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‘Deep will be the new norm’ — #Glencore $GLEN spends $1B to find new ore beneath #Sudbury $NAM.ca $PDL.ca

Posted by AGORACOM-JC at 3:08 PM on Monday, April 9th, 2018
  • Glencore is spending nearly $1 billion to mine new ore underneath Sudbury
  • “I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier, Glencore vice-president of Sudbury operations
  • New ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.

First ore expected in about 4 years, with full production by 2025

Erik White · CBC News · Posted: Apr 05, 2018 4:01 AM ET

Glencore is spending nearly $1 billion to mine new ore underneath Sudbury.

The Onaping Depth project was announced at the same time as Vale revealed plans to go ahead with its multi-million dollar expansion of Copper Cliff Mine, also known as “Copper Cliff Deep.”

“I think deep will be the new norm and certainly in Sudbury, that’s where the future lies,” said Peter Xavier, Glencore vice-president of Sudbury operations.

The deposit is located 2,500 metres beneath the mothballed Craig Mine in Onaping and was found in the 1990s. Xavier says it’s taken years of planning to figure out how to mine safely and economically at that low level.

He says it’s also getting the greenlight now, despite nickel and other metal prices being in a prolonged slump, because Glencore’s two other Sudbury mines — Nickel Rim and Fraser — will be wrapped up by 2025, just as Onaping Depth hits full production.

Xavier says that new ore is needed to feed the company’s mill and smelter and maintain the Sudbury workforce of 1,300 employees, plus 500 contractors.

“Because it comes at the tail end of our existing operations, it would be more accurate to say it sustains our existing presence.” he said.

Peter Xavier is the vice-president of Glencore operations in Sudbury. (Erik White/CBC)

Xavier says one of the big advantages for the Sudbury basin is the polymetallic geology, with copper, platinum and palladium core fuelling profits even if nickel is down.

“And that mitigates a little bit the challenges of the fact that we’re going to depth to extract these ore bodies where it some parts of the world, it’s literally dirt on surface,” he said.

Some of those challenges are also being tackled by using only electric battery vehicles at Onaping Depth, which Xavier says will cut heating, cooling and ventilation costs, as well as the bill for running the machines.

Glencore will also use some of the existing infrastructure at Craig Mine, which was put on care and maintenance in 2009, but has been used since then by KGHM to access its Levack deposit.

“Most people in the community don’t realize that the organizations collaborate quite extensively,” Xavier said of other Sudbury mining companies, including Vale, which is partnering with Glencore to access a deposit through Fraser Mine.

“For us it’s a normal way of looking at things.”

For its Onaping Depth project, Glencore will use some of the existing infrastructure at Craig Mine, which was shut down in 2009. (Erik White/CBC)

However Xavier says formal mergers are “not the discussions of today.”

But he sees a bright future for the local mining sector, with a deep mining project at Nickel Rim next on the list.

All of this is good news for the members of Unifor Mine Mill Local 598, where Marcel Charron is the senior representative.

“It means long term viability for the company and good jobs for our members,” he said.

Charron says he’s hopeful that some positions will open up for younger workers in the coming years, especially with a large group of Glencore employees set to retire in 2019.

Source: http://www.cbc.ca/news/canada/sudbury/onaping-depth-sudbury-mining-1.4604208

 

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Move to #EVs to be ‘dramatic’ for metals: Penny #PGM #Nickel $TN.ca $NAM.ca

Posted by AGORACOM-JC at 4:45 PM on Thursday, April 5th, 2018
  • Penny predicts a dramatic shift in commodity demand patterns as the electrification of the global economy continues to boost demand for the metals that Norilsk produces, particularly nickel and cobalt
  • Penny noted that hybrid battery vehicles in the United States currently account for 9% of the market, with annual growth of 18%; battery EVs have around 3% market share but growth of 25%
  • Fuel cell EVs represent just 1% of the market but are growing at an annual pace of 41%

Andrea Hotter
[email protected]

NEW YORK — Norilsk Nickel chairman Gareth Penny gave his predictions for electric and hybrid vehicle growth and how the company will move to maximize the value of its products in an interview with Andrea Hotter in the April 2018 issue of Metal Market Magazine.

Penny predicts a dramatic shift in commodity demand patterns as the electrification of the global economy continues to boost demand for the metals that Norilsk produces, particularly nickel and cobalt.

“Like most of these things, the move to [electric vehicles] will take longer than people think, but when the time arrives it’ll be even more dramatic,” he said.

Penny noted that hybrid battery vehicles in the United States currently account for 9% of the market, with annual growth of 18%; battery EVs have around 3% market share but growth of 25%. Fuel cell EVs represent just 1% of the market but are growing at an annual pace of 41%.

