#ExploringMining #Podcast Episode 149 – #Mining #Stocks News from (TSXV: $DEFN.V) (OTCQB: $DFMTF) (TSXV: $SPC.V) (NYSE: $RIO) (NYSE: $IAG)

 

#ExploringMining #Podcast Episode 149 – #Mining #Stocks News from (TSXV: $DEFN.V) (OTCQB: $DFMTF) (TSXV: $SPC.V) (NYSE: $RIO) (NYSE: $IAG)

                                           

 

Point Roberts WA, Delta BC, March 9, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has received the results of an X-Ray Transmission amenability study completed on samples of Wicheeda Rare Earth Element (REE) mineralized drill core by the Saskatchewan Research Council (SRC), Saskatoon, Canada. The company’s CEO, Craig Taylor, explained:

 

"Defense Metals is excited to establish the amenability of Wicheeda REE mineralization to the application of low-cost front end upgrading via sensor-based sorting technologies. We know from our very successful flotation pilot plant and bench-scale hydrometallurgical test-work that early volume reduction and upgrading has significant downstream benefits. The quality of concentrate we can deliver to flotation process has direct benefits in terms of process recovery, and reduced costs related to reagent reduction. Based on the success of this amenability test work SRC have recommended proceeding to a series of confirmatory XRT sorting optimization tests."

 

SPC Nickel Corp. began trading on the TSXV yesterday under the ticker symbol “SPC,” following the completion of all filing requirements and a related $7.82 million private placement. The company boasts two advanced-staged exploration projects (Aer-Kidd, Lockerby East) in the Sudbury Mining Camp and an option on a prospective grassroots exploration project (Janes) within the Sudbury Mining District. The company’s President and CEO, Grant Mourre, said:

 

"This announcement represents a significant milestone for SPC, our team, and our shareholders as we launch a new Ni-Cu-PGM company that is focused on making a discovery within the world-class Sudbury Mining Camp. We believe that the Company's exploration assets, in particular our flagship Aer-Kidd Project, have potential to host high-grade, high-value Ni-Cu-PGM mineralization. We plan on immediately initiating an aggressive $3.6 million exploration program at Aer-Kidd and look forward to steady news flow going forward. SPC's goal is to build and grow into a pre-eminent North American nickel exploration company while also returning value to our shareholders through discovery.”

 

Rio Tinto Group (NYSE:RIO) is investing $2.9 million to construct a new plant to recover tellurium, a critical mineral used in solar panels, as a byproduct of copper smelting at its Kennecott mine near Salt Lake City, Utah. Production is expected for the fourth quarter this year, whereupon the plant will have a capacity to produce approximately 20 tonnes of tellurium per year. Rio Tinto’s managing director of Kennecott, Gaby Poirer, said:

 

"The minerals and metals we produce are essential to accelerate the transition to renewable energy. Adding tellurium to our product portfolio provides customers in North America with a secure and reliable source of tellurium produced at the highest environmental and labour standards with renewable energy. Rio Tinto is committed to using innovation to reduce waste in our production process and extract as much value as possible from the material that we mine and process."

 

IAMGOLD Corporation (NYSE:IAG) has announced additional assay results from its delineation diamond drilling program at the Gosselin Zone discovery, near the Côté Gold deposit in Ontario, Canada. Craig MacDougall, Executive Vice President, Growth for IAMGOLD, explained:

 

"These additional results continue to highlight the importance of this new discovery and we are now starting to demonstrate the connection of the Gosselin and Young Shannon Zones outlining mineralization over a sizable area. Our exploration program will continue to focus on the delineation of the mineralized zone targeting the completion of a maiden resource estimate later this year."

 

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#Metals / #GreenEnergy #Stocks News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) X-Ray Transmission Amenability Study Demonstrates Potential For Sensor Based Upgrading Of Wicheeda Rare Earth Element Feed; @DefenseMetals

#Metals / #GreenEnergy #Stocks News: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) X-Ray Transmission Amenability Study Demonstrates Potential For Sensor Based Upgrading Of Wicheeda Rare Earth Element Feed; @DefenseMetals 

 

Vancouver, British Columbia - March 9, 2021 (Investorideas.com Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com) -Mining / Metals / Green Energy Stock News - Defense Metals Corp. ("Defense Metals") (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE)) is pleased to announce that it has received the results of an X-Ray Transmission amenability study completed on samples of Wicheeda Rare Earth Element (REE) mineralized drill core by the Saskatchewan Research Council (SRC), Saskatoon, SK.

