Beiträge von Bozkaschi

Fresnillo CEO says Mexico's mining situation 'unfavorable'

ACAPULCO, Mexico (Reuters) - The chief executive of Mexico’s top precious metals miner Fresnillo on Wednesday described the current government’s policies as “unfavorable” for the key industrial sector.
Mexican President Andres Manuel Lopez Obrador’s government has been criticized by the mining industry for its policy of no new concessions, as well as what have been described as unprecedented regulatory delays.
Earlier this month, Lopez Obrador further stoked industry concerns by proposing a constitutional reform that would restrict future lithium mining, in addition to placing similar limits on other “strategic minerals” needed for the country’s energy transition.
“We are in an unfavorable environment right now,” Fresnillo Chief Executive Octavio Alvidrez said in a mining conference in Acapulco.
Dialogue with the government could lead to policy modifications, Alvidrez added, without going into details.
The chief executive noted that last year the mining sector was initially left out of the government’s designation as an “essential’ industry, and as a consequence was forced to shut down for a couple months.
But after dialogue with authorities, he added, mining was later deemed essential and mines across the country were allowed to open back up.

https://www.reuters.com/articl…unfavorable-idUSKBN2HA2LE

Barrick Gold schließt JV Verträge mit Red Lake Gold und Dixie Gold und verleibt sich 70% für Explorationstätigkeiten ein, um nördlich und westlich von der Liegenschaft von Great Bear Ressources auf Gold suche zu gehen.

https://www.juniorminingnetwor…nt-with-barrick-gold.html

https://www.juniorminingnetwor…nt-with-barrick-gold.html

Nachtrag: Red Lake +100% und Dixie Gold +30%

Max Resource Reports 3.7-km High-Grade Copper-Silver Zone at CONEJO, Northeastern Colombia

Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report high-grade assay results at CONEJO, located along the CESAR North 90-kilometre-long copper-silver belt, within the wholly-owned CESAR project in North Eastern Colombia (refer to Figure 1).

• The CONEJO high-grade zone now extends over 3.7-km with average grade of 4.9% copper using 2% cutoff (refer to Figure 2).
• To date, 13 rock samples returned values greater than 8.0% copper; 53 returned values greater than 5.0% copper; 93 returned values of 2.0% copper and above; 36 returned values greater than 20 g/t silver over widths ranging from 0.5 to 20.0m. Highlight values of 12.5 % copper and 126 g/t silver (refer to Table 1).
• In addition, composite results include 7.5% copper and 86 g/t silver over widths of 6.0m (878814 to 878816); 5.2% copper and 46 g/t silver over widths of 10.0m (878820 to 878824) and 3.2% copper and 32 g/t silver over widths of 10.0m (878804 to 878808) (refer to Figures 2 to 8).

Highlights:
- 9.9% copper and 50 g/t silver over widths of 2.0m chip channel (878823)
- 9.3% copper and 126 g/t silver over widths of 2.0m chip channel (878814)
- 7.5% copper and 93 g/t silver over widths of 2.0m chip channel (878839)
- 7.3% copper and 100 g/t silver over widths of 2.0m chip channel (878816)
- 7.0% copper and 56 g/t silver over widths of 2.0m chip channel (878751)
Highlights 2021:
- 12.5% copper and 84 g/t silver over 5.0m by 5.0m panel (878335)
- 10.5% copper and 50 g/t silver over 3.0m by 2.0m panel (878603)
- 10.4% copper and 95 g/t silver over 5.0m by 5.0m panel (878338)
- 10.2% copper and 62 g/t silver over 5.0m by 5.0m panel (878334)
- 10.0% copper and 80 g/t silver over 5.0m by 5.0m panel (878363)
- 8.6% copper and 89 g/t silver over 5.0m by 5.0m panel (878336)
- 8.4% copper and 60 g/t silver over 5.0m by 5.0m panel (878337)
The CONEJO mineralization is hosted in a stockwork within igneous host rock and is associated with the presence of epidote. Observed minerals include: chalcocite, native copper, cuprite and copper oxides.

https://www.newsfilecorp.com/r…EJO-Northeastern-Colombia

Die Spannungen in Peru bleiben nach sozialen Protesten in Bergbaugebieten bestehen

[Blockierte Grafik: https://www.plenglish.com/wp-c…021/10/Peru-tensiones.jpg]
Lima, 30.10. (Prensa Latina) Die Spannungen in den peruanischen Bergbauregionen Ayacucho und Ancash halten heute an, nachdem bei sozialen Protesten gegen Bergbauunternehmen wegen Umweltschäden und anderen negativen Auswirkungen Ausschreitungen ausgebrochen sind.