Although Norilsk is synonymous with nickel production, roughly 27% of the company’s revenue actually comes from the metal compared with 30% from palladium. With around 8% of Norilsk’s revenue coming from platinum, more than one-third of its earnings come from platinum group metals.

Penny remains unperturbed about the potential loss of demand for palladium  – his top commodity pick currently despite his self-confessed love for diamonds – due to the elimination of catalytic converters as the world electrifies its cars. This is largely because he expects the biggest absolute growth in the next 10 years to be in hybrid vehicles.

“You cannot make a diesel engine a hybrid as you need a very light engine, which is by definition a petrol engine. Palladium is the catalytic converter of choice for petrol engines, while platinum is for diesel,” he said. “We are confident that in the next 10 years, demand for palladium in hybrid vehicles is going to grow very rapidly and probably outstrip the absolute growth of battery and fuel cell EVs.”

Norilsk might even get involved in new areas of the battery production chain, Penny said, with a joint venture its likely method of entry.

“Norilsk will definitely look at some form of partnership at different levels in the industry in order to maximize the value of its product. That’s something we’re actively considering at the moment,” he said. “I don’t know about developing batteries, but we’re looking very carefully at working with European chemical company BASF, with whom we’ve had relationships before.”

Source: http://www.amm.com/Article/3798827/Nonferrous/Move-to-EVs-to-be-dramatic-for-metals-Penny.html

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Monarques Gold $MQR.ca investigating potential game-changer for its wholly-owned Wasamac Gold project $MUX.ca $SII.ca

Posted by AGORACOM-JC at 8:48 AM on Thursday, April 5th, 2018

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  • Retained BBA to conduct a conceptual study for the transportation of gold-bearing material from the Wasamac deposit to an existing processing plant with an authorized tailings management facility in the region for custom milling

BBA retained to confirm Management’s strategy and to assess various options

MONTREAL, April 5, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce that it has retained BBA to conduct a conceptual study for the transportation of gold-bearing material from the Wasamac deposit to an existing processing plant with an authorized tailings management facility in the region for custom milling. Since acquiring the Wasamac Gold project from Richmont Mines, Monarques’ management has been working towards unlocking the tremendous potential value of the project.

Monarques’ management has made it a priority to investigate any and all avenues to make Wasamac economical and profitable at a significantly lower gold price than the scenario that the previous owner was working with. A major breakthrough that Monarques has achieved is the realization that the Wasamac Gold project can be serviced by bulk, railcar transport. As such, Monarques could eliminate the extremely large capital outlay required to build a mill as it could potentially ship the Wasamac ore to any of a number of possible custom milling opportunities in the vicinity of Wasamac (see map of potential sites).

“We look forward to working with BBA to confirm our belief that the Wasamac Gold project could be profitable at a significantly lower gold price than what was envisioned under the previous owner. This is a potential game-changer for Monarques and its shareholders,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Following the update of the Wasamac resource estimate last October, which established a measured and indicated resource of 2,587,900 ounces of gold (see press release), we decided to look into the various possible operating scenarios, including custom milling. This study will allow us to collect data and information for the option of mining the Wasamac deposit using custom milling at one of the processing plants in Quebec and Ontario. This option has the advantage of significantly reducing the initial cost of the project as we would not have to build a mill or a tailings facility.”

The first phase of the study will establish an inventory of the main mining and processing sites in operation and accessible by road and/or rail in the Abitibi region, in both Ontario and Quebec, with their locations and qualifications. The second phase will develop a concept for the transportation of mineralization and/or treatment sludge for the three best options selected from the sites identified in the previous phase. The main goal of this phase is to design a concept for transporting the mineralization from the Wasamac deposit to a regional processing plant and tailings facility for custom milling. The Corporation expects to receive the results of this study in May 2018.

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 MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX.V:MQR) is an emerging gold producer 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 Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

ABOUT BBA

BBA is a Canada-wide consulting engineering firm that offers multidisciplinary consulting services in engineering, project management and environment. Thanks to its cutting-edge expertise in the energy, mining and metals, biofuels, and oil and gas sectors, BBA is now recognized for the excellence of its services, from pre-study to onsite commissioning support and detailed engineering.

The firm relies on a team of over 750 professionals from its 11 offices across Canada to carry out local, national and international mandates, thereby helping its industrial clients implement the most reliable, profitable and eco-friendly solutions.

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.

