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  1. Abcourt announces the re-start of mining activities at the elder mine and the re-opening of the sleeping giant mill Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (“Abcourt” or the “Mines Abcourt inc.) is pleased to announce the re-start of mining activities at the Elder mine following the addition of mines by the Quebec government to the priority list of services. The Sleeping Giant mill will be re-opened early next week. We have prepared a management plan for sanitary measures according to the interim recommendations of prevention measures concerning the exploitation of mines by the National Institute of public health. Following a first call-back to work, 75% of miners came in yesterday. We believe that those absent will come when they learn that the mine is open and that all sanitary recommendations are respected. The re-start of mining operations will enable us to profit from the important increase in the price of gold in recent weeks ABOUT ABCOURT MINES INC. Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018) and a positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine. The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in January 2019. A total of 8.07 M tonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83 % zinc are available to be mined. About 81.6 % of the tonnes are mineable by open pit and 18.4 % will be mined underground. The infered resources total 2.07 M tonnes with a grade of 114.16 g/t of silver and 2.89 % zinc. In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was first completed. A feasibility study was recently completed and most of the resources were converted to proven and probable reserves. A surface drilling program is planned. To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com. This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a “Qualified Persons” under the terms of Regulation 43-101. Mr. Hinse has approved the scientific and technical disclosure. Please see full press release here.
  2. Anaconda Mining announces Q4 and full year 2020 production results, achieves record metal revenue of $41.5 million TORONTO, ON / ACCESSWIRE / January 14, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce production results and certain financial information for the three months and year ended December 31, 2020. All dollar amounts are in Canadian Dollars. The Company expects to file its full audited annual financial statements and management discussion and analysis by March 2, 2021. 2020 Highlights Anaconda produced 18,268 ounces of gold in 2020 from its Point Rousse operation, achieving its annual guidance of 18,000 to 19,000 ounces, predominantly from Pine Cove Pit mine production, with the processing of ore from the Argyle Gold Mine commencing in late Q4 2020. Anaconda sold 17,918 ounces of gold in 2020, generating record metal revenue of $41.5 million at an average sales price1 of C$2,316 (US$1,728) per ounce of gold. As at December 31, the Company also had over 525 ounces in gold doré inventory, which was subsequently sold in January. The Pine Cove Mill achieved annual throughput of 459,085 tonnes during 2020, just short of its annual record throughput, representing a 14% increase over 2019, when the mill was impacted by unplanned maintenance. Mine operations moved 512,028 tonnes of ore during the year, including 103,557 tonnes of ore from Argyle in Q4 2020, at an average grade of 1.50 grams per tonne ("g/t") and at a strip ratio of 3.8 waste tonnes per ore tonne. The Pine Cove Pit has now transitioned to a fully permitted in-pit tailings facility, with over 10 years of capacity at current throughput rates. The Company announced the full exercise of share purchase warrants expiring on January 10, 2021, resulting in proceeds of $3,526,895 and the issuance of 7,837,544 common shares. As of December 31, 2020, the Company had a cash balance of $14.6 million and preliminary working capital1 of $13.8 million. The Company's current loan balance as of December 31, 2020 was $1.9 million and the non-current portion was $0.8 million. 