Other Mining Stocks

easymillion · January 3, 2018, 3:56pm

Although there is no agreement with McEwen Mining, or any other service provider, for the processing of future bulk samples it would make sense that the existing relationship may continue in the future.

What I found enlightening in the Inventus news release is:

Inventus discussed the possible application of advanced ore sorting techniques, and demonstrated in a scoping level study, the encouraging potential to sort gold bearing matrix from the un-mineralized clasts. We plan to continue evaluating the use of ore sorting as a means of efficiently processing larger bulk samples.

I see this type of pre-sorting or concentrating of the PM bearing matrix from the un-mineralized clasts as becoming an industry standard technique for mines that must ship ore to a refinery. I’d like to hear what AURYN has decided to use in economizing costs before shipping ore to ENAMI. As already noted by DOC (brecciaboy) in speaking about the ore from the Caren vein:

“At the Las Vegas “informational meeting”, Maurizio noted that our ore was amenable to a gravimetric concentrator (Sepro/Falcon) that was able to increase the ore headgrade by a factor of 100-to-1.”

I expect AURYN will not be shipping large quantities of raw ore to ENAMI as shown in the first few test shipments sent early in the exploration of adit 3. Will a gravimetric concentrator such as the Sepro/Falcon or a newer type of equipment such as a Transmissive X-Ray (“XRT”) Ore-Sorter be used?

AURYN receives liquidation from first test shipment
On January 13, 2017, AURYN received a liquidation from ENAMI for its first test shipment. ENAMI received the shipment of approximately 12.4 tons of ore on December 26, 2016. The ore returned grades of 11.5 gpt of gold, 31 gpt of silver, and 1.62% copper.
Four additional truckloads containing 63.6 tons of ore from the same section of the vein were sent to ENAMI for processing. The last one was sent on January 9th, 2017 closing out that order. We expect the results will be similar to the first shipment.
ADL Project Update - January 2017 | AURYN Mining Corporation

Hurricane_Rick · January 3, 2018, 4:25pm

The thing is that this bulk sample wasn’t taken from their 007 zone which had the best grades (36.5 g/t over 31 meters) thus far on Pardo. It was taken from a boulder conglomerate that averaged just 1.34 g/t over 2.54m, though that was measured with shallow drilling which does not provide reliable grades for paleoplacer deposits.

easymillion · January 3, 2018, 5:45pm

As HR points out, the 1000 ton bulk sample is a very small low-grade bulk sample. This “run-of-mine material was transported by truck to McEwen Mining’s Black Fox Mill (the “BFM”) near Timmins, Ontario.” This material as described does not appear to be pre-sorted concentrate. As previously reported in an April news release Inventus is looking at pre-sorting material:

Inventus Provides Report On Positive Technical Developments: Ore Sorting and Bulk Sampling

Ore Sorting – Very Effective in First Trial
A scoping study to determine the amenability of Pardo conglomerate material to advanced sensor-based ore sorting technologies was conducted by Sacré-Davey Engineering, North Vancouver, BC. Inventus provided 100 rock hand samples selected from the 007, Trench 1 and Eastern Reef Zones. Rocks were divided into four categories visually according to their expected gold grade: 25% high grade (>30 gpt gold), 25% medium grade (2-20 gpt gold), 25% low grade (0.1-2 gpt gold), and 25% were expected to have no gold. The average gold assay grade of the samples in the study (including barren samples) was 11.31 gpt and the highest-grade sample was 186.5 gpt.
Results of their simulations suggest that 91% of the contained gold could be sorted into only 35% of the original mass (i.e. 35% mass pull) using the best algorithm generated for this exercise. The average simulated gold grade of the product is 29.37 gpt vs. 11.31 gpt for the feed, or an upgrade ratio of 160%. Summary results for the best XRF algorithm are as follows:

… These results are very encouraging and suggest that it is possible to sort away the majority of the unmineralized material that would otherwise dilute the grade of material being processed. These results, although promising, are preliminary in nature and need to be further verified with much larger samples.
https://static1.squarespace.com/static/56d987d21bbee076a4c0be7f/t/58e4f869ff7c50aacfa58be7/1491400809532/IVS+Studies+Update+FINAL.pdf

Again, read the entire news release if interested.

bytal · January 3, 2018, 6:03pm

Glad it worked out for you Easy. I also took a starter position, and have since added quite a bit at .33 which is also looking quite nice right now.

easymillion · January 4, 2018, 5:00pm

I like the news from Sandstorm and have finally seen my position turn positive today . I think it is a long-term investment. There are many things to like in today’s PR. I selected 3 that I particularly like. Read the entire PR if interested.

