Aurion’s flagship properties are the wholly-owned Risti and Launi initiatives that happen alongside the 125-km lengthy Sirkka Shear zone, about 900 km north of Helsinki. The corporate has made a number of gold discoveries at Risti and just lately introduced the invention of recent gold-bearing zones at Launi East.
The corporate has had success drilling near-surface gold mineralization on the Aamurusko targets at Risti. Highlights from drilling the Aamurusko Predominant zone have included 2.9 metres grading 789.06 grams gold per tonne (together with 0.7 metre of three,510 grams gold per tonne); 4 metres at 42.28 grams gold per tonne; 4.8 metres at 24.5 grams gold; and three.5 metres at 22.63 grams gold. The Hole zone returned 3.1 metres grading 4.54 grams gold; 7.8 metres of 1.69 grams gold; 3.5 metres at 1.55 grams gold; and three.4 metres at 1.51 grams gold. The Aamurusko Northwest zone returned 28.22 metres grading 9.42 grams gold; 11.1 metres at 23.41 grams gold; and 19 metres at 6.84 grams gold.
All three zones at Risiti — Aamurusko Predominant, the Hole zone and Aamurusko Northwest zones — are open at depth. And the mineralization is open alongside strike in each instructions.
The primary exploration on the Launi East block, abutting the Risti venture to the south, was carried out in 2019. It has not been drilled as closely as Risti, however highlights have included 63.9 grams gold per tonne over 0.37 metre and three.06 grams gold per tonne over 5.3 metres. The Launi West block, about 10 km from the Launi East block, has but to be examined.
Aurion says the regional potential at Risti and Launi is intensive, as there are tens of kilometres of potential structural developments but to be explored. Gold in until anomalies have been encountered inside volcanic, sedimentary and intrusion associated geological settings.
Aurion additionally has a three way partnership in Finland with B2Gold, which is incomes a 75% curiosity within the venture. The property covers virtually 290 sq. km and contains the Kutuvuoma and Ahvenjarvi prospects. B2Gold has spent $10 million over two years and now holds 70% of the three way partnership.
A brand new discovery was just lately made by the three way partnership at Kutuvuoma East, known as the Kutuvuoma-Ikkari discovery. This prospect is situated in the identical geologic sequence as Rupert Sources’ 3.95 million oz. Ikkari discovery, 1.5 km to the east. Drilling returned 21.2 metres grading 1.84 grams gold per tonne, together with 21.2 metres of two.61 grams gold and 10.3 metres of two.42 grams gold from gap IKK21003. Gap IKK21002 returned 30.6 metres grading 1.42 grams gold, together with 6.5 metres at 2.94 grams gold.
Earlier this month, Aurion granted Kinross Gold an possibility on its Silaskaira venture, about 30 km northwest of Agnico Eagle’s Kitilla mine. Kinross can earn a 70% curiosity by paying Aurion C$100,000 and spending C$5 million on the property over the subsequent 5 years.
Aurion Sources has a market capitalization of $89.3 million.
Blackrock Silver (TSXV: BRC; US-OTC: BKRRF) is exploring two 100% managed land packages within the state of Nevada: Tonopah West close to the city of the identical identify within the southwest a part of the state and Silver Cloud close to the town of Elko.
The Tonopah silver district is the second largest (behind solely the Comstock Lode) in Nevada. From 1900 to 1950, grades within the area averaged 1,384 grams silver per tonne and 16 grams gold per tonne, resulting in manufacturing of 174 million oz. of silver.
Blackrock’s Tonopah West land package deal is the biggest within the district, protecting 25.5 sq. kilometres. There are a number of veins that had been mined inside, together with the Victor vein, which was 24 metres thick when manufacturing stopped in 1928. Blackrock’s venture space additionally comprises at the least ten veins on the property.
This yr the corporate has deployed 4 rigs and drilled 84,000 metres up to now with the aim of delivering an preliminary useful resource estimate on the Denver-Paymaster-Bermuda (DPB) goal by early 2022.
In October, drilling on the Bermuda vein returned 2.1 metres grading 1,120 grams silver per tonne and 9.07 grams gold per tonne (2,027 grams silver-equivalent per tonne), together with 0.9 metre grading 2,994 grams silver and 20.85 grams gold per tonne (5,080 grams silver-equivalent per tonne).
