Oceanus press release El Tigre 13-09-2017Chris Helweg
Oceanus Resources Corporation announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. which is detailed in Table 1 below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Lakeland Resources Inc. announces that it has completed a summer work program at its wholly owned Lazy Edward Bay Property, located about 65km due west of Kay Lake Uranium mine, along the southern margin of the Athabasca Basin.
Oceanus press release El Tigre 13-09-2017Chris Helweg
Oceanus Resources Corporation announces an independent Mineral Resource Estimate for the El Tigre Property completed by P&E Mining Consultants Inc. which is detailed in Table 1 below. The El Tigre Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources, and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Lakeland Resources Inc. announces that it has completed a summer work program at its wholly owned Lazy Edward Bay Property, located about 65km due west of Kay Lake Uranium mine, along the southern margin of the Athabasca Basin.
San Marco Resources inc. Corporate Presenation - December 2020MomentumPR
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of exploration-stage projects in Canada and Mexico, including the flagship Buck Project located in central British Columbia.
San Marco has a committed management team with extensive experience in Canada and Mexico with a proven track record in discovery to project development.
Lakeland Resources Inc. (TSXv: LK) announces the completion of its Phase 1 drilling program at the Gibbons Creek/ Star Property, Athabasca Basin region in Northern Saskatchewan. Phase 1 consisted of a total of 2,550 metres, totaling 14 holes at the Gibbons Creek – Star Property(s). In total, four drill holes encountered...
Oceanus press release fall 2017 programChris Helweg
Oceanus completed the 2017 infill drilling program at El Tigre in May 2017 having drilled a total of 62 diamond drill holes totaling 11,923.1 metres. These drill results demonstrated wide oxidized zones of precious-metals mineralization at El Tigre that outcrop at surface. The results from this drill program supported a National Instrument 43-101 Mineral Resource Estimate which was released on September 13, 2017. The Mineral Resource Estimate included a total indicated resource of 661,000 gold equivalent ounces and a total inferred resource of 341,000 gold equivalent ounces and is detailed in Appendix ”A”. A copy of the Technical Report is available on the Company’s website and on SEDAR under the Company’s profile.
Oceanus reports el tigre infill drilling results and timing for resource esti...Chris Helweg
Oceanus Resources Corporation is a gold exploration company operating in Mexico. Oceanus is managed by a team of mine finders with extensive experience in exploring and developing large hydrothermal gold projects in Mexico. Oceanus is currently drilling and exploring the El Tigre Property in the Sierra Madre Occidental.
San Marco Resources inc. Corporate Presenation - December 2020MomentumPR
San Marco Resources Inc. is a Canadian mineral exploration company with a portfolio of exploration-stage projects in Canada and Mexico, including the flagship Buck Project located in central British Columbia.
San Marco has a committed management team with extensive experience in Canada and Mexico with a proven track record in discovery to project development.
Lakeland Resources Inc. (TSXv: LK) announces the completion of its Phase 1 drilling program at the Gibbons Creek/ Star Property, Athabasca Basin region in Northern Saskatchewan. Phase 1 consisted of a total of 2,550 metres, totaling 14 holes at the Gibbons Creek – Star Property(s). In total, four drill holes encountered...
Oceanus press release fall 2017 programChris Helweg
Oceanus completed the 2017 infill drilling program at El Tigre in May 2017 having drilled a total of 62 diamond drill holes totaling 11,923.1 metres. These drill results demonstrated wide oxidized zones of precious-metals mineralization at El Tigre that outcrop at surface. The results from this drill program supported a National Instrument 43-101 Mineral Resource Estimate which was released on September 13, 2017. The Mineral Resource Estimate included a total indicated resource of 661,000 gold equivalent ounces and a total inferred resource of 341,000 gold equivalent ounces and is detailed in Appendix ”A”. A copy of the Technical Report is available on the Company’s website and on SEDAR under the Company’s profile.
Oceanus reports el tigre infill drilling results and timing for resource esti...Chris Helweg
Oceanus Resources Corporation is a gold exploration company operating in Mexico. Oceanus is managed by a team of mine finders with extensive experience in exploring and developing large hydrothermal gold projects in Mexico. Oceanus is currently drilling and exploring the El Tigre Property in the Sierra Madre Occidental.
