Adventus Zinc Update – Impressive Drill Results From 2 Areas At The Curipamba Project
Adventus Zinc is a Company I have I brought on the show a couple times just this year. The story is really getting going with drilling underway at the Curipamba Project in Ecuador. Christian Kargl-Simard, President and CEO joins me to outline the recent infill drilling at the El Domo Deposit and exploration drilling on the Sesmo target. Both results are noteworthy and important to understand in the multi-pronged approach at this property.
Click download link to listen on this device: Download Show
Click here to visit the Adventus website for more information.
Be sure to email me with any additional questions you have for Christian and his team – Fleck@kereport.com.
rick may be mountain climbing with gary savage…
And what happened to Roger Wiegand? What about Paul Van Eeden?
Did they all go mountain climbing?
I believe Roger & Al had a falling out, like with Peter Grandich. It happens.
But we picked up George Gero as a Roger substitution, and David Erfle as a Peter G substitution. David Vincent is a damn good technician although a different approach than Gary.
There is no substitution for Rick A though. One of a kind.
Also the regular & recurring input from Dana Lyons, Jordan Roy-Byrne, Turd, and Chris Vermeulen is helpful.
Of course Mr T and Doc are staples, but that’s a given.
It’s sad but that happens and life goes on.
What happened to Paul VanEeden?
“I believe Roger & Al had a falling out..”
I tell you Ex, it’s real sad.
But if I could have a half hour with Mr. Big Al Korelin and Rog in a room I would have them walking out of there the best of friends once again.
If you are referring to Mr. Wiegand, I don’t think so as he stole a lot of money from Kathy and I.
Sorry to hear that, Mr. Big Al Korelin. I was just trying to help.
I actually had to take him to court, Eddy.
Mr. Big Al Korelin, I hope the court ruled in your favor. Did you get your money back?
And speaking of missing people what happened to CFS???
TOO FUNNY>>>>>>>EBO>>>>>>>>>>>>>
RICK GOT FANGED>>>>>>>>>>>>>>>>>>>
I AM STILL THINKING >>>>>>>>>
got cut off…………
Hey guys, I will chat with Rick on a regular basis but he has had some health issues which is making him lay low. Hopefully soon he will be back on the show but we don’t have a time frame for his return.
Hoping for a speedy recovery………send him our best……..always like Rick A…
Agreed. May Rick’s health and vitality return and fill him with life.
It’s sad to see the general markets pull back certain days and not hear him saying everything seems right with the world from his bearish vantage point. 😉
Let’s hope some of that Big Al Korelin invincibility rubs off on Ricardo!
Antofagasta, Ex is right they have got a huge ant hill in Minnesota, they should be called Antofagasta Fats. (remember Minnesota Fats aka Jackie Gleason) Their mining name turns me off like a termite mound, but nobody pays attention to this company while it is acquiring, acquiring, and acquiring. Ex understand ant hills and termite mounds! LOL! DT
understand = understands
Yes. Understood. 🙂
Here’s the map showing Antofagasta’s “Twin Metal’s” deposit and Polymet’s project:
http://www.miningtruth.org/wp-content/uploads/2012/02/mining-truth-sulfide-map-minnesota.jpg
I hope nobody here is suggesting anything will come of the Twin Metals project in our life times (??)
No opinion on Twin Metals. We were just discussing Polymet yesterday, and that JohnK was going to also visit Hibbing on a road tour.
https://img.apmcdn.org/903259236020ec6aeed0ca6e4e7621e53fa4772f/uncropped/7672af-20140820-map.jpg
That made me reflect on what ever happened to the Twin Metals project that Antofagasta acquired from Duluth Metals. I was a shareholder of Duluth during that merger and did pretty good on that takeover, but was not sure if the project is getting developed or not.
I currently hold shares in (PLM) Polymet and was happy to see they got their EIS and some of the permits they had been waiting on for years. However, JohnK brought up another roadblock due to the Sulfates in the water affecting rice crops, so now it’s hard to know if it will be a go.
With the mill, talilings dam, power, and rail near by it would be nice to (PLM) (POM) Polymet get into production in our lifetime. Fingers crossed!
Chilean mining giant buying Duluth Metals, Minnesota copper interests
Martin Moylan · St. Paul, Minn. · Nov 3, 2014
https://www.mprnews.org/story/2014/11/03/duluth-metals-sale-to-antofagasta
Back to Polymet – here’s the update on permitting. I guess we’ll need to add a Rice permit to this list now.
Ah, ok — Have visited both projects several times, is why I ask – and have stayed close to the stories. I recommended PLM at about 30 cents back in ’02 time frame — sold a few years later in the $4 – $5 neighborhood. I’ve been tempted to add it back; however, their “mortgage” to Glencore gets more onerous all the time and is almost prohibitive now.
As for Antofagasta, they are getting what they deserve in having employed some REALLY dirty pool to get it away from Duluth Metals. PolyMet has been roughly 20 years going through the permitting gauntlet. Given that T-M property is on the downhill side toward the Boundary Waters, Antofagasta will be lucky to do anything 120 years from now. What soured me on that project even when DM had it was their early acknowledgment that they would have to do an underground mine rather than open pit which made it much less potentially attractive economically. In short–though with most of my family still in that area and my own love for the Iron Range and its history–it will take a lot to convince me to take another look at T-M.
