Mining & Energy Daily: What’s Happening Now

Here are the highlights from the mining/energy/resources industry to get you up to speed on the events of the day:

Patriot Battery Metals Drills First Holes to Test the CV13 Pegmatite Cluster at Corvette Property, Quebec

Patriot Battery Metals Inc. (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce assay results from its 2022 drill and surface exploration programs over the CV13 Pegmatite cluster at its wholly owned Corvette Property located in the James Bay Region of Quebec. The CV13 Pegmatite cluster, which is comprised of two contiguous lithium outcrop trends totalling 2.3 km in combined strike length, is located approximately 4.3 km along geological trend to the southwest of the CV5 Pegmatite.

Key Highlights

• very positive with ten (10) of our first fourteen (14) drill holes along this collective 2.3 km trend returning strong lithium mineralization.

• Continued potential for new discoveries at the Corvette Property

Read the full PR here

Traction Uranium Key Lake South Property Receives Drill Permits from the Saskatchewan Ministry of Environment

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) announced that, along with UGreenco Energy Corp., it has received (i) diamond drilling, (ii) borehole surveys, (iii) trail development and (iv) temporary work camp permits from the Saskatchewan Ministry of Environment for the Company’s upcoming winter 2023, 2,000 metre diamond drill program at the Key Lake South Property (“KLS Property”), such Permits are valid to July 31, 2024.

Key Highlights

• high-grade uranium mineralization, and a radioactive anomaly found onsite in 2022

• Receipt of the drill permits brings the company closer to being fully permitted for their 2023 winter drill program at the KLS Property

Read the full PR here

Reflex Announces Plan for Phase 2 of its Ruby Graphite Exploration Program

Reflex Advanced Materials Corp. (CSE: RFLX), (OTCQB:RFLXF), (FSE:HF2) announces plans for Phase 2 of its mineral exploration program at the Ruby Graphite project. The Ruby Graphite project covers approximately 2,000 acres and 96 federal lode mining claims located in Beaverhead County, Montana, U.S.A.

Key Highlights

• The Phase 2 program, planned for spring/summer of 2023, will focus on identifying and evaluating potential vein graphite structures on the Project.

Read the full PR here:

Calibre Mining Increases Nicaraguan Mineral Reserve Grade by 16% and Nevada Mineral Reserves Grow by 23%

Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) is pleased to announce the results of the Company’s updated Mineral Resources and Mineral Reserves for its Nicaragua and Nevada properties as of December 31, 2022.

Key Nicaragua 2022 Mineral Resource and Mineral Reserve Highlights

• 16% increase in the Nicaraguan Mineral Reserve grade to 5.37 g/t gold (2021: 4.62 g/t gold)

• 278% increase in the Nicaraguan Mineral Reserves to approximately 1,082,000 ounces gold, net of depletion since acquisition in 2019

Key Nevada 2022 Mineral Resource and Mineral Reserve Highlights

• 23% increase in pit-constrained Pan Mine Mineral Reserves to 234,000 ounces gold, net of depletion

• 12% increase in Pan Mine Measured and Indicated Mineral Resource to 359,000 ounces gold

Read the full PR here


Please enter your comment!
Please enter your name here