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New Age Metals $NAM.ca Signs a Binding Letter of Intent (LOI) with Prominent Alaskan Geological Consulting Firm $WG.ca $XTM.ca $WM.ca

Posted by AGORACOM-JC at 9:55 AM on Wednesday, April 4th, 2018

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  • Alaska has an extensive mineral inventory and is one of the leading states in America for mineral exploration and development.
  • New Age Metals (NAM) objective is to acquire Platinum Group Metals (PGM), PGM Polymetallic, and Rare Metal Projects in Alaska and has signed a binding Letter of Intent (LOI) with Avalon Development Corp., a prominent Alaskan geological consulting firm.
  • Avalon Development Corp. is a private company and a leader in mineral exploration and development in Alaska.
  • Avalon has agreed to share its extensive geological, geochemical, and geophysical database with New Age Metals (NAM) for 2 years, with the focus being on PGM, PGM Polymetallic, and Rare Metal Projects in Alaska.
  • According to the Fraser Institute’s 2017 survey of mining companies, Alaska ranks as the 10th best jurisdiction in the world for mining. In North America it stands as the 6th best mining jurisdiction behind only: Saskatchewan, Nevada, Quebec, Ontario and Arizona.
  • NAM has two green metals divisions and its major PGM focus is on the development of its 100% owned River Valley PGM Deposit, the largest undeveloped Primary PGM resource in North America, with 4.62Moz Pd Eq in Measured plus Indicated including an additional 2.7Moz Pd Eq in Inferred (see Mar. 21, 2018). River Valley is situated within 100 KMs of the world class Sudbury metallurgical complex.

April 4th, 2018 / Rockport, ON, Canada – New Age Metals Inc. (TSX.V: NAM; OTCQB: NMTLF; FSE: P7J.F) is pleased to announce that it has signed a binding Letter of Intent (“LOI”) with Avalon Development Corp. (“Avalon”). The LOI calls for an agreement between the companies whereby Avalon will provide acquisition and geological services to New Age Metals (“NAM”) in the state of Alaska. The LOI further defines the extent of the services as follows:

1.To provide NAM with its extensive geological, geochemical, and geophysical database on Platinum Group Metals (PGM’s), PGM Polymetallic, and Rare Metals for a minimum 2 years.

2. Avalon will provide field manager services to NAM in the event any new acquisitions are made as a result of the LOI agreement.

3.Avalon and/or its associated companies will receive finder’s fees and/or property option compensation for its services.

Mr. Harry Barr Chairman/CEO stated: “We are pleased to partner with Avalon Development Corp. and its President Mr. Curt Freeman in Alaska. The LOI accomplishes another milestone in 2018 for NAM which was to find a new mining jurisdiction and a qualified consulting group to help our company continue its search for green metals, PGM’s, and Rare Metals. In the event the company acquires one or more projects in the state of Alaska, we will utilize our Prospector Generator Model, which has been successful in our Lithium Division, and will seek out partners to help us develop our newly acquired projects.”

OPT-IN LIST

If you have not done so already, we encourage you to sign up on our website (www.newagemetals.com) to receive our updated news or click here.

About Avalon development Corp

Since its founding in 1985, Avalon Development has evolved along with the mineral industry and its clients. Avalon exploration teams participated in a number of discoveries in the state. Avalon was responsible for Alaska’s newest gold discovery, the +1 million ounce Peak zone deposit, as well as the 6.5 million ounce intrusive-hosted Dolphin gold deposit, initial targeting of the 20 million ounce Livengood deposit, the southwestern extension of the 1.3 million ounce True North deposit, and deep high grade gold resources at the historic Cleary Hill mine. Avalon has also been responsible for platinum group element, copper-nickel and rare metal discoveries on several exploration projects across Alaska. Avalon continues to work with a number of major and junior mining companies involved in precious, base and strategic metal exploration in Alaska.

ABOUT NAM’S PGM DIVISION

NAM’s flagship project is its 100% owned River Valley PGM Project (NAM Website – River Valley Project) in the Sudbury Mining District of Northern Ontario (100 km east of Sudbury, Ontario). Presently the River Valley Project is North America’s largest undeveloped primary PGM deposit with Measured + Indicated resources of 160 million tones @ 0.44 g/t Palladium, 0.17 g/t Platinum, 0.03 g/t Gold, with a total metal grade of 0.64 g/t at a cut-off grade of 0.4 g/t equating to 3,297,173 ounces PGM plus Gold and 4,626,250 PdEq Ounces. This equates to 4,626,250 PdEq ounces M+I and 2,713,933 PdEq ounces in inferred (figure 1). Having completed a 2018 NI-43-101 resource update the company is finalizing its 2018 exploration programs which will include geophysics, and extensive drill programs, which are all working towards the completion of a Preliminary Economic Assessment (PEA). Our objective is to develop a series of open pits (bulk mining) over the 16 kilometers of mineralization, concentrate on site, and ship the concentrates to the long-established Sudbury Metallurgical Complex.

