On February 20th, Cypress announced additional results that confirm the high solubility of lithium in claystone from its 100%-owned Clayton Valley Project in Nevada. As previously reported (January 9, 2018 press release), lithium extractions of 74% were obtained for both oxidized and reduced claystone samples from drill core from hole DCH-05, leached in a solution of 5% sulfuric acid heated to 80°C. Subsequent tests reported today show lithium extractions of 67% for the oxidized claystone and 80% for the reduced claystone sample, leached under identical conditions but using a solution of 10% sulfuric acid heated to 50°C. These results are in line with previous results and continue to demonstrate the solubility of lithium found in the subsurface claystone at Clayton Valley using sulfuric acid. An opportunity to improve extractions by adjusting leach conditions is now also apparent. See the full release here
On February 14th, Metals Creek announced that a diamond drill rig has been mobilized to the Ogden Gold Project in Timmins Ontario. This program has been designed to test a number of targets including the Naybob area, Porphyry Hill, and Thomas Ogden West Zone. See the full release here
On February 21st, Metals Creek announced that they drilled 1.21 g/t Gold Over 24.80 Meters At The Ogden Gold Project, Timmins, Ontario. See the full release here
Also on February 21st, Metals Creek announced Completion of Phase 2 Drilling At Clarks Brook, Central Newfoundland. See the full release here
The following companies were mentioned:
Genesis Metals $GIS, Alexandria Minerals $AZX, Cypress Development $CYP, Kutcho Copper $KC, White Metals Resources $WHM, Metals Creek Resources $MEK, Novo Resources $NVO, Evrim Resources $EVM, Japan Gold $JG, Trigon Metals $TM, Anaconda Mining $ANX, Eagle Plain Resources $EPL, Mawson Resources $MAW, Kings Bay Resources $KBG, Moneta Porcupine $ME, Canuc Resources $CDA, Sirios Resources $SOI, Adamera Minerals $ADZ, Juggernaut Exploration $JUGR, Gowest Gold $GWA, and Silver Range Resources $SVG.
In this episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, we talk about the mini-crash in the US equities on Monday then we talk about the key press releases of the past week from the Canadian junior exploration sector including White Metal Resources $WHM, Genesis Metals $GIS, Orca Gold $ORG, Pure Gold $PGM, Continental Gold $CNL, Minera Alamos $MAI, Kintavar Exploration $KTR, Pinedale Energy $MCF, Chakana Copper $PERU, ML Gold $MLG, and Sojourn Exploration $SOJ. We talk gold, silver, oil, natural gas, lithium, uranium, copper, nickel, lead and zinc.
A new, updated report on Genesis Metals can be accessed here.