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Woodjam Copper-Gold Project Update: Hole SE21-89 intersects 142.4 m of 0.70% CuEq

 

Vancouver, B.C. – TheNewswire – September 7, 2021 – Consolidated Woodjam Copper Corp. (“Woodjam” or the “Company”) (TSXV:WCC) (OTC:CWMCF)…

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Vancouver, B.C. - TheNewswire - September 7, 2021 – Consolidated Woodjam Copper Corp. (“Woodjam” or the “Company”) (TSXV:WCC) (OTC:CWMCF) is pleased to announce new results from the drilling program at the Woodjam property at the town of Horsefly, BC, approximately 50 km northeast of the city of Williams Lake. The company is currently 2100 m through the 4000 m drill program.

 

Hole SE21-89, was collared in the higher grade copper-gold central portion of the Southeast Zone to reduce drill hole spacing for better definition and continuity. This area carries higher gold values than much of the deposit and demonstrates that the higher grade central portion of the deposit starts at the bedrock interface. The holes in the table below are from a portion of a long section through this area and are depicted on the long-section diagram, attached.

 

Holes in the vicinity of SE21-89:

 

Hole ID

From (m)

To

(m)

Interval

(m)

Cu

(%)

Au

(g/t)

CuEq (%)

SE11-25

140.20**

292.00

151.80

0.55

0.21

0.68

 

140.20**

412.39*

272.19*

0.42

0.14

0.51

             

SE11-56

131.10**

246.00

114.90

0.39

0.13

0.47

 

131.10**

428.55*

297.45

0.27

0.07

0.31

             

WJ08-84

125.88**

326.64

200.80

1.01

0.44

1.28

 

125.88*

485.00*

226.80

0.69

0.27

0.86

             

WJ08-85

158.50**

230.00

71.50

0.41

0.08

0.49

 

158.50**

356.68*

198.18

0.31

0.06

0.35

             

SE21-89

115.60**

258.00

142.40

0.56

0.23

0.70

 

115.60**

459.00

343.40

0.40

0.12

0.47

 

115.60**

529.43*

413.80

0.35

0.10

0.41

             

WJ08-83

128.63**

365.00

236.37

0.56

0.11

0.61

 

128.63**

530.66*

402.03

0.44

0.08

0.49

             

SE11-27

115.80**

234.00

118.20

0.16

0.52

0.61

 

115.80**

401.12*

285.32

0.33

0.09

0.38

             

*EOH; **start of bedrock

 

(Copper equivalent grades (CuEq per cent) and gold equivalent grades (AuEq g/t) are for comparative purposes only. Calculations are uncut and processing recovery is assumed to be 100 per cent. The following metal prices were used to calculate the equivalence: $1,700 (U.S.) per ounce gold and $4.00 (U.S.)/lb copper using the following formula:  AuEq g/t Au is equal to g/t Au plus ((Cu percent multiplied by 2205 multiplied by 4.00) divided by (1700 divided by 31.10) multiplied by 100))-CuEq per cent Cu is equal to per cent Cu plus ((g/t Au multiplied by 1700 divided by 31.20) divided by (2205 multiplied by 4.00) multiplied by 100))

    

Two holes tested the Megaton IP target, approximately 2.0 km along strike, northeasterly, from the Southeast Zone. These northwest directed holes, MT21-07 and 08, were located approximately 3500 m apart along the southeast side of the IP anomaly. Both holes intersected copper mineralization associated with quartz stockwork similar to the style of mineralization at the Southeast Zone.

 

The highly anomalous presence of molybdenum (MT21-07: 1.36 m of 0.779% Mo from 288.37 m and 1.26 m of 3.48% Mo from 313.28 m) suggests that these holes are into a peripheral zone of the occurrence and are comparable to holes just outside the main body of the Southeast Zone.

 

The Megaton IP target suggests that the Southeast Zone mineralizing system continues for 2 to 4 km to the northeast and further drilling will be needed to adequately explore the Megaton Target area.

 

The significant mineralized intercepts are shown in the table below.

 

Hole ID

From (m)

To (m)

Interval (m)

Cu (%)

Au (g/t)

MT21-07

162.00

255.00

93.00

0.13

0.01

           

MT21-08

165.00

222.00

57.00

0.18

0.01

  

Glen Garratt, P. Geo., is the qualified person who takes responsibility for this news release.

 

Glen Garratt

 

Glen Garratt, P.Geo., VP, Director

Consolidated Woodjam Copper Corp.

