JD400
11 months ago
$STRFF Canadian Gold Corp. Highlights Transformative 2023 for Shareholders
Provides Exploration & Development Plans for Coming Year
Toronto, Ontario – December 21, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce a summary of the work completed in 2023, in what has been a transformative year, and in addition, presents the Company’s early exploration and development plans for 2024.
Flin Flon Snow Lake Greenstone Belt
Canadian Gold Corp.’s Tartan Mine project remains the Company’s flag ship project, and sees opportunity being located in the prolific, world class Flin Flon Snow Lake Greenstone Belt, where roughly 50% of all mines developed in Manitoba were established (in this area), representing just under 2% of the Province’s total surface area.
Canadian Gold Highlights and Path Forward
Tartan Mine 2023 Exploration Drilling: Completed Phase 1 drilling in September with highlights that included an impressive 12.0 gpt gold over 8.0 metres, inside the widest and deepest intersection in Tartan Mine history, namely, 4.2 gpt gold over 53.7 metres. This hole increased the vertical extent of the high-grade by 61%. Phase 2 drilling started in November with 3 holes having been completed prior to the winter break (Fig. 1). Assays from the 3 holes are currently pending and drilling is scheduled to resume early January 2024.
2024 Exploration Program: The Company will be completing its Phase 2 drill program during Q1-2024. In addition to targeting extensions of the gold mineralization at the Tartan Mine’s Main Zone, the program has been expanded to follow-up on encouraging holes from the South Zone (Fig. 2) that remains open for expansion and includes 9.6 gpt gold over 11.8 metres, and 8.8 gpt gold over 4.8 metres. The South Zone, which occurs approximately 100 metres south of the Main Zone, was also accessed by underground development for the purpose of drilling underground. Exploration drilling will also target west of the current resource estimate (Fig. 2), where high-grade gold was encountered by the previous owner between 2003-2006, and which included 11.3 gpt gold over 2.7 metres. The overall objective of 2024 is to drive resource growth and materially expand the ore system at the Tartan Mine.
Tartan Mine Engineering: During 2023, the Company reviewed the original process plant and mill design, and considered alternatives to maximize gold recoveries, while also reducing operating costs and technical risks. It is the Company’s belief that a simplified design should achieve these objectives. The Company intends to complete further testing in 2024 in order to determine if the projected gold recoveries can be further increased using a finer grind size. In addition, an evaluation will be completed on the existing processing plant/mill infrastructure in order to identify equipment that may require replacement. The Company intends to work with an equipment broker to help source replacements. Lastly, an underwater drone will be used during spring to map the condition of the underground mine, for the purposes of determining refurbishment costs.
Volcanogenic Massive Sulphide (VMS) Potential: A VTEM and IP survey was conducted in 2011 and 2022 over the Tartan Mine property. The results of these surveys, combined with other prior historical work and current desk-top analyses, has outlined potential for a VMS discovery within the project area. This could be an exciting development, as the region around Flin Flon, Manitoba is well known for hosting “world class” VMS orebodies, many of which have been developed into mines. Since 1915, 34 of the 71 mines that have been developed in Manitoba were situated in the world class, prolific Snow Lake Flin-Flon greenstone belt. Canadian Gold will be completing its data compilation and the results, including next steps, will be shared with shareholders early in 2024.
Property Acquisitions: During 2023 Canadian Gold acquired three early-stage exploration projects situated adjacent to some of the largest gold mines and undeveloped deposits in Canada. In 2024, the primary focus will be on the Hammond Reef North/South (Ontario) and Malartic South projects (Quebec) – being located next to Agnico Eagle’s Hammond Reef deposit and the Canadian Malartic Mine. Work at both projects will continue to advance these projects to a drill ready stage. It is the Company’s intention to apply for various government funding programs to help finance this exploration. Canadian Gold is also open to evaluating neighbouring gold properties in the Flin Flon area.
Financing: The Company raised approximately $4.1 million during 2023. Rob McEwen, the founder and former CEO and Chairman of Goldcorp personally invested $2.0 million and now owns approximately 36% of the Company. Other sources of funding included $300,000 from the Manitoba Mineral Development Fund (“MMDF”) and approximately $1.6 million from new investors.
Tartan Mine Tax Incentives: Manitoba Finance confirmed during the year that the Tartan Mine would be considered a “Major Expansion” and eligible for a tax holiday should it re-enter production. Major Expansions by mining companies in Manitoba are exempt from paying Mining Tax until profits equal the amount of capital spent to open the mine. At the end of the tax holiday, a company is allowed to depreciate the undepreciated balance against future Mining Tax.
