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Clean Teq plans six-hole drill program at Phoenix zone
https://www.stockwatch.com/News/Item?bid=Z-C:CLQ-2959184&symbol=CLQ®ion=C
2020-09-02 19:48 ET - News Release
Mr. Sam Riggall reports
CLEAN TEQ ANNOUNCES LARGE AUSTRALIAN PLATINUM RESOURCE TO BE TESTED AT DEPTH
Clean Teq Holdings Ltd. has provided the following update on the company's platinum development activities at the company's wholly owned Sunrise project in New South Wales, Australia.
EXISTING PLATINUM RESOURCE -- OVER 1Moz DEFINED
The Sunrise Project is located approximately 5km northwest of Fifield, at the eastern end of an intrusion known as the Tout Intrusive Complex. The core of the intrusive body is a dunitic, olivine-rich igneous rock of ultramafic composition, exhibiting a coarse-grained texture and surrounded by pyroxenite and gabbro.
The surface expression of this magmatic system is a nickel-cobalt-scandium bearing laterite that forms the ore reserve4 for the Sunrise Project. The laterite is the product of weathering and decomposition of one or more dunite pipes, resulting in the gradual concentration of metals near surface.
The Sunrise laterite hosts a significant resource of 103.1 Mt @ 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. As shown by the drill intersections cited above, while the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.
Current interpretations of platinum distributions across the laterite suggest that the higher-grade accumulations have formed above one or more primary platinum sources within the underlying dunite. This has resulted in two zones of higher-grade accumulation -- one in the east and one in the west -- separated by a paleochannel, assumed to be comprised of mostly barren sediment.
In the late 19th century Fifield was the world's largest source of platinum and the site of the only primary platinum mine in Australia. In more recent years, small scale platinum mining took place in alluvial leads and gravels. Within the Fifield Platinum Province approximately 20,000 oz of platinum, with accessory gold, has been mined from three buried channels radiating out from the Fifield township. A number of studies over previous decades have proposed that the alluvial leads within the Fifield area may have originated from the platinum within the Sunrise intrusive.
The Fifield Platinum Province contains mineralisation that appears analogous to Alaskan-type ultramafic systems, often hosting extensive platinum group element (PGE) mineralization, including platinum (Pt), palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru). These include deposits located at Nizhny-Tagil in Russia and the Bushveld Complex in South Africa. South Africa, Russia and Zimbabwe currently account for 85 per cent of global PGE production.
Clean Teq plans six-hole drill program at Phoenix zone
https://www.stockwatch.com/News/Item?bid=Z-C:CLQ-2959184&symbol=CLQ®ion=C
2020-09-02 19:48 ET - News Release
Mr. Sam Riggall reports
CLEAN TEQ ANNOUNCES LARGE AUSTRALIAN PLATINUM RESOURCE TO BE TESTED AT DEPTH
Clean Teq Holdings Ltd. has provided the following update on the company's platinum development activities at the company's wholly owned Sunrise project in New South Wales, Australia.
EXISTING PLATINUM RESOURCE -- OVER 1Moz DEFINED
The Sunrise Project is located approximately 5km northwest of Fifield, at the eastern end of an intrusion known as the Tout Intrusive Complex. The core of the intrusive body is a dunitic, olivine-rich igneous rock of ultramafic composition, exhibiting a coarse-grained texture and surrounded by pyroxenite and gabbro.
The surface expression of this magmatic system is a nickel-cobalt-scandium bearing laterite that forms the ore reserve4 for the Sunrise Project. The laterite is the product of weathering and decomposition of one or more dunite pipes, resulting in the gradual concentration of metals near surface.
The Sunrise laterite hosts a significant resource of 103.1 Mt @ 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. As shown by the drill intersections cited above, while the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.
Current interpretations of platinum distributions across the laterite suggest that the higher-grade accumulations have formed above one or more primary platinum sources within the underlying dunite. This has resulted in two zones of higher-grade accumulation -- one in the east and one in the west -- separated by a paleochannel, assumed to be comprised of mostly barren sediment.
In the late 19th century Fifield was the world's largest source of platinum and the site of the only primary platinum mine in Australia. In more recent years, small scale platinum mining took place in alluvial leads and gravels. Within the Fifield Platinum Province approximately 20,000 oz of platinum, with accessory gold, has been mined from three buried channels radiating out from the Fifield township. A number of studies over previous decades have proposed that the alluvial leads within the Fifield area may have originated from the platinum within the Sunrise intrusive.
The Fifield Platinum Province contains mineralisation that appears analogous to Alaskan-type ultramafic systems, often hosting extensive platinum group element (PGE) mineralization, including platinum (Pt), palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru). These include deposits located at Nizhny-Tagil in Russia and the Bushveld Complex in South Africa. South Africa, Russia and Zimbabwe currently account for 85 per cent of global PGE production.
Die Deutsche Lithium GmbH... eine Ausgründung des seit 2017 insolventen Solar World-Konzerns
[url=https://peketec.de/trading/viewtopic.php?p=2000315#2000315 schrieb:greenhorn schrieb am 03.09.2020, 15:47 Uhr[/url]"]wie hieß gleich die Firma die im Erzgebirge Lithium abbauen will?
https://www.faz.net/aktuell/wirtsch...-zu-seltenen-rohstoffen-sichern-16936381.html
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Nachtrag: ITH
Int'l Tower's 3 largest holders acquire 5.67M shares
2020-09-02 17:24 ET - News Release
Mr. Karl Hanneman reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES $7.9 MILLION PARTICIPATION BY EXISTING MAJOR SHAREHOLDERS IN US $10.3 MILLION PUBLIC ATM OFFERING
International Tower Hill Mines Ltd.'s existing three largest shareholders have each taken their pro rata share of a $10.3-million (U.S.) at-the-market (ATM) offering, pursuant to which the company has issued 5,670,997 common shares (representing 3 per cent of the 187.6 million shares previously issued and outstanding) at the Sept. 1, 2020, closing market price of $1.40 (U.S.) per share for aggregate gross proceeds of $7.9-million (U.S.).
On August 31, 2020, the Company entered into a sales agreement with B. Riley Securities, Inc. ("B. Riley"), pursuant to which the Company will be entitled, at its discretion and from time-to-time during the term of the sales agreement, to sell through B. Riley such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US $10.3 million (the "Offering"). No offers or sales of common shares will be made in Canada through the facilities of the Toronto Stock Exchange or other trading markets.
