Beiträge von Minehunter
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Halloysite-kaolin: an emerging material with unique properties making it suitable for green-technology applications,
Proactive "investigates the new and exciting world of halloysite-kaolin, the little-known mineral with game-changing potential"
[Blockierte Grafik: https://www.proactiveinvestors…51b3f30a6337cf8b7a06f.jpg]
http://www.proactiveinvestors.com.au/companies/news/959979/h…"You may have heard of kaolin — an industrial clay often referred to as ‘China Clay’ after its discovery more than 1,000 years ago.
Kaolin has a broad spectrum of applications and is most notably used as
an additive in a wide range of everyday products, including paper,
ceramics, paints and rubber.
New uses for kaolin continue to come to light, ensuring the material will garner strong global demand for years to come.
But it’s halloysite, a mineral that’s part of the same subgroup of clay
minerals as kaolinite, that has researchers (and investors) interested.
Halloysite is coming to the fore in specialised green technologies and
other cutting-edge applications, exposing the material to lucrative and
exciting new markets including batteries, supercapacitors, and cancer therapeutics.
It is now also highly sought after in the medical field for biomedical
applications with uses for drug delivery, gene delivery, tissue
engineering, cancer and stem cells isolation, and bioimaging.What’s the deal with halloysite?
Halloysite’s tubular microstructure – naturally occurring hollow
nanotubes that are imperceptible to the human eye — make halloysite a
unique mineral with highly desirable properties.
Features such as a high surface area to unit weight ratio, high porosity
and differential charge capabilities between inner and outer surfaces
have led researchers to discover its suitability in high-tech processes
and end-uses such as carbon capture and conversion, hydrogen storage,
water remediation and nanotechnology.[Blockierte Grafik: https://www.proactiveinvestors…0picture%20one%20edit.jpg]
- Pure kaolinite, hybrid kaolinite-halloysite and pure halloysite. Source: Minotaur Exploration. -What should get potential investors excited is that halloysite and
hybrid halloysite-kaolin is far more valuable than regular kaolin, as
well as the scarcity of large, commercial deposits of halloysite nanotubes.
Pure halloysite sells for up to US$5,000/tonne, compared to a
kaolin/halloysite hybrid, which fetches between A$500 and A$1,000/tonne,
and pure kaolin going for A$300/tonne.The Andromeda effect
One company looking to fill the gap in the market is Andromeda Metals Ltd (ASX:ADN), an Australian exploration company that, in a joint venture partnership with Minotaur Exploration Ltd (ASX:MEP), owns the Great White Project.
Great White is described as a world-class deposit with a JORC estimated
resource of 34.6 million tonnes, hosting rich quantities of both
halloysite and kaolinite on the Eyre Peninsula in South Australia.The resource at Great White includes 17.4 million tonnes of minus
45-micron quality kaolin product and contains two sub-domains: a
halloysite zone of 15.9 million tonnes and an ultra-bright high-purity
kaolin zone of 1.2 million tonnes.In an interview with Proactive, Andromeda Metals managing director James
Marsh said that while it has been difficult educating the Australian
market about the product, there’s been a recent surge in interest
following work on new avenues to market.[Blockierte Grafik: https://www.proactiveinvestors…0picture%20two%20edit.jpg]
Halloysite-kaolin refined noodles. Source: Andromeda MetalsBack in March, Andromeda and Minotaur signed a binding offtake agreement
with Japanese porcelain manufacturer Plantan Yamada, which has
factories in Japan and China.
The agreement covers 5,000 tonnes per annum of Great White CRM high-quality halloysite-kaolin, priced at A$700/tonne.
Nevertheless, in the fast-moving nanotechnology market, prices are exponentially higher.Nano-technology and green-technology applications
According to Grand View Research, the nanotechnology space was worth
US$8.5 billion in 2019 and is expected to grow at a compound annual
growth rate (CAGR) of 13.1% from 2020 to 2027.
Natural Nanotech (NNT), a research vehicle jointly formed by Andromeda
Metals and Minotaur Exploration, has spent the last few years looking
into new and emerging applications for halloysite-kaolin nanotubes (HNT)
with the University of Newcastle’s Global Innovation Centre for
Advanced Nanomaterials (GICAN).
