Month: November 2022

Grid Metals Corp Completes 15 Drill Holes at Donner Lake Lithium Project; Drilling Ongoing

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Tuesday, November 29, 2022, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today provided a progress update on its drill program at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The program will include resource delineation drilling at the Main and Northwest dykes and a series of exploration holes targeting untested spodumene bearing pegmatites. The Company maintains the near-term goal of establishing a maiden resource from the Main and Northwest dykes via the current drilling program. The property is a 75%/25% joint venture between Grid Metals Corp. and Lithium Royalty Corp. read more

Eloro Resources Intersects Multiple Intersections including 122.25g Ag eq/t (17.77g Ag/t, 0.30% Zn, 0.33% Pb, 0.10% Cu and 0.16% Sn) over 210.74m in High Grade Feeder Zone, Santa Barbara Target Area at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

The headline intersection in hole METSBUG-03 drilled from the Santa Barbara adit, includes higher-grade portions of: 272.90g Ag eq/t (100.21g Ag/t, 0.37% Pb, 0.17% Cu and 0.34% Sn) over 16.57m. 199.68g Ag eq/t (51.11g Ag/t and 0.34% Sn) over 13.11m. 64% of this 707.8m long drill hole contains reportable intersections averaging 164.32 g Ag eq/t. Holes DSB-38, DSB-39 and DSB-40 tested the on-strike extension of the High Grade Feeder Zone at Santa Barbara to the south-southeast. These holes tested an approximately 1,000m (1km) long section in mineralized dacite across the central part of the caldera valley approximately 500m south-southeast of the underground drill bay in the Santa Barbara adit. Highlights include: 269.56g Ag eq/t (52.63g Ag/t, 3.02% Zn and 1.82% Pb) over 58.85m including 462.04g Ag eq/t (75.05g Ag/t, 5.87% Zn and 2.55% Pb over 23.80m (DSB-38). 101.74g Ag eq/t (10.59g Ag/t, 0.16 g Au/t, 1.23% Zn and 0.28% Pb) over 74.07m including 255.53g Ag eq/t (31.83g Ag/t, 0.59 g Au/t, 2.73% Zn and 0.64% Pb over 17.24m (DSB-38). 91.96g Ag eq/t (4.71g Ag/t, 1.37% Zn and 0.15% Pb) over 193.96m with higher-grade portions of 147.94g Ag eq/t (4.56g Ag/t, 2.48% Zn and 0.29% Pb) over 19.86m and 218.05g Ag eq/t (14.33g Ag/t, 0.14 g Au/t, 3.35% Zn and 0.33% Pb) over 11.21m (DSB-40). 34% of these three holes which total 2,761m contained reportable intersections which collectively averaged 106 g Ag eq/t. Hole DSB-41, collared on a section 300m northwest of the DSB-38 to -40 section, intersected altered and mineralized dacite including 145.52g Ag eq/t (15.52g Ag/t, 0.11gAu/t, 1.54% Zn, 0.36% Pb and 0.07% Sn) over 71.39m, including a higher-grade portion of 261.83g Ag eq/t (26.12g Ag/t, 0.09g Au/t, 2.78% Zn, 0.56% Pb and 0.17% Sn over 15.24m. Hole DSB-35 that tested the potential southwest extension of the Santa Barbara High Grade Feeder Zone approximately 300m west-northwest of the underground drill bay in the Santa Barbara adit intersected 89.43g Ag eq/t (5.63g Ag/t, and 0.20% Sn) over 104.86m with higher-grade portions of 203.86g Ag eq/t (5.42g Ag/t, 0.14 gAu/t, and 0.47% Sn) over 8.69m, 383.23 g Ag eq/t (5.66g Ag/t, 0.06 g Au/t, and 0.95% Sn) over 4.44m and 153.09g Ag eq/t (2.40g Ag/t and 0.37% Sn) over 7.66m. Sn grades are notably elevated in this area. On-Strike Extension of the High-Grade Feeder Zone at Santa Barbara to South-Southeast is now confirmed for an additional 500m along strike for a total strike length of 1,500m. Geophysical data indicates potential for a further 500m strike length to 2,000m. Width of the Santa Barbara mineralized zone is now up to 1,000m across strike with a depth of at least 800m. The mineralized zone remains open in ALL directions as well as at depth.
MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,
Geological Plan Map showing Drilling in Santa Barbara Area with Holes referred to in this release highlighted.

