Advantage Lithium (V.AAL)

V.AAL, Advantage Lithium, lithium, Argentina, David SidooAdvantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. The common shares of the Company are listed on the TSX Venture Exchange (TSX-V: AAL), and the Company is also traded on the OTCQX Best Market in the U.S. (OTCQX: AVLIF). The Company has acquired a 100% interest in five projects in Argentina and up to a 75% interest in a sixth, called Cauchari. Cauchari is located just 20 km south of Orocobre’s flagship Olaroz Lithium Facility.

For more information see Advantage Lithium website here

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Eloro Resources Retains Focus Communications for Investor Relations

Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the “Corporation”) is pleased to announce the signing of a new investor relations agreement (the “Agreement”) aimed at enhancing the Corporation’s shareholder base and ongoing investor communications initiatives.

The primary communications objective will be to increase investor awareness of Eloro’s exploration efforts in Bolivia and Peru.

Eloro has retained the services of Focus Communications of Toronto, Ontario (“Focus”), to provide a range of investor relations, market awareness and consulting services to the Company. The team at Focus will work with management to support Eloro’s interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community.

The Corporation has agreed to pay Focus monthly fees of $5,000 over a 12 month period and subject to all required approval and available capacity under its incentive stock option plan, Eloro has further agreed to grant Focus options to purchase 250,000 common shares of the Corporation at an exercise price to be determined on the date of grant, whereby the options would vest quarterly over 12 months and expire after three years in accordance with the terms of the stock option plan.

The appointment of Focus Communications is subject to the requisite filings with and acceptance of the TSX Venture Exchange.

About Focus Communications
Focus Communications is a private Toronto based firm, specializing in investor relations, corporate communications and market awareness services. Utilizing its extensive database of private investors, brokers, analysts and fund managers, Focus provides customized investor relations solutions for its clients. Focus implements a proactive and “one on one” approach in managing relationships between clients, their shareholders and the investment community for positive, long term relationships.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro recently commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.

For further information please contact either Thomas G. Larsen, President and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Caution regarding Forward-Looking Information
Information in this news release may contain forward-looking information. Statements containing forward looking information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that statements of forward-looking information will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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Millennial Lithium: Advancing in Argentina

The world’s appetite for lithium has been hit with COVID-19 and uncertainty as to the volume of electric vehicles being sold. Which means the spot price of lithium – which is difficult to estimate in any event – has been dropping. Bad news for a lithium development company?

Not at all says Farhad Abasov, Millennial Lithium’s (V.ML) CEO. “First quarter EV sales were up 70-90% year on year,” said Abasov. “They have fallen back because of COVID and it will take time for the car market to come back. But the when the economies open up I believe the EV sales will be the first to recover. Right now, lithium is in oversupply. This has meant that the price of lithium has dropped and the high-cost producers, particularly hard rock producers, are feeling the pain.  A number of projects are being delayed or cancelled indefinitely.

“As the economies start reopening the oversupply is expected to drop,” said Abasov. “There is also constraint on the supply side now with lithium price decline as some hard rock lithium producers have high costs of production. All of which bodes well for low-cost brine projects, specifically for Millennial Lithium.”

Millennial’s  Pastos Grandes brine project is in the province of Salta in Argentina. The project is well advanced with a feasibility study which suggests a production cost of $3400 a ton. Millennial will use the traditional evaporation method to dry the brine it extracts in ponds and then run the material through a processing plant.

On June 23, 2020 Millennial announced that it had received its Declaracion de Impacto Ambiental (the “DIA”) from the Environmental and Mining Authority in Salta Province. This is a key licence as it is required for a company to proceed to the construction and operation of a project.

“This is the keystone permit,” said Abasov. “It is very much a stamp of approval from the Salta province. Salta elected a new government in October and the province is very much “open for business”. The new government is very supportive of the industry and Millennial in particular.”

The DIA is also a key milestone to securing funds. “Our next step is to fund the project,” said Abasov. “We’re working with Credit Suisse to line up funding. We have several large groups who are interested in the project.”

The funding timeline has been a little delayed by COVID-19. “Optimistically, we should have funding for the first step in Q3 2020 and full financing in place by the end of the year depending on when the COVID restrictions are lifted,” said Abasov. “The milestone will be having a strategic investor come on which is willing to support 30-40% of our CAPEX. Then an offtake agreement.”

Abasov is not worried about securing financing. “We have a strong cash position,” said Abasov. Having cash in the bank lets Millennial be selective about how it finances the Pastos Grandes project. And, as Abasov points out, there is a lot of activity in the lithium sector as large industrial groups look to secure long term lithium supply.

Financing in place, the next step will be the actual construction of the solar evaporation ponds which will then be filled with brine. As those ponds of brine are evaporating Millennial will construct and commission the processing facility. Construction will start with a target of 10-12,000 tonnes per annum coming online 18-24 months after construction begins. “We will be building to the market,” said Abasov. The final capacity of the project could be as much as 24,000 tonnes.

Argentina has been in the news with debt problems. A new President was elected in December. “Yes, the country has macro difficulties,” said Abasov. “The new President is very positive about the mining and energy sectors. The federal government is in discussions with various companies operating in the country. It looks like the federal government is on the right track.”

For a company getting ready to make a significant investment in a full-scale lithium operation, a degree of political stability is critical. Having supportive, competent and supportive government at both the federal and provincial levels reassures investors.

