Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold-silver property in northeast Nicaragua. Rosita is located in an emerging porphyry district and was a past producer. Alder's experienced management team recently outlined an initial inferred resource at Rosita of 108 million pounds of copper, 118 thousand ounces of gold, and 2.4 million ounces of silver. Alder's objectives are to discover large porphyry deposits at Rosita, expand resources around past open pits, expand its land portfolio, and practice diligent cash management.
Alder Resources holds a 65% interest in the 33 square kilometer Rosita copper-gold-silver property in northeast Nicaragua. The experienced management team aims to discover large porphyry deposits at Rosita, which was a past producer and has an initial inferred resource. Nicaragua is a mining-friendly jurisdiction with a long history of production. The Rosita project is located in an emerging porphyry district near producing and developing copper-gold mines.
Energizer Resources (TSX: EGZ) Fast-tracks Vanadium and Graphite in MadagascarResource Clips
ResourceClips talks with Energizer Resources VP of Business Development regarding the company's exploration of vanadium and graphite. Feature article on February 29, 2012.
Alder Resources holds a 65% interest in the Rosita copper-gold-silver project in northeastern Nicaragua. The project contains a historic resource of over 100 million pounds of copper, 118,000 ounces of gold, and 2.4 million ounces of silver in stockpiles from previous production. Alder's exploration at the project has identified additional high-quality porphyry and skarn targets near the historic open pits that warrant further drilling. The company plans to complete an 8,000 meter drilling program by the fourth quarter of 2012 aimed at expanding resources. Alder has an experienced management team with a track record of discovery and is well positioned to generate value from the Rosita project located in an emerging copper-
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. With mining operations having been profitable since the first day of production in 2006, IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer led by a highly respected team of professionals.
IMPACT is positioned for growth with two new mines being constructed in 2012: the open-pit Capire Mine and the underground Oscar Mine. The commencement of production at these two new mines will represent the next phase of growth for the Company and aim to establish IMPACT as a multimillion ounce silver producer.
Alder Resources holds a 65% interest in the 33 km2 Rosita copper-gold-silver property in northeast Nicaragua. Rosita is located in an emerging porphyry district and was a past producer. Alder's experienced management team recently outlined an initial inferred resource at Rosita of 108 million pounds of copper, 118 thousand ounces of gold, and 2.4 million ounces of silver. Alder's objectives are to discover large porphyry deposits at Rosita, expand resources around past open pits, expand its land portfolio, and practice diligent cash management.
Alder Resources holds a 65% interest in the 33 square kilometer Rosita copper-gold-silver property in northeast Nicaragua. The experienced management team aims to discover large porphyry deposits at Rosita, which was a past producer and has an initial inferred resource. Nicaragua is a mining-friendly jurisdiction with a long history of production. The Rosita project is located in an emerging porphyry district near producing and developing copper-gold mines.
Energizer Resources (TSX: EGZ) Fast-tracks Vanadium and Graphite in MadagascarResource Clips
ResourceClips talks with Energizer Resources VP of Business Development regarding the company's exploration of vanadium and graphite. Feature article on February 29, 2012.
Alder Resources holds a 65% interest in the Rosita copper-gold-silver project in northeastern Nicaragua. The project contains a historic resource of over 100 million pounds of copper, 118,000 ounces of gold, and 2.4 million ounces of silver in stockpiles from previous production. Alder's exploration at the project has identified additional high-quality porphyry and skarn targets near the historic open pits that warrant further drilling. The company plans to complete an 8,000 meter drilling program by the fourth quarter of 2012 aimed at expanding resources. Alder has an experienced management team with a track record of discovery and is well positioned to generate value from the Rosita project located in an emerging copper-
IMPACT Silver Corp is a profitable silver mining company with three producing mines in Mexico. With mining operations having been profitable since the first day of production in 2006, IMPACT has distinguished itself as a consistently low-cost and profitable precious metals producer led by a highly respected team of professionals.
IMPACT is positioned for growth with two new mines being constructed in 2012: the open-pit Capire Mine and the underground Oscar Mine. The commencement of production at these two new mines will represent the next phase of growth for the Company and aim to establish IMPACT as a multimillion ounce silver producer.
The Society of Professional Journalists' Code of Ethics includes four primary sections that guide ethical conduct for journalists. These sections outline journalists' responsibility to seek truth and report it, minimize harm, act independently, and be accountable and transparent. The code calls on journalists to be honest, fair and courageous in gathering, reporting and interpreting information for the public.
