Globex Mining- Startschuss ??? (Seite 1272)
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Antwort auf Beitrag Nr.: 49.526.987 von crystalsonic am 09.04.15 15:57:20
Aber der Markt=Kurs ist angeödet von Globex.
Und ich kann es verstehen. Zuviel heiße Luft, zuviel könnte, täte, würde u. zuwenig konkrete Entwicklung.
Ein paar Einnahmen tun Globex ja gut, die Zink-Royalty läuft u. kleinere Royalties sind auch ein Zeichen, dass nicht alles komplett tot ist.
Allerdings sind das auch keine Meilensteine, sondern sorgen dafür dass das Licht nicht ausgeht. Bohrentwicklungen u. Akquisitionen gehen weiter nur über Aktienverwässerung u. hier beweist Globex noch keine Nachhaltigkeit. Sprich wir verbrennen Geld.
Was haltet Ihr von der Neugründung v. K.Neumeyer, E.Sprott u. R.Rule, ein "Minerals Bank", die entwickelte Projekte v. klammen Explorern/Juniors aufkauft ?
First Mining Finance Corp. (“FF”) is a mineral bank whose principle business activity is to acquire and hold high-quality mineral assets with a focus in the Americas. We currently hold a high-quality portfolio of 18 mineral assets in Mexico and the United States. Ultimately our goal is to increase our portfolio to 40-50 mineral assets which will be comprised of gold, silver, copper, lead, zinc and nickel.
We intend to add value for our shareholders by eventually entering into earn-in agreements with third-parties who would move the assets forward while FF holds onto a residual interest which could be in the form of a royalty, metal stream, minority interest, and/or equity position in partner.
The founder and Chairman of FF is Mr. Keith Neumeyer who is also the co-founder of First Quantum Minerals Ltd. and is the founder of First Majestic Silver Corp. Mr. Neumeyer has an outstanding track record for delivering value for his shareholders. First Mining Finance is supported by First Majestic Silver Corp. which is one of the largest silver producers in the world.
http://www.firstminingfinance.com/
Einen akt.Meldung
war gut, wieder den akt. Stand vorgestern zu erfahren.Aber der Markt=Kurs ist angeödet von Globex.
Und ich kann es verstehen. Zuviel heiße Luft, zuviel könnte, täte, würde u. zuwenig konkrete Entwicklung.
Ein paar Einnahmen tun Globex ja gut, die Zink-Royalty läuft u. kleinere Royalties sind auch ein Zeichen, dass nicht alles komplett tot ist.
Allerdings sind das auch keine Meilensteine, sondern sorgen dafür dass das Licht nicht ausgeht. Bohrentwicklungen u. Akquisitionen gehen weiter nur über Aktienverwässerung u. hier beweist Globex noch keine Nachhaltigkeit. Sprich wir verbrennen Geld.
Was haltet Ihr von der Neugründung v. K.Neumeyer, E.Sprott u. R.Rule, ein "Minerals Bank", die entwickelte Projekte v. klammen Explorern/Juniors aufkauft ?
First Mining Finance Corp. (“FF”) is a mineral bank whose principle business activity is to acquire and hold high-quality mineral assets with a focus in the Americas. We currently hold a high-quality portfolio of 18 mineral assets in Mexico and the United States. Ultimately our goal is to increase our portfolio to 40-50 mineral assets which will be comprised of gold, silver, copper, lead, zinc and nickel.
We intend to add value for our shareholders by eventually entering into earn-in agreements with third-parties who would move the assets forward while FF holds onto a residual interest which could be in the form of a royalty, metal stream, minority interest, and/or equity position in partner.
The founder and Chairman of FF is Mr. Keith Neumeyer who is also the co-founder of First Quantum Minerals Ltd. and is the founder of First Majestic Silver Corp. Mr. Neumeyer has an outstanding track record for delivering value for his shareholders. First Mining Finance is supported by First Majestic Silver Corp. which is one of the largest silver producers in the world.
http://www.firstminingfinance.com/
Antwort auf Beitrag Nr.: 49.510.688 von muenchenguru am 07.04.15 18:45:42
Oben drüber waren noch ne Menge Tabellen u Turner Falls und Claims dort:
Globex staked a number of cells at the east end of the recently acquired Montgolfier gold property which now includes approximately 24 kilometers of the gold localizing Casa Berardi Break. The additional claims cover a geophysical anomaly of interest. Also in the Casa Berardi area in Estrées Township (Wawagosic Property), Globex staked 22 cells covering several areas of massive sulphide occurrences. Our research found that several areas displaying strong electromagnetic conductors with coincident magnetic highs have not been drilled. We have completed horizontal electromagnetic and magnetometer surveys over the most promising areas and outlined a number of anomalies.
Globex also acquired a large (40.6 sq.km) salt and potash licence located in Nova Scotia. (See press release dated April 7, 2015 for details)
In Tonnancour Township, Globex completed horizontal electromagnetic and magnetic surveys over four areas where an airborne EM survey indicated anomalies which may be within extensions of the geologic rock units that enclose the Tonnancour massive sulphide zone drilled in 2011 by Globex (See Press Releases dated August 8 and 11, 2011). Two of several drill holes returned 5.23% Cu, 13.12% Zn, 41.0 g/t Ag and 0.72 g/t Au over 4.23 metres and 5.02% Cu, 4.96% Zn, 35.7 g/t Ag and 0.75 g/t Au over 4.5 metres in intersections of typical Abitibi massive polymetallic sulphides. The new ground geophysics has defined several priority drill targets.
In the Rouyn-Noranda mining camp, Globex sold quarrying rights on three claims for $250,000. Globex maintains mineral and exploration rights below 100 metres in the quarry area as well as over the rest of the claims area including access rights.
At the Wood-Pandora property, near Cadillac Quebec, Globex with Canadian Malartic Corporation (Agnico Eagle Mines Ltd. and Yamana Gold Inc.) have recently completed an initial three holes drill program. Results will be announced when they all become available.
On our Timmins Talc Magnesite Project, Globex has drafted a new Business Plan in which capital costs have been reduced, improving the discounted NPV and after-tax IRR above those previously announced in the property's 2012 PFS. The Draft Business Plan was drawn up using internal and external expertise and data from the published PFS. The draft Business Plan offers Globex direction for the development of a new Technical Report when project finance options are identified. Currently, Globex is presenting the TTM project to select financing and investment groups in an effort to raise the funds to place the property into production. The investment climate is particularly challenging at this time and there is no certainty that the project can be financed in the current investment climate despite the compelling after tax IRR and discounted NPV.
In Nevada, Lincoln Mining Corporation returned the Bell Mountain gold-silver property to Laurion Minerals Exploration Inc. Laurion subsequently optioned the property to Boss Power Corporation, subject to due diligence and a final cash payment. Boss Power is focused upon placing the property into production. The Bell Mountain deposit is heap leachable and open pittable. Globex retains a 2% Gross Metal Royalty on production from the property when the gold price is between $500 and $1,200 per ounce and a 3% Gross Metal Royalty when it is $1,200 per ounce or above.
In the Gaspe region of Quebec, north of the town of New Richmond, Globex acquired a property with antimony and gold values. The New Richmond showing has historical assays of up to 43.75% Sb, 3.4 g/t Au and 4.5 g/t Ag in select samples (GSC Memoire 183). Other government files also report significant values in file GM 52893 such as the following: 3.39 g/t Au and 3.05 % Sb, 2.85 g/t Au and 4.56% Sb and 3.39 g/t Au and 3.05% Sb. Demand for antinomy is increasing as supplies dwindle.
On our Magusi-Fabie Bay polymetallic massive sulphide property, Mag Copper Ltd., which optioned the project from Globex, announced the signing of a non-binding letter of intent, subject to a 90 day due diligence period with AR2K Industries Ltd. and J.S. Redpath Ltd. If finalized, they will bulk sample the Magusi Cu, Zn, Au, Ag deposit and subject to the results, bring the Magusi deposit into production. Globex expects additional payments per the underlying option agreement and extensions, and retains a 3% Gross Metal Royalty on the property. (See Mag Copper press release dated April 2, 2015 for details). Mag Copper also recently undertook geophysical surveys on select areas of the large land package.
Tres-Or Resources Ltd. has made a $50,000 option payment to Globex as regards the Fontana gold property, east of Amos, Quebec and has signed a term sheet to vend up to 90% of Globex's Duvay gold property to Secova Metals Corp. Globex retains a 2% Gross Metal Royalty at a gold price above $800 per ounce as well as an annual minimum payment of $10,000.
On Globex's Massicotte Royalty Property (1% Gross Metal Royalty) previously sold to Adventure Gold, Adventure Gold has recently undertaken a 23.5km induced polarization survey. The Massicotte property is located east of Detour Gold Mine Property and specifically the Zone 58N and Zone 75 gold areas.
At our Normetmar zinc property, Globex compiled all previous drilling in the area of the zinc deposit and generated new drill cross sections. We continue to wait (3 years) for the Quebec Government to conclude the granting of certain mining claims for several claims east of our Normetmar claim block.
Initial surface sampling was undertaken at our new Moly Hill Mine Property. Value up to 3.14% Mo and 1.71%Bi were returned from surface grab samples. Bismuth (Bi) currently sells for over US$7.00 per pound and molybdenum oxide for over US$8.00 per pound. (Note: Grab samples are not representative of average mineral content but rather can show the presence of select elements.)
Four drill holes were completed on our Vauze property in order to test outlying geophysical conductors. Anomalous base metal values were encountered but no economic intersections. None of the drilling was in the area of the former mine.
On our Tiblemont property, recent drilling on the main linear gold localizing structure was incorporated into our data base and an additional drill program proposed.
