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Labrador Gold $LAB.ca Announces Appointment of Kai Hoffman to the Board of Directors $RIO.ca $WHM.ca $SIC.ca

Posted by AGORACOM at 11:10 AM on Tuesday, May 14th, 2019
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VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce the appointment of Mr. Kai Hoffmann to the board of Directors.

Mr. Hoffmann holds a Bachelor of Business Administration from the University of Bedfordshire in the UK and is a businessman with years of experience in the capital markets and commodities industry. He is the CEO of Soar Financial Group, consisting of a boutique merchant bank and corporate communications company, a publishing house and Oreninc, a website that tracks financings for Canadian listed exploration and mining companies. He is a regular keynote speaker at leading industry conferences and events.

“On behalf of the existing Directors, I welcome Kai to the Labrador Gold Board, and we look forward to working with him.” said Roger Moss, President and CEO. “His experience in marketing and capital markets will benefit the company as we anticipate another exciting year in Labrador.”

“I am excited to be joining Roger, Shawn and the Labrador Gold team. The coming months mark a pivotal time in the company’s development, and I am looking forward to not only support the team but also to help achieve the corporate goals.” comments Kai Hoffmann.

The Company also announces the grant of 500,000 options to purchase common shares of the Company to Mr. Hoffmann and an additional 1,100,000 options to the existing directors, officers and a consultant. The options are exercisable at a price of $0.20 for a period of five years.

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 the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

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 56,514,022 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

@LabGoldCorp

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Posted in Labrador Gold | Comments Off on Labrador Gold $LAB.ca Announces Appointment of Kai Hoffman to the Board of Directors $RIO.ca $WHM.ca $SIC.ca

CLIENT FEATURE: Great Atlantic’s $GR.ca Golden Promise located in Emerging Gold District $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM at 1:23 PM on Friday, May 10th, 2019
  • Golden Promise located in the Victoria Lake Supergroup, with over 130 VMS deposits and occurrences, including 30 significant deposits and prospects.
  • Golden Promise neighbors Marathon Golds 4.2m gold resource
  • Drilling has focused on small area called Jaclyn Main Zone where multiple quartz veins comprise the 100,000 ounce resource
  • Jaclyn Main quartz vein system is open ended with a strike dimension of 975m and open vertical depth extension of 400m

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Posted in Great Atlantic Resources | Comments Off on CLIENT FEATURE: Great Atlantic’s $GR.ca Golden Promise located in Emerging Gold District $SIC.ca $MOZ.ca $AGB.ca

Client Feature: $GGX.ca GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM at 10:18 AM on Friday, May 10th, 2019

Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.”

Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:

            “At the moment, we are still seeing (tellurium) inventories in China but these are  being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in  2011.”

GGX has produced some of the highest grade drill intercepts in the world over the 2018 drill season, which compliment High Grade Gold intercepts of:

  • COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.

GGX Gold Hub on Agoracom

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Posted in GGX Gold Corp. | Comments Off on Client Feature: $GGX.ca GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

CLIENT FEATURE: $GR.ca Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $III.ca $GGX.ca $AOT.ca $MTB.ca

Posted by AGORACOM at 10:47 AM on Thursday, May 2nd, 2019
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  • Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
  • Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
  • Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
  • Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
  • The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
  • At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
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Great Atlantic Hub on Agoracom

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Posted in Great Atlantic Resources | Comments Off on CLIENT FEATURE: $GR.ca Great Atlantic’s Keymet Base Metal Property Proving Success Comes through Drilling $III.ca $GGX.ca $AOT.ca $MTB.ca

Monarch Gold $MQR.ca Produces 1,328 Ounces of Gold and Generates $5.2 Million in Revenue in its Third Quarter $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 9:20 AM on Wednesday, May 1st, 2019


  • Custom milling operations at the Camflo mill contribute strongly to revenues
  • Production at the Beaufor mine declines due to a lower production rate
  • The Wasamac gold project continues to draw considerable interest from potential partner
  • The Corporation completed a positive feasibility study on its Wasamac deposit during the second quarter (see feasibility study), with the following results:
    • Forecast average production: 142,000 ounces of gold over 11 years
    • Pre-tax NPV: $522 million
    • Pre-tax IRR: 23.6%
    • Cash cost: US $550 per ounce

MONTREAL, May 1, 2019 /CNW/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production and corporate highlights for the third quarter ended March 31, 2019. Amounts are in Canadian dollars unless otherwise indicated.

