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ABOUTJoin Silver Hammer Mining, Blackrock Silver, and Summa Silver for a panel discussion where they discuss the benefits of being a silver investor during turbulent economic and political times.
About Blackrock Silver Blackrock’s flagship Tonopah West project consolidates the western half of the famed Tonopah Silver District within the Walker Lane trend of Nevada. Known as the Queen of the Silver Camps, the Tonopah Silver District produced over 174.0 million ounces of silver and 1.8 million ounces of gold from approximately 7.5 million tonnes of high-grade silver-gold, making it one of the most significant silver-gold districts in North America. As the first group to target the historic workings on the property since production shut down nearly 100 years ago, Blackrock has completed in excess of 110,000 metres of exploration drilling since 2020, including a 50,000-metre infill program. Blackrock is quickly and methodically moving to advance the project, with a maiden resource estimate expected during Q1 2022, and has a 9,000-metre blue-sky exploration drill program underway to test new district-scale targets.
About Silver Hammer Mining Silver Hammer is a junior resource company advancing the past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, U.S. and both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada. Silver Hammer strives to become a multi-mine silver producer focusing on near-term exploration and drilling plans at its Idaho and Nevada silver-gold assets.
About Summa Silver Summa Silver is a Canadian junior mineral exploration company. It has options to earn 100% interest in the Hughes property, located in central Nevada, and the Mogollon property, located in southwestern New Mexico. The Hughes property is host to the high-grade past-producing Belmont Mine, one of the most prolific silver producers in the U.S. between 1903 and 1929. The mine has remained inactive since commercial production ceased in 1929 because of heavily depressed metal prices; little to no modern exploration work has been completed prior to Summa Silver acquiring an interest in the property.
Andrew PollardPresident & CEO, Director of Blackrock SilverPrior to joining Blackrock as President & CEO in 2019, Andrew Pollard had established himself as a sought-after management consultant within the mining industry.
Mr. Pollard founded the Mining Recruitment Group Ltd (MRG) in 2006 and has amassed a “Who’s Who” network in the mining & finance world, leveraging his personal relationships to help shape what has become some of the most prominent and successful resource companies.
In a sector where management is crucial, he has served as a trusted advisor to exploration companies and producers ranging in size from seed round through to over $100 billion in market capitalization.
Galen McNamaraCEO & Director of Summa SilverCo-founder and geologist with over 15 years of discovery and capital markets experience, former Senior Project Manager at NexGen Energy, Co-founder and Chairman of Goldshore Resources and Angold Resources.
Jeff ClarkSenior Precious Metals Analyst at GoldSilver.comJeff Clark is the Senior Precious Metals Analyst at GoldSilver.com. He is the son of an award-winning gold panner, with family-owned mining claims in California, Arizona, and Nevada, and has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including spending 10 years as senior editor for the world-renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman.
Morgan LekstromPresident & CEO of Silver Hammer MiningMr. Lekstrom has 14 years mining experience in progressively senior roles in project, operations, and engineering management and has a strong leadership background with experience overseeing 100+ person teams onsite. In a recent role, Mr. Lekstrom served as Engineering Manager responsible for the budgeting, scheduling and the first phases of execution at Sabina Gold and Silver’s Back River Marine Laydown Project. Prior to that, Mr. Lekstrom spent two years in Ghana, West Africa where he played an integral role in the development and revival of Golden Star Resources’ Prestea underground mine. He led project, engineering, and maintenance teams and worked with members of the executive team on the implementation of various strategic initiatives. A graduate of Thompson Rivers University, Mr. Lekstrom has an established track record delivering successes across numerous projects worldwide.
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TORONTO and NEW YORK, April 14, 2022 /CNW/ – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) (OTCQX: MPVD) today announces production and sales results for the first quarter ended March 31, 2022 (“the Quarter” or “Q1 2022”) from the Gahcho Kué Diamond Mine (“GK Mine”). All figures are expressed in Canadian dollars unless otherwise noted.