This document is a resume for Hesham Mohamed Abd El-Waly Abd El-Gawad. It lists his objective as becoming a useful part of a well-reputed organization to enhance his skills. It details his work experience including as an Industrial Engineer for Alstom Egypt from 2013-2016 and as Deputy Technical Office Manager for Alstom Egypt from 2010-2013. It also lists his education and references.
Auryx Gold Corp (TSE:AYX; NSE:AYX) is a Canadian resource company engaged in the acquisition and exploration of gold projects in Namibia. Auryx’s flagship project, the Otjikoto gold deposit, is located 300km north of Namibia’s capital city, Windhoek and is well-served by infrastructure. Otjikoto has a 43-101 compliant indicated resource of 1.22 Moz at a grade of 1.34 g/t Au and an inferred resource of 0.71 Moz at a grade of 1.28 g/t Au, using a 0.4 g/t cut-off.
Auryx was recently listed on the Namibian Stock Exchange, though the Toronto Stock Exchange remains its primary listing for common shares. In June 2010, Auryx acquired over 300,000 ha of exploration licenses located in north-central Namibia.
Fortune Minerals Ltd. - A Complicated CompanyResource Clips
Fortune Minerals Ltd. (TSX: FT) is a diversified resource company with several mineral deposits and a number of exploration projects. All projects are located in Canada. ResourceClips.com highlights the company's developments regarding their gold and coal projects.
The company presentation summarizes Avion Gold Corporation, a new gold producer in West Africa. Key points include:
1) Avion has acquired and commenced production at the Segala gold mine in Mali, targeting 55,000 ounces of gold production in 2009.
2) The company intends to expand production to 200,000 ounces annually by 2011 through developing its large land package in Mali.
3) Avion has assembled a significant asset base in Mali for less than $0.20 on the dollar, including an operating mill and infrastructure.
- The document discusses a joint venture between Bowmore Exploration and Threegold Resources regarding their Standard Gold-Duverny Project in Quebec. Phase I drilling results showed mineralization over 3.6 kilometers, indicating a potential large, bulk-tonnage deposit. Assays returned values up to 19.05 g/t gold over 1 meter.
- Bowmore can earn up to 70% of the project by spending $4 million over five years and Threegold retains 100% ownership of their adjacent South Bay Gold Project which also had positive drilling results last year.
- Both companies see significant potential at their projects and have additional properties and exploration plans outlined. Osisko Mining is a major shareholder of Bow
Goldgroup Mining plans to expand its annual gold production eight-fold to 200,000 ounces by 2013 through developing two projects in Mexico. It recently earned a 70% interest in the Caballo Blanco project which has an indicated resource of 139,000 ounces of gold and is exploring expanding the known deposits. Goldgroup also owns 50% of the San Jose de Gracia project which has an inferred resource of 618,000 ounces of gold and expects to begin mining there in late 2013. The company currently produces 25,000 ounces annually from its Cerro Colorado mine and aims to have three operating gold mines in Mexico by expanding production at Caballo Blanco and San Jose de Gracia.
Torex Gold is developing the Morelos Gold Project in Mexico. The company has completed a feasibility study showing robust economics for an initial open pit mine with annual production of 375,000 ounces of gold on average. Exploration is ongoing to expand resources at the project, with a new discovery south of the river showing potential to provide additional mineralization. Torex has the management experience to execute project construction and overcome any risks through careful planning and risk mitigation.
The document summarizes an article about Trade Winds Ventures and its Block A gold project in Ontario, located near Detour Gold's Detour Lake mine. Trade Winds owns 50% of Block A through a joint venture with Detour Gold. Block A currently contains over 2 million ounces of gold measured and indicated resources and over 750,000 ounces inferred. Trade Winds plans to continue drilling to expand resources and determine if Block A can be developed as a standalone mine or if the ore can be processed at an expanded Detour Lake mill. A preliminary economic assessment is expected by the end of 2011 to evaluate these options.
Torex Gold is developing the Morelos Gold Project in Mexico. The feasibility study shows it will be a robust project producing an average of 375,000 ounces of gold per year over its mine life of 10.5 years. Torex is focusing exploration efforts on expanding resources at the nearby Media Luna Area, which has returned promising drill results indicating potential to increase the project's mine life and annual production. The project has strong economics even at lower gold prices, but Torex will need to manage risks such as permitting, financing, and construction to bring the mine into production as planned in 2015.
