Vancouver, Canada – TheNewswire – October 5, 2021 – (“Nexus” or the “Company”) () (OTC:NXXGF) (FSE:N6E), is pleased to report in an effort to guide upcoming drill plans that it has begun a prospecting and targeting program at the McKenzie Gold Project, located in Red Lake, Ontario, Canada.
The prospecting program is primarily focused on the northern shores of Perch Lake in the St. Paul’s Bay area of the 1,400-ha project and is designed to explore and confirm the extension of mineralization previously identified by the company in its spring 2021 diamond drill program.
The current program has already generated positive results with the prospecting team identifying mineralization in two previously unknown trenches (see Map 1). Mineralization within these trenches consists of quartz veins containing clots and patches of semi massive Chalopyrite, Pyrite and Molybdenite. The veins are hosted in granite which displays strong pervasive silica flooding. Local discrete shearing in both trenches trend at approximate attitudes of 330° and dip 70° to 80° to the east, displaying similar trends as were observed in the spring drilling campaign. The trenches are located on the northern shore of the Perch Lake and extend the known mineralization some 400 meters to the north and north-west.
“This is a terrific start to our program as this newly identified mineralization will greatly aid us in designing our upcoming drill programs,” said VP Exploration, Warren Robb. “It appears that the mineralization identified in our drilling to date is trending north-northwest and our prospecting efforts have now doubled the length of this mineralization to over 800 meters along strike,” continued Mr. Robb.
Samples from this program have been forwarded to the lab for analysis. Once assay results are received and verified plans will be finalized for an up to 2000-meter, phase three diamond drill program scheduled for Q4 of this year.
Drilling in 2020 and 2021 in the St. Paul’s Bay area of the McKenzie project has so far outlined a broad zone of mineralization defined by combination of significant higher grade intercepts and lengthier runs of sub two grams-per-tonne (“g/t”) gold (“Au”). Highlighted drill results include:
– Hole MK-20-006, which intercepted 13.25 g/t Au over 2.75m, including 36.2 g/t Au over 1m
– MK-20-008 reported .62 g/t Au over 117.5m, including 1 g/t Au over 55m
– MK-21-018 intercepted 56m of 1.01 g/t Au (including 21.5m of 1.84 g/t Au, and 10m of 3.30 g/t Au)
– MK-21-018 also featured 37.6m of 2.78 g/t Au (including 24.7m of 4.05 g/t Au and 8m of 12.04 g/t Au)
– MK-21-018 included high-grade intervals of 23.10 g/t Au over 1m and 94.20 g/t Au over 1m. The entire length of the hole averaged .99 g/t Au over 198m
– MK-21-019 returned 136.5m of 1.25 g/t Au (including 44.9m of 3.00 g/t Au and 15.5m of 5.25 g/t Au)
– MK-21-019 also featured 29.4m of 1.82 g/t Au (including 6m of 5.45 g/t Au)
For a complete table of Nexus drill results at McKenzie, please visit the project section of www.nxs.gold.
All reported holes were drilled entirely in a granitic rock of the Dome stock and displayed patchy moderate-to-strong silica alteration. Silica altered intervals are typically associated with high density micro-fracturing and increased molybdenite and chalcopyrite mineralization. Fine-grained fluorescent scheelite was also observed. The granite was strongly magnetic, containing 2-3% fine-grained disseminated magnetite.
About the McKenzie Gold Project
The 100%-owned McKenzie Gold Project is an approximately 1,400-hectare gold exploration project located in the heart of the historic camp, in western Ontario, Canada. Areas of high-grade gold mineralization have been established within the northern portion of the claim block (McKenzie Island), with significant gold values having been drilled along a 600-meter strike in the southern portion of the property (St. Paul’s Bay area).
Numerous high-grade historical samples^ have been recovered on the property, including 331.14 g/t Au, 212.8 g/t Au, and 313 g/t Au. In the summer of 2019, the Company conducted it’s first ground reconnaissance program at McKenzie and results returned notable sample assays, including 135.4 g/t Au and 9.3 g/t Au (see Company news releases dated June 25, 2019, and October 11, 2019).
Additional high-grade historical grab samples^ previously unknown to the Company and revealed in a report supplied by Rimini Exploration include several high-grade assays, including 142.49 g/t Au, 115.2 g/t Au, 114.57 g/t Au, 93.71 g/t Au, 68.03 g/t Au, 53.01 g/t Au, and 16.65 g/t Au from areas located on McKenzie Island (north block) (see Company news release dated October 11, 2019).
