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Tocvan Ventures Corp: Research Report TSXV Research by Elite Strategic Inc.

Tocvan Ventures Corp. (CSE:TOC) (FWB:TV3) (“Tocvan” or the “Corporation”) is pleased to report that a new research report has been published at TSXV Research by Elite Strategic Inc.

The report can be viewed in its entirety by visiting the TSXV Research web site:

https://www.tsxvresearch.com/research/tocvan-toc/

About Tocvan Ventures Corp.

Tocvan is a well-structured exploration mining company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan Ventures currently has approximately 24.5 million shares outstanding and is earning into two exciting opportunities. The Pilar Gold project in the Sonora State of Mexico and the Rogers Creek project in Southern British Columbia. Management feels both opportunities represent tremendous opportunity.

Cautionary Statement Regarding Forward Looking Statements

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

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

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

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

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Eloro: Exploring a region in Bolivia from Space

Tom Larsen, CEO of Eloro Resources (V.ELO), is waiting, somewhat patiently, for the results of drilling at the company’s Iska Iska project in Southern Bolivia. Eloro signed the Iska Iska deal in January and the drills are turning.

The Iska Iska project has the potential to be big. Very big. Which means that the drilling is designed to define structure. “It will be a couple of weeks before we have the initial results,” said Larsen. “Structurally we are very pleased. But we need to release multiple holes and we need the assays.”

“We want to be able to explain what we are doing,” said Larsen. “These are big systems. There are actually two systems. A deeper porphyry with an epithermal system above.”

“It is a 3500 meter drill program. We’re drilling from three underground drill bays with two drills,” said Larsen. “We’re expecting news flow in a few weeks and we have to educate the market. We’re there for big tonnage.”

Iska Iska has the great advantage of having the land owned by a private family which speeds up permitting and has allowed Eloro to move quickly with its drill program. The property itself was brought to Eloro by Bolivian geologist Osvaldo Arce who had worked on the property prior to Eloro’s involvement. From the outset Eloro was confident that there was considerable silver at Iska Iska but the project also has polymetallic potential.

Because of its involvement with Iska Iska, Eloro has taken a good look at Bolivia as a mining jurisdiction. Until a few years ago Bolivia was generally seen as relatively hostile to mining, but this has changed with the government of Bolivia becoming much more mining-friendly. Larsen expects the new government, elected Monday, to continue with “business as usual.” The project is located in Bolivia’s prolific South Mineral Belt which includes world-class deposits as Chorolque, Tasna, Choroma, Siete Suvyos and San Vicente.

Because of the negative mining environment a few years ago, the region is somewhat under-explored, which Larsen saw as an opportunity for Eloro.

“We wanted to get a regional picture,” said Larsen. “We wanted to look for similar hydrothermal alterations.”

To get that picture, Eloro used ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) technology to find anomalies which were similar to the anomalies which characterize Iska Iska. ASTER is a high resolution, satellite borne, imaging instrument which can provide detailed information about geological features.

Eloro used the ASTER imaging to look at the Potosí area and to search for anomalies which suggested the possibility of mineralization.

“You can’t really see these anomalies on the ground,” said Larsen. “But the ASTER survey did not cost much and gave us nine new target areas.”

Eloro staked these “mining areas” and detailed each of them in a press release dated October 14, 2020. In that release, Larsen stated, “Iska Iska has excellent potential to host a significant silver polymetallic mineral deposit. We are currently carrying out an underground drill program (see press release September 14, 2020) with results pending. Acquisition of these additional properties which appear to have similar hydrothermal alteration signatures to Iska Iska further expands our very prospective land position in the area.”

ASTER imaging is remarkably powerful in that it not only can indicate surface features suggestive of mineralization, it can also provide information as to the composition of the rocks it is imaging.

What this has meant for Eloro is that along with being able to determine where unexplored calderas are located, ASTER has indicated what the hydrothermal alterations are within those calderas. This is important as in most cases there are no outcrops. The ASTER results have given Eloro a road map of where to look for more high-value targets like Iska Iska.

The key element to Iska Iska is size. The initial drill results will give Eloro a sense of the potential grade of the project but they will also begin to define the size of the potential deposit, knowing it will take multiple drill holes to confirm that size.

Finding and staking more prospective land in the region makes sense. If Iska Iska turns out to be worth developing it will be because it is a very large deposit. Having other, similar, ground to explore will give Eloro regional reach in a target-rich, but underexplored, environment.

 

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Northstar Intersects 31.1 g/t Au Over 0.7m and 15.1 g/t Au Over 0.8m at Planet Syenite

Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company“)reports drill results from the last 5 holes of a 5,023 metre, 28 hole Phase I diamond drill program on the Company’s 100%-owned Miller Gold Property, situated 18 km southeast of the town of Kirkland Lake and Kirkland Lake Gold’s Macassa SMC gold mine.