ABOUT NAM’S LITHIUM DIVISION

The Company has five pegmatite hosted Lithium Projects in the Winnipeg River Pegmatite Field, located in SE Manitoba. Three of the projects are drill ready. This Pegmatite Field hosts the world class Tanco Pegmatite that has been mined for Tantalum, Cesium and Spodumene (one of the primary Lithium ore minerals) in varying capacities, since 1969. NAM’s Lithium Projects are strategically situated in this prolific Pegmatite Field. Presently, NAM is one of the largest mineral claim holders for Lithium in the Winnipeg River Pegmatite Field. On January 15th 2018, NAM announced an agreement with Azincourt Energy Corporation (see Jan 15, 2018 and Feb 22nd, 2018 Press Releases) whereby Azincourt will commit up to $3.85 million dollars in exploration, up to 3 million shares of Azincourt stock to NAM, up to $210,000 in cash, and a 2% net smelter royalty on all 5 projects. Exploration plans for 2018 are currently in progress, whereby a minimum of $500,000 will be expended this year.

QUALIFIED PERSON

The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, a consulting geoscientist for New Age Metals. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.

On behalf of the Board of Directors

“Harry Barr”

Harry G. Barr

Chairman and CEO

ADDITIONAL INFORMATION

Should you have additional inquiries, please contact Paul Poggione, Corporate Development, Tel: 1-613-659-2773, email: [email protected].

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.

Cautionary Note Regarding Forward Looking Statements: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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Gratomic Inc $GRAT.ca Gratomic Announces 6.88% Cg Over 62 Metres at 100% Owned Buckingham Project #Graphite

Posted by AGORACOM-JC at 8:55 AM on Tuesday, April 3rd, 2018

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  •  %100 owned Buckingham graphite project in Quebec
  •  16.64% Cg  over 18 metres in drill hole CK18-07
  • 4.94% Cg was intersected over 66 metres in Hole CK18-09

TORONTO, April 03, 2018 (GLOBE NEWSWIRE) — Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V:GRAT) (FRANKFURT:CB81) a vertically integrated graphite to graphenes, advanced materials development company is pleased to provide results from the diamond drilling program at its 100% owned Buckingham graphite project in Quebec. Results have now been received from all six holes, with assays up to 16.64% Cg (carbon as graphite) over 18 metres in drill hole CK18-07.

Gratomic’s Co-CEO Arno Brand stated, “The Buckingham results are inspiring and further validate that this asset has significant exploration merit.”

Highlights of the results received to date include a grade of 6.88% Cg over 62 metres in hole CK18-07, that included 12.75% Cg over 29 metres and included a higher grade 16.64% Cg interval over 18 metres, starting at a depth of 57 metres. A grade of 4.94% Cg was intersected over 66 metres in Hole CK18-09 from six metres, that included higher grade near surface intervals of 14.52% Cg over four metres and 13.52% Cg over three metres. A summary of the results is given in the table below.

 

The drilling follows up on positive results of previous work including airborne electromagnetics, trenching and a first stage drill program undertaken during 2016 and 2017. Hole CK-18-06 was drilled to the northwest to test the thickest portion of the 1.54 kilometre long northeast-southwest trending electromagnetic (EM) conductor and intersected low grade graphite mineralization associated with carbonate horizons in quartzo-feldspatic gneiss. Hole CK 18-07 was drilled to the southeast through the conductor between trenches 5 and 6 from the 2017 program. The hole intersected three graphite zones between 30 and 146 metres, with the highest grades associated with marble zones within gneiss. Hole CK18-08 was collared approximately 50m north of hole CK18-06 and drilled to the southeast. It intersected two graphite zones from 46 to 63 metres and from 95 to 108 metres with higher grades again associated with marble horizons. Hole CK18-09 was drilled to the northwest across a narrowing of the EM anomaly and intersected three graphite zones between 6 metres and 157 metres. Graphite mineralization in the near surface zone is associated with intervals of marble within the gneiss. Holes CK18-10 and CK18-11 were drilled across conductors in the vicinity of trench 2 and trench 10, respectively. Both holes showed relatively narrow intervals of graphite associated with marble.

All samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. Samples were securely stored prior to shipping to SGS in Lakefield Ontario. Samples were crushed, milled and roasted and treated by HCl leach prior to being assayed by the combustion infrared technique (LECO). The Company routinely submits standards, duplicates and blanks with sample batches to monitor the quality of the assays.

The technical content of this News Release was reviewed and approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.

About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol GRAT.

