Posted by AGORACOM
at 10:51 AM on Monday, November 9th, 2020
Highlights
Two occurrences of visible gold found in quartz vein separated by 15 metres
The northeast trending quartz veining has been traced over 550m
Textures of quartz veining are typical of epizonal style gold deposits
TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the discovery of visible gold in quartz vein at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District to the northeast of New Found Gold Corp’s gold discovery announced earlier this year.
Two occurrences of visible gold in quartz vein were found, the first in outcrop and the second in subcrop, separated by approximately 15 metres. The quartz vein occurs in an underexplored area of the Kingsway Property where recent mapping and prospecting has uncovered a corridor of northeast-trending quartz veining hosted primarily in green-grey to black shale that extends over a strike length of at least 550 metres. While nine-metre-wide blow-outs of the quartz vein are seen sporadically along this corridor, contacts between the vein and host rock have not yet been adequately exposed to determine the true thickness of the vein over its length.
Veining is typically bright white, massive to vuggy, locally stylolitic with carbonate and sericite alteration. Vugs often contain euhedral quartz infilling. Prospecting has revealed that quartz veins along this corridor locally contain pyrite, chalcopyrite, and arsenopyrite. Fine grained visible gold has been observed in annealed quartz and vuggy gray quartz in the two occurrences. These features are characteristic of epizonal gold deposits similar to those identified on New Found Gold’s Queensway property to the south. Detailed sampling and mapping of this veining is ongoing. Samples collected to date will be delivered to Eastern Analytical laboratory today and results will be reported when available. Historical assessment reports do not note this quartz vein occurrence.
A photo accompanying this announcement
“We are very excited to announce the first visible gold found in the area covered by the Kingsway Property. This significant discovery is a result of the thorough work of LabGold geologists and prospectors, said Roger Moss, President and CEO of Labrador Gold. “The similarities to the gold mineralization at New Found Gold’s Keats Zone to the south are striking and gives credence to the district scale potential of the gold mineralization. We intend to aggressively follow up these occurrences with further detailed sampling and mapping, RAB drilling and, in the new year, diamond drilling.”
Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold.
The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the exploration to date show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend.
The Company has 101,674,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM
at 2:28 PM on Wednesday, November 4th, 2020
The most pessimistic forecasts of copper demand, and pricing, during the worst pandemic in 102 years, have failed to materialize.
From a four-year low in March, when the coronavirus slammed into Europe and North America, the red metal used widely in construction, communications, transportation and energy transmission, has mounted a serious comeback.
As of this writing spot copper is trading at $3.08 per pound, compared to around $2.10/lb in mid-March – a gain of 46%. The spot price has stayed above $3.00 since Oct. 8 – which is remarkable considering the reports of impending economic doom, amid a second wave of covid-19 infections in Europe and North America.
The following analysis by AOTH has copper showing no signs of slowing down; in fact, while the copper market was tight before the pandemic began, we expect it to tighten even further, due to a constellation of factors, starting with China.
The Chinese economy became the first major world economy to return to its pre-virus growth trajectory, when it posted positive numbers in the second quarter. Recent figures from China’s National Bureau of Statistics indicate that third-quarter GDP growth is up 4.9% from a year ago. Between April and June, Q2, the bureau reported a 3.2% rise. The Chinese are well ahead of their trading rivals as they strive to put the pandemic for which they were responsible, behind them.
According to the World Bank and the OECD, the Chinese economy in 2020 will grow 2% – the only G20 country to mark positive economic output this year. Beijing has managed to largely contain the virus in recent months after the pandemic shut down its economy. Commerce and travel have been allowed to resume, which is driving economic growth and fueling demand for copper and other industrial metals, like aluminum and nickel, whose prices are also climbing.
Other reasons for a rising copper price include covid-related restrictions imposed on the copper mining industry, along with speculative interest in the metal due to a weaker US dollar.
Copper output from the world’s top 10 producers declined 3.7% during the second quarter, due to nation-wide lockdowns in Chile, Peru and Mexico.
China’s copper dominance
Chinese growth statistics have always figured prominently in copper price forecasts – no surprise considering that China is responsible for just under half of the world’s production of copper and copper alloys semis, the industry term for first-stage products made from refined copper.
