Drilling – Sofrelop http://sofrelop.com/ Tue, 22 Nov 2022 14:50:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sofrelop.com/wp-content/uploads/2021/06/icon-6-150x150.png Drilling – Sofrelop http://sofrelop.com/ 32 32 South Darlot gold project: start of the RC drilling program https://sofrelop.com/south-darlot-gold-project-start-of-the-rc-drilling-program/ Tue, 22 Nov 2022 14:50:02 +0000 https://sofrelop.com/south-darlot-gold-project-start-of-the-rc-drilling-program/ VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) — Central Iron Ore Ltd. (IOC – TSX.V) (“CIO” or “the Company”) is pleased to announce that it has commenced an RC drilling program at the South Darlot Gold Project. RC drilling The RC drill program targets two of the prospects located on M37/631, including Endeavor and […]]]>

VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) — Central Iron Ore Ltd. (IOC – TSX.V) (“CIO” or “the Company”) is pleased to announce that it has commenced an RC drilling program at the South Darlot Gold Project.

RC drilling

The RC drill program targets two of the prospects located on M37/631, including Endeavor and Mermaid. A total of 15 holes of approximately 900 meters have been designed to test the westerly and down dip extensions of the existing mineralization at Endeavour. The Endeavor deposit has an indicated and inferred mineral resource of 7,430 tonnes at 43.0 g/t Au for 10,220 ounces with a top cut of 160 g/t Au at a gold price of AUD $3,000 (as per Independent Technical Report NI43-101: South Darlot Project Western Australia prepared by Andrew Bewsher MAIG on 9/28/2022 and reported in TSXV announcement: 9/28/2022).

A total of 15 shallow RC holes have been designed to target fine-scale gold mineralization at the Mermaid prospect. The holes attempt to locate gold mineralization along strike of PBERB002 which intersected 3 meters at 13.03 g/t Au and up dip of WDRC011 which intersected 11 meters at 3.32 g/t Au. Other significant mineralized intersections at Mermaid include WDRC0099 which intersected 5 meters at 344.4 g/t Au.

Mining studies

Upon completion of the RC drilling program, CIO intends to commission a series of studies necessary to meet the requirements of the Western Australia Department of Mining Regulation and Safety (DMIRS) to to begin surface mining at Endeavour. These studies include waste rock characterization, hydrogeological and geotechnical assessment. A program of metallurgical testwork will also be implemented upon completion of the RC drilling program.

Figure 1 The long section of the Endeavor deposit showing pierce points from the November 2022 RC drill program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c417bc8f-cf3f-43fd-9bf1-bbc722798581

Figure 2 The long section of the Mermaid deposit showing the pierce points from the November 2022 RC drill program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aef2eec0-ce13-4b25-ab55-7b3f9ea5c32f

CENTRAL IRON ORE LIMITED

SOUTH DARLOT GOLD PROJECT (Western Australia)

The Company’s South Darlot Gold Project area is located approximately 320 km northwest of Kalgoorlie in Western Australia and includes:

  • The British King mine, 100% owned by the Company and which complies with National Instrument 43-101 – Disclosure Standards for Mining Projects (“NI43-101”). The British King mine is located 5 km southwest of Red 5 Limited’s Darlot mine. The British King Mine is currently undergoing care and maintenance.
  • A number of properties subject to a joint venture with subsidiaries of Red 5 Limited (“Red 5”), details of which are set out below, in which CIO has acquired a 70% interest.

Figure 3 South Darlot Project Location Map is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2bac516-a7d8-47e2-9f30-877c08df9daf

RED 5 Joint Venture Project (formerly Barrick Joint Venture Project)

The properties shown in the table below (“Red 5 JV Tenements”) are the subject of a joint venture between a wholly-owned subsidiary of the Company and subsidiaries of Red 5 Limited (“Red 5 JV”) and are located southwest of Red 5 5 of the Darlot gold mine and are contiguous to CIO’s current holdings in the area. The Red 5 JV buildings are detailed below.

Table 1: List of buildings in South Darlot

Project Building Status Area (ha)
Barrick joint venture M37/421 Granted 381
Barrick joint venture M37/552 Granted 200
Barrick joint venture M37/631 Granted 776
Barrick joint venture M37/632 Granted 595
Barrick joint venture M37/709 Granted 98
Barrick joint venture M37/1045 Granted 90

QUALIFIED PERSON

Dr. Andrew Bewsher, Fellow of the Australian Institute of Geoscientists, compiled the information in this report regarding soil geochemical distributions. Mr. Bewsher has sufficient relevant experience for the style of mineralization and type of deposit under consideration and for the activity currently undertaken to qualify as a Competent Person as defined in NI 43-101.

On behalf of the Board of Directors
CENTRAL IRON ORE LTD.

