Ottawa, Ontario–(Newsfile Corp. – June 9, 2023) – Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (“Gold79” or the “Company”) is pleased to announce the closing of a first tranche of its non-brokered private placement financing, raising gross proceeds of $210,000 through the issuance of 7,000,000 units at $0.03 per unit. Each unit consists of one common share of the Company and one whole common share purchase warrant. A total of 7,000,000 warrants were issued, with each warrant entitling the holder to purchase one common share of the Company at a price of $0.05 per share until June 8, 2025. The warrants are callable after the statutory hold period, at the option of the Company, in the event that the 20-day volume-weighted average price of the Company’s common share meets or exceeds $0.08 for ten consecutive trading days based on trades on the TSX Venture Exchange and Alternative Trading Systems. Subscribers will be notified of the call provision being triggered and will have a 30-day period to exercise the warrants.
Derek Macpherson, President, CEO & Director stated, “We are thankful for the ongoing support of our existing shareholders and Company management and directors who have demonstrated their continuing commitment to the Company by subscribing for a component of the financing. We anticipate a final closing of the placement in a few weeks’ time.”
No finder fees or commissions are payable in connection with this first tranche closing. This private placement is subject to the final approval of the TSX Venture Exchange. All securities issued in the first tranche of the placement are subject to a statutory hold period until October 9, 2023.
Officers and directors of the Company including Derek Macpherson, Gary Thompson and John McNeice participated in the private placement and acquired 4,700,000 units for $141,000. The participation of these insiders in the private placement constitutes a Related Party Transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The board of directors of the Company, with Messrs. Macpherson and Thompson abstaining, determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 for the related party transaction, as neither the fair market value of securities issued to the insiders nor the consideration paid by the insiders exceeded 25 percent of the Company’s market capitalization. The Company did not file a material change report in respect of the transaction 21 days in advance of the closing of the private placement because insider participation had not been confirmed. The shorter period was necessary in order to permit the Company to close the private placement in a timeframe consistent with usual market practice for transactions of this nature.
It is anticipated that approximately 35 percent of the aggregate proceeds raised under the offering will be used for exploration expenditures related to the Gold Chain, Arizona, project; approximately 30 percent will be used for land management costs and property payments; approximately 15 percent will be used to pay management fees to Company officers; and, approximately 20 percent will be used for working capital and general corporate purposes
The securities issued in the private placement will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the Company in the United States.
Early Warning Report
Derek Macpherson of Toronto, Ontario acquired 3,000,000 units through Kanaga Capital Corp. (“Kanaga”) and joint actor Olive Resource Capital Inc. (“Olive”) acquired 2,000,000 units in the private placement. In total, 5,000,000 units at a price of $0.03 per unit were acquired for an aggregate purchase price of $150,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each warrant is exercisable for $0.05 per share until their expiry on June 8, 2025. As noted above, all securities issued to Kanaga and Olive pursuant to the placement are subject to a statutory hold period which expires October 9, 2023.
Immediately prior to the private placement, Mr. Macpherson and joint actors Kanaga and Olive owned 9,854,000 common shares of the Company, representing 5.7% of the then issued and outstanding common shares of the Company. As a result of the private placement, Mr. Macpherson’s and joint actors’ ownership of the issued and outstanding common shares of the Company increased from 5.7% to 8.2% on an undiluted basis. In addition, if Mr. Macpherson and joint actors were to exercise all of their warrants and stock options of the Company, they would own 26,541,500 common shares of the Company, representing 13.8% of the issued and outstanding common shares of the Company on a partially-diluted basis, assuming no further common shares of the Company have been issued.
Mr. Macpherson acquired the securities for investment purposes. Mr. Macpherson may, depending on market and other conditions, increase or decrease his beneficial ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
The disclosure respecting Mr. Macpherson’s shareholdings contained in this press release is made pursuant to National Instrument 62-103 and a copy of the report in respect of the above acquisition will be filed with applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) and will be available on Gold79’s SEDAR profile (www.sedar.com). A copy may be obtained by contacting Gold79 as noted under “Contact” below.
About Gold79 Mines Ltd.
Gold79 Mines Ltd. is a TSX Venture listed company focused on building ounces in the Southwest USA. Gold79 holds 100% earn-in option to purchase agreements on three gold projects: the Jefferson Canyon Gold Project and the Tip Top Gold Project both located in Nevada, USA, and, the Gold Chain Project located in Arizona, USA. In addition, Gold79 holds a 32.3% interest in the Greyhound Project, Nunavut, Canada under JV by Agnico Eagle Mines Limited.
For further information regarding this press release contact: Derek Macpherson, President & CEO Phone: 416-294-6713 Email: dm@gold79mines.com Website: www.gold79mines.com.
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including any future tranches or future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company’s future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. Gold79 does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S NEWS WIRE SERVICES
Vancouver, British Columbia, June 08, 2023 (GLOBE NEWSWIRE) — Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA) has agreed to settle outstanding debt in the amount of CDN$77,923 (the “Debt”) owing to an arm’s length creditor by issuing an aggregate of 916,749 common shares in the capital of the Company (the “Common Shares”) at a price of $0.085 per Common Share (the “Shares for Debt Transaction”). The Board of Directors has determined it is in the best interests of the Company to settle the outstanding Debt by the issuance of the Common Shares in order to preserve the Company’s cash for ongoing operations.
Closing of the Shares for Debt Transaction is subject to customary closing conditions and intends to close as soon as practicable. The Common Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four (4) months and one (1) day from the date of issuance.
About the Company Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina, 100% of the Kaludra and Ceovishte mineral exploration licences in Serbia. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
VANCOUVER, BC / ACCESSWIRE / June 6, 2023 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF) (“Irving” or the “Company“) is pleased to announce high-grade assays from three drilled diamond drill holes recently completed at Omui, part of its 100% controlled Omu Au-Ag Vein Project, Hokkaido, Japan.
New High-Grade Veins Encountered at Nanko:
Hole 22OMI-003, drilled from north to south at an inclination of -60 degrees to test a deep-rooted vertical resistivity anomaly, encountered two high-grade veins. The first, 13.87 gpt Au and 121.74 gpt Ag (15.43 gpt Au Eq) over 1.67m, started at a downhole depth of 378.91m, and the second, 8.49 gpt Au and 270.00 gpt Ag (11.95 gpt Au Eq) over 0.57m started at 490.20m (see table below for a complete summary of significant assays from the Winter 2022/2023 diamond drill campaign). These intercepts, the two deepest yet encountered at the Nanko target, clearly demonstrate that high-grade veins extend in excess of 400m providing very encouraging confirmation that Omui is a deep-rooted vein system. Estimated true width of these veins is estimated at 50-70% of down-hole width.
