Tuesday, March 31, 2015

Turkish diaspore

Diaspore is one of the three component minerals of the economically important aluminum ore bauxite.
Though most forms of diaspore are of little interest, large crystals unlike any others were found in Turkey in the 1950's in a commercial bauxite deposit.

This deposit has become the source of mining operations producing gem-grade crystals that are cut into gemstones. The company operating the gem diaspore mine was previously called Zultanite Gems LLC.
Diaspore is beautiful and exotic in a soft, subtle manner. It is also one of the lesser known of the color-change gemstones. Diaspore has good hardness at 6.5-7 on the Mohs scale, but it is known to be brittle and can cleave.

Most diaspore is colorless to very pale. The beauty and intrigue of this gemstone is seen when there is sufficient color saturation to exhibit the color change phenomenon that most diaspore is known for.
A new trade name, Csarite, is now being applied to the mineral. The Courtney Collection has been named as the first authorized distributor of Csarite in the United States.

The Courtney Collection is the new loose coloured gemstone division of the Los Angeles-based Erica Courtney, Inc. It will focus on collectible, rare and interesting gemstones.

Dubai--Two large, rare color-changing csarite gemstones are now in the Smithsonian Institution’s National Gem Collection, thanks to a donation from Milenyum Mining Ltd.

The Dubai-based miner donated the stones, a 44.48-carat faceted oval-shaped csarite and a 159.33-carat cat’s eye cabochon csarite, at the American Gem Trade Association’s GemFair, which took place Feb. 4 to 9 in Tucson.
“To our knowledge, currently there are fewer than 20 faceted csarite gemstones in the world that have a weight of 40 carats and above. Given the rarity of this unusual gem, we feel the Smithsonian’s National Gem Collection is a fitting home for two of the few examples available in this size and quality,” said Milenyum Mining President Murat Akgun.
The National Gem Collection is housed at the National Museum of Natural History in Washington. It consists of over 350,000 mineral specimens and 10,000 gemstones, including the Hope Diamond, making it one of the largest of its kind in the word.

See ----->http://pennystockjournal.blogspot.ca/2014/02/drop-dead-gorgeous-rings-from-erica.html
See ----->http://pennystockjournal.blogspot.ca/2014/12/smithsonian-gemstones.html
See ----->http://pennystockjournal.blogspot.ca/2014/06/national-gem-collection-smithsonian.html

Africa Oil Corp. - AOI.t

Africa Oil Corp. - AOI.t is advancing oil and gas development in Kenya, Ethiopia and Somalia.

On March 11, 2015 the company released NEWS

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to provide an operational update on its exploration activities in Kenya.

The Company is continuing its extensive exploration and appraisal program in the South Lokichar Basin in Blocks 10BB and 13T, which has the objectives of proving reservoir quality and upgrading the resource estimates with the intent of submitting a Field Development Plan ("FDP") to the Government of Kenya around the end of 2015.

The SMP-5 rig recently installed production completions in the Amosing-1 and Amosing-2A wells in preparation for an Extended Well Test ("EWT") of the field and the rig has now been released. The EWT involves production and injection testing to provide dynamic flow characterization of the Amosing field stacked reservoirs. Both wells have been completed in five zones with hydraulically controlled selective completions that permit independent tests of completed intervals without well intervention. Initial clean-up testing has been completed on both wells with excellent results. The Amosing-1 well flowed at a combined maximum rate of 5,600 barrels of oil per day ("bopd") from five zones and the Amosing-2A well flowed at a combined maximum rate of 6,000 bopd from four zones, the fifth zone being in the aquifer. Both wells demonstrated high quality reservoir sands and flowed 31 to 38° API dry oil under natural flow. Pressure data during the initial clean-up flows shows connectivity between the two completed wells in the upper three zones with further production testing required to test connectivity in the lower two zones. These findings support the static pressure data which indicated connectivity between the Amosing-1, 2, 2A and 3 wells in multiple zones. The Amosing EWT forward program is to conduct longer-term flow and water injection tests, commencing mid-March with results expected in the second quarter of this year.




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Monday, March 30, 2015

2016 Corvette Z07

The seventh generation corvette, the 2016 Chevrolet Corvette Z07.