Under the already closed portion of the Offering, each of the existing three largest shareholders of the Company elected to purchase their pro-rata share: Paulson & Co. Inc. ("Paulson"), which acquired 2,337,410 shares, Sprott Asset Management USA ("Sprott"), which acquired 1,111,386 shares, and Electrum Strategic Opportunities Fund II, L.P. ("Electrum"), which acquired 1,042,201 shares. Kopernik Global Investors LLC ("Kopernik"), the Company's fourth largest shareholder, elected to increase its participation by several times its pro-rata share, and acquired 1,180,000 shares. Following completion of the Offering, it is anticipated that Paulson will own approximately 31.8% of the issued and outstanding shares, Sprott will own 15.1%, Electrum will own 14.2%, and Kopernik will own 4.6%.
The Company intends to raise an additional US $2.4 million through the ATM as market conditions warrant (representing approximately 1% of the September 1, 2020 market cap of approximately US $260 million). The Company intends to use the proceeds of the Offering for working capital and general corporate purposes, including the completion of the Pre-Feasibility Study ("PFS") announced on July 15, 2020 to further de-risk the Livengood Gold Project and for environmental baseline studies.
The Offering is being made through B. Riley as sales agent. The prospectus supplement filed by the company on September 1, 2020 adds to, updates or otherwise changes information contained in the accompanying prospectus contained in a shelf registration statement on Form S-3 (File No. 333-240276). Prospective investors should read the prospectus, the prospectus supplement and other documents the Company has filed with the SEC (some of which are incorporated by reference into the prospectus and prospectus supplement) for more complete information about the Company, the ATM and the risks the Company currently faces. You may obtain copies of the prospectus supplement and accompanying prospectus relating to the offering without charge by visiting the SEC's website at www.sec.gov.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest of the Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
https://www.stockwatch.com/News/Item?bid=Z-C:ITH-2959121&symbol=ITH®ion=C
Int'l Tower's 3 largest holders acquire 5.67M shares
2020-09-02 17:24 ET - News Release
Mr. Karl Hanneman reports
INTERNATIONAL TOWER HILL MINES ANNOUNCES $7.9 MILLION PARTICIPATION BY EXISTING MAJOR SHAREHOLDERS IN US $10.3 MILLION PUBLIC ATM OFFERING
International Tower Hill Mines Ltd.'s existing three largest shareholders have each taken their pro rata share of a $10.3-million (U.S.) at-the-market (ATM) offering, pursuant to which the company has issued 5,670,997 common shares (representing 3 per cent of the 187.6 million shares previously issued and outstanding) at the Sept. 1, 2020, closing market price of $1.40 (U.S.) per share for aggregate gross proceeds of $7.9-million (U.S.).
On August 31, 2020, the Company entered into a sales agreement with B. Riley Securities, Inc. ("B. Riley"), pursuant to which the Company will be entitled, at its discretion and from time-to-time during the term of the sales agreement, to sell through B. Riley such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US $10.3 million (the "Offering"). No offers or sales of common shares will be made in Canada through the facilities of the Toronto Stock Exchange or other trading markets.
Under the already closed portion of the Offering, each of the existing three largest shareholders of the Company elected to purchase their pro-rata share: Paulson & Co. Inc. ("Paulson"), which acquired 2,337,410 shares, Sprott Asset Management USA ("Sprott"), which acquired 1,111,386 shares, and Electrum Strategic Opportunities Fund II, L.P. ("Electrum"), which acquired 1,042,201 shares. Kopernik Global Investors LLC ("Kopernik"), the Company's fourth largest shareholder, elected to increase its participation by several times its pro-rata share, and acquired 1,180,000 shares. Following completion of the Offering, it is anticipated that Paulson will own approximately 31.8% of the issued and outstanding shares, Sprott will own 15.1%, Electrum will own 14.2%, and Kopernik will own 4.6%.
The Company intends to raise an additional US $2.4 million through the ATM as market conditions warrant (representing approximately 1% of the September 1, 2020 market cap of approximately US $260 million). The Company intends to use the proceeds of the Offering for working capital and general corporate purposes, including the completion of the Pre-Feasibility Study ("PFS") announced on July 15, 2020 to further de-risk the Livengood Gold Project and for environmental baseline studies.
The Offering is being made through B. Riley as sales agent. The prospectus supplement filed by the company on September 1, 2020 adds to, updates or otherwise changes information contained in the accompanying prospectus contained in a shelf registration statement on Form S-3 (File No. 333-240276). Prospective investors should read the prospectus, the prospectus supplement and other documents the Company has filed with the SEC (some of which are incorporated by reference into the prospectus and prospectus supplement) for more complete information about the Company, the ATM and the risks the Company currently faces. You may obtain copies of the prospectus supplement and accompanying prospectus relating to the offering without charge by visiting the SEC's website at www.sec.gov.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest of the Livengood Gold Project, located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
https://www.stockwatch.com/News/Item?bid=Z-C:ITH-2959121&symbol=ITH®ion=C
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Sabina Gold drills 32.2 m of 19.89 g/t Au at Back River
2020-09-03 07:38 ET - News Release
Mr. Bruce McLeod reports
SABINA GOLD & SILVER CONTINUES TO INTERSECT EXCEPTIONAL HIGH GRADE FROM DRILLING AT UMWELT UNDERGROUND
Sabina Gold & Silver Corp. has released further results from drilling in the upper portions of the high-grade corridor at Umwelt underground on its 100-per-cent-owned Back River gold project in Nunavut, Canada.
Assay results from two new drill holes include: hole 20GSE575C, which returned 19.89 grams peer tonne gold over 32.20 metres, including 51.50 g/t Au over 8.20 m, and hole 20GSE574, which returned 5.88 g/t Au over 20.10 m. These strong Umwelt underground results are in addition to the assays from the first three drill holes that included 15.15 g/t Au over 19.40 m (hole 20GSE571), 12.64 g/t Au over 7.70 m (hole 20GSE572) and 13.72 g/t Au over 12.00 m (hole 20GSE573); see the news release dated Aug. 20, 2020.
Results continue to support the thesis of the continuity of a high-grade corridor extending from the high-grade Vault zone at depth to the lower limits of the current Umwelt open-pit design. Additional drilling at this target is under way with results to be released as they become available.