Board of Directors/Management Additions: During 2023 the Company has added several members to its board of directors and management team to strengthen its presence within Manitoba. Key additions include Ed Huebert as President and CEO (formerly Special Advisor on Mining to the Cabinet Secretary of Economic Development for Manitoba) and Senior Environmental Manager with Debeers Canada (NWT Projects), Jim Downey (former Minister of Energy and Mines and Deputy Premier of Manitoba) and Alex McEwen, son of Rob McEwen and founder/owner of Remote Power Corp.
For Further Information, Please Contact:
Ed Huebert
President & CEO
Canadian Gold Corp.
(204) 771-2180
ed@canadiangoldcorp.com
Qualified Person
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101.
About Canadian Gold Corp.
Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The Company holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada’s largest gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON). The Company is 36% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is Chairman and CEO of McEwen Mining.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Company contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
https://canadiangoldcorp.com/canadian-gold-corp-highlights-transformative-2023-for-shareholders/
NYBob
12 months ago
Canadian Gold Corp.
Announces Final Closing of Private Placement
and Drilling Update at Tartan Gold Mine
Toronto, Ontario – November 30, 2023 –
Canadian Gold Corp. (TSXV: CGC (“Canadian Gold” or the “Company”) announces the completion of the final tranche closing of its private placement offering,
resulting in aggregate gross proceeds of $2,515,750 (see news releases dated November 6, and November 16, 2023).
Overall, a total of $1,699,296 was raised by the issuance of flow through shares (all tranches of flow through shares) at a price of $0.205 per flow through share,
and $816,454 was raised by the issuance of all units, at a price of $0.14 per unit. Each unit is comprised of one common share and one purchase warrant
entitling the holder to acquire one additional common share at a price of $0.215 per share for 18 months.
The final tranche closing, included in the above, resulted in the issuance of: (i) 536,585 flow through shares for gross proceeds of $110,000; and (ii) 350,000 units
at a price of $0.14 per unit, for gross proceeds of $49,000.
The proceeds from the issuance of flow through shares shall be used allowing investors to claim deductions for the Company’s Canadian Exploration
Expenditures (CEE), reducing an investor's Canadian taxes.
Officers, directors, and other insiders subscribed for an aggregate $643,657 of the gross proceeds, which resulted in related party considerations pursuant to
TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Canadian
Gold Corp. relied on the exemptions contained in section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(a) of MI
61- 101 for an exemption from the minority approval requirement as the fair market value of the securities distributed under the offering, insofar as it involved
interested parties, did not exceed 25% of the Company’s market capitalization.
In connection with all closings for this placement, the Company paid an aggregate $108,824 in finders fees to eligible finders.
As announced on November 8, 2023, the Phase 2 drilling program is still ongoing, with two holes completed to date (950 metres in total), each of which
successfully intersected the Main Zone.
For Further Information, Please Contact:
Ed Huebert
President and Chief Executive Officer
Canadian Gold Corp.
ed@canadiangoldcorp.com
204-771-2180
About Canadian Gold Corp.
Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past
producing Tartan Mine, located in Flin Flon, Manitoba.
The Company holds a 100% interest in greenfields exploration properties in Ontario and Quebec adjacent to some of Canada’s largest gold mines and
development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON) and Hammond Reef Project (ON).
The Company is 36.6% owned by Robert McEwen, who was the founder and CEO of Goldcorp and is Chairman and CEO of McEwen Mining.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Company contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Central Banks On Course For "Colossal" Year Of Gold Buying
Tyler Durden's Photo
BY TYLER DURDEN
FRIDAY, NOV 03, 2023 - 04:20 AM
Via SchiffGold.com,
After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.
https://www.zerohedge.com/commodities/central-banks-course-colossal-year-gold-buying
Gold Breaks Out of Inside Day: Bullish Momentum Building
By: Bruce Powers | November 3, 2023
• Amid strong upward movement, gold targets a breakout above the trend high, setting the stage for a possible new record monthly close in November.
Gold broke out of yesterday’s inside day today on a rise above 1,991.
It subsequently reached a three-day high of 2,004.
A daily close above 1,991 will confirm the inside day breakout and a close above the three-day high of 1,984 shows further strength.
Further, for the short term, a daily close above the middle of today’s range around 1,994 will show greater strength than a close below that level.
Canadian Gold Corp. Announces Exploration and Financing Update
October 31, 2023
Toronto, Ontario – October 31, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce the completion of its regional field exploration program, and that planning for a November, 2023 phase 2 drill program at the 100%-owned Tartan Mine, situated in the prolific Flin Flon-Snow Lake Greenstone Belt, Manitoba, is currently underway.
https://canadiangoldcorp.com/news-2023/
Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
Phase 1 Exploration & Development Update at Tartan Mine
September 27, 2023
Toronto, Ontario – September 27, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce additional drill results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, which builds on the earlier drill holes that are targeting resource growth at depth (click here August 23, 2023 news release). The results to date indicate the potential for a larger discovery below the current resource estimate, which remains open for meaningful expansion. The Company is also providing an update on its regional field work at the Tartan Mine, where high-grade gold samples have been identified approximately 1.4 kilometres (km) from the mine, with the goal of discovering a third zone close to the existing infrastructure, and an update on its engineering review, specifically around the process plant design and potential mine reopening.
