Visit our comments section throughout the day for helpful tips. Possible fresh posting later today followed by BMR Morning Market Musings tomorrow.
1. Gold has traded between $1,254 and $1,262 so far today…as of 7:00 am Pacific, bullion is up $2 an ounce at $1,255 as it backs off slightly again from resistance at its 200-day moving average (SMA)…Silver has added 3 cents to $18.26…Peter Hug, global trading director at Kitco Metals, told Daniela Cambone in an interview: “I’ve been in this business since 1973. If you are bullish and are looking to get into the physical metals market, this is the best time…you are not going to find much better premiums that are being offered by the dealers today. You can buy 1 ounce Gold bars for as little as $8 over spot, 100 ounce Silver bars for as little as 30 to 40 cents over spot.”
2. April has been a winning month for Gold 68% of the time going back 2 decades, as we showed in a chart yesterday at BMR, bullion’s best month of the year (tied with September) in terms of its likelihood to close higher…from widespread geopolitical concerns to U.S. deficit and debt issues which will become more prominent in the weeks ahead, Gold has no shortage of potential triggers to create momentum…holdings of SPDR Gold Trust, the world’s largest Gold-backed ETF, climbed 0.53% to 836.77 tonnes yesterday…
3. Orders to U.S. factories rose in February amid a surge in demand for commercial aircraft, but a key category that tracks business investment spending slipped for the first time in 5 months…meanwhile, the U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a 3rd straight month as a manufacturing revival under President Trump gains momentum…
4. The Venture is on the cusp of an important breakout above a Fib. resistance band between 817 and 824…the Index is up another 4 points at 822 as of 7:00 am Pacific…Tinka Resources (TK, TSX-V), one of yesterday’s trading leaders, is off 2 pennies at 67 cents after confirming an important new high-grade Zinc discovery through the first 2 holes of a 10,000-m drill program at its 100%-owned Ayawilca Project in central Peru…in Toronto, the TSX is up slightly while the Dow is down slightly through the first 30 minutes of trading…
5. Cannabix Technologies (BLO, CSE) gave bullish new technical signals last week following a 25% jump triggered by encouraging preliminary results from live testing of its marijuana breathalyzer…we’re seeing confirmation of that breakout early this week with BLO crossing the 80-cent level this morning for the first time since late February as it gains traction above a 50-day EMA at 74 cents that has reversed to the upside…another highlighted chart from John is Castle Silver Resources (CSR, TSX-V) which is in the process of pushing above an ascending triangle that formed in February, opening a path to a short-term measured Fib. level in the high 30’s…the technicals also align with the fundamentals in that situation as CSR emerges as an important player in northern Ontario’s burgeoning Cobalt-Silver Camp…CSR is unchanged at 26 cents as of 7:00 am Pacific…
6. Engold Mines (EGM, TSX-V), which has made an intriguing early-stage drilling discovery in British Columbia’s Cariboo region, announced this morning that it has has arranged a non-brokered private placement of 4 million flow-through units at 50 cents per unit for gross proceeds of $2 million…the units will consist of 1 flow-through share and 1 warrant to purchase 1 non-flow-through common share at a price of 60 cents for a period of 2 years…EGM is unchanged at 44 cents as of 7:00 am Pacific…
7. GT Gold (GT, TSX-V) announced this morning that it’s raising more money for aggressive 2017 drilling scheduled to begin in June for its Saddle Gold prospect in the Red Chris area of northwest British Columbia…the company is targeting a raise of $2 million, approximately half in hard dollars at 32 cents and the other half in flow-through at 45 cents…President and CEO Kevin Keough says the funds raised will be used to ensure uninterrupted operations from August through early October should Phase 1 drill results be supportive and weather conditions allow, resulting in an estimated doubling of the total meters drilled this year from the planned 4,600 for nearly 100 holes in July and August…GT closed yesterday at 36 cents…
The 3 most popular recent BMRÂ articles…
BMR Morning Market Musings:Â Gold Is Showing That It May Soon Take Many Traders By Surprise
Update:Â Who’s Who In The Northern Ontario Cobalt Camp
“Optionality” – A Strategy That Works:Â Get Gold Exposure For Only $8 Per Ounce
ABEN – hmmmmmmmmm
also the TTC has won the right to do random drug testing.. hmmmmmm again:)
more companies will win that right and BLO will be there to help!!!!