SANDSTORM GOLD ANNOUNCES RECORD PRODUCTION, COMPLETES SALE OF US$18 MILLION OF EQUINOX SECURITIES AND PROVIDES ASSET UPDATES

Vancouver, British Columbia | January 3, 2018
SANDSTORM SELLS RECORD NUMBER OF GOLD EQUIVALENT OUNCES IN 2017

During the 2017 year, Sandstorm sold approximately 54,600 attributable gold equivalent ounces1 (FY 2016 – 49,731 ounces), the highest yearly total in Company history. The attributable gold equivalent ounces were generated from 20 streams and royalties, with approximately 80% of the ounces coming from operations run by major and mid-tier mining companies.

DEVELOPMENT CONTINUES AT HOT MADEN

Lidya Madencilik San. ve Tic. A.?. (“Lidya Madencilik”) is continuing to advance the Hot Maden project located in northeast Turkey. Recent work has included mine design, metallurgical test work, geotechnical analysis, environmental studies and exploration drilling. This work is culminating in a Pre-Feasibility study which is on track to be released in the first half of 2018.

Approximately 25,000 metres of infill and exploration drilling has been completed at Hot Maden during 2017. Recent drill highlights include:

HTD-157: 28.0 metres of 47.5 g/t gold and 1.65% copper from 287.0 metres including,
7.0 metres of 97.6 g/t gold and 3.86% copper from 308.0 metres;
HTD-159: 3.5 metres of 32.3 g/t gold and 0.87% copper from 165.5 metres and 4.0 metres of 7.4 g/t gold and 1.74% copper from 210.0 metres.
For QA/QC information see the appendix of this news release. Sandstorm has a 30% profits interest and a 2% NSR royalty on the Hot Maden project.

MCEWEN ANNOUNCES TIMMINS EXPLORATION PROGRAM

McEwen Mining Inc. (“McEwen”) announced a strategic financing of US$10 million to accelerate exploration at their properties near Timmins, Ontario, with a focus on the Black Fox property. Deep exploration drilling below the bottom of the known mineralization at Black Fox is a high priority and a program of deep directional exploration drilling from surface is underway. Black Fox currently hosts resources to a depth of 880 metres.

Another important target on the Black Fox property is the area around the Froome deposit, located 800 metres to the west of the Black Fox mine. An additional exploration program has been proposed to test the geologic structure to the northwest and southeast of the mine.

For more information, visit the McEwen website at www.mcewenmining.com and see the press release dated December 1, 2017.

Sandstorm has a gold stream agreement to purchase 8% of the gold produced from Black Fox at an ongoing cost of US$531 per ounce.
http://sandstormgold.com/news/release/index.php?content_id=560

TheRod · January 12, 2018, 5:14pm

Barkerville Gold Mines Ltd. - 2017 Corporate Update and 2018 Objectives

Gold Project Brownfield Exploration Barkerville’s 2017 Exploration program was focused on its flagship Cariboo Gold Project located within Central British Columbia. The company completed a 157,000 meter drilling campaign focused on resource delineation and expansion drilling on Cow and Island Mountain, with the majority focused on the Valley Zone and Shaft Zone. Significant high-grade intercepts confirmed the mineralization model, grade continuity, and geometries.
Some significant recent drill intercepts are as follows: 72.23g/t over 12.05m, 53.26g/t over 11.55m, 18.84g/t over 30.85, 14.69 g/t over 28.5m, and 20.53 g/t over 11.6m.

Barkerville was able to identify and wire frame 145 vein corridors which will be the base for the resource estimate in 2018.Greenfield Exploration Barkerville’s greenfield exploration team was tasked with developing targets to the
southeast of the central project area along the 67 kilometers of strike
within the company’s Cariboo Gold Project.

Systematic, scientific exploration was able to identify 130 new targets through detailed mapping, soil, and rock sampling. Eleven of these are now at the drill
ready stage.

Operations (Bonanza Ledge) Portal and underground development began in the second semester of 2017 at the Bonanza Ledge mine. Barkerville completed 470 meters of underground development in 2017. Approximately 7000 tonnes of both low and high-grade development material was processed at the company’s 100% owned QR mill for commissioning and training purposes.

The Mill will be restarted in March 2018 when a sufficient stockpile is on site at QR. 2018 Objectives In 2018 the company is planning to undertake several actions which are anticipated to be substantial catalysts for Barkerville.

We plan to publish an initial resource for Cow Mountain, Island Mountain and Valley Zones as well as an update for Barkerville Mountain,. Barkerville will
initiate drill testing of regional targets to confirm the mineralization
model and district scale upside.