Momentum Report | Silver Spruce | February 2020MomentumPR
Silver Spruce Resources Inc. is a Canadian publicly traded company that trades on the TSX Venture Exchange under the symbol SSE with 91 MM shares outstanding. The Company has an experienced management team in the areas of exploration, prospect development, corporate finance, legal and public company management. Silver Spruce has signed an option agreement to acquire 100% of the 2,124 hectare Melchett Lake project is located within an historically active exploration and mining region including Copper Lake’s Marshall Lake VMS project, Centerra and Premier Gold’s Hardrock-Greenstone Au project and past-producing Anaconda-Dofasco iron mine. Surface samples yielded up to 28.8 g/t Gold and 19% Zinc. The Company has map staked an additional 1,872 hectares in November 2019 to complete coverage of Melchett Lake mineralization reported over a total strike length of 20 kilometres. Silver Spruce also has an option to acquire 100% of the Pino de Plata project, 15km west from the Coeur Mining’s flagship mine at Palmarejo, Chihuahua, that produced 7.5 million ounces of silver and 122,722 ounces of gold in 2018. Surface sampling at Pino de Plata yielded silver grades over 1,100 g/t Ag with highly anomalous grades of lead, zinc and gold.
Oceanus Resources Corporation El Tigre Project 2017Chris Helweg
Oceanus Resources Corporation engages in the exploration of mineral properties in Mexico. The company explores for gold, silver, and base metals. It holds interests in the La Lajita property, which comprises 12 mining concessions covering an area of 3,200 hectares located in the south-west corner of Durango, Mexico; and the El Tigre property that includes 9 mining concessions covering an area of 215 square kilometers located in the Sierra El Tigre in northeastern Sonora, Mexico.
At Oceanus' El Tigre project in Sonora, Mexico, the Oceanus team believe they may have identified gold and silver mineralization associated with larger deposits in the Sierra Madre Occidental.
Oceanus Reports High-Grade Gold and SilverChris Helweg
Oceanus Resources Corporation (OCN.V) (OCNSF) ("Oceanus" or the “Corporation”) reports it has received assay results of channel samples collected from the legacy underground exploration tunnels on the unmined Protectora, Caleigh and Fundadora veins located north of the old El Tigre Mine
Defiance silver corporate presentation - June 2018MomentumPR
Defiance Silver is a silver explorer and developer advancing the San Acacio deposit, located in the historic Zacatecas silver district of central Mexico. Defiance is managed by a team of proven mine developers with a record of exploring and developing seven operating mines to date. Defiance's corporate mandate is to expand San Acacio to become one of Mexico's premier high-grade wide vein silver deposits.
Commerce Resources Corp. (TSXv: CCE) announced that the results from the second hole of the 2010 drilling program at the Eldor Project in Quebec, has further confirmed the potential for a significant new, and large tonnage, rare earth element ("REE") discovery at the Ashram Rare Earth Zone.
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not
limited, to those with respect to the price of silver, lead and zinc, the possibility, timing and amount of estimated future production, costs
of production, and reserve determination and reserve conversion rates, involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of Silvercorp Metals Inc. (“Silvercorp” or the “Company”) to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to international operations, risks related to Chinese government issuance of mining and
related development permits, risks related to joint venture operations, the actual results of current exploration activities, conclusions of
economic evaluations, changes in project parameters as plans continue to be refined, commodity price fluctuations especially in prices
of silver, lead and zinc, as well as other factors. Readers should review the Company’s most recent Form 40-F for a more complete
discussion of these factors and other risks, particularly under the heading “Risk Factors”.