2021 Guidance Anaconda is projecting to produce between 18,000 and 19,000 ounces of gold in 2021. Mill feed in 2021 will be predominantly from mining at the Argyle Gold Mine, with supplemental ore feed from Pine Cove and marginal stockpiles, although the Company continues to investigate opportunities to defer marginal ore feed. Operating cash costs per ounce1 for the full year are expected to be between $1,425 and $1,475 per ounce of gold sold (US$1,100 - US$1,145 at an approximate exchange rate of 0.775), reflecting the relatively lower grade profile of Argyle in the earlier part of the mine plan, the impact of processing lower grade marginal ore, and increased trucking costs to the Pine Cove Mill from Argyle. Mine grade will increase significantly towards the end of 2021 and into 2022 at Argyle which, along with a decrease in the stripping ratio, will lead to a marked decrease in operating cash costs per ounce sold. Furthermore, any opportunity to displace marginal ore will positively impact operating costs on a per ounce sold basis. The Company expects to incur $6,600,000 of sustaining capital expenditures for the mine and mill operations in 2021, which includes approximately $3,800,000 of mine development for pushbacks at the Argyle Gold Mine, which will also support ongoing mining in 2022. Looking further ahead at Point Rousse, the Company continues to infill drill the Stog'er Tight extension and advance baseline permitting activities, given its strong potential to extend the life of mine of the Point Rousse operation. In addition, milestones and catalysts for growth in 2021 include: Ongoing production and free cash flow generation from Argyle throughout 2021. Infill drilling at Stog'er Tight deposit to complete an updated Mineral Resource. Final drill results from the Goldboro Gold Project ("Goldboro") infill drill program in Q1 2021. An updated Mineral Resource for the Goldboro Gold Project in Q1 2021. Ongoing initial 10,000 metre drill program at the Tilt Cove Gold Project in Q1 and Q2 2021. Drill Program at the Lower Seal Harbour Property in Nova Scotia, proximal to Goldboro. Completion of the Goldboro Feasibility Study in Q4 2021. Operating Statistics for the Three Months and Year Ended December 31, 2020 During the fourth quarter of 2019, the Company processed a bulk sample for Goldboro (the "Bulk Sample") at its Pine Cove Mill (see press release dated January 16, 2020). Fourth quarter and annual 2019 mill statistics are presented both including the Bulk Sample, and on a Point Rousse stand-alone basis. Three months ended December 31, 2020 Three months ended December 31, 2019 Year ended December 31, 2020 Year ended December 31, 2019 Mine Statistics Ore production (tonnes) 110,455 123,302 512,028 413,139 Waste production (tonnes) 453,859 518,698 1,964,689 1,771,408 Total material moved (tonnes) 564,314 642,000 2,476,717 2,184,547 Waste: Ore ratio 4.1 4.2 3.8 4.3 Mill Statistics (including Bulk Sample in 2019) Availability (%) 91.5 97.1 96.3 89.6 Dry tonnes processed 107,257 110,474 459,085 401,499 Tonnes per day ("tpd") 1,274 1,236 1,302 1,228 Grade (grams per tonne) 1.39 1.49 1.42 1.52 Recovery (%) 86.8 83.1 87.4 82.3 Gold Ounces Recovered 4,171 4,411 18,268 16,181 Gold Ounces Sold 3,970 4,209 17,918 17,265 Excluding the operating results from the Bulk Sample, the Pine Cove Mill Statistics specifically for production from the Point Rousse operation are as follows: Dry tonnes processed 107,257 100,689 459,085 391,714 Tonnes per day ("tpd") 1,274 1,318 1,302 1,248 Grade (grams per tonne) 1.39 1.27 1.42 1.46 Recovery (%) 86.8 84.0 87.4 82.8 Gold Ounces Produced 4,171 3,441 18,268 15,211 Gold Ounces Sold 3,970 3,306 17,918 16,362 Operations Overview for the Year Ended December 31, 2020 Anaconda sold 17,918 ounces of gold in 2020 to generate record metal revenue of $41.5 million at an average realized gold