Thursday, April 18, 2019

#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Additional Positive Metallurgical Recoveries for Las Chispas


#Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces Additional Positive Metallurgical Recoveries for Las Chispas



Vancouver, British Columbia - April 18, 2019 (Investorideas.com Newswire) SilverCrest Metals Inc. (
TSXV: SIL.VNYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce positive metallurgical test results for the Las Chispas Property (the "Property") located in Sonora, Mexico. Previous metallurgical testing of Las Chispas mineralization suggested precious metal recoveries for three separate composites of two veins using standard bottle roll leach tests showing 98.9% for gold ("Au") and 86.6% for silver ("Ag"). These new detailed metallurgical test results show estimated recoveries for gold ranging from 98.4% to 98.9% and for silver ranging from 91.4% to 94.8%, or recovery for silver equivalent ("AgEq"; based on 75 (Ag): 1 (Au), defined in table below) from 94.0% to 96.5%, confirming high gold recoveries and improved silver recoveries.

These test results were based on a process flowsheet, using conventional methods comprised of gravity concentration and intensive leaching followed by gravity tails standard leaching. The upcoming Preliminary Economic Assessment ("PEA") will use AgEq recoveries approximately 4% lower than the average of three master composites until further detail test-work is completed in 2019.


Pierre Beaudoin, COO, noted, "These impressive metallurgical test results confirm our gold metal recoveries and improve upon our silver metal recoveries at Las Chispas utilizing composites covering most of the current resource. These new positive results show 94.0% to 96.5% for estimated AgEq recoveries, including 36.7% to 40.2% from gravity concentrate recoveries, suggesting meaningful upside potential on the overall assumptions for the project's economics. We are also pleased with our chosen process flowsheet of gravity circuit recovery with intensive leaching of concentrates followed by conventional leaching. Low to high-grade mineralization of greater than 2,000 gpt AgEq responded well with this chosen process showing high precious metal recoveries independent of grade. This independence suggests the ability to mine and process high-grades of plus 2,000 gpt AgEq, such as found in Shoot 51, without significant constraints on grade mixing to achieve acceptable recoveries. We are continuing with the detailed metallurgical test-work to support upcoming studies in 2019, with our focus on making a mine construction decision in H1, 2020."

The detailed metallurgical test-work program was designed to represent the entire September 2018 resource (refer to "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico" dated November 19, 2018).

Samples consisted of mineralization from surface to depth, and applied knowledge on geo-metallurgy with respect to low to high grades, structural domains, and oxide to sulfide mineralization. A total of 445 kg was selected from 51 core holes and nine underground samples to compile 15 different samples, based on geo-metallurgical domains which were combined into three master composites. These composites utilized 210 kilograms of mass representing a variety of grades (low, medium and high) of 500 to 2000 gpt AgEq expected during conceptual operation. The balance of the 445 kilograms was reserved for further metallurgical test-work in 2019. The table below presents the grades for the three composites.

Las Chispas Composite Grades For Detailed Metallurgical Test-Work



* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17.00 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

Metallurgical tests were completed on the three master composites using several different processing methods including leaching, flotation, gravity and combinations of these methods under different conditions. The most positive results were generated from gravity recovery followed by conventional leaching. The best leaching results shown in the table below were obtained with a 96 hour leach, 2,000 ppm CN, 300 gpt Pb(NO2)3 and >20 ppm O2. The gravity concentrate recovery was impressive with AgEq recoveries of 36.7% to 40.2%. As all gravity concentrates produced were consumed during assaying to ensure proper metallurgical accounting and head grade estimation, sample material from the three composites was not available for intensive leaching. However, an additional separate concentrate was tested for intensive leaching recoveries and used for total estimated recovery of precious metals.

This gravity concentrate graded 75.0 gpt Au and 7,273.3 gpt Ag, or 12,901.6 gpt AgEq and was used to fully test the response to intensive leaching under three different conditions. The best gravity concentrate leaching kinetics were obtained on two concentrates reground to 61 microns. On these two tests, intense leaching showed an average gold recovery greater than 90% after two hours, silver recovery greater than 90% after 12 hours and a final recovery of 99.7% AgEq after 96 hours. All tests included concentrations of 30.0 g/l NaCN, 20-30 ppm O2 and 24 kg/MT GoldiLOX[1]. Estimated recoveries for the composites are presented in the following table.