“Brett Hodgins”
____________________________
Brett Hodgins, President and CEO

For more information, please contact:
www.centralironorelimited.com

Investor and Media Inquiries:
Direct: +61 2 9397 7555

Email: info@centralironore.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Caution Regarding Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities laws. Although the Company believes this information to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking information is generally identified by words such as: believe, expect, anticipate, intend, estimate, assume and similar expressions, or are those which by their nature refer to future events . The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in the forward-looking information due to a variety of factors, including, but not but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for iron ore or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of the mineral deposits likely to be located, the Company’s ability to obtain the permits, consents or authorizations necessary for its activities, to raise the necessary capital or to be fully in able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company’s disclosure documents for a fuller discussion of these risk factors and their potential effects, copies of which can be viewed on the Company’s page on SEDAR at www. sedar.com

NBA: 32 072 871 133

main logo

Figure 1

Long section of the Endeavor deposit showing breakthrough points from the November 2022 RC drill program

Figure 2

Long section of the Mermaid deposit showing breakthrough points from the November 2022 RC drill program

picture 3

Locality plan of the South Darlot project

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Gratomic Announces Assay Results From Aukam’s Diamond Drilling Program https://sofrelop.com/gratomic-announces-assay-results-from-aukams-diamond-drilling-program/ Thu, 17 Nov 2022 19:01:07 +0000 https://sofrelop.com/gratomic-announces-assay-results-from-aukams-diamond-drilling-program/ TORONTO, ON/ACCESSWIRE/November 17, 2022/ Graatomic Inc. (“gratomic“, “FREE,” or the “Company“) (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to provide the first laboratory assay results on its diamond drilling program on its Aukam Graphite project in Namibia. This program aimed to intercept veins of mineralized graphite in order to confirm the Company’s initial estimates and provide a more in-depth […]]]>

TORONTO, ON/ACCESSWIRE/November 17, 2022/ Graatomic Inc. (“gratomic“, “FREE,” or the “Company“) (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to provide the first laboratory assay results on its diamond drilling program on its Aukam Graphite project in Namibia. This program aimed to intercept veins of mineralized graphite in order to confirm the Company’s initial estimates and provide a more in-depth understanding of Aukam’s geology.

Assays were received from ALS Laboratories Namibia (Pty) Ltd, which included 15 drill core samples. Table 1: Table 1 highlights the locations of diamond drill holes during the drilling program on the Aukam project in Namibia.

Table 1: Diamond drill holes completed on the Aukam project in Namibia (WGS84, UTM Zone 33S)

NAME UTM_X UTM_Y Z AZIMUTH SOAK HEY
AKD001

679799.9

7016176.4

1271.6

200

-50

98.34

AKD002

679788.3

7016091.4

1299.7

275

-50

150

AKD003

679779.6

7016101.1

1299.7

15

-60

99.15

AKD004

679779.8

7016101.8

1299.7

15

-50

101.1

AKD005

679779.5

7016100.7

1299.7

15

-70

140.55

AKD006

679777.5

7016100.8

1299.8

330

-60

98.93

AKD007

679770.0

7016111.3

1300.0

330

-55

71.93

AKD008

679768.0

7016109.5

1300.1

285

-50

119.95

AKD009

679768.0

7016108.6

1300.2

275

-50

126.05

AKD010

679766.0

7016154.1

1287.3

330

-50

42.02

AKD011

679766.2

7016153.5

1287.3

330

-60

44.91

AKD012

679767.0

7016153.1

1287.3

330

-70

51.07

AKD013

679766.9

7016152.3

1287.3

0

-90

72.46

ALS’ graphitic carbon analysis methods and equipment include the LECO carbon-sulfur analyzer and high temperature combustion infrared detection. During this procedure, the carbon in the sample is converted into carbon dioxide (CO2)which is then measured by infrared (RI) detectors.

The tables below present all the Carbone Graphite Total (TGC) (%) analysis results

Table 2: Graphitic carbon assays of drill cores obtained on the Aukam project. Drill core was sampled where graphite veins exceeded 20cm and a minimum sample length of 50cm from holes AKD001, AKD002, AKD003, AKD005 and AKD006 (all other holes did not meet this requirement and therefore no samples were taken) on the Aukam project. More detailed information on the assay results from these holes is presented in Table 2 below. Gratomic inserted two samples of certified reference materials namely OREAS 723 and OREAS 724 with an accuracy of 100% and 97.8% respectively. The PQ therefore accepts the values ​​of the laboratory assays.

Table 2: Results of analysis of total graphite carbon (TGC%) for AKD001-AKD003 and AKD005-AKD006. The results displayed below are not true widths of mineralization. The analysis laboratory is not able to detect a graphitic carbon (TGC) content greater than 50% TGC).

DH_Hole DH_From_m DH_To_m Recovery m TGC_%

AKD001

74.40

75.23

0.83

21.1

AKD001

75.23

76.10

0.78

14.3

AKD001

79.88

80.96

1.02

43.4

AKD001

80.96

82

0.98

>50

AKD001

82

83

1

49.3

AKD001

84.84

85.84

1

15.65

AKD001

85.84

86.84

1

19.2

AKD001

86.84

87.7

0.86

21.9

AKD001

91.45

92.2

0.75

4.97

AKD002

132.85

133.32

0.47

12:45 p.m.

