Thursday, October 20, 2016

The Walton Nickle

It's a mysterious US nickel that was estimated to bring $2.5 million at auction. The coin, known as the Walton nickel, surpassed estimates and sold for $3.17 million in early 2013.
This nickel is both old and rare, one of only five that were struck at the U.S. Mint in Philadelphia in 1913. That year a buffalo image was to replace the Liberty head design on the front side of the U.S. nickel. Five coins were inadvertently struck with the old image.

The coin is not supposed to exist. It is supposed to have the buffalo design.

The existence of the coin and its four mates was not discovered until 1920, by which time the five 1913 Liberty head nickels had fallen into the hands of different owners. But for many years, the Walton nickel, named after one of its owners, coin collector George Walton, went missing.

The last time the Walton nickel was up for sale was 1944, when Walton bought it for $3750. Eighteen years later, Walton was killed in a car accident while on his way to a coin show. Though Walton's collection was recovered, his family was told that the 1913 Liberty nickel he had with him that day was a fake.
A decade ago, as a promotion for a display of the other four nickels in the set, a $1 million reward was offered for anyone who brought in the missing coin. Walton's family decided to bring their nickel in to see if it might be real after all. Indeed it was.

The family decided to put the coin up for auction. "It's been in their family for 70 years. They decided that the hundredth anniversary of the coin was the right time to sell it and for another collector to have it.

Critical Elements Corporation - CRE.v

Critical Elements Corporation - CRE.v is advancing the flagship Rose Lithium-Tantalum project in Quebec.

A PEA on the project suggests an IRR of 25%, with an estimated Net Present Value (NPV) of CA$279 million at an 8% discount rate. The payback period is estimated at 4.1 years.

On May 18, 2016 the company released News

Critical Elements Corporation (“Critical Elements” or the “Company”) (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) and Natan Resources Ltd (“Natan”) (TSX-V: NRL) are pleased to announce that the Phase 1 exploration program for Duval Project in Northern Quebec is being finalized, and the Company has commenced its program in the field. The Duval Project is contiguous to and along strike with the Whabouchi project of Nemaska Lithium Inc. (“Nemaska”) who recently reported encountering a new lithium-bearing zone in the south-western end of the planned pit area (see Nemaska press release dated September 6, 2016). Nemaska reported that this new zone has been intersected in multiple drill holes at up to 500 m vertical depth, and is located at the south-western end of the pit area, approximately two kilometers from the north-eastern boundary of Duval 2,459 hectare property.

Wednesday, October 19, 2016

American Manganese Inc. - AMY.v

American Manganese Inc. - AMY.v plans to produce electrolytic manganese for the steel and rechargeable battery markets with a breakthrough lower cost, cleaner process. The company’s Artillery Peak property in Arizona is the largest known manganese deposit in the Southwest U.S.

On October 14, 2016 the company released News
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or the “Company”), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce that the Company has received results on The X-Ray Diffractograms on lithium cobalt oxide (LiCoO2) and cobalt tetraoxide (Co3O4) samples produced under different experimental conditions, using American Manganese’s lithium ion battery cathode powder up-cycling process. Up-cycled LiCoO2 compounds were produced by completely leaching LiCoO2 cathode powders, precipitating cobalt and lithium compounds and heat treating the precipitated compounds to regenerate LiCoO2. Similarly the up-cycled Co3O4 was produced by completely leaching LiCoO2 cathode powders, selectively precipitating Co(OH)2 from the leach solution and heat treating the precipitated Co(OH)2 to regenerate Co3O4.

Quantitative X-Ray diffraction (XRD) was used to characterize the LiCoO2 and Co3O4 compounds produced after treatment with the American Manganese process and comparing these compounds with commercial battery grade compounds purchased from a commercial supplier.

Tuesday, October 18, 2016

Rare Viking gold found in Northern Ireland

A rare piece of Viking gold dating back more than a thousand years was discovered by an amateur treasure hunter in County Down in Northern Ireland in 2013. The metal, 86 per cent pure gold, was used during the Viking period as currency and measured by weight and were often cut into smaller amounts.

Tom Crawford of Brickland in County Down made the discovery.
Written records say the Vikings plundered Loughbrickland in 833 AD. The gold may be a direct result of contact between locals and the Scandinavians. Nearby regions of Strangford and Carlingford loughs were areas of intense and enduring Viking activity.

Gold is extremely rare in the Viking period, while there are vast quantities of silver. There are very, very few parallels to the ingot.
In March 2012 a treasure hunter with a metal detector unearthed a 3,000-year-old piece of ornate gold jewellery from a bog in Northern Ireland.

Ronald Johnston first thought the Bronze Age torc was an old car spring. The coiled metal, typically worn around the neck or waist, would actually have belonged to a Celt who had “access to extreme wealth,” said Armagh County Museum’s Andrea Kennedy.
The torc would date from 1300 to 1100 B.C.

A symbol of the Celts’ “delight in gaudy ostentation,” according to the ancient Greek philosopher Poseidonius, torcs carried distinctive designs created by local blacksmiths. The word torc comes from the Latin for “to twist” or torque.

Callinex Mines Inc. - CNX.v

Callinex Mines Inc. - CNX.v is focused on discovering and developing zinc and copper rich mines within prolific Canadian VMS mining jurisdictions.

On October 18, 2016 the company released News
Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce a new high-grade zinc, gold, silver and copper discovery at the Company’s Pine Bay Project, located near HudBay’s operations in Flin Flon, Manitoba (See Figures 1, 2 and 3). The discovery hole, 284-3-93-DPN, intersected 10.3m grading 13.1% zinc equivalent mineralization (“Zn Eq.”) containing 6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb including a higher grade interval over 4.2m grading 20.8% Zn Eq. containing 11.8% Zn, 2.4 g/t Au, 73.8 g/t Ag, 0.7% Cu and 0.7% Pb. The discovery was made by extending a historic Placer Dome drill hole by 38 meters. The historic drill hole, which ended in copper-bearing sulphide mineralization, was initially drilled as part of their mandate to discover a 30 million ton Volcanogenic Massive Sulphide (“VMS”) deposit at the Pine Bay Project.