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Appia Announces Assay Results Of The Alces Lake Western Anomalies Drilling Campaign
TORONTO, ONTARIO, April 4rth, 2023 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE: API, OTCQX: APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is excited to announce the release of assay results from 2022 diamond drilling of various regional exploration targets at its 100%-owned Alces Lake Rare Earth Elements (REES) Property, Northern Saskatchewan.
Final assays for Appia’s 2022 Alces Lake diamond drilling program have been received, compiled, and interpreted zone-by-zone, the third (and final) set of results is reported here. In 2022, The Company completed an extensive diamond drilling campaign of regional exploration targets. Targets were identified primarily through the interpretation of the company’s 2021 Airborne Radiometric (U, Th, K) survey in conjunction with its 2021 and 2022 prospecting results. Table 1 below highlights the most significant geochemical assay results from the regional drilling program. Table 2 provides the collar information for all of the drill holes from the 2022 regional diamond drilling program. The complete assays results are available in Table 3 by clicking on this link.
The Magnet Ridge West Target (Figures 1 and 2), first identified and drilled in 2022, returned multiple intervals of a REE (monazite-bearing) mineralization over significant drill widths, including:
15.78m @ 0.201 wt.% TREO from hole 22-MRW-005
6.29m @ 0.253 wt.% TREO from hole 22-MRW-006
10.12m @ 0.145 wt.% TREO from hole 22-MRW-009
Follow-up drilling is warranted
The West Limb area (Figures 1 and 3), where Appia recently reported a discovery of massive monazite at surface, returned 2.07m @ 0.447 wt.% TREO from hole 22-WEL-004. And from the large Western Anomaly area (Figures 1 and 4), DDH 22-WES-003 returned 8.31m @ 0.123 wt.% TREO.
“Combined with the recently released results from the WRCB’s high-grade Wilson Zone (See March 2nd, 2023 News Release) and the extension of the Magnet Ridge Zone’s thick sequences of REES near surface over significant strike length and drilled widths exceeding 28 metres (See March 20th, 2023 News Release), Appia’s 2022 work season produced excellent results and further established Alces Lake as the Company’s priority project,” stated Stephen Burega, President.”
He continued, “Follow-up geophysical and geochemical surveys are planned along and across the highest-priority areas of Alces Lake’s major structural corridor that extends south-southeast from the main mineralized zones at WRCB to Magnet Ridge and continues for another 20 to 25 km. A highly focussed drilling campaign will test numerous targets to further delineating the continuity of mineralization controlled by this important structural corridor.”
Vice President, Exploration Irvine Annesley says, “The scale and extent of regional REE anomalies on the Alces Lake project provides us with numerous targets to test (drill) outside of the WRCB and Magnet Ridge areas. This clearly shows us that the Alces Lake area has a lot more mineralization to discover/uncover from surface to depth. Volume and tonnage is the intended result”.
Tudor Gold on its Upgraded Mineral Resource Estimate Mining Stock Daily
Paul Harris connects with Ken Konkin of Tudor Gold regarding the latest news of the updated resource estimate for the Goldstorm Porphyry Deposit in British Columbia. Ken discusses the Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) within 641.93 million tonnes (Mt) at a grade of 1.13 g/t AuEQ and Inferred Mineral Resource of 7.35 Moz AuEQ within 233.90 Mt at a grade of 0.98 g/t AuEQ. However, Ken also expresses the company's continued interest in finding more ounces within a few satellite targets outside of Goldstorm.
Listen to the podcast (scroll down to "Play"):
https://podcasts.apple.com/us/podcast/tudor-gold-on-its-upgraded-mineral-resource-estimate/id1418050443?i=1000605234155
Thank you RT for that link. A very nice thumbnail analysis of the project. Included at the end there was some discussion about ownership.
Yes I understand that horse could payoff very nicely. You might look at PCOGF for being at the heart of the Orange Basin.
Would you care to identify the other horse in the Namibia oil patch.
Yeah I was surprised that Mark mentioned supplying niobium, scandium, titanium, AND rare earths without any qualifier. I think I also heard the lead in speaker mention magnetic rare earths. So maybe a decision has been made but there is no PR.
Yes some definitive data about the REEs from the Canadian facility either today or tomorrow would be very very helpful IMO.
