VANCOUVER, BC / ACCESSWIRE / September 9, 2021 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to provide an update on the progress of its metallurgical program to produce samples of mixed rare earth carbonate ("REC") concentrate to satisfy several requests by global processors. As part of this program, continued bench-scale flowsheet development, ahead of scale-up and bulk processing, has resulted in the highest rare earth element ("REE") recoveries to date into the combined high-grade monazite mineral concentrate1 as well as into the subsequent sulphation crack water-leach liquor phase (i.e., the pregnant leach solution or "PLS"). Highlights include:
- Monazite mineral concentrate1 grade ofapproximately 40% rare earth oxide ("REO") at 82% recovery and 3.2% mass pull (recovery and mass pull with reference to unprocessed whole rock).
- Recoveries of 98% Nd, 98% Pr, 95% Tb, and 90% Dy into the PLS (with reference to the mineral concentrate1).
- Combined overall NdPr recovery of approximately 78% into the PLS (with reference to unprocessed whole rock).
The flowsheet for the Ashram REE/ Fluorspar Deposit, developed by Hazen Research, uses conventional unit processes to produce a high-grade rare earth mineral (monazite) concentrate1 that is comparable to active global hard-rock REE producers. Specifically, the Ashram flowsheet utilizes a flotation - HCl leach - magnetic separation process approach to achieve high-grade (>40% REO) monazite concentrates1 at high recovery comparable to active global producers.
In the current work, flotation concentrate produced from the 2015 pilot plant operation was used as feed to the subsequent HCl leach and magnetic separation stages, which were completed at bench scale and resulted in monazite concentrate1 grades of approximately 40% REO at 82% overall recovery. The monazite concentrate1 was then mixed (in ~50 g batches) with concentrated sulphuric acid (H2SO4) and heated to ~220°C in a stirred pot over a ~3-hour period to convert the contained REEs into soluble rare earth sulphates (i.e., the ‘sulphation crack'), which were then dissolved in a water leach to bring the REEs into solution (i.e., the ‘PLS'). The recent test work resulted in the highest recoveries of REEs achieved to date in the sulphuric acid - water leach stage, at 98% for NdPr, as well as the highest overall recoveries achieved to date from unprocessed rock into the PLS, at approximately 78% NdPr.
All major hard rock REE mines globally produce mineral concentrates of at least 35-40% REO, which are then placed into solution and processed downstream into marketable products. Such high grades of mineral concentrate considerably reduce the downstream processing cost and risk through lower reagent use, fewer deleterious elements entering solution, and a smaller hydromet plant requirement by comparison. With respect to the Ashram Deposit, test work has now demonstrated that >80% of the REEs in the unprocessed deposit material can be effectively concentrated (i.e., recovered) into just 3-4% of the original mass, resulting in a significant upgrade factor of over 21 times the original head grade. In addition, the recent work has now demonstrated that 98% of the NdPr contained in this concentrate can be put into solution for downstream recovery. These results are also a strong improvement on the 90-95% REE recoveries into solution achieved in prior test programs.
Company President, Chris Grove comments, "The ongoing work on the Ashram flowsheet has demonstrated that very high-grade monazite concentrates1 at high recoveries have been produced, and there is still room for improvement. Moreover, the prior bench-scale work has demonstrated that producing high-grade monazite concentrates1 at high REE recoveries is repeatable, and now, the current test program has demonstrated that high REE recoveries into solution at the sulphuric acid water-leach stage, are also repeatable. Our metallurgical results to date continue to solidify our belief in Ashram as a potential low-cost leader for mixed REC / NdPr supply to the global market."
In the next steps of the process flowsheet the leach liquor produced from the sulphuric acid water-leach stage will be treated by solvent extraction ("SX") to reject thorium followed by SX to purify and concentrate the REEs. A mixed REC, high in NdPr, will then be precipitated from the SX strip liquor. This test work is currently being completed on the bench scale and in parallel to the scale-up of the sulphuric acid pot digestion stage from 50 g batches to 2.5 kg batches. The test work will continue to scale up until approximately 2.5 kg of on-spec mixed REC is produced.