Q1 Production Takeaways
(all figures reported on a 100% basis unless otherwise stated)
1,018,722 ore tonnes mined, a 98% increase relative to last year’s comparable quarter (Q1 2021: 515,002 ore tonnes mined)1
1,185,156 carats recovered, 15% lower than last year’s comparable quarter (Q1 2021: 1,392,128 carats)
Average grade of 1.68 carats per tonne, a 25% decrease relative to Q1 2021 (2.23 carats per tonne)
Q1 2022 Production Figures
2022 Q1
2021 Q11
YoY Variance
Total tonnes mined (ore and waste)
8,167,801
5,604,562
46%
Ore tonnes mined
1,018,722
515,002
98%
Ore tonnes treated
707,553
625,582
13%
Carats recovered
1,185,156
1,392,128
-15%
Carats recovered (49% share)
580,726
682,143
-15%
Recovered grade (carats per tonne)
1.68
2.23
-25%
Note 1: Q1 2021 Production impacted by 22-day unplanned operational stand-down in February due to measures taken to limit spread of Covid-19 at Gahcho Kué
As previously disclosed along with the Company’s year-end filings, during the first quarter of 2022 additional unmodeled resource was encountered, carrying a lower grade than planned mining areas. The incremental, previously unmodeled Kimberlite will be incorporated into the stockpile strategy throughout 2022, with the net effect of increasing Life-of-Mine ore tonnes and cash-flow while also decreasing processed grade. It is seen as a positive by Mountain Province that more diamond bearing ore is being mined than was previously included in the mine plan. Additionally, recovered grade in the quarter was impacted by higher-than-planned mining dilution. Initiatives are underway to correct this going forward.
Q1 Sales Results
As previously disclosed, during the quarter, 506,567 carats were sold for total proceeds of $84.7 million (US$66.7 million) resulting in an average value of $167 per carat (US$132 per carat). This is a 52% increase relative to the average value per carat in Q4 2021 of $110 per carat (US$86 per carat). The increase in average values in Q1 reflected the increase in demand across the rough diamond market, and the fact that upstream stock levels are now believed to reflect operating inventories only.
Mark Wall, the Company’s President and Chief Executive Officer, commented:
“The discovery of incremental, previously unmodeled Kimberlite ore is a positive for the operation and reflects the significant opportunities for additional diamonds to be discovered at the Gahcho Kué mine. Additionally, I’m pleased to say that the operational effects of the late-2021/early 2022 Omicron outbreak at site are now largely behind us and the unplanned failure at the primary crusher is repaired, with additional crusher optimization opportunities identified. After a slower than expected Q1 we are working with our joint venture partner to make the necessary improvements.”
****
About Mountain Province Diamonds Inc.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 107,373 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company’s website at www.mountainprovince.com.
Qualified Person
The disclosure in this news release of scientific and technical information regarding Mountain Province’s mineral properties has been reviewed and approved by Tom E. McCandless, Ph.D., P.Geo., and Matthew MacPhail, P.Eng, MBA, both employees of Mountain Province Diamonds Inc. and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Caution Regarding Forward Looking Information This news release contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as COVID-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “anticipates,” “may,” “can,” “plans,” “believes,” “estimates,” “expects,” “projects,” “targets,” “intends,” “likely,” “will,” “should,” “to be”, “potential” and other similar words, or statements that certain events or conditions “may”, “should” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to COVID-19, including, but not limited to protocols which may be adopted to reduce the spread of COVID-19 and any impact of such protocols on Mountain Province’s business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.
These factors are discussed in greater detail in Mountain Province’s most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province’s Board of Directors, subject to the limitations under the Company’s debt facilities, and will depend on Mountain Province’s financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.
Burlington, Ontario–(Newsfile Corp. – April 11, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (“SBMI” or “the Company”) is pleased to announce that on April 11, 2022 its common shares will commence trading on the OTCQB under the symbol SBMCF. The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol SBMI.
“We listed on the TSX Venture Exchange on December 6, 2021,” said A. John Carter, SBMI’s CEO. “Since we have been repeatedly contacted by U.S-based investors seeking to participate in our story. The only real option to accommodate them was to expand onto the OTCQB.”
The OTCQB is a US trading platform operated by the OTC Markets Group and is the premier marketplace for entrepreneurial and development stage U.S. and international companies committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
The OTCQB listing has the potential to further enhance trading volumes through an expansion of investment advisers’ ability to recommend investments to their U.S. clients. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Please check the Company’s website www.silverbulletmines.com, or follow on Twitter @bulletmines or at YouTube “Silver Bullet Mines”.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522TSX_Venture_Exchange%253BSilver_bullet%253BCompany%253BOTC_Markets_Group%253BInvestor%2522%252C%2522lmsid%2522%253A%2522a0V0W00000HOPDcUAP%2522%252C%2522revsp%2522%253A%2522newsfile_64%2522%252C%2522lpstaid%2522%253A%2522aeca4172-e98f-39cc-88e6-0c11bf3923bc%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
Silver Bullet Mines Corp. trades on the TSX Venture Exchange under the symbol SBMI and on the OTCQB Venture Market under the symbol SBMCF. The OTCQB Venture Market is for early stage and developing U.S. and international companies. Companies listed there are current in their reporting and undergo an annual verification and management certification process. Investors can find current financial disclosure for the Company on www.otcmarkets.com and at https://money.tmx.com/en/quote/SBMI .
