import data and a surge in Chinese steel futures after reports that China’s top steelmaking city will extend production curbs.

Nickel finished 1.2 percent up at $13,925 a tonne, close to three-year highs, and zinc ended near its highest since 2007 after gaining 0.8 percent to $3,531.50. Chinese imports of scrap metal, meanwhile, fell to the lowest level in nearly two years in January after restrictions were introduced. Scrap copper imports were down 28 percent year on year.

The price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal. Robust economic data reinforced expectations of strong demand for metals. Prices for new homes rose in January and a poll showed that China’s manufacturing sector is expected to register another month of relatively solid growth in February.

Bets on higher copper prices increased on the COMEX exchange, with funds’ net long position rising for the first time this year in the week to February 20. LME aluminium finished down 0.1 percent at $2,138 a tonne but still within sight of a six-year high of $2,290.50 touched in January.

“With no apparent shortage of supply, we expect prices to ease back in 2018,” Capital Economics analyst Simona Gambarini said in a note. SUPPLY: Global primary production rose in January, according to the International Aluminium Institute. There was also an increase in exports of semi-processed aluminium products from China, the world’s largest producer. And in the United States a smelter was poised to restart idled production if Washington curbs imports. LME lead closed 1.9 percent up at $2,580 and tin finished down 0.1 percent at $21,625.

Source: https://fp.brecorder.com/2018/02/20180227347541/

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Tartisan Resources Corp. $TTC.ca to change name to Tartisan Nickel Corp. $LPK.ca $GOLD.ca $ORO.ca $LRA.ca

Posted by AGORACOM-JC at 7:50 AM on Wednesday, February 21st, 2018

Tartisan logo copy

 

  • Company to change name to Tartisan Nickel Corp.
  • Engaged MineMap Pty. Ltd.as consulting engineers for the preliminary review of the Kenbridge Project
  • MineMap will provide an updated block model on Kenbridge

 

 

Toronto, Ontario (FSCwire) – Tartisan Resources Corp. (CSE: TTC, FSE: 8TA) (“Tartisan”, or the “Company”) is pleased to announce that the Company has engaged MineMap Pty. Ltd. of Midland, Western Australia (“MineMap”), as consulting engineers for the preliminary review of the Kenbridge Nickel-Copper-Cobalt Project. MineMap will provide an updated block model based on data acquired from predecessor company Canadian Arrow Mines Limited, with NI 43-101 compliant resources, and where appropriate to do so, outline the relevant underground and surface work planning for the Kenbridge Project.

 

MineMap Pty. Ltd., headed by W. Seldon Mart, Ph.D. (Australia) P. Eng. Geo, has since 1975 been developing geological and mining design software. Mr. Mart, together with William L. Makar, Geo, ASIMM. built MineMap™ software to integrate drill hole visualization, resource/reserve calculation, and Lersch-Grossman analysis of resource financial integrity based on underground and/or surface primary pit and site designs. MineMap also offers products and services in NPV-based production scheduling, pit haul road design based on reserve distribution, and real-time haul truck based tonnage and grade tracking from pit/stope to mill which updates ore, waste, and/or reserve, or resource databases as appropriate.

 

“We are delighted to have MineMap involved as primary subcontractor for the resource review,” said CEO Mark Appleby, “In the context of the first NI 43-101 Technical Report that Tartisan Nickel Corp has planned for the Kenbridge Nickel-Copper-Cobalt Project. We look forward to reviewing the MineMap initial conclusions within the next 90 days”

 

The Kenbridge Deposit hosts measured and indicated resources of 7.139 million tonnes of 0.62% nickel, 0.33% copper, and 0.16% cobalt; and inferred resources of 118,000 tonnes of 1.38% nickel, 0.88% copper, and 0.003% cobalt. In total a contained nickel resource of 97.8 million pounds and 47 million pounds of copper. The Kenbridge Deposit is equipped with a 623m shaft and has never been mined. Mineralization is open at depth and along strike.