This Management’s Discussion and Analysis (“MD&A”) is intended to help the reader understand the significant
factors that have affected Silvercorp Metals Inc. and its subsidiaries’ (“Silvercorp” or the “Company”) performance
and such factors that may affect its future performance. This MD&A should be read in conjunction with the
Company’s audited consolidated financial statements for the year ended March 31, 2019 and the related notes
contained therein. The Company reports its financial position, results of operations and cash flow in accordance
with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board
(“IASB”
Chris Helweg
Chris Helweg
World Silver Survey 2019
This is the twenty-ninth annual edition of the World Silver Survey produced for The Silver Institute. The World
Silver Survey 2019 was produced by the GFMS team of metals market analysts at Definitive. The information
contained herein is based in part on the analysis of publicly available data such as hallmarking series, trade
statistics, company reports and other public-domain information. More importantly, it is also based on a large
series of interviews with the industry’s main players, carried out over the year by the team. This work generates
the essential data to allow the compilation of reliable estimates for world supply and demand and inform the
analysis of market structures, and the degree of significance of any changes and developments.
Chris Helweg, Vlagtwedde, De groeiende rol van mineralen voor een koolstofarm...Chris Helweg
Chris Helweg, Vlagtwedde, Groningen.
De groeiende rol van mineralen voor een koolstofarme toekomst
World Bank
grondstoffen vragen prognoses tot 2050 de wereldbevolking zal tegen 2050 naar verwachting meer dan 9 miljard bereiken, duurzame ontwikkeling, met inbegrip van koolstofarme ontwikkelingsstrategieën, hernieuwbare energie en veerkrachtige steden en landschappen
commodities demand projections up to 2050
global human population expected to reach over 9 billion by 2050,
sustainable development, including low carbon development strategies, renewable energy, and resilient cities and landscape
Silver in medicine – past, present and future Chris Helweg
Silver in medicine – past, present and future
Silver potentially has a role to play in tackling both antimicrobial resistance and improving common antibacterials, but for these efforts to positively impact communities around the world applications must be cost‐effective. Small quantities of silver help to enable this requirement.
Een inzicht in de Amerikaanse streven naar wereldheerschappij, Chris Helweg
By Chris Helweg,
Een inzicht in de Amerikaanse streven naar wereldheerschapij, wat zijn de doelen, wie zijn de spelers, wanneer is dit begonnen, wat is bereikt, hoe gevaarlijk is Een korte blik voor geïnteresseerde mensen, wat een echt beleid is dat de VS de afgelopen 25 jaar heeft geregeerd. Ik ben niet echt een goede schrijver of vertaler, maar dit is vrij eenvoudig te controleren, oprechte feedback is welkom. Op mijn LinkedIn-pagina kun je de afgelopen jaren over mijn doel lezen. Waakzaamheid blijft noodzakelijk, ik hoop dit beleid transparant te maken door middel van deze publicaties. Want kijk eens naar het nieuwe budget van Donald's Trump met deze kennis in gedachten? Wat dan?
An insight in the us strategy for global dominationChris Helweg
An insight in the US strategy for global domination. The Project for the New American Century
PNAC goals of the neocons
Eliot Abrams
John Bolton
The Project for the New American Century
Essential social, medical, educational and retirement services have to be gutted so that those funds can be directed towards a military buildup
the WTO and the IMF will dictate financial terms to the entire planet.
Trumps new Budget.
Een inzicht in de US wereldwijde strijd voor dominantieChris Helweg
Een inzicht in de Amerikaanse streven naar wereldheerschapij, wat zijn de doelen, wie zijn de spelers, wanneer is dit begonnen, wat is bereikt, hoe gevaarlijk is dit, en werkt Donald Trump hier ook aan mee?
An insight in the us strategy for global dominationChris Helweg
An insight in the US NEOCON strategy for global domination.
These are the PNAC goals
Who are behind PNAC?
The bankrollers from the WTO and the IMF
Essential social, medical, educational and retirement services have to be gutted so that those funds can be directed towards a military buildup.
An empire cannot function with the slow, cumbersome machine of constitutional democracy on its back. Empires must be ruled with speed and ruthlessness.
Chris Helweg:
Last year, for the fifth year in a row, the silver market
recorded another deficit; this time of 26.0 Moz (810 t).
Mine supply fell for the second consecutive year by 4%
in 2017, following 13 consecutive annual increases prior
to 2016. This was a result of years of Capex reductions
in combination with supply disruptions, particularly in
the Americas. With scrap supply contracting by 1% in
combination with net-hedging of 1.4 Moz (44 t), total silver
supply fell by 2% to just under one billion ounces.
