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Golden Arrow Announces 2,000 Metre Drill Program Following Positive Survey Results

Golden Arrow Resources Corporation (TSXV: GRG) today announced that the TEM surface geophysical survey conducted by the company discovered significant,
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This article was originally published by The Deep Dive

Golden Arrow Resources Corporation (TSXV: GRG) today announced that the TEM surface geophysical survey conducted by the company discovered significant, near-surface conductive anomaly targets at the Rosales Copper Project. The company has commenced the planning of its first drill campaign at the project as a result.

Golden Arrow has given the highest priority to a conductive area of 850 by 500 metres that may include several conductive zones. Among the anomalies found in the area, the shallowest is stated to be roughly 100 metres below surface, with the extent of depth to be determined. Another large conductive anomaly is located roughly 500 metres to the southeast, measuring 600 by 400 metres, with a third conductive target identified 2650 metres northwest. All three targets are considered to be highly prospective for copper.

The company has indicated that it intends to conduct a 2,000 metre drill program following a 440 line-kilometre ground magnetic survey that is currently underway. The additional survey is expected to allow for targets for drilling to be refined.

The Rosales Project includes 3444 hectares of exclusively held mineral claims, and based on the results to date, Golden Arrow has applied for 900 hectares of additional concessions next to the southern border of the project. The project is situated less than 90 kilometres from the Copiapo mining centre in the Atacama Region, which features pre-established exploration and mining infrastructure.

Golden Arrow Resources Corporation last traded on the TSX Venture at $0.17.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Golden Arrow Announces 2,000 Metre Drill Program Following Positive Survey Results appeared first on the deep dive.







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Teck Gets Boost From Coal – Q3 Earnings More Than Tripled

Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said earnings more than tripled in the third quarter…

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[nxtlink id="268709"]Teck Resources[/nxtlink] Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said earnings more than tripled in the third quarter of 2021, thanks to an “extremely favourable commodity price environment – particularly for steelmaking coal.”

“Heading into the fourth quarter, we are focused on continuing to optimize sales and production to capitalize on high commodity prices and advancing our priority QB2 project,’’ said Teck President and CEO Don Lindsay.

The company said adjusted EBITDA (earnings before interest, tax and depreciation) was a record $2.1 billion in the third quarter, more than triple the same period last year. Profit attributable to shareholders was $816 million or $1.53 per share and adjusted profit attributable to shareholders was $1.0 billion or $1.91 per share in the third quarter, more than seven times higher than the same period last year.

Realized copper, zinc and steelmaking coal prices were US$4.25 per pound, US$1.38 per pound and US$277 per tonne respectively in the months of September (2021). As a result, Teck said its EBITDA for the month of September contributed approximately half of its adjusted EBITDA in the third quarter.

Sales of steelmaking coal were 5.9 million tonnes in the third quarter, with approximately 1.9 million tonnes or 32% sold to China significantly above FOB Australia prices. The FOB Australia price increased sharply in the latter half of the second quarter and continued to increase to unprecedented levels through the third quarter.

It is worth noting that these developments follow recent speculation that Teck was planning to unload its coal operations and increase the emphasis on copper production.

They also follow recent revisions to the company’s 2021 coal and zinc production forecasts. The revisions were driven by the impact of British Columbia wildfires and increased absenteeism associated with COVID-19 protocols.

Annual coal production is expected to be at the lower end of the annual guidance range of 25.0-26.0 million tonnes.

Due to the impact of wildfires, Teck trimmed its 2021 refined zinc production at the Trail, B.C. smelting operation by 3.0% and warned that copper sales at the Highland Valley operation, also in B.C., are unlikely to catch up to output due to logistical disruptions.

Meanwhile, the company has said it continues to makes solid progress at the Quebrada Blanca Phase 2 (QB2) copper project in Chile.

“Overall progress on our QB2 project is now past the two-thirds mark and we continue to expect first production in the second half of 2022,’’ Teck said.

QB2 is essentially as continuation of the existing Quebrada Blanca open pit operation, which is located in the Tarapaca Region of northern Chile, and is expected to produce up to 8,000 tonnes of cathode copper this year.

The copper growth from QB2 will, over time, help to balance Teck’s portfolio so that the contribution from the company’s copper business could be similar to its steelmaking coal business.

On October 26, 2021, Teck’s Class B common shares closed at $34.95. The shares are currently trading in a 52-week range of $37.00 and $15.81.