Renforth Resources Inc. has commenced data compilation and modeling of data from Globex's Parbec gold property. This involves but is not limited to over 24,000m of drill logs and assays from over 100 drill holes, underground, technical and assay data and geophysical surveys.
As regards Eco Refractory Solutions, the underlying agreement had certain targets which in the current market environment have proven to be unachievable. This being the case, the venture has terminated.
At Globex's zinc royalty property in Tennessee operated by Nyrstar, production continues unabated. As the zinc price has remained over US$0.90 per pound, Globex continues to receive monthly royalty payments. As payments are in US funds and the Canadian dollar has fallen 20% against the US dollar, Globex receives 20% more in Canadian dollars. Royalty revenue from the Tennessee mine in 2014 was over one million dollars.
Neue NR von gestern über Neukäufe und Updates
http://web.tmxmoney.com/article.php?newsid=74626980&qm_symbo…Oben drüber waren noch ne Menge Tabellen u Turner Falls und Claims dort:
Globex staked a number of cells at the east end of the recently acquired Montgolfier gold property which now includes approximately 24 kilometers of the gold localizing Casa Berardi Break. The additional claims cover a geophysical anomaly of interest. Also in the Casa Berardi area in Estrées Township (Wawagosic Property), Globex staked 22 cells covering several areas of massive sulphide occurrences. Our research found that several areas displaying strong electromagnetic conductors with coincident magnetic highs have not been drilled. We have completed horizontal electromagnetic and magnetometer surveys over the most promising areas and outlined a number of anomalies.
Globex also acquired a large (40.6 sq.km) salt and potash licence located in Nova Scotia. (See press release dated April 7, 2015 for details)
In Tonnancour Township, Globex completed horizontal electromagnetic and magnetic surveys over four areas where an airborne EM survey indicated anomalies which may be within extensions of the geologic rock units that enclose the Tonnancour massive sulphide zone drilled in 2011 by Globex (See Press Releases dated August 8 and 11, 2011). Two of several drill holes returned 5.23% Cu, 13.12% Zn, 41.0 g/t Ag and 0.72 g/t Au over 4.23 metres and 5.02% Cu, 4.96% Zn, 35.7 g/t Ag and 0.75 g/t Au over 4.5 metres in intersections of typical Abitibi massive polymetallic sulphides. The new ground geophysics has defined several priority drill targets.
In the Rouyn-Noranda mining camp, Globex sold quarrying rights on three claims for $250,000. Globex maintains mineral and exploration rights below 100 metres in the quarry area as well as over the rest of the claims area including access rights.
At the Wood-Pandora property, near Cadillac Quebec, Globex with Canadian Malartic Corporation (Agnico Eagle Mines Ltd. and Yamana Gold Inc.) have recently completed an initial three holes drill program. Results will be announced when they all become available.
On our Timmins Talc Magnesite Project, Globex has drafted a new Business Plan in which capital costs have been reduced, improving the discounted NPV and after-tax IRR above those previously announced in the property's 2012 PFS. The Draft Business Plan was drawn up using internal and external expertise and data from the published PFS. The draft Business Plan offers Globex direction for the development of a new Technical Report when project finance options are identified. Currently, Globex is presenting the TTM project to select financing and investment groups in an effort to raise the funds to place the property into production. The investment climate is particularly challenging at this time and there is no certainty that the project can be financed in the current investment climate despite the compelling after tax IRR and discounted NPV.
In Nevada, Lincoln Mining Corporation returned the Bell Mountain gold-silver property to Laurion Minerals Exploration Inc. Laurion subsequently optioned the property to Boss Power Corporation, subject to due diligence and a final cash payment. Boss Power is focused upon placing the property into production. The Bell Mountain deposit is heap leachable and open pittable. Globex retains a 2% Gross Metal Royalty on production from the property when the gold price is between $500 and $1,200 per ounce and a 3% Gross Metal Royalty when it is $1,200 per ounce or above.
In the Gaspe region of Quebec, north of the town of New Richmond, Globex acquired a property with antimony and gold values. The New Richmond showing has historical assays of up to 43.75% Sb, 3.4 g/t Au and 4.5 g/t Ag in select samples (GSC Memoire 183). Other government files also report significant values in file GM 52893 such as the following: 3.39 g/t Au and 3.05 % Sb, 2.85 g/t Au and 4.56% Sb and 3.39 g/t Au and 3.05% Sb. Demand for antinomy is increasing as supplies dwindle.
On our Magusi-Fabie Bay polymetallic massive sulphide property, Mag Copper Ltd., which optioned the project from Globex, announced the signing of a non-binding letter of intent, subject to a 90 day due diligence period with AR2K Industries Ltd. and J.S. Redpath Ltd. If finalized, they will bulk sample the Magusi Cu, Zn, Au, Ag deposit and subject to the results, bring the Magusi deposit into production. Globex expects additional payments per the underlying option agreement and extensions, and retains a 3% Gross Metal Royalty on the property. (See Mag Copper press release dated April 2, 2015 for details). Mag Copper also recently undertook geophysical surveys on select areas of the large land package.
Tres-Or Resources Ltd. has made a $50,000 option payment to Globex as regards the Fontana gold property, east of Amos, Quebec and has signed a term sheet to vend up to 90% of Globex's Duvay gold property to Secova Metals Corp. Globex retains a 2% Gross Metal Royalty at a gold price above $800 per ounce as well as an annual minimum payment of $10,000.
On Globex's Massicotte Royalty Property (1% Gross Metal Royalty) previously sold to Adventure Gold, Adventure Gold has recently undertaken a 23.5km induced polarization survey. The Massicotte property is located east of Detour Gold Mine Property and specifically the Zone 58N and Zone 75 gold areas.
At our Normetmar zinc property, Globex compiled all previous drilling in the area of the zinc deposit and generated new drill cross sections. We continue to wait (3 years) for the Quebec Government to conclude the granting of certain mining claims for several claims east of our Normetmar claim block.
Initial surface sampling was undertaken at our new Moly Hill Mine Property. Value up to 3.14% Mo and 1.71%Bi were returned from surface grab samples. Bismuth (Bi) currently sells for over US$7.00 per pound and molybdenum oxide for over US$8.00 per pound. (Note: Grab samples are not representative of average mineral content but rather can show the presence of select elements.)
Four drill holes were completed on our Vauze property in order to test outlying geophysical conductors. Anomalous base metal values were encountered but no economic intersections. None of the drilling was in the area of the former mine.
On our Tiblemont property, recent drilling on the main linear gold localizing structure was incorporated into our data base and an additional drill program proposed.
Renforth Resources Inc. has commenced data compilation and modeling of data from Globex's Parbec gold property. This involves but is not limited to over 24,000m of drill logs and assays from over 100 drill holes, underground, technical and assay data and geophysical surveys.
As regards Eco Refractory Solutions, the underlying agreement had certain targets which in the current market environment have proven to be unachievable. This being the case, the venture has terminated.
At Globex's zinc royalty property in Tennessee operated by Nyrstar, production continues unabated. As the zinc price has remained over US$0.90 per pound, Globex continues to receive monthly royalty payments. As payments are in US funds and the Canadian dollar has fallen 20% against the US dollar, Globex receives 20% more in Canadian dollars. Royalty revenue from the Tennessee mine in 2014 was over one million dollars.
Hi Crystal,
danke fürs Einstellen der Mail von Jack.
Nichts neues soweit, auch keine Perspektive, leider.
Das Einstellen von EcoRefrac sehe ich als Niederlage
Die Notbremse ziehen ist aber wohl derzeit dennoch sinnvoll.
Dass dieses Projekt immer noch Resourcen bindet ist traurig genug, ich hätte mir da eher einen Selbstläufer vorgestellt.
Heute kam eine Akquisitions-Nachricht rein, für mich ohne Belang, insofern als ich dahinter keine Gesamtstrategie erkennen kann. Opportunity-Picking statt kontinuierliche Entwicklung. Ich kann nicht sagen dass es falsch ist, ich kann nur sagen, dass ich sehr enttäuscht bin, dass es an keiner Front voran geht,
nicht in Wood-Pandorra, nicht beim Timmins-Mg, Chibougamau u. sonst auch nicht.
Ist halt leider so, der Trost, dass wir nicht soschnell Pleite gehen, bleibt halt noch :-/
Vor kurzem noch die Meldung, dass es mit Mag irgendwie mit irgendwem vorangehen solle, lass ich mal weg.
Hier die Meldung der Akquisition von heute:
Globex Acquires Nova Scotia Potash/Salt Exploration Property
ROUYN-NORANDA, QUEBEC--(Marketwired - April 7, 2015) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired by cabinet Order in Council decree, 251 claims covering approximately 4,064 hectares (40.6 sq.km) or 10,042 acres (16.69 sq. miles) of prospective potash/salt exploration rights in Cape Breton, Nova Scotia.
The property covers the south-west end of Boularderie Island between Great Bras D'Or and the St. Andrews Channel and is within driving distance of Sydney, Nova Scotia and the Trans-Canada Highway. Potash was discovered on Boularderie Island in 1984 when the Nova Scotia Department of Mines and Energy intersected two intervals of potash in a stratigraphic test hole that is located at the south end of the island, near Kempt Head (NSDME Kempt Head No. 84-01; Boehner, 1986). The drill hole is located near the axis of the Boularderie Syncline which is a broad, open structure that is primarily defined by structural measurements of strata within the Morien Group.
Within the drill hole, a principal stratified salt zone occurs from 495m to 833m with potash intervals from 592.4m to 593.6m (3.8% K2O over 1.2m) and 744.2m to 749.2m (6.03% K2O over 5.0m). The drill hole established the presence of potash (and salt) within the formation where it was not previously known. This acquisition presents Globex with a large, unexplored potash-salt target.
