Comstock Metals Finishes Surface Exploration at Rawhide Cobalt-Silver Property and Plans Drilling Program

By Anwesha Sengupta

Comstock Metals (TSXV:CSL) (“Comstock” or the “Company”) is pleased to report results from its Rawhide Cobalt-Silver Property, Ontario. The soil results are very encouraging because of the presence of multiple high priority Cobalt soil anomalies throughout the property and high-grade cobalt rock samples. Highlighted by several samples of high levels of cobalt just north of the Rawhide shaft area.

During July 2018 the Company’s geologic consultants, APEX Geoscience Ltd. (APEX) completed a surface exploration program comprising the collection of 30 rock grab samples, 381 humus soil geochemical samples, and data from 41 line-km of ground magnetic geophysical survey on the Rawhide Property (Figure 1). Soil samples were collected at 50 metre intervals along 100 or 200 metre spaced east-west gridlines; with ground magnetic geophysical data collected along 100 metre spaced east-west oriented lines.

The Rawhide Property is underlain by an approximately 1 km wide north-south trending Nipissing diabase sill that is interpreted to dip shallowly to the east subparallel to bedding within Cobalt Group (Gowganda Formation) metasedimentary host-rocks. The Rawhide Property contains numerous historic mineral occurrences comprising shallow prospect pits, shafts, and adits targeting diabase-hosted silver-cobalt-copper bearing quartz-calcite veins. From south to north these occurrences include: The Rawhide shaft; McRae Lake shaft; Shanty Lake pits; Fletcher shaft and pits; and Bloom Lake adit and pits.

The July 2018 reconnaissance rock grab sampling focused on ground truthing the historic mineral occurrences. Results include five (5) samples returning greater than 0.10% cobalt; and up to 0.78% cobalt (18KBP016) collected from a quartz-calcite vein within an historic prospect pit discovered west of Bloom Lake (See Table 1). Rock sampling at the Rawhide shaft returned values of 0.12% cobalt (18KBP023), and 0.27% cobalt 650 metres to the northeast from the McRae shaft.

These cobalt anomalies are associated with significant copper and silver values. A total of 7 rock grab samples returned greater than 1% copper, and up to 3.85% copper (18KBP015); and 8 samples returning greater than 10 grams-per-tonne (g/t) silver, and up to 155 g/t silver (18KBP027).

Table 1: Rawhide 2018 Significant Rock Grab Sample Results

Sample ID Prospect Sample Type Co (%) Cu (%) Ag (g/t)
18KBP015 Bloom Lake (pits) Float 0.12 3.85 18
18KBP016 Boulder 0.78 2.24 12
18KBP017 Float 0.40 3.03 9
18KBP025 Outcrop 0.01 1.95 45
18KBP027 Outcrop 0.05 0.58 155
18KBP018 Fletcher

(pits)

Outcrop 0.09 1.46 11
18KBP029 Outcrop 0.27 0.72 42
18KBP030 Outcrop 0.01 1.88 9
18KBP014 McRae (shaft) Outcrop 0.01 1.43 12
18KBP023 Rawhide (shaft) Float 0.12 0.03 3

Note: grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

The cobalt found in the humus soils defines a greater than 20 parts-per-million (ppm) north-south trending anomaly which extends from the Rawhide shaft area in the south for a distance of 4.4 km to the northern Rawhide claim boundary (See Map at Figure 1).

Click Image To View Full Size

There is a clear association of anomalous cobalt (plus multi-element silver-copper-lead-zinc) in soil values with a strongly magnetic phase of the diabase unit as indicated by the July 2018 ground magnetic geophysical survey in the Rawhide Property. The cobalt in soil anomaly is also spatially associated with the mapped trace of the north-northeast trending McRae Lake fault, passing through McRae Lake and Bloom Lake to the north. Cobalt, silver and base metal anomalies are closely associated, and their spatial distribution along north and northeast trends are interpreted to indicate there are strong lithologic and structural controls on mineralization at the Rawhide Project.