AKD003

79.34

80.05

0.71

3.71

AKD005

57.81

58.74

0.93

8.19

AKD006

65.65

66.01

0.51

22.7

AKD006

66.01

66.51

0.5

21.8

AKD006

72.53

73.03

0.5

16.6

Qualified person

Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information contained in this press release. Mr. Scholtz is a registered professional naturalist with the South African Council of Natural Science Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company’s “Qualified Person” as defined by NI 43-101

About Graatomic

Gratomic is a multinational company with projects in Namibia, Brazil and Canada. The company is focused on becoming one of the world’s leading suppliers of graphite and aims to secure a strong position in the electric vehicle battery supply chain. With the continued development of its flagship Aukam project and continued exploration on the Company’s Capim Grosso property, Gratomic sets itself apart by sourcing unique high-quality assets around the world. True to its roots, the Company will continue to explore graphite opportunities with development potential. The Company ranked third in the 2022 TSX Venture 50™ Pre-Formation Top 10 Mining Stocks.

Large quantities of high quality vein graphite were shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The Company will continue to update the public on the status of these tests and will provide results as they become available.

The Company has entered into a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of graphite production for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium. – ion batteries.

For more information: visit the website at www.gratomic.ca or contact:

Arno brand at [email protected] or (416) 561-4095

Subscribe at gratomic.ca/contact/ to be added to our mailing list.

For marketing and media inquiries, please email: [email protected]

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

Forward-looking statements:

This press release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. These forward-looking statements reflect management’s current beliefs and are based on assumptions made by the Company and information currently available to it. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required by applicable securities laws, the Company undertakes no obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)

THE SOURCE: Graatomic Inc.

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Drill Instructor Charged In NJ Marine Recruit Death: Report https://sofrelop.com/drill-instructor-charged-in-nj-marine-recruit-death-report/ Mon, 14 Nov 2022 18:39:15 +0000 https://sofrelop.com/drill-instructor-charged-in-nj-marine-recruit-death-report/ PENNSVILLE, NJ – A United States Marine Corps drill instructor has been charged with the death of a 19-year-old South Jersey man during a recruit training event known as “The Crucible “, according to a report. Private First Class Dalton Beals, of Pennsville, died last June at Marine Corps Recruit Depot in Parris Island, South […]]]>

PENNSVILLE, NJ – A United States Marine Corps drill instructor has been charged with the death of a 19-year-old South Jersey man during a recruit training event known as “The Crucible “, according to a report.

Private First Class Dalton Beals, of Pennsville, died last June at Marine Corps Recruit Depot in Parris Island, South Carolina, officials say. Beals was part of Echo Company, PLT 2040 and was due to graduate on June 18, according to an online fundraiser.

The Task and Purpose military news website reports that Staff Sgt. Steven T. Smiley was charged with negligent homicide and other offenses under the Uniform Code of Military Justice.

Find out what’s happening in West Deptfordwith free real-time Patch updates.

Beals’ cause of death was ruled to be hyperthermia (commonly known as overheating) depending on the task and purpose. Temperatures were in the 90s that day and Smiley asked the recruits to undergo additional training, according to the report.

The commanding general of Parris Island referred the negligent homicide charge and six others to a court martial, Task and Purpose reported.

Find out what’s happening in West Deptfordwith free real-time Patch updates.

Beals is graduating from Pennsville Memorial High School in 2020, according to the school’s Facebook page. He played football and was a wrestler in school.


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Active shooting exercise organized at the local school | Columbia County https://sofrelop.com/active-shooting-exercise-organized-at-the-local-school-columbia-county/ Sat, 12 Nov 2022 06:00:00 +0000 https://sofrelop.com/active-shooting-exercise-organized-at-the-local-school-columbia-county/ CRARYVILLE — Eighteen agencies from multiple counties were at Taconic Hills Central School on Wednesday to simulate an active shooter scenario with multiple casualties. The drill took place at the request of school officials, Taconic Hills Superintendent Neil Howard Jr. said. After the school closed early for the day, organizers arrived around 2:30 p.m. to […]]]>

CRARYVILLE — Eighteen agencies from multiple counties were at Taconic Hills Central School on Wednesday to simulate an active shooter scenario with multiple casualties.

The drill took place at the request of school officials, Taconic Hills Superintendent Neil Howard Jr. said.

After the school closed early for the day, organizers arrived around 2:30 p.m. to set everything up for the exercise, including 16 adult volunteers, who were the casualties during the exercise, said the director of Columbia County Emergency Management, David Harrison.

First responders began arriving at the school shortly after 4:30 p.m.

Fire Police closed County Road 11A in both directions during the exercise.

A simulated incident command post has been established at the school bus garage, across from the main school building.

Representatives from each police department were in charge during the exercise, Harrison said.

Some school staff participated in the drill, Howard said.

Taconic Hills officials wanted first responders to know the layout of their building in case they were dispatched there in the future, Howard said.

Howard said he was satisfied with the outcome of the exercise.

“We’ve learned a lot from this and will learn more once all the reports are available,” Howard said.

