Month: May 2018

Advantage Lithium commences Preliminary Economic Assessment and Phase III resource conversion program for the Cauchari Definitive Feasibility Study

MotherlodeTV
V.AAL, Advantage Lithium, lithium, Argentina, David Sidoo

Advantage Lithium Corp. (the “Company” Advantage Lithium”) (TSX Venture: AAL) (OTCQX: AVLIF) is pleased to announce that is has engaged WorleyParsons Chile S.A. (WP) to complete a Preliminary Economic Assessment (PEA) on its flagship Cauchari Project in Jujuy, Argentina based on phase II results with an expected increase to its resource base which will be released this month. The PEA scope includes a standalone plant in the range 15 -20 Ktpa final lithium product and is scheduled for completion in July 2018. read more

MGX Minerals Expands Utah Petrolithium Project; Acquires Additional Oil and Gas Leases at Paradox Basin

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

 MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to announce the acquisition of an additional 3,455 acres of oil and gas leases as a result of successful bidding at a recent State of Utah School and Institutional Trust Land Administration (SITLA) auction. The leases are located contiguous to the Company’s unitized 80,380-acre Blueberry Unit (“Blueberry Unit”) and show similar subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine-bearing formations. The newly acquired leases are located within the proposed 3D seismic geophysical survey area, which is scheduled to commence in August. The survey will include approximately 9,000 data points. read more

NexGen Makes Significant New Discoveries of Near Arrow Mineralization Northwest and Along Strike in Winter Drill Campaign

MotherlodeTV
T.NXE, NexGen, uranium

VANCOUVER, May 2, 2018 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE)is pleased to report radioactivity results for fifty-four holes comprising 30,208 m from Arrow, South Arrow and regional exploration as part of our now concluded winter drilling program on our 100% owned, Rook I property, in the AthabascaBasin, Saskatchewan. read more

Bayhorse Silver Commences Operations in the “Big Dog” Historic Workings at the Bayhorse Silver Mine, Oregon, USA

JayCurrie
Bayhorse silver, V.BHS
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Vancouver, British Columbia–(Newsfile Corp. – May 1, 2018) – Bayhorse Silver Inc. (TSXV: BHS) (the “Company” or “Bayhorse”) has extended the new main production haulage drift at the Bayhorse Mine from the Mine portal over 700 feet to nearly the most westerly end of the historic mine workings. A crosscut I drift has been extended into the historic Big Dog Zone from the haulage way, where in 1984, Silver King Mines reported mining 5,718 tons grading an average 16.7 oz/t silver using a 6 oz/t silver cut-off grade. read more

Marathon Increases Overall Gold Resources to 2,137,400 ounces M&I at 1.99 g/t gold and 1,104,700 ounces Inferred at 1.99 g/t gold at the Valentine Lake Gold Camp, Newfoundland

JayCurrie
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

TORONTO, May 01, 2018 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ:TSX) has established a new Mineral Resource Estimate for the Marathon Deposit at its 100% owned Valentine Lake Property prepared under the direction of John T. Boyd Company in accordance with National Instrument 43-101 (“NI 43-101”). The resources were revised as part of the soon to be released Preliminary Economic Assessment (PEA). All the gains came from the Marathon Deposit which was updated as of March 5, 2018. read more