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Base Metals Breaking Energy Group Ten Metals Junior Mining Metallic Group Precious Metals

Group Ten Reports High-Grade Drill Results Spanning Seven Kilometers at Stillwater West, Demonstrating Significant Potential for Expansion of Critical Mineral Resources in Montana, USA

VANCOUVER, BC / ACCESSWIRE / March 7, 2022 / Group Ten Metals Inc. (TSX.V:PGE; OTCQB:PGEZF; FSE:5D32) (the “Company” or “Group Ten”) today reports partial results from four drill holes in a second tranche of drill results from the 14-hole resource expansion campaign completed at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana, USA.

Results continue to support the Company’s priority objective of expanding the October 2021 inaugural mineral resource estimates, with multiple wide and highly mineralized intervals returned in step-out drilling at three deposit areas that span seven kilometers of the 12-kilometer core project area (see Figure 1). Mineralization remains open to expansion along trend and at depth in all deposit areas.

2021 Drill Highlights:

  • IM2021-04 returned 115 meters of 0.37% Nickel Equivalent (“NiEq”), or 0.98 g/t Palladium Equivalent (“PdEq”) in a step-out hole to the south of the HGR deposit area at Iron Mountain. Mineralization starts at surface and runs the entire length that has been assayed to date, returning 369 meters at 0.22% NiEq (0.60 g/t PdEq). Assays are pending from the bottom 53 meters of the 422-meter hole. As shown in Table 1, successive contained higher-grade intervals include:
    • 9.8 meters of 1.43 g/t 3E (Pd+Pt+Au) plus Ni, Cu, and Co values for total mineralization of 0.74% NiEq, or 1.98 g/t PdEq, and;
    • 4.8 meters of 1.35% NiEq (equal to 3.60 g/t PdEq) as 0.74% Ni, 0.65% Cu, 0.07% Co, and 0.24 g/t 3E.
  • CM2021-03 returned 0.24% NiEq (0.63 g/t PdEq) across its entire 428-meter length in step-out drilling in the DR and Hybrid deposit area, including contained intervals at higher grades:
    • 30.3 meters of 0.99 g/t 3E plus Ni, Cu, and Co values for a total of 0.51% NiEq, or 1.36 g/t PdEq;
    • 0.50% NiEq, or 1.34 g/t PdEq, over 9.2 meters, and;
    • 0.50% NiEq, or 1.34 g/t PdEq over 7.2 meters in a separate, lower interval.
  • CM2021-02 returned top-to-bottom mineralization with 333 meters at 0.23% NiEq, or 0.61 g/t PdEq, and successive higher-grade intervals including 17.0 meters of 0.51% NiEq (1.35 g/t PdEq).
  • These results, in addition to results released December 20, 2021, demonstrate significant potential to expand the October 2021 mineral resource estimates with multiple long intervals at grades well above the 0.20% NiEq cut-off grade used in that study. Moreover, as shown in Figures 2 and 3, these results provide important intercepts in step-out drill holes located up to several hundred meters from three of the five deposits modeled in the 2021 resource estimate:
    • CM2021-02 and -03 are two of six holes drilled in 2021 in the DR and Hybrid deposit area to step out from high-grade nickel sulphide-PGE mineralization identified in hole CM2020-04. In addition, these holes also returned potentially significant extensions of hybrid-type mineralization. Hole CM2021-01, reported December 20, 2021, was drilled south from the same pad as CM2021-02 and returned 728 meters of continuous sulphide mineralization at 0.27% NiEq, or 0.73 g/t PdEq, with multiple contained intervals at successively higher grades;
    • CZ2021-02 is one of two holes drilled in 2021 to step-out to the south of the CZ deposit in the area of wide, high-grade mineralization returned in hole CZ2019-01. Hole CZ2021-01, reported December 20, 2021, returned the widest high-grade intercept to date on the project being 63.7 meters of 0.92% NiEq (2.46 g/t PdEq) in this area;
    • IM2021-04 is one of six holes drilled in the HGR deposit area with the objective of expanding on wide intervals of high-grade mineralization returned in hole IM2019-03 which returned 272 meters at 0.43% NiEq (1.16 g/t PdEq) including 26.8 meters at 1.24 g/t 4E, 0.34% Ni, 0.15% Cu, and 0.019% Co, for 0.96% NiEq (2.55 g/t PdEq).
  • Assay results remain pending from eight holes, in addition to rhodium assay results on the majority of mineralized intervals reported to date.