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
You would tend to think that after as many false flag operations as the US has behind them, they would start getting better at it. But no, they are just as bad at it as they have ever been.
The whole Ukraine fiasco was created out of whole cloth by the US and the Neocons on behalf of Soros, the Davos gang, Bill Gates and Klaus Schwab. The Rand corporation planned it three years ago.
Zelensky has been playing sock puppet for Nato for years. He’s good at it; he is after all an actor. And while the Russians have been kicking the shit out of the Ukrainians, Zelensky doesn’t care how many of his countrymen die. The latest false flag is the massacre of civilians in Bucha. Zelensky thinks the world is so stupid that they will take his word for the war crimes without investigation. Alas, the murders took place after the Russians left and after the Nazis moved back in. Clearly the world needs to investigate the activities of the Nazis who have been committing war crimes going all the way back to the US sponsored coup in 2014.
In 2014 someone encouraged snipers to go to the top of tall buildings and shoot anyone they wanted, both protestors and police. But if you think about it, the protestors wouldn’t shoot protestors. Likewise the police wouldn’t shoot the police. But Victoria Nuland wanted international attention to the terrible nature of the legally elected government of the country so she told her Nazi friends to shoot at both sides.
She understood that the international community wouldn’t get into an uproar unless something terrible happened. She told the Nazis that the world would pay attention only when a hundred or more of the people in the square were killed. So the Nazis killed exactly one hundred and we got our regime change. Thanks Victoria, the world owes you for your contribution. I do hope you live long enough to make it to the war crimes trials to be held after your tiny little WW III ends.
Putin put Russia and the world back on a gold standard on March 28th. Russia understands it. Clearly they planned it. But the world is still clueless. The EU has a simple choice. They can remain a lap dog for an out of control US or they can wake up and smell the roses.
When I say out of control, Biden vetoed the Keystone Pipeline and is refusing to allow new drilling on Federal ground. At the same time he has approached both Venezuela and Iran and begged them for fuel. And no doubt the actions of Putin in trying to defend Russian borders has him utterly confused, after all two million illegal immigrants have entered the US in the last year.
In 2009 Quinton Hennigh and I went to Tanzania to visit a gold project I had there. We chatted about a lot of things including how a gold standard should be administered. Quinton came up with a set of coins in both gold and silver that we felt should be the form of exchange.
I’m told that some $4.2 trillion a day is traded in the foreign exchange markets. If every country went to a gold standard based on grams rather than Dollars or Rubles or Pounds billions of dollars in fees could be saved.
China obviously is part of Russia’s new gold standard. It is taking the rest of the world longer to wake up. Germany canceled the Nord Stream 2 pipeline in a fit of pique to teach Russia a lesson. Evidentially they are going to punish Russia by shutting down the German economy. Just a couple of days ago the EU announced a ban on Potash from either Russia or Belarus. If Germany can be brave enough to be willing to shut down their economy in support of the most corrupt country in Europe, in an act of solidarity the EU is willing to let their members starve.
I do hope aliens do not exist. In spite of a lot of evidence that suggests they do exist, I just want to hope they don’t. Looking at the “leaders” of this world would convince any half smart alien that this world is an insane asylum.
VANCOUVER, BC / ACCESSWIRE / April 7, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) is pleased to report that the Company has completed hole CVZ-72 (PH-06) on its Zeus lithium clay deposit in Nevada to a total depth of 428ft (130.5m). Visual inspection of the core confirmed that clays previously shown to be high in lithium grades appeared near surface and extended down to a depth of 400ft (121.9m) for a total drilled intersection of 323ft (98.4m).