- Concentrate refers to the recovered REE minerals into the magnetic fraction of the magnetic separation stage (~70% of the overall REEs) as well as the REEs that have been precipitated and recovered from the HCl leach liquor fraction (~12% of the overall REEs). Collectively, the combined concentrate accounts for >80% overall REE recovery through this stage, which is then fed together into the sulphation crack stage.
NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, supervised the preparation of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (>45% REO) mineral concentrates at high recovery (>70%) in line with active global producers. In addition to being one of the largest rare earth deposits globally, Ashram is also one of the largest fluorspar deposits globally and has the potential to be a long-term supplier to the met-spar and acid-spar markets.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release include, but are not limited to, statements regarding the progress of the Company's metallurgical program and any future methods employed therein, the Company's ability to reduce downstream processing costs and risk, the Company's ability to repeat and produce high-grade monazite concentrates, the Company's ability to become one of the lowest cost rare earth producers globally as well as its potential ability to be a long-term supplier to the met-spar and acid-spar markets. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that the methods proposed do not work as well as expected, the leach residue may not be usable, that the Company may experience difficulties producing concentrate or achieving an upgrade to the concentrate; changing costs for mining and processing; increased capital costs; the timing and content of the work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; that testing of the Company's process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and despite the current expected viability of the project, conditions changing such that the minerals on our property cannot be economically mined, or that the required permits to build and operate the envisaged mine can be obtained. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Commerce Resources Corp.
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Addition to Bathurst Advisory Board
Vancouver, British Columbia – TheNewswire – September 16, 2021 – Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the…
Vancouver, British Columbia - TheNewswire - September 16, 2021 - Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the Board of Directors, Mr. Lorne Warner P.Geo., President of Bathurst Metals Corp. is pleased to announce Dr. Guowei Zhang Ph.D., P.Geo. has agreed to join the company’s Advisory Board. Mr. Warner stated “We’re pleased to welcome Dr. Zhang to the Company’s Advisory Board. His experience and expertise, in particular his extensive knowledge of structural geology, is a welcome addition to the Bathurst team. We were grateful to have him as part of our team on the Company’s just completed Nunavut properties mapping and sampling program.”
Dr. Guowei Zhang PhD. P Geo
Dr. Zhang has over 30 years’ experience as a consulting geologist, well recognized for his specialized work in Structural Geology. He received his Ph.D. From McGill University in 1994 and since then has worked extensively throughout Canada, the United States, Asia and Africa. Dr. Zhang is a Fellow of the Geological Association of Canada.
For more information contact Lorne Warner, President firstname.lastname@example.org
Neither 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.
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.
665 DOUGALL ROAD, GIBSONS BC WWW.BATHURSTMETALS.COM
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Blue Lagoon’s Toll Mill Partner Sends Out Second Shipment of Gold & Silver Concentrate
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that…
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that the Company's toll milling partner, Nicola Mining ("Nicola"), has now sent a second shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment, sent to Ocean Partners UK Limited, a leading European based commodities trading company with offices in six countries around the world, contained 96.7 dry tonnes of gold and silver concentrate grading 93 g/t Au and 468 g/t Ag. All concentrate assays were completed at Base Met Labs, an accredited metallurgical testing facility located in Kamloops, BC.
"Combined with the first 40 tonnes of concentrate that were shipped (see news release September 1, 2021), Nicola has now sent a total of 136.8 dry metric tonnes of concentrate having a total value of approximately CDN $823,000," said Rana Vig, President and CEO of Blue Lagoon Resources. "With an already healthy treasury of nearly $9 million, plus more than $4 million in-the-money warrants and no debt, the additional cash that we will receive from the sale of this concentrate will continue to ensure that we have a significant runway to execute on our aggressive exploration plans on a project that's been relatively unexplored and under the radar," he added.
