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Sparton Resources Inc V.SRI

Alternate Symbol(s):  SPNRF

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and Englehart, in Ontario, are in close proximity to Alamos Gold’s producing Young Davidson Mine and the Kirkland Lake gold producing area. The Bruell Property is located in Vauquelin Township, Quebec. The Oakes Gold Property is located in the Matachewan gold mining area of northern Ontario. The Company controls about 32 mining claims and three mining leases in the Matachewan Gold Area. The Pense Property is located in Pense Township, Ontario. The claims are located near the Quebec provincial border, approximately 25 kilometers east of Englehart, Ontario, in the Larder Lake Mining Division.


TSXV:SRI - Post by User

Post by kewlmoedon Aug 26, 2022 4:03pm
233 Views
Post# 34923435

More evidence of an urgent need for VRB solutions

More evidence of an urgent need for VRB solutions
  • A historic drought has hit China's Sichuan province, a major hydropower producer.
  • This has led to power cuts that have affected industrial production, including operations at Toyota.
  • China has deployed two huge drones to seed clouds in the province since Thursday.

China has deployed two huge drones to seed clouds in the southwestern province of Sichuan where a historic drought has affected hydropower production.

The move comes amid a record heatwave that has engulfed swathes of China, covering almost half of the country, according to its National Climate Center. The situation is particularly pronounced in Sichuan, a major hydropower producer that supplies cities like Jiangsu and Shanghai, which are more than 1,000 miles away. 

To improve the situation, the two drones deployed on Thursday will eventually cover an area in Sichuan spanning 6,000 square kilometres. The cloud seeding operation will be carried out until Monday.

Communist Party-owned People's Daily also reported the news.

 

The extreme weather, which has persisted for over 70 days, is starting to weigh on China's industrial activity and economic growth.

Since the start of August, hydropower plants in Sichuan have been operating below 50% of their regular capacity, China's Caixin media outlet reported on Tuesday. This has led to power cuts in Sichuan, leading auto giant Toyota and Apple supplier Foxconn to suspend operations.

The dry weather has also damaged crops and could hurt the fall harvest, thus sending China to compete for exports from the international markets and driving up already high food prices.

Even though the drought appears severe, it's still better than last year, when power cuts were more widespread, noted ING's chief economist for Greater China, Iris Pang.

"We have yet to see factory suspension in key cities, which is a relief to the government as the economy is already weak," Pang wrote in a Thursday note, estimating the power shortage to have impacted around 1% of China's GDP so far.

https://www.businessinsider.co.za/china-is-deploying-two-huge-drones-to-seed-rain-amid-a-record-drought-2022-8

 


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