Both veins display banded quartz with traces of ginguro, or silver sulphosalts. In 2020, similar banded veins were encountered much closer to surface in hole 20OMI-003 positioned above hole 22OMI-003. This included a 14.24m wide intercept grading 4.47 gpt Au Eq. The two new veins in 22OMI-003 do not appear to be connected to the much shallower vein in hole 20OMI-003, but may represent hanging wall splays off of this very large vein. More drilling is needed to evaluate this possibility.
Deep Test at Honpi
As a follow up test of the deep hydrothermal system discovered by drill hole 21OMI-002 completed in late 2021 at Honpi (please refer to the Company’s press release dated March 2, 2022), Irving drilled 23OMI-001, a south-oriented hole inclined at -75 degrees, to crosscut this older hole (Figure 1). As described in the Company’s news release dated March 6, 2023, hole 23OMI-001 encountered silica sinter at about 120m followed by an extensive interval of quartz stockwork veining. The silica sinter interval persisted for 14.40m and grades 0.58 gpt Au and 15.85 gpt Ag (0.79 gpt Au Eq), very strong values for this type of material. Underneath the sinter, nearly 57m of stockwork quartz veining grading 0.65 gpt Au and 7.09 gpt Ag (0.74 gpt Au Eq) was encountered. Based on these results, the Company believes the position of 23OMI-001 is peripheral to the main feeder zone at Honpi.
West Honpi Extension
In order to test the depth extension of West Honpi, Irving drilled hole 23OMI-002, a north-oriented hole inclined at -50 degrees. West Honpi Extension was encountered at the top of hole 21OMI-002 which encountered 9.88 gpt Au Eq over 9.90m (please refer to the Company’s press release dated March 2, 2022). Hole 23OMI-002 encountered West Honpi Extension approximately 70m vertically beneath surface. This intercept includes 5.80 gpt Au and 13.80 gpt Ag (5.98 gpt Au Eq) over 2.00m within 1.91 gpt Au and 13.89 gpt Ag (2.08 gpt Au Eq) over 10.00m. Given the high quartz content of this interval, it is believed to be suitable for smelter flux material. True width is estimated at about 60% of down hole width.
Omu Sinter Drilling
In March and April, 2023, Irving completed a series of nine diamond drill holes at Omu Sinter to evaluate the potential for a shallow, gold- and silver-bearing silica body suitable for smelter flux material. The target area is capable of hosting several million tonnes of such material. Assays from these holes are currently awaited.
Hokuryu Drilling Resumes
In mid-May, 2023, Irving commenced diamond drilling at the Hokuryu historic mine site. Two holes are planned for completion here over the coming few weeks. Both holes are designed to test deep-rooted vertical resistive features observed in CSAMT data. Previous drilling of such features has yielded discovery of multiple new veins at Hokuryu (please refer to the Company’s press release dated March 6, 2023).
“We are happy to be back drilling steady at Omu,” commented Dr. Quinton Hennigh, technical advisor and a director of Irving. “We are now on our 13th hole of 2023 and have many more planned through the end of the year. Our most recent assays from Nanko confirm the presence of deep-rooted high-grade veins here. While we have not yet hit the high-grade feeder underlying the Honpi area, we think we are vectoring in on it and have plans for further follow up drilling for later this year.”
All samples discussed in this news release are ½ split sawn diamond core samples. Irving submitted samples to ALS Global, Vancouver, Canada, for analysis. Au and Ag were analyzed by fire assay with AA finish. Overlimit samples were assayed by fire assay with gravimetric finish. Multielements were analyzed by mass spectrometry following four acid digestion. Irving routinely inserts standard and blank samples in assay batches submitted to the laboratory. Company staff are responsible for geologic logging and sampling of core. Au equivalent is calculated by adding Au (gpt) to Ag (gpt)/78. Results referred to in this news release are not necessarily representative of mineralization throughout Hokuryu.
Significant Assays from Winter 2023 Diamond Drill Holes:
Hole ID
From (m)
To (m)
Length (m)
Au (gpt)
Ag (gpt)
Au Eq (gpt)
Ag Eq (gpt)
Comments
22OMI-003
24.50
25.57
1.07
0.74
5.41
0.81
63.47
33.65
34.65
1.00
0.99
8.50
1.10
85.64
41.18
41.68
0.50
2.14
41.90
2.68
208.82
153.70
155.45
1.75
1.32
11.91
1.47
114.48
163.50
165.50
2.00
0.92
17.83
1.14
89.23
184.35
186.30
1.95
0.58
76.71
1.56
122.00
378.91
380.58
1.67
13.87
121.74
15.43
1203.82
New Vein
including
378.91
380.00
1.09
19.99
176.94
22.26
1736.44
New Vein
490.20
490.77
0.57
8.49
270.00
11.95
932.22
New Vein
815.10
816.00
0.90
0.00
93.20
1.20
93.51
833.00
834.00
1.00
2.59
0.43
2.60
202.45
23OMI-001
85.35
89.00
3.65
1.08
107.13
2.45
191.08
102.85
104.30
1.45
0.55
7.61
0.64
50.16
119.50
133.90
14.40
0.58
15.85
0.79
61.42
Sinter
including
124.50
132.40
7.90
0.84
17.56
1.06
82.91
Sinter
144.55
201.50
56.95
0.65
7.09
0.74
58.09
Stockwork
including
146.40
152.00
5.60
0.87
8.67
0.98
76.46
Stockwork
and
162.90
168.72
5.82
1.14
9.96
1.27
98.99
Stockwork
and
194.70
200.37
5.67
1.11
8.83
1.22
95.31
Stockwork
239.56
243.50
3.94
0.25
38.03
0.73
57.14
261.00
263.90
2.90
1.60
32.69
2.02
157.87
23OMI-002
30.00
36.39
6.39
0.59
7.05
0.68
52.78
86.00
96.00
10.00
1.91
13.89
2.08
162.62
W Honpi Ext
including
88.00
90.00
2.00
5.80
13.80
5.98
466.20
W Honpi Ext
98.00
99.00
1.00
0.31
60.70
1.09
84.80
109.00
112.15
3.15
1.06
10.66
1.20
93.70
147.00
150.00
3.00
0.26
39.03
0.76
59.57
Au eq = Au + (Ag/78); Ag eq = Ag + (Au x 78); recovery of both Au and Ag is expected to be +95% as smelter flux
Drill Collar Data:
Hole No.