 

Annual General and Special Meeting of Shareholders

 

Additionally, Tartisan announces the results from their recently held Annual General and Special Meeting of Shareholders which was held on February 20, 2018. The record date for the Shareholder Meeting had been fixed as January 12, 2018. Meeting particulars can be found on SEDAR.

 

All Resolutions presented Passed including: All four incumbent directors were re-appointed as directors of the Company namely; D. Mark Appleby, Denis Laviolette, Douglas Flett and Yves Clement, all by 26,920,058 votes In Favor with nil against. Mark Appleby will continue in his role as President and CEO and Daniel Fuoco will continue in his role as CFO.

 

Collins Barrow LLP was appointed as the Company’s auditor and the Company’s stock option plan was approved.

 

Additionally, by a Special Resolution, Tartisan shareholders voted In Favor of the Company proceeding with a proposed name change to “Tartisan Nickel Corp.” or such other name that the board of directors of the Company saw fit. “Tartisan is committing substantial manpower and financial backing into the newly acquired nickel-sulphide, copper, cobalt assets,” said Mark Appleby, Tartisan CEO, “As we both witness and become a part of the Electric Vehicle revolution and subsequent demand for battery grade nickel.” “Tartisan will continue to seek out, acquire and develop undervalued assets as part of our overall corporate strategy.”

 

Tartisan also wishes to announce that it has settled certain debts with three consultants to the Company in the amount of $55,000 by issuing 275,000 shares at 0.20 cents.

 

About Tartisan Resources Corp.

 

Tartisan Resources Corp. is a Canadian based mineral exploration and development company which owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km from Trevali’s Santander mine and owns a 100% stake in the Ichuna Copper-Silver Project, also in Peru, contiguous to Buenaventura’s San Gabriel property. Tartisan also owns a significant equity stake (6 million shares and 3 million warrants at 40 cents) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.

 

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE: TTC, FSE 8TA). Currently, there are 93,308,550 shares outstanding (105,142,594 fully diluted). Tartisan Resources Corp. is a member of the CSE Composite Index.

 

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

 

Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.

 

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the associated document to this release, please click on the following link:
public://news_release_pdf/Tartisan02212018.pdf

To view the original release, please click here

Source: Tartisan Resources Corp. (CSE:TTC)

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#Copper hits three-week high as dollar rally pauses, #nickel steady $LBSR $TMBXF

Posted by AGORACOM-JC at 12:41 PM on Monday, February 5th, 2018
  • Copper hit a three-week high on Monday as the dollar rally paused and the balance of supply and demand looked to stay relatively tight
  • Dollar remained mired near three-year lows as resurgent U.S. wage inflation data failed to quell scepticism among investors about the currency’s outlook

By Maytaal Angel

LONDON, Feb 5 (Reuters) – Copper hit a three-week high on Monday as the dollar rally paused and the balance of supply and demand looked to stay relatively tight, while nickel climbed after posting its largest daily loss in two months on Friday.

The dollar remained mired near three-year lows as resurgent U.S. wage inflation data failed to quell scepticism among investors about the currency’s outlook.

U.S. payrolls on Friday showed wages growing at their fastest pace in more than eight years.

“The dollar is driving the market,” said Casper Burgering, an analyst at ABN Amro. A weaker dollar makes dollar-priced metals cheaper for non-U.S. investors.

Burgering also said that copper relative to other metals “is lagging, it’s up only 1 percent for the year. It’s undervalued because the fundamentals are really good for this year.”

COPPER, NICKEL PRICES: London Metal Exchange copper closed up 1.8 percent at $7,169 a tonne, having hit its highest since mid-January at $7,220, while nickel ended up 2.4 percent at $13,745 a tonne, having plunged 4 percent on Friday.

Some of China’s stainless steel mills, major consumers of nickel, are losing money at current prices and have already wound down their operations ahead of the week-long Chinese Lunar New Year, broker Argonaut Securities said in a report.