• 30. Oktober 2021
• CDT13:13 (GMT) -0400

• Veröffentlicht von: Ana Luisa Brown

Die Unruhen ereigneten sich gestern am zweiten Tag eines Generalstreiks in den Provinzen Lucanas, Parinacochas und Paucar del Sara Sara in der zentralen Andenregion Ayacucho gegen Bergbauaktivitäten in den Quellgebieten von Flusseinzugsgebieten, die ihre Gebiete mit Wasser versorgen.
Der Protest überholte die Polizei und die Demonstranten drangen in das Lager und die Anlagen der Apumayo-Mine ein und setzten es und die schwere Maschinerie in Brand, wie Radioberichte aus der Gegend berichteten.
Darüber hinaus wird die Mine Breapampa noch immer von Anwohnern der Umgebung belagert und die drei Provinzen fordern den Rückzug der Bergbauunternehmen SAMI SAC, Ares SAC und Hochschild Mining, denen sie vorwerfen, das Wasser der Städte zu verseuchen.
Sie behaupten, dass infolge der Kontamination Vieh und Fische in der Zone sterben.
In der nördlichen Region Ancash fordern Demonstranten vom Bergbauunternehmen Antamina unter anderem eine Entschädigung für die Nutzung ihres Landes für den Transit des von ihnen geförderten Erzes.
Vertreter verschiedener Bevölkerungsgruppen besetzten die Büros des Unternehmens am Schiffsdock des Unternehmens im Hafen von Huarmey.
Premierministerin Mirtha Vasquez gelang es, die Proteste gegen das Bergbauunternehmen MMG in der südlichen Andenregion Apurímac und die Kokablattbauern in der südlichen Andenregion Puno zu beschwichtigen, die im Austausch für die Aufnahme von Verhandlungen über ihre Forderungen ihre Straßenblockaden aufhoben.

https://www.plenglish.com/news…protests-in-mining-areas/

Essakane liegt auch genau im Nordosten von Burkina Faso und somit im Grenzgebiet zu Mali aus denen die Islamisten immer wieder eindringen. Ich kann mich noch an den Semafo Angriff 2019 erinnern , bei der die Mine 12 Monate nur noch per Helikopter angeflogen wurde weil islamisten den Bus mit Minenarbeitern angegriffen haben und 37 Menschen getötet wurden.Burkina Faso ist ein heißes Pflaster, speziell der Osten/ Nord-Osten.

https://www.dw.com/de/viele-op…n-burkina-faso/a-51144820

Canadian mining firm Iamgold convoy attacked in Burkina Faso, several missing

Reuters1 minute read
OUAGADOUGOU, Oct 29 (Reuters) - Several people are missing after a convoy belonging to Canadian mining company Iamgold (IMG.TO) was attacked in northern Burkina Faso on Friday, two security sources said.
The vehicles carrying Iamgold employees came under attack on the road between Dori and Essakane, where the company has its biggest operating mine. Another Iamgold convoy was attacked on its way to Essakane in September, wounding one police officer and causing the company to temporarily suspend convoys. read more Islamist militants carry out frequent raids in the area, which lies near the borders with Mali and Niger.
One security source told Reuters that four employees were missing following the attack. A second source said that some people in the convoy could not be reached, and that no deaths had been confirmed.
A spokesperson for the mine declined to comment and said Iamgold would issue a statement later. Iamgold representatives did not immediately respond to a request for comment.The Essakane mine produced 364,000 ounces of gold in 2020, more than half the miner's overall production.
Reporting by

Auszug aus einem Börsenbrief:

Joseph Herbert, CEO von Outcrop, ist eine solche Person. Er hat jahrelang mit Unterbrechungen in dem Land gearbeitet. Der Vorsitzende von Outcrop, Ian Slater, hat ebenfalls jahrelang in Kolumbien gearbeitet. Die Tatsache, dass Outcrop keine nennenswerten Probleme mit den Einheimischen zu verzeichnen hatte und seine Aktivitäten effizient genehmigen konnte, unterstreicht nach meiner Einschätzung, dass Santa Ana in einem guten, funktionierenden Gebiet liegt.
Auf nationaler Ebene gibt es in Kolumbien keinen besonderen Anlass zur Sorge. Es handelt sich nicht um ein Gebiet, in dem eine Verstaatlichung wahrscheinlich ist; Genehmigungen können zwar Zeit in Anspruch nehmen, sind aber im Allgemeinen stabil, sobald sie erteilt wurden.
Ich bezweifle, dass meine Überlegungen hier jemanden umstimmen werden. Ich sage das nur, um zu bestätigen, dass ich den Faktor Kolumbien in Betracht gezogen habe und er für mich kein Hindernis darstellt.
Allerdings stellt die Tatsache, dass viele Anleger nicht in Kolumbien investieren werden, eine zusätzliche Herausforderung für den Aktienkurs von OCG dar. Dieser Faktor wird nie verschwinden.
Ich komme nun zu den nächsten Gründen, warum die Anleger OCG meiner Meinung nach ignorieren: schmale Adern mit einer Mischung aus verschiedenen Ausrichtungen.
Ich verstehe, dass die absolut besten Adern zum Abbau steil und breit sind. Es hat sich herausgestellt, dass Adern nicht immer auf diese Weise vorkommen. Wenn steile und breite Adern nicht im Angebot sind, hängt die Abbaubarkeit eines Adersystems von der Größe, dem Gehalt und der Art und Weise ab, wie es abgebaut werden könnte.
Santa Ana befindet sich noch in der Entwicklung und im Wachstum, aber ich behaupte, dass es die Art von Gehalt und Ausmaß entwickelt hat bzw. entwickelt, die es wert ist, abgebaut zu werden. Outcrop hat bisher sieben hochgradige Triebe in dem Adersystem entdeckt. Würden diese Ausläufer aneinandergereiht werden, ergäben sie eine Streichenlänge von 1,8 km mit einer Mineralisierung in 300 m Tiefe.
Um es klar zu sagen: Bei Santa Ana sind noch keine Ressourcen definiert. Outcrop ist jedoch bestrebt, in diesem Quartal Ressourcenbohrungen auf den Schürfstellen Megapozo und Ivana sowie Anfang nächsten Jahres auf den Schürfstellen San Antonio, Roberto Tovar und San Juan durchzuführen.
Gleichzeitig wird das Team entlang des Streichens nördlich von San Juan alle 75 Meter bohren, um nach weiteren hochgradigen Ausläufern zu suchen. Bislang sind solche Ausläufer alle 400 bis 500 Meter aufgetreten. Und Outcrop hat drei neue Aderziele, die im ersten Quartal zum ersten Mal bebohrt werden sollen.
Falls sich das nach viel anhört: Das ist es auch. Es handelt sich um ein umfangreiches und gut mineralisiertes Adersystem. Das bedeutet, dass es einfach ist, Ziele zu finden (Adern an der Oberfläche), aber es bedarf einer detaillierten strukturellen und geochemischen Interpretation, um die Ware im Inneren zu finden (die hochgradigen Ausläufer).
Wie bereits erwähnt, hat Outcrop bereits sieben Ausläufer gefunden. Und bei jedem dieser Schächte wurden genügend Bohrungen durchgeführt, um vorläufige Blockmodelle zu erstellen. Diese Modelle zeigen robuste und kontinuierliche hochgradige Zonen, wie Sie in der obigen Grafik sehen können. Die roten Zonen sind Teile des Blockmodells, die im Durchschnitt mehr als 790 g/t Silberäquivalent aufweisen; die gelben und orangen Zonen liegen zwischen 345 und 790 g/t Ag eq.
Die Adern sind zwar schmal, in der Regel 1 bis 4 Meter, doch sie sind gut mineralisiert und weisen eine schöne Kontinuität auf. Etwa die Hälfte der Adern fällt steil ein, was gute Voraussetzungen für den Abbau bietet. Die anderen fallen flach ein, aber Outcrop hat viel Zeit damit verbracht, herauszufinden, wie sie abgebaut werden könnten, und es scheint machbar zu sein.
Outcrop hat dieses System sehr gut im Griff. Das Unternehmen hat eine lange Liste von Zielen und einen sehr detaillierten Plan, der sich über das nächste Jahr erstreckt, um die Ressourcen auf den bekannten Ausläufern zu definieren und die anderen Ziele systematisch abzuarbeiten, um weitere zu finden.
Es handelt sich zwar um sieben verschiedene Vorkommen, aber sie befinden sich in einem relativ kleinen Gebiet, was darauf hindeutet, dass sie in einem zentralen Betrieb abgebaut werden könnten.
Ich sage immer, dass die wichtigste Frage, die man einem Junior-Explorer stellen sollte, lautet: Was ist Ihr Plan? Ich erwarte von den Explorationsunternehmen detaillierte Pläne, wie sie das Geld der Aktionäre ausgeben werden, um neue Werte für die Aktionäre zu schaffen, die auf gut entwickelten geologischen Theorien beruhen und für den Fall, dass sie benötigt werden, Ersatzpläne bereithalten.
Outcrop ist meiner Meinung nach ein sehr gutes Beispiel dafür. Das Unternehmen ist sich darüber im Klaren, was es getan hat, gerade tut und für das nächste Jahr geplant hat. Die Pläne machen für mich Sinn in Bezug auf
Die Pläne machen für mich Sinn, wenn es darum geht, neue Werte zu schaffen, vor allem, weil mir das Santa-Ana-System mit jedem Bohrergebnis besser gefällt.
Ich weiß nicht, was den Ausschlag für OCG geben wird, was die Investoren dazu bringen wird, ihre Bedenken bezüglich der Aderbreite, der Ausrichtung oder des Projektstandorts zu überwinden. Aber ich glaube, dass es irgendwann von Bedeutung sein wird, weiterhin hochgradige Ergebnisse von mehreren nahe gelegenen Strossen zu liefern, die alle eine gute Kontinuität aufweisen. Ich werde bis zu diesem Zeitpunkt bleiben und auf diesen Niveaus akkumulieren, weil ich glaube, dass OCG bei Santa Ana eine Menge Silber und Gold finden wird.

Castillo meldet sich wieder zu Wort , aber dieses mal nicht so positiv …bzgl. eines Gasfeldes in Peru
Aktien aus Peru geraten unter Druck.

https://www.bloomberg.com/news…onalize-camisea-gas-field

Max Resources, Assay Results Report 3,3% Copper Over 15 Meters at the CONEJO Zone

Ahoi ...

New Found Gold Announces Doubling of Drill Program to 400,000m and Increase to 14 Drill Rigs

• Drilling Update
• Newfoundland/Labrador

TSX.V: NFG
www.newfoundgold.ca
Mr. Craig Roberts reports:
VANCOUVER, BC, Oct. 25, 2021 /CNW/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (NYSE American: NFGC) is pleased to announce an expansion of the exploration program at its 100% owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15km west of Gander, Newfoundland. To date the Company has completed approximately 51% (~102,000m) of its current 200,000m diamond drill program at Queensway. Approximately 24,000 meters of drill core is pending assay results.
Highlights