The Merten vein returned 1.5 metres grading 492 grams silver and 6.5 grams gold (1,242 grams silver-equivalent), together with 0.7 metre at 445 grams silver and 5.6 grams gold (1,006 grams silver-equivalent). A number of intersections had been additionally reduce within the Mule and Paymaster veins, with Mule returning 0.7 metre of 445 grams silver and 4.61 grams gold (1,006 grams silver-equivalent).
A useful resource estimate for Tonapah West is due in early 2022.
Blackrock is proposing to determine a portal on the west aspect of Brougher Mountain and drive a 2.5 km lengthy decline to offer underground exploration platforms for added drilling. The design of the decline can be refined as soon as the useful resource estimate is finished, and the entry might later be used throughout manufacturing. The corporate will rehabilitate floor roads, drill pads and sumps by the tip of subsequent yr.
The corporate drilled its different venture, the 45 sq. km Silver Cloud property in Elko County, earlier this yr, however has not spent as a lot time on the venture because it has on its Tonopah West venture. One of many higher holes on the Northwest Canyon goal at Silver Cloud returned 4.6 metres grading 4.32 grams silver per tonne and 0.334 grams gold per tonne. The Quiver goal was additionally drilled, and the very best intersection was 15.2 metres grading 0.795 gram silver and 0.222 gram gold.
Blackrock Silver has a market capitalization of $118.6 million.
Copper Mountain Mining
Copper Mountain Mining (TSX: CMMC; US-OTC: CPPMF; ASX: C6C) owns 75% of the Copper Mountain copper-gold-silver mine in British Columbia, 20 km from the city of Princeton. Mitsubishi Supplies owns the remaining 25% curiosity. The mine began business manufacturing in 2011 and final yr produced 77.5 million lb. of copper, 29,227 oz. of gold and 392,494 oz. of silver.
Copper Mountain has a aim of tripling its copper output over 2020 ranges throughout the subsequent 5 years. The concentrator in British Columbia has been expanded to 45,000 tonnes per day, and it has additional potential to succeed in 65,000 tonnes per day. Exploration on the North pit and the New Ingerbelle venture, about 1 km from the mine, would supply the feed. The New Ingerbelle deposit would almost double the lifetime of the Copper Mountain mine. A brand new lifetime of mine plan with up to date mineral sources is deliberate for the second quarter 2022.
The corporate additionally owns 100% of the Eva and Cameron initiatives in Queensland, Australia.
The superior stage Eva copper venture is 40 km north of the Cameron property. A 2020 feasibility examine proposed an open pit mine and mill with a lifetime of 12 years that will produce 99.2 million lb. of copper and 13,500 oz. of gold in concentrates yearly. If development will get the inexperienced mild, the venture might be in manufacturing in 18 months.
The Eva deposit has measured and indicated sources of 250.7 million tonnes grading 0.42% copper and 0.04 gram gold per tonne for two.4 billion lb. of copper and 330,000 oz. of gold. The inferred useful resource is 46.3 million tonnes at 0.42% copper and 0.04 gram gold for 415 million lb. of copper and 51,000 oz. of gold.
The Cameron copper venture, 30 km south of Eva, covers 2,100 sq. km throughout the Mount Isa Inlier area. The corporate accomplished 6,000 meters of reverse circulation drilling and 1,200 metres of diamond drilling this yr and can proceed this system subsequent yr.
Three targets on the Cameron venture have been drilled with the C6 goal returning 136 metres grading 0.37% copper and 0.37 gram gold per tonne. The most effective end result from the C1 goal was 84 metres at 0.56% copper and 0.97 gram gold. The C2 goal returned 123 metres at 0.24% copper and 0.01 gram gold.
Copper Mountain Mining has a market capitalization of $566 million.
First Quantum Minerals
First Quantum Minerals (TSX: FM) has three superior exploration initiatives: the Haquira copper-molybdenum venture in Peru, the Taca Taca copper-molybdenum-gold venture in Argentina, and the Enterprise nickel venture in Zambia.
The corporate owns 100% of the Haquira venture, 75 km southwest of Cuzco, by its acquisition of Antares Minerals in 2010. Haquira’s measured and indicated sources complete 569 million tonnes grading 0.56% copper and inferred sources add 406 million tonnes grading 0.52% copper.