To quote the Nova Scotia government report, "The occurrence of thick saline evaporates in Major Cycle 1 at the base of the Windsor Group indicates significant new potash potential in the Sydney Basin area." In addition, the report states "Actual K2O values are probably double the reported analysis due to extensive leaching of carnallite" (Nova Scotia Open File Report 93-006 by R.C. Boehner).
Should an economic deposit be outlined, the property would have the logistical advantage of direct access by ship to the Atlantic ocean for delivery of product to market, unlike current production from Western Canada that has additional significant land transportation and handling charges.
Globex is pleased to have acquired this exploration target. Worldwide potash production exceeds 59 million tonnes (source Uralkai per D.J. Hart for GE LookAhead, December 20, 2014) with its principal use being in fertilizers.
Potash is generally mined by shaft accessed underground bulk mining or via solution mining which injects hot water via drill holes into the potash layers and pumps dissolved potash to the surface where it is re-precipitated. Potash prices vary according to numerous factors. In the first quarter of 2015, prices for Canadian potash exceeded US$300.00 per metric tonne.
danke fürs Einstellen der Mail von Jack.
Nichts neues soweit, auch keine Perspektive, leider.
Das Einstellen von EcoRefrac sehe ich als Niederlage
Die Notbremse ziehen ist aber wohl derzeit dennoch sinnvoll.
Dass dieses Projekt immer noch Resourcen bindet ist traurig genug, ich hätte mir da eher einen Selbstläufer vorgestellt.
Heute kam eine Akquisitions-Nachricht rein, für mich ohne Belang, insofern als ich dahinter keine Gesamtstrategie erkennen kann. Opportunity-Picking statt kontinuierliche Entwicklung. Ich kann nicht sagen dass es falsch ist, ich kann nur sagen, dass ich sehr enttäuscht bin, dass es an keiner Front voran geht,
nicht in Wood-Pandorra, nicht beim Timmins-Mg, Chibougamau u. sonst auch nicht.
Ist halt leider so, der Trost, dass wir nicht soschnell Pleite gehen, bleibt halt noch :-/
Vor kurzem noch die Meldung, dass es mit Mag irgendwie mit irgendwem vorangehen solle, lass ich mal weg.
Hier die Meldung der Akquisition von heute:
Globex Acquires Nova Scotia Potash/Salt Exploration Property
ROUYN-NORANDA, QUEBEC--(Marketwired - April 7, 2015) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired by cabinet Order in Council decree, 251 claims covering approximately 4,064 hectares (40.6 sq.km) or 10,042 acres (16.69 sq. miles) of prospective potash/salt exploration rights in Cape Breton, Nova Scotia.
The property covers the south-west end of Boularderie Island between Great Bras D'Or and the St. Andrews Channel and is within driving distance of Sydney, Nova Scotia and the Trans-Canada Highway. Potash was discovered on Boularderie Island in 1984 when the Nova Scotia Department of Mines and Energy intersected two intervals of potash in a stratigraphic test hole that is located at the south end of the island, near Kempt Head (NSDME Kempt Head No. 84-01; Boehner, 1986). The drill hole is located near the axis of the Boularderie Syncline which is a broad, open structure that is primarily defined by structural measurements of strata within the Morien Group.
Within the drill hole, a principal stratified salt zone occurs from 495m to 833m with potash intervals from 592.4m to 593.6m (3.8% K2O over 1.2m) and 744.2m to 749.2m (6.03% K2O over 5.0m). The drill hole established the presence of potash (and salt) within the formation where it was not previously known. This acquisition presents Globex with a large, unexplored potash-salt target.
To quote the Nova Scotia government report, "The occurrence of thick saline evaporates in Major Cycle 1 at the base of the Windsor Group indicates significant new potash potential in the Sydney Basin area." In addition, the report states "Actual K2O values are probably double the reported analysis due to extensive leaching of carnallite" (Nova Scotia Open File Report 93-006 by R.C. Boehner).
Should an economic deposit be outlined, the property would have the logistical advantage of direct access by ship to the Atlantic ocean for delivery of product to market, unlike current production from Western Canada that has additional significant land transportation and handling charges.
Globex is pleased to have acquired this exploration target. Worldwide potash production exceeds 59 million tonnes (source Uralkai per D.J. Hart for GE LookAhead, December 20, 2014) with its principal use being in fertilizers.
Potash is generally mined by shaft accessed underground bulk mining or via solution mining which injects hot water via drill holes into the potash layers and pumps dissolved potash to the surface where it is re-precipitated. Potash prices vary according to numerous factors. In the first quarter of 2015, prices for Canadian potash exceeded US$300.00 per metric tonne.
Antwort auf Beitrag Nr.: 49.481.606 von crystalsonic am 02.04.15 08:10:09danke crystal, leider sind die fehlenden mittel das perma-problem von globex und ich fürchte, dass die neuen aquisitionen die gmx aktienanzahl wieder spürbar erhöhen wird. warum eco frac positive ergebnisse bringt und keiner will es haben, mag ich nicht so richtig verstehen - liegt möglicherweise in den augen des betrachters was den wert betrifft...
Antwort auf Beitrag Nr.: 49.429.028 von crystalsonic am 26.03.15 12:30:30
"Hi
Sorry for the delay but I have been traveling and we have been very busy .
As regards Wood-Pandora we are currently drilling. The Agnico Eagle/ Yamana guys are very cautious as regards drilling (in fact all work) and we are going ahead in phases rather than on a single large program. Currently we are drilling 3 holes. We will do the logging and analysis, present it to the group and then do the next phase. This is not the way we worked before but new partners, new concessions.
As regards Ironwood, we put it on the table as a mining project going forward. We have had no response as yet. It is complicated as Agnico Eagle owns 100% interest in the LaRonde mill (Yamana/Globex 0%) so they have to see, with their mining and milling people if our material can be accommodated. Lots of conflicting interests. Also they only own 25% interest in Ironwood so it is not going to be pushed in front of their other mining projects no matter how good the return.
As regards Eco Refractory, the project has been terminated. Despite our efforts and positive test results, we have not been able to move forward on any project. Juniors don’t have the money and majors are skeptical about hydrometallurgy to recover gold even when we show it works on their material. FRUSTRATING. Anyway we have to husband our money and efforts so we are not going to continue with this project.
Mag Copper are behind on some of their payments. We have given them extensions as they try to get the mill space to process the ore, a mining contractor and the go forward funds. Not an easy task.
As regards TTM, we are currently doing presentations in order to try to raise funds to finance production. Not an easy task in these markets. We have completed a new study with some changes in capital costs and end products. The IRR has improved again and the projected capital costs are significantly lower. We cannot publish the results as some of the work was done internally by our specialists but only major corporations can publish studies with internal content as NI 43-101 conformable. We are very pleased with the plan going forward but it all hinges upon getting the funds to build.
We are also acquiring some great assets which our competitors are dropping due to lack of funds. We may press release a list of the new acquisitions and why we acquired them.
We are also exploring on a number of projects. In particular doing ground geophysics and compiling geological, geophysical and geochemical data. Everyone is busy as hell and thankful to be busy unlike the majority of our fellows in the industry.
Anyway, we soldier on.
Best regards
Jack
"
Antwort erhalten ...
fyi Antwort von Jack ... ehrliches Gesamtbild und interessante Inforationen, vielen Dank an dieser Stelle nochmal an Jack ... vielleicht kriegen wir ja hier wieder etwas mehr Leben in den Thread ... an mir soll es nicht liegen 
"Hi
Sorry for the delay but I have been traveling and we have been very busy .
As regards Wood-Pandora we are currently drilling. The Agnico Eagle/ Yamana guys are very cautious as regards drilling (in fact all work) and we are going ahead in phases rather than on a single large program. Currently we are drilling 3 holes. We will do the logging and analysis, present it to the group and then do the next phase. This is not the way we worked before but new partners, new concessions.
As regards Ironwood, we put it on the table as a mining project going forward. We have had no response as yet. It is complicated as Agnico Eagle owns 100% interest in the LaRonde mill (Yamana/Globex 0%) so they have to see, with their mining and milling people if our material can be accommodated. Lots of conflicting interests. Also they only own 25% interest in Ironwood so it is not going to be pushed in front of their other mining projects no matter how good the return.
As regards Eco Refractory, the project has been terminated. Despite our efforts and positive test results, we have not been able to move forward on any project. Juniors don’t have the money and majors are skeptical about hydrometallurgy to recover gold even when we show it works on their material. FRUSTRATING. Anyway we have to husband our money and efforts so we are not going to continue with this project.
Mag Copper are behind on some of their payments. We have given them extensions as they try to get the mill space to process the ore, a mining contractor and the go forward funds. Not an easy task.
As regards TTM, we are currently doing presentations in order to try to raise funds to finance production. Not an easy task in these markets. We have completed a new study with some changes in capital costs and end products. The IRR has improved again and the projected capital costs are significantly lower. We cannot publish the results as some of the work was done internally by our specialists but only major corporations can publish studies with internal content as NI 43-101 conformable. We are very pleased with the plan going forward but it all hinges upon getting the funds to build.
We are also acquiring some great assets which our competitors are dropping due to lack of funds. We may press release a list of the new acquisitions and why we acquired them.
We are also exploring on a number of projects. In particular doing ground geophysics and compiling geological, geophysical and geochemical data. Everyone is busy as hell and thankful to be busy unlike the majority of our fellows in the industry.
Anyway, we soldier on.