  

About Woodjam Copper

Woodjam Copper (TSX-V: WCC) trades on the TSX Venture Exchange and owns a 100% interest in the 64,000 hectare Woodjam copper gold porphyry project located in south-central British Columbia approximately 50 km east of the community of Williams Lake in a low elevation flat to undulating landscape, well accessed by logging roads and in close proximity to hydro power. The Woodjam Project hosts the following resources:

 

Zone

Tonnes (Mt)

Cu (%)

Au (g/t)

Cu (M lbs.)

Au (1000 oz.)

Southeast

221.7

0.31

0.05

1,541.9

391.1

Deerhorn

32.8

0.22

0.49

158.2

516.2

Takom

8.3

0.22

0.26

39.7

68.2

 

 These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The tonnes and grade are reported at a USD$8.60/t NSR cut-off and are constrained within an optimized pit shell. NSR calculation uses USD1,650/oz Au, USD3.90/lb Cu and metallurgical recoveries specific to each deposit.For the SE Zone, Au and Mo are not considered reportable due to the uncertainty regarding economic recoveries.

   


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Today’s News

Ameriwest Lithium Awarded Lithium Clay Rights in Arizona

VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF)…

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VANCOUVER, British Columbia, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to announce it has it has been awarded seven exploration permits by the Arizona State Land Department to allow the Company to explore for prospective lithium-bearing clays located on lands in west-central Arizona. The property totals nearly 2,859 acres (1,157 hectares) in Yavapai County. Ameriwest refers to the prospect as the Thompson Valley Hectorite Deposit (“Thompson Valley” or the “Property”).

David Watkinson, President and CEO of Ameriwest stated, “We are pleased to make this, the fourth of a series of lithium exploration properties recently staked by the Company in the United States. This deposit represents prospective lithium sedimentary mineralization with surface or near-surface exposure of lithium-bearing clays, with historic grades reported as comparable to those found in similar sedimentary deposits found in Clayton Valley, NV. Ameriwest’s technical team has put together a series of high-quality exploration properties in an extremely short period of time and each of these properties holds promise for the discovery of lithium and, with exploration success, the potential delineation of mineral resources.”

Surface clay deposits were initially discovered in the area in the mid-1950’s by Joseph Lyles and became known as the “White Hills” deposits. The deposits contain bentonite (montmorillonite) and hectorite clays. The deposits have also been sampled historically and are known to contain lithium. Exploration data from the 1960’s shows lithium content of the bentonite ranges from 0.3 to 0.5% Li2O (1,400 to 2,300 ppm Li), which is similar to the lithium contents for other lithium-clay projects located further north in Arizona (Source: Lithium Bearing Bentonite Deposit, Yavapai County, Arizona, J. J. Norton, Geology Survey Research, 1965). Note that these are historic samples taken prior to the implementation of National Instrument 43-101 (“NI 43-101”), QA/QC procedures are unknown, and Ameriwest’s geologists cannot verify the results. The results do indicate the presence of lithium and warrant the need for additional exploration to evaluate the deposits.

Mining operations in the area began in 1985 at the adjacent Lyles Hectorite Mine and it was reported that a few truckloads of the white clay were shipped per year for limited use as a viscosifier for cosmetics and pharmaceuticals. The mine is currently owned and operated by Vanderbilt Minerals, LLC, a subsidiary of R.T. Vanderbilt Holding Company, a private industrial minerals and chemical company that has operated since 1916 and produces and sells industrial minerals and chemicals on a world-wide basis.

The Lyles Mine is located on a State mineral lease adjacent to Ameriwest’s lithium’s mineral leases and exploration permits. The deposits are shallow, occurring at or near surface, perhaps under a sandy or hard caliche layer. It has been reported that the overall clay sequence is 70 feet (21 m) thick, containing a hectorite bed with a thickness ranging from 8 to 35 feet (2.4 to 11 m). This is supported by an older reference that indicates a thickness of over 40 feet (12 m) as a relatively uniform deposit over the area. Note that the vicinity of Ameriwest’s Property adjacent to the Lyles Mine does not guarantee exploration success or that mineral resources or reserves will be defined. No mineral resources or reserves have yet been delineated on the Property.

Ameriwest will be moving towards a field exploration program of geologic mapping and surface sampling to better define the extent and grade of the deposit. The location has good access and is not far from State Highway 93. A county road passes directly through the prospect in an area known as Thompson Valley. The lands are 120 miles (190 km) north of Phoenix, and a large copper mine is found near Bagdad, AZ 35 miles (56 km) to the northwest.