The Asian superpower is also the largest importer of unwrought copper, along with copper ores and concentrates.
Its manufacturing sector back on track, China’s copper imports rose sharply over the past four months; in September, the country imported 62% more copper than the same month in 2019. Unwrought copper imports of 4.9 million tonnes during the first nine months of the year, were up 41% from the same period last year.
According to Reuters columnist Clyde Russell, China has been vacuuming up copper, boosting the price at a time when demand elsewhere in the world was looking sickly as the virus spread.
Why is China importing so much copper? Russell claims the buying spree is being driven by Beijing’s stimulus spending following the national lockdown during the first four months of the year. But he also says it is likely that substantial volumes of copper are flowing into stockpiles, either strategic or commercial.
We agree, and have been writing quite a bit about this lately.
Obviously we can’t say for sure, given China’s opaque statistics, but we suggest a good chunk of the raw materials are going into bulking up the Chinese Military, in particular its navy patrolling the South China Sea. In other words, China is preparing for war.
The mining industry’s experience of China locking up the world’s mineral resources testifies to how far the Chinese will go to ensure their ever-growing demand for mined commodities is met.
Locking up supply
While iron ore ad copper were the hot targets of overseas acquisitions by Chinese firms as they sought to feed an economy that up until 2015 was growing at double digits, the Chinese have also gone after gold, nickel, tin and coking coal. More recently the most desired metals are those that feed into the global shift from fossil fuels to the electrification of vehicles. This has meant a hunt for lithium, cobalt, graphite, copper and rare earths – metals that are used in electric vehicles, of which China has become the world’s leading manufacturer. EVs use a lot of copper, four times as much as a regular vehicle, and China hasn’t been shy about boosting its copper reserves to meet expected demand.
Two large Peruvian copper mines are owned by Chinese companies. Chinese state-run Chinalco owns the Toromocho copper mine, while the La Bambas mine is a joint venture between operator MMG (62.5%), a subsidiary of Guoxin International Investment Co. Ltd (22.5%) and CITIC Metal Co. Ltd (15%). The Chinese-backed Mirador mine in Ecuador opened in 2019.
Most of the metal produced under these off-take agreements will NEVER come to the market anyplace other than in China. Those metals that do, can have their supply shut down any time the Chinese want.
In Brazil, Chinese banks and investment groups have committed $15 billion of a $20b China-Brazil Fund, launched in 2016 to finance infrastructure projects.
The Made in China 2025 initiative, which aims to make China’s copper industry more efficient, is expected to grow Chinese copper demand by an additional 232,000 tonnes by 2025. This isn’t counting the need for more copper for railways, electric vehicles, car motors and power transformers.
Posted by AGORACOM
at 9:13 AM on Monday, October 26th, 2020
American Creek’s JV Partner Tudor Gold Intersects 1,152 Meters of 0.741 gpt AuEq, Including 1.561 gpt AuEq over 121.5 Meters and 0.968 gpt AuEq over 414 Meters with Hole GS-20-75
Step-Out Hole GS-20-70 Extends the Goldstorm 300 Horizon and CS-600 Zone Another 150 Meters to the Northeast as Drilling Continues with Six Drills at Treaty Creek
Cardston, Alberta–(Newsfile Corp. – October 26, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to present results for the fourth set of diamond drill holes at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling continues with six drill rigs currently working on the Goldstorm Zone which is on-trend from Seabridge’s KSM Project, 5 km to the southwest. All nine of the recent drill holes have successfully intersected the Goldstorm System expanding the mineralization to the northeast and southeast, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and in addition, the CS-600 and DS-5 systems have been expanded to the northeast and to depth as well. All 26 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., stated: “The goal is to drill-define the limits of the Goldstorm system mineralization. We are very pleased with the results obtained from the 2020 drill holes that have yet to define limits or boundaries to the mineralized target along the northeastern and the southeastern axes, and to depth as well as we keep encountering mineralization versus non-mineralized host rock. Drill hole results from GS-20-75 demonstrate that several aspects of the mineralized horizon appear to be gaining strength at depth with significant Au-Cu-Ag mineralization encountered in the CS-600 zone which averaged 0.968 gpt AuEq over 414 meters. Our technical team has to date received drill hole results from 26 diamond drill holes at Goldstorm and three holes from the PSZ Zone, totaling 24,343.6 meters. Samples from 12 drill holes are awaiting results from MSA Labs, totaling 12,443.7 meters, with six additional holes currently being drilled that are expected to total more than 6,500 meters. The information released to date represents just over half of the drill information we plan to collect for this year’s program at Goldstorm. We have also received good news from MSA Labs that they hope to get back to our scheduled 15-day turn-around-time for results. We are confident that our combined efforts will expediate the news flow for the near-future.”