 

Read this news featuring DEFN in full at https://www.investorideas.com/news/2021/mining/03091DEFN-X-Ray-Transmission-Amenability-Study.asp

 

The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].

 

Highlights of the XRT amenability study completed by SRC on samples of high-grade REE mineralized Wicheeda diamond drill core are as follows:

 

·        X-ray transmission measurements and QEMSCAN® confirmed that XRT technology can identify Wicheeda REE minerals in drill core samples (Figure 1).

·        Crushing to -15 mm size particles and using a 5% REE mineral lower cut-off in the sorting algorithm, demonstrated the potential of low-cost front end XRT sorting to upgrade 2.3x from approximately 11% REE mineral content to 25% REEmineral content.

·        Upgrading of Wicheeda REE mineralization via XRT sorting has the potential to significantly reduce feed volume forwarded to downstream the hydrometallurgical process.

 

Craig Taylor, CEO of Defense Metals, stated: "Defense Metals is excited to establish the amenability of Wicheeda REE mineralization to the application of low-cost front end upgrading via sensor-based sorting technologies. We know from our very successful flotation pilot plant and bench-scale hydrometallurgical test-work that early volume reduction and upgrading has significant downstream benefits. The quality of concentrate we can deliver to flotation process has direct benefits in terms of process recovery, and reduced costs related to reagent reduction. Based on the success of this amenability test work SRC have recommended proceeding to a series of confirmatory XRT sorting optimization tests."

XRT sorting is a technology that exploits the atomic density (atoms/cm³) differences of minerals. The atomic densityof a mineral is closely related to the minerals' density (gram/cm³) and is therefore a viable technology for upgrading the mineralized feed prior to processing. Previous test work indicated that gravity separation prior to flotation was beneficialin concentrating Wicheeda REE minerals due to the large density differences between the REE and gangue minerals.

 

To evaluate amenability to XRT sorting, a combination of high-resolution XRT and QEMSCAN® (Quantitative Evaluation of Materials by Scanning Electron Microscopy) measurements were carried out at the SRC. Thesemeasurements identify if the atomic density differences between the REE and gangue minerals can be exploited for XRT sorting. The greyscale levels associated with the various minerals are identified using QEMSCAN® measurements.

 

Using the X-ray greyscale images and the QEMSCAN® images, additional theoretical information on the grade of the REE minerals for various particle sizes is generated. The particle grade information determined how much gangue andhow much REE mineralization is present in each size fraction. Information is necessary to determine the benefits ofupgrading the mineralized feed at different particle sizes.

 

Size fractions greater than 6 mm can be viably sorted using XRT sorters while size fractions greater than 0.6 mm are more amendable to sorting using dense medium separation (DMS) and spirals. Size fractions less than 0.6 mm are concentrated via hydrometallurgy processes. The average distribution of the REE minerals and the theoretical grade of the XRT sorted mineralized feed for the six core samples, for each size fraction within 20 mm, 10 mm, and 6 mm particles are shown in Table 1.

 

About the Wicheeda REE Property

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

 

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

 

Methodology and QA/QC

A total of 6 core samples were selected for X-ray transmission measurements. Each sample was imaged using 2-dimensional X-ray transmission measurements to identify greyscale differences in the core samples. The greyscale levelsassociated with the various minerals are identified using QEMSCAN® measurements. The X-ray images are thenmodified using a defined threshold to identify the location and dispersion of the REE minerals and pyrite throughout the core samples. The results of this XRT amenability study are theoretical in nature and may not be representative of actual recoveries obtainable via direct testing using XRT sorting and DMS.

 

Using image analysis techniques on the QEMSCAN® images, the percent removal of low-grade mineralization iscalculated for different theoretical size fractions. The size fractions used in this study were: 20 mm, 10 mm, 6 mm, 3 mm,1.2 mm, and 0.6 mm rectangular particles.

 

Defense Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein. The SRC operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration Laboratories. SRC is independent of Defense Metals Corp. and the Qualified Person.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of "GREEN" energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol "DEFN" on the TSX Venture Exchange, in the United States, under "DFMTF" on the OTCQB and in Germany on the Frankfurt Exchange under "35D".

