Year: 2018

MGX Announces Drilling at Kibby Basin, Nevada Lithium Brine Project

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that drilling has  commenced at the Kibby Basin, Nevada lithium brine property (“Kibby Basin” or the “Property”). The drill program is being conducted by Harris Exploration Drilling & Associates Inc. (“Harris”). Harris has extensive experience drilling Clayton Valley lithium brines.  Clayton Valley is the home of Abermarle’s Silver Peak Mine, the only US lithium producer and is located 50km to the South of the Kibby Basin. Eight drill targets were generated based on results from a Quantec MT geophysical survey completed in January. The proposed drill holes are designed to test a large MT conductor which may represent aquifers containing lithium brines. The drill holes have been designed to intercept the MT anomaly starting at depths of 325 m (1065 ft.) and continue to as deep as 760 m (2500 ft.). The objective is to determine the nature of the conductor, collect sediment samples for lithium analyses, identify aquifers and sample water and any brines encountered. read more

Bayhorse Silver Accesses additional 1,500 feet of 1984 Historical Workings, Bayhorse Silver Mine, Oregon, USA.

JayCurrie
Bayhorse silver, V.BHS

August 1, 2018 Bayhorse Silver Inc. BHS: TSX-V (the “Company” or “Bayhorse“) is pleased to report it has completed the examination of the historical underground 1984 mine workings silver zone at the Bayhorse Silver Mine, as reported in the Company’s news release, BHS2018-21.  The Company has now accessed all the workings within the silver-copper mineralized zone at the Mine. read more

Ascendant Resources Acquires Interest and Option in the Highly Prospective Lagoa Salgada VMS Project Located on the Prolific Iberian Pyrite Belt in Portugal

MotherlodeTV
  • Low-cost entry to a significant high-grade VMS polymetallic deposit within reach of mineable scale in the Iberian Pyrite Belt along trend from the transformational Neves Corvo (Lundin) and Aguas Tenidas (Trafigura) mines and Aljustrel (private)
  • NI 43-101 Indicated Resource of 5.8 million tonnes at 8.88% ZnEq and 2.0 million tonnes of Inferred Resources at 7.82% ZnEq at the LS-1 Deposit and 2.2 million tonnes at 4.80% ZnEq at the LS-1 Central Deposit (see below)
  • Immediately accretive to Ascendant’s ZnEq metal exposure with significant and rapid expansion anticipated through the commencement of a low-cost drill program
  • Exemplifies Ascendant’s ability to identify unique high-impact mineral opportunities

TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) — Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) (“Ascendant” or the “Company”) is pleased to announce that it has acquired from TH Crestgate GMBH  (“Crestgate”) a 25% interest in Redcorp – Empreendimentos Mineiros, Lda, (“Redcorp”), which holds an 85% interest in the polymetallic Lagoa Salgada volcanic massive sulphide (“VMS”) Project ( “Lagoa” of the “Project”)  located within the prolific Iberian Pyrite Belt in Portugal and has an additional option to earn up to an 80% interest in Redcorp upon completion of the milestones highlighted below. read more

Goldplay Intercepts 77.5 m @ 0.43 g/t Au at El Habal

MotherlodeTV
V.GPLY, Goldplay Exploration, gold
Figure 1: Drill Hole Location Map (CNW Group/Goldplay Exploration Ltd)

Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF – the “Company” or “Goldplay”) is pleased to announce initial results of four drill holes of the Company’s first phase of its core drilling program, at its 100%-owned El Habal Project, Sinaloa, Mexico. The program has successfully identified near-surface continuity of gold mineralization. Four drill holes were completed at El Habal, totaling 1045.85 meters. Highlights include: read more

MGX Announces Engagement of Hatch Engineering for Scale Up of Rapid Lithium Extraction Plants

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce the engagement of Hatch Ltd. to advise MGX on the scaling of the Company’s rapid lithium extraction technology in the Western United States. Hatch will provide strategic review and recommendations to implement large-scale application of the technology, including: read more

Goldplay: “Is this a mine?”

JayCurrie
Goldplay (V.GPLY): “Is this a mine?”

People have been mining gold and silver in Mexico for hundreds of years. The Rosario mine in Sinaloa Mexico operated from the 1700s to 1944 on the western edge of the Sierra Madre Occidental. A few kilometers away, Goldplay Explorations (V.GPLY) is looking for gold and silver at its El Habal and San Marcial projects. The San Marcial project has a historic 43-101 compliant silver resource with upside opportunities for expansion. The El Habal is at drilling stage with recent attractive results from trenching supporting exploration potential. read more

Skyharbour Increases its Private Placement of Common and Flow-Through Shares

MotherlodeTV
V.SYH, Skyharbour, Uranium,

Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the “Company”) announces that due to strong interest the Company has increased its non-brokered private placement financing to aggregate gross proceeds of approx. CAD $2.5 million. The Company has increased its placement from 3,250,000 units of the Company (the “Units”) to 3,600,000 Units at a price of CAD $0.40 each, and has increased its placement from 1,650,000 flow-through units (the “FT Units”) to 2,400,000 at a price of CAD $0.45 each. Each Unit will be comprised of one common share and one warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each.  Each FT Unit will be comprised of one flow-through common share and one-half of one warrant (“Warrant”). Each whole Warrant will entitle the holder to purchase one additional common share for two (2) years at a price of CAD $0.60 each. read more

Triumph Gold Defines Gold-Rich Breccia Zone at Revenue East

MotherlodeTV
V.TIG, Triumph gold, gold

Triumph Gold Corp., (TSXV:TIG) (OTCMKTS:TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the results of spring and early-summer drilling on the Company’s 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Exploration was focused within a 6 km soil and geophysical anomaly that surrounds the Revenue and Nucleus resource areas. Highlights of results available to date include: read more

MGX Minerals Commences Laboratory Bench-Scale Testing of Thermochemical Process to Extract Lithium from Spodumene; Case Lake Lithium Project Bulk Sample Testing Underway

MotherlodeTV
CSE:XMG, MGX Minerals, lithium,

MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that Orion Laboratories, LLC (“Orion”) and Light Metals International Inc. (“LMI”) have commenced laboratory bench-scale testing of a 10 kilogram bulk sample of spodumene-rich rock originating from the Case Lake lithium project in Ontario. The mineralized material is currently undergoing chemical and mineralogical homogeneity testing, with the objective of extracting lithium compounds and achieving a 95% pure spodumene concentrate. Results of testing performed to date by Orion and LMI indicate that this level of spodumene purity is achievable. Once bench-scale testing has been completed to a satisfactory level, additional mineral separation testing will be conducted to further develop the hydrothermal leaching processes in order to purify high-grade spodumene concentrate. read more