Las Chispas Gold and Silver Recoveries Using Gravity Concentrate with Intensive Leaching and Conventional Leaching


Note: Numbers are rounded.
1 GoldiLOX is a leach accelerant designed to improve leach kinetics in intensive cyanidation.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17.00 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.


SGS Mineral Services ("SGS") in Durango, Mexico completed the gravity concentrate and the standard leaching. The intensive leaching test-work was completed at the SGS facility located in Lakefield, Ontario, Canada.

The upcoming Las Chispas PEA will use the recovery results from the Low Grade Composite and the Medium Grade Composite, which represents an average grade of 769 gpt AgEq and comparable to the weighted average resource grade of 729 gpt AgEq. Additionally, the Company will limit the intensive leaching recovery to 90% (from 99%) until further optimization work is completed. PEA estimated recoveries will average 94.4% for gold and 89.9% for silver, or 91.6% for AgEq as shown in the following table.
Las Chispas Au, Ag and AgEq Recoveries For PEA


Note: Numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17.00 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.


Conceptually, the process flowsheet for the PEA is gravity recovery followed by intensive leaching of concentrate, conventional leaching of the gravity tails, and Merrill-Crowe CCD plant/refinery to produce silver-gold dore bars.

After the announcement of the PEA anticipated in Q2, 2019, further studies by the Company will focus on optimization of metallurgical results including: 1) mineralogical studies with emphasis on native silver, electrum (native silver-gold) and argentite (silver sulfide) impacts on gravity and leaching, 2) leach kinetics for both gravity concentrate and gravity tailings leaching to potentially reduce residence time, 3) additional geo-metallurgical testing on several other vein zones and stockpiles, 4) examine whether metallic screen sample analysis versus fire-atomic absorption (AA) geochemical analysis impacts the metallurgical balance for estimating actual metal recoveries, and 5) determine additional gravity concentrate recoveries using subsequent intensive leaching to be used for verification and optimization.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.

ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARDLOOKING STATEMENTS
This news release contains "forwardlooking statements" within the meaning of Canadian securities legislation. Such forwardlooking statements concern the intended use of proceeds and the scheduled closing date for the Offering. Such forwardlooking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forwardlooking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forwardlooking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forwardlooking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.


N. Eric Fier, CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

For Further Information:
SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone:+1 (604) 694-1730
Fax:+1 (604) 357-1313
Toll Free:1-866-691-1730 (Canada & USA)
Email: info@silvercrestmetals.com
Website: 
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[1] GoldiLOX is a leach accelerant designed to improve leach kinetics in intensive cyanidation.

SilverCrest Metals Inc. (TSXV: SIL.V; NYSE: SILV) is a featured company on Investorideas.com



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Tuesday, April 16, 2019

#Gold Bulls Push Forward - Companies Making Big Moves in Sector: (NASDAQ: $USAU) (NYSE: $NEM) (TSX: $LUN.TO) (TSX: $WDO.TO)


#Gold Bulls Push Forward - Companies Making Big Moves in Sector:  (NASDAQ: $USAU) (NYSE: $NEM) (TSX: $LUN.TO) (TSX: $WDO.TO) 



Point Roberts WA, Delta BC – April 16, 2019 – Investorideas.com, a global investor news source covering mining stocks releases a snapshot looking at the gold-mining segment and companies making moves to set themselves up for a possible “spring” gold rally.

In a recent article from Mining.com, “The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold stocks should surge substantially.”
U.S. Gold Corp. (NASDAQ: USAU), a US-focused gold exploration and development company with a portfolio of properties is focusing more on human assets for April having just announced that the Honorable Ryan K. Zinke has been appointed to the Board of Directors. His appointment made headlines, noting his background, “Former Congressman and 52nd US Secretary of the Interior for the Trump Administration and - A geologist from Montana with in-depth mining industry regulatory contacts and experience.”