Taconic Hill’s primary goal is to stay up to date on all new technology and keep our children safe, Howard said.

“Overall the exercise went well,” Harrison said. “There are some things we need to work on and adjust before the next exercise.”

County officials are planning another drill in the spring at a different location, Harrison said.

Agencies that participated Wednesday included Taconic Hills Central School District, Questar III, Columbia County Sheriff’s Office, Columbia County Fire Coordinator’s Office, Craryville, Hillsdale, Copake and Taghkanic; Office of the Columbia County EMS Coordinator, Community Rescue Squad, Columbia County 911, State Police, Chatham Police Department, New York State Division of Homeland Security, New State Department of Transportation York, Columbia Mental Health Association and Greene, Mobile Crisis Assessment Team, Columbia County Health Department and Columbia County Office of Emergency Management.

Other agencies were heavily involved in the planning for the exercise, Harrison said.

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Crosby Group receives order for custom pulleys for offshore drillships https://sofrelop.com/crosby-group-receives-order-for-custom-pulleys-for-offshore-drillships/ Wed, 09 Nov 2022 10:14:24 +0000 https://sofrelop.com/crosby-group-receives-order-for-custom-pulleys-for-offshore-drillships/ The Crosby Group, a leading manufacturer of rigging, lifting and material handling equipment and supplies, has received a large order of custom 115t Safe Working Load (SWL) pulleys for overhauling towers. drilling a fleet of ships. These towering derricks reach 65m above the deck of ships that have been modified to drill oil and gas […]]]>

The Crosby Group, a leading manufacturer of rigging, lifting and material handling equipment and supplies, has received a large order of custom 115t Safe Working Load (SWL) pulleys for overhauling towers. drilling a fleet of ships.

These towering derricks reach 65m above the deck of ships that have been modified to drill oil and gas wells. These drillships are equipped with a drilling derrick; the sheaves provide cable guidance for lifting the drilling equipment up and down the tower (or derrick).

Roger Øvstetun, Engineering Solutions Manager at The Crosby Group, said: “The Crosby Group offers a variety of sheaves which have several advantages, meeting the requirements of this application and many others. This enables The Crosby Group to provide competitive solutions for a multitude of applications. We evaluate each incoming request to ensure that we provide the best type of solution. In this case, the ductile casting solution was the right choice for the application.

For this latest project, the pulleys each weigh 1.5 t and comply with EN 1563, DNV and other relevant standards. With an outside diameter of 2273mm, the pulleys will be used with a 70mm diameter wire rope to raise and lower the drilling equipment.

The vessels in service each have a drilling depth of nearly 12,200 m (approximately 40,000 ft) and typically work in water depths of 3,650 m (approximately 12,000 ft). They needed a strategic overhaul, due to shortcomings of a previous solution, which needed to be completed over a period of time.

Øvstetun said, “Our extensive know-how on different pulley designs, brands and types sets us apart. Given the scale of these operations, we had to commit to delivering sheaves that were geometrically optimized to manage stresses and capacity. They are made from a proven material that has been optimized over time.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/09112022/crosby-group-receives-order-for-custom-sheaves-for-offshore-drilling-vessels/

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Musgrave Minerals Ltd high-grade drilling results continue at White Heat-Mosaic https://sofrelop.com/musgrave-minerals-ltd-high-grade-drilling-results-continue-at-white-heat-mosaic/ Sun, 06 Nov 2022 22:25:01 +0000 https://sofrelop.com/musgrave-minerals-ltd-high-grade-drilling-results-continue-at-white-heat-mosaic/ Perth, Australia (ABN Newswire) – Musgrave Minerals Ltd (ASX: MGV) (FRA: 6MU) (OTCMKTS: MGVMF) is pleased to announce further high-grade gold assay results from Reverse Circulation (“RC”) and diamond drilling along the Diurnal Trend break at the White Heat-Mosaic deposit. The results come from a combination of infill and step-out drilling and highlight the very […]]]>

Perth, Australia (ABN Newswire) – Musgrave Minerals Ltd (ASX: MGV) (FRA: 6MU) (OTCMKTS: MGVMF) is pleased to announce further high-grade gold assay results from Reverse Circulation (“RC”) and diamond drilling along the Diurnal Trend break at the White Heat-Mosaic deposit. The results come from a combination of infill and step-out drilling and highlight the very high-grade nature of the mineralization near surface. The White HeatMosaic deposit, with its near-surface high grades, is expected to be a key component of future project development at Cue. The results continue to reflect the unique potential of the land 100% owned by Musgrave at its flagship Cue Gold project in the Murchison district of Western Australia (Figure 1*).

Musgrave’s managing director, Rob Waugh, said: “This is another strong set of results and confirms the exceptionally high grades of near-surface gold mineralization at White Heat-Mosaic. The deposits, including White Heat-Mosaic along the trending day’s high-grade breakout, will be the cornerstone for the future development of the Cue Gold project.”

