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Jervois continues to advance Idaho Cobalt Operations construction

Highlights:

 

Detailed engineering and procurement at Jervois’s 100%-owned Idaho Cobalt Operations (“ICO”), in Idaho, United States are substantially…

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Jervois Global Limited

Highlights:

 

  • Detailed engineering and procurement at Jervois’s 100%-owned Idaho Cobalt Operations (“ICO”), in Idaho, United States are substantially advanced with commitments for approximately 75% of all equipment and material required for construction.
     

  • Mine development has advanced to over 136 feet on the west portal and 100 feet on the east portal, critical progress required to establish underground mining infrastructure. 

 

  • Jervois Global Chief Executive Officer Mr. Bryce Crocker returned to site to review construction progress. 

 

  • Once complete, ICO will be the only mine supply of cobalt in the United States, a critical mineral necessary for industry, defense, electric vehicles and energy generation and distribution in a carbon constrained economy. 

 

Australia – TheNewswire – 22 November 2021 – Jervois Global Limited (“Jervois”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to update its progress on construction at its Idaho Cobalt Operations (“ICO”) in Idaho, United States.

 

To date, approximately three quarters of all equipment and material for the project is now committed.  Jervois has committed more than US$36.0 million of the Board approved capital budget of US$92.6 million towards equipment, materials and labour costs both onsite and for detailed engineering.

 

Jervois has ordered all long lead items for the process plant, which are expected to begin arriving onsite from December.  Mining camp units are anticipated to arrive late December upon receipt of necessary permits, with kitchen and supporting units expected to arrive on site in February 2022.  The delay in camp commissioning will decrease productivity through the winter in order to ensure workforce safety.  

 

Together with EPCM M3 Engineering, the project team led on site by ICO Project Director Mike Romaniuk is undertaking a detailed review of the construction schedule.  The date of  commissioning in the second half of 2022 is expected to be increasingly influenced by weather conditions of the current winter construction season.  

 

This updated project schedule will then underpin completion of a cost to complete test by Independent Engineer RPM Global, whom is engaged under the terms of the previously announced US$100 million Senior Secured Bond, ahead of the first US$50 million drawdown.

 

More than US$100 million has been invested at ICO to date.  As part of the current construction cycle at site, Jervois has advanced construction of key infrastructure items including (see Appendix A):

  • Dry stack tailings storage facility which is now prepared for storage of mine waste material and tailings. 

  • Advancing mill building erection and civil work. 

  • SAG and ball mill foundations are being finalized prior to form work and concrete pours.  

  • Flotation building civil work is well underway, and an additional steel erection crew has mobilized to site to complete flotation building erection.  

  • A water treatment plant (WTP”) has been water commissioned and expected to complete in early December 2021.   

  • A pump back system will move water from the portal pump station to the WTP and is expected to be complete and commissioned in early December.    

  • Mine development in the west portal has advanced over 136 feet and the east portal has now advanced 100 feet.  

 

Operational readiness activities are also advancing.  ICO has completed recruiting for key management positions at the operations level including finance manager, mill manager and mine manager in advance of full operations commencing in 2022.

 

A future domestic source of cobalt for the United States

 

ICO is a key asset in delivering Jervois’ strategy to become a leading independent cobalt and nickel company providing metals and minerals for the world’s energy transition through a western supply chain.  When commissioned, ICO will be the United States only domestic mine supply of cobalt.

 

Cobalt is a critical mineral for the United States and is used in applications across industry, defense, energy and electric vehicles.  Jervois notes the United States’ increased focus on the importance of developing a secure supply chain for critical materials, particularly cobalt.  Jervois notes coverage in the New York Times article on November 21, 2021, that highlighted risks associated with the current geographical concentration of cobalt mining and processing.  Jervois is focused advancing ICO into commercial operation, and together with its refining and advanced manufacturing businesses elsewhere in the Americas and Europe, the Company believes it can play a leading role in offering stable, secure supply of critical products to customers in the United States, Europe and Japan that underpin the energy transition to a decarbonized economy in coming decades.