The primary objective of the Phase I drill program was to confirm and expand known near surface, Kirkland-style high grade gold/telluride mineralization and portions of a historic estimate within the No. 1 Vein. The Phase I program not only succeeded in expanding the near surface, high-grade gold mineralized zone but it also discovered several additional near surface gold zones (Veins 2, 3 and 4 in the hanging wall of No. 1 Vein, now collectively referred to as the Allied Syenite Gold Zone), highlighting the potential for the delineation near surface bulk tonnage gold mineralization.

Earlier Phase IA and Phase IB drill results reported by Northstar from the No. 1 Vein and Allied Syenite alkalic intrusive gold system include 18 g/t gold over 3.89 metres (Drill Hole MG20-34), 19.4 g/t Au over 4.4m within 118.5m interval averaging 1.4 g/t Au (Drill Hole MG20-49) and 4.7 g/t Au over 8.0m within a 107.3m interval averaging 1.2 g/t (Drill Hole MG20-47) (Please see Northstar News Releases dated June 3rd, 2020 and September 2nd, 2020).

Planet Syenite Drill Results

The Planet Syenite is located approximately 1.4 km to the northwest of the Allied Syenite, along strike of the central Catharine Fault Zone structure within a high IP chargeability corridor. In late July, early August, 2020, Northstar drilled 4 holes targeting high-grade gold-telluride mineralization, following up previous drill results from the Planet Syenite, a 250 metre elliptical stock intruding mafic volcanic rocks, central to a number of intersecting gold-bearing fault, shear and broad quartz stockwork zones on the Miller Gold Property. Drilling identified a series of stacked silicified zones with quartz veins ranging in apparent width between 0.3m and 1.6m, hosting visible gold and gold tellurides within the syenite intrusion. Phase I drill results are highlighted below and confirm the Planet Syenite warrants additional drilling:

  • Hole MG20-53 intersected 31.1 g/t Au over 0.7m and 15.1 g/t Au over 0.8m, encompassing a broader silicified zone averaging 1.9 g/t Au over 22.6m between 71.9m and 94.5m; this hole confirms the previous drilling results from MG15-24 in the Planet Syenite which intersected 3.32 g/t Au over 11.55m including 74.9 g/t Au over 0.3m in a similar silicified zone hosting visible gold and gold tellurides in quartz veins.

A new discovery of gold bearing breccia was made in drill hole MG20-54, adjacent to the Allied Syenite at a depth of 245m. This zone averaged 1.7 g/t gold over 5.0m. A complete listing of Phase IB drill results for holes MG20-50 to MG20-54 is provided in Table 1 and supporting maps and sections can be viewed on the Company’s website.

“Northstar is very pleased with Miller Gold Property Phase I drill results”, states Brian P. Fowler, P.Geo., President and CEO of Northstar Gold Corp. “Phase I drilling confirms the Miller Gold Property hosts a number of significant, near-surface high-grade gold telluride veins and broad, lower-grade, intrusion-related gold-telluride stockwork and structures with demonstrable potential for expansion with additional drilling. Northstar is positioning to follow-up Phase I drill results and new discoveries with a 4,000 metre, Phase II drill program scheduled to commence in late October / early November, 2020.”

GoldSpot Discoveries Corp. Data Processing, Artificial Intelligence (AI) Driven 3D Modeling and Exploration Targeting On-going

Phase II drilling will have the added benefit of important geological insights provided by GoldSpot Discoveries Corp., who are currently processing data from Northstar’s $350,000, 2020 3D IP, magnetics and gravity surveys on the Miller Gold Property and preparing an integrated 3D geology and geophysical exploration model and targeting study. Results will be documented in a Technical Report scheduled for delivery by the end of October.”

Phase I Drill Program

Northstar completed Phase I drilling at the Miller Gold Property on August 4th, 2020. All drill core has been logged with samples assayed for gold by AGAT Laboratories in Mississauga, Ontario. Metallic screening was performed on 65 samples associated with core intervals hosting coarse visible gold or gold tellurides, including 30 samples from the Planet Syenite with FA-AA samples >0.8 g/t Au from the Planet Syenite increasing by an average of 111% in gold content with an average of 67% of the total gold in the coarse fraction, indicating the presence of very coarse gold in the samples.

Surface Exploration

The Company is fully permitted and will conduct surface stripping in multiple areas of the Property where visible gold and gold tellurides have been observed, to provide for geological mapping and additional sampling. Surface stripping has proven to be highly effective in defining new mineralized zones on the Property as overburden is generally thin. This work will commence in late October.