Goldstorm Highlights include:
Nine diamond drill holes in this release totaled 10,234.2 meters, all hitting the intended targets with favorable results listed in the tables below.
Best intercept was from GS-20-75 on Section 114+00 NE that averaged 0.741 gpt AuEq over 1152.0 metres (112.0-1264.0 m) containing an enriched portion of 121.5 meters (232.0-353.5 m) that averaged 1.561 gpt AuEq.
GS-20-75 also had a remarkable 414.0 meter intercept (833.5-1247.5 m) of 0.968 gpt AuEq within the CS-600 Zone, which is the longest intercept for CS-600 drilled to date.
Tudor Gold has surpassed the previous longest mineralized intercept with GS-20-79 on section 112+00 NE, 150 meters southwest of GS-20-75. This hole intersected 1338 meters (81.5-1419.5m) of 0.595 gpt Au Eq with the upper portion of the 300 Horizon averaging 0.877 gpt AuEq over 484.5 meters (81.5-566.0 m).
A 150 meter extension of the 300, CS-600 and DS-5 Zones was confirmed by an aggressive step-out to the northeast with hole GS-20-70 on section 115+50 NE. The intercept averaged 0.500 gpt AuEq over 1218.0 meters and mineralization remains open to the northeast, northwest and southeast along Section 115+50 NE.
The DS-5 System appears to be gaining strength to the northeast; hole GS-20-64, the north-easternmost hole, returned the strongest result for DS-5, averaging 0.983 gpt AuEq over 550.55 meters with an enriched portion averaging 1.482 gpt AuEq over 154.5 meters (Press Release July 27, 2020).
The following three tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.
All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table lll: Drill Data for Holes Completed, Pending Results and Currently Drilling
Attached are Sections 109+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with gold and copper histogram results and a Plan Map showing the drill hole and section locations.
Walter Storm, President and CEO, stated: “For the fourth consecutive press release this year, we again are very pleased to announce a result that surpassed our finest result from the 2019 drill program. Last year, we had an excellent intercept from hole GS-19-47, which yielded 0.697 gpt Au Eq over 1081.5 meters (Section 114+00 NE)- and now we have yet another hole, GS-20-75 with a comparable result that was drilled along the same section but in the opposite direction from GS-19-47. Drill hole GS-20-75 averaged 0.741 gpt Au Eq over an impressive 1152.0 meters. With every hole our technical team completes, we are further defining the mineralized area. Clearly, however, much more drilling is required to locate the limits of the system due to the size and robust nature of the mineralization. Our commitment is to advance the project as far as possible this year and our team will push the winter elements to continue drilling as long as the conditions permit. We are proud of what we have achieved in these last two years of exploration. Given the amount of geological potential that the entire project possesses with the Goldstorm, Perfect Storm Z, Eureka and Orpiment Systems, we believe that similar results will continue to enhance the prospects for the Treaty Creek Project.”
Darren Blaney, CEO of American Creek commented: “The Goldstorm continues to impress. Yet another step out hole has hit significant gold mineralization and has extended the zone another 150m to the northeast. Even after all this 2020 drilling, we still don’t know the extent or bounds of the Goldstorm but clearly, it’s a truly massive gold zone. I congratulate Walter, Ken, and the whole Tudor team on the incredible effort and the associated incredible success as they continue to keep six drills turning at Treaty Creek. I also commend Sean and the More Core Drilling team for their commitment and Get it Done attitude and professionalism.”
Tudor Gold Corp and associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those who are at the project site and staging site, we have strict daily monitoring of the workers’ temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Treaty Creek Background
The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.