Sabina Gold & Silver Corp. (TSX: SBB) is a Canadian precious metals company. The company's assets in Nunavut include the Back River Gold Project which has a positive Preliminary Economic Assessment completed on it.
Sulliden Gold Corporation's Shahuindo gold and silver project in Peru remains on track despite concerns about the country's new president. Recent drilling continues to expand the resource, which was recently updated to 1.97 million ounces of gold and 27.98 million ounces of silver indicated, with inferred resources of 1.44 million ounces gold and 38.58 million ounces silver. Sulliden's VP believes the project, located near mines owned by Barrick and Newmont, "is a mine" and will be "a good, low-cost, heap-leach gold project." He expects construction to begin in 2012 and for the mine to ultimately produce 4-6 million ounces of oxide gold.
Apogee Silver is nearing silver production at its Pulacayo Silver-Lead-Zinc Project in Bolivia. An October resource update showed a 133% increase in indicated silver ounces and 38% increase in inferred ounces compared to June 2010. Trial mining began in October and CEO Neil Ringdahl plans to focus on training local community members as miners. Ringdahl is also optimistic about the Cachinal Project in Chile and Apogee's long-term potential to produce silver at its Bolivian projects, noting encouraging comments from Bolivia's President Evo Morales about supporting mining development.
Trial mining at Apogee Silver's underground Pulacayo Silver-Lead-Zinc Project in Bolivia began in October 2011. That same month, a resource update revealed an additional 133% silver ounces indicated...
Fortune Minerals Ltd. (TSX: FT) Seeks Partner as it Moves to ProductionResource Clips
Fortune Minerals is advancing two projects towards production within 12 months of each other in 2014. The company's NICO project in the Northwest Territories will produce gold, cobalt, bismuth and copper, while its Mount Klappan coal project in British Columbia will produce anthracite coal. Fortune intends to recruit partners to finance the projects with minimal equity dilution. Both projects have been tested through mining and feasibility studies, putting them close to production.
The Society of Professional Journalists' Code of Ethics includes four primary sections that guide ethical conduct for journalists. These sections outline journalists' responsibility to seek truth and report it, minimize harm, act independently, and be accountable and transparent. The code calls on journalists to be honest, fair and courageous in gathering, reporting and interpreting information for the public.
This document is a resume for Hesham Mohamed Abd El-Waly Abd El-Gawad. It lists his objective as becoming a useful part of a well-reputed organization to enhance his skills. It details his work experience including as an Industrial Engineer for Alstom Egypt from 2013-2016 and as Deputy Technical Office Manager for Alstom Egypt from 2010-2013. It also lists his education and references.
Auryx Gold Corp (TSE:AYX; NSE:AYX) is a Canadian resource company engaged in the acquisition and exploration of gold projects in Namibia. Auryx’s flagship project, the Otjikoto gold deposit, is located 300km north of Namibia’s capital city, Windhoek and is well-served by infrastructure. Otjikoto has a 43-101 compliant indicated resource of 1.22 Moz at a grade of 1.34 g/t Au and an inferred resource of 0.71 Moz at a grade of 1.28 g/t Au, using a 0.4 g/t cut-off.
Auryx was recently listed on the Namibian Stock Exchange, though the Toronto Stock Exchange remains its primary listing for common shares. In June 2010, Auryx acquired over 300,000 ha of exploration licenses located in north-central Namibia.
Fortune Minerals Ltd. - A Complicated CompanyResource Clips
Fortune Minerals Ltd. (TSX: FT) is a diversified resource company with several mineral deposits and a number of exploration projects. All projects are located in Canada. ResourceClips.com highlights the company's developments regarding their gold and coal projects.
The company presentation summarizes Avion Gold Corporation, a new gold producer in West Africa. Key points include:
1) Avion has acquired and commenced production at the Segala gold mine in Mali, targeting 55,000 ounces of gold production in 2009.
2) The company intends to expand production to 200,000 ounces annually by 2011 through developing its large land package in Mali.
3) Avion has assembled a significant asset base in Mali for less than $0.20 on the dollar, including an operating mill and infrastructure.