Comment by Jeremy — April 4, 2017 @ 9:50 am
Hello Jon, perhaps a thought to add the Cobalt price and graphic to the front page of BMR as well. GGM’s future mill mostlikely will be used by CSR. Your thoughts? Have a good evening. Cheers from Holland, Arjan
Comment by Arjan — April 4, 2017 @ 10:36 am
ABN is waking up…pretty much on cue.
Comment by Jon - BMR — April 4, 2017 @ 11:20 am
well at least one is wakeing up,preeety dead,the slow play and silence must have something to do with the Russians…omg enuff already!!
Comment by Laddy — April 4, 2017 @ 12:18 pm
Jon, when GGI is finally able to do the VTEM at the E&L, how many days does it take to fly the VTEM, and how long does it take to interprept the results of the VTEM for GGI, and then provide us with a NR about their findings.
Comment by pole — April 4, 2017 @ 12:46 pm
GGI. PI dump. frustrated perhaps?
Comment by david — April 4, 2017 @ 12:58 pm
Regoci’s lack of updates is really negatively affecting the SP. Nothing from Tora Tora – even if the results are a bust, and nothing on the EM survey – even if though the weather is slowing things down. Nothing wrong with putting information on their website at no cost. Very frustrating.
Comment by Dan1 — April 4, 2017 @ 1:16 pm
Mr. Adam Travis reports
COLORADO INTERSECTS 25 FEET OF 9.75 G/T GOLD AT GREEN SPRINGS, NEVADA
Further to the news release of Feb. 24, 2017, Colorado Resources Ltd. has received the assay results from its initial phase of reverse circulation drilling at Green Springs and continues to expand, explore and advance the property.
Adam Travis, Colorado’s president and chief executive officer, stated: “Our Green Springs phase 1 winter drill program was a success, encountering intercepts up to 135 feet of 3.23 grams per tonne gold, including 25 feet of 9.75 g/t gold in the E zone, discovering new mineralization with 125 feet of 1.37 g/t gold occurring in hole 8 in the A zone and finding mineralization in the first ever drill holes (holes 11 and 12) completed in the G zone, including 20 feet of 1.12 g/t gold in hole 12. Based on these results, we have completed the staking of additional claims, expanded the collection of soil samples and will be permitting more drilling.”
The drill program evaluated the following three targets (see following Table and Figure 1 for results – http://media3.marketwire.com/docs/cxo0404fig1.pdf):
E Zone – RC Drillholes GSC17-01 to GSC17-04 tested the nature of gold mineralization at the lower Chainman Shale – Joana Limestone contact south of the historic mine workings (“E” Zone) and along the trend of a north-south striking mineralized structural corridor. Results include Hole 1 which returned 135 feet of 3.23 g/t gold including 25 feet of 9.75 g/t gold. These results confirm our concept that high grade feeder structures may exist to the south of the old pits and that mineralization can extend into the underlying Joana limestone.
A Zone – RC Drillholes GSC17-05 to GSC 17-10 tested the nature of gold mineralization associated with the lower Pilot Shale – Guilmette Limestone contact in the “A” Zone. This contact is well exposed to the north and to the east of the mine workings and is associated with well developed, thick jasperoidal bodies which have been shown to be spatially related to gold mineralization in both historic(1) RC boreholes and surface rock samples. Results include Hole 8 which returned 125 feet of 1.37 g/t gold, Hole 6 which returned 80 feet of 1.75 g/t gold and Hole 5, which returned 130feet of 1.07 g/t gold. These results confirm our premise that rocks mapped as the underlying and un-mined Pilot Shale have the potential to host significant gold mineralized zones at relatively shallow depths.
G Zone – RC Drillholes GSC17-11 & GSC17-12 were collared in the newly discovered “G” Zone. The G Zone lies at the crest of a regional scale antiform, is associated with a distinctive gold in soil anomaly and has never been drill tested until now. Results include Hole 12 which returned 20 feet of 1.12 g/t gold.