price1 of C$2,316 (US$1,728) per ounce, representing a 41% increase in metal revenue compared to 2019 due to a combination of significantly higher gold prices and higher gold production. During the fourth quarter, the Company sold 3,970 ounces of gold from production from its Point Rousse operations, generating metal revenue of $10.0 million at an average realized gold price1 of C$2,503 per ounce (US$1,921). The Point Rousse operation produced 18,268 ounces of gold during 2020, achieving annual guidance of 18,000 to 19,000 ounces, and representing a 13% increase over 2019 as a result of higher throughput and stronger recoveries. Production was predominantly from the Pine Cove Pit, where mining ceased in early Q4 2020 and mill production was maintained from the established stockpile of 100,000 tonnes. In 2021, production will be focused exclusively at Argyle, with mill throughput supplemented with marginal ore from the Pine Cove Pit. Point Rousse Mine Operations - During the fourth quarter, the mine operation produced 110,455 tonnes of ore (of which 103,557 tonnes were from Argyle), a 10% decrease from Q4 2019 when mining was focused exclusively in the Pine Cove Pit. For 2020, the mine operation produced 512,028 tonnes of ore, a significant increase over 2019 when the first half of the year was focused on the lower tonnage profile Stog'er Tight Mine. The strip ratio for 2020 was 3.8 waste tonnes to ore tonnes, a decrease from 4.3 in 2019, as the mine operation completed mining in the Pine Cove Pit throughout 2020 and the tonnes of waste moved decreased accordingly. The strip ratio of 4.1 waste tonnes to ore tonnes in Q4 2020 reflects the impact of the commencement of development at Argyle. As at December 31, 2020, the mine operation had stockpiled over 102,300 tonnes of ore, which included approximately 72,000 tonnes from Argyle at an average grade of 1.79 g/t. Going forward into 2021, the mine operations will be exclusively focused on production from Argyle, which together with existing stockpiles will contribute approximately 70% of mill throughput in the upcoming year, with Pine Cove and marginal stockpiles providing the balance. Point Rousse Mill Operations - The Pine Cove Mill processing facility milled 107,257 tonnes during the fourth quarter of 2020, a 3% decrease compared to Q4 2019, the result of lower mill availability due to a planned shutdown for a mill liner change. For the 2020 year, the mill processed 459,085 tonnes of ore, an increase of 14% compared to 2019 due to strong mill availability of 96.3% in the most recent year compared to only 89.6% in 2019. The Pine Cove Mill has returned to consistent and sustainable operations since the challenges encountered in the early half of 2019, when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs, invest in critical spares, and bolster preventative maintenance programs, the result of which can be seen with the strong performance of the mill in 2020. Average grade during the fourth quarter was 1.39 g/t, a 7% decrease compared to Q4 2019 due to the impact of the Goldboro Bulk Sample in the comparative period, however a 9% increase when compared to ore milled only from the Point Rousse operation. The fourth quarter of 2020 reflected the impact of processing of 30,324 tonnes of ore from the relatively higher-grade Argyle deposit. Average grade for 2020 was 1.42 g/t, down slightly from 1.46 g/t in 2019 when comparing only to Point Rousse results, as ore feed in the first half of the prior year was mainly from the higher grade Stog'er Tight Mine. The mill achieved an average recovery rate of 86.8% in Q4 2020 and 87.4% for the 2020 year, both representing strong increases over the comparative periods of 2019, further reflecting the strong improvements that have been implemented at the mill operation. Qualified Person Kevin Bullock, P. Eng., President and CEO, Anaconda Mining Inc., is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release. Check out full press release here.