Best regards
Jack
"
Trading Spotlight
Antwort auf Beitrag Nr.: 49.346.510 von muenchenguru am 16.03.15 23:30:03
Ich habe Jack vor einer Woche geschrieben und bisher keine Antwort erhalten ... hmmm ich höre heute nochmals nach
Grüße Sonic
Zink wieder deutlich über 0.90 Grenze
Zink hat gestern wieder die 2.100 USD Marke überschritten damit wieder ein wenig Reserve für unsere Royalty geschaffen.Ich habe Jack vor einer Woche geschrieben und bisher keine Antwort erhalten ... hmmm ich höre heute nochmals nach
Grüße Sonic
werde es mir durchlesen, danke Crystal
Antwort auf Beitrag Nr.: 49.051.979 von crystalsonic am 12.02.15 15:55:41
aufwachen!!! Also gestern Abend kam der neue Q4-2014 Report rein für das Geschäftsjahr 2014. Nachfolgend die Highlights:
Das erste Mal nennt Jack als Teil seiner Strategie neben TTM auch Produktion bei Wood-Pandora:
1. Advancing the Timmins Talc-Magnesite project towards production considering all options for optimizing the extraction and processing of the resource and obtaining the highest over-all value product lines;
2. Building an effective joint venture partnership with Canadian Malartic Exploration including establishing specific exploration objectives for the Pandora-Wood & Central Cadillac Property as well as moving towards production at the Ironwood deposit.
Highlights wesentliche Bilanz- und GuV Positionen:
Exploration expenses for the year totalled $2,431,902 (flow-through expenditures - $2,353,372) compared to$4,808,256 in 2013 (flow-through expenditures - $4,518,218).
At December 31, 2014, cash and cash equivalents totalled $1,826,573 (restricted funds - $1,594,860) compared to $2,255,112 in 2013 (restricted funds - $2,090,732).
Revenues for the year were $1,326,640 (Net Option Income - $306,408; Metal royalty income - $1,020,232) as compared to $750,209 in 2013 (Net Option Income - $680,687; Metal royalty income - $69,522).
In 2014, the total expenses of $8, 542,805 (2013 - $2,753,438) include an impairment provision of $7,132,983 (2013 - $1,082,969). After adjusting for the non-cash items (depreciation and amortization, share-based compensation, and impairment provisions), cash operating expenses were as follows; 2014 - $1,085,821; 2013 -$1,348,213.
Globex reported a net loss and comprehensive loss of $5,342,113 (2013 - $844,806). The change in the results as compared to the prior year is mainly a result in the decline in the fair value of equity investments and the increase in the impairment provisions.
Detailausführungen:
As a result of these reviews, in 2014, the Corporation recorded an impairment provision of $202,269 (December 31, 2013 - $69,779) against the carrying value of mineral properties as well as a provision of $6,930,714 (December 31, 2013 - $1,013,190) against deferred exploration expenses. The increase in the impairment provisions in 2014 reflects a combination of; the recent exploration activities, depressed metal prices, the increased challenges in negotiating option arrangements as junior mining companies are unable to raise equity, as well as regulatory and permitting challenges in advancing certain exploration projects.
As recommended under current accounting guidance, since the Corporation’s market capitalization of approximately $8.7M., at December 31, 2014 was less than the carrying value of the mining properties and deferred exploration of approximately $16.0 M., Management, has considered the reasons for this occurrence. In general, the Corporation’s share price has fallen similar to all Junior Mining Companies as since 2010 Investors have been selective and extremely risk averse. Junior mining companies in which a single shareholder owns a major share position have also seen their share price decline significantly. While Globex has an extensive portfolio of properties, a limited number of projects including TTM, the Cadillac Wood Joint Venture, and Lyndhurst represent in excess of 93% of the carrying value of total mining properties and deferred exploration expenses. Management believes that these projects have significant merit and the costs will be recovered.
TTM:
In 2014, $295,112 (2013 - $1,485,018) was spent on the TTM project with work focussed on completing additional drill core QEMSCAN analysis and continuation of the talc variability study. The Centre de Technologie Minerale et de Plasturgie (CTMP) located in Thetford Mines, Qc. completed talc flotation and micronizing work on thirty five composite samples from diamond drill holes. Plastic compounding and injection molding of this material has been completed. This test program was expected be completed late 2014 and to provide an assessment of TTM talc’s physical properties compared to existing talc products. The program is however still ongoing as several talc tests are being redone by CTMP, to verify the validity of current results.
During the fourth quarter, in addition to completing the variability testing, efforts were directed towards reviewing financing requirements and processing alternatives. Globex also received results of tests on samples of talc concentrate which sought to test for the presence of asbestos. Very strict international standards are set for the presence of asbestos contaminants in industrial products. It is critical that talc samples contain no asbestos. Thirty five (35) composite samples representing 1,679.7 metres of drill core were submitted for testing. Each sample represented an average core length of 48 m and an average horizontal core width of 30.8 m. Every concentrate sample analysis indicated that no asbestos was present. Globex is very pleased that TTM talc meets or exceeds these standards. The results confirm earlier test work by Globex which also showed that no asbestos was present in TTM talc samples.
Also in 2014, testing of a new application for the use of magnesia was started. The objective of the testing was to assess TTM magnesite’s suitability for other magnesia product streams. This information can be used in trade-off studies related to future ore processing options. The Corporation continues to review these applications.
During 2014 the Corporation continued analysing a series of financial models and scenarios using data from Globex's current PEA. These internal studies are designed to identify production “roll-out” options and project financing strategies.
Quebec:
During 2014, expenditures of $2,107,657 (2013 - $3,303,567) were incurred on Quebec exploration projects. The expenditures include follow-up drilling at the Eagle Mine, Smith-Zulapa, Tavernier-Tiblemont, Beauchastel-Rouyn and Pandora-Wood gold properties as well as drilling new targets at some of our more advanced VMS projects such as the Poirier Mine and Vauze Mine. Initial drilling was also completed at newer acquisitions (Eau Jaune Lake (Au), Champdoré (REE) and Rich Lake properties (gold/base metal). The Corporation also completed new sampling of 2006-2011 drill core from the Nordeau (East and West) gold project and the 2013 drill core from Turner Falls REE project. Field work including mapping and surface sampling was performed on the Duvan, Moly Hill, Preissac Moly and Turgeon Lake properties.
Beauchastel-Rouyn (Beauchastel/Rouyn) - a two-hole, 600 m drill program was completed in December. Drilling targeted geophysical anomalies along known gold bearing structures. Minor shear zones in both holes were intersected near the contact between the volcanic and the sediment units that presented weak alteration and mineralization in pyrite ± chalcopyrite ± arsenopyrite. Only anomalous gold between 100 to 250 ppb was reported in the drill holes.
Rich Lake (Montbray) - a two-hole, 752 m drill program was completed in December. The first drill hole targeted a pulse-EM anomaly detected from an historical hole. The second hole tested a geophysical anomaly at the same stratigraphic contact as tested with the first hole. Stringer mineralization consisting of pyrite and pyrrhotite with some sphalerite was observed in both holes. A five (5) meters and a nine and a half (9.5) meter intervals in hole RL-14-01 returned 0.11 % Zn from 108.1 m to 113.1 m and 0.13 % Zn from 116.0 m to 125.5 m respectively. In hole RL-14-02 returned 0.15 % Zn and 0.07 % Cu over 1.5 meters from 168.5 m to 170m. Further drilling of pulse-EM targets will be proposed in 2015 once additional surface mapping has been completed.
Vauze Mine (Dufresnoy) - a four-hole 1,449 m drill program to test geophysical anomalies along favorable stratigraphic contacts was completed in December. 1 m to 10 m wide altered and mineralized zones containing 2-3% pyrite and pyrrhotite (locally up to 20% sulfide) were encountered in three of the four holes. Hole V-14-01 returned 0.36 % Zn and 0.21 % Cu over 0.6 metre from 11.0 m to 11.6m as well as 1.1 g/t Au and 41.2 g/t Ag over 1.0 metre from 192.0 m to 193.0 m. Hole V-14-02 returned 1.03 % Zn and 0.38 % Cu over 1.04 meters from 27.16 m to 28.20 m as well as 0.13 % Zn over 0.93 metre from 278.0 m to 278.93 m. Hole V-14-03 returned 0.1 % Zn over 1.18 meters from 32.00 m to 33.18 m as well as 0.1 % Zn over 2.17 metre from 297.8 m to 299.97 m.
Champdoré (Champdoré /Razilly) - a 3-hole, 495 m drill program were completed in late August. Drilling tested the potential for rare earth elements (REE) associated with a possible alkaline intrusion outlined by a circular magnetic anomaly. The circular magnetic feature was determined to be a gabbroic, non-mineralized intrusion. No anomalous REE values were obtained. An assessment report has been completed. No further work is planned in 2015.
Duvan (Desmeloizes, La Reine) – field mapping and sampling was completed in July on the Duvan property. Assays did not return significant values. A geophysical survey is being considered in 2015 to test the Duvan mine copper horizon and a second target horizon.
Eau Jaune Lake - a 14 kilometer mag and IP survey was performed in February 2014 on newly acquired claims along the possible extension of the Monster Lake Gold corridor. A series of conductors were identified. This work follows a geophysical survey done on the southern part of the property in February 2013. A 2-hole 804 m drill program was completed in February 2014 testing some of the geophysical anomalies identified in 2013. Conductors were explained by the presence of sulfides and graphite in shear zones. No gold values were associated with the shear zones. Field visits were completed during the summer to verify the new conductors identified during the February 2014 survey. Further work will be considered in 2016.