Of the 381 soil samples, a total of 23 returned greater than 100 ppm cobalt; including 4 samples returning greater than 0.10% cobalt and up to 0.19% cobalt (See Table 2). Significantly, all 4 plus 0.10% cobalt soil samples occur along an apparent 600 x 200 metre northeast trend greater than 200 ppm cobalt anomaly proximal to the historic Rawhide and McRae Lake shafts.

The greater than 200 ppm Bloom Lake South cobalt in soil anomaly lies 1.6 km to the north of the Rawhide anomaly and occurs over a 600 x 200 metre north-south trend at the south end of Bloom Lake. A further 2 km to the north lies the 400 x 400 metre Bloom Lake North greater than 200 ppm cobalt in soil anomaly.

Table 2: Rawhide 2018 Significant Humus Soil Sample Results

<td colspan="1" …read more

From:: Investing News Network

White Gold Corp Acquires & Stakes Properties Around New Discovery on JP Ross Property, Yukon; Management to Present at Upcoming Conferences

By Ashley Cowell

White Gold Corp. (TSXV: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce that it has reached agreement to acquire a 100% interest in a portfolio of mining claims comprising the Henderson, Flow/Work Creek and Birdman properties (collectively, the “Properties”) from Independence Gold Corp. (TSX.V: IGO) (“IGO”) in exchange for an aggregate cash payment of $35,000, 160,000 common shares in the capital of the Company (the “Shares”), and two 1% net smelter return (“NSR”) royalties on the Properties. The Properties are comprised of an aggregate of 920 claims representing approximately 18,000 hectares of land in the White Gold District. The Company has also staked 299 claims adjacent to the JP Ross and Hen properties (the “Staked Claims”). The acquisitions extend the Company’s land package immediately to the west and south of the Company’s JP Ross property in the area surrounding the recently announced discovery and increases the Company’s landholdings in the Yukon to 409,000 hectares. Maps further detailing the property locations can be found at http://whitegoldcorp.ca/investors/exploration-highlights/.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/405e23c9-2c93-400f-94b4-430d34bf6a37

http://www.globenewswire.com/NewsRoom/AttachmentNg/417c2c63-8198-447c-a355-d3b99f1409f9

Under the terms of the agreements to acquire the Properties, IGO will maintain: (i) a 1.0% NSR royalty over the claims comprising the Henderson property, which can be purchased by the Company at any time for $2,000,000; and (ii) a 1.0% NSR royalty over the claims comprising the Flow/Work Creek property, which can be purchased by the Company at any time for $1,000,000. The Shares to be issued as partial consideration to IGO will be subject to a four month and one day regulatory hold period from the date of closing. The acquisition of the Properties is expected to close this week and remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the “Exchange”).

David D’Onofrio, Chief Executive Officer of the Company, stated, “The acquisition of these properties and claims add substantially to our holdings surrounding the recent exciting discovery on JP Ross and further expands our dominant position in the White Gold District. We are looking forward to the additional results from the exploration conducted on JP Ross and our other targets to be released in due course.”

Newly Acquired and Staked Property Information
The acquisition of the Properties and the Staked Claims consolidates and expands the Company’s already substantial land position in the White Gold District and adds strategic land surrounding the site of the recent discovery at the Vertigo target.

The Henderson property is situated within a prolific placer mining camp. Abundant, coarse placer gold has been recovered from creek gravels that overlie inferred fault intersections at two places on North Henderson Creek. There are indications that known mineralized structures on the Companies JP Ross property continue onto the Henderson property.

The Staked Claims are immediately south of the Company’s JP Ross property in the area surrounding the Vertigo discovery. The Company staked 275 claims adjacent to the JP Ross property and 24 claims adjacent to the Company’s Hen property.

Included in the Properties are Flow/Work Creek and Birdman which are also contiguous to properties owned by the Company.