The big reveal officially happened close to the end of 2015 at the Detroit Motor Show. Pricing of the Z07 is expected to be around $100,000.
The 2016 Corvete Z07 will have two engine variants. The first is a 4.5 liter twin-turbo generating up to 500 horsepower. The second will be a 6.2 liter V8 producing over 600 horsepower.

Both engines will be mated with the seven speed Tremec TR-6070 manual transmission and an eight speed Hydra-Matic automatic transmission.
click to enlarge photos

See ----->http://pennystockjournal.blogspot.ca/2015/01/corvette-great-american-supercar.html

Amarc Resources Ltd - AHR.v

Amarc Resources Ltd - AHR.v has made a significant copper-molybdenum-silver discovery at its IKE project.

Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of a porphyry deposit.

Last year, Amarc drilled nine discovery holes (5,400 metres) into IKE. All of the holes intersected chalcopyrite and molybdenite mineralization from surface and over a broad area measuring 1,200 metres east–west by 600 metres north–south and to depths of 500 metres. The mineralization remains open in all lateral directions and to depth.
On January 7, 2015 the media released News
John Kaiser, writing in a Dec. 4, 2014, Bottom-Fish Comment, says Amarc Resources Ltd., seven cents, is a bottom-fish to watch.

Today he is adding the stock to his watch list, based on what appears to be a new major coppery discovery at the company's IKE property in British Columbia. Amarc optioned 80 per cent of IKE in late 2013, and completed its first drilling program in summer 2014; it plans more drilling for summer 2015. "There is a strong likelihood that I will elevate Amarc Resources Ltd. to a formal Good Relative Spec Value Buy recommendation in 2015," Mr. Kaiser says, if the junior can come up with a financing strategy that does not involve heavy dilution at the current price.


On November 27, 2014 the company released News

"Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR; OTCBB: AXREF) announces that it has entered into a $1 million Loan Agreement (the "Loan"), dated November 26, 2014 with a non-arm's length director and officer of the Company (the "Lender").

The Loan is unsecured, will bear interest at a rate of prime plus 2% per annum and is repayable after one year or earlier on the occurrence of a default. In connection with the Loan, Amarc will issue to the Lender a loan bonus of 2,500,000 previously unissued common shares in its capital (the "Bonus Shares"). The Bonus Shares will be subject to a four month hold period commencing from the date of issuance thereof. The Loan and Bonus Shares are subject to acceptance by the TSX Venture Exchange.

The Loan will be used for general working capital for Amarc and to advance exploration of its IKE project where the Company has made a significant porphyry copper-molybdenum-silver discovery (see Amarc news release November 24, 2014).

"The IKE discovery is located 40 kilometres northwest of the historical mining community of Gold Bridge in an area of wide U-shaped valleys bounded by ridges within the Coast Range. This district has long been explored for its numerous showings of copper, molybdenum, gold and silver mineralization. Amarc's discovery core drilling program was located above tree line within a large barren cirque. "


On November 24, 2014 the company released News

"Amarc Resources Ltd. ("Amarc" or the "Company") (TSX-V: AHR;OTCBB: AXREF) is pleased to announce that it has made a significant copper-molybdenum-silver discovery at its IKE Project located approximately 40 kilometres northwest of Gold Bridge, British Columbia. Assay results received from an initial nine hole (5,400 metre) diamond drill program have confirmed the presence of an important porphyry-style deposit.

Highlights from the nine hole discovery drill program include:

•247 metres of 0.42% CuEQ1 @ 0.28% Cu, 0.030% Mo and 2.0 g/t Ag
•234 metres of 0.43% CuEQ @ 0.26% Cu, 0.040% Mo and 1.7 g/t Ag
•92 metres of 0.41% CuEQ @ 0.31% Cu, 0.020% Mo and 2.1 g/t Ag
•194 metres of 0.49% CuEQ @ 0.30% Cu, 0.046% Mo and 0.8 g/t Ag
•308 metres of 0.41% CuEQ @ 0.26% Cu, 0.032% Mo and 1.8 g/t Ag
•97 metres of 0.46% CuEQ @ 0.32% Cu, 0.030% Mo and 2.2 g/t Ag"


IKE - Intrusive Rocks (Hornblende Granodiorite and Quartz-Monzonite) are the Main Hosts for Chalcopyrite and Molybdenite

click to enlarge