Type
Grid
Collar Easting
Collar Northing
Elevation
Depth
Azimuth
Angle
22OMI-003
Core
WGS84-54N
651762.12
4932907.171
180.898
936.2
190°
-53°
23OMI-001
Core
WGS84-54N
651530.7
4933262.647
170.375
400.03
165.1°
-75°
23OMI-002
Core
WGS84-54N
651518.1
4933122.799
176.734
150
309.9°
-50°
Quinton Hennigh (Ph.D., P.Geo.) is the qualified person pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical advisor and a director of Irving Resources Inc. and has verified the data disclosed including sampling, through review of photographs of core prior to and after sawing and sampling, and analytical, through review of standard and blank analyses.
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp.
Additional information can be found on the Company’s website: www.IRVresources.com.
Akiko Levinson, President, CEO & Director
For further information, please contact: Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 971-0209 info@IRVresources.com
Forward-looking information
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to planned exploration activities. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the possibility of a delay in delivery of Irving’s newly purchased Zinex A-5 drill to the Omu project, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund any planned drilling and other exploration activities, as well as the performance of services by third parties.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Vancouver, British Columbia–(Newsfile Corp. – June 5, 2023) – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the “Company” or “Dolly Varden“) announces that diamond drilling with four rigs has commenced at the Kitsault Valley Project, which includes the Dolly Varden Silver property and Homestake Ridge Gold-Silver property. Two drills are targeting the Wolf Vein and two at the Kitsol Vein. A fifth drill rig is available as the program progresses.
“We have hit the ground running with four drills on our fully funded 2023 exploration drilling program. We have already completed several drill holes at Wolf and Kitsol, where aggressive step-outs in 2022 significantly expanded silver mineralization along strike to the north and south as well as down-dip. The Team is excited to test numerous new target areas beneath the sediment cap with the objective of connecting these two wide and high silver grade areas,” said Shawn Khunkhun, President and CEO of Dolly Varden Silver.
In addition to step-out holes and exploration drilling at the Wolf and Kitsol veins, several new targets will be tested, including the projection of the Moose Vein under the sediment cap (see news release April 24, 2023).
Figure 1. Kitsault Valley trend with 2023 exploration drilling targets
In several weeks, the drills will be moved up the valley to the Homestake Ridge area. Further drilling will test the plunge of wide, high-grade gold-silver mineralization that was defined by recent oriented core and structural interpretations.
Geology crews have been on site since early May, completing a program of additional sampling of core from 2022 Homestake Main drilling where assay results revealed an extensive low-grade gold (>0.1 g/t Au) envelope to high-grade mineralization.
Qualified Person
Rob van Egmond, P.Geo. Vice-President Exploration for Dolly Varden Silver, the “Qualified Person” as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Forward-Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “potential”, and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements or information in this release relates to, among other things, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.
These forward-looking statements are based on management’s current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
For additional information on risks and uncertainties, see the Company’s most recently filed annual management discussion & analysis (“MD&A“) and management information circular dated January 21, 2022 (the “Circular“), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
India is demonetizing again. This time it is the INR 2,000 bills that were issued when the last demonization of 2016 happened. Here are my thoughts:
I will soon have another article about Argentinian-style dual rates emerging in India.
On Investments
Many people who invest in mining have a very bullish expectation of a specific commodity and use mining companies as a proxy for that commodity. In the following discussion with Brian Leni, I explain why this is erroneous.
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence, or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
Platinum prices have shot up as speculators bet that power outages at South African mines and rising demand from auto makers and the hydrogen industry will create supply shortages.
Platinum is used to neutralize harmful engine emissions, as well as in other industries and jewellery. Prices leaped from just above $900 an ounce in late February to $1,132.17 on April 21 — the highest in more than a year — before easing to around $1,050 by Tuesday.
Speculative investors have expanded their net long position in NYMEX platinum futures to 1.5 million ounces from 145,000 ounces in late February, exchange data show.
Exchange traded funds (ETFs) storing platinum for their shareholders meanwhile bought around 120,000 ounces in just a few days in late April, according to the World Platinum Investment Council (WPIC), which tracks funds.
Charting platinum prices and the net speculative position in NYMEX platinumExchange traded funds have increased their holdings of platinum
“We think this is the first year of serial deficits in the platinum market,” said Standard Chartered analyst Suki Cooper.
However, Cooper said prices could weaken in the short term before supply risks worsen later in the year.
South Africa produces 70-75% of mined platinum supply. Miners there have said rolling power cuts could cut their output by 5-15% this year, Cooper said, adding that Russian production may also disappoint.
“We’re now entering the winter period in South Africa and getting more frequent alerts on power outages,” she said. “The market is concerned.”
Demand from the auto industry — the biggest consumer of platinum — should rise by 8% this year as vehicle production increases, said StoneX analyst Rhona O’Connell.
O’Connell forecasts a 900,000 ounce deficit in the roughly 8 million ounce a year platinum market this year. The WPIC predicts a shortfall of around 500,000 ounces.
Investors also hope that large amounts of platinum will be used in the production and use of hydrogen.
But analysts at Macquarie said this could take years. “In our base case, the sector (across fuel cells and PEM electrolysers) would account for around 220,000 of demand in 2030 but be approaching 2 million ounces by 2040,” they wrote in a note.
Analysts at Macquarie expect the auto industry to use more than 3 million ounces of platinum a year in the coming years.
TORONTO, May 1, 2023 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) will be presenting at the OTC Markets Group Inc. Battery and Precious Metals Virtual Investor Conference on Wednesday, May 3, 2023, at 10:00am ET.
Collective Mining Logo (CNW Group/Collective Mining Ltd.)
Using the link below, investors can register and listen to the presentation, and take part in a question and answer session at the end. The presentation is expected to last 30 minutes.
An archived webcast will also be made available after the event.
