Issue link: http://resourceworld.uberflip.com/i/855838
A U G U S T / S E P T E M B E R 2 0 1 7 www.resourceworld.com 17 To become the leading explorer and developer of GOLD properties in the Val-d'Or/Abitibi Camp. 1.888.994.4465 | monarquesgold.com Fully permitted mine and mill with more than 240k ounces of M&I resources. commercial production July 2014, produc- ing 70,000 ounces in the first two quarters, with an average diluted grade of 7.98 g/t gold. Production for 2016 was 738,000 ounces of gold. Jourdan Resources Inc. [JOR.H-TSXV] has completed a 1,500-metre drill program on the Preissac-Lacorne lithium portfo- lio, optioned from Alix Resources Inc. [AIX-TSXV] and one other claim owned by Jourdan. The centre of the drill pro- gram is 1.5 km northwest of the adjacent Québec lithium mine owned and operated by North American Lithium (private). The adjacent mine recently announced commercial production of spodumene con- centrate. A total of 1,500 metres of drilling were completed in 12 drill holes, 11 holes on the Preissac-Lacorne lithium portfolio and one hole (WL17-12) on claims owned 100% by Jourdan. Spodumene-bearing dikes have been visually identified in all holes except WL17-02 and WL17-05. Khalkos Exploration Inc. [KAS-TSXV] has signed an option agreement for Dundee Precious Metals Inc. [DPM-TSX] in the Malartic gold property 12 km northwest of the Canadian Malartic Mine (Agnico Eagle/ Yamana Gold) and 2 km east of the Lapa Mine (Agnico Eagle). Khalkos has a num- ber of other projects in Québec, including Nanuq, Belleterre, Forsan and Villebon. Lomiko Metals Inc. [LMR-TSXV; LMRMF-OTCQB] has two graphite projects in Québec. La Loutre, 117 km northwest of Montreal, 18.4 million tonnes of 3.19% flake graphite indicated and 16.7 million tonnes at 3.75% flake graphite inferred. Lomiko also holds the Quatre Milles East- West graphite property 175 km northwest of Montreal. Mag One Products Inc. [MDD-CSE; MGPRF-OTC; 304-FSE] plans to process serpentine tailings from a past-producing mine in southwest Québec to produce a magnesium oxide product. The initial processing plant near the tailings site is expected to have a capacity of 10,000 tonnes/annum of MgO and 10,000 tonnes/ annum Mg(OH) 2 with a CAPEX of $6 mil- lion. Refer to article in Resource World, Volume 15 Issue 4, page 49. Metanor Resources Inc. [MTO-TSXV] is conducting a surface drilling program at the Barry Project in the Urban-Barry camp. Several new gold-bearing shear zones have been identified below and outside of the Barry pit area as highlighted by drill hole MB-17-76 which intersected 9.9 g/t gold over 4.0 metres at over 200 metres below the Barry pit. A new shear structure, the South Zone, is 75 metres south of the pit and shows continuity over 300 metres along strike and 250 metres vertically. A minimum of five parallel shear zones have been iden- tified so far and remain open along strike and to depth. Drilling highlights include 5.1 g/t gold over 8.0 metres and 9.7 g/t over 4.0 metres. Monarques Gold Corp. [MQR-TSXV] reported results of drilling in the Gold Bug area less than 500 metres from the 100%- owned Croinor gold deposit 70 km east of Val d'Or. Drilling was aimed at testing the gold-bearing potential of the zone dis- covered in January, when Hole CR-16-521 returned of 8.41 g/t gold over 25 metres. Drilling confirmed that the shear corri- dor contains anomalous to economic gold grades over a width of about 15 metres, to a vertical depth of at least 115 metres. Hole CR-17-532 intersected 6.96 g/t gold over 15 metres, including 17.1 g/t over 5.9 metres. Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX] is developing the Wabouchi spodumene lithium hard-rock deposit. The spodumene concentrate pro- duced will be shipped to the company's lithium compounds processing plant to be completed in Shawinigan, Québec. The plant will transform spodumene concen- trate into high-purity lithium hydroxide and carbonate using proprietary methods developed by Nemaska. New Millennium Iron Corp. [NML- TSX; NWLNF-OTC] and strategic partner Tata Steel have been advancing seven, long-life, NI 43-101 compliant taconite properties in the Labrador Trough capable of producing high quality iron products to make steel.