MINING PEOPLE: Bluestone, Eriez, FenixOro, Komatsu

Key moves in the mining sector

Soraia Morais is now the CFO of Altamira Gold, replacing Michael O’Brien.

Dave Dicaire has been appointed to the board of Bluestone Resources with Jim Paterson stepping down from the board.

Jamie Lavigne has joined the board of Colibri Resource with Paul Bartos stepping down as a director.

Sam Wong as has resigned as Core Gold’s CFO and Armando Alexandri has stepped down from the COO post.

Jose Vizquerra has resigned from the board of Discovery Metals.

Eriez has promoted Jaisen Kohmuench to the position of VP, international. Kohmuench has been with Eriez since 2000, most recently as senior director of Asia-Pacific operations and strategy, where he was responsible for the company’s subsidiaries in China, Japan and Australia.

John Carlesso is now CEO of FenixOro Gold (formerly, American Battery Metals), following Jeremy Poirier’s resignation.

Paul Charlish has left Fission Uranium with Ryan Cheung accepting the positions of interim CFO and corporate secretary.

Chip Richardson is now a director of Fuse Cobalt.

Dan McCormack is now exploration manager with Hemlo Explorers. McCormack will lead the exploration programs at the Pic and North Limb projects near Hemlo, Ontario.

Jason Savage has been appointed senior VP, underground soft rock, with Komatsu. In this expanded role, he will align and focus on the execution, efficiency, reliability and continued development of the company’s Joy-branded mining systems and solutions.

Wenhong Jin is joining the board of Margaux Resources.

Elaine Dorward-King has joined the board of Novagold.

Christina McCarthy is now VP of corporate development for New Oroperu Resources.

Flavio Fuentes Olivares is now manager, legal and permitting for Rio2’s Fenix gold project and Edgardo Briones Landauro has been named construction manager for the project.

Libby Mounsey and Stewart Findlay are now on the board of West African Resources with Simon Storm and Mark Connelly retiring as non-executive directors.

Rodney Ireland, a director of Xander Resources, is also now the company’s CEO. Ireland’s appointment fills the CEO role following Dwayne Yaretz’s resignation; Yaretz will remain as a director and corporate secretary of the company.

(This article first appeared in the Canadian Mining Journal)

Cypress releases positive PFS for Nevada lithium project

With an initial $493-million investment, Cypress Development‘s Clayton Valley lithium project in Nevada could produce 27,400 tonnes lithium carbonate equivalent (LCE) per year over a 40-year mine life, according to a prefeasibility study released this week.

At an 8% discount rate, the project has an after-tax net present value of $1.1 billion, an internal rate of return of 25.8%, and a payback period of 4.4 years.

“This PFS is a major milestone for Cypress,” said Cypress CEO Bill Willoughby in a release.

“These positive results take us closer to our goal of developing a world-class lithium deposit. Cypress’s land position and resources afford us the opportunity for a long-life project with low operating costs and potential to be a significant source of lithium for the United States.”

An average LCE price of $9,500 per tonne was used in the study, which projects a low cash cost of $3,329 per tonne LCE.

Reserves at Clayton Valley are contained in a leachable lithium-bearing claystone.

The deposit is large, at surface, and flat-lying, which will allow for a very low strip ratio (0.15:1) and means no drilling or blasting is necessary in mining. The study envisions a mining rate of 15,000 t/d.

The project is located next to North America’s only lithium brine operation, the Albemarle Silver Peak mine.

The project is located next to North America’s only lithium brine operation, the Albemarle Silver Peak mine.

The lithium in the deposit is amenable to leaching with dilute sulphuric acid leach followed by filtration, solution purification, concentration, and electrolysis to produce lithium hydroxide.

Cypress reports that metallurgical leach tests have demonstrated an average of 86.5% extraction of lithium into solution and 126.5 kg/t for acid consumption.

Metallurgical testing indicates low cost processing can be achieved by leaching with low acid consumption and high lithium recovery.

Self-generated power from a 2,500 t/d acid plant is included in the project’s costs.

The Vancouver-based junior says testing to recover the lithium from solution has been successful, with the production of a concentrated lithium solution suitable for producing lithium hydroxide.

Before moving to the feasibility and permitting stage, the next step for Cypress will be a pilot plant study, estimated to cost US$6.75 million.

Production figures are based on a probable reserve of 222 million tonnes grading 1,141 ppm lithium for 1.4 million tonnes LCE, calculated at a 900 ppm lithium cutoff grade.

Midday Thursday, Cypress’ stock was up 2.4% on the TSXV. The company has a C$18.9 million market capitalization.