• Nine core rigs are currently operating, with a tenth scheduled to commence in the first week of November. New Found is targeting an increase in the drill count to 14 rigs with the addition of two core rigs by the end of 2021, followed by two additional rigs in Q1 2022. The ramp up from 9 to 14 drills represents a 55% increase in the drill count with a corresponding increase in the rate of core production from approximately 3,000m per week to approximately 4,700m per week.
• New Found plans to increase the current program at the Queensway project to a total of 400,000m, including the approximately 102,000m completed to date. Permit applications for this expansion have now been submitted. This expanded drill program is fully funded out of the Company's current working capital balance of approximately $103 million, which is anticipated to increase to approximately $150 million on closing of the recently announced financing by Eric Sprott. 1
• New Found anticipates commencement of construction of a new 25,000 sq ft core processing facility in the next several weeks (the "Giga-Shack") following approval of its permit applications. This facility is budgeted at approximately $3 million and is scheduled to be completed by the end of Q1 2022. This state-of-the-art facility will be capable of handling the logging and processing of core from the expanded exploration program and in fact if required provides sufficient capacity for additional increases in the drilling rate. The Giga-Shack will include 27 offices covering 10,000 sq ft, in addition to 15,000 sq ft of core processing space, a roughly 3x increase to New Found's existing Gander facilities.
• New Found also continues to actively recruit additional professional and support staff to add to its growing team in Gander, which now totals 178 people.

https://www.juniorminingnetwor…ase-to-14-drill-rigs.html

ERDENE CONTINUES TO EXPAND NEW ULAAN GOLD DISCOVERY

77 METRES OF 3.2 G/T GOLD, INCLUDING 27 METRES OF 8.7 G/T GOLD AND 152 METRES OF 1.7 G/T, INCLUDING 65 METRES OF 3.1 G/T GOLD

Press Release Halifax, Nova Scotia 2021.10.20
Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce assay results from four (4) holes in the South Ulaan gold discovery expansion drill program. Today’s results confirm thick sequences of high- grade gold mineralization continue west of the initial discovery.
Highlights

• Drilling expands mineralization at South Ulaan to the west, with multiple thick gold mineralized zones with high-grade intersections:o UDH-21: 77 metres of 3.2 g/t gold and 71 metres of 0.8 g/t gold
  § Includes 27 metres of 8.7 g/t gold, including one metre of 156.5 g/tgold
  o UDH-22: 65 metres of 3.1 g/t gold within 152 metres of 1.7 g/t gold§ Includes 7 metres of 18.5 g/t gold, including one metre of 119.8 g/t goldo UDH-19: 190 metres of 0.7 g/t gold
  § Includes 5 metres of 12.5 g/t gold, including one metre of 60.6 g/tgold
• Together with the Bayan Khundii deposit, Dark Horse and Altan Arrow Prospects, these results demonstrate the potential scale of mineralization within the Khundii- Ulaan Hydrothermal system

o Results from drilling at the Dark Horse Zone, consisting of 36 holes totaling 2,286 metres, will be reported by mid-Q4
o Developing exploration plans to test high-priority geochemical and geophysical targets throughout the large Khundii-Ulaan system

https://www.erdene.com/site/assets/files/4309/epr_en.pdf

Mexico eyes ‘strategic minerals,’ copper limits in mining reform

https://www.mining.com/web/mex…-limits-in-mining-reform/

In Gold (and Silver) We Trust

For the past decade and a half, asset managers Incrementum AG have been publishing the annual In Gold We Trust (IGWT) report. Researched and written by Ronald-Peter Stoeferle and Mark J. Valek, IGWT is widely considered one of the most comprehensive gold studies globally.
Luckily for us, the 2021 edition includes a section dedicated to silver, entitled “Silver’s Decade”. This month I’m going to review and delve into some of the research IGWT presents on silver and its outlook.
First, let’s consider the message IGWT parlayed in last year’s report regarding silver. They had the fortitude to say, “This is history’s greatest discount on one of humanity’s most important and useful metals.”
What prompted that statement? Remember that the gold to silver ratio had reached an astounding all-time high of 125 to 1 in March last year. It has been mostly falling since then. First, it fell rapidly, to about 4 65, and has been rising to its current level of 77 since the start of this year. The median is about 60. As a quick reminder, that peak meant it took 125 silver ounces to buy one gold ounce.

[Blockierte Grafik: https://cdn.resourcemaven.ca/newsletters/ssi3.PNG]

Consider that the median level for the ratio over the past 50 years is 60. At 77, we’re still 25% above that. When silver peaked at $50 in 1980, the ratio had fallen to 15.

And when silver peaked at $49 in 2011, the ratio had dropped to 31. I believe we are heading there again, and likely even down to 15. IGWT makes the distinction that I’ve been repeating for some time. Gold is mostly money. Silver is both money and industrial metal. Gold shines when the economy struggles. And between late 2018 and mid-2020, the largest economies were in contraction mode, and gold outperformed silver. But since the pandemic, and especially with the reaction by central planners, silver has taken the lead.

As the economy gradually reopened last summer and bounced back, silver has outperformed gold. While they’ve both historically been money, these metals have evolved along different paths over the past 60 years or so. Today nearly 70% of gold demand is to preserve wealth, whereas for silver, just 1 of every 5 ounces is bought for investment.

I have to say that my view is a little different. According to the Silver Institute, 22% of silver demand is for silver investment. Have a look…

[Blockierte Grafik: https://cdn.resourcemaven.ca/newsletters/ssi4.PNG]

However, the Institute excludes silver ETF demand, as you can see in the table below.

Note that net investment in silver ETPs (essentially ETFs) in 2019 was 83 million ounces, which when included, left the market with a net deficit of 60 million ounces.