Edward Karr, President and CEO of U.S. Gold Corp. stated, "All of the Directors of U.S. Gold Corp. are thrilled to welcome the Honorable Ryan Zinke to our Board.  As the former Secretary of the Interior and a geologist, Commander Zinke has an in-depth knowledge of the governmental regulatory and permitting process for mining and exploration companies.  We look forward to his future contributions to the overall Board, technical committees and permitting assistance with our Copper King project in Wyoming.”

The Honorable Ryan Zinke commented, “I look forward to joining a winning team.  U.S. Gold Corp. has attractive exploration and development projects in two mining friendly jurisdictions of Wyoming and Nevada.  I am confident that my prior experience can add tremendous value to the company.  I am excited to work closely with management and the Board to help make mining great again in America.”

This follows news from mid-March,U.S. Gold Corp. Completes Additional District-wide Geochemical Surveys on the Keystone Project, Cortez Gold Trend, Nevada.”

From the news: Dave Mathewson, Vice President of Exploration for U.S. Gold Corp. states, "The geochemical data we have accumulated at Keystone demonstrate that we are potentially dealing with a very large and complex, Carlin deposit-type system.

One of the larger developments to come out this month has been from Newmont Mining Corp. (NYSE: NEM), whose shareholders recently approved the company's $10 billion takeover of Goldcorp Inc. which is set to create the world's biggest gold producer with assets across the Americas, Africa and Australia.

The new company, to be called Newmont Goldcorp, will overtake the current market leader Barrick Gold Corp. in annual production, churning out 6 million to 7 million ounces of gold annually over the next 10 years, compared with Barrick's forecast of 5.1 million to 5.6 million ounces for 2019.

Lundin Mining Corp. (TSX:LUN) (OTC: LUNMF) said on Monday that it would acquire a Brazilian gold-copper mine of Yamana Gold Inc. for more than $1 billion, helping to boost its base metals production after a failed acquisition attempt last year.

The Chapada Mine, located about 270 kilometers (168 miles) northwest of the nation's capital of Brasilia, began operating in 2007 and is expected to produce about 54,500 tonnes of copper and 100,000 ounces of gold in 2019.

"We believe the acquisition of the Chapada Copper Mine in Brazil makes sense for Lundin as it gives them a producing, long life copper-gold mine with growth potential, and the price paid appears good," Sam Crittenden, an analyst at RBC Capital Markets, wrote in a note.

Wesdome Gold Mines Ltd. (TSX: WDO) (OTC: WDOFF) has also announced upcoming changes to its Board of Directors. At the Company’s upcoming 2019 Annual General Meeting of Shareholders, Mr. Charles Page will retire as Chairman and director and will not stand for re-election. In addition, Mr. Rowland Uloth will also be retiring from the Board and will not stand for re-election at the AGM.

Pursuant to the Board’s succession plan, following the AGM and pending his re-election to the Board, Mr. Warwick Morley-Jepson will be appointed as the new independent Chairman of the Board. Mr. Morley-Jepson has more than 35 years experience in the mining industry within operations, project and business development in the precious metal sector.  He served as Executive Vice President and Chief Operating Officer of Kinross Gold Corporation from October 2014 to December 2016 and as Senior Vice President, Operations, and Vice President and Regional Vice President - Russia, between October 2009 and October 2014.
Despite some apathy hanging over the sector, gold stocks are still marching higher, thanks in part to renewed interest in the mining sector due to large acquisitions and high profile company appointments, and positioning for a long term future. The industry continues to reference peak gold as a catalyst for some of the mergers and acquisitions and posturing within the sector, inciting avid gold investors to look for the next possible play.  
Investorideas.com has created a directory of gold and mining stocks for investors following the sector.


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Thursday, April 04, 2019

The #AIEYE: How #AI, #IoT and Digital Tech are Transforming Resource Industries (TSXV: $MCLD.V) (OTC: $SBGSY) (TSX: $STLC.TO) (TSXV: $AIIM.V)


The #AIEYE: How #AI, #IoT and Digital Tech are Transforming Resource Industries (TSXV: $MCLD.V) (OTC: $SBGSY) (TSX: $STLC.TO) (TSXV: $AIIM.V)

Point Roberts WA, Vancouver BC – April 4, 2019 – Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, looking at how new developments in AI, IoT and the digital tech sector are now being deployed in seemingly “old-school” industries such as oil and gas and mining.

