Thursday, February 23, 2017

Red Eagle Mining - R.t

Red Eagle Mining - R.t is advancing the flagship Santa Rosa project in Columbia.

A Feasibility Study includes $74 million in initial capital costs and cash costs of $596 per ounce. Production started in late 2016.

On February 21, 2017 the company released NEWS

Red Eagle Mining Corp. has closed its previously announced bought deal financing of 20 million common shares at a price of 75 cents per common share for aggregate gross proceeds of $15-million.

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