Ari Sussman, Executive Chairman of Collective Mining will be presenting on the Apollo discovery at the Guayabales project in Colombia and will be focusing on the most recent drill results and outlining plans for the balance of 2023. The Apollo system is an outcropping, high-grade and bulk tonnage copper-silver-gold porphyry system. On April 25, 2023, the Company announced the discovery of a new subzone of high-grade mineralization beginning at surface with assay results yielding 104.8 metres @ 5.56 g/t gold equivalent including a 44.6 zone of oxide mineralization averaging 6.99 g/t gold equivalent. (see press release dated April 25, 2023 for AuEq calculation)
The Company’s Guayabales project is located in the mining-friendly department of Caldas, Colombia, in the heart of a long-established mining camp with ten fully permitted and operating mines located within three kilometres of the project. As a result, the Guayabales project is blessed with excellent infrastructure with roads and hydroelectric powerlines traversing the project and an abundant labour force located nearby in the townships of Supia and Marmato.
Three rigs continue to drill at Apollo with a fourth one expecting to be added by the end of Q2, 2023. Additional assay results are anticipated in the near term.
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver, and gold exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.
The Company’s flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The Company’s near-term objective is to drill the shallow portion of the porphyry system while continuing to expand the overall dimensions of the system, which remains open in most directions and test newly generated targets.
Management, insiders and close family and friends own nearly 45% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) and Collective Mining (@CollectiveMini1) on Twitter.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
North Vancouver, British Columbia–(Newsfile Corp. – April 25, 2023) – Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company”) reports significant new high-grade results from grade control drilling at the Company’s 100% owned Tuvatu Alkaline Gold Project in Fiji.
Following on the initial mining and extraction of the URA1 lode, the Company is here reporting new high-grade results from grade control drilling on the URW1 lode system, approximately 120m further east. Mining of URW1 is expected to begin over the next 2-4 weeks. Strike drive development on URW1 has commenced.
Highlights of new high-grade gold mineralization intersected by grade control drilling:
Multiple bonanza grade zones have been intersected including:
88.07g/t Au over 5.7m (including 1,396g/t Au over 0.3m) (TGC-0034)
27.52g/t Au over 5.55m (TUG-056)
20.93g/t Au over 7.2m (TGC-0003)
16.12g/t Au over 9.3m (TGC-0014)
16.48g/t Au over 9.6m (TGC-0002)
14.6g/t Au over 6.6m (TGC-0032)
14.97g/t Au over 5.4m (TGC-0018)
10.85g/t Au over 6.9m (TGC-0013)
Visible was gold observed in several drill holes.
Figure 1. Plan map showing the locations of the URA1 and URW1 lodes (in red) relative to the main Tuvatu decline. The gray outlines indicate planned development to reach the URW1 lodes.
Close spaced grade control drilling has resulted in much higher resolution of the lode arrays as compared to previous infill drilling, including the identification of bonanza grade (>50g/t Au) zones.
The tightened drill pattern will facilitate optimised development and extraction of high-grade gold mineralization from the URW1 lodes while minimizing dilution. High-grade gold mineralization extracted from the URW1 lode system will contribute significantly to the growing high-grade stockpile constituting the initial feed for the Company’s plant and processing facility, on schedule for start-up in Q4 2023.
Mineralization Mineralization consists of abundant free gold, typically in association with light to dark gray chalcedonic quartz and roscoelite, locally accompanied by minor amounts of pyrite, sphalerite, galena and lesser chalcopyrite (Figure 3).
Figure 2. Long section view west of grade control drilling at URW1. Intersections >5m and 10g/t Au highlighted in red.
Figure 3. A) Coarse disseminated gold in a quartz-roscoelite veinlet, TGC-0034 67.5m. Sample returned 1396.3 g/t Au over 0.3m. B) Coarse gold in gray quartz veinlet, TGC-0034 81.6m. Sample returned 166.2 g/t Au over 0.9m. C) Coarse honey sphalerite rimmed by dark pyrite in variable light to dark gray quartz vein, TGC-0032 71.0m. Sample returned 112.9 g/t Au over 0.3m. D) Banded chalcedonic quartz-roscoelite-pyrite-fine native gold, TGC-0002 77.4m. Sample returned 44.3 g/t Au over 0.3m.
URW1 Lode System The URW1 lode system consists of narrow, high-grade to locally bonanza-grade vein arrays and vein swarms that strike approximately N-S and dip sub-vertically to steeply east and is located approximately 120m east of the URA1 lode (Figure 1, 2, 4).
As currently modelled based on earlier drilling, the URW1 lode measures approximately 300m in the NS-direction by approximately 300m of vertical extent, thus forming one of the major N-S trending lodes that have been recognized in this part of the Tuvatu deposit. The URW1 lode intersects with numerous flat-lying to moderately south-dipping EW veins referred to as the Murau lode system (Figure 4).
Grade control drilling has been conducted from both the new decline and the historic exploration adit (Figures 1 & 2). This drilling is targeting a 60m strike section of the URW1 system, within the >300m strike of the overall URW1 system. Detailed drilling of this nature is the first conducted at the project and has served to confirm both the location of structures and the extent of some of the higher-grade zones within the overall mineralized envelope. These bonanza zones (>50g/t Au * true width) have been intersected that show a considerably higher-grade than the previous wide-spaced resource drilling in the area. The high-grade zones are interpreted to relate to the intersection of the N-S URW1 lode with E-W striking structures such as the Murau lodes.
Figure 4. Plan view of 3D models illustrating the earlier interpretation of the URA1 and URW1 lodes (blue). The lighter pink shapes are the flat-lying stacked Murau lodes (left) and SKL lodes (right). Underground development is shown in red.
The URW1 lode system is interpreted as a series of parallel vein arrays.
This interpretation has come by way of a series of closely spaced grade control drill holes, drilled from two separate locations, east-directed drilling from the main decline, as well as west-directed drilling from the exploration decline (Figure 1). To date, a total of 34 diamond drill holes totalling approximately 3538m have been completed resulting in 5m to 10m spacing between adjacent holes covering a limited extent of the URW1 lode system. Despite the relatively limited size of the area drilled thus far, the grade control program has significantly increased the level of confidence in the geometry, widths, and grade distribution of the URW1 lodes, thereby allowing for detailed development planning.