Marsh said: “For pure halloysite itself, it will sell for about $5,000
per tonne and we are now working on research with Natural Nanotech, our
joint venture company with Minotaur on new technologies for halloysite
composites and there we are talking about several million dollars per tonne.”NNT’s testing on halloysite-derived carbon nanomaterials has shown
excellent absorption potential and recyclability for carbon capture and
conversion purposes, with more than 1.1 tonnes of CO2 capture per tonne absorbent.Minotaur non-executive director Tony Belperio said the scientists at
GICAN were blown away when they came across the halloysite material from Great White.“They are used to dealing with carbon nanomaterials, which are very expensive to produce.
“But if nanomaterials could be provided much more cheaply, then the market will explode.”
Belperio said the Great White Kaolin Project contained the greatest known global accumulation of halloysite nanotubes in variable admixtures of around 10% and 80% with kaolinite.
He said NNT was now asking: “Can halloysite serve as a natural alternative for highly expensive and hazardous carbon nanotubes?”
Research activity is underway with GICAN under two specific agreements:
- Halloysite-derived nanomaterial for environmental applications, such as water remediation and hydrogen storage; and
- Halloysite based materials for carbon capture and conversion, which is
aiming to optimise the processing route and development of carbon
capture and conversion pilot plants.The idea is to capture the carbon and strip it back off the nanotubes — “a bit like a swimming pool filter,” Belperio said.
“You would be passing all the gasses through, capturing the C02,
backflushing it whenever it fills up and then refreshing the nanotubes
numerous times until one day you might have to replace them.”
Once the CO2 has been captured, the next step would be to convert it into a clean energy source such as methane or methanol.Belperio added: “Demand for this would be global and would come mostly
from industrial users such as cement plants, refineries, brick plants
and plasterboard factories – these are the sort of companies looking for
a method of capturing CO2 that is reasonably cheap and efficient.”A pilot carbon capture plant has been designed by Natural Nanotech and delivery is expected by November – December 2021.
With the likes of Elon Musk encouraging the world to create the best carbon capture technology with a $100 million reward, the timing could not have been better.
Which ASX-listers have halloysite-kaolin and where is it found?
[Blockierte Grafik: https://www.proactiveinvestors…20photo%20last%20edit.jpg]
The Great White Kaolin Project on the Eyre Peninsula, South Australia. Source: Andromeda MetalsOnly a handful of ASX-listers have discovered commercially viable halloysite-kaolin resources, further proving why it is so rare.
Latin Resources Ltd (ASX:LRS) is
undertaking a pre-feasibility study on its Cloud Nine resource at the
Noombenberry Kaolin Halloysite Project in Western Australia after
announcing a mineral resource estimate in May.The Noombenberry project comprises 207 million tonnes of kaolinised
granite, which includes separate domains of 123 million tonnes of
bright-white kaolinite and 84 million tonnes of kaolin/halloysite bearing material.Okapi Resources Ltd (ASX:OKR, FRA:260)
acquired two large-scale kaolin-halloysite projects back in May – the
Holly Kaolin Project in Western Australia, where exploration is
underway, and the White Knight Kaolin-Halloysite Project in South Australia.Finally, Oar Resources Ltd (ASX:OAR)’s
Gibraltar Project in South Australia recently returned a composite
sample, grading 53% halloysite, as it works to establish an initial inferred JORC resource. " -
Bin jetzt auch raus bei Northern Dynasty... mit diesen "Umweltbedenken" wird das vermutlich noch lange nix... Und falls doch kann man immer noch wieder einsteigen...
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Highfield Resources making strong progress toward construction at flagship Muga Potash Project, The Muga Project in Spain is forecast to be one of the highest margin potash mines in the world
[Blockierte Grafik: https://www.proactiveinvestors…d5cc7ea22af0031ecf453.jpg]
http://www.proactiveinvestors.com.au/companies/news/959984/h…http://www.proactiveinvestors.com.au/companies/news/955907/h…
http://www.highfieldresources.com.au/wp-content/uploads/site…
http://www.highfieldresources.com.au/research-reports/
"Highfield Resources Ltd (ASX:HFR) made considerable progress during the
half-year ending June 30, 2021, in driving its flagship Muga Potash
Project in Spain towards the construction phase.Promisingly, the company completed the final steps to secure mining
concessions covering the Fronterizo, Muga and Goyo areas, which make up
the Muga Project.Looking ahead, Highfield intends to negotiate a
construction agreement with construction partner Acciona and progress
financial discussions to secure debt and equity funding.Mining Concession update
In May 2021, Highfield’s subsidiary Geoalcali SLU received the last
report required in the final section of the Mining Concessions (MC) from
the environmental department of Aragón.
Following this important step, on May 26, 2021, the mining authorities
of Madrid, Aragón and Navarra, having completed their review, submitted
the final MC text to the Government’s lawyer for a final legal review.
