First Mining Finance

First Mining FinanceFirst Mining Finance Corp. is a mineral bank focused on acquiring, enhancing and monetizing high-quality mineral assets. First Mining has assembled a large and diversified portfolio including 25 projects with a combined gold resource base of 7 million ounces in the Measured and Indicated categories and 5 million ounces in the Inferred category. First Mining adds value to its portfolio of assets through drilling, permitting, resource studies, infrastructure improvements and economic studies. When market conditions are optimal, the Company will monetize its portfolio through agreements with third parties to further advance the projects through development and production while First Mining retains residual interests in the projects (eg. joint ventures, royalties and/or streaming structures). First Mining was created by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp. and a co-founder of First Quantum Minerals Ltd.

For more information please see the First Mining Finance website

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Renforth Finds Visible Gold Within Discovery Vein Blast Area at New Alger

Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to let shareholders know that visible gold was observed in several instances within the areas of the blasting work recently completed on the Discovery Veins. Location details are presented below. 1815 lbs. of representative material, in 100lb rice bag samples, comprised of randomly selected blast rubble and fine material taken from the bottom of each pit, has been sent to SGS Lakefield for test work which will include grindability tests, gravity concentration tests and gold recovery tests for each pit.

Discovery Vein Blasting

Renforth blasted in four areas of the ~275m stripped portion of the Discovery Vein gold system, located approximately 250m south of the Cadillac Break, on Renforth’s wholly owned New Alger Gold Project, which hosts an open pit constrained NI 43-101 Mineral Estimate, presented below.

Four areas were chosen, as depicted in the map below, based upon results obtained in each area via comprehensive surface channel and grab sampling carried out by Renforth between 2014 and 2019, and location within the stripped area.

“A” Pit: previous surface results include 2.56 g/t Au over 0.45m, western end of stripped area, several instances of Visible Gold seen in blast pit and rubble

“B” Pit: previous surface results include 7.59 g/t Au over 0.9m, location of main historic Discovery Blasting (1920’s), Visible Gold seen in blast pit

“C” Pit: previous surface results include 11.60 g/t Au over 0.45m, Visible Gold seen in blast rubble

“D” Pit: previous surface results include 1.92 g/t Au over 0.7m, eastern end of stripped area

The visible gold in the picture above is from the A pit (westernmost) and is hosted by a pegmatitic quartz-albite-biotite vein. The outcrop that was blasted at this location returned several channel assays in the 1-3g/t Au range from a combination of blue quartz veins, and pegmatitic veins with arsenopyrite disseminations.

The four blast pits have been mapped and sampled in detail with particular focus on styles and orientations of veining, alteration and sulphide mineralization. Samples have been taken to test for any correlations between these features and gold grades, and to test for variation in gold grade along the strike of major veins and structures. Assay results from the samples taken will be released once available.

“Visible Gold is a novel thing to find, and was not expected to come out of this blasting, so it is very exciting. We look forward to the receipt of the assay and test results for the Discovery Vein area, so we can advance our goal of processing the material for recovery” states Nicole Brewster, President and CEO of Renforth.

Drilling at New Alger is nearing completion for this program, with 3 infill holes completed on the Discovery Veins and 5 step out holes to the west, for a total step out of 300m west outside of the stripped area of the Discovery Veins. Due to observations made in “B” blast pit the drill was re-oriented to drill north, in order to intersect observed flat lying veins, which could be missed when drilling south, the orientation used previously. Each of the 8 completed drillholes intersected mineralization characteristic of previous drilling, a significant number of samples have been taken for assaying, results will be reported once received. The final hole in the program, in the Mine Area of the property, targeting the completion of REN-20-40 which had to be stopped due to caving within the Cadillac Break earlier this year, is being drilled. This hole is targeting mine veins #1 and #2 at depth of ~400m vertical, drilled from the south and the competent Pontiac Sediments.

About New Alger

Renforth’s wholly owned New Alger Gold Project is located in the Cadillac Mining Camp, on the Cadillac Break, outside of the village of Cadillac, west of Malartic Quebec. The Cadillac Mining Camp is historically one of Quebec’s most prolific, and deep seated gold camps. New Alger’s neighbor to the north, with a shared property boundary, is the LaRonde Mining Complex of Agnico-Eagle. The neighbor to the east, with a shared border and geological structure, is the former O’Brien Mine, which ceased operations in the 1950’s, at an operating depth of 1500m. This mine, on the same Cadillac Break vein structure as New Alger, contrasts in terms of its’ 1500m operating depth with New Alger’s deepest pierce point, in the vicinity of the former Thompson-Cadillac Mine on the property, of 415m vertical depth. The Thompson-Cadillac Mine, located on the southern margin of the Cadillac Break, operated erratically from the late 1920’s to the early 1940’s, with a handful of production years which ended in the mid 1930’s, with several ownership groups and size increases to the processing plant, resulting in the production of 21,000 ounces of gold. The history of several operators and the mix of barren country rock and mineralized rock within the waste and tailings piles remaining on surface causes Renforth to consider that the historic mine was not an optimized operation.

Today New Alger hosts a NI43-101 Open Pit Constrained Mineral Resource Estimate as follows;

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

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 in this report 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.

New Alger Underground Looking North-East

Brian H. Newton P.Geo is a “qualified person” pursuant to the requirements of National Instrument 43-101. He has reviewed and approved the technical information in 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 six wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec Properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. Each of these properties carries an open-pit constrained 43-101 resource. 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. Renforth has acquired the Surimeau property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau hosts polymetallic mineralization and represents the consolidation of four historic properties into one for the first time. 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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Renforth Extends Diorite Splay Discovery at Parbec with Surface Gold Results

 Renforth Resources Inc. (CSE:RFR)(OTC PINK:RFHRF)(WKN:A2H9TN) (“Renforth” or the “Company”) is pleased to share with shareholders our success at Parbec with the beep mat survey, which extends our initial diorite splay Discovery Sampling (see press release June 26, 2019) to a strike length of approximately 100m, supported by gold in surface channels, including 2.35 g/t Au over 0.55m, detailed below, and other anomalies highlighted by our initial, very limited, beep mat survey at Parbec.