I assumed that the warrants were separated from the GXII shares and could have been sold as GXIIW on the open market prior to the merger. Those separated warrants were what made the GXIIW market that many or us purchased.
Hmmm Numerous posters have wondered why the GX people voted for the merger and then 95% redeemed their positions.
Maybe they liked the project but thought:
> If I vote to approve the merger I have a bunch of warrants that are free and will not be expensive to convert to NB shares in the future.
> I redeem my GX shares and get my full money back and still have the warrants.
> The recent history of SPACs is that the share price of the surviving entity goes down. Therefore I can buy on the open market the same number of shares that I would have gotten if I stayed in by using a percentage of the funds I got back when I redeemed my funds in GX
Result (numbers are example only):
Say I had put in, and got back, $1,00,000
> I now have warrants
> I purchase NB shares on the open market for (say) $800,000 and now have the same number of shares I would have if I had not redeemed.
>I have $200,000 in my checkbook.
Pretty good financial engineering.
I think it would be helpful if the 2023 Feasibility document includes some funding for:
> Core drilling to identify just how deep the ore body is.
> Core drilling to identify the outline of the ore body.
> Core drilling to define the overall size (43-101 requirements) of the ore body.
This work, during the work to construct the mine and processing facility, will generate exciting (I hope!) information during the months it takes to build a mine and the stock often goes through a slump in investment interest.
Additional core drilling with very large core sizes to investigate the specific pockets of higher value elements such as the Scandium, Titanium and Rare Earths. Some of these pockets may be far removed from the mine plan but the demand (political or otherwise) may be high enough to justify an operation which might otherwise be uneconomic.
The large drill cores can be split into a number of parts, one third of the core can be retained in the core shed, another one third sent for assay, and one third sent to the State for their collection. The remaining one half can be sent to the Canadian pilot plant.
The balance sent to the Canadian pilot plant will allow NioCorp to test and fine tune the processing steps for the various mixes of mineral concentrations in the ore prior to actually having to process them in large volumes coming up from the underground mine. The processing of this extra core material may also allow NioCorp to investigate specialty chemical purity and material form. The processing of this extra core material may also generate some revenue while the mine is being built. Hmmmm how big was the core to rescue the stranded miners in Chile a few years ago?
This investigation process could cover the Rare Earth pockets discussed in the MD&A section of the 9/30/2013 quarterly report. In that report it reviewed, on Page 5, some anomalies.
Hole EC-40 approximately 1.5 kilometres northeast of the core niobium resource zone intersected 24.4 metres of 1.01% Nb205 and 0.31% REO. Hole EC-95 located approximately 1.2 kilometres southwest of the core niobium resource zone intercepted 10.5 metres of 0.70% Nb205.
Also three zones of anomalous REE mineralization were identified outside the core historic niobium resource zone, during the wide-spaced exploration drilling. The results of the those are summarized below.
Hole ID From(m) To(m) Int(m) TREO (%)
Eastern
EC-93 149.4 289.6 140.2 2.19
Including 179.8 198.1 18.3 3.12
EC-43 243.8 256.0 12.2 2.83
Including 295.7 323.1 27.4 1.52
Central
EC-4 217.1 402.3 185.2 1.18
Including 417.6 445.0 27.4 1.02
EC-41 304.8 335.3 30.5 1.19
Including 365.8 396.2 30.5 1.28
EC-55 237.7 429.8 192.0 1.31
Including 246.9 271.3 24.4 1.62
Including 289.6 323.1 33.5 2.09
Including 338.3 390.1 51.8 1.52
Western
EC-1 198.1 219.5 21.3 1.05
Including 225.6 234.7 9.1 1.08
EC-17 554.7 612.6 57.9 1.27
EC-19 187.5 253.0 65.5 1.13
Including 627.9 661.4 33.5 1.02
EC-21 207.6 228.6 21.0 1.54
I agree
You might want to include the number of warrents
Hi NCT
American Creek's JV Partner Tudor Gold Announces Significant Upgrade to Mineral Resource Estimate for the Goldstorm Porphyry Deposit at the Treaty Creek Project, British Columbia with Increased Gold, Copper and Silver Grades and Doubling of the Total Cont
Highlights of the Updated Mineral Resource Estimate on the Goldstorm Deposit at the Project ("MRE"):
> Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) within 641.93 million tonnes (Mt) at a grade of 1.13 g/t AuEQ; comprised of:
>> 18.75 Moz of gold (Au) at 0.91 g/t, 112.44 Moz of silver (Ag) at 5.45 g/t, and 2.18 billion pounds (Blbs) of copper (Cu) at 0.15 %.
