Wednesday, February 22, 2017

Bonterra Resources Inc. - BTR.v

Bonterra Resources Inc. - BTR.v is a gold exploration company focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the Abitibi Greenstone Belt in Quebec.

On February 13, 2017 the company released News

BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “BonTerra”) is pleased to announce that it has entered into an amended agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP (“Sprott”) to act as lead underwriter (the “Lead Underwriter”) and INFOR Financial Inc. (collectively, the “Underwriters”), and has agreed to increase the offering size of purchased securities from $12,902,400 to $13,974,800 in gross proceeds (the “Offering”).

The Offering will consist of a combination of (a) 11,000,000 flow-through common shares of the Company (“Flow-Through Shares”) at a price of $0.35 per Flow-Through Share and (b) 36,160,000 common shares of the Company (“Common Shares”) at a price of $0.28 per Common Share. As previously announced, the Company will complete a non-brokered private placement of 3,660,000 Common Shares at a price of $0.28 per Common Share (the “Non-brokered Offering”). The Non-brokered Offering will be completed on the same terms as the Offering. The Non-brokered Offering will close concurrently with the Offering. Total gross proceeds from the Offering and Non-brokered Offering is $14,999,600.

Tuesday, February 21, 2017

Dangerous Minerals

Coloradoite is a mercury telluride compound formed when mercury fuses with tellurium, another extremely toxic and rare metal.

The combination of the two elements poses the risk of serious poisoning. If heated or chemically altered, deadly vapor and dust is released. Tellurium minerals may combine with gold. The streets of Kalgoorie in Australia were mined in a bizarre gold rush after the realization that gold-bearing tellurides had been used to fill potholes.
Chalcanthite crystals are composed of copper, combined with sulfur and other elements and water. This arrangement turns copper into an extremely bio-available crystal.

The copper becomes water soluble, and may be assimilated in great quantities by any plant or animal, rapidly weakening it and then killing it.
Hutchinsonite is a hazardous mixture of thallium, lead and arsenic. The three poisonous metals form a lethal mineral cocktail.

Thallium is the dark twin of lead. This thick, greasy metal is similar in atomic mass but even more deadly. Thallium is a rare metal that appears in highly toxic compounds consisting of combinations of elements. The effects of thallium exposure include loss of hair, serious illness through skin contact and in many cases, death.
Galena is the principle ore of lead, and forms glistening silver cubes with almost unnaturally perfect shapes. Although lead is normally extremely flexible, the sulfur content of galena makes it brittle and reactive. Galena may lead to lead dust exposure.

Once extracted, the lead content poses environmental and health threats during treatment and extraction. Galena has a cubic fracture, and if hit with a hammer, the crystal will shatter into multiple smaller replicas of its original shape.
Asbestos is a fully natural category of minerals composed of silica, and the most abundant of Earth’s hard elements, iron, sodium and oxygen. Asbestos deposits consist of aggregates of thousands of tiny, fibrous crystals that can become airborne and lodged in the human lung. Carcinogenic effects occur through persistent irritation of the lung tissues, leading to scarring.
Arsenopyrite is arsenic iron sulfide, which is the same type of mineral as pyrite (fool’s gold, iron sulfide), but with a heavy addition of arsenic. If one attempts to heat or alter the mineral, a strong garlic odor of arsenic will be produced as lethally toxic, corrosive and carcinogenic vapors are released. Just handling the mineral brings one into contact with sulfuric arsenic salts.
Torbernite crystals form as secondary deposits in granitic rocks, and are composed of uranium. Formed through a complex reaction between phosphorous, copper, water and uranium, the crystal releases lethal radon gas.

The bright green crystal blooms were used by prospectors as indicators of uranium deposits.

Luna Gold Corp.- LGC.t

Luna Gold Corp.- LGC.t and JDL Gold (TSX-V: JDL) have announced an agreement to combine their businesses. The combined company intends to change its name to Trek Mining Inc. and expects to trade on the TSX-V under the ticker symbol “TREK”.

The combined company will have near-term production from the Aurizona gold project in Brazil and increasing gold production from milling operations at the Koricancha Mill in Peru.

On February 14, 2017 the company released News

JDL Gold Corp. (TSX-V: JDL) (“JDL”) and Luna Gold Corp. (TSX: LGC) (“Luna Gold”) are pleased to announce that in connection with the business combination and private placement financing announced on February 1, 2017, JDL has entered into an agreement with Haywood Securities Inc. and National Bank Financial Inc., on behalf of a syndicate of underwriters, for a bought deal private placement of subscription receipts for gross proceeds of C$15 million.

The Company has also granted the Underwriters an option, exercisable in whole or in part up to 48 hours prior to the closing of the offering, to purchase up to an additional 2,500,000 subscription receipts for additional gross proceeds of up to C$5 million. In addition, due to substantial demand, the previously announced non-brokered private placement of subscription receipts has been increased to up to C$50 million

Monday, February 20, 2017

Greenland Ruby

Gemstones have been found in Greenland, including diamond, ruby, sapphire, kornerupine, tugtupite, lapis lazuli, amazonite, peridot, quartz, spinel, topaz, and tourmaline.
Most of Greenland's ruby and sapphire occurrences are located near the village of Fiskenaesset on the southwest coast.
A total of 31 ruby and sapphire occurrences have been confirmed in the Fiskenaesset district. The Aappattuloq Ruby project was being developed by True North Gems Inc. The company recently announced financial problems with the project being sold.
Ruby and pink sapphire rough has been recovered. The bulk of the material is rather small, with 90% (by weight) measuring less than a quarter inch (6.3mm). The quality of the rough raises hopes that Greenland Ruby might play an important role on the world gem markets in the future.

The largest gem facetted to date weighed 0.69cts and was evaluated at $ 2.100,00 (US wholesale).

In May 2011 an initial resource calculation was announced for Aappaluttoq. The resource included indicated resources of 189,150 tonnes of material hosting 59 million grams (296 million carats) of corundum and inferred a further 21 million grams (109 million carats) to a depth of 65m.

The resource is National Instrument 43-101 compliant and is the first coloured gemstone resource ever to be published under these laws.

LNS says it expects the first rubies from Greenland’s Aappaluttoq mine to be on the market by January.
Norway’s LNS was a junior partner in the project, responsible primarily for building the mine for True North Gems. LNS saw its opportunity to take over completion of Aappaluttoq after True North Gems failed to raise the final $15 million it needed. The board voted to ask the court in Nuuk to declare the operation bankrupt in order to avoid being made liable for eventual losses.

LNS continued to see potential in the mine, and it put in a bid to take the mining licences.