“The fact that we found gold on surface, extending our initial Diorite Splay discovery to approximately 100m in strike, with the small scale beep mat survey we carried out is great! To extend the vein system on surface, which also ties in to drill intervals at depth, using very cost effective technology gives us another tool in our efforts to define the extent of mineralization at Parbec. The next step will be to carry out a larger scale survey over the Pontiac sediments south of the Break.” states. Nicole Brewster, President and CEO of Renforth.

Highlight Beep Mat Survey Channel Sample Results

1.68g/t Au over 0.35m
2.35g/t Au over 0.55m
0.80g/t Au over 0.3m

A total of 19 channel samples were taken at various locations within the surveyed area. In the instance of the results given above the samples were taken from a quartz vein with chloritic and pyritic walls, which eventually plunged into a fault. These results line up with anomalies found in the survey, interpreted to extend this system to approximately 100m. In 2019 the southern “diorite” splay area, approximately 100 metres south of the Cadillac Break, was discovered to host narrow quartz veining on a ridge of sediments which assayed 1.03 g/t Au over 0.2m, this sample is interpreted to be the surface occurrence of mineralization seen in prior drillholes, with intersections at approximately 75m vertical depth of 2.82g/t Au over 1.0m in PAR-18-86, 2.35g/t Au over 3.3m in PAR-08-03 and at approximately 200m vertical depth 2.75g/t Au over 3.0m in PAR-08-02. This area, accessed via a trench corridor, was unable to be stripped due to access issues, and was not washed. As stated in 2019 we feel that this location is a key location in beginning to understand the true potential of mineralization in the sediments, it still has not been washed and is difficult to access from the north, future work will include attempting access from the south. Our recent beep mat work has given us proof of concept results at Parbec, this technology will also be used again in the future

Renforth Financing

Renforth has completed a second closing of the previously announced financing with the issuance of 1,400,000 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 2,500,000 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 $207,500. It is anticipated there will be a third and final closing shortly. Funds previously closed are being deployed in the field with our ongoing drill program on the Discovery Veins gold system at New Alger, with both infill and step out drill holes.

About Parbec

Renforth’s wholly owned Parbec Gold Project, in Malartic Quebec, covers approximately 1.8kms of strike of the Cadillac Break, adjacent to the Canadian Malartic open pit gold mine, and hosts an open pit constrained gold resource consisting of both indicated and inferred gold ounces as presented below. Parbec is immediately adjacent to the former East Amphi Mine, which forms the northwestern corner of the Canadian Malartic Mine Propert, also on the Cadillac Break and joined to Parbec. At Parbec Renforth has, in addition to presenting the maiden open pit constrained gold resource associated largely with the Cadillac Break, discovered gold on surface, which ties in with drilled results, in the volcanics to the north of the Cadillac Break and in the “Diorite Splay” in the Pontiac sediments to the south of the Cadillac Break, expanding the mineralization on the property to 3 systems, with the bulk of the work on the property being fairly shallow.

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 in this report 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.

Brian H. Newton P.Geo is a “qualified person” pursuant to the requirements of National Instrument 43-101. He has reviewed and approved the technical information in 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 six wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec Properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. Each of these properties carries an open-pit constrained 43-101 resource. 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. Renforth has acquired the Surimeau property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau hosts polymetallic mineralization and represents the consolication of four historic properties into one for the first time. 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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Aben Commences 2020 Field Program at Forrest Kerr Gold Project

Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the “Aben or the Company”) is pleased to announce that it has established an exploration camp and commenced ground work at the Forrest Kerr Gold Project located in the Golden Triangle region of NW British Columbia.  Initial fieldwork will consist of mapping, prospecting, soil and rock sampling to better define existing targets and generate new targets for a drill program later in the season (permits are currently in place).

Forrest Kerr Project, Golden Triangle, B.C., location map

The initial area of focus will be on the West bank of the Boundary Valley, roughly 500m south of the high-grade mineralized zone at North Boundary. This area is host to a 300m-long corridor of polymetallic mineralization that has returned gold grades ranging from 10.0 to 43.4 g/t Au (grams per tonne), 29.2 to 46.0 g/t Ag and 1.3 to 4.6% Cu in multiple rock samples from outcrop. Drillhole FK19-53 intersected a mineralized horizon located 110m directly below these surface samples that averaged 1.2 g/t Au, 2.4 g/t Ag and 0.3 % Cu over 19.0m, illustrating the continuity of mineralization over significant vertical extent. The Au-Ag-Cu mineralization and alteration seen in Drillhole FK19-53 core closely resembles mineralization previously discovered by Aben at North Boundary:

NORTH BOUNDARY HIGH-GRADE ZONE

  • 38.7 g/t Au over 10.0m from 114.0-124.0m including 331.0 g/t Au over 1.0m from Hole FK18-10. Also 22.0 g/t Au, 22.4 g/t Ag over 4.0m from 84.0-88.0m
  • 6.7 g/t Au, 6.4 g/t Ag and 0.9% Cu over 10.0m, including 18.9 g/t Au, 16.6 g/t Ag and 2.2% Cu over 3.0m in Hole FK17-04
  • 21.5 g/t Au, 28.5 g/t Ag and 3.1% Cu over 6.0m from Hole FK17-05

Of note, this mineralized corridor is located West of the Nelson Creek fault, previously thought to cut off the polymetallic mineralization found East of the Nelson Creek fault at North Boundary. A large and untested magnetic anomaly is located 190m west of the mineralized trend in a scree-covered area with little outcrop present. The coincident magnetic anomaly combined with the confirmed precious metal mineralization in both outcrop and drill core from this area make for a compelling target that will be further explored during this season.

Proposed Exploration and Drill Targets

Jim Pettit, President and CEO of Aben Resources states; “We are pleased to be back up at the Forrest Kerr Project for another season of exploration. We have utilized the off season to work up some very site-specific targets based on detailed drill analytics, surface sampling, and geophysical analysis from the past 3 years.  The initial work this year will involve ground truthing the targets selected before drilling later in the summer. As stated in this news release, we will start in an area that has an abundance of high-grade surface and outcrop mineralization that is coincidental with down-hole mineralization directly below the surface samples. This is basically the process we used to discover the high-grade gold zone at North Boundary.”