> Inferred Mineral Resource of 7.35 Moz AuEQ within 233.90 Mt at a grade of 0.98 g/t AuEQ; comprised of:
>> 5.54 Moz Au at 0.74 g/t, 45.08 Moz Ag at 5.99 g/t, and 848.00 million pounds (Mlbs) of Cu at 0.16 %.
> CS-600 Domain is comprised of an intrusive hosted gold-copper porphyry system and hosts an Indicated Mineral Resource of 9.86 Moz of AuEQ within 278.02 Mt at a grade of 1.10 g/t AuEQ; comprised of:
>> 6.22 Moz Au at 0.70 g/t; and 1.98 Blbs of Cu at 0.32 %.
A 1.0 g/t sensitivity cut-off for all the Indicated Mineral Resource (open-pit and underground) measures 15.18 Moz of AuEQ at a grade of 1.48 g/t AuEQ; comprised of:
12.29 Moz of Au at 1.20 g/t, 72.07 Moz of Ag at 7.02 g/t and 1.35 Blbs of Cu at 0.19 %.
Improved the definition and spatial continuity of the Goldstorm porphyry system which is comprised of six separate mineral domains over an area that measures approximately 2,500 m in length, 1,000 m in width and 1,400 m in depth.
The Goldstorm Deposit remains open to the south, north, northeast and at depth.
Commenting on the results, Ken Konkin, President & CEO of Tudor Gold stated: "We are very pleased by the results of our updated MRE for the Goldstorm Deposit, which resulted in an impressive 53 % increase in the gold equivalent grade and a 20 % increase in total gold equivalent ounces within the Indicated Mineral Resource category. The updated MRE utilizes higher cut-off grades (Pit: 0.50 g/t AuEQ, Underground: 0.70 g/t AuEQ) than the 2021 MRE (Pit: 0.30 g/t AuEQ, Underground: 0.46 g/t AuEQ). These higher cut-off grades exemplify the robust nature of this deposit, including the mineral consistency and thickness of the higher-grade gold and copper mineralized domains that were intercepted during the Company's 2021 and 2022 drill programs. Even at these higher cut-off grades, the overall project-wide contained copper in both the Indicated and Inferred Mineral Resource categories increased to more than double that of the previous MRE, to over 3 billion pounds of copper. These accomplishments are a culmination of two additional years of drilling and refining of our geologic understanding to vector towards higher-grade gold, copper, and silver. These improvements to the Goldstorm Deposit are expected to provide an excellent foundation as the Company advances the Treaty Creek Project towards an initial economic assessment. Continued definition and expansion drilling will continue in 2023 to target higher gold, silver and copper grades throughout the northern expansion area of the Goldstorm Deposit."
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=f59c91e4a2
AFRICA OIL ANNOUNCES NEW COMPETENT PERSON'S REPORT FOR PROSPECTIVE RESOURCES IN BLOCK 3B/4B, ORANGE BASIN
LONDON, March 8, 2023 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that an independent review of the Company's prospective resources has been completed by RISC Advisory (UK) Limited ("RISC"), in accordance with Canadian National Instrument 51-101 – Standards for Oil and Gas Activities ("NI 51-101"), the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook") and the Petroleum Resources Management System 2018 ("PRMS"). The effective date of RISC's report is March 7, 2023. View PDF version
Highlights
RISC has reviewed the prospective resources and probability of geological success of an inventory of exploration prospects within Block 3B/4B and have reported total unrisked gross P50 prospective resources of approximately 4 billion barrels of oil equivalent ("boe"). Probability of success ranges from 11% to 39% over the 24 prospects identified.
The prospect inventory evaluated by RISC has been identified following completion of the reprocessing of 2,200 km2 of 3D seismic data and knowledge of the regional geology of play-opening discoveries in the Orange Basin, offshore Namibia, including TotalEnergies' Venus discovery and Shell's Graff, La Rona, and Jonker discoveries.
Africa Oil is the operator of Block 3B/4B with a 20% participating interest,
The Company and its partners are progressing plans to conduct a two-well campaign on Block 3B/4B and are in discussions with various potential partners to farm out up to a 55% gross working interest in the Block.