Michael Rowley, President and CEO, commented, “The Stillwater Igneous Complex has been a large-scale American source of critical minerals for many decades, from chromium mined in the 1940s and 1950s to palladium and platinum that became essential in the 1980s. Our “Platreef-in-Montana” model is well-timed for what we believe will be the next phase of the Stillwater district’s contribution to critical mineral supply and commodity independence in the USA; world-class nickel and copper sulphide deposits, enriched in palladium, platinum, rhodium, gold, and cobalt and hosted in the lower Stillwater complex at Stillwater West.”

“This second tranche of drill results from our resource expansion campaign builds nicely upon the first results and continues to advance us towards expanded resource estimates in three of the five deposit areas on a priority basis. We continue to see demonstrations of a large mineralized system with an impressive endowment of eight of the commodities listed as critical by the US government in numerous holes across the 12-kilometer core project area. In addition, we continue to see good optionality on possible mining methods with successively higher-grade intervals contained within wider intervals of hundreds of meters of lower grade mineralization. We look forward to reporting additional drill results, exploration plans for 2022, and other news in the near term.”

Table 1 – Highlight Results from 2021 Expansion Drill Campaigns at the DR, Hybrid, CZ, and HGR Deposit Areas

Assays pending for rhodium and certain intervals denoted by *. Highlighted significant intercepts with grade-thickness values over 20 gram-meter PdEq are presented above, except as noted. Grade thickness values cover significant mineralized intervals with total palladium and nickel equivalent grade-thickness determined by multiplying the thickness of continuous mineralization (in meters) by the palladium equivalent grade (in grams/tonne) to provide gram-meter values (g-m) or by multiplying the nickel equivalent grade (in percent) to provide percent-meter values as shown. Total nickel and palladium equivalent calculations reflect total gross metal content using metals prices as follows (all USD): $7.00/lb nickel (Ni), $3.50/lb copper (Cu), $20.00/lb cobalt (Co), $1,000/oz platinum (Pt), $1,800/oz palladium (Pd), and $1,600/oz gold (Au). Equivalent values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals. In terms of dollar value, 0.20% nickel equates to a copper value of 0.40%, or a palladium value of 0.53 g/t, using the above metal values. Intervals are reported as drilled widths and are believed to be representative of the actual width of mineralization.

Upcoming News and Events

Jeffrey Christian, Managing Director of CPM Group, will join Group Ten CEO Michael Rowley for a live webinar on March 8, 2022, at 10:00 am PT (1:00 pm ET) for a concise overview and update on the Company and the Stillwater West PGE-Ni-Cu-Co+Au project with in-depth discussion on the global macro-economic picture, trends and implications for the broader commodities sector and critical minerals, in particular.

This will be an interactive event with participants encouraged to submit questions and comments throughout.

To register, click here or the graphic below.

About Stillwater West

Group Ten is rapidly advancing the Stillwater West PGE-Ni-Cu-Co + Au project towards becoming a world-class source of low-carbon, sulphide-hosted nickel, copper, and cobalt, critical to the electrification movement, as well as key catalytic metals including platinum, palladium and rhodium used in catalytic converters, fuel cells, and the production of green hydrogen. Stillwater West positions Group Ten as the second-largest landholder in the Stillwater Complex, with a 100%-owned position adjoining and adjacent to Sibanye-Stillwater’s PGE mines in south-central Montana, USA1. The Stillwater Complex is recognized as one of the top regions in the world for PGE-Ni-Cu-Co mineralization, alongside the Bushveld Complex and Great Dyke in southern Africa, which are similar layered intrusions. The J-M Reef, and other PGE-enriched sulphide horizons in the Stillwater Complex, share many similarities with the highly prolific Merensky and UG2 Reefs in the Bushveld Complex. Group Ten’s work in the lower Stillwater Complex has demonstrated the presence of large-scale disseminated and high-sulphide battery metals and PGE mineralization, similar to the Platreef in the Bushveld Complex2. Drill campaigns by the Company, complemented by a substantial historic drill database, have delineated five deposits of Platreef-style mineralization across a core 12-kilometer span of the project, all of which are open for expansion into adjacent targets. Multiple earlier-stage Platreef-style and reef-type targets are also being advanced across the remainder of the 32-kilometer length of the project based on strong correlations seen in soil and rock geochemistry, geophysical surveys, geologic mapping, and drilling.