Cash in the bank, discussions with potential strategic partners and off-takers, a feasibility study, low projected costs of production and a plan going forward positions Millennial to take full advantage of what Abasov believes is going to be a firming lithium market.

Millennial has been trading around $1.00 a share for the last few months. It is attracting investor interest from all over the world. “We have lots of European shareholders in addition to the Canadian and US investors,” said Abasov. There is every chance the EV market will begin to improve in Q3 and Q4 of this year as COVID fades in many countries. More EVs means more demand for batteries and that means more demand for a relatively constrained supply of lithium just as Millennial is ramping up production in the next few years.

“Millennial is the most advanced lithium development project in Salta,” said Abasov. Once the market realizes how advanced Millennial actually is there is every reason to believe that the company’s value will be strongly re-rated.

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Renforth Update

Sure, you can read Renforth’s update press release.

But to get a real flavour of what Renforth (C.RFR) is doing along the Cadillac Break you need to read CEO Nicole Brewster’s wonderfully chatty newsletter to shareholders,

Parbec – again the beep mat, as the geological team got a better grip on capability they started doing some high level interp in real time and prospecting the targets….it worked insofar as it helped in extending the Diorite Splay mineralization. Ok let me back up – do you recall we figured out we had some of the diorites, which occur with the Cadillac Break at Parbec, bending away from the Break? They are in the sediments to the south – we do not yet know how they got there…but they are there. Are they fingers or are they lenses – no idea yet. It is important because anything in the sediments is unusual, especially when it is associated with gold, like our Diorite Splays are.”

Go read the whole thing!

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GR Silver Mining Reports High-Grade Drill Results and Extends the San Juan Ag-Au Mineralized System at the Plomosas Project to 1 km with a 600 m Step-Out


  • 1,723 gpt AgEq*1 over 2.7 m (15.1 gpt Au, 45 gpt Ag, 3.1% Pb and 0.9% Zn) including 5,055 gpt AgEq over 0.9 m (46.9 gpt Au, 76 gpt Ag, 3.3% Pb and 2.2% Zn)
  • 25.7 m at 1.0 gpt Au, 2% Pb and 1% Zn

VANCOUVER, BCJuly 7, 2020 /CNW/ – GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to announce drill results at its 100%-owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. These results are located in the San Juan-La Colorada Area, one of six priority areas with recent (2018) drill data being released by the Company.

These drill hole results identify silver and gold mineralized zones in a 600 m step out from the previously released drill hole results at San Juan (Figures 1 and 2) (see News Release dated May 4, 2020). They confirm continuity of the Au-Ag mineralized system for at least 1 km, supporting a geological model where both areas, La Colorada and San Juan, are part of a single significant epithermal system with occurrence of not only Ag-Pb-Zn mineralization hosted in polymetallic hydrothermal breccias, but also Au-Ag enriched veins in high angle fault zones.

The drilling intercepts confirm prospective, near-surface, multiple vein systems peripheral to other drilled areas. This creates the potential to delineate a much larger epithermal system for future drilling and resource estimation. To date, the Company has identified six veins in the San Juan-La Colorada Area as a result of previous drill results and surface and underground mapping/sampling. The Company believes that the Au-Ag bearing structures are part of regional scale fault systems, hosting attractive low sulphidation epithermal mineralization and thus providing the opportunity to move forward confidently with further shallow drilling.

GR Silver Mining President and CEO, Marcio Fonseca, commented“We are very pleased with the progress of our exploration program at Plomosas. We see significant strike length, down dip extensions and the presence of multiple veins, exhibiting the potential to define a large low sulphidation epithermal system covering most of the areas previously drilled. To date, we have been able to collect key geological and geometrical components for the silver-gold mineralized system at the San Juan-La Colorada Area, providing support for our upcoming drilling program. Results to date are indicating that both mineralization styles, Au-Ag epithermal veins and Ag-Pb-Zn hydrothermal breccias, are present, defining a large system with multi-kilometre strike potential“.

_____________________________

1

AgEq is based on long term gold, silver, zinc and lead prices of US$1600 per ounce gold, US$16.50 per ounce silver, US$0.85 per pound zinc and US$0.95 per pound lead. The metallurgical recoveries are assumed as 90% Ag, 95% Au, 78% Pb and 70% Zn.

Figure 1: San Juan-La Colorada Area Geology – Drill Hole Location Map

Figure 2: Drone Image of the San Juan–La Colorada Area (looking to the NW)

Table 1 summarizes the most significant drill assay results for this group of holes released for the San Juan-La Colorada Area.

Table 1: Summary Drill Hole Results – News Release July 7, 2020 (San Juan-La Colorada Area)

   Hole No.

From
(m)

To
(m)

Drilled
width
(m)

Est.
true
width
(m)

Ag g/t

Au g/t

  Pb %

Zn %

AgEq g/t

LCS18-01

203.3

203.6

0.4

0.4

14

0.1

3.3

5.2

LCS18-02

179.2

198.3

19.1

17.2

2

0.3

0.2

0.8

includes

190.5

192.2

1.7

1.5

8

2.1

0.8

4.1

LCS18-02

239.8

265.5

25.7

21.8

7

1.0

1.5

1.0

LCS18-03

206.7

209.3

2.7

2.4

45

15.1

3.1

0.9

1,723

includes

206.7

207.5

0.9

0.8

76

46.9

3.3

2.2

5,055

LCS18-04

250.9

288.6

37.8

34.0

5

0.3

0.8

1.0

includes 

276.0

287.6

11.6

10.4

7

0.7

1.6

2.3

368.9

370.0

1.2

1.0

182

0.3

0.1

0.2

224

LCS18-05

242.9

270.7

27.8

25.0

26

0.3

0.6

0.8

includes 

247.0

251.5

4.5

4.0

126

1.6

1.3

1.7

380

*AgEq is based on long term gold, silver, zinc and lead prices of US$1600 per ounce gold, US$16.50 per ounce silver, US$0.85 per pound zinc and US$0.95 per pound lead. The metallurgical recoveries are assumed as 90% Ag, 95% Au, 78% Pb and 70% Zn. “na” = no relevant assays. All numbers are rounded. Results are uncut and undiluted.