The Taca Taca venture can be 100% owned and was acquired by a subsidiary of Lumina Copper in 2014. Based on the corporate, the porphyry deposit is appropriate for typical, large-scale open pit mining and processing in a SAG-ball mill with pebble crushing, regrinding and flotation. First Quantum is engaged on energy, water provide, freight, and product transportation logistics.
An up to date useful resource estimate accomplished in March 2021 for Taca Taca outlined 2.2 billion measured and indicated tonnes grading 0.43% copper, 0.09 gram gold per tonne and 0.012% molybdenum for contained steel of 20.9 billion lb. of copper, 283.2 million lb. of molybdenum and 6.1 million oz. of gold. The inferred useful resource is 716.9 million tonnes grading 0.31% copper, 0.009% molybdenum and 0.05 gram gold for contained steel of 4.85 billion lb. copper; 65,000 tonnes of molybdenum and 1.2 million oz. of gold. Throughout the sources are confirmed and possible reserves of 1.8 billion tonnes grading 0.44% copper, 0.012% molybdenum and 0.09 gram gold per tonne.
In Zambia, the Enterprise venture has a stand-alone orebody that may share operations and infrastructure with First Quantum’s Sentinel mine, about 12 km away. The venture is permitted and a manufacturing is due by the tip of the yr.
Sources at Enterprise include each main and non-primary sulphide mineralization. There are measured and indicated sources of 37.7 million tonnes grading 1.03% nickel plus an inferred useful resource of 9.3 million tonnes at 0.71% nickel. Throughout the useful resource and on the finish of 2020, confirmed and possible reserves totalled 37.7 million tonnes grading 0.93% nickel in main ore and 0.44% nickel in non-primary ore.
First Quantum ranks among the many world’s prime ten copper producers and churned out 778,911 tonnes of the pink steel in 2020. It has eight working mines: Kansanshi and Sentinel in Zambia, Cobre Panama in Panama, Ravensthorpe in Australia, Cayeli in Turkey, Cobre Las Cruces in Spain, Pyhasalmi in Finland, and Guelb Moghrein in Mauritania.
First Quantum Minerals has a market capitalization of $14.6 billion.
Orocobre (TSX: ORL; ASX: ORE) is the 100% proprietor of the Cauchari lithium-potash salar venture in Argentina, and the half proprietor of the Olaroz lithium plant. The Olaroz venture is owned 66.5% by Orocobre, 25% by Toyota Tsusho, and eight.5% by the provincial authorities.
The primary stage of the Olaroz brine operation went into manufacturing in early 2015. Final yr it produced 12,600 tonnes of lithium carbonate. Stage two development is underway as is figure within the Naraha plant in Japan (75% Orocobre) to transform lithium carbonate into battery-grade lithium hydroxide.
In 2016, Orocobre divested a number of of its lithium brine exploration initiatives, together with Cauchari, to Benefit Lithium, giving Orocobre a 34.7% stake in Benefit.
The 2 corporations created a three way partnership (75% Benefit and 25% Orocobre) to develop the Cauchari venture, estimated to include 4.8 million measured and indicated tonnes of lithium carbonate-equivalent (LCE) and 1.5 million inferred tonnes of lithium carbonate equal. The measured and indicated brine useful resource is 31 sq. km with a lithium grade of 29 grams per cubic metre and the potassium grade is 255 grams per cubic metre. There are 900,000 tonnes of lithium and seven.8 million tonnes of potassium in that portion of the brine.
There may be additionally an inferred brine useful resource of 11 cubic kilometres with a lithium grade of 27 grams per cubic metre and a potassium grade of 225 grams per cubic metre for 290,000 tonnes of lithium and a couple of.4 million tonnes of potassium.
In 2020, Orocobre acquired all the excellent Benefit shares it didn’t already personal. Benefit now manages lithium exploration actions for Orocobre as a subsidiary.
Orocobre says Benefit has the potential to quick monitor exploration and growth at Cauchari. The chemistry at Cauchari is just like that of the Olaroz deposit, 25 km to the north, and the 2 brines might be processed collectively. Cauchari finally might yield 25,000 tonnes of lithium carbonate a yr, in accordance with a prefeasibility examine accomplished in 2019.