Bonanza Ledge anticipates finishing development in Q1 with stope production to follow. The company will also start its underground access, permit depending, in order to explore for increased underground resources at Cow and Island Mountain targets. This should reduce future drilling cost and improve our understanding of the mineralization. This underground access will also allow for trial stoping and bulk sampling that will supply valuable data related to rock
mechanics, dilution, operating costs and processing.

TheRod · January 12, 2018, 5:17pm

Barkerville drills 5.55 m of 29.2 g/t Au at Cariboo

	2018-01-09 07:32 ET - News Release
	

	 Mr. Chris Lodder reportsBGM INTERSECTS 29.20 G/T AU OVER 5.55 METRES AT SHAFT ZONEBarkerville

Gold Mines Ltd. has released additional drilling results from the 2017
phase 2 Island Mountain exploration and infill drilling program at the
company’s flagship Cariboo gold project. The company is currently
exploring and delineating the Shaft zone with five drill rigs. Detailed
drilling results, a drill hole location plan map and vertical sections
are presented on the company’s website. The exact geometry and hence
true width of the mineralized zones cannot be assuredly concluded at
this time therefore core lengths are reported.
Drilling highlights:

IM-17-196: 16.38 grams per tonne gold over 5.80 metres;

** IM-17-198: 5.20 g/t Au over 6.25 metres;**

** IM-17-202: 29.20 g/t Au over 5.55 metres;**

** IM-17-205: 8.21 g/t Au over 4.85 metres.**

Continued expansion of vein corridors

The company is pleased to report mineralization expansion from
the continuing drilling at Shaft zone. Phase 2 drill hole IM-17-196
intersected 16.38 g/t Au over 5.80 metres at a vertical depth 380 metres
below surface. This new intersection is open along strike to the
northeast. Previously reported hole IM-17-146 is located 35 metres to
the southwest and averaged 17.45 g/t Au over 8.60 metres. Farther uphole
at a vertical depth of 175 metres, IM-17-196 also intersected 6.63 g/t
Au over 4.40 metres and correlates with previously reported hole
IM-17-115 that graded 10.14 g/t Au over 4.00 metres.
On the northwestern extents of the Shaft zone, drill hole
IM-17-202 intersected a well-mineralized vein zone grading 29.20 g/t Au
over 5.55 metres at a vertical depth of 85 metres from surface. Drilling
in this area is sparse and the closest intersection is previously
reported drill hole IM-17-030, 135 metres downdip and assayed 9.35 g/t
Au over 1.00 metre. This new intersection warrants additional drilling
is in this area.

belmont134 · January 12, 2018, 6:49pm

Thanks for these discussions. I picked up a starter position with Barkerville mining a while back. I don’t have the time to constantly be scanning for these opportunities, so all the DD here helps.

cornhuskergold · January 13, 2018, 12:15am

The USD index is at a critical downtrend juncture (top). Lowest level since 2014.

Correspondingly, oil continues creeping up (bottom) and looks either to bounce down or break out to the upside.

Gold continues a nice rise in $$$ and is near all time highs in several other currencies.

Copper led the way up but has been pausing for a while. Additional comments on copper in the next post.

All this has caused lots of watchful eyes be on the lookout for official CPI inflation. But not much yet. The oil price is starting to show up at the pump though.

Ktown · January 13, 2018, 6:42pm

Hey Corn… thanks for the breakdown! Johnny~

easymillion · January 15, 2018, 3:48am

As of tonight (1/14/18) spot gold price ($1341.66) is continuing uptrend.
Over the next few weeks CME ($1334.90 on 1/12/18) should prove quite interesting to follow.

TDK · January 15, 2018, 3:54am

Maybe Auyrn waiting for 1400 or 1500 to light a fuse. My PM find is making me feel better vs the MDMN downer and disaster.

TDK

Elrac · January 15, 2018, 4:11am

I was kinda hoping gold would hold off, trying to get somemore cheap mining shares!

easymillion · January 16, 2018, 7:28pm

Excerpts from news release:

McEwen Mining Reports 2017 Full Year and Q4 Production Results

TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) – McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports annual consolidated production in 2017 was 109,947 gold ounces and 3,178,742 silver ounces, or 152,329 gold equivalent ounces(1), at a gold to silver ratio of 75:1.

Q4 2017 Highlights

El Gallo achieved production of 19,893 gold equivalent ounces in Q4, successfully recuperating lost production due to equipment failure in July.
Black Fox had a good first quarter after the transition to MUX ownership, producing 14,279 gold equivalent ounces.
Funding for a $10 million exploration program in the Timmins region, focusing on the Black Fox Complex.