The drill holes in this news release were generated by a drill campaign completed by First Majestic Silver Corp. (“First Majestic”) in 2018 and not previously released. They are part of an extensive surface and underground diamond core drilling database, which GR Silver Mining is consolidating and validating.

Table 2 lists the drill hole intervals previously not sampled (“NS”) for this group of released holes. The Company is investigating these holes for evidence of mineralization in the core that warrants additional sampling and assaying.

Table 3 provides collar coordinates for the drill holes presented in this news release.

Table 2: San Juan-La Colorada Area – Drill Hole Intervals Not Sampled (Intervals greater than 20m)

Hole No.

From-To (m)

Sampling

Hole No.

From-To (m)

Sampling

LCS18-01

0-132.95

NS

LCS18-03

152.2-166.9

NS

LCS18-01

141.75-195.45

NS

LCS18-03

172.1-184.55

NS

LCS18-01

242-270.05

NS

LCS18-03

209.3-214

NS

LCS18-02

0-177.7

NS

LCS18-04

0-156.1

NS

LCS18-02

298.35-307.3

NS

LCS18-04

389.85-453.1

NS

LCS18-02

410.75-450.5

NS

LCS18-05

0-165.9

NS

LCS18-03

0-89.75

NS

LCS18-05

182.6-184

NS

LCS18-03

112-147

NS

LCS18-05

207.7-242.5

NS

All numbers are rounded. NS – Core not assayed by First Majestic

Table 3: Drill Hole Locations – San Juan-La Colorada Area (News Release 7/7/2020)

Hole No.

East (m)

North (m)

RL (m)

Az.

Dip

Depth (m)

LCS18-01

447872

2551275

939

232

-47

270

LCS18-02

447922

2551141

922

250

-75

458

LCS18-03

447922

2551141

922

250

-50

214

LCS18-04

447961

2551067

899

250

-75

453

LCS18-05

447961

2551067

899

250

-54

280

All numbers are rounded.

The San Juan-La Colorada Area drill results continue to demonstrate the continuity of higher-grade mineralization along strike, expanding the footprint of the low sulphidation epithermal system for approximately 1km. The high grades encountered indicate both Au-Ag and Ag-Pb-Zn styles of mineralization in an area with multiple deep-rooted fault systems, creating a prospective setting for future discoveries (Photo 1).

Photo 1- High-grade Au Core Sample – Hydrothermal Breccia Drill Hole LCS18-03.

The low sulphidation epithermal Au-Ag system is hosted predominantly in high-angle faults, whereas the Ag-Pb-Zn mineralization is preferentially in shallow angle faults and polymetallic hydrothermal breccias (click here to view cross sections). Both mineralization styles have developed due to a combination of multiple deep-rooted fault structures in a multi-event system, where precious metals appear to be the younger mineralized phase. The deep-rooted regional structures transect and served as a fluid conduit for a large underlying hydrothermal system, cross cutting a volcanic sequence made of andesites, tuffs and rhyolites, where brittle fracturing in host rocks has created voids or traps for deposition of both styles of mineralization. The combination of these structures, together with favorable host rocks (permeability and porosity), have generated numerous alteration halos (argillic, propylitic, oxidation and silicification) (Figures 1 and 2). These altered areas are exploration guides for future drilling and expansion of the mineralization footprint.

The Company is implementing detailed core relogging and multi-element analysis by portable hand-held XRF (pXRF), particularly in non-sampled areas, prior to being submitted to the laboratory for detailed chemical analysis. Using pathfinder elements, the pXRF results enable data-driven determination of the mineralized and un-mineralized alteration mineral assemblages. The Company has successfully implemented a pXRF program at its nearby projects, where it has proven to be a cost- and time-effective first pass analytical method.

Previous owners completed aero- and ground geophysical surveys (magnetometry and IP) covering most of the deep-rooted regional faults. In general, for an IP survey, resistivity anomalies delineate the fault system and chargeability differentiates oxide vs. sulphide mineralization potential at depth. High resolution airborne magnetometry was undertaken by First Majestic in 2016, covering the Plomosas Project. This form of geophysical investigation is important in defining regional and local scale lithological variations, as well as potentially buried intrusive bodies that can be important heat and fluid sources in the genesis of epithermal mineralization in volcanic environments such as at Plomosas. Fluid flow derived from epithermal systems can result in the local destruction of magnetism, particularly along structural pathways, which can also be used as a targeting tool.

This geophysical ‘fingerprint’ of the mineralized system, together with the abundance of faults, has resulted in promising new prospective zones for oxide and sulphide mineralization types. GR Silver Mining continues to update the 3D geological model of exploration together with results from drill holes, bedrock mapping and soil and rock geochemistry and geophysics, generating data-driven, drill-ready targets supported by all four data sets.

