25.08.2023

New CSIRO company pursues hydrogen game changer for heavy industry

Australia’s national science agency, CSIRO, and corporate advisor RFC Ambrian have co-founded Hadean Energy, a new company to commercialise cutting-edge technology that can produce hydrogen with 30 per cent less electricity and help to decarbonise heavy industry.  

24.08.2023

SIKA: CHF 10 million in funding from the Klimarappen Foundation for new concrete recycling technology reCO2ver

Sika’s innovative reCO₂ver^® technology is now receiving targeted support as part of a climate protection program. The technology involves a novel concrete recycling process that allows old concrete to be entirely reused while facilitating the sequestration of CO₂.  

23.08.2023

Nordic Mining ASA: MoU for coop with Saferock AS on utilization of tailings from Engebø Rutile and Garnet

Nordic Mining ASA announce that the Company, through its wholly-owned subsidiary Engebø Rutile and Garnet AS, has entered into a Memorandum of Understanding with Saferock AS.  

Market-Place-4.0 Lundin Group

22.08.2023

Filo Corp.: Geotech Hole Encounters Unexpected Copper Mineralization

Filo Corp.: Geotech Hole Encounters Unexpected Copper Mineralization /credits: Filo Corp.)

• 1,406m at 1.13% CuEq, including 56m at 5.79% CuEq

Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) announce assay results from hole FSDH084 testing the Aurora Zone along with a summary of the recent geotechnical drilling program at the Filo del Sol Project in San Juan, Argentina. Highlights and detailed results are shown below along with accompanying figures:

• Drillhole FSDH084 infills a 160m gap between holes FSDH055C and FSDH057 with 1,406m at 1.13% CuEq from 170m including:
  • 46m at 310 g/t Ag from 394m in the Silver Zone
  • 642m at 1.70% CuEq from 616m
  • 56m at 5.79% CuEq from 772m.
• Assays received from the geotechnical program returned several mineralized intersections and confirm the presence of strong hydrothermal alteration extending as far as 2km to the east of the Aurora Zone.  In particular:
  • Hole FSGT006 intersected 12m at 5.21 g/t Au from 36m over 600m to the east of the Aurora Zone. This intersection coincides with a large zone of high conductivity indicated by the recently completed MT geophysical survey which is parallel to the Filo-to-Bonita anomaly and extends for at least 2km.
  • The presence of either a parallel mineralized zone or a much bigger system than has been recognized to date opens up a large area of prospective ground to the east for additional exploration.   

Commenting on the release, Jamie Beck, President, and CEO stated, “Hole 84 is the second best hole ever drilled at Filo del Sol from a grade-thickness perspective. The results from Hole 84 confirm continuity of high-grade mineralization within the Aurora Zone and serve as a reminder of the overall size and grade of this remarkable deposit. The unexpected mineralization and alteration encountered in the geotechnical holes, combined with the recent geophysical survey results, is starting to suggest that the Filo del Sol system may be even bigger than we think.”

Mineralized zones within the mineralized zones at Filo del Sol are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.
FSDH084 was collared on Section 9300N, approximately halfway between hole FSDH055C on Section 9200N and holes FSDH057 and FSDH069A on Section 9400N, and confirms continuity of the zone, including the high-grade Breccia 41 Zone, in this area. The hole reached a final depth of 1,576m and ended in mineralized breccia dominated by granite fragments. The geology in this hole matches the nearby holes and the geological interpretation very well, and provides additional evidence of the regular grade distribution and predictability of mineralization within the Aurora Zone.     

Geotechnical drilling was carried out in support of the Company’s studies of a potential underground adit to provide platforms to more efficiently drill out the Aurora Zone and Breccia 41. Five holes, totalling 1,597m of drilling, were completed and all holes were sampled in order to characterize the geochemistry of potential waste rock. This drilling encountered significant mineralization in the form of a 12m intersection returning 5.21g/t gold, including 4.0m at 10.25 g/t gold, at a shallow depth in hole FSGT006. This hole is 600m to the east of the nearest hole into the Filo del Sol deposit, and although copper values are uniformly low, it indicates that peripheral alteration and mineralization extend to this area.  

The concept of a new zone of mineralization parallel to the Filo del Sol deposit, or an extensive easterly extension to it, is also supported by the 2023 geophysical surveys and by other holes from the geotechnical program. These holes intersected significant intervals of elevated zinc and silver 1.6km east of the nearest Filo del Sol deposit holes.  These metals are commonly elevated in the peripheral zones of porphyry deposits, and often form a useful indicator of nearby copper and gold mineralization. At Filo del Sol they are also elevated within the high-sulphidation (HS) system and their presence this far away from the Filo – Aurora trend is highly encouraging.
 

 
Holes FSGT006 and FSGT007 lie within, or adjacent to, a conductive zone modelled from IP and MT data collected during recent geophysical surveys. This zone trends parallel to the main Filo conductivity anomaly and is stronger at shallower depths. The other geotechnical holes are to the east of the surveyed area.

Taken together, the drilling and geophysical data suggest the presence of either a parallel mineralized zone or a much bigger system than has been recognized to date and opens up a large area of prospective ground to the east for additional exploration. No determination has been made on the potential adit at the time, and the unexpected mineralization encountered from the geotechnical drilling will lead to re-evaluation.  

Outlook

Drilling is ongoing with nine rigs active on the project, focusing on Aurora infill and the Aurora-Bonita gap. The drilling productivity this Austral winter has been remarkably better compared to last winter, due to milder weather conditions and improvements in operational protocols. FSDH087 (Aurora-Bonita gap) is now complete with assays pending, and reached a final depth of 1,472m. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.

Source: Filo Corp.

#copper #exploration #mineral resources #critical minerals #raw material supply #resources business #energy transition #silver #gold #Lundin Group #Mining #Energy #underground mining

                     

22.08.2023

More uncertainty for Queensland resources companies

Investor confidence in Queensland’s resources sector will be further shaken by today’s extraordinary threat by Treasurer Cameron Dick to revoke coal mining leases, the Queensland Resources Council (QRC) said today.