The Colorado RC drill program was designed to be a very preliminary test of these permissive stratigraphic and structural contacts over a combined strike length of approximately 3.0 km and based on these results more drilling is warranted.
To follow up these exciting initial results, Colorado has completed additional claim staking and soil sampling and will be permitting an expanded drill program.
Hole ID ZoneTotal Depth (ft)From (ft)To (ft)Interval (ft)Au g/t (1)
GSC17-1 E Zone 410 250 385 135 3.23
including 295 320 25 9.75
including 300 315 15 12.00
GSC17-2 E Zone 415 240 410 170 0.38
including 250 325 75 0.61
GSC17-3 E Zone 390 260 330 70 0.23
GSC17-4 E Zone 410 245 380 135 1.85
including 265 300 35 4.16
GSC17-5 A Zone 335 90 220 130 1.07
GSC17-6 A Zone 395 90 170 80 1.75
including 125 160 35 2.89
GSC17-7 A Zone 395 80 170 90 0.54
GSC17-8 A Zone 335 55 180 125 1.37
including 55 120 65 2.36
GSC17-9 A Zone 465 45 270 225 0.82
GSC17-10 A Zone 395 60 130 70 1.14
GSC17-11 G Zone 545 0 30 30 0.68
GSC17-12 G Zone 410 5 25 20 1.12
(1) The intervals reported in this release represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized intervals and all values are uncut.
About Green Springs
The Green Springs Property is currently under option from Ely Gold & Minerals Inc. (TSX VENTURE:ELY)(OTC PINK:ELYGF) (“ELY”) whereby Colorado can acquire a 100% interest in 193 unpatented claims (1,416.2 hectares) held or under option by ELY and is located in the eastern Great Basin approximately 50 miles south of Kinross’s Bald Mountain/Alligator Ridge Mine(1) and 35 miles west of Ely, Nevada. It is a classic Carlin-style gold system that represents part of a growing number of Carlin-type systems and new discoveries located outside the main Carlin and Cortez Trends in largely underexplored parts of Nevada.
Qualified Person
Dr. Jim Oliver, Ph.D, P. Geo., the Company’s Chief Geoscientist, is the Qualified Person as defined by National Instrument 43-101 who reviewed the preparation of the technical data in this news release.
QA/QC Statement on Assay Results
The 2017 samples were analyzed by Actlabs Kamloops, British Columbia. Samples were prepared by the RX1-500g method, which involves crushing the entire sample to 90% passing -2mm, splitting off 500g and pulverizing the split to better than 95% passing 105 microns. Base metal assays were first determined using the total digestion ICP and ICP/MS UT-6 method, which reports results as parts per million (ppm). The gold assays were determined using the 1A2 fire assay method which reports results in ppm and are equivalent to grams per tonne (g/t). Any samples returning greater than 10 ppm gold were analyzed by the 1A3 fire assay method with a gravimetric finish. The analytical results were verified with the application of industry standard Quality Control and Quality Assurance (QA-QC) procedures. The results of GSC 17-5 may be shifted by 5 feet due to a potential footage discrepancy. Additional QAQC studies and analytical studies relevant to the characteristics of the gold mineralized zones are currently being undertaken. In the opinion of the QP, the results of these studies will have a very low probability of constituting a material change in the data contained within this press release.
About Colorado
Colorado Resources Ltd. is currently engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in British Columbia and Nevada. Colorado’s main BC exploration projects include the KSP property currently under option with Seabridge Gold Inc., the 100% owned Kingpin property and the 100% owned North ROK property. Additionally Colorado holds an option on the Green Springs Property (Nevada) from Ely Gold & Minerals Inc.
(1) This news release contains information about adjacent properties on which Colorado has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.
Comment by Jon - BMR — April 4, 2017 @ 1:51 pm
Mmmk, one seller, multiple buyers on ggi, probably chalk that one up to, you know what!. Should wake up soon. Any whispers that regoci is filling up those empty football fields yet Jon? Getting close to activity time for the whole area.