  3. Roskill: Vanadium market set to grow steadily in the 2020s London: UK, June 25, 2020 (GLOBE NEWSWIRE) -- The meteoric price rises of 2017 were a result of demand and supply-side factors. On the demand side, by far the most important factor was the high expectation for future vanadium demand owing to new rebar standards in China, which mandated the use of microalloying agents like vanadium in construction steels. There was a strong expectation of higher and sustained demand for vanadium in China, which was supported by substantial purchasing/re-stocking in 2017. Added to this, there was considerable excitement over vanadium redox flow batteries (VRBs), which also supported a positive demand outlook. This bullish outlook for demand was set against a period tightening supply. Global feedstock capacity had been considerably diminished in 2015 when Evraz Highveld shut down in South Africa. The Highveld operation accounted for more than 10% of global feedstock supply. However, there was no meaningful price reaction to the Highveld closure in 2015 as global inventories were high, but these were gradually drawn down between 2015 and 2017. This, together with some temporary shutdowns in China and the rest of the world, and a Chinese ban on the import of vanadium-bearing slags, meant feedstock availability was tightening at a time when demand was set to explode. High prices, however, were not sustained and the subsequent price correction was also brought about by a combination of demand and supply-side factors. With regard to the former, demand did not increase as sharply as expected. Chinese steel mills were implementing new rebar standards prior to the official enforcement date (November 1st 2018) while smaller mills beneficiated from a ‘tolerance period’ allowing them to comply with new rebar regulations gradually. Further, high vanadium prices drove numerous steel mills to substitute ferrovanadium with ferroniobium to a larger-than-expected scale, which resulted in a lower-than-expected vanadium demand. In addition, higher prices drove out the economics of VRBs and stalled progress on development. Lower-than-expected demand was met with higher-than-expected supply in 2019 as Chinese co-producers increased their output by nearly 19% year-on-year, resulting ultimately, in a balanced market that erased the price gains of the previous two years. The short-term outlook for vanadium will be largely determined by the impact of COVID-19. Roskill’s view is that the Chinese steel industry will be relatively insulated from the impacts of the pandemic as infrastructure spending offsets lower steel exports, both directly and indirectly. As a result, vanadium demand should be sustained by Chinese consumption. Nonetheless, in the ROW, a drop in steel production will negatively impact demand for vanadium. Over the longer term, the outlook for vanadium demand is positive with all major end-uses (steel, non-ferrous alloys, chemicals, and batteries) expected to drive growth. There is uncertainly, although considerable potential upside, regarding the future scale of demand for VRBs, which will have to overcome several challenges including the high price of vanadium pentoxide as an electrolyte on their road to commercialisation. On the supply side, Roskill believes that there is a limit to the extent to which co-producers and primary producers can scale up their capacities, suggesting that additional vanadium units will need to come from new projects, or perhaps more secondary vanadium recovery, if the market is to maintain balance. Check full article here. https://www.globenewswire.com/news-release/2020/06/25/2053209/0/en/Roskill-Vanadium-market-set-to-grow-steadily-in-the-2020s.html
  4. Abcourt announces the discovery of a new high-grade gold vein at the elder mine Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF)(“Abcourt” or the “Mines Abcourt Inc.) is pleased to announce the discovery of a new highgrade vein in the extension of the west drift on level 9 at the Elder mine.This vein, named 9-1-5, is currently being developed. It has given so far 13.24 g/t of gold over atrue width of 1.1 meter for a distance of 39 meters.Operating results for the first quarter, ended on September 30, 2019, will be announced later thisweek. About Abcourt Mines Inc. Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategicallylocated properties in northwestern Quebec, Canada. The Elder property has gold resources(2018). Abcourt is focusing on the exploitation of the Elder mine. A $2M exploration program hasrecently been approved by directors.The Abcourt-Barvue property has silver-zinc reserves (2014). A feasibility study was completed in2007 by Roche / Genivar. A 43-101 update was completed in January 2019. A total of 8.07 Mtonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% of zinc areavailable to be mined. The portion mineable by open pit is 81.6% and the portion mineableunderground is 18.4%. Inferred resources are 2.07 M tonnes with a grade of 114.16 g/t of silverand 2.89% zinc.In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos andMatagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was filed inMay 2019. A positive 43-101 feasibility study was completed recently by PRB Mining Services Inc.The mineral reserves are 10,900 tonnes in the proven category with a grade of 12.20 g/t of goldand 475,625 tonnes in the probable category with a grade of 11.85 g/t of gold. The inferredresources are 93,100 tonnes with a grade of 11.85 g/t of gold. Surface diamond drilling will startshortly. For the full version of the press release. Click here.