Break of the day trend

White Heat Mosaic Deposit

The Dawn Trend has a total mineral resource estimate of 982 kt at 10.4 g/t Au for 327 koz of gold, 70% of which is in the highest confidence Indicated Resource category (see MGV ASX announcement dated May 31, 2022, “Cue Mineral Resource 927,000 ounces).

A subset of this inventory (185 kt @ 11.0 g/t Au for 65 koz of gold) defines the White Heat-Mosaic deposit.

The deposit, just 300 m south of Break of Day (797 kt @ 10.2 g/t Au for 262 koz gold) is currently modeled at a maximum depth of 160 m.

This recent drilling (not yet incorporated into the resource estimate) confirms near-surface, high-grade endowment along this trend, characterized by quartz veins within a high-grade basalt stratigraphic unit. titanium. The drilling aimed to better define the mineralized boundaries and high-grade plunge orientations of the White Heat-Mosaic deposit (Figures 2-4*). The complete results are presented in Tables 1a and 1b*.

New RC drill intersections outside the current mineral resource boundary on the Mosaic vein include:

o 4m @ 7.6g/t Au from 2m (22MORC253) extending Mosaic mineralization up to 2m from surface.

New RC intersections within the current mineral resource boundary (infill drilling) include:

o 5m @ 80.2g/t Au from 12m (22MORC251), including;
o 2m @ 194.5g/t Au from 12m
o 8m @ 19.8g/t Au from 37m (22MORC242), including;
o 3m @ 49.7g/t Au from 38m
o 5m @ 43.9g/t Au from 89m (22MORC248), including;
o 1m @ 176g/t Au from 89m
o 7m @ 8.1g/t Au from 66m (22MORC236), including;
o 1m @ 49.4g/t Au from 69m
o 3m @ 17.6g/t Au from 3m (22MORC243)
o 2m @ 20.0g/t Au from 96m (22MORC254)
o 4m @ 5.3g/t Au from 43m (22MORC249)
o 2m @ 4.9g/t Au from 17m (22MORC239)

Mineralization remains open at depth (Figure 3*) but appears to weaken at depth. Further step-out drilling to confirm the push and plunge geometries is being planned.

Minor flare veins are evident during drilling but are expected to have limited lateral extension. Results from the diamond hole (22MODD030) in the Mosaic vein were received where low grade mineralization was intersected within the quartz vein at the projected depth, but outside the high grade plunge zone ( tables 2a and 2b*).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/D0J64805

About Musgrave Minerals Ltd:

Musgrave Minerals Ltd (ASX:MGV) is an active Australian gold and base metals explorer. The Cue project in the Murchison region of Western Australia is an advanced gold and copper project. Musgrave has had significant exploration success at Cue, with a focus on increasing gold and copper resources through discovery and step-out drilling to underpin studies that will demonstrate a development path. viable in the short term. Musgrave also holds a large set of exploration concessions in the prospective Ni-Cu-Co province of Musgrave in South Australia.

Source:
Musgrave Minerals Ltd.

Contact:

Rob Waugh
Managing Director
Musgrave Minerals Limited
+61 8 9324 1061

Angela East 
Associate Director
Media and Capital Partners
+61 428 432 025
 
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WINNING AND LOSING OBJECTIVES: Boat drilling fails; Empire Metals on the rise https://sofrelop.com/winning-and-losing-objectives-boat-drilling-fails-empire-metals-on-the-rise/ Thu, 03 Nov 2022 10:48:06 +0000 https://sofrelop.com/winning-and-losing-objectives-boat-drilling-fails-empire-metals-on-the-rise/ (Alliance News) – The following stocks are the major rises and falls for AIM in London on Thursday. ———- GOAL – WINNERS ———- Empire Metals PLC, up 28% at 1.6p, 12-month range 0.75p-2.6p. The explorer and resource developer discovers a “large magnetic anomaly” at the Pitfield copper project in Western Australia. “Mapping shows a vast […]]]>

(Alliance News) – The following stocks are the major rises and falls for AIM in London on Thursday.

———-

GOAL – WINNERS

———-

Empire Metals PLC, up 28% at 1.6p, 12-month range 0.75p-2.6p. The explorer and resource developer discovers a “large magnetic anomaly” at the Pitfield copper project in Western Australia. “Mapping shows a vast anomaly of copper, silver and other base metals over a length of 40 kilometres, which builds confidence in the potential for the discovery of a ‘giant’ copper mineralized system at Pitfield” ,

———-

Libertine Holdings PLC, up 13% at 15.85p, 12-month range 12p-42p. The linear generator maker said revenue in the six months to September 30 was £600,000, down from £100,000 a year earlier. It also notes the completion of its performance validation prototype and will now begin combustion testing with MAHLE Powertrain. “We are excited to demonstrate the performance benefits and commercialize our technology,” said Managing Director Sam Cockerill.

———-

GOAL – LOSERS

———-

Longboat Energy PLC, down 16% at 31.69p, 12-month range 31.22-77.2p. The North Sea-focused energy company announces drilling results in Oswig “at the lower end of pre-drill expectations”. A preliminary estimate of recovery resources at Oswig is between 10 and 42 million barrels of oil equivalent, based on in-place volumes of 100 to 215 million boe. “The drilled Oswig fault block has substantial volume potential and is located close to existing infrastructure. In addition, there is a possible southward extension within the same fault block. Longboat looks forward to working with the partnership. to define an evaluation program and optimal well configuration to maximize flow rates from potential future development wells,” said Managing Director Helge Hammer.