World Gold Council
Gold Outlook 2018: Watch the Fed, Debt and Geopolitics
Analysts share their thoughts on the gold outlook for 2018. Most agree that it will take a sharp shock to the market to move the price significantly higher.
Fight over arctic region ( images & bad dutch translation) Chris HelwegChris Helweg
Chris Helweg
The proportions of the Arctic mineral reserves are by all means impressive. The region estimatedly contains 25% of the world’s hydrocarbons, mostly in the form of natural gas. Russia’s portion of the Arctic is known to hold at least 560 billion barrels of crude which is 2.5 the total in Saudi Arabia. Moreover, the lures of the Arctic region include deposits of diamonds, gold, platinum, manganese, nickel, titanium, coal, etc. which are mostly found on the territory of Russia. Importantly, the Northern maritime route is the avenue opening access to all of the above.
De verhoudingen van de Arctic minerale reserves zijn oké indrukwekkend. Het gebied bevat estimatedly 25% van's werelds koolwaterstoffen, meestal in de vorm van aardgas. Ruslands gedeelte van het Noordpoolgebied is bekend dat het houden van minstens 560 miljard vaten ruwe olie die 2.5 is het totaal in Saoedi-Arabië. Bovendien omvatten de kunstaas van het Noordpoolgebied afzettingen van diamanten, goud, platina, mangaan, nikkel, titaan, kolen, enz., die meestal te op het grondgebied van Rusland vinden zijn. Nog belangrijker is, is de noordelijke maritieme route de laan die toegang tot al het bovenstaande te openen.
VANCOUVER, Feb. 8, 2018 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (SVM.TO) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2017. All amounts are expressed in US Dollars.
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Subhajit Sahu
Abstract — Levelwise PageRank is an alternative method of PageRank computation which decomposes the input graph into a directed acyclic block-graph of strongly connected components, and processes them in topological order, one level at a time. This enables calculation for ranks in a distributed fashion without per-iteration communication, unlike the standard method where all vertices are processed in each iteration. It however comes with a precondition of the absence of dead ends in the input graph. Here, the native non-distributed performance of Levelwise PageRank was compared against Monolithic PageRank on a CPU as well as a GPU. To ensure a fair comparison, Monolithic PageRank was also performed on a graph where vertices were split by components. Results indicate that Levelwise PageRank is about as fast as Monolithic PageRank on the CPU, but quite a bit slower on the GPU. Slowdown on the GPU is likely caused by a large submission of small workloads, and expected to be non-issue when the computation is performed on massive graphs.
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
Oceanus reports mineral resource estimate for the el tigre property in sonora
1. Oceanus Reports Mineral Resource Estimate for
the El Tigre Property in Sonora, Mexico
September 13, 2017
Indicated Resources – 661,000 Gold Equivalent Ounces
Inferred Resources – 341,000 Gold Equivalent Ounces
HALIFAX, NOVA SCOTIA – September 13, 2017 – Oceanus Resources Corporation
(TSXV:OCN and OTCQB:OCNSF) ("Oceanus" or the “Company”) announces an
independent Mineral Resource Estimate for the El Tigre Property completed by P&E
Mining Consultants Inc. ("P&E") which is detailed in Table 1 below. The El Tigre
Property, located in Sonora, Mexico, is owned and operated by Oceanus Resources,
and includes the El Tigre1, Fundadora2 and El Tigre Tailings3 Deposits.
Mineral Resource Estimate
The El Tigre Mineral Resource Estimate includes extensions of the historical El Tigre
and Seitz Kelly Veins1, as well as the mineralized breccia halo around the El Tigre
Vein. The Fundadora Mineral Resource Estimate includes the Aquila, Fundadora,
Protectora and Caleigh Veins2.