"The assay results from drill hole 20GSE575C rank as one of the best ever encountered on the project in terms of grade and thickness," said Bruce McLeod, president and chief executive officer. "The intercept results we are now getting in the upper portions of the Umwelt high-grade corridor are over twice the grade of the Umwelt underground resource. The tenor and robustness of gold mineralization we are seeing in this area just below the proposed Umwelt pit are very similar to the intercepts from Vault, approximately 600 m down plunge. We are very encouraged by these continued exceptional results that, with more drilling, we believe will enable modelling of higher-grade material to be released earlier in the mine life. This adjusted mine sequencing could have a significant positive impact on what is already a Tier 1 project. More drilling is currently under way to better delineate these high-grade zones, which could improve the grade in our resource and reserve estimates. To further support this drilling, we are preparing to drive an underground exploration ramp to access these areas from underground."
.......
https://www.stockwatch.com/News/Item?bid=Z-C:SBB-2959296&symbol=SBB®ion=C
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Anaconda drills three m of 16.79 g/t Au at Goldboro
2020-09-03 07:21 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING INTERSECTS 16.79 G/T GOLD OVER 3.0 METRES AND 9.78 G/T GOLD OVER 5.0 METRES AT GOLDBORO, EXPANDS DRILL PROGRAM TO 15,000 METRES
Anaconda Mining Inc. has released initial drill results from the 5,500-metre drill program announced on June 10, 2020, at its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada. The drill program was designed to convert priority inferred mineral resources, considered proximal to planned development in the continuing feasibility study, into indicated mineral resources. To date, the drill program has included 4,860 metres of diamond drilling in 20 holes with assays returned for 10 holes, including holes BR-20-105 to BR-20-114. The drill program has intersected 13 mineralized zones including 11 with visible gold occurrences. Critically, the mineralized zones were consistently intersected near the area projected by the geological model.
Selected composited highlights from the drill program include:
......
https://www.stockwatch.com/News/Item?bid=Z-C:ANX-2959283&symbol=ANX®ion=C
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AU:CWX
03/09/2020 Carawine Acquires New Gold Project in WA
https://www.asx.com.au/asxpdf/20200903/pdf/44m8pbf1gxv2ts.pdf
03/09/2020 Carawine Acquires New Gold Project in WA
https://www.asx.com.au/asxpdf/20200903/pdf/44m8pbf1gxv2ts.pdf
Danke!
[url=https://peketec.de/trading/viewtopic.php?p=2000332#2000332 schrieb:µ schrieb am 03.09.2020, 16:29 Uhr[/url]"]Die Deutsche Lithium GmbH... eine Ausgründung des seit 2017 insolventen Solar World-Konzerns
[url=https://peketec.de/trading/viewtopic.php?p=2000315#2000315 schrieb:greenhorn schrieb am 03.09.2020, 15:47 Uhr[/url]"]wie hieß gleich die Firma die im Erzgebirge Lithium abbauen will?
https://www.faz.net/aktuell/wirtsch...-zu-seltenen-rohstoffen-sichern-16936381.html
Nevada Copper ZYT
https://elkodaily.com/mining/nevada-copper-back-in-production/article_c09097ac-d406-553b-97ef-978201f1c6d2.html
Da ich den Artikel nur über einen VPN einsehen kann hier mal der ganze Text, sofern noch nicht bekannt.
Nevada Copper Corp. is on track toward full copper production from the Pumpkin Hollow Mine at Yerington after a COVID-19 hiatus for company employees while the contractor Redpath continued underground development.
Work was also done on the mill in those months to “make it more efficient,” said Tim Dyhr, vice president for external and government relations for Nevada Copper. The new mill was completed at the end of 2019 and had started operating in January and February before the company halted processing.
By early August, the company was calling back workers to begin ramping up for production that Dyhr said could take six months to reach “steady state.”
“There is a lot of work to get 5,000 tons of material a day. All those moving parts have to be synchronized,” he said in a phone interview.
Employment figures for Aug. 7 included 84 Nevada Copper employees, 115 Redpath consultants and 37 other contractors and consultants for a total of 236 workers. Roughly 40 percent are from Lyon County, including Yerington, Dyhr said.
Before the coronavirus and shutdown, Nevada Copper had about 100 employees, with some of those being laid off and some furloughed until the recall. The shutdown began in early April.
Arrangements call for copper concentrate to be hauled roughly 65 miles by truck from Yerington to the Tahoe Reno Industrial Center east of Reno to Nevada Copper’s truck-to-rail transload facility. The spur leads to the Union Pacific main line, and the concentrate will then head by rail to the West Coast for bulk shipment, according to Nevada Copper.
“There will eight to 10 trucks a day loaded with concentrate,” Dyhr said.
Redpath kept up its work on the underground mine while the mill was on care and maintenance, but Dyhr said coronavirus restrictions impacted the contractor, too. Only eight people at one time could be in the man cage that raises and lowers workers, usually 20 at a time, and they had to be masked.
Nevada Copper reported that the final East Main production shaft configuration and commissioning of the hoisting system in the production configuration was ahead of schedule and expected to be completed in the fourth quarter.
Meanwhile, copper is brought to the surface through the ventilation shaft, Dyhr said. The company had more than 150,000 tons of ore stockpiled for processing at the mill by early August.
The company announced in August that multiple key milestones were completed ahead of schedule on the final configuration of the East Main shaft, including that the shaft has been sunk and lined to final depth, permanent production hoist systems were installed and the headframe configured for production.
Nevada Copper also stated that equipping the shaft below the surface was progressing ahead of schedule, and the surface materials handling infrastructure has been completed and moved to the southside of the headframe.
As the shaft work continued, lateral development underground rates were ahead of revised plan targets, focusing on completing key underground infrastructure areas, improving access to ore, according to the company.
“We look forward to completing ramp-up of production at Pumpkin Hollow and continuing to advance our organic growth pipeline, including the open pit and exploration properties,” Nevada Copper Chief Executive Officer Evan Spencer said in an Aug. 6 news release.
The company developed the underground mine first and is advancing optimizations for a planned surface mine on the site through further exploration and infill drilling. The last program identified significant additional mineralization and indicated the ore body extends beyond the original pit boundary, Nevada Copper reported.