About the Buckingham Project

The 100%-owned Buckingham Graphite Property is located 7 kilometres northwest of the town of Buckingham, Quebec, Canada and consists of eight claim blocks totaling 480 hectares. Well-maintained bush roads provide easy access to the property. The property lies within the Central Metasedimentary Belt of the Grenville Geologic Province 82 km south of Imerys Graphite & Carbon’s operating Lac des Iles graphite mine. Graphite occurs disseminated in marble and paragneiss and within veins hosted in pegmatite, diopside skarn, marble and gneiss.

Two graphitic zones, the Uncle Zone and the Case Zone have been discovered to date, with both zones showing high grade occurrences of disseminated flake and vein type graphite and yielding assay values as high as 81.1% Cg. Initial crushing and flotation of two samples from the Uncle Zone has achieved purity of up to 99.4% Cg from a single flotation test without process optimization (see news release dated February 17, 2015).

For more information: visit the website at www.gratomic.ca or contact:
Arno Brand, Co-CEO, +1 416-561-4095

E-mail inquiries: [email protected]

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#Gold Climbs After #China Imposes Tariffs $AMK.ca $EXS.ca $GGX.ca $GR.ca $GZD.a $MQR.ca

Posted by AGORACOM-JC at 11:41 AM on Monday, April 2nd, 2018
  • Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum
  • Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange
By Amrith Ramkumar

April 2, 2018 10:19 a.m. ET

Gold prices rose Monday after China imposed tariffs on a range of U.S. goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum.

Gold for June delivery added 0.8% to $1,337.40 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have stayed between about $1,305 and $1,360 this year, moving within that range based on safe-haven demand from investors, swings in the dollar and worries about higher interest rates.

Some money managers favor gold when they think markets might turn rocky. Protectionist trade policies from the U.S. and China have stoked fears of a global trade war that leads to higher manufacturing costs and eventually slower economic growth, pushing some traders to scoop up gold.

The Chinese penalties range from 25% on American pork and eight other kinds of goods to 15% on fruit and 120 types of commodities, according to the Chinese Finance Ministry.

“Last night’s tariff news from China spooked the market, took the dollar lower and gave us a lot of safe-haven buying in gold,” said Bob Haberkorn, senior market strategist at RJO Futures.

A weaker dollar boosts gold by making it and other dollar-denominated commodities cheaper for overseas buyers. The WSJ Dollar Index, which tracks the U.S. currency against a basket of 16 others, pared early losses and was recently up less than 0.1%.

Investors will be monitoring speeches from Federal Reserve officials and economic data this week for the latest clues about the path for higher interest rates. Gold struggles to compete with yield-bearing assets as borrowing costs rise, and the prospect of two or three more increases following March’s rate increase has limited price gains, according to analysts.

“Rates are going to hang over any gold rally we have for the remainder of the year,” Mr. Haberkorn said.

Among base metals, copper for May delivery added 0.7% to $3.0480 a pound. Prices fell 7.9% in the first quarter to end an eight-quarter winning streak, hurt by trade tensions and lukewarm Chinese economic data. However, data released over the weekend showed an official gauge of China’s factory activity rose to a three-month high in March, as factories ramped up production following the Lunar New Year holiday.

Some investors expect data to pick up as the year goes on and supply disruptions from mining labor contracts up for renegotiations to buoy prices.

Write to Amrith Ramkumar at [email protected]

Source: https://www.wsj.com/articles/gold-climbs-after-china-imposes-tariffs-1522678783

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$GGX.ca GGX Gold’s Newly Discovered Everest Vein First Three Drill Holes Completed Greenwood BC $NNA.ca, $GZD.ca

Posted by AGORACOM at 9:00 AM on Wednesday, March 28th, 2018

 

  • Completed the first three diamond drill holes on the Newly Discovered Everest Vein
  • DD EVE18-2 – intersected a 19.15 meter mineralized zone that includes a 5.3 meter strongly silicified zone with a total of 1.62 meter  of quartz intercepts.

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (GGX: TSX.v), (GGXXF: OTCQB), (the “Company” or “GGX”) is pleased to announce it has completed the first three diamond drill holes on the Newly Discovered Everest Vein.   The company is simultaneously continuing to drill the COD Vein with a second Diamond Drill. The COD Vein is approximately 600 meter’s North of the Everest Vein and 100 Meter’s East. updates will be released shortly.

 

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

 

The current diamond drilling program on the Everest Vein which was first discovered by Company prospectors during the 2017 work program. 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 drill program is designed to test the vein at depth. The reported intercepts are reported as core length.

 

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

 

DD EVE18-1 – intersected an 11.35-meter-wide strongly mineralized and silicified zone.

 

DD EVE18-2 – intersected a 19.15 meter mineralized zone that includes a 5.3 meter strongly silicified zone with a total of 1.62 meter  of quartz intercepts.