Phase 1 Exploration at Tartan Mine Significantly Expands High-Grade Mineralization Below Resource Limit Indicating Potential for Larger Discovery at Depth
August 23, 2023
Toronto, Ontario – August 23, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce initial results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, including its first test at depth. Drilling has intersected one of the best holes in the mine’s history, 325 metres below the lower limit of the current resource estimate, increasing the vertical extent of the high-grade mineralization by 61% compared to the resource (Fig. 1). Hole TLMZ23-26 returned 12.0 gpt gold over 8.0 metres, inside the widest interval ever at the Tartan Mine, 4.2 gpt gold over 53.7 metres, and has outlined the potential for a larger discovery at depth. The drill highlights for the first three holes can be seen in Table 1.
Robert McEwen Appoints Jim Downey to Board of Directors Long Serving Member of Provincial Legislature
August 1, 2023
Toronto, Ontario – August 1, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that Robert McEwen, the Company’s largest shareholder (owning 37.6% of the outstanding common shares), has exercised his option and appointed Jim Downey as his second board nominee. Mr. Downey’s appointment will help strengthen the Company’s connection with Manitoba as it advances the Tartan Mine, near Flin Flon.
Update to Shareholders on Tartan Mine Tax Incentives
July 25, 2023
Toronto, Ontario – July 25, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that Manitoba Finance has confirmed that the Company’s Tartan Mine, located near Flin Flon, would be considered a “Major Expansion” and eligible for a tax holiday should the mine re-enter production. Under the Mining Tax Act, companies need to meet certain requirements to receive the tax holiday. Based on the Company’s review and meetings with Manitoba Finance, the Tartan Mine should meet all requirements.
Tartan Mine: Looking To Improve Financial Returns & Sustainability
June 5, 2023
Toronto, Ontario – June 5, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to outline several initiatives the Company is undertaking at the Tartan Mine (Flin Flon, Manitoba) to improve potential future returns, while focused on sustainability. In addition to the items outlined in this news release, the most important driver for the Company will be the discovery of additional high-grade gold resources.
Phase 1 Exploration Program to Begin at Tartan Mine Main Objective: Extend High-Grade Gold at Depth Property Wide Exploration Potential Outlined
May 12, 2023
Toronto, Ontario – May 12, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that its Phase 1 exploration program at the 100%-owned Tartan Mine near Flin Flon, Manitoba will begin on June 1, 2023. The Company is using this opportunity to highlight for shareholders the discovery potential on the property, specifically at the mine, and at its recently acquired projects adjacent to Agnico Eagle’s Hammond Reef Gold Deposit (Ontario) and Barrick’s Hemlo Gold Mine (Ontario). The Company plans to update shareholders in the coming weeks on its various initiatives designed to improve the economics of the Tartan Mine and its future advancement.
Satori Resources Name Change to Canadian Gold Corp. New Ticker Symbol “CGC” ON TSX Venture Exchange
May 4, 2023
Toronto, Ontario – May 4, 2023 – Canadian Gold Corp. (the “Company”) (BUD – TSX-V) (formerly Satori Resources Inc.) is pleased to announce that its corporate name change has been completed and trading of the Company’s common shares on the TSX-V will commence under the ticker symbol “CGC”, as of tomorrow, Friday, May 5, 2023.
Ian Ball Appointed Interim President & CEO Satori Resources
April 27, 2023
Toronto, Ontario – April 27, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce Ian Ball has been appointed interim President and CEO effective today. Ian will replace Jennifer Boyle, who is continuing with the Company as Executive Vice-President and Director.
Satori Closes Acquisition of Rob McEwen’s Apollo Exploration Resulting in Rob McEwen Holding 37.6% of the Company
April 25, 2023
Toronto, Ontario – April 25, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that it has completed the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Rob McEwen is now the Company’s largest shareholder representing 37.6% of the Company. Satori has approximately $2,000,000 in cash, no debt, and in addition to the Tartan Lake Mine, now owns exploration properties in Ontario and Quebec surrounding some of Canada’s largest gold mines and development projects (see news releases dated February 4, 2023 and March 31, 2023).
Satori Shareholders Approve Acquisition of Rob McEwen’s Apollo Exploration, Resulting in Rob McEwen holding a 37.6% of the Company – New Company proposed to be Named Canadian Gold Corp.
March 31, 2023
Toronto, Ontario – March 31, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that shareholders have approved the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Apollo has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including the Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle). At closing, the combined company will have approximately CDN$2.2 million and no debt.
