Issue link: http://resourceworld.uberflip.com/i/1012424
14 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 8 since the 2017 year-end resource update. Exploration is focused on the lower part of the Triangle deposit as well as targets along strike and down dip from the Parallel deposit. Highlights included delineation of new mineralized zones C8, C9, and C10 at Triangle, with intercepts as high as 2.8 metres of 125.45 g/t gold (C6 secondary splay) and 1.8 metres of 873.96 g/t gold (C8 secondary splay). These new zones are not included in the 2017 resource estimate. Step-out drill holes also returned good gold intercepts. The maiden reserve at Triangle is approximately 893,000 ounces of gold averaging 7.3 g/t that will support an initial seven-year mine plan to begin production with an average annual pro- duction of 117,000 ounces of gold at AISC of $717/oz. Enforcer Gold Corp. [VEIN-TSXV; N071-FSE] reported drill results from its 2018 Phase I program on the MOP II gold-copper deposit at the road-accessible Roger Project. The project is 5 km north of Chibougamau and is crossed by a power line that serviced the past-producing Troilus Mine. Highlights were 0.73 g/t gold over 219.7 metres, including 1.32 g/t over 57.7 metres as well as 0.71 g/t gold over 147.8 metres, including 1.07 g/t over 64.8 metres. Enforcer is earning a 50% interest from operator SOQUEM. Falco Resources Ltd. [FPC-TSXV; FPRGF-OTC] has a 100% interests in 70% of the Rouyn-Noranda mining camp, including the Horne Mine Complex and 14 other mines. The Horne 5 Project contains proven + probable reserves of 5,961,000 oz gold equivalent (AuEq – gold, silver, cop- per, zinc), measured + indicated resources of 7,501,000 oz AuEq and inferred resources of 1,736,000 oz AuEq. Osisko Gold Royalties has committed $180 million through a silver stream toward the financ- ing of the development of Falco's Horne 5 Project. Osisko also purchased from Falco a secured debenture of $7-million. Focus Graphite Inc. [FMS-TSXV; FCSMF-OTCQX; FKC-FSE] and 50/50 partner SOQUEM released a PEA for the Kwyjibo rare earth element (REE) project, based on a maiden resource estimate and preliminary metallurgical test work. The project is 125 km northeast of the port city of Sept-Iles. The combined resource for the Josette Northeast and Josette Southwest zones is 6.92 million tonnes at 2.72% TREO (total rare earth oxides) measured and indicated and 1.33 million tonnes at 3.64% TREO inferred. The project has a 10-year life-of-mine (LOM) with an average annual ore produc- tion of 387,000 tonnes at 3.29% TREO. Total LOM production is 3.55 million tonnes at 3.29% TREO. Pre-tax IRR is estimated at 21.4% (18% after tax) and pre-tax NPV is estimated at $572.9 mil- lion ($380.7 million after-tax) CAPEX is estimated at $723.6 million with 3.4-year payback. Genesis Metals Corp. [GIS-TSXV; GGISF-OTC] has developed a prospec- tive geological model for the Main Zone at its 100%-owned Chevrier gold project 35 km south of Chibougamau. The model compiled data from 213 drill holes over 29 years that demonstrated continuity of gold mineralization and created a foun- dation for a revised resource estimate at Chevrier. The new work has identified previously unrecognized higher-grade zones that returned 8.73 g/t gold over 21.35 metres. GeoMega Resources Inc.'s [GMA- TSXV; GOMRF-OTC] subsidiary, Innord Inc., will offer limited amounts of neo- dymium oxide and cobalt compounds being produced at its facilities as larger volume tests are being completed. Innord is focused on separation process devel- opment and scaling and not commercial production. Innord has filed patents in Canada and the US to protect its novel electrophoresis separation process. Globex Mining Enterprises Inc. [GMX-TSX; GLBXF-OTCQX; G1M- Germany] has numerous mineral projects covering a variety of commodities. On the 100%-owned Parbec property in Malartic Township, 100%-optionor Renforth Resources Inc. [RFR-CSE] has completed a prospecting program that found gold-bear- ing mineralization. Globex has received encouraging grab sample assays from its 100%-owned Francoeur/Arntfield Gold Mines property 25 km west of Rouyn- Noranda. Assays included 4.49, 14.165, 7.06 and 11.55 g/t gold. Glencore PLC [GLEN-LSE; GLNCY- OTC] owns the Bracemac-McLeod Mine near Matagami. The mine processes ore in Matagami and sends copper concentrate to the Horne Smelter in Rouyn-Noranda and zinc concentrate to the CEZinc Refinery in Valleyfield, Québec. Goldcorp Inc. [G-TSX; GG-NYSE] operates the Éléonore underground gold mine 320 km north of Matagami in the James Bay region. A total of 305,000 ounces of gold was produced in 2017 at an All-In Sustaining Cost of $1,095/oz. Guidance for 2018 at 7,000 tpd is 360,000 oz at AISC of $900/oz. HPQ Silicon Resources Inc. [HPQ- TSXV] shareholders will vote on spinning out Beauce Gold Fields to advance the company's 100% interest a gold project in the Beauce region of southeastern Québec. Golden Valley Mines Ltd. [GZZ- TSXV] has signed an option agreement for Alexandria Minerals Corp. [AZX-TSXV] to earn 80% in the Centremaque property southeast of Val d'Or. Golden Valley also holds the Perestroika, Oregon and Magoma prospects. Hecla Mining Company [HL-NYSE] operates the 100%-owned Casa Berardi gold mine 95 km north of La Sarre. Gold production for 2017 was 156,653 oz with Q1 2018 production of 40,200 oz. IAMGOLD Inc. [IMG-TSX; IAG-NYSE] has a 100% interest in the produc- ing Westwood gold mine 2.5 km east of the former Doyon gold mine 40 km east of Rouyn-Noranda. IAMGOLD is also involved in exploration with TomaGold and Vanstar. Mason Graphite Inc. [LLG-TSXV; MGPHF-OTCQX] has received provincial government permits to proceed with the construction and operation of its 100%- owned Lac Guéret graphite project about 285 km north of the main service centre of Baie-Comeau. Midland Exploration Inc. [MD-TSXV] QUÉBEC