Qualified Person

The scientific and technical data contained in this News Release related to the Plomosas Project was reviewed and/or prepared under the supervision of Marcio Fonseca, P.Geo. He has approved the disclosure herein.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

The recent drill holes completed by First Majestic from 2016 to 2018, followed QA/QC protocols reviewed and validated by GR Silver Mining, including insertion of blank and standard samples in all sample lots sent to First Majestic’s Laboratorio Central facilities in La Parilla, Durango, for sample preparation and assaying. Additional validation and check assays were performed by an independent laboratory at SGS de México, S.A. de C.V. facilities in Durango, Mexico. The analytical methods applied for these recent holes for Ag and Au assays comprised of Fire Assay with Atomic Absorption finish for samples above Au >10ppm and Ag >300ppm and Gravimetric Finish. Pb and Zn were analyzed using Inductively Coupled Plasma Optical Emission Spectrometry.

The Company has also negotiated debt settlement with arm’s length and non-arm’s length creditors. Pursuant to the debt settlement agreements, and subject to acceptance by the TSX-V, the Company has settled aggregate debt of $207,728 outstanding as at June 30, 2020, in consideration for which it will issue an aggregate of 437,322 common shares at a deemed price of $0.475 per share.  Certain insiders of the Company participated in the debt settlements (Marcio Fonseca, the Company’s President, CEO and director, agreed to settle $7,500 debt for 15,790 shares; Blaine Bailey, the Company’s CFO, agreed to settle $7,500 debt for 15,790 shares; and Trevor Woolfe, the Company’s VP Corporate Development & Exploration, agreed to settle $15,000 debt for 31,579 shares).  Participation by Insiders in the debt settlements is also considered a “related party transaction” pursuant to MI 61-101.  The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders’ participation in the debt settlements in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the debt settlements by the Insiders did not exceed 25% of the fair market value of the Company’s market capitalization. All shares issued in relation to these debt settlements are subject to a hold period expiring four months + one day after the date the shares are issued, in accordance with applicable securities laws and the policies of the TSX-V.

About GR Silver Mining Ltd.

GR Silver Mining Ltd. is a Mexico-focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District, Sinaloa, Mexico.

PLOMOSAS SILVER PROJECT

GR Silver Mining owns 100% of the Plomosas Silver Project located near the historic mining village of La Rastra, within the Rosario Mining District. The Project is a past-producing asset where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Project has an 8,515-hectare property position and is strategically located within 5 km of the San Marcial Silver Project in the southeast of Sinaloa State, Mexico. The Plomosas Project comprises six areas with an average of 100 surface and underground drill holes in each area, geophysical and geochemical data covering most of the concession, and the delineation of 16 exploration/drilling targets.

The 100%-owned assets include all facilities and infrastructure including: access roads, surface rights agreement, water use permit, 8,000 m of underground workings, water access, 60 km – 33 KV power line, offices, shops, 120-person camp, infirmary, warehouses and assay lab representing approximately US$30m of previous capital investments. The previous owners invested approximately US$18 million in exploration.

The silver and gold mineralization on this Project display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration was focused on Pb-Zn-Ag-Au polymetallic shallow mineralization, hosted in NW-SE structures in the vicinity of the Plomosas mine. The E-W portion of the mineralization and extensions for the main N-S Plomosas fault remains under-explored. The Plomosas Silver Project has more than 500 recent and historical drill holes in six areas – Plomosas Mine, San JuanLa ColoradaYecoraSan Francisco and El Saltito. These drill holes represent an extensive database allowing the Company to advance towards resource estimation and potential project development in the near future.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver-lead-zinc open pit-amenable project. GR Silver Mining is currently drilling at the San Marcial Project, which contains 36 Moz AgEq (Indicated) and 11 Moz AgEq (Inferred), exploring recently defined new high-grade gold and silver targets along the project’s 6 km mineralized trend. GR Silver Mining is the first company to conduct exploration at San Marcial in over 10 years. The NI 43-101 resource estimate (San Marcial Project – Resource Estimation and Technical Report) was completed by WSP Canada Inc. on March 18, 2019 and amended on June 10, 2020.

Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce San Dimas Mining District which has historically produced more than 600 Moz silver and 11 Moz gold over a period of more than 100 years.

OTHER PROJECTS

GR Silver Mining’s other projects are situated in areas attractive for future discoveries and development in the same vicinity of Plomosas and San Marcial in the Rosario Mining District.

Mr. Marcio Fonseca

P. Geo, President & CEO
GR Silver Mining Ltd.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

SOURCE GR Silver Mining Ltd.

For further information: +1 (604) 202 3155, Email: info@grsilvermining.com

Related Links

http://www.grsilvermining.com/

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Renforth Identifies Surimeau Project, with ~19km Polymetallic Mineralized Trend

Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) has completed our June field work successfully and is particularly impressed with the results of our initial prospecting work at Malartic West, results will be released as available.