Eagle Mine - a 2-hole 1,450 m drill program, completed in April, targeted a mineralized zone 100 m away from Eagle Mine deposit. The first hole intersected a sulfide zone similar to what has been mined at the Eagle Mine. This zone returned an interval of 4.11 gpt Au over 7.2 m. The second hole also intersected the same mineralized zone but returning lower grade than the first hole (1.00 gpt Au over 7.0 m). Further work will be considered based on 2015 budget priorities.
Lyndhurst Mine (Destor/Poularies) - work to re-evaluate deep stratigraphic drilling at the Moses VMS zone and the under-explored eastern sector of the property continued in 2014. Rehabilitation work in connection with the exploration program on the Lyndhurst property continued at the old mine site and will be completed in 2015 with re-vegetation of closed areas. Surface water tests will then be taken twice a year to monitor local water quality at the site. New work will be considered based on 2015 budget priorities.
Moly Hill (La Motte) – grab sampling was completed in October on the property to verify historical tantalum values. Assay values did not return anomalous tantalum but one sample returned 1.71 % Bi (Bismuth) and a second sample returned 3.14 % Mo (Molybdenum). Follow-up of these results will include detailed mapping and sampling in 2015.
Nordeau (Vaquelin/Pershing) - after reviewing previous option holder Plato Gold Corp. drilling results obtained from 2006 to 2011, over 1,500 m of untested core was sampled to close mineralized zones and to fill gaps between isolated gold intersections. Best individual results returned up to 8.13 gpt Au over 1.0 m. Two mineralized zones, not previously sampled in hole PG-06-21, returned 1.50 gpt Au over 11.8 m and 1.13 gpt Au over 9.0 m. No additional work is contemplated in 2015.
Poirier Mine (Poirier/Joutel) - a two-hole, 1,312 m drill program to test the Q zone at depth and a satellite ore body south of the Q zone was completed in August. Best results came from hole P-14-002 intersecting massive sulphide mineralization grading 4.95 % Zn and 8.98 gpt Ag over 6.47 m including 7.48 % Zn and 12.61 gpt Ag over 3.23 m. No work is currently planned for 2015.
Preissac Moly (Preissac) – In May, thirty five samples were taken from the tailings impoundment of the former Preissac Moly mine along a fifty by fifty m grid to verify if there were any interesting metals concentrations left in the tailings material. Only three samples returned values greater than 0.1 % molybdenum and five samples returned values greater than 0.02 % bismuth. No work is planned for 2015.
Smith-Zulapa (Tiblemont) - a four hole 645 m drill program to test the lateral extension of the Smith–Zulapa mineralization was completed in August. The best results were intersected in hole SZ-14-03 (1.68 gpt Au over 1.5 m) and in hole SZ-14-04 (5.97 gpt Au over 1.5 m). The shear zones show lateral continuity to the west in the granodiorite host rock but the mineralization in these structures returned lower grades than nearby historical values. No work is planned for 2015.
Tiblemont-Tavernier (Tiblemont) - a four hole 735 m drill program was performed during July and August. Two holes tested the Maufort shear zone southern extension and the other two holes tested the lateral extension of the Blair showing. The drilling at these two prospects did not return any gold values. Future efforts will be concentrated in areas where previous drilling by Globex returned economic intersections of gold grade and width.
Turgeon Lake (Lavergne) – Field mapping and sampling was completed in October on the Turgeon Lake property. Assays did not return significant values. No additional work is planned for 2015.
Turner Falls (Villedieu/Senezergues) - Studies are on-going to reconcile the analytical results derived from Globex’s high grade surface assays (commonly up to several percent TREO & Y2O3), as confirmed by detailed petrographic/microprobe analyses, and the lower REE metal concentrations obtained in 2013 drill core. In 2014 more samples from 2013 drill core were taken and sent for analysis. Several assays returned values ranging from 1200 to 4800 ppm TREO & Y2O3. The best intersection come from hole TF-13-04 returning 0.357% TREO & Y2O3 over 8.04 m. New analyses did not resolve the difference between the surface and drilled areas but may suggest a horizontal zonation of REE mineralization. Also in 2014, Globex staked several high grade rare earth occurrences adjacent to the property. In 2015, Globex will review and compile information from recent acquisitions and update interpretation of the deposit based on recent analytical results.
Pandora - Wood (Cadillac) - a four-hole drill program totaling 2,637 m was completed in April. This program targeted possible extensions of some of the better 2012 and 2013 drill campaign gold intersections. One additional hole (W14-113) was drilled in September replacing a previously planned surface sampling program and completing 2014 annual property assessment work requirements. The high-grade gold intersections from the 2012-2013 programs were not repeated (not uncommon with free gold), but the mineralized structures identified in previous drilling were intersected, showing continuity at depth. Pandora-Wood constitutes one of Globex’s priority gold properties and is located several km west of the currently producing Agnico Eagle Lapa Gold Mine, also located along the prolific gold localizing Cadillac Break. During the first quarter, joint venture partner Osisko accepted a takeover offer from Yamana Gold Inc. and Agnico Eagle Mines Limited. In the second quarter, the takeover was completed and Globex welcomed the Canadian Malartic Partnership as Globex’s new partner on this project. At year end, Globex and Canadian Malartic met to discuss objectives for the 2015 exploration campaign.
Akquisitionen:
As announced in a press release on August 27, 2014, Globex acquired 100% interest in the Santa Anna gold deposit located in La Reine Township, Quebec near the town of La Sarre. Two separate transactions were completed in order to acquire the property. A total of 450,000 shares and 150,000 share purchase warrants were issued to two vendors. The warrants are exercisable for Globex shares at a price of $0.45 per share for a period of two years.
Recent acquisitions include the Moly Hill property which has a historical non NI 43-101 resource reported in Quebec government files as 269,000 tons grading 0.13% Mo. There are historical references to disseminated mineralization (bismuth) underlying the molybdenite zone which Globex has briefly tested in 2014.
Globex also acquired the Silidor Gold Mine property at Rouyn-Noranda from which 2,948,000 tonnes of ore grading 5.08 g/t Au has been extracted. The Corporation plans to compile all available information and review the Silidor and Santa Anna projects to determine the opportunities for increasing and qualifying resources at the properties.
Globex acquired two silica properties by staking, one of which, the Lac de la Grosse Femelle, was sold indirectly to Rogue Resources Inc. for 1,000,000 shares, incurred costs and a 1% Net Smelter Return (NSR). This arrangement is currently being finalized. The other, the Lac Ha!Ha! Property was sold to Midatlantic Minerals Inc. for annual advance royalty payments and a $1.25 per ton royalty.
In December, Globex acquired the Montgolfier Property located in Orvilliers and Montgolfier Townships Quebec, east and on strike of the Casa Berardi Gold Mine currently being mined by Hecla Mining Corporation. This advanced, strategically located property is made up of 118 cells (5,911 ha/14,607 acres) was acquired subject to a 2% NSR to the underlying vendors. At December 31, 2013, Hecla reported Proven and Probable Reserves of 9,039,000 tons at 0.15 oz/T Au – Measured and Indicated Resources of 11,881,000 tons at 0.12 oz/T Au and Inferred Resources of 3,726,000 tons at 0.16 oz/T Au. The property also adjoins the Estrades Mine property where Cogitore Resources Inc. reported in 2008 that a resource of 709,172 tonnes grading 9.8% Zn, 0.8% Cu, 5.0 g/t Au and 163 g/t Ag remains after mining 174,946 tonnes grading 13.0% Zn, 1.1% Cu, 6.4 g/t Au and 172 g/t Ag from July 1990 to May 1991.
2015 Plans Exploration:
In 2015 Exploration activities will include continued follow-up on positive drilling results at Pandora-Wood in the North Break and Cadillac Iron formation zones. Drilling is also planned on advanced projects including Tiblemont-Tavernier and Joubel-Joutel. Several geophysical surveys are planned to better define some previously identified targets on several projects including Duvan, Tonnancour, Soisson and New Marlon. Results from these surveys may lead to drilling in the second half of 2015. Compilation and field work including mapping and sampling are planned on the Corporation’s newest acquisitions such as Moly Hill, Santa Anna, Silidor, Montgolfier and Ontario Lake.
Sales and Options:
In 2014, Globex generated option revenue from 2 new agreements (2013 – 4 agreements) and 3 ongoing agreements (2013 – 5 agreements). These arrangement resulted in gross option income of $349,250 (2013 - $780,500) which includes cash of $327,500 and the initial fair market value of shares of $21,750 (50,000 Integra Gold Corp shares - $9,750; 300,000 Vantex Resources Ltd shares - $12,000). The gross option income was offset by the recovery of property acquisition costs of $505 and exploration expenses of $42,337 resulting in net option income of $306,408 (2013 - $680,687). The 2013 Net Option income also included the sale of major claims blocks to Chibougamau Independent Mines Inc. for $350,000 with no comparable sales in 2014.
On October 14, 2014, Globex entered into an agreement with Midatlantic Minerals Inc. (“Midatlantic”) which would enable it to acquire five cells (HA!HA! Silica property, located in Boileau Township, Quebec) from Globex. The agreement provides for the payment of an advanced production royalty of $10,000 per year commencing on October 14, 2015 and an ongoing royalty of $1.25 per ton of rock mined and removed or sold from both the Globex cells and the adjoining Midatlantic cells. In the first four years of production minimum royalty payments of $10,000, $15,000, $20,000, $25,000 per year are guaranteed and $25,000 per year thereafter.
