July 30, 2020

 

Hi Ryan,

 

Thank you for the billing summary, it looks good to me. It was a pleasure working with you as well. The field crew did an excellent job and were delightfully professional.

I appreciated all the hard work Quantec has done to get us the survey on time and on budget.

 

Please send along the invoice.

 

John McBride

Generation Mining

TORONTO, ON / ACCESSWIRE / April 28, 2020 / Grid Metals Corp. (the “Company“) (TSXV:GRDM) is pleased to provide an update on the exploration program at its 100% owned East Bull Lake (“EBL”) palladium property (“the Property”) in Ontario. The exploration target at EBL is structurally-controlled, palladium-dominant mineralization with higher grades and greater thickness and continuity than the widespread near-surface palladium zones that have been identified to date. The Company has initiated a magnetotelluric (“MT”) survey on the Property. The MT survey is an electromagnetic geophysical method with excellent depth penetration and a proven ability to detect, directly or indirectly, the type of palladium mineralization (high palladium tenor disseminated sulfide) that is found at EBL. Initial results from the completed portions of the survey have delineated several high priority geophysical targets proximal to known palladium rich mineralization. The geophysical program is guided by a previously untested exploration model that is based on observations from the Lac des Iles palladium mine in northwestern Ontario.

….

Target Model

The exploration targets at East Bull Lake include:

  • near surface palladium mineralization having average in situ grades that are potentially amenable to open pit mining; and,
  • higher-grade, vertically extensive and structurally-controlled palladium mineralization having average in situ grades that are potentially extractable using underground mining methods.

Rationale for the MT Survey

Quantec Geoscience Ltd. is completing the MT survey on the Property using its proprietary Spartan system. The Spartan system has proven effective on properties with similar geology and palladium-rich disseminated sulfide mineralization. This is best demonstrated by the critical role the 2018/19 Spartan MT survey results played in the discovery of the western extension of the PGM Zone on Impala Canada Ltd.’s and Transition Metals Corp.’s Sunday Lake project, located near Thunder Bay, Ontario (see Transition Metals Corp. news release dated April 29, 2019 for details).

 

Oblique longitudinal section looking to the north showing a 2D inversion of the MT survey resistivity data. Note the significant strike length (>2 km) of anomaly PL-4, a large resistivity low that is interpreted to adhere to the base of the East Bull Lake intrusion and is apparently associated with two vertical structures. Traces for drill holes located within 100 m of either side of the section plane are shown for reference.

Grid Metals Adds to Technical Team and Makes Grants Under New Equity Incentive Plan

TORONTO ON / ACCESSWIRE / February 27, 2020 / The Board of Directors of Grid Metals Corp. (TSXV:GRDM) (“Grid ” or the “Company”) is pleased to announce that the Company has entered into a geophysical contract with Quantec Geoscience Limited to complete a Spartan magnetotelluric survey at its East Bull Lake palladium property located 80 km west of Sudbury, Ontario. The survey is being designed to delineate drill targets associated with favourable rock types and potential feeder structures. The survey is currently planned to commence in mid March and will take approximately 4-6 weeks. The Company will announce a timetable for drilling to follow.

September 17, 2019, Vancouver, B.C.: VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the “Company”, or “VR”, is pleased to provide an update for its Ranoke copper‐gold property in Ontario.
 IP chargeability anomaly: A TITAN24 DCIP induced polarization survey confirms a broad IP chargeability anomaly 1.1 kilometres across within the high‐density gravity anomaly at Ranoke;

VR completed three test lines of TITAN24 DCIP (Quantec Geoscience Ltd., Ontario) over the 2.5 mgal, high density gravity anomaly roughly 4 km across at Ranoke (see news release dated August 21, 2019). The
purpose of the IP survey is to test for chargeable sulfide minerals within the gravity anomaly.