Miller Gold Property Phase IB drill results are presented in Table 1 below:

Hole No.Collar
UTM –

Zone 17
Azimuth (Degrees)Dip
Angle (Degrees)
From (m)To (m)Core
Length (m)
True
Width (m)**
Gold
Grade (g/t)
Comments
MG20-50582170, 5318969200-5046.9
incl.
46.9
61
62
incl.
49.5
62
15.1
incl.
2.6
1
0.8
incl.
2.74
3
Stockwork zone
MG20-51582208, 5318998200-5098
150
153
180
99.5
151.5
154.5
181.5
1.5
1.5
1.5
1.5
1.3
1
1.3
0.9
MG20-52582244 5318828350-452.6
16.4
42
53.4
4
17.2
43.5
54.5
1.4
0.8
1.5
1.1
2.48
1.27 *
5
5.4
QV with Tellurides
1m wide QV with Tellurides
MG20-53582173 531881010-5024.5
71.9
71.9
91
incl.
91
93.7
139.5
176
25.3
94.5

72.6
94.5
incl.
92.2
94.5
141
188
0.8
22.6

0.7
3.5
incl.
1.2
0.8
1.5
12
2.9
1.9 *

31.1*
5.68 *

incl.
6.4
15.1 *
5.17
0.32
50cm quartz vein

Silicified zone with QV’s and VG .

1.6m wide quartz vein with VG

Chlorite veining Aplite dikes with py

MG20-54582865, 53180470-90127.5
157
incl.
158
203
237.5
245
incl
245
247
133
159
incl.
159
204.5
239
250
incl.
246
248
5.5
2
incl.
1
1.5
1.5
5
incl.
1
1
5.161.27
5.95
incl.
10.8
1.7
1.96
1.67
incl.
2.38
2.7
Vein 1 intercept Feldspar Porphyry dike with py ”



Coarse syenite with py

Tectonic breccia zone q-c stringers and py – new discovery

Visible gold or tellurides* True width unknown where not stated**

Quality Control

Northstar has implemented a quality control program for its Miller Gold Property to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blanks, duplicates, and certified standards into the sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at Earlton, Ontario.

Drill core samples are submitted to AGAT Laboratories Timmins, Ontario facility for sample preparation and forwarding to AGAT Laboratories Mississauga Ontario for analyses. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 50 g aliquots. For samples returning greater than 10 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. Based on initial fire assay gold indications as well as visual indication of mineralization and alteration, intervals are selected for re-assay by the screen metallic fire assay method. Samples are also analysed for 48 trace and major elements by ICP-MS following a four-acid digestion. AGAT Laboratories are ISO/IEC 17025:2017 accredited (Lab No. 665) for the preparation and analyses performed on the Miller Gold samples.

Qualified Persons

The QA/QC program was undertaken by Company personnel and independently monitored by Mr. Gary Lustig, P.Geo., a ‘Qualified Person’ (Q.P.) as defined under Canadian National Instrument NI 43-101. A secure chain of custody is maintained in storing and transporting of all samples.

Trevor Boyd, PhD, P.Geo., a ‘Qualified Person’ (Q.P.) as defined under Canadian National Instrument NI 43-101, has prepared and reviewed technical aspects of this news release.

About the Miller Gold Property

The Miller Gold Property and the Kirkland Lake Gold camp share many important geological features such as similar rock types, gold telluride mineralogy, timing of mineralization and large-scale hydrothermal gold systems featuring multi-stage and long-lived alkalic magmatic gold deposition. This strongly suggests the gold mineralization in both regions is derived from a common gold enriched alkaline magmatic-hydrothermal reservoir at depth and channelled to surface by deep seated, interconnected structures such as the first order Catharine Fault zone. An important difference is the Miller Property, in addition to high-grade gold-telluride mineralization, has several near-surface broad, low-grade bulk-tonnage drill zones (Planet and Allied Syenites) and remains un-explored at depth.

About Northstar Gold Corp.

Prior to going public on the CSE on January 2, 2020, by way of a $3 million Initial Public Offering, Northstar operated for the past 11 years as a private company focused primarily on gold exploration in the prolific Kirkland Lake District in northeastern Ontario (>24.5 million ounces gold produced from 7 mines since 1915). During this time, the Company raised nearly $7 million to acquire and advance 3-100% owned gold and base-metal properties in the Kirkland Lake region. Northstar has an accomplished Board, Special Advisor and Management Group comprised of professionals highly experienced in exploration, mining, finance and investment banking on a global basis.

The Company’s flagship property is the 100% owned Miller Gold Property, situated 18 km southeast of Kirkland Lake and Kirkland Lake Gold’s Macassa SMC gold mine. Northstar also has two additional 100%-owned exploration projects in Northern Ontario. The 5,090 hectare Bryce Property is an intrusive-gold / PME VMS project and the Temagami-Milestone Cu-Ni-Co Property is located in Strathcona Township. Northstar intends to advance both projects through joint venture partnerships or otherwise.