  5. Anaconda Mining reports further near surface infill drill results at Goldboro, including 871.23 g/t gold over 0.5 metres, 47.87 g/t gold over 1.5 metres and 20.08 g/t gold over 2.4 metres TORONTO, ON / ACCESSWIRE / January 5, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce further drill results from a completed infill drill program ("Drill Program") at its 100% owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro" or the "Project"). The Drill Program was comprised of 17,941.7 metres and was designed to convert priority Inferred Mineral Resources into Measured and Indicated Mineral Resources of the Goldboro Deposit as part of the ongoing feasibility study, which recognizes the opportunity for expanded open-pit mining areas as well as underground mining opportunities. Results from the current drilling (3,241.0 metres in 27 diamond drill holes) all reflect shallow drilling (<175 vertical metres) at the East Goldbrook Gold System ("EG Gold System") at the eastern end of the Goldboro Deposit (Exhibit A). These results demonstrate that numerous near-surface mineralized zones exist in the EG Gold System with similar geometry and location to the modelled mineral resource. In particular, the highest-grade intersections reported herein are consistent with other previously reported intervals of high-grade gold (>50.0 grams per tonne ("g/t")). A total of eleven (11) visible gold occurrences were also observed in these drill holes. Selected composited highlights from the Drill Program include: 871.23 g/t gold over 0.5 metres (52.9 to 53.4 metres) and 47.87 g/t gold over 1.5 metres (63.1 to 64.6 metres) in hole BR-20-193; 20.08 g/t gold over 2.4 metres (50.6 to 53.0 metres) including 74.40 g/t gold over 0.6 metres in hole BR-20-195; 4.73 g/t gold over 4.5 metres (100.0 to 104.5 metres) including 20.10 g/t gold over 1.0 metre in hole BR-20-200; 3.41 g/t gold over 3.2 metres (91.8 to 95.0 metres) in hole BR-20-185; 1.11 g/t gold over 7.0 metres (44.0 to 51.0 metres) in hole BR-20-187; 3.17 g/t gold over 6.1 metres (114.9 to 121.0 metres) including 18.10 g/t gold over 0.7 metres in hole BR-20-215; and 0.55 g/t gold over 17.9 metres (23.1 to 41.0 metres) in hole BR-20-205. A table of selected composite intersections from the Drill Program are shown in Table 1 below. "The infill drill results from East Goldbrook show very high-grade intercepts locally as well as broader zones of lower grade mineralization, all at levels that could conceptually be mined through open pit mining methods. Of particular interest in this round of drilling is the consistency of spectacular grades from East Goldbrook indicating there may be specific opportunities for further high-grade resource growth since this zone remains open for expansion down plunge. We will use the new data gathered in this round of infill drilling to upgrade mineral resources to the Measured and Indicated categories at East Goldbrook as part of the fully updated resource estimate anticipated in the first quarter of 2021." ~ Kevin Bullock, President and CEO, Anaconda Mining Inc. See full article here.
