Posts Tagged ‘#mining’
INTERVIEW: American Creek #AMK.ca Discusses Potential Quantity and Grade of Gold Mineralization (1.8 – 1.9 Million Ounces @ 1.12 – 1.35 G/t) at the Treaty Creek $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca
Monarques Gold $MQR.ca Starts Diamond Drilling Program on its McKenzie Break Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX
- Goal is to increase the 165,608-ounce pit-constrained/underground gold resource
- Announced the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property
- located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills.
- Drilling started on September 13 with one drill, and a second drill will be added as the work progresses
MONTREAL, Sept. 18, 2018 – MONARQUES GOLD CORPORATION (“Monarques”, “Monarques Gold” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce the start of a new 8,350-metre diamond drilling program on its wholly-owned McKenzie Break gold property, located 25 kilometres north of Val-d’Or, near Monarques’ Camflo and Beacon mills. Drilling started on September 13 with one drill, and a second drill will be added as the work progresses.
McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported an NI 43-101 pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (see press release dated June 14, 2018).
Historical drilling on the property totals 258 holes and 37,750 metres of core, most of which targeted the Green and Orange zones. The average length of the holes was only 150 metres. The current 39-hole drilling program will consist of holes 150 to 350 metres long to test the property’s potential at depth below the known lenses and on the periphery of the Green and Orange zones (see projected drilling map). The peripheral holes represent infill drilling in areas where information is missing, and could lead to an increase in the size of the planned open pit.
“The McKenzie Break property has great exploration potential,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “It has the advantages of being high grade at depth and easily accessible, as the average overburden thickness is only 5 metres, meaning that we could put the project into production relatively quickly. The program is aimed at increasing the property’s pit-constrained resource and exploring its potential at depth.”
The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
ABOUT MONARQUES GOLD CORPORATION
Monarques Gold Corporation (TSXV: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 five 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 Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-starts-diamond-drilling-program-on-its-mckenzie-break-property-300714587.html
SOURCE Monarques Gold Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/18/c2592.html
Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018
CLIENT FEATURE: Explor Flagship $EXS.ca Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred Gold $EXN.ca $HBE.ca $OSK.ca
Why Explor Resources?
- Flagship Property Offers The Following:
- NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred Gold
- Property Is 13 KM From Downtown Timmins
- Preliminary Metallurgical Testing on the low grade near surface gold ore completed
FULL DISCLOSURE: Explor Resources is an advertising client of AGORA Internet Relations Corp.
INTERVIEW: Advance Gold $AAX.ca Discusses Aggressive Exploration Program at Tabasquena Silver Mine in Mexico
#Nickel price to benefit from short supply, strong steel demand through 2019 $TN.ca $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
American Creek $AMK.ca Reports on JV Partner $Tudor Gold’s News of Potential Quantity and Grade of Gold Mineralization (1.8 – 1.9 Million Ounces @ 1.12 – 1.35 G/t) at the Treaty Creek Project in BC’s Golden Triangle $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca
- Tudor has determined the potential quantity and grade ranges for gold mineralization encountered up to the completion of its 2017 drill program on the Copper Belle zone
- Tudor Gold believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 50 to 45 million tonnes grading 1.12 to 1.35 g/t Au
- Based on previous exploration results, including 57 current and historic drill holes totaling 22,974 m
Cardston, Alberta–(September 13, 2018) - American Creek Resources Ltd (TSXV: AMK) (“the Company”) is pleased to report on results from Tudor Gold’s exploration at the Treaty Creek project located adjacent to Seabridge Gold’s KSM in BC’s Golden Triangle. Tudor has determined the potential quantity and grade ranges for gold mineralization encountered up to the completion of its 2017 drill program on the Copper Belle zone. Drilling is continuing in 2018 with the aim of increasing the known area of gold mineralization at Copper Belle by the end of this field season.
Tudor Gold believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 50 to 45 million tonnes grading 1.12 to 1.35 g/t Au. This is based on previous exploration results, including 57 current and historic drill holes totaling 22,974 m. Thirty of the holes (15,424 m) were drilled by Tudor Gold in 2016 and 2017, with 27 holes (7550 m) completed by others in 2007 and 2009. Drill holes are generally spaced 50 to 100 meters apart. The exploration target potential was derived by modelling zones of gold-bearing porphyry style veining and alteration, including quartz-sericite-pyrite and potassic alteration, within a surrounding propylitic “halo”, on vertical cross sections and long sections through the Copper Belle zone. The ranges are based on drill results that define the approximate length, thickness, depth and grade of the Copper Belle zone.
The volumes of the areas modelled on sections have determined the potential tonnage range, whereas the grade range is based on drill results within the modelled exploration target area up to the end of 2017, and on nearest neighbour and inverse distance estimates, within an interpreted 0.3 g/t Au grade shell. The potential tonnages and grades are conceptual in nature, there has been insufficient exploration to define a current mineral resource and it is uncertain if further exploration will result in the delineation of a current mineral resource.