TABLE 1: El Tigre Project Mineral Resource Estimate (1-11)
Resource Area
Class AuEq g/t
Cut-Off
Tonnes
(000’s)
Ag
g/t
Ag ozs
(000’s)
Au
g/t
Au ozs
(000’s)
Au Eq g/t AuEq o
(000’s)
El Tigre
Constrained Pit1
Indicated 0.20 25,170 15 11,906 0.51 416 0.69 559
Inferred 0.20 2,791 12 1,093 0.38 34 0.52 47
El Tigre
Underground1
Indicated 1.50 207 156 1,041 0.46 3 2.33 16
Inferred 1.50 11 82 29 1.27 0 2.26 1
Fundadora Constrained Pit2 Indicated 0.20 451 167 2,428 0.93 14 2.94 43
2. Inferred 0.20 1,774 150 8,554 0.69 39 2.49 142
Fundadora Underground2 Indicated 1.50 80 118 306 1.03 3 2.45 6
Inferred 1.50 2,003 140 9,044 0.60 38 2.28 147
Sub Total Indicated 0.20, 1.50 25,908 19 15,681 0.52 436 0.75 624
Sub Total Inferred 0.20, 1.50 6,579 89 18,720 0.52 111 1.59 337
El Tigre
Tailings3
Indicated 0.37 939 78 2,345 0.27 8 1.21 37
Inferred 0.37 101 79 254 0.27 1 1.22 4
Total Indicated 0.20,0.37,1.50 26,847 21 18,026 0.51 444 0.77 661
Total Inferred 0.20,0.37,1.50 6,680 88 18,974 0.52 112 1.59 341
Notes to Table 1:
(1) El Tigre Deposit Mineral Resources are comprised of the El Tigre and Seitz Kelly
Veins.
(2) Fundadora Deposit Mineral Resources are comprised of the Aquila, Fundadora,
Protectora and Caleigh Veins.
(3) El Tigre Tailings Deposit Mineral Resources are comprised of the tailings from the
former El Tigre operation.
(4) Mineral Resources are reported within a constraining pit shell.
(5) The Mineral Resource Estimate is reported in accordance with the Canadian
Securities Administrators National Instrument 43-101 and has been estimated using the
CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines
and CIM “Definition Standards for Mineral Resources and Mineral Reserves.
(6) Au:Ag ratio = ($1250/$17)/(70% Ag Rec/80% Au Rec)= 84:1 Therefore,
AuEq=(Ag/84) + Au
(7) Mineral Resources in this estimate are based on approx. two year trailing average
metal prices of US$1,250 oz Au and US$17 /oz Ag, estimated process recoveries 80%
Au and 70% Ag, US$5.70/t process cost and US$0.80/t G&A cost. Mining costs of
US$1.55/t for open pit and $45/t for underground and tailings mining costs of US$5.50/t
were used to derive the respective Mineral Resource Estimate AuEq cut-offs of 0.20 g/t
and 1.5 g/t and 0.37g/t. Pit optimization slopes were 50 degrees
(8) The Mineral Resource Estimate uses drill hole data available as of September 1,
2017.
(9) Totals may not add correctly due to rounding.
(10) An Inferred Mineral Resource has a lower level of confidence than that applying to
an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is
reasonably expected that the majority of Inferred Mineral Resources could be upgraded
to Indicated Mineral Resources with continued exploration.
(11) Mineral Resources which are not Mineral Reserves do not have demonstrated
economic viability. The estimate of Mineral Resources may be materially affected by
environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant
issues.
3. Glenn Jessome, President and CEO of Oceanus, commented: “This NI 43-101 Mineral
Resource Estimate is an important milestone for Oceanus and further supports our
belief that we have identified a new precious metals district in the Sierra Madre. Our
technical team deserves to be commended for the excellent work they have completed
in the past sixteen months since we commenced exploring El Tigre. We are going to
aggressively continue exploration work this fall and into the 2018 season.”
El Tigre Hardrock Mineral Resource Estimate
Information and data used for the El Tigre and Fundadora Mineral Resource Estimate
takes into account a total of 140 drill holes and 752 underground chip samples available
as of September 1, 2017. Assay data available for the Mineral Resource Estimate
included silver and gold sample grades. Assay sample lengths within the El Tigre
deposit average 1.24 m. Approximately 40% of the samples are 1.50 m or longer in
length, and assay sample lengths were therefore composited to 1.50 m prior to
estimation. Summary statistics, histograms and probability plots of the resulting
composite data were examined for extreme values. In order to reduce the influence of
high-grade outliers, all composite grades were capped to 10 g/t Au and 1,000 g/t Ag
prior to grade estimation. An additional range restriction of 50 m was implemented for
Au grades of 1.00 g/t or greater, and for Ag grades of 100 g/t or greater.