Figure 1 – Two boxes of core from CVZ-72. The box on the left is from depths of 253-261.5ft (77.1-79.7m) and shows some of the black, highly reduced mudstone/claystone. The box on the right is from 288.5-298ft (87.9-90.8m) and is typical of the somewhat less reduced blue mudstone/claystone. From past drilling experience, both lithologic units are usually high in lithium content.
Figure 2 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1 currently underway. Phase VI holes are indicated in purple.
“We are incredibly pleased with the results from CVZ-72 albeit not surprised. Drill hole CVZ-72 was completed at 428ft (130.5m) and had predictably encouraging lithologies. Past programs have shown this to be highly mineralized material. This is exactly what one would like to see with infill drilling. Figure 3 below shows a cross section with CVZ-72 and two adjacent, previously drilled holes. The blue, green, black and magenta layers in the figure indicate claystone layers that have been shown to host the higher lithium assays from past drilling as is shown by the histograms of lithium values on the two adjacent holes. The adjacent CVZ-68 was one of the better high-grade holes with a very thick clay intercept. The drill intercepts thus far continue to be very encouraging” commented Brad Peek M.Sc. CPG., VP of Exploration and Qualified Person for this and all 5 of the previous drilling phases of Noram’s Zeus lithium property.
Figure 3. Comparative lithology for drill holes CVZ-72 as compared to CVZ-53 and CVZ-68, which were drilled as part of the Phase IV and V programs. CVZ-53 and CVZ-68 had long intercepts of high grade lithium. All of the lithology units except the brown mudstones have relatively high lithium concentrations in previous drill holes on the property. The histogram on the sides of CVZ-53 and CVZ-68 are the 5m composited lithium grades in ppm Li. The section has a 4X vertical exaggeration.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Nor-Am_Cup%253BLithium_carbonate%253BNevada%253BCompany%253BLithium%253BZeus%253BDrilling%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%25226625f156-2f2a-3a3c-a183-387a2f813ed1%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D
CVZ-72 is the second of the 12-hole Phase VI drilling program which is expected to upgrade approximately 175 million tonnes of the current 827 million tonne Inferred Resource to the Indicated category. Core samples from CVZ-72 have been shipped to ALS Laboratory in Reno, Nevada for assay processing on a “rush” basis. Assay results are pending.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.
The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).
Given unprecedented movements in the nickel price, the LME has made a number of announcements including:
Nickel trading update: Consolidated Guidance on Disruption Events and Updated Guidance on the calculation of Monthly Average Settlement Prices (See notice 22/092).
Nickel trading update: Prohibition of Order Submission Outside Daily Price Limits (See notice 22/090)
YERINGTON, Nev., April 01, 2022 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)(FSE: ZYTA) (“Nevada Copper” or the “Company”) today announced filing of its audited consolidated annual financial statements, the related management’s discussion and analysis and Annual Information Form for the year ended December 31, 2021 on SEDAR. These documents are available on the Company’s website at www.nevadacopper.com and the Company’s SEDAR profile at www.sedar.com.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP. www.nevadacopper.com
Randy Buffington, President and CEO
For further information contact: Rich Matthews, Investor Relations Integrous Communications rmatthews@integcom.us +1 604 757 7179
VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Sandy MacDougall, CEO of Noram Lithium Corp. (“Noram” or the “Company“) (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) is pleased to report that the Company has completed hole CVZ-70 on its Zeus lithium clay deposit in Nevada to a total depth of 463 ft (141.1m). When logging and visual inspection of the core was completed, it was noted that mineralization appeared immediately near surface and extended down to approximately 387.0 ft (138m) for a total intersection of 380ft (116m).
Figure 1 shows the Zeus project drilling to date with the various drilling phases color coded. The arrow points to the recently completed CVZ-70 hole. Other planned Phase VI holes are indicated in purple.
Figure 1 – Location of all past drill holes (Phase I to Phase V) previously completed in addition to the 12 proposed holes for Phase V1 currently underway. CVZ-70 and other planned Phase VI holes are indicated in purple.
“Drill hole CVZ-70 is an incredibly encouraging hole for Noram. Figure 2 below shows a cross section with CVZ-70 and two adjacent, previously drilled, holes. The blue, green, black and magenta layers in the figure indicate claystone layers that have been shown to host the higher lithium assays from past drilling. The 380-foot (116-meter) intersection in CVZ-62 was one of the thickest claystone intersections by far. CVZ-70 appears to likely rival this and prior holes from prior programs. Thicker intersections such as this one will have profound implications on future resource tonnage calculations” commented Brad Peek M.Sc. CPG., VP of Exploration and Qualified Person for this and all 5 of the previous drilling phases of Noram’s Zeus lithium property.
