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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.
My condolences Chico.
WOW Thanks Scooter for taking the time to post this. I am thankful that I got an engineering degree and not a law degree. This certainly was not a "spur of the moment" type of courting dance. My thanks to, and a tip of my hat to the NioCorp team.
AFRICA OIL TO RELEASE THIRD QUARTER 2022 FINANCIAL RESULTS ON MONDAY, NOVEMBER 14, 2022
VANCOUVER, BC, Nov. 8, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") will publish its financial and operating results and related management's discussion and analysis for the three months ended September 30, 2022, after Toronto market close on Monday, November 14, 2022.
Senior management will hold a conference call to discuss the results on Tuesday, November 15, 2022 at 09:00 (ET) / 14:00 (GMT) / 15:00 (CET). The conference call may be accessed by dial in or via webcast.
Participants should use the following link to register for the live webcast:
https://onlinexperiences.com/Launch/QReg/ShowUUID=4A84DE51-3FE1-4372-AEF3-D443264C1A53Â;
Please note that for optimal viewing, it is best not to connect to a Virtual Private Network (VPN) but instead to connect directly to the Internet.
Participants can also join via telephone with the instructions available on the following link:
https://register.vevent.com/register/BI546559802eb54189b97a63f66553d054Â;
Please join the event conference 5 minutes prior to the start time. A recording of the webcast will be available on the Company's website after the event.
Nice article, thanks for posting
FIREWEED METALS CORP. is pleased to announce the results of the first metallurgical and ore-sorting test work from Boundary Zone, an emerging zinc discovery at Macmillan Pass, Yukon, Canada.
Vancouver, British Columbia: FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce the results of the first metallurgical and ore-sorting test work from Boundary Zone, an emerging zinc discovery at Macmillan Pass, Yukon, Canada.
Highlights
- Open circuit cleaner flotation tests show up to 97% zinc recovery.
- Zinc concentrates show high grades ranging from 53% to 63% zinc.
- A coarse grind size yields excellent recovery, with up to 99% in rougher tests.
- Three critical minerals are present in concentrates: zinc, germanium, and gallium.
- Selective use of ore sorting only on low-grade material shows promising results for potentially increasing feed grades, decreasing processing costs, and reducing tailings volumes whilst preserving the value in the abundant high-grade zones at Boundary.
CEO Statement
Brandon Macdonald, CEO, stated “The first metallurgical results from Boundary Main are back and show excellent results. The coarse nature of the sphalerite means that a relatively coarse grind size is all that is needed to produce a high-grade zinc concentrate with high recoveries. We have shown that Boundary Zone, like Tom and Jason, can produce high-quality zinc concentrates that we anticipate would be attractive to global markets. High concentrations of germanium and moderate concentrations of gallium in the zinc concentrates highlight the potential for recovery of these critical metals as by-products during the zinc smelting process. Even though we see by far the most potential economic value in the zinc, the addition of germanium and gallium to the mix brings the total of different critical metals present at Boundary Zone to three. This elevates the potential of the Macmillan Pass project to be one of Canada’s leading critical minerals projects.”
Plain Language Summary
Preliminary test work has been carried out on samples from Fireweed’s new zinc discovery at Boundary Zone at the Macmillan Pass project, Yukon. These tests provide an initial impression of how the zinc- and lead-bearing rocks may respond to crushing, grinding, and processing to produce zinc and lead concentrates. The test results are very promising: the rocks have a moderate to moderately high hardness; a reasonably coarse grind size is sufficient to liberate zinc and lead minerals; and high-grade zinc concentrates can be produced from most of the material tested from Boundary Zone with only small amounts of zinc loss during processing.
Lead is only a minor component of the mineralization at Boundary Zone and only samples with appreciable amounts of lead were metallurgically tested with a dedicated lead circuit. Lead test work results were variable and generally poorer than for zinc. With the relatively low lead content of Boundary Zone shown to date, this likely limits the overall economic importance of lead. Likewise, there is limited silver in much of Boundary Zone Main, and the samples showed low silver grades.
This metallurgical testing showed variable results for the limited silver in the material tested, however silver has never been of material economic importance in this zone. Ore sorting is a process where mined material is scanned for various properties, including density and metal concentration, and then sorted to remove waste before milling.
The test work results showed that the low-grade material that surrounds the higher grade zones at Boundary Main has properties which make it suitable for ore sorting, and there exists an exciting possibility of deploying this technology to reduce costs and improve economics at the project. Higher grade zones would likely not be sorted to prevent any losses of the higher-value material during the sorting process. The test work is preliminary in nature, and further testing is required to more accurately predict the behaviour of Boundary Zone material during processing. However, the results suggest metallurgical performance for zinc could be excellent and should not be an impediment in demonstrating reasonable prospects for eventual economic extraction.
Read more at:
https://fireweedmetals.com/news/fireweed-announces-positive-metallurgy-from-boundary-zone-macmillan-pass/
American Creek Intersects Strong Gold-Copper Porphyry Mineralization Returning 1.82 g/t AuEQ over 114.0 M Within 592.5 M of 1.16 g/t AuEQ in Northernmost Step-Out Section of the Goldstorm Deposit, at Joint Ventured Treaty Creek
Cardston, Alberta--(Newsfile Corp. - November 1, 2022) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) ("the Corporation" or "American Creek") is pleased to present the eighth set of drill results for the 2022 exploration program (the "Program") from operator Tudor Gold at their flagship Treaty Creek property, located in the heart of the Golden Triangle of Northwestern British Columbia.
