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Trillium Gold Signs Agreement to Acquire 15,000 Hectares in the Confederation Greenstone Belt

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The discovery of gold mineralization in these particular rock units is a very recent discovery and realization in this region. In 2019, Great Bear Resources was the first to discover significant gold mineralization associated with the felsic volcanics in the camp, previously untested and ignored given that it was not known as the typical host rock in the Red Lake Gold Camp. The discovery of gold mineralization in this rock type has resulted in a new understanding and developments associated with geological exploration in the camp.  Great Bear’s discovery of the LP Gold Zone at the Dixie Project is nearly 4km long with a low grade halo up to 400m wide. We believe the Confederation Lake Properties we have acquired have similar geological and structural characteristics as at Great Bear’s LP Zone.

Trillium Gold plans to target breaks within the mag high areas on the newly acquired claims, along strike from VMS style mineralization and in close proximity to deformed meta-sedimentary rocks with characteristics similar to those of the geological marker sequence identified at the LP Fault. 

Russell Starr, CEO of Trillium Gold comments “The possibility for these newly acquired claims to have the potential of hosting economic mineralization is exciting for the company. Trillium Gold continues to execute on its strategy of becoming a major player in the Red Lake district. These properties, in the Confederation greenstone belt, have similar geology to Great Bear’s Dixie project. The prospect of potentially finding another Dixie in this land package is tremendously exciting for Trillium Gold’s shareholders.”

Figure 1 Location of the Confederation Belt & Pakwash properties relative to Great Bear’s Dixie Gold Property.

Confederation Belt Properties

Lucky, Fly and Moth Properties

The Lucky, Fly and Moth (“LFM”) properties cover an area of approximately 9,000 hectares and extend over an 18 kilometre stretch of the Confederation greenstone belt to within 1.5 km of the former producing South Bay zinc-copper-silver mine. The prospective felsic volcanics identified adjacent to the LP Fault Gold Zone are interpreted on the 2017 VTEM airborne survey to continue on the LFM properties. In this area, more than 7,000 rock samples from outcrop and drill core were analysed for major and traces elements, but less then 2,000 of these samples were analysed for gold.

The property was previously explored by Selco Mining Corp., Placer Dome Inc., Kerr-Addison Mines, St Joseph Explorations Ltd., Minnova Inc./Inmet Mining and Noranda Inc. at various times between 1967 and 1999. Historical exploration has included approximately 90 diamond drill holes and identified numerous zinc-bearing sulphide zones across the claims, including the Wasp Lake, Fly Lake, Trippier, Culvert, Moth and Road Zones.

Joy

The more than 3,300 hectare Joy property covers over 13km of prospective felsic volcanics of the Confederation greenstone belt.

A 48 metre diamond drill hole was drilled in the vicinity of the conductor (exact location unknown) in 1970 by Caravelle Mines Ltd. It intersected a variety of metavolcanic rocks exhibiting intense alteration of the type associated with Volcanogenic Massive Sulphide (VMS) deposits. It also intersected calc-silicate rocks suggesting that the property may lie at the same stratigraphic horizon as the Dixie zone, 11 kilometres to the west.

The Joy property covers five separate mineralized VMS zones that lie on two parallel horizons. The Diamond Willow Zone has a historical resource estimate of 270,000 tonnes grading 4% zinc plus copper (Pistol Bay Mining Inc. Press Release dated February 16, 2017). No mineral resource, historical or otherwise, has been calculated for any of the other four zones.

The qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the issuer is not treating the historical estimate as a current mineral resource.

Copperlode East

Augmenting the recently acquired Copperlode West claims, Trillium Gold has added another 850 hectares that covers prospective geology in and around the Copperlode East and Joy claims blocks.

Pakwash (Leo Extension)

The 2,175 hectare Pakwash Lake project is located in the Cabin Bay Area of the Red Lake Mining District southeast of Great Bear Resources’ Dixie project. The property is accessible by old forestry access roads leading from provincial highway 105, as well as by boat via Pakwash Lake and the Chukuni and English Rivers. It is contiguous to Trillium Gold’s 100% owned, 20,650 hectare Leo property – bringing the combined area to nearly 22,850 hectares and covering a strike length of 40km of rocks similar to those of the Eeyou Istchee/James Bay belt in North Eastern Quebec.