In 2012, Orocobre acquired Borax Argentina, in Salta province, additionally within the northern a part of the nation. It has produced borates for over 50 years. The corporate operates the Tincalayu, Porvenir and Sijes mines, producing borax pentahydrate and hydroboracite.
Orocobre has a market capitalization of $4.1 billion.
PolyMet Mining (TSX: POM; NYSE: PLM) owns 100% of the NorthMet polymetallic property, 10 km south of Babbitt in Minnesota, and the Erie processing plant, 12 km to the west at Hoyt Lakes. The corporate hopes to develop into the primary to commercially mine a nickel-copper orebody within the Duluth Advanced, situated inside Minnesota’s Mesabi Iron Vary.
The plan is to construct an open pit mining operation and use the prevailing processing plant. All the important thing permits are in place, though some have been challenged in court docket. Folks against the mine have challenged every of the permits which were issued. The state’s prime court docket additionally ordered the Minnesota Division of Pure Sources to carry a brand new public listening to concerning the tailings facility. Within the meantime, PolyMet continues engineering and optimization for the venture.
The newest 43-101 technical report is dated March 2018. It foresees a two-phase venture. First it includes an open pit mine producing 29,000 tonnes of mineralized materials per day over a 20-year life. The copper-nickel ore can be processed on the current Erie taconite plant.
The second section would contain the addition of a hydrometallurgical plant to improve nickel sulphide focus into nickel-cobalt hydroxide and get well extra copper and platinum group metals (PGMs). The report additionally examined potential enlargement situations to 45,000 tonnes per day and 107,000 tonnes per day.
The pre-production capital requirement for section one can be $945 million. The payback interval can be 7.5 years.
Building of Section two, which might start within the second yr of operations, would deliver the capex as much as $1.2 billion. After taxes, the primary section of the NorthMet venture has a internet current worth at a 7% low cost fee of $173 million and an inside fee of return of 9.6%. The bottom case for each phases assumes steel costs of $3.22 per lb. copper, $7.95 per lb. nickel and $20.68 per lb. cobalt.
In 2018 the sources had been listed as 588.9 million measured and indicated tonnes grading 0.25% nickel, 0.27% copper and 0.007% cobalt (undiluted) plus 461.6 million inferred tonnes grading 0.07% nickel, 0.024% copper and 0.007% cobalt (undiluted). Confirmed and possible reserves throughout the deliberate pit include 231 million tonnes at 0.8% nickel, 0.29% copper and 0.007% cobalt.
PolyMet Mining has a market capitalization of $241 million.
SolGold (TSX: SOLG; US-OTC: SLGGF) is the operator and 85% proprietor of the Cascabel copper-gold venture, 180 km north of Quito in Ecuador. Cornerstone Capital owns the opposite 15%. The venture lies in an under-explored part of the Andean Copper Belt, which produces almost half the world’s copper.
Highlights from drilling the Alpala porphyry deposit at Cascabel have included 1,560 metres grading 0.59% copper and 0.43 gram gold per tonne, together with 1,044 metres of 0.74% copper and 0.54 gram gold.
SolGold accomplished a preliminary financial evaluation on the Cascabel venture in 2020 and up to date it in January 2021. Based on the examine, the Alpala deposit comprises measured and indicated sources of two.7 billion tonnes grading 0.37% copper, 0.25 gram gold per tonne and 1.08 grams silver per tonne (0.53% copper-equivalent) for 21.8 million lb. copper, 1.9 million oz. gold, and 92.2 million oz. silver. The inferred useful resource is 544,000 tonnes grading 0.24% copper, 0.11 gram gold, and 0.61 gram silver (0.31% copper-equivalent) for two.9 million lb. copper, 1.9 million oz. gold and 10.5 million oz. silver.
Throughout the measured and indicated useful resource there’s a high-grade core of 442 million tonnes grading 0.87% copper, 0.86 gram gold per tonne, and a couple of.34 components per million silver (1.4% copper-equivalent) for 8.4 billion lb. copper, 12.3 million oz. gold and 33.3 million oz. silver.
Metallurgical testing has included grinding, flotation and leaching trials. Key to the financial viability of the venture is gold restoration. Utilizing leaching effectively exams, restoration was 92.3%, however that rose to 98.1% when utilizing an Albion course of (oxidative leaching at atmospheric strain).