Consequently, This was the last step before the granting of the MC on July 1, 2021.[Blockierte Grafik: https://www.proactiveinvestors…ield%20Muga%20Vipasca.jpg]
Vipasca progress
Highfield completed its drilling program at the Vipasca permit area in the first half of 2020.
As a result of the interpretation of the geological information
obtained in recent years at Vipasca, the central and western sectors of
the tenement were relinquished in January 2021, as they are not seen as
favourable areas to develop exploration works.
The results of the geological works carried out showed that the potash
unit is too deep in those areas, situated at least 1,100 metres in
depth.
Subsequently, Highfield preserved only the eastern sector, closest to Muga.Technical update
During the first quarter of 2021, Highfield prepared a HAZOP (Hazard and
Operability Analysis) report which assesses the operational risk and
undertakes performance stress tests of the final designs.
The company will expedite other pre-construction activities, such as
finalise an equipment procurement and manage the local town hall
construction licences in Navarra and Aragón
Furthermore, Highfield has also shared the necessary information with
its preferred construction contractor, Acciona, to progress negotiation
of the construction agreement and the project implementation.Sales and marketing
During the second quarter of 2021, the potash market experienced supply
constraints that have encouraged discussions with traders, potential
offtake partners and logistics partners interested in strategic
participation in the project.
Promisingly, Highfield has been developing its transport and logistics
strategy, which is key to developing and implementing its sales and
marketing plan.
The company continues to engage in ongoing offtake discussions with
other potential wholesale customers, distributors and global traders for
the entire production capacity of MOP and salt from the Muga Mine.Project financing
In accordance with its financing strategy, Highfield has worked closely with Endeavour Financial, a leading independent advisor, since its appointment on November 30, 2020.
The company’s work on the debt financing in conjunction with Endeavour
has accelerated after the MC award, being now able to finalise it.
Preparation for financiers’ independent technical, social, environmental and market due diligence is underway.
The company is now able to engage in more detail with its key brokers
and strategic partners as it evaluates all financing options before the
start of construction works.Highfield ended the half-year with $12.6 million in the bank, while some
of its key expenses related to engineering above and below ground, a
second payment for a crystallizer and a down payment to kick-off the
works to upgrade the electric substation that will feed the Muga Potash
Mine during commissioning.Other projects
In the fourth quarter of 2020, Highfield was advised that the second
three-year extension application for the Ampliación de Adiós permit was
rejected by the mining department of the Government of Navarra for
the Sierra Del Perdon Project (SDP).Subsequently, the company appealed this decision in line with the ongoing process of the other two SDP permits.
Based on local Spanish legal advice, the continued lack of a resolution
to the appeal is not seen as a reflection of the merits of the appeal,
nor does it represent a significant change with an adverse effect on the
entity.The drill hole AA-02 that was planned in 2020 has been delayed until the final resolution of these appeals.
At Pintantos Project, Highfield was granted a three-year extension to the drilling permit at Molineras 1 in 2020.
Regarding the drilling permit at Molineras 2, in 2019 Highfield
re-initiated the application process for this permit following the
conclusion of the public consultation period.However, it continues to await the award of the permit and the company’s
application for the Puntarrón permit also remains outstanding.Importantly, the current priority for the company is the development of Muga.
Events after reporting date
On July 1, 2021, the company was granted the key mining concession for
the three areas comprising the Muga Project, namely Fronterizo, Muga and
Goyo.This decisive milestone sets the new priorities of the company for the
following months, these being accelerating the pre-construction
activities and reviewing the financing options, for both debt and other
sources of capital.Importantly, an equity placing of A$15 million and a Share Purchase Plan
raise of A$3.1 million was completed in August and September 2021,
respectively, through Canaccord and Fosters pursuant to the company’s
existing 15% placement capacity. " -
15 Year Water Supply Agreement Signed ;
Commenting on the signing of the contract, CEO Andrew Sorensen said, “We
are excited to have locked in another long-term supplier agreement for
critical infrastructure at our Wickepin Kaolin Project. A reliable
water supply is essential for the production of kaolin and the
operation of our processing plant once we commence production. We remain
within budget with the ongoing Stage 1 work program and look forward to
keeping you updated on our progress”http://assets.website-files.com/5d71c8fbf0cb54e32c25a59a/613…
http://www.proactiveinvestors.com.au/companies/news/959977/w…
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Carbon Capture and Storage VIABILITY CONFIRMEDCarbon Capture and Storage VIABILITY CONFIRMED,
Leigh Creek Energy (LCK) achieved another milestone with the viability
of its Carbon Capture and Storage (CCS) being confirmed by an
independent feasibility study; LCK Managing Director Phil Staveley
commented: “The finalised CCS feasibility study is a
critical milestone for our project as all the data and findings will be
incorporated in the engineering which will optimise the project from
the outset. Our project strategy is to future-proof our asset by leading
a carbon neutral program through our ESG commitments to provide
stability, certainty and pricing upside”- Independent Industry expert inGauge Energy completed CCS feasibility study
- Feasibility results confirmed the critical elements for large scale retention of CO2 possible
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Bastion Minerals "on track to become the Bellevue of Chile?"