On January 29, 2015, Globex signed a letter of intent with Renforth Resources Inc. which would enable Renforth to acquire 100% of Globex’s Parbec Project. Under the arrangement, Renforth would commit to; (a) spend $4 million on the property; (b) issue 2 million common share of Renforth to Globex; and (c) make cash payments to Globex totalling $550,000 over a 4 year period. The proposal includes a sliding scale gross metal royalty depending upon the price of gold. Based on the current option agreements which are in place, in 2015, Globex expects to receive cash option payments of $350,000, shares with an estimated fair value of $30,000 and advance royalty payments of $80,000.
Abschreibungen Projekte:
In the fourth quarter of 2014, the Corporation recorded a write-down of mineral properties and deferred exploration expenses of $6,941,186 (2013 - $920,884).
Hierbei wurden abgeschrieben:
Turner Falls 1.3mCAD
Tavernier Tiblemont Fish (Tavernier / Tavernier) 1.0mCAD
Tonnancour (Tonnancour & Josselin Twps / Tonnancour) 0.9m CAD
Beauchastel - Rouyn (Beauchastel / Beauchastel) 0.6mCAD
While the Corporation has made an impairment provision against these properties, management believes that a recovery will take place in the near future with the result that a substantial portion, if not all of the retained costs will be recovered through option arrangements or outright sales.
Working Capital:
At December 31, 2014, the Corporation had cash and cash equivalents of $231,713 (December 31, 2013 - $164,380) and cash reserved for exploration of $1,594,860 (December 31, 2013 - $2,090,732). Investments of $305,632 (December 31, 2013 - $942,801) mainly reflect shares, recorded at fair value, in optionee companies received as consideration under mining option agreements.
At December 31, 2014, the Corporation’s working capital (based on current assets minus current liabilities) was $2,233,595 (December 31, 2013 - $2,765,352). The Corporation believes that based on the current cash and working capital position and its access to liquidity sources, it has sufficient resources readily available to meet its current exploration spending commitments and corporate and administrative requirements for the next twelve months.
Outlook:
Despite the publication of a positive Preliminary Economic Assessment and receipt of our mining lease on our Timmins Talc-Magnesite project, raising funds to complete a Preliminary Feasibility Study and to undertake the first phase of construction for the project is proving challenging. We have received significant interest, but have yet to raise all the necessary funds.
Although challenged by the scarcity of financing which impacts other junior mining companies, we have benefited from the recent increases in zinc prices which have generated a significant stream of monthly royalties to fund our operations. Based on various mining analyst reports which indicate that zinc prices will strengthen in 2015 and 2016 partially as a result of the scheduled closures of the Century Mine and the Lisheen Mine, we believe that the current zinc prices will remain in effect for 2015 and therefore we will continue to receive significant metal royalties from Nyrstar.
Although hampered by, the challenges in the junior mining sector, Globex believes it is well positioned with a combination of first class assets as well as the human and corporate resources necessary to achieve our strategic objectives.
In addition, we are concentrating on acquiring additional assets which are undervalued due to current difficult market conditions.
Lastly, we are actively exploring a number of our properties and will undertake significant drill programs later in the year.
Neues MD&A Q4/2014 und Geschäftsjahr 2014
Guten Morgen liebe Globexianer,aufwachen!!! Also gestern Abend kam der neue Q4-2014 Report rein für das Geschäftsjahr 2014. Nachfolgend die Highlights:
Das erste Mal nennt Jack als Teil seiner Strategie neben TTM auch Produktion bei Wood-Pandora:
1. Advancing the Timmins Talc-Magnesite project towards production considering all options for optimizing the extraction and processing of the resource and obtaining the highest over-all value product lines;
2. Building an effective joint venture partnership with Canadian Malartic Exploration including establishing specific exploration objectives for the Pandora-Wood & Central Cadillac Property as well as moving towards production at the Ironwood deposit.
Highlights wesentliche Bilanz- und GuV Positionen:
Exploration expenses for the year totalled $2,431,902 (flow-through expenditures - $2,353,372) compared to$4,808,256 in 2013 (flow-through expenditures - $4,518,218).
At December 31, 2014, cash and cash equivalents totalled $1,826,573 (restricted funds - $1,594,860) compared to $2,255,112 in 2013 (restricted funds - $2,090,732).
Revenues for the year were $1,326,640 (Net Option Income - $306,408; Metal royalty income - $1,020,232) as compared to $750,209 in 2013 (Net Option Income - $680,687; Metal royalty income - $69,522).
In 2014, the total expenses of $8, 542,805 (2013 - $2,753,438) include an impairment provision of $7,132,983 (2013 - $1,082,969). After adjusting for the non-cash items (depreciation and amortization, share-based compensation, and impairment provisions), cash operating expenses were as follows; 2014 - $1,085,821; 2013 -$1,348,213.
Globex reported a net loss and comprehensive loss of $5,342,113 (2013 - $844,806). The change in the results as compared to the prior year is mainly a result in the decline in the fair value of equity investments and the increase in the impairment provisions.
Detailausführungen:
As a result of these reviews, in 2014, the Corporation recorded an impairment provision of $202,269 (December 31, 2013 - $69,779) against the carrying value of mineral properties as well as a provision of $6,930,714 (December 31, 2013 - $1,013,190) against deferred exploration expenses. The increase in the impairment provisions in 2014 reflects a combination of; the recent exploration activities, depressed metal prices, the increased challenges in negotiating option arrangements as junior mining companies are unable to raise equity, as well as regulatory and permitting challenges in advancing certain exploration projects.
As recommended under current accounting guidance, since the Corporation’s market capitalization of approximately $8.7M., at December 31, 2014 was less than the carrying value of the mining properties and deferred exploration of approximately $16.0 M., Management, has considered the reasons for this occurrence. In general, the Corporation’s share price has fallen similar to all Junior Mining Companies as since 2010 Investors have been selective and extremely risk averse. Junior mining companies in which a single shareholder owns a major share position have also seen their share price decline significantly. While Globex has an extensive portfolio of properties, a limited number of projects including TTM, the Cadillac Wood Joint Venture, and Lyndhurst represent in excess of 93% of the carrying value of total mining properties and deferred exploration expenses. Management believes that these projects have significant merit and the costs will be recovered.
TTM:
In 2014, $295,112 (2013 - $1,485,018) was spent on the TTM project with work focussed on completing additional drill core QEMSCAN analysis and continuation of the talc variability study. The Centre de Technologie Minerale et de Plasturgie (CTMP) located in Thetford Mines, Qc. completed talc flotation and micronizing work on thirty five composite samples from diamond drill holes. Plastic compounding and injection molding of this material has been completed. This test program was expected be completed late 2014 and to provide an assessment of TTM talc’s physical properties compared to existing talc products. The program is however still ongoing as several talc tests are being redone by CTMP, to verify the validity of current results.
During the fourth quarter, in addition to completing the variability testing, efforts were directed towards reviewing financing requirements and processing alternatives. Globex also received results of tests on samples of talc concentrate which sought to test for the presence of asbestos. Very strict international standards are set for the presence of asbestos contaminants in industrial products. It is critical that talc samples contain no asbestos. Thirty five (35) composite samples representing 1,679.7 metres of drill core were submitted for testing. Each sample represented an average core length of 48 m and an average horizontal core width of 30.8 m. Every concentrate sample analysis indicated that no asbestos was present. Globex is very pleased that TTM talc meets or exceeds these standards. The results confirm earlier test work by Globex which also showed that no asbestos was present in TTM talc samples.
Also in 2014, testing of a new application for the use of magnesia was started. The objective of the testing was to assess TTM magnesite’s suitability for other magnesia product streams. This information can be used in trade-off studies related to future ore processing options. The Corporation continues to review these applications.
During 2014 the Corporation continued analysing a series of financial models and scenarios using data from Globex's current PEA. These internal studies are designed to identify production “roll-out” options and project financing strategies.
Quebec:
During 2014, expenditures of $2,107,657 (2013 - $3,303,567) were incurred on Quebec exploration projects. The expenditures include follow-up drilling at the Eagle Mine, Smith-Zulapa, Tavernier-Tiblemont, Beauchastel-Rouyn and Pandora-Wood gold properties as well as drilling new targets at some of our more advanced VMS projects such as the Poirier Mine and Vauze Mine. Initial drilling was also completed at newer acquisitions (Eau Jaune Lake (Au), Champdoré (REE) and Rich Lake properties (gold/base metal). The Corporation also completed new sampling of 2006-2011 drill core from the Nordeau (East and West) gold project and the 2013 drill core from Turner Falls REE project. Field work including mapping and surface sampling was performed on the Duvan, Moly Hill, Preissac Moly and Turgeon Lake properties.
Beauchastel-Rouyn (Beauchastel/Rouyn) - a two-hole, 600 m drill program was completed in December. Drilling targeted geophysical anomalies along known gold bearing structures. Minor shear zones in both holes were intersected near the contact between the volcanic and the sediment units that presented weak alteration and mineralization in pyrite ± chalcopyrite ± arsenopyrite. Only anomalous gold between 100 to 250 ppb was reported in the drill holes.
Rich Lake (Montbray) - a two-hole, 752 m drill program was completed in December. The first drill hole targeted a pulse-EM anomaly detected from an historical hole. The second hole tested a geophysical anomaly at the same stratigraphic contact as tested with the first hole. Stringer mineralization consisting of pyrite and pyrrhotite with some sphalerite was observed in both holes. A five (5) meters and a nine and a half (9.5) meter intervals in hole RL-14-01 returned 0.11 % Zn from 108.1 m to 113.1 m and 0.13 % Zn from 116.0 m to 125.5 m respectively. In hole RL-14-02 returned 0.15 % Zn and 0.07 % Cu over 1.5 meters from 168.5 m to 170m. Further drilling of pulse-EM targets will be proposed in 2015 once additional surface mapping has been completed.