(This article first appeared in the Canadian Mining Journal)

Veolia launches Sirion Pro reverse osmosis system

Veolia Water Technologies, through its Solys business unit, has launched the Sirion Pro range, which is a simplified version of the Sirion RO (reverse osmosis) range.

The newest launch is a compact, plug-and-play system, which integrates Aquavista digital services, dedicated to high-quality industrial process water production.

In January, Solys started to expand its Sirion RO product line by introducing Sirion Advanced

In January, Solys started to expand its Sirion RO product line by introducing Sirion Advanced.

This model is a plug-and-play product, and, according to the company, represents the most user-friendly standard small RO skid available on the market, developed to be easily used by maintenance technicians and end-users.

Now, Veolia is responding to customer demand for both high-end and entry-level products with the Sirion Pro. It offers more basic features with a choice of four different options, at a lower cost.

Both Sirion Advanced and Sirion Pro are capable of removing up to 98% of dissolved inorganics and over 99% of large dissolved organics, colloids and particles.

Applicable to most industrial sectors and reuse applications projects, they include 11 models covering flow rates from 100 l/h to 5,000 l/h.

This most recent Veolia design is easily integrated into standardized treatment lines and its membrane pressure vessel length has been reduced to 1 metre for simpler transport.

The unit does not need to be dismantled and reassembled on-site, for a start-up within two hours of arrival. Instrumentation and valves are at the front of the unit for ease of maintenance and operation.

The Sirion Pro features a new controller, the Veolia RO40, which allows local or remote (through the Aquavista digital services) monitoring.

The units are packaged with a service contract through Veolia worldwide service network.

Veolia Water Technologies provides a complete range of services required to design, deliver, maintain and upgrade water and wastewater treatment facilities and systems for industrial clients and public authorities.

(This article first appeared in the Canadian Mining Journal)

Endeavour Silver hits high grades at Bolanitos

Endeavour Silver has announced the discovery of a new area of high-grade mineralization within the Melladito vein at the company’s Bolanitos mine in Mexico. Of the 14 holes drilled, eight intersected high-grade gold and silver.

Drill highlights include 1.5 metres of 24.3 g/t gold and 787 g/t silver, 1.1 metres of 12.5 g/t gold and 50 g/t silver as well as 2.7 metres of 7.37 g/t gold and 170 g/t silver.

The drilling has traced mineralization over an area of 100 metres by 200 metres, which remains open.

The company believes that this zone could continue towards two areas of historic mine workings to the east and west.

The drilling has traced mineralization over an area of 100 metres by 200 metres, which remains open

“This year, we are discovering new resources in the Melladito vein, which should allow us to develop and mine there next year, as the orebody is only 300 metres from the La Luz ramp and 300 metres from the San Miguel ramp,” Bradford Cooke, the company’s CEO, said in a release.

Cooke added that exploration work at Bolanitos was stopped on April 1 due to a Mexican government suspension of non-essential activities amid the covid-19 pandemic and that the mining industry can now restart.

Endeavour plans to resume its exploration drilling on or after June 1.

In the first quarter of the year, Bolanitos produced 86,125 oz. of silver at all-in sustaining costs (AISC) of $44.17 per oz.

The company also operates the Guanacevi and El Compas mines in Mexico.

Last quarter, its total silver-equivalent output was at 1.5 million oz. at AISCs of $18.38 per oz.

Endeavour’s stock was trading up 5.2% at Wednesday’s close on the NYSE. The company has a $286 million market capitalization.

(This article first appeared in the Canadian Mining Journal)

Rio Tinto preps plans for 2020 at Janice Lake

Following up on a positive 2019 exploration program, Rio Tinto is planning 2,000 metres of drilling, plus mapping, prospecting and geophysical surveys this year at the Janice Lake copper-silver project in northern Saskatchewan.

The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.

Last year’s program at the sedimentary copper-silver project, located 55 km southeast of Key Lake, included 21 drill holes totalling 5,209 metres.

Drilling targeted the Jansem target (nine holes), the Janice target (nine holes), and the Kaz target (three holes), with drilling at Jansem and Janice returning copper mineralization at good grades and continuity over significant thickness, starting at surface.

Under an option agreement signed last May, Rio can earn an initial 51% in Janice Lake by spending $10 million on exploration over four years

Highlights included a hole at Jansem that cut 5 metres of 1.32% copper and 3.42 g/t silver within a longer 51.8-metre interval grading 0.57% copper and 1.5 g/t silver (starting at 116 metres depth).

