Issue link: http://resourceworld.uberflip.com/i/1152269
36 www.resourceworld.com A U G U S T / S E P T E M B E R 2 0 1 9 graphite deposit located in northeastern Québec. Mason has commissioned its lith- ium-ion battery materials pilot plant. In parallel with the Lac Guéret Project, Mason is advancing its coated spherical graphite project for lithium-ion batteries, and since the beginning of 2019, new milestones have been achieved on this project. The future coated spherical graphite and VAP plant would be connected to the concentrator in Baie-Comeau and would be fed with the concentrate produced by the latter. The company would thus be fully integrated, from the mine site to coated spherical graphite. Midland Exploration Inc. [MD-TSXV] follows the prospect/joint venture model and has about two dozen projects in Québec. Six are JVs with SOQUEM, Agnico Eagle Mines, Osisko Mining, and Abcourt Mines Inc. [ABI-TSXV; ABMBF- OTC; AML-Germ]. Fifteen historical option agreements are with Altius Minerals Corp. [ALS-TSX], IAMGOLD Corp. [IMG-TSX; IAG-NYSE], NioBay Metals Inc. [NBY- TSXV; MDNNF-OTC], Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE], Agnico Eagle, Osisko Mining, Aurizon (acquired by Hecla) Breakwater Resources (acquired by Nyrstar), JOGMEC, Zincore Metals Inc. [ZNC.H-TSXV], BHP Billiton Canada and Donner. Midland reported drilling and sur - face exploration have resumed on its 100%-owned Mythril Project in northern Québec. The June/July 2019 exploration campaign on Mythril includes a mini- mum of 5,000 metres of diamond drilling, mechanical trenching and channeling, prospecting, soil geochemistry and geo- logical mapping. At the 100%-owned James Bay gold project, IP surveys and channel sampling are being conducted on the Elsa showing, where high-grade gold was encountered earlier. Monarch Gold Corp. [MQR-TSX] processes ore in its Camflo mill from the Beaufor Mine and also custom mills ore on a contract basis. The company also owns the Beacon Mill in Val d'Or that has a 750 tpd capacity. Monarch recently signed binding letters of intent for the acquisi - tion of an aggregate 100% interest in the Fayolle property from Hecla Québec Inc., formerly known as Aurizon Mines and Typhoon Exploration Inc. [TYP-TSXV]. The company has several advanced stage projects, including the Wasamac gold project which had a positive feasibility study in December 2018. Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX] intends to become a lith - ium hydroxide supplier to the emerging lithium battery market and is developing the 100%-owned Whabouchi spodumene lithium hard rock deposit in the James Bay region. Spodumene concentrate produced at the Whabouchi Mine will be shipped to Nemaska's lithium compounds pro - cessing plant to be built in Shawinigan, Québec. This plant will transform spodu- mene concentrate into high purity lithium hydroxide using patented proprietary methods developed by Nemaska Lithium. Nemaska received and accepted a let- ter of intent (LOI) from The Pallinghurst Group, a global metals and mining indus- try investor, for the financing of its Whabouchi Project, comprising a lithium mine located in the Eeyou Istchee territory, James Bay, and an electrochemical plant in Shawinigan. Pallinghurst's LOI contem - plates a $200-million private placement at 25 cents per share and a standby purchase agreement to fully guarantee the success- ful completion of a rights offering of up to $400-million at the same issue price. Newmont Goldcorp Corp. [NGT-TSX; NEM-NYSE] owns and operates the under- ground Éléonore gold mine in the James Bay region of northern Québec that produces about 360,000 ounces of gold annually. Nouveau Monde Graphite Inc. [NOU- TSXV; NMGRF-OTC; NM9-FSE] has completed financings to advance its 100%- owned Matawinie graphite project 130 km north of Montreal. Funds will be used for the continued operation of the exist - ing graphite flake plant, allowing product qualification purposes with end customers and process optimization prior to full com- mercial operation, also for the construction of a demonstration plant for value-added products. Osisko Gold Royalties Inc. [OR-TSX, NYSE; OKSKF-OTC] is an intermediate precious metals royalty company with a portfolio based in North America consist - ing of over 135 royalties, metal flows and purchase agreements for precious metals production. Osisko's portfolio is based on its 5% NSR royalty on the Canadian Malartic Mine, the largest gold mine in Canada. Osisko also holds a portfolio of interests in public resource companies, including 32.7% in Barkerville Gold Mines Ltd. [BGM-TSXV], 16.6% in Osisko Mining Inc. and 19.9% in Falco Resources Ltd. Osisko Mining Inc. [OSK-TSX; OBNNF- OTC] reported new infill drilling results from the continuing definition and expan - sion program at its 100%-owned Windfall gold project in the Abitibi greenstone belt, Urban township, Eeyou Istchee, James Bay. The program is focused on infill drill- ing within the main Windfall gold deposit and the adjacent Lynx deposit immedi- ately northeast of Windfall, exploration and expansion drilling on the main miner- alized zones, and deep exploration in the central areas of the intrusive system. PowerOre Inc. [PORE-TSXV] received more drill results from the Opemiska Mine Complex adjacent to Chapais in the Chibougamau District. A highlight was 295.6 metres grading 0.29% CuEq, includ - ing 0.77% CuEq over 19.6 metres from 26.4 metres; 1.23% CuEq over 21.0 metres from 87.0 metres; and 1.03% CuEq over 16.0 metres from 296.0 metres. CuEq includes copper, gold, silver, cobalt and zinc. Assays include 132 g/t gold over 5.0 metres in hole WST-19-0117; 51.0 g/t gold over 6.3 metres in OSK-W-19-909-W7; and 56.2 g/t gold over 4.7 metres in WST-19-0106. Probe Metals Inc. [PRB-TSXV; PROBF- OTCQB] has about 20 projects in Québec covering some 1,000 km 2 . At the Pascalis property, drill results at the New Beliveau deposit continue to confirm bulk tonnage potential with intercepts grading up to 3.4 g/t gold over 17.8 metres, including 12.2 g/t gold over 3.3 metres and 2.2 g/t gold over 25.2 metres, including 4.7 g/t gold QUÉBEC