On behalf of the Board of Directors,

Mr. Brian P. Fowler, P.Geo.
President, CEO and Director
(604) 617-8191
bfowler@northstargoldcorp.com

For further information, please contact:

Derek Wood
Conduit IR
(403) 200-3569
dwood@conduitir.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Northstar Goldcorp. which may cause actual results, performance or achievements of Northstar Gold Corp to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.

info

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Etruscus Live Webinar Thursday October 22nd 2:15 MDT 4:15 EDT

Should be an interesting Webinar with Gordon Lam, CEO and Carl Ryan, Exploration Geologist, providing information on the Company and the current phase of Drilling at the Rock and Roll property in BC’s Golden Triangle.

 

You can register here

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Newlox Delivers Over 90% Gold Recovery Using Organic Aqua Regia


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Figure 1. Organic Aqua Regia Samples

Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE:LUX) (CNSX:LUX.CN) (Frankfurt/Stuttgart:NGO) is pleased to provide an update on the Organic Aqua Regia (OAR) testing underway at the recently established Newlox Research and Development’s laboratory. The Company is investigating Organic Aqua Regia (OAR) technology as a non-toxic and water-free alternative to cyanidation for the production of gold and other precious metals. While OAR is currently in Stage 1 testing at the Company’s laboratory, preliminary results are very encouraging.

OAR is being developed in conjunction with the University of British Columbia in Canada and Chiba University in Japan for the leaching of gold with an organic reagent that is both non-toxic and widely used in other industries. The reagent price is comparable to sodium cyanide, the conventional gold mining industry reagent. The main advantages are that it is non-toxic, is recyclable, extracts gold faster than cyanide, does not use water, and does not require carbon or electrowinning.

Recent OAR tests conducted by Newlox on high-grade gold ore samples have returned gold recoveries above 90% when conducted at ambient temperature and pressure. Testing is currently underway to investigate the effect of both temperature and reagent concentration on the leaching mechanics.

A Message from Ryan Jackson, President & CEO:

“During a recent visit to the laboratory by management, the research and development team presented preliminary results from Stage 1 testing. We were delighted to hear that the first round of testing delivered over 90% gold recovery, using the cutting-edge OAR leaching technology.

This initial round of testing is part of Newlox R&D’s 12-month OAR development program, and we are delighted to have already realized such positive results. Stage-1 testing is still underway, and we are looking forward to reporting the detailed results of this program as they become available.

OAR leaching could be a paradigm-shifting technology applicable not only to the US$180 billion formal global gold mining industry but also as a method to bring the US$27 billion informal gold mining industry into the 21st century.”

Forward-Looking Information

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking information. Forward-looking information includes, but is not limited to, the completion of the work programs currently underway and the results of these programs. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, achievements, or performance may vary materially from those anticipated and indicated by these forward-looking statements. The material risk factors that could cause actual results to differ include the risk that work undertaken by the Company may have unintended effects, the risk of delays in completing work, and the risk that the Company may not be able to raise sufficient funds and Force Majeure. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, it can give no assurances that the expectations of any forward-looking information will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release).

Technical Disclaimer

The Company advises it is not basing any decision to produce on a feasibility study of reserves demonstrating the economic and technical viability of the project and also advises there is increased uncertainty and specific economic and technical risks of failure associated with any production decision. Stewart A. Jackson, Ph.D., P.Geo., a “Qualified Person” within the meaning of National Instrument 43-101, has prepared, supervised the preparation of, and approved the contents of this News Release.

On Behalf of the Board, Newlox Gold Ventures Corp.

Contact Newlox

Ryan Jackson

Newlox Gold Ventures Corp., President

Website: www.newloxgold.com

www.newlox.tech

Email: ryan@newloxgold.com

Phone: +1 778 738 0546

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Tocvan Announces the Association of the High-Grade Silver East Zone With a Pipe-Like Feature, at the Pilar Gold-Silver Project in Sonora, Mexico

Tocvan Ventures Corp. (CSE:TOC) (CNSX:TOC.CN) (“Tocvan” or the “Corporation”) is pleased to announce additional key observations and conclusions from recent technical studies focused on the identification of a Phase 1 program of drill-hole targets at the Pilar Gold-Silver Project in Sonora, Mexico.

As noted in the most recent press release dated September 29, 2020, several significant conclusions were made, one of which is the interpretation of a sub-vertical pipe-like feature in the east-central part of the property, this feature may represent a breccia feeder pipe related to epithermal mineralization (Figures 1, 2). The pipe is ~100m in diameter, oval shaped, and has a steep plunge (~70?) to SSW with a 195? azimuth.

A second circular feature is noted through geochemistry analysis and is tentatively interpreted as a pipe-like feature. It is located in the south-east part of the property, and is south-east of the pipe-like feature described above, interestingly both pipe-like features follow the main north-west to south-east shear structure that runs across the property.