Bags full of gold and silver concentrate made from Dome Mountain mineralized material are readied and await shipping at Nicola's milling facility in Merritt, B.C.
Trucking of the Dome Mountain mineralized material, which began on June 14, 2021, continues with 10 to 15 trucks leaving the mine site on a weekly basis. To date more than 110 - forty ton trucks - have been dispatched to Nicola, delivering over 4000 tonnes of the Dome Mountain high-grade mineralized material. Weekly shipments are expected to continue until all 6,000 plus tonnes of material have been removed from the underground mine and processed at the Nicola Mining mill (see news release July 7, 2021).
The scientific and technical data contained in this news release was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.
For furtherinformation, please contact:
President and Chief Executive Officer
The CSE has not reviewed and does not accept responsibility for the adequacyor accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities that may not show quality and quantity necessary for upgrading mineralization classification or for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Blue Lagoon Resources Inc.
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Condor Gold Plc Announces the Appointment of Jair Diaz Navarro as a Senior Mining Engineer
SURREY, UK / ACCESSWIRE / September 16, 2021 / Condor Gold Plc ("Condor Gold", "Condor" or the "Company") (AIM: CNR; TSX: COG) is pleased to announce the…
SURREY, UK / ACCESSWIRE / September 16, 2021 / Condor Gold Plc ("Condor Gold", "Condor" or the "Company") (AIM: CNR; TSX: COG) is pleased to announce the appointment of Mr. Jair Diaz Navarro as a Senior Mining Engineer to work at its fully permitted La India Project, Nicaragua. Mr. Diaz is a mining engineer with over 10 years' experience in mine planning and operations.
Mark Child, Chairman and CEO comments:
"As Condor builds a team to take the La India Project (the "Project") through to gold production, I am delighted that Mr. Diaz has joined as a senior mining engineer working at the Project. Mr. Diaz has extensive experience of working in operating mines and, until recently, was the long range mine planner at OceanaGold's Haile Mine in South Carolina.
Mr Diaz will be involved in all aspects of mining engineering studies for a forthcoming Feasibility Study and final designs ahead of the construction of a processing plant and associated infrastructure using the recently acquired SAG Mill, which is estimated to produce approximately 100,000 oz gold p.a. His focus will be on optimising mine schedules to maximise the Project's economics".
Background Jair Diaz Navarro graduated from Colorado School of Mines with a B.Sc. in Mining Engineering in 2011. After graduation, he joined Barrick Gold at their Cortez mine. He performed various tasks as related to accomplishing production targets including short range planning, drill and blast planning and ore control.
In 2013, Jair joined Maptek, a leading global provider of mining software. He specialized in the implementation of Maptek's mine planning solutions and implementing Maptek products for clients such as Vale (Canada), Newmont (Nevada, Peru and Suriname) and Fresnillo Plc (Mexico).
In 2017, Jair joined Gran Colombia Gold at their Segovia underground operations as their first in-house long-range planner. During his time with Gran Colombia Gold, he was focused on improving mine planning standards, mentoring local engineers and coordinating work with SRK's consultants to certify reserves according to 43-101 standards.
In 2019, Jair joined OceanaGold Corporation at the Haile Mine in South Carolina. As long-range planner, he was responsible for the annual mine plan; as well as reporting annual reserves, LOM equipment requirements, pit optimizations and various trade-off studies to improve shareholder value
- Ends -
For further information please visit www.condorgold.com or contact:
Condor Gold plc
Mark Child, Chairman and CEO
+44 (0) 20 7493 2784
Beaumont Cornish Limited
Roland Cornish and James Biddle
+44 (0) 20 7628 3396
SP Angel Corporate Finance LLP
H&P Advisory Limited
Andrew Chubb and Nilesh Patel
+44 207 907 8500
Tim Blythe and Megan Ray
+44 (0) 20 7138 3204
About Condor Gold plc:
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua.
In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold project ("La India Project"). The EP is considered the master permit for mining operations in Nicaragua.