Jansen is currently around 650 metres long by 200 metres wide with thicknesses of up to 66 metres.

The Janice target, which has returned 22 metres of 0.37% copper and 2.82 g/t silver starting at 185 metres, is so far 1.2 km long by 400 metres wide, with thicknesses of up to 66 metres intersected in drilling.

Both targets are open along strike and at depth.

In addition to core drilling, the 2020/21 campaign will include the use of a rotary air blast drill rig as a prospecting tool to drill short holes into the bedrock on copper showings and other targets generated by mapping and prospecting.

The 52-km extent of the property will also be systematically mapped by a mapping and prospecting team, initially on 2-km traverse lines.

Forum says the focus of this year’s initial exploration program will be to evaluate the regional copper/silver potential of the 52-km-long sedimentary basin in preparation for an extensive summer and winter drill campaign.

A drill permit application for the program has been submitted to Saskatchewan’s Environment Ministry.

Rio Tinto plans to build a 50-person drill camp this summer to support its exploration program.

The company completed a 110-km winter haul road in March to bring in building supplies. But the exact timing will depend on safety considerations related to the coronavirus pandemic.

“Rio Tinto intends to commence operations as soon as possible by adjusting its planning while remaining committed to the original program to explore Janice Lake,” said Forum Energy president and CEO Rick Mazur, in a release.

“They have an industry leading health and safety protocol and will undertake this program with the utmost in care for the employees, contractors and communities engaged in this project. I am particularly looking forward to the regional focus of copper mineralization at Janice which has never been undertaken before on this property.”

Under an option agreement signed last May, Rio can earn an initial 51% in Janice Lake by spending C$10 million on exploration over four years.

For an 80% stake, Rio must spend C$30 million over seven years. The company met its obligations for the first 18 months of the agreement by spending $3.7 million last year.

The Janice Lake property saw limited historical drilling by Noranda and Phelps Dodge that identified 20 copper occurrences over a 6 km trend. The 382.5 sq.-km project encompasses the entire Wollaston Copperbelt district.

(This article first appeared in the Canadian Mining Journal)

Kore drills 76.5 metres of 1.1 g/t gold at FG project in BC

Kore Mining has released assay results from the top of hole FG-20-368 completed at its wholly owned 130-sq.-km FG Gold property, 100 km east of Williams Lake in British Columbia.

This drill hole returned an impressive 76.5 metres of 1.1 g/t gold, which starts at 5.5 metres and includes seven quartz vein intervals. Assays for the bottom 40 metres, with three additional quartz vein intersections, are still pending.

“This is an exciting start to our exploration program at FG Gold,” Scott Trebilcock, the company’s CEO, said in a release.

“The objective is to better define structural controls and extend the shallow known mineralization at depth. We believe with continued drilling, there is potential to increase the grade while adding to the existing FG Gold resource.”

FG Gold hosts an orogenic gold deposit, with an existing measured and indicated resource of 15.2 million tonnes grading 0.78 g/t gold for a total of 376,000 oz. and an additional 27.5 million inferred tonnes at 0.72 g/t gold totalling 634,900 oz.

Hole FG-20-368 targeted structural controls of the known mineralization – its bottom 40 metres are below the existing resource.

The FG Gold property features a 20-km-long soil geochemical and geophysical anomaly around a regional structural feature – this resource is on its northeast limb.

Prior drilling at this property targeted shallow bulk-disseminated gold and has been completed down to an average depth of 93 metres. Kore believes that there are mineralized corridors or chutes within the current resource that are open at depth.

Additional assays are pending; Kore plans to continue drilling at the property once the spring break-up is complete in mid-June.

In addition to FG Gold, Kore holds the Imperial and Long Valley gold projects in California as well as the Gold Creek project in B.C.

Kore’s stock was trading down 5.1% at Wednesday’s close on the TSXV. The company has a C$70.9 million market capitalization.

(This article first appeared in the Canadian Mining Journal)

Amex hits new vein at Perron

Amex Exploration has released drill results from the Eastern Gold zone (EGZ) and Grey Cat zone (GCZ) at its wholly owned Perron property in Quebec.

At the EGZ, Amex drilled a wedge hole off of a prior intercept; this drillhole returned 19.7 metres of 5.36 g/t gold starting at 805 metres downhole and includes higher-grade intervals.

According to the company, this is the widest intercept to date from a higher-grade portion of the EGZ – the HGZ, which intersected a new gold-bearing vein within this area.

GCZ intercepts include 2 metres of 11.41 g/t gold, 15.4 metres of 1.18 g/t gold as well as 18 metres of 1.04 g/t gold. This drilling, completed at 25 metre sections, was aimed at defining a near-surface portion of this gold zone.

