Featured Image: District Metals’ field team on their Tomtebo property, located in the Bergslagen Mining District in South Central Sweden. (Photo: District Metals, 2020)
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Hello all! News releases have come thick and fast this week, it seems everyone is rapidly picking up the pace and working their socks off. Thankfully for us this means plenty of exciting reading.
Avrupa Minerals (TSXV: AVU, OTC: AVPMF, F: 8AM) announced a 7,000 to 8,000-meter diamond drill program at their Portuguese Alvalade Project which will commence in October. The program aims to test their Sesmarias Cu-Zn massive sulphide discovery along strike in two directions. They will also target several other areas of massive sulfide mineralisation within the 115km2 license area. Alvalade is in the Iberian Pyrite Belt and is prospective for copper, lead, zinc, gold, and silver.
Riverside Resources (TSXV:RRI, OTCQG:RVSDF) announce results of a channel and soil sampling program at The Cuarentas, from which highlights include 9.1 g/t Au over 3.4 m including 32.9 g/t Au over 0.8 m Au, 21.7 g/t Au over 1.6 m, and 6.3 g/t Au over 1.2 m. The results feed into their Santa Rosalia targets knowledge base and will help inform drilling when the time comes.
District Metals (TSXV:DMX, F:DFPP) reported on 3D modelling of their Tomtebo project, Sweden, which will form the basis of drill permit applications later this year. The model has been constructed from historic data and shows the polymetallic mineralisation beneath the historic Tomtebo mine. See Spotlight coverage of Tomtebo below to learn more.
Altus Strategies (AIM:ALS, TSXV:ALTS) announce that they began drilling at the Lakanfla gold project, western Mali, where they will conduct 3800m of drilling financed by their JV partner Marvel Gold Ltd. Lakanfla is host to a karst-style geological model and has a lot of artisanal gold workings.
UK Government hesitates on the approval of Cumbria’s new coal mine - and that is pretty much it for updates on this story.
Going for gold - the merger between Northern Star and Saracen will place them in the top 10 gold producers with significant production areas of Kalgoorlie, Yandal (both WA) and North America. They are aiming to produce 2Moz of gold per year in tier 1 jurisdictions. Merger proceedings will begin in early 2021.
Something different for this week - More than 20 organisations have so far signed a statement by the Alliance of Responsible Mines (ARM) which encourages the gold and jewellery industry players to integrate sourcing from responsible artisanal and small-scale mining, which is estimated to employ 42 million people globally. ARM have their own initiative, Fairmined, to assure consumers of a responsible source of artisanal gold.
Fairmined is an assurance certification that tells you the gold you are purchasing is from small-scale and artisanal gold mine that is responsibly (socially, environmentally, and ethically) managed and individually empowered. More information is, as always, below.
14th October, 07:00 GMT - The Northwest Queensland Mineral Province Deposit Atlas and 3D Compilation: documenting the haloes and signatures of major deposits. By Paul Gow. Ore Deposits Hub talks.
14th October, 16:00 GMT - Canadian Cordilleran Ni-Mo-Zn-Pt-Pd & Slave Craton VMS. By Mike Gadd and Bernardette Knox. Ore Deposits Hub talks.
16th October, 08:45 BST - The Financial Times Commodities Mining Summit.
16th October, 16:00 AEDT - The Future of Geoscience Education in Australia. By Richard Lilly. A GeoHUG conference followed by Q&A and networking.
Wishing you all a happy week.
FT Commodities Summit: https://mining.live.ft.com/
Ore Deposits Hub: https://oredepositshub.com/upcoming-talks/ (remember, they are also live streamed on YouTube and made available afterwards!
Avrupa Minerals: https://bit.ly/33Me08Q (NR)
Riverside Resources: https://bit.ly/2GPQ0bV (NR)
District Metals: https://bit.ly/3nDNDd9 (NR)
https://bit.ly/3jMwoUp (Spotlight on Tomtebo)
Altus Strategies: https://bit.ly/2GA1cJZ (NR)
ARM and Fairmined: https://bit.ly/3jOARGa
Northern Star/Saracen Merger: https://bit.ly/3k0HG7X
Spotlight Mining share and produce articles of interest for companies in the junior mining and tech sectors. While we're keen observers, we are not financial advisors, in fact we're not even very good investors ourselves. We encourage you to do your own due diligence and seek professional advice on the risks, before investing any funds. Only ever invest what you can afford to lose.
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