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 to date by Aben. 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.

Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.

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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GR Silver: Great Drill Holes at the Plomosas Silver Project, Mexico

The junior resource world runs on “news”. The most valuable news a company can bring to the market is drill results. Ideally, drill results which disclose good grades over broad intervals. The problem most juniors face is that drilling is expensive: hundreds of dollars a meter. And it is time-consuming as the core has to be split and sent to the lab for analysis.

When CEO Marcio Fonseca’s GR Silver Mining (V.GRSL) announced that it was buying 100% of the Plomosas Silver Project from First Majestic (T.FR) in exchange for GRSL shares and a small cash payment Fonseca stated, “The incorporation of this Project’s extensive database, together with knowledge gained during the last two years exploring, drilling, and expanding the resource at the nearby San Marcial Project, provides superb vectors  to achieve new discoveries of high-grade Ag-Au  Multiple Veins on the Plomosas Project.”

What many people missed, though it was right in the press release, was just what that database contained, namely over 500 recent and historical drill holes which represented a substantial fraction of the $18 million US which had been invested in the Plomosas project from 2007 to 2019. And here’s the key thing, none of those holes had been reported.

“Big companies like First Majestic don’t really publish drill results,” said Fonseca in a phone interview. “But these holes have real value, they are real results and have proved the presence of potential multiple discoveries.”

500 drill holes in six areas which have never been reported give GRSL press release material for a long time, and the company has released only approximately 100 holes. “We want to tell the story,” said Fonseca. “We want the news flow but we have to go through a process to validate the results. We need to confirm the location, confirm a chain of custody, look at the reports, the logs and core for each hole.”

Once a group of holes have been verified, GRSL can release the results and its interpretation of those results as it did July 20, 2020 GR Silver Mining Announces Extension to the Plomosas Vein and Reports High-Grade Silver Drill Results. The headline results were outstanding including 1,112 gpt AgEq1 over 5.4m (1,096 gpt Ag, 0.3% Pb and 0.2% Zn) including 2,498 gpt AgEq over 2.0m (2,484 gpt Ag, 0.7% Pb and 0.3% Zn). However, from an investor’s perspective, this passage may be the most important, “The drill holes in this news release were generated by a drill campaign completed by First Majestic Silver Corp. (“First Majestic”) in 2017 (PLI17-08), and historical drill holes completed by Grupo Mexico. Both drill sets were not previously released.” Another release came out July 24, reporting more, previously unreleased, drill holes.

Not one of the 22 holes reported in the release cost GRSL any money to drill. The company has literally hundreds of these holes to verify and release. “This gives us huge leverage,” said Fonseca. “100,000 meters.”

The prior work on the site also gives GRSL’s experienced site geologists a lot to work with. “There are six areas where there an average of 100 holes; but there are eleven additional targets which GR Silver is already planning to drill. We have one drill on site now with two more coming,” said Fonseca. Most of the proposed drilling will be quite shallow, less than 200 meters, making it easier to move drill rigs around, and will focus on delineating the vein systems and their controls as well as adding ounces.

“By the end of the year or early Q1/2021 we want to have the first-ever 43-101 compliant resource estimate on at least one area,” said Fonseca. “Having just completed a successful oversubscribed Bought Deal (CAD$9.1m), which included First Majestic investing $1.0m, makes GR Silver Mining a very particular story. Not many companies in this market cap would have a bought deal offer presented to them. These funds strength the company’s financial positions making it fully funded for the next two to three years.”

COVID has not been a significant factor for GRSL. “We’ve had no COVID shutdown,” said Fonseca. “While I have had to stop visiting Mexico, all our key people speak Spanish and we can stay in touch. All our employees are locals or live nearby limiting the flow of external personnel to the site.”

With plenty of cash on hand, a mountain of unreleased results to verify and release, plus three drill rigs expanding the footprint of mineralization or discovering new high-grade veins, there is very little question that GRSL is exceptionally well-positioned for growth. The recent romp in the price of silver – over $24.00 USD an ounce as I write – it is not surprising that GRSL’s share price has surged in the last few weeks. May 1 the shares were trading at $0.30 a share, at the close on July 24, GRSL traded at $0.85 on a volume of 1.933 million shares.

Fonseca’s GRSL has caught the market’s attention as a well run, well funded, resource expansion, discoveries and development stage company with control of a highly prospective silver-gold district. If silver holds its gains or runs higher, there is no reason why GRSL cannot break through the $1.00 mark in short order. And beyond.

(Note #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.)

(Disclosure: I, Jay Currie, own GRSL and have a buy order in for the open on July 26, 2020.)

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GR Silver Mining Reports High-Grade Silver Drill Results From the San Juan Area, Plomosas Silver Project


  • 1,181 gpt AgEq1 over 3.1m (846 gpt Ag, 0.8 gpt Au, 2.7% Pb and 6.0% Zn) includes 3,224 gpt AgEq over 1.1m (2,300 gpt Ag, 2.1 gpt Au, 7.6% Pb and 16.3% Zn)
  • 1,120 gpt AgEq over 2.7m (931 gpt Ag, 0.1 gpt Au, 1.9% Pb and 4.0% Zn) includes 1,566 gpt AgEq over 1.4m (1,478 gpt Ag, 1.3% Pb and 1.6% Zn)
  • 755 gpt AgEq over 3.5m (737 gpt Ag, 0.1 gpt Au, 0.1% Pb and 0.3% Zn)
  • 720 gpt AgEq over 4.8m (563 gpt Ag, 0.3 gpt Au, 1.6% Pb and 2.7% Zn)

VANCOUVER, BCJuly 24, 2020 /CNW/ – GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report high-grade drill results from the San Juan-La Colorada Area at its 100%-owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico.

These drill results highlight continuity of high-grade silver mineralized zones in a 100 m step out from a previously released section of drill hole results at the San Juan Area (Figure 1). These latest results define a mineralized strike length for the the low sulphidation epithermal system of up to 1,000 m (see News Release dated July 7, 2020). This news release features results from 17 diamond core holes drilled by previous companies and not previously released. The cross section containing these results establishes a high-grade continuous zone of Ag-rich polymetallic breccia, along a shallow dipping fault for approximately 400 m down dip. In addition, the drill results continue to confirm silver-gold mineralized zones hosted by multiple high angle faults (link to cross section).