As for 2020, silver ETP demand was 298% higher than in 2020 at an astounding 331 million ounces. If this is included in the overall market balance, then the silver market suffered a whopping 251-million ounce deficit last year. With the annual silver supply of around 1 billion ounces, that’s a deficit of fully 25% of the entire market!

[Blockierte Grafik: https://cdn.resourcemaven.ca/newsletters/ssi5.PNG]

The point is, silver ETF demand is very significant. I’ve redone the above pie chart to include silver ETF demand along with physical investment to get a different perspective. Here’s my version.

[Blockierte Grafik: https://cdn.resourcemaven.ca/newsletters/ssi6.PNG]

As you can see, that causes investment to nearly double from 22% to 43%, placing it on par with industrial demand.

The IGWT report goes on to suggest that the one scenario where both metals overlap and perform well is stagflation. That’s when economic real growth slows at the same time as inflation accelerates. Those were the conditions through most of the 1970s, and that’s when silver, gold and commodities overall performed well.

It’s interesting to note that since the Covid-19 pandemic, consensus analyst forecasts have dropped. They now see 2021-2025 mine supply falling by 84 million ozs, or a 1.9% decrease. Analysts still expect the annual average output to be rise by 1.5% over the 2015-2019 period. Secondary supply is expected to reach 169 Moz per year over these next 5 years, a drop of 2.4% in forecasts.

[Blockierte Grafik: https://cdn.resourcemaven.ca/newsletters/ssi5.PNG]

In my view, these supply forecasts are too generous. I believe, as do the report’s authors, that demand from the investment side will be the most significant driver, though difficult to forecast. The chief contributor will be general inflation, ever-rising through ever-growing money-printing, deficits and debts. As such, silver prices will rise considerably.

It’s surprising to see that analysts as a group actually expect silver prices to fall on balance during the 2021 – 2025 period. That would assume monetary chaos is over, and won’t return for at least five years. To me, that’s extremely confident, bordering even on naïve.

It also ignores the fact that silver is a relatively small market. That means it takes relatively small buying pressure to push prices skyward. Perhaps the best recent example of this is the WallStreetBets incident, where Reddit message board followers were encouraged to buy silver ETFs.

One especially notable aspect of silver demand in 2020 was that every broad category of demand was down, except physical investment and ETPs. This suggests investment is the biggest wild card in overall silver demand and therefore prices.

But that doesn’t mean industrial demand will get left behind. Rather, it’s likely to be a gradual and more predictable area of the demand side for silver.

As IGWT suggests, with which I concur, governments will step in to “assume the primary role of economic steward.” By this, they mean governments will increasingly take the place of central bankers, whose options to stimulate are being exhausted. We’ve seen this scenario of fiscal stimulus taking over the 8 reins from monetary stimulus. Grand plans for new and renewed infrastructure, as well as the push towards green energy through decarbonization of the economy means a lot of new spending.

And there doesn’t seem to be much resistance on the part of opposition parties or voters to run deficits until the cows come home.

To sum up, IGWT believes silver will continue to rally through the end of this decade. Their reasoning is that we are leaving behind the disinflationary era led by central bankers, and entering the politician-led era of inflationary quantitative easing, universal basic income, modern monetary theory (MMT), and government-guaranteed bank loan schemes.

With that, I agree wholeheartedly. And I too think this will be “Silver’s Decade.”

Quelle: Gwen Preston

+23,81%

Equity Reports Bonanza-grade Intercepts From Offset Drilling on the Camp Vein Silver Target, Silver Queen Project, BC

October 7, 2021
Equity Metals Corporation (TSX.V: EQTY) (“Equity”) reports multiple Bonanza-grade Silver intercepts from the first three drill holes of renewed drilling on the Camp Vein target. The holes are part of Equity’s Fall 2021 drill program on the Silver Queen Project, BC and intersected:

• a 1.4 metre interval grading 1,097g/t Ag, 0.1g/t Au, 0.2% Cu, 0.5% Pb and 2.2% Zn (1,218g/t AgEq or 16.2/t AuEq) from drill hole SQ21-032;
• a 0.8 metre interval grading 342g/t Ag, 1.1g/t Au, 5.4% Pb and 18.2% Zn (1,302g/t AgEq or 17.4g/t AuEq) within a 2.1 metre interval averaging 138g/t Ag, 0.6g/t Au, 2.3% Pb and 7.3% Zn (537g/t AgEq or 7.2g/t AuEq) from drill hole SQ21-033; and
• a 0.4 metre interval grading 1,087g/t Ag, 0.3g/t Au, 0.1% Cu, 0.1% Pb and 4.6% Zn (1,307g/t AgEq or 17.4/t AuEq) within a 1.8 metre interval averaging 403g/t Ag, 0.1g/t Au, 0.1% Cu, and 1.4% Zn (468/t AgEq or 6.2g/t AuEq) from drill hole SQ21-034.