Production highlights

  • Monarch produced 1,328 ounces of gold in the third quarter, down 70% from the second quarter and 73% from 4,932 ounces produced last year. The decrease was attributable to a cut in the production rate and number of employees at the Beaufor mine in January 2019.

  • The Corporation recorded revenues of $5.2 million in the third quarter from the sale of 1,427 ounces of gold at an average price of $1,737 per ounce (US $1,307) plus custom milling revenue, which was down 6.2% from the second quarter due to a planned shutdown at the Camflo mill for maintenance work, but  up 35.5% year over year.

“Our custom milling operations at the Camflo mill continue to perform well despite the lower tonnage from the Beaufor mine,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “The Beaufor mine is currently operating at a reduced average rate of 7,000 tonnes per month with about 50 employees, and we are reassessing the mine’s operations on a monthly basis.”

“Our promising projects are unquestionably the Wasamac, Croinor Gold and McKenzie Break advanced gold projects. The Wasamac project continues to draw considerable interest from the mining and financial community, as evidenced by the increased virtual room traffic. We have also had preliminary discussions with a number of parties and will continue to work with them in the coming weeks. Meanwhile, Croinor Gold and McKenzie Break generated excellent drill results in 2018, which increased the gold potential of these projects.”

Production statistics

Three months ended March 31, 2019 Three months ended March 31, 2018 Nine months ended March 31, 2019 Nine months ended March 31, 2018
Beaufor mine
Ore processed (tonnes) 13,110 32,866 68,564 67,871
Gold recovery (%) 97.78 98.91 98.15 98.78
Ounces produced 1,328 4,932 9,653 10,376
Ounces sold 1,427 4,823 9,868 10,267

Corporate highlights

  • On February 4, 2019, the Corporation reported the last assay results from the 2018 diamond drill program at its wholly owned Croinor Gold project, which notably returned 17.26 g/t Au over 1.95 metres, including 50.10 g/t Au over 0.6 metres (see press release).

  • On February 7, 2019, the Corporation announced the appointment of Mathieu Séguin as Vice President, Corporate Development (see press release).

  • On February 28, 2019, the Corporation reported the first assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project, which notably returned 61.20 g/t Au over 2.6 metres, including 265.00 g/t Au over 0.6 metres (see press release).

  • On March 13, 2019, the Corporation reported the second set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project, which notably returned 24.40 g/t Au over 2.0 metres, including 93.80 g/t Au over 0.5 metres (see press release).

  • On March 20, 2019, the Corporation reported the third and last set of assay results from the 2018 diamond drilling program at its wholly owned McKenzie Break gold project, which notably returned 12.60 g/t Au over 1.35 metres, including 55.90 g/t Au over 0.3 metres (see press release).

  • On March 29, 2019, the Corporation reported that it had sold its Pandora royalty to Agnico Eagle Mines Limited, thus reducing its payments for the McKenzie Break and Swanson properties by $800,000 (see press release).

  • On April 26, 2019, the Corporation announced the closing of a $2,000,000 private placement (see press release).

The Corporation has also received the assay results for the 1,750-metre drilling program carried out in February 2019 on the Croinor Gold property. The program included seven exploration holes drilled more than one kilometre away from the Croinor Gold deposit. While the holes did not return any significant intersections, they did yield important geological data. The Corporation still believes that Croinor Gold holds excellent exploration potential along strike and at depth, as these holes targeted only a small portion of the 151 km2 property. In fact, the Corporation plans to continue additional exploration work on Croinor Gold to locate additional drilling targets. On the MacKenzie Break property, the Corporation is currently planning its next drilling program on high potential targets.

