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Labrador Gold $LAB.ca Appoints Mr. Matthieu Lapointe Vice President Exploration $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca

Posted by AGORACOM at 8:10 AM on Thursday, October 1st, 2020

TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the appointment of Matthieu (Matt) Lapointe as VP Exploration effective immediately.

Mr. Lapointe, P.Geo. has over 15 years of greenfield and brownfield precious metal exploration throughout Canada and internationally. Most recently Mr. Lapointe was Chief Geologist for TMAC Resources where he developed exploration strategy and managed regional exploration of the 1,600 km2 Hope Bay Project in Nunavut including brownfield targeting at the active Doris gold mine and two advanced stage gold deposits.

“I am very pleased to welcome Matt to the LabGold technical team,” said Roger Moss, President and CEO of the Company. “He is a seasoned explorationist well versed in evaluating large land packages and advancing projects from grassroots to production stages. I expect him to have an immediate impact on our exploration program at Kingsway, especially as we gear up for our fall drilling campaign.”

Matt Lapointe commented, “I am pleased to join the LabGold team as the company begins the next phases of exploration. LabGold has assembled an impressive property portfolio and have been systematically exploring highly prospective areas. The progress and results to date are encouraging and I look forward to continue advancing these exciting projects.”

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

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. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. 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 property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

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 2017 reconnaissance exploration program following up the lake sediment anomalies 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 anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 93,294,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEO Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Tags: #Crescat, #Crescatcapital, #Discovery, #Drilling, #Gold, #Greenstone, #Groundtruth, #Hopedale, #Kingsway, #LAB, #LabGold, #LabradorGold, #NewFoundGold, #Robinhood
Posted in All Recent Posts, Labrador Gold | Comments Off on Labrador Gold $LAB.ca Appoints Mr. Matthieu Lapointe Vice President Exploration $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca $CFE.ca

Pullback in Gold Price ‘Is Unlikely To Turn Into A Rout – TD Securities SPONSOR Durango Resources $DGO.ca $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 12:44 PM on Thursday, September 24th, 2020

Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The 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. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info

Gold’s bull rally is being challenged by strong U.S. dollar gains but this current pullback “is unlikely to turn into a rout,” according to TD Securities.

“Justice Ginsberg’s passing and its implications for a Phase 4 deal, rising Covid cases, and the upcoming election uncertainty have created vulnerabilities for the yellow-metal longs … [But] the secular bull market is intact, as long-term inflation expectations will likely continue to rise post-election, particularly if a fiscal deal can be agreed upon in the U.S.”

Gold’s late-longs are currently being punished as gold trades “nearly tick-for-tick with the broad dollar index.” TD Securities also points to a rise in ETF gold holdings in recent days, which shows that there is still investment appetite for gold. “The elevated hurdle rate for CTA liquidations further limits the extent of the liquidation for both gold and silver.

The risk for gold bugs is therefore limited to an extension of the global risk-off which catalyzed the dollar’s breakout,” TDS says.

SOURCE: https://www.kitco.com/news/2020-09-24/Pullback-in-gold-price-is-unlikely-to-turn-into-a-rout-TD-Securities.html

Tags: #BTR, #DGO, #Drilling, #Gold, #OSK, #silver, Abitibi, EastBarry, Exploration, Osisko
Posted in All Recent Posts, Durango Resources | Comments Off on Pullback in Gold Price ‘Is Unlikely To Turn Into A Rout – TD Securities SPONSOR Durango Resources $DGO.ca $OSK.ca $BTR.ca $SII.ca $TLG.ca

Tajiri $TAJ.ca Commences Drilling at the advanced Morley Prospect, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM at 7:02 PM on Monday, September 21st, 2020

VANCOUVER, BC, Sept. 21, 2020 /CNW/ – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to announce that reverse circulation drilling commenced September 18, 2020 at the advanced Morley Prospect situated on the Company’s wholly owned ~1,100km2 Reo Project, located 150 km west northwest of the capital of Burkina Faso, Ouagdougou.

