Wednesday, 21 February 2018

International Lithium: Upper Canada Lithium Pool - Partners Optimistic Over Mavis Lake Lithium.


“We have successfully activated all of our joint venture operations on the three continents in Argentina, Ireland and Canada. Our partners include global industry leaders, Jiangxi Ganfeng Lithium Co. Ltd. of China and Pioneer Resources Limited of Australia,” commented Kirill Klip, Executive Chairman of ILC. “Now our turn-around at ILC is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.” Read full NR.

International Lithium Reports Drilling Underway At Mavis Lithium Project, Ontario, Canada.




"We have successfully activated International Lithium's operations with our JV partners on three continents all around the globe." - commented Kirill Klip, Executive Chairman of ILC.




“We are very pleased to activate our further exploration program at Mavis Lake with Pioneer Resources, in Ontario, Canada,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites, especially at the newly expanded Fairservice target area.”





Ganfeng Lithium Comes To Europe: International Lithium Reports $1 Million Budget For The Avalonia Lithium JV, Ireland.




“We are very pleased to activate our further exploration program in Europe at the Avalonia JV in Ireland, with Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites.  In addition, our enhanced understanding of the mineral zonation will assist us in targeting not only the Aclare and Moylisha prospects but the entire belt.”






International Lithium And Ganfeng Lithium Approve $17M Budget For Mariana JV, Argentina.






“We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “This comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.”




LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.


Mining Journal:

Partners Optimistic Over Mavis Lake Lithium.




"Joint venture partners International Lithium (CN:ILC) and Pioneer Resources (AU:PIO) say a nine-hole drilling programme at the Mavis Lake lithium project in Ontario has “greatly enhanced” its prospectivity.

They said seven of the nine holes intersected significant mineralisation, including 68.3m of spodumene-pegmatite from 82.7m. 
Drill core has been sent for analysis and Pioneer managing director David Crook said the results were expected in March.
"At this time the joint venture will further update the market and describe plans for future drilling, as at this stage mineralisation has not been closed off," he said.
Australian-based Pioneer funded the nine-hole programme as part of its earn-in to Mavis Lake. It is also earning into the second (Raleigh) of ILC's three pegmatite projects in Canada.
Pioneer had A$5.44 million (US$4.3 million) in cash at the end of December and is also exploring its lithium, gold, nickel and cobalt projects in Western Australia.
ILC last month approved a US$17 million budget with majority partner Jiangxi Ganfeng Lithium for continued work at the pair's Mariana lithium brine project in Argentina.
ILC and Ganfeng also recently approved a C$1 million (US$0.8 million) budget for work at their Avalonia lithium pegmatite joint venture in Ireland."
Please Note that International Lithium Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.

TNR Gold Shotgun Gold Project: Gold In Alaskan Elephant Country - NovaGold And Barrick Hit 130.5m At 5.93g/t Gold.




This major Gold discovery in Alaska by NovaGold and Barrick Gold will not only put Alaska back on the radar screens of gold bugs and investors but can bring the long-expected turn around for the whole sector of gold mining and exploration companies.


Mining News:

TNR looking to JV Shotgun gold property

"TNR Gold Corp. Feb. 2 said it is seeking a major gold mining company to become a joint venture partner on its Shotgun gold project in Alaska. 
Located about 110 miles of Donlin Gold and about the same distance northeast of Pebble, this property lies at the intersection of two trends known to host big deposits. 
TNR optioned Shotgun from Novagold Resources Inc. in 2002 and gained full ownership of..."








Gold In Alaskan Elephant Country: TNR Gold Shotgun Gold Project, Alaska.


Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt, which is included in the prolific Tintina Gold Province.

One of the founders of NovaGold Greg Johnson is on the Board of TNR Gold. We are working on attracting one of the major gold mining companies as our partner to develop Shotgun Gold.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.


Shotgun Gold


Property Geology

Mineralization described on the Shotgun Gold project shares several key similarities both in timing and style of mineralization with that of the Donlin Gold project as well as other reduced intrusion-related gold systems within the Kuskokwim Gold Belt, which is included in the prolific Tintina Gold Province.

One of the founders of NovaGold Greg Johnson is on the Board of TNR Gold. We are working on attracting one of the major gold mining companies as our partner to develop Shotgun Gold.






Mineral Resources

TNR commissioned GeoVector Management Inc. (“GeoVetor”) to produce a resource estimate on the Property in 2013. Geovector reported an Inferred Resource of 20,734,313 tonnes at 1.06 grams per tonne (“g/t”) gold for a total of 705,960 ounces gold (“Au”) using a 0.5 g/t Au cut-off grade (news release issued on April 22nd, 2013 and filed on SEDAR).

The main target at Shotgun is an intrusion-related gold system within the western extent of the Tintina gold province, Alaska.

We are looking for a strategic partner to advance this project. Alaska is back to business now, projects are moving forward and gold price above $1,300 will make our phone red-hot again.  There is already a substantial interest from financial institutions to Shogun Gold project.

Our new presentations are published on all our projects and you can find them on TNR Gold website.






TNR Gold CEO On Building A Green Energy Metals Royalty Company.




LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



I will start with three very important numbers: 


Copper demand for Electric Cars should accelerate 9 fold from 185,000 metric tons today to an estimated 1.74 million tonnes in 2027.

$127 million dollars is the undiscounted cash flow of Royalty, which can be paid potentially to TNR Gold over 36 years of Life of Mine at Los Azules Copper project in Argentina which is operated by the legendary Rob McEwen.

TNR Gold is plugged-In into Energy rEVolution. Everything started with my investment in Royal Gold - gold Royalty company, I was buying it at $5 when gold was at 300 and was very happy selling it a few years later above $70. I would like to do the same in the energy space now with Green Energy Metals: Lithium and CopperRead more.


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.



Mining Journal:

NovaGold And Barrick Hit 130.5m At 5.93g/t Gold.






Joint venture partners NovaGold Resources (CN: NG) and Barrick Gold (CN: ABX) have reported a suite of stunning intercepts, including 130.5m at 5.93g/t gold, at the Donlin gold project in Alaska.
"We can say with conviction that these are some of the finest intercepts any gold company has produced recently - and in any jurisdiction," NovaGold president and CEO Greg Lang said.
Other highlights from the 2017 drilling programme included 39m at 9.34g/t from 342m, 64m at 5.09g/t from 547m and 30.4m at 10.3g/t from 208.6m.
The project already has a 39 million ounce resource at a grade of 2.2g/t but comes with a hefty development price tag of US$6.7 billion, according to a 2011 updated feasibility study. 
Barrick president Kelvin Dushnisky said the drilling results were further evidence of the deposit's potential and the company looked forward to collaborating closely with NovaGold to advance the project.
Lang said they were encouraged by the high-grade intercepts within the reserve pits and beyond the planned pit boundaries.
"As we look to complete the federal permitting process and advance optimisation work during 2018, we are encouraged by the opportunity for NovaGold and Barrick to develop the Donlin Gold project in a fiscally-disciplined manner, and to build a mine of truly generational significance," he said.
The company said Donlin's attributes converged at a time when "no large discoveries have been made in years, average grades continue to fall and resource nationalism is rising to levels that threaten the existence of projects where the rule of law is a novelty".
NovaGold said in January that with $84 million in cash and term deposits at the end of November, it had sufficient funds to complete permitting and optimisation and Donlin and meet its other financial obligations.
Shares in NovaGold lost about 2.5% yesterday and Barrick closed down 1.8% as the gold price also softened."
Please Note that TNR Gold Qualified Person - as it is defined by NI 43-101, was NOT able to Verify and Confirm Any Provided Information by The Third Parties in the Articles, News Releases or on the Links embedded in this post; you must NOT rely in any sense on any of this information in order to make any Resource or Value Calculation, or attribute any particular Value or Price Target to any Discussed Securities.

Monday, 19 February 2018

International Lithium Announces Completion Of Successful Drill Program At Mavis Lake Lithium Project.



“We have successfully activated all of our joint venture operations on the three continents in Argentina, Ireland and Canada. Our partners include global industry leaders, Jiangxi Ganfeng Lithium Co. Ltd. of China and Pioneer Resources Limited of Australia,” commented Kirill Klip, Executive Chairman of ILC. “Now our turn-around at ILC is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.” 

International Lithium Reports Drilling Underway At Mavis Lithium Project, Ontario, Canada.




"We have successfully activated International Lithium's operations with our JV partners on three continents all around the globe." - commented Kirill Klip, Executive Chairman of ILC.




“We are very pleased to activate our further exploration program at Mavis Lake with Pioneer Resources, in Ontario, Canada,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites, especially at the newly expanded Fairservice target area.”





Ganfeng Lithium Comes To Europe: International Lithium Reports $1 Million Budget For The Avalonia Lithium JV, Ireland.




“We are very pleased to activate our further exploration program in Europe at the Avalonia JV in Ireland, with Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “The previous drill program has demonstrated our ability to successfully target lithium pegmatites.  In addition, our enhanced understanding of the mineral zonation will assist us in targeting not only the Aclare and Moylisha prospects but the entire belt.”






International Lithium And Ganfeng Lithium Approve $17M Budget For Mariana JV, Argentina.






“We welcome very positive developments at the Mariana JV with our partner Ganfeng Lithium,” commented Kirill Klip, Executive Chairman of ILC. “This comprehensive budget for 2018 is expected to bring the Mariana JV to important valuation milestones for the Company; preliminary economic assessment and pre-feasibility studies. We are looking forward to the confirmation that membrane technology provided by Ganfeng Lithium will allow our joint venture operation to produce lithium hydroxide in Argentina.”




LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.



International Lithium:

International Lithium Announces Completion of Successful Drill Program at Mavis Lake Lithium Project

Vancouver, B.C. February 19, 2018: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC), in conjunction with its joint venture partner Pioneer Resources Limited (“Pioneer”), is pleased to announce the completion of the drilling program at the Mavis Lake Lithium Project in the province of Ontario, Canada (Company news release January 23, 2018).