The results of the 17 drill holes indicate the possible extension of the San Juan-La Colorada Area towards the San Francisco Area to the south, supporting the presence of a much larger low sulphidation epithermal Ag-Au rich system (Figure 2).

The mineralized veins and hydthermal breccias appear to be proximal to each other in subparallel structures, a feature typical of low sulphidation epithermal systems. The concentration of multiple veins, in combination with increased continuity along strike and down-dip, represents an attractive target for future resource delineation.

_____________________________

1AgEq 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.

GR Silver Mining President and CEO, Marcio Fonseca, commented, “The Company has prioritized the validation of the drill holes at the San Juan-La Colorada Area, focusing on expansion of mineralization along strike and down-dip. These latest results confirm high-grade mineralization extending to the S towards the San Francisco Area, suggesting potential to outline a large low sulphidation epithermal system with at least a 1000 m strike length”.

The Company is advancing the rehabilitation of the historical San Juan underground workings, while continuing with geological and structural mapping/sampling. An improved understanding of the mineralized systems, which consists of a set of multiple structures hosting high-grade Ag-Au mineralization, has resulted in the definition of new drill targets. Detailed mapping by GR Silver Mining has identified down plunge extensions of previously released high-grade silver intercepts in polymetallic hydrothermal breccia (see news release dated April 2, 2020). In the lower levels of the historically developed San Juan workings, massive argentite, galena and sphalerite zones have been mapped similar to the previously released high-grade silver zones which included results such as 0.4 m at 4,698 g/t Ag and 0.2 m at 6,128 g/t Ag.

Table 1 summarizes the most significant drill assay results for this set of 17 drill holes released for the San Juan-La Colorada Area.

Table 1: Summary Surface Drill Hole Results – News Release July 27, 2020 (San Juan-La Colorada Area)

Hole No.

From
(m)

To
 (m)

Drilled
width
(m)

Est.
true
width
(m)

Ag g/t

Ag g/t

Pb %

Zn %

AgEq
g/t

 LRD-28

38.9

43.7

4.8

3.8

563

0.3

1.6

2.7

720

 LRD-29

218.8

225.0

6.2

5.0

144

0.0

0.3

0.8

177

 LRD-41

37.3

39.4

2.1

1.7

42

0.2

0.8

2.4

152

 LRD-59

71.2

74.3

3.1

2.5

846

0.8

2.7

6.0

1,181

includes

71.2

72.3

1.1

0.9

2,300

2.1

7.6

16.3

3,224

 LRD-62

58.9

60.1

1.2

1.0

91

0.4

3.8

5.8

425

 LRD-65

50.5

51.7

1.2

1.0

178

1.3

3.9

12.5

784

 LR2D-01

94.8

96.1

1.3

1.0

342

0.0

1.4

1.7

438

 SJS-06

245.0

249.1

4.1

3.3

335

0.1

0.1

0.2

347

includes

248.6

249.1

0.5

0.4

2,154

0.1

0.2

0.3

2,178

251.5

252.9

1.4

1.1

110

0.1

0.1

0.1

125

 SJS-09

301.1

308.1

7.0

5.6

363

0.1

0.8

1.9

457

includes

301.1

303.8

2.7

2.1

931

0.1

1.9

4.0

1,120

includes

301.1

302.5

1.4

1.1

1,478

    na

1.3

1.6

1,566

 SJS-10

287.1

300.5

13.4

10.7

226

0.0

0.3

0.3

247

includes

295.9

299.4

3.5

2.8

737

0.1

0.1

0.2

755

 SJS-14

339.3

347.4

8.1

6.5

16

0.3

0.9

2.8

150

 SJS18-04

283.6

287.5

3.9

3.1

262

0.1

0.7

2.6

366

291.5

292.3

0.8

0.7

193

0.0

0.2

0.4

213

314.4

314.8

0.4

0.3

96

0.1

2.8

3.9

312

 SJS18-13

4.3

6.5

2.2

1.7

65

0.9

0.1

0.0

160

23.9

24.3

0.4

0.3

158

1.1

0.2

0.4

291

 SJS-19

257.8

261.2

3.4

2.8

141

0.0

0.3

0.7

171

includes

257.8

259.4

1.6

1.3

271

0.0

0.5

1.1

318

278.8

279.9

1.1

0.9

254

0.0

0.2

0.5

274

 SJS-21

221.2

223.3

2.1

1.7

105

0.6

0.3

0.4

184

 SJS-25

301.6

305.2

3.6

2.9

50

0.1

1.8

4.6

248

includes

301.6

303.4

1.8

1.5

92

0.1

3.2

8.5

449

SJS-27

297.1

298.8

1.7

1.3

90

0.0

0.5

1.0

135

*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. UG: Underground Drill Hole, SURF: Surface Drill Hole

The 17 drill holes in this news release were generated by a core drilling campaign completed by First Majestic Silver Corp. (“First Majestic”) in 2018 (SJS18-04 and -13), and historical drill holes completed by Grupo Mexico. Neither of the drill sets were previously released. They are part of an extensive surface and underground diamond core drilling database, which GR Silver Mining continues to consolidate and validate.

Table 2 lists the drill hole intervals previously not sampled (“NS”) for this group of released holes. The Company continues investigating previous unsampled intervals for evidence of mineralization in the core that warrants additional sampling and assaying. The Company recently announced a core drilling program at the Plomosas Silver Project (see news release dated July 15, 2020).

Additionally, 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

SJS17-13

0-173.95

NS

SJS17-13

191.35-218.5

NS

SJS17-13

233.55-331.7

NS

SJS17-15

0-197.9

NS

SJS17-15

208.25-253.4

NS

SJS18-04

0-270.75

NS

SJS18-04

317.95-375.55

NS

SJS18-12

48.2-82.5

NS

SJS18-12

113.4-145.0

NS

SJS18-13

33.0-64.75

NS

SJS18-13

129.0-186.3

NS

SJS18-13

191.3-247.5

NS

SJS18-13

249.6-282.0

NS

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

Table 3: Drill Hole Locations – News Release July 27, 2020 (San Juan- La Colorada Area)

Hole No.