Comment by Laddy — April 4, 2017 @ 1:57 pm
Pole – I believe it takes 4 or 5 days to complete given the location. In my opinion, it should have been done immediately after last summers ground work. After all, there was plenty of historical data already. Everyone knows a VTEM is what’s required.
Comment by Dan1 — April 4, 2017 @ 2:10 pm
Much ado about nothing, Laddy…small trade, small focus if anyone is consternating over it. Yes, it’s getting close to activity time and we’ll see that reflected shortly I am sure. Any nervous nellies will look foolish again.
Comment by Jon - BMR — April 4, 2017 @ 3:12 pm
Thanks for that Dan1. I wasn’t sure how long it would take. Hopefully the weather co-operates up there shortly so GGI can getter done.
Comment by pole — April 4, 2017 @ 3:33 pm
Yup right on, been an unusually cool spring, hence slow snow melt, should be good for getting around in up there, nothing worse or challenging than playing around in the mud.
Comment by Laddy — April 4, 2017 @ 4:03 pm
Jon, the reason there are nervous nellies is because of the lack of trust. On August 14,2015 Regoci said in his new release that assays are pending on La Patilla? Where is the news release with the results? On Jan 20,2017 he said assay results were expected on Tora Tora in February. I can only assume that no news means bad news so perhaps some investors expect the same thing regarding the E&L prospect. The longer the time period without news the more people will wonder.
Comment by Danny — April 4, 2017 @ 5:51 pm
Danny – He surely doesn’t have a good track record when it comes to promises. I say promises because when you state in a NR that results expected in a certain time frame and that time frame goes way out to lunch then that’s not delivering on your promise. The only comforting factor is the experienced and respected nickel team he has brought on board.
Comment by Dan1 — April 4, 2017 @ 6:23 pm
Hello Jon,
Any thoughts about CXO news? It seems a very good to me…do you think it will push the price higher?
Comment by Sylvain — April 4, 2017 @ 6:28 pm
The nervous nellies easily get thrown off track and hurt themselves when they lose focus on what they should be focusing on with regard to GGI, Danny…they caught up in Regoci
(distraction) and a drop of a penny in the stock on a lousy 100,000 shares shakes their faith…wow!…GGI and the E&L and strong hands in this stock are much bigger than Regoci, so take comfort in that…tip of the day!
Comment by Jon - BMR — April 4, 2017 @ 6:32 pm
GGI – any news on the financing? is that holding up the VTEM? no cash? lots of talk of buyers back when the Chinese claims were picked up. Trading since the PDA has been lacklustre to say the least. Down almost 30% since everyone got excited that Makela an Goldie were on board in Feb.
Comment by david — April 4, 2017 @ 7:05 pm
Dan1…agreed, the only reason a lot of people are still in this including myself is because of the respected people involved in E&L.
Comment by Danny — April 4, 2017 @ 7:07 pm
NXO.V nexoptic presentation this evening made local (vanc.) news cast this evening. Globel T.V. Good news. Moon shots etc. taken with their technology, 1/12th the size of a comparable, telescope, square, FLAT lens. Will change the worlds concept and their next target is to replace the lens systems in the I-PHONE. Apple, Samsung etc will have to pay,pay which raises the possibility of mucho millions of dollars flow to buy into the use of this tech. They claim more light penetration, more colour. Think of future space shots.
Comment by charleybarley — April 4, 2017 @ 7:20 pm
No question that this was a really successful first round of drilling at Green Springs, Sylvain, and it’s going to set up a very interesting follow-up round. Great potential to turn this property into a small-scale producer – how many average investors will actually understand that at this stage is the big question because so much flies over their heads. Note the robust results in holes 5 to 10 that tested the underlying and unmined Pilot shale – impressive, and it definitely appears that high-grade feeder structures exist to the south of the old pits. Lots of new mineralization to find on this property with at least a 3 km strike length. Another example of historical explorers/miners who missed an awful lot and didn’t really grasp the full geology. Great job by the CXO technical team!