Dyhr said the focus now is on the underground operations and development of the surface mine depends upon financing and cash flow, as well as the new studies, but Nevada Copper already has permitting for the open pit mine.
Pumpkin Hollow is on private land following a land deal with the federal government. A 2015 bill in Congress allowed the U.S. Bureau of Land Management to sell more than 10,000 acres to the City of Yerington, which in turn conveyed all but 900 acres to Nevada Copper.
The federal land was valued at $1.8 million, and Nevada Copper paid for the arrangement that was finalized in 2016. Combined with land Nevada Copper already controlled, the land package grew to a little more than 10,860 acres.
Tailings from copper production are dry stacked, a process designed to save water in Mason Valley, where all the water rights are allocated, Dyhr said. Currently, the tailings go on a liner, but he said Nevada Copper hopes to demonstrate to the state that liners are not needed.
Dyhr said he is “very proud” of the dry-stack system that is more expensive but more environmentally friendly and conserves water. Traditionally, tailings require 8,000 acre-feet of water, but the dry-stacking method takes less than 4,000 acre-feet, for example.
Tailings are the solid waste material left behind after copper processing.
Nevada Copper also reported that it recently staked an additional land package totaling 680 acres contiguous to the current Pumpkin Hollow property for exploration potential.
The company has been down a long road toward full production at a project cost of $667 million. Bumps in the road in addition to COVID-19 included low copper prices that stalled shaft sinking in 2012 and efforts to obtain financing for Pumpkin Hollow.
Copper went below $2 per pound in 2012. Dyhr said the price was about $2.50 a pound in February and March of this year and rose to roughly $3 a pound this summer.
“I’ve been here 14 years, and the only reason I stay is that I like the project, and I like the town, and I want to see it happen,” Dyhr said.
The company was founded in 2005.
Nevada Copper reported in August that it had succeeded with certain capital agreements and entered into a streaming agreement with an affiliate of Triple Flag Precious Metals Corp. The streaming is for gold and silver production.
“We are very pleased with the strong demand from investors to participate in the company’s equity offering completed in July 2020 and would like to thank our existing shareholders and new institutional and retail investors for their support,” Evans said.
Pumpkin Hollow currently has a mine life of 14 years, but the open pit operation would add 20 years, Dyhr said.
He said Nevada Copper works closely with the community of Yerington and established the Pumpkin Hollow Community Advisory Council. The mine is roughly eight miles southeast of Pumpkin Hollow but is annexed into the city.
The advisory council toured Pumpkin Hollow in early August to view the mine and mill progress, Dyhr said.
“The site visit included the hoist house, headframe sub-collar, crusher, SAG (semi-autogenous grinding) mill, ball bill, flotation area, concentrate and tailings filter plant and the dry stack tailings, he said in an email after the tour.
Kellen Osborne of Redpath, the mining contractor for the underground development and shaft work, gave a presentation to the council, along with Nevada Copper managers Ryan Irvin, Tim Dake, Ian Larkins and Michael Bozarth.
The advisory council includes representatives of Lyon County, the City of Yerington, the Yerington Chamber of Commerce, the Northern Nevada Development Authority, Yerington Inn, Wild West Chevrolet, Snyder Land & Livestock, the Boys and Girls Club of Mason Valley, Yerington Theater for the Arts and the Yerington Paiute Tribe.
https://elkodaily.com/mining/nevada-copper-back-in-production/article_c09097ac-d406-553b-97ef-978201f1c6d2.html
Da ich den Artikel nur über einen VPN einsehen kann hier mal der ganze Text, sofern noch nicht bekannt.
Nevada Copper Corp. is on track toward full copper production from the Pumpkin Hollow Mine at Yerington after a COVID-19 hiatus for company employees while the contractor Redpath continued underground development.
Work was also done on the mill in those months to “make it more efficient,” said Tim Dyhr, vice president for external and government relations for Nevada Copper. The new mill was completed at the end of 2019 and had started operating in January and February before the company halted processing.
By early August, the company was calling back workers to begin ramping up for production that Dyhr said could take six months to reach “steady state.”
“There is a lot of work to get 5,000 tons of material a day. All those moving parts have to be synchronized,” he said in a phone interview.
Employment figures for Aug. 7 included 84 Nevada Copper employees, 115 Redpath consultants and 37 other contractors and consultants for a total of 236 workers. Roughly 40 percent are from Lyon County, including Yerington, Dyhr said.
Before the coronavirus and shutdown, Nevada Copper had about 100 employees, with some of those being laid off and some furloughed until the recall. The shutdown began in early April.
Arrangements call for copper concentrate to be hauled roughly 65 miles by truck from Yerington to the Tahoe Reno Industrial Center east of Reno to Nevada Copper’s truck-to-rail transload facility. The spur leads to the Union Pacific main line, and the concentrate will then head by rail to the West Coast for bulk shipment, according to Nevada Copper.
“There will eight to 10 trucks a day loaded with concentrate,” Dyhr said.
Redpath kept up its work on the underground mine while the mill was on care and maintenance, but Dyhr said coronavirus restrictions impacted the contractor, too. Only eight people at one time could be in the man cage that raises and lowers workers, usually 20 at a time, and they had to be masked.
Nevada Copper reported that the final East Main production shaft configuration and commissioning of the hoisting system in the production configuration was ahead of schedule and expected to be completed in the fourth quarter.
Meanwhile, copper is brought to the surface through the ventilation shaft, Dyhr said. The company had more than 150,000 tons of ore stockpiled for processing at the mill by early August.
The company announced in August that multiple key milestones were completed ahead of schedule on the final configuration of the East Main shaft, including that the shaft has been sunk and lined to final depth, permanent production hoist systems were installed and the headframe configured for production.
Nevada Copper also stated that equipping the shaft below the surface was progressing ahead of schedule, and the surface materials handling infrastructure has been completed and moved to the southside of the headframe.
As the shaft work continued, lateral development underground rates were ahead of revised plan targets, focusing on completing key underground infrastructure areas, improving access to ore, according to the company.
“We look forward to completing ramp-up of production at Pumpkin Hollow and continuing to advance our organic growth pipeline, including the open pit and exploration properties,” Nevada Copper Chief Executive Officer Evan Spencer said in an Aug. 6 news release.
The company developed the underground mine first and is advancing optimizations for a planned surface mine on the site through further exploration and infill drilling. The last program identified significant additional mineralization and indicated the ore body extends beyond the original pit boundary, Nevada Copper reported.