 

On behalf of Jervois

 

Bryce Crocker, CEO

 

For further information, please contact:

 

Investors and analysts:

James May

Chief Financial Officer

Jervois Global

[email protected]

Media:

Nathan Ryan

NWR Communications

[email protected]

Mob: +61 420 582 887

  

Forward-Looking Statements

 

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “expected” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the timing construction activities at ICO, the timing of productions at ICO and certain other factors or information. Such statements represent Jervois’ current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Jervois, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Jervois does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

 

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.

  


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CSE Bulletin: Delist – Buccaneer Gold Corp. (BUCK)

Toronto, Ontario–(Newsfile Corp. – le 7 décembre/December 2021) At the request of the company the common shares of Buccaneer Gold Corp. will be delisted…

Toronto, Ontario–(Newsfile Corp. – le 7 décembre/December 2021) At the request of the company the common shares of Buccaneer Gold Corp. will be delisted at market close on December 8, 2021.

The Company’s common shares will continue to trade on the NEO Exchange.

_________________________________

À la demande de la société, les actions ordinaires de Buccaneer Gold Corp. seront radiées à la clôture du marché le 8 décembre 2021.

Les actions ordinaires de la Société continueront d’être négociées sur le NEO Exchange.

Date:

Market Close/Clôture du marchés le 8 décembre/December 2021

Symbol(s)/Symbole(s):

BUCK

 

If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail: [email protected]

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: [email protected]




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Reunion Gold reports new drill results at its Oko West Project in Guyana including 2.44 g/t over 46.5 m, 2.22 g/t over 57.0 m and 1.88 g/t over 41.0 m

The results confirm the continuity of the deposit and extend the know mineralization laterally, along strike and at depth into the unweathered rock.LONGUEUIL,…

The results confirm the continuity of the deposit and extend the know mineralization laterally, along strike and at depth into the unweathered rock.

LONGUEUIL, Quebec, Dec. 07, 2021 (GLOBE NEWSWIRE) — Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to report new significant gold intersections, including 2.44 g/t over 46.5 meters, 2.22 g/t over 57 meters and 1.88 g/t over 41.0 meters as part of its ongoing drilling program at the Oko West Project in Guyana. Hole 47 intersected the deepest mineralized interval so far, with 2.22 g/t over 57 meters at approximately 200 meters vertical depth from the surface (Table 1). These new drill results, which consistently show high grades and intersected lengths, clearly demonstrate that gold mineralization continues at depth in unweathered rock. The results also expand the gold mineralization laterally and continue to show the strong mineralization continuity along a “corridor” more than 1.2 km long. Preliminary metallurgical studies outlined below also show encouraging results with gold recoveries ranging between 78% and 98%.

The objective of the current drill campaign is to confirm the vertical and lateral continuity of gold mineralization previously identified in eight “blocks” straddling shear zones over a 3 km long strike length, within a 6 km long soil geochemical anomaly. Diamond drilling (“DD”) has been focused on testing depth extensions into the unweathered rock below 100 m (Figure 2), as well as testing for lateral extensions between the outlined blocks. The reverse circulation (“RC”) rig is testing the edges of exploration blocks and scouting previously untested targets both laterally and along strike. The Company has so far demonstrated continuous gold mineralization in a “corridor” more than 1.2 km long (see Figures 1 and 3) characterized by zones of intense deformation and hydrothermal alteration in sedimentary, granitic, and volcanic rocks. These zones contain widely disseminated gold in microfractures and metric-scale high-grade veins assaying up to several ounces per tonne.

Carlos Bertoni, Interim CEO, stated: “We are very excited by this round of drill results as they continue to demonstrate the impressive continuity of the gold mineralization outlined to date with long intercepts of good grade. The results successfully expand the known deposit both at depth into the unweathered rock, and laterally, between the previously outlined “blocks.” The deposit remains open to expansion in all directions. We have only started drill testing the southern 3 km of the soil geochemical anomalies.”