 

DD EVE18-3 – intersected a 2.76 meter wide mineralized and silicified zone that includes 1.2 meter of quartz veining.

 

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

 

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

 

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant for GGX, 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, 604-720-6598   [email protected]

 

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

The Crew  

 

Forward Looking Information

 

 

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Monarques Gold $MQR.ca reports new high-grade #gold results from its 2017 drilling program at the Beaufor Mine $MUX.ca $SII.ca

Posted by AGORACOM-JC at 9:28 AM on Tuesday, March 27th, 2018

MONTREAL, March 27, 2018

  • Exploration drilling intersected new veins subparallel to Zone Q, including:
    • 32.28 g/t Au over 2.10 metres, including 62.40 g/t Au over 1.10 metres
    • 7.55 g/t Au over 4.00 metres, including 20.80 g/t Au over 1.00 metre
  • Definition drilling continued to intersect high-grade gold zones, including:
    • 13.41 g/t Au over 4.75 metres, including 89.85 g/t Au over 0.50 metres
    • 17.34 g/t Au over 3.30 metres, including 59.00 g/t Au over 0.80 metres
    • 10.11 g/t Au over 2.50 metres, including 27.40 g/t Au over 0.55 metres
    • 8.82 g/t Au over 2.50 metres, including 25.95 g/t Au over 0.60 metres
  • A 30,000-metre drilling program has been under way at the Beaufor Mine since the beginning of 2018 to increase the resources and extend the mine life. 

MONTREAL, March 27, 2018  – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX.V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report new results that mark the end of its 2017 drilling program at the Beaufor Mine. The results are from a total of 7,157 metres of drilling in 52 holes, including 5 exploration holes (2,651 metres) and 47 definition drill holes (4,506 metres). The holes were drilled in multiple areas of the mine, including zone Q, QH2 and 32 and the 350H, 1700 and Granodiorite East projects (see composite schematic section).

Results of exploration drilling:

Zone Q
Zone Q is the main zone currently in production at the Beaufor Mine. Two holes were drilled in the eastern part of the zone, outside the known reserve and resource envelope, to test for structural continuity and the presence of mineralized veins in the hangingwall and footwall. Holes 142-89 and 142-95 (see section 1690E) were drilled to a final depth of 654 and 460 metres, respectively. Both holes intersected Zone Q, as well as mineralized veins in the footwall of the zone (QF veins).

The QF veins returned the following significant results:

  • Hole 142-89 intersected 7.55 g/t Au over 4.00 metres, including 20.80 g/t Au over 1.00 metre, as well as 11.75 g/t Au over 2.00 metres and 24.25 g/t Au over 1.00 metre.
  • Hole 142-95 intersected 32.28 g/t Au over 2.10 metres, including 62.40 g/t Au over 1.10 metres, and 13.74 g/t Au over 2.70 metres, including 36.55 g/t Au over 0.90 metres.

The characteristics of the QF veins are similar to those of the typical known veins at the Beaufor Mine, which are quartz-tourmaline veins with disseminated pyrite associated with diorite dykes.

“The strategy of testing the east and depth extensions of Zone Q with exploration holes has paid off, as we were able to identify a good gold potential in the Zone Q footwall,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “Based on the results obtained to date, we think that we’ll be able to increase the mineral resource in this area.  We will do more in-depth follow-up on the QF veins as part of the 2018 drilling program already under way.”

1700 and Granodiorite East projects
Three other exploration holes (142-74, 150-63b and 156-13) were drilled in the 1700 and Granodiorite East project areas, for a total of 1,537 metres. The 1700 project returned the best result, with 26.70 g/t Au over 0.50 metres in Hole 156-13 associated with a quartz vein containing 30% pyrite. Additional drilling is needed for a better understanding of the geometry of the veins in this area, as little is currently known about their extensions.

Results of definition drilling:

Zone Q
Six holes were drilled for a total of 1,504 metres. Hole 150-64 tested the eastern part of Zone Q and the remaining five holes were drilled in the western part of the zone. All the holes intersected Zone Q, and some also intersected QH veins less than 100 metres into the Zone Q hangingwall.

The best intersections for Zone Q were:

  • Hole 101-100 intersected 13.41 g/t Au over 4.75 metres, including 89.85 g/t Au over 0.50 metres.
  • Hole 101-183 intersected 18.75 g/t Au over 0.50 metres.

The best results for the QH veins, intersected in the Zone Q hangingwall, were:

  • Hole 150-64 intersected 22.40 g/t Au over 0.70 metres and 58.90 g/t Au over 0.60 metres.
  • Hole 101-100 intersected 46.95 g/t Au over 0.65 metres.
  • Hole 101-104 intersected 16.63 g/t Au over 0.70 metres.

