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Trigg Minerals (ASX:TMG) trials innovative new process for potash (SOP) production

by Montpellier Montpellier No Comments

Trigg Minerals Limited (ASX:TMG) Managing Director Keren Paterson discusses the company’s latest assay results and its new technology for producing sulphate of potash.

Tim McGowen: We’re talking sulphate of potash today with Trigg Minerals (ASX:TMG). The company’s an exploration and development company focused on brine-hosted fertiliser minerals that are critical for the production of high-nitrogen food sources. We have with us the Managing Director and CEO, Keren Paterson. Keren, thanks for your time.

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Lean more about Trigg Minerals: trigg.com.au

Kyzyltash BIOX Metallurgical Test Results

by Montpellier Montpellier No Comments

Chaarat Gold (AIM: CGH), the AIM-quoted gold mining company with an operating mine in Armenia, and assets at various stages of development in the Kyrgyz Republic, is pleased to announce the completion of the Bio-oxidation (“BIOX”) first phase metallurgical test programme performed by SGS Lakefield on its Kyzyltash gold project. The project has an unconstrained JORC-compliant Measured, Indicated and Inferred sulphide resource of 5.4 million ounces of gold at 3.8 g/t. Management estimate that the project has the potential to produce approximately 300koz per annum of gold subject to the project meeting its feasibility, permitting and development milestones.

Click here to read the full announcement

Learn more about Chaarat Gold: chaarat.com

Condor Announces Feasibility Study For La India Open Pit.

by Montpellier Montpellier No Comments

Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the results and details of a Feasibility Study, sometimes referred to as a Bankable Feasibility Study (“2022 FS”) on the La India open pit. The 2022 FS supports a Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold and a mine with an Internal Rate of Return (“IRR”) of 23% and a post tax and post upfront capital cost net present value (“NPV”) of US$86.9 million using a discount rate of 5% and price of US$1,600/oz gold. The 2022 FS brings the level of confidence for the Project to the industry standard of engineering design, sufficient to support +/- 15% capital and operating cost estimates.

The economic analysis in the 2022 FS (including IRR and NPV estimates) is based on the La India open pit only and does not include the Mineral Resources at the Mestiza, America, Central Breccia or El Cacao potential extractable as open pits or the Underground Mineral Resources at the La India, Mestiza, America, El Cacao, San Lucas or Cristalito-Tatescame vein sets. Condor believes there is high degree of certainty that additional open pit and underground Mineral Resources can be converted to Mineral Reserves and added to the mine plan through further studies.

Highlights: Feasibility Study La India Open Pit only

The 2022 FS demonstrates a robust and economically viable base case for the La India open pit:

  1. Probable Mineral Reserve of 7.3Mt at 2.56g/t gold for 602,000 oz gold
  2. Production averages 81,545 oz gold per annum for the first 6 years of an 8.4 year mine life
  3. An Internal Rate of Return (“IRR”) of 23% and a post tax, post upfront capital cost NPV of US$86.9 million using a discount rate of 5% and price of US$1,600 oz gold (Mineral Reserve Case).
  4. An Internal Rate of Return (“IRR”) of 43% and a post tax, post upfront capital cost NPV of US$205.2 million using a discount rate of 5% and price of US$2,000 oz gold.
  5. Low initial capital requirement of US$105.5 million (including contingency and EPCM contract)
  6. Low average Life of Mine All-in Sustaining cash costs US$1,039 per oz gold

Click here to read full ASX announcement

Learn more about Condor Gold Plc at: www.condorgold.com

PHASE 2 DRILLING COMPLETED ATMONUMENT GOLD PROJECT, WESTERN AUSTRALIA

by Montpellier Montpellier No Comments

Highlights

~6,000m drilled from 130 holes at the Monument Gold Project (MGP) located within the
Laverton Tectonic Zone, Western Australia

Drilling tested 5 prospect areas comprising two felsic intrusions and three structural targets

35 holes for 1,326m drilled at the high priority Korong felsic intrusion and 14 holes for 684m
at Aermotor, where anomalous gold mineralisation was intersected in quartz veining in
previous drilling

Deep drilling up to 114m end of hole depth encountered across the Celia Tectonic lineament,
highlighting scale and significance of weathering across the structure

All samples have been submitted to the assay laboratory with final results expected in the
next 4-6 weeks.

Click here to read full announcement

Learn more about Si6 Metals: www.si6metals.com

Momentous Capital and Astra Exploration Enter into Amalgamation Agreement and Astra Exploration Secures $1.44 Million in Financing

by Montpellier Montpellier No Comments

VANCOUVER, BC – July 8, 2021 – Momentous Capital Corp. (TSX-V:MCC.P) (“Momentous” or the “Company”) and Astra Exploration Limited (“Astra”) are pleased to announce that, further to their previous announcement of the signing of a binding letter of intent for a proposed transaction by way of press release on June 7, 2021, they have entered into an amalgamation agreement (the “Amalgamation Agreement”) pursuant to which, among other things, Momentous will acquire all of the issued and outstanding securities of Astra (the “Transaction”).

The Transaction

Subject to approval by the TSX Venture Exchange (“TSXV”), Astra will amalgamate with a wholly-owned subsidiary of Momentous in order to facilitate the completion of the Transaction. It is the intention of the parties that Momentous, following the closing of the Transaction (then referred to as the “Resulting Issuer”), will be listed on the TSXV as a Tier 2 Mining issuer, and that the business of the Resulting Issuer will be the business of Astra.

Click here to read full TSX.V announcement

Learn more about Astra Exploration at: www.Astra-Exploration.com

Gold Exploration to Commence on Australian High-Grade Targets

by Montpellier Montpellier No Comments

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) announces that following a major corporate restructuring exercise that has made the Company debt free and with cash at bank, it now intends to commence an active exploration and drilling programme at its Wishbone II gold project in Queensland Australia.

As previously reported regarding Wishbone II, high-grade surface rock-chip samples with assays at surface up to 25.2 grams per tonne gold (“g/t Au”) at the Hanging Valley prospect have been recorded and 7.32 g/t Au were recorded at the Oaky Mill prospect on the licence.

The Wishbone II, III and IV Projects are a sizeable 14,700 hectare 100% owned group of Exploration Licences in the Mingela area located about 80km south of the major Queensland port city of Townsville. As previously reported by the Company, the area is bounded by a large shear zone structure along which historical gold mineralisation has been encountered.

Click here to read the full announcement

Learn more about Wishbone Gold plc: www.wishbonegold.com

OUTSTANDING DRILL RESULTS CONFIRM HIGH GRADERUTILE AT THE RAILROAD PROSPECT

by Montpellier Montpellier No Comments

Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to announce that recent drilling has identified a potentially substantial zone of shallow, high-grade saprolite-hosted rutile mineralisation at the Railroad Prospect. These outstanding results confirm that Sovereign’s ground holding in Malawi has the potential to host a new, globally significant rutile province.

HIGHLIGHTS
First quantitative results from broad-spaced drill-holes at the Railroad Prospect including, from
surface:

13m @ 1.08% including 6m @ 1.25% rutile

8m @ 0.92% including 5m @ 1.06% rutile

5m @ 1.16% rutile

7m @ 0.86% rutile

rutile = rutile recovered to a heavy mineral concentrate as a percentage of the primary drill sample mass.

Click here to read the full announcement

Learn more about Sovereign Metals: sovereignmetals.com.au