East (m)

North (m)

RL (m)

Az.

Dip

Depth (m)

LR2D-01

448267

2550579

925

260

-90

192

LRD-28

448224

2550545

910

0

-90

44

LRD-29

448361

2550615

986

0

-90

234

LRD-41

448242

2550510

908

0

-90

43

LRD-59

448247

2550574

918

0

-90

81

LRD-62

448262

2550514

917

0

-90

78

LRD-65

448262

2550514

917

262

-62

57

SJS-06

448414

2550668

1025

0

-90

291

SJS-09

448520

2550764

1013

50

-65

333

SJS-10

448486

2550738

1032

256

-55

321

SJS-14

448520

2550764

1013

227

-80

352

SJS18-04

448426

2550707

1043

227

-80

376

SJS18-13

448517

2550752

1002

220

-78

357

SJS-19

448402

2550653

1018

326

-81

319

SJS-21

448402

2550652

1017

317

-73

310

SJS-25

448458

2550693

1031

207

-77

328

SJS-27

448516

2550721

1013

225

-69

325

All numbers are rounded.

The Company believes that the San Juan-La Colorada Area is similar to the Plomosas Mine Area, consisting of Ag mineralization hosted in polymetallic hydrothermal breccias and steep angle Ag-Au rich low sulphidation epithermal veins, commonly displaying argentite, galena and sphalerite that can be observed in the drill core .

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. GR Silver Mining has not received information related to the Grupo Mexico QA/QC and assay protocols and at this stage is considering the information historic for news release purposes.

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, 16 new exploration targets from which 11 have high priority for future exploration programs.

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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Exploration Resumes on Renforth’s Copper/Silver Discovery at Malartic West

Renforth Resources Inc. (CSE:RFR)(OTC:RFHRF) (WKN:A2H9TN) (“Renforth” or the “Company”) would like shareholders to know that exploration on the Beaupré Copper/Silver Discovery on our wholly owned Malartic West Property, contiguous to the Canadian Malartic Mine Property in Malartic, Quebec, has resumed.

“Renforth has a copper/silver discovery which extends over 165m in surface sampling, which is a true discovery, there is no historical record. The strike length is entirely open and it has never been drilled. It is next door to Canada’s largest open pit gold mine, in an established mining camp, literally right beside a logging road a couple of kms. off of a regional road. We do not know why this mineralization is there yet, or the extent of the copper and silver system, but we do know these rocks, in this location, with copper and silver prices rising, deserve additional exploration. So that is what we will do,” states Nicole Brewster, President and CEO of Renforth.

Beaupré Copper/Silver Discovery Summary

Beaupré was first sampled by SOQUEM, 6 grab samples were taken, the results as follows;

SampleUTM EUTM NCu ppmCu %Au g/tAg g/t
B00089335702317534060893.5<0.005<0.02
B00089336702317534060912.6<0.005<0.02
B000893377023175340610131001.31<0.0052.45
B00089340702318534060926.3<0.005<0.02
B000893417023195340610808008.080.018.43
B000893427023205340610211002.110.013.56

(refer to press release of Sept. 4, 2019)

Renforth, in the summer of 2019, confirmed the presence of copper and silver mineralization at Beaupré with results that included the following;

SampleDescAg
g/t
Cu
g/t
Cu %
369110Weakly silicified arkose, ~5mm quartz stockwork, ~5% pyrite clots6.6235903.59
2427494Quartz + very coarse chalcopyrite clots, tight dissemination of fine pyrite (~5% sulphide total)5.7325502.55
2427495Weakly silicified arkose with irreg. quartz-carbonate stockwork, occasional very coarse chalcopyrite clots:1.758200.82

(refer to press release Oct. 31, 2019)

Fall 2019 work, which extended the copper/silver mineralization to a surface strike length of 165m, ended due to weather, with mapping of the ground which was stripped unable to be completed due to early snow cover. Grab sample results obtained included;

SampleDescAg g/tCu
g/t
Cu %
B564976Blast pit rubble: quartz-carbonate stkwk in silicified sediments, 5% coarse pyrite clots, poss. bornite flake5.4689500.895
B564977blast pit rubble: quartz-carbonate stkwk in silicified sediments, 1% coarse pyrite, 1% coarse chalcopyrite clots3.0463900.639
B564993rusty quartz stockwork in chloritic host, 2% chalcopyrite stringers8.3187500.875
B564994rubble from blast pit. Quartz ~5cm thick + stkwk in greywacke. Very coarse pyrite+pyrrhotite clots1.7588900.889

(refer to press release of Dec. 11, 2019)

Additional Exploration Updates

Renforth has completed the previously announced blasting program on our New Alger Property and the Discovery Veins surface gold mineralization, stripped over 275m within a known 500m strike length in the Pontiac sediments, which is still open. Renforth is now drilling on the Discovery Veins, within and outside of the stripped area. The drill program will continue under the supervision of one geologist, with a second geologist undertaking the renewed exploration at Beaupré.

In addition, Renforth is awaiting assay results from our June 2020 Beep Mat/Prospecting work which included sampling on our Parbec gold property and our Surimeau polymetallic property.

Brian H. Newton P.Geo is a “qualified person” pursuant to the requirements of National Instrument 43-101. He has reviewed and approved the technical information in 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 six wholly owned surface gold bearing properties located in the Provinces of Quebec and Ontario, Canada.

In Quebec Renforth holds the New Alger and Parbec Properties, in the Cadillac and Malartic gold camps respectively, with gold present at surface and to some depth, located on the Cadillac Break. Each of these properties carries an open-pit constrained 43-101 resource. 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. Renforth has acquired the Surimeau property, also contiguous to Canadian Malartic and the southern border of the Malartic West property. Surimeau hosts polymetallic mineralization and represents the consolication of four historic properties into one for the first time. 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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Aben Resources: Looking for Size in BC’s Golden Triangle

British Columbia’s Golden triangle, in the north west of the province, is a hugely prospective area. But, as Jim Petit of Aben Resources (V.ABN) knows all too well, it presents challenges.