Vauze Mine (Dufresnoy) - a four-hole 1,449 m drill program to test geophysical anomalies along favorable stratigraphic contacts was completed in December. 1 m to 10 m wide altered and mineralized zones containing 2-3% pyrite and pyrrhotite (locally up to 20% sulfide) were encountered in three of the four holes. Hole V-14-01 returned 0.36 % Zn and 0.21 % Cu over 0.6 metre from 11.0 m to 11.6m as well as 1.1 g/t Au and 41.2 g/t Ag over 1.0 metre from 192.0 m to 193.0 m. Hole V-14-02 returned 1.03 % Zn and 0.38 % Cu over 1.04 meters from 27.16 m to 28.20 m as well as 0.13 % Zn over 0.93 metre from 278.0 m to 278.93 m. Hole V-14-03 returned 0.1 % Zn over 1.18 meters from 32.00 m to 33.18 m as well as 0.1 % Zn over 2.17 metre from 297.8 m to 299.97 m.
Champdoré (Champdoré /Razilly) - a 3-hole, 495 m drill program were completed in late August. Drilling tested the potential for rare earth elements (REE) associated with a possible alkaline intrusion outlined by a circular magnetic anomaly. The circular magnetic feature was determined to be a gabbroic, non-mineralized intrusion. No anomalous REE values were obtained. An assessment report has been completed. No further work is planned in 2015.
Duvan (Desmeloizes, La Reine) – field mapping and sampling was completed in July on the Duvan property. Assays did not return significant values. A geophysical survey is being considered in 2015 to test the Duvan mine copper horizon and a second target horizon.
Eau Jaune Lake - a 14 kilometer mag and IP survey was performed in February 2014 on newly acquired claims along the possible extension of the Monster Lake Gold corridor. A series of conductors were identified. This work follows a geophysical survey done on the southern part of the property in February 2013. A 2-hole 804 m drill program was completed in February 2014 testing some of the geophysical anomalies identified in 2013. Conductors were explained by the presence of sulfides and graphite in shear zones. No gold values were associated with the shear zones. Field visits were completed during the summer to verify the new conductors identified during the February 2014 survey. Further work will be considered in 2016.
Eagle Mine - a 2-hole 1,450 m drill program, completed in April, targeted a mineralized zone 100 m away from Eagle Mine deposit. The first hole intersected a sulfide zone similar to what has been mined at the Eagle Mine. This zone returned an interval of 4.11 gpt Au over 7.2 m. The second hole also intersected the same mineralized zone but returning lower grade than the first hole (1.00 gpt Au over 7.0 m). Further work will be considered based on 2015 budget priorities.
Lyndhurst Mine (Destor/Poularies) - work to re-evaluate deep stratigraphic drilling at the Moses VMS zone and the under-explored eastern sector of the property continued in 2014. Rehabilitation work in connection with the exploration program on the Lyndhurst property continued at the old mine site and will be completed in 2015 with re-vegetation of closed areas. Surface water tests will then be taken twice a year to monitor local water quality at the site. New work will be considered based on 2015 budget priorities.
Moly Hill (La Motte) – grab sampling was completed in October on the property to verify historical tantalum values. Assay values did not return anomalous tantalum but one sample returned 1.71 % Bi (Bismuth) and a second sample returned 3.14 % Mo (Molybdenum). Follow-up of these results will include detailed mapping and sampling in 2015.
Nordeau (Vaquelin/Pershing) - after reviewing previous option holder Plato Gold Corp. drilling results obtained from 2006 to 2011, over 1,500 m of untested core was sampled to close mineralized zones and to fill gaps between isolated gold intersections. Best individual results returned up to 8.13 gpt Au over 1.0 m. Two mineralized zones, not previously sampled in hole PG-06-21, returned 1.50 gpt Au over 11.8 m and 1.13 gpt Au over 9.0 m. No additional work is contemplated in 2015.
Poirier Mine (Poirier/Joutel) - a two-hole, 1,312 m drill program to test the Q zone at depth and a satellite ore body south of the Q zone was completed in August. Best results came from hole P-14-002 intersecting massive sulphide mineralization grading 4.95 % Zn and 8.98 gpt Ag over 6.47 m including 7.48 % Zn and 12.61 gpt Ag over 3.23 m. No work is currently planned for 2015.
Preissac Moly (Preissac) – In May, thirty five samples were taken from the tailings impoundment of the former Preissac Moly mine along a fifty by fifty m grid to verify if there were any interesting metals concentrations left in the tailings material. Only three samples returned values greater than 0.1 % molybdenum and five samples returned values greater than 0.02 % bismuth. No work is planned for 2015.
Smith-Zulapa (Tiblemont) - a four hole 645 m drill program to test the lateral extension of the Smith–Zulapa mineralization was completed in August. The best results were intersected in hole SZ-14-03 (1.68 gpt Au over 1.5 m) and in hole SZ-14-04 (5.97 gpt Au over 1.5 m). The shear zones show lateral continuity to the west in the granodiorite host rock but the mineralization in these structures returned lower grades than nearby historical values. No work is planned for 2015.
Tiblemont-Tavernier (Tiblemont) - a four hole 735 m drill program was performed during July and August. Two holes tested the Maufort shear zone southern extension and the other two holes tested the lateral extension of the Blair showing. The drilling at these two prospects did not return any gold values. Future efforts will be concentrated in areas where previous drilling by Globex returned economic intersections of gold grade and width.
Turgeon Lake (Lavergne) – Field mapping and sampling was completed in October on the Turgeon Lake property. Assays did not return significant values. No additional work is planned for 2015.
Turner Falls (Villedieu/Senezergues) - Studies are on-going to reconcile the analytical results derived from Globex’s high grade surface assays (commonly up to several percent TREO & Y2O3), as confirmed by detailed petrographic/microprobe analyses, and the lower REE metal concentrations obtained in 2013 drill core. In 2014 more samples from 2013 drill core were taken and sent for analysis. Several assays returned values ranging from 1200 to 4800 ppm TREO & Y2O3. The best intersection come from hole TF-13-04 returning 0.357% TREO & Y2O3 over 8.04 m. New analyses did not resolve the difference between the surface and drilled areas but may suggest a horizontal zonation of REE mineralization. Also in 2014, Globex staked several high grade rare earth occurrences adjacent to the property. In 2015, Globex will review and compile information from recent acquisitions and update interpretation of the deposit based on recent analytical results.
Pandora - Wood (Cadillac) - a four-hole drill program totaling 2,637 m was completed in April. This program targeted possible extensions of some of the better 2012 and 2013 drill campaign gold intersections. One additional hole (W14-113) was drilled in September replacing a previously planned surface sampling program and completing 2014 annual property assessment work requirements. The high-grade gold intersections from the 2012-2013 programs were not repeated (not uncommon with free gold), but the mineralized structures identified in previous drilling were intersected, showing continuity at depth. Pandora-Wood constitutes one of Globex’s priority gold properties and is located several km west of the currently producing Agnico Eagle Lapa Gold Mine, also located along the prolific gold localizing Cadillac Break. During the first quarter, joint venture partner Osisko accepted a takeover offer from Yamana Gold Inc. and Agnico Eagle Mines Limited. In the second quarter, the takeover was completed and Globex welcomed the Canadian Malartic Partnership as Globex’s new partner on this project. At year end, Globex and Canadian Malartic met to discuss objectives for the 2015 exploration campaign.
Akquisitionen:
As announced in a press release on August 27, 2014, Globex acquired 100% interest in the Santa Anna gold deposit located in La Reine Township, Quebec near the town of La Sarre. Two separate transactions were completed in order to acquire the property. A total of 450,000 shares and 150,000 share purchase warrants were issued to two vendors. The warrants are exercisable for Globex shares at a price of $0.45 per share for a period of two years.
Recent acquisitions include the Moly Hill property which has a historical non NI 43-101 resource reported in Quebec government files as 269,000 tons grading 0.13% Mo. There are historical references to disseminated mineralization (bismuth) underlying the molybdenite zone which Globex has briefly tested in 2014.
Globex also acquired the Silidor Gold Mine property at Rouyn-Noranda from which 2,948,000 tonnes of ore grading 5.08 g/t Au has been extracted. The Corporation plans to compile all available information and review the Silidor and Santa Anna projects to determine the opportunities for increasing and qualifying resources at the properties.
Globex acquired two silica properties by staking, one of which, the Lac de la Grosse Femelle, was sold indirectly to Rogue Resources Inc. for 1,000,000 shares, incurred costs and a 1% Net Smelter Return (NSR). This arrangement is currently being finalized. The other, the Lac Ha!Ha! Property was sold to Midatlantic Minerals Inc. for annual advance royalty payments and a $1.25 per ton royalty.
In December, Globex acquired the Montgolfier Property located in Orvilliers and Montgolfier Townships Quebec, east and on strike of the Casa Berardi Gold Mine currently being mined by Hecla Mining Corporation. This advanced, strategically located property is made up of 118 cells (5,911 ha/14,607 acres) was acquired subject to a 2% NSR to the underlying vendors. At December 31, 2013, Hecla reported Proven and Probable Reserves of 9,039,000 tons at 0.15 oz/T Au – Measured and Indicated Resources of 11,881,000 tons at 0.12 oz/T Au and Inferred Resources of 3,726,000 tons at 0.16 oz/T Au. The property also adjoins the Estrades Mine property where Cogitore Resources Inc. reported in 2008 that a resource of 709,172 tonnes grading 9.8% Zn, 0.8% Cu, 5.0 g/t Au and 163 g/t Ag remains after mining 174,946 tonnes grading 13.0% Zn, 1.1% Cu, 6.4 g/t Au and 172 g/t Ag from July 1990 to May 1991.