At Morley, where historic drilling, conducted between 2008 and 2012, intersected shallow high-grade gold intersections such as:

32m @ 17.5g/t from 2m,
6m @ 38.9g/t from 8m,
2m @ 18.0g/t from 17m,
10m @ 9.6g/t from 74m,
1m @ 75.5.5g/t from 33m,
6m @ 4.1g/t from 60m,
8m @ 9.4g/t from 16m,
10m @ 7.6g/t from 16m;

Gold mineralisation is hosted by low sulphidation quartz veins in granodiorite situated ~400m from a regional scale contact between the granodiorite and greenstones. Modelling of mineralisation at Morley by Tajiri suggests that the orientation of mineralisation is parallel to a set of late tensional structures that are disposed at an high angle to regional belt strike and such structures elsewhere in Burkina host significant high grade gold mineralisation e.g. Rox Gold’s Yaramoko Mine and West African Resources’ M1 South Deposit.

The purposes of the current 3,600m drill program are several:

to test strike and dip continuity of mineralisation over a 400m strike x 130m down dip portion of mineralisation;
to test the possibility for stacked lodes within a 400m (l) x 250m (w) x 130m (d) volume mostly above the main interpreted lode which strikes NW and dips 35-60˚ to the NE;
to obtain samples for preliminary cyanide bottle roll tests;
to delineate any higher grade shoots and their orientation within the broader mineralised envelope;
to lay a solid foundation for step out drilling, along strike, across strike and down dip; and
to advance the Morley prospect toward an initial inferred resource estimate.

Tajiri expects to release first results from its maiden drill program at Morley within the next 3 to 4 weeks and expects to complete drilling within 5 to 6 weeks. After which the contracted rig will move 20km south to the K4-K5 prospect where a further 4,000m of RC drilling is planned.

The Company also wishes to clarify finder fee amounts paid on the closing of a non-brokered private placement, as reported in news released August 19th, 2020 and updated September 3rd, 2020; being that total finders warrants issued in relation to the offering were 1,116,933 while cash consideration was $191,620. All other details remain the same.

On Behalf of the Board,

Tajiri Resources Corp.

Graham Keevil,
President, CEO

Tags: #Artisinal, #Discovery, #Drill, #Gold, #Guyana, #Smallcap, #Stocks, #TAJ
Posted in All Recent Posts, Tajiri Resources | Comments Off on Tajiri $TAJ.ca Commences Drilling at the advanced Morley Prospect, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Loncor $LN.ca Outlines New Mineralised Trends, In Close Proximity to Key Adumbi Deposit in the DRC $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM at 7:38 AM on Monday, September 21st, 2020

Exploration results have outlined a number of significant, undrilled mineralised trends at its 84.68%-owned Imbo Project.
Situated approximately 9 km from our key deposit of Adumbi

TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQX: “LONCF”; FSE: “LO51”) is pleased to announce that the recent exploration results have outlined a number of significant, undrilled mineralised trends at its 84.68%-owned Imbo Project. The focus of exploration by Loncor during 2020 has been along trend in the southeast of the Imbo Project from the 2.5 million ounce Adumbi, Kitenge and Manzako deposits (inferred mineral resources of 30.65 million tonnes grading 2.54 g/t Au) previously delineated in the northwest of the 122 square kilometre project area.

Commenting on these results, Loncor’s President Peter Cowley said: “Situated approximately 9 kilometres from our key deposit of Adumbi, we are very encouraged by the exploration results received to date on the eastern part of our Imbo Project. Additional infill soil sampling, augering and channel sampling will be undertaken at Esio Wapi, Paradis and Museveni to better define these mineralised trends prior to outlining drill targets later in the year.”