Dyhr said the focus now is on the underground operations and development of the surface mine depends upon financing and cash flow, as well as the new studies, but Nevada Copper already has permitting for the open pit mine.
Pumpkin Hollow is on private land following a land deal with the federal government. A 2015 bill in Congress allowed the U.S. Bureau of Land Management to sell more than 10,000 acres to the City of Yerington, which in turn conveyed all but 900 acres to Nevada Copper.
The federal land was valued at $1.8 million, and Nevada Copper paid for the arrangement that was finalized in 2016. Combined with land Nevada Copper already controlled, the land package grew to a little more than 10,860 acres.
Tailings from copper production are dry stacked, a process designed to save water in Mason Valley, where all the water rights are allocated, Dyhr said. Currently, the tailings go on a liner, but he said Nevada Copper hopes to demonstrate to the state that liners are not needed.
Dyhr said he is “very proud” of the dry-stack system that is more expensive but more environmentally friendly and conserves water. Traditionally, tailings require 8,000 acre-feet of water, but the dry-stacking method takes less than 4,000 acre-feet, for example.
Tailings are the solid waste material left behind after copper processing.
Nevada Copper also reported that it recently staked an additional land package totaling 680 acres contiguous to the current Pumpkin Hollow property for exploration potential.
The company has been down a long road toward full production at a project cost of $667 million. Bumps in the road in addition to COVID-19 included low copper prices that stalled shaft sinking in 2012 and efforts to obtain financing for Pumpkin Hollow.
Copper went below $2 per pound in 2012. Dyhr said the price was about $2.50 a pound in February and March of this year and rose to roughly $3 a pound this summer.
“I’ve been here 14 years, and the only reason I stay is that I like the project, and I like the town, and I want to see it happen,” Dyhr said.
The company was founded in 2005.
Nevada Copper reported in August that it had succeeded with certain capital agreements and entered into a streaming agreement with an affiliate of Triple Flag Precious Metals Corp. The streaming is for gold and silver production.
“We are very pleased with the strong demand from investors to participate in the company’s equity offering completed in July 2020 and would like to thank our existing shareholders and new institutional and retail investors for their support,” Evans said.
Pumpkin Hollow currently has a mine life of 14 years, but the open pit operation would add 20 years, Dyhr said.
He said Nevada Copper works closely with the community of Yerington and established the Pumpkin Hollow Community Advisory Council. The mine is roughly eight miles southeast of Pumpkin Hollow but is annexed into the city.
The advisory council toured Pumpkin Hollow in early August to view the mine and mill progress, Dyhr said.
“The site visit included the hoist house, headframe sub-collar, crusher, SAG (semi-autogenous grinding) mill, ball bill, flotation area, concentrate and tailings filter plant and the dry stack tailings, he said in an email after the tour.
Kellen Osborne of Redpath, the mining contractor for the underground development and shaft work, gave a presentation to the council, along with Nevada Copper managers Ryan Irvin, Tim Dake, Ian Larkins and Michael Bozarth.
The advisory council includes representatives of Lyon County, the City of Yerington, the Yerington Chamber of Commerce, the Northern Nevada Development Authority, Yerington Inn, Wild West Chevrolet, Snyder Land & Livestock, the Boys and Girls Club of Mason Valley, Yerington Theater for the Arts and the Yerington Paiute Tribe.
Guten Morgen! 
hab das mal durch translate gejagt:
Nevada Copper Corp. ist auf dem Weg zur vollständigen Kupferproduktion aus der Pumpkin Hollow Mine in Yerington nach einer COVID-19-Pause für Mitarbeiter des Unternehmens, während der Auftragnehmer Redpath die unterirdische Entwicklung fortsetzte.
In diesen Monaten wurde auch an der Mühle gearbeitet, um „sie effizienter zu machen“, sagte Tim Dyhr, Vizepräsident für Außen- und Regierungsbeziehungen bei Nevada Copper. Die neue Mühle wurde Ende 2019 fertiggestellt und im Januar und Februar in Betrieb genommen, bevor das Unternehmen die Verarbeitung einstellte.
Anfang August rief das Unternehmen die Arbeiter zurück, um mit der Produktion zu beginnen. Dyhr sagte, es könne sechs Monate dauern, bis der „stabile Zustand“ erreicht sei.
„Es gibt viel Arbeit, um 5.000 Tonnen Material pro Tag zu beschaffen. Alle diese beweglichen Teile müssen synchronisiert werden “, sagte er in einem Telefoninterview.
Die Beschäftigungszahlen für den 7. August umfassten 84 Mitarbeiter von Nevada Copper, 115 Redpath-Berater und 37 andere Auftragnehmer und Berater für insgesamt 236 Mitarbeiter. Rund 40 Prozent stammen aus dem Landkreis Lyon, einschließlich Yerington, sagte Dyhr.
Vor dem Coronavirus und dem Herunterfahren hatte Nevada Copper etwa 100 Mitarbeiter, von denen einige entlassen und einige bis zum Rückruf beurlaubt waren. Die Abschaltung begann Anfang April.
Die Vereinbarungen sehen vor, dass Kupferkonzentrat etwa 65 Meilen mit dem LKW von Yerington zum Tahoe Reno Industrial Center östlich von Reno zur Truck-to-Rail-Umladeanlage von Nevada Copper transportiert wird. Der Sporn führt zur Hauptstrecke Union Pacific, und das Konzentrat wird dann laut Nevada Copper per Bahn an die Westküste zum Massenversand fahren.
"Es werden acht bis zehn Lastwagen pro Tag mit Konzentrat beladen", sagte Dyhr.
Redpath setzte seine Arbeiten an der unterirdischen Mine fort, während die Mühle gepflegt und gewartet wurde, aber Dyhr sagte, dass die Einschränkungen des Coronavirus auch den Auftragnehmer betrafen. Es konnten sich jeweils nur acht Personen in dem Käfig befinden, in dem die Arbeiter angehoben und abgesenkt werden, normalerweise jeweils 20, und sie mussten maskiert werden.
Nevada Copper berichtete, dass die endgültige Konfiguration des East Main-Produktionsschachts und die Inbetriebnahme des Hebesystems in der Produktionskonfiguration vor dem Zeitplan lagen und voraussichtlich im vierten Quartal abgeschlossen sein werden.