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from eight (8) additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Six of these holes (DSB-35 and DSB-37 to DSB-41) tested the south-southeastern extension of the high-grade feeder zone at Santa Barbara while METSBUG-03 is a metallurgical hole drilled from the Santa Barbara adit underground drill bay. Hole DM2-01 is a reconnaissance drill hole near the Mina 2 adit in the southeast part of the property. read more

Cartier Silver Announces $3 Million Financing; Staking of Additional Claims in Potosi Department, Bolivia

MotherlodeTV

Cartier Silver Corporation (CSE:CFE) (“Cartier Silver” or the “Company”) is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) for proceeds of up to $3 million. The Company also announces the staking of additional claims in the Potosi Department, Bolivia, immediately south and west of the recently optioned Felicidad and Gonalbert properties (see Cartier Silver’s October 26, 2022 press release), respectively. read more

Eloro Resources to Acquire Additional Properties to Significantly Expand Holdings at the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

The Mina Casiterita and Mina Hoyada properties to be acquired cover 14.75 km2 southwest and west of Iska Iska. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. Eloro has also staked additional land in the area. Following the acquisition, the total land package in the Iska Iska area to be controlled by Eloro will total 1,935 quadrants covering 483.75 km2. Artisanal mining in the 1960’s identified high grade tin (Sn) veins on the Mina Casiterita property that are hosted in an intrusive dacite. Production from 1962 to 1964 is reported by the Departamento Nacional de Geología in Bolivia to be 69.85 tonnes grading 50.60% Sn. Recently completed magnetic surveys by Eloro has outlined an extensive, near surface, magnetic intrusive body on the Mina Casiterita property immediately southwest of Iska Iska. This intrusive hosts the previously mined high-grade tin veins and is very likely the continuation of the porphyry tin intrusion projected to be below the epithermal Ag-Sn-Zn-Pb mineralization at Iska Iska. The Porco adit from which previously reported channel sampling returned 103m grading 521 g Ag eq/t (including 117g Ag/t, 1.44 g Au/t, 0.54% Cu and 0.66% Sn) in altered basement sediments, is located near the northeast part of the magnetic anomaly, attesting to the potential strength and high-grade nature of the mineralized system in the area. Drilling is planned on Mina Casiterita in Q1 2023 with geological mapping, sampling and geophysical surveys now in progress on the full land package across the Iska Iska region.
MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce it has entered into an option agreement (the “Agreement”) to acquire the Mina Casiterita and Mina Hoyada properties (the “Acquisition”) which collectively cover 14.75 km2 southwest and west of the Iska Iska Silver-Tin Polymetallic Project (“Iska Iska”). Artisanal mining in the 1960’s identified high grade tin veins on the Mina Casiterita property that are hosted in intrusive dacite. Production from 1962 to 1964 is reported by the Departamento Nacional de Geología (National Department of Geology) in Bolivia as 69.85 tonnes grading 50.60% Sn. These properties connect with the TUP-3 and TUP-6 claims previously staked by Eloro. The Company has also staked additional claims in the Iska Iska region, as shown in Figure 1. Collectively, the land package to be controlled by Eloro following the Acquisition will total 1,935 quadrants covering 483.75 km2. This includes the Tomave, Khuchu Ingenio and Puna properties, located further north towards Potosi (Figure 1). read more

Cartier Iron Announces Share Consolidation and Name Change

MotherlodeTV
CFE.CNX, Cartier Iron, gold, Newfoundland

Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) is pleased to announce that the Company determined a date for the previously announced change of name to Cartier Silver Corporation (the “Name Change”) and consolidation of its common shares on the basis of five (5) pre-consolidation common shares of the Company being consolidated into one (1) post-consolidation common share of the Company (the “Share Consolidation”) (for further details with respect to the Share Consolidation, see news release dated October 26, 2022). The Share Consolidation is scheduled to become effective at the opening of markets on Friday, November 18, 2022. read more

Grid Metals Corp Commences Drilling at Donner Lake Lithium Property

MotherlodeTV
Nickel, Manitoba, Grid Metals, GRDM.V
Grid Metals Corp., Tuesday, November 8, 2022, Press release picture

Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today provided an overview of its drilling plans for its Donner Lake Lithium Property (the “Property”), located in the in the Bird River Greenstone Belt of southeastern Manitoba. The first of two rigs to be utilized during the program has commenced drilling at the Property. The drill program will focus on resource delineation on two spodumene-bearing pegmatite dykes (Main and Northwest dykes) and initial exploration of several additional pegmatite targets. The property is a 75%/25% joint venture between Grid Metals Corp. and Lithium Royalty Corp. read more