Rob McEwen to Acquire 37.6% of Satori Resources
February 6, 2023
Toronto, Ontario – February 6, 2023 – Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) is pleased to announce that the founder and former Goldcorp Inc. Chairman and CEO, Rob McEwen, will become Satori’s largest shareholder owning 37.6% of the Company with the objective of expanding the high-grade gold zones at the past producing Tartan Lake Gold Mine in Flin Flon, Manitoba. Satori is proposing to acquire Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”), that has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle) (Fig. 1, 2 & 3). Upon closing, Apollo will also have approx. CDN$1.5 million in cash and no debt.
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
https://www.bitchute.com/video/ePabMYIGyaoh/
$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
15.8K subscribers
https://www.youtube.com/watch?v=FufotnaO3kQ
$GOLD BULL CATALYST: Situation Is Dire As Worries Mount Over United States
Worries are increasing regarding the United States and this is definitely going to be a positive catalyst
for the gold bull market.
Is it Finally Happening! Is This What's Happening -
With $Gold Prices -
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
NYBob
1 year ago
Central Banks On Course For "Colossal" Year Of Gold Buying
Tyler Durden's Photo
BY TYLER DURDEN
FRIDAY, NOV 03, 2023 - 04:20 AM
Via SchiffGold.com,
After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.
https://www.zerohedge.com/commodities/central-banks-course-colossal-year-gold-buying
Gold Breaks Out of Inside Day: Bullish Momentum Building
By: Bruce Powers | November 3, 2023
• Amid strong upward movement, gold targets a breakout above the trend high, setting the stage for a possible new record monthly close in November.
Gold broke out of yesterday’s inside day today on a rise above 1,991.
It subsequently reached a three-day high of 2,004.
A daily close above 1,991 will confirm the inside day breakout and a close above the three-day high of 1,984 shows further strength.
Further, for the short term, a daily close above the middle of today’s range around 1,994 will show greater strength than a close below that level.
Canadian Gold Corp. Announces Exploration and Financing Update
October 31, 2023
Toronto, Ontario – October 31, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce the completion of its regional field exploration program, and that planning for a November, 2023 phase 2 drill program at the 100%-owned Tartan Mine, situated in the prolific Flin Flon-Snow Lake Greenstone Belt, Manitoba, is currently underway.
https://canadiangoldcorp.com/news-2023/
Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
Phase 1 Exploration & Development Update at Tartan Mine
September 27, 2023
Toronto, Ontario – September 27, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce additional drill results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, which builds on the earlier drill holes that are targeting resource growth at depth (click here August 23, 2023 news release). The results to date indicate the potential for a larger discovery below the current resource estimate, which remains open for meaningful expansion. The Company is also providing an update on its regional field work at the Tartan Mine, where high-grade gold samples have been identified approximately 1.4 kilometres (km) from the mine, with the goal of discovering a third zone close to the existing infrastructure, and an update on its engineering review, specifically around the process plant design and potential mine reopening.
Phase 1 Exploration at Tartan Mine Significantly Expands High-Grade Mineralization Below Resource Limit Indicating Potential for Larger Discovery at Depth
August 23, 2023
Toronto, Ontario – August 23, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce initial results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, including its first test at depth. Drilling has intersected one of the best holes in the mine’s history, 325 metres below the lower limit of the current resource estimate, increasing the vertical extent of the high-grade mineralization by 61% compared to the resource (Fig. 1). Hole TLMZ23-26 returned 12.0 gpt gold over 8.0 metres, inside the widest interval ever at the Tartan Mine, 4.2 gpt gold over 53.7 metres, and has outlined the potential for a larger discovery at depth. The drill highlights for the first three holes can be seen in Table 1.
Robert McEwen Appoints Jim Downey to Board of Directors Long Serving Member of Provincial Legislature
August 1, 2023
Toronto, Ontario – August 1, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that Robert McEwen, the Company’s largest shareholder (owning 37.6% of the outstanding common shares), has exercised his option and appointed Jim Downey as his second board nominee. Mr. Downey’s appointment will help strengthen the Company’s connection with Manitoba as it advances the Tartan Mine, near Flin Flon.
Update to Shareholders on Tartan Mine Tax Incentives
July 25, 2023
Toronto, Ontario – July 25, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that Manitoba Finance has confirmed that the Company’s Tartan Mine, located near Flin Flon, would be considered a “Major Expansion” and eligible for a tax holiday should the mine re-enter production. Under the Mining Tax Act, companies need to meet certain requirements to receive the tax holiday. Based on the Company’s review and meetings with Manitoba Finance, the Tartan Mine should meet all requirements.
Tartan Mine: Looking To Improve Financial Returns & Sustainability
June 5, 2023
Toronto, Ontario – June 5, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to outline several initiatives the Company is undertaking at the Tartan Mine (Flin Flon, Manitoba) to improve potential future returns, while focused on sustainability. In addition to the items outlined in this news release, the most important driver for the Company will be the discovery of additional high-grade gold resources.