For a better understanding of the mineralized zones at the Goldstorm, please view this video (which shows the original 20,000m planned drill program opposed to the 40,000m+ drill program that has taken place).
American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek JV with Tudor Gold/Walter Storm, the D-1 McBride, and the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.
See additional images of drill locations in this press release at www.americancreek.com.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com.
Neither the 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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Corporation’s management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Corporation’s profile on www.sedar.com. The Corporation does not assume any obligation to update any forward-looking statements.
Posted by AGORACOM
at 9:41 AM on Friday, October 23rd, 2020
The 4 Reasons Goldman Sachs Believes Candente Copper is a World Class Company
Candente Copper (TSX: DNT, BVL: DNT) owns 100% of a copper deposit in Peru and has big plans to become a miner. Candente owns a large, economic, copper ore body in Peru waiting to be mined.
Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit.
Simply put, it is a mountainous rock body that holds 7.5 billion pounds of copper and has had multiple scientific studies propelling it along the way toward production. Strengthened by Goldman Sachs belief it is one of the top 80 copper deposits yet to be exploited and strategically guided by Australian Iron Ore giant Fortescue’s 19% inside ownership, Candente has the lowest quartile production costs that make it an intriguing project today and a must have for tomorrow.
Reasons Why Candente Copper is A Top Small Cap Copper Company
1. Goldman Sachs has Canariacao Norte listed as one of the top 80 projects waiting to be developed worldwide and is top 42 in South America. Mining projects take a long time to be developed due to the strict standards required to prove metal content in the ground, which Candente has proven it has tremendous amounts of.
A single, contiguous, open-pit mineable deposit of 7.5B pounds Measured and Indicated and can be mined for 22 years once in production speaks to the stability of the project
2. Supported Strategically by Fortesque’s 19.9% Ownership
Fortesque is recognized as a global leader in the mining industry. Fortesque holds 19% Candente and became involved to advance Canariaco further into development. Fortesque committed 1$Million in January 2020 with an eye toward production and is considered a strategic investor, which means they have a long-term timeline for joint exploitation of the asset.
Fortescue is one of the largest global iron ore producers, recognized for its culture, innovation and industry-leading development of world class infrastructure and mining assets in Western Australia. This is truly a partnership which seeks to equally progress Canariaco into development and Candente into production status. The accepted odds for a discovery to find its way into production is about 1 in 1000, and speaks to the sheer difficulty of the exercise.
Candente is close to the finish line and Fortesque is there for the final push.
3. Canariaco is in the lowest quartile of production costs
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
Canariaco has 7.5Billion pounds of copper measured and indicated 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). A long stable mine life is what attracts quality investors like Fortesque.
Canariaco is a stable, long term investment once it is producing because its output is consistent every year. The risk has been removed from the project.
4. Canariaco is the 1st of 3 projects all in the same area waiting to be discovered.
Candente has the opportunity to make further discoveries through Canariaco South and Quebrada Verde, both within a 5km trend that shares infrastructure. Management believes Canariaco Sur is a mineable deposit and will add tremendous support to shareholders in the future. Quebrada Verde demonstrates the same minerology and potential as both Norte and Sur which and requires future exploitation
Each of these projects will benefit greatly from Canariaco’s development as it will make development even cheaper than Canariaco Norte due to the infrastructure that will be in place, possible pushing Canariaco’s future overall costs even lower.
Posted by AGORACOM
at 10:43 AM on Wednesday, October 21st, 2020
Vancouver, BC – TheNewswire – October 21, 2020 – Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to report that further to its news release dated October 8, 2020, the Company has started an exploration program on the East Barry Property which is located 2km east of the Trove Property at Windfall Lake, Quebec.
The East Barry Property was recently expanded in size and is now 7,740 hectares, bordering Osisko Mining Inc. (TSX:OSK) on the west and Bonterra Resources Inc. (TSXV:BTR) on the north. Durango’s exploration crew was tasked with exploring the East Barry along the 10km long gold in till trend for geological reconnaissance. The crew has also been asked to proceed with a north south Spontaneous Polarity (“SP“) geophysical survey across an area of high interest.