The correlation between the QH and QF veins, located at various distances apart in the Zone Q hangingwall and footwall, is not yet well understood or defined, and additional drilling is needed to better understand their geometry.

Zone QH2

Twenty-two infill holes were drilled on a 12.5 m by 12.5 m spacing from the 193 sublevel in Zone Q, for a total of 1,286 metres of drilling. The holes confirmed the continuity of the zone over a distance of approximately 120 metres along strike and approximately 50 metres vertically.

The best results for Zone QH2 were:

  • Hole 146-37 intersected 17.34 g/t Au over 3.30 metres, including 59.00 g/t Au over 0.80 metres.
  • Hole 142-90 intersected 10.11 g/t Au over 2.50 metres, including 27.40 g/t Au over 0.55 metres.
  • Hole 142-80 intersected 11.25 g/t Au over 0.75 metres.

Zone QH2 is a QH-type vein located in the eastern part of Zone Q. It dips an average 30 to 35 degrees to the south (compared to 45 degrees for Zone Q) and sits an average of about 30 metres into the Zone Q hangingwall. The drilled area is accessible from the 193 sublevel of Zone Q and a drift is currently being driven towards the zone. Additional drilling is planned in an adjacent area to confirm the vein extensions to the east and at depth along the structure.

Zone 32
Three holes were drilled for a total of 266 metres of drilling. The holes tested an open area to the west of an old stope mined from level 13 of the mine. Zone 32 was intersected in two of the three holes.

The best results for Zone 32 were:

  • Hole 108-156 intersected 8.82 g/t Au over 2.50 metres, including 25.95 g/t Au over 0.60 metres.

The drilling confirmed the continuity of Zone 32 on the west side of a late, low-displacement fault. More drilling is planned to characterize an untested area approximately 25 m by 40 m to the west of the three completed holes.

350H project
Sixteen infill holes totalling 1,450 metres were drilled over a distance of about 100 metres along strike and 50 metres vertically.

The best results for veins 350H, H1 and H2 were:

  • Hole 48-07 intersected 60.65 g/t Au over 0.60 metres.
  • Hole 48-09 intersected 10.73 g/t Au over 0.50 metres.
  • Hole 48-10 intersected 8.20 g/t Au over 2.05 metres.
  • Hole 48-13 intersected 11.21 g/t Au over 0.50 metres.
  • Hole 48-14 intersected 10.25 g/t Au over 0.65 metres.
  • Hole 51-06 intersected 26.14 g/t Au over 1.15 metres.

The 350H project is located in the area of the mine’s external ramp. Veins 350H, 350H1 and 350H2 are stacked structures spaced some 10 m to 20 m apart in the direction perpendicular to their dip (30-35 degrees). The best continuity identified by drilling is associated with vein 350H1.

Quality control and qualified person
Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to Val-d’Or for assaying at the ALS Geochemistry laboratory, which is fully accredited under ISO 17025. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 10.0 g/t are re-assayed using gravimetric finish. Certified standards and blanks are inserted into the sampling stream for quality control purposes.

The technical and scientific content of this press release has been reviewed and approved by Petr Pelz, P.Geo., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corp (TSX.V:MQR) is an emerging gold producer 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 Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

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.

Holes that returned grades below 1 g/t Au are not shown in the table.

  • Zone Q project: Holes 120-182 and 120-183.
  • Zone QH2 project: Holes 142-78, 142-79, 182-82, 142-83, 142-84, 142-87a, 142-91, 142-92, 142-93, 142-94 and 146-38.
  • Zone 32 project: Holes 109-116 and 108-155a.
  • 350H project: Holes 51-01, 51-02, 51-03, 51-04, 51-10, 48-11 and 48-12.

SOURCE Monarques Gold Corporation

View original content with multimedia: http://www.newswire.ca/en/releases/archive/March2018/27/c3903.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

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$GLI.ca Glacier Lake Completes Phase 1 Drill Program at Silver Vista $IVN.ca

Posted by AGORACOM at 10:10 AM on Monday, March 26th, 2018

  • Initial drill program focused on the “MR” area, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone
  • Seven (7) holes, totaling 1,273 metres were completed
  • 2 deeper holes (average depth 282.4 meters) drilled southeast to northwest
  • 5 shallower holes with an average depth (142.0 meters) drilled northwest to southeast

 

VANCOUVER, British Columbia, March 26, 2018 (GLOBE NEWSWIRE) — Glacier Lake Resources Inc. (TSX-V:GLI) (“Glacier” or the “Company”) has completed the Phase 1 diamond drill program on its Silver Vista property near Smithers, British Columbia. This initial drill program was focused on the main “MR” showing, a clastic sediment-hosted, fine-grained, disseminated copper-silver zone. The core for Hole SV18-01 has been sent to the ALS Minerals laboratory in North Vancouver, B.C. with results to be released once received and reviewed.