Assay sample lengths for the Fundadora deposits average 0.65m, and assay sample
lengths were composited to 1.0 m prior to estimation. In order to reduce the influence of
high-grade outliers, all composite grades were capped to 12 g/t Au and 1,000 g/t Ag
prior to grade estimation. An additional range restriction of 100 m was implemented for
Au grades of 12 g/t or greater, and for Ag grades of 1000 g/t or greater
A bulk density of 2.44 tonnes per cubic metre was applied to the Mineral Resource
Estimate, based on 947 measurements taken from drillhole core by Oceanus. A volume
percent model was used to accurately report the total Mineral Resource volumes. All
grade blocks were estimated using Inverse Distance Cubed linear weighting of the
nearest four to twelve capped assay samples from two or more drillholes. Ag and Au
grades were estimated separately, and a gold equivalent value was calculated from the
block estimated values.
The reasonableness of the grade block estimates was checked by a visual comparison
of block and assay grades on cross-section. In addition, summary statistics for the
grade block estimates were calculated and compared to assay grades, and a Nearest
Neighbor model was also estimated. No significant discrepancies were noted.
P&E considers that the quantity and quality of the drilling is sufficient to estimate a
Mineral Resource for the El Tigre and Fundadora Zones. Indicated Mineral Resources
at El Tigre required two drillholes within 90 metres, equal to 50% of the Au semi-
variogram range for the breccia zone. Indicated Mineral Resources at Fundadora
required two drill holes within 50 metres, equal to the Au average horizontal semi-
variogram range. Mineral Resources outside this threshold were classified as Inferred.
The gold Mineral Resource Estimate hosted in the El Tigre gold and silver deposit is
related to a series of high-grade epithermal veins controlled by a north-south trending
structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic
Complex within a broad gold and silver mineralized prophylitic alternation zone. The
4. veins dip steeply to the west and are typically one metre wide, however, locally can be
up to five metres in width.
The veins, structures and mineralized zones outcrop on surface and have been traced
for a distance of 5.3 kilometres along strike. Historical mining and exploration activities
focused on a 1.5 kilometre portion of the southern end of the deposits, principally on the
El Tigre, Seitz Kelly and Sooy Veins. Four veins in the north (Aguilas, Escondida,
Fundadora and Protectora) were explored with only limited amounts of production.
The statistical analysis, geological modeling and Mineral Resource Estimate was
prepared by Mr. Fred Brown, P. Geo., with P&E Mining Consultants Inc. (P&E) and Mr.
Eugene Puritch, P. Eng., FEC, CET also with P&E. Both are Independent Qualified
Persons as defined by National Instrument 43-101. Mineral Resource modeling and
grade estimation was carried out using a 3-dimensional block model based on
geostatistical applications using GEMCOM software.
Modeling was conducted in Universal Transverse Mercator (UTM) coordinate space
relative to the WGS 1984 and UTM Zone 12. A block size of 5 m (X) x 5 m (Y) x 5 m (Z)
was used. The El Tigre Mineral Resource grade model utilized 140 drill holes that were
completed from 1982 to 2017. Mr. Brown, P. Geo., visited the property in June 2016
and June 2017, in order to verify and validate the historic drill hole dataset and to verify
the drilling of the recently completed 2016 and 2017 diamond drilling campaigns
completed by Oceanus. Over the period of the last two years, P&E personnel were
intimately involved in the verification, validation, drill hole collar surveying and QA/QC
analysis of the El Tigre drill hole database. The current drill hole database is deemed to
be in good condition and suitable to use in ongoing Mineral Resource Estimates.
El Tigre Tailings Mineral Resource Estimate
Information and data used for the El Tigre tailings Mineral Resource Estimate takes into
account a total of 53 Hollow Stem Auger drillholes completed across the tailings
deposit. From the supplied survey, lithology and drilling data a three-dimensional
representation of the tailings deposit was constructed, delineating the surface and base
of the deposit, as well as three internal sub-divisions.