From VR’s CEO Dr. Michael H. Gunning “this survey confirms the potential that a copper sulfide – bearing iron oxide breccia pipe is the root cause of the gravity anomaly at Ranoke. We are grateful for the technical expertise and diligence demonstrated by the field crew and technical services group at Quantec for their extended work on the design, execution and interpretation of this TITAN24 survey because the resultant anomaly adds a key focal point for our copper‐gold targeting within the large gravity anomaly. The sulfidebearing hematite hydrothermal breccia discovered to the south of the property is from an area with published alluvial gold occurrences, and the rock sample in Figure 3 provides our shareholders with a tangible potential analogue for the copper‐gold iron oxide breccia pipe we are targeting at Ranoke. We look forward to providing further updates as our work advances towards a first‐pass drill program.”

SIERRA METALS CONFIRMS PORPHYRY MINERALIZATION AT ITS YAURICOCHA MINE IN PERU, POSITIVE RESULTS INCLUDE 22 METERS OF 0.46% COPPER AND 134 PPM MOLYBDENUM AND 10.73 PPM COBALT
___________________________________________________________________
Drill hole highlights include: drilled from 720 level Klepetko tunnel to 1394.60m in depth

 

Toronto, ON – October 1, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today confirms the discovery of a new style of mineralization (copper – molybdenum porphyry). Today’s results are from testing of the geophysical anomalies, in the quartz monzonite intrusive, in the eastern part of the mineralized area. This area is known as the Central Mine which is located between the Cuye and Esperanza zones. The discovery comes as part of an ongoing drilling program to test priority geophysical anomalies at the Yauricocha Mine, located 150 kilometers east-southeast of Lima in the Yauricocha Mining District (Cordillera Occidental), Peru.
Prior evidence of copper-molybdenum porphyry mineralization had been observed on surface within the monzonite intrusive and had previously been sampled by Rio Tinto Zinc. Subsequently, drill core was sampled at 10-meter intervals over the entire hole length and the Company obtained 122 samples. The hole was drilled from the Klepetko Tunnel located on the 720 level to a depth of 1,394.6 meters. The samples indicated an average of >0.1% Copper.
A recently completed TITAN 24 Geophysical Study identified more than 100 anomalies at Yauricocha and a program to test this first geophysical anomaly was designed. Hole (E-PORF 10-18-01) was drilled from the Klepetko Tunnel to test the priority anomaly located in the monzonite intrusive as this zone had high conductivity within the Intrusive. A copper-molybdenum mineralized porphyry was discovered.
Results to date show mineralized sectors with notable grades of copper and molybdenum (see table 1) and this discovery confirms the existence of a new style of mineralization at Yauricocha. The Company will continue with a drilling program which will allow for a better understanding of the distribution of mineralization.
Alonso Lujan, Vice President of Exploration stated: “We are excited as these drilling results demonstrate the possibility to define a copper – molybdenum porphyry deposit with significant dimensions. The TITAN 24 anomaly areas have shown an excellent relationship between conductivity, chargeability and the orebodies. We have several higher-grade intercepts between 798 and 980 meters and now the objective of our follow-up drilling programs is to define the geometry of the higher-grade core of the porphyry.”
He added, “the discovery and location of the porphyry serves as an important milestone at Yauricocha as it helps us to better understand the magnitude of the district’s mineralization. It also helps us to better relate the recent discoveries of the skarn and breccia orebodies to the location of the porphyry. Breccias and skarn related to porphyry orebodies represent important exploration targets for the Company.”
Igor Gonzales, President and CEO of Sierra Metals commented: “Brownfield exploration continues to be a key part of Sierra Metals’ growth plan. Today’s announcement of a porphyry discovery at Yauricocha supports further growth and development at the Yauricocha Mine and subsequently supports the Company’s overall growth plans in Peru.”

 

 

Galway Metals Drills 1.2% Copper Over 7.1m at Newiska, Quebec; New TITAN Targets and Awards Incentive Stock Options

Released: November 5, 2018

(Toronto, Ontario, November 5, 2018) – Galway Metals Inc. (TSX-V: GWM) (the “Company” or “Galway”) is pleased to report drill results at the Newiska horizon on the Company’s 20,915 hectare, 100%-owned, former producing Estrades Project in the northern Abitibi of western Quebec, Canada. The Newiska prospect is located 8,000m southeast of the former producing Estrades polymetallic deposit (Figure 1 and Figure 2). 8,200m to the west and 2.2 km south of the Estrades deposit, another strong TITAN geophysical conductor that has a remarkably similar signature to the main Estrades deposit was observed.