  • Malartic West – visual confirmation of the presence of mineralization, noted historically, was obtained. This included sphalerite and minor chalcopyrite set within multiple felsic units, interlayered with narrow bands of graphitic shale. Also encountered were multiple bands of ultramafic rocks, including serpentinite and pyroxenites, these were historically investigated for their nickel content. Renforth’s investigation, and assay protocols, extends to testing for gold, nickel, copper, zinc and PGEs. With the exception of PGEs each of these metals was historically documented in various programs and locations within the system. The relationship between the felsic and ultramafic mineralization has not yet been determined.
    The southern claims, the focus of the work, hosted 3 areas of historic mineralization, in two bands approximately 4 kms apart (north-south) with a strike length of approximately 19 kms (east-west) between them, previously referred to as Lalonde, Victoria and Colonie. Renforth is the first company to consolidate all of these historic mineralized areas and approach them as a system. Renforth will, going forward, refer to this system as the Surimeau Project, separating the claims out of the Malartic West block.
  • Parbec – obtained with prospecting was an extension of the Diorite Splay veining on surface, with additional veining uncovered and sampled, assay results pending. The structural interpretation of the mineralization in the sediments is continuing, sampling ended due to overburden beyond hand tool abilities in one direction and with the vein entering a fault in the other.
  • Beep Mat – data was successfully acquired at both New Alger, in the area of the Discovery Veins, and at Parbec, in the area of the Diorite Splay. Some initial prospecting was carried out with this data, interpretation of the data is pending.

Renforth has completed a private placement with the issuance of 100,000 common share units, each unit priced at $0.05 and consisting of one common share and one warrant to acquire an additional common share at a price of $0.07 for a period of 24 months, and 4,236,372 flow through share units, each unit priced at $0.055 and consisting of one share issued on a “flow-through” basis and one warrant to acquire an additional common share at a price of $0.075 for a period of 24 months, for a total raised in this closing of $238,000. A commission totaling $14,000 in cash and a total of 254,545 broker warrants was paid pursuant to this closing. The use of these funds is a drilling program on the Discovery Vein gold mineralization at New Alger. Currently the resource geologist and the exploration geologist team are working together to develop a program which will include infill drilling within the stripped area and step out drilling to the west, within the surface sampled but undrilled strike of the Discovery Vein system. Drilling is expected to commence in late July, once scheduled blasting of certain areas of the Discovery Veins surface mineralization is complete.

Brian H. Newton P.Geo is a “qualified person” pursuant to the guidelines within NI 43-101 and has reviewed and approved the technical disclosure within this press release.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:416-818-1393
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with five wholly owned surface gold bearing properties, 2 of those with open pit, and outside of pit, constrained gold resources in place, located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec Gold Resource Properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. Both properties have NI 43-101 open pit constrained, and out of pit, gold resources calculated. In both instances additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine Property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.

In Ontario, Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins, Ontario, drilled, channeled and sampled over 500m – this historic property also requires additional exploration to define the extent of the mineralization.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

SOURCE: Renforth Resources Inc.

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Chris Perry on Tocvan Ventures

We always enjoy Chris “Equity Guru” Perry’s writing on junior resource companies. Chris is a skeptic with a long track record in the junior space. He turned his attention to Tocvan Ventures which is exploring a gold/silver property in Mexico.

“Tocvan Resources (TOC.C) announced substantial results Wednesday on the data from their property scale soil sampling survey at the Mexico-based Pilar gold-silver project, with returns of 8 g/t gold and 317 g/t silver among the highlights.

The tiny gold explorer is in the early stages of proving out its property but, in doing so, also announced it has discovered a new gold and silver mineralization on its eastern zone, causing excitement among insiders.

With only 17 million shares outstanding, and with a market cap barely over a million dollars, any positive news will likely bring the potential of high market upside, so sampling results that open the play up are definitely worth cheering about.” Chris Perry, Stockhouse

You can read the whole, very informative, article here.

I am looking forward to interviewing Tocvan’s President, Derek Wood, in the next few days.

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Tocvan Announces Results from Property Scale Soil Survey, Includes Highest Soil Results to Date with 8 g/t Gold & 317 g/t Silver New East Zone Discovery, at the Pilar Gold-Silver Project in Sonora, Mexico

Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce results from the soil sampling survey at the Pilar Gold-Silver Project in Sonora, Mexico.

The highest assay results have been returned for gold and silver on the Pilar property in separate soil assays; 8 g/t Au & 317 g/t Ag. Also, a new zone of gold and silver mineralization containing areas of high grade gold and high grade silver has been revealed and is termed the “East Zone”, see figure 1.

Soil samples were systematically collected across the property as one of several survey tools to define mineralization trends associated with geological structures. To further help define mineralization trends previous results were also included and are shown below. Combined, these results have highlighted gold-silver areas and gold-silver trends across the Pilar property from north to south to narrow the focus for drilling.

Historically, the focus for development on the Pilar property has been in the north-west part of the property in the Main Zone and North Hill Zone. These zones along with the 4-Trench Zone have received over 17,700m of drilling. The Pilar property is a low-sulphide epithermal system, structure is key in mineralization deposition. In order to know where the mineralization is located, the structures need to be known and understood. In the efforts to define the structures controlling mineralization in the Main, North Hill, and 4-Trench zones, discoveries have been made elsewhere on the property, and those discoveries collectively have revealed a new zone of gold-silver mineralization, the East Zone (Figure 1).

Figure 1 characterizes the gold-silver assay results from the soil survey conducted this past March into April across the Pilar property. Also shown on figure 1 are gold-silver assay results from rock-grabs collected on the property this past November and previously reported January 7, 2020, they are included and shown here to provide a holistic view. Those rock-grabs were collected in response to testing high grade gold-silver soil assay results reported by Colibri Resource Corp. in 2018 and therefore show the effectiveness of assaying soil samples.

Taken collectively, the gold-silver assay results have revealed trends and zones of mineralization as depicted in figure 1 and the following figures. In figure 1 the gold-assay soil return is represented by 

and the silver-assay-soil return is represented by

. Gold and silver assay results collected as rock-grabs this past November and reported January 7, 2020 are represented by

.

