Jacob Lorinc’s Post

The severe thunderstorm watch for the Central Interior of BC is living up to expectations this afternoon with a brief, but intense, display of rain, hail, lightning, and thunder. In the July 23rd newsletter: a technical report and program updates in BC, while in the YT, Cantex becomes the first company to publicly and proactively respond to the Department of Lands and Resources of the FNNND request for a temporary pause to all mining and exploration so the FNNND can prioritize resources for the ongoing impact of the Eagle Mine in-valley heap leach pad failure and several forest fires near their community. Some info not included: The Government of Canada is changing trade barriers to help commerce move more freely within Canada by removing or narrowing one-third of all federal exceptions under the Canadian Free Trade Agreement, and the Government of Yukon issues a statement on additional inspector’s directions issued to Victoria Gold Corporation regarding the Eagle Mine. The newsletter link is in the comments! #BritishColumbia #Yukon #MineralExploration #Mining #NewsReleases

Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce the release of an integrated resource estimate for its 100% owned North Island Project (the “Resource Estimate”) which integrates the Hushamu, Red Dog and Northwest Expo deposits. The Resource Estimate will be used for the development of an updated preliminary economic assessment (“PEA”) on the North Island Project which is now anticipated in early Q1 2025. Sam Lee, President & CEO of Northisle stated “We have reached yet another milestone at the North Island Project with the updated global resource which is a culmination of our focused exploration program over the past four years. The project now boasts over 3 billion pounds of copper and nearly 7 million ounces of gold in Indicated resources, making it one of the largest copper and gold porphyries in Canada not currently owned by a major. These results form the basis for the completion of the new PEA on the North Island Project and allow us to contemplate a phased project with lower initial capital intensity that can bridge to a potentially larger project and longer life of mine.” Read full news release - https://bit.ly/483NZBt #copper #gold #preciousmetals #criticalminerals #investing #resourceupdate #northislandproject

Our penultimate contenders for the #GMJ Miner and Explorer of the Year have endured contrasting relationships with the regulators in 2024. Regis Resources Ltd made international headlines when the Federal Environment Minister thwarted its plans to develop a mine in NSW, but the company still managed to produce more than 400,000 ozpa from its WA assets while closing its awkward hedge book. Across the ditch, Santana Minerals Ltd has more than solidified its 2.2 moz Bendigo-Ophir project as New Zealand’s next major gold mine at a time when the country’s government is looking to the resources sector to resurrect the economy. What influence will government intervention have on our judges? Stay tuned as we announce the remaining finalists and, ultimately, the 2024 winners! #MiningIndustry #GoldMining #MineralExploration #ResourceSector #MiningNews #SustainableMining #MiningInnovation

In Sierra Leone, the mining industry has long been a cornerstone of the economy, providing jobs and driving development. However, this growth often comes at a significant cost to the environment and local communities. In this short video, titled: "Mine Rehabilitation and Closure Bonds", the Environment Protection Agency paved the way for the urgent need for sustainable mining practices to protect the environment in the country. https://lnkd.in/dRXMpmCZ

October 18th: Diamond drill program completions and an updated resource estimate for projects in YT with an announcement of a Spin-Out of a project in the Golden Triangle of BC. Some info not included: * The Canadian Government launches a process for Canadian businesses to request remission of surtaxes on electric vehicles (EVs) and steel and aluminum imported from China to assist with adjusting supply chains and not to be unduly burdened by surtaxes on imports; * Henry Lazenby, of The Northern Miner, reports on "How resource 'classification debt' chips away at miners' growth and investment trust"; * The Government of Yukon provides an update on the Eagle Gold Mine heap leach failure near Mayo including groundwater sampling, berm construction, and pit pond extension; * Canada celebrates Persons Day marking the historic decision made in 1929 to include women in the legal definition of 'persons'; * The Impact Assessment Office of Canada receives the Vice-President's response as a Non-designated project for Coalspur Mines's proposed Vista Coal Mine Phase 1 Project near Hinton in Alberta due to its substantial start as an underground mine; The newsletter and Yukon Government announcement links are in the comments! #BritishColumbia #Yukon #MineralExploration #Mining #NewsReleases