La India Project contains a Mineral Resource of 9,850 Kt at 3.6 g/t gold for 1.14 M oz gold in the Indicated category and 8,479 Kt at 4.3 g/t gold for 1.18 M oz gold in the Inferred category. A gold price of $1,500/oz and a cut-off grade of 0.5 g/t and 2.0 g/t gold were assumed for open pit and underground resources, respectively. A cut-off grade of 1.5 g/t gold was furthermore applied within a part of the Inferred Resource. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that any part of the Mineral Resources will be converted to Mineral Reserves.
Environmental Permits were granted in April and May 2020 for the Mestiza and America open pits respectively, both located close to La India. The Mestiza open pit hosts 92 Kt at a grade of 12.1 g/t gold (36,000 oz contained gold) in the Indicated Mineral Resource category and 341 Kt at a grade of 7.7 g/t gold (85,000 oz contained gold) in the Inferred Mineral Resource category. The America open pit hosts 114 Kt at a grade of 8.1 g/t gold (30,000 oz) in the Indicated Mineral Resource category and 677 Kt at a grade of 3.1 g/t gold (67,000 oz) in the Inferred Mineral Resource category. Following the permitting of the Mestiza and America open pits, together with the La India open pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for extraction.
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
The Mineral Resource Estimate has been completed by Ben Parsons, a Principal Consultant (Resource Geology) with SRK Consulting (U.S.) Inc, who is a Member of the Australian Institute of Mining and Metallurgy, MAusIMM(CP). He has some nineteen years' experience in the exploration, definition and mining of precious and base metals. Ben Parsons is a full-time employee of SRK Consulting (U.S.), Inc, an independent consultancy, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators and as required by the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Ben Parsons consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.
The Qualified Persons responsible for the Technical Report are Dr Tim Lucks of SRK Consulting (UK) Limited, and Mr Fernando Rodrigues, Mr Stephen Taylor and Mr Ben Parsons of SRK Consulting (U.S.) Inc. Mr Parsons assumes responsibility for the MRE, Mr Rodrigues the open pit mining aspects, Mr Taylor the underground mining aspects and Dr Lucks for the oversight of the remaining technical disciplines and compilation of the report.
The technical and scientific information in this press release has been reviewed, verified and approved by Gerald D. Crawford, P.E., who is a "qualified person" as defined by NI 43-101 and is the Chief Technical Officer of Condor Gold plc.
The technical and scientific information in this press release has been reviewed, verified and approved by Andrew Cheatle, P.Geo., who is a "qualified person" as defined by NI 43-101.
Forward Looking Statements
All statements in this press release, other than statements of historical fact, are ‘forward-looking information' with respect to the Company within the meaning of applicable securities laws, including statements with respect to: the ongoing mining dilution and pit optimisation studies, and the incorporation of same into any mining production schedule, future development and production plans at La India Project. Forward-looking information is often, but not always, identified by the use of words such as: "seek", "anticipate", "plan", "continue", "strategies", "estimate", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", "could", "might", "will" and similar expressions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions regarding: future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; the receipt of required permits; royalty rates; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing and assumptions underlying estimates related to adjusted funds from operations. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Such forward-looking information involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to: mineral exploration, development and operating risks; estimation of mineralisation and resources; environmental, health and safety regulations of the resource industry; competitive conditions; operational risks; liquidity and financing risks; funding risk; exploration costs; uninsurable risks; conflicts of interest; risks of operating in Nicaragua; government policy changes; ownership risks; permitting and licencing risks; artisanal miners and community relations; difficulty in enforcement of judgments; market conditions; stress in the global economy; current global financial condition; exchange rate and currency risks; commodity prices; reliance on key personnel; dilution risk; payment of dividends; as well as those factors discussed under the heading "Risk Factors" in the Company's annual information form for the fiscal year ended December 31, 2020 dated March 31, 2021 and available under the Company's SEDAR profile at www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
SOURCE: Condor Gold plc
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