Phase 1 Exploration Program to Begin at Tartan Mine Main Objective: Extend High-Grade Gold at Depth Property Wide Exploration Potential Outlined
May 12, 2023
Toronto, Ontario – May 12, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that its Phase 1 exploration program at the 100%-owned Tartan Mine near Flin Flon, Manitoba will begin on June 1, 2023. The Company is using this opportunity to highlight for shareholders the discovery potential on the property, specifically at the mine, and at its recently acquired projects adjacent to Agnico Eagle’s Hammond Reef Gold Deposit (Ontario) and Barrick’s Hemlo Gold Mine (Ontario). The Company plans to update shareholders in the coming weeks on its various initiatives designed to improve the economics of the Tartan Mine and its future advancement.
Satori Resources Name Change to Canadian Gold Corp. New Ticker Symbol “CGC” ON TSX Venture Exchange
May 4, 2023
Toronto, Ontario – May 4, 2023 – Canadian Gold Corp. (the “Company”) (BUD – TSX-V) (formerly Satori Resources Inc.) is pleased to announce that its corporate name change has been completed and trading of the Company’s common shares on the TSX-V will commence under the ticker symbol “CGC”, as of tomorrow, Friday, May 5, 2023.
Ian Ball Appointed Interim President & CEO Satori Resources
April 27, 2023
Toronto, Ontario – April 27, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce Ian Ball has been appointed interim President and CEO effective today. Ian will replace Jennifer Boyle, who is continuing with the Company as Executive Vice-President and Director.
Satori Closes Acquisition of Rob McEwen’s Apollo Exploration Resulting in Rob McEwen Holding 37.6% of the Company
April 25, 2023
Toronto, Ontario – April 25, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that it has completed the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Rob McEwen is now the Company’s largest shareholder representing 37.6% of the Company. Satori has approximately $2,000,000 in cash, no debt, and in addition to the Tartan Lake Mine, now owns exploration properties in Ontario and Quebec surrounding some of Canada’s largest gold mines and development projects (see news releases dated February 4, 2023 and March 31, 2023).
Satori Shareholders Approve Acquisition of Rob McEwen’s Apollo Exploration, Resulting in Rob McEwen holding a 37.6% of the Company – New Company proposed to be Named Canadian Gold Corp.
March 31, 2023
Toronto, Ontario – March 31, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that shareholders have approved the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Apollo has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including the Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle). At closing, the combined company will have approximately CDN$2.2 million and no debt.
Rob McEwen to Acquire 37.6% of Satori Resources
February 6, 2023
Toronto, Ontario – February 6, 2023 – Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) is pleased to announce that the founder and former Goldcorp Inc. Chairman and CEO, Rob McEwen, will become Satori’s largest shareholder owning 37.6% of the Company with the objective of expanding the high-grade gold zones at the past producing Tartan Lake Gold Mine in Flin Flon, Manitoba. Satori is proposing to acquire Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”), that has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle) (Fig. 1, 2 & 3). Upon closing, Apollo will also have approx. CDN$1.5 million in cash and no debt.
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
https://www.bitchute.com/video/ePabMYIGyaoh/
$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
15.8K subscribers
https://www.youtube.com/watch?v=FufotnaO3kQ
$GOLD BULL CATALYST: Situation Is Dire As Worries Mount Over United States
Worries are increasing regarding the United States and this is definitely going to be a positive catalyst
for the gold bull market.
Is it Finally Happening! Is This What's Happening -
With $Gold Prices -
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
NYBob
1 year ago
Canadian Gold Corp. Announces Exploration and Financing Update
October 31, 2023
Toronto, Ontario – October 31, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce the completion of its regional field exploration program, and that planning for a November, 2023 phase 2 drill program at the 100%-owned Tartan Mine, situated in the prolific Flin Flon-Snow Lake Greenstone Belt, Manitoba, is currently underway.
https://canadiangoldcorp.com/news-2023/
Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
Phase 1 Exploration & Development Update at Tartan Mine
September 27, 2023
Toronto, Ontario – September 27, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce additional drill results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, which builds on the earlier drill holes that are targeting resource growth at depth (click here August 23, 2023 news release). The results to date indicate the potential for a larger discovery below the current resource estimate, which remains open for meaningful expansion. The Company is also providing an update on its regional field work at the Tartan Mine, where high-grade gold samples have been identified approximately 1.4 kilometres (km) from the mine, with the goal of discovering a third zone close to the existing infrastructure, and an update on its engineering review, specifically around the process plant design and potential mine reopening.