Ken Konkin, Tudor Gold President and CEO, comments: "Our entire team is very pleased to see the continued success of the exploration program in the northern-most limits of the Goldstorm Deposit within domain CS600. We continue to intersect pulses of very strong gold and copper mineralization with 1.82 g/t AuEQ (1.04 g/t Au, 5.17 g/t Ag and 0.61% Cu) over a 114-metre (m) intercept. Precious and base metal values were equally impressive over double this same intercept averaging 1.50 g/t AuEQ over 235.5 m in hole GS-22-158 and values were comparable to the hole above this, GS-22-151-W1 with 1.27 G/T AuEQ over 300 m (October 4, 2022 PR). GS-22-158 successfully undercut GS-22-151-W1 by approximately 100-150 m and ended in strong copper-gold mineralization as did GS-22-151-W1. In-fill drilling successfully added confidence with our resource model as GS-22-156 intersected 1.0 g/t AuEQ over 294 m within the 300H domain. This intercept was punctuated by a high-grade gold intercept of 28.7 g/t Au and 16.2 g/t Ag (28.9 AuEQ) over 1.5 m near the bottom of the composite.
In addition to increasing our deposit foot-print northwards, we were also successful in expanding mineralization to the southwest with a 100 m step-out drill hole CB-22-01 which intersected significant near-surface gold values over 168 m that averaged 0.68 g/t AuEQ. This hole was drilled well outside the area of the 2021 initial resource model for the Goldstorm Deposit demonstrating that mineralization remains open in all directions and to depth. Crews will be wrapping up the exploration program this week and will be collecting several new composites for metallurgical tests with samples for petrographic and ore microscopy studies from our Stewart-based core facility. Our drills have been de-mobilized and both upper and lower camps have been shut down. We have several drill holes awaiting results from the lab and we will announce these results shortly after we receive them."
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=948074725d
For those who are wondering if the full ore body might possibly add to the life and EBITDA of the project. IMHO the 640 acres of the ore body outside of the "green blob" that is included in current FS is probably generally homogeneous, although the grades may fall off near the edges. Like all ore bodies there will be pockets with higher or lower grades of Nb or Sc or Ti or REEs.
I have no opinion about at depth, but since it is highly magnetic (I think it was mentioned as more magnetic than our "green blob") there are probably saleable minerals down there, how deep who knows. It might be worthwhile (financially) to drill a few really deep holes while the shaft is being sunk.
I have reached another milestone in life and we are moving, time to sort through/save/throw out/shred and came across my print out of post # 79612 (04/23/2022) that referred to my post # 75309 (10/05/21) which referred to the 09/30/13 NioCorp MD&A
[[ FYI On re-reading the MD&A (26 pages) is see "... that It is important to note that REO as
reported here refers to rare earth oxide and in this case refers only to the sum of lanthanum, cerium and neodymium oxides only. Results for the other rare earths are not available."
]]
Enjoy
AFRICA OIL ANNOUNCES RESULTS OF SHARE BUYBACK PROGRAM
News Release Issued: Oct 31, 2022 (2:00am EDT)
VANCOUVER, BC, Oct. 31, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of 2,084,350 Africa Oil common shares during the period of October 24, 2022 to October 28, 2022 under the previously announced share buyback program.
Thanks MM. Found it (all 89 pages of a PDF) by including the author name in my searching.
Hi MM
"https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1063&context=geoscidiss "
"https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1063&context=geoscidiss"
"https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1063&context=geoscidis"
The above didn't work for me but the last one came up with an error message:
Interesting, thanks CritM3 for posting
Ebenezer3 thank you for posting the link.
Thanks for posting
AO for me you are correct, it is a small proportion of my Niocorp holdings
Mine at $0.32 went through at 12:20 10/26 on TD Ameritrade.
NioCorp Demonstration Plant Achieves Key Phase 1 Milestone
Successful production of high-purity calcium and magnesium carbonates from Elk Creek ore points to potential efficiency gains in NioCorp’s processing flow sheet as well as possible new commercial products for the Project, once sufficient project financing is obtained to allow the Project to proceed
CENTENNIAL, Colo., October 25, 2022 — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) today announced that its demonstration-scale processing plant (the “demonstration plant”) in Quebec, Canada has now completed demonstrating its planned process for removing calcium and magnesium from ore obtained from the Elk Creek Critical Minerals Project (the “Project”).
This positive result, which is part of Phase I operations of the demonstration plant, is a key milestone in NioCorp’s proposed optimization of its process flow sheet for the Project, which was designed by L3 Process Innovation (“L3”) and NioCorp.
The well-known and time-tested process NioCorp is employing to remove calcium and magnesium carbonates from the ore using thermal treatment and leaching is part of the demonstration plant’s Phase I flowsheet. This step has operated successfully, and the removed calcium and magnesium were produced at demonstration scale as a mixed calcium and magnesium carbonate. Removing carbonate minerals in this fashion is expected to reduce the size of the follow-on planned production steps and make them more efficient.
Read more at:
https://mailchi.mp/niocorp.com/niocorp-demonstration-plant-achieves-key-phase-1-milestone?e=a994b680bf
Thanks MM for addressing that again.
Hi MM There has been some recent posts about how the GXIIW warrents may be handled and valued. Any chance you could update your "My response to the merger:" section of your post #85183 if there is any change in your thinking? Thanks
Thanks MM. Your post is very helpful.
Hi walterc. I always look forward to your comments about NioCorp and will also look forward to your writeup on Excelsior Mining.
Thanks for posting the update/progress report.
Re your post #84933