Last night's election result is a clear indication that sovereign risk from failing to consult on changes to critical government legislation, will not be accepted by the voting public, especially in the mining regions. The increases in coal royalties, despite promises otherwise, were a betrayal of all hard-working miners, mining companies and industry suppliers. The results are still being finalised, but the loss of Mackay, Cook, Rockhampton, Keppell, Townsville, and Thuringowa, with a swing towards the LNP in Burdekin shows that voters will not tolerate being treated as second-class citizens and being taken advantage of. The flood of money from these regions into South East Queensland, bereft of investment back into the regions that generate the revenue was heard loud and clear- and this result is a clear result of this. #CoalMining #QueenslandMining #Queensland

Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce an initial mineral resource estimate (the “Resource Estimate”) for the Northwest Expo deposit at its 100% owned North Island Project, located on Vancouver Island in BC, Canada. Sam Lee, President & CEO of Northisle stated “Today’s new resource estimate at Northwest Expo has exceeded our expectations of defining a 40 to 50 million tonne resource within the gold enriched Zone 1. Including the impact of the 88% gold and 76% copper recoveries, the average NSR value per tonne is nearly triple the NSR value in the North Island Project PEA and approximately $80/tonne at spot prices. With a relatively low strip ratio, this sets a strong basis for the rapid advancement of a potential high margin, near surface deposit that could be sequenced at the beginning of our large, long life North Island Copper and Gold project. We will be aggressively advancing development and exploration under our fully funded 2024 program.” See news release - https://bit.ly/48NRevj #gold #copper #preciousmetals #criticalminerals #resourceestimation #exploration #investing

South Deep gold output well down as Gold Fields implements recovery plan https://bit.ly/4bt0ruY

U.S. Gold Corp. (NASDAQ:USAU) CEO George Bee talked with Proactive's Stephen Gunnion about the latest developments at the CK Gold Project. Bee highlighted the project's achievements, including the completion of its permitting process with the air quality permit now secured. While the focus remains on mining copper and gold, Bee shared insights on an innovative plan to repurpose non-copper and gold-bearing rock. Bee explained, "What we found is that the non-copper and gold-bearing rock is actually very marketable." The project’s location near Cheyenne, Wyoming, presents opportunities to supply rock for construction and infrastructure projects, including housing developments, roadways, and rail lines. The state benefits through royalties, while the company anticipates additional revenue streams and reduced reclamation costs. Importantly, these plans are not yet factored into the project’s economics, showcasing further potential upside. Bee noted the broader benefits for the local community and the potential for extending the mine’s life beyond the initial ten-year plan. Visit Proactive's YouTube channel for more videos, and don’t forget to like, subscribe, and enable notifications for updates. https://lnkd.in/eZgdVXdm #USGoldCorp #MiningInnovation #CopperGoldMining #CKGoldProject #WyomingMining #SustainableMining #RockRepurposing #ConstructionMaterials #InfrastructureDevelopment #miningdiscovery #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Of the many copper feasibility stage projects in our database, can you believe that only 15 have costed and disclosed their reclamation liability? Despite the critical importance of this issue, these projects have only budgeted a total of $1.2 billion for reclamation costs. This underfunding poses a significant risk to the environment and the industry's reputation. In our view, this is a disaster waiting to happen. Get a hold of your reclamation liability with Costmine’s Reclamation Cost Guide and Sherpa Reclamation https://lnkd.in/eghTnPPx and speak with our reclamation expert Krista Noyes to learn more! #Mining #Reclamation #EnvironmentalResponsibility #Costmine #Sherpa #CopperProjects #MiningIndustry #Sustainability #MiningExperts #MiningNews