Stornoway

Azimut and SOQUEM Expand Lithium Drilling Discovery at Galinée

Retrieved on: 
Wednesday, November 29, 2023
National instrument, LIBS, Lithium, Pathfinder, Renard, BTW, Quartz, Element, Laboratory, Winsome, Stornoway, ALS, ICP, Azimut, National Instrument 43-101

Azimut and its partner SOQUEM Inc. (“SOQUEM”) are strongly encouraged by these initial results.

Key Points: 
  • Azimut and its partner SOQUEM Inc. (“SOQUEM”) are strongly encouraged by these initial results.
  • Additional drilling is targeting a two (2) kilometre-long target area to expand the mineralized zone further east and south.
  • Chibougamau Drilling Ltd of Chibougamau (Quebec) is carrying out the drilling operations using a core diameter of BTW.
  • The Galinée Property (649 claims, 335 km2) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut.

Osisko Reports Q3 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Lithium, NSR, Gold, NYSE, Tax, GEO, Acquisition, Eeyou Istchee James Bay Regional Government, Magazine, Osisko Gold Royalties, Webcast, Interim, Stornoway, Renard, Video game

MONTREAL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the third quarter of 2023.

Key Points: 
  • MONTREAL, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the third quarter of 2023.
  • As we head into the final three months of the year, and as previously noted, we are now trending towards the lower end of our 2023 GEO guidance range.
  • On October 30, 2023, Osisko announced the acquisition of a 1.0% NSR royalty covering the Namdini Gold Project in Ghana.
  • Osisko provides notice of third quarter 2023 results and webcast and conference call details.

Triple Flag Announces Q3 2023 Results – On Track to Achieve Guidance

Retrieved on: 
Tuesday, November 7, 2023
Mining, Minerals, Natural Resources, NSR, Integra, Young-Davidson mine, Platinum, Stawell, Defense, Talon, DeLaMar, Gold, Acquisition, Maintenance, Webcast, Renard, ESG, Department of Defense Architecture Framework, Agnico Eagle, Nickel, Trade and Development Bank of Mongolia, Bank statement, Trade, Growth, Cardinal, GEOS, Development finance institution, Alamos Gold, Investment, National Army, Hang Seng China A Industry Top Index, Larix laricina, PGM, Bushveld Igneous Complex, Satellite navigation device, Palladium, Uranium mining, Rare-earth element, Doris, Camino Rojo mine, E31, Beta Hunt Mine, Stornoway, Northparkes

Guidance and Outlook Maintained: Triple Flag remains on track to achieve its sales guidance for 2023 of 100,000 to 115,000 GEOs, notwithstanding the Renard diamond mine entering care and maintenance in the fourth quarter of 2023 as described further below.

Key Points: 
  • Guidance and Outlook Maintained: Triple Flag remains on track to achieve its sales guidance for 2023 of 100,000 to 115,000 GEOs, notwithstanding the Renard diamond mine entering care and maintenance in the fourth quarter of 2023 as described further below.
  • Northparkes (54% gold stream and 80% silver stream): Sales from Northparkes in Q3 2023 were 3,919 GEOs.
  • In October 2023, Alamos Gold reiterated that Young-Davidson is on track to meet its 2023 production guidance of 185,000 – 200,000 ounces.
  • Triple Flag has not assumed any contributions from Pumpkin Hollow to GEOs sales in the fourth quarter of 2023.

Azimut and SOQUEM Drill Wide Lithium-bearing Pegmatite Intercepts at Galinée, James Bay Region, Quebec

Retrieved on: 
Monday, October 23, 2023
Lithium, Element, Gold, Quartz, Winsome, Renard, Azimut, ICP, LIBS, Laboratory, National instrument, Nature, Rio Tinto, Eeyou Istchee James Bay Regional Government, ALS, BTW, Stornoway, Photograph, National Instrument 43-101, QA, LIDAR, Road, Rare-earth element, Mining, Property, Exploration

All drill holes carried out so far intersect spodumene pegmatites, currently recognized over a distance of 400 metres laterally.

Key Points: 
  • All drill holes carried out so far intersect spodumene pegmatites, currently recognized over a distance of 400 metres laterally.
  • Intercepts of up to 78.4 metres in core length were observed in the first four (4) holes totalling 1,252.8 metres.
  • Azimut and its partner SOQUEM Inc. (“SOQUEM”) are strongly encouraged by these initial drilling and prospecting results.
  • The Galinée Property (649 claims, 335 km2) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut.

Azimut and SOQUEM Uncover a Spodumene-Bearing Pegmatite Boulder Field at Galinée, James Bay Region, Quebec

Retrieved on: 
Wednesday, September 6, 2023
Quartz, Elmer, Eeyou Istchee James Bay Regional Government, Azimut, Renard, Stornoway, Property, JBL, LIBS, Gold, National instrument, National Instrument 43-101, Anomaly, Lithium, Rare-earth element, Exploration

LONGUEUIL, Quebec, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report that a spodumene-bearing pegmatite boulder field containing at least 12 mineralized boulders has been identified on the Galinée Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec.

Key Points: 
  • LONGUEUIL, Quebec, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report that a spodumene-bearing pegmatite boulder field containing at least 12 mineralized boulders has been identified on the Galinée Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec.
  • The boulder field in the northern part of the Property is characterized by the following features:
    At least 12 spodumene-bearing pegmatite boulders in a 650- by 350-metre area, not fully delineated at this stage.
  • Boulder sizes range from 0.5 x 0.5 metre to 1.5 x 1.5 metre, with spodumene constituting 5% to 20% of the pegmatite.
  • The Galinée Property (649 claims, 335 km2) is a 50/50 joint venture between Azimut and SOQUEM, operated by Azimut.