Assay data available for the tailings Mineral Resource Estimate included silver and gold
sample grades. Assay sample lengths within the deposit average 1.61 m. A total of 71%
of the samples are 1.50 m in length, and assay sample lengths were therefore not
composited prior to estimation. Summary statistics, histograms and probability plots of
the assay data were examined for extreme values. In order to reduce the influence of
high-grade outliers, all assay samples were capped to 1 g/t Au and 100 g/t Ag prior to
estimation. A range restriction of 40 m was implemented for Au grades of 0.60 g/t or
greater, and for Ag grades of 120 g/t or greater.
A bulk density of 1.60 tonnes per cubic metre was applied for the El Tigre Tailings
Mineral Resource Estimate. A volume percent model was used to accurately report the
total Mineral Resource Estimate volume. All blocks in the tailings Mineral Resource
were estimated using Inverse Distance Squared linear weighting of the nearest four to
twelve capped assay samples from two or more drillholes. Ag and Au grades were
estimated separately, and a silver equivalent value was calculated from the block
estimates.
5. The reasonableness of the grade block estimates was checked by a visual comparison
of block and assay grades in section. In addition, summary statistics for the grade block
estimates were calculated and compared to assay grades, and a Nearest Neighbor
model was also estimated. No significant discrepancies were noted.
P&E considers that the quantity and quality of the drilling is sufficient to estimate a
Mineral Resource Estimate for the tailings deposit. Indicated Mineral Resources
required two drill holes within 60 metres, equal to the horizontal Ag semi-variogram
range. Mineral Resources outside this threshold were classified as Inferred.
Potential for Resource Expansion
As a direct effect of the 2016-17 El Tigre drilling program and completion of an updated
geologic model, additional target zones for Mineral Resource expansion have been
identified in undrilled areas or areas of limited drill hole testing. Shallow and deeper
oxide targets have been identified adjacent to existing Mineral Resources that have
good potential to expand the current Inferred Mineral Resources. Along with targets to
potentially expand the Mineral Resource, areas within the existing Inferred Mineral
Resource Estimate that are defined by widely spaced drilling but with reasonable
grades provide the company with potential to convert and grow the indicated portion of
the oxide Mineral Resource Estimate. P&E recommends further drilling to test these drill
targets in order to expand the existing Mineral Resources and convert Inferred Mineral
Resources to Indicated Mineral Resources.
El Tigre Property
Gold was first discovered on the El Tigre Property in 1896 at the Gold Hill area and
mining started with the Brown Shaft in 1903. The focus soon changed to mining high-
grade silver veins in the area with the majority of the production coming from the El
Tigre Vein. Historic underground mining on the El Tigre Vein extended 1,450 metres
along strike and mined on 14 levels to a depth of 450 metres. By the time the mine
closed in 1938, it was reported to have produced a total of 353,000 ounces of gold and
67.4 million ounces of silver from 1.87 million tons (Craig, 2012).
Oceanus acquired the El Tigre Property in November 2015 and during the first half of
2016 Oceanus carried out an infill gap sampling program on the legacy diamond drill
core. Oceanus disclosed the results from this work for 53 drill holes over a strike length
of 1,675 metres, located between Sections 4975N and 3300N. Complete assay results
for the infill gap sampling program are included in appendices to press releases dated
March 7, 2016, May 16, 2016 and June 28, 2016, and included 127.0 metres of 2.16 g/t
gold equivalent consisting of 1.80 g/t gold and 27.5 g/t silver which included 33.0
metres of 4.73 g/t gold equivalent consisting of 4.48 g/t gold and 18.5 g/t silver from
Hole ET-13-051.
Oceanus subsequently completed the 2016-17 infill drilling program at El Tigre in May
2017 having drilled a total of 62 diamond drill holes totaling 11,923.1 metres. Assay
results from this drilling program are included in press releases dated September 14,
2016, October 18, 2016, December 14, 2016, March 6, 2017, May 25, 2017, June 7,
2017 and June 29, 2017. These drill results demonstrated wide oxidized zones of
precious-metals mineralization at El Tigre that outcrop at surface. The purpose of this
drill program was to support a National Instrument 43-101 Mineral Resource Estimate
for the El Tigre Property.
