Resource World Magazine

Resource World - Feb-Mar 2017 - Vol 15 Iss 2

Issue link: http://resourceworld.uberflip.com/i/783264

Contents of this Issue

Navigation

Page 57 of 87

58 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 7 ▪ Highly experienced technical team with a record of success ▪ On trend of two of the highest grade past producing gold mines in Canada - Con Mine & Giant Mine ▪ Excellent infrastructure, with year round access - 8km from Yellowknife ▪ 382 square kilometers (40 km of strike) with 100 % ownership www.terraxminerals.com TSX.V: TXR OTC: TRXXF Frankfurt: TXO Developing Canada's Last High Grade Gold District EMPIRE METALS CORP "EP" "LEADING THE CHARGE IN ALBERTA LITHIUM" Trading Symbol: TSXV: EP www.empiremetalscorp.com M E T A L S C O R P Huge Alberta Lithium land position – more than a 70 per cent interest in 758,383 acres in 37 Metallic and Industrial Mineral Permits covering lithium enriched aquifers in Fox Creek, Alberta. Lithium enriched brines are produced as a by-product of ongoing petroleum production at existing Fox Creek oil and gas wells. Millions of dollars in existing petroleum wells and infrastructure. Empire also owns the Buck Lake platinum, palladium, nickel discovery located within 30 kms of North American Palladium's Lac Des Iles Mine. Nighthawk in November 2016. According to Dr. Michael Byron, President and CEO, the company is "delighted to have Kinross provide a stra- tegic investment, effectively boosting our abilities to unlock the vast potential of our Colomac gold deposit and surrounding Indin Lake Gold Camp. We look forward to building a relationship with Kinross as we begin this exciting new growth period for Nighthawk." The Fortune Minerals Ltd. [FT-TSX; FTMDF-OTCQX] 100%-owned NICO cobalt-gold-bismuth-copper deposit is located 160 km northwest of Yellowknife. According to the company, the unique metal assemblage of the deposit also includes more than 10% of global bismuth reserves along with significant gold as a counter cyclical hedge to reduce exposure to cobalt and bismuth price volatility. The NICO property has several mineral occurrences and one ore deposit, referred to as the Bowl Zone. In general, this ore - body is comprised of a series of stacked stratabound lenses of ironstone. The min- eralized zones to be mined consist of three sub-parallel lenses, approximately 40 metres apart. The project is based on min- ing the NICO deposit by a combination of open pit and underground methods, and producing a bulk gold-cobalt-bismuth- copper concentrate in a processing plant located at the project site. The bulk con - centrate will be bagged at the project site, transported by road to the rail head at Hay River, NWT, and then hauled by rail to a dedicated siding at the Saskatchewan Metals Processing Plant (SMPP), a new hydrometallurgical facility to be built by Fortune at a permitted site about 26 km north of Saskatoon, Saskatchewan. The rail accessible SMPP site has a read - ily available source of grid power and has been designed to produce the following saleable mineral products from the bulk concentrate: gold as doré bars; cobalt, prin- cipally as cobalt sulphate heptahydrate, but with the option of producing cobalt carbonate, cobalt oxide, cobalt nitrate and cobalt chloride. The financial model for the project is based on production of cobalt sulphate

Articles in this issue

Links on this page

Archives of this issue

view archives of Resource World Magazine - Resource World - Feb-Mar 2017 - Vol 15 Iss 2