  6. Anaconda mining expands the tilt cove project and identifies key exploration targets TORONTO, May 9, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has significantly expanded the footprint of its Tilt Cove Project, located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill. Anaconda has consolidated a significant property package covering a 20 kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane with a record of past gold and copper production. The Tilt Cove Project now comprises a total of 5,700 hectares (228 claims in 20 licenses and 1 mining lease) of prospective mineral lands acquired via a combination of staking by the Company and the execution of option agreements. Highlights of the Tilt Cove Project include: Anaconda Mining Inc--Anaconda Mining Expands the Tilt Cove Proje Large land position that has been consolidated for gold exploration for the first time in 20 years with 20 kilometres of prospective strike; Includes the Nugget Pond Horizon, which hosts the past-producing high-grade Nugget Pond Mine that produced 168,748 ounces and an average grade of 9.85 g/t gold; Nugget Pond mineralization is similar to other Banded-Iron-Formation hosted lode gold deposits, such as Meadowbank, Lupin, Meliadine and Homestake; Includes the Venams Bight Formation, which hosts the Pine Cove Mine at the Point Rousse Project; Significant high-grade historical drill intercepts and the identification of 12 high-priority gold exploration targets including: 6.77 g/t gold over 5.0 metres in hole BC-89-02; 11.20 g/t gold over 1.1 metres in hole BC-89-01; 8.82 g/t gold over 1.0 metre in hole NBC-96-01; and Past-producing copper mines including the Tilt Cove and Betts Cove Mines. "We saw the rare opportunity to assemble a large land package immediately along strike from the past producing, high-grade, Nugget Pond mine, which had an average mine grade of 9.85 g/t gold. With some previous high-grade gold drill intercepts ready for follow up drilling and the identification of twelve exploration targets, the Tilt Cove Project provides an immediate opportunity to discover other high-grade gold deposits. The Project is also underlain by the same geology that hosts the Pine Cove and Stog'er Tight Mines as well as the Argyle Deposit, further increasing its prospectivity. With the history of discovery within these horizons and the access to the Company's operational Pine Cove Mill and long-term tailings facility, we believe this is an excellent opportunity to make the next high-grade gold discovery in the prolific Baie Verte Mining District." ~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc. Field work at the Tilt Cove Project will commence in June and will include site investigations of all exploration sites, review of historic core, geological mapping, soil geochemistry, prospecting as well as an airborne EM and magnetic survey over the Project area. This work will be followed by drill testing of the priority exploration targets. Exploration Targets on the Tilt Cove Project The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas. Nugget Pond Target Area The Nugget Pond Target is a 7.5 kilometre zone along the Nugget Pond Horizon extending northeast from the Nugget Pond Mine to the Tilt Cove Mine. There are four key exploration targets that are prospective for Nugget Pond-style mineralization on the Property as follows: East Pond Prospect – The East Pond Zone comprises a minimum 800-metre long segment of the Nugget Pond Horizon beneath East Pond. Diamond drilling in 1997 and 1998 from the north side of East Pond intersected gold mineralization in the footwall of the Nugget Pond Horizon similar to footwall style mineralization at the Nugget Pond Mine. This suggests that the Nugget Pond Horizon above these holes may be mineralized and that these holes intersected northwest oriented mineralized structures like those at the Nugget Pond Mine. West Pond Prospect – The West Pond Zone comprises a minimum 1.3-kilometre long target beneath West Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east and west shores of the pond where gold mineralization has been sampled. Continuation of the horizon under the pond is inferred from combined magnetic and IP conductivity data. There is a strong combined till and soil anomaly that extends down ice (SW) from the Nugget Pond Horizon for at least 600 metres. The Nugget Pond Horizon in this area is associated with a break in the magnetic trend indicative of alteration and magnetic destruction associated with a cross-cutting northwest oriented fault, similar to that present at the Nugget Pond Mine. The combined soil geochemical and geophysical features make this an attractive target for follow up drilling testing. Red Cliff Pond Zone – The Red Cliff Pond Zone comprises a minimum 1.2-kilometre long target beneath and adjacent to Red Cliff Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east shore of the pond