Featured Image: Example of MPD-20-005 core. Strongly mineralized quartz veining with chalcopyrite at 405.2 metres reporting 6.59% Cu, 3.90 g/t Au and 19.40 g/t Ag in a sample between 404.4 to 406.7 metres. (Photo: Kodiak Copper, 2020)
Good afternoon, morning, and evening! It has been a busy week for Spotlight HQ, and for everyone it seems as company news flows steadily. Lots of drill results out and about at the moment.
Contact Gold Corp. (TSXV: C, OTCQB: CGOL) announced their financial and operation results from Q3 and from Q1-3 2020. The highlight of these results is the commencement of a 7,000m, 2-rig drill program at their Green Springs property, Nevada, which is a past-producer prospective for gold. The program is focussed on testing the 2.5km brownfields mine trend and several greenfield targets elsewhere on the property. Assays are pending from the 33 holes drilled so far.
Chakana Copper (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) announced a new high-grade discovery at their polymetallic Soledad Project in Peru. The project was recently expanded and is prospective for copper, gold, and silver hosted in quartz-tourmaline-sulphide breccia pipes. The new discovery is at the existing Paloma West target and was defined by a number of high-grade intercepts including 22.65m @ 2.81 g/t Au, 3.8% Cu, and 56.2 g/t Ag. Results are part of their ongoing Phase 3, 15,000m drill program.
Kodiak Copper (TSX-V: KDK) continued to announce the results of their current drill program at their MPD Project in the Quesnel Trough of British Columbia. Most recently they released results from drill hole 5: 192m @ 0.74% Cu, 0.48 g/t Au, and 2.75 g/t Ag including a 45m @ 1.18% Cu, 1.01 g/t Au and 4.00 g/t Ag. Of the 9 holes drilled so far, all have intersected prospective host rocks. More results are expected. To learn more about MPD, see our Project of the Week feature article!
“Hole MPD-20-005 delivered another outstanding drill result from the newly discovered Gate Zone…. The Gate Zone is wide open and we look forward to expanding on this discovery.” Claudia Tornquist (CEO & President, Kodiak Copper)
Enduro Metals Corp (TSXV: ENDR OTC: SIOCF FSE: SOG-FF) reported assay results from sampling of previously unsampled historic core at their Newmont Lake Project in The Golden Triangle, BC. The results, including 156m @ 1.72 g/t Au, 2.59 g/t Ag, and 0.1% Cu, are released as the Company await results from their latest drill program which tested targets beyond the historically explored area. Newmont Lake is a 114km2 project comprising a consolidated package of contiguous claims and 4 distinct depositional environments suggesting district-scale potential. To learn more, see Spotlight’s Enduro partner page or visit their website.
Medallion Resources began their techno-economic assessment of their REE extraction process, a process which will extract primarily Neodymium and Praseodymium from monazite sands. Monazite sands are currently either treated as a waste product or sent China for processing, Medallion aim to resolve both of these. To learn more, look out for this weeks Project of the Week feature.
Anglo American get greener. In a positive move to fulfil their 2040 carbon neutral goal, Anglo American have recently added four LNG fuelled vessels to their fleet. The ships will be used to transport ~5Mt of iron ore from their Brazilian and South African production operations around the world. LNG fuel produces 35% less CO2 than conventional marine fuel, significantly less nitrogen oxides and particulates, and eliminates production of sulphur oxides. LNG fuel is also a commercially available and feasible replacement for conventional fuel and so has no logistical constraints for the company. The chartership will last 10 years and is expected to commence in 2023 once the vessels are built.
Meeting demand. Focus was given at last week’s Explore 2020 conference to the intrinsic role of the mining industry in the energy transition. Of course, as we all know, demand for the necessary metals can increase as much as it likes, we need to find economic deposits and bring them to production. One such avenue for this is seabed mining. The World Economic Forum this month published their first of three papers “about the potential extraction of deep-sea minerals” which calls for the increased participation of companies with the global conversation on environmental impacts, economic feasibility, and technological reality of deep-sea extraction. The United Nation’s International Seabed Authority are key player in the conversation but with extraction on the horizon the industry is at a critical turning point. Decisions before due diligence have never done anyone any favours.
Wednesday 18th, 7:00 GMT - Translating mineral systems into behaviours by Steve Beresford. An Ore Deposits Hub event.
Wednesday 18th, 16:00 GMT - Fluid Evolution in a Tungsten Deposit by Pilar Lecumberri-Sanchez. An Ore Deposits Hub event.
Friday 20th, 16:00 AEDT - Reflections from more than 30 years in the mineral resources sector by Steve McIntosh (Rio Tinto). Stand-up comic beforehand and networking and happy hour after. A GeoHUG event.
 - https://www.isa.org.jm/
http://contactgold.com/projects/green-springs/ (Green Springs)
https://www.chakanacopper.com/projects/soledad-project/ (Soledad Project)
https://www.kodiakcoppercorp.com/projects/mpd/ (MPD Project)
Ore deposits Hub: https://oredepositshub.com/calendar/