The program, targeting the Fairservice Pegmatite 6 Prospect, consisted of nine diamond core holes for a total of 1,591 metres, and delivered multiple intersections of spodumene-bearing pegmatite. Core has been cut and samples sent for laboratory analysis. Results are expected to be available next month.

As reported in Pioneer’s news release of today, details of the current program’s drill hole locations are provided in the following table.
Mavis Lake Lithium Project – Drill Results
Hole IDEastingNorthingElevationAzi:DipDepth
MF18-515243875518072420175.0-75.0179.0
MF18-525243905518074420110.0-61.0177.0
MF18-535243875518074420226.0-72.0185.0
MF18-545244865518089438206.0-53.0161.0
MF18-555244865518089438166.0-65.0170.0
MF18-565244865518089438142.0-67.0170.0
MF18-575243875518104418218.0-54.0188.0
MF18-585243895518041420260.0-72.0179.0
MF18-595243895518041420265.0-52.0182.0
Drilling at the Mavis Lake Lithium Project was designed to test for extensions to spodumene-bearing pegmatites intersected at the Pegmatite 6 Prospect in the 2017 drilling season. The 2018 drilling program has been highly successful in its objective by confirming mineralization along strike of the mineralization previously encountered at the Pegmatite 6 area.
Afzaal Pirzada, P.Geo., a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
“We have successfully activated all of our joint venture operations on the three continents in Argentina, Ireland and Canada. Our partners include global industry leaders, Jiangxi Ganfeng Lithium Co. Ltd. of China and Pioneer Resources Limited of Australia,” commented Kirill Klip, Executive Chairman of ILC. “Now our turn-around at ILC is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.” 
Private Placement Update
The Company announces a closing extension of the previously announced non-brokered private placement (see Company news release December 29, 2017) of up to 5,000,000 units (the “Units”) at $0.20 per Unit to raise proceeds of up to $1,000,000. The first tranche of $450,000 was closed in January and the Company expects the close the remaining private placement on or before March 6, 2018.
The proceeds of the private placement will be used for general working capital purposes.  All private placement securities will be restricted from trading for a period of four months plus one day from the date of closing.

The Mavis Lake Project is situated 19 kilometres east of the town of Dryden, Ontario.  The Project is ideally situated in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
The current drill program is wholly funded by Pioneer as part of its earn-in on the Mavis Lake Project (see Company news release dated March 14, 2016).
The Mavis and Raleigh projects are under option to strategic partner Pioneer Resources Limited (ASX: PIO) pursuant to which Pioneer can acquire up to a 51% interest in the projects.

International Lithium Corp. has a significant portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor, Jiangxi Ganfeng Lithium Co. Ltd., (“Ganfeng Lithium”) a leading China-based lithium product manufacturer.
The Company’s primary focus is the strategic stake in the Mariana lithium-potash brine project located within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totaling 160 square kilometres that ranks as one of the more prospective salars or ‘salt lakes’ in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A., a private company registered in Argentina, ownership of which will be revised to 82.754% by Ganfeng Lithium and 17.246% by ILC in early 2018 in order to reflect each party’s current JV interest. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects, and the Avalonia project in Ireland, which encompasses an extensive 50km-long pegmatite belt.
The ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either incurring CDN$10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% GFL and 21% ILC.
The Mavis and Raleigh projects are under option to strategic partner Pioneer Resources Limited (ASX: PIO) pursuant to which Pioneer can acquire up to a 51% interest in the projects.
The Mavis, Raleigh and Forgan projects together form the basis of the Company’s Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning itself with solid strategic partners and acquiring high quality assets for the Energy rEVolution supply chain, ILC aims to be the partner of choice for investors in green-tech and to continue to build value for its shareholders.
About Pioneer Resources Limited
Pioneer is an active exploration company focused on key global demand-driven commodities. This includes a portfolio of strategically located lithium, caesium, nickel, cobalt and gold projects in mining regions in Western Australia, plus a portfolio of high quality lithium assets in Canada.
The Company is focused on delivering shareholder value through targeted exploration programs to enable the discovery and commercialisation of high value mineral resources whilst actively strengthening its project portfolio through acquiring, pegging and reviewing new opportunities.
On behalf of the Board of Directors, 
Kirill Klip
Executive Chairman 
For further information concerning this news release please contact +1 604-700-8912
Neither 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 release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information or forward-looking statements in this news release may include: the timing and anticipated results of drilling on the Mavis Lake Project, the expectation of feasibility studies, lithium recoveries, modeling of capital and operating costs, results of studies utilizing membrane technology at the Mariana Project, budgeted expenditures and planned exploration work on the Avalonia JV, and continued agreement between the Company and Jiangxi Ganfeng Lithium Co. Ltd. regarding the Company’s percentage interest in the Mariana project. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the interim and annual Management’s Discussion and Analysis which are available at www.sedar.com. While management believes that the assumptions made are reasonable, there can be no assurance that forward-looking statements will prove to be accurate. Should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Forward-looking information herein, and all subsequent written and oral forward-looking information are based on expectations, estimates and opinions of management on the dates they are made that, while considered reasonable by the Company as of the time of such statements, are subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.