Los Andes testing shows improved filtration results
Los Andes Copper Ltd. has received additional positive results from the continuing prefeasibility study (PFS) metallurgical test work. These results show improved filtration rates for both the fine and coarse fraction tailings compared to the previous testing. These results reinforce the decision to adopt dry stacked tailings for the Company’s Vizcachitas Project in Chile (“Vizcachitas” or the “Project”).Read More
The News Release of October 22, 2020, regarding PFS metallurgical testwork carried out by SGS, demonstrated that the Vizcachitas tailings are amenable to being filtered and dry-stacked. The same coarse and fine representative tailings samples were sent to the TAKRAF laboratories, a global leader in filtration equipment with a strong operational track record, for further settling and filtration assessments. The TAKRAF testwork tested various different settling and filtration parameters, including those previously tested. The studies demonstrated that for the coarse fraction vacuum filtration, the rates improved from 1.9 t/h/m2 to 3.4 t/h/m2 when compared to the previous results. For the finer fraction, the settling velocities improved from 8.4 m/h to 16.0 m/h and the pressure filtration rates improved from 0.6 to 0.7 t/h/m2. The expected cake moistures for both filtration technologies are 15%. These improved results reinforce the previous assessment.
These positive results mean that the Vizcachitas project, processing 110,000 tonnes per day of ore, would only need to use eleven standard 162 m2 belt filters and four 2.5 m by 2.5 m pressure filters for the tailings dewatering operation. Other operations in the world are successfully operating with a similar filter arrangements.
Tailings filtration reduces water consumption by 50% when compared to thickened tailings disposal alternatives. Furthermore, filtered tailings can be handled by trucks, conveyors and shovels, eliminating the need for the construction and operation of a tailings dam. The adoption of this technology puts the Vizcachitas Project at the forefront of the environmentally responsible practices being adopted for the future of sustainable mining globally.
Fernando Porcile, Executive Chairman, commented:
“Implementing a dry-stack filtered tailings facility instead of a tailings dam, will significantly diminish the safety risks to the local population, the environment and our Company.”
“The decision to consider this technology at the early stages of the project shows that we are committed to designing an environmental-friendly operation. The adoption of dry-stack filtered tailings, in addition with the High-Pressure Grinding Rolls (HPGR), will help us to reduce water and energy consumption.”
Maple Gold Provides Update on Drilling and Identifies Large Pipeline of New Exploration Targets at Douay Project
Montreal, Quebec–(Newsfile Corp. – November 30, 2020) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company”) is pleased to provide an update on exploration activities at its Douay Project (the “Project”) located in northern Quebec, Canada. The Company is currently midway through its fall drilling campaign with initial results expected in the coming weeks. Recently completed regional exploration work has also generated a large pipeline of new prospective target areas for follow up in future programs.Read More
“While Maple Gold already holds one of the largest undeveloped gold resources in Quebec, there remains tremendous potential for new discoveries to be made across the greater Douay property package,” stated Matthew Hornor, President and CEO of Maple Gold. “It is why we kicked off our fall drill campaign by testing a high-priority target located 4 km away from our current resource. This potential is further underscored by the results of our most recently completed regional exploration work which has delivered over 10 additional target areas for further work and future drilling.”
Fall 2020 Drilling Campaign
The Company commenced its Fall 2020 drilling campaign on October 22, 2020 and is approximately halfway through the program. Key details from the program are outlined below (see Figure 1 for Fall 2020 drill hole locations):
- Two initial holes of ~400 metres were drilled at the high-priority Northeast IP exploration target (“NE IP Target”) located approximately 4 km northeast of the established gold resource (see news from October 22, 2020).
- Four additional permits have been requested along the NE IP Target to allow further drill testing of this target along its full 2 km length, either later this year or in early 2021.
- A further two holes have been completed with the aim of extending higher-than-deposit-average-grade mineralization at the known Douay mineral resource area. An infill hole was drilled within the eastern portion of the Porphyry Zone and a step-out hole was drilled west of the Main Zone to test for the continuity of mineralization outside of the existing conceptual pit in this area.
- A total of 1,389 samples have now been shipped for assaying from the first four completed holes. Results are expected in the coming weeks.
- A fifth hole is currently being drilled on the south side of the 531 Zone, which yielded some of the best intercepts ever obtained on the property in 2019.