Figure 2. Comparative stratigraphy for drill holes CVZ-70 as compared to CVZ-61 and CVZ-62, which were drilled as part of the Phase V program. CVZ-61 and CVZ-62 were two of the longest intercepts drilled on the property to date. All of the claystone units except the brown silty claystone have relatively high lithium concentrations in previous drill holes on the property. The histogram on the sides of CVZ-61 and CVZ-62 are the composited lithium grades in ppm Li.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%2522%252C%2522wiki_topics%2522%253A%2522Nor-Am_Cup%253BLithium_carbonate%253BNevada%253BCompany%253BZeus%253BLithium%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%25221847405a-34aa-3752-a2c5-fbf07da729f3%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D
CVZ-70 is the first of the 12-hole Phase VI drilling program which is expected to upgrade approximately 175 million tonnes of the current 827 million tonne Inferred Resource to the Indicated category. Core samples from CVZ-70 have been shipped to ALS Laboratory in Reno, Nevada for assay processing on a “rush” basis. Assay results are pending.
The technical information contained in this news release has been reviewed and approved by Brad Peek., M.Sc., CPG, who is a Qualified Person with respect to Noram’s Clayton Valley Lithium Project as defined under National Instrument 43-101.
About Noram Lithium Corp.
Noram Lithium Corp. (TSXV: NRM | OTCQB: NRVTF | Frankfurt: N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and treasury exceeding US$18 million. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study in 2022.
The Company’s flagship asset is the Zeus Lithium Project (“Zeus”), located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV(8) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,000/tonne, the PEA indicates an NPV (8%) of approximately US$2.6 Billion and an IRR of 52% at US$14,250/tonne LCE.
Sandy MacDougall Chief Executive Officer and Director C: 778.999.2159
For additional information please contact: Peter A. Ball President and Chief Operating Officer peter@noramlithiumcorp.com C: 778.344.4653
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws. *Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021) **Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).
VANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Metallic Minerals (TSXV:MMG)(OTCQB:MMNGF) (“Metallic Minerals” or the “Company“) is pleased to announce the appointment of Mr. Scott Petsel as President of the Company, effective immediately. Mr. Petsel has been Vice President of Exploration for Metallic Minerals since 2016 and will be supported in this key executive leadership position by Chairman and CEO, Greg Johnson.
Mr. Scott Petsel, MBA, P.Geo., has over 34 years of experience in all facets of mineral exploration with particular focus on large scale precious and base metals systems. In addition to having extensive international experience, he has spent more than 20 years working in the Yukon, Alaska and British Columbia on significant advanced exploration and development stage projects including the Galore copper-gold-silver project (Teck/Newmont), Donlin gold project (NovaGold/Barrick), Upper Kobuk copper-zinc-silver-gold projects (Trilogy/South 32), and the Kensington gold mine (Coeur) amongst others. Mr Petsel received his geology degree from Fort Lewis College in Durango, Colorado, near Metallic’s La Plata Project, and his MBA at the University of Nevada, Las Vegas. His extensive experience in, and knowledge of, the jurisdictions where Metallic Minerals is active represents a great asset to the Company.
Scott Petsel, Metallic Minerals President, stated, “I look forward to this expanded role with Metallic Minerals, engaging with the shareholder base and broader investment community in collaboration with, Greg, and working with our strong technical teams to advance our exceptional portfolio of assets. It’s an exciting time in the precious and base metals markets for a dynamic exploration and development company like Metallic Minerals. We expect 2022 to be pivotal year for the Company and we have significant and substantive news to deliver over the ensuing weeks, including the Company’s inaugural resource estimate at La Plata and a robust and dynamic field exploration season on all three of the Company’s projects.”
Metallic Minerals Chairman & CEO, Greg Johnson, stated, “Through his successful career, Scott has repeatedly demonstrated the ability to recognize potential tier one quality deposits, efficiently advancing significant exploration projects through discovery, resource expansion, and subsequent engineering and de-risking to generate shareholder value. Scott is a leader and consensus builder with extensive ESG experience developed through his hands-on engagement with First Nations, Alaska Native Corporations and local communities. As the Company enters this next period of rapid development on multiple projects, I am confident that Scott will contribute significantly to Metallic Minerals in this expanded role going forward.”