Phase 1 Exploration at Tartan Mine Significantly Expands High-Grade Mineralization Below Resource Limit Indicating Potential for Larger Discovery at Depth
August 23, 2023
Toronto, Ontario – August 23, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce initial results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, including its first test at depth. Drilling has intersected one of the best holes in the mine’s history, 325 metres below the lower limit of the current resource estimate, increasing the vertical extent of the high-grade mineralization by 61% compared to the resource (Fig. 1). Hole TLMZ23-26 returned 12.0 gpt gold over 8.0 metres, inside the widest interval ever at the Tartan Mine, 4.2 gpt gold over 53.7 metres, and has outlined the potential for a larger discovery at depth. The drill highlights for the first three holes can be seen in Table 1.
Robert McEwen Appoints Jim Downey to Board of Directors Long Serving Member of Provincial Legislature
August 1, 2023
Toronto, Ontario – August 1, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that Robert McEwen, the Company’s largest shareholder (owning 37.6% of the outstanding common shares), has exercised his option and appointed Jim Downey as his second board nominee. Mr. Downey’s appointment will help strengthen the Company’s connection with Manitoba as it advances the Tartan Mine, near Flin Flon.
Update to Shareholders on Tartan Mine Tax Incentives
July 25, 2023
Toronto, Ontario – July 25, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that Manitoba Finance has confirmed that the Company’s Tartan Mine, located near Flin Flon, would be considered a “Major Expansion” and eligible for a tax holiday should the mine re-enter production. Under the Mining Tax Act, companies need to meet certain requirements to receive the tax holiday. Based on the Company’s review and meetings with Manitoba Finance, the Tartan Mine should meet all requirements.
Tartan Mine: Looking To Improve Financial Returns & Sustainability
June 5, 2023
Toronto, Ontario – June 5, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to outline several initiatives the Company is undertaking at the Tartan Mine (Flin Flon, Manitoba) to improve potential future returns, while focused on sustainability. In addition to the items outlined in this news release, the most important driver for the Company will be the discovery of additional high-grade gold resources.
Phase 1 Exploration Program to Begin at Tartan Mine Main Objective: Extend High-Grade Gold at Depth Property Wide Exploration Potential Outlined
May 12, 2023
Toronto, Ontario – May 12, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that its Phase 1 exploration program at the 100%-owned Tartan Mine near Flin Flon, Manitoba will begin on June 1, 2023. The Company is using this opportunity to highlight for shareholders the discovery potential on the property, specifically at the mine, and at its recently acquired projects adjacent to Agnico Eagle’s Hammond Reef Gold Deposit (Ontario) and Barrick’s Hemlo Gold Mine (Ontario). The Company plans to update shareholders in the coming weeks on its various initiatives designed to improve the economics of the Tartan Mine and its future advancement.
Satori Resources Name Change to Canadian Gold Corp. New Ticker Symbol “CGC” ON TSX Venture Exchange
May 4, 2023
Toronto, Ontario – May 4, 2023 – Canadian Gold Corp. (the “Company”) (BUD – TSX-V) (formerly Satori Resources Inc.) is pleased to announce that its corporate name change has been completed and trading of the Company’s common shares on the TSX-V will commence under the ticker symbol “CGC”, as of tomorrow, Friday, May 5, 2023.
Ian Ball Appointed Interim President & CEO Satori Resources
April 27, 2023
Toronto, Ontario – April 27, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce Ian Ball has been appointed interim President and CEO effective today. Ian will replace Jennifer Boyle, who is continuing with the Company as Executive Vice-President and Director.
Satori Closes Acquisition of Rob McEwen’s Apollo Exploration Resulting in Rob McEwen Holding 37.6% of the Company
April 25, 2023
Toronto, Ontario – April 25, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that it has completed the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Rob McEwen is now the Company’s largest shareholder representing 37.6% of the Company. Satori has approximately $2,000,000 in cash, no debt, and in addition to the Tartan Lake Mine, now owns exploration properties in Ontario and Quebec surrounding some of Canada’s largest gold mines and development projects (see news releases dated February 4, 2023 and March 31, 2023).
Satori Shareholders Approve Acquisition of Rob McEwen’s Apollo Exploration, Resulting in Rob McEwen holding a 37.6% of the Company – New Company proposed to be Named Canadian Gold Corp.
March 31, 2023
Toronto, Ontario – March 31, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that shareholders have approved the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Apollo has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including the Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle). At closing, the combined company will have approximately CDN$2.2 million and no debt.
Rob McEwen to Acquire 37.6% of Satori Resources
February 6, 2023
Toronto, Ontario – February 6, 2023 – Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) is pleased to announce that the founder and former Goldcorp Inc. Chairman and CEO, Rob McEwen, will become Satori’s largest shareholder owning 37.6% of the Company with the objective of expanding the high-grade gold zones at the past producing Tartan Lake Gold Mine in Flin Flon, Manitoba. Satori is proposing to acquire Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”), that has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle) (Fig. 1, 2 & 3). Upon closing, Apollo will also have approx. CDN$1.5 million in cash and no debt.