Finally, the recommissioning of the Beacon plant has been delayed, mainly because the Corporation has not yet received the operating permits or obtained the financing needed to put the Croinor Gold deposit back into production.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-produces-1-328-ounces-of-gold-and-generates-5-2-million-in-revenue-in-its-third-quarter-300841757.html

SOURCE Monarch Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/01/c5907.html

Jean-Marc Lacoste, 1-888-994-4465, President and Chief Executive Officer, [email protected]; Mathieu Séguin, 1-888-994-4465, Vice President, Corporate Development, [email protected]; Elisabeth Tremblay, 1-888-994-4465, Senior Geologist – Communications Specialist, [email protected], www.monarquesgold.comCopyright CNW Group 2019

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Posted in All Recent Posts, Monarques Gold | Comments Off on Monarch Gold $MQR.ca Produces 1,328 Ounces of Gold and Generates $5.2 Million in Revenue in its Third Quarter $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Atlantic’s Golden Promise $GR.ca in Canada’s Newest Emerging Gold District $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM at 3:31 PM on Friday, April 26th, 2019
  • Golden Promise located in the Victoria Lake Supergroup, with over 130 VMS deposits and occurrences, including 30 significant deposits and prospects.
  • Golden Promise neighbors Marathon Golds 4.2m gold resource
  • Drilling has focused on small area called Jaclyn Main Zone where multiple quartz veins comprise the 100,000 ounce resource
  • Jaclyn Main quartz vein system is open ended with a strike dimension of 975m and open vertical depth extension of 400m

Great Atlantic Hub on Agoracom

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American Creek $AMK.ca Reports That JV Partner Tudor Gold Has Retained P&E Mining Consultants for 2019 Treaty Creek Project Drilling and Future Initial Resource Estimate $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM at 9:37 AM on Wednesday, April 17th, 2019
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  • JV partner Tudor Gold has retained P&E Mining Consultants Inc. for assistance in planning the upcoming 2019 drilling season.
  • Purpose is to create a National Instrument 43-101 for the Treaty Creek Property
  • Treaty Creek is located immediately adjacent to Seabridge Gold’s KSM and just north of Pretivm’s now producing Brucejack/Valley of the Kings high grade gold mine in northwestern British Columbia.

Cardston, Alberta–(Newsfile Corp. – April 17, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“American Creek”) is pleased to announce that JV partner Tudor Gold has retained P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario for assistance in planning the upcoming 2019 drilling season, with a view to eventually compiling an initial Mineral Resource Estimate pursuant to National Instrument 43-101 for the Treaty Creek Property located immediately adjacent to Seabridge Gold’s KSM and just north of Pretivm’s now producing Brucejack/Valley of the Kings high grade gold mine in northwestern British Columbia.

P&E Mining Consultants Inc., established in 2004, provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E undertook the initial Mineral Resource Estimate for Pretium Resources Inc.’s Brucejack Property and the resulting Technical Report that supported the $100M IPO.

Ken Konkin, Tudor Gold’s Exploration Manager stated, “I have had the pleasure of working with Mr. Eugene Puritch, P. Eng, FEC and President of P&E Mining Consultants Inc. and his team of professional geologists and professional engineers on several projects in North and South America. P&E Mining Consultants specialize in geological modeling and mine design and their work is of the highest standards. I look forward to working again with Eugene and his geo-scientists and engineers in order to determine the optimum drill hole spacing required for the drill program. Our goal is to fast-track the exploration program at Treaty Creek during this summer adding value to Tudor’s Goldstorm target in the most efficient and economic methods possible. Once drilling begins, P&E Mining Consultants will conduct a site visit and complete a project review.”

Darren Blaney, CEO of American Creek stated: “We very much look forward to having Tudor and Mr. Konkin commence the much anticipated 2019 Treaty Creek drill program building on the last hole from 2018 that ran 563 meters of 0.98 g/t gold. Securing a top tier firm to oversee the drilling and maiden resource calculation is a very positive step in the advancement of the Treaty JV. The Golden Triangle region is heating up and attracting attention and this upcoming season is shaping up to be very significant.”

About American Creek

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 and Electrum joint venture projects with Tudor Gold/Walter Storm as well as 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.

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

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Posted in American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Reports That JV Partner Tudor Gold Has Retained P&E Mining Consultants for 2019 Treaty Creek Project Drilling and Future Initial Resource Estimate $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

GGX Gold $GGX.ca Begins Diamond Drilling Program On the Gold Drop Property, Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM at 11:52 AM on Monday, April 15th, 2019
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  • 2018 Highlights : COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meters core length.
  • COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.

VANCOUVER, BC / ACCESSWIRE / April 15, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“) is pleased to announce it has begun the spring 2019 diamond drilling program on the Gold Drop Property, located in Southern British Columbia. The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:

  • COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meters core length.
  • COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.