No financial evaluation has been carried out but for the Alpala deposit.
Along with Cascabel, SolGold is exploring its Rio Amarillo venture, 35 km southeast of the Alpala deposit in a porphyry belt. Drilling started in August, throughout a 12-km-long by 3-km-wide space and to a depth of 1,500 metres.. Gold was seen within the first gap. The most effective drill end result, as of November 24, was 72 metres grading 2.16 grams gold per tonne, together with 24 metres of 5.77 grams gold.
Within the southern a part of Ecuador, SolGold is engaged on the Porvenir, Sharug and Cisne Loja porphyry initiatives. The corporate is engaged on an preliminary useful resource estimate for Porvenir, which can be based mostly on outcomes of drilling a mineralized hall over 1,700 by 1,000 metres.
SolGold says it’s searching for companions to advance ten different 100%-owned initiatives in Ecuador throughout 20 concessions.
The corporate additionally holds tenements by subsidiaries throughout central and southeast Queensland in Australia — Normanby, Rannes, Mount Perry, and Cracow West. In any respect of those properties, SolGold maintains its give attention to porphyry copper-gold and epithermal gold-silver occurrences. The corporate additionally holds prospecting licences for the Kuma and Mbetilonga tenements within the Solomon Island.
SolGold has a market capitalization of $762 million.
White Gold (TSXV: WGO; US-OTC: WHGOF) has the advanced-stage Golden Saddle, Arc and VG deposits together with 5 discovery-stage initiatives and over two dozen early-stage properties throughout a 420,000 hectare landholding in Canada’s Yukon Territory, about 95 km south of Dawson Metropolis.
The corporate’s profitable exploration efforts at its 100%-owned initiatives have attracted key fairness traders Kinross Gold and Agnico Eagle Mines, every of which holds about 17% of the corporate. Establishments below the Eric Sprott umbrella have a 43% curiosity within the firm.
The primary deposits White Gold found had been Golden Saddle and the adjoining Arc deposit. Collectively they’ve an indicated useful resource of 15.6 million tonnes grading 2.28 grams gold per tonne for 1.1 million ounces. The inferred useful resource is 9 million tonnes grading 1.39 grams gold per tonne for 402,100 ounces.
The corporate’s VG deposit is 11 km north of Golden Saddle and has an inferred useful resource of 5.3 million tonnes grading 1.62 grams gold per tonne for 267,600 oz. of gold.
All three of the deposits are open alongside strike and at depth.
White Gold was included in 2016, and up to now 5 years has drilled a number of new discoveries within the area.
Ryan’s Shock, 2 km west of the Golden Saddle deposit, returned 6 metres grading 20.64 grams gold per tonne and 13.2 metres grading 5.02 grams gold, together with 4.6 metres at 9.25 gram gold per tonne.
The road-accessible Titan property is 25 km northeast of the Golden Saddle deposit. The most effective seize pattern was 605 grams gold per tonne. One drill gap returned 32 metres grading 14.82 grams gold per tonne, together with 6.09 metres at 72.91 grams gold, together with 3.05 metres at 136.36 grams gold per tonne. One other reduce 1.52 metres grading 2.44 grams gold.
The Vertigo discovery is about 25 km northeast of the Golden Saddle deposit and rotary air blast (RAB) drilling has been employed there. Gap 16 returned 9.14 metres grading 9.2 grams gold per tonne, together with 4.57 metres at 17.2 grams gold, together with 1.5 metres at 31 grams gold, and the outlet led to mineralization.
Highlights from the Betty Ford goal, roughly 90 km southeast of Golden Saddle and adjoining to Newmont’s Espresso deposit, have included 50.3 metres grading 1.08 grams gold per tonne, together with 9.4 metres at 2.24 grams gold. The highest 25.9 metres of the outlet confirmed oxidized mineralization and extra shallow mineralization was additionally encountered in different holes alongside pattern, in accordance with White Gold.
The GS West (Golden Saddle West) goal is a brand new shallow zone of gold mineralization 750 metres west of the Golden Saddle deposit. Geologists used a revised geological mannequin based mostly on the outcomes of DIGHEM, IP-resistivity and historic drilling. The most effective intersection was 0.75 metre grading 3.99 grams gold per tonne.
White Gold has a market capitalization of $75million.
(This text first appeared in The Northern Miner)