- Subject to permits being obtained in a timely manner, the fall drill campaign is also expected to include further regional discovery drilling, notably at the new P8 target as announced in news from November 12, 2020.
A total of approximately 3,000 metres in seven to eight holes are expected to be completed before the end of December and drilling is expected to restart in mid-January. Planning is also well underway for the Company’s winter drilling program which is expected to cover approximately 10,000 metres with multiple drill rigs.
Figure 1: Fall 2020 campaign drillhole locations on (2011) airborne total magnetic field intensity image. Survey coverage did not extend to the NE IP Target area at the time.
To view an enhanced version of Figure 1, please visit:
New Regional Targets Identified
Ongoing exploration work aimed at improving overall geological and structural understanding of the eastern portion of the Douay property has allowed the identification of over 10 new areas outside of the known resource as new prospective regional targets.
This exploration work consisted of an Artificial Intelligence (“AI”) study for gold prospectivity mapping, using all available data, and a high-resolution heliborne magnetic survey over the eastern portion of the Douay property, including the NE IP target. The recently completed AI study covered a 128km2 area centred on the resource area. The study included several complementary versions of gold prospectivity maps as well as a related sensitivity analysis to allow determination of the key data layers responsible for each anomaly.
New targets have been defined along the northern and southern flanks of the existing resource area and further afield to the northwest and southeast of the resource areas (see Figure 2). The targets are currently in the process of being reviewed and ranked for additional geophysical testing and possible drilling.
AI Gold Prospectivity Map November 2020
Figure 2: Eastern half of AI gold prospectivity map with superimposed preliminary target areas outlined in yellow; note strong concentration of targets along the northern and southern flanks of the current resource area, but also new targets further afield, including linear trends north of the resource area, and more irregular zones in the SE corner of this image.
To view an enhanced version of Figure 2, please visit:
Building on the success of the IP program that helped to delineate the NE IP Target, the Company has also completed a high-resolution airborne magnetic survey over the eastern portion of the Douay property package, including the NE IP Target, where such data was not previously available. Results show significant magnetic relief, which will allow for improved geological and structural interpretations in this area.
Evergold drills 61.7 m of 0.76 g/t Au at Golden Lion
EVERGOLD ANNOUNCES MULTIPLE BROAD GOLD-SILVER INTERCEPTS NEAR SURFACE AT GL1 MAIN IN NORTHERN B.C.; GEOPHYSICS CLEARLY SUGGESTS BEST OF LARGE TARGET LIES JUST BELOW CURRENT EVERGOLD AND HISTORICAL NEWMONT DRILLINGRead More
Drilling completed during the 2020 field season on the GL1 Main target, on Evergold Corp.’s Golden Lion property in Northern British Columbia, has returned broad assay intercepts of gold- and silver-bearing epithermal-style mineralization, with local higher-grade intervals, suggestive of the upper part of the system and comparable with historical (1984) Newmont drill results. Importantly, and unknown at the time to Newmont, this generally low to locally moderate-grade shallow mineralization is associated with coincident induced polarization chargeability and resistivity responses that increase with depth below current drill intercepts. The geophysical data (see representative sections Figures 4 and 5) clearly shows that all drilling to date that occurred directly on the GL1 Main zone, both historically by Newmont (9 holes) and this year by Evergold (10 holes), has tested only the shallower, weaker geophysical response, and indicates that potentially stronger mineralization, and higher grades, may lie directly below, in association with the higher-tenor geophysical response. Presented in this news release are assay results for five holes at GL1 Main (GL-20-002, 003, 006, 007, 008). Results for another five holes from GL1 Main (GL-20-009, 011, 012, 013 and 016) are pending, along with six reconnaissance holes drilled on targets located elsewhere on the property.
