Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Recent drill results. Labrador Gold released results from recent drilling associated with its 100,000-meter drill program at its 100%-owned Kingsway gold project targeting the Appleton Fault Zone over a 12-kilometer strike length.A total of 52,648 meters have been drilled to date with assays pending for samples from approximately 3,343 meters of core. The company has four drill rigs operating, including two at the Big Vein target, one rig at the Golden Glove target, and one at the CSAMT target. Till sampling and prospecting continues to generate new drill targets along the Appleton Fault Zone and the gabbro trend north and south of Midway. Drilling on these targets will commence once initial drilling at the CSAMT target is complete.
Big Vein results continue to impress. At the Big Vein target, Hole K-22-177 returned 2.02 grams of gold per tonne over 32 meters from 134 meters depth that included 18.08 grams of gold per tonne over 0.63 meters and 11.42 grams of gold per tonne over 1.05 meters. It represents the longest mineralized intersection on the property to date. Hole K-22-187 at Big Vein southwest intersected 12.84 grams of gold per tonne over 0.8 meters from 341 meters depth.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
VANCOUVER, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) is pleased to report positive drill results from its ongoing drill program at its Parral project in the State of Chihuahua, Mexico. The high-grade silver results show the potential for resource expansion at depth and along strike in the El Verde and Sierra Plata Deep areas along the Veta Colorada structure. Since April of this year, the Company has drilled over 5,300 meters in 23 holes, totaling 8,100 meters year to date, with the aim to define and extend mineralized zones.
Considerable exploration potential remains along the 35 square kilometre land package and exploration will be on-going, with additional testing for new discoveries with surface mapping and sampling underway. This program will aid the Company’s goal to define a mineral resource large enough to support a preliminary economic assessment.
Highlights from Recent Drill Results
199 gpt Ag, 4.68% Pb and 2.64% Zn for 428 gpt AgEq over a 3.48 m ETW , including 501 gpt Ag, 8.08% Pb and 6.50% Zn for 971 gpt AgEq over 0.27 m (VCU-78)
322 gpt Ag, 5.19% Pb and 1.62% Zn for 528 gpt AgEq over a 1.67 m ETW , including 605 gpt Ag, 14.8% Pb and 3.46% Zn for 1,150 gpt AgEq over 0.53 m (VCU-80)
664 gpt Ag, 1.88% Pb and 0.80% Zn for 747 gpt AgEq over a 5.56 m ETW , including 5,600 gpt Ag, 15.35% Pb and 1.75% Zn for 6,096 gpt AgEq over 0.22 m (VCU-90)
242 gpt Ag, 0.48% Pb and 1.66% Zn for 317 gpt AgEq over a 5.34 m ETW , including 711 gpt Ag, 0.53% Pb and 2.13% Zn for 806 gpt AgEq over 0.52 m (VCU-96)
Abbreviations include: gpt: grams per tonne; Ag: silver; Pb: lead; Zn: zinc; ETW: estimated true width; m: metre; HW: hanging wall. Silver equivalents are calculated using a silver price of $22 per troy ounce, lead price of $0.90 per pound and zinc price of $1.20 per pound.
“In the areas of the El Verde and Sierra Plata historically mined areas, we continue to verify extensions of the mineralized zones at depth and along strike,” stated Dan Dickson, Chief Executive Officer. “The focus for the rest of the year will be to test the northern part of the project with a surface drilling program on various north to south striking structures, such as the northern extension of Veta Colorada, San Alberto and the El Cabezón systems; as well as resuming drilling of the San Patricio vein.”
Latest Drill Results
The Parral drill results are summarized in the following tables:
Silver equivalents are calculated using the formula: Ag (gpt) + [Pb (%) X 2204.6 X Pb Price / Ag Price X 31.1] + [Zn (%) X 2204.6 X Zn Price / Ag Price X 31.1]
Price assumptions used are: Pb $0.90, Zn $1.20 and Ag $22.00
Minor amounts of gold and copper are present but are not considered economical
All widths are estimated true widths
No capping has been applied but high-grade intervals have been highlighted
Qualified Person and QA/QC – Dale Mah, P.Geo., Vice President Corporate Development of Endeavour Silver, is the Qualified Person who reviewed and approved the technical information contained in this news release. A quality control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the local field office and shipped to ALS Labs, where they are dried, crushed, split and 250 gram pulp samples are prepared for analysis. Gold is determined by fire assay with an atomic absorption finish and silver by aqua regia digestion with ICP finish, over-limits by fire assay and gravimetric finish.
About Endeavour Silver – Endeavour Silver Corp. is a mid-tier precious metals mining company that operates two high-grade underground silver-gold mines in Mexico. Endeavour is currently advancing the Terronera mine project towards a development decision, pending financing and final permits and exploring its portfolio of exploration and development projects in Mexico, Chile and the United States to facilitate its goal of becoming a premier senior silver producer. Our philosophy of corporate social integrity creates value for all stakeholders.
This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include but are not limited to statements regarding future prospects of the Company’s mines and projects. The Company does not intend to and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, production levels, performance or achievements to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the ultimate impact of the COVID 19 pandemic on operations and results, changes in production and costs guidance, national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and Mexico; financial risks due to precious metals prices, operating or technical difficulties in mineral exploration, development and mining activities; risks and hazards of mineral exploration, development and mining; the speculative nature of mineral exploration and development and risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties; as well as those factors described in the section “risk factors” contained in the Company’s most recent form 40F/Annual Information Form filed with the S.E.C. and Canadian securities regulatory authorities. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to: the continued exploration and mining operations, no material adverse change in the market price of commodities, mining operations will operate and the mining products will be completed in accordance with management’s expectations and achieve their stated production outcomes, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.