———-

Yourgene Health PLC, down 9.3% to 3.4p, 12-month range 3.4p-13.57p. Shares of the medical diagnostics company hit a 12-month low as it updated its first half ended Sept. 30. Yourgene warns of “some erosion” of its margins due to inflationary and economic pressures and currency fluctuations in the UK. It now expects margins to remain below the 60% level previously forecast. Total revenue fell to £9.6m year-on-year from £17.5m, ‘reflecting the post-pandemic transition of Covid services’.

“To alleviate margin pressures, the board continues to assess its cost base in the context of its pipeline of business partnerships and discretionary investment options. operating to achieve a positive adjusted result [earnings before interest, tax, depreciation, and amortisation] over the next fiscal year,” says Yourgene.

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By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All rights reserved.

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Oil Drill Day: The tragedy that ended Washington County’s search for ‘black gold’ https://sofrelop.com/oil-drill-day-the-tragedy-that-ended-washington-countys-search-for-black-gold/ Mon, 31 Oct 2022 20:38:57 +0000 https://sofrelop.com/oil-drill-day-the-tragedy-that-ended-washington-countys-search-for-black-gold/ This historic photo shows an oil field near Virgin, Utah, circa 1907-1933. (Southern Utah University Sherratt Library Special Collections via St. George News) Estimated reading time: 1-2 minutes ST. GEORGE – There is virtually nothing visible in the landscape of Washington County, Utah, that reminds anyone of oil drilling attempts in the early 20th century. […]]]>

This historic photo shows an oil field near Virgin, Utah, circa 1907-1933. (Southern Utah University Sherratt Library Special Collections via St. George News)

Estimated reading time: 1-2 minutes

ST. GEORGE – There is virtually nothing visible in the landscape of Washington County, Utah, that reminds anyone of oil drilling attempts in the early 20th century. It was a time when these early oil entrepreneurs and local residents themselves hoped to see a jolt in the local economy through “black gold”.

This optimism proved unfounded, especially when tragedy struck one of the oil drilling operations in 1935.

First oil drilling

In 1907 oil was discovered about 2 miles northeast of Virgin. Shortly after the discovery, an active period of oil exploration began with around 15 wells drilled, mostly around Virgin. Most wells were failures, producing only small amounts of oil and gas. One of these wells has been said to produce up to 36 barrels per day, but most agree that these claims were exaggerated. There wasn’t much market for oil at the time, except as fuel for further drilling. The financial panic at the time reduced the capital needed for more exploration, so it ceased, notes the Washington County Historical Society website.

Nothing happened with the wells until 1918 when the Virgin Dome Oil Company incorporated and began operating three producing wells. The company started pumping and established a small local refinery. By September 1920, one of the wells was 2,200 feet deep, and the total production from the four producing wells (the other three of which were only 550 to 600 feet deep) was only about 20 barrels per day. Most of that production came from one well, with the other three pumping more water than oil, the WCHS website explains.

Read the full story on St. George News.

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Bear Drill 1 – October 30, 2022 https://sofrelop.com/bear-drill-1-october-30-2022/ Thu, 27 Oct 2022 23:03:28 +0000 https://sofrelop.com/bear-drill-1-october-30-2022/ In addition to drilling a second Fiord West well on the North Slope this winter, ConocoPhillips Alaska Inc., or CPAI, will drill a Brookian exploration well on ununited state lands that stretch south of Alpine. In a recent speech in Anchorage, CPAI President Erec Isaacson described it as a game of Brookian’s top set. Dubbed […]]]>
In addition to drilling a second Fiord West well on the North Slope this winter, ConocoPhillips Alaska Inc., or CPAI, will drill a Brookian exploration well on ununited state lands that stretch south of Alpine.

In a recent speech in Anchorage, CPAI President Erec Isaacson described it as a game of Brookian’s top set.

Dubbed the Bear 1 exploration well, the project lies west of the central north slope, approximately 22 miles south of Nuiqsut and four miles east of the Colville River.

In its lease operating plan, exploration phase, CPAI told the Alaska Oil and Gas Division that the well will be drilled on ADL Oil and Gas Lease 393519 encompassing some 1,440 acres. According to a state lease map, it is part of a block of leases held by CPAI that are bordered on the north and east by Oil Search (Alaska), or OSA, operated leases.

Early January

A 30-mile snow trail will be constructed to access the site from the DS-2P platform. A 500-by-500-foot ice rink will be built at DS-2P to organize equipment and house a mobile camp, CPAI told the division.

The Bear 1 drilling pad will measure 700 feet by 700 feet for a total area of ​​11.25 acres.

Structures including a drilling rig, maintenance buildings, associated warehouses, tanks, incinerator, office buildings, communications tower, mobile camps and other small temporary buildings will be located on the platform. form of drilling.