GL1 Main – Drilling Highlights: Broad gold-silver vein zone (>100 metres true width) intercepted in multiple holes along a 500-metre strike length inclusive of Evergold and historical Newmont drilling; open along strike and to depth. Results include:
53.21 metres at 0.75 g/t Au from 7.52 to 60.73 metres in hole GL – 20- 00 2
– Including 19.00 metres of 1.61 g/t Au from 35.10 to 54.10 metres 73.82 metres of 0.50 g/t Au from 5.38 to 79.20 metres in hole GL – 20- 00 3
– Including 7.60 metres of 2.78 g/t Au from 55.40 to 63.00 metres 61.70 metres of 0.76 g/t Au from 6.80 to 68.50 metres in hole GL – 20- 00 6
– Including 17.50 metres of 1.51 g/t Au from 42.50 to 60.00 metres 73.12 metres of 0.69 g/t Au from 4.88 to 78.00 metres in hole GL – 20- 00 8
– Including 8.39 metres of 1.72 g/t Au from 27.70 to 36.09 metres
“We’re clearly onto it at GL1 Main and we know exactly where to go next,” said Kevin Keough, President & CEO. “Similar to Newmont’s results in 1984, we’ve confirmed with the drill the presence of a plus 100 metres true width, plus 500-metres long, gold-silver bearing zone carrying bulk tonnage-style grades near surface and encompassing local higher-grade intervals. What is fundamentally new and exciting and was unknown to previous operators, are our geophysical results. These indicate GL1 Main is potentially much sweeter not far below where we’ve drilled to date. Our field camp remains in place at Golden Lion, pretty much ready to go, and we’re already planning for the 2021 program with anticipation. In the meantime, stay tuned as we await results for another five holes from GL1 Main, and an additional six from targets elsewhere on the property.”
Comments by CJ Greig, P.Geo , Technical Advisor to the Company “The size of the GL1 system, and how well it is expressed in all the geochemical and geophysical parameters, is noteworthy. These characteristics are highlighted in the figures the technical team has produced. The soil geochemical anomalies (Figure 1) emphasize the strike extent of the near-surface part of the system (two +500 metres long sub-parallel trends), and these coincide with both elevated resistivity and chargeability at depth (Figures 2 & 3). The drill sections and their broad Au-Ag-enriched intersections help to emphasize the broad width of the mineralizing system, and the accompanying IP inversions (Figures 4 & 5) show that the system has legs to depth. This is also the case along trend, where drill-testing is even more sparse than at GL1 Main, but Newmont’s previous drill intersections, and the similar geophysical and soil geochemical response, are suggestive of similar depth potential. The Company’s technical team is working with the data already received and will be finalizing plans for drill-testing along trend and deeper, once all assays are in.”
Discussion of Drill Results
The current interpretation of the drilling at the GL1 Main target indicates a broad (>100 metres true width), steeply dipping, northwest-southeast trending gold-silver, quartz-carbonate low sulphidation epithermal vein system displaying relatively consistent grades and excellent continuity hole-to-hole. The gold and silver bearing system has been intersected in nine historical (1984) Newmont drill holes, and in all ten Evergold holes from 2020 targeted directly on the GL1 Main trend. Results for five of these ten Evergold holes (GL-20-002, 003, 006, 007 and 008) are reported in this news release. Locations are shown on the accompanying plan and section views. Assays for the remaining five holes drilled on the GL1 Main target (holes GL-20-009, 011, 012, 013 and 016) are pending. The 2020 drill program also tested several additional targets elsewhere on the Golden Lion project, besides GL1 Main. Assays for those holes that tested targets off the GL1 Main trend (i.e. GL-20-001 and GL-20-004) and on the GL2 and GL3 target areas (holes GL-20-005, 010, 014 and 015) will be announced when received, compiled and interpreted.
The intercepts reported today are from two drill setups separated by approximately 65 metres. Holes GL-20-002 and GL-20-003 were drilled from the same setup in a southwesterly direction (190 degrees azimuth), the latter undercutting the former (see ‘Additional Notes’, below), whereas holes GL-20-006, 007 and 008 were drilled from a second setup located southwest of the first, in a north-easterly direction (040 degrees azimuth) (see plan view Figures 1, 2 and 3). Drilling from the two pads has therefore roughly ‘scissored’ the GL1 Main zone, providing a minimum estimate for zone true width, one goal of the drilling. Notably, a ll holes cased into mineralization at surface and all hol e s carried intermittent gold and silver values down-hole well beyond the significant intercepts cited, and did not fully exit the GL1 Main zone at depth . Modelling of these Evergold results coupled with historical Newmont drill results indicates the true width of the GL1 Main zone exceeds 100 metres. From Newmont hole GL-84-9 in the northwest, to similar alteration seen by Evergold well to the southeast in hole GL-20-016 (assays pending), the GL1 Main zone is presently interpreted to encompass more than 500 metres of strike length, and is open to the northwest, southeast, and to depth.