Währenddessen wird Kupfer durch den Lüftungsschacht an die Oberfläche gebracht, sagte Dyhr. Bis Anfang August hatte das Unternehmen mehr als 150.000 Tonnen Erz für die Verarbeitung in der Mühle gelagert.
Das Unternehmen gab im August bekannt, dass mehrere wichtige Meilensteine ​​bei der endgültigen Konfiguration des East Main-Schachtes vorzeitig abgeschlossen wurden, darunter, dass der Schacht bis zur endgültigen Tiefe versenkt und ausgekleidet wurde, permanente Produktionsaufzugssysteme installiert und der Kopfrahmen für die Produktion konfiguriert wurden.
Nevada Copper gab außerdem an, dass die Ausstattung des Schachtes unter der Oberfläche vorzeitig erfolgte und die Infrastruktur für die Handhabung von Oberflächenmaterialien fertiggestellt und an die Südseite des Kopfrahmens verlegt wurde.
Während die Schachtarbeiten fortgesetzt wurden, lagen die seitlichen Untergrundentwicklungsraten vor den überarbeiteten Planzielen und konzentrierten sich nach Angaben des Unternehmens auf die Fertigstellung wichtiger unterirdischer Infrastrukturbereiche und die Verbesserung des Zugangs zu Erz.
"Wir freuen uns darauf, den Produktionsanlauf bei Pumpkin Hollow abzuschließen und unsere Pipeline für organisches Wachstum, einschließlich der Tagebau- und Explorationsimmobilien, weiter voranzutreiben", sagte Evan Spencer, Chief Executive Officer von Nevada Copper, in einer Pressemitteilung vom 6. August.
Das Unternehmen hat zuerst die unterirdische Mine entwickelt und treibt die Optimierungen für eine geplante Oberflächenmine auf dem Gelände durch weitere Explorations- und Infill-Bohrungen voran. Das letzte Programm identifizierte eine signifikante zusätzliche Mineralisierung und zeigte, dass sich der Erzkörper über die ursprüngliche Grubengrenze hinaus erstreckt, berichtete Nevada Copper.
Dyhr sagte, der Fokus liege jetzt auf dem unterirdischen Betrieb und die Entwicklung der Oberflächenmine hänge von der Finanzierung und dem Cashflow sowie den neuen Studien ab, aber Nevada Copper habe bereits die Genehmigung für die Tagebaumine erhalten.
Pumpkin Hollow befindet sich nach einem Landabkommen mit der Bundesregierung auf privatem Land. Eine Gesetzesvorlage von 2015 im Kongress ermöglichte es dem US-amerikanischen Bureau of Land Management, mehr als 10.000 Acres an die Stadt Yerington zu verkaufen, die wiederum alle bis auf 900 Acres an Nevada Copper übermittelte.
Das Bundesland hatte einen Wert von 1,8 Millionen US-Dollar, und Nevada Copper bezahlte die Vereinbarung, die 2016 abgeschlossen wurde. In Kombination mit dem bereits kontrollierten Land Nevada Copper wuchs das Landpaket auf etwas mehr als 10.860 Acres.
Rückstände aus der Kupferproduktion werden trocken gestapelt, ein Verfahren zur Wassereinsparung im Mason Valley, wo alle Wasserrechte vergeben werden, sagte Dyhr. Derzeit gehen die Rückstände auf einem Liner, aber er sagte, Nevada Copper hoffe, dem Staat zu demonstrieren, dass Liner nicht benötigt werden.
Dyhr sagte, er sei „sehr stolz“ auf das Trockenstapelsystem, das teurer, aber umweltfreundlicher ist und Wasser spart. Traditionell benötigen Rückstände 8.000 Morgen Wasser, aber das Trockenstapelverfahren benötigt zum Beispiel weniger als 4.000 Morgen Wasser.
Rückstände sind das feste Abfallmaterial
[url=https://peketec.de/trading/viewtopic.php?p=2000660#2000660 schrieb:
Moin, liest sich alles gut nach meiner Einschätzung, im weitesten Sinne ahead of schedule, more efficient .. etc. der Kurs spricht irgendwie nicht dafür. 
Aus Erfahrung kann mansagen, dass man (meist) nicht schlauer ist als die Insider / Markt warum also ist das Interesse so mau, wenn alles wieder positiv anläuft.? Glaubt man nicht an einen CU Preis > 3$ dauerhaft, sind sie bald wieder klamm? Können sie die Projekterweiterung aus dem CashFlow bezahlen? oder steht dann zeitnah eine erneute Finanzierungsproblematik an? gibt s doch Absichten der großen Stakeholder, die Bude "hops" gehen zu lassen und sich dann einzuverleiben? Bin hier noch mit Schneitt 0,10€ am Start, könnte besser sein
Aus Erfahrung kann mansagen, dass man (meist) nicht schlauer ist als die Insider / Markt warum also ist das Interesse so mau, wenn alles wieder positiv anläuft.? Glaubt man nicht an einen CU Preis > 3$ dauerhaft, sind sie bald wieder klamm? Können sie die Projekterweiterung aus dem CashFlow bezahlen? oder steht dann zeitnah eine erneute Finanzierungsproblematik an? gibt s doch Absichten der großen Stakeholder, die Bude "hops" gehen zu lassen und sich dann einzuverleiben? Bin hier noch mit Schneitt 0,10€ am Start, könnte besser sein [url=https://peketec.de/trading/viewtopic.php?p=2000719#2000719 schrieb:greenhorn schrieb am 07.09.2020, 09:16 Uhr[/url]"]
hab das mal durch translate gejagt:
Nevada Copper Corp. ist auf dem Weg zur vollständigen Kupferproduktion aus der Pumpkin Hollow Mine in Yerington nach einer COVID-19-Pause für Mitarbeiter des Unternehmens, während der Auftragnehmer Redpath die unterirdische Entwicklung fortsetzte.
....
[url=https://peketec.de/trading/viewtopic.php?p=2000660#2000660 schrieb:
bin auch mit drin
Metals Stocks
Gold prices shift higher as traders take cues from a dollar rally and a global, tech-led stock selloff
Gold futures reversed course to trade higher Tuesday, with the haven metal finding support as global stocks sank and as the U.S. dollar eased back a bit from its earlier highs.
