MOUMemorandum Of Understanding
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Jinchuan Group Limited [of the People's Republic of China]
[1] July 3, 2006
The Philippine government signed a memorandum of understanding (MOU) with three of the biggest nickel producers from China led by Jinchuan Group Ltd., which will invest billion in Philnico Industrial Corp., formerly the Nonoc Mining and Industrial Corp.
[kitco.com]
https://metalsplace.com/metalsnews/?a=5861
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[2] Jinchuan was also involved in the recent MOU concerning the Canadian Royalties RAGLAN SOUTH NICKEL PROJECT
[see below]
Canadian Royalties news release
MOU SIGNED CONCERNING THE RAGLAN SOUTH NICKEL PROJECT
Montréal, Québec – March 13, 2005 - Canadian Royalties Inc. (TSX symbol: CZZ) and Jinchuan Group Ltd. (“JNMC”) of the People’s Republic of China announce that a Memorandum of Understanding (MOU) has been signed as a result of ongoing discussions between the parties regarding Canadian Royalties’ Raglan South Nickel Project. Items considered in the MOU include:
an off-take agreement for concentrate;
the design and supply of a milling and concentrating facility;
joint exploration activities; and
an equity participation by JNMC in Canadian Royalties.
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[3] from the Canadian Royalties website
"The Raglan South Nickel Project is located in Nunavik, Northern Québec, approximately 90 kilometres west of the coastal village of Kangiqsujuaq. and 15 to 20 kilometres to the south of the Raglan mining operation of Falconbridge Limited where almost one million tonnes of nickel-copper ore are being mined per year. The region is serviced with a limited road network, seaports, and airports."
from map....note the 4 airports & 3 seaports shown
https://www.canadianroyalties.com/en/properties/?nav=1
[scroll down to second map.]
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[4] and just a side-note:
could ewr/cgg have some "Jinchuan" potential properties?...just consider the following:
for starters, in the Thunder Bay North District only....[properties south of the Musslewhite mine:]
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[a] Norton Lake [ewr/cgg/cj]...PGE, Cu, Ni, Co
note the available road & rail infrastructure per annual report.
[and a repeat from a recent posting:].......On the Basis of the current Mineral Resource Estimate, the Norton Lake deposit has an in situ metal content [measured/indicated] comprising:
[2,258,654 tonnes]
nickel 33,526,332 lbs
copper 30,377,270 lbs
cobalt 1,574,136 lbs
palladium 33,682 oz
also note that the deposit open to depth, northeast and southwest for expansion
reference "Independent Mineral Resource for Norton Lake"..... dated December 12, 2005.
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[b] Marshall Lake [ewr/eye] Au. "The Beardmore-Geraldton belt produced an estimated 4.1 million ounces of gold from the mid-1930's to the 1970's"
and from an article by Kristan H. Straub...Laurentian University,
"The Marshall Lake Cu-Zn-Ag prospect ....................the success of past exploration programs has led to the delineation of modest mineral inventories at several showings, the largest of which contains an inferred resource of 1.2 million tons grading 3.2% Zn, 0.94% Cu and 2.06 oz/T Ag."
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[c] Adair [ewr/mpm] Au, Ag... A single grab sample of quartz vein material was taken by the company field crew in November 2005 which assayed 678 grams gold per tonne (21.8 oz Au) and 256 grams/tonne silver (8.23 oz.). ..news rel Nov 29/05
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[d] Lang Lake........A 33 ton bulk sample was taken by the Ontario Dept. of Mines in 1935 which assayed 0.44 oz./ton gold. [annual report] ]...at today's price of gold, that 33 ton sample would include about 33 x 0.44 x 627 = $9104 of gold.
the Red Lake camp is located 50 miles to the west of Lang [nr Apr 25/06]
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[e] Dorothy Lake [cgg] Au
historic drilling on the property outlined 236,220 tonnes grading 6.17 g/t Au [Northern Miner June 11, 1990] [per annual report]
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[f] Kasagiminnis [cgg] Au
Third Pickle Lake Property acquired with historical reserves...400,000 ounces of gold
Dr. Elliot Strashin comments," It has taken two years to obtain the rights to all three properties flanking the old Golden Patricia Mine, owned by Bond Gold and Barrick, but management feels the effort was worthwhile. The three properties, which were extensively worked before the collapse in the price of gold, are ready for confirmation and expansion of the total historic 500,000 ounce gold mineralization." [news release April 19/06]
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[g] Dobie [cgg] Au....... Historic diamond drilling of the Dobie Zone outlined 301,000 tonnes averaging 5.5 g/t Au, open down plunge (OGS Open File Report 5869, MNDM). The Dobie Lake Property lies 125 km southwest of Musselwhite Gold Mine. Regional gold producers include Central Patricia Mine (621,806 oz. Au), Pickle Crow Mine (1,466,214 oz. Au) and Dona Lake Mine (336,000 oz. Au). The Golden Patricia Mine (860,000 tons grading 0.58 oz. Au), is located 7 km southeast (Hodge, H.J., P.Eng., 1986). [news release September 01/05]
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since some articles mention the "Musselwhite Gold Mine", the following is for reference only.
Musselwhite mine.....about 125 km north of Pickle Lake.....disseminated native gold, ...mine produced 240,274 oz Au in 2004 . As of December 2004, proven and probable ore reserves were 11.12Mt grading 5.59g/t gold, containing 1.98Moz of gold, with measured and indicated mineralisation containing a further 475,000oz [website]
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IMO, these seven properties from the Thunder Bay North District...., ADD to the excellent potential of ewr/cgg's stable of properties..... in the Thunder Bay South District.......
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"where there's smoke, there's fire."
with all the smoke [activity] on some of the properties....i wonder which one has/will have the fire?
regards
T
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links to news releases:
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https://tdw3.globeinvestor.com/servlet/ArticleNews/story/NLK/20050901/00003832/stocks/news
news rel September 01/05 Dobie Lake
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https://tdw3.globeinvestor.com/servlet/ArticleNews/story/NLK/20060419/00005454/stocks/news
news rel April 19/06 Kassagiminnis Lake
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