Africa Oil Chief Executive Officer, Keith Hill, commented on the statement of reserves: "Africa Oil is at the forefront of the exciting appraisal and exploration activities in the Orange Basin, probably the most sought-after new petroleum region globally. We are the only publicly-listed Independent E&P company with exposure to the transformational upside of the Venus discovery and its possible westerly extension. We are also excited about the large prospect inventory in Block 3B/4B; the prospects are all based on 3D seismic and are of similar age and type to the discoveries announced by Shell and TotalEnergies in the Orange Basin. We are keen to begin drilling our first prospect, possibly as soon as 2024, and we will start the environmental impact surveys this month."
Does anyone have a link to the last quarterly/year end video report by the company?
Africa Oil Corp. And The Best Acquisition In History
We last discussed Africa Oil Corp. (OTCPK:AOIFF) just a few months ago. Since then, the company has beat the S&P 500 (SPY) by double-digits, something we think represents the company's incredibly successful Prime Oil & Gas acquisition which has paid itself off in less than 3-years. As we'll see throughout this article, overall, the company has enormous potential for shareholder returns.
https://seekingalpha.com/article/4585561-africa-oil-best-acquisition-in-history?mailingid=30768178&messageid=authors_alerts&serial=30768178.47644&utm_campaign=nl-authors-alerts&utm_content=authors_alerts&utm_medium=email&utm_source=seeking_alpha&utm_term=30768178.47644
FYI
Just came through 3/7/23
The Treaty Creek property has been ranked as the 10th largest deposit being explored in the world.
American Creek (ACKRF) holds 20% Joint Venture with Tudor Gold for the Treaty Creek property.
Treaty Creek's Golden Future
Tudor Gold's President and CEO Ken Konkin, kicks off the Toronto swing at Red Cloud's Pre-PDAC conference. After two tremendous drill seasons, Mr. Konkin delivers a value packed presentation on all the insights that have come from the programs and where the project is headed.
This is a must watch for Treaty Creek shareholders.
Thanks for the info. We seem to be of similar minds and get into similar small companies a year (a few even) early. I like to follow what metals are forecasted to be in short supply but the wait can be very long. Same way with oil in the orange basin off of Namibia.
RANKED: World’s top ten biggest gold projects – 2023
Treaty Creek is ranked as the 10th in the world 2023 gold projects with 24.5 mozt
Posted By: Amanda Stutt February 28, 2023
Gold mining companies have been grabbing headlines this year with a flurry of merger and acquisition (M&A) activities. The biggest deals in the gold sector include the world’s largest gold producer, Newmont (TSX: NGT; NYSE: NEM), seeking to build a global gold superpower by approaching Australia’s Newcrest Mining (TSX: NCM; ASX: NCM) with a US$17 billion takeover offer. Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) outbid Gold Fields (TSX: GFI; NYSE: GFI) for Yamana Gold (TSX: YRI; NYSE: AUY) in a US$4.8-billion transaction.
More gold mergers and acquisitions may be likely this year, and the M&A drive offers a path forward from a decade-long gold rut, analysts say.
To provide a snapshot of the potential of the world’s gold supply, the latest Mining Intelligence top ten list ranks the world’s largest gold projects by resource size, measured in millions of troy ounces (mozt
https://www.northernminer.com/news/ranked-worlds-top-ten-biggest-gold-projects-2023%EF%BF%BC/1003852441/
Don't know about others on this board but I really appreciate your comments about PMs and also any comments about other base metals like Moly & Tungsten. Ever look at Fireweed they started as a Zn explorer and recently picked up a Mo explorer.
Thanks for explaining the process for the GXII stockholders. Is the final opt out/cash out date set?
Does anyone know when we will know how many of the GX shareholder are staying in the deal or backing out?
Well it is about time. I am not an expert on these type of deals so I will let others give opinions. But in general any forward movement is good.
From the 2/28/23 "The Rare Earth Observer "
Search Minerals to Seek New CEO
Search Minerals Inc. announces that Mr. Leo Power has been appointed to the position of interim President and Chief Executive Officer of the Company following the termination by the Company on a without cause basis of the employment agreement with former President and Chief Executive Officer, Greg Andrews.
The Company and Mr. Andrews are in discussions to effect the termination and ensure a smooth transition.