The new East Zone (Figure 1) is represented by high grade gold and high grade silver assay results from rock grabs and soil sampling, and is a new trend of mineralization parallel to the NW-SE trend of mineralization of the Main Zone and North Hill Zone (see the bottom of this press release for summary drill results of the Main and North Hill zones). This trend/zone first started to reveal itself after a rock sampling survey conducted this past November. Some significant results include over 5 g/t gold and over 9 g/t gold (Figure 1), but also notably 323 g/t silver, 317 g/t silver, 127 g/t silver, and at the south-east corner of the property 84 and 76 g/t silver (Figure 1). This area roughly covers 600m x 200m and trends in the same direction as the Main Zone (which has been drilled to a depth of ~100m) and with NW-SE trending structures. Historically, previous operators have focused on developing gold on the Pilar property, clearly silver should be included as a part of that focus as well, and will be.


Click Image To View Full Size

Figure 1. Results from the 2020 Soil Survey at Pilar Au-Ag Project

Figures 2 and 3 below are mathematically smoothed soil gold-silver assay data to better reveal trends of mineralization and hence structural trends. The property is known to have cross-cutting NW-SE trending structures and NE-SW trending structures, an excellent combination of structures for mineralized fluid deposition. Directional trends have tentatively been interpreted and are depicted by yellow arrows on both figures. The figures below show trends of mineralization (structure) in under explored areas, and so, provide additional growth opportunities to locate more gold and silver. Mineralization is structurally controlled, knowing the locations, directions and especially the intersections of the structures will help to narrow the focus for locating drill targets.

The soil samples were analyzed by ALS Limited for gold and silver via Au-AA23 package (fire assay and atomic absorption) and Ag-AA45(aqua regia digestion and atomic absorption).

Next Steps for Pilar

Moving forward, scheduled work to be done, and included with these and previous results, are structural analyses with associated survey tools by structural geologists, and XRF survey of samples across the property and of historic drill hole samples held in storage. XRF identifies elements and their amounts which in turn help to identify pathfinder elements. All these surveys and analyses will be taken collectively in order to locate the structures and hence mineralization to provide targets for the drill program; currently anticipated in late summer/early fall of this year.


Click Image To View Full Size

Figure 2. Silver in Soil Results.


Click Image To View Full Size

Figure 3. Gold in Soil Results.

Special Note:

The current world health situation requires adjustments to work programs, health and safety is considered first.

Current health advice is for families and groups to self-isolate and to use caution with suggested recommendations from health leaders when social-distancing becomes a challenge. Countries are beginning to allow businesses to operate again. Isolation is an inherent part of mineral development programs.

About the Pilar Property

The Pilar Gold-Silver property has been identified as a structurally controlled low-sulphidation epithermal project hosted in Andesite and Rhyolite rocks. Hydrothermal fluids carrying gold, silver and other minerals are transported through the pre-existing structures and deposit out of the fluids and become emplaced within the structures and surrounding host rock. Three zones of mineralization have been identified in the north-west part of the property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4 Trench. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Over 17,700m of drilling have been completed to date. Significant results are highlighted below from previous operators:

– 17,700m of Core & RC drilling. Highlights include (all lengths are drilled thicknesses):

– 0.73g/t Au over 40m

    • – 0.75g/t Au over 61m

– 17.3g/t Au over 1.5m

– 5.27g/t Au over 3m

– 53.47g/t Au & 53.4g/t Ag over 16m

– 9.64g/t Au over 13m

– 10.6g/t Au & 37.8g/t Ag over 9m

– 2,650m of surface and trench channel sampling. Highlights include:

– 55g/t Au over 3m

– 28.6g/t Au over 6m

– 3.39 g/t Au over 50m

– Soil sampling results from undrilled areas indicating mineralization extends towards the southeast from the Main Zone, North Hill Zone, and 4-Trench Zone

Additional areas of mineralization have been identified resulting from surface rock-grab-sample assay results that extend known mineralized trends and show a second NW-SE trend of mineralization to the east parallel to the trending zone described above; gold-silver mineralization is indicated across the property from the north to the south, see press release dated January 7, 2020. Significant results from that particular survey are highlighted below:

Sample #Au g/tAg g/tCu %Pb %
PILAR-MTS-020.914.30.2610.003
PILAR-MTS-031.35.40.3380.002
PILAR-MTS-050.812.70.1290.002
PILAR-MTS-063.28.30.3500.001
PILAR-MTS-090.22.21.2550.005
PILAR-MTS-100.917.20.7340.010
PILAR-MTS-113.857.40.8460.005
PILAR-MTS-120.05.61.9100.001
PILAR-MTS-130.012.90.9460.001
PILAR-MTS-140.13.31.4000.001
PILAR-MTS-190.81.70.0130.008
PILAR-MTS-205.684.20.0881.710
PILAR-MTS-210.720.30.0270.185
PILAR-MTS-229.376.40.1202.150
PILAR-MTS-250.5323.00.0160.242
PILAR-MTS-261.42.40.0020.013
PILAR-MTS-272.214.70.0120.259
PILAR-MTS-294.3172.00.0861.125
PILAR-MTS-3023.7116.00.0890.040
PILAR-MTS-334.444.50.1090.036
PILAR-MTS-347.541.90.0440.022
PILAR-MTS-352.23.50.1790.008

The technical information in this news release pertaining to geological data and its interpretation has been prepared by Mark T. Smethurst, P.Geo., COO, Director of the Company, and a “qualified person” within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan Ventures Currently has approximately 17.7 million shares outstanding and is earning into two exiting opportunities. The Pilar Gold project in the Sonora state of Mexico and the Rogers Creek project in Southern British Columbia, Management feels both projects represent tremendous opportunity.