About Group Ten Metals Inc.

Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt, and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu-Co + Au project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, and the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory.

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, brownfield 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 explorers/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.

Note 1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company’s projects.

Note 2: Magmatic Ore Deposits in Layered Intrusions-Descriptive Model for Reef-Type PGE and Contact-Type Cu-Ni-PGE Deposits, Michael Zientek, USGS Open-File Report 2012-1010.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director
Email: info@grouptenmetals.com Phone: (604) 357 4790
Web: http://grouptenmetals.com Toll Free: (888) 432 0075

Quality Control and Quality Assurance

2021 drill core samples were analyzed by ACT Labs in Vancouver, B.C. Sample preparation: crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm included cleaner sand. Gold, platinum, and palladium were analyzed by fire assay (1C-OES) with ICP finish. Selected major and trace elements were analyzed by peroxide fusion with 8-Peroxide ICP-OES finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed.

Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Group Ten and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

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.

SOURCE: Group Ten Metals Inc.



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Base Metals Energy Granite Creek Copper Junior Mining

Granite Creek Copper Completes IP Survey and Launches Phase 2 of Expanded Drill Program at Carmacks Copper-Gold Project in Yukon, Canada

July 14, 2021

Vancouver, B.C., Granite Creek Copper Ltd. (TSX.V: GCX | OTCQB: GCXXF) (“Granite Creek” or the “Company”) is pleased to announce that Simcoe Geophysics has completed a 20.8 line kilometer (“km”) induced polarization (IP) survey on the Company’s Carmacks North target area. Preliminary results from the survey have identified several near surface chargeability anomalies that have been prioritized as trenching and reverse circulation (“RC”) drill targets for Phase 2 of the 2021 season. 

Granite Creek further announces the completion of Phase 1 of its 2021 drilling program, which consisted of 19 holes totalling 6355 meters of diamond drilling on Zones 1, 2000S and 13 of the Carmacks deposit. The first tranche of assays from Phase 1 are expected very soon and will be released in batches as received and reviewed by the Company. With this initial stage of drilling completed, Vision Quest Exploration, based in Whitehorse, Yukon, has mobilized a reverse circulation (“RC”) drill rig to the property and commenced Phase 2 drilling which is expected to consist of approximately 3000 meters. 

Given the early start to the 2021 field season and encouraging early indications of success, Granite Creek has made the decision to expand the previously defined 10,000-meter program by adding a third phase which is expected to add an additional 2700 meters of diamond drilling to the overall program. Launch date for Phase 3 is tentatively targeted for early September, with potential to bring that forward to late August. The Company will provide further guidance in this regard in the ensuing weeks.

Granite Creek President & CEO, Tim Johnson, commented, “We are extraordinarily pleased with the progress we have made to date in advancing the Carmacks project. It is a testament to the strength and dedication of our team that we have been able to maintain a very aggressive pace as we move towards an updated 43-101 resource estimate and subsequent economic assessment. This drill campaign has been a showcase of professionalism from our site teams and contractors, and we are very much looking forward to carrying that momentum ahead through Phase 2 and the newly announced Phase 3. In total, we are now expecting to complete over 13,000 meters of drilling, data from which will be incorporated into the new resource update being targeted for Q4.”

