By Matt Birney – The West Australian
In a move that might have the environmental mafia scratching their heads, Classic Minerals and Australia’s federal scientific research outfit CSIRO have teamed up to study the potential correlation of tree size to gold mineralisation at Classic’s Forrestania Gold Project in Western Australia.
The company said that in 2017, it had noticed a correlation between tree size and gold mineralisation at the project in the Goldfields region.
Major deposits and prospects such as Lady Magdalene and Lady Ada were covered by large gum trees while barren areas were covered by typical Yilgarn shrubs and bush.
CSIRO and the Australian Government’s Innovation Connections grant will fund the majority of the six month project.
Activities to be carried out include the production of a distribution map in tree sizes by image analysis, hylogging and additional sampling of selected holes.
Extensive rockchip and regolith sampling will also be carried out throughout the curious project.
The program will generate a high-quality mineralogical and geochemical dataset including integration of geology databases and will determine the spatial relationships between the tree sizes, the landscape and the mineralised areas via statistical data analysis.
Whilst the technique is not likely to put traditional drilling contractors out of business anytime soon, it just might make them a little nervous.
If proven to work, it will allow Classic to rapidly generate new targets without ground disturbing exploration.
The project could help guide the company with geochemical sampling and geochemical data interpretation on the surface.
It may also help assess mineralisation at depth and the relationship to landscape and tree size.
Classic Chief Executive Officer Dean Goodwin said: “It quickly became apparent from field work that there appears to be a relationship between tree-size and mineralisation at FGP – we are glad to follow up this theory with CSIRO because it will help us better understand the geology and controls on mineralisation in FGP.”
“As an exploration geologist, it is always exciting to be adding to the datasets available to us for target generation and geological theories.”
“Having CSIRO undertaking this research project alongside Classic will allow us to share and validate our own hypothesis and research efforts/data that we have been working on for the past 12+ months.”
Whilst somewhat unusual, this is not the first time that trees have been thought to be a potential indicator of gold mineralisation.
The CSIRO has previously published research showing that Eucalyptus trees in Western Australia’s Kalgoorlie region are drawing up gold particles from the earth via their extensive root system and depositing the gold in their leaves and branches.
As eucalypt roots extend tens of metres into the ground, this could indicate the presence of gold ore deposits buried under sediments that are up to 60 million years old without the need to drill.
Last month, Classic started a follow-up drilling program at 4 major prospect areas at Forrestania.
Drilling at Lady Magdalene is aimed at better defining the orientation of high-grade cross cutting gold lodes in order to sweeten the large, shear-hosted system currently grading 1.32g/t for just over 180,000 ounces.
The similarity of these lodes to those found at the nearby historic Lady Ada mine, has given Classic reason to believe that Lady Magdalene might also be hosting a high-grade gold deposit.
Forrestania has an existing Mineral Resource of 5.9 million tonnes grading 1.25 grams per tonne gold for 240,000 ounces of contained gold.
Classic’s partnership with CSIRO is fascinating and will no doubt get a few geological wags talking.
Who knows, maybe the geologists of the future will have their ore bodies marked out before smoko just by looking at the trees – stranger things have happened I guess.
Bacanora Lithium (AIM:BCN) Cancels Proposed Placing As Discussions Continue With Additional Parties To Secure The Remaining Construction Funding Requirement.
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) notes the announcement by Bacanora Lithium plc (AIM: BCN) that, due to current volatility in global commodities markets, it has elected not to proceed with its proposed placing to raise gross proceeds of US$100m.
To date, Bacanora has announced equity and debt funding commitments totalling US$240m, which represents 52% of the US$460m required for Stage 1 production of 17,500 tpa of Li2CO3 at Sonora (the “Construction Funding”). These include a US$150m senior debt facility with RK Mine Finance, one of the leading specialist mining lenders, and conditional strategic investments from the State General Reserve Fund of Oman (SGRF), the sovereign wealth fund of the Sultanate of Oman, and from Bacanora’s off-take partner, Hanwa, for a combined total of US$90m.
Bacanora will now focus on completing the Front End Engineering Design and remains in discussions with several additional parties with regards to securing the remainder of the Construction Funding, so that it can be in a position to begin construction of the Project once financing is secured.
The full release can be found at: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/13723309.html
Apollo Minerals, focused on the development of a responsible, modern mine at the Couflens Project in France, has demonstrated its commitment to local communities through the creation of a significant cultural heritage initiative – the Club de Mécènes Mines du Salat (“CMMS”). The CMMS has been established by Apollo Minerals’ French subsidiary, Mines du Salat.
The CMMS has been established to ensure the cultural and historical heritage of the Couserans province in the Ariege region is upheld. The heritage of the province, which is known for its Roman art and architecture, attracts over 150,000 tourists a year and provides a major source of economic stimulus for the area.
The CMMS was formed as a consortium between Mines du Salat and a number of local businesses. Each founding partner will make annual contributions which will then be allocated to the various restoration projects in the Couserans province. The French government will contribute an additional 60% to the total amount of funds raised.
To date, the CMMS has provided funding for:
- the restoration of three paintings in the Vic d’Oust church;
- the renovation of the roof, electricity and paintings of the Romanesque church of Saint-Jacques d’Aubert in Moulis; and
- a study of the statues at the chapel Notre-Dame du Pouech in Oust, classified as historical monuments.
The establishment of the CMMS further strengthens the Company’s commitment to the region and reinforces its desire to work collaboratively with local stakeholders.
Every restoration project that the CMMS commits to financing has the potential to create direct and indirect jobs.
The CMMS is part of the Fondation du Patrimoine, an independent organisation created to defend and enhance national heritage in France.