http://stockhead.com.au/resources/bastion-minerals-on-track-…
"Bastion could be on track towards becoming a significant gold producer
after securing an option for the acquisition of a previously producing
high-grade gold project in Chile’s Atacama region.The agreement has all the hallmarks of a 2017 Bellevue (then Draig
Resources) that identified the exploration potential of the previously
producing high-grade Bellevue Gold Mine which at the time was a
forgotten treasure.Under the agreement with Sociedad Minera del Norte, the company now has
the option to acquire 100% of the high-grade San Juan gold project and
surrounding licences within the Capote Mining District where mining has
occurred over 300 years before ending in 1954.No modern exploration has been carried out despite a total of 1.7
million ounces of gold at an average grade of 52 grams per tonne (g/t)
from the San Juan Vein and surrounding high-grade gold veins being
processed through the Capote mining operations.Whilst it is still early days for Bastion the potential of this
high-grade historically producing gold mine is reminiscent of Bellevue
circa 2017 (then Draig Resources). The Bellevue Gold Mine at the time
was a forgotten treasure – historically produced 800koz @ 15g/t, but the
Bellevue team successfully identify the exploration potential and in
late November of 2017 intercepted 5m @ 37.5g/t gold. The results sent
the Company on its way to continued growth over the next 4.5years.Bellevue’s Global Mineral Resource now stands at 3Moz @ 9.9g/t gold.
Stage 1 feasibility is now complete and Bellevue is now building towards
a stage 2 feasibility with attractive debt financing proposals
received.Bastion Minerals (ASX:BMO) executive director Ross Landles said the
acquisition represented a rare opportunity to consolidate and control a
historically significant high-grade gold system covering about 30sqkm.“The potential of this new tenement package cannot be understated and
represents execution of Bastion’s corporate strategy to identify,
acquire and explore high-grade gold districts that have been locked-up
for several decades and missed any modern exploration methods,” he
added.“This is very exciting and pivotal period for Bastion as we fast-track
drilling at Capote, our in-country exploration team is on the ground at
Capote finalising drill targets with drilling scheduled to commence in
September.”[Blockierte Grafik: https://stockhead.com.au/wp-content/uploads/2021/08/bastion_minerals_san_juan.jpg]
- Capote Mining District including newly acquired tenement area. Pic: Supplied -
Sand Juan gold project
San Juan consists of 18 mining licences covering 11.5sqkm within the company’s Capote mining district.
It includes the high-grade San Juan, Resurgemento and La Buena gold vein
systems of which San Juan is the largest with a strike of over 1.5km
and historically mining to a depth of 300m.San Juan Vein produced about 500,000oz of gold at 40g/t and remains open at depth and along strike.
The Resurgemento Vein, which extends for over 3km and was mined in
places to a depth of up to 150m, also remains open at depth and along
strike.Acquisition terms
Under the agreement, Bastion is required to pay US$175,000 (less
US$25,000 that was previously paid for exclusivity) on execution of the
option agreement.Another US$300,000 is payable within 12 months of the option date while the final US$1m is payable within 24 months.
SMDN will also receive a 2% net smelter royalty.