Due to the rehabilitation of old access roads, the exploration team is able to complete geological reconnaissance in areas previously unaccessible on the East Barry Property. New outcrops have been discovered on high ground providing key geological information for the area. During this exploration campaign on the East Barry Property, a mineralized quartz feldspar porphyry (“QFP“) dike associated with quartz veins was discovered (see Figure 1).
Figure 1. QFP dike with 0.5 to 1% pyrite mineralization along the newly cleared road.
Marcy Kiesman, CEO of Durango, stated, “Durango’s exploration crew took the opportunity of favourable weather and newly rehabilitated roads to expand the ground exploration program onto the East Barry Property. The East Barry Property has minimal outcrop, so all of the information we can gather on rock exposure is extremely important in order to identify geological similarities with the Windfall Lake deposit and potential mineralization associations. Durango will continue to explore the East Barry Property in the upcoming weeks concurrently with its ongoing drill campaign on the Trove Property. We look forward to analyzing the results in comparison with our neighbours’ data.”
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The Trove Property has not yet been subject to an NI-43-101 report.
Trove Property, Quebec
Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX-OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is currently undertaking its inaugural drill program.
East Barry Property, Quebec
Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“IP“) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Posted by AGORACOM-JC
at 3:19 PM on Monday, October 19th, 2020
Welcome to be on the press release a production of AGORACOM in which we speak to small cap executives after they puto ut important news. Durango resources trades on the TSX venture on the stock symbol DGO Marcy is the president of the company for those of you new to the store that’s gonna be a lot you can or just come out with it Durango owns a 100 percent interest in the trove claims those are surrounded by a Osisko mining in the windfall lake gold district between val-d’or and Chibougamau I lost of that name Quebec that trolled property is located along the structural trend that’s hosting a Osisko mining’s windfall lake deposit and the Osisko was recently purchased claims along the troll property boundary and those 2 cells along with black along with the black dog gold deposit are tied to the troll property northern boundary off 500 meters away from Durango’s planned drill targets up here to talk about all of that is Marcy welcome back. Good afternoon nice to be here great to have you. You certainly play with big neighbors are you got Osisko all around you. 500 meters of the delivery throw snowball almost at their property their their assets what is it about trove that was so special for you and it’s so special to a Osisko being right around you. Okay well so to be clear the properties aren’t special until we prove that their special which is exactly what we are working on current only I’m the old adage is if you want to find gold go where they’ve already found it which is exactly what we have done that when fully come back home to wrangled holds are small land position in comparison to our big neighbors as a Osisko but realistically you don’t need a huge one position to have a deposit or mind the key is to hold strategically positioned claims which have the best potential to host the school deposits so our true property is special because we’ve got to known gold producing faults running through the property which are great potential indicators for the property just alone on those 2 things today we’ve done humus sampling we’ve done till sampling we’ve done some I. P. and airborne work and currently we’re working on surface trenching and exploration drilling on our natural project so yeah that’s kind of it not so for that for our work so far on the troubled does it but does all that work before you can start it does give you great great comfort knowing that a Osisko is sold nearby and that they’re doing so much work so close to you I’m sure you could probably see them right across the way right yeah well we actually stumbled on and saw one of their drill flags that was just about 300 meters over our property boundary when we were moving around up there so yeah they’re definitely right there and the one that we just stumbled upon we looked up and stuff and it’s one that they have found up to 5 grams per tonne gold so it’s great to know that there’s gold around us so we just have a better potential finding it on our troop property as well which is what we want for not only us but for all of our shareholders to keep everybody happy and making money and do there that number you just reference with all the draws also the Osisko put out last week. On their windfall gold project no the ones they’ve been putting out the last one that I’ve been looking at are the ones that are further north up around their links project which is north of us yet because they’ve got as we know quite a big land position so they’ve got the windfall lake they’ve got the lynx deposit and the black dog and they’re working on and drilling right now and it’s about 5 kilometers north of us so so there’s we’re kind of all around us from this is cool but the one that had the real nice big numbers are is further north of us up around their legs deposit so let’s talk about what you’re doing on troll view just announced drawing out what do you looking to achieve and how big is this for first program going to be. I’m so what we have permanent right now on the troop is for 15 drill holes and we’re gonna methodically go through those drill holes for starting at the holes that are nearest to the Osisko hole that’s like just 300 meters over a border first and then we’re