Cautionary Statement Regarding Forward Looking Statements

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the Offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Renforth Files Open Pit Constrained and Out of Pit Technical Reports for New Alger and Parbec Gold Deposits

Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to announce that the Technical Reports titled “Updated Mineral Resource Estimate and Technical Report on the New Alger Gold Property, Abitibi-Témiscamingue Region, Northwestern Québec, Canada” and “Updated Mineral Resource Estimate and Technical Report on the Parbec Gold Property, Malartic Township, Abitibi-Témiscamingue Region, Northwestern Québec, Canada”, both signed June 23, 2020, with an effective date of May 1, 2020, have been filed under Renforth’s SEDAR profile.

Each of these technical reports presents updated, pit-constrained and out of pit, gold resources for each property as follows;

New Alger Mineral Resource Estimate May 2020

New Alger Mineral Resource Estimate (1-6)

Area

Classification

Cut-off Au
(g/t)

Tonnes
(k)

Au
(g/t)

Au
(koz)

Pit Constrained

Indicated

0.32

1,016

1.88

61.5

Inferred

0.32

2,322

1.65

123.3

Out-of-Pit

Indicated

1.44

19

1.81

1.1

Inferred

1.44

904

2.23

64.7

Total

Indicated

0.32 + 1.44

1,035

1.88

62.6

Inferred

0.32 + 1.44

3,226

1.81

188.0

*Please find the combined footnotes and cautions to the New Alger and Parbec Mineral Resource Estimates following the Parbec Mineral Resource Estimate

Parbec Mineral Resource Estimate May 2020

Parbec Mineral Resource Estimate (1-6)

Area

Classification

Cut-off Au
(g/t)

Tonnes
(k)

Au
(g/t)

Au
(koz)

Pit Constrained

Indicated

0.32

1,782

1.77

101.4

Inferred

0.32

1,997

1.56

100.3

Out-of-Pit

Indicated

1.44

40

2.38

3.1

Inferred

1.44

1,125

2.13

77.0

Total

Indicated

0.32 + 1.44

1,822

1.78

104.5

Inferred

0.32 + 1.44

3,122

1.77

177.3

1) 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, socio-political, marketing, or other relevant issues.

2) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

3) The Mineral Resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

4) Historically mined areas were depleted from the Mineral Resource model.

5.) The pit constrained Au cut-off grade of 0.32 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$ exchange rate, 95% process recovery, C$17/t process cost and C$2/t G&A cost. The constraining pit optimization parameters were C$2.50/t mineralized mining cost, $2/t waste mining cost, $1.50/t overburden mining cost and 50 degree pit slopes.

6.) The out of pit Au cut-off grade of 1.44 g/t Au was derived from US$1,450/oz Au price, 0.75 US$/C$ exchange rate, 95% process recovery, C$66/t mining cost, C$17/t process cost and C$2/t G&A cost. The out of pit Mineral Resource grade blocks were quantified above the 1.44 g/t Au cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Additionally, only groups of blocks that exhibited continuity and reasonable potential stope geometry were included. All orphaned blocks and narrow strings of blocks were excluded. The longhole stoping with backfill method was assumed for the out of pit Mineral Resource Estimate calculation.

The filing of these Technical Reports remedies the default noted on September 19, 2019

Technical information in this press release was reviewed and approved by Eugene Puritch P.Eng, FEC, CET, President of P&E Mining Consultants Inc. and an independent “Qualified Person” pursuant to the requirements specified in NI 43-101.

For further information please contact:

Renforth Resources Inc.
Nicole Brewster
President and Chief Executive Officer
T:416-818-1393
E: nicole@renforthresources.com
#269 – 1099 Kingston Road, Pickering ON L1V 1B5

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with five wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec Gold Resource Properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. In both instances additional gold bearing structures, other than the Cadillac Break, have been found on each property and require additional exploration. Renforth also holds Malartic West, contiguous to the western boundary of the Canadian Malartic Mine Property, located in the Pontiac Sediments, this property is gold bearing and was the recent site of a copper discovery. In addition to this Renforth has optioned the wholly owned Denain-Pershing gold bearing property, located near Louvicourt, Quebec, to O3 Mining Inc.

In Ontario, Renforth holds the Nixon-Bartleman surface gold occurrence west of Timmins, Ontario, drilled, channeled and sampled over 500m – this historic property also requires additional exploration to define the extent of the mineralization.

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

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Aben Commences 2020 Field Program at Forrest Kerr Gold Project

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to provide an update on the planned commencement of its 2020 field program at the Forrest Kerr Gold Project located in the Golden Triangle region of NW British Columbia.  The field team will arrive to the Project in early July to begin the work program.  This program will consist of mapping, prospecting, and soil and rock sampling to better define existing targets and generate new targets for a potential drill program later in the season.

Highlights for 2020 Field Work include:

  • Correlate and ground-truth downhole data, surface observations and geophysical signatures in the area between the mineralized corridor at South Boundary and high-grade gold mineralization at North Boundary. Drill intercepts from this area include: 1.2 g/t gold over 122.0m (FK17-05), with the best intercept returning 38.7 g/t gold over 10.0m (FK18-10).