where gold mineralization, assaying up to 5.56 g/t gold, has been sampled at the Low Water Prospect. Several anomalous gold bearing soils are clustered around and to the southeast of the projection of the Nugget Pond Horizon. Drill testing of the Low Water Prospect returned gold assays of 1.92 g/t gold over 4.3 metres. Long Pond South Trend – A 4.0-kilometre long section of the Nugget Pond Horizon to the east of Red Cliff Pond that has some existing soil anomalies but is generally lacking full soil coverage. Follow-up prospecting and soil sampling is warranted in this area. Betts Cove Target Area Betts Cove Mine – At the Betts Cove Mine disseminated to massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts, particularly within a chlorite schist unit that may represent a sheared alteration zone; a similar setting to the Tilt Cove Mine 20 kilometres to the northeast along strike. A zone of gold mineralization has been intersected by drilling in 1989 and 1996 at the Betts Cove Mine area. Four of the drill holes testing the deposit returned significant gold intercepts including: 4.48 g/t gold over 4.0 metres (from 52.0 to 56.0 metres), including 11.20 g/t gold over 1.1 metres in hole BC-89-01; 6.77 g/t gold over 5.0 metres (from 63.1 to 68.1 metres) in hole BC-89-02; 1.87 g/t gold over 13.0 metres (from 63.5 to 76.5 metres) including 7.50 g/t gold over 0.5 metres and 8.82 g/t gold over 1.0 metre in hole NBC-96-01; and 4.59 g/t gold over 1.5 metres (from 63.5 to 65.0 metres) in hole NBC-96-02. The gold zone intersected in these drill holes is spatially displaced from the copper zone historically mined at Betts Cove. The zone is seemingly flat lying and intersected over an approximately 200 by 50 metre area that is open to the southwest. Potential exists to expand this zone of mineralization along strike. Mount Misery Prospect – The Mount Misery prospect is located 1.2 kilometres northeast of the Betts Cove Mine and 2.7 kilometres southwest of the Nugget Pond Mine. The prospect has similar geology to the nearby Betts Cove Mine where disseminated to semi-massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts. Grab samples from the Mount Misery prospect assay up to 2.96 g/t gold. Drilling completed in 1997 intersected disseminated and stringer sulphides that assayed 2.30 g/t gold over 1.5 metres (from 57.0 to 58.5 metres) and 2.24 g/t gold over 1.0 metre (from 113.0 to 114.0 metres). Read full article here.
  7. Abcourt's directors have approved a $1.6M exploration program on the sleeping giant, discovery and flordin gold properties Sleeping Giant mine, vein 8 At the Sleeping Giant mine, the objective is to explore the upper part of vein 8 by diamond drilling.A total of 6,000 meters is planned. In the past, vein 8 was mined from level 485 m to level 975 m,where the vein is relatively closer to shaft No 2. The production totalled 628,000 tonnes with gradeof 12.12 g/t Au. Some lateral extensions were left as shown by several intersections shown on thevertical projection of the plan attached.On the upper levels, with a 32o to 45o dip the vein moves away from shaft No 2 as it goes up. In thepast, with low gold prices, the exploration and mining of this part of vein 8 was not consideredfeasible.With the current gold price ($1,500 US or $2,000 CDA) our mine geologist considers the upper partof vein 8 as a very nice exploration target with a potential of 1,3 M tonnes of mineralization with agrade of about 12 g/t of gold. Discovery Project The Discovery property covers the Cameron deformation corridor in the western extension of theFlordin property held 100% by Abcourt and the Cameron Shear property held 50% by Jien CanadaMining Ltd and 50% by Abcourt Mines Inc. The property was acquired from Deloitte RestructuringInc. on February 23, 2016. There is no royalty to pay.The Discovery property is located 60 km to the north-west of the Lebel-Sur-Quévillon municipality,Quebec, Canada. It is located on the SNRC 32F/06 map and straddle the Desjardins and Bruneautownships border line. The property is located on the Lac Simon Algonquin land of category III. Itconsists in 83 mining titles (CDC) totaling 4,165.7 hectares.The gold mineralization on the Discovery property is found in veins. It is made up of 1 to 5%pyrrhotite and pyrite associated with quartz-ankerite. Walls are sometimes albitized and silicified.The sulfides are disseminated or injected in irregular or tension fractures. Several drilling programs were done and mineral resources were calculated in the past, but asadditional holes were drilled after the calculation of resources, Abcourt does not believe that theseresources are suitable for disclosure.Most of the drilling in the past was done to outline several veins or mineralized zones from surfaceto a depth of about 300 meters. The 2019 drilling program is planned to find the depth extension ofthis mineralized zone. Flordin Project The Flordin