Carmacks North Target Area

The Carmacks North Target area is comprised of Zones A-D, as well as additional targets currently being developed. Prior to the Granite Creek’s inaugural drill program completed last fall (see news release dated Feb 11, 2021), little work had been completed on the area since 1980. Historical high-grade copper intercepts of up to 2.52% Cu, 1.64 g/t Au, 12.84 g/t Ag over 19.81 meters were successfully followed up with intercepts of 4.31% Cu, 3.41 g/t Au, 23.78 Ag over 4.36 meters and 0.97% Cu, 0.32 g/t Au, 2.84 g/t Ag over 25 meters. Recognizing the discovery potential in the target area the Company is pleased to deploy modern, advanced exploration tools such as the Alpha Induced Polarization survey employed by Simcoe Geophysics. Capable of measuring the chargeability and resistivity of the rock up to 1000m below the surface these types of surveys greatly improves the chance of success with drilling. The use of a rapidly deployable drill rig such as the RC rig being supplied by Vision Quest along with excavator trenching allows for testing of multiple high priority targets during a single field season. 

OTCQB Metals and Mining Virtual Conference 

Granite Creek Copper will be presenting at the upcoming Green Energy and Precious Metals Investor Conference hosted by OTC Markets on July 29 at 1:30pm ET. President & CEO, Tim Johnson, will provide a comprehensive overview of the Company, including an update on 2021 exploration activities to date and upcoming newsflow. To register, click here

COVID-19 Protocols

Granite Creek has worked closely with the Yukon government to develop a COVID-19 safety plan that enables the Company to implement an effective work plan while maintaining the highest degree of safety of our workers and surrounding communities. The Company strictly adheres to mandates put in place by health authorities at the Federal and Territorial government level and holds the health and safety of our workers, and the citizens of the communities in which we work, in the highest regard. 

Figure 1: Oblique view of the UBC 2D DCIP inversion sections of the chargeability from 20.8 km of IP collected by Simcoe Geophysics over Carmacks North

Figure 2: 2D IP chargeability model of Line 3

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada’s Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Explorations Ltd, to the north and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. More information about Granite Creek Copper can be viewed on the Company’s website at www.gcxcopper.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Timothy Johnson, President & CEO
Telephone:         1 (604) 235-1982
Toll Free:             1 (888) 361-3494
E-mail:       info@gcxcopper.com
Website:    www.gcxcopper.com
Metallic Group:  www.metallicgroup.ca   

Qualified Person

Ms. Debbie James, P.Geo., a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Granite Creek Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource esti-mates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more infor-mation on Granite Creek Copper and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.


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.

Categories
Base Metals Blog Energy Junior Mining Project Generators

Skyharbour’s Partner Company Azincourt Energy 2021 Winter Drill Program Preparations Underway at East Preston Uranium Project


Press Release


Click here


“We’re pleased to get the 2021 drill program underway,” said president and CEO of Azincourt, Alex Klenman. “East Preston has had only 12 holes drilled to date, and these early results confirm we have the right basement unconformity uranium setting with the right rocks, structure and alteration.  We’re still very early in the exploration phase, and with the recent geophysics program adding significantly to the drill target inventory we’re confident we’re on the path to discovery.  We’re looking forward to continuing the development of East Preston,” commented Mr. Klenman. 
For further information contact :
Spencer Coulter
Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Email: info@skyharbourltd.com

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Base Metals Energy Junior Mining Top Bar

Lots of Potential for Nevada Copper in 2021

Lots Of Potential for Nevada Copper In 2021

  • Copper is on a bullish tear- More upside in 2021 in all metals
  • China is a massive buyer- A reason the US is next
  • Nevada Copper- A strong management team with solid financing
  • Proven and probable reserves in the US with the potential for more
  • An emerging producer- Risk-reward and the value proposition favors lots of upside

Finding value in the stock market is a challenge these days. At the end of 2019, Tesla shares were trading at a split-adjust level of below $90 per share. On December 18, they were at $695. Returns like that are hard to come by; they require taking a fair amount of risk. Elon Musk had more than his share of detractors in late 2019. In 2020, they became very quiet.

As we move into 2021, we are hopeful the global pandemic will fade into our rearview mirror. Vaccines that create herd immunity to the virus are already becoming available. However, the economic legacy of a tidal wave of liquidity and tsunami of stimulus will remain a reminder of the costly coronavirus.