Table 1 – Channel Sample Results on Esio Wapi, Paradis and Museveni Mineralised Trends

Prospect	Workings	Channel_ID	Channel Width (metres) and Grade (g/t Au)	Lithology	Open/Closed
ESIO WAPI	Colonial	IECH033	19.80 m @ 1.58 g/t	Brecciated BIF	Open to northeast
ESIO WAPI	Colonial	IECH021	4.00 m @ 2.31 g/t	Metasediment	Open to southwest
ESIO WAPI	Colonial	IECH022	5.00 m @ 1.65 g/t	Brecciated BIF& Metasediment	Closed at both ends
ESIO WAPI	Colonial	IECH021	8.00 m @ 1.11 g/t	Brecciated BIF	Closed at both ends
PARADIS	Artisanal	IECH025	6.80 m @ 5.44 g/t	Metasediment with quartz vein	Open to Southwest
MUSEVENI	Artisanal	IECH008	1.40 m @ 62.10 g/t	Metasediment with quartz vein	Open to southwest & northeast
MUSEVENI	Artisanal	IECH006	6.00 m @ 4.37 g/t	Metasediment with quartz vein	Open to southwest & northeast

Gridding, geological mapping, soil geochemical sampling and channel sampling of old colonial trenches and artisanal workings have outlined three significant mineralised trends, Esio Wapi, Paradis and Museveni, to the east of the Imbo river and approximately 8 to 10 kilometres southeast of the Adumbi deposit (see Figure 1 below). Analytical results have been received for 21% of soil samples from the completed 5,440 metre by 2,320 metre grid and where soil samples were collected every 40 metres on lines 160 metres apart.

At Esio Wapi, soil geochemical results have outlined a number of plus 200 ppb (parts per million) gold in soil anomalies with a maximum value of 2,230 ppb Au over a 3.2 kilometre long mineralised trend (see Figure 2 below). Best channel samples from old colonial workings are tabulated in Table 1 above and include 19.80 metres grading 1.58 g/t Au (open to the northeast), 8 metres grading 1.11 g/t Au and 5.0 metres grading 1.65 g/t Au in brecciated banded ironstone (BIF) and metasediment. Individual rock sample values included 15.10 g/t and 7.88 g/t Au in quartz veins; 12.30 g/t and 6.39 g/t Au in BIF and 7.91 g/t, 4.81 g/t and 4.52g/t Au in metasediments.

On the Paradis trend, soil sample results are still awaited from the eastern part of the trend but soil anomalies (plus 200 ppb Au) in the western part of the trend occur over 800 metres of strike. Significant channel samples along the Paradis trend include 6.8 metres grading 5.44 g/t Au (open to the southwest) in metasediments with quartz veins. Individual rock sample values included 22.40 g/t, 5.84 g/t and 2.31 g/t Au in quartz veins.

At Museveni, soil samples are still to be received but artisanal workings occur over a strike of 2.7 kilometres. Channel samples from the artisanal workings include 6.0 metres grading 4.37 g/t Au and 1.40 metres grading 62.10 g/t Au and represent high grade quartz veins in metasediment. Individual rock sample values included 53.90 g/t, 32.80 g/t and 32.60 g/t Au in quartz veins and 18.10 g/t Au in metasediment.

Quality Control and Quality Assurance
Soil, channel and rock samples were put in sealed bags by Company geologists and sent to the independent SGS Laboratory in Mwanza, Tanzania. The samples were then crushed at the laboratory down to minus 2 mm and split with one-half of the sample pulverized down to 90% passing 75 microns. Gold analyses were carried out on 50g aliquots by fire assay. In addition, checks assays were also carried out by the screen fire assay method to verify high grade sample assays obtained by fire assay. Internationally recognized standards and blanks were inserted as part of the internal QA/QC analytical procedures at a frequency of four standards and two blanks per every 50 samples. Every eighth sample collected in the field was split and submitted as an unmarked duplicate for assay.

Qualified Person
Peter N. Cowley, who is President of Loncor and a “qualified person” as such term is defined in National Instrument 43-101, has reviewed and approved the technical information in this press release.

Technical Reports
Additional information with respect to the Company’s Imbo Project (which includes the Adumbi deposit) is contained in the technical report of Minecon Resources and Services Limited dated April 17, 2020 and entitled “Independent National Instrument 43-101 Technical Report on the Imbo Project, Ituri Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.

