The Monday Post 4

Another week is upon us! Look at these things that have happened...

Featured Image: our favourite rockhound Sitka is excited about MTB Mobilising second rig to American Creek (Photo: MTB, 2020)

COMPANY UPDATES:

Mountain Boy Minerals (TSXV:MTB, FSE:M9UA) have brought a second drill rig onto their American Creek project to fast track their 4000m drill program, which is testing their current geological model at 3 different targets. The large property is thought to be prospective for more than one deposit type. I spoke to MTB recently about the project, read more HERE.

Cabral Gold (TSXV: CBR, OTC:CBGZF) report results of a channel sampling program at Jerimum North, Cuiú Cuiú. Highlights include 5.3m at 24.0 g/t Au. NE-trending mineralisation is concordant with other highly prospective trends and is hoped to be related to samples at 966.2g/t, 331.7 g/t and 55.4 g/t Au found 130m to the NE.

“…we continue to unravel the high-grade potential of this district.” Alan Carter, Cabral’s CEO.

Capitan Mining (TSXV:CAPT) have received drill permits for their Peñoles gold-silver Project (Mexico), and begun their maiden drill program (6,000m, RC drilling). The intention here is to expand the current inferred resources by targeting strike extensions where mineralisation remains open.

Great Thunder Gold Corp. (CSE:GTG, OTC:GTGFF, FSE:M4KQ-FF) reported promising results from recent analysis of their airborne geophysical surveys taken at both their Northbound and Southern Star projects. Several structures of interest have been identified, as well as 5 conductive zones. Northbound and Southern Star are located in the Abitibi Belt and are being explored for gold and gold and silver, respectively.

Mawson Gold announce diamond drilling and geophysical surveys have launched at their exceptional projects in Northern Finland NR

Mawson's team prepare for another day on their Lapland properties.
Mawson's team prepare for another day on their Lapland properties. (Mawson/Spotlight 2020)

INDUSTRY NEWS:

Rough month for Rio (and rightly so). Following a heavy lambasting and resignation of their CEO, Rio Tinto are now being accused of environmental and human right violations at their closed Panguna Mine, Papua New Guinea. Residents on the island of Bougainville are living with copper-poisoned rivers and dust pollution which is causing significant health conditions. Tailings piles are causing river flooding which has destroyed sacred sites.  The issue is filed with the Australian National Contact Point.

Coal controversy continues in the UK as the Cumbria Council approved a deep underground coal mine, the UK’s first in 30 years. The project is located in north-west England and is operated by West Cumbia Mining, who state the mine will produce 8t of carbon a year. Although expected to create 500 jobs in a less economically advantaged area of the UK, objectors maintain it will set back the UK’s goal to reach net-zero carbon emissions by 2050. Coal has been off the hot list for a while now, so creating a convincing argument to government and the public will potentially prove difficult. Especially as the government have already pegged themselves as environmental world leaders, will host COP26 in 2021 and are backing the buzz about the UK developing a sustainable lithium supply chain for renewable energy technology. Much of the coal from the mine is coking coal for industrial manufacturing but genpop will be perhaps unaware of the necessity for this and question the logic of developing a coal mine that will last well into our promised greener decades.

Trump makes one sensible decision in declaring a national emergency (although that may be a bit dramatic) for the country’s mining industry. In his never-ending tirade against China, President Trump’s latest move, and one we can all agree with, is to divorce the USA’s rare earth element dependency from China’s processing capabilities and therefore market price monopoly. He wants to see if the USA’s Defence Production Act can fast track mine development and has recognised the increasing importance of REEs for advancing technology, despite his inability to recognise the need for greener technology.

EVENTS:

Wednesday 7th, 8:00 GMT - ‘Kimberlites and Diamond occurrences in the Democratic Rebulic of Congo and Future perspective’ By Fillsmith Luzolo AND ‘Nova-Bollinger Ni-Cu Sulfide Ore Deposit, Fraser Zone, Western Australia: Mineralogy, Textures and Geochemistry’ By Valentina Taranovic.

Wednesday 7th, 16:00 GMT - ‘Intrusion-related gold systems in Côte d’Ivoire, the Bonikro deposit story’ By Zié Ouattara AND ‘Iron ore deposits in Central Africa: current knowledge and perspectives’ By Ganna Sylvestre.

Friday 9th, 16:00 AEDT - ‘The Mineral System Concept: The Essential Key to understanding and targeting for Mineral Deposits’ By Jon Hronsky followed by a Q&A.

See you all next week!

Esme

 

Further information:

Event Sign-ups:

Ore Deposits Hub:
https://oredepositshub.com/upcoming-talks/ - also live streamed on Youtube.

GeoHUG:
https://geohug.rocks/9-october-australia

Mountain Boy Minerals:
https://www.mountainboyminerals.ca/mountain-boy-adds-second-drill-rig-to-american-creek-project/

Cabral Gold:
https://www.cabralgold.com/news-releases/2020/cabral-gold-identifies-new-high-grade-veins-and-adds-second-drill-rig-at-cuiu-cuiu-gold-district-1/
https://spotlightmining.com/uncategorized/project-of-the-week-cabral-golds-cuiu-cuiu-project-brazil/

Capitan Mining:
https://capitanmining.com/news/news-2/543-apitaniningnceceivesrillermitandom mencesri20200929070000.html

Great Thunder Gold Corp:
https://greatthundergold.com/great-thunder-gold-reports-interpretation-of-airborne-surveys-on-its-projects-in-the-fenelon-gold-camp-quebec/

Rio Tinto:
https://www.nytimes.com/2020/09/30/world/australia/rio-tinto-abandoned-mine-poison-rivers.html

America on REEs:
https://www.mining.com/trump-issues-new-order-to-spur-rare-earths-mining/

https://www.forbes.com/sites/jimvinoski/2020/04/07/the-us-needs-china-for-rare-earth-minerals-not-for-long-thanks-to-this-mountain/

 

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.