http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sun, 25 Jun 2017 13:48:19 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Force Commodities completes board revamp as drilling continues at Mt Adrah ]]> http://www.proactiveinvestors.com.au/companies/news/178807/force-commodities-completes-board-revamp-as-drilling-continues-at-mt-adrah-178807.html Force Commodities (ASX:4CE) has revealed a new board following the appointments of David Sanders as non-executive chairman, and Jason Brewer as a non-executive director.

Patrick Glovac, non-executive director, commented: "I am pleased that David and Jason have agreed to join the company’s board.

"Both are highly experienced and have the skill and expertise to govern Force with the strategic intent required to transition Force into a successful business."

With the board changes now all complete, the company can re-focus on the current drilling program at the Mt Adrah Gold Project, which is located in New South Wales.

Hole 1 has been completed to a depth of 290 metres as planned, with detailed geological logging in progress. Sampling and assaying will be conducted on prospective zones.

Hole 2 has been commenced targeting the same depth.

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Tue, 06 Jun 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178807/force-commodities-completes-board-revamp-as-drilling-continues-at-mt-adrah-178807.html
<![CDATA[News - Force Commodities granted additional time to reveal new board ]]> http://www.proactiveinvestors.com.au/companies/news/178674/force-commodities-granted-additional-time-to-reveal-new-board-178674.html Force Commodities (ASX:4CE) has been granted a voluntary suspension by the ASX, following on from a trading halt.

The company is preparing to appoint additional directors.

Force said the company expects that the voluntary suspension will continue until the opening of trading on Tuesday 6th June 2017.

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Fri, 02 Jun 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178674/force-commodities-granted-additional-time-to-reveal-new-board-178674.html
<![CDATA[News - Force Commodities to update on board positions ]]> http://www.proactiveinvestors.com.au/companies/news/178527/force-commodities-to-update-on-board-positions-178527.html Force Commodities (ASX:4CE) has been granted a trading halt by the ASX, with its shares placed in pre-open.

The company requested the halt following the resignation of Mark Darras and Peter Smith, and therefore