Andrew J. Mitchell, P.Geo ., Vice President, Exploration for Evergold Corp. and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
AbraPlata Appoints New Independent Director to the Board
Toronto – TheNewswire – November 30, 2020: AbraPlata Resource Corp. (TSXV:ABRA ) ( OTCPK:ABBRF) (“AbraPlata” or the “Company”) is pleased to announce the appointment of Mr. Nicholas Teasdale as an independent member of the Company’s Board of Directors (the “Board”).Read More
Mr. Teasdale is a geologist with over 30 years of experience in mining, exploration, management of technical services, project management, and business development, at world-class mines throughout South America and Canada. Mr. Teasdale is currently Vice President Mining Evaluations at Wheaton Precious Metals International Ltd. He has also held senior roles with mining companies working in South America, including Lundin Gold Inc. and Barrick Gold Corp.
Mr. Teasdale has over 18 years’ experience based in South America and was part of the discovery team and development team for the world-class Lagunas Norte high sulphidation epithermal Au-Ag deposit (>10MOz Au contained). Throughout his career he has worked on world-class ore deposits including: Fruta del Norte, Lagunas Norte, Pierina, Pascua Lama, Veladero and Bousquet.
Robert Bruggeman, Chairman of the Company, stated “We are extremely pleased to welcome Nick Teasdale to the board, given his extensive experience working on the exploration and development of high sulphidation epithermal projects in South America. His geological expertise will be of great benefit to the Company as we continue to explore for additional gold and silver mineralization at the Diablillos project, which hosts high sulphidation epithermal mineralization. Mr. Teasdale’s considerable development experience will also be instrumental as we advance the Oculto deposit, which hosts the majority of the known gold and silver resources at Diablillos, towards development.”
Mr. Teasdale holds a Masters of Applied Sciences from the Ecole Polytechnique in Montreal, and a Bachelors of Science from the University of Montreal. Mr. Teasdale’s appointment is subject to the normal course clearing of his Personal Information Form (PIF) in accordance with the rules of the TSX Venture Exchange (TSX-V).
Tinka drills 25.9 m of 10% Zn at Ayawilca
Tinka Resources Ltd. has released partial results from drill hole A20-170 and full results from A20-169, the first two holes of the 2020 drill program at the Ayawilca project in central Peru. Drill hole A20-170 at South Ayawilca intersected several zones of high-grade zinc (silver-lead) mineralization from 203 metres to 357 metres depth, with assay results reported here to a depth of 309 metres only. Assay results for mineralized samples beyond 309 metres depth are pending. The receipt of assays from the laboratory has been slower this year due to the impacts of COVID-19 in Peru.Read More
Hole A20-170 (South Ayawilca)
- 12.2 metres @ 4.1% zinc, 1.2% lead & 60 g/t silver from 202.9 metres depth, including2.2 metres @ 10.2% zinc, 2.5% lead & 121 g/t silver from 202.9 metres depth; and
- 3.7 metres @ 6.5% zinc, 0.1% lead & 13 g/t silver from 243.2 metres depth; and
- 25.9 metres @ 10.0 % zinc & 15 g/t silver from 282.6 metres to end of sampled interval, including13.7 metres @ 15.9% zinc & 26 g/t silver from 282.6 metres depth;
- These are partial results only – significant visible zinc and iron sulphide mineralization has been observed from 309 metres depth (end of reported interval above) to the contact with the underlying phyllite at 357 metres depth – assay results for this interval are pending;
- Mineralization is associated with gently dipping sulphide rich "mantos" hosted by limestones;
- True thicknesses of the manto intersections are estimated to be at least 90% of the downhole thicknesses.
Hole A20-169 (West Ayawilca)
- 0.9 metres @ 13.7% zinc, 0.6% lead & 133 g/t silver from 108.8 metres depth; and
- 1.1 metres @ 12.4% zinc, 2.1% lead & 147 g/t silver from 136.0 metres depth; and
- 1.1 metres @ 18.8% zinc, 5.0% lead & 172 g/t silver from 190.0 metres depth; and
- 0.7 metres @ 15.2% zinc, 1.3% lead & 71 g/t silver from 210.5 metres depth; and
- 1.2 metres @ 22.7% zinc, 3.9% lead & 190 g/t silver from 356.8 metres depth.