“This year the snow pack crushed our core shack,” said Petit. “We’re right in the coastal mountains at around 6000 feet. We see twenty feet of snow.”

The snow has finally melted and Aben has sent in a crew of geologists to do basic geology and identify drill targets for a drilling program at its Forrest Kerr project starting later this summer. But first they have to build the camp.

“Forrest Kerr is helicopter driven,” said Petit. “We’ve had to adjust to the COVID rules. So, we have sent in four geos who will stay up on the property mapping, sampling, and prospecting. They’ll stay up there for the season rather than coming down to the camp by the highway.”

In prior years, Aben’s people would fly in and out daily. But it is essentially impossible to keep social distance in helicopters so staying on site was pretty much the only way the work program could happen. “We’re permitted up top for eight people,” said Petit. “We’ll have the camp builders in and rebuild the core shack for the Geo’s quarters and get ready for the drillers later in the summer.”

“Aben has drilled over 20,000 meters in the Forrest Kerr valley. Drilling at the North boundary produced spectacular high-grade gold results. But, for the exception of the 3 South boundary holes, that drilling was primarily on the east side of the valley. Last year the drilling headed south and carried on 500 meters south of the South Boundary holes.  The drills hit the same sort of mineralization as South Boundary. Not as high grade as North Boundary, but extensive low grade starting at surface.  This new zone to the south appears to be an extension of South Boundary along what we now call the Benchland Fault.”

“Now we want to drill in between,” said Petit. “We have a whole new fault and we want to see if it connects. The mineralization is all very shallow and it could be a big system. We’re finding gold, silver and a little copper.”

Last year Aben did a large airborne survey of the property which revealed large structural anomalies. The challenge is that much of the property is covered in scree, the rocks and boulders which come down from the mountains surrounding the valley.

“We have a couple of kilometers of strike,” said Petit. “And we have pads where we could drill under the scree.”

“We’ll have targets identified in the later part of August,” said Petit. “We are identifying really good targets.”

“We bring the drill in by helicopter,” said Petit. The great advantage the Forrest Kerr property has is that none of the drill holes need to be very deep to prove up the property’s potential. Petit is looking at a drill program of around 2000 meters all targeted to test Aben’s theory that this is a large, connected system, controlled by the faults which run north-south and intersect northeast-southwest trending faults.

One thing which will guide the drill is the fact Aben has seen potassic alteration in the samples and core it has recovered so far in the North Boundary Zone. Such alteration suggests that the heat source which created the conditions for the mineralization maybe nearby.

Petit realizes that, prospective as Forrest Kerr is, the four-month season is a challenge in the news driven junior resource market. Which leads him to another, more or less, year-round project in northern Saskatchewan.

“We were there a couple of years ago and the First Nations trappers had some problems,” said Petit diplomatically. It was complicated.

“Now they appear to want us back,” said Petit. The Chico property is a piece of a green stone belt, the Tabbernor Fault which is a 1500 km long regional structure which has been traced from as far north as the Rabbit Lake uranium mine in northern Saskatchewan to as far south as the Black Hills of South Dakota, the latter of which hosts the 40M oz Homestake gold deposit. It is located to the Northwest of Flin Flon and is 40 km south of SSR Mining’s (formerly Silver Standard Resources) Seabee / Santoy mine complex.

Work to date on Chico has included geophysical surveys, geological mapping and recent soil sample coverage which included numerous highly anomalous samples ranging up to 4.5 g/t gold. A number of high-priority drill targets have been identified.

While it is certainly cold at Chico in the winter, there is not 20 feet of snow so drilling operations can be undertaken. This second project means that Aben will be able to use its resources year-round.

Looking at the stock market overall and at the junior precious metals market specifically, Petit is optimistic. “The Fed’s printing press have been turned on high which means that the general stock market is getting over valued,” said Petit.

“If you look at precious metals, not enough mines have been opened. A lot of supply has not happened,” said Petit. “I think gold will be going much higher. I’m very bullish.”

Petit understands the junior resource market’s need for news. There will be results from the Forrest Kerr drilling in early fall. While there will not be all that many total meters drilled, because the mineralization appears to start at surface, there will be a lot of shallow holes which will give Aben a much better idea of the structure of the deposit. Then, if all goes as planned, there should be drilling and results from the Chico property later in the year and into 2021.

Aben, just closed a private placement and, with cash in the bank, is trading around $0.125. A few good holes in the Golden Triangle and that price could very easily triple. Especially in a bull market for gold juniors.

 

 

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Aben Receives TSXV Approval to Amend Share Purchase Warrants

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that, further to its July 17, 2020 news release, it has received approval from the TSX Venture Exchange (“TSXV“) to amend the exercise price and expiry date of common share purchase warrants (each, a “Warrant“) previously issued in connection with its non-brokered private placement of units of the Company that closed on August 21, 2018.

Each Warrant initially entitled the holder to purchase one common share of the Company at a price of $0.45 per common share until August 21, 2020. The Warrants have been amended as follows:

Date of issuanceNumber of warrantsAmended exercise priceAmended expiry date
August 21, 201814,264,967$0.39August 21, 2021

The Company will not be sending out new warrant certificates unless requested by the holder.

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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GR Silver Mining Announces Extension to the Plomosas Vein and Reports High-Grade Silver Drill Results

GR Silver Mining Ltd. (TSXV: GRSL), (FRANKFURT: GPE), (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report drill results at its 100%-owned Plomosas Silver Project (“Plomosas Project”), Plomosas Mine Area, in Sinaloa, Mexico.

These drill results highlight high-grade silver mineralized zones in a 50 m step out from a previously released section of drill hole results at the Plomosas Mine Area (Figure 1) (see News Release dated May 13, 2020). They confirm continuity of the silver mineralized system for at least 500 m along strike. They also extend the continuity of both mineralization styles, Ag-Au low sulphidation epithermal veins and polymetallic high-grade Ag-Pb-Zn hydrothermal breccias, up to 700 m down dip below the surface (Figure 2).

