Friday, February 23, 2018

Pascal Biosciences Inc. - PAS.v

Pascal Biosciences Inc. - PAS.v was founded in 2013 in Vancouver, Canada based on discovery research at The University of British Columbia (UBC). To realize clinical benefit from the fruits of the ongoing basic discovery research at UBC, Pascal has recently established an R&D subsidiary in Seattle.
On February 21, 2018 the Company released News

Pascal Biosciences Inc. (TSX.V:PAS) today announced the Company has discovered certain cannabinoids that enhance the immunogenicity of tumor cells, rendering them more susceptible to recognition by the immune system. This discovery is important because the leading class of new cancer fighting agents, termed “checkpoint inhibitors”, activates the immune system to destroy cancer cells. Enhancing recognition of cancer cells with cannabinoids may greatly improve the efficacy of this drug class. Cannabinoids are the chemical compounds which give the cannabis plant its medicinal properties with over 100 different cannabinoids identified. There is a growing body of research demonstrating the effectiveness of cannabinoids in the treatment of cancer symptoms, including nausea, appetite enhancement, and pain management. However, Pascal is the first to identify a mechanism in which cannabinoids may provide a direct benefit in immunotherapy.






Wednesday, February 21, 2018

IDM Mining Ltd. - IDM.v

IDM Mining Ltd. - IDM.v is focused on the flagship Red Mountain Gold Project.

The Red Mountain Project is an advanced stage gold project located in north western British Columbia 18km east-southeast of Stewart, BC. Over $40 million in work has been completed on the property by previous operators.
On February 13, 2017 the Company released News

IDM Mining Ltd. has confirmed significant and encouraging progress from the geologic compilation of drill results from the 2017 exploration program at the Red Mountain gold project, located 15 kilometres east of Stewart, B.C. This work is currently progressing toward an updated resource estimate in spring 2018, which will incorporate the revised geological model, 2017 drilling results and historic gold intercepts that were not previously included in the current resource estimate.











http://pennystockjournal.blogspot.com/2016/05/idm-mining-ltd-idmv.html

Monday, February 19, 2018

Montepuez ruby mine, Mozambique

The Montepuez ruby deposit is located in the northeast of Mozambique. Covering 33,600 hectares, it is the most significant recently discovered ruby deposit in the world.

The concession is located at a geologically critical junction between the north-south trending Mozambique Belt and the east-west trending Zambezi Belt. Both are “treasure-bearing” Neoproterozoic orogenic belts within the global Pan-African tectonic framework.

Estimates of probable ore reserves are 432 million carats at a diluted grade of 15.7 carats per tonne.
Gemfields PlC (LON:GEM) announced last year that Montepuez has enough reserves to last 21 years. Rubies are formed when fluid derived from the parental magma interacted with the host rocks under a silica unsaturated environment. After hundreds of millions years of erosion, rubies are liberated from the host rock and transported and concentrated by water and eventually settled in alluvial, colluvial, and eluvial deposits.
At its inaugural June 2014 auction of ruby and corundum Montepuez ruby achieved $33.5 million or an average $18.43 per carat with 92 percent sold by lot.

The auction saw 2.03 million carats of ruby and corundum placed on offer, of which 1.82 million carats were sold.

If this is the case, the stone could yield a cut and polished ruby with a wholesale value of $1.5 million or more.
In November 2015 Gemfields discovered a 40.23-carat ruby at Montepuez which it has called “one of the most important rubies unearthed in recent times”

While the yield from the rough varies, one may assume 30 to 40 percent. This should provide a 12 to 16 carat gem. The question is how clean the stone is and if it requires heat treatment. A clean stone without heat treatment is more valuable.
The stone is significant because it attests to the mine’s ability to produce important rubies.

Due to the rarity of rubies, the discovery of a 40-carat ruby is comparable to finding a 100-carat rough diamond.

Sunday, February 18, 2018

Gold Mining in Sudan - terra incognita - Update

Despite its political instability, Sudan and South Sudan’s geology hosts high quality gold deposits.

The Blue Nile and the White Nile join forces at Khartoum. It slowly makes its way through the ancient Kingdom of Kush, before releasing Sahara sediment into the Mediterranean. From the confluence at Khartoum, the river is known as the Nile.
The gold deposits in Sudan look impressive; however, the issue will always be about risk. The fact not enough modern exploration has been undertaken in Sudan, and specifically South Sudan, is why the area is attractive.

South Sudan is considered terra incognita with regard to its economic geology, and infrastructure doesn't exist. A high risk region like Sudan demands a significant premium with higher returns and a shorter investment period.
Despite Sudan’s potential, there is an absence of large exploration projects and operating mining companies. Apart from small and artisanal mining in the south, no other mines are operating in the region. In the north, closer to Khartoum, the government owned Ariab Mining Company (AMC) has been operating the Derudeb and Hassai mines for more than two decades.

Sudan is not only blessed with gold. Beryl is found in the pegmatite of the Bayuda desert in central Sudan and chromite occurs in the Ingessana Hills. Copper with grades of 4.1% was mined 200 years ago in the Hofrat En Nahas deposit, while iron (Fe) deposits are located in the area of Jebel Abu Tulu.
Two years ago over 100,000 people fled a battle over a gold mine between two Arab communities in Sudan's Darfur region. The fighting broke out in the Jebel Amir gold mining area.

The fight was between the Beni Hussein, who are largely cattle herders, and the northern Rizeigat, a powerful tribe known for its camel herding. Scores of people were killed and dozens of villages burned. Members of the Beni Hussein tribe accused government forces of helping the Rizeigat.
Sudan expects to produce 50 tonnes of gold this year, earning $2.5 billion. The country is seeking to offset the loss of most oil reserves when South Sudan became independent.

Sudan is boosting production of gold and other minerals to gain new sources of state income and of foreign currency needed to fund imports. Output of 50 tonnes could potentially make it Africa's third largest gold miner behind South Africa and Ghana, and push it into the top 15 producers globally.
Sudan is among Africa's poorest countries, but is sitting on top of perhaps the largest gold reserves in the continent, according to a recent survey by Arab League's Arab Industrial Development and Mining Organization (AIDMO).

Saturday, February 17, 2018

Japan Gold Corp. - JG.v

Japan Gold Corp. - JG.v is the first foreign mineral exploration company to focus solely on Japan. Japan hosts 76 known past producing gold mines, including five one-million-plus-ounce gold deposits.
Hishikari Gold Mine, Kagoshima, Kyushu, Japan Sumitomu Metal and Mining Corp
On February 5, 2018 the company released News

Japan Gold Corp. is pleased to report results from its first scout drill holes completed in late December 2017 on the Akebono prospect at its Ikutahara Project in Hokkaido, Northern Japan. The following intersections downhole were returned from the targeted epithermal quartz vein:
IKDD003: 0.45 m (true width 0.37 m) @ 29.7 g/t Au and 77g/t Ag from 39.1 m and
IKDD001: 0.4 m (true width 0.39 m) @ 4.6 g/t Au and 107g/t Ag from 17.25 m
These results support the presence of high grade gold shoots in the Akebono vein system previously indicated by historic sampling of underground workings.