Continued U.S.-China tension, the upcoming U.S. presidential elections, the pandemic, and “currency dislocation are adding to reasons for gold buyers to add on bigger dips” in prices, said George Gero, managing director at RBC Wealth Management, in a daily note. ...
https://www.marketwatch.com/story/g...bal-tech-led-selloff-2020-09-08?mod=hp_LATEST
Gold prices shift higher as traders take cues from a dollar rally and a global, tech-led stock selloff
Gold futures reversed course to trade higher Tuesday, with the haven metal finding support as global stocks sank and as the U.S. dollar eased back a bit from its earlier highs.
Continued U.S.-China tension, the upcoming U.S. presidential elections, the pandemic, and “currency dislocation are adding to reasons for gold buyers to add on bigger dips” in prices, said George Gero, managing director at RBC Wealth Management, in a daily note. ...
https://www.marketwatch.com/story/g...bal-tech-led-selloff-2020-09-08?mod=hp_LATEST
Philippines Central Bank Adopts Policy of Active Gold Trading
Die philippinische Zentralbank verlagert sich auf aktiven Goldhandel, da die Währungsbehörde versucht, die internationalen Reserven des Landes besser zu verwalten, sagte Gouverneur Benjamin Diokno am Samstag.
Die Bank hat sich vom „passiven“ Goldhandel verabschiedet, weil sich die Preisdynamik des Metalls geändert hat, ein neues Gesetz, das Käufe von kleinen Bergleuten attraktiver macht und die rekordhohen Reserven des Landes, sagte Diokno in einem Mobiltelefon Nachricht an Reporter.
Der Goldrausch der Zentralbanken wird verstärkt, wenn sich die Philippinen Push anschließen
Studien zeigen, dass der optimale Portfoliomix von Gold zu Reserven 9,8% betragen sollte, während eine Umfrage der Weltbank laut Diokno rund 9,55% ergab. Die philippinische Quote übersteigt 10%.
Die Bangko Sentral ng Pilipinas "werden in ihrem Reservemanagement immer opportunistisch sein", sagte der Chef der Zentralbank. Das Land verbuchte Ende Juli Bruttoreserven in Höhe von 98 Milliarden US-Dollar.
Die philippinische Zentralbank verlagert sich auf aktiven Goldhandel, da die Währungsbehörde versucht, die internationalen Reserven des Landes besser zu verwalten, sagte Gouverneur Benjamin Diokno am Samstag.
Die Bank hat sich vom „passiven“ Goldhandel verabschiedet, weil sich die Preisdynamik des Metalls geändert hat, ein neues Gesetz, das Käufe von kleinen Bergleuten attraktiver macht und die rekordhohen Reserven des Landes, sagte Diokno in einem Mobiltelefon Nachricht an Reporter.
Der Goldrausch der Zentralbanken wird verstärkt, wenn sich die Philippinen Push anschließen
Studien zeigen, dass der optimale Portfoliomix von Gold zu Reserven 9,8% betragen sollte, während eine Umfrage der Weltbank laut Diokno rund 9,55% ergab. Die philippinische Quote übersteigt 10%.
Die Bangko Sentral ng Pilipinas "werden in ihrem Reservemanagement immer opportunistisch sein", sagte der Chef der Zentralbank. Das Land verbuchte Ende Juli Bruttoreserven in Höhe von 98 Milliarden US-Dollar.
As Gold Rally Struggles Investors Seen as Growing Concerned -- Market Talk
1315 GMT - Investors are getting nervous that gold's rally might have peaked, Georgette Boelle, precious metals strategist at ABN AMRO, tells Dow Jones. "Gold really is struggling," she says, noting that even as the dollar hit record lows in August gold couldn't breach $2,000 an ounce. "The overall picture is quite positive but investors have bought into gold a lot and ETF positions are quite extreme," she says. A drop below $1,900 could be dangerous as investors might take profits on what has been gold's strongest rally since 2012, she says. "It took us seven or eight years to get to these levels and investors are thinking 'if we fall below $1,900 we might not see these levels for another decade.'" ( william.horner@wsj.com )
(END) Dow Jones Newswires; September 09, 2020 09:15 ET (13:15 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
1315 GMT - Investors are getting nervous that gold's rally might have peaked, Georgette Boelle, precious metals strategist at ABN AMRO, tells Dow Jones. "Gold really is struggling," she says, noting that even as the dollar hit record lows in August gold couldn't breach $2,000 an ounce. "The overall picture is quite positive but investors have bought into gold a lot and ETF positions are quite extreme," she says. A drop below $1,900 could be dangerous as investors might take profits on what has been gold's strongest rally since 2012, she says. "It took us seven or eight years to get to these levels and investors are thinking 'if we fall below $1,900 we might not see these levels for another decade.'" ( william.horner@wsj.com )
(END) Dow Jones Newswires; September 09, 2020 09:15 ET (13:15 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
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Freehold president, CEO Mullane resigns
2020-09-08 19:25 ET - News Release
Mr. Marvin Romanow reports
FREEHOLD ROYALTIES LTD. ANNOUNCES RESIGNATION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER
Thomas Mullane, president and chief executive officer of Freehold Royalties Ltd., has resigned, effective today. David Spyker, chief operating officer, has been appointed to the role of interim president and chief executive officer during the formal process of identifying a permanent chief executive officer.
Mr. Mullane joined Freehold in July, 2012, and was appointed president and chief executive officer in May, 2013.
Marvin Romanow, chair of the board, said, "The board of directors of Freehold is grateful for the many contributions Mr. Mullane has made to Freehold during his tenure and wishes him well in his future endeavours."
Mr. Spyker has over 30 years of industry experience and joined Freehold as vice-president, production, in November, 2016, and was appointed chief operating officer in March, 2019.
"The board of directors of Freehold expects that Mr. Spyker will continue to bring strong leadership and strategic direction to Freehold," said Mr. Romanow.
Freehold's objective, as a leading royalty company, is to deliver lower-risk attractive returns to shareholders over the long term.
https://www.stockwatch.com/News/Item?bid=Z-C:FRU-2960672&symbol=FRU®ion=C
Folgt nach dem Abverkauf bei Tech-Werten nun der Gold-Crash?
Ergeht es den Edelmetallen gleich wie den Tech-Werten? Nach dem Rausch folgt der Kater? Das aktuelle Bild bei Gold spricht dagegen. Noch.