The drill results confirm the prospectivity of near surface, multiple veins and hydrothermal breccia systems close to existing underground development, which will facilitate access for follow up in our upcoming drill program. Significantly, these drill holes also indicate the discovery of multiple subparallel mineralized systems below the current footwall of previously mined areas.

A large epithermal system is evident based on the most recently released set of drill results. The Company has initiated a shallow (100-150 m depth) surface drilling program aiming to confirm the mineralization footprint and the new high-grade vein discoveries along strike and down dip.

GR Silver Mining President and CEO, Marcio Fonseca, commented“The mineralized veins and hydrothermal breccias at the Plomosas Mine Area were originally interpreted to be confined only along the major Plomosas Fault, however our recent validation and integration of all drill results, underground structural mapping and sampling, supports the occurrence of additional mineralized veins outside of that major structure.

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.

These results illustrate the potential to expand Ag-Au mineralization along strike and down-dip, creating a much larger mineralized footprint for future resource estimation. Some of our recently released results are particularly impressive, not only for the thickness of the mineralization but also average grade, reporting intervals of 11.0 m at 1,235 gpt Ag and 5.4 m at 1,096 gpt Ag including 2.0 m @ 2,484 gpt Ag. The recent progress of the surface and underground exploration program suggests that these high-grade veins extend and are open down plunge. With further success, we anticipate that the high-grade multi-vein mineralization in the Plomosas Mine Area will add additional mineralized zones for future resource delineation”.

Table 1 summarizes the most significant drill assay results for this group of holes released for the Plomosas Mine Area.

Table 1: Summary Drill Hole Results – News Release July 20, 2020 (Plomosas Mine Area)

Hole No.

Hole Type

From (m)

To (m)

Drilled width (m)

Est. true width (m)

Ag g/t

Au g/t

Pb %

Zn %

AgEq g/t

SD-14

SURF

102.0

105.4

3.4

2.8

123

 na

 na

0.1

SD-17

SURF

81.0

84.7

3.7

3.5

169

 na

 na

0.1

SD-17

SURF

93.4

107.4

14.0

13.2

239

 na

0.1

0.3

252

includes

98.7

105.3

6.6

6.2

362

 na

0.2

0.5

SD-20

SURF

93.3

126.4

33.1

32.6

35

 na

0.1

0.2

SD-39

SURF

79.0

84.4

5.4

4.4

161

 na

 na

0.1

168

SD-39

SURF

96.3

98.8

2.5

2

928

 na

0.1

0.2

935

SD-40

SURF

101.5

112.4

10.9

10.7

84

 na

0.1

0.2

SD-41

SURF

61.1

65.7

4.6

4.6

39

0.1

0.1

0.2

SD-43

SURF

106.0

111.4

5.4

2.7

1,096

 na

0.3

0.2

1,112

includes

106.0

108.0

2.0

1

2,484

 na

0.7

0.3

2,498

SD-43

SURF

118.0

123.0

5.0

2.5

234

 na

0.0

0.1

240

SD-55

SURF

173.0

175.3

2.3

1.6

19

 na

1.7

5.3

SD-79

SURF

205.8

213.7

7.9

5.1

6

 na

0.6

0.7

117

UG

6.3

9.3

3.0

1.3

191

 na

1.1

0.9

254

117

UG

20.5

21.4

0.9

0.4

375

 na

3.0

2.1

536

277-IM

UG

26.5

30.5

4.0

3.1

103

0.1

0.8

1.4

172

 279-IM

UG

25.3

38.3

13.0

10

328

0.2

0.5

1.2

397

281

UG

8.0

11.0

3.0

3

16

0.3

1.2

2.9

281

UG

14.0

18.0

4.0

4

27

0.2

1.4

3.8

281

UG

44.0

48.0

4.0

4

12

0.1

1.6

2.7

282

UG

2.0

4.0

2.0

1.9

20

0.4

1.9

5.0

282

UG

6.0

8.0

2.0

1.9

50

3.8

1.9

9.0

745

283

UG

14.0

20.0

6.0

3

18

0.8

2.1

6.6

283

UG

78.0

80.0

2.0

1

185

0.8

1.5

2.1

377

284

UG

38.5

40.5

2.0

2

18

0.2

5.9

3.2

286

UG

103.0

105.0

2.0

2

4

0.1

0.1

2.4

287

UG

96.0

101.0

5.0

4.8

7

0.2

1.9

1.9

288

UG

76.8

80.8

4.0

3.5

9

0.4

0.5

2.7

294

UG

51.7

52.7

1.0

0.6

18

0.2

0.6

3.0

PLI17-18

UG

51.9

55.3

3.4

3.3

15

0.1

0.5

3.4

includes

53.4

53.9

0.5

0.5

59

0.2

2.6

11.3

480

PLI17-18

UG

119.4

124.5

5.1

5

147

0.9

0.1

0.2

244

 *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. UG: Underground Drill Hole, SURF: Surface Drill Hole

The drill holes in this news release were generated by a drill campaign completed by First Majestic Silver Corp. (“First Majestic”) in 2017 (PLI17-08), and historical drill holes completed by Grupo Mexico. Both drill sets were not previously released. They are part of an extensive surface and underground diamond core drilling database, which GR Silver Mining continues to consolidate and validate. The Company recently announced a surface drilling program (see News Release dated July 15, 2020) which aims to expand the mineralization footprint along strike, which will lead to the first 3D geological model and resource estimation at the Plomosas Mine Area.

Table 2 lists the drill hole intervals previously not sampled (“NS”) for this group of released holes. The Company is investigating these intervals for evidence of mineralization in the core that warrants additional sampling and assaying. Additionally, Table 3 provides collar coordinates for the drill holes presented in this news release.

Table 2: Plomosas Mine Area – Drill Hole Intervals Not Sampled (Intervals greater than 20m)

Hole No.

From-To (m)

Sampling

PLI17-18

15.05-45.55

NS

PLI17-18

87.75-115.0

NS

PLI17-18

171.15-209.7

NS

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

Table 3: Drill Hole Locations – News Release July 20, 2020 (Plomosas Mine Area)

Hole No.