- Mineralization in hole A20-169 is vein style – these veins have unknown true thicknesses.
Hole A20-170 is an infill hole within the overall footprint of the inferred resource at South Ayawilca. Hole A20-169 is a step-out hole 75 metres west of the existing inferred resource at West Ayawilca – this hole intersected several high-grade but narrow zinc-silver-lead veins. So far in the drill program, approximately 2,500 metres have been completed in seven drill holes (see Figure 1 for a map of drill holes). The overall program is now expected to extend into early 2021. Several drill targets still remain to be tested, including the large area between West and South Ayawilca which has seen limited past drilling.
President and CEO of Tinka, Dr. Graham Carman, stated: "These initial drill results are a great start to the 2020 drill program. Hole A20-170 intersected a better than expected zone of high grade zinc mineralization at South Ayawilca, with additional mineralization to be reported from deeper in the hole once results are received from the lab. Importantly, this hole hit high grade silver-zinc-lead mineralization as well as massive pyrrhotite at shallower than usual depths, suggesting that replacement of limestone by sulphides is much thicker in this area than previously recognised. Additional holes are planned to further drill test this high grade area, as well as the large gap between West and South."
Kincora Copper drills 16.4 m of 1.51 g/t Au at Trundle
Kincora Copper Ltd. has released further assay results from continuing drilling at the Trundle brownfields project located in the Macquarie arc of the Lachlan Fold belt in New South Wales, Australia.Read More
John Holliday, Technical Committee chair, and Peter Leaman, Senior VP of Exploration, commented: “Recent drilling at both the Trundle Park and Mordialloc prospects have intersected significant intervals of mineralization providing strong support of our exploration concepts and targets.
Multiple and broad skarn horizons are being intersected at the Trundle Park prospect, at a scale much larger than was identified by prior exploration groups.
Important advances have been made in the geological understanding of both prospects and in obtaining good vector information potentially directing towards the core higher grade areas at each.”
Trundle is the western section of the Northparkes intrusive complex, that hosts the second largest porphyry mine in Australia, with initial Kincora drilling taking place at targets 8.5km apart
Trundle Park prospect
Following a series of drill holes at the Mordialloc prospect while seasonal lambing concluded at the Trundle Park prospect, particular encouragement for the targeted at/near surface skarn system has been gained with deeper drilling ongoing also testing the potential for a larger causative porphyry intrusion systems.
Assay results received for TRDD008 have returned two significant width and mineralized skarn zones:
Surface zone: returned 87.7 metres @ 0.65 g/t gold and 0.19% copper from surface, including 16.4 metres @ 1.51 g/t gold and 0.19% copper from surface and 8 metres @ 1.63 g/t gold and 0.57% copper from 66 metres.
Second zone: 27 metres @ 0.10 g/t gold and 0.07% copper from 305 metres, 5 metres @ 0.18 g/t gold and 0.02% copper from 379 metres and 19 metres @ 0.43 g/t gold and 0.21% copper from 388 metres, including 4 metres @ 0.94 g/t gold and 0.57% copper.
Further significant assay results for part of hole TRDD008 are provided in Table 1 with a current interpreted cross section of the central Trundle Park prospect region in Figure 4.
TRDD008, coupled with other recent drilling and technical re-logging activities have considerably improved the geological model for at the Trundle Park prospect, including:
(a) TRDD008 has significantly extended the skarn mineralization from hole TRDD001 to the south by 175m along strike and also from surface (TRDD001 returned 51 metres @ 1.17 g/t gold and 0.54% copper from 39 metres);
(b) TRDD008 has returned the broadest two intervals of visual mineralization associated with the skarn alteration seen to date at the Trundle project, with multiple horizons intersected, increasing the potential scale of the skarn as a standalone target;
(c) Indications from the alteration and skarn-replacement suggest potential for further skarn-horizons to be located by subsequent step-outs from the drill hole collar towards the south and drilling back across bedding towards the northwest;
(d) Provide supportive vectors and trends towards a potentially more proximal and hotter temperature environment from TRDD007 to TRDD001 and then TRDD008, and the targeted causative intrusive source of the mineralization in the skarn; and,
(e) Higher grade potential is further illustrated by intense structurally controlled visual mineralization in ongoing hole TRDD011 (see Figure 3), hosted within further near surface skarn alteration (TRDD011 seeking to extend the skarn horizon northwest of TRDD001). This is in addition to a previous explorer interval of 2 metres at 20 g/t gold, 6.97% copper and 81 g/t silver from 64 metres1.