New York/ London (Godmode-Trader.de) - Der scharfe Einbruch der Technologiewerte an der Nasdaq hat die wochenlang vorherrschende Zuversicht der Anleger in Luft aufgelöst. Der Nasdaq 100 hat innerhalb von nur vier Handelstagen um gut 11 Prozent korrigiert. Die Nervosität der Anleger ist gestiegen, und es ist aktuell offenbar kaum jemand bereit, langfristige Positionen einzugehen. Fraglich ist nun, ob der Markt inzwischen einen Boden gefunden hat, oder sich die Korrektur fortsetzt. „Bisher gibt es keine Antwort auf die aktuell am häufigsten gestellte Frage: Es bleibt offen, ob wir uns in einer normalen Korrektur befinden oder am Auftakt des zweiten großen Sell-offs in diesem Jahr", erklärte Portfoliomanager Thomas Altmann von QC Partners. ...
https://www.godmode-trader.de/artik...uf-bei-tech-werten-nun-der-gold-crash,8691266
Ergeht es den Edelmetallen gleich wie den Tech-Werten? Nach dem Rausch folgt der Kater? Das aktuelle Bild bei Gold spricht dagegen. Noch.
New York/ London (Godmode-Trader.de) - Der scharfe Einbruch der Technologiewerte an der Nasdaq hat die wochenlang vorherrschende Zuversicht der Anleger in Luft aufgelöst. Der Nasdaq 100 hat innerhalb von nur vier Handelstagen um gut 11 Prozent korrigiert. Die Nervosität der Anleger ist gestiegen, und es ist aktuell offenbar kaum jemand bereit, langfristige Positionen einzugehen. Fraglich ist nun, ob der Markt inzwischen einen Boden gefunden hat, oder sich die Korrektur fortsetzt. „Bisher gibt es keine Antwort auf die aktuell am häufigsten gestellte Frage: Es bleibt offen, ob wir uns in einer normalen Korrektur befinden oder am Auftakt des zweiten großen Sell-offs in diesem Jahr", erklärte Portfoliomanager Thomas Altmann von QC Partners. ...
https://www.godmode-trader.de/artik...uf-bei-tech-werten-nun-der-gold-crash,8691266
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Petrotal expects to open Bretana oil field in a few days
2020-09-09 06:23 ET - News Release
Mr. Manuel Zuniga-Pflucker reports
PETROTAL PROVIDES UPDATE ON THE BRETANA OIL FIELD
Petrotal Corp. expects and is ready to reopen the Bretana oil field as soon as the continuing discussions between the communities and the government of Peru have been ratified, which is expected in the next few days as reported by government officials. Petrotal commends the efforts of all parties to reach a negotiated settlement that will ultimately benefit the communities, the Peruvian government and all operating companies, including Petrotal.
On Aug. 28, 2020, the government of Peru announced a supreme decree approving the financial gap closure plan within a number of provinces in northeastern Peru, including Loreto, the area where Petrotal operates the Bretana oil field. Petrotal welcomes the announcement that the decree provides for a six-year financial commitment of approximately $1.7-billion (U.S.) (six billion Peruvian new soles) to the communities, of which $46-million (U.S.) (162 million Peruvian new soles) will be designated for economic development of the localities over the next four months, by the Peruvian government. The decree specifically addresses the local community participation criteria and takes steps to ensure that the financing process is properly monitored to ensure maximum benefit to the communities. The published decree can be found on-line.
Since the announcement of the decree, which Petrotal strongly supports, government and municipality representatives have been consulting with the community representatives on the decree. After meeting with the Bretana community in the coming days, it is expected that Petrotal will restart oil production shortly thereafter.
In order to fully support the collective efforts of the communities and the government to reach an acceptable financing solution, Petrotal remains awaiting government agreements. Petrotal acknowledges the efforts at all levels of the Peruvian government to resolve the recent social disruption and to ensure a long-term solution is in place to minimize future disruptions. Equally, the company acknowledges the support received from the Bretana community.
Further updates on the reopening of the Bretana field and export of oil into the pipeline will be provided as and when appropriate.
About Petrotal Corp.
Petrotal is a publicly traded, dual-quoted, oil and gas development and production company domiciled in Calgary, Alta., focused on the development of oil assets in Peru. Petrotal's flagship asset is its 100-per-cent working interest in the Bretana oil field in Peru's block 95, where oil production was initiated in June, 2018, and in early 2020, became the second-largest crude oil producer in Peru. Additionally, the company has large exploration prospects and is engaged in finding a partner to drill the Osheki prospect in block 107. The company's management team has significant experience in developing and exploring for oil in northern Peru, and is led by a board of directors that is focused on safely and cost-effectively developing the Bretana oil field
https://www.stockwatch.com/News/Item?bid=Z-C:TAL-2960738&symbol=TAL®ion=C
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Harfang sells Kali project to QCX Gold
2020-09-09 08:43 ET - News Release
Mr. Francois Goulet reports
HARFANG SELLS ITS KALI PROJECT, JAMES BAY (QUEBEC)
Harfang Exploration Inc. has sold 100 per cent of its right, title and interest in and to the Kali project to QCX Gold Corp. The Kali project consists of 193 mining claims covering approximately 10,127 hectares, located in the James Bay Lowlands area of Quebec.
"As a project generator, Harfang is pleased to have entered into an agreement with QCX Gold in respect of the sale of the Kali project. The completion of the transaction will allow Harfang's technical team to fully focus on our flagship Serpent gold project and continue advancing its exploration," said Francois Goulet, president and chief executive officer of Harfang.
Transaction terms
The transaction is being carried out pursuant to the terms of an arm's-length mining claim acquisition agreement dated Sept. 6, 2020, between Harfang and QCX Gold. In order to complete the transaction and in accordance with the terms of the agreement, QCX Gold will issue to Harfang an aggregate of 1.75 million common shares, and grant in favour of Harfang a 2.5-per-cent net smelter returns royalty, with no buyback option, in respect of the Kali project.
The transaction remains subject to receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
About Harfang Exploration Inc.
Harfang is a mining exploration company whose primary mission is to discover new gold districts in the province of Quebec. Harfang's development model is based on the generation of new mining projects and on the establishment of partnerships with major exploration and mining companies to advance its exploration projects.
https://www.stockwatch.com/News/Item?bid=Z-C:HAR-2960909&symbol=HAR®ion=C