 

Author: Staff Writer

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Collective Mining Makes a Significant New Discovery at the San Antonio Project, Drilling 710 Metres at 0.53 g/t Gold Equivalent from Surface

Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has…

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Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has made a significant grassroot discovery at the Pound target (“Pound”) within its San Antonio project, Colombia. Pound is one of three targets the Company has generated at the San Antonio project and assay results reported herein are from the recently completed Phase I reconnaissance drill program, which tested two of these targets.

Highlights (Tables and Figures 1 to 5)

  • Continuous gold (“Au”), silver (“Ag”) and base metal (copper and molybdenum) mineralization hasbeen intersected from surface, over the full core lengths of two reconnaissance diamond drill holes at Pound as follows:
    • 710 metres at 0.53 g/t gold equivalent from surface including 133 metres at 0.92 g/t gold equivalent from 470 metre depth (SAC-8); and
    • 750 metres at 0.41 g/t gold equivalent from surface including 187 metres at 0.59 g/t gold equivalent from 60 metre depth (SAC-6).
  • Importantly, both drill holes ended in mineralization with copper and molybdenum grades increasing at depth including:
    • 70 metres at 0.12% copper and 89 ppm molybdenum from 681 metre depth (SAC-6); and
    • 133 metres at 0.15% copper and 27 ppm molybdenum from 470 metre depth (SAC-8).

Pound mineralization is related to hydrothermal breccia and highly altered, quartz diorite intrusive which have been overprinted by late stage, polymetallic veins. Pound is located within a NE-SW trending corridor, as defined by mineralized breccia and altered intrusive, which is open in alldirections and has been mapped to date over a strike length of approximately 1.3 kilometres.The alteration system associated with Pound (advanced Argillic litho-cap) is related to the upper and peripheral portions of a porphyry system. The Company is currently reviewing its options for follow up exploration which would include initiating a Phase II diamond drill program and a high-resolution and deep penetrating IP survey as has recently and successfully been undertaken at the Guayabales project.

“The wide and continuous zones of mineralization intersected from surface at Pound are exciting and suggest we are either peripheral to or above a very large porphyry system,” commented Ari Sussman, Executive Chairman. “It is extremely pleasing that we have made brand new significant discoveries with the initial drill holes into grass root generated targets at both our Guayabales and San Antonio projects. With funding in place through 2022, the Company will become aggressive in the short-term with follow up drilling on our new discoveries and testing newly generated targets across the project portfolio.”

Table 1 Initial Diamond Drilling Results at the Pound Target

* AuEq (g/t) = (Au (g/t) x 0.95) + (Ag g/t x 0.013 x 0.90) + (Cu (%) x 1.83 x 0.92) + (Mo (%) x 4.57 x 0.92), utilizing metal prices of Cu – US$4.00/lb, Mo – US$10.00/lb, Ag – $20/oz and Au – US$1,500/oz and recovery rates of 95% for Au, 90% for Ag, 92% for Cu and Mo.
** a 0.1 g/t AuEq cut-off grade was employed with no more than 10% internal dilution. True widths are unknown and grades are uncut.

Geological Details of the San Antonio Project

The San Antonio (“SA”) Project is located in the Middle Cauca Gold Belt (“MCB”), 80 km south of Medellin and 50 km north of Manizales, Department of Caldas, Colombia. The MCB has been the most prolific belt for Miocene aged, porphyry and epithermal vein discoveries within Colombia and multi-million ounce discoveries in recent years include Buriticá, La Colosa, Nueves Chaquiro and Marmato.

The SA covers an area of 3,853 hectares and hosts multiple quartz diorite, diorite intrusive and breccia bodies of Miocene age which intrude basement schists and younger volcano-sedimentary packages.

Three specific grassroots exploration targets have been outlined by surface mapping, sampling, soil geochemistry, geophysical modelling, and shallow scout drilling. These are referred to as the Dollar, COP and Pound targets.