property consists in twenty-five (25) mining titles in the Desjardins and Franquettownships located about 40 km to the north of the Lebel-Sur-Quévillon municipality. There is noroyalty to pay. The property was acquired from Deloitte Restructuring Inc. on February 23, 2016.The property covers the Cameron deformation corridor over almost 4 km in the eastern extensionof the Discovery property, held 100% by Abcourt and the Cameron Shear property held 50% byJien Canada Mining Ltd and 50% by Abcourt Mines Inc. as mentioned previously.The approximate UTM coordinates of the main showing are 358,740 E and 463,840 N (zone 18).The property is located in the Lac Simon Algonquin category III territory.Mineralization extends over a distance of 3 Km. In the past, several holes were drilled and aresource calculation was done by InnovExplo in 2011, but Abcourt does not consider thesecalculations as current and does not believe they are suitable for publication.In 1987-1988, a ramp was excavated in zone B and two bulk samples were taken. The bulksample mineralization was treated at the Bachelor mill and the following results were obtained: 5,174 tonnes at 2.51 g/t Au in 1987 (Sullivan/Bachelor) 4,053 tonnes at 4.25 g/t Au in 1988 (Cambior/Bachelor)The objective of the 2019 drilling campaign is to outline at depth some of the best goldintersections obtained previously in the 2010 and 2011 drilling by NAP Quebec Inc.On the Discovery and Flordin properties, it is planned to drill about 10,000 meters. Please check the full version of the press release here.
  8. I started investing, the amount is not huge yet, but I am feeling good as a start. What appeals to you the most to considering investing, whether in stocks or bonds? If this is the circumstances, will you give it a go? The Philippines adopts Canada’s Towards Sustainable Mining® initiative he Chamber of Mines of the Philippines (COMP) today announced that it will adopt the Towards Sustainable Mining® (TSM®) initiative, a mining sustainability standard developed by the Mining Association of Canada (MAC). This is the first time that TSM has been adopted by a mining association in Southeast Asia. COMP is the fourth national mining association outside of Canada to adopt TSM in the span of less than two years, underscoring the program’s growing global presence. The national mining associations of Finland (FinnMin), Argentina (Cámara Argentina de Empresarios Mineros), and Botswana (Botswana Chamber of Mines) are currently implementing TSM. MAC and its members launched TSM in 2004. Implementation of the program is mandatory for all MAC members’ Canadian operations, but many voluntarily apply it to their international sites. MAC freely shares TSM with other countries seeking tools to improve the environmental and social performance of their mining industries, including engagement with civil society and enhanced transparency and accountability. TSM requires mining companies to annually assess their facilities’ performance in key areas, including tailings management, community outreach, safety and health, biodiversity conservation, crisis management, and energy use and greenhouse gas emissions management. The results are freely available to the public and are externally-verified every three years to ensure what has been reported is accurate. While COMP will tailor its performance areas so that they reflect the unique aspects of its domestic mining sector, they will strongly align with those of Canada’s. To ensure TSM reflects the expectations of civil society and industry stakeholders, it was designed and continues to be shaped by an independent, multi-interest advisory panel. As part of its implementation, COMP will implement a similar advisory body to provide this valuable oversight function. QUOTES “There is so much that minerals development, done responsibly, can contribute to the economy of a nation and to the welfare of mining communities, as shown by numerous examples in the Philippines. The adoption of TSM by members of the Chamber of Mines is intended to institutionalize practices that secure these contributions for the long term,” stated Gerard H. Brimo, Chairman of the Chamber of Mines of the Philippines, and President and CEO of the Nickel Asia Corporation. “It is our privilege to share our tools and expertise in sustainable mining practices with the world. With the Philippines’ adoption of TSM, we’re proud to say that our made-in-Canada program is now in five countries on five continents. We applaud the Chamber of Mines of the Philippines for taking this important step forward as it works to enhance its industry’s environmental and social performance,” stated Pierre Gratton, President and CEO, MAC. Credits to this press release.
  9. Hi everyone! Newbie to this forum site. I am into stocks and bonds, not a big player yet, but hoping to get there sooner.

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