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
JD400
1 year ago
$STRRF Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Each flow-through share will be priced at $0.23 per share. Each Unit will be priced at $0.14 per Unit, and each Unit shall consist of one common share and one share purchase warrant exercisable at $0.215 per share for 18 months.
The use of proceeds, if fully subscribed, are anticipated to be incurred to evaluate the following:
Exploration Drilling: A Phase 2 exploration drilling program at the Tartan Mine in Flin Flon, Manitoba, in order to expand upon the Company’s recent exploration successes, which included drill results situated below the mineral resource estimate, including 8 gpt gold over 12.6 metres and 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres.
Ore Sorting Study: The merits of an ore sorting testing program, for the purpose of potentially increasing the value per ton of mill feed and reducing the amount of waste material required to mine the deposit.
Metallurgical Test work: Additional metallurgical studies that will look to further increase gold recoveries at the process plant, using a processing method (crushing, grinding, gravity concentration followed by whole ore leaching) for finer mill grinding, powered by Manitoba’s low cost, renewable power.
Mine Permitting: Evaluate and initiate the required operating permits in order to change process plant designs, and to undertake capital studies that will help the Company estimate the potential costs associated with re-opening the Tartan Mine.
With the closing of this proposed financing, the Company is expected to have sufficient funding for working capital, with exploration work being financed from the flow through shares, including the flow-through credits offered in Manitoba where applicable – which are some of the most tax favourable within Canada.
The offering is subject to receipt of approval by the TSX Venture Exchange and any of other regulator having jurisdiction. It is intended that the flow-through shares will qualify as ‘flow through shares’ within the meaning of the Income Tax Act (Canada) and will be offered to all qualified purchasers’ resident of any Canadian province in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The securities issued upon the closing of the offering will be subject to a four month hold period from the date of issue, including any other re-sale restrictions imposed by applicable securities regulatory authorities.
A finder’s fee equal to 6% of the gross proceeds raised may be paid to eligible finders in connection with the offering, excluding any funds from Rob McEwen, management, or the board of directors. The offering is expected to close on or around October 31, 2023.
For Further Information, Please Contact:
Jennifer Boyle
Director
Canadian Gold Corp.
(416) 904-2714
info@canadiangoldcorp.com
JD400
1 year ago
$STRRF-Phase 1 Exploration & Development Update at Tartan Mine
Toronto, Ontario – September 27, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce additional drill results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, which builds on the earlier drill holes that are targeting resource growth at depth (click here August 23, 2023 news release). The results to date indicate the potential for a larger discovery below the current resource estimate, which remains open for meaningful expansion. The Company is also providing an update on its regional field work at the Tartan Mine, where high-grade gold samples have been identified approximately 1.4 kilometres (km) from the mine, with the goal of discovering a third zone close to the existing infrastructure, and an update on its engineering review, specifically around the process plant design and potential mine reopening.
“Phase 1 drilling at the Tartan Mine has extended the vertical limits of the high-grade gold mineralization well beyond our expectations. Between our exploration success and engineering advancements, we are potentially seeing the restart of a profitable mining operation. We also feel it’s possible to better target the high-grade now that we have an understanding of the rock conditions at depth. We will do this by using directional drilling going forward. Our Phase 2 drill program will look to 1) materially expand the limits of the known mineralization once again in order to determine if the new intercepts represent a significant discovery at depth and 2) better define the high-grade zones, particularly in the Hanging Wall (“HWZ”). We have a drill onsite and expect to commence Phase 2 drilling very shortly,” stated Ian Ball, Interim CEO & President.
Exploration Drilling Tartan Mine
Zone Continues to Widen at Depth with High-Grade Core
Drill results 40 metres above the recent wide interval at depth (Hole TLMZ23-26 4.2 gpt gold over 53.7 metres, including 12.0 gpt gold over 8.0 metres) that materially expanded the limits of the gold mineralization by 325 metres vertically, compared to the current resource estimate (Fig. 1), confirmed that the Main Zone is widening below 800 metres, while containing a higher-grade core, returning 6.8 gpt over 4.0 metres within 2.5 gpt gold over 28.5 metres. The results also demonstrate that the Main Zone is no longer plunging steeply to the northwest as predicted, but is becoming vertical (Fig. 1). This new understanding will help the geological team better target extensions at depth during Phase 2.
Drilling 50 metres west of hole TLMZ21-01 (9.7 gpt gold over 4.2 metres completed in 2021) successfully expanded the Main Zone in that direction, returning 6.6 gpt gold over 6.0 metres. This hole is approximately 160 metres below the current limits of the resource estimate (Fig. 1) and returned grades higher than the current estimate over better widths, helping build confidence around the continuity of gold mineralization for future mine planning purposes. This hole was originally intended to expand the high-grade in hole TLMZ21-12 (23.8 gpt gold over 12.6 metres, including 47.6 gpt gold over 5.8 metres completed in 2021), but due to excess deviation while drilling, the ultimate target area had to be changed. The Company intends to correct deviation issues during Phase 2 by using directional drilling equipment that is able to better target the intended area.