Walter Storm, President and CEO, stated:Â “We are extremely pleased with the indications for the Copper Belle zone to potentially host between 1.8 and 1.9 million ounces of gold and are looking forward to continued positive results from the 2018 drilling program that we are confident will significantly increase the known extent of the mineralized area at Copper Belle. The 2018 drilling program entails part of the company’s plan to work towards preparation of a mineral resource.”
The Copper Belle zone has been traced by drilling for over one kilometer in length and has been outlined over widths ranging from 250 to 550 meters, with vertical extents of mineralization from 300 to 500 meters. The Copper Belle zone is separated into North and South zones by a post-mineral fault, with indications of thicker mineralized intervals in the North zone (see Figure 1). Drilling in 2018 is focusing on expanding the area of known mineralization in the North zone. Results from the first two holes of the 2018 program were reported in a news release dated Aug 24, 2018. The sixth hole of the season has recently completed and results from more of the new holes are expected within the coming weeks.
Figure 1: 3D Isometric of the Copper Belle Zone showing Drill Holes and the Area of 2018 Drilling
To view an enhanced version of Figure 1, please visit:Â
http://orders.newsfilecorp.com/files/682/38648_a1536853163300_4.jpg
Tudor Gold and previous operators of the Treaty Creek property have maintained a quality control and quality assurance program where analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream.
Qualified Person
The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo., for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
About American Creek
American Creek holds 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 (Walter Storm) as well as the 100% owned past producing Dunwell Mine.
The Company 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 Company is available on its website at www.americancreek.com.
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.Â
All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company‘s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
GGX Gold Drilling Intersects 12.45 g/t Gold and 121 g/t Silver over 0.85 Meters — Everest Vein — Gold Drop Property, Southern British Columbia $K.ca $TUSK.ca
- Diamond Drill results for Everest Vein holes EVE18 – 7 to 18, on the Gold Drop property
- Highlight is EVE18-12 intersecting 12.45 g/t gold and 121 g/t silver over 0.85m of altered granodiorite
- Everest Vein 2018 drill holes are located 350 to 800m south of the area of 2017 and 2018 COD Vein drill holes.
Vancouver, British Columbia (FSCwire) – GGX Gold . (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes EVE18-7 to EVE18-18 which tested the area of the Everest Vein, located in the Gold Drop Southwest Zone. The 2018 drilling also tested the COD Vein, located in the Gold Drop Southwest Zone, north of the Everest Vein. The highlight from these analytical results is 12.45 g/t gold and 121 g/t silver over 0.85 meter core length in altered granodiorite in drill hole EVE18-12.
Gold bearing altered granodiorite in drill hole EVE18-12
(12.45g/t Gold over 0.85meters)
To view the graphic in its original size, please click here
The Everest Vein, located south of the COD Vein, was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).
The analytical results listed below are highlights from drill holes EVE18-7 to COD18-18 (intersections greater than 1 g/t gold), testing the area of the Everest Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
| Hole ID | From (m) | To (m) | Interval Length (m) | Au (g/t) | Ag (g/t) | Te (g/t) |
| EVE18-10 | 52.34 | 52.97 | 0.63 | 2.72 | 20.7 | 14.9 |
| EVE18-12 | 40.41 | 41.26 | 0.85 | 12.45 | 121 | 91.2 |
| EVE18-12 | 43.65 | 43.90 | 0.25 | 1.42 | 5.57 | 4.48 |
| EVE18-13 | 46.42 | 47.34 | 0.92 | 1.32 | 12.8 | 9.9 |
| EVE18-16 | 18.30 | 19.48 | 1.18 | 1.07 | 9.72 | 8.16 |
| EVE18-16 | 20.09 | 20.72 | 0.63 | 3.00 | 31.2 | 22.0 |
The intersection at 40.41-41.26 meters in drill hole EVE18-12 is altered granodiorite with pyrite. The other intersections listed in the preceding table are altered granodiorite with pyrite and / or veining (quartz and or calcite).
To view the graphic in its original size, please click here
The 2018 drilling program also focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15, August 22, August 30 and September 6. These included holes in the area of the 2017 trench and holes southwest of the 2017 trench. More significant gold intersections (core length) to date from the 2018 program at the COD and Everest veins are as follows:
- COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
- COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
- COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
- COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
- COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
- COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
- COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
- COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
- COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
- COD18-54: Â Â Â 7.60 g/t Au over 1.66 meters
- EVE18-5:Â Â Â Â Â Â Â 10.55 g/t Au over 0.45 meters
- EVE18-12:Â Â Â Â Â 12.45 g/t Au over 0.85 meters
The Everest Vein 2018 drill holes are located approximately 350 to 800 meters south of the area of 2017 and 2018 COD Vein drill holes.
