Happy Monday all! Some exciting news releases from a few of Spotlight’s friends to share with you this week.
Featured Image: Cornish Lithium's drill. (Photo: mining.com)
Mawson Gold (TSXV:MAW, FSE:MXR, PK:MWSNF) have entered the Whroo Goldfield in Victoria via a joint venture agreement with Nagambie Resources. The property is 199km2 and contains the 9km Whroo trend which is host to one of the most significant epizonal goldfields in Victoria, Australia. The move increases their Victorian portfolio by 73%. Read more about Mawson’s presence in Victorian goldfields - covered by Spotlight below.
CanAlaska (TSXV:CVV, OTC:CVVUF) have increased their land at their NW Manitoba project. An additional 9,540 h has been staked just northeast of their current claims. The newly acquired land is host to several significant structures including the Maguire Fault which is analogous to the Collins Bay Fault system which hosts a nearby uranium deposit. Read about CanAlaska’s McArthur Uranium project, covered by Spotlight below.
Salazar Resources (TSXV:SRL) and Adventus Mining (TSXV:ADZN, OTCQX:ADVZF) have restarted drilling at the Curipamba project, Ecuador. Drilling will investigate exploration targets as well as provide support for the El Domo deposit feasibility study. Read Spotlight on Salazar’s other project, Los Osos below!
District Metals (TSXV:DMX, FRA:DFPP) reported encouraging results of their SkyTEM survey conducted on the former Tomtebo Ag-Au Mine area. A 3km long trend of conductive anomalies and magnetic highs was identified. The lithologies investigated are not naturally conductive or magnetic and so results are indicative of mineralisation. Read more about Tomtebo in our Project of the Week feature article below!
“These geophysical anomalies are positive indications of the potential for additional discoveries across this defined 3 km trend.” Garret Ainsworth, District Metals CEO.
Beryllium! A discovery by Chinese survey teams of a potential 4,000 tonne beryllium deposit in the Xinjiang region is more significant than you might think. The metal is used in missiles, aviation, metallurgical industry, medical technology, and satellites (I had no idea!). It is also very rare. Only the US and China produce significant amounts of Beryllium and the former is estimated to have only 20,000 tons (Resources & reserves). The importance of this potential discovery is therefore evident, and this is coming in the midst of active global efforts to reduce China’s dominance of the rare earth and critical metal supply chain.
Papua New Guinea take back the power at the Barrick-operated Porgera gold mine. In order to distribute the economic benefits of the large gold mine more fairly, Barrick have preliminarily agreed to give Papua New Guinea a significant share in the mine. In return, the mine can re-enter operation which was suspended in April. The mine produced 284,000 oz of gold in 2019 and has 3.6Moz of resources (Measured & Indicated). Nothing concrete has been agreed as of yet but is it certainly on the cards.
Cornish Lithium raised £5.2m through crowd funding. Jeremy Wrathall (CEO) says that because they raised so much more than expected, plans for a Cornish-based lithium extraction industry can be accelerated. Some of the money will also go towards further drill testing in southwest England.
“…provides us with a once-in-a-lifetime opportunity to catalyse commercial production and establish the UK’s battery metals hub here in Cornwall.” Jeremy Wrathall, Cornish Lithium CEO.
19th October, 09:00 BST - LME Seminar: Diversity and Inclusions: Making Positive Change For Our Industry.
21st October, 07:00 GMT - Olympic Dam Geometallurgy: using mineralogy to predict metallurgical performance. By Kathy Ehrig. Ore Deposits Hub
21st October, 16:00 GMT - The tops of alkalic Au-Cu porphyry systems: Exploration challenge and exploration opportunity. By Alan Wilson. Ore Deposits Hub
23rd October, 16:00 AEDT - Translating research into discovery. By Rick Valenta. Event followed by virtual happy hour with Q&A and networking. A GeoHUG event.
Wishing you all a lovely week.
All events have free registration!
Ore Deposits Hub:
https://oredepositshub.com/upcoming-talks/ (all talks also live streamed on YouTube and published there after)
Salazar & Adventus:
https://bit.ly/2T6C3ZK (The partnership)
https://bit.ly/31gte40 (El Domo)
https://bit.ly/35dIe3Q (Los Osos, Salazar, Spotlight coverage)
Papua New Guinea
https://bit.ly/3lYbZg2 (Barrick, The Porgera Mine)