Interesting to note, are the results of the assay soil survey program released in the press release dated June 24, 2020 where the highest soil silver assay result was recorded on the property (317 g/t Ag) and the highest rock-grab silver assay result recorded on the property (323 g/t Ag) (press release: January 7, 2020). Other discoveries and assay results taken together revealed a second parallel mineralized trend of gold and silver to the east of the drilled area and a new high-grade silver zone termed the East Zone (press release: June 24, 2020) (Figure 3).

Key to note, the second circular feature located in the south-east part of the property (Figure 2) (press release: September 29, 2020), tentatively interpreted as a pipe-like feature, is coincident with the recently discovered high-grade silver East Zone (Figure 3) (press release: June 24, 2020), in fact the two highest silver assay results are in this area, along with several other gold and silver high grade results. Pipes, and breccia-pipes are significant features in epithermal gold-silver models and can hold bonanza grades (>1opt) of gold and silver.


Click Image To View Full Size

Figure 1. Interpretation of ground Induced Polarization data (MPH Consulting Ltd).

Note on Figure1. An Induced Polarization Resistivity Inversion depth slice at 325m ASL is shown, with interpretation notes. A significant NNW-SSE ~100m wide corridor is present as a strong resistivity low, and is coincident with much of the drilling performed on the property to date. It is interpreted as increased rock porosity related to an alteration corridor. Another resistivity low is present to the east of this, and takes the form of a discrete 100m diameter oval. Although visibly controlled by a NNE-SSW structure, it terminates abruptly and is interpreted as a potential epithermal feeder pipe.


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Figure 2. Geochemical interpretation of shallow soil data (from Aurum Exploration Services).


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Figure 3. Results from the 2020 Soil Survey at Pilar Au-Ag Project

Special Note:

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

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

About the Pilar Property

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

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

    • – 0.73g/t Au over 40m

      – 0.75g/t Au over 61m

      – 17.3g/t Au over 1.5m

      – 5.27g/t Au over 3m

      – 53.47g/t Au & 53.4g/t Ag over 16m

      – 9.64g/t Au over 13m

      – 10.6g/t Au & 37.8g/t Ag over 9m

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

    • – 55g/t Au over 3m

      – 28.6g/t Au over 6m

      – 3.39 g/t Au over 50m

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

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

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

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

About Tocvan Ventures Corp.

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

Cautionary Statement Regarding Forward Looking Statements

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

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

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOCVAN VENTURES CORP.

Derek A. Wood, President and CEO

Suite 1150 Iveagh House,

707 – 7th Avenue SW

Calgary, Alberta T2P 3H6

Telephone: (403) 200-3569

Email: dwood@tocvan.ca

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

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Renforth: 2000+ meters at Parbec

Renforth Resources reports that it has drilled over 2000 meters at its Parbec property in Quebec.

Along with the release, Renforth CEO Nicole Brewster put out a note:

“I feel like I should have some crazy promotional schtick, some magic formula or wowza statement to impress the people.

But I don’t.
Sorry.
Why? Because it is so simple…..it really is one plus one equals two….

Today’s press release tells you about the two most recently completed holes, the one we have just started, and the funds we have just put in the bank.

While you are reading it (I encourage you to read it) we will just be over here…..drilling.
Under our deposit.
In order to add ounces.”

Read the whole thing.

Renforth has 8 million dollars in the bank. Nicole is fully funded for the next couple of years and has a plan to add ounces at Parbec. I suspect that is exactly what she’ll do.

(Disclosure: I hold shares in Renforth, Jay Currie)

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Eloro Resources Stakes Additional Properties in the Iska Iska Polymetallic Property Area, Potosi Department, Southern Bolivia

Eloro Resources Ltd. (TSX-V: ELOOTCQX: ELRRF; FSE: P2QM(“Eloro”, or the “Company”) is pleased to announce that Minera Tupiza S.R.L., Eloro’s Bolivian subsidiary has staked nine (9) additional properties (known as “Mining Areas” under Bolivian law) covering a total of 311.75 square kilometres in the Potosí Department, southern Bolivia where Iska Iska is located as shown in Figure 1. The geological characteristics and target mineralization of these properties are summarized in Table 1. Figure 2 shows the regional geology in the area of the new properties. The properties are located on prominent ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) anomalies with a similar hydrothermal alteration signature to that of Iska Iska. The Tup-5 property ties directly onto the Iska Iska property.

 Figure 1Figure 2

Tom Larsen, President and CEO of Eloro, commented: “As outlined in the NI 43-101 Technical Report by Micon International (see press release April 29, 2020), Iska Iska has excellent potential to host a significant silver polymetallic mineral deposit. We are currently carrying out an underground drill program (see press release September 14, 2020) with results pending. Acquisition of these additional properties which appear to have similar hydrothermal alteration signatures to Iska Iska further expands our very prospective land position in the area.”

Table 1: Summary of Geology and Exploration Targets, New Properties Iska Iska Area, Bolivia (see Figure 1 for locations).