- The document discusses a joint venture between Bowmore Exploration and Threegold Resources regarding their Standard Gold-Duverny Project in Quebec. Phase I drilling results showed mineralization over 3.6 kilometers, indicating a potential large, bulk-tonnage deposit. Assays returned values up to 19.05 g/t gold over 1 meter.
- Bowmore can earn up to 70% of the project by spending $4 million over five years and Threegold retains 100% ownership of their adjacent South Bay Gold Project which also had positive drilling results last year.
- Both companies see significant potential at their projects and have additional properties and exploration plans outlined. Osisko Mining is a major shareholder of Bow
Goldgroup Mining plans to expand its annual gold production eight-fold to 200,000 ounces by 2013 through developing two projects in Mexico. It recently earned a 70% interest in the Caballo Blanco project which has an indicated resource of 139,000 ounces of gold and is exploring expanding the known deposits. Goldgroup also owns 50% of the San Jose de Gracia project which has an inferred resource of 618,000 ounces of gold and expects to begin mining there in late 2013. The company currently produces 25,000 ounces annually from its Cerro Colorado mine and aims to have three operating gold mines in Mexico by expanding production at Caballo Blanco and San Jose de Gracia.
Torex Gold is developing the Morelos Gold Project in Mexico. The company has completed a feasibility study showing robust economics for an initial open pit mine with annual production of 375,000 ounces of gold on average. Exploration is ongoing to expand resources at the project, with a new discovery south of the river showing potential to provide additional mineralization. Torex has the management experience to execute project construction and overcome any risks through careful planning and risk mitigation.
The document summarizes an article about Trade Winds Ventures and its Block A gold project in Ontario, located near Detour Gold's Detour Lake mine. Trade Winds owns 50% of Block A through a joint venture with Detour Gold. Block A currently contains over 2 million ounces of gold measured and indicated resources and over 750,000 ounces inferred. Trade Winds plans to continue drilling to expand resources and determine if Block A can be developed as a standalone mine or if the ore can be processed at an expanded Detour Lake mill. A preliminary economic assessment is expected by the end of 2011 to evaluate these options.
Torex Gold is developing the Morelos Gold Project in Mexico. The feasibility study shows it will be a robust project producing an average of 375,000 ounces of gold per year over its mine life of 10.5 years. Torex is focusing exploration efforts on expanding resources at the nearby Media Luna Area, which has returned promising drill results indicating potential to increase the project's mine life and annual production. The project has strong economics even at lower gold prices, but Torex will need to manage risks such as permitting, financing, and construction to bring the mine into production as planned in 2015.
Sabina Gold & Silver Corp. (TSX: SBB) is a Canadian precious metals company. The company's assets in Nunavut include the Back River Gold Project which has a positive Preliminary Economic Assessment completed on it.
Sulliden Gold Corporation's Shahuindo gold and silver project in Peru remains on track despite concerns about the country's new president. Recent drilling continues to expand the resource, which was recently updated to 1.97 million ounces of gold and 27.98 million ounces of silver indicated, with inferred resources of 1.44 million ounces gold and 38.58 million ounces silver. Sulliden's VP believes the project, located near mines owned by Barrick and Newmont, "is a mine" and will be "a good, low-cost, heap-leach gold project." He expects construction to begin in 2012 and for the mine to ultimately produce 4-6 million ounces of oxide gold.
Apogee Silver is nearing silver production at its Pulacayo Silver-Lead-Zinc Project in Bolivia. An October resource update showed a 133% increase in indicated silver ounces and 38% increase in inferred ounces compared to June 2010. Trial mining began in October and CEO Neil Ringdahl plans to focus on training local community members as miners. Ringdahl is also optimistic about the Cachinal Project in Chile and Apogee's long-term potential to produce silver at its Bolivian projects, noting encouraging comments from Bolivia's President Evo Morales about supporting mining development.
Trial mining at Apogee Silver's underground Pulacayo Silver-Lead-Zinc Project in Bolivia began in October 2011. That same month, a resource update revealed an additional 133% silver ounces indicated...
Fortune Minerals Ltd. (TSX: FT) Seeks Partner as it Moves to ProductionResource Clips
Fortune Minerals is advancing two projects towards production within 12 months of each other in 2014. The company's NICO project in the Northwest Territories will produce gold, cobalt, bismuth and copper, while its Mount Klappan coal project in British Columbia will produce anthracite coal. Fortune intends to recruit partners to finance the projects with minimal equity dilution. Both projects have been tested through mining and feasibility studies, putting them close to production.