The property lies in an area of metasedimentary rocks of the English River sub-province, including a variety of granitoid intrusives, and is situated just to the south of a major structural zone called the Sydney Lake Fault. Metasedimentary terrains in the vicinity of major structures, once considered to have low mineral potential, have been the site of recent gold discoveries such as Newmont’s Éléonore mine in northern Québec, the Curraghinalt gold deposit in Northern Ireland, and the Valentine Lake gold deposit in Newfoundland.

“These newly acquired Confederation Lake claims potentially hold unidentified gold deposits not previously identified during historical base metal exploration” states William Paterson, Trillium Gold’s Vice President of Exploration  “We are looking forward to unlocking this potential and finding the next Dixie Lake style deposit”.

Data compilation and target generation is already underway on the newly acquired properties.

Figure 2 Location of the Trillium Gold Properties in the Red Lake District.

The technical information presented in this news release has been reviewed and approved by William Paterson QP, PGeo, VP of Exploration of Trillium Gold Mines., as defined by NI 43-101.

On behalf of the Board of Directors,

Trillium Gold Mines Inc.

“Russell Starr”

Russell Starr

President, CEO and Director

About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Disclosure and Caution
Completion of the transaction is subject to a number of conditions, including TSX Venture Exchange acceptance. The transaction cannot close until the required conditions are satisfied and required approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative. The TSX Venture Exchange has not reviewed or approved the terms to the Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Trillium Gold Mines Inc.

Source: https://www.prnewswire.com:443/news-releases/trillium-gold-signs-agreement-to-acquire-15-000-hectares-in-the-confederation-greenstone-belt-301179069.html

Energy

Product roundup: Enphase, Panasonic, Con Edison, startups, and more

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Check out this week’s list of some of the newest announcements related to clean energy products.

This year kicked off with a slew of new clean energy products, and over the past week, the announcements kept on coming. To stay up to date on what’s new, check out this latest product roundup:

ConnectDER meter device

New York City-based utility Con Edison is offering, free of charge, a device that can save upwards of $1,000 for a residential customer installing a new solar array. The Smart ConnectDER, built by project partner ConnectDER, allows the customer to avoid the cost of upgrading the circuit breaker panel. It also eliminates the need for excessive electrical boxes on the side of the home.

The Smart ConnectDER is an adapter that uses the electric meter socket as a point of interconnection for solar power. It fits on most electric meters and works for solar arrays up to 15 kW. Con Edison provided 300 Smart ConnectDERs to customers during a 2019 pilot program and has received state funding to provide an additional 2,400 units. The utility said it plans to continue the program even after reaching that target. More info available here.

Separately, Virginia-based ConnectDER announced it received a U.S. patent for “innovations” to its products. More info available here.

e-Zinc raises cash to commercialize energy storage tech

e-Zinc, a Toronto-based startup, raised C$2.3 million ($1.8 million) in a closed round led by BDC Capital’s Cleantech Practice to help accelerate commercialization of the tech company’s long-duration energy storage solution.

According to e-Zinc, it developed a grid-scale solution that stores energy in physically free zinc metal, scales energy capacity at a fraction of the cost of lithium-ion batteries, and enables economical energy delivery over a period of multiple days. This latest financing adds to other equity rounds and government grants. The company plans to launch a pilot project in Ontario in May and has set its sights on entering the U.S. market. More info available here.

Panasonic expands products and installer program

Panasonic Corp. of North America recently promoted 13 installers across the U.S. to the Elite and Premium tiers of its Residential Solar Installer Program. Installers and homeowners will not only gain access to the Panasonic Solar Modules portfolio, but also receive access to the new high-efficiency Panasonic Solar EverVolt Modules, available beginning in February.

Homeowners in Arizona, Texas, Florida, Iowa, and Indiana will be able to access Panasonic’s solar products from seven Elite Level installers, who will be the first in Panasonic’s network to gain access to new products and rebates. Six additional installers in Florida, Texas, and New Mexico will also offer homeowners Panasonic’s benefits as new Premium Level installers. More info available here.