No.NAMESQ. KMGEOLOGICAL DESCRIPTIONTARGET
1Puna22SE part of the Early Miocene resurgent Kari Kari caldera. It is filled with welded ignimbrites and ash flows from 8-5 Ma. Comprises a Complex fault system of N-S, NNE-SSW and E-W directions that are filled with Sn, W and base metal mineralization. Main alteration products are silicification and highly altered Fe minerals.Sn, W, Base Metals
2Khuchu Ingenio17Subvolcanic dacites and andesites hosting Ag, Pb and Zn mineralization. Basement is the Silurian Llallagua Formation sandstone. The neighboring area is composed of wide and long veins hosting enriched mineralized pockets. Main hydrothermal alterations are sericitization and argillization.Polymetallic Ag, Pb, Zn
3Tomave125The claim area is composed of mainly siliciclastic sediments of Silurian age that comprises diamictites, shales, slates, sandstones and quartzites. They are likely to host both high temperature tin, and late stage Ag, Zn and Pb mineralization. Hydrothermal alterations are silicification, sericitization, argillization and propylitization.Polymetallic Ag, Zn, Pb
4Atocha Florida23.75Tertiary volcanics extruding Silurian sediments, mineralization occurs in both rocks and are composed of veins, stockworks and veinlets hosting Zn-Pb-Ag. Main alteration products are sericitization and advanced argillization.Polymetallic Zn, Pb, Ag, Au
5Atocha38Polymetallic (Ag, Pb, Zn) mineralization associated with a collapsed caldera, which consists of pyroclastic rocks, flows, volcanic domes, and dacitic to andesitic dikes. Hydrothermal alterations are sericitization and advanced argillization.Polymetallic Ag, Pb, Zn, Au
6Tup 318.5Includes a remarkable circular feature that outlines a structural basin in Ordovician sedimentary rocks, covering an area of about 16 km2 (4 x 4 km) and a neighboring southern extension of about 9 km long by 5 km wide, in which several hydrothermal alteration types are present on the processed satellite imagery. Hydrothermal alteration consists of carbonatic, argillic and sericitic alterations along with minor illite, Fe oxide, chlorite and kaolinite.Sn, Base metals
7Tup 45.5Rocks are mostly sedimentary, although some volcanics also probably occur in the vicinity. The main geological feature corresponds to a N-S regional fault located in the center of the property that appears to control mineralization in the zone. Intense alteration zones composed of abundant sericite, argillic and kaolinite and minor illite, chlorite, Fe oxide and carbonates.Polymetallic Ag, Pb, Zn, Au
8Tup 510.25Ordovician sandstones and shales within an eastern extension of an intrusion. Main alteration products are jarositization, argillization and sericitization.Sn, Base Metals
9Pajchi42.75Possible collapsed volcano with resurgent eroded dacite domes and lava flows that are hosting a probably polymetallic mineralization composed of a high temperature tin mineralization overlapped by Ag-Zn-Pb mineralization. Hydrothermal alteration types are argillization, strong oxidation, and sericitization.Polymetallic Ag-Zn-Pb, Au

Au=gold, Ag=silver, Zn=zinc, Pb=lead, Sn=tin, W=tungsten

Qualified Person

Dr. Osvaldo Arce, P. Geo., an expert on Bolivian geology and a Qualified Person in the context of National Instrument 43-101 (NI 43-101) has reviewed and approved the technical content of this news release. ASTER is public domain data made available by the Jet Propulsion Laboratory of NASA. Processing of the ASTER and satellite data was done by Sandra L. Perry, MS, P.Geo. of Perry Remote Sensing LLC in Denver, Colorado. Ms. Perry is a Qualified Person as defined by NI 43-101.

About Iska Iska

Iska Iska polymetallic project is a road accessible, royalty-free property, wholly-controlled by the Title Holder, Empresa Minera Villegas S.R.L. and is located 48 km north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. The property can be classified as a polymetallic (Ag, Zn, Pb, Au, Cu, Bi, Sn, In) epithermal-porphyry complex. This is an important mineral deposit type in Bolivia.

Geological mapping on the property by Eloro has revealed the spatial and temporal zonation of alteration and vein minerals in an area of about 5 square kilometres. The polymetallic mineralization occurs mainly as veins, subsidiary vein swarms, veinlets, stockworks, and disseminations, forming a subvertical vein system in both the stock and the volcanic and sedimentary rocks. Preliminary evaluation work including 42 channel samples in underground and on surface workings at Iska Iska returned significant results as summarized below. All of the channel samples included altered wall rock with widths ranging between 1.20 to 5.55 m, averaging 2.90 m (see press release of October 8, 2019 for further details).