GGX is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp that was historically mined). The C.O.D vein was first targeted by GGX in 2017. Initial sampling of the vein justified follow-up trenching and drilling. In 2018, the drilling program followed on and included a series of holes drilled to the south of the C.O.D trench that successfully extended the vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay results (please refer to the Company’s website for News Releases announcing these results) include the following highlights:

Hole ID Interval Length Gold (gpt) Silver (gpt) Te (gpt)
COD17-14 16.03 4.59 38.64
COD18-3 2.1 14.62 150.2 102
COD18-26 1.4 10.3 1.09 0.2
COD18-32 1.51 3.67 67.2 30.4
COD18-33 2.98 8.65 47.6 37.3
COD18-34 3.41 6.16 72.4 31.0
COD18-37 3.95 8.23 67.36 38.53
COD18-45 2.05 50.15 375
COD18-46 1.47 54.9 379
COD18-49 1.47 9.52 118 72.2
COD18-54 1.66 7.6 60.2 34.1
COD18-61 1.38 5.29 32.4 31.4
COD18-63 1.17 28 424.7 150.4
COD18-67 7.28 129.11 1,154.90 823.0
COD18-68 2.76 8.77 85.4 56.3
COD18-69 7.46 5.76 67.9 61.2
COD18-70 6.9 107.5 880 640

For 2019, the drilling will be initially aimed at extending and in-filling the ore shoot of high-grade gold-silver-tellurium mineralization that was intersected in 2018. Following this, the Everest vein to the south, and the C.O.D. extension to the north will be drill-tested.

The highlights of the 2018 diamond drilling program are drill holes COD18-67 and COD18-70 that intersected near-surface, high-grade gold, silver and tellurium in the southern extension of the C.O.D vein. COD18-67 intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823 g/t tellurium over 7.28-meter core length while COD18-70 intersected 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core length (News Releases of January 11, January 18 and March 18, 2019). The C.O.D. vein system is open along strike and at depth.

No previous diamond drilling has been completed at the C.O.D. extension to the north. The 2018 trenching program exposed numerous vein showings with grab samples up to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t tellurium. A chip sample (0.4 meters long) returned 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium (News Release of February 27, 2019).

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

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
[email protected]

Investor Relations: Mr. Jack Singh, 604-488-3900 [email protected]

“We don’t have to do this, we get to do this”
The Crew

Forward Looking Information

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Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Begins Diamond Drilling Program On the Gold Drop Property, Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

CLIENT FEATURE: $AAX.ca Advance Gold Prepares for Phase 3 Drilling at Tabasquena $MGG.ca SIL.ca $FA.ca

Posted by AGORACOM at 10:50 AM on Friday, April 12th, 2019
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Phase 1: Drilling Identified 4 Epithermal Veins -3 Have Demonstrated Greater Thickness at Depth

Phase 2: Drilling Identified 30 new Epithermal veins in 2 drill holes

  • In the first two phases of drilling, Advance discovered a cluster of epithermal veins, all but a few of them blind, which suggests this drilling intersected the top of the epithermal vein system.
  • A key focus of the phase 3 drilling will be to drill deeper and target the boiling zone of the epithermal vein system. The cluster of veins dip toward a fault which is considered a key structural feature.
  • A proposed hole will start from the east side of the fault, drill west, to then go through the cluster of veins to catch them at the boiling zone.
  • The other key focus will be to drill a few shallow holes near a 12 metre intersection of the Tabasquena vein in the oxides. This vein in the oxides is much wider than the historical 2-4 metre mining width utilized by former operator Penoles, which was across 2-4 metres. This intersection was a 125 metre step out to the north of the old mine workings and is approximately 75 metres along strike from the 100 metre deep shaft and headframe.
  • Advance has mining equipment and the Tabasquena project is fully permitted for mining.
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Client Feature: GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca

Posted by AGORACOM at 1:44 PM on Wednesday, April 10th, 2019
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Fortis Metals, the world’s leading producer of minor metals, recently forecast a tellurium supply deficit that, “as of 2020 could be as big as a staggering 370 metric tonnes.”

Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:

            “At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in  2011.”

GGX has produced some of the highest grade drill intercepts in the world over the 2018 drill season, which compliment High Grade Gold intercepts of:

  • COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
  • COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
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