Enphase solar+storage product compatibility

California-based Enphase Energy said that its Enphase Storage systems are now compatible with Enphase M215 and M250 microinverter-based solar systems. According to the company, the expanded compatibility provides approximately 300,000 additional Enphase system owners with the possibility of achieving grid-agnostic energy resilience through the Enphase Upgrade Program.

Similarly, this new combo of solar and storage products, as well as previous compatibility with IQ 6 and IQ 7 microinverter-based systems, now allows U.S. installers to approach and offer storage upgrades to nearly the vast majority of Enphase homeowners nationwide. More info available here.

NeoVolta spreads storage distribution network

NeoVolta, a San Diego-based manufacturer of residential energy storage systems, has expanded its distribution network into Utah, adding to California, Nevada, and Arizona. Under a three-year agreement, PMP Energy is able to secure specific geographic exclusivities for distribution, in exchange for making minimum purchases of up to $15 million.

According to NeoVolta, its NV14 product features a storage capacity of 14.4 kWh and 7.7 kW of continuous power discharge. That capacity can be scaled up to 24 kWh with the optional NV24 add-on battery, without the expense of an additional inverter. NeoVolta systems are engineered with lithium iron phosphate chemistry. More info available here.

Rhombus nets certifications for EV remote charging dispenser

Rhombus Energy Solutions has landed certification by Underwriters Laboratory (UL) and the Consumer Electronics Testing and Certification Services Group (CSA) for its RES-D2-CS20 electric vehicle (EV) charging dispenser. The product is compatible with Rhombus’s UL-certified 60 kW and 125 kW power conditioning systems (PCS) for high-power EV charging of medium- and heavy-duty fleets.

Combined with the UL 1741-SA certification of Rhombus’ AC to DC PCS units, these certifications allow Rhombus solutions to be used in both unidirectional and bi-directional vehicle-to-grid applications, meaning fleet operators could use their EVs as a source of energy storage. More info available here.

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Source: https://pv-magazine-usa.com/2021/01/22/product-roundup-enphase-panasonic-con-edison-startups-and-more/

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Virginia aims to make installing energy storage easier

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The state is under a crunch to build out 3.1 GW of storage by 2035, but bills meant to remove lengthy regulatory approvals and ease the procurement of local permits are looking to alleviate the pressure.

Over the last two years, Virginia has made significant legislative strides in promoting the development of renewable resources, all in pursuit of achieving 100% clean energy by 2050, adding 16 GW of solar and onshore wind, building 3 GW of energy storage, and closing the state’s coal power plants by 2024.

In 2020, legislators changed state laws to allow solar and wind projects to be developed more smoothly and swiftly. Initially devised for smaller-scale wind projects and later extended to solar, Virginia’s permit by rule (PBR) program allows renewable generation projects under a certain threshold – 150 MW for now – to eschew the approval process overseen by the State Corporation Commission, which can be a lengthy affair.

This year, lawmakers are looking to do the same for energy storage.

Enter House Bill 2148, a measure introduced by State Delegate Rodney Willett, a Democrat from Henrico County. The bill looks to extend this same regulatory review avoidance to energy storage facilities and hybrid renewable + storage projects that meet similar parameters.

Willett has described the bill as the logical next step toward achieving the state’s clean economy goals and critical if Virginia hopes to get an unprecedented 3.1 GW of storage onto the grid by 2035.

And while projects still have a number of steps along development that can slow down or stall them, PBR has proven to be an effective policy for Virginia in recent history. More than 70 project developers filed notices of intent to apply for the program in 2020.

HB 2148 is not the only bill in the works in Virginia to make rolling out storage projects easier. One of the biggest headaches for developing solar in the state has been getting permits for projects (just ask the Spotsylvania developers).

This has been so historically difficult because, prior to 2020, renewable generation projects had certain state tax exemptions. Because of this, rural residents and legislators felt that they were being taken advantage of, as these projects would take up large swaths of land, provide little local revenue, and have the generation used outside of the local community.