The 2008 global financial crisis was a far different event than the 2020 pandemic. However, central banks and governments employed the same financial tools. The only difference was in 2020; the levels were much higher. In 2008, the US Treasury borrowed a record $530 billion to fund the stimulus. In May 2020, the Treasury borrowed $3 trillion. The inflationary liquidity and stimulus ignited a secular rally in the raw materials asset class.

From 2008 through 2011, copper’s price exploded from $1.2475 to $4.6495 per pound. The price rose by over 3.7 times. In March 2020, the price of copper dropped to a low of $2.0595. If history repeats, the target for the red metal could be much higher than the 2011 record peak.

Nevada Copper Corporation trades under the symbol NEVDF in the OTC market or NCU.TO on the Toronto Stock Exchange.  Nevada Copper is an emerging mid-tier copper producer that could provide incredible returns in a rising copper market.

Copper is on a bullish tear- More upside in 2021 in all metals

In 1988, the copper price rose to a record high of $1.6085 per pound in the futures market. It was not until 2005 that the red metal made a higher high.

Source: CQG

The long-term quarterly chart highlights the ascent of copper. The nonferrous metal has made higher lows since 2001. Technically, copper looks poised to reach a new all-time peak over the coming years. Price momentum and relative strength indicators point to a bullish trend as we move into 2021. After moving to a higher low in March, copper has posted gains over the past three consecutive quarters and has broken out to the upside.  

Source: CQG

The monthly chart illustrates price gains in nine of the past ten months. The next level of technical resistance stands at the 2012 peak at just below $4 per pound, a gateway to the record high at $4.6495 from 2011. Central bank and government monetary and fiscal policies are rocket fuel for the red metal and many other commodities as they weigh on fiat currencies’ purchasing power. The London Metals Exchange is the leading trading venue for copper and other base metals.

Source: LME/Kitco

The chart shows that copper inventories on the LME are closer to the lows than the highs over the past five years. At below 106,000 tons as of January 6, the low level of stockpiles is an indication that the fundamental equation is tight and favors the upside for the red metal.

China is a massive buyer- A reason the US is next

China is the demand side of the equation for copper and many other commodities. With 1.4 billion people and the world’s second-leading economy, the Chinese require massive copper inflows for infrastructure building each year.

The global pandemic has caused the US economy to falter. The high level of unemployment is a substantial challenge for the incoming Biden administration. Meanwhile, there is bipartisan support for an infrastructure rebuilding program that would make jobs available and repair the crumbling roads, bridges, tunnels, airports, government buildings, schools, and other infrastructure parts over the coming years. An infrastructure package would increase US demand for copper and other construction materials.

Meanwhile, we are likely to see demand for copper increase at a time when the expanding money supply is already pushing the price higher, creating an almost perfect bullish storm for the base metal. 

Nevada Copper- A strong management team with solid financing

In the mining business, experienced management is critical for success. Glencore is one of the leading commodity producers and trading companies in the world. Nevada Copper’s CEO, Mike Ciricillo, was the former head of global copper assets at Glencore.

Pala Investments is a company dedicated to value creation in the mining sector. Nevada Copper’s Chairman Stephen Gill is a managing partner at Pala.

Tom Albanese, the company’s leading independent director, is the former CEO of Vedanta Resources, one of the world’s leading diversified natural resource companies with operations in India, South Africa, Namibia, and Australia. The company is a producer of oil, gas, zinc, lead, silver, copper, iron ore, steel, and aluminum. He was also Rio Tinto’s CEO. Rio Tinto is a global leader in raw materials production with a market cap of over $95 billion.

Nevada Copper has an all-star team at its helm. The company can finance through a senior debt facility at a low rate of interest backed by the German government. Management has arranged for off-take agreements for its copper concentrates.

Proven and probable reserves in the US with the potential for more

Nevada Copper owns mining properties and rights in the US in a region ranked in the top three in mining jurisdictions by the Fraser Institute in 2019. The Canadian Institute is a think tank that researches natural resources and other areas that impact Canadians’ quality of life.

The company has mineral resources of six and one-half billion pounds of copper, including underground and open pit measured and indicated resources.

The desert climate and local typography in Nevada are optimal for efficient and eco-friendly mining. The company uses a dry-stack method for tailings, which achieves a high percentage of recycled water and no tailings dam requirement.

