Cartier Resources: 3 Gold Projects in the Abitibi Greenstone Belt
Cartier Resources (ECR.V) is a multi-project exploration company operating in Quebec’s prolific Abitibi Greenstone Belt. CEO Philippe Cloutier spoke to me on the phone a few days ago.
Tag: gold
Lucky Minerals Inc. to Participate in Renmark’s Virtual Non-Deal Roadshow Series on December 6th & December 8th, 2021
Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FSE:LKY) (“Lucky” or the “Company“) is pleased to announce that the Company will be participating in Renmark Financial Communications Inc.’s live Virtual Non-Deal Roadshow Series to discuss the latest investor presentation on Monday, December 6, 2021 at 12:00 PM CST and Wednesday, December 8th at 1:00 PM PST. Lucky welcomes stakeholders, investors, and other individual followers to register and attend this live event.
Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with post-tax NPV5 of C$378m, IRR 29.8%
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce results from an independent Preliminary Economic Assessment (PEA) that was completed for its Thunder Bay North Platinum Group Element (PGE) – Copper (Cu) – Nickel (Ni) Project (“Thunder Bay North” or the “Project”) near Thunder Bay, Ontario, Canada. The PEA was prepared by Nordmin Engineering Ltd. (“Nordmin”) of Thunder Bay, Ontario, and includes a new stand-alone milling complex and waste storage facility (WSF) with mill feed from both the Current deposit and the Escape deposit, part of the Thunder Bay North Project Mineral Resource Estimate as amended, that was completed by Nordmin (see press release dated January 20, 2021). All amounts are in CAD dollars, unless otherwise stated. Summary results of the PEA are shown below in Table 1.
GCM Mining Announces Updated Mineral Resource Estimate and Positive Preliminary Economic Assessment for Its Toroparu Project in Guyana
Updated Mineral Resource Estimate of 8.4 Mozs Measured and Indicated Gold Resource at 1.42 g/t and 396 Mlbs Measured and Indicated Copper Resource at 0.1% in 185 million tonnes of rock Preliminary Economic Assessment estimates: 280,000 ozs of gold production in the first year of operation in 2024; 5.4 Mozs of gold, 2.5 Mozs of silver and 141.3 Mlbs of copper produced over a 24-year mine life; US$8.0 billion total revenue, US$3.5 billion operating margin and US$1.7 billion after-tax Free Cash Flow at a US$1,500/oz gold price; and, After-tax net present value (5%) of US$794 million with an after-tax IRR of 46% and two-year payback. Initial US$355 Million capex to construct the Toroparu Project is fully funded.
GCM Mining Corp. (the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that it has completed an updated Mineral Resource estimate for its Toroparu Project in Guyana with an effective date of November 1, 2021 and in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). GCM Mining also announced today that Nordmin Engineering Ltd. (“Nordmin”) and SRK Consulting (U.S.), Inc. (“SRK”) have completed preliminary results of a Preliminary Economic Assessment (“PEA”) for the Toroparu Project effective November 26, 2021 and is currently finalizing the technical report to be prepared in accordance with NI 43-101 and filed on SEDAR and the Company’s website in mid-January 2022.
Cartier’s Exploration Work in Progress on the Fenton Property
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) announces that a line cutting and channel sampling program were recently completed and that a ground geophysical survey is in progress on the 100% owned Fenton gold property located 50 km southwest of Chapais, Quebec, Canada.
GR Silver Mining Announces Discovery of Mineralized Veins at the Plomosas Project – Loma Dorada Target including: 1.0m at 5.23 g/t Au and 166 g/t Ag
GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces the discovery of a gold-silver rich mineralized zone and the presence of narrow epithermal veining resulting from the initial reconnaissance drilling at Loma Dorada, within the Company’s Plomosas Project, in Sinaloa State, Mexico.
GR Silver: Exploration on a District Scale in Mexico
GR Silver (GRSL.V) holds 100% of the key concessions over an area 25 kilometers wide and 35 kilometers long in the Rosario District in Sinaloa Mexico. The company refers to this as the Plomosas Project and is in the midst of drilling the property.
Cartier Iron Provides Update on Diamond Drilling Program on the Low Sulphidation Gold-Silver Epithermal System at Big Easy, Newfoundland
Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) is pleased to provide an update on its diamond drilling program at its wholly owned Big Easy property located near Clarenville in eastern Newfoundland. As previously announced (see press release September 21, 2021) the 10,000m drill program will test significant resistivity anomalies along a major north-northeast trending structural break outlined by the Controlled Source Audio Magneto-Telluric (“CSAMT”) survey in the Central Anomaly – Big Easy Showing Area.
Tocvan: Two Gold-Silver Properties in Mexico
Brodie Sutherland is a very happy geologist. As Tocvan Ventures (TOC:CNX) VP Exploration he is exploring two highly prospective properties, Pilar and El Picacho, in the Sonora State of Mexico and he is liking what he is seeing so far.
Trench T-14 Averages 8.02 g/t Gold Across 9 Metres at Wayka
Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FSE:LKY) (“Lucky” or the “Company“) is pleased to announce it has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at its 100% owned Fortuna Property (“Fortuna”) in southern Ecuador.