The Monday Post 12

Featured Image: Modern Mining & Technology Sudbury co-chair, Nicole Tardif, presents to a group of young people at a university event. (Photo: MMTS)

COMPANY UPDATES

Vizsla Resources (TSXV: VZLA, OTCQB:VIZSF, F:0G3) announced assay results of 18.15m @ 457 g/t AgEq and 5.95m @1,208 g/t AgEq (m = downhole width) from the first drillhole in their current program which is testing closely-spaced veins in a new target area at their district-scale Panuco Au-Ag project in Sinaloa, Mexico. The project lies in the undrilled Cordon del Oro corridor, just 5km from a previous Vizsla discovery, Napoleon.

Anaconda Mining (TSX:ANX, OTCQX:ANXGF) provided an update on optimization of their 100%-owned Goldboro Gold project in Nova Scotia, Canada. An ongoing DFS recommended several points of work to optimise the project and add value, including a 15,000m drill program to update the mineral resource estimate from inferred to indicated. Potential aspects for value addition include discovery of shallow low-grade mineralisation and acknowledgement that mineralisation is continuous between the 3 recognised gold zones. The announcement shortly follows reporting of drill assays including 2m @ 28.52 g/t Au and 4.5m @ 3.99 g/t Au.

Namibia Critical Metals Inc. (TEXV:NMI) announced numerous highlights of their Lofdal Heavy Rare Earth Project including positive results from their 14,000m diamond drill program that confirm heavy REE mineralisation at district scale, an extension on their Area 4 target which remains open, continuation of drilling through to February, and expected delivery of a mineral resource estimate by end March 2021. REE mineralisation is carbonatite-hosted and has shown grades on between 02 and 3 % TREO.

Cabral Gold (TSXV:CBR, OTC:CBGZF) announced that they have raised $4.5m which will allow them to complete their current exploration drill program at Cuiú Cuiú into 2021 and will therefore allow the flow of news as results continue to be produced. The money was raised through the exercise of 22,296,832 share purchase warrants. Spotlight recently provided an update on Cabral’s activities, you can read it here to get up to speed.

INDUSTRY NEWS

There has been a resurgence of interest from Zacatecas state officials in the approval by Mexico’s President of an environmental decree drawn up in 2014. The decree would see a 2.58Mha area of semi-arid desert become a nature reserve. The state is Mexico’s largest silver producer, and despite industry opposition to the decree, it does not aim to eliminate mining activity, only tighten environmental regulation[1] . Although the authors of the decree are separately asking the government to reject new mining concession permits which sends mixed messages[2]. It would be an unrealistic expectation of the Mexican Government to forgo the economic benefits of Zacatecas’ mineral wealth, but more environmental regulation is required everywhere.

Pebble Mine, a proposed operation that would have extracted the gold-copper-molybdenum Pebble porphyry deposit, has been rejected by the US Army Corps of Engineers (i.e. President Trump’s Administration) citing the mine plan’s discordance with the Clean Water Act and the Rivers and Harbors Act[3]. Other objections by the public and environmental and tribal organisations[5] to the proposed development include its potential impact on the world-class salmon fisheries and habitats, water quality, resources for Alaskan Natives, and overall long-term ecological health[4]. The Pebble Limited Partnership offer their plans and thoughts on numerous project aspects on their website, although information is often overly simplistic and deliberately leading. The deposit is significant, amounting to a 57b lb Cu, 71Moz Au, and 3.4m lb Mo of measured and indicated resources[6].

READ MORE

Some interesting things you may have missed

  • Careers in Mining: Collaborate to Educate by Carly Leonida, The Intelligent Miner. Read it here.
  • Lithium Junior Miner News for the Month of November 2020 by Matt Bohlsen, Seeking Alpha. Read it here.

EVENTS

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.

Wednesday 2nd December, 7:00 GMT - Hydrothermal and structural control of the Bou Azzer Co-Ni ore deposit (Anti-Atlas, Morocco) by Enora Tourneur. AND  Sulfate-rich fluids and REE mobilization by Hao Cui. An Ore Deposits Hub Event.

Wednesday 2nd December, 16:00 GMT - A fundamental role of carbonate-sulfate melts in the formation of iron oxide-apatite deposits by Wyatt Bain AND Ni-Cu sulfide mineralization and PGM in mafic-ultramafic complexes (Man Archean craton, western Ivory Coast) by Gouedji Gnamba Emmanuel Franck. An Ore Deposits Hub Event.

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.

Friday 4th December, 16:00 AEDT - How to Start an Exploration Tech Startup: From AI to Drilling Hardware by Roman Teslyuk (Earth AI). Preceeded by Daniel Muggleton stand-up comedian and followed by Happy Hour, Q&A & Networking. A GeoHUG event. Sign up here.

Tuesday 8th December, 14:00 GMT - Business Environment and Attraction of Investments to the Brazilian Mining Sector. An event designed to attract mining investment to Brazil, for more information email laura.queiroz@fcdo.gov.uk.

Wishing you all a happy week as always.

Esme