Additional information with respect to the Company’s Makapela Project, and certain other properties of the Company in the Ngayu gold belt, is contained in the technical report of Venmyn Rand (Pty) Ltd dated May 29, 2012 and entitled “Updated National Instrument 43-101 Independent Technical Report on the Ngayu Gold Project, Orientale Province, Democratic Republic of the Congo”. A copy of the said report can be obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov.

About Loncor Resources Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). The Loncor team has over two decades of experience of operating in the DRC. Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (TSX: “ABX”; NYSE: “GOLD”). In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz. Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in 1,894 km2 of Loncor ground that they are exploring. As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. In a recent announcement Barrick highlighted six prospective drill targets and have commenced confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.

In addition to the Barrick JV, certain parcels of land within the Ngayu Belt surrounding and including the Adumbi and Makapela deposits have been retained by Loncor and do not form part of the joint venture with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit. Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 84.68% of this resource being attributable to Loncor via its 84.68% interest in the project. Loncor’s Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).

Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering.

Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com.

Figure 1: Imbo Project Simplified Geology

Figure 2: Imbo East Soil and Channel Sampling (on Aeromagnetic grey scale Background)

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Tags: #Assay, #Barrick, #Congo, #Discovery, #DRC, #Drilling, #Gold, #leadership
Posted in All Recent Posts, Loncor | Comments Off on Loncor $LN.ca Outlines New Mineralised Trends, In Close Proximity to Key Adumbi Deposit in the DRC $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Candente Copper Corp. $DNT.ca Announces Election of Directors and Voting Results for the 2020 Annual General Meeting $CN.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 1:06 PM on Friday, September 18th, 2020

VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente” or the “Company”) is pleased to announce the voting results for its Annual General Meeting of shareholders held Thursday, September 17th, 2020 in Vancouver, British Columbia.

A total of 34,206,593 common shares, representing 14.05% of the Company’s issued and outstanding shares were represented at the Meeting and all motions put forward were passed.

The following sets forth a summary of the voting results:

Number of Directors
Determining the number of Directors at six (6).

Votes For:	89.75%
Votes Against:	10.25%

Election of Directors
Determining the Directors to hold office until the next annual meeting of shareholders of the Company.

	Votes For	Votes Withheld
Joanne C. Freeze	98.94%	1.06%
Sean I. Waller	94.81%	5.19%
Giulio Bonifacio	94.95%	5.05%
George Elliott	84.98%	15.02%
Andres J. Milla	84.98%	15.02%
Agustin Pichot	84.98%	15.02%

Appointment of Auditor
Appointing Davidson and Company LLP, Chartered Professional Accountants, as Auditors of the Company for the ensuing year at a remuneration to be fixed by the Directors.

Votes For:	96.76%
Votes Withheld:	3.24%

Approval of Unallocated Options, Rights and Other Entitlements under Option Plan
Approving, all unallocated options, rights and other entitlements under the Company’s Stock Option Plan.

Votes For:	88.95%
Votes Against:	11.05%

Shareholders Rights Plan
Confirming the Company’s Shareholder Rights Plan Agreement.

Votes For:	99.32%
Votes Against:	0.68%

Other Matters
Approving, other business as may properly come before the Meeting or any adjournment thereof.

Votes For:	89.64%
Votes Against:	10.36%

About Candente Copper

Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, which all occur within a 5 km long structural setting. The Cañariaco project is located in the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

Joanne C. Freeze, P.Geo., President and CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She have reviewed and approved the contents of this release.