The big benefit for the stock will be CXO pulling all the data together on Green Springs and creating a powerful presentation for investors and plenty of anticipation in the market leading into follow-up drilling which I assume would be after the KSP program this summer—–would cut back significantly on selling in the stock in August and September during the latter/final stages of KSP work. Investors would have something to look forward to and speculate on immediately after KSP. That is what we call market execution.
Comment by Jon - BMR — April 4, 2017 @ 7:21 pm
I agree with you Jon, we will see from tomorrow if investors did like it !
Thank you, have a nice evening.
Comment by Sylvain — April 4, 2017 @ 7:33 pm
Hit Technologies arranges $330,000 note financing
2017-04-04 16:44 ET – News Release
Mr. Brooks Bergreen reports
HIT TECHNOLOGIES ANNOUNCES CONVERTIBLE NOTE FINANCING
Hit Technologies Inc. intends to issue up to $330,000 in convertible notes on a private-placement basis. The notes will bear interest at the rate of 10 per cent per year with a two-year term and are convertible into common shares of the company at five cents per share in the first 12 months and at 10 cents per share in the second 12 months. It is anticipated that one or more insiders of the company will subscribe pursuant to the financing.
The company plans to use the funds from the financing to finance continuing operations and for general working capital purposes. All securities issued in connection with the above transactions will be subject to a four-month statutory hold period. The financing is subject to the approval of the TSX Venture Exchange.
We seek Safe Harbor.
Maybe this will get HIT moving.
Comment by Ed — April 4, 2017 @ 8:24 pm
Engold Mines Ltd. has been halted at 6:06 a.m. PT on April 5, 2017, at the company’s request, pending news.
Comment by Jon - BMR — April 5, 2017 @ 6:13 am
CRE.V = Very good news ! Follow the link bellow for more infos and pictures.
http://www.cecorp.ca/wp-content/uploads/2017-04-05_communique.pdf
Critical Elements complĂšte avec succĂšs les essais en usine pilote et produit un concentrĂ© de spodumĂšne dâune teneur allant jusquâĂ 6,56 % LI2O
5 AVRIL 2017 â MONTRĂAL, QUĂBEC â Corporation ĂlĂ©ments Critiques (la « SociĂ©tĂ© » ou « Critical Elements »)(TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) est heureuse dâannoncer quâelle a complĂ©tĂ© avec succĂšs ses essais pilotes pour confirmer la fiabilitĂ© et lâefficacitĂ© de la conception du circuit de lâusine de flottation, rapportant un concentrĂ© de lithium pouvant aller jusquâĂ 6,56 % et une rĂ©cupĂ©ration allant jusquâĂ 83,4 %. Les rĂ©sultats obtenus en usine pilote dĂ©montrent une solide comprĂ©hension de la rĂ©action du matĂ©riel minĂ©ralisĂ© avec le procĂ©dĂ© de traitement et confirment que des rĂ©sultats similaires aux essais en circuit fermĂ© devraient ĂȘtre atteints dans une usine commerciale avec des Ă©quipements optimaux.
Des essais en circuit fermĂ© ont donnĂ© des rĂ©sultats exceptionnels, un concentrĂ© dâune teneur de 6,65 % de Li2O pour le matĂ©riel de Rose et Rose Sud et un taux de rĂ©cupĂ©ration de 89,7 % pour Rose et de 89,3 % pour Rose Sud. La rĂ©cupĂ©ration du tantale Ă©tait de 48,1 % pour Rose et de 64,4 % pour Rose Sud, respectivement, avec des teneurs de 1,44 % et 2,39 % Ta2O5.
Les essais comprenaient Ă©galement des essais pour la production dâun concentrĂ© de matĂ©riel minĂ©ralisĂ© Ă faible teneur en fer pour les applications de verre et de cĂ©ramique de plus grande valeur (Spodumene Technical Grade).
« Je suis trĂšs enthousiaste que les rĂ©sultats obtenus Ă lâusine pilote mettent en Ă©vidence le faible risque du projet. Le marchĂ© du lithium recherche dĂ©sespĂ©rĂ©ment de nouveaux fournisseurs, fiables et durables comme Critical Elements, car la demande annuelle de carbonate de lithium devrait passer de 200 000 tonnes Ă plus de 600 000 tonnes », a commentĂ© Dr. Steffen Haber, prĂ©sident.