Composited assay results for mineralized intervals interpreted as URW1 lodes in holes completed to date are presented in Table 1, with Tables 2 and 3 in the appendix containing full drill hole details. The URW1 lode system represents the next main area of mining and extraction of high-grade mineralization at Tuvatu. Development has commenced with first grade control and mapping expected shortly.
Table 1. Summary of composited drill results intersecting mineralization from the area of URW1 in this release. (TGC = new grade control drilling ordered by strongest intersections; TUDDH and TUG indicates previous exploration drilling (surface and underground) targeting this zone). For full results refer Table 2 in the appendix.
Hole ID
Grade (g/t Au)
Drill intersection width (m)
True Width (m)
TGC-0034
88.07
5.7
5.1
TUG-056
27.52
5.55
5.5
TGC-0003
20.93
7.2
6.5
TGC-0014
16.12
9.3
8.4
TGC-0002
16.48
9.6
8.2
TUG-058
100.21
0.85
0.85
TGC-0032
14.6
6.6
5.3
TGC-0018
14.97
5.4
4.9
TGC-0013
10.85
6.9
6.2
TGC-0011
11.04
5.4
4.6
TGC-0035
6.6
6.55
6.2
TGC-0019
11.57
3.6
3.4
TGC-0028
11.52
4.8
3.4
TGC-0031
8.86
5.1
4.1
TUDDH-350
21.11
2.7
1.7
TUDDH-349
14.37
9.73
2.4
TGC-0016
4.35
8.1
7.7
TUDDH-409
7.83
6.77
4.1
TGC-0005
10.14
3
2.4
TUDDH-219
8.33
14.15
2.9
TGC-0008
10.29
3
2.3
TUG-057
17.7
1.2
1.1
TURC-167
8.88
3
1.8
TGC-0009
4.58
3.6
3.2
TGC-0017
2.22
6.9
6.2
TGC-0036
5.16
3
2.3
TGC-0025
5.04
3
2.3
TGC-0029
1.6
3.3
2.6
TGC-0030
3.22
1.5
1.2
TGC-0015
2.39
1.8
1.4
TUDDH-225
0.73
0.9
0.9
TUG-123
0.32
0.95
0.8
TUDDH-075
0.84
0.35
0.25
TUG-125
0.2
0.54
0.3
About Tuvatu
The Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report “Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji”, dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.
Qualified Person In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”), Sergio Cattalani, P.Geo, Senior Vice President Exploration, is the Qualified Person for the Company and has reviewed and is responsible for the technical and scientific content of this news release.
QAQC Procedures Lion One adheres to rigorous QAQC procedures above and beyond basic regulatory guidelines in conducting its sampling, drilling, testing, and analyses. The Company utilizes its own fleet of diamond drill rigs, using PQ, HQ and NQ sized drill core rods. Drill core is logged and split by Lion One personnel on site. Samples are delivered to and analyzed at the Company’s geochemical and metallurgical laboratory in Fiji. Duplicates of all samples with grades above 0.5 g/t Au are both re-assayed at Lion One’s lab and delivered to ALS Global Laboratories in Australia (ALS) for check assay determinations. All samples for all high-grade intercepts are sent to ALS for check assays. All samples are pulverized to 85% passing through 75 microns. Gold analysis is carried out using fire assay with an AA finish. Samples that have returned grades greater than 10.00 g/t Au are then re-analyzed by gravimetric method. For samples that return greater than 0.50 g/t Au, repeat fire assay runs are carried out and repeated until a result is obtained that is within 10% of the original fire assay run. Lion One’s laboratory can also assay for a range of 71 other elements through Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), but currently focuses on a suite of 9 important pathfinder elements. All duplicate anomalous samples are sent to ALS labs in Townsville QLD and are analyzed by the same methods (Au-AA26, and Au-GRA22 where applicable). ALS also analyses 33 pathfinder elements by HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES (method ME-ICP61).
About Lion One Metals Limited Lion One’s flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One’s CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.
On behalf of the Board of Directors of Lion One Metals Limited “Walter Berukoff“, Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release