Results from the Company’s initial summer 2020 drill program returned values similar to historic drilling in the area, which have been typically higher-grade intercepts over narrow widths (i.e., 0.5m to 1m of > 5 g/t Au). In addition, a second style of gold mineralization was discovered on the McKenzie property. These lengthy (> 100m) disseminated, sub and near one-gram gold intercepts more closely resemble the type of mineralization being explored by Premier Gold at the Hasaga Project, located approximately 5kms east of the McKenzie project ground.
Premier Gold’s Hasaga Property is host to the past-producing Hasaga and Gold Shore Mines and is strategically located proximal to the Balmer-Confederation regional unconformity, recognized as an important geologic feature at the multi-million ounce past and currently producing Red Lake area mines. The deposits on the Hasaga Project are estimated as hosting an Indicated mineral resource of 1,123,900 ounces of gold with an average grade 0.83 g/t Au. *
Map 2: McKenzie Gold Project, Red Lake, Ontario
^ Grab samples are selected samples and are not necessarily representative of mineralization hosted on the property
* Reported lengths are intercepts and are not true widths
* HASAGA PROJECT RED LAKE MINING DISTRICT, ONTARIO, CANADA NTS MAP SHEETS 52K/13 AND 52N/04 by Vincent Jourdain (Ph.D., P.Eng.), John Langton (M.Sc., P. Geo.) & Abderrazak Ladidi (P.Geo.) dated February 24th, 2017).
Warren Robb P.Geo., Vice President, Exploration, is the designated Qualified Person and has reviewed and approved the technical information contained in this release. The historic drill data contained in this release was verified by the QP by comparing reported assay data with Certificates of Analysis documented. The QP has verified mineral showings and areas of select sampling and the collars of reported historic drill hole locations. It is the QP’s opinion that the data as presented is adequate and can be relied upon for use in this press release.
About the Company
Nexus Gold is a Canadian-based gold exploration and development company with an extensive portfolio of projects in Canada and West Africa. The Company’s primary focus is on its 100%-owned, 98-sq km Dakouli 2 Gold Concession in Burkina Faso, West Africa, and the approximately 1400-ha McKenzie Gold Project, located in Red Lake, Ontario. The Company is developing its core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its portfolio.
For more information, please visit nxs.gold
On behalf of the Board of Directors of
President & CEO
Neither the 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. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
Copyright (c) 2021 TheNewswire – All rights reserved.
United Lithium Corp. Provides Update on Lithium Product Purification – Achieves Higher Than 99% Pure Lithium Carbonate with a Leach Recovery Exceeding 98%
Calcination, Acid Roasting and Water Leaching of spodumene concentrate (reported October 12, 2021) to produce lithium carbonate Higher than 99% pure lithium…
Calcination, Acid Roasting and Water Leaching of spodumene concentrate (reported October 12, 2021) to produce lithium carbonate
Higher than 99% pure lithium carbonate achieved
Approximately 99% Li2O recovered from impurity removal stages
Test work to commence shortly on a direct lithium hydroxide from spodumene concentrate process
VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) — ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”), is pleased to announce results from proprietary lithium purification testwork to produce lithium carbonate (Li2CO3) from spodumene concentrate. Testing produced lithium carbonate with a purity of approximately 99.1% from the initial bench tests. This test program was conducted under the supervision of Dr. Abdul Halim at Process Research Ortech Inc. in Mississauga, Ontario, Canada.(CSE:
The technical grade of Li2CO3 product and recovery of Li2O from flotation concentrates are considered excellent.
A table accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca2450a-33bd-452c-9a91-81b77e41accd
Process Research Ortech Inc. (PRO) was contracted byto develop a sustainable process flow-sheet for the recovery of lithium from a hard rock deposits. The primary lithium mineral to be concentrated is the alumina-silicate spodumene. Spodumene is considered the most important commercial lithium mineral due to its high Li content and favorable processing characteristics. For phase one of the program a lithium rich pegmatite was sourced from Canada for testing.
The success of this program has encouraged United Lithium to continue forward with expanded test work for direct lithium hydroxide production from spodumene concentrate. Test work to date will allow optimization of pilot plant testing, expected to commence early in 2022. The proposed pilot plant will test lithium rich feed materials from a variety of projects, with results expected to be suitable for an economic assessment of a flowsheet to recover Li2CO3 and LiOH from spodumene and petalite feed.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b16ff5a3-c69c-43ea-89f7-ae22a6da8334
Table 2 Analysis of the process solutions related with Li2CO3 precipitation tests
Work to date continues to demonstrate a “greener” process: lower temperatures, lower chemical needs, shorter processing times versus incumbent technologies point toward the environmental and CO2 impacts of high grade lithium salts production to be substantially reduced. Reagents and water consumption can be minimized by recycling the process streams such as filtrates, washes, evaporated water and crude products to the Li2CO3 precipitation, impurity removal, and water leaching stages.