« Helm fĂ©licite Critical Elements pour les taux de rĂ©cupĂ©ration de spodumĂšne de haute qualitĂ© lors des essais en usine pilote. Nos clients attendent avec impatience le jour oĂč nous pourrons subvenir Ă leurs besoins en sâapprovisionnement Ă la mine Rose », a commentĂ© Oliver Leptien, directeur exĂ©cutif, dĂ©partement des produits dĂ©rivĂ©s chez Helm AG ».
Les rĂ©cupĂ©rations du lithium se sont amĂ©liorĂ©es Ă mesure que les essais progressaient, ce qui indique une solide comprĂ©hension du procĂ©dĂ©, ce qui a facilement permis les ajustements dâopĂ©rations nĂ©cessaires durant les essais. La conception de lâinstallation proposĂ©e inclut : le broyage simple, les circuits de flottaison standards de lâindustrie, ainsi quâune sĂ©paration magnĂ©tique et gravimĂ©trique pour amĂ©liorer le concentrĂ© de spodumĂšne et de tantale.
Les essais pilotes ont été réalisés en phases de 12 et 48 heures à raison de 250 kg/h sur du matériel provenant de deux zones différentes, soit Rose et Rose Sud. Les essais initiaux ont été effectués pendant une période de 12 heures pour établir les conditions de fonctionnement, aprÚs quoi un essai de 48 heures a été effectué pour produire un concentré et tester la conception du circuit sélectionné.
La sĂ©rie dâessais pilotes effectuĂ©e sur les zones Rose et Rose Sud a confirmĂ© les rĂ©sultats des teneurs et rĂ©cupĂ©rations obtenus lors des essais antĂ©rieurs. Les essais ont rapportĂ© des rĂ©sultats allant jusquâĂ 6,41 % de Li2O avec une rĂ©cupĂ©ration atteignant 83,4 % pour Rose et 6,56 % de Li2O avec une rĂ©cupĂ©ration atteignant 81,9 % pour Rose Sud. En ce qui concerne le tantale, des ajustements ont Ă©tĂ© apportĂ©s Ă lâunitĂ© de rĂ©cupĂ©ration du tantale et une unitĂ© supplĂ©mentaire a Ă©tĂ© ajoutĂ©e pour amĂ©liorer la rĂ©cupĂ©ration. Les quatre derniĂšres sĂ©ries dâessais ont montrĂ© une rĂ©cupĂ©ration de tantale atteignant jusquâĂ 69,1 %. Le travail de lâusine pilote indique que des rĂ©cupĂ©rations similaires aux essais en laboratoire peuvent ĂȘtre obtenues pour le tantale. Le concentrĂ© de tantale produit sera, par la suite, concentrĂ© par gravitĂ© ou flottation, afin de faire passer la teneur du concentrĂ© de 1-2 % de Ta2O5 jusquâĂ 25 % de Ta2O5.
« Nous sommes trĂšs enthousiastes de ces rĂ©cents rĂ©sultats, lesquels confirment un concentrĂ© de haute qualitĂ© et un taux de rĂ©cupĂ©ration robuste du projet Rose », a commentĂ© Jean-SĂ©bastien LavallĂ©e, chef de la direction de Corporation ĂlĂ©ments Critiques. « Les essais en laboratoire du projet Rose lithium-tantale ont toujours rapportĂ© des rĂ©cupĂ©rations et des teneurs en lithium supĂ©rieures aux normes de lâindustrie. Ces rĂ©sultats ont maintenant Ă©tĂ© confirmĂ©s Ă lâĂ©chelle de lâusine pilote ».
Jean-Sébastien Lavallée (OGQ # 773), géologue, actionnaire et chef de la direction de la Société et Personne Qualifiée selon le RÚglement 43-101, a révisé et approuvé le contenu technique du présent communiqué.