This press release may contain statements that may be deemed to be “forward-looking statements” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “proposed”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Lion One Metals Limited’s current beliefs and is based on information currently available to Lion One Metals Limited and on assumptions Lion One Metals Limited believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports, assessment reports, and other geological reports or prior exploration results. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lion One Metals Limited or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the stage development of Lion One Metals Limited, general business, economic, competitive, political and social uncertainties; the actual results of current research and development or operational activities; competition; uncertainty as to patent applications and intellectual property rights; product liability and lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting mining, timing and availability of external financing on acceptable terms; not realizing on the potential benefits of technology; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Lion One Metals Limited has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Lion One Metals Limited does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Appendix 1: full drill results and drill details
Table 2. Composited results from grade control drillholes targeting the URW1 lodes
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
TGC-0001
33.0
33.9
0.9
0.64
TGC-0002
77.1
77.4
0.3
44.25
TGC-0002
80.1
84.9
4.8
8.03
TGC-0002
including
80.1
82.2
2.1
11.60
TGC-0002
which includes
81.6
81.9
0.3
72.20
TGC-0002
and including
83.1
84.9
1.8
7.86
TGC-0002
89.4
97.5
8.1
13.07
TGC-0002
including
89.4
91.2
1.8
4.68
TGC-0002
including
92.1
97.5
5.4
17.97
TGC-0002
which includes
93.6
93.9
0.3
41.54
TGC-0002
and
93.9
94.2
0.3
45.40
TGC-0002
and
94.2
94.5
0.3
74.38
TGC-0002
and
94.5
94.8
0.3
38.43
TGC-0002
and
94.8
95.1
0.3
56.89
TGC-0002
100.2
103.8
3.6
7.93
TGC-0002
108.3
111.9
3.6
10.09
TGC-0002
including
108.3
109.2
0.9
4.05
TGC-0002
including
110.1
111.9
1.8
18.15
TGC-0002
which includes
111.0
111.3
0.3
77.72
TGC-0002
113.7
114.6
0.9
17.11
TGC-0003
52.5
53.4
0.9
2.79
TGC-0003
77.4
80.4
3.0
3.84
TGC-0003
including
77.4
77.7
0.3
5.34
TGC-0003
and
78.6
78.9
0.3
4.40
TGC-0003
and
79.2
79.5
0.3
27.18
TGC-0003
89.7
95.7
6.0
9.57
TGC-0003
including
89.7
93.3
3.6
14.63
TGC-0003
which includes
90.6
91.2
0.6
81.18
TGC-0003
98.0
99.2
1.2
0.95
TGC-0003
102.2
110.6
8.4
5.73
TGC-0003
including
102.2
107.0
4.8
7.97
TGC-0003
which includes
105.8
106.1
0.3
35.58
TGC-0003
and includes
107.3
108.5
1.2
6.84
TGC-0003
112.4
112.7
0.3
1.15
TGC-0003
115.1
116.0
0.9
59.85
TGC-0004
3.4
4.3
0.9
2.93
TGC-0005
75.3
75.9
0.6
2.11
TGC-0005
91.5
99.0
7.5
2.77
TGC-0005
including
93.3
94.2
0.9
10.67
TGC-0005
102.6
102.9
0.3
2.10
TGC-0005
104.1
104.7
0.6
21.01
TGC-0005
107.1
108.0
0.9
1.65
TGC-0005
109.8
110.4
0.6
0.78
TGC-0005
120.0
122.1
2.1
2.51
TGC-0005
including
121.8
122.1
0.3
14.83
TGC-0007
28.2
28.5
0.3
1.31
TGC-0008
74.8
76.9
2.1
10.51
TGC-0008
82.3
82.9
0.6
25.57
TGC-0008
94.0
94.3
0.3
4.20
TGC-0008
96.4
101.2
4.8
3.77
TGC-0008
including
96.4
98.5
2.1
3.73
TGC-0008
and
99.1
101.2
2.1
4.78
TGC-0008
105.1
105.7
0.6
2.78
TGC-0008
108.7
109.3
0.6
1.05
TGC-0008
110.8
111.4
0.6
2.16
TGC-0008
122.5
123.1
0.6
61.39
TGC-0009
18.6
21.3
2.7
0.91
TGC-0009
28.5
29.1
0.6
1.61
TGC-0009
30.9
31.5
0.6
8.33
TGC-0009
32.7
34.2
1.5
33.38
TGC-0009
49.5
49.8
0.3
10.54
TGC-0009
53.4
56.4
3.0
1.07
TGC-0009
61.2
61.5
0.3
1.97
TGC-0009
65.4
65.7
0.3
3.06
TGC-0009
66.9
67.8
0.9
6.10
TGC-0009
69.0
75.0
6.0
5.01
TGC-0009
including
69.6
70.2
0.6
4.66
TGC-0009
and
70.5
72.3
1.8
6.62
TGC-0009
and
72.9
73.5
0.6
6.80
TGC-0009
and
73.8
75.0
1.2
8.78
TGC-0009
76.5
78.0
1.5
0.97
TGC-0010
17.1
18.9
1.8
6.52
TGC-0010
including
17.1
17.4
0.3
37.04
TGC-0010
20.1
21.0
0.9
2.54
TGC-0010
23.4
30.3
6.9
2.67
TGC-0010
including
24.9
27.6
2.7
4.71
TGC-0010
36.0
36.9
0.9
8.92
TGC-0011
19.0
19.3
0.3
0.89
TGC-0011
22.3
23.8
1.5
7.56
TGC-0011
27.1
29.3
2.2
2.49
TGC-0011
including
27.1
28.0
0.9
5.34
TGC-0011
31.1
31.4
0.3
1.26
TGC-0011
32.6
35.3
2.7
7.64
TGC-0011
including
32.6
34.1
1.5
11.33
TGC-0011
and
34.4
35.3
0.9
4.04
TGC-0011
40.4
40.7
0.3
1.22