As technology progresses forward at a break-neck pace, older and more established industry sectors such as oil and gas, or mining and manufacturing are beginning to realize that utilizing these new technologies is the only way to embrace the future.  BI Intelligence predicts that global manufacturers will invest $70 Billion on IoT solutions in 2020, up from $29 Billion spent in 2015.



Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence and analytics, recently unveiled its plans to connect oil and gas field workers with real-time access to digital work assistance capabilities using the Company’s AssetCare platform delivered via head-worn, hands-free smart glasses.







Originally developed to support field workers and maintainers in mCloud’s Smart Buildings and Wind segments, the Company expects to deliver similar capabilities within its recently announced entry into Oil and Gas through its newly-signed three-year global licensing agreement for AssetCare solutions with Fulcrum Automation Technologies (“Fulcrum”). In the oil and gas industry, mCloud estimates there are over 1.4 million field workers operating over 500,000 assets across North America whose roles would benefit from the enhanced productivity and efficiency that would come with hands-free access to AssetCare in the field.

Delivered on smart glasses, mCloud’s AssetCare platform enables workers in the field to get access to the right information at the right time combining the features of an AI-powered digital assistant with advanced 3D and mixed reality. Real-time digital work instructions enable workers to get guidance and verification as they work through complex procedures, ensuring they get jobs done right the first time. Smart work order management capabilities ensure workers focus on those field assets in most urgent need of attention.

In addition, remote assistance, provided through mCloud’s strategic arrangement with Agnity Global enables workers in the field to virtually collaborate with experts in the corporate back-office through a secure, enterprise-grade video and audio link.

“Our ability to deliver AssetCare on hands-free smart glasses lets us dramatically improve the productivity and efficiency of field workers everywhere,” said Dr. Barry Po, mCloud’s Chief Product Officer. “All across the oil and gas value chain, there are opportunities for us to enhance the way decisions are made in the field.”

Schneider Electric S.E. (OTC: SBGSY), a leader of digital transformation in energy management and automation, has recently announced the launch of Schneider Electric Exchangethe world's first cross-industry open ecosystem dedicated to solving real-world sustainability and efficiency challenges.

"Digitization continues to revolutionize the way we work and behave. The world can no longer work in independent silos; the need for better integration and collaboration has unearthed new opportunities and solutions. Schneider Electric Exchange brings together a diverse ecosystem of digital innovators and experts, enabling the co-creation of solutions and enriching learning and speed through collective intelligence. Together this digital ecosystem creates, collaborates, and scales business growth," says Cyril Perducat, EVP IoT & Digital Offers, Schneider Electric.

Stelco Holdings Inc. (TSX: STLC) (OTC; STZHF), the owners of North America's newest and most technologically advanced integrated steelmaking facilities recently announced signing an agreement with Canvass Analytics Inc., a global leader in AI software for intelligent industrial operations to use Canvass's AI platform to transform its steel operations, improve yield and boost productivity.

Alan Kestenbaum, Executive Chairman of Stelco Inc. commented: "As a company that strives to deliver the market's highest quality products in a cost competitive manner, we are continuously looking at how we can operate better. By partnering with Canvass Analytics, we are systematically transforming our facilities into intelligent operations environments and augmenting a digitally oriented workforce in order to take the efficiency of our operations to the next level. Canvass Analytics quickly demonstrated to us the usefulness of AI in certain areas of our operations and the potential of applying AI across our operations in order to increase our profitability and competitiveness."

In the mining sector, Albert Mining Inc. (TSX-V: AIIM), using Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 announced on March 28th that its technology will be used on Playfair Mining Ltd.’s RKV property (Tynset, Hedmark County area, 295.96 square kilometres), located in Southern Norway, 350 km North of Oslo. A fee will be paid to Albert for applying its CARDS (Computer Aided Resources Detection Software) system using AI and Datamining on the RKV property.

Albert Mining says its objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
AI is changing the future of the resource sector from agriculture to energy and mining but it also impacts almost all sectors as innovation and demand for efficiency become key ingredients for success.  In Canada and the US, the resource sector is a key contributor the economy, so the old must meet the new or face meeting the fate of the dinosaurs.

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