Lake MC7908 will be used as a temporary airstrip to transport personnel and materials to the project site.

The Bear 1 project is expected to start in January. All operations will be performed from the rink and all facilities will be temporary, CPAI told the division.

Busy season ahead

“The North Slope will have one of its busiest exploration and delineation seasons in years this winter,” MNR Deputy Commissioner John Crowther said recently.

CPAI is definitely part of that scenario (see the article in this issue titled “Willow construction on” for a discussion of some of its plans).

On October 20, Isaacson confirmed that the company was moving forward with another ultra-extended reach well into the Fiord West satellite in the Colville River unit west of the central North Slope.

On May 18, CPAI obtained first oil from Fiord West’s first well, CD2-310. This was a record horizontal well drilled in the Kuparuk formation by Doyon Rig 26, also known as the “Beast” due to its immense size.

The well was drilled to a total measured depth of 35,526 feet, making it the longest onshore well in North America.

Given the “significant challenges observed” in the well which caused delays, CPAI said its “drilling plans for 2022 have been updated to include a drilling pause” for Doyon Rig 26 in order to be able to “improve the DRE drilling operations”.

The rig had started drilling Fiord West CD2-310 in the second quarter of 2021; it was only completed in May 2022.

“This pause in the ERD program,” CPAI said at the time, “will be used to incorporate lessons learned from running the CD2-310 and make any required engineering changes to ERD well designs in the future.”

Although the well may not have been completed on time, it exceeded CPAI’s expectations for production.

On June 1, CPAI said the Fiord West CD2-310 had been “sinking steadily” at 11,500 barrels of oil per day.

“The well choke is now fully open. A high rate was reached on May 25” of 12,000 barrels of oil per day, CPAI said.

Initially, the company hoped to produce some 20,000 barrels of oil per day from the satellite, but that came from multiple wells.

CPAI said the well will be pre-produced before being converted to permanent injection service.

As of October 24, Doyon 26 is still in “warm stack” but remains under contract with CPAI. It will be used for the second Fiord West well.


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Canadian North Resources completes 18,144 meters of drilling at the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum project in Canada https://sofrelop.com/canadian-north-resources-completes-18144-meters-of-drilling-at-the-ferguson-lake-nickel-copper-cobalt-palladium-and-platinum-project-in-canada/ Tue, 25 Oct 2022 11:03:33 +0000 https://sofrelop.com/canadian-north-resources-completes-18144-meters-of-drilling-at-the-ferguson-lake-nickel-copper-cobalt-palladium-and-platinum-project-in-canada/ TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — Canadian North Resources Inc. (“the Company”, TSXV: CNRI; FSE: EO0 (EO-zero)) is pleased to announce that the Company has completed 18,144 meters of diamond drilling on its 100% owned Ferguson Lake property (“Ferguson Lake Project which contains base metals (nickel, copper and cobalt) and platinum group metals (“PGM”, […]]]>

TORONTO, Oct. 25, 2022 (GLOBE NEWSWIRE) — Canadian North Resources Inc. (“the Company”, TSXV: CNRI; FSE: EO0 (EO-zero)) is pleased to announce that the Company has completed 18,144 meters of diamond drilling on its 100% owned Ferguson Lake property (“Ferguson Lake Project which contains base metals (nickel, copper and cobalt) and platinum group metals (“PGM”, mainly palladium and platinum).

“We drilled more than the planned drill program to significantly expand the zones of mineralization along the 15 km mineralized horizon,” said Dr. Kaihui Yang, President and CEO of the company. “We expect the results to broaden the block model and significantly expand the high-grade, near-surface mineral resources for the potential mine development of the Ferguson Lake Project.”

The planned drilling program consists of 15,000 meters in approximately 60 holes to focus on expanding and upgrading the mineral resources along the western and eastern zones of the main mineralized horizon (rf. press release from the April 19, 2022). At the end of the summer drilling season which ended in mid-October, a total of 18,144 meters had been drilled in 68 holes to fill or exit previously drilled historic holes in the West Zone and East Zone. The completed drill program has been expanded by 3,144 meters as zones of mineralization have been confirmed to extend along strike and at depth beyond the currently defined resource limits.

Assay results from the first 28 holes totaling 7,594 meters confirmed two styles of mineralization: nickel-copper-PGM massive sulphides (up to 31 meters) and PGM-enriched low-sulfide bodies (up to at 36 meters) in the West and East zones with highlights of the selected holes below (rf. press release of September 12, 2022):