The average depth of prior explorer drilling at the Trundle Park prospect is only 28 metres with only two diamond core drill hole to moderate depths. Benefitting from this field seasons deeper and diamond core drilling, relogging of Kincora’s core has resulted in a change in current drill hole orientation towards the northwest. Our activities are resulting in a significantly improved understanding of the bedding direction hosting the skarn horizons, along with key structures/faulting and the identified multiple phases of mineralization within the skarn, all supporting a substantial mineralizing event and provide further vectors to the targeted causative intrusion system.
Trundle Park target hole TRDD008 - Anomalous results for part assays available1 Hole ID From (m)To (m)Interval (m) Au (g/t)Cu (%)Mo (ppm)Dilution (%) TRDD008 0.0 87.7 87.7 *0.65 0.19 1.11 16% including0.0 16.4 16.4 *1.51 0.19 0.34 4% including0.0 6.0 6.0 3.73 0.25 0.67 0% including34.0 40.0 6.0 0.60 0.43 0.67 0% including52.0 87.7 35.7 *0.69 0.24 0.17 3% including66.0 74.0 8.0 *1.63 0.57 0.00 13% and 134.0 142.0 8.0 0.26 0.12 2.25 0% Pending 146.0 278.0 and 305.0 332.0 27.0 0.10 0.07 0.56 26% and 379.0 384.0 5.0 0.18 0.02 0.00 20% and 388.0 407.0 19.0 0.43 0.21 0.89 0% including394.0 398.0 4.0 0.94 0.57 2.58 0% and 422.0 424.0 2.0 0.16 0.02 1.00 0% Pending 424.0 490.0
Interpreted near surface skarn gold and copper intercepts are calculated using a lower cut of 0.20g/t an 0.10% respectively.
Porphyry gold and copper intercepts are calculated using a lower cut of 0.10g/t and 0.05% respectively.
Internal dilution is below cut off; and, * Dilutions related with Core loss
The Mordialloc prospect
As previously announced, TRDD006 has returned encouraging visual alteration and sulphides (including chalcopyrite). Assay results have reinforced the concept of close proximity to a potassic and higher-grade core of the targeted system, with multiple significant intervals of anomalous copper, gold and molybdenum.
TRDD006 has returned the broadest anomalous zones to date at the Mordialloc target including:
42m @ 0.07% copper, 0.04g/t gold and 7.43ppm molybdenum from 62m, hosted by intermixed volcanoclastic rocks comprising andesite lava and greywacke;
306m @ 0.10% copper, 0.06g/t gold and 19.4ppm molybdenum from 144m, associated with a coarse plagioclase phyric diorite intrusion;
98m @ 0.11% copper, 0.07g/t gold and 17.6ppm molybdenum from 466m, occurring intermixed volcanoclastic rocks comprising andesite lava and greywacke; and,
2m @ 0.98g/t gold, 0.02% copper and 2ppm molybdenum from 880m, also hosted by intermixed volcanoclastic rocks comprising andesite lava and greywacke.
Prior Kincora drill hole TRDD002 is proposed to be reopened and extended as interpretation of the alteration and assay results suggest these may represent the halo of a mineralized porphyry intrusion system.
Further drilling in addition to the extension of TRDD002 is proposed to test the targeted finger porphyry setting and potential clustering of associated mineralized systems across a significant strike where anomalous surface and end of hole geochemistry, and geophysics are complementary – see Figure 2. Similar vectoring from drill hole alteration indicators was the exploration approach that was the key to the discovery of Cadia-Ridgeway, the majority of the Northparkes deposits and also Alkane Resource’s recent discovery at Boda.