working our way back from there the plan at troops so far is around 2200 meters is what we’ve budgeted but we can R. and drilling contractors to go up to 5000 meters and I’ve given our technical team free reign of the need to go deeper they can feel free to go deeper and as long as they got the permits and stuff on the holes that they’re doing they’ve they’ve got room to move on those holes deeper and if they need to act mineralization wanna check things out we got the degree drill team up there and we got a great exploration crew and they’ve been busy busy busy and fighting that elements literally it’s been record rains up there this last while also we’ve had machinery getting stuck and things getting Hold to it’s it’s been great fun. So I guess it’s fair to say and I was gonna ask you even though it’s early you know any progress update but I’m assuming you know it’s still way too early for for much of an update their drill results yeah we’re going to be a little bit yet as we all know Covid affected every aspect of the world and this is just another one of them a lot of the labs that we have been talking to and working with they’ve got room at the labs but they don’t have anyone to work in the lab because people are off on the government assistance programs so. It’s slow but we’re expecting our channel samples because we did a lot of mechanical trenching at surface on the truth that we did and the couple 0 sample range so we sent them to 2 different labs and we’re expecting to get those back relatively soon it’s been a while the cruise going up and working on the projects up there since September 3 and we’re getting into almost the middle of October so things will be certain to come back shortly which will begin hopefully we’ll have some good news to report on those before we can get our drill results and it’s finally brought the mechanical trenching because some people think that this is coordinated between it but it’s not in your last press release you actual quote that I want to ask you on that so here’s next okay the results of the mechanical trenching and you just put the result of mechanical trains as much have been eye opening by whatever I see things like that it’s okay I’ve got a drill down further pardon but I’ve been I’ve opening with the discovery of a sizeable northeast years on multiple occasions with quartz veining and pie right at surface and important geological indicators near the initial drill targets not for a lot of people at home they’re not going to stand what that means but it definitely sounds like an enthusiastic what would you say have been I. opening so in layman’s terms maybe you can explain to us why those are it was I opening well I could do layman’s terms because I am a woman I’m not a geologist so. You know I just generally just. So basically yeah the mechanical trenching has been very successful up at virtual property because there is there’s a lot of overburden which is just like a lot of low lying shrubs and small trees that we’ve cleared out and with the trenching we were within a day be able to open everything up so we could see the rocks that were in your service and. We found this in northeast shear zone so why these shear zones are important is they basically run through our troll property and they run up towards one ‘s running out into windfall lake the real little fault and then there’s a very fault that runs up to goes and goes to the gladiator deposit on volunteer resources so this is pretty interesting that we were we can like visibly see it we’ve done airborne surveys we’ve done I. P. which are. A ways away that you can see things from a distance you go up in the air with that magnetic and you can see that as a residence in image yeah and then you can see basically where the the cracking of the earth is and where the rocks are changing direction in which way things are moving which is important because in order for gold to flow up into these places we want where there’s been lots of friction lots of action and and cracking so the gold can flow up into these places and we can now napo and look and say okay the I. P. and airborne survey showed this and we actually can physically see it at surface where it’s coming out and cropping and it lines up perfectly with all the other information that we assume to be true and that was there and now we can literally see okay there it is and it lines up with everything that we’ve done to date so that’s great and the fact that it’s only 75 meters away from one of diet drink goes high priority drill targets is even better so hopefully we’re doubling with the greatest respect numbers when a great surprise right today because if you practice stumbled upon it. Well yes and no we will the reason we planned our drill holes we would spend months and months planning everything in order to try to intersect these things so it’s great to know that we weren’t wrong basically. Yeah well that and that’s that’s a great start let’s hope so while waiting for that to happen so that’s great lot of action and we’re expecting results like start coming back in due time so you’re gonna be back quite a bit in 2020 that’s for sure for one at home windfall lake it’s not just you and the Osisko that’s the most active gold exploration camping Canada from understand and they’re 21 all drill rigs are on site at windfall as of June so. Give everyone a bit of an overview of how big windfall lake is and why it’s white so smart for you to be there okay perfect so yeah basically north of us and surrounding the troll property we have a Osisko mining which everybody here has probably heard of that is interested in Canadian gold mining and the Osisko right now has just over 5000000 ounces I believe that their windfall lake deposit and and Bonterra resources has 838000 ounces at the deposit which is also north of us and then a little further north east of us the gladiator