Greg Bell, P.E. (Arizona), a qualified person under the NI 43-101 instrument, has reviewed and approved the technical content of this release.

Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team or visit our website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field, as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.

On Behalf of the Board of Directors,

David Watkinson
President and Chief Executive Officer

For further information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
info@ameriwestlithium.com
https://ameriwestlithium.com/

About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)

Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring Nevada’s Deer Musk East property, located in the prolific Clayton Valley, totalling 5,600 acres, the Railroad Valley property, totalling 6,200 acres and Edwards Creek Valley totalling 16,940 acres. Additionally, Ameriwest’s current resource portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45% interest.

For more information visit: https://ameriwestlithium.com/.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. 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, except as required by applicable securities legislation.

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.


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Granada Gold Closes $1,350,000 Flow-Through and Unit Private Placement

TheNewswire – September 29, 2021 – Rouyn Noranda, QC – Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (the “Company” or “Granada”) announces that…

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TheNewswire - September 29, 2021 - Rouyn Noranda, QC - Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (the “Company” or “Granada”) announces that the Company has closed a non-brokered private placement by way of issuing 7,857,143 Quebec flow-through units (“QFT Units”) at a price of $0.14 per QFT Unit raising gross proceeds of $1,100,000.  The Company will also be issuing 2,500,000 units (“Units”) at a price of $0.10 per Unit raising gross proceeds $250,000.  The Company is raising a total of $1,350,000.

 

Each QFT Unit is comprised of one flow-through common share of the Company and one half of one share purchase warrant.  Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.20 per share, for a period of two years from closing, subject to TSX Venture Exchange (“Exchange”) approval.

 

Each Unit is comprised of one common share of the Company and one half of one share purchase warrant.  Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.15 per share, for a period of three years from closing, subject to Exchange approval.

 

The proceeds of the FT and Unit Private Placement will be used for surface exploration, trenching, and historical resampling of drill core on the Company’s Granada Gold Property in Québec and for general working capital purposes.

 

GloRes Securities Inc., the lead finder for the financing, was paid $94,500 in cash and 550,000 finder’s warrants.  An additional 175,000 finder warrants were also paid.  The finder’s warrants are on the same terms as the QFT warrants.  The finder’s fees paid in connection with the private placement are subject to Exchange approval.

 

All securities issued in connection with the private placement will be subject to a four‐month and a day hold period expiring on January 28, 2022 in accordance with applicable Canadian Securities Laws.

 

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property, but is not necessarily indicative of mineralization hosted on the company’s property.

 

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

  

Updated Mineral Resource

 

The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release.  The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.

 

Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion

 

Type

Category

Tonnes

Au (g/t)

Gold Ounces

In Pit

Measured1

3,756,000

1.89

228,000

Indicated

1,357,000

2.55

111,000

Measured+Indicated

5,113,000

2.06

339,000

Inferred

34,000

11.29

12,000

Underground

Measured

37,000

4.22

5,000

Indicated

807,000

4.02

104,000

Measured+Indicated

844,000

4.03

109,000

Inferred

1,244,000

6.33

253,000

  1. 1.Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93% 

  2. 2.Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell 

  3. 3.Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes 

 

The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.

 

“Frank J. Basa”

Frank J. Basa P. Eng.
President and Chief Executive Officer

For further information, please contact:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or
Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or
waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its Regulation Service 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 including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Copyright (c) 2021 TheNewswire - All rights reserved.

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American Manganese Announces Resignation of a Director

SURREY, BC / ACCESSWIRE / September 27, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) announces that Kurt Lageschulte…

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SURREY, BC / ACCESSWIRE / September 27, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) announces that Kurt Lageschulte has resigned as a director of the Company, effective immediately, and Mr. Lageschulte has accepted an appointment to the Company's Advisory Board, also effective immediately.

Larry W. Reaugh, President and CEO, says: "Thank you, Kurt, for your five years of service to the Board. While that term may be finished, we look forward to your continued involvement with the Advisory Committee."

About American Manganese Inc.

American Manganese Inc. is a critical metals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

American Manganese's original patented manganese process is the cornerstone technology in the development of the Company's lithium-ion battery cathode recycling process, RecycLiCo™.

On behalf of Management

AMERICAN MANGANESE INC.

Larry W. Reaugh, President and Chief Executive Officer
Telephone: (778) 574-4444 
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com

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", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

SOURCE: American Manganese Inc.



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https://www.accesswire.com/665781/American-Manganese-Announces-Resignation-of-a-Director

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