Upcoming Conferences
Management of the Company will be presenting at several upcoming conferences to provide a corporate update, answer questions and provide details on the recent discoveries and have also been selected for special group presentations as follows:

Precious Metals Summit
Beaver Creek, Colorado – September 20-22, 2018
Presentation: Thursday, September 20, 2018 at 3:30-3:45 PM in Room 1 – Heritage Hall, Ford Center
More Information: http://www.precioussummit.com/event/2018-summit-colorado/

Denver Gold Forum
Colorado Spring, Colorado – September 23-26, 2018
Presentation: Monday, September 24, 2018 at 4:45-5:00 PM in Broadmoor Hall F
More Information: https://www.denvergoldforum.org/

Please reach out to management if you would like to book a meeting at either of these conferences.

About White Gold Corp.
The Company owns a portfolio of 20,501 quartz claims across 30 properties covering over 409,000 hectares representing approximately 40% of the Yukon’s White Gold District. The Company’s flagship White Gold property has a mineral resource of 960,970 ounces Indicated at 2.43 g/t gold and 262,220 ounces Inferred at 1.70 g/t gold as set forth in the technical report entitled “Independent Technical Report for the White Gold Project, Dawson Range, Yukon, Canada”, dated March 5, 2018, filed under the Company’s profile on SEDAR. Mineralization on the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. Regional exploration work has also produced several other prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Goldcorp Inc. (disclosed M&I gold resource of 4.1M oz) and Western Copper and Gold Corporation’s Casino project (disclosed P&P gold reserves of 8.9M oz Au and 4.5B lb Cu). The Company has outlined an aggressive exploration plan to further explore its properties. For
more information visit www.whitegoldcorp.ca.

Qualified Person
Jodie Gibson, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects(“NI 43-101”) and has reviewed and approved the content of this news release.

Cautionary Note Regarding Forward Looking Information
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” …read more

From:: Investing News Network

Tellurium May Play a Crucial Role in Alleviating the World’s Growing Water Crisis

By Hailey Wahlberg

Deer Horn Capital Inc. (CSE:DHC, OTCBB:GODYF) (the “Company” or “Deer Horn”), reports that, according to the International Resource Panel (IRP), almost half the world’s population will suffer severe water stress by 2030. Titled Options for Decoupling Economic Growth from Water Use and Water Pollution, the IRP report claims that as the global population continues to rise, increased urbanization, climate change and a shift in how food is consumed are likely to dramatically increase future demand for water.

An even stronger warning comes from a recent story in MSN called Ticking Timebomb: When Will the World’s Natural Resources Run Out? This piece, referring to the IRP findings, states, “High demand means we could soon run out,” and reminding us that 2030 is only 12 years away.

The IRP study emphasizes both the seriousness and the daunting challenges in solving the world’s water problems. “Under current trends, demand for water will exceed supply by 40 per cent in 2030.” This shortage will force governments “…to spend US $200 billion per year on upstream water supply as demand outstrips cheaper forms of supply – up from historic averages of US $40 to US $45 billion.”

Compounding this crisis is relative scarcity. Fresh water makes up a very small fraction of all water on the planet, and humans are using it up at an unprecedented pace. According to National Geographic, one of the primary challenges now faced by the human race is “…how to effectively conserve, manage, and distribute the water we have.”

Reports and studies from a broad spectrum of major institutions, including The United Nations, The World Wildlife Fund and World Resources Institute, note how the use of fresh water has increased twice as fast as the world’s population over the last century. This trend is clearly unsustainable.

For those living with easy access to clean, fresh water, such omens may seem like an abstract concept. However, the World Health Organization reports that about three in ten people worldwide, or 2.1 billion, already lack access to safe, readily available water in their homes.

What are the possible solutions? Better use of our water, along with technology, provide some hope for solving or at least moderating some of our fresh water shortages.

“The scientific and environmental communities seem to agree on two primary ways to resolve the crisis,” says Deer Horn CEO Tyrone Docherty. “The key solution is conservation. As the world becomes more aware of the problem, we are finding ways to reduce water waste and pollution. This is where solving the problem has to begin.”

The other probable solution, says Docherty, is desalination. “While over seventy percent of earth is covered in water, it’s like the Rime of the Ancient Mariner.” ‘Water, water everywhere. Nor any drop to drink.’ Desalination changes that dynamic and provides essentially unlimited supplies of fresh water. However, it’s not as easy as simply building more plants. They’re expensive, and they consume enormous amounts of energy.”