When additional test work to convert spodumene concentrate into lithium carbonate is completed, a life cycle assessment for this innovative process is planned, and engineering data will be available to support decision making. A test program to optimize the calcination and roasting portions of the flowsheet to make them even more environmentally friendly is being designed by the company’s President and CEO Michael Dehn and Dr. Abdul Halim, VP Technology of Process Research Ortech Inc.
”Test work to date has demonstrated that it is possible to modify traditional processes and shortcut lithium carbonate production using innovative out of the box thinking. United Lithium aims to commercialize a sustainable and robust process flow sheet for lithium concentrate production, high grade lithium carbonate and potentially high purity battery grade lithium hydroxide, with the ability to accommodate multiple feed materials with minimal modifications.”, states Michael Dehn, President and CEO of United Lithium. “By making minor improvements in each step of the traditional flowsheet, we believe we can deliver a new lithium flowsheet with distinct economic and environmental benefits”.
The detailed bench test work to develop a flowsheet was conceived and supervised by Dr. Abdul Halim, VP Technology of Process Research Ortech Inc. He has over 15 years of experience in developing and optimizing innovative and sustainable technologies for critical metals including lithium, cobalt, nickel and other base metals, PGMs, gold, germanium and rare earths (REEs) from mined natural resources and recycle materials through bench, pilot, and demonstration plant operations. He has authored more than 50 scientific and technical papers, holds 5 US patents, and has authored a number of book chapters in these areas. He worked at FLSmidth, Salt Lake City, USA, and SGS Lakefield, Canada prior to joining Process Research Ortech Inc. as a VP Technology.
Mark Saxon (FAusMM), Technical Advisor to the Company, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure or Mineral Projects) and has prepared or reviewed the scientific and technical information in this press release.
On Behalf of The Board of Directors,
Michael Dehn, President, CEO and Director
( ) is an exploration & development company energized by the global demand for lithium. The Company is targeting lithium projects in politically safe jurisdictions with advanced infrastructure that allows for rapid and cost-effective exploration, development and production opportunities.
Forward Looking Statements
This news release contains forward-looking statements. All statements included in this release, other than statements of historical fact, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
The CSE does not accept responsibility for the adequacy or accuracy of this release
Monarch Mining Prepares Beaufor Mine and Beacon Mill for the Restart of Operations
MONTREAL, Oct. 27, 2021 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) is pleased…
MONTREAL, Oct. 27, 2021 (GLOBE NEWSWIRE) —(“Monarch” or the “Corporation”) ( ) (OTCQX: GBARF) is pleased to provide an update on the restart of operations at the Beaufor Mine and Beacon Mill, scheduled to begin in the coming weeks in preparation for the start of mining in 2022. Rehabilitation work at the two sites is being carried out by some 30 employees and more than 120 regular and part-time contractor personnel.
The following is a summary of the work done to date at the Beaufor Mine:
- Rehabilitation of 900 metres of rail track including four new switches on level 20 to allow for a sustained maximum haulage rate between the Q zone and the shaft.
- Rehabilitation of the main ramp from level 20 to the Q zone on level 132, which is needed for development and production to resume.
- Recommissioning of four R1300 LHD loaders, three 30-tonne trucks, including the AD30, and two 15-tonne trucks.
- Dismantling of the surface ventilation system at the Pascalis shaft and reassembly near the old Beaufor #4 shaft to improve the ventilation system in the Q, W and 350 zones.
- Installation of a 25-kV electrical system to power the future development of the W zone and the new ventilation system.
- Rehabilitation of the surface ore bins to make them safer.
At the Beacon mill, major work has been undertaken since the mill was last commissioned in 2014:
- The administrative offices, drying rooms, warehouses and electrical room have been renovated.
- The electrical distribution system and mill’s internal piping have been replaced.
- The main crusher has been dismantled to allow for a complete overhaul.
- The pumping system has been improved.
- The mill’s internal conveyor system has been inspected, with major repairs made to the main conveyor under the grizzly and the outside rock breaker.