2015 Plans Exploration:
In 2015 Exploration activities will include continued follow-up on positive drilling results at Pandora-Wood in the North Break and Cadillac Iron formation zones. Drilling is also planned on advanced projects including Tiblemont-Tavernier and Joubel-Joutel. Several geophysical surveys are planned to better define some previously identified targets on several projects including Duvan, Tonnancour, Soisson and New Marlon. Results from these surveys may lead to drilling in the second half of 2015. Compilation and field work including mapping and sampling are planned on the Corporation’s newest acquisitions such as Moly Hill, Santa Anna, Silidor, Montgolfier and Ontario Lake.
Sales and Options:
In 2014, Globex generated option revenue from 2 new agreements (2013 – 4 agreements) and 3 ongoing agreements (2013 – 5 agreements). These arrangement resulted in gross option income of $349,250 (2013 - $780,500) which includes cash of $327,500 and the initial fair market value of shares of $21,750 (50,000 Integra Gold Corp shares - $9,750; 300,000 Vantex Resources Ltd shares - $12,000). The gross option income was offset by the recovery of property acquisition costs of $505 and exploration expenses of $42,337 resulting in net option income of $306,408 (2013 - $680,687). The 2013 Net Option income also included the sale of major claims blocks to Chibougamau Independent Mines Inc. for $350,000 with no comparable sales in 2014.
On October 14, 2014, Globex entered into an agreement with Midatlantic Minerals Inc. (“Midatlantic”) which would enable it to acquire five cells (HA!HA! Silica property, located in Boileau Township, Quebec) from Globex. The agreement provides for the payment of an advanced production royalty of $10,000 per year commencing on October 14, 2015 and an ongoing royalty of $1.25 per ton of rock mined and removed or sold from both the Globex cells and the adjoining Midatlantic cells. In the first four years of production minimum royalty payments of $10,000, $15,000, $20,000, $25,000 per year are guaranteed and $25,000 per year thereafter.
On January 29, 2015, Globex signed a letter of intent with Renforth Resources Inc. which would enable Renforth to acquire 100% of Globex’s Parbec Project. Under the arrangement, Renforth would commit to; (a) spend $4 million on the property; (b) issue 2 million common share of Renforth to Globex; and (c) make cash payments to Globex totalling $550,000 over a 4 year period. The proposal includes a sliding scale gross metal royalty depending upon the price of gold. Based on the current option agreements which are in place, in 2015, Globex expects to receive cash option payments of $350,000, shares with an estimated fair value of $30,000 and advance royalty payments of $80,000.
Abschreibungen Projekte:
In the fourth quarter of 2014, the Corporation recorded a write-down of mineral properties and deferred exploration expenses of $6,941,186 (2013 - $920,884).
Hierbei wurden abgeschrieben:
Turner Falls 1.3mCAD
Tavernier Tiblemont Fish (Tavernier / Tavernier) 1.0mCAD
Tonnancour (Tonnancour & Josselin Twps / Tonnancour) 0.9m CAD
Beauchastel - Rouyn (Beauchastel / Beauchastel) 0.6mCAD
While the Corporation has made an impairment provision against these properties, management believes that a recovery will take place in the near future with the result that a substantial portion, if not all of the retained costs will be recovered through option arrangements or outright sales.
Working Capital:
At December 31, 2014, the Corporation had cash and cash equivalents of $231,713 (December 31, 2013 - $164,380) and cash reserved for exploration of $1,594,860 (December 31, 2013 - $2,090,732). Investments of $305,632 (December 31, 2013 - $942,801) mainly reflect shares, recorded at fair value, in optionee companies received as consideration under mining option agreements.
At December 31, 2014, the Corporation’s working capital (based on current assets minus current liabilities) was $2,233,595 (December 31, 2013 - $2,765,352). The Corporation believes that based on the current cash and working capital position and its access to liquidity sources, it has sufficient resources readily available to meet its current exploration spending commitments and corporate and administrative requirements for the next twelve months.
Outlook:
Despite the publication of a positive Preliminary Economic Assessment and receipt of our mining lease on our Timmins Talc-Magnesite project, raising funds to complete a Preliminary Feasibility Study and to undertake the first phase of construction for the project is proving challenging. We have received significant interest, but have yet to raise all the necessary funds.
Although challenged by the scarcity of financing which impacts other junior mining companies, we have benefited from the recent increases in zinc prices which have generated a significant stream of monthly royalties to fund our operations. Based on various mining analyst reports which indicate that zinc prices will strengthen in 2015 and 2016 partially as a result of the scheduled closures of the Century Mine and the Lisheen Mine, we believe that the current zinc prices will remain in effect for 2015 and therefore we will continue to receive significant metal royalties from Nyrstar.
Although hampered by, the challenges in the junior mining sector, Globex believes it is well positioned with a combination of first class assets as well as the human and corporate resources necessary to achieve our strategic objectives.
In addition, we are concentrating on acquiring additional assets which are undervalued due to current difficult market conditions.
Lastly, we are actively exploring a number of our properties and will undertake significant drill programs later in the year.
Antwort auf Beitrag Nr.: 49.051.940 von crystalsonic am 12.02.15 15:52:53
COOKS BROOK, NOVA SCOTIA--(Marketwired - Jan. 16, 2015) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn" or the "Company") announces that Scotian Zinc Mines Ltd. ("Scotian") failed to fulfill its closing obligations under the definitive purchase and sale agreement previously executed by the parties (the "Agreement") by the closing deadline of Friday, January 16, 2015. As a result, the Agreement is terminated.
The Selwyn Board is extremely disappointed that Scotian did not fulfill its obligations under the Agreement despite the granting of two closing extensions and repeated assurances to the contrary from Mr. Glenn Laing, President and CEO of Scotian. The Company intends to pursue any and all available remedies.
The Company continues to believe that the ScoZinc Project is a valuable asset and accordingly, as a result of the termination of the Agreement, the Company now intends to reopen discussions with other parties to maximize the value of the ScoZinc Mine and its related exploration projects immediately. These opportunities may include, but are not limited to, the possible sale, joint venture or other transactions with third parties. Except as required by law, the Company does not intend to disclose developments with respect to the consideration of strategic alternatives until warranted. The Company cautions that there are no assurances that any strategic alternative will be undertaken or pursued.
Selwyn is well funded with a cash balance of approximately $4.6 million at December 31, 2014, which is sufficient to maintain the ScoZinc Mine on care and maintenance for several years.
Und den hier ... Selwyn hat es leider nicht geschafft die ScoZi Projekte zu verkaufen
Selwyn Announces Failure of Scotian to Close ScoZinc Sale TransactionCOOKS BROOK, NOVA SCOTIA--(Marketwired - Jan. 16, 2015) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn" or the "Company") announces that Scotian Zinc Mines Ltd. ("Scotian") failed to fulfill its closing obligations under the definitive purchase and sale agreement previously executed by the parties (the "Agreement") by the closing deadline of Friday, January 16, 2015. As a result, the Agreement is terminated.
The Selwyn Board is extremely disappointed that Scotian did not fulfill its obligations under the Agreement despite the granting of two closing extensions and repeated assurances to the contrary from Mr. Glenn Laing, President and CEO of Scotian. The Company intends to pursue any and all available remedies.
The Company continues to believe that the ScoZinc Project is a valuable asset and accordingly, as a result of the termination of the Agreement, the Company now intends to reopen discussions with other parties to maximize the value of the ScoZinc Mine and its related exploration projects immediately. These opportunities may include, but are not limited to, the possible sale, joint venture or other transactions with third parties. Except as required by law, the Company does not intend to disclose developments with respect to the consideration of strategic alternatives until warranted. The Company cautions that there are no assurances that any strategic alternative will be undertaken or pursued.
Selwyn is well funded with a cash balance of approximately $4.6 million at December 31, 2014, which is sufficient to maintain the ScoZinc Mine on care and maintenance for several years.
Antwort auf Beitrag Nr.: 49.050.635 von crystalsonic am 12.02.15 13:57:12
Lincoln Announces Termination of Bell Mountain Purchase Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 4, 2015) - Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") announces further to its news release dated September 9, 2014 announcing the legal claim by Laurion Mineral Exploration Inc. ("Laurion") for outstanding payments on the Bell Mountain property, Laurion has given notice it has terminated the Bell Mountain purchase agreement and intends to proceed with the claim to reassert its rights and interests in the Bell Mountain property.
The Company is exploring its options to preserve its interest in the Bell Mountain property.
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with several projects in various stages of exploration and development which include the Pine Grove and Bell Mountain gold properties in Nevada and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations.
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erst geht das von Laurion zu Lincoln und dann will es Laurion wieder ... hmmm ... sehe es lieber bei LMG als bei LaurionLincoln Announces Termination of Bell Mountain Purchase Agreement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 4, 2015) - Lincoln Mining Corporation (TSX VENTURE:LMG) ("Lincoln" or the "Company") announces further to its news release dated September 9, 2014 announcing the legal claim by Laurion Mineral Exploration Inc. ("Laurion") for outstanding payments on the Bell Mountain property, Laurion has given notice it has terminated the Bell Mountain purchase agreement and intends to proceed with the claim to reassert its rights and interests in the Bell Mountain property.
The Company is exploring its options to preserve its interest in the Bell Mountain property.
Lincoln Mining Corp. is a Canadian precious metals exploration and development company with several projects in various stages of exploration and development which include the Pine Grove and Bell Mountain gold properties in Nevada and the Oro Cruz gold property in California. In the United States, the Company operates under Lincoln Gold US Corp. and Lincoln Resource Group Corp., both Nevada corporations.
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