The Pound target is located in the northern portion of the project, is defined by multiple hydrothermal breccia bodies hosted within highly altered diorite and quartz diorite intrusive and overprinted by late stage, polymetallic veins. This zone of altered intrusive and breccia bodies trends NE-SW and has been mapped for a strike length of plus 1.3 kilometres.  The zone is still open to the NE and SW. Outcrop exposures on the southern border of this target area include epithermal vein systems within a preserved lithocap of advanced argillic alteration which is superimposed on hydrothermal breccia bodies which grades laterally and downwards into intermediate argillic alteration assemblages. These rocks are interpreted to reflect preservation of the shallow levels of the porphyry system. The initial two reconnaissance diamond drill holes, SAC-6 and SAC-8, were drilled to respective downhole depths of 750 metres and 710 metres and intersected various hydrothermal breccia (pyrite matrix), altered quartz diorite intrusive and late-stage polymetallic veins. All the rock units have been hydrothermally altered with an earlier sericitic event overprinted by a strong, advanced argillic phase with various aluminosilicates. At depth, various diorite phases display disseminations and aggregates of chalcopyrite and molybdenite in contact with large blocks of metamorphic schist. The target remains open in all directions and further work is envisaged and will commence with a deep penetrating, high-resolution, induced polarization survey down to minimum depths of 900m below surface followed by a Phase II expanded diamond drilling program. Exploration targets include the mineralized breccia and a porphyry system postulated to occur below the lithocap.

The COP target is located 800 metres south of Pound and is defined by highly anomalous molybdenum (8 ppm to 108 ppm) and gold (up to 2.74 g/t) in soils in association with altered diorite porphyry and quartz veinlets over an area of 650 metres x 350 metres. The surface expression of the COP target is coincident with geophysical anomalies, at 200-300 metres depth which include a positive magnetic anomaly and IP chargeability and resistivity highs.  COP has not been tested, other than a single historical borehole drilled just south of the target area, returned an intercept of 99 metres at 0.42 g/t gold and 4.9 g/t silver within unmineralized country rocks partially intruded by mineralized porphyry quartz veins at a depth of 608 meter downhole. The mineralization encountered in the drill-hole is interpreted to be leakage from the COP target directly to the north.

The Dollar target is located 400 metres south of COP. At surface various outcrop of quartz diorite porphyry host stockwork and sheeted quartz-magnetite vein systems associated with disseminated pyrite covering a 500 metre radius. Shallow scout drilling (6 holes) to cover the target area, identified the main mineralized porphyry. Holes SAC-1 to SAC-5 and SAC-9 returned gold intercepts of 0.1 to 0.3 g/t over various angled intercepts of 100 metres to 600 metres length within or across the various outcrops of the mineralized stockwork system. Based on the shallow intercepts a deeper hole was drilled into the mineralized stockwork and returned the intercepts outlined in Table 2 below. Gold, copper and molybdenum grades improve with depth and further deeper drilling is warranted, particularly as the project area is located approximately 300 metres above an accessible valley floor.

Table 2 Initial Deep Diamond Drilling Hole at the Dollar Target

* AuEq (g/t) = (Au (g/t) x 0.95) + (Ag g/t x 0.013 x 0.90) + (Cu (%) x 1.83 x 0.92) + (Mo (%) x 4.57 x 0.92), utilizing metal prices of Cu – US$4.00/lb, Mo – US$10.00/lb, Ag – $20/oz and Au – US$1,500/oz and recovery rates of 95% for Au, 90% for Ag, 92% for Cu and Mo.
** a 0.1 g/t AuEq cut-off grade was employed with no more than 10% internal dilution. True widths are unknown, and grades are uncut.

The San Antonio project benefits from favorable topography with approximately 600 vertical metres of elevation change from the mountain peaks to the various flat lying valleys. Additionally, the topography is not overly steep, lending itself to multiple potential infrastructure development scenarios should an economic deposit be discovered in the future.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru; and Actlabs laboratory facilities in Medellin, Colombia and Toronto, Canada. Certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production.  Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia. As a result of an aggressive exploration program on both the Guayabales and San Antonio projects a total of eight major targets have been defined. The Company is fortuitous to have made significant grass root discoveries on both projects with discovery holes of 104 metres @ 1.2 g/t gold and 12 g/t silver and 710 metres @ 0.53 AuEq at the Guayabales and San Antonio projects, respectfully.

Contact Information

Collective Mining Ltd.

Steve Gold, Vice President, Corporate Development and Investor Relations

Tel. (416) 648-4065

 

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the drill programs, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Figure 1: Plan View of the San Antonio Project and the Pound Target

Figure 2: Plan View of the Pound Target

Figure 3: Cross Section of Pound Drilling

Figure 4: Core Photos: Pound: SAC-6 and SAC-8

Hydrothermal breccias, cemented by sericite, carbonates, and sulphides are overprinted by strong advance argillic alteration with pyrite and chalcopyrite and molybdenite mineralization.


