Issue link: http://resourceworld.uberflip.com/i/1239546
A P R I L / M A Y 2 0 2 0 www.resourceworld.com 13 NORTHWEST TERRITORIES Feasibility Study assessed an expanded mill throughput rate of 6,000 tpd and a number of process improvements for the vertically integrated development reflect - ing the demands for greater cobalt product output from potential strategic partners. It also assessed lower capital cost options of producing gold and metal concentrates at the mine site for sale to third-party pro - cessors that would eliminate or defer the need to construct a vertically integrated refinery. The base case for both studies contemplated a mine and concentrator in NWT and a related refinery in southern Canada producing cobalt sulphate used in lithium-ion rechargeable batteries, gold doré, bismuth ingot, and copper cement. Fortune recently signed an Access Agreement that detailed the conditions under which the company can build and operate the 51-km NICO Project access road on Tlicho-owned lands between the com - munity of Whati and the mineral project. GoldMining Inc. [GOLD-TSX; GLDLF-OTCQX] has been working on its 100%-owned, 12,120-hectare, Yellowknife Gold Project located 50 to 90 km north of Yellowknife. Measured and Indicated Resources stand at 14,108,000 tonnes aver - aging 2.33 g/t gold, for 1,059,000 oz gold. Inferred Resources are 9,302,000 tonnes averaging 2.47 g/t gold, for 739,000 oz gold. Permits have been received to enable the company to complete advanced exploration work including diamond drilling, under - ground development and operation of the existing camp, airstrip and winter road. Gold Terra Resource Corp. [YGT- TSXV], formerly TerraX Minerals Ltd., has drilled 9,715 metres at the Sam Otto Zone at the Yellowknife City gold proj- ect. Drilling is being done in an effort to expand the NI 43-101 Inferred Mineral Resource estimate at the Sam Otto Zone. Three holes (53, 54 and 58) intersected visible gold in quartz veins similar to the discovery hole TSO18-35. Highlights include 1.06 g/t gold over 12.9 metres and 1.63 g/t gold over 7.25 metres in hole TSO20-063, and 0.45 g/t gold over 41.96 metres, including 1.68 g/t gold over 5 metres in hole TSO20-062. To date Gold Terra has released eight holes out of 34 holes drilled this winter with assays still pending. Gold Terra owns a 100% interest in the Yellowknife City Gold project, encompassing 790 km 2 of contigu- ous land within 12 km of Yellowknife. The company recently acquired two large claims, Aurora 1 and 2, accessible by paved road from Yellowknife. The Aurora claims tie up ground containing strike extensions of the Ptarmigan and Tom mines (collectively 120,000 oz gold averag - ing 10 g/t gold, which were acquired by Gold Terra in 2018. Mountain Province Diamonds Inc. [MPVD-TSX; MPVDF-OTCQX] has a 49% interest (De Beers 51% and operator) in the Gaucho Kué diamond mine 280 km northeast of Yellowknife. During fiscal year 2019, 3,284,520 carats were sold at an 86% believe a strong mining sector is vital to the long-term health of the NWT economy 83% say regula on of the mining sector works well 82% would like to see more mining projects in the NWT 8 in 10 people have posi ve feeling about mining and mineral explora on companies opera ng in the NWT. To learn more about the NWT's world-class resources visit: nwtmining.com • nwtpetroleum.com • nwtgeoscience.ca THE SURVEY WAS CONDUCTED BY ABACUS DATA AND COMMISSIONED BY THE NWT AND NUNAVUT CHAMBER OF MINES AND THE MINING ASSOCIATION OF CANADA. Results from a territory-wide survey conducted by a na onal research company show that NWT residents favour more mining ac vity. NEW MINES NWT RESIDENTS WANT