TGC-0011
52.7
53.3
0.6
1.91
TGC-0011
54.8
56.9
2.1
2.18
TGC-0011
58.7
59.9
1.2
2.62
TGC-0011
including
59.3
59.9
0.6
4.09
TGC-0011
63.2
66.5
3.3
2.68
TGC-0011
including
64.1
66.5
2.4
3.58
TGC-0011
68.6
75.8
7.2
6.72
TGC-0011
including
68.6
69.2
0.6
19.95
TGC-0011
which includes
68.9
69.2
0.3
37.28
TGC-0011
and
69.5
73.4
3.9
8.84
TGC-0011
which includes
71.0
71.3
0.3
59.70
TGC-0012
79.5
81.9
2.4
7.86
TGC-0012
including
79.5
79.8
0.3
59.46
TGC-0012
85.2
85.5
0.3
2.79
TGC-0012
87.3
88.5
1.2
5.11
TGC-0012
92.1
92.4
0.3
2.47
TGC-0012
98.4
99.6
1.2
1.32
TGC-0012
102.3
104.1
1.8
0.63
TGC-0012
105.9
106.2
0.3
4.67
TGC-0013
19.2
19.5
0.3
1.55
TGC-0013
23.1
23.7
0.6
1.28
TGC-0013
32.4
34.5
2.1
3.36
TGC-0013
including
32.4
33.0
0.6
6.97
TGC-0013
and
33.9
34.5
0.6
4.67
TGC-0013
42.9
43.5
0.6
1.16
TGC-0013
47.1
47.7
0.6
0.80
TGC-0013
50.4
51.3
0.9
13.58
TGC-0013
55.6
56.2
0.6
1.37
TGC-0013
67.6
70.3
2.7
5.70
TGC-0013
72.7
73.6
0.9
4.09
TGC-0013
75.1
79.3
4.2
11.03
TGC-0013
including
75.1
76.6
1.5
4.86
TGC-0013
and
77.2
78.1
0.9
8.51
TGC-0013
and
78.4
79.3
0.9
34.87
TGC-0013
which includes
78.7
79.3
0.6
49.52
TGC-0013
81.1
83.8
2.7
5.97
TGC-0013
94.3
97.6
3.3
1.21
TGC-0014
10.8
11.1
0.3
1.21
TGC-0014
19.2
19.5
0.3
1.03
TGC-0014
34.5
36.3
1.8
2.47
TGC-0014
including
34.5
35.4
0.9
3.38
TGC-0014
and
36.0
36.3
0.3
4.72
TGC-0014
42.6
42.9
0.3
3.21
TGC-0014
52.2
53.1
0.9
0.57
TGC-0014
56.1
56.4
0.3
1.69
TGC-0014
66.0
75.6
9.6
13.28
TGC-0014
including
66.0
66.9
0.9
54.81
TGC-0014
which includes
66.3
66.6
0.3
95.47
TGC-0014
and
66.6
66.9
0.3
67.96
TGC-0014
and
67.5
69.0
1.5
7.83
TGC-0014
and
69.3
72.6
3.3
9.89
TGC-0014
and
72.9
73.2
0.3
3.32
TGC-0014
and
74.1
75.0
0.9
32.29
TGC-0014
which includes
74.4
74.7
0.3
57.95
TGC-0014
and
74.7
75.0
0.3
38.34
TGC-0014
and
75.3
75.6
0.3
9.41
TGC-0014
80.7
84.6
3.9
7.69
TGC-0014
85.8
88.8
3.0
1.86
TGC-0014
92.4
95.1
2.7
1.10
TGC-0015
71.1
71.4
0.3
0.54
TGC-0015
87.3
87.9
0.6
2.17
TGC-0015
105.6
106.2
0.6
2.50
TGC-0016
38.7
43.5
4.8
6.22
TGC-0016
including
38.7
41.4
2.7
9.67
TGC-0016
which includes
40.8
41.1
0.3
45.75
TGC-0016
68.1
68.7
0.6
2.16
TGC-0016
70.8
71.4
0.6
2.55
TGC-0016
72.6
73.5
0.9
6.50
TGC-0016
81.0
83.4
2.4
14.23
TGC-0016
including
81.0
81.6
0.6
19.42
TGC-0016
and
81.9
83.4
1.5
14.99
TGC-0016
which includes
83.1
83.4
0.3
45.51
TGC-0016
84.6
85.5
0.9
1.86
TGC-0016
92.4
94.5
2.1
4.83
TGC-0016
95.7
97.8
2.1
3.58
TGC-0017
5.1
5.7
0.6
1.28
TGC-0017
17.4
17.7
0.3
4.32
TGC-0017
36.0
36.6
0.6
1.26
TGC-0017
38.7
44.1
5.4
9.39
TGC-0017
69.3
69.9
0.6
9.60
TGC-0017
72.3
73.8
1.5
3.03
TGC-0017
including
73.2
73.8
0.6
7.01
TGC-0017
76.8
77.4
0.6
65.63
TGC-0017
82.5
84.0
1.5
3.08
TGC-0018
78.9
79.5
0.6
0.92
TGC-0018
85.8
86.1
0.3
11.42
TGC-0018
88.5
90.6
2.1
5.67
TGC-0018
94.2
95.1
0.9
0.54
TGC-0018
96.3
97.2
0.9
0.63
TGC-0018
102.0
105.9
3.9
15.62
TGC-0018
109.2
111.0
1.8
2.74
TGC-0019
10.8
12.0
1.2
0.86
TGC-0019
13.8
16.5
2.7
2.31
TGC-0019
31.2
32.7
1.5
3.21
TGC-0019
40.2
45.0
4.8
16.05
TGC-0019
including
41.4
45.0
3.6
21.18
TGC-0019
which includes
42.6
42.9
0.3
49.70
TGC-0019
and
43.2
43.5
0.3
166.81
TGC-0019
51.0
52.2
1.2
2.60
TGC-0019
65.1
66.3
1.2
0.85
TGC-0019
70.5
79.8
9.3
4.92
TGC-0019
including
70.5
75.0
4.5
6.70
TGC-0019
and
75.3
76.5
1.2
7.69
TGC-0019
83.7
84.0
0.3
15.22
TGC-0019
95.7
96.9
1.2
9.13
TGC-0020
16.8
18.3
1.5
3.09
TGC-0020
24.3
26.4
2.1
0.92
TGC-0020
28.2
29.7
1.5
4.10
TGC-0021
4.4
5.0
0.6
1.40
TGC-0021
24.5
26.9
2.4
2.86
TGC-0021
including
24.5
25.4
0.9
6.34
TGC-0021
44.3
44.9
0.6
1.36
TGC-0021
74.0
74.3
0.3
0.65
TGC-0022
28.2
29.4
1.2
1.36
TGC-0022
54.6
54.9
0.3
1.04
TGC-0022
57.9
58.8
0.9
1.22
TGC-0022
66.9
70.5
3.6
2.31
TGC-0022
75.0
75.6
0.6
2.23
TGC-0023
90.2
90.8
0.6
1.71
TGC-0023
100.7
101.3
0.6
0.63
TGC-0024
13.8
14.4
0.6
0.50
TGC-0024
58.8
59.7
0.9
1.30
TGC-0024
65.4
65.7
0.3
0.54
TGC-0025
7.5
9.3
1.8
2.79
TGC-0025
including
7.5
8.4
0.9
5.22
TGC-0025
13.5
14.1
0.6
4.33
TGC-0025
15.6
16.5
0.9
0.68
TGC-0025
78.6
83.1
4.5
3.76
TGC-0025
including
78.6
79.2
0.6
4.69
TGC-0025
and
79.5
80.7
1.2
3.07
TGC-0025
and
81.0
83.1
2.1
4.91
TGC-0025
84.6
84.9
0.3
1.77
TGC-0025
87.0
87.3
0.3
6.55
TGC-0026
14.7
15.3
