Tuesday, August 13, 2019

Sun Metals Corp. - SUNM.v

Sun Metals Corp. - SUNM.v is advancing the flagship Stardust property in central B.C.

On August 13, 2019 the company released NEWS
Sun Metals Corp. reports the initial results from step-out drilling in the 421 zone at its 100% owned Stardust project in northcentral British Columbia. The first three holes reported from Stardust have all intersected significant copper gold mineralization. Sun Metals believes the results confirm continuity of mineralization down dip and to the south from drill hole DDH18-SD-421, the initial discovery hole in the 421 zone.

Drill hole DDH19-SD-428D was drilled on section 2125N and returned 142.35 metres(1) of 1.22 percent (%) copper, 1.28 grams per tonne (g/t) gold, 21.8 g/t silver and 0.41% zinc. In metal equivalent terms, this polymetallic interval is 2.39% copper equivalent (CuEq)² or 3.83 g/t gold equivalent (AuEq)²






Wednesday, August 7, 2019

Pure Gold Mining Inc. - PGM.v

Pure Gold Mining Inc. - PGM.v is advancing the Madsen Mine.

The Madsen Mine produced more than 2.4m ounces, making it the second-largest historic Red Lake gold producer. Resources are 1,744,000 ozs at 8.7 g/t Gold in 6.24 Mt Indicated and 296,000 ozs at 7.9 g/t Gold in 1.16 Mt Inferred.
On Aug 7, 2019 the company released News

Pure Gold Secures US$90 Million Construction Finance Package And Announces Construction Decision For Madsen Red Lake Mine

Pure Gold Mining Inc. is pleased to announce closing of a US$90 million project financing package with Sprott Resource Lending Corp. The Financing will fully fund the costs to develop an underground mine at Pure Gold’s Madsen Gold Project. The Financing is comprised of a credit facility for US$65 million, and a US$25 million callable gold stream.







Saturday, August 3, 2019

First Vanadium Corp - FVAN.v

First Vanadium Corp - FVAN.v is advancing the flagship Carlin Vanadium Project. The Carlin Vanadium Project contains one of North America’s largest, richest known primary deposits of vanadium.

First Vanadium also owns 100% of the West Jerome property.


On March 19, 2019 the co released News

First Vanadium Corp. has more than doubled the size of its Carlin vanadium property from 1,331 acres to 3,177 acres. The Company has staked and filed with the Bureau of Land Management (BLM) 1,846 acres of unpatented lode claims over Federal lands adjacent to and proximal to the original core claims.
___________________________________________
On February 27, 2019 the co released News

First Vanadium Corp. Announces Maiden Mineral Resource Estimate at Carlin Vanadium Project, Nevada

First Vanadium Corp. is pleased to announce that SRK Consulting (U.S.), Inc. ("SRK") has completed an independent National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate (Table 1) on the Carlin Vanadium deposit located 6 miles south of Elko, Nevada. The mineral resource estimate replaces the 2010 SRK historic mineral resource estimate.
Table 1. Carlin Vanadium Mineral Resource Statement at 0.3% V2O5 Cut-off grade (CoG) (Effective Feb. 1, 2019)
ClassificationCoG
(% V
2O5)
Grade
(% V
2O5 )
Tons 
(in millions)
V2O5 lb
(in millions)
Indicated0.30.61524.64303

Inferred0.30.5207.1975




Click - See---> https://www.vanadiumprice.com/







Monday, July 22, 2019

Gold Mining in Sudan - terra incognita

Despite its political instability, Sudan and South Sudan’s geology hosts high quality gold deposits.

The Blue Nile and the White Nile join forces at Khartoum. It slowly makes its way through the ancient Kingdom of Kush, before releasing Sahara sediment into the Mediterranean. From the confluence at Khartoum, the river is known as the Nile.
The gold deposits in Sudan look impressive; however, the issue will always be about risk. The fact not enough modern exploration has been undertaken in Sudan, and specifically South Sudan, is why the area is attractive.

South Sudan is considered terra incognita with regard to its economic geology, and infrastructure doesn't exist. A high risk region like Sudan demands a significant premium with higher returns and a shorter investment period.
Despite Sudan’s potential, there is an absence of large exploration projects and operating mining companies. Apart from small and artisanal mining in the south, no other mines are operating in the region. In the north, closer to Khartoum, the government owned Ariab Mining Company (AMC) has been operating the Derudeb and Hassai mines for more than two decades.

Sudan is not only blessed with gold. Beryl is found in the pegmatite of the Bayuda desert in central Sudan and chromite occurs in the Ingessana Hills. Copper with grades of 4.1% was mined 200 years ago in the Hofrat En Nahas deposit, while iron (Fe) deposits are located in the area of Jebel Abu Tulu.
Two years ago over 100,000 people fled a battle over a gold mine between two Arab communities in Sudan's Darfur region. The fighting broke out in the Jebel Amir gold mining area.

The fight was between the Beni Hussein, who are largely cattle herders, and the northern Rizeigat, a powerful tribe known for its camel herding. Scores of people were killed and dozens of villages burned. Members of the Beni Hussein tribe accused government forces of helping the Rizeigat.
Sudan expects to produce 50 tonnes of gold this year, earning $2.5 billion. The country is seeking to offset the loss of most oil reserves when South Sudan became independent.

Sudan is boosting production of gold and other minerals to gain new sources of state income and of foreign currency needed to fund imports. Output of 50 tonnes could potentially make it Africa's third largest gold miner behind South Africa and Ghana, and push it into the top 15 producers globally.
Sudan is among Africa's poorest countries, but is sitting on top of perhaps the largest gold reserves in the continent, according to a recent survey by Arab League's Arab Industrial Development and Mining Organization (AIDMO).