deposit is 1.1000000 ounces and a deposit there and so so far that camp has over 7000000 ounces of indicated and inferred gold resources just in the immediate area of us which is fantastic we do have a common denominator with our one of our neighbors to the north Montero as deal gin is head of our technical team and he was also V. P. acts for volunteer resources and when they discovered that gladiator deposit just north of us so he’s been weighing in and keeping an eye on things and guiding and directing us as we go along with our exploration right now so he’s pretty excited to see what we’re gonna pull out of the ground as well it certainly helps to have some like him along who’s who’s actually been successful discovering gold yes deals in the region if anyone knows how to edit them he’s made like 7 discoveries and one of them is not very far away from us so and he’s also a shareholder of Durango as well as all of the members of our technical team which is which is great yeah I forgot all that something I should mention and I’m glad March to kind of remind me there 40 percent insider ownership including Marcy herself at 16 percent that’s that’s as of the latest numbers you you guys of you all put your money where your mouth is. And that’s a big difference from a lot of companies out there who you know they do the work good companies but the end of the day you know they’re collecting a nice paycheck and not really going for where’s what does it say what should that tell everyone that the manager team the inside there’s a 40 percent insider ownership including 60 percent of that being you. Well like you said if if you wanna if you wanna play you’re gonna have to play big we got big neighbors to play with to put your money where your mouth determined to find a gold deposit and in the past year gold prices have already come up from like 1450 to over 2000 US around so we’ve got a lot of indicators are going in and out definitely if I could be by more right now I would be but well we’re drilling I don’t think it’s prudent for me to be purchasing anymore shares are in the deal but that doesn’t. In July just Canada’s deficit forecast was projected which is the largest deficit shortfall since World War 2 and I just was reading in the headlines yesterday in the U. S. the cost of coal bit is is probably going to be around $16000000000000 which is crazy like almost a full year’s GDP for the USA so this means that our gold prices not going lower anytime soon the flood the feds are just flooding the markets with currency and it’s not just North America it’s this is a global thing not just a global pandemic we’re dealing with we’re dealing with global currency dealings gold star and the global global printing pandemic and that’s what that’s not stopping which means gold and is just going to continue to rise and it’s been great for us juniors it’s been the financings that I’ve seen come out in the last few months are just phenomenal with all the money all these juniors can now hit the bush to get working on our properties that we’ve been waiting so desperately poor and now we’re gonna find out there’s gonna be a lot more new discoveries and so therefore the sharing our prices are gonna be increasing for all these juniors and it’s gonna reward all shareholders like myself and hopefully you and everybody else and everyone was risk their capital and supported all these juniors I think we’re all gonna be winners in the end and Durango is a big part of this Russian we’re super excited we just completed a 2.8Mfinancing which is the biggest in the history of the company now we’ve got money to drill an exploratory parties like we never had before we’ve got a fantastic technical team exploration crew that’s willing to work 24/7 it’s exciting to be part of Durango and so excited and I want everyone who’s a shareholder there to know that our team is giving 110 percent for this program we spent months and months of planning it working on it making sure we had everything just so I actually want to take 1 minute to just say thank you to all of our shareholders and whether you’ve been a shareholder for 2 days are for. 10 years at you guys some of you guys have been in like me for the long haul and I just want to say thank you and I hope that your long wait will not be disappointing. Marcy this is what I love about our videos you just can’t get that kind of raw emotion that kind of leadership through a press release or blog post and I could have actually was gonna ask you a couple more questions about but I want to enter right there because that was powerful I love it and it shows you know that you’re all in on this your passion about it because you’ve you’ve got just the biggest stake as all the other shareholders so it event was motivated to see something great happened for Durango it’s you and thanks to that that was you for me as a shareholder dollars powerful stuff okay let’s get. You’ve been watching or you’ve been listening by podcast Marcy she’s been she’s president CEO of Durango resources as you can tell the governor trades on the TSX venture exchange under the stock symbol DGO now you’ve heard or listen to what Marcy had to say now it’s your turn you gotta do some diligence first thing I wanna do is get to the Durango hubo n AGORACOM specifically the profile page were laid everything out for ya in a great overview summary because we know there’s a lot to absorb here but we’re going to give that first overall summary then go over the Durango side do some deep dive into not only trove but India often windfall lake and up and up and go back to most of the east berry they’ve also discovered property we’ll talk about those next time so there’s a lot there’s a lot below the surface for Durango and hopefully today you’ve discovered your next great small cap gold company thanks for joining us everyone have a fantastic day so next time thanks George.