“We expect to see price weakness in nickel going forward,” it said.

* MARKETS: Stock markets were routed around the globe while bond yields climbed as resurgent U.S. inflation raised the possibility central banks would tighten policy more aggressively than had been expected.

* CHINA ECONOMY: China is expected to report solid growth in January trade this week, moderating inflation and renewed bank lending, but the timing of the long Lunar New Year holidays will make it difficult to determine clear trends for at least another month.

* LEAD: Lead prices took a breather from Friday’s 6-1/2 year top, ending down 1 percent at $2,652. Indicating nearby tightness, cash lead traded at a $17.25 a tonne premium to the three month price CMPB0-3.

* ZINC: Indicating nearby tightness, LME data showed one entity holds 80 to 90 percent of zinc warrants, cash and “tom” positions <0#LME-WHT>. Zinc ended up 1.3 percent at $3,548.

* INVESTORS: Hedge funds and money managers cut their net “long” or buy position in COMEX copper in the week to Jan. 30, data showed.

* ALUMINIUM: Russian aluminium maker Rusal estimates that China’s winter capacity cuts will curb output by 1 million tonnes annually. Aluminium ended up 0.1 percent at $2,211.

* TIN: Tin ended up 1.8 percent at $21,920.

Source: https://www.reuters.com/article/global-metals/metals-copper-hits-three-week-high-as-dollar-rally-pauses-nickel-steady-idUSL8N1PV30M

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Goldman $GS has more good news for #copper, #zinc price $LBSR $TMBXF

Posted by AGORACOM-JC at 12:07 PM on Thursday, January 4th, 2018
Frik Els | about 16 hours ago

  • While it’s pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne)
  • Extending the bull run in the red metal for a second year
  • Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value
Zinc ingots shown (Image: Glencore)

The rally for zinc has been even more spectacular with the metal, mainly used to galvanize steel, ending 2017 at a decade high of $3,330 a tonne. Zinc has more than doubled in value after a slump that ended around the same time copper hit bottom two years ago.

Reuters quotes investment bank Goldman Sachs as saying zinc demand looks rosy for the first half of the year while the New York-based firm prefers copper over aluminum over the longer term:
“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown”

“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown,” it said, adding that metal producers outside China are set to gain.

“Ongoing supply-side reforms and environmental cuts in China translate into higher commodity prices and less Chinese production, both of which benefit ex-China producers.”

Shipments of copper concentrate to China hit a monthly record of 1.78m tonnes in November and the tally for the year should beat last year’s record 17m tonnes.

Refined copper imports are trending down with recently released data showing cargoes are down some 5% over the first 11 months of 2017 to 4.24m tonnes compared to the same period in 2016. Full year imports in 2016 hit a record 4.94m tonnes.

Zinc is benefitting from historically tight supply with inventories in LME-approved warehouses down 70& since September 2015 to just under 181,000 tonnes. Stocks in warehouses monitored by the Shanghai Futures Exchange at 68,630 tonnes are down 65 percent since March last year according to Reuters:

“Demand growth is decent, but not spectacular from a historical perspective, which tells me this is once again a supply side issue,” said Bernstein analyst Paul Gait.

“Years of under-investment have caught up. We could see a further price acceleration in the short term, but current levels should generate sufficient capital inflows to generate new supply to meet demand.”

Chinese zinc imports jumped to above 573,000 tonnes in the first 11 months of last year, up 43% from the same period of the previous year.

