Featured Image: Drive to Riverside Resources' Cecilia Project, Mexico (Photo: Spotlight Mining, 2020)
Hello again all. A lot of interesting events to get your teeth into, as well a new section of interesting reads you may have missed.
Bluejay Mining (AIM: JAY, OTCBQ: BLLYF) announced the commencement of their fieldwork and drill program at their 100%-owned Hammaslahti project in Finland. Prospective for copper, zinc, gold and silver, the large-scale project area will be subject to more than 4000m of diamond drilling over the course of the field program. It is thought that Hammaslahti could move to updated mineral resources relatively quickly. Hammaslahti is held by Bluejay through their 100% Finnish subsidiary FinnAust Mining Finland Oy.
Riverside Resources (TSX.V:RRI, D:5YY, OTCQB:RVSDF) provided updated results from their channelling sampling at their Cecilia Project which they operate with their partner Carlyle Commodities Corp. They assayed 48.3 ppm gold over a 0.75m channel hosted in silicified rhyolite and have previously assayed 43.2 ppm Au over 0.4m and 5.6ppm Au over 0.6m. Cecilia is located in Sonora is northern Mexico and is prospective for low sulphidation epithermal Au-Ag mineralisation. Work is underway to prepare the area for an upcoming drill program.
Mountain Boy Minerals (TSX.V:MTB) announced that they have closed on a private placement of $1,675,800. Gross proceeds from the transaction will be allocated to exploration expenditure including work at their large-scale American Creek project located in the prolific Golden Triangle, BC. American Creek is a 2,602ha area prospective for epithermal precious and base metal deposits, intrusion related precious metal deposits, and porphyry copper-gold deposits.
Lithium legacy. The recognition of the critical battery metal keeps increasing it would seem. Last week Mexico’s ruling political party, the Morena Party, introduced a draft bill which would see all Lithium in the country become the exclusive property of the state. While this may seem like an insensible economic move, the head of the Senate’s finance commission Alejandro Armenta says it is a move focussed on ensuring mining regulation and reducing global exploitation of Mexico’s resources. Sonora, northern Mexico, is home to the world’s current largest Lithium Project at 4.52Mt of proven and probable reserves (Baconora Minerals) and a resource life of 200 years. Resource nationalisation has been on the horizon for a while in Mexico but introducing the bill is the first definite move towards doing so. It is a controversial to many, but taking control of their own natural wealth, and of an in-crowd commodity at that, is an astute way to aid their own economy. The energy transition has sparked a rapid perspective shift for Lithium-rich countries such as Bolivia, learn more here.
A new space race? ESRIC. The European Space Resources Innovation Centre. This newly founded institution for the future has been established by the ESA and Luxembourg to become a central hub of expertise on space’s resources, such as lunar water and minerals and metals in asteroids. A short-term goal of ESRIC is to set up research teams for the entire value chain of exploration to extraction to production and usage. I’m admittedly sceptical about the whole space mining affair, but I’m certainly interested to learn more of the realities of the venture and what it would mean for the industry. I am already imaging QGIS Moon Edition.
“There are plenty of resources out there. It is time to take care of it,” said Jan Wörner (Director General, ESA)
Some interesting things you may have missed
- “Africa’s Mineral Wealth Gives It Key Role in New Global Economy” By Christopher Vandome and Lawrence Dechambenoit, Chatham House. Read it here.
- “Biotechnology: Using Microbe as Mining Equipment” By Carly Leonida, The Intelligent Miner. A very interesting and unusual read, check it out here!
24th - 26th November: Exposibram 2020: Brazilian Mining Expo & Conference. A 3-day event held entirely online that aims to the importance of mining for Brazil’s socioeconomic development, generate long term business opportunities, attract the interest of companies and investors to Brazilian mining, encourage geological research, open job opportunities in multiple levels and stimulate the emergence of new production chains in various sectors of the Brazilian economy. Register for the event here.
Wednesday 25th, 7:00 GMT - Mining waste: Challenges and Opportunities by Anita Parbhakar Fox. An OreDeposits Hub Event.
Wednesday 25th, 16:00 GMT - Exploration implications of the diverse origins of advanced argillic alteration by Antonio Arribas. An OreDeposits Hub Event. Register an account to sign up, and don’t forget you can catch them on YouTube after the event.
Friday 27th, 16:00 AEDT - Exploration Radio: A 30-year-old and a 50-year-old walk into a mining company… by Steve Beresford and Ahmad Saleem. Followed by Happy Hour, Q&A, and Networking. Set to be a fun one! Sign up here.
Tuesday 1st December, 18:00 GMT: London South East Investor Webinar & Question Time. Speakers from Cora Gold, Zephyr Energy, Power Metal Resources and VR Education. Sign up here! and if you want to learn more about Cora Gold prior to the event, check out our Spotlight coverage.
3rd - 4th December: Can mining make the world a greener place? A forum for discussion and debate with panelists including John Elkington (Volans), Peter Harvey (Rio Tinto), and Georgette Barnes Sakyi-Addio (WIM Africa President). Hosted by Infact, NHM and Pacific. To learn more and sign up, click me.
Wishing you all a happy week as always.