6. Technical Report
A National Instrument 43-101 Standards of Disclosure for Mineral Projects Technical
Report documenting the updated Mineral Resource Estimate will be filed on SEDAR
within 45 days from the date of this news release.
Lab Preparation, Assay, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for
sampling. When the sample lengths are determined, the full core is sawn with a
diamond blade core saw with one-half of the core being bagged and tagged for assay.
The remaining portion is returned to the core trays for storage and/or for metallurgical
test work.
The sealed and tagged sample bags are transported to the ActLabs facility in
Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp
samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed
for gold using a 50 gram charge by fire assay (Code 1A2-50) and over limits greater
than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50).
Silver and multi-element analysis is completed using total digestion (Code 1F2 Total
Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed
using a gravimetric finish (Code 8 Ag FA-GRAV Ag).
Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-
custody of the samples and includes the systematic insertion and monitoring of
appropriate reference materials (certified standards, blanks and duplicates) into the
sample strings. The results of the assaying of the QA/QC material included in each
batch are tracked to ensure the integrity of the assay data. All results stated in this
press release have passed the Oceanus QA/QC protocols.
About P&E
P&E Mining Consultants Inc. is a well-established (since 2004) geological and mine
engineering consultancy which services numerous Canadian and international clients
from its Toronto area and Vancouver offices. P&E has undertaken over 300 projects
around the world with a focus on gold and silver in Canada, Mexico, USA, West Africa,
Argentina and Peru.
Qualified Persons
All Mineral Resource estimation was carried out or reviewed by Fred Brown, P.Geo.,
and Eugene Puritch, P. Eng., FEC, CET both an Independent Qualified Persons as
defined by National Instrument 43-101 by reason of education, affiliation with a
professional association and past relevant work experience and independent of
Oceanus Resources. Mr. Puritch has reviewed and approved the scientific and
technical contents of this press release.
David R. Duncan, P. Geo., V.P. Exploration of the Company, is the Qualified Person for
Oceanus as defined under National Instrument 43-101. Mr. Duncan has reviewed and
approved the scientific and technical information in this press release.
7. About Oceanus Resources Corporation
Oceanus Resources Corporation is a gold exploration company operating in Mexico.
Oceanus is managed by a team of mine finders with extensive experience in exploring
and developing large hydrothermal gold projects in Mexico. Oceanus is currently
focusing on the El Tigre Property in the Sierra Madre Occidental.
For further information, please contact:
Glenn Jessome
President and CEO
902 492 0298
jessome@oceanusresources.ca
CAUTIONARY STATEMENT:
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.
This News Release includes certain “forward-looking statements”. All statements other
than statements of historical fact included in this release, including, without limitation,
statements regarding potential mineralization, resources and reserves, the ability to
convert inferred resources to indicated resources, the ability to complete future drilling
programs and infill sampling, the ability to extend resource blocks, the similarity of
mineralization at El Tigre to the Ocampo mine, exploration results, and future plans and
objectives of Oceanus, are forward-looking statements that involve various risks and
uncertainties. Forward-looking statements are frequently characterized by words such
as “may”, “is expected to”, “anticipates”, “estimates”, “intends”, “plans”, “projection”,
“could”, “vision”, “goals”, “objective” and “outlook” and other similar words. Although
Oceanus believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, 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. Important factors that could cause actual results
to differ materially from Oceanus’s expectations include risks and uncertainties related
to exploration, development, operations, commodity prices and global financial volatility,
risk and uncertainties of operating in a foreign jurisdiction as well as additional risks
described from time to time in the filings made by Oceanus with securities regulators.
Copyright 2017 Oceanus Resources Corp. All rights reserved
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Oceanus Resources Corp.
Suite 2108 - 1969 Upper Water Street
Purdy's Wharf Tower II
Halifax, Nova Scotia
Canada V6N 1S5
T: +1.902.492.0298
info@oceanusresources.ca
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