Month: April 2018

Bonterra’s Winter Drill Program Discovers 6th Parallel Gold Zone at the Gladiator Gold Deposit

MotherlodeTV
Bonterra, V.BTR, gold

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the first significant intersections of a new “sixth parallel” gold zone at the Gladiator Gold Deposit. This newly discovered gold zone, located approximately 50 m south of the Barbeau Zone, is parallel to and geologically similar to the other five mineralized zones currently modelled at the expanding deposit. Additional drilling is now underway to test further to the south to intercept and expand this new zone. The ongoing drilling campaign, which will total ~70,000 m in 2018, includes infill and expansion drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending. read more

MGX Minerals and PurLucid Provide Lithium Extraction System Deployment Update; Second Site Agreement Near Completion

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that the Company’s majority owned engineering partner PurLucid Treatment Solutions Inc. (“PurLucid”) is nearing completion of its second commercial-scale contract for deployment of MGX-PurLucid water treatment and lithium extraction systems at petrolithium sites in Alberta. Final assembly, site preparation and deployment are underway for the initial site and installation at both sites is expected to be largely complete by June 2018. Under the agreement MGX remains in control of all lithium and other minerals extracted using the lithium extraction systems. read more

Eloro Resources Provides Update on Phase II Reconnaissance Drilling and Geological Work at the La Victoria Gold/Silver Project, Peru

MotherlodeTV
V.ELO, Eloro Resources, Peru, gold, Tom Larsen

Eloro Resources Ltd. (TSX-V:ELO) (FSE:P2Q) (“Eloro” or the “Corporation”) is pleased to provide an update on planned diamond drilling and geological work at its 90% owned La Victoria Gold/Silver Project in Ancash Department, Peru. EHR Resources Limited of Perth, Australia, is earning up to a 25% interest in La Victoria and has earned a 10% interest with the successful completion of Phase I exploration (see News Release March 1, 2018). read more

Bonterra Extends Gladiator Gold Deposit Further Westward 17.8 g/t Au Intersected over 3.0 Meters

MotherlodeTV
Bonterra, V.BTR, gold

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce the latest results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 17.8 g/t Au over 3.0 m. High-grade intersections extend multiple zones westward, adding strike length at the Rivage Gap and continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending. read more

MGX Minerals Announces Intent to List Zinc-Air Fuel Cell Division; Issue Dividend to Shareholders

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce its intention to publicly list its wholly owned subsidiary ZincNyx Energy Solutions Inc. (“ZincNyx”) and pay a partial share dividend of ZincNyx directly to MGX shareholders of record. The planned result will be a separate publicly-traded company (the “Transaction”) primarily owned by MGX and its shareholders of record. The Transaction is aimed at realizing the full value of ZincNyx and the unique opportunity of replacing or augmenting diesel generators globally with zinc-air mass storage systems in addition to backup and load balancing applications. The opportunity to replace marine diesel engines with electric engines and zinc-air fuel cells is now being evaluated due to the ability to refuel the systems in a method similar to traditional refueling, from onshore refueling tanks, but using the environmentally benign charged zinc electrolyte. read more

Millennial Lithium Corp. Begins Trading on the OTCQX Best Market

MotherlodeTV
V.ML, Millenial Lithium, lithium, Argentina

Millennial Lithium Corp. (TSXV:ML) (OTCQX: MLNLF) (“Millennial” or the “Company”) is pleased to announce that the Company has qualified to trade on the OTCQX Best Market, operated by OTC Markets Group Inc. As of market open April 3, 2018, Millennial will begin trading on OTCQX under the symbol “MLNLF” and will continue to trade on the Toronto Venture Exchange under the symbol “ML” read more

Millennial Lithium: Moving to Lithium Off Take in Argentina

JayCurrie
V.ML, Millennial Lithium, lithium, Argentina, Farhad Abasov

One of the extraordinary aspects of Canada’s junior mining sector is just how international it actually is. Millennial Lithium (V.ML) is headquartered in Vancouver, is advancing two lithium projects in Salta province in Argentina but its CEO, Farhad Abasov is based much closer to the lithium markets in China. Abasov’s last project, Allana Potash Corp, was a deposit in Ethiopia which was eventually sold to Israel Chemicals (ICL) for $170M in 2015. read more