_________________________________________________________________________________
This article was developed in collaboration with Bastion Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should
consider obtaining independent advice before making any financial
decisions. " -
Bastion Minerals (ASX:BMO) Executive Director Ross Landles – June Quarter update
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Ross Landles Appointed Executive Chairman;
Bastion’s Executive Chairman, Mr Ross Landles, commented
"I am pleased to take on this leadership position as Executive Chairman
of Bastion Minerals. It is a critical time for the Company as we enter
our next phase of growth and commence drilling activities. This follows
on from the execution of our recent Agreement over the Capote Mining
District. I look forward to working with our Board and management to
deliver our corporate strategy to identify, acquire and explore
high-grade gold districts that have been locked-up for several decades
and missed any modern exploration methods. We have built an extremely
strong and well balanced team at Bastion and are well positioned to
create real shareholder value. I would like to take this time on behalf
of the Board to thank our outgoing Non-Executive Chairman Ralph Stagg
for his services to the company"- Bastion Minerals appoints Mr Ross Landles as Executive Chairman of Bastion Minerals
- Mr Landles will take the position after previously serving as an
Executive Director of Bastion Minerals predating the Company’s Initial
Public Offering. His global capital network is a huge benefit for the
business.- Mr Landles has a strong banking background and brings more than 25
years’ of global experience as a leader in equity capital markets
transactions as well mergers and acquisitions across multiple sectors- Mr Landles has held senior leadership roles, Director and Managing
Director titles with global financial institutions – Rothschild Bank AG,
Credit Suisse AG, UBS AG and Macquarie Bank Ltd.
http://www.investi.com.au/api/announcements/bmo/e6edb21d-945… -
Atlas Salt: "Simple, Environmentally Friendly & Huge Potential Cash Flow";
Atlas Salt has a unique project on the west coast of Newfoundland. I
would venture to say it is the best risk/reward scenario in the
province. Strategically located, the Great Atlantic Salt Project can
serve significant North American demand and is uniquely positioned to
capture market share from overseas countries with higher shipping costs.- Strong management team with lots of experience in salt and NFLD.
- Salt deposit is close to sea port, greatly improving economics.
- High grade deposit, at 96.9% NaCI.
- Large resource with many decades of supply.
- Location location, location – can offset oversea imports.
- Feasibility started to move into production.
- Planned spin out of their Fischell's Brook Salt dome (renewable energy storage).
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Hyperion Metals "Appoints Leading U.S. Based Directors";
Todd Hannigan, Executive Chairman of Hyperion Metals said: “We are
honored to welcome Lorraine, Beverly and Melissa to the Board of
Hyperion Metals. They have all achieved exceptional results in their
chosen careers and we look forward to benefiting from their diverse
skills, leadership and operational experience, networks and insights.
The largest consumer of titanium metal and alloys are the aerospace and
defense sectors – Lorraine and Beverly’s deep experience in these
advanced sectors will be invaluable to our board and management team.
Melissa has already made a highly valuable impact on our ESG strategy as
a board advisor and will now guide our efforts to set an industry
leading benchmark in this critical area. Hyperion’s mission is to
produce zero carbon, low-cost titanium metal and metal powders with a
sustainable All-American supply chain. Low-cost and zero carbon titanium
has the potential to transform the EV, aerospace, defense and space
exploration sectors. We continue to build an incredible team to pursue
this compelling opportunity. We look forward to working with our new
directors to build an outstanding, enduring company”- Lorraine Martin, Beverly Wyse and Melissa Waller appointed as
independent Non-Executive Directors of Hyperion Metals, effective from
13 September 2021.- Lorraine Martin has 35 years of experience in aerospace, leading a
range of global business programs at Lockheed Martin (NYSE: LTM) from VP
of the C-130 & C-5 Programs, to VP & GM F-35 Lightning II
Program, and then EVP and Deputy of the Rotary & Mission Systems
division. Lorraine is currently President and CEO of the National Safety
Council.- Beverly Wyse has over 30 years of leadership experience with Boeing
(NYSE: BA), the world's largest aerospace company, where she held a
range of senior executive roles including President of Shared Services,
VP & GM of Boeing South Carolina, VP & GM 737 Program and the VP
& GM 767 Program.- Melissa Waller has over 30 years’ finance experience and is the
President of the AIF Institute, providing essential education, research,
and resources to investors and investment firms globally with over $50
trillion AUM. Melissa also serves as Executive Program Director for the
National Institute of Public Finance and Director of Public and Private
Partnerships for the Kenan Institute and is the former Deputy Treasurer
and Chief of Staff for the North Carolina Department of State Treasury.