Carbonate base metals with galena, sphalerite and pyrite mineralization. Microdiorites and quartzodiorites with secondary biotite alteration with magnetite chacopyrite and pyrite mineralizattion.

Figure 5: Core Photos: Dollar, SAC-7. Clay Alteration Overprint Decreases With Depth

Quartz Diorites porphyry overprinted by strong Sericite alteration, quartz veinlets with magnetite, pyrite, and chalcopyrite.

 






Author: Resource World

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Tesla Stock Has More Charge Left After Strong Q3 2021 Report

Tesla (NASDAQ:TSLA) shares closed at $909.68 last Friday, an all-time high. Things have gotten even hotter since, with TSLA stock climbing 45% year-to-date…

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Tesla (NASDAQ:TSLA) shares closed at $909.68 last Friday, an all-time high. Things have gotten even hotter since, with TSLA stock climbing 45% year-to-date to $1,055 (at the time of this writing).

Source: Grisha Bruev / Shutterstock.com

The company now has a trillion-dollar market cap. Impressively, shares have now rallied more than 85% since hitting a 2021 low in early May. The company’s Q3 EV production was up 64% year-over-year, despite chip shortages that have roiled the industry.

Adding to the hype, the company announced record Q3 earnings results last week. TSLA stock seems unstoppable at this point.

So with all of that hype in mind, one question arises. Will this EV superstar stock run out of momentum?

Tesla CEO Elon Musk has said he thinks TSLA stock will hit $3,000 if employees “execute well.” However, the company is already worth more than the next six biggest automakers combined. Those automakers are turning to EVs as well, and already eating into Tesla’s marketshare.

Let’s consider if there’s still time to get onboard the Tesla stock train, or are its days of heady growth over.

TSLA Stock Rises on Record Third Quarter

Last week, Tesla reported its Q3 earnings. In a record quarter, the company reported $13.76 billion in revenue. That beat analyst expectations of $13.63 billion. Net income hit $1.62 billion, compared to $331 million a year ago. Analysts were looking for adjusted earnings-per-share of $1.59, but Tesla’s EPS of $1.86 beat that by a wide margin. Looking forward, the company says that it expects to hit 50% average annual growth in vehicle deliveries for multiple years.

Speaking of that growth, prior to the earnings Tesla released its Q3 vehicle update. The company produced 237,823 new EVs during the quarter (with deliveries of 241,300). That is a big increase over the 145,036 produced (and 139,300 delivered) a year ago.

TSLA stock ended up closing up 3.25% the following day.  

Switching Up Battery Formulation and Cybertruck

Two big factors could have a material impact on TSLA stock over the next year.

The first is the Cybertruck, Tesla’s hotly anticipated EV pickup truck. First announced in 2019, the Cybertruck was supposed to be entering production by late 2021. In September, Tesla delayed that until into 2022. The problem there is that North American auto makers — determined to protect their cash cow pickup truck business — have EV versions of their own coming next year. There are also EV startups hoping to make a splash with battery-powered pickup trucks.

If Tesla can have the same impact in the pickup truck world that it has with electrified cars and crossovers, TSLA stock is going to be sitting on dynamite. But if it gets beaten to market, the battle to win over pickup truck buyers is going to be a lot more difficult.

Another significant development in the Tesla story was the company’s announcement that it plans to switch all Standard Range vehicles to Lithium Iron Phosphate (LFP) batteries. This move has advantages and risks.

On the plus side, the LFP batteries are cheaper to produce and more stable — so they’re less prone to fires. However, they are heavier than current batteries, they don’t perform as well in cold weather and, at the moment, 95% of global production for LFP batteries is based in China.

The move is a gamble.

The Bottom Line on TSLA Stock

Tesla has more than its fair share of detractors. CEO Elon Musk’s behavior has cost the company credibility and cash in the past. As long as he is still running the company, he adds an element of volatility to TSLA stock. NYU Stern university professor Scott Galloway has been famously predicting Tesla’s comeuppance for years

It’s also impossible to overlook that fact that the EV market — that Tesla once had essentially to itself — is exploding. Will the company be able to continue to dominate, or will it eventually be left behind?

The company continues to defy doubters. 

I suspect this Portfolio Grader B-rated stock still has gas in the tank (or charge in the battery pack). Just be aware that now the EV age is truly launching and Tesla no longer has the playing field to itself. The days of heady growth are probably in the rear view mirror.

On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

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