The Monday Post 15

21 December 2020

 

Featured Image: Introducing Spotlight Environment at Spotlight Christmas Bonanza.

COMPANY UPDATES

Melkior Resources (TSXV:MKR, OTC:MKRIF) announced the results of their summer till survey at the company’s 100%-owned Maseras property, located in the Urban Barry Gold Camp, Quebec. The property is along trend from major deposits such as Windfall and Barry, as well as several multi-million-dollar exploration campaigns and is prospective for gold and base metals. Combination of the new results with 2019 results indicates a possible mineralisation source, where the company will surely drill in their January 2021 drill program.

Brixton Metals (TSXV:BBB, OTCQB: BBBXF, GR:8BX1) announced assay results from soil and rock sampling conducted earlier this year at their 100%-owned Thorn Cu-Au-Ag Project in BC’s Golden Triangle. The encouraging results have defined numerous new Cu-Au targets and included highlights such as 81 rock samples with > 1g/t Au, 2298 soil samples with > 100ppm Cu, and 68 rock samples with > 1% Cu. The company are targeting sediment-hosted gold, high grade Ag-Au-Cu bearing veins and breccia zones, polymetallic breccia zones, and disseminated porphyry Cu-Ag-Au mineralisation, as all types are present in their area.

“The new total number of copper-gold targets at the Thorn Project now stands at 9, significantly increasing the probability of making a major discovery along its 75-80km of favourable geology.” Gary Thompson, CEO Brixton Metals.

Serengeti Resources (TSXV: SIR) announced first assay results from their 2020 in-fill drill campaign at their advanced resource-stage Kwanika Project in the Quesnel Trough, Canada. Highlights from the drilling include 698m @ 0.4% Cu, 0.65 g/t Au, and 1.9 g/t Ag as well as 149.6m @ 0.15% Cu, 0.2 g/t Au, and 0.6 g/t Ag. The project currently has 223.6Mt measured and inferred reserves at 0.41% CuEq, 0.25 g/t Au, and 0.87 g/t Ag as well as 90.4Mt inferred resources at 0.26% CuEq, 0.17 g/t Au, and 0.6 g/t Ag.

NuLegacy Gold Corp. (TSXV: NUG, OTC: NULGF) reported the completion of the first 4 of 16 holes in their reconnaissance drill program at the untested Rift Anticline exploration target. The target is one of 3 main areas in the company’s Red Hill Property in Nevada, USA. Thus far, the core is showing strong evidence for presence of a high-grade gold deposit including intense structural deformation and alteration as well as up to 175m thick horizons of favourable stratigraphy.

“There are numerous subtle signs in the geology and geochemistry of these results… that indicate there is a significant gold deposit ‘lurking nearby’.” Ed Cope, Director of Exploration, NuLegacy Gold.

INDUSTRY NEWS

Greenland grows sector. Last week, Greenland granted Bluejay Mining an exploitation license for the Dundas Ilmenite Project. The deposit will be a significant source of titanium for the global market and is expected to produce 440kt per annum for 11 years, although the license permits extraction for 30 years. The awarding of this license is in line with Greenland’s recent increased involvement in the minerals sector (Figure 1) arising from an interest in diversifying REE supply chains from China and exploring their natural wealth[1][2]. Recent developments for their domestic sector includes the Kvanefjeld REE and Uranium Project (Greenland Minerals) which has over 1bt of JORC mineral resources and if extracted would the largest producer of REEs in the western world with uranium, potash, and fluorspar produced as by-products. The independent ESIA for Kvanefjeld was recently approved by the government, and although conflict remains over the project a large milestone like this is promising. With increasing pressure on the sector to deliver necessary natural materials in a sustainable, conscious, and low-impact manner the significance of Greenland’s under-explored mineral wealth cannot be ignored.

READ MORE

Some interesting things you may have missed

  • The Spotlight Mining Christmas eConference! If you missed our live conference yesterday, you can watch it here. Participant companies include Mountain Boy Minerals, Riverside Resources, Spotlight Environment (Coming soon!), Warrior Gold, Enduro Metals, Contact Gold, Origin Exploration, EMX Royalty Corp, VanGold Mining, Josemaria Resources, and Mammoth Resources. Further talks given by Florian Grummes and Trevor Hall reviewing the year 2020
Figure 1. Graph showing increasing licenses by mining sub-sector in Greenland. Source: https://www.ggg.gl/project/
  • Rare Earth producers aim to agree global environmental standards in 2021. By Reuters. Read it here on Mining.com.

EVENTS

December 24th - 26th - Eat, Drink and Be Merry. That is all!

Wishing everyone a happy, safe, and restful festive period.

Esme

Posted in Spotlight Round-up

Esme Whitehouse View posts by Esme Whitehouse

BSc Geology at the University of Brighton and MSc Exploration Geology at Camborne School of Mines. Now working as a junior geologist alongside in West Africa with Origin Exploration.