Over half the expense of operating desalination plants come from energy, a roadblock that makes the technology prohibitively expensive for many regions. However, researchers recently reported a possible breakthrough for the energy issue, claiming that tellurium nanoparticles could dramatically increase the efficiency of desalination and reduce the energy required for the process by a factor of 10.

In an August 2018 article titled “Nanoparticles Take Solar Desalination to New Heights,” the engineering journal IEEE Spectrum reported on major advances using tellurium particles to enhance “solar thermal” technologies, where sunlight is used to convert water into steam that runs electric turbines or performs desalination.

The IEEE Spectrum story noted how researchers at Sun Yat-sen University in China used tellurium nanoparticles to boost evaporation by a factor of three under solar radiation. This process made it possible to increase the water temperature from 29 degrees to 85 degrees Celsius within 100 seconds. “These findings suggest that the Te nanoparticle can be expected to be an advanced photothermal conversion material for solar-enabled water evaporation,” said the researchers, requiring one-tenth the energy of current methods.

There are currently more than 18,400 desalination plants operating worldwide, providing water for more than 300 million people in 150 countries. As the desalination industry makes advances in efficiency, these numbers are expected to grow.

If tellurium is to provide a solution, where do we get it? Roughly 90% of the world’s tellurium today comes from copper refining. However, as noted recently by the United States Geological Survey (USGS), shifts in the way copper is refined mean that tellurium consumers are examining alternative sources, including primary tellurium deposits in stable political jurisdictions.1 Deer Horn Capital’s gold-silver-tellurium property, now under development in west-central British Columbia, is noted by both the USGS2 and First Solar Inc.3 as an important potential source of tellurium not dependent on copper refining.

The Deer Horn Property may be unique in North America for hosting an NI 43-101 resource for gold-silver-tellurium. Deer Horn recently reported positive results from an independent Preliminary Economic Assessment (“PEA”) at the property, where the Company is planning to conduct further drilling to both expand and upgrade the current resource.

“An essential part of Deer Horn’s vision is to supply critical metals that can help solve some of the world’s most pressing problems,” said Docherty. “Tellurium is emerging as an element that may contribute to important solutions such as providing abundant, economical supplies of fresh water.”

Added Docherty, “As far as we know, we’re one of the few, if only, junior mining companies focused on tellurium exploration and development. We believe primary sources of tellurium will be in high demand in the future, which is why we’re looking at acquiring additional tellurium-rich projects in North America.”

For more information, please visit www.deerhorncapital.ca, or download the Deer Horn Fact Sheet.

1USGS Critical Mineral Resources of the United States – Tellurium, p R-1

2USGS Critical Mineral Resources of the United States – Tellurium, pp 10-11

3First Solar Inc. presentation to International Minor …read more

From:: Investing News Network

Goldplay Discovers New High-grade Mineralization At San Marcial and Confirms Upside Resource Potential

By Anwesha Sengupta

Figure 1: Drill Hole Location Map San Marcial Project (CNW Group/Goldplay Exploration Ltd)
  • 1.5 meters (true width 1.5 meters) @ 1,197 gpt Ag or 1,285 gpt AgEq*
  • 1.0 meter (true width 1.0 meters) @ 501 gpt Ag or 531 gpt AgEq
  • 32.4 meters (true with 16.0 meters) @ 57 gpt Ag or 82 gpt AgEq
  • 4.4 meters (true width 2.4 meters) @ 120 gpt Ag or 210 gpt AgEq
  • 47.0 meters (true width 12.0 meters) @ 0.2 gpt Au **

Goldplay Exploration Ltd. (TSXV:GPLY) is pleased to announce additional results from sampling of the historical core drill holes, completed in 2010, from the Company’s San Marcial Project in Mexico. The Company has confirmed upside potential for resource expansion with advancement of the sampling program, new 3D geological modelling and discovery of new precious and base metals mineralization at San Marcial. The new results expand known mineralization 200 meters down dip beyond the historic NI 43-101 resource area (“historic resource”) and also delineate a new discovery subparallel to the main mineralized zone, increasing twice the footprint of mineralization, as illustrated in Figures 1 and 2.