This news release may contain forward-looking statements including but not limited to comments regarding 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. Candente Copper relies upon litigation protection for forward-looking statements.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

“Joanne C. Freeze” P.Geo.
President, CEO and Director
Tel +1 604-689-1957
[email protected]
www.candentecopper.com

Tags: #Canariaco, #copper, #Freeport, #Gold, #GoldmanSachs, #peru
Posted in All Recent Posts, Candente Copper | Comments Off on Candente Copper Corp. $DNT.ca Announces Election of Directors and Voting Results for the 2020 Annual General Meeting $CN.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Copper Price Rallies as Chinese Scrap Shipments Sink by 50% SPONSOR: Candente Copper $DNT.ca $CN.ca $FCX.ca $TECK.ca $FMG.ca

Posted by AGORACOM at 8:47 AM on Friday, September 18th, 2020

Copper prices rallied on Friday after predictions that Chinese imports of scrap metal are likely to fall by half, forcing the country to up cargoes of concentrate and unwrought copper, which are already at record levels.

Copper for delivery in December trading in New York exchanged hands for $3.0525 per pound ($6,730 a tonne) in midday trade, up 1.8% from yesterday’s settlement and not far off two-year highs struck at the beginning of the month.

China consumes more copper than the rest of the world combined and Reuters reports the China Nonferrous Metals Industry Association told a conference on Friday that imports of secondary copper could halve in 2020, from just under 1.5 million tonnes last year.

The country wants to eliminate imports of what it deems “foreign waste” and has implemented a strict quota system.

In a recent research report, Roskill called scrap the most vulnerable link in the global supply chain and said Chinese importers’ attempts at diversification by buying more ingot and copper granules have only had limited success, forcing importers to buy cathode from the rest of the world, where metal demand has slumped.

Jonathan Barnes, associate consultant for copper at the London-based metal and minerals researcher, noted regulations set for June that would have classified copper scrap as a “renewable resource” to enable refiners to skirt regulations have been delayed indefinitely.

Barnes says on top of that several major shipping lines are refusing to transport scrap, fearing liability for return shipment if containerized cargoes are rejected by Chinese customs.

Concentrate hard to come by

Barnes says while the effects of covid-19 could decrease world consumption of the metal by 3%–4% this year, the drop in mine output and scrap flows has been greater.

Customs data show China’s unwrought copper imports (anodes and cathodes) in August declined to 668,486 tonnes from July’s record haul of 762,211 tonnes, but still up 65% from August last year.

Year to date imports now total 4.27m tonnes, up 38% from 2019 and on track to easily beat 2018’s annual record of 5.3m tonnes.

At the same time, concentrate supplies from South America, where China sources the bulk of its mined copper, have been disrupted due to covid.

August imports of copper concentrate fell by more than 12% from the same month last year to 1.59m tonnes on lingering supply disruptions from Peru and Chile.

SOURCE: https://www.mining.com/copper-price-rallies-as-chinese-scrap-shipments-sink-by-50/

Tags: #Canariaco, #copper, #Freeport, #Gold, #GoldmanSachs, #peru, #Porphyry
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American Creek $AMK.ca: Ken Konkins’ Presentation on Treaty Creek at the Beaver Creek Precious Metals Summit $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 6:13 PM on Thursday, September 17th, 2020

For anyone who missed it we are providing the link to Tudor’s presentation on Treaty Creek. Catalin Kilofliski and Ken Konkin only took 15 minutes to do a great job at giving us details on the geological system and where the focus is at Treaty Creek. We highly encourage everyone to take a few minutes to watch it.

Simply click here: https://wsw.com/webcast/preciousmetals/tud.v/?lobby=true&day=3

The Treaty Creek Project is a Joint Venture with Tudor Gold, who owns 3/5th and acts as the 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”.

We also recommend you forwarding this to friends, family, or anyone else you may know that has an interest in the gold mining sector.

American Creek Homepage

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca: Ken Konkins’ Presentation on Treaty Creek at the Beaver Creek Precious Metals Summit $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Durango $DGO.ca Discovers Northeast Shear Zone Near Drill Target at Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 10:01 AM on Thursday, September 17th, 2020

The shear zone is 75 metres away from one of Durango’s high priority drill pads on the Trove Property.
Durango is in the final stages of targeting prior to commencing drilling on September 25, 2020.

Vancouver, BC – TheNewswire – September 17, 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 September 11, 2020, the exploration team has discovered a northeast shear zone with a set of stacked quartz veins at surface within a brecciated zone on the Trove Property at Windfall Lake, Quebec.