Holland America Line's New 28-Day Legendary Voyage in 2025 is an Epic Exploration of Greenland, Iceland and the Arctic Circle

Retrieved on: 
Tuesday, August 22, 2023
Holland America Line, Tax, Nanortalik, Le Grand Voyage, Travel, HAL, Culture, Arctic Ocean, America Line, Ilulissat, Red, Isle of Lewis, History, Isle, Century, Whaling, Tourism, Arctic Circle, Stornoway

SEATTLE, Aug. 22, 2023 /PRNewswire/ -- From trending travel destinations to seldom-visited locales, Holland America Line's new 28-day "Arctic Circle Crossing: Greenland & Iceland" is a Legendary Voyage to Greenland, Iceland and Norway. Departing June 29, 2025, aboard Nieuw Statendam, the journey is inspired by the routes of Norse explorer Erik the Red who founded the first European settlement in Greenland. 

Key Points: 
  • Cruisers on the "Arctic Circle Crossing" will set sail on one of Holland America Line's most intensive explorations of this region ever offered.
  • "We're taking this itinerary up to Norway's North Cape, then heading farther north in Greenland on both coasts and adding amazing opportunities in Iceland.
  • Have it All Early Booking Bonus fares for the Arctic Circle Crossing begin at $6,399, double occupancy.
  • For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com .

New Gold Announces the Appointment of Patrick Godin as Chief Operating Officer

Retrieved on: 
Monday, March 28, 2022
Diamond, Company, Gold, New Afton mine, NGD, Sale, Renard diamond mine, Multimedia, NYSE, Mining, Social responsibility, Environment, CEO, TSX, NYSE American, Industry, Safety, Stornoway, Management, New Gold

TORONTO, March 28, 2022 /PRNewswire/ -New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the appointment of Patrick Godin as Executive Vice President and Chief Operating Officer, effective May 2, 2022.

Key Points: 
  • TORONTO, March 28, 2022 /PRNewswire/ -New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the appointment of Patrick Godin as Executive Vice President and Chief Operating Officer, effective May 2, 2022.
  • Patrick brings with him more than 30 years of technical and operations experience in the mining industry.
  • Most recently, Patrick was Vice President and Chief Operating Officer of Pretium Resources Inc. ("Pretivm") until the sale of the company to Newcrest Mining Ltd. earlier this month.
  • Prior to Pretivm, Patrick was the President and Chief Executive Officer of Stornoway Diamond Corporation ("Stornoway") from 2019 to 2020 and Chief Operating Officer and Vice President from 2010 to 2018.

Osisko Provides Update on the Stornoway Renard Mine

Retrieved on: 
Monday, September 14, 2020
Geography of Scotland, Isle of Lewis, Stornoway, Renard, Scotland, Geography of the United Kingdom, Osisko Gold Royalties

Further to this cost reduction plan, the current shareholders of Stornoway have committed to reinvest up to $30M (up to $7.5M for Osisko) in a senior secured working capital facility.

Key Points: 
  • Further to this cost reduction plan, the current shareholders of Stornoway have committed to reinvest up to $30M (up to $7.5M for Osisko) in a senior secured working capital facility.
  • This additional commitment will provide the required financial flexibility for Stornoway to continue operating in a challenging diamond market.
  • We look forward to our partners at Stornoway putting Renard back into production.
  • Osisko holds a 9.6% diamond stream on the Renard mine and also became a 35.1% shareholder following the creditors bid transaction which closed in November 2019.

Stornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation’s Chief Operating Officer

Retrieved on: 
Thursday, June 25, 2020
Geography of Scotland, Caisse de dépôt et placement du Québec, Stornoway, Osisko Mining, Scotland, Government of Canada

Mr. Patrick Svigny joined Stornoway in 2015 and is currently the Corporations Vice President Operations.

Key Points: 
  • Mr. Patrick Svigny joined Stornoway in 2015 and is currently the Corporations Vice President Operations.
  • He will succeed Mr. Godin and will assume the leadership of the company as Chief Operating Officer.
  • Hubert T. Lacroix, Chairman of the Board of Directors of Stornoway, commented on the announced changes: "Patrick first joined the Stornoway team in 2010 as Chief Operating Officer.
  • Stornoway is owned by Diaquem Inc., Osisko Gold Royalties LTD, TF R&S Canada LTD and CDPQ Ressources inc.

Stornoway Extends Care and Maintenance Period at Renard Diamond Mine

Retrieved on: 
Tuesday, April 14, 2020
Minerals, Crystallography, Diamond, Mineralogy, Crystals, Stornoway

Despite positive signs in the diamond market in early 2020, the recent COVID-19 pandemic has resulted in the entire marketing chain and diamond price to collapse.

Key Points: 
  • Despite positive signs in the diamond market in early 2020, the recent COVID-19 pandemic has resulted in the entire marketing chain and diamond price to collapse.
  • Key factors affecting the diamond market include:
    Global travel bans limiting access for buyers to diamond sightings in Antwerp, Belgium;
    Social distancing measures and poor financial market conditions affecting the rough diamond polishing operations; and
    The Renard operations will continue to be maintained on a care and maintenance basis, which will allow an efficient start up once favorable market conditions return.
  • A team of nearly 50 people will remain on site to assume the care and maintenance activities.
  • About Stornoway Diamonds (Canada) Inc.
    Stornoway is a Canadian diamond exploration and production company headquartered in Longueuil and owns a 100% interest in the Renard Mine.