In addition to the gold discovered by the Company at the COD and Everest veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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
Investor Relations:
Mr. Jack Singh, 604-488-3900Â Â [email protected]
“ We don’t have to do this, we get to do this â€
The Crew
Delivery of $HPQ.ca Gen3 PUREVAP™ QRR Furnace at PyroGenesis $PYR.ca Plant; Assembly Phase of Pilot Equipment Starting
- PyroGenesis Canada Inc has taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor†(“QRRâ€) furnace, a key component of the pilot equipmen
- Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis. Â Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget
MONTREAL, Sept. 13, 2018 – HPQ Silicon Resources Inc (“HPQâ€) (TSX VENTURE:HPQ) (FRANKFURT:UGE) (OTC PINK:URAGF) is pleased to inform shareholders that PyroGenesis Canada Inc (PyroGenesis) (TSX Venture: PYR) has taken delivery of the Gen3 PUREVAPTM “Quartz Reduction Reactor†(“QRRâ€) furnace, a key component of the pilot equipment. Furthermore, HPQ has made another milestone payment of $561,600 to PyroGenesis.  Since August 2016, HPQ has invested $3,988,400 for the pilot equipment, representing 90% of the $4,430,000 design, fabrication and assembly budget. Delivery of the furnace marks the start of the assembly phase of the Pilot Plant in an HPQ – dedicated area at the production facility of PyroGenesis in Montréal.  The Pilot Plant assembly will be completed during Q1 2019, commissioned during Q2 2019 and operational mid – 2019, only 3 years after the original concept was validated.
VALIDATING COMMERCIAL SCALABILITY OF INNOVATION REQUIRES FOCUS AND FLEXIBILITY
The Pilot Plant will have an output capacity of 50 tonnes per year, or ~ 1,000 kg of material per week. Â This step in the program is the single largest scaling up step and, once successful, will pave the way for the order of HPQ first commercial production unit, planned for 2020.
Using the data generated by the Gen2 PUREVAPTM tests and Apollon Solar technical knowhow, HPQ and PyroGenesis will continue to look for ways of optimizing our approach of validating the commercial scalability of the process while mitigating the technical and commercial risks associated with the project.
Bernard J. Tourillon, Chairman, President and CEO of HPQ Silicon stated, “We are very excited to move to this final stage of the PUREVAP™ QRR testing program.  Now that we have closed all necessary financings, we can focus efforts on the process improvements, scalability, seeking customers, and preparing for commercialization. With these financings closed, our objective going forward will be delivering on the Gen3 PUREVAP™ Pilot Plant phase with our “Solar Silicon Team†as well as building market awareness of our progress, plans and success.â€
This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A’s Between Management and Shareholders.  https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion
About HPQ Silicon
HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.
HPQ’s goal is to develop, in collaboration with industry leaders, PyroGenesis (TSX-V: PYR) and Apollon Solar, that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)†process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-thirds (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule to start mid-2019.
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. 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.
For further information contact
Bernard J. Tourillon, Chairman, President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com
Shares outstanding: 222, 284,053Â
$NSM.ca Northern Sphere Mining Corp. announces Arizona Gold Processing Agreement with New Ruby Mining Corp.
- Entered into a gold processing agreement with New Ruby Mining Corp.
- The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018.
- NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.
Toronto, Ontario–(Newsfile Corp. – September 11, 2018) – Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) (“NSM” or the “Company”) is pleased to announce it has entered into a gold processing agreement with New Ruby Mining Corp. (“New Ruby”) pursuant to which the Company has agreed to process up to 100 tons per day of high grade gold mineralized material from New Ruby’s Houdon/Ellison gold property (the “Property”), located 80 miles north of NSM’s Globe Arizona production facility.
The processing by NSM will consist of crushing, grinding, screening, gravity concentration and pouring of gold dore bars. New Ruby has agreed to deliver the gold mineralized material to the NSM production facility in batches. The Company will store the mineralized material until sufficient tonnage is received for a production run. Tailings will be returned to the Property as backhaul loads as milling is completed. Gold dore bars will be sold by NSM directly to the refinery.
NSM will provide all of the management and accounting support in connection with these arrangements, including the collection of payment for the sale of gold dore bars. Following receipt of payment on the sale of gold dore bars, NSM will make payment to New Ruby for the gold mineralized material based on a 50/50 net profit share arrangement.
The initial production run of gold mineralized material is scheduled to occur during the fourth quarter of 2018. Metallurgical testing will commence immediately upon receipt of a 500 lbs sample of gold mineralized material from New Ruby. NSM’s production facility includes full gravity processing, an assay facility, maintenance shop and office.
“We are pleased that the Company will be in position to start generating revenue that will be used to advance our other assets,” stated A. John Carter, Chief Executive Officer. “Specifically, we will be focusing on our copper/silver/gold/manganese anomaly in Arizona (approximately 3 miles from the Buckeye Mine) and our gold/copper/cobalt/platinum group metals property in Northern Ontario.”
About Northern Sphere Mining Corp.
Northern Sphere is dedicated to growth through the acquisition and development of mining assets with an emphasis on gold, silver and copper. In efforts to expedite and optimize mineral targeting on its assets, the Company is employing cutting-edge exploration technologies to generate robust mining projects. Headquartered in Toronto, Ontario, Northern Sphere has a strong project pipeline of properties with a focus on gold, silver and other metal production in pro-mining jurisdictions.
Cautionary Statements
This press release contains forward-looking statements which reflect Northern Sphere’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. Northern Sphere disclaims any obligation to update these forward-looking statements other than as required by applicable securities laws.
For further information, please contact:
A. John Carter
Chief Executive Officer
Northern Sphere Mining Corp.
Tel: 905-302-3843