MGG Hits 3,860 g/t Silver and QIMC Discovers Helium
Similar to how Energy Transition Minerals (ASX: ETM) is working directly with American Global Strategies’ Alexander B. Gray to get the uranium restrictions lifted, Gray previously served as Deputy Assistant to the President and Chief of Staff of the White House National Security Council and as the White House official principally responsible for matters affecting the defense and manufacturing industrial base…
Homeland Nickel (TSXV: SHL)’s new Patriot Nickel spin-off is being led by Jeffrey Strobel, a seasoned mining executive and former U.S. Navy officer who flew F-14 Tomcats. Strobel has more than 20 years of mining experience, previously served as CEO of Atlantic Carbon Group, where he doubled coal production and processing and brought the company to profitability, and was VP of Business Development and Strategy at Arch Resources, where he managed more than $1 billion in transactions. He is also a graduate of Columbia Business School.
Minaurum Silver (TSXV: MGG) has just announced that it successfully reopened the first 600 m of underground workings at its historic Promontorio Mine, which historically produced an estimated 70 million oz of silver and already contains 28.6 million oz AgEq of Minaurum’s current 55.2-million-oz AgEq Alamos resource. Initial underground channel sampling is confirming that extremely high-grade mineralization remains, highlighted by 0.30 m grading 4,142 g/t AgEq, including an extraordinary 3,860 g/t silver, along with multiple additional samples grading 480-733 g/t AgEq. Minaurum now has direct underground access that allows it to map, sample and eventually target extensions of a major historic silver system that remains open at depth and along strike.
QI Materials (CSE: QIMC) today reported results from 526 new soil-gas samples at its New Salem–Apple River area. The survey identified three coherent helium anomaly zones associated with mapped regional faults. The strongest result was 5.864 ppmv helium in Zone C, where 17 of 25 stations on one survey line were anomalous, including an unbroken 800-metre stretch of anomalous samples. Zone B contained a 1.5-km anomalous segment and peaked at 5.690 ppmv.
QIMC has not only discovered helium at surface… the helium anomalies appear to be structurally controlled by the same type of fault system that QIMC is exploring as part of its broader natural-gas/hydrogen model.
QIMC now has:
1) Natural hydrogen at depth, including its recently reported record 30.0% H2 at 413 m at Bennett Hill, along with observations of pressurized free gas reaching surface during drilling.
2) Helium anomalies at surface associated with mapped faults.
3) An upcoming 2D seismic program designed to image those faults and, critically, look for structural closures where migrating gas could potentially accumulate.
Finding gas migrating along faults is one thing; identifying a subsurface structure capable of trapping and accumulating gas is much more significant from an exploration standpoint.
QIMC is responding to today’s results by adding approximately 8.5 line-km of seismic, increasing its Nova Scotia program from 42 km to roughly 50 km. The new lines are specifically designed so that each helium anomaly will be crossed by seismic. If QIMC can show that a strong surface helium anomaly sits directly above a seismic-defined structural closure, it would have a target supported by two independent datasets: geochemistry + geophysics.
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