These are initial drill results from the current 4500 metre program, which commenced in early September 2021 and which is now nearing completion. Seventeen holes and one re-entered and extended 2020 hole have been completed to date, totalling 4425 metres. A single hole, approximately 200m deep, remains to be drilled after which time the drilling crews will break for two weeks and return later in October.
The three shallow holes reported here tested the northwest extent of the vein system, successfully intersecting two of the four distinct vein structures identified at the Camp vein target. These assays are select intercepts of only 25 rushed sample analyses and additional sampling has been completed on the holes with assays pending. Mineralization is open and untested to the west and projects both eastward and down-dip into previously identified vein intercepts.
Drilling has defined four distinct veins as well as potentially additional hangingwall and footwall veins, confirming much of Equity’s earlier modeling of the Camp Vein target. Logging and sampling of the newly completed holes continues, the results of which will be released over the coming weeks and months.
VP Exploration Rob Macdonald commented, “Equity’s management is encouraged by the early returns from this new drilling on the Camp Vein target that continues to confirm the high-grade potential of the vein system and has led to a better understanding of the vein architecture. The known veins have been extended both laterally and to depth with many more new assay results pending in the coming weeks. Drilling will continue on the property through the Fall and extend into the Winter of 2022 and will focus on further delineation and extension of the Camp and No. 5 vein systems in addition to testing new targets on the Switchback, NG-3 and George Lake South veins.”
A total of 48 drill holes for 14,450 metres has now been completed by Equity Metals on the Silver Queen property in four successive phases of exploration drilling starting in late 2020. Four separate target areas have been tested and thick intervals of high-grade gold, silver and base-metal mineralization have been identified in each of the Camp Vein, No. 5, No. 3, and NG-3 Vein systems.
Numerous other veins occur throughout the target area forming an extensive conjugate set of northwest and east-southeast-trending mineralized structures. The No. 3 vein is the largest known vein set and has been extensively drilled, accounting for the majority of the current 2019 NI43-101 mineral resources identified on the property. Other veins have received more limited, and typically shallow, historic drilling but have encountered encouraging intercepts of precious and base metals. Several will be tested in the upcoming 2021/2022 exploration program. Up to 15,000 metres of drilling have been identified and permitted to test 2.5 kilometres through the Camp Vein, the No. 5 Vein, the Switchback Vein and NG-3 Vein systems, as well as several less defined veins. Drilling is planned to continue through the Fall and into the Winter of 2022.
[Blockierte Grafik: https://equitymetalscorporation.com/site/assets/files/3758/eqty_nr1021_figure1.700x0-is.png]
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility.
The Silver Queen Property consists of 45 mineral claims, 17 crown grants, and two surface crown grants totalling 18,852ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. Most of the existing resource is hosted by the No. 3 Vein, which is traced by drilling for approximately 1.2km and to the southeast transitions into the NG-3 Vein close to the buried Itsit copper-molybdenum porphyry.
An initial NI43-101 Mineral Resource Estimate (see Note 1 below) was detailed in a News Release issued on July 16th, 2019, and using a CDN$100 NSR cut-off, reported a resource of:

• Indicated – 244,000ozs AuEq: 85,000ozs Au, 5.2Mozs Ag, 5Mlbs Cu, 17Mlbs Pb and 114Mlbs Zn; and
• Inferred – 193,000ozs AuEq: 64,000ozs Au, 4.7Mozs Ag, 5Mlbs Cu, 16Mlbs Pb and 92Mlbs Zn.

More than 20 different veins have been identified on the property, forming an extensive network of zoned Cretaceous- to Tertiary-age epithermal veins. The property remains largely under explored.
Table 1: Summary of Drill Intercepts from 2021 Drilling on the Camp Vein Target, Silver Queen Property.

https://equitymetalscorporatio…-silver-queen-project-bc/

Max Resource Expands the URU Zone to 48-km2, CESAR North, NE Colombia

TSX.V: MXR
www.maxresource.com
Mr. Brett Matich reports:
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2021) - MAX RESOURCE CORP. (TSXV: MXR) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report new assay results expanding the URU zone from 12-km² to over 48-km², located along the CESAR North 80km-long belt, within the wholly-owned CESAR project in NE Colombia (refer to Figure 3).
Highlights
- 14.8% copper and 132 g/t silver outcrop over 1.5m x 0.8m panel (876798)
- 6.5% copper and 6 g/t silver outcrop over widths of 1.0m chip channel (876931)
- 5.6% copper and 87 g/t silver outcrop over 1.0m by 1.0m panel (879972)
- 4.0% copper and 42 g/t silver outcrop over 1.0m by 1.0m panel (879975)
- 3.7% copper and 14 g/t silver outcrop over widths of 5.0m chip channel (876486)
- 2.9% copper and 7 g/t silver outcrop over widths of 10.0m representative (876460)
- 2.1% copper and 3 g/t silver outcrop over widths of 10.0m representative (876478)
- 2.0% copper and 20 g/t silver outcrop over widths of 10.0m representative (876922)

• URU's continuous copper-silver mineralization now spans over 48-km², extending along strike over 12-km and down dip over 4-km from the elevation of 1200m down to 410m, and is open along strike and down dip (refer Figure 1, 2 and 4).

• Eighteen rock samples collected over widths ranging from 1.0 to 10.0m returned values in excess of 2.0% copper. Thirty-two returned values greater than 1.0% copper. Highlight values are 14.8 % copper and 132 g/t silver (refer to Table 1).

https://www.juniorminingnetwor…ar-north-ne-colombia.html

Max’s URU Zone comparable to Central African Copper Belt-style of mineralization

2021.10.06

Beitrag stark gekürzt !

Max Resource Corp
While new copper discoveries create excitement in the industry, it is the size of a discovery that really matters and offers long-term growth potential for investors.
Such projects are extremely rare, but not impossible to unearth with the right approach.
Within an underexplored region of northeastern Colombia, Max Resource Corp. (TSXV:MXR, OTC:MXROF, Frankfurt: M1D2) has not only been finding high-grade copper zones at its flagship CESAR property, but expanding these areas, confirming the potential existence of a massive sediment-hosted system comparable to the biggest in the world.