  • Geological mapping and prospecting toward the north in the Boundary Valley between the high-grade North Boundary Zone and the Marcasite Gossan, which was last drill-tested prior to 2005.
  • Soil sampling and prospecting in the area immediately south of the South Boundary drill locations.

Proposed Exploration and Drill Targets

Forrest Kerr Project:

The Forrest Kerr Property consists of 4 separate claim blocks comprised of 56 mineral claims (23,397 ha) and is owned 100% by Aben Resources. Numerous areas of interest have been identified since Aben began systematic exploration in 2016, with a total of 70 drill holes (21,968m/72,055’) completed. The Boundary Valley hosts significant surface gold mineralization and complex structural intersections, both of which are important indicators of the potential for discovery of more sub-surface high-grade gold mineralization. The initial exploration focus will be between the North and South Boundary zones, in a transitional area where the Benchlands Fault (South) coalesces with the Nelson Creek Fault Zone (North).

Historically, minimal exploration has been conducted in the 3.5km-long Boundary-Marcasite corridor to the north of the North Boundary High-grade Zone despite the presence of high-grade precious metal values on surface. And to the south, very limited surface work has been conducted south of the South Boundary mineralized corridor, although discovery potential is high as this area overlies the regional-scale Forrest Kerr Fault Zone and other associated structures.

Forrest Kerr Tenure Map

Aben Resources would also like to announce that the 2020 Communications Agreement between Aben and the Tahltan Central Government has been signed. Aben looks forward to a continuance of a positive, mutually beneficial working relationship. The Company would also like to state that it has changed the exploration plans for the 2020 season to accommodate concerns about the Coronavirus.  We will be starting the season with a smaller crew to do field work first. When their program is complete and successful, we will follow up after with a drill program, that is contingent on favorable exploration results, thereby keeping the camp population to a minimum.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with over $1.0 million in the Company’s treasury.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com

ABEN RESOURCES LTD.

“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO

For further information contact myself or:
Simon Dyakowski
Aben Resources Ltd.
Strategic Advisor
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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 release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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Millennial Lithium Corp. Receives Government Approval for Its Environmental Impact Assessment for Construction and Operations for Its Pastos Grandes Project, Salta, Argentina

Millennial Lithium Corp. (TSXV: ML) (FSE: A3N2) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to report that its wholly owned subsidiary, Proyecto Pastos Grandes S.A. (“PPGSA”), has received a Declaracion de Impacto Ambiental (the “DIA”) from the Environmental and Mining Authority in Salta Province, Argentina. The DIA represents the Environmental and Mining Authority’s approval of PPGSA’s Environmental Impact Assessment (the “EIA”) for Construction and Operation of a 24,000 tonne per year battery grade lithium carbonate production facility at its flagship Pastos Grandes lithium carbonate project. The DIA is the main environmental approval document required for mining projects in Salta Province to both proceed to the construction stage and to operate. The Pastos Grandes Project is currently the only active pre-construction phase project in the region with this key milestone permit.

Farhad Abasov, President and CEO commented “Millennial is pleased to have received the approval for the EIA for construction and operation for our flagship Pastos Grandes Project in Salta, Argentina. This approval is an important step in securing full support from the provincial and federal governments in our path forward to bring the Pastos Grandes Project into production. The rapid approval by the Salta government reflects both the detailed and comprehensive nature of the EIA and the commitment of the government to continue supporting viable mining projects. We are pleased to have secured this approval which makes Pastos Grandes one of the most advanced lithium projects in the world. With a strong cash position we look forward to continuing to develop the Pastos Grandes Project.”

The EIA, presented to the Salta Environmental and Mining Authority in June 2019, was prepared by Ausenco-Vector (Ausenco). Ausenco has extensive experience in the preparation of EIAs for the mining industry in compliance with Argentine Federal and Provincial regulations. All development work on the Company’s Pastos Grandes Project is being completed in accordance with Argentine National Law No. 24.585 (Environmental Protection for Mining Activity). The EIA is based on the potential production scenario of brine extraction via pumping wells, solar pond evaporation and production of up to 25,000 tonnes per year of battery grade lithium carbonate from a centralized processing facility.

The issuance of the DIA approval confirms that the EIA is in compliance with the norms and regulations under the national and provincial mining law, and contains standard requirements to maintain the DIA approval in good standing. Most significantly, there is no adjustment to the 3% Net Smelter Return royalty (known as a “Boca de Mina”) payable to the Province, as defined in the National Mining law and as specified in the fiscal stability certificate for Provincial liabilities which specifies the government royalties that are payable on any future production from the Pastos Grandes Project.

The requirements in the DIA are divided into immediate obligations, required periodic reports, safety and environmental protection measures, operational obligations, community and social obligations and general prohibitions, including typical restrictions against hunting, setting fires and normal environmental and social non-disturbance measures.

This news release has been reviewed by Iain Scarr, AIPG CPG., Chief Operating Officer of the Company and a Qualified Person as that term is defined in National Instrument 43-101.

To find out more about Millennial Lithium Corp. please contact Investor Relations at (604) 662-8184 or email info@millenniallithium.com.

MILLENNIAL LITHIUM CORP.

“Farhad Abasov”

President, CEO and Director

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Argentina which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$, fluctuations in the market for lithium, changes in exploration costs and government royalties, export policies or taxes in Argentina and other factors or information. The Company’s current plans, expectations and intentions with respect to development of its business and of the Pastos Grandes Project may be impacted by economic uncertainties arising out of Covid- 19 pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Pastos Grandes Project. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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