Hugo Schumann, Executive Director, commented:
“We are developing the Couflens Project in a province steeped in cultural heritage. We are proud to have co-created this foundation whose sole aim is to protect, promote and enhance that heritage. Our goal is to develop a project that generates benefits for all our stakeholders and we have a duty to ensure that our social, economic and environmental impact is positive.”
For further information contact:
Hugo Schumann Robert Behets
Tel: +44 207 478 3900 Tel: +61 8 9322 6322
Proactive Investors – ECR Minerals #ECR surges as it secures finance to expedite development programme at Blue Moon – Proactive Investors
The share price, already flying high after its interim results and news of drilling success at its Blue Moon gold prospect in Australia, rose 14.8% to 0.78p after the company raised £650,000 through the issue of 92.9mln shares at 0.7p a pop.
The funds could be the key to unlocking the potential of the Blue Moon asset in Victoria
The company said that it now has sufficient working capital against current operational plans to last until the third quarter of next year, at least, while further funds could find their way into the coffers should any warrants holders choose to exercise the warrants that have been attached to the newly issued shares. Should all warrants be converted this would generate about £1,045,000 before expenses for the company.
ECR said the funds raised would be used to expand its Australian operations, including an accelerated development programme at the Blue Moon target in the Victoria region.
The company also now has the funds to consider additional opportunities in Australian gold and strategic metals, to complement existing interests.
Adding to #ECR position – market trying to make it look weak. Ha! Quite the opposite!
— paul johnson (@pauljohnson9691) July 11, 2018
“We are delighted to announce this strategic financing which considerably bolsters the company’s working capital position and provides a significantly extended cash runway with which to implement our operational plans,” said Craig Brown, the chief executive officer of ECR Minerals.
“The gold mineralisation identified at Blue Moon and announced on Friday 6th July 2018 is a priority target for ECR, and as such, the company intends to pursue further work on this target immediately. Furthermore, the company is aware of numerous opportunities to augment its Australian gold exploration portfolio, and the additional funds raised will enable ECR to review and crystallise those opportunities that could add considerable value for shareholders,” he added.
— Alan Green (@Alan__Green) July 11, 2018
Salt Lake Potash Limited’s (LON:SO4, ASX:SO4) Jo Battershill tells Proactive’s Andrew Scott they’re a new entrant into the Sulfate of Potash (SOP) market.
Plastic pollution: Skipper describes horror at seeing ‘endless’ ocean of rubbish on Pacific research expedition – The Independent
Exclusive: ‘How do you convey – when you wake up on day four and you’re still seeing this plastic pouring past the boat? The feeling just makes your stomach clench’
By Josh Gabbatiss Science Correspondent
An experienced skipper who is currently sailing through the world’s largest ocean rubbish patch has described how her stomach “clenched” when she was faced with the terrible reality of the planet’s plastic crisis.
Emily Penn is leading an all-women expedition through the Pacific Ocean on a mission to tackle the plastic pollution that is choking marine environments, killing animals and even threatening human health.
“The most alarming thing is just the number of pieces that are moving past the boat every time you look out,” says Ms Penn, a sailor with a history of environmental activism.
“You might get a bundle of fishing net, a washing basket, a chair; then you see bottle tops, toothbrushes, combs – people’s belongings basically. It doesn’t make any sense.”
“That’s what we have been experiencing on a daily basis for the past 500 miles or so,” she says.
The eXXpedition crew, which consists of women from a variety of backgrounds including scientists, artists and sailors, departs Hawaii (thesituationroom.tv)
At least 8 million tonnes of plastic is dumped in the ocean every year, and a large proportion ultimately ends up in one of the five major ocean gyres; drawn in by winds and ocean currents.
The largest of these gyres, dubbed the “Great Pacific Garbage Patch”, covers an area of 1.6 million square kilometres.
It is this enormous expanse that Ms Penn and her “eXXpedition” crew of scientists, sailors and artists is crossing on a trip that will take them from the plastic-strewn beaches of Hawaii to the shores of North America – the source of so much of this waste.
Speaking to The Independent via satellite phone from the Sea Dragon, a 72ft (22m) scientific exploration vessel, Ms Penn described the low mood that set in as they entered the plastic soup.
“How do you convey – when you wake up on day four and you’re still seeing this plastic pouring past the boat. The feeling just makes your stomach clench,” she says.
The team is collecting samples and data that will then be sent to research institutions in the UK, Canada, Switzerland and the US.
The crew has come across all sorts of marine plastics including fishing nets and household items. Here they fix a tracker to a large pile of marine debris so researchers can track it and better understand ocean currents (eXXpedition)
This information is valuable, because owing to their remote locations there is still a lot scientists do not know about the Great Pacific Garbage Patch and other plastic accumulation zones.
Horrific images of turtles tangled in fishing nets and whales with stomachs full of bags have shocked the world, but the eXXpedition crew wants to investigate the subtler effects of plastic pollution.
Their samples will be examined for traces of chemicals like pesticides and flame retardants that have the potential to leach into the bodies of animals and – ultimately – humans.
The eXXpedition team is studying microplastics and toxics in the North Pacific Gyre, and they have found large amounts of microplastics in each sample collected (eXXpedition)
Being out in the open ocean has made the crew acutely aware of the interactions between wild animals and plastic waste.
“We are looking into the water and seeing fragments of plastic, and then 20m away we see an albatross feeding on squid which looks just like that plastic,” says Ms Penn.
The key to solving this problem, she says, is first to raise awareness and then to cut off the flow of plastic before it enters the ocean.
“There are trillions of fragments covering this part of the planet and it’s just endless, it goes on and on, and not only here in the North Pacific but other parts of the world as well,” says Ms Penn.
“It’s taken us weeks to get here under challenging conditions, and the idea then of trying to extract the little fragments you just realise – gosh – we have to solve this problem at the source. By the time it’s out here it’s too late.”