Cangold is advancing the Ixhuatan gold project in Mexico toward prefeasibility. The project has an existing resource of 1.7 million ounces of gold. Cangold has the same management team as Great Panther Silver and aims to develop Ixhuatan, taking advantage of the management's experience operating in Mexico. Metallurgical testing is underway as part of an internal scoping study, with the goal of an environmentally-friendly processing method without cyanide. Cangold also holds early-stage gold projects elsewhere in Mexico.
North Country Gold is developing the Three Bluffs gold project in Nunavut. The project currently has an indicated resource of 508,000 ounces of gold and an inferred resource of 244,600 ounces. Recent drilling results have expanded the strike length to 4.2 kilometres and found high grades, including 43.02 g/t over 4 metres. The company aims to increase the resource to over 2 million ounces by the end of 2011. Challenges of operating in Nunavut include remoteness and harsh conditions, but nearby Agnico-Eagle's Meadowbank mine demonstrates mining can succeed there.
US Gold is rapidly advancing its El Gallo silver-gold mine in Mexico with the goal of starting production in early 2014. Drilling is ongoing to expand resources and convert inferred resources to indicated categories. A feasibility study is scheduled for Q1 2012. Additionally, US Gold plans to merge with Minera Andes to combine El Gallo's exploration potential with Minera's cash flow from its San Jose silver-gold mine in Argentina. The new company, McEwen Mining, would benefit from revenue to fund development at El Gallo while providing shareholders upside from exploration success.
SEMAFO is expanding its flagship Mana Mine in Burkina Faso through a $30 million exploration program. Drilling continues to find gold deposits near the mine, including the Fofina and Fobiri zones south of the original permit that contain over 1 million ounces of inferred resources. The mine has seen record production in the second quarter and a feasibility study predicts the underground mine could produce over 900,000 ounces over nine years. The CEO is optimistic about the mine's future given its consistent production and exploration successes over the past 10 years.
Argentex has assembled an impressive land portfolio in Argentina's Santa Cruz and Rio Negro provinces. In total, the company holds 100% mineral rights to more than 35 properties with over 307,981 acres (124,636 hectares) of land. Argentex's properties are located within two prominent geographical features, the Deseado and Somuncura Massifs, both of which have proven to host significant epithermal precious metal deposits. The large epithermal vein swarm at Pinguino contains Argentex's discovery of indium-enriched vein-hosted base metal mineralization, which represented a new deposit type for the region, as well as low sulphidation precious metal vein mineralization. The combination of these two types of mineralization within the same property is unique for the province of Santa Cruz and a significant milestone for the company.
Calibre Mining is exploring for gold, silver and copper in Nicaragua through partnerships and 100% owned concessions. On its Eastern Borosi project, optioned to IAMGOLD, a 5,500m drill program is underway following high grade gold discoveries in 2014-2015. On its Minnesota project in a JV with B2Gold, a 2014 trench returned 109.6m of 1.58g/t gold. Calibre has multiple exploration programs underway targeting new discoveries across its land package.
Similar to Avion Gold (TSX: AVR) Finds West African Gold (20)
Canada Lithium Corp. (TSX: CLQ) Will Be Canada's Sole Producer By 2013Resource Clips
Canada Lithium Corp is on track to become Canada's sole producer of lithium by 2013. The company's Quebec Lithium project experienced setbacks in 2010-2011 when reviews reduced its measured resources. However, feasibility studies confirmed key project metrics and financing of $75 million was secured in late 2011. The project remains on schedule with construction 20% complete and production of 20,000 tonnes of lithium carbonate annually expected to begin by October 2013.
Standard Graphite (TSXv: SGH) Explores Quebec and Ontario PropertiesResource Clips
Standard Graphite has acquired the Mousseau East graphite property in Quebec, expanding its portfolio of graphite projects across Quebec and Ontario. The Mousseau East property is considered a development asset with historic estimates of high-grade graphite. Standard Graphite aims to advance projects from exploration to production with an experienced management team having expertise in graphite exploration, project development, marketing and operations. The company also recently completed airborne surveys over its properties to identify targets for future exploration and drilling.