“We are excited at the prospect of an increased width at the HGZ and look forward to continuing to test this hypothesis going forward as we drill deeper on the system,” Jacques Trottier, the company’s executive chairman, said in a release.

“In addition, our Grey Cat zone continues to deliver, with several broad near-surface intercepts reported that help to define a continuous lens of gold mineralization.”

The company has traced gold mineralization over a 3-km-long corridor at Perron with over 15 km of structural prospective strike still unexplored.

(This article first appeared in the Canadian Mining Journal)

Fiore updates resource for Golden Eagle

Fiore Gold (CVE: F) has released an updated resource estimate for its wholly owned Golden Eagle project in Washington, within the past-producing Republic/Eureka mining district.

Measured and indicated resources are now at 45.4 million tonnes grading 1.38 g/t gold and 6.44 g/t silver for a total of 2 million oz. of contained gold with a further 9.4 million oz. of silver.

Additional inferred resources stand at 5.4 million tonnes at 0.9 g/t gold and 4.43 g/t silver, containing 154,650 gold oz. and 764,990 silver oz.

The above resource figures are pit-constrained and based on historical drill data. The prior, non-NI 43-101 resource statement for this property featured 28.5 million indicated tonnes at 1.89 g/t gold with a further 4.6 million tonnes grading 1.3 g/t gold inferred.

These latest resource figures are pit-constrained and all of the associated mineralization is within grounds held by Fiore.

The south and north walls associated pit shell extend onto lands held by Hecla Mining.

Fiore estimates that approximately 30% of the resource is dependent on an agreement with Hecla and plans to seek an arrangement

Fiore estimates that approximately 30% of the resource is dependent on an agreement with Hecla and plans to seek an arrangement, which would allow the extraction of its full resource inventory.

“We’re very pleased with the new resource update for Golden Eagle, a project that we think has been largely overlooked by the market,” Tim Warman, the company’s CEO, said in a release.

“Golden Eagle is now positioned squarely in the top ten undeveloped United States gold deposits, outside the larger producers.”

Golden Eagle is 16 km from Kinross’s past-producing 1,800 t/d Kettle River mill.

The deposit covers approximately 762 metres of strike, with a width of up to 305 metres and depth of around 610 metres.

In addition to Golden Eagle, Fiore holds the producing Pan heap leach mine in Nevada as well as the Gold Rock development asset on the state’s Battle Mountain – Eureka trend.

Fiore’s stock was trading up 5.5% at Tuesday’s close on the TSXV. The company has a C$92 million market capitalization.

(A version of this article first appeared in the Canadian Mining Journal)

Sandvik testing Stage V-compliant underground trucks in Ireland

As part of its long-term commitment to sustainability, Sandvik continues with its program to develop Stage V-compliant underground loaders and trucks for the mining industry.

The company is now testing the first truck with this new engine technology at the Tara mine in Ireland. This follows the launch of its first Stage V loaders in December of 2019.

Sandvik’s flagship truck – the TH663i – is now equipped with brand new Stage V engine technology and is undergoing an extensive field trial period at Boliden’s Tara mine in Ireland.

Trials of the unit, coupled with first-hand customer feedback on technical and operational performance, are an integral part of Sandvik’s customer-focused mindset.

The Stage V engine in the 63-tonne truck is expected to generate lower emissions, for reduced mine ventilation requirements

The Stage V engine in the 63-tonne truck is expected to generate lower emissions, for reduced mine ventilation requirements.

The engine system is designed specifically for underground use and includes built-in fire prevention solutions, increased wiring protection with a shrink mesh wiring harness and electric hardware designed for demanding conditions, with corrosion, heat and water resistance.

Based on the studies conducted, the optional sintered metal DPF reduces particle mass by approximately 99%

The new Stage V engine, which requires ultra-low sulphur fuel and low-ash engine oil to operate, will be an optional feature for the TH663i.

To reduce particle emissions in the lower stages, standard engines on both in TH663i and TH551i trucks can be equipped with a diesel particulate filter (DPF). Based on the studies conducted, the optional sintered metal DPF reduces particle mass by approximately 99%.

From a reliability and maintenance viewpoint, the DPF is well protected but designed for easy cleaning to reduce downtime and operating costs and is also available as a retrofit kit.

Pia Sundberg, product line manager for trucks at Sandvik Mining and Rock Technology, explained that thorough field tests are of the utmost value for both the original equipment manufacturer and customer.