Ă PROPOS DE CORPORATION ĂLĂMENTS CRITIQUES
La SociĂ©tĂ© a rĂ©cemment publiĂ© une analyse financiĂšre du Projet Rose dĂ©tenue Ă 100 % par la Critical Elements (Ătude Ă©conomique prĂ©liminaire (PEA) du projet Rose lithium-tantale, Genivar, dĂ©cembre 2011) qui est basĂ©e sur des prĂ©dictions de prix de 260 $ US/kg (118 $/lb) pour le Ta2O5 contenu dans le concentrĂ© de tantalite et de 6 000 $ US/t pour le carbonate de lithium (Li2CO3). Le taux de rendement interne (« TRI ») du Projet Rose est estimĂ© Ă 25 % aprĂšs impĂŽts et la valeur actualisĂ©e nette (« VAN ») Ă 279 millions $ CA Ă un taux dâescompte de 8 %. La pĂ©riode de recouvrement est estimĂ©e Ă 4,1 ans. Le TRI avant impĂŽts du Projet Rose est estimĂ© Ă 33 % et la VAN Ă 488 millions $ CA Ă un taux dâescompte de 8 %. (Une ressource minĂ©rale nâest pas une rĂ©serve si elle nâa pas dĂ©montrĂ© sa viabilitĂ© Ă©conomique.) Voir le communiquĂ© de presse datĂ© du 21 novembre 2011.
Les conclusions du PEA indiquent que lâopĂ©ration pourrait soutenir un taux de production de 26 606 tonnes de carbonate de lithium haute puretĂ© (> 99,9 % Li2CO3) et 206 670 livres de Ta2O5 par an sur une durĂ©e de vie de 17 ans.
Le Projet Rose contient actuellement une Ressource Minérale de 26,5 millions de tonnes de Ressources Minérales Indiquées à une teneur de 1,30 % Li2O Eq. ou 0,98 % Li2O et 163 ppm Ta2O5 et 10.7 millions de tonnes de Ressources Minérales Présumées à une teneur de 1,14 % Li2O Eq. ou 0,86 % Li2O et 145 ppm Ta2O5.
RENSEIGNEMENTS :
Relation avec les investisseurs :
Jean-Sébastien Lavallée, P. Géo.
Chef de la direction
819-354-5146
[email protected]
http://www.cecorp.ca
Relations publiques Paradox
514-341-0408
Comment by Sylvain — April 5, 2017 @ 6:37 am
The importance of gravity data…that should ring a bell with regard to GGI’s Nickel Mountain…
Mr. David Brett reports
ENGOLD FINDS TWO NEW, STRONGER GRAVITY ANOMALIES NEAR DISCOVERY AREA AT LAC LA HACHE PROPERTY
Engold Mines Ltd.’s newly collected gravity survey data indicate two new highly anomalous zones in the vicinity of the company’s recent copper-rich drill holes on its 100-per-cent-owned Lac La Hache property. No previous drilling has been completed in the area of the new anomalies. The most significant of the new anomalies is located approximately 2.5 kilometres northwest of discovery hole G16-01 and has returned values exceeding three milligals, which is three times higher than values reported to date, and is approximately 1,000 metres by 500 metres at the 2.5-milligal level and higher. Located 1.2 kilometres to the southeast of discovery hole G16-01, another anomaly with contoured values up to 1.6 milligals is approximately one kilometre by one kilometre at the 1.3-milligal level and higher. Also, the previously reported gravity anomaly has intensified to 1.5 milligals with new data collected and indicates that the higher values increase to the south of the drilling at the discovery hole. The gravity survey is continuing. A map showing the location and modelling of the new preliminary data has been posted to the company’s website.
“The size and intensity of the new anomaly to the northwest is outstanding,” said vice-president of exploration Rob Shives, PGeo. “The three strong gravity anomalies line up in a northwest/southeast trend that is now over three kilometres long.”
Comment by Jon - BMR — April 5, 2017 @ 6:58 am
EGM Assays should be Interesting
.17c to .57 high today in six weeks and cashed up
Comment by Silverhook — April 5, 2017 @ 7:40 am
Silverhook, increasingly this has the look and feel of potentially something quite big when one starts connecting the dots with the gravity info…next assay results – probably any day now – could draw many new players into EGM if the numbers compare favorably with the first hole…
Comment by Jon - BMR — April 5, 2017 @ 8:10 am