This issue was partially remedied in 2020, when laws were passed that caused the tax exemptions to decrease over time, or local governments could instead opt for a revenue-sharing system where a $1,400/MW fee could be imposed on the project.

State Delegate Stephen Heretick, a Democrat from Portsmouth County, has introduced House Bill 2006, which would extend these same measures to energy storage projects.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/virginia-aims-to-make-installing-energy-storage-easier/

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Entergy Arkansas solar program slated to save $60m for local schools, other customers

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“From October to November, our energy bill went down by $2,700,” said Robby Lowe, superintendent of the Junction City School District.

Entergy Arkansas customers who joined the utility’s Solar Energy Purchase Option B program in fall 2020 have already begun to reap savings from the clean power generated at the 81 MW Stuttgart Solar Energy Center.

According to Entergy Arkansas, participating agencies are projected to save about $60 million over the lifetime of the solar facility.

Of the 61 subscribed customers, 26 are schools, which will save an estimated $39 million over the next 18 years. The remaining subscribed entities – including cities and counties, water treatment plants, churches, and nonprofits – will save nearly $21 million.

“From October to November, our energy bill went down by $2,700,” said Robby Lowe, superintendent of the Junction City School District.

The Jessieville School District is expected to save over $50,000 annually. Superintendent Melissa Speers said that extra money can now go toward more efforts to support students, including anything “from better science labs to more field trips.”

Owned and operated by NextEra, Stuttgart Solar came online in 2018 and is contracted exclusively to Entergy Arkansas. It was the first of three approved Entergy Arkansas solar facilities.

Half of the 81 MW project’s power is dedicated to tax-exempt subscribers under the Solar Energy Purchase Option program. The solar tariff was approved by the Arkansas Public Service Commission (PSC) in mid-September 2020, and customers were enrolled on a first-come, first-served basis.

Entergy Arkansas noted that all available energy is currently under contract, with more than 60 entities enrolled and at least that many on the waiting list for any future Solar Energy Purchase Options the PSC might authorize.

By participating in this program, customers are expected to save between 18% and 28% on their electricity costs, while still helping to support grid maintenance and lowering the cost shift incurred by all other customers without solar systems.

Michael Considine, Entergy Arkansas’ vice president of customer service, said this program is “especially helpful to tax-exempt customers who already have tight budgets.”

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/entergy-arkansas-solar-program-slated-to-save-60m-for-local-schools-other-customers/

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Tampa Electric doubles its solar-powered homes goal

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The utility plans to power the equivalent of 200,000 homes with solar energy by 2023, and retire a coal plant 18 years ahead of schedule.

Tampa Electric achieved commercial operation on its tenth utility-scale  solar project, the 60 MW Durrance Solar project, located in Polk County, Florida.

By bringing that project live earlier this month, Tampa Electric now has enough solar capacity to power 100,000 homes, a benchmark that the utility had previously set as a procurement goal. Now, the utility has set a new goal of having enough solar capacity on-line by 2023 to power 200,000 homes.

Alongside doubling its solar reach in just two years, the utility is also looking to retire a coal unit, Big Bend Unit 3, in 2023, nearly two decades before the unit’s scheduled retirement. The move is seen as a money saving one as well as an environmentally-conscious decision, as continuing the unit’s operation past 2023 would require significant capital investments for improvements, a financial burden the utility has deemed unfair to ratepayers.

Big Bend 3 also marks the second Big Bend unit that is retiring. In November, Unit 2 will retire as part of the $850 million Big Bend Modernization project, an undertaking that will renovate the remaining Big Bend units to include combined-cycle natural gas units, capable of producing 1,090 MW of electricity.

Back on the solar side of things, the work to get to 200,000 is under way. Tampa Electric has begun construction on the next wave of 600 MW of solar, all of which will reach commercial operation by the end of 2023. Four projects with a combined capacity of 225 MW are scheduled to be completed by the end of 2021. When the entire 600 MW tranche is complete, Tampa Electric will have enough solar energy to reach its 200,000-homes goal.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/22/tampa-electric-doubles-its-solar-powered-homes-goal/

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