The Company restarted its drilling activities at the Oko West Project early in November, following a one-month break to finalize the interpretation of the then recent results and to properly plan the current 9,000-meter drill program, and for equipment maintenance. Assay results presented in Table 1 below shows significant intersections from a total of 1,322 meters in eight DD and 834 meters in nine RC holes, with assay results from two DD holes and ten RC holes not yet received.

Table 1
Drill hole ID Exploration Block From (m) To (m) Length (m) Gold (g/t)
Diamond Drill Holes
OKWD21-43 1 25.50 36.00 10.50 0.65
OKWD21-46 1 61.50 69.00 7.50 1.68
    82.50 90.00 7.50 1.43
    133.50 180.00 46.50 2.44
including   171.00 180.00 9.00 6.85
    186.00 192.00 6.00 1.27
OKWD21-47 4+3 134.75 141.80 7.05 2.44
    154.00 158.50 4.50 1.73
    173.50 230.50 57.00 2.22
OKWD21-48 4+3 54.50 59.55 5.05 2.66
OKWD21-49 4+3 156.00 162.00 6.00 2.90
OKWD21-50 4+3 52.50 57.00 4.50 5.67
    135.50 176.50 41.00 1.88
Reverse Circulation Drill Holes
OKWR21-56 1 16.00 28.00 12.00 5.61
including   18.00 24.00 6.00 10.03
OKWR21-58 1 24.00 38.00 14.00 1.46
    47.00 53.00 6.00 1.95
OKWR21-59 1 75.00 80.00 5.00 1.85
OKWR21-71 1 121.00 128.00 7.00 2.52

The Company has now drilled a total of 6,467 meters in 53 DD holes and 7,836 meters in 91 RC holes since the beginning of the drilling program at Oko West in December 2020, with significant assay results reported in press releases on August 12, September 7, and October 7, 2021. The Company will interrupt its field activities at the Oko West Project from December 17, 2021, and restart early in January 2022 and plans to complete this current drill campaign by the end of March 2022.

Metallurgical testing

The Company completed a maiden scoping-level metallurgical test by bottle-roll cyanide leaching eight mineralized samples at the Actlabs laboratory in Georgetown, Guyana. These samples represent weathered and unweathered rocks from trench and drill hole samples in different host rocks. Positive gold recovery results were received using low cyanide (0.5 kg/t) in under 12 hours of leaching. Gold recoveries range between 78% and 98%. These preliminary encouraging results indicate that gravity concentration followed by cyanidation should improve gold recoveries. The Company is preparing a complete metallurgical testing plan for the Oko West mineralized rocks.

Drill result composites, sample collection, assaying and data management

The Company calculates drill results composites with a minimum length of 2 m, a cut-off grade of 0.3 g/t and 2 m maximum length of internal waste. Gold grades are uncapped. True widths are unknown. Complete drilling results and drill hole data are being posted on the Company’s website. Diamond drill samples consist of half of either HQ or NQ core taken continuously at regular intervals averaging 1.4 m, bagged, and labelled at the site core shed. Reverse circulation drill samples are obtained from a rotary splitter attached to a Metzke cyclone, weighed, bagged, and tagged at the drill site. Samples are shipped to the Actlabs certified laboratory in Georgetown, Guyana, respecting the best chain of custody practices. At the laboratory, samples are dried, crushed up to 80% passing 2 mm, riffle split (250 g), and pulverized to 95% passing 105 μm, including cleaner sand. 50 g of pulverized material is fire assayed by atomic absorption (AA). Initial assays with results above 3,000 ppb gold are re-assayed with a gravimetric finish. Certified reference materials and blanks are inserted at 5% of samples shipped to the laboratory. Assay data is subject to QA/QC using acQuire software and management by an independent consultant.

Qualified Person

The technical information in this press release has been reviewed and approved by Carlos H. Bertoni, P.Geo., the Company’s Interim CEO. Mr. Bertoni is a qualified person under Canadian National Instrument 43-101.

Cautionary Statement

This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company’s control, including statements regarding plans to complete drilling and other exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

About Reunion Gold

Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname, and French Guiana. The Company has an option to acquire a 100% ownership interest int the Oko West Project in Guyana. The Company’s common shares are listed on the TSX Venture Exchange under the symbol ‘RGD.’ Additional information about the Company is available on SEDAR (www.sedar.com) and the Company’s website (www.reuniongold.com). The Company currently has 669.3 million issued and outstanding common shares.