  • 31.0m at 1.28% Cu, 0.81% Ni, 0.09% Co, 2.02g/t Pd and 0.29g/t Pt (hole FL22-442 at 55 to 86m);
  • 28.45m at 0.80% Cu, 0.52% Ni, 0.06% Co, 1.38g/t Pd and 0.19g/t Pt (hole FL22-443 at 30-55m) and
    16.0m at 0.28% Cu, 0.22% Ni, 0.03% Co, 0.69g/t Pd and 0.13g/t Pt (at 86-102m);
  • 10m at 1.72% Cu, 0.81% Ni, 0.07% Co, 2.07g/t Pd and 0.23g/t Pt (hole FL21-436 at 123-133m);
  • 7.40m at 1.15% Cu, 0.64% Ni, 0.08% Co, 1.70g/t Pd and 0.24g/t Pt (hole FL21-435 at 94-100.4m) and
    11.52m at 0.56% Cu, 0.48% Ni, 0.06% Co, 1.01g/t Pd and 0.22g/t Pt (at 72.6-84.12m);
  • 12.35m at 0.99% Cu, 0.54% Ni, 0.09% Co, 1.11g/t Pd and 0.15g/t Pt (hole FL22-457 at 178.35 -191m);
  • 36.0m at 0.02% Cu, 0.03% Ni, 0.01% Co, 1.08g/t Pd and 0.25g/t Pt (hole FL22-460 at 148-184m);
  • 18.2 m at 0.54% Cu, 0.21% Ni, 0.03% Co, 0.56 g/t Pd and 0.12 g/t Pd (hole FL21-434 at 107.8-126 m );
  • 9.0m at 0.52% Cu, 0.28% Ni, 0.04% Co, 0.76g/t Pd and 0.16g/t Pt (hole FL21-438 at 140-149m) and
    10.0m at 0.39% Cu, 0.40% Ni, 0.05% Co, 0.95g/t Pd and 0.24g/t Pt (at 154-164m);
  • 6.0m at 0.78% Cu, 0.87% Ni, 0.12% Co, 1.80g/t Pd and 0.13g/t Pt (hole FL22-459 at 45-61m) and
    5.3m at 1.00% Cu, 0.62% Ni, 0.07% Co, 1.28g/t Pd and 0.14g/t Pt (at 92-97.3m) and
    6.5m at 0.50% Cu, 0.55% Ni, 0.06% Co, 1.13g/t Pd and 0.14g/t Pt (at 108.5-115m) and
    10.6m at 0.24% Cu, 0.28%Ni, 0.04% Co, 0.80g/t Pd and 0.09g/t Pt (at 126.4-137m).

Assay results for the remaining drill holes are pending. Once all program results are received and compiled, they will be added to the dataset to improve the block model and update the mineral resource estimate that was announced on June 13, 2022 (referred to as NI43 Technical Report -101 filed on Sedar.com on July 13).

In detail, 4,675 meters in 26 holes were drilled in the East Zone. These holes were designed to fill in and expand near surface mineralization that has historically been drilled since the 1950s. The drill holes were offset 50 to 400 meters from previous holes and confirmed the lateral extension of mineralization to the west and east of the East Zone. A further 38 holes were filled in or out within 50 to 100 meters of historic drilling in the West Zone and confirmed its lateral extension to the east and west. The drill holes extended the mineralized horizon down dip at several locations. Finally, four holes successfully tested adjacent satellite mineralized horizons near the East Zone.

Qualified Person:

The technical content of this press release has been reviewed by Dr. Trevor Boyd, P.Geo., a Qualified Person as defined by Canadian National Instrument 43-101.

About Canadian North Resources Inc.:

Canadian North Resources Inc. is an exploration and development company focused on metals for the clean energy, electric vehicle, battery and high technology industries. The company is advancing its 100% owned nickel, copper, cobalt, palladium and platinum project at Ferguson Lake in Nunavut, Canada.

The Ferguson Lake mining property contains significant NI43-101 compliant resources, which include Indicated Mineral Resource of 24.3 million tonnes containing 455 million pounds (Mlb) of copper at 0.85%, 321 Mlb of nickel at 0.60%, 37.5 Mlb of cobalt at 0.07%, 1, 08 million ounces (Moz) of palladium at 1.38 gpt and 0.18 Moz of platinum at 0.23 gpt; Inferred mineral resources of 47.2 million tonnes containing 947 Mlb of copper at 0.91%, 551.5 Mlb of nickel at 0.53%, 62.4 Mlb of cobalt at 0.06%, 2.12 Moz of palladium at 1.4 gpt and 0.38 Moz of platinum at 0.25 gpt. The resource model indicates significant potential for resource expansion along strike and at depth on the 15 km long mineralized belt. (Referred to “Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada, June 13, 2022” filed by the Company on Sedar.com).

For more information, please visit the website at www.cnresources.com or contact:

Dr. Kaihui Yang, President and CEO

Telephone: 905-696-8288 (Canada) 1-888-688-8809 (toll-free)

E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

Certain statements in this press release, including statements that may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “believes” or similar expressions, and statements relating to matters that are not historical facts, are forward-looking information within the meaning of applicable securities laws. These forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, prospects and business opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties. that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements.

These factors should be carefully considered and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this press release and the documents incorporated by reference herein are reasonable, but no assurance can be given that such expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that that actions, events or results do not turn out as planned, estimated or intended. The Company undertakes no obligation to publicly release any future revisions to any forward-looking statements to reflect events or circumstances after the date of such news or to reflect the occurrence of unforeseen events, except as expressly required by law.

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