This article was republished with permission from The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of Joseph Scalia, Associate Professor of Civil and Environmental Engineering, Colorado State University
Sandcastle Engineering – A Geotechnical Engineer Explains How Water, Air and Sand Create Solid Structures
If you want to understand why some sandcastles are tall and have intricate structures while others are nearly shapeless lumps of sand, it helps to have a background in geotechnical engineering.
As a geotechnical engineering educator myself, I use sandcastles in the classroom to explain how interactions of soil, water and air make it possible to rebuild landscapes after mining metals critical to the energy transition.
Building a sandcastle comes down to the right mix of those three ingredients. Sand provides the structure, but it’s water between the sand grains that provides the force – in this case, suction – that holds the sand together. And without the right amount of air the water would just push the sand grains apart.
Not Just Any Sand
Sand grains, according to the standards body ASTM International’s Unified Soil Classification System, are soil particles having a diameter of 0.003 inches (0.075 mm) to 0.187 inches (4.75 mm). Sands, by definition, have at least half their particles in that range. Silt or clay is soil with particles smaller than sand size. And soil with particles larger than sand size is gravel.
The size of particles, or grains, also determines the way sand looks and feels. The smallest sand grains have a texture almost like powdered sugar. The largest grains are more like the size of small dry lentils.
Most sand will work for building a sandcastle, but the best sand has two characteristics: grains of sand in several different sizes and grains with angular or rough edges. Variation in grain size allows smaller sand grains to fill the pockets, or pores, between the larger sand grains. The result is increased sand strength.
Sand grains that are more angular, with sharp corners on them, lock together better, making the sandcastle stronger. It’s the same reason a pile of angular wooden blocks will stay in a pile, but a pile of marbles will go everywhere.
This is also why, surprisingly, the best sand for sandcastles is not typically found on an island or a coastal beach. More angular grains of sand are usually found closer to mountains, their geologic source. These sand grains have not yet had their edges rounded off by wind and water. Professional sandcastle builders will go so far as to import river sand for their creations.
Finally, the closer together the sand grains are, the stronger the sand will be. Pressing wet sand together tightly, by compaction or tamping, squeezes sand grains together, decreasing the size of pores and increasing the effect water can have. Compaction also increases grain interlocking and, consequently, sand strength.
Suction is one of the forces holding this sand sculpture together (El Coleccionista de Instantes – Flickr)
Just Enough Water
The quantity of water in the sand controls the size and strength of the water bridges. Too little water equals little bridges between the sand grains. More water, and the size and number of bridges grows, increasing the suction holding the sand grains together. The result is perfect sandcastle sand.
Too much water, though, and the suction is too weak to hold the sand together.
A general rule of thumb for building great sandcastles is one part water for every eight parts dry sand. Under ideal conditions in a laboratory, though, with dense sand and zero evaporation, one part water for every one hundred parts dry sand can produce wonders. At a beach, sand with the right moisture level is near the high tide line when the tide is low.
Incidentally, salt from seawater can also be a boon for sandcastle stability. Capillary forces hold sand grains together initially, but capillary water will eventually evaporate, particularly on a windy day. When sea water dries up, salt is left behind. Since the seawater was forming bridges between the grains, the salt crystallizes at these points of contact. In this way, salt can keep a sandcastle standing long after the sand has dried. But be careful not to disturb the salt-bonded sand; it’s brittle and collapsible.
To build a strong sandcastle, compact sand and a little water as tightly as you can. I prefer to create a dense mound and then scoop and carve away to reveal the art within. You can also compact the sand into buckets, cups or other molds, and build from the ground up. Just be sure to get the sand dense, and place the mold on a compacted foundation. Hands make for both a great compaction and carving tool, but a shovel or a seashell will allow for more precision. Have fun, and don’t be afraid to get sandy!
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Prospecting and mapping yield results. The work by the company’s prospecting and mapping team is quickly identifying new VMS targets at Scarlet Ridge and Scarlet Valley which has advanced them from areas of interest into drilled targets that are now delivering significant sulfide-bearing mineralized intercepts. Mineralization and hydrothermal alteration are intense and widespread throughout areas drilled to date.
Maiden drilling commences at Scarlet Valley. Maiden drilling is underway at Scarlet Valley targeting extensive surface exposures of a VMS feeder zone including replacement-style sulfide mineralization. Hole SV22-1 was drilled to a depth of 618 meters to enable three-dimensional geologic modeling of favorable horizons for replacement-style mineralization along strike. A second drill has been deployed to help define the extent of this highly prospective area before the onset of winter weather. Management expects to drill nine holes at Scarlet Valley.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Allegiant owns 100% of 10 highly-prospective gold projects in the United States, seven of which are located in the mining-friendly jurisdiction of Nevada. Three of Allegiant’s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Core diamond drill program. In June, Allegiant Gold commenced a diamond core drilling program at Eastside in the high-grade zone discovered during the 2021 drill program within the original pit zone. The company is on the fifth hole which have averaged 530 meters to 550 meters depth. We think the company could complete up to 9 holes by the end of the year. Recall that in May 2021, results from Allegiant’s nine-hole drill program returned strong gold intercepts for Holes 239, 243, 244, and 245.
RC drilling results expected soon. Allegiant completed a 32-hole, 6,703-meter reverse circulation drill program in June to test new exploration targets at Eastside, including 21 holes drilled in the East Pediment and 11 holes drilled at the West Anomaly. The targets are to the east and west of the original pit zone and we expect the company to begin releasing available drill results from this program soon. We believe Allegiant may resume reverse circulation drilling in October to continue drilling additional targets based on assays….
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