Figure 1: Drill Hole Location Map San Marcial Project (CNW Group/Goldplay Exploration Ltd)
Figure 2: San Marcial Cross Section C-D (CNW Group/Goldplay Exploration Ltd)
Figure 2: San Marcial Cross Section C-D (CNW Group/Goldplay Exploration Ltd)
Figure 3: San Marcial Longitudinal Section A-B (CNW Group/Goldplay Exploration Ltd)
Figure 3: San Marcial Longitudinal Section A-B (CNW Group/Goldplay Exploration Ltd)

Goldplay President and CEO Marcio Fonseca commented, “The San Marcial exploration program continues to deliver near surface, wide and high-grade intersections supporting not only open pit, but also underground, potential. We have now received information confirming continuity of a mineralized system for more than 200 meters down dip, beyond the extent of the historic resource, as well as the discovery of a sub-parallel mineralized system that has the potential to expand the resource, generating new Ag-Au drilling targets( Figure 2). We are currently advancing surface exploration of other untested targets along the 3.5 km mineralized trend (and beyond the 500 meter long mineralized trend of the historic resource). The discovery of Ag-Au and Au-only mineralization, represented mainly by a stockwork system hosted in silicified volcanic, has doubled the footprint of precious and base metal mineralization, creating a near surface additional open pit target zone with indications of high-grade mineralization for future underground target exploration.”

Drill hole SM-10-09 intersected three zones near surface (7.8 meters @ 181 g/t AgEq, 18.7 meters @ 91 g/t AgEq and 16.5 meters @ 52 g/t AgEq) together with drill holes SM-10-06 (46 meters @ 129 g/t AgEq – News Release August 28th 2018) and SM-10-22 (19.5 meters @ 157 g/t AgEq –* including 1.5 meters @ 1,285 g/t AgEq – News Release August 16th 2018), confirming continuity of mineralization 200 meters down dip. These results indicate an immediate area for expansion of the estimated resources, scheduled for completion in 2018.

Sampling of drill hole SM-10-22 has confirmed near surface, wide mineralization (32.4 meters @ 82 gpt AgEq), supporting open pit target potential at San Marcial, as illustrated in Figure 3. The following table highlights the most significant drill results (uncut) from SM-10-09 and SM-10-22 for this news release.

Sample ID Anomaly Co (ppm) Ag (ppm) As (ppm) Cu (ppm) Pb (ppm Zn (ppm)
2018KBS102 Rawhide 1890 1.55 572 208 230 796
2018KBS105 1310 17.25 33 3190 1625 298
2018KBS099 1120 461 141 687
2018KBS100 1085 451 145 713
2018ALS165 644 2.38 59 357 929 471
2018KBS096 395 4.55 156 384 609 399
2018ALS159 383 1.34 80 434 384 407
2018ALS160 373 1.36 77 435 379 401
2018ALS161 240 22 104 372
2018ALS155 198 3.86 3400
2018KBS046 156 3.98 140 132
2018ALS178 127 2.75 395 826 520 160
2018ALS158 20 4.31 191 157
2018KBS104 17 481 245 201
2018ALS177 2.38
Hole No. From

(m)

To

(m)

Interval

(m)

True

Width

(m)

Ag

g/t

Pb % Zn % Au

g/t

AgEq* g/t
SM-10-09 97.5 105.3 7.8 4.0 63 1.0 1.3 0.07 181
114.8 133.5 18.7 9.0 73 0.09 0.2 0.07 91
** 188.0 235.0 47.0 12.0 0.2
280.0 286.0 6.0 3.0 139 0.03 0.15 0.04 151
Including 285.0 286.0 1.0 1.0 501 0.09 0.4 0.08 531
295.0 299.0 4.0 2.0 120 0.2 0.7 0.1 174
SM-10-20 69.9 102.3 32.4 16.0 57 0.1 0.4 0.04 82
Including 69.9 74.3 4.4 2.2 120 0.4 1.4 0.06 210
119.5 124.8 5.3 2.4 85 0.1 0.3 0.15 116