“This work is part of our estimated budget of approximately $12.5 million to bring the Beaufor Mine and Beacon Mill back into operation and will allow our employees to work more efficiently and safely,” said Jean-Marc Lacoste, President and CEO of Monarch. “In addition, as we have said before, we will now be able to extract gold from two sources, the shaft and the ramp, instead of just one, which should increase the mine’s capacity. In terms of our production schedule, we expect to complete the mine and mill preparation work at the end of the fourth quarter.”
“In terms of exploration at the Beaufor Mine, we have four underground drills currently operating on site and the 42,500-metre drilling program is approximately 85% complete. We are extremely pleased with the results obtained to date and are looking forward to seeing what the next drill results will show,” added Mr. Lacoste.
The technical and scientific content of this press release has been reviewed and approved by Christian Tessier, P.Geo., the Corporation’s qualified person under National Instrument 43-101.
( ) (OTCQX: GBARF) is a fully integrated mining company that owns four projects, including the past-producing Beaufor Mine, which has produced more than 1 million ounces of gold over the last 30 years. Other assets include the Croinor Gold, McKenzie Break and Swanson properties, all located near Monarch’s wholly owned Beacon 750 tpd mill. Monarch owns 28,702 hectares (287 km2) of mining assets in the prolific Abitibi mining camp that host 478,982 ounces of combined measured and indicated gold resources and 383,393 ounces of combined inferred resources.
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
|FOR MORE INFORMATION:|
|President and Chief Executive Officer||[email protected]|
|Vice President, Corporate Development||[email protected]|
|Senior Geologist – Communications Specialist||[email protected]|
Table 1: Monarch combined gold resources
|Mineral Resource Estimates||Tonnes
|Total Measured and Indicated||1,284,900||5.3||219,200|
Measured and Indicated Resources
|1 Source: NI 43-101 Technical Report and Mineral Resource Estimate for the Beaufor Mine Project, July 23, 2021, Val-d’Or, Québec, Canada, Charlotte Athurion, P. Geo., Clovis Auger, P. Geo., and Dario Evangelista, P. Eng., BBA Inc.
2 Source: NI 43-101 Technical Evaluation Report on the McKenzie Break Property, February 1, 2021, Val-d’Or, Québec, Canada, Alain-Jean Beauregard, P.Geo., Daniel Gaudreault, P.Eng., Geologica Groupe-Conseil Inc., and Merouane Rachidi, P.Geo., Claude Duplessis, P.Eng., GoldMinds GeoServices Inc.
3 Source: NI 43-101 Technical Report and Mineral Resource Estimate for the Swanson Project, January 22, 2021, Val-d’Or, Québec, Canada, Christine Beausoleil, P. Geo. and Alain Carrier, P. Geo., InnovExplo Inc.
4 Numbers may not add due to rounding.
|Historical Mineral Resource Estimate||Tonnes
|Total Measured and Indicated||804,600||9.12||236,000|
|1 Source: Monarch Gold prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016). This resource was completed for Monarch Gold and has not been reviewed by a qualified person for Monarch Mining as required under National Instrument 43-101 and is thus considered as an historical estimate.
2 Numbers may not add due to rounding.
Photos accompanying this announcement are available at:
Skeena to Commence Trading on the NYSE
VANCOUVER, BC / ACCESSWIRE / October 27, 2021 / Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce that…
VANCOUVER, BC / ACCESSWIRE / October 27, 2021 /(TSX:SKE)(OTCQX:SKREF) (“Skeena” or the “Company”) is pleased to announce that the Company has received listing authorization from the New York Stock Exchange (“NYSE”) and has filed a Form 40-F (“40-F”) with the U.S. Securities and Exchange Commission (“SEC”). The Company expects to begin trading on the NYSE on November 1, 2021 under ticker symbol “SKE”. The Company’s common shares will continue trading on the TSX under ticker symbol “SKE”.
Concurrent with the start of trading on the NYSE, Skeena’s common shares will cease trading on the OTC Markets. Shareholders are not required to take any action.
is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Prefeasibility Study for Eskay Creek in July 2021 which highlights an open-pit average grade of 4.57 g/t AuEq, an after-tax NPV5% of C$1.4B, 56% IRR, and a 1.4-year payback at US$1,550/oz Au. Skeena is currently completing both infill and exploration drilling to advance Eskay Creek to full Feasibility by Q1 2022.
On behalf of the Board of Directors of,
Walter Coles Jr.
President & CEO
The scientific and technical information in this press release was approved by Paul Geddes, P.Geo., a Qualified person as defined under National Instrument 43-101 and Vice President, Exploration and Resource Development for the Company.
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.
Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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