Durango now has multiple prospective areas, in addition to the previous drill targets defined by Induced Polarization (IP), soil sampling and airborne magnetic surveys. The Trove Property is located along the structural trend hosting Osisko Mining Inc.’s (TSX-OSK) Windfall Lake Deposit and the new surface data helps to better define the location of the structure on the Trove Property. Approximetly two hundred metres (200m) of newly stripped outcrops perpedicular to the structure are slated for sampling and assay.

The newly discovered shear zone is two metres (2m) wide and running subparallel to the regional fault. Figure 1 below shows the brecciated metasediment and the associated quartz veins. The structural measurements will help to precisely orient the upcoming drill holes. The shear zone is 75 metres away from one of Durango’s high priority drill pads on the Trove Property. The Company is in the final stages of targeting prior to commencing drilling on September 25, 2020.

Figure 1 – Brecciated metasediment with quartz veins and shear

The Company hired Orquest Drilling Inc. (“Orquest“) to undergo its fall drill program at Windfall Lake. The program is planned for a minimum of 2,220 metres and up to 5,000 metres with 27 permitted holes. Orquest will be using a clean-tech modular drilling system by DrillCo, which is the most environmentally friendly drill on the market. The DrillCo platform offers: 30% savings in fuel and electrical power; 75% reduction in the number of hoses and connections to reduce possibilities of leakage and spills; reduced hydraulic hoses to landfill; an air cooled system for reduced water consumption; and no discarded filters due to magnetic filtration systems.

Marcy Kiesman, CEO of Durango, stated, “Durango is proud to be using a new advanced drill system which offers financial savings, operational advantages and environmental responsibility. The ground work at Windfall Lake is ongoing and our exploration team has been continuously discovering important geological indicators pointing to the significance of the upcoming maiden drill program. We congratulate the geological team on their discovery of sizable shear zone, with multiple instances of quartz veining at surface. Durango is fully financed and looks forward to continue drilling into the winter, if warranted.”

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.

Figure 2 – Northwest oxidated blue quartz vein in contact with metasediment

Trove, 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 and is ready to undertake its inaugural drill program.

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.

Marcy Kiesman, CEO

Telephone: 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com

Tags: #BTR, #DGO, #Gold, #OSK, #silver, Abitibi, EastBarry, Exploration, Osisko
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Gold Price “Coiling” Suggests Bigger Move Coming Soon SPONSOR: Tajiri Resources $TAJ.ca $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM at 11:51 AM on Monday, September 14th, 2020

Tajiri Resources Corp is exploring for world class gold deposits in Guyana with 2 exploration properties that could each wield major discoveries, the Gargantuan and Epeius projects. Supported by management that have a track record of discovery with almost 20 million ounces, mostly in Guyana. Click Here for More Info

(Kitco News) – Gold and silver prices are modestly up in early U.S. trading Monday. Gains in the metals are occurring despite better risk appetite in the marketplace to start the trading week. Importantly, recent sideways and choppy price action in gold has produced a bullish coiling pattern on the daily bar chart, suggesting the market is storing up energy for a bigger price move coming soon (possibly this week), and odds favor that price move being on the upside. October gold futures were last up $3.70 at $1,943.20 and December Comex silver was last up $0.163 at $27.02 an ounce.

Global stock markets were mostly up overnight. U.S. stock indexes are set for solidly higher openings when the New York day session begins. Trader and investor risk sentiment is upbeat to start the trading week. There were two big company deals announced over the weekend: Softbank plans to sell chipmaker ARM to Nvidia for more than $40 billion, and Gilead Sciences plans to acquire Immunomedics for $21 billion. Meantime, AstraZeneca said it has resumed its phase-three trial on a Covid-19 vaccine after being suspended last week. Pfizer also announced its vaccine could be distributed before year-end if all goes well with its trials.

Major central bank meetings are in the spotlight this week. The Federal Reserve, Bank of England and Bank of Japan all have monetary policy meetings this week. The Fed’s FOMC meeting will be closely scrutinized following its shift to an easing of its inflation constricts. The question remains how the FOMC puts its new policy into action.