“We want to allow enough time for sufficient testing of new technology, since it is of benefit to both sides,” Sundberg said.

“Possible hiccups that can often occur when developing something new are identified prior to the product being fully commercialized, which enables us to serve our customers better in the long run. Based on the feedback that we receive, we are still able to do some modifications if necessary and thereby make sure that the TH663i meets expectations when it is released to the market with the latest engine technology at a later stage. Of course, there is also some additional new technology on the test truck that we are testing at the same time.”

The TH663i also benefits from recent improvements to Sandvik’s AutoMine offering, with AutoMine for Trucks now allowing autonomous truck haulage underground as well as on surface, which is often part of an underground truck’s normal duty cycle.

In addition, Sandvik’s Artisan Z50 battery truck did an extensive tour earlier this year in Australia and gathered customer feedback for the upcoming new generation of battery-powered vehicles.

Sandvik is a high-tech, global engineering group offering products and services that enhance customer productivity, profitability and safety.

Sandvik Mining and Rock Technology is a business area within the Sandvik Group and a global leading supplier of equipment and tools, service and technical solutions for the mining and construction industries.

(This article first appeared in the Canadian Mining Journal)

MINING PEOPLE: Central Timmins Exploration, Kinross Gold, Marathon

Key moves in the mining sector

Michael Luzich has joined Amerigo Resources as a director. Mr. Luzich is the founder of Luzich Partners LLC, a multi-strategy investment firm formed in 2013 and a significant shareholder in the company.

Bill Harper, director and chairman of the audit committee of Benton Resources has passed away.

Rita Adiani has been appointed to the board of Brixton Metals. Ms. Adiani is currently executive VP of Xiana Mining Inc. Dr. Carl Hering was not nominated for re-election to the board, but will remain as an advisor.

Joseph Ovsenek has been appointed president and CEO and chairman of the board of directors of Central Timmins ExplorationRon MacDonald has also joined the board, with Wes Roberts stepping down as a director. Neville Dastoor will remain on the board but will no longer be chairman.

Defense Metals Corp. has appointed Karl T. Wagner, a former U.S. intelligence senior executive who served with the CIA, as a strategic advisor.

Dale Verran has been appointed CEO of Fortune Bay Corp., effective June 15. Wade Dawe will step down as CEO, but continue as chairman.

John Dyer has resigned as CFO and a director of Gold Rush Cariboo Corp. Aleem Nathwani has been appointed to the board of directors.

Glenn A. Ives has joined the board of Kinross Gold as a director.

James (Jim) Gowans has been appointed as a director of Marathon Gold.

Jim Wiesenberg and Neil Foran have joined the board of Margaret Lake DiamondsDarryl Sittler and Buddy Doyle have resigned as directors.

Nevada Copper Corp. has made changes to its senior management team, including the departure of Matt Gili as president, CEO and a director. Evan Spencer has been appointed interim president and CEO. Mr. Spencer is also chairman at Kasbah Resources.

Richard Gillard, has resigned from the board of directors of New Carolin Gold for personal reasons.

Tony George, a mining engineer with 35 years of experience, has been appointed chief project officer at NexGen Energy, beginning in mid-June for its Rook 1 project.

Quinton Hennigh has joined NuLegacy Gold as an advisor. Dr. Hennigh, one of NuLegacy’s founding shareholders, will provide technical and strategic corporate expertise.

Anthony Milewski has been appointed a director of NxGold Ltd. To accommodate Mr. Milewski’s appointment, Richard Patricio has resigned from the board but will remain as an advisor.

Otso Gold has appointed Mark Gelmon as its new CFO, replacing Daryl Midgley.

Pacific Iron Ore Corp. has announced the resignation of Joel Freudman as president and CEO and Carlyn Dahl as CFO. Binyomin Posen has been appointed CEO and CFO.

Gary Nassif and Jonathan Hill have been appointed to the board of Stratabound MineralsMichael Page has resigned as an independent director.

Galen McNamara has been appointed chief executive officer of Summa Silver Corp., replacing Hani Zabaneh, who will remain a director.

Henri Gélinas and Jérôme Gendron have been appointed as directors of Yorbeau Resources, with Mr. Gélinas also being appointed chairman of the board. Pierre Éloi Talbot has resigned as a director. 

Gérald Riverin, director and former president of the company, and Amit Gupta, director and former chairman, will not be standing for re-election at the company’s AGM in June.

Kenny Choi has been appointed CEO of Yukoterre Resources, following the resignation of Rene Bharti as CEO and a director.

(This article first appeared in the Canadian Mining Journal)