Good feedback sir. I didn’t know exactly what Antofagasta did to acquire Duluth as I had only held them a little while before the transaction happened and was pleasantly surprised as the nice return, and just rotated that into other plays.
Yes, it doesn’t sound like T-M is getting built anytime soon then, but I wasn’t sure if the Iron Range would come back alive with Polymet’s work to advance their project into development.
I’ve been in and out of PLM for years now, but just grabbed a position last may and sold it earlier this year. Only recently did I get back into Polymet, and then I find out about this public debate on the sulfate discharges into the water.
Mining is a such a tough business:
P.S. – Yes the Glencore factor is hefty, because that is how they roll. I was hoping Glencore would just buy Polymet for the Copper/Nickel/PGMs, and not turn them into a puppet like Trevali is for their Zinc business.
Whenever anyone questions my excitement over “unsafe” Ecuador, one example I use is PolyMet…the U.S. can be an “unsafe” jurisdiction in its own way at times, too (though admittedly Nevada wouldn’t be like Minnesota.)
As for Antofagasta, they took advantage of a weak market already back then to announce they were not going to continue their JV w/ Duluth Metals as is. That caused DM, which had already weakened, to weaken much more. After it did, Antofagasta made its bid for the whole works.
Having said that, Trevali has done pretty good (but in a raging Zinc bull market).
Yes, agreed that Ecuador doesn’t appear to be any worse than many North American jurisdictions that hold up mines for long periods of time.
Polymet has been in the permitting penalty box for years, but last years permits were encouraging.
Look at the mess Sabina had with the Caribou in Canada as another example, and we won’t even get in to Northern Dynasty in Alaska on permitting hell.
Mr T – I still remember you giving the heads up on Cornerstone Capital in Ecuador on their SolGol JV way ahead of most of the crowd and that one has really run.
Fruta del Norte is coming along for Lundin, and Ecuador may really be turning the corner, (even though most investors still won’t touch it).
INV metals is another burgeoning Ecuaor play….
oh that does seem a bit underhanded from Antofagasta then on the Duluth deal.
Glad I just caught the tail end of that story then. Nice update. Cheers!
regarding Zinc…….
(TK) (TKRFF) Tinka Announces Closing of Upsized & Oversubscribed Second Tranche Private Placement Financing of C$2.4 Million
April 27th, 2018
(CNX) (CLLXF) Callinex Announces Major Increase in the Nash Creek Deposit and Updated Resource Estimate
April 16, 2018
> Independent NI 43-101 mineral resource estimate has outlined a major increase in contained zinc, lead and silver at the Company’s 100% owned Nash Creek Project;
> Indicated zinc equivalent pounds have increased by 74%, to 963 million pounds, and inferred zinc equivalent pounds have increased by 385%, to 407 million pounds;
> Callinex expects to publish a maiden Preliminary Economic Assessment next month that will demonstrate the potential economic viability of a conceptual open pit mine.
https://callinex.ca/callinex-announces-major-increase-nash-creek-deposit-updated-resource-estimate/
(CZX) (CZXMF) Canada Zinc Metals Announces Metallurgical Results from the Cardiac Creek Deposit
April 9, 2018
> Flotation testing on the global composite indicated that a conventional reagent scheme produced clean, marketable concentrates
> Zinc Concentrate: Zinc was 89% recovered into a concentrate grading 52.4%
> Lead Concentrate: Lead was 46% recovered into a concentrate grading 45%
> Saleable concentrates can be produced for both Zn and Pb
> No potential impurity or penalty elements were identified in the concentrates
> DMS separation was very efficient at rejecting barren gangue and improving recovery of lead and zinc; average global composite rejection was 25% of the feed mass
http://www.canadazincmetals.com/news/index.php?content_id=277
(HER) (HRR.AX) (HRLDF) Heron Resources:
Woodlawn Zinc-Copper Project – Project Development Progress
26 April 2018
http://www.heronresources.com.au/downloads/asx/2018/hrr2018042602.pdf
(HER) (HRR.AX) (HRLDF) Heron’s Peelwood Project – EM Drill Targets Identified
by @nasdaq on April 22, 2018
https://ceo.ca/@nasdaq/herons-peelwood-project-em-drill-targets-identified
(VTT) (VDTAF) Vendetta Reports Metallurgical Test Work and Demonstrates High
Lead and Zinc Recoveries and Concentrate Grades from the Pegmont Lead-Zinc Project
March 5th, 2018
http://vendettaminingcorp.com/wp-content/uploads/2018/03/2018_NR4_Metallurgical-Results_FINAL.pdf
(FWZ) FIREWEED SUBSTANTIALLY EXPANDS MACMILLAN PASS PROJECT AREA
March 27, 2018
http://www.fireweedzinc.com/news-media/news/release/index.php?content_id=116
“Minnesota Fats” talking smack about another Legend “Willie Mosconi” commentated by none other than Howard Kosel.
“Awe yes,thems was the days.”
https://www.youtube.com/watch?v=Gtnmfb9Dnkg
Anybody know what happened to Rick Ackerman? Why he’s no longer appearing on KER?