Current working interpretation of Mordialloc geology: Alteration and mineralisation returned in TRDD006, TRDD005 and CTD006 provide strong encouragement for close proximately for the targeted high-grade potassic core of a Macquarie Arc “finger” or “pencil” porphyry target
Table 2: Mordiall0c target hole TRDD006 - Anomalous results1 Hole ID From (m)To (m)Interval (m)Au (g/t)Cu (%)Mo (ppm)Dilution (%) TRDD006 62.0 104.0 42.0 0.04 0.07 7.43 24% including62.0 70.0 8.0 0.05 0.09 7.25 0% including78.0 84.0 6.0 0.04 0.08 3.33 0% including86.0 98.0 12.0 0.05 0.09 15.33 0% including90.0 92.0 2.0 0.14 0.14 39.00 0% and 144.0 450.0 306.0 0.06 0.10 18.35 14% including152.0 154.0 2.0 0.08 0.12 2.00 0% including242.0 244.0 2.0 0.34 0.07 29.00 0% including382.0 390.0 8.0 0.16 0.19 36.25 0% including384.0 386.0 2.0 0.24 0.31 52.00 0% and 466.0 564.0 98.0 0.07 0.11 17.61 6% including514.0 516.0 2.0 0.35 0.17 9.00 0% and 620.0 644.0 24.0 0.04 0.06 9.17 17% and 732.0 734.0 2.0 0.08 0.14 3.00 0% and 742.0 744.0 2.0 0.15 0.20 4.00 0% and 764.0 766.0 2.0 0.05 0.08 1.00 0% and 824.0 830.0 6.0 0.05 0.09 3.67 0% and 880.0 882.0 2.0 0.98 0.02 2.00 0%
1- Porphyry gold and copper intercepts are calculated using a lower cut of 0.10g/t and 0.05% respectively.
Internal dilution is below cut off; and, * Dilutions related with Core loss
Appendix – Central Trundle Park prospect continued…
Drilling recommenced at the central Trundle Park prospect with diamond hole TRDD007, a 150-metre step out to north of previous hole TRDD001, testing a similar concept target of shallow high-grade skarn and porphyry copper-gold source at the depth.
TRDD001 intersected multiple significantly mineralized skarn zones including 51 metres @ 1.17 g/t gold and 0.54% copper from 39 metres and 18 metres @ 0.53 g/t gold and 0.05% copper from 284 metres. TRDD001 also intersected broad anomalous mineralization (including 21.1m @ 0.25 g/t Au and 0.03% Cu from 664m to end of hole) in the outer zone of the targeted adjacent porphyry intrusion system – see July 6th, 2020 press release for further details.
While assay results are pending, visual geology logging of TRDD007 did not observe significant skarn or porphyry related mineralization, in a weakly altered and faulted package of rocks. Subsequent re-logging of this hole noted a major fault zone, dipping steeply to the west and sub-parallel to the NNE-SSW striking Tullamore Thrust Zone.
The original northerly extension and target of skarn mineralization and testing the potential for a causative intrusion remains untested by TRDD007 that is interpreted to have closed out the western strike potential. Known shallow skarn hosted gold and copper mineralization has been intersected to the north, east and south that remain open and TRD007 was a significant learning hole, which coupled with recent re-logging and improvements to structural interpretation has resulted in a change in current drilling orientation.
TRDD008 is a 175-metre step towards the southwest from the collar of TRDD001 (or an 80 metres due south step out from the middle of the TRDD001 drill hole trace). From surface oxidized volcanoclastic and greywacke rocks with strong skarn development of pale-yellow garnet-hematite-magnetite-pyrite and minor chalcopyrite was observed to 104.8 metres.
This skarn zone is considered an upper zone, with volcanoclastic rocks measured to be dipping moderately towards the south-southwest. A steeply dipping fault zone towards the west continued from 104.8 metre to 135 metre downhole depth, mostly composed of sheared volcanoclastic rocks along with some garnet skarn as clasts, suggesting post-mineral faulting.
From 135 metre depth and towards 216 metre downhole depth, an intermixed sequence of propylitic altered greywacke and volcanoclastic rocks along with andesite lavas was observed. Progression of patchy red-brown garnet-magnetite-pyrite commenced from 216 metre depth and became more predominant at around 275 metre depth and onwards.
This lower skarn horizon comprising predominantly of brown-red garnet-magnetite-pyrite-with associated chalcopyrite and some intervals of anhydrite was observed from 275 metre to the faulted contact at 406.8 metre depth.
The scale of the two skarn horizons intersected in TRDD008 is much larger than that previously identified at the Trundle project, providing both encouragement to the potential for the at/near skarn system being a standalone target but also the scale of the larger system, and vectors to the targeted causative porphyry intrusion.