Strike Graphite (TSXv: SRK) Picks Up Graphite Projects in Saskatchewan and Qu...Resource Clips
Strike Graphite's new focus is on the newly acquired Saskatchewan graphite properties (Simon Lake and Deep BayEast). ResourceClips and Damien Lowry discuss the projects in the February 15, 2012 feature.
PC Gold's (TSX: PKL) Pickle Crow Mine Will Produce Again in 2016Resource Clips
PC Gold (TSX: PKL) aims to have its Pickle Crow gold property producing by 2016. President JP Chauvin talks with ResourceClips about their gold project northwest of Thunder Bay, Ontario.
Otis Gold (TSXv: OOO) Plans a New, January Kilgore Gold EstimateResource Clips
Otis Gold is planning to release an updated resource estimate for its Kilgore gold project in January 2012, after missing previous estimates in July and September 2011. The project currently has indicated resources of 218,000 ounces of gold and inferred resources of 269,000 ounces. Drilling continues to show continuity and growth of the deposit, which remains open in all directions. Otis plans a 10,000 meter drilling campaign in 2012 and hopes to begin permitting and environmental studies. The project is located in mining-friendly Idaho near existing infrastructure and has shown excellent metallurgy and potential for open-pit mining.
Northern Freegold (TSXv: NFR) - The Proof's In The PorphyryResource Clips
Northern Freegold recently reported an initial inferred resource estimate for its Revenue Deposit in central Yukon, adding 3.66 million gold-equivalent ounces to its existing resources. President John Burges notes the company's rapid ability to scale up resources at an incredibly low finding cost due to the deposit being located within a large porphyry system. Northern Freegold plans further drilling to expand known zones and explore targets in 2022.
Focus Metals plans to begin production of high-purity flake graphite from its Lac Knife project in Quebec by the end of 2013. The project has measured, indicated, and inferred resources totaling over 10 million tonnes of graphite grading over 15% carbon. Focus also holds a 40% stake in graphene producer Grafoid, and sees potential applications of graphene in areas like construction materials, medicine, and recycled plastics. The company's low projected production costs and offtake agreements mean it can begin production without a full feasibility study.
Feature by ResourceClips on Zimtu Capital Corp. (TSXv: ZC). The company has completed a number of transactions surrounding the exploration and development of graphite properties.
- The document summarizes an interview with market analyst Martin Grandich about his views on the gold market, inflation rates, the strength of the US dollar, and prospects for gold mining stocks.
- Grandich believes technical selling exacerbated by year-end trading contributed to gold's recent decline, but that physical market demand remained strong.
- He sees gold support at $1,530/ounce and silver at $26/ounce in the short term, but acknowledges they could be tested lower briefly.
- Grandich also comments on inflation rates, the US dollar as a safe haven, prospects for European debt crisis, and why gold mining stocks remain undervalued.
This document summarizes information about the graphite market and future demand drivers. It notes that while graphite is currently used in applications like steel production, its use is expected to grow substantially in batteries for electric vehicles and clean energy technologies. Future demand is estimated to increase graphite production from the current 1.1 million tonnes annually to over 2 million tonnes by 2020. China currently dominates production but Canada has potential to expand output from its resources. Junior exploration companies are actively exploring graphite deposits to help meet rising demand.
ResourceClips provides up-to-date articles about junior mining companies in the news to investors, as well as critical investor information, with the goal of keeping readers informed about essential developments in the Canadian junior mining sector. The website is run by Andrea Butterworth as publisher and Kevin Michael Grace as editor, and can be contacted via email or phone for publishing or sales inquiries.
Avion Mines is a gold mining company with operations in Mali and Burkina Faso, West Africa. It is currently mining gold at its Tabakoto and Segala mines in Mali and drilling at its Kofi Property and Houndé Project. Avion plans to more than double its annual gold production to 200,000 ounces by 2013 by expanding mining operations and commissioning a new larger mill. Exploration success has increased resources with potential to add another 2 million ounces within 250 meters. However, the company's stock dropped after lower than expected 3Q earnings due to higher costs and lower grades mined.
Silver Pursuit Resources Ltd is exploring the historic La Quintera silver project near Alamos, Mexico which has seen intermittent mining since 1683. Surface sampling of waste rock at the site showed high silver and gold grades, with some samples grading over 300 g/t silver. Silver Pursuit plans a drill campaign and resource estimate on the waste dumps and tailings to help fund further exploration, as milling a small amount of this high-grade material each day could finance additional work. The company's president believes initial drill results will increase the share price from its current $0.14 level.