About Metallic Minerals
Metallic Minerals Corp. is a growth-stage exploration company, focused on high-grade silver, gold and copper projects in underexplored, brownfields mining districts of North America. Our objective is to create shareholder value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district through new discoveries and advancing resources to development. Metallic Minerals has consolidated the second-largest land position in the historic Keno Hill silver district of Canada’s Yukon Territory, directly adjacent to Alexco Resource Corp’s operations, with nearly 300 million ounces of high-grade silver in past production and current M&I resources. In addition, exploration at the recently acquired La Plata silver-gold-copper project in southwestern Colorado is targeting a silver and gold-enriched copper porphyry and adjacent high-grade silver and gold epithermal systems. The Company also continues to add new production royalty leases on its holdings in the Klondike gold district in the Yukon. All three districts have seen significant mineral production and have existing infrastructure, including power and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success on several major precious and base metal deposits, as well as having large-scale development, permitting and project financing expertise.https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1480989%253B1481489%253B1577000%253B1580500%2522%252C%2522hashtag%2522%253A%25221542500%253B1480989%253B1481489%253B1577000%253B1580500%2522%252C%2522wiki_topics%2522%253A%2522La_Plata%253BCompany%253BScotty_(Star_Trek)%253BMining_engineering%253BMineral%253BKlondike_Gold_Rush%253BExploration%253BBase_metal%2522%252C%2522lmsid%2522%253A%2522a077000000LnOyOAAV%2522%252C%2522revsp%2522%253A%2522accesswire.ca%2522%252C%2522lpstaid%2522%253A%252215bf794c-3e55-3efd-bd26-8a63306ab511%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D
About the Metallic Group of Companies
The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of silver and gold, platinum and palladium, and copper. Member companies include Metallic Minerals in the Yukon’s high-grade Keno Hill silver district and La Plata silver-gold-copper district of Colorado, Group Ten Metals in the Stillwater PGM-nickel-copper district of Montana, and Granite Creek Copper in the Yukon’s Minto copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers. With this expertise, the companies are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven, but under-explored, mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada, and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Original Source: https://oec.world/en/blog/post/affects-of-russian-invasion-of-ukraine-on-global-food-access
The Russian invasion of Ukraine is endangering, even more, the supply of food. Russia and Ukraine play a critical role in food production. In 2019, for example, the two countries accounted for sixteen percent of global exports of cereals, including wheat, barley, sunflowers, and corn. Moreover, the U.S., Russia, and Ukraine dispute the top spots in global exports with Brazil, Argentina, and Canada. Although we don’t have 2021 data for Ukraine, as recent as 2019, the country referred to as “the breadbasket of Europe” was the fourth largest exporter of cereals worldwide.View in Trend Explorer →
The drought and supply chain disruptions have impacted food trade and driven prices to historic highs. Cereals, for example, set record prices in 2021, increasing 48% in the last five years. Higher prices are the result of a historic drought affecting crops in the U.S., and value chain bottlenecks. With the Russian invasion of Ukraine, we will experience even higher prices and reduced access to food. With the war, there will be less production of crops, reduced trade, and higher costs of fuel, fertilizers, and other agricultural inputs linked to oil and gas prices.
With the invasion, cereal exports from Ukraine will virtually stop, and financial sanctions will likely affect exports from Russia, threatening food security worldwide. In addition, the war will impact food access in several countries: Egypt, Turkey, Iran, Bangladesh, Nigeria, Morocco, Yemen, Tunisia, Azerbaijan, and Sudan, among others. In 2019, these ten countries imported $20.9B in cereals, almost 44% from Russia and Ukrain.
But two countries are facing a bigger problem with constrained supply.Egypt and Turkey account for 17% of global wheat imports, and they are also the biggest importers of wheat from Ukraine and Russia.
In 2019, these two countries imported $6.82B of wheat; 71% came from Russia and Ukraine. And those numbers have grown more. In 2021, for example, Egypt imported $1.39B from Russia, an annual growth of $65.7M (34.1%).