Seven (7) holes, totaling 1,273 metres were completed. Glacier’s program represents the first drilling on the Silver Vista property since the 1991-1992 Equity Silver Mines Ltd. (a division of Placer Dome Inc., now Barrick Gold Corp.) program of 14 holes, totaling 1,252.5 metres.  The 2018 program comprised two deeper holes (average depth 282.4 meters) drilled southeast to northwest and five shallower holes (average depth (142.0 meters) drilled northwest to southeast, testing mineralization in the historic Equity drill holes, and/or soil and rock Ag and Cu surface geochemistry from the 2011 to 2013 Amarc Resources Ltd., surface programs.

The drilling indicates a moderate, north to northwest dip to the sedimentary units. Visible mineralization is not obvious, so Glacier employed a portable XRF unit to aid in identification of mineralized zones to assist in drilling of subsequent holes. Elevated levels of silver, copper and zinc were noted in multiple horizons within the drill holes.  Glacier Lake cautions investors the XRF readings were used only to direct subsequent drilling and only analyses from the North Vancouver ALS Minerals laboratory will be reported and relied on by the Company.

Upon receipt and review of the assay data from the 2018 drill program, Company geologists will plan and budget a surface program to start after spring break-up. While the main “MR” road-cut showing is the most advanced target, Amarc 2011 to 2013 soil geochemistry outlined an area of anomalous Ag and Cu approximately 1.5 kilometres by 2.0 kilometres around the MR prospect area. This area had multiple Ag and Cu soil geochemical anomalies also defined.

Further details can be found in the 43-101 report on the property located under the Company’s SEDAR profile.

Quality assurance/quality control

The entire length of core for each of the 7 drill holes are currently being sawn and sampled at continuous 1.0 metre intervals, with occasional shorter or longer intervals based on apparent wall rock and mineralization contact. Supervision, organization and splitting of drilling core samples are undertaken by personnel from geological consultant Mammoth Geological Ltd. Half of the core will be securely shipped to the laboratory for analysis and the other half retained in a secure storage location. Certified reference standards and blanks will be placed in the sample stream of each drill hole alternating at every 25th interval. Samples were packed into rice bags, zap-strapped and securely stored until they were turned over to the local trucking company for transport to the ALS Minerals Laboratory in North Vancouver, B.C.

All core samples will be analyzed utilizing ALS’s MEICP-61 procedure, a four-acid digestion of a one-gram sample with an ICP finish. Samples with over limit copper or silver values will receive an ME-OG62 analysis, a four-acid digestion of a 0.5-gram sample with ICP-AES finish.

A routine quality assurance/quality control (QA/QC) procedure is adopted to monitor the analytical quality at the lab. Certified reference materials (CRMs), pulp duplicates and blanks are inserted into each lab batch of samples. QA/QC data at the lab are attached to the assay certificates for each batch of samples.

Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.

The Company also wishes to clarify the finders’ fees which were paid in connection with completion of its private placement of units announced on March 19, 2018.  In connection with closing of the placement, the Company paid cash commissions of $31,807.20, issued 258,920 common share purchase warrants (each, a “Warrant”), and 259,200 finders’ options (each, a “Finders’ Option”).  Each “Warrant” entitles the holder to acquire a common share of the Company at a price of $0.10 for a period of twenty-four months, subject to accelerated expiry in the event the closing price of the Company’s common shares on the TSX Venture Exchange is $0.25 or higher for ten consecutive trading days.  Each “Finders’ Option” entitles the holder to acquire a unit of the Company consisting of one common share and one Warrant, at a price of $0.06 for a period of twenty-four months.

All Warrants and Finders’ Options issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

Subject to approval from the TSX Venture Exchange, the Company will grant 500,000 incentive stock options to certain directors, officers and consultants of the Company. The options vest immediately and are exercisable at a price of $0.09 per share for a period of 5 years. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For additional information please feel free to contact:

Saf Dhillon
President/CEO
Glacier Lake Resources Inc.
Tel: 866-687-7059
Dir: 604-688-2922
[email protected]

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FEATURE: Explor Flagship Hosts NI 43-101 Resource – 609K Oz Indicated, 470K Oz Inferred #Gold $EXN.ca $HBE.ca $OSK.ca

Posted by AGORACOM-JC at 10:45 AM on Friday, March 23rd, 2018

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

2nd Project 43-101 Open Pit Resource

  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

WATCH OUR RECENT INTERVIEW

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