The Company is currently planning for its Phase 2 drill program, which is scheduled to start shortly. With aid of directional drilling, the Company will initially target extensions of the known high-grade and disseminated gold mineralization below and adjacent to holes TLMZ21-12 and TLMZ23-26 discussed above (Fig. 1). This drilling will continue to test the limits of the orebody in order to establish the overall size of the Main Zone for potential mine planning purposes.
Tartan Mine Regional Exploration
High Priority Area Identified 1.4 KM From Underground Infrastructure
Field work near the Tartan Mine has identified multiple zones of mineralization on surface with new assays up to 13.0 gpt gold(Fig. 2). The focus to date has been around the mine area in order to potentially utilize the underground infrastructure (which would lower start-up costs) should a new discovery be made. The high-grade sample taken at the Tailings Pond Zone (TPZ) is located 1.4 km from the Tartan Mine. The TPZ occurs 900 metres east and along the same structure as the Southeast Zone, with surface samples up to 6.2 gpt gold. Also of importance is the newly discovered Sly Fox West Zone, occurring 3 km west of the Tartan Mine. At this location a shear zone with semi-massive sulphide was identified along the same structure that hosts the Tartan Mine. The zone has been traced over 400 metres along strike and appears to range from 4 to 10 metres in thickness. Regional fieldwork is ongoing, and exploration is planned along both structures further east where they remain open. There are currently 78 samples pending.
Development Update – Gold Recovery Test Work Review
Objective: Increase Gold Recoveries, Lower Costs and Risks
The Tartan Mine benefits from good road access, renewable electric power that comes to site, and significant underground infrastructure. During the past six months, the Company has been reviewing the original process plant design and potential alternatives in order to maximize gold recoveries, and reduce operating costs and technical risks. During the 3 years that the mine operated, gold recoveries averaged 76.4%. An average of 85% gold recovery was achieved during the final year of production with some months being greater than 90%. It is the Company’s belief that new, simplified mill design (crushing, grinding, gravity concentration followed by whole ore leaching), should be able to increase recoveries to low-mid 90%, while decreasing the cost per ounce and lowering the technical risk based on grind sizes that are considered coarse (300 and 150 um K80 primary grind). The Company intends to do further testing using this simplified design to see if the projected gold recoveries can be further increased using a finer grind size, likely feasible due the low electricity costs within Manitoba. The Company will also be evaluating the permitting requirements in order to switch process plant designs and to undertake underwater drone mapping to determine the condition of the underground infrastructure. This will help the Company estimate potential costs associated with dewatering and refurbishing for potential development.
Table 1. Drill Highlights Below 2017 Resource Estimate (525 Metre Limit)
continues here
https://canadiangoldcorp.com/phase-1-exploration-development-update-at-tartan-mine/
JD400
1 year ago
Maybe $STRRF could use this A.I. tool
A.I. helps find untapped mineral deposits
with A.I. soundtrack
Staff Writer | May 30, 2023 | 5:05 am Battery Metals News USA Lithium Rare Earth
Researchers at the Carnegie Institution for Science and other universities and organizations across the US have developed a machine learning model that can predict the locations of minerals on earth—and potentially other planets—by taking advantage of patterns in mineral associations.
In a paper published in the journal PNAS Nexus, the scientists explain that, for a long time, finding occurrences of specific minerals has been both an art and a science, as the task relies on individual experience, along with a healthy dose of luck.
Their tool, however, uses data from the Mineral Evolution Database, which includes 295,583 mineral localities of 5,478 mineral species, to predict previously unknown occurrences based on association rules. The authors tested their model by exploring the Tecopa basin in the Mojave Desert, a well-known Mars analog environment.
“Mineral association analysis quantifies high-dimensional multi-correlations in mineral localities across the globe, enabling the identification of previously unknown mineral occurrences, as well as mineral assemblages and their associated paragenetic modes,” the report reads.
The model was able to predict the locations of geologically important minerals, including uraninite alteration, rutherfordine, andersonite, schröckingerite, bayleyite and zippeite.
In addition to this, the model located promising areas for critical rare earth elements and lithium minerals, including monazite-(Ce), allanite-(Ce), and spodumene.
Once this was done, the researchers tested and confirmed several of these mineral occurrence predictions in nature, thereby ground-truthing the method.
“Mineral association analysis can be a powerful predictive tool for mineralogists, petrologists, economic geologists, and planetary scientists,” the authors said in a media statement. “It will enhance our understanding of mineralization and mineralizing environments on earth, across our solar system, and through deep time.”
map included here https://www.mining.com/ai-helps-find-untapped-mineral-deposits/
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.The Age of Amazement - AI Generated Music Composed for TED 2018
https://www.youtube.com/watch?v=lROo4norCG0
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