East (m)

North (m)

RL (m)

Az.

Dip

Depth (m)

117

451290

2551683

818

270

0

101.5

281

451079

2551741

753

90

-49

98.3

282

451074

2551718

753

0

-90

99.5

283

451095

2551738

752

90

16

84.2

284

451095

2551738

751

90

-42

87.0

286

451050

2551683

752

102

-57

170.1

287

451050

2551683

752

120

-75

149.9

288

451050

2551683

752

180

-83

122.9

294

451050

2551683

752

246

-69

146.6

277-IM

451155

2551658

752

90

0

149.0

279-IM

451155

2551658

753

90

24

76.8

PLI17-18

450939

2551785

751

100

-38

209.7

SD-14

451394

2551708

1043

0

-90

110.5

SD-17

451397

2551731

1034

90

-60

114.9

SD-20

451397

2551731

1034

0

-90

131.4

SD-39

451390

2551738

1037

90

-72

99.8

SD-40

451390

2551738

1037

90

-58

113.2

SD-41

451390

2551738

1037

270

-72

71.2

SD-43

451390

2551738

1037

0

-90

187.6

SD-55

451311

2551761

1032

270

-82

201.8

SD-79

451317

2551716

1050

270

-75

213.7

All numbers are rounded.

The Plomosas Mine Area drill results continue to demonstrate the continuity of higher-grade precious and base metals mineralization along strike, expanding the footprint of the low sulphidation epithermal system for approximately 500 m. The high grades encountered, Ag-Pb-Zn and Ag, occur in an area with multiple deep-rooted fault systems and are confirming the presence of unmined near surface high-grade mineralized zones for upcoming drilling follow-up.

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. GR Silver Mining has not received information related to the Grupo Mexico QA/QC and assay protocols and at this stage is considering the information historic for news release purposes.

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, 16 new exploration targets from which 11 have high priority for future exploration programs.

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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Tocvan Ventures: Doing it Right in Mexico

When you have been in the junior resource company business – as a broker or an investor relations professional – you see a lot of companies which are flawed. Too many shares out, management lining its own pockets, projects which have no real chance. Derek Wood, having worked in various aspects within the Canadian Capital Markets since the early 90s, had seen it all and he decided that he would put together a company and do it right.

“Two years ago Tocvan Ventures (C.TOC),” was created said Wood. “We started with a very advanced qualifying property Rogers Creek in southern BC. A copper-gold porphyry. But porphyries cost a lot of money to drill. They can be worth a lot too. We met our exploration obligation in Year 1 but we are not exploring there this year.”

“We went public with 10 million shares,” said Wood. “Mark Smethurst joined the company and he reviewed over 150 properties.”

The Pilar Gold Property is in the Sonora Gold District in the north-west of Mexico. Sonora was a good place to look for a project: 36.8% of Mexico’s annual gold production comes from the district. And Sonora is the Number One jurisdiction for silver production in the world.

The Pilar Property also had the great advantage of having previously been explored. Over 17,000 meters of drilling had been done over the last twenty-five years, the vast majority of this drilling has been done in two established areas in the northwest part of the property, the Main Zone and the North Hill Zone..  Tocvan believed that there might well be other zones.

“We saw intervals of high grade with values up to 50 grams of gold per ton,” said Wood. “It is an epithermal system which is shallow and at surface.”

Taking a systematic approach to the property, Smethurst and his team mapped, applied geophysics and soil and rock sampled. “We were able to indicate a second, parallel, high-grade zone,” said  Smethurst. “The new zone is more about silver than gold and we’ve sampled pockets of more than 300 gpt silver.”

Smethurst described walking the property. “We were on the property for the first time in November,” said Smethurst. “We were finding over 200 gpt silver in rock samples and we were looking at rock outcrops. I walked over to an outcrop and realized that the whole outcrop was part of an epithermal boiling zone. What happens is that the hot, mineral bearing, fluids rise up out of the earth and hit the cool descending surface waters. The mixing of the fluids is the boiling zone and the minerals are deposited out over hundreds of meters.”

Using the data from past drilling, new soil and rock sampling and mapping, Smethurst and his team identified two new zones at the opposite end of the property from the Main Zone. These new discoveries are to the east and to the south of the property. The older data was turned into a 3D model of the property which gives Tocvan the ability to do less drilling and get more ounces. The overall system is fault controlled.”

Wood also realizes the importance of infrastructure for a mining project. “We can drive into the property. There is a local source of water and there is power nearby. Plus there is lots of manpower both in a town nearby and a few miles further in Hermosillo.”

It is early days on the Pilar property, but the scale of Wood and Smethurst’s ambition reminds me of the Minera Alamos’ Santana project also located in Sonora. Essentially, Santana has a large quantity of heap leachable material very close to surface, so, it appears, does the Pilar property.

To begin to understand just how much mineralization Pilar contains, Touvan plans to start drilling the targets it has identified in the fall, COVID permitting. Meanwhile they are doing the metallurgy and are looking at a big bulk sample. One advantage of Mexico is that permitting is much faster than in Canada.

With COVID in play, Smethurst is running the operation from the living room of his home. “Mexico is a great country to work in,” said Wood. “We have great human resources and we’re able to get local people to work on the project. Even with COVID we are able to keep going.”

For Wood this systematic approach allows Tocvan to position itself in the junior market. “We’re coming out of one of the worst periods the junior markets have ever been through,” said Wood. “There was literally no retail. But now we’re getting a look with stories like Great Bear. Just as importantly, we’re able to reach retail investors through alternative media and the internet. The gold and silver sector overall is attracting interest because, with all of the quantitative easing, people are looking for alternative stores of wealth.”

Tocvan is being carefully positioned to maximize shareholder value with a systematic drill campaign and then a big bulk sample. Because the mineralization begins at surface, Tocvan should be able to move quickly to actually designing and building a mine.

“Doing it right” means keeping costs low and timelines short. It means keeping the market well informed about Tocvan’s progress and drilling news. And, as nearly three decades in the brokerage business, taught Wood, it means advancing the Pillar project with a minimum of stock dilution. Add and emerging bull market for junior gold and silver explorers and Tocvan is on its way.

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