Source: http://www.mining.com/goldman-good-news-copper-zinc-price/

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#Copper soars to 4-year high as funds bet on shortages $LBSR

Posted by AGORACOM-JC at 11:44 AM on Thursday, December 28th, 2017
 
  • Copper prices jumped to a four-year peak on Thursday as funds bet on strong demand in top consumer China and supply disruptions in top producer Chile leaving the market short of the metal used widely in power and construction
  • Benchmark copper on the London Metal Exchange was up 0.3 per cent at $7,264 a tonne at around 1215 GMT from an earlier $7,312.5, its highest since January 2014
  • Up more than 30 per cent so far this year.
Pratima Desai
Reuters
Published 3 hours ago Updated December 28, 2017

Copper prices jumped to a four-year peak on Thursday as funds bet on strong demand in top consumer China and supply disruptions in top producer Chile leaving the market short of the metal used widely in power and construction.

Benchmark copper on the London Metal Exchange was up 0.3 per cent at $7,264 a tonne at around 1215 GMT from an earlier $7,312.5, its highest since January 2014. It is up more than 30 per cent so far this year.

“Funds are on a buying spree, but the timing and strength is surprising,” said Quantitative Commodity Research consultant Peter Fertig. “Fundamentals are good. China is a growing economy, it will need more copper. The risk of strikes in Latin America due to labor negotiations is looming.”

China accounts for about half of global copper demand estimated at around 23.5 million tonnes.

That is why a surge in its imports to 329,168 tonnes in November, up 19 per cent from the same period a year ago, triggered a buying frenzy this week.

Analysts estimate China’s copper demand growth could be as high as 3 per cent in 2018 from around 2 per cent this year.

They will be watching surveys of purchasing managers in China’s manufacturing sector and industrial production growth, which are typically used as lead indicators for copper demand.

“Heading into next year, a case can be made for a relatively higher trading range for copper compared to what we saw in 2017,” INTL FCStone analyst Edward Meir said in a note.

Meir expects the copper market to see a 130,000 tonne deficit next year after a shortfall of 95,000 tonnes this year.

“One variable that should help the market next year is the fact that there will be a series of key labor negotiations that could potentially impact a substantial amount of metal.”

Given copper’s 70 percent gains since hitting a 6-1/2 year low of $4,318 in January 2016, expectations are for unions to be more militant, particularly given the concessions they made when prices were tumbling.

Analysts at Citi say there are over 30 labor contracts, covering around five million tonnes of mine supply, due to expire next year, most of them in Chile and Peru.

“The largest identifiable potential issue concerns the Escondida contract due June, 2018, given the 2 month strike earlier this year,” they said.

“To reflect elevated supply risks over the next 12 months we assume a 6.0-per-cent disruption allowance for 2018 or 1.26 million tonnes versus 5.2-per-cent average since the financial crisis or 970,000 tonnes.”

Also helping copper is the lower U.S. currency, down 10 per cent since the start of this year against a basket of other major currencies, making dollar-priced commodities cheaper for holders of other currencies.

This relationship is used by funds which trade using buy and sell signals generate.

Source: https://www.theglobeandmail.com/globe-investor/investment-ideas/coppers-winning-rally-is-the-longest-in-a-generation/article37441071/

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FEATURE: Tartisan Resources $TTC.ca To Acquire Canadian Arrow Mines $CRO.ca

Posted by AGORACOM-JC at 4:26 PM on Thursday, November 9th, 2017

 

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow

Other Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

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Invested in Canadian Arrow Mines $CRO.ca ? Did you see the news? Company to be acquired by Tartisan Resources $TTC.ca

Posted by AGORACOM-JC at 11:08 AM on Tuesday, November 7th, 2017

Recently completed the acquisition of the Ichuña Copper-Silver property located in the Department of Moquegua in Southern Peru as well as Don Pancho Polymetallic Property in Huaral, Peru

READ RELEASE

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan

Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

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$GR.ca Great Atlantic Receives Diamond Drilling Permit Keymet Precious – Base Metal Property Bathurst, New Brunswick

Posted by AGORACOM at 9:28 AM on Tuesday, September 19th, 2017

 

 

  • Located 20 kilometres northwest of Bathurst
  • Multiple pathfinder minerals located ( gold, silver, zinc, lead and / or copper occurrences )
  • 500 metre drill program to test multiple base metal and silver bearing vein occurrences

Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received a diamond drilling permit from the New Brunswick Dept. of Energy and Mines for its Keymet Precious – Base Metal Property, located in northeast New Brunswick. The Company is planning drilling beginning in mid-September in the northwest region of the property. The Keymet property, located approximately 20 kilometres northwest of Bathurst, hosts multiple gold, silver, zinc, lead and / or copper occurrences including the Keymet deposit, site of the historic Keymet Mine. Drilling will further test an area of reported zinc, lead, copper and silver bearing vein(s) including 2015 Great Atlantic drill intersections (16.7 % zinc and 152 g/t silver over 1.8 meter core length and 8.7% zinc over 4.28 meter core length) and a near-by gold bearing zone discovered by the Company in a 2015 trench (1.1 g/t gold over 4.9 meters in channel sampling).

 

To view the graphic in its original size, please click here

 

The drilling program is planned for the northwest region of the Keymet Property, a priority area for the Company. The program will be a minimum of 500 metres. Multiple base metal and silver bearing vein occurrences are reported in this region, including the historic Keymet Mine which operated during the 1950s. The drilling program will further test one of these vein occurrences, referred to as the Elmtree 12 vein occurrences. Gold bearing boulders and gold bearing zones in trench bedrock are also documented in this region of the property. The drilling program will test one such gold zone.

 

Historic Keymet Mine (1950s)

To view the graphic in its original size, please click here

 

The Elmtree 12 base metal and silver bearing vein occurrence is located approximately 1.4 kilometres northwest of the historic Keymet Mine. Closed-spaced 1980s diamond drill holes (Brunswick Mining and Smelting and Aurtec Inc.) intersected near-surface mineralized veins in this area. A 0.88 metre core length interval from a 1981 drill hole was reported to grade 7.72% Cu, 11.36% Zn and 13.6 ounces per ton Ag. A 1.22 metre core length sample from a near-by 1989 drill hole was reported to assay 16.4% Cu, 10.11% Zn and 31.0 ounces per ton Ag. The true width of these intersections is unknown. These drill intersections are within 50 metre vertical depth. During 2015, Great Atlantic conducted trenching in the area of these reported 1980s drill holes. One trench exposed a northwest striking mineralized vein approximately above the reported 1980s drill intersections. A 0.5 metre channel samples across the vein returned 1.52% zinc, 1.94% copper and 308 g/t silver.

 

During 2015 Great Atlantic drilled two holes (Ky-15-3 and Ky-15-4) in the area of the 2015 trench and the 1980s holes. These holes were also collared within a zone of gold bearing silicified sedimentary boulders previously discovered by the Company (boulder assays reported up to 51 grams per tonne Au.). The zone of gold-bearing boulders extends west of these two holes in the reported up-ice glacial direction. Both holes intersected base metal and silver bearing veins and local gold mineralization.

 

 

Zinc, copper and silver bearing vein in 2015 Trench at Elmtree 12 Vein Occurrence

To view the graphic in its original size, please click here

 

Both Ky-15-3 and Ky-15-4 were drilled from the same set-up to the northeast (050 degree azimuth) approximately under the previous 2015 trench and from the opposite direction as the reported 1980s holes. Ky-15-3 was drilled at a 45 degree angle and intersected sphalerite – rich veins at 60.80 – 62.60 metres (returning 16.68% zinc, 1.11% copper and 152.0 g/t silver over a 1.80 metre core length). Ky-15-4 was drilled at a 60 degree dip on the same azimuth to intersect the veins deeper. Multiple sphalerite bearing veins were intersected in this hole at 90.07 – 94.35 metres (returning 8.68% zinc and 44.8 g/t silver Ag over 4.28 metre core length), approximately 35 metres vertically under the main vein intersected in Ky-15-3. Hole Ky-15-3 intersected a gold bearing interval, with a sample at 30.10 – 32.20 meters (2.1 meter core length) returning 3.28 g/t gold. The true width of these initial 2015 drill intersections is unknown at this time.