Wheat is essential for Egyptians’ diet. People in Egypt consume bread at twice the global average.View in Trend Explorer →
And it’s not only Egypt: more than 95% of Russia and Ukraine’s cereal exports to Africa are wheat. In 2021, for example, Russia exported $2.84B of this crop to Africa, an annual growth of $42.2M (11.8%).View in Trend Explorer →
The war comes as wheat imports by Turkey and Iran will double in 2022 as a regional drought limits domestic production in these countries. In 2021, for example, Turkey imported 6.7 million tons of wheat ($1.58B) from Russia, an increase of $10.9M (5.26%) in one year. And Ukraine ranks second.View in Trend Explorer →View in Trend Explorer →
Egypt, Turkey, and many other countries in Africa and Asia will see their wheat supply cut dramatically. There’s a need to find alternative suppliers. There is a country that exports as much wheat as Russia: the U.S.View in Trend Explorer →
The U.S. continues to be one of the world’s largest wheat producers, with close to 17% of global exports. On average, the U.S. exports 50% of wheat grown. In 2021, the U.S. exported $7.29B of wheat.View in Trend Explorer →
The U.S. is the biggest exporter of cereals globally, with $30.5B in 2021. However, two-thirds are corn ($19.4B), and $7.68B are wheat.View in Trend Explorer →
Most wheat exports from the U.S. go to Asia and North America. In 2021, the U.S. exported only $68M to Africa and none to Turkey.
There is only one big problem with American wheat exports; they are declining. In 2021, the U.S. exported 1.48B of metric tons of the crop, 23% less than the previous year.
A historic drought in the U.S. is grasping an area responsible for a fifth of fruits, cereals, and vegetable exports globally. From the Gulf of Mexico to the North Pacific to Main Street, farmers, ranchers, and consumers face the painful effects of the Great American Drought. As heatwaves get more extreme and frequent, we are experiencing a point upward from the High Plains to West to South.
Oregon, Texas, and Louisiana concentrated more than 90% of wheat exports in 2021. However, the drought has affected 41% of yields in the U.S., reducing exports by 29% metric tons and increasing the prices of flour and other wheat products.View in Trend Explorer →
The drought is also affecting other wheat exporters. France, responsable for around ten percent of global exports of wheat, has decreased its exports too due to bad weather. In 2020, for example, wheat harvest was 25% less than 2019 because of unfavorable weather conditions. A once in 100 year drought is also affecting Argentina, a country with five percent of wheat exports.
Russia’s invasion of Ukraine poses severe risks to global food security. The war introduces considerable uncertainty into an already tight food supply chain. Although Egypt and Turkey will experience significant disruptions to their wheat imports, the effects are far reaching. Countries in Africa and Asia are highly dependent on Ukraine and Russia for cereals, particularly wheat.
With droughts and skyrocketing food and gas prices, there is the risk that some may seek to restrict exports. But, as we have seen before, trade restrictions on food have harmful effects, particularly on the most vulnerable countries.
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Andrew PollardPresident & CEO, Director of Blackrock SilverPrior to joining Blackrock as President & CEO in 2019, Andrew Pollard had established himself as a sought-after management consultant within the mining industry.
Galen McNamaraCEO & Director of Summa SilverCo-founder and geologist with over 15 years of discovery and capital markets experience, former Senior Project Manager at NexGen Energy, Co-founder and Chairman of Goldshore Resources and Angold Resources.
Jeff ClarkSenior Precious Metals Analyst at GoldSilver.comJeff Clark is the Senior Precious Metals Analyst at GoldSilver.com. He is the son of an award-winning gold panner, with family-owned mining claims in California, Arizona, and Nevada, and has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including spending 10 years as senior editor for the world-renowned publication BIG GOLD. Jeff has been a regular conference speaker, including at Cambridge House and Sprott Resources events, the Silver Summit, and many others. He currently serves on the board at Strategic Wealth Preservation, a bullion storage facility in Grand Cayman.
Morgan LekstromPresident & CEO of Silver Hammer MiningMr. Lekstrom has 14 years mining experience in progressively senior roles in project, operations, and engineering management and has a strong leadership background with experience overseeing 100+ person teams onsite. In a recent role, Mr. Lekstrom served as Engineering Manager responsible for the budgeting, scheduling and the first phases of execution at Sabina Gold and Silver’s Back River Marine Laydown Project. Prior to that, Mr. Lekstrom spent two years in Ghana, West Africa where he played an integral role in the development and revival of Golden Star Resources’ Prestea underground mine. He led project, engineering, and maintenance teams and worked with members of the executive team on the implementation of various strategic initiatives. A graduate of Thompson Rivers University, Mr. Lekstrom has an established track record delivering successes across numerous projects worldwide.
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