MAX Resources Corp. Drills Nevada's Historic Majuva HillResource Clips
MAX Resources Clrp. (TSX: MXR) President Stuart Rogers talks with ResourceClips about drill results from their Majuba Hil Copper-Silver-Gold Property.l
Taseko Mines' Federal Review Could Take A YearResource Clips
The Canadian Environmental Assessment Agency has launched another review of Taseko Mines' proposed New Prosperity gold-copper mine in BC that could take up to a year. The mine was previously rejected due to concerns about its impact on Fish Lake, considered sacred by the Tsilhqot'in First Nation, but Taseko has since revised plans to move the mine's tailings pond further upstream. Supporters say the mine would generate significant economic benefits but opponents argue it still threatens the environment and First Nation culture and could spark widespread opposition among indigenous and environmental groups across Canada.
ResourceClips: Taseko Mines Ltd.'s (TSX: TKO) BC Mine Hangs in the Balance (...Resource Clips
The document summarizes issues around Taseko Mines' proposed New Prosperity gold-copper mine in British Columbia. It would be an large mine providing significant economic benefits but faces opposition from some First Nations groups. It was previously rejected due to environmental concerns but Taseko has revised the plan at a higher cost. However, the Tsilhqot'in National Government remains opposed, leaving the $1.1 billion proposal in limbo.
ResourceClips Feature: Seabridge Gold Inc. (TSX: SEA) CEO Interview (October...Resource Clips
- Seabridge Gold's KSM project in British Columbia contains 38.5 million ounces of gold reserves and is the largest undeveloped gold-copper project in the world, yet its market valuation of $1 billion translates to only $26 per ounce of gold.
- Drilling results at the Sulphurets deposit within the KSM project indicate potential to upgrade 3 million ounces of inferred resources to reserves.
- Seabridge Gold's president believes the company will likely partner with a major mining firm on the KSM project within the next year or two, which could lead to a "significant re-rating" of the company's share price.
The Golden East: Olympus Pacific Minerals Inc. (TSX: OYM) Expands to SouthEa...Resource Clips
Olympus Pacific Minerals Inc operates gold mines in Vietnam and is advancing another project in Southeast Asia. It obtained its first Vietnamese property from Robert Friedland in 1996 and has since established two gold processing plants there. The company holds projects in Malaysia and the Philippines as well. Its Bau Gold Field project in Malaysia currently shows over 2 million ounces of gold resources and may become its most significant asset. Olympus aims to increase its annual gold production to 100,000 ounces by 2013 through expansion of its Vietnamese operations and development of the Bau project.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
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Beyond 3Q
Avion Mines, Finds West African Gold
~ By Greg Klein - December 7 2011
Avion Gold TSX:AVR has its sights set high in West Africa. Open-pit gold mining underway, a A convenient 38 kilometres away, Avion drills its 81.25%-owned Kofi Property. Back in 2007,
new mill to be commissioned, underground production about to begin and continued drilling AXMIN TSXV:AXM estimated its resource at 293,000 gold ounces indicated and 368,000
to build the resources. The plan is to more than double its annual output to 200,000 gold ounces inferred. “I’m hoping our resource update is released this year,” Dudek says. “Kofi’s a
ounces by 2013 and then maintain that rate for a decade, reaching two million ounces. All lot more complicated, and I’ve got consultants working on it.”
that is projected to come from Avion’s Tabakoto and Segala mines and Kofi Property in Mali
and its Houndé Project in Burkina Faso. Assays released December 5 include
The market remains unimpressed, however. With the release of Avion’s 3Q results, which 7.52 g/t gold over 40.8 metres
reported the production of 21,687 gold ounces at $925 per ounce, share prices plunged from 4.85 g/t over 5.7 metres
$2.04 November 15 to $1.54 10 days later. Then began an unsteady rise to the December 7 11.61 g/t over 21.3 metres
open of $1.73. The plunge isn’t surprising, perhaps, since 3Q net profit fell to $US7.2 million 12.92 g/t over 6 metres
or $0.02 a share, exactly half the amounts for the same quarter in 2010. So what happened? 22.84 g/t over 2 metres
6.42 g/t over 15 metres
4.6 g/t over 12 metres
“What these new results indicate to me is that there’s still a significant opportunity to the
north, with two intercepts specifically being open to the north,” Dudek explains. “When you
step back and look at the broader geophysical response, in this case the IP conductivity, it’s
obvious that the pattern continues and so we’re hoping, and expecting, that the mineralization
will continue as well.”