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca

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

 

Cautionary Statement Regarding "Forward-Looking" Information
This news release contains "forward‐looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to proceeding to a series of confirmatory XRT sorting optimization tests and the expected, plans for the Wicheeda Property, the advancement and development of the Wicheeda Property, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company's profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.'s profile on SEDAR (www.sedar.com)

 

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Breaking #Mining #Stock News: Fortune Bay (TSXV: $FOR.V) Announces Grant of Stock Options; @fortunebaycorp

Breaking #Mining #Stock News: Fortune Bay (TSXV: $FOR.V) Announces Grant of Stock Options; @fortunebaycorp

 

HALIFAX, NS - March 5, 2021 (Investorideas.com Newswire) Fortune Bay Corp. (TSXV: FOR, Frankfurt: 5QN) ("Fortune Bay" or the "Company") announces that the board of directors of the Company has approved the granting of 350,000 incentive stock options (the "Options") pursuant to the Company's Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 230,000 of the Options which are exercisable at a price of $1.10 per share, expire on March 4, 2026 and vest over a three-year period.

 

Read this news, featuring Fortune Bay in full at https://www.investorideas.com/CO/FOR/news/2021/03051Grant-Stock-Options.asp

 

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR) is a gold-focused exploration and development company with 100% ownership in two advanced exploration gold projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company has agoal of building a mid-tier gold exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company’s website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.

 

On behalf of Fortune Bay Corp.

"Dale Verran"

Chief Executive Officer

902-334-1919

 

Cautionary Statement Regarding Forward-Looking Information

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation.

For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.

 

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

 

Fortune Bay Corp. (TSXV: FOR) is a featured Mining stock on Investorideas.com

 

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#ExploringMining #Podcast Episode 148 – #Mining #Stocks News from (NYSE: $IAG) (NYSEAmerican: $GPL) (CSE: $GOH.C) (TSXV: $GBML.V)

 

#ExploringMining #Podcast Episode 148 – #Mining #Stocks News from (NYSE: $IAG) (NYSEAmerican: $GPL) (CSE: $GOH.C) (TSXV: $GBML.V) 

 

Point Roberts WA, Delta BC, March 4, 2021 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

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IAMGOLD Corporation (NYSE:IAG) has reported assay results from its 2020 exploration diamond drilling program completed on the Astoria Target Area at the Rouyn Gold Project in Quebec, Canada. IAMGOLD’s Executive Vice President of Growth, Craig MacDougall, commented:

 

"The completion of this program has provided important information to assess the potential of the historic Astoria deposit. The program was conducted in accordance with well-established Company-wide health and safety protocols to manage the impacts of the COVID-19 pandemic. These results will be used to update our geological models and help guide our exploration program to continue to assess the resource potential for this area. Drilling has now resumed at Lac Gamble and will include the completion of selected infill holes, as well as geotechnical drill holes to assess rock quality of the host rock units."

 

Great Panther Mining Limited (NYSEAmerican:GPL) has reported consolidated financial results for the year ended December 31, 2020 from its three wholly-owned mines: Tucano in Brazil, and Topia and the Guanajuato Mine Complex in Mexico. For fiscal 2020, the company reported record mine operating earnings of $83.9 million ($0.24 per share), and earnings of $22.1 million ($0.06 per share) for Q4. Rob Henderson, President and CEO of Great Panther Mining, said:

 

"Our teams did a tremendous job of managing the challenges of COVID-19, while reducing consolidated AISC, delivering on guidance, successfully extending the open pit mine life at Tucano, and expanding resources at GMC. With $63 million in cash and the expectation for continued strong cash flow from operations, we are fully funded for our capital programs and our ambitious 2021 exploration programs."

 

GoldHaven Resources Corp. (CSE:GOH) has provided a drilling update on its Rio Loa Project. The company’s CEO, Daniel Schieber, commented on developments there and forthcoming drilling plans for the Alicia Project:

 

"This is the right step in our development to unlock the potential of our 251 square km Maricunga district play. The drilling continues as planned and has been providing us with what we want to see at this stage. The Alicia project is next-up for drilling which will provide consistent news-flow after we complete at Rio Loa."

 

Global Battery Metals Ltd. (TSXV:GBML) has acquired the property area known as the Lithium King property. According to the press release, the property consists of approximately 7,900 acres (3,200 hectares) of placer claims, and boasts “excellent infrastructure,” and a mining friendly jurisdiction. Michael Murphy, the company’s President and CEO, commented:

 

“We are very excited to have added the Lithium King Property to our growth-oriented portfolio of battery metals projects. Samples from the Property have recorded positive lithium values, with excellent access from Interstate Highway 80, which runs beside the Property. We look forward to rapidly advancing this Property, beginning with digitizing historical data, water sampling, modelling, and ultimately leading to drill testing."

 

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