  • Silver. Anomalous silver values range between 35.5-694 g/t Ag (46% of channel samples).
  • Gold. Anomalous gold values range between 0.31-28.6 g/t Au (42% of channel samples).
  • Zinc. Anomalous zinc values range between 1.05-16.95% Zn (37% of channel samples).
  • Lead. Anomalous lead values range between 0.41- 16.95% Pb (49% of channel samples).
  • Copper. Anomalous copper values range between 0.1->1% (22% of channel samples).
  • Bismuth. Anomalous bismuth values range between 967-7,380 g/t Bi (22% of channel samples).
  • Indium. Anomalous indium values range between 10.35->500 g/t In (34% of channel samples).

About Eloro Resources Ltd.

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

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

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

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

Figure 1: Location map of new properties, Iska Iska – Potosi area.
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb2cb1c9-4adf-465d-9b74-3266f6933e85

Figure 2: Regional geology in area of new properties, Iska Iska – Potosi area.
https://www.globenewswire.com/NewsRoom/AttachmentNg/0cfc8a38-4423-4512-a954-074e5fb86ea7

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CBLT Inc: You can make more money with a pen than a drill

There is no single right way to organize and operate a junior resource company. Instead, each company needs to figure out its own path to maximizing shareholder value. Whether it is a greenfields exploration story or a brownfields mining restart, every project is different. Peter Clausi, CEO of CBLT Inc. (V.CBLT), spent the early part of his career as a commercial litigation lawyer on Bay Street. He’s seen most of the business models.

“I’m from Timmins,” said Clausi in a telephone interview. “Mining is in my blood.” Literally, putting three summers into the zinc smelter at Kidd Creek Mines to put himself through law school.

Clausi spent part of the early 90’s as a lawyer advising reporting issuers and practicing securities litigation. “It was intense high-stress work and I decided to take a year off,” said Clausi. When he came back, Clausi continued to practice law but he also began working in what can best be described as an investment banking role. “I advised, I raised capital, I was a shareholder activist,” said Clausi. “I was involved in eighteen hostile takeovers.”

Along the way, Clausi realized, “Exploration success does not equal market success. You can make more money with the pen than with the drill bit.”

It is an insight which goes to the heart of the junior resource business. “There is no value in just drilling,” said Clausi. “Pure exploration dollars are not being rewarded. We’ve been in a mining depression since 2011.”

The effect of the “mining depression” has been to make a lot of good exploration and development resource assets available for acquisition. Often these assets will have mapping, geophysics, trenches, drill holes and even old workings, all of which can often be purchased for a very reasonable price.

A lot of those resource assets are owned or controlled by geologists, not business people. “Most geo CEOs lack an understanding of the entire business, though there are exceptions,” said Clausi. “They want to drill holes and drill holes and drill holes, and that costs money. Money which is hard to raise.”

Clausi took his lawyer’s training, years of practice and business acumen to CBLT Inc in 2011. The objective was to find good, undervalued, assets, acquire them and do effective technical work before selling them on. “We’re business people first,” said Clausi.

CBLT’s focus starting in 2016 was on cobalt assets. “Cobalt was trading at less than $40,000 USD per ton when we bought the assets,” said Clausi. “It went over $90,000 USD a tonne in early 2018.”

As cobalt rose in price, CBLT spun various cobalt properties out to purchasers and optionors. These transactions were structured to provide cash and shares in the purchasing companies to CBLT. Each of these sales/options/joint ventures was different but the net effect was always to get more for the asset than CBLT had initially paid for it and a look in at the asset down the road through the equity piece. As a result, CBLT has not had to do an equity financing since 2016.

It is a strategy which CBLT still follows, but it is not a strategy which would work for most junior resource companies because the transaction costs would be prohibitive. Having experienced mining and securities counsel as your CEO drops those costs fast. “We do our regulatory filings and most of the contracts and subscription agreements in house,” said Clausi. “Our CFO, Brian Crawford is a CPA who is very familiar with the requirements of Reporting Issuers. Our last deal, the sale of our 56% joint venture interest in the Northshore Gold Property near Hemlo, had total legal fees, from LOI to definitive agreement to closing on patented lands, of about $16,000.”

High level in-house legal and accounting is a huge competitive advantage for CBLT. The other advantage the company enjoys is a reputation for looking for good, if undervalued, assets. “We’re looking at assets every day,” said Clausi. “We evaluate those assets based on location, infrastructure, work already completed and what the next “hot” metal is likely to be. Right now, gold in Canadian dollars is the highest it has ever been.”

The execution of the strategy can be seen in CBLT’s press release of September 23. In it, Clausi pretty much outlines the play, “Omni’s efforts make CBLT more valuable. Our large equity position in Omni gives us passive ongoing exposure to gold and to Omni’s development successes like Monday’s press release. It also allows us to continue our business plan to create shareholder value by continuing with strategic M&A activity, as with Northshore Gold, and by developing our Canadian mining assets.”