Posted by AGORACOM
at 9:08 AM on Monday, October 19th, 2020
5 drill holes are planned
Historical grab samples range from from 1.8 g/t Au to 61.73 g/t Au
TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that drilling has begun at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District along strike to the northeast of New Found Gold Corp’s gold discovery announced earlier this year.
Drilling started in the area around the Cracker showing where up to 5 drill holes are planned. Holes are targeting VLF-EM conductors associated with an altered mineralized gabbro and anomalous gold in soil samples. Historical results from the Cracker showing include grab samples from trenching ranging from 1.8 g/t Au to 61.73 g/t Au and channel samples ranging from <5ppb to 1.89 g/t Au.
Drilling will then proceed approximately 2km southeast to test coincident gold in soil and Mag-VLF-EM targets along two interpreted secondary structures trending northeast and north-northeast. Gold concentrations in soil samples range from below detection up to 281ppb (0.281g/t) with six samples assaying more than 100ppb Au (>0.1g/t Au). The higher concentrations are associated with the two structures.
The third drilling area is located a further 2.6km to the southeast near the Appleton #2 showing close to the intersection of a northwest trending structure with the north-northeast structure targeted in Area 2. Gold in soil anomalies range from below detection up to 686ppb (0.67g/t Au) and are associated with a strong northeast trending conductor.
The last two areas for drilling are further to the northeast approximately 4.8km and 7 km northeast of the Cracker occurrence. The first area is in an area of complicated structure that is currently being covered with the CSAMT Survey (see news release dated October 8th, 2020). Gold in soil samples range from below detection up to 547ppb Au. A single historical till sample in the area assayed 1,093ppb Au (1.09g/t) and contained 60 gold grains. This area will be drilled following receipt of results from the CSAMT survey.
The final area covers an interpreted north-northeast trending splay of the Appleton Fault Zone. Gold in soil samples range from below detection to 1,618 ppb (1.62 g/t Au).
“The start of drilling on the Kingsway Project is a major milestone that we have worked hard to achieve this field season,” said Roger Moss, President and CEO of the Company. “The last drilling on the property was in the nineties, so we are excited to drill this prospective region after a more than twenty year hiatus.“
Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold.
The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the exploration to date show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend.
The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM-JC
at 7:58 PM on Sunday, October 18th, 2020
Durango Resources (TSXV:DGO) Resources is positioned to make the next gold discovery in Windfall Lake, Quebec. Drilling has commenced on the Trove property and Durango management eagerly awaits the results. The Trove property is in close proximity to Osisko’s Windfall Camp where Osisko acquired 2 claims along the boundary (in addition to their existing 12,000+ hectares in the area) with Durango’s Trove property. Years of exploration lead Durango to delineate 2 known gold producing faults with 15 drill holes targeting mineralization on the property.
Durango has multiple areas that are prospective for another discovery in the Windfall Lake Camp, so grab your favorite beverage and enjoy learning about how Durango could be the next SmallCap discovery in Windfall Lake.
Posted by AGORACOM-JC
at 8:55 AM on Thursday, October 15th, 2020
American Creek Resources (AMK:TSX-V) Treaty Creek Project has been the subject of incredible discussion in 2020, including by Eric Sprott who stated Treaty Creek may have as much as 50,000,000 ounces of gold this summer.
There isn’t a single junior exploration company that isn’t envious of Treaty Creek and the one good problem it is creating for the Company – it is overshadowing everything else in the Company. As such, AMK announced the following:
“American Creek Announces Spinout of Dunwell Property and Other Properties and Assets and Sets Date for Annual General & Special Meeting”
Watch this powerful interview with CEO Darren Blaney as to the reasons for the spinout that go well beyond the obvious.