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-25.png]Max’s CESAR copper-silver project[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-26.png]The 80-kilometer CESAR North contains six areas of interest.

URU Zone
The Vancouver-based company is currently focused on the URU Zone, the second copper discovery Max has made at CESAR North this year, and one of five discovery zones since the company took ownership of the CESAR project in late 2019.
URU lies along the southern portion of the 80-kilometer-long CESAR North copper-silver belt, appears to be continuous over the entire 12 kilometers, and remains open in all directions.
The initial URU discovery (April 8, 2021) reported 16 rock chip channel samples returning greater than 1% copper extending over a 4-kilometer-long strike, with highlights of 5.7% copper and 14 g/t silver. In July the zone was significantly expanded, with its strike length tripled from 4 to 12 kilometers.
In August Max reported some impressive assay results from surface sampling, including 3.9% copper over 10-meter widths and visible copper over the zone’s 12 square kilometers.
Twenty-one rock samples returned values greater than 1% copper, with eight samples featuring 2% copper or higher, over widths ranging from 10 to 25 meters.
Among the >2% copper rock chip channel samples, highlights included 3.9% copper and 7 g/t silver over widths of 10 meters.
Grab samples collected over 25-meter widths returned 2.7% and 2.2% copper. Max is awaiting assay results from locations along the 10 kilometers of strike, shown as white dots in Figure 2 below.

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-27.png]

“The widespread nature of the copper mineralization over significant widths demonstrates the major-scale potential of the URU zone, that is open in all directions. We look forward to additional URU zone copper assay results due [in October],” said Max’s CEO, Brett Matich, in the Aug. 10 news release.

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-28.png]Sampling a URU Zone outcrop[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-29.png]

Max has interpreted the sediment-hosted stratabound copper-silver mineralization in the Cesar Basin to be analogous to both the Central African Copper Belt (CACB) and the Polish Kupferschiefer deposits. Almost half of the copper known to exist in sediment-hosted deposits is contained in the CACB, including Ivanhoe Mines’ above-mentioned 95-billion-pound Kamoa-Kakula copper deposit in the Congo.
However, while the northern part of the 80-km-long CESAR North has been characterized as “Kupferschiefer-style” mineralization, the southern part containing URU is suspected to be more “Central African” in nature.
Kupferschiefer deposits are envisioned as huge flat-lying sheets of sedimentary copper. These slabs of “copper shale” can run for several kilometers but they are relatively thin, with an average mining thickness of just 2 meters, shown below.

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-30.png]

By comparison, CACB-type mineralization has some thickness to it, and there may be feeder zones running into the orebody. To understand why Max thinks the URU Zone mineralization is Central African, take a look at Figure 3 below.
The image depicts a three-dimensional model of the URU Zone. The model shows the various mineralized occurrences, which range from 1,000 to 34,400 parts per million (ppm) copper and 5 to 656 ppm silver, presenting at surface within a mountainous topography. The elevation scale on the right of the model shows the rock copper and silver samples are between 600 meters and 1,800m.
As you can see the topography is obviously not flat. Some of the mineralization has to extend vertically. When I first saw this diagram of the terrain, I thought “that mineralization had to come from depth.”

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-31.png]

[Blockierte Grafik: https://aheadoftheherd.com/app/uploads/2021/10/image-32.png]URU discovery cross-section