http://app.sharelinktechnologies.com/announcement/asx/2da64e… -
Presentation to Investors, "We supply De-Carbonisation, Transformative Technology, producing ULTRA (!) pure Aluminium Products"
http://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-rese…
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Volcanic Gold Drills 6.52m @ 16.31 g/t Au at Holly
- HDD-21-017 from 134.25 to 139.00 returns 8.83m @ 8.81 g/t Au and 355 g/t Ag
- HDD-21-019 from 171.90 to 178.42 returns 6.52m @ 16.31 g/t Au and 55* g/t Ag
- HDD-21-020 from 61.70 to 67.10 returns 5.40m @ 5.91 g/t Au and 70* g/t Ag
[Blockierte Grafik: https://volgold.com/site/asset…310/picture4.550x0-is.jpg]
http://volgold.com/news/2021/volcanic-gold-drills-6.52m-16.3…Externer Inhalt www.youtube.comInhalte von externen Seiten werden ohne Ihre Zustimmung nicht automatisch geladen und angezeigt.Durch die Aktivierung der externen Inhalte erklären Sie sich damit einverstanden, dass personenbezogene Daten an Drittplattformen übermittelt werden. Mehr Informationen dazu haben wir in unserer Datenschutzerklärung zur Verfügung gestellt. -
SilverCrest Announces Results from 2021 Infill and Expansion Drilling in the Babicanora Area
- 3.0m (ETW) Grading 3,319 gpt AgEq
- 3.6m (ETW) Grading 2,815 gpt AgEq
- 0.4m (ETW) Grading 7,249 gpt AgEq
VANCOUVER, BC – September 9, 2021 - SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce that its 2021 planned infill drilling for the Babi Vista Vein (“Babi Vista”), Babi Vista Vein Splay (“Splay”), and Granaditas Vein 1 Vein (“Granaditas") is nearing completion, along with continuation of expansion drilling in the Babicanora Area of its Las Chispas Project (“Las Chispas” or the “Project”) located in Sonora, Mexico (see following Tables and attached Figures). The objective of this drilling program is to increase drill density in an area proximal to current and planned underground development. This drilling is targeting conversion of an estimated 15.4M oz AgEq grading 9.97 gpt Au and 707.9 gpt Ag, or 1,574 gpt AgEq (86.9:1 Au:Ag ratio, see note below tables) of Inferred Resources (as stated in the “2021 Feasibility Study”1) to higher confidence Indicated Resources to support an updated Mineral Reserve and Life of Mine Plan (“LOM”) in 2022.
Highlights:- Infill Drilling - During the first seven months of 2021, a total of 80,632 metres in 176 drill holes have been completed at Las Chispas. This includes a total of 52,035 metres in 141 infill drill holes in the Babi Vista, Splay, and Granaditas veins with approximately 20% of infill holes intersecting grades greater than 1,000 gpt AgEq (see attached Figures
- Confirmation of Targeted Areas – The infill program increased estimated drill density to 25 to 35 metres (from 45 to 50 metres) over a strike length of 1.3 kilometres and successfully confirmed the grades and approximate footprint of Inferred Resources reported in the 2021 Feasibility Study.
- Delineation of High-Grade “Shoot 201” - Infill drilling confirmed a multi-kilogram per tonne (AgEq basis) zone now named “Shoot 201” in the Splay, which surrounds the previous high-grade results in hole BV20-201, 203 and 207 (see News Release November 16, 2020). This zone has now been better defined with 11 additional holes that have an average uncapped, undiluted grade of 30.04 gpt Au and 2,429.4 gpt Ag, or 5,040 gpt AgEq, over an estimated true width (“ETW”) of 1.4 metres, within a high-grade footprint of approximately 100 metres by 75 metres. Shoot 201, along with the balance of the Splay and Granaditas, are currently not in the reserves or LOM and will be considered for conversion in an updated study in 2022.
- Expansion Drilling - 16 expansion holes totalling 8,118 metres were completed in the renamed Babi Vista FW Zone (multiple veins) and the Babicanora Norte HW Vein (see attached Figures);
- Babi Vista FW Vein Becomes Babi Vista FW Zone - A total of 18 new intercepts having an ETW of 0.57 metres grading 5.54 gpt Au and 680.2 gpt Ag, or 1,162 gpt AgEq have expanded the Babi Vista FW Vein, which is now renamed the Babi Vista FW Zone to incorporate the presence of several new sub-parallel and semi-continuous veins between the Splay and Babicanora Norte veins.
- Babicanora Norte HW Vein – This vein has been expanded by approximately 300 metres along strike (see 2021 Feasibility Study). Ten new intercepts have an ETW of 0.40 metres grading 2.0 gpt Au and 260 gpt Ag, or 434 gpt AgEq.
- H2, 2021 Focus on Infill, Expansion and Exploration – With infill drilling complete on Babi Vista, Splay, and Granaditas, the Company is working to complete other infill drilling on Babicanora Norte NW while transitioning to expansion and new exploration drilling within the Babicanora Area...
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