Farther southeast, Avion’s drills its Houndé Project in Burkina Faso. Results released Novem-
ber 22 from the Vindaloo Zone include
3.74 g/t gold over 61 metres
4.86 g/t over 38.5 metres
3.75 g/t over 44.9 metres
2.52 g/t over 47 metres
(including 3.69 g/t over 23 metres)
The 3Q report attributes additional costs of $4.2 million for taxes related to employee 3.03 g/t over 35.2 metres
benefits and other obligations from earlier periods. In addition, there were higher fuel costs, 2.2 g/t over 30.4 metres
transportation delays for parts and equipment and unexpectedly low-grade ore that’s since 2.31 g/t over 21.1 metres
been mined out.
“It’s been a very prolific zone,” McAllister says. “We’ve had a lot of success there. It’s just 60
Beyond 3Q, pessimism is far from universal. Among the analysts who came to Avion’s kilometres south of SEMAFO’s TSX:SMF Mana Mine and we’re on the same trend. So we’re
defence were Steven Butler of Canaccord Genuity, who pronounced the company oversold, having some great success, and the infrastructure’s terrific… Our goal is to have a million-
and Tara Hassan of National Bank Financial, who set a target of $2.95 and an outperform ounce resource released just before Christmas. If we can do that, we’re looking to do a PEA
rating. and hopefully feasibility. Our goal is to have that as a producing mine in three to four years’
time.”
Yes, the company is “a growth story,” declares IR Manager Michael McAllister. That growth
is fed by revenue from Avion’s Mali project, Tabakoto, which includes the Segala zones less Dudek says he’ll be asking Avion’s board for a 2012 exploration budget of $26 million, com-
than five kilometres away. Avion holds an 80% interest in Tabakoto, with the Mali government pared to 2011′s $16 million. “That’s quite a bit of money. But I’m hoping that we’ll substantially
holding the remainder. grow the corporate resources and also get a very clear indication of when we can bring on
additional production.” As of September 30, the company had $49.2 million in cash and
At Tabakoto South, mining has just finished off the open pit, and underground production equivalents.
is about to begin. “We’ll probably start stoping there in early January,” McAllister reports.
Tabakoto’s Djambaye II open pit is also nearing production. Apart from production revenue, Avion boasts strong institutional investment. “Eric Sprott owns
about 16%,” McAllister says. “Sentry Investments about 14%. Fidelity Asset Management
At Segala, the Dioulafondu open pit will be joined by underground production, probably in about 12%. Overall, we’re about 75% institutionally owned.”
3Q 2012. “At that point we’ll have two undergrounds and several open-pit targets as well,” he
adds. He concludes, “We did have some setbacks in the last quarter, but we worked through them,
so it’s a great time to get in right now. There’s a lot to look forward to with Avion.”
Including Segala, the Tabakoto deposits host July 2011 proven and probable reserves of
“
913,100 gold ounces, a measured and indicated resource of 149,100 ounces and an inferred At press time, Avion had 440.2 million shares outstanding at $1.73 a share for a market cap
resource of 1.07 million ounces. of $761.6 million.
“That’s to an average drilling depth of maybe 225 metres,” points out Senior VP of Exploration
Don Dudek. “Every single zone is open down-plunge and some are open along strike. There’s
a likelihood that in the next 250 metres we’ll add another two million ounces of resource.
Every single zone is open down-plunge, and some are
So our 10-year plan is 200,000 ounces of production a year for 10 years, about two million
ounces.” open along strike. There’s a likelihood that in the next 250
Central to the expansion plan is Avion’s new SAG (semi-autogenous grinding) mill, which
metres we’ll add another two million ounces of resource.
will take in 4,000 tonnes per day, up from the current 2,300 tpd to 2,500 tpd capacity. “We’ll So our 10-year plan is 200,000 ounces of production a
commission that by the end of 1Q [2012],” McAllister says. “By the time we work out the bugs,
we’ll be at a 200,000-ounce run rate probably around the middle to end of 2Q. We’re forecast-
year for 10 years, about two million ounces
ing about 160,000 ounces [for 2012] and then 200,000 going forward.”
– Don Dudek Adams
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