The fact that the mineralization appears to run continuously for 1,200m (between 400m and 1,200m) through mountainous topography strongly suggests there is a lot of volume to it — it more or less goes from base to hill-top, which could indicate a major copper-silver system emplaced throughout. That’s an exciting prospect.
Assays from the URU Zone are due this month.
RT Gold
Meanwhile the company hasn’t taken its eye off its RT Gold project in Peru.
Optioned to Max in 2020 for US$300,000, the last exploration was conducted just over a decade ago, with the property lying dormant since.
RT Gold is a project with potential scale. It sits along the Condor mountain chain of northern Peru, within the Cajamarca Metallogenic Belt. This geological belt extends from central Peru into southern Ecuador, and hosts a number of world-class gold deposits, including Fruta Del Norte (10Moz), Minas Conga (17Moz), Yanacocha (36Moz), Lagunas (8Mozs) and Pierina (7Mozs).
Two distinct mineralized systems occur within the RT Gold property: the Cerro Zone, a bulk tonnage gold-bearing porphyry; and 3-km to the NW, the Tablon Zone, a gold-bearing massive sulfide target.
The Cerro Zone hosts four mineralized zones (Peak, West Breccia, La Catedral and Minas Sur) with highly anomalous concentrations of gold in rock and soils.
Structures assaying 0.1 to 62.9 g/t gold, hosted in mineralized wall rock, returned gold values of 0.5 to 1.0 g/t gold.
The soil geochemistry of the Cerro Zone has outlined a 2 by 1.5-km gold anomaly, open in all directions grading from 0.1 to 4.0 g/t Au. Soil geochemistry is coincident with IP chargeability.
Despite the geophysics matching the geochemical (soil and rock sampling) results on surface, Cerro has never been drill-tested.
The Tablon Zone is located 3 km NW from Cerro and hosts numerous gold-bearing massive to semi-massive sulfide bodies over a 150- by 450-meter area, within a larger 1 by 1.5 km area of anomalous gold soil and rock geochemistry.
The highlights of a 1,600-meter drill program at the Tablon Zone, completed in 2001 and summarized by former operator Golden Alliance Resources in a 2011 technical report, include 18.8 grams per tonne gold over 16 meters from 35 meters depth; 8.8 g/t Au over 25m from 13 meters; and 5.3 g/t Au over 17m from 12m.
No mineral resources or reserves estimates yet exist at Rio Tabaconas (RT Gold).
Conclusion
The URU Zone makes a very interesting addition to Max’s four other discoveries at CESAR. The potential discovery of a massive buried copper-silver porphyry with ore shoots extending to surface, and mineralization running through over a kilometer of mountainous terrain – is quite intriguing.
Max’s goal is to partner with a major to raise the funds to drill CESAR. Interest so far has been strong, with multiple non-disclosure agreements in place to advance the project, including a collaboration agreement with an industry-leading copper producer. There have been three field visits to the site (undisclosed parties), with a fourth one reportedly in the works.
While Max’s focus has been on CESAR, and right now the URU Zone in particular, there are rumblings of a field program at RT Gold, where some re-assaying has taken place.
In both countries, Max has the support of the local communities that own the land, a necessary requirement for exploration and moving mining projects forward. Community buy-in, the support of the local landowners in Colombia and Peru paves a smooth road for access and exploration activities.
Also worth noting, Max is employing in-country crews at both projects. There have been no interruptions owing to covid-19 restrictions and this is because Max does not have to fly geologists in and out of the country with all the requisite quarantines, tests and ultimately, delays. Crews are protected within their in-country covid bubble.
Max’s plan to find a partner to advance CESAR looks especially promising these days, as we see household mining names like BHP becoming more friendly to greenfield exploration. Witness BHP’s 2019 investment in SolGold and its more recent interest in Western Foreland, a large exploration project bordering Ivanhoe Mines’ huge Kamoa-Kakula copper deposit in Africa.
Major mining companies are only interested in large mineral deposits or deposits that are scalable to their needs. The way Max is going, CESAR appears to fit their criteria. The company keeps finding high-grade copper zones and expanding these areas, confirming the potential existence of a massive sediment-hosted system comparable to the biggest in the world.

https://aheadoftheherd.com/max…-style-of-mineralization/

Gestern über den Kursanstieg gewundert... Heute die News

KOOTENAY SILVER REPORTS BEST COLUMBA INTERCEPT TO DATE

2,035 gpt silver over 6 meters within wider intervals of 805 gpt silver over 17 meters and 333 gpt silver over 44 meters featuring a project high 9,840 gpt silver over 0.92 meters
Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce results for 6 additional drill holes from the Columba High-Grade Silver Project in Chihuahua State, Mexico. These holes, CDH-21-102 to CDH-21-107, test across the J-Z trap zone some 700 meters east of the F vein.
Importantly CDH-21-103 is the third hole that appears to be defining a very high-grade mineralized body intersected now in 3 holes and defining a zone in drilling thus far in a 40 by 60 meter east west orientation with at least 80 meters of dip extent. The body appears to be pipe like in shape and plunge moderately to the northeast and is open up and down dip.
This particularly high-grade zone of hydrothermal breccias and stockwork in CDH-21-103 has now been hit in three holes as follows.
Previously released:
Hole CDH-19-030

• 982 gpt silver over 1.9 meters within 721 gpt silver over 4.07 meters and 200 gpt silver over 25.85 meters and

Hole CDH-20-060

• 608 gpt silver over 5 meters within 361 gpt silver over 11 meters and 229 gpt silver over 22 meters

And from this release:
Hole CDH-21-103

• 2,035 gpt silver over 6 meters within 805 gpt silver over 17 meters and 333 gpt silver over 44 meters.
• A project high assay of 9,840 gpt silver over 0.92 meters.

https://us14.campaign-archive.…50d902b52a0&id=aa8fbd8108

CanAlaska Uranium Completes Key Uranium Project Agreement

TSX.V: CVV
www.canalaska.com
Mr. Peter Dasler reports:

• Targets Follow 10km Section of Key Lake Fault
• Key Lake Mill Nearby with Deposits Host to 150 Million lbs Uranium

https://www.juniorminingnetwor…um-project-agreement.html

GR Silver Mining Completes Extensive IP and Ground Magnetic Geophysical Survey Connecting the San Marcial and San Juan Areas

TSX.V: GRSL
www.grsilvermining.com
Mr. Marcio Fonseca reports:
VANCOUVER, BC, Oct. 5, 2021 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces the completion of the 3D DC resistivity, induced polarization ("IP") and ground magnetic geophysical survey covering over 7 km of prospective structural corridor as first step of a district-scale generative exploration program at the Plomosas Project, Sinaloa, Mexico.
Highlights:

• First-ever geophysical program links San Marcial resource with the recent GAP Area discovery and the San Juan resource
• A combined 71 kilometres of resistivity, IP, and ground magnetic line coverage
• New shallow drill targets identified on the surveyed area including the vicinity of the San Marcial resource areas

https://www.juniorminingnetwor…l-and-san-juan-areas.html

Rolls-Royce set for huge nuclear power payday in Eastern Europe

Rolls-Royce to land ‘billions of pounds’ worth of orders for mini nuclear power stations from Eastern European nations

https://todayuknews.com/bankin…payday-in-eastern-europe/

Laramide Resource (LAM) - With Uranium Timing is Everything