CBLT was paid $350,000 in cash and $1,100,000 in shares of Omni for its Northshore Gold Property Joint Venture. When Omni lists, CBLT will be a large, if not the largest, shareholder in the company and will participate in the success of the exploration play. All the while, getting paid for an asset it acquired and then sold.

More money from the pen. CBLT has what insiders call “deal flow”.  “We’re looking for assets every day,” said Clausi. It looks like CBLT is finding them.

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Etruscus Resources: Under the Radar in BC’s Golden Triangle

 

BC’s Golden Triangle has been a hugely productive mining area since the 1980’s. There is no question of its mineral endowment as mines like Premier back in the 1920s, the SNIP and Eskay Creek in the early 1990s, and, more recently KSM, Red Chris and Valley of the Kings have all come online with gold, silver and copper in abundance. The Golden Triangle is a big place and there are many highly prospective but largely unexplored or underexplored areas.

gold

 

As a former Vancouver broker, Gordon Lam, CEO of Etruscus Resources, is well aware of the Golden Triangle’s history. When the opportunity to acquire and explore a property in the Triangle arose, Lam formed a company, raised money from around 200 investors without a broker and took Etruscus Resources (C.ETR) public on the Canadian Securities Exchange (CSE).

The Rock and Roll project already had a history in the Golden Triangle. Back in the 80’s and 90’s mining legend Murray Pezim had done work on the property through a company called Prime Resources Corp. Prime drilled 94 holes, totalling 11,063.2 metres, in the Black Dog and SRV Zones. However, metal prices declined and British Columbia’s political environment became uninviting to mining. Prime sold the property and other juniors did further work concentrating on extending the Black Dog area. Only nineteen more holes were drilled until 2018 when Etruscus acquired the property.

“We got the paper records from those holes,” said Lam in a phone interview. “And one of the companies which had worked on the property had digitalized those records and we got that too.”

“The core from the holes is still on the property but it is in rough shape,” said Lam. “We have been trying to fix it up.” 30 year old core, stored outdoors in the rain, snow and freezing temperatures of the Golden Triangle, is going to deteriorate but it is still much better than nothing.

In its inaugural 2019 drilling season, Etruscus drilled a set of step-out holes from the historical work done at Black Dog. “When we got the property the strike length was about 600 meters,” said Lam. “As a result of our step-out drilling we now see 2.7 kilometers of prospective ground.”

gold

The company also took bark samples to identify elevated pathfinder elements (Au, Ag, Ba, Cu, Fe, Hg, Pb, Se, Zn) in areas with thick overburden where traditional soil sampling is ineffective. A smart and cost-effective way to figure out where the best drill targets might be located.

As Etruscus geologists were working on the property, their geological understanding evolved. “Previous groups believed that there was a fault which ended the mineralization to the west. Which was why no one had explored beyond the Black Dog area in that direction,” said Lam. “One of our holes suggested that fault did not exist which meant that there was a large area open for exploration. This was backed up with some BC Geological Services mapping and age dating showing the western rocks to be conformable.”

“We began to explore to the West. Through recent ground truthing and researching of historical data, we discovered a huge conductor had been modeled but ignored because of “the fault”. Ten times the size of Black Dog. We call it “The Wall”,” said Lam. “We’re lucky enough to have Dave Dupre, who was instrumental in the discovery of Eskay Creek, as an Adviser.”

The Wall is at least 300 meters deep whereas Black Dog outcrops and has only been drilled to shallow depths. Etruscus is convinced that Black Dog is part of a VMS system including what we hope is many more deposits.  This could include “The Wall,” but we will be more certain at the conclusion of this year’s drilling season. “We are drilling deep holes to test our targets, including ‘The Wall’,” said Lam.

gold

 

The drilling season in the Golden Triangle is quite short and usually ends at the end of September or early October. Etruscus is lucky in that the Rock and Roll project is only 70 meters above sea level which means the weather and snowfall is much better than it is for projects at higher elevations. Over the years, the infrastructure, roads and power, have improved in the Golden Triangle which puts the Rock and Roll project only 15 kilometers by helicopter from the base camp.

The company hopes to have drill results towards the end of October but that, as always, depends on the labs. The big question those results may answer is the extent of “The Wall”. They will also indicate the prospects for several other areas the company has drilled this year.

Lam is optimistic about the overall junior resource market. “We’re in the early stages of a long-term commodity bull market,” said Lam. “There is an overall bull market but it has only been this year for mining.”

“The catalyst was COVID,” said Lam. “The miners gained attention post-COVID. Now there is a lot of excitement and we’re seeing historical new highs in gold prices. But this is the early stage.”

During bull markets, the usual sequence is for the commodities to move higher, then the large producing mining companies, then the mid-tier. At that point, the table is set for developers and explorers to make significant gains. Etruscus will be releasing results at an ideal time to position itself as an explorer to watch in the Golden Triangle. If those results are encouraging, Lam’s shareholders should be in line for a solid return in a rising market.

 

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