La propuesta del titular de la Semarnat, Víctor Toledo Manzur, de nacionalizar la minería de litio sería una amenaza contra las inversiones privadas y generaría desconfianza en el país, dijo Javier Villarreal Gámez, subsecretario del Trabajo del Comité Nacional de la CTM.
Joey Wilkins, CEO and President commented “Our geological mapping and geochemical sampling delineated five mineralized porphyry targets southwest of the main California target. This new 3-D IP data gave us more than we had hoped for in defining several strong and large chargeability anomalies that coincide with our geological and geochemical targets. None of the Jacobo, Purisima West, Purisima East and Estrella targets have ever been drill-tested.”
China’s Ganfeng Lithium , one of the world’s biggest producers of the material, said late on Wednesday it would buy almost 7% in Chinese cobalt firm Ganzhou Tengyuan Cobalt New Material for 300.12 million yuan ($42 million).
Shareholders voted overwhelmingly in favour of all items of business before the Meeting.
“The English and Chinese companies are coming already,” Toledo said. “Lithium should be nationalized and the government should create a company, which could be private or public, but the government should control the use of lithium.”
Silver Dollar Resources Inc. is pleased to report it has commenced fieldwork on the Longlegged Lake property located in the Red Lake Mining Division of northwestern Ontario.
Moving forward, scheduled work to be done, and included with these and previous results, are structural analyses with associated survey tools by structural geologists, and XRF survey of samples across the property and of historic drill hole samples held in storage. XRF identifies elements and their amounts which in turn help to identify pathfinder elements. All these surveys and analyses will be taken collectively in order to locate the structures and hence mineralization to provide targets for the drill program; currently anticipated in late summer/early fall of this year.
“This hole drilled in the Rascadero area of the Los Ricos South project is our northernmost hole drilled to date in the area and it is encouraging to see such a wide intersect of high grade mineralization in this area,” said Brad Langille, President and CEO. “This may represent the beginning of a new ore shoot on the northwesternmost area of Los Ricos South.”
New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding 6.25% Senior Notes due 2022 on or about July 10, 2020.
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