ABOUT MCEWEN MINING

McEwen has the goal to qualify for inclusion in the S&P 500 Index by creating a profitable gold and silver producer focused in the Americas. McEwen’s principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest), the El Gallo Gold mine and El Gallo Silver project in Mexico, the Black Fox mine in Timmins, Canada, the Gold Bar future mine in Nevada, and the Los Azules copper project in Argentina.

McEwen has a total of 337 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 24% of McEwen.
https://globenewswire.com/news-release/2018/01/15/1289184/0/en/McEwen-Mining-Reports-2017-Full-Year-and-Q4-Production-Results.html

easymillion · January 16, 2018, 7:43pm

From earlier in the year:

Anyone else in Silver Streamers?

I like and have a position in SSRM mining company (formerly Standard Silver) that diversified with an accompanying name change a while back.
Excerpts from news release:

SSR Mining Reports Fourth Quarter and Year-End 2017 Production Results and 2018 Guidance

VANCOUVER, Jan. 15, 2018 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) reports fourth quarter and year-end 2017 operating results. Additionally, we are providing 2018 guidance.

Fourth Quarter and 2017 Operating Highlights

Achieved total production guidance: Produced over 370,000 gold equivalent ounces in 2017, meeting or exceeding initial guidance for a sixth consecutive year. Delivered attributable gold equivalent production of over 358,000 ounces in 2017 and over 88,000 ounces in the fourth quarter, 14% higher than the third quarter of 2017.

Achieved gold production guidance at Marigold: Quarterly gold production of 52,768 ounces, 36% higher than the third quarter of 2017, resulted in annual production of 202,240 ounces of gold in 2017.

Record quarterly production at Seabee: Achieved record mill throughput of 89,237 tonnes or 970 tonnes per day during the fourth quarter, which combined with higher milled grades and improved recovery resulted in record quarterly gold production of 24,227 ounces.

Delivered record annual gold production at Seabee: The mine achieved the highest annual production in its 27-year history, producing 83,998 ounces of gold in 2017, at the upper end of the upwardly revised annual guidance.

Exceeded annual production guidance at Puna Operations: Exceeded the upper end of the upwardly revised annual production guidance with a total of 6.2 million ounces of silver. Continued excellent performance of stockpile processing resulted in silver production of 1.2 million ounces in the fourth quarter.

Paul Benson, President and CEO said, “A strong fourth quarter at all three operations resulted in annual production of over 370,000 gold equivalent ounces. This marks the sixth consecutive year that we have met or exceeded our production guidance. All three operations performed well, particularly Puna Operations which exceeded the top end of its improved production guidance. These results are driven by our teams and their continued focus on Operational Excellence to optimize our operations. In the year ahead, we are positioning the company to grow production as Seabee ramps up and the Chinchillas deposit comes on-line in Argentina. Importantly, our exceptionally strong balance sheet enables us to increase our investment in brownfields exploration at both Marigold and Seabee.”
SSR Mining Reports Fourth Quarter and Year-End 2017 Production Results and 2018 Guidance

Elrac · January 19, 2018, 7:28pm

Inventus Mining Engages STEINERT and WSP

TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) – Inventus Mining Corp. (TSX VENTURE:IVS) (“Inventus” or the “Company”) is pleased to announce that it has engaged STEINERT and WSP to help advance the Pardo project to the next phase of development.

“On the heels of a very positive result from our recently completed 1,000 tonne bulk sample at Pardo, we are moving ahead with engineering studies to build on our technical knowledge and test real-world mining equipment in preparation for the next phase of development, which will involve larger scale trial mining,” said Stefan Spears, Chairman and CEO.

STEINERT is a global leader in sorting and separation solutions for the mining industry. The firm has over 125 years of experience, and excels at providing customers with technologically advanced sorting solutions. STEINERT will be evaluating the performance of their state-of-the-art multi-sensor ore sorting machine on material from the Pardo project. The demonstration machine used for testing is located in Kentucky, but similar units may soon be accessible much closer to the project in Sudbury and Timmins. www.steinertglobal.com

WSP is a global engineering firm based in Montral, with over 700 mining specialists worldwide. They offer the mining companies comprehensive solutions at every stage of a mining project development or implementation. WSP will be updating the NI 43-101 Technical Report for the Pardo project (the prior report was prepared for Inventus (Ginguro) by WSP in March 2015). www.wsp-pb.com/en/WSP-Canada/