0.6
0.58
TGC-0026
28.8
29.7
0.9
2.28
TGC-0026
33.9
34.8
0.9
5.94
TGC-0026
39.9
40.8
0.9
10.20
TGC-0026
42.3
42.9
0.6
3.72
TGC-0026
71.7
72.0
0.3
0.65
TGC-0027
70.2
70.8
0.6
2.41
TGC-0027
80.7
82.2
1.5
3.75
TGC-0027
87.9
88.5
0.6
1.72
TGC-0027
93.6
94.2
0.6
2.46
TGC-0027
96.6
99.0
2.4
0.79
TGC-0027
104.4
105.9
1.5
4.98
TGC-0027
107.7
109.8
2.1
1.99
TGC-0027
including
109.5
109.8
0.3
11.28
TGC-0027
112.8
114.0
1.2
0.63
TGC-0028
8.7
9.6
0.9
1.02
TGC-0028
13.2
16.2
3.0
11.27
TGC-0028
78.0
78.9
0.9
0.63
TGC-0028
83.4
83.7
0.3
1.17
TGC-0028
85.2
85.8
0.6
0.55
TGC-0028
92.1
97.5
5.4
10.86
TGC-0028
including
92.1
93.6
1.5
26.67
TGC-0028
which includes
92.1
92.4
0.3
45.29
TGC-0028
and
92.4
92.7
0.3
72.80
TGC-0028
and
94.5
95.7
1.2
12.97
TGC-0028
and
96.6
97.5
0.9
3.44
TGC-0028
101.1
102.6
1.5
9.53
TGC-0029
14.7
16.2
1.5
10.82
TGC-0029
74.4
75.0
0.6
4.93
TGC-0029
83.7
86.7
3.0
1.00
TGC-0029
95.7
96.9
1.2
3.14
TGC-0030
18.0
19.2
1.2
56.88
TGC-0030
22.8
25.2
2.4
4.87
TGC-0030
including
24.0
25.2
1.2
9.62
TGC-0030
51.9
52.2
0.3
1.47
TGC-0030
54.6
54.9
0.3
3.60
TGC-0030
61.2
61.5
0.3
3.75
TGC-0030
71.4
72.0
0.6
20.01
TGC-0030
83.1
84.6
1.5
3.65
TGC-0030
88.8
92.4
3.6
0.97
TGC-0030
94.2
95.4
1.2
1.40
TGC-0031
13.5
20.4
6.9
6.60
TGC-0031
including
13.5
15.3
1.8
17.28
TGC-0031
which includes
14.1
14.7
0.6
34.62
TGC-0031
and
15.6
18.3
2.7
4.76
TGC-0031
and
19.2
19.5
0.3
3.25
TGC-0031
62.0
63.8
1.8
3.21
TGC-0031
including
62.9
63.8
0.9
5.88
TGC-0031
72.5
73.4
0.9
1.27
TGC-0031
74.9
75.8
0.9
6.93
TGC-0031
77.0
77.6
0.6
3.30
TGC-0031
82.4
85.1
2.7
3.12
TGC-0031
86.9
95.6
8.7
13.73
TGC-0031
including
86.9
89.9
3.0
10.80
TGC-0031
which includes
87.2
87.5
0.3
39.53
TGC-0031
and
87.5
87.8
0.3
36.62
TGC-0031
and including
90.5
91.1
0.6
28.85
TGC-0031
and
92.0
94.7
2.7
24.94
TGC-0031
which includes
92.6
92.9
0.3
116.56
TGC-0031
and
93.8
94.1
0.3
64.28
TGC-0031
and
95.3
95.6
0.3
6.90
TGC-0032
10.2
10.8
0.6
0.68
TGC-0032
18.0
18.3
0.3
32.02
TGC-0032
22.8
23.7
0.9
20.11
TGC-0032
52.2
52.8
0.6
2.66
TGC-0032
58.2
58.5
0.3
9.18
TGC-0032
69.6
72.0
2.4
19.46
TGC-0032
76.5
80.1
3.6
4.58
TGC-0032
85.2
87.3
2.1
14.59
TGC-0032
88.5
91.5
3.0
2.80
TGC-0032
including
88.5
89.7
1.2
5.59
TGC-0032
98.4
98.7
0.3
16.30
TGC-0032
106.2
107.1
0.9
41.62
TGC-0032
108.9
109.5
0.6
4.20
TGC-0034
21.6
23.7
2.1
24.84
TGC-0034
24.0
32.1
8.1
25.96
TGC-0034
including
24.0
24.9
0.9
14.30
TGC-0034
which includes
24.0
24.3
0.3
33.61
TGC-0034
and
25.2
32.1
6.9
28.61
TGC-0034
which includes
25.2
25.8
0.6
47.66
TGC-0034
and
30.3
30.6
0.3
59.31
TGC-0034
and
30.6
31.5
0.9
118.95
TGC-0034
56.1
56.4
0.3
0.90
TGC-0034
60.3
61.2
0.9
4.33
TGC-0034
66.3
69.9
3.6
120.76
TGC-0034
including
66.3
68.1
1.8
237.52
TGC-0034
which includes
67.5
67.8
0.3
1396.31
TGC-0034
and
69.0
69.9
0.9
7.92
TGC-0034
72.6
73.2
0.6
0.61
TGC-0034
74.7
75.6
0.9
5.70
TGC-0034
80.7
83.1
2.4
22.46
TGC-0034
including
81.6
82.5
0.9
57.46
TGC-0034
which includes
81.6
81.9
0.3
166.16
TGC-0034
and
82.8
83.1
0.3
4.25
TGC-0034
86.1
90.3
4.2
3.06
TGC-0034
including
88.8
90.3
1.5
7.06
TGC-0034
91.5
91.8
0.3
1.42
TGC-0034
93.0
94.2
1.2
1.06
TGC-0034
95.4
99.9
4.5
3.10
TGC-0034
including
98.7
99.9
1.2
9.10
TGC-0035
33.0
33.6
0.6
8.28
TGC-0035
36.0
37.5
1.5
6.21
TGC-0035
39.3
40.5
1.2
10.55
TGC-0035
48.0
51.9
3.9
4.33
TGC-0035
including
50.1
51.9
1.8
8.72
TGC-0035
which includes
51.0
51.3
0.3
46.28
TGC-0035
53.7
54.3
0.6
1.71
TGC-0035
56.1
65.1
9.0
3.70
TGC-0035
including
61.5
62.1
0.6
7.65
TGC-0035
and
62.7
63.9
1.2
11.80
TGC-0035
which includes
63.0
63.3
0.3
31.89
TGC-0035
and including
64.2
65.1
0.9
11.36
TGC-0035
67.5
72.9
5.4
3.44
TGC-0035
including
69.0
72.9
3.9
4.03
TGC-0035
74.7
77.7
3.0
4.38
TGC-0035
78.9
82.5
3.6
2.54
TGC-0035
including
80.1
82.5
2.4
3.24
TGC-0035
91.5
92.7
1.2
1.16
TGC-0036
11.4
12.0
0.6
2.50
TGC-0036
18.0
19.2
1.2
4.08
TGC-0036
52.5
53.4
0.9
0.74
TGC-0036
57.3
59.7
2.4
51.58
TGC-0036
70.5
71.4
0.9
11.52
TGC-0036
86.1
88.2
2.1
2.43
TGC-0036
including
87.0
88.2
1.2
3.84
TGC-0036
95.1
98.4
3.3
0.83
Table 3. Collar coordinates and dates of completion for grade control drillholes reported in this release. Coordinates are in Fiji map grid.