Lowell Christmas event and Kincora presentation (Melbourne) 8 December 2020
Mines and Money Connect Precious Metals Online (Global) 26-29 January 2021
The Trundle project
Kincora’s Trundle project is the only brownfield porphyry copper-gold project held by a listed junior in Australia’s foremost porphyry belt, within the same mineralized complex as Australia’s second largest porphyry mine. Trundle is located west of the China Molybdenum Company Limited (CMOC) operated Northparkes copper-gold mine/mill operation, within the same Northparkes Igneous Complex.
Previous explorer drilling has been extensive at Trundle with the completion of 2208 holes for 61,146 metres, but deeper drilling utilising modern exploration knowledge has been very limited. Over 92% of prior drilling has been completed to less than 50 metres depth and is considered to be too shallow, with just 11 holes beyond 300 metres (0.5% of holes drilled).
Following positive initial drilling results from Kincora’s maiden drilling program in August 2020, the Company completed an oversubscribed $5.33 million equity raising, with proceeds primarily to be used to expand the initial six hole program to over twenty drill holes with an additional 11,000 metres of drilling. Kincora’s primary targets, Mordialloc and Trundle Park, lie 8.5km apart and have not been drill tested since the industry leading HPX proprietary Typhoon IP system and detailed magnetic surveys were completed.
Drilling, Assaying, Logging and QA/QC Procedures
Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors, using the Company’s protocols as per industry best practise.
All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW, Australia. In addition to internal checks by ALS, the Company incorporates a QA/QC sample protocol utilizing prepared standards and blanks for 5% of all assayed samples.
Diamond drilling was undertaken by DrillIt Consulting Pty Ltd, from Parkes, under the supervision of our field geologists. All drill core was logged to best industry standard by well-trained geologists and Kincora’s drill core sampling protocol consisted a collection of samples over all of the logged core.
Sample interval selection was based on geological controls or mineralization or metre intervals, and/or guidance from the Technical Committee provided subsequent to daily drill and logging reports. Sample intervals are cut by the Company and delivered by the Company direct to ALS.
All reported assay results are performed by ALS and widths reported are drill core lengths. There is insufficient drilling data to date to demonstrate continuity of mineralized domains and determine the relationship between mineralization widths and intercept lengths.,
True widths are not known at this stage.
The following assay techniques have been adopted:
Gold: Au-AA24 (Fire assay), reported. Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter report for TRDD001 and former reported for holes TRDD002-TRDD010. Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion with ICP-AES analysis) has been assayed, but not reported. Assay results >10g/t gold and/or 1% copper are re-assayed.
Metallic Minerals 3,896,104-share private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 10, 2020.Read More
Number of flow-through (FT) shares: 3,896,104 flow-through shares
Purchase price: 77 cents per flow-through share
Number of placees: 34 placees
Insiders: Alicia Milne, 5,000; Peter Harris, 26,000; Greg Johnson, 3,868
Finder’s fee: Canaccord Genuity Corp., $142,405.77 cash and 184,942 warrants
Finder’s warrant initial exercise price: 77 cents
Finder’s warrant term to expiry: 24 months from closing
Canada Silver Cobalt private placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 26, 2020.Read More
Number of shares: 4,288,778 flow-through shares; 3,308,824 flow-through shares (Quebec)
Purchase price: 63 cents per flow-through share; 68 cents per flow-through share (Quebec)
Warrants: 4,288,779 share purchase warrants to purchase 2,144,389 shares at 80 cents per share for a two-year period; 1,654,412 share purchase warrants to purchase 1,654,412 shares at 80 cents per share for a two-year period (Quebec)
Number of placees: 10 placees
Finders’ fees: Qwest Investment Fund Management Ltd. — $52,500 and 81,291 finders’ warrants that are exercisable into common shares at 80 cents per share for a two-year period; Leede Jones Gable Inc. — $70,000 and 106,442 finders’ warrants that are exercisable into common shares at 80 cents per share for a two-year period; Meadowbank Asset Management Ltd. — $6,804.00 and 10,800 finders’ warrants that are exercisable into common shares at 80 cents per share for a two-year period
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the company issued a news release dated Nov. 26, 2020, announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.