Resource World Magazine

Resource World - April-May 2019 - Vol 17 Issue 3

Issue link: http://resourceworld.uberflip.com/i/1099276

Contents of this Issue

Navigation

Page 60 of 63

A P R I L / M A Y 2 0 1 9 www.resourceworld.com 61 P R O F E S S I O N A L D I R E C T O R Y WE PROMISE AND WE DELIVER VANADIUM PROJECTS FOR INITIAL PUBLIC OFFERING Fayz Yacoub P. Geo Professional Geologist Tel: (604) 831-0424 Email: fayz@ontrackexploration.com www.ontrackexploration.com MULTI-MINE LAND PACKAGE AVAILABLE Most of the Phillips Arm, British Columbia past-producing gold mines available for purchase. One mine (Alexandria) has drill indicated reserves of 25,600 tonnes grading 10.0 grams/tonne gold. Contact: Ellsworth Dickson 604-484-3800 or edickson@resourceworld.com CORRECTION There were some numerical errors in the Metallis Resources Ltd. drill results on page 50 of the last issue (Volume 17 Issue 2). Below are the correct assays. • KH18-18 (Cole) intersected porphyry style mineralization in shallow quartz stockwork zones and sulphides carrying 0.94 g/t Au over 9m and 0.42 g/t Au over 10m. Alteration patterns in the core, geology and geophysics all vector towards a mineralized system to the southeast. • KH18-19 (Cole) discovered a high-grade zone of 11.18 g/t Au over 7.7m including 137 g/t Au over 0.6m associated with shallow, intrusion-related massive sulphide veins. These veins transition outward into epithermal sheeted veins located at the Etta target to the west. (MTS New Release – Nov 20, 2018). • KH18-20 (Cole) was drilled along and across the Adam fault cutting through a series of 4-9m gold intercepts ranging from 0.40 to 0.74 g/t AuEq, associated with similar centimeter-scale massive sulphide veins as in KH18-19. • KH18-17 (Nina) discovered a new porphyry copper-gold system 1-km to the north of the Cliff target. This major step out hole intersected 180m of mineralized Hawilson Monzonite ("HM") and breccias highlighted by 17m of 0.33 g/t AuEq and 2m of pristine potassic alteration with 0.34% Cu and 0.25 g/t Au. Red Dog to NANA Corporation, $156.4 million was distributed to other Alaskan regional, and village corporations – spreading the wealth to shareholders of other native corporations throughout Alaska. In addition, NANA Corporations shareholders fill over 55% of the jobs at the Red Dog Mine. Other well- known successful and long-term company native partnerships include: NovaGold's and Barrick's Donlin Gold development-stage project with Calista Corp. and the Kuskokwim Corp., and similarly Trilogy Metals' Upper Kobuk mineral agreement with NANA Corporation as well as the Constantine Metal Resources more recently announced lease agreement with the Cook Inlet Native Corporation to explore the Johnson Tract project. In summary, the ANCSA provides for a very workable framework which permits for the devel - opment of Alaska's natural resources both for the benefit of the companies that conduct explora- tion and for those that live in Alaska, be they native of not. n continued from page 27

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - April-May 2019 - Vol 17 Issue 3