Said an FXTM analyst in an email dispatch Monday: “From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.”

The important outside markets today see the U.S. dollar index lower. Nymex crude oil prices are weaker and trading around $37.00. The yield on the U.S. Treasury 10-year note is trading around 0.67% today.

There is no major U.S. economic data due for release Monday but the report pace picks up rapidly on Tuesday.

Technically, the gold bulls have the firm overall near-term technical advantage, amid recent choppy and sideways trading that has produced the bullish coiling pattern. Prices are still in an overall near-term uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,992.50. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00. First resistance is seen at last week’s high of $1,966.60 and then at $1,972.40. First support is seen at Friday’s low of $1,936.20 and then at $1,925.00. Wyckoff’s Market Rating: 7.0

December silver futures bulls have the firm overall near-term technical advantage. Prices are still in an overall price uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the August high of $30.19 an ounce. The next downside price objective for the bears is closing prices below solid support at the August low of $23.80. First resistance is seen at $27.50 and then at last week’s high of $27.755. Next support is seen at $26.565 and then at last week’s low of $25.985. Wyckoff’s Market Rating: 7.0.

SOURCE: https://www.kitco.com/news/2020-09-14/Gold-and-silver-storing-energy-for-a-big-breakout.html

Tags: #Artisinal, #Discovery, #Drill, #Gold, #Guyana, #Smallcap, #Stocks, #TAJ
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Durango $DGO.ca Discovers Shear Zone at Surface at Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 9:30 AM on Friday, September 11th, 2020

Phase I of its fall exploration program at Windfall Lake has discovered a sizable shear zone, quartz veining at surface and rusty till near the initial drill targets.

Durango Resources Inc.(TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to report that further to its news release dated August 27, 2020, the exploration team has discovered a two metre wide shear zone at surface on its Trove Property while preparing the drill site for its exploration program at Windfall Lake, Quebec.

Mechanical stripping commenced on the northeast extremity of the Trove Property to level and widen the access for the drill, exposing a two metre wide shear zone near Durango’s high priority drill targets. The shear zone appears to correlate with the geophysical anomalies and favourable IP signatures discovered in Durango’s previous exploration campaigns.

The trenching commenced as announced on August 27, 2020 and uncovered quartz veins at surface of over one metre in width. In addition to the quartz veining, visible rusty-coloured till is evident, which warrants the collection and analysis of additional till samples in the area. A photo of the till can be seen on Durango’s website in the newly established photo gallery under the “Windfall Lake Property” tab. https://durangoresourcesinc.com/projects/windfall-lake-properties-quebec/#windfall-photos&gid=1&pid=2

Marcy Kiesman, CEO of Durango, stated, “Durango is off to a great start on Phase I of its fall exploration program at Windfall Lake. In the first week of the program, the geological team has discovered a sizable shear zone, quartz veining at surface and rusty till near the initial drill targets. We continue to be very optimistic for Durango’s program at Windfall Lake and believe the upside potential for the Trove and East Barry properties is high. As we move through this fall program we look forward to the analysis of the field data as it is our intention to continue drilling into the winter.”

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 and East Barry properties have not yet been subject to an NI-43-101 report.

The Board of Directors has approved the grant of 3,000,000 stock options to certain directors, officers and consultants of the Company. The options will be granted pursuant to the Company’s 10% rolling stock option plan with an exercise price of $0.125 per share for five years. The option grants are subject to final approval of the TSX Venture Exchange.

Trove, 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 ready to undertake its inaugural drill program.

East Barry, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to its 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. In 2018 a till sampling program was conducted and one of the till samples returned fourty-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 survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.

About Durango

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com

Tags: #BTR, #DGO, #Gold, #OSK, #silver, Abitibi, EastBarry, Exploration, Osisko
Posted in All Recent Posts, Durango Resources | Comments Off on Durango $DGO.ca Discovers Shear Zone at Surface at Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

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