 

Drilling is planned during September 2017 on either side of holes Ky-15-3 and Ky-15-4 testing the continuation of the zinc, copper and silver bearing veins along strike and testing the continuation of the gold bearing zone intersected in Ky-15-3.

 

Drilling is also planned during the September program under a gold bearing zone exposed during a 2015 trench southwest of holes Ky-15-3 and Ky-15-4. Channel samples from a zone of altered sediments returned 1.11 g/t gold over a 4.9 metre total length. The channel samples were orientated east-west parallel to the trench direction. The orientation of this gold bearing zone has not been determined. This gold bearing zone is approximately 80 metres southwest of the collars of holes Ky-15-3 and Ky-15-4.

 

Zinc (sphalerite) – bearing carbonate vein in Ky-15-4.

To view the graphic in its original size, please click here

 

Access to the property is excellent with paved roads transecting the property, including a provincial highway. The property covers an area of approximately 3,400 hectares.

 

Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

 

About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.

 

On Behalf of the board of directors

 

“Lorne Mann”

 

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

 

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.

 

Great Atlantic Resource Corp

888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4

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Eloro $ELO.ca Resources receives drill permit at La Victoria $TTC.ca

Posted by AGORACOM-JC at 9:15 AM on Tuesday, September 12th, 2017

Image result for eloro resources

  • Received its permiso para inicio de las actividades de exploracion (drilling permit) 
  • Authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru

ELORO RESOURCES RECEIVES DRILLING PERMIT FOR THE LA VICTORIA GOLD/SILVER PROJECT DRILL PROGRAM

Eloro Resources Ltd.’s wholly owned Peruvian subsidiary Compania Minera Eloro Peru SAC has received its permiso para inicio de las actividades de exploracion (drilling permit) that authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru.

The Drilling Permit is the final requirement to obtain the water permit. The ANA (Peru Water Authority) has already carried out its Property inspection and is now reviewing Eloro’s application. In the meantime, field crews are now proceeding with preparation of the approved drill sites and carrying out improvements to the existing public trail system.

“We are delighted to be on the verge of drilling the La Victoria Gold/Silver Project’s Rufina zone”, said CEO Thomas G. Larsen, “This zone has never been drill-tested even though significant gold mineralization outcrops at surface. Our fall 2016 IP/Res survey identified a large spatially-correlated chargeability and resistivity area beneath the Rufina zone which also will be tested.”

Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro commented: “Recent geological work indicates that the mineralized target zone in Victoria-Victoria South which is up to 200 metres wide extends south for at least 2 kilometres along strike and likely connects with the Rufina zone. This is part of an extensive multi-phase epithermal gold-silver mineralizing system on the La Victoria property centred around the Puca Fault and environs (see press release August 8, 2017). We plan to carry out an aggressive drill program at Rufina while at the same time proceeding with drill permit applications for the other major target areas.”

The Rufina zone is located within the district of Huandoval where Eloro has good social support. District authorities are also favourable to economic development in partnership with the mineral exploration industry. Eloro currently has 14 Huandoval employees working for the IP/Res survey operating within the new Victoria-Victoria South discovery area.

With the award of an option to earn 25% of the Property to EHR Resources Ltd (ASX:EHX) through its Peruvian subsidiary EHR del Peru S.A.C., Eloro is fully financed to carry out the drilling at Rufina. A contract has been signed with Energold Drilling Peru S.A.C., for up to 5000 metres of NTW diamond drilling. The portable drill rig employed by Energold can be readily moved by existing public trails and requires only minimal drill pad preparation.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 100% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Tahoe’s La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Dr. Bill Pearson, P.Geo., a Qualified Person in the context of NI 43-101 has reviewed and approved the technical content of this news release.

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