Nevada Copper has strong support from the local community and all levels of Nevada’s state government for its projects and is fully permitted. It is the first producer in the area since 1978 with a large copper inventory in the earth’s crust. And, Nevada Copper has the only processing permit in the district.

Meanwhile, the underground mine is currently in production, with commercial output targeted mid-year of 2021. The company has a net present value of $421 million in post-tax revenues at $3.50 per pound, which does not include the pre-production open pit project. The copper price is already above that level. With over 13 years of remaining mine life, the project has another 680 million pounds of inferred resource available.

The next phase of projected output will come from the open pit, fully permitted for production with five billion pounds of copper, measured and indicated. The net present value of this reserve is approximately $1.2 billion, post-tax at $3.50 per pound.

Additionally, Nevada Copper is exploring for metals on over 16,000 acres in the region. The company’s current market cap of $150 million makes for a compelling value proposition.

On January 6, the company announced a steady increase in performance from its Pumpkin Hollow underground project. The CEO, Mike Ciricillo, commented:

The team continues to improve the performance both at the mine and processing plant, evidenced by the operational metrics for December. Most importantly, they have done it safely. In addition, the commissioning of the main hoist system is progressing well, with the shaft reaching its full production speed further enabling the ramp-up to our goal of 5,000 tpd of hoisted material. We are well on our way to show the potential of the Pumpkin Hollow Underground Project.”

The company also announced it closed the previous announcement amendment to its existing senior credit facility on December 30, 2020. The amendment included a $15 million increase in the loan amount and a deferral of $26 million of planned debt service until 2023. Nevada Copper drew down the fill $15 million on December 30, 2020. The full details of the latest new can be accessed via this link.

An emerging producer- Risk-reward and the value proposition favors lots of upside

Emerging producers carry lots of risk in the world of commodities. However, the reward is always a function of risk in all markets. An experienced management team with a top-notch pedigree, production permits in a copper-rich area in Nevada, in the politically stable United States, and the prospects for a rising copper price make Nevada Copper a company to put on your investment radar. Nevada Copper trades on the Toronto Exchange under the symbol NCU.TO

Source: Barchart

Since November 2, the stock has traded from a low of 5.0 cents to a high of 13.3 cents per share on January 6. NEVDF, the US OTC shares, has a market cap of $192.14 million and trades an average of over one million shares each day. At 13.30 cents on January 6, NEVDF is a company that could offer incredible growth over the coming years. A rising copper price in a world where demand is increasing will support more production. There is always lots of risk in stocks that trade for pennies. However, NEVDF/NCU.TO is a company that could be trading for dollars as the prospects for the red metal look bright.

It is always challenging to identify companies that can experience explosive growth. A reward is always a function of risk. Nevada Copper could be one of those diamonds in the rough in the mining business for 2021 and beyond.

Written By: Andrew Hecht, on behalf of Maurice Jackson of Proven and Probable.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.

Categories
Base Metals Energy Junior Mining Project Generators

Riverside Resources Provides Corporate Outlook for 2021


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Corporate Presentation

Riverside’s President and CEO, John-Mark Staude, stated: “2020 was a challenging year for the world and yet Riverside was lucky to have strong projects, a strong local team, and partners to work through the year such that we are set up exceptionally well entering 2021. We are grateful to our shareholders and stakeholders as we have worked to be safe and follow protocols while progressing the business of discovery and property assets that we control. Riverside is looking forward to building and growing through 2021 as we continue to be bullish on the prospect of another strong year in the gold space. The Company has been strategically positioning itself with high-quality projects and partnerships and is geared up for a productive year ahead.

Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671
TF: (877) RIV-RES1
Web: www.rivres.com

 

Categories
Base Metals Energy Junior Mining

Nevada Copper Announces $21.5 Million Bought Deal Public Offering of Units


Press Release


Corporate Presentation

Mike Ciricillo, CEO of Nevada Copper commentedThis offering together with the recently completed upsize of our credit facility with KfW IPEX-Bank will strengthen the Company’s balance sheet as it proceeds to complete its ramp-up of the Pumpkin Hollow Underground Project.

For further information contact:
Rich Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179