We had calculated in our post of June 29, 2022, that the Search Minerals PEA overestimates revenue by almost twice the market prices of June 2022. The thus adjusted revenue will not allow any return of investment.
Market prices have fallen since.
But Greg Andrews may rather have become a victim of a stubbornly falling stock price
Sorry I don't have a clue. Yes I would think there is great potential for a multi multi "X" with pancon.
chico: thanks for your comments, good to know.
Correction to the last paragraph of my post #90743 of 2/19/23 @5:38pm (I am sure not happy about iHub dropping the ability to go to specitic Post numbers)
Self-editing doesn't catch everything.
It reads:
"
I am also going to vote YES for Niocorp to acquire the GXII SPAC and am looking forward to having the stock trading on the NASDAQ.
Giving the following:
> The very high interest: by the free world’s interest in securing critical metals; having supply chains not be dependent on China; by the US government to support domestic sourcing.
> The fact that the Elk Creek project: will mine and PROCESS the ores into three critical metals, Niobium, Scandium, and Titanium on the site in Nebraska; has been identified as the second largest deposit of Rare Earth minerals in the United States; the ore body has not been fully explored and is open at depth and in two directions; is fully permitted to start construction with receipt of the necessary financing.
> The Demonstration Facility in Canada has shown, in a pilot plant mode, that NioCorp’s ore PROCESSING plant can produce individual magnetic rare earth compounds and high purity critical metals in forms that may be saleable as higher value specialty chemicals instead as commodity metals.
I think it would be helpful if the 2023 Feasability document includes some funding for:
> Core drilling to identify just how deep the ore body is.
> Core drilling to identify the horizontal limits and outline of the ore body.
> Core drilling to investigate the overall ore body.
This work, during the work to construct the mine and PROCESSING facility, will generate exciting (I hope!) information during the months it takes to build a mine and the stock often goes through a slump in investment interest.
> Additional core drilling with very large core size to investigate the specific pockets of higher value elements such as the Scandium and Rare Earths.
The large drill cores can be split into a number of parts, one part of the core can be retained in the core shed, another part sent for assay, and a part to the State for their collection, the balance sent to the Canadian pilot plant.
This balance will allow NioCorp to test and fine tune the processing steps for the various mixes of mineral concentrations in the ore prior to actually having to process them in large volumes coming up from the underground mine. The processing of this extra core material may also generate some revenue while the mine is being built.
This investigation process could cover the Rare Earth pockets discussed in the MD&A section of the 9/30/2013 quarterly report. In that report it reviewed, on Page 5, three anomalies:
Eastern 2 holes total 152.4 m 2.71 TREO%
Central 3 holes total 407.7 m 1.40 TREO%
Western 4 holes total 152.4 m 2.71 TREO%
Thanks for the link grunt23
Thank you for posting this link
American Creek's JV Partner Tudor Gold Provides Corporate Update on the Treaty Creek Joint Venture Project, Located in the Golden Triangle of British Columbia
Cardston, Alberta--(Newsfile Corp. - January 26, 2023) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to report that project operator and JV partner Tudor Gold has provided a corporate update on the joint venture Treaty Creek gold-copper project (the "Property") located in the heart of the prolific Golden Triangle Mining Region of Northwestern British Columbia.
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=82053b252d
I agree with all of your points.
Are we still waiting for the SEC to OK the Niocorp - GII deal before the shareholders get a chance to vote yea/nay?
Excellent posting chico. Thank you for searching this out and posting the key points.
Now that is a video that I would love to see.
Happy New Year to all.
Thanks for posting the comments.
Just got back from a Veterans Breakfast and fact checked my post and loo & behold I have egg on my face the:
" For simplicity we always used 2,000 for ease of mental calculations"
should have been:
For simplicity we always used 2,200 for ease of mental calculations"
Nice comments chico. We need to be a little careful when we are talking about the numbers produced, a ton is 2,000 pounds, a tonne is 1,000 kilograms they are not interchangeable. One tonne = 2,205 pounds .
I did a lot of international consulting in metal casting and keeping the numbers straight was always a special "fact checking" problem. The Americans (and sometimes the Brits) wanted/thought in tons and the rest of the world was used to tonnes and everyone used the same english term "tons". For simplicity we always used 2,000 for ease of mental calculations.