The recently renamed Galan Lithium (ASX-GLN) – formerly Dempsey Minerals – is preparing to commence its much anticipated geophysical surveys at the Salar de Hombre Muerto Project, Argentina.

The geophysical surveys will be closely followed after its initial survey work delineated shallow, conductive anomalies associated with lithium saturated brine.

The previous survey also presented significant mineralisation upside, with the brine appearing to extend laterally to the east and west of the target channel.

Depths to brine were relatively shallow and ranged from approximately 150m to over 400m in thickness across at least ten kilometres through the inspected channel.

The upcoming geophysical work will further increase the company’s understanding of the potential of its brine deposit.

At the time of  the initial discovery Galan chairman, Mr Nathan McMahon, said:

To have identified an area of approximately 10km within our project containing geological units consistent with those saturated with brine, adjacent to significant lithium projects and within one of the most prolific salt flats, gives us great optimism for the testing of our exploration model.”

The Company has engaged well-regarded geophysical contractors Quantec Geoscience Ltd to conduct the exploration work. Quantec have significant experience targeting similar lithium brine mineralisation and conducted the initial surveys at the project.

Exploration is set to commence in approximately 7-10 days.

September 6th, 2018, Lexi Announces Final Geophysical Results are Positive on Over 36,000 Hectares of Brine Discoveries at Antofalla Salar
September 6, 2018 – Toronto, Ontario – Lithium Energi Exploration, Inc. (TSXV:LEXI) (“LEXI” or the “Company”) is pleased to announce positive results following the completion of its initial geophysical exploration program.  The geophysical surveys were executed to investigate sub-surface conductive brines under approximately 366 square kilometers of LEXI’s concessions in the northern portion of the Antofalla Salar, located in Catamarca Province, Argentina. The survey results were successful and impressive from a technical standpoint, delineating conductive strata from near surface to as great as 400 meters depth, and the results revealed that conductive strata consistent with unconfined brine aquifers occur extensively under almost all of the surveyed properties.LEXI’s CEO, Steven Howard observed, “These positive survey results are highly motivating. They suggest an abundant, uninterrupted reservoir exists under LEXI’s property holdings in the northern third of the Antofalla basin. Conductivity consistent with brine targets was delineated under the volcanic cover units on the basin’s margins, indicating that basin boundaries are much wider than the visible salt pan on surface.”  Howard added, “These results indicate the viability of further exploration activities for our northern property cluster.  Analyzing the resulting value proposition with potential strategic partners could promisingly extend those ongoing negotiations as a result. LEXI’s exploration team is advancing drill plans and permits to continue working towards a resource estimate that will deliver value to our shareholders.”

On March 25, 2018 and May 10, 2018, the Company had previously announced partial, preliminary results from this geophysical program, which was conducted by Quantec Geoscience Ltd., a world leader in mineral exploration with electromagnetic survey technologies. The final survey report encompassed approximately 200 line-kilometers of Transient Electromagnetic (TEM) Sounding profiles (comprised of 1,028 individual sounding sites) distributed along 36 survey lines. TEM technology is a fast, high-resolution exploration tool capable of imaging variations in sub-surface electrical resistivities to depths exceeding 500 m and has been a primary exploration tool in saline aquifer and fresh-water/brine interface projects for more than three decades. The final report from Quantec Geoscience adds further to the “better-than-expected” results related in the two previous news announcements, which indicate that the surveyed concessions (approximately 36,589 hectares within 14 semi-contiguous claims) exhibit electrical resistivity values and distribution patterns consistent with highly-conductive unconfined aquifers believed to be lithium-bearing brine horizons. These compelling survey results will contribute to the target discrimination for LEXI’s envisaged exploration drilling, intended to identify mineral chemistry, lithology, porosity, pump rates, and other hydrogeological factors.

SIERRA METALS CONFIRMS NORTHERN EXTENSION OF THE BOLIVAR NORTHWEST OREBODY CONTAINING AN AVERAGE GRADE OF 1.37% COPPER AND AN AVERAGE TRUE WIDTH OF 8.1 METERS AT THE BOLIVAR MINE, MEXICO