For further information, please contact:

REUNION GOLD CORPORATION
Carlos H. Bertoni, Interim CEO or
Paul Fowler, Manager, Corporate Development
Telephone: +1 450.677.2585
Email: [email protected]

Figure 1: Map of the Oko West Block 4 and adjacent area showing schematic geology, mineralized zones (dashed red lines), and trench (brown), DD (black) and RC drilling (green) results in composite highlights. The locations of the cross and longitudinal sections are shown as green and red lines, respectively. Composite results in this press release are from holes with highlighted labels. 

Figure 2: Geological section looking north near trench 44 in Block 4 shows schematic geology, mineralized zones (dashed lines), trench and drilling results composite highlights (see section location on Figure 1). Intervals with lengths inferior to 5 m are not listed. 

Figure 3: Longitudinal section looking west of the Oko West mineralized “corridor” gold grade block model (block dimensions are 8x8x8 m). Continuity interruptions are daa constrained rather than a lack of mineralization. Some drill holes shown are off section. See 1.2 km bar in Figure 1.








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Quebec Silica Announces Private Placement of up to $2 Million Units and Flow-Through Shares

Vancouver, British Columbia–(Newsfile Corp. – December 7, 2021) – Quebec Silica Resources Corp. (CSE: QTZ) ("Quebec Silica," or the "Company") is pleased…

Vancouver, British Columbia–(Newsfile Corp. – December 7, 2021) – Quebec Silica Resources Corp. (CSE: QTZ) (“Quebec Silica,” or the “Company”) is pleased to announce that it is arranging a private placement of: (i) up to 6,250,000 of units (each, a “Unit“), at a price of $0.16 per Unit; and (ii) up to an aggregate of 5,000,000 of flow-through shares (each, a “FT Share“), at a price of $0.20 per FT Share for aggregate gross proceeds of up to $2,000,000 (the “Offering“).

Each Unit shall be comprised of one common share (“Common Share“) in the capital of the Company and one-half (1/2) of a transferable Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant“). Each Warrant shall entitle the holder thereof to acquire one additional Common Share at a price of $0.20 for a period of two (2) years from the closing date (the “Closing Date“) of the Offering. The FT Shares will qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada).

The net proceeds from the issuance of the Units will be used for general working capital purposes. The gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) and under section 359.1 of the Taxation Act(Quebec) (the “Qualifying Expenditures“), which will be incurred on or before December 31, 2022 and renounced to the subscribers with an effective date no later than December 31, 2021 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Quebec resident subscribers of FT Shares and who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Quebec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the “exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Quebec).

In connection with the Offering, the Company may pay finder’s fees and issue finder warrants to eligible registrants consisting of: (i) cash finder’s fees of up to 8% of the gross proceeds of the Offering; and (ii) finder warrants in an amount equal to up to 8% of the number of Units and FT Shares issued pursuant to the Offering, exercisable at a price of $0.20 per Common Share for a period of two (2) years following the Closing Date.

The Offering is anticipated to close on or about December 15, 2021, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadians Securities Exchange (CSE). All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation.

About Quebec Silica Resources Corp.
Quebec Silica Resources Corp. is a mineral exploration, and development company focused on exploring, developing, and acquiring industrial mineral resources in Quebec, Canada. The Company is currently focused on its wholly-owned Charlevoix Silica Project, near St. Urbane, Quebec, Canada.

Additional information on Quebec Silica. is available at www.quebecsilica.com.

On Behalf of the Board of Directors,

QUEBEC SILICA RESOURCES CORP.

“Raymond Wladichuk, P.Geo.”
Chief Executive Officer

For further information, please contact:
Elyssia Patterson – CFO
Tel: +1 (833) 474-5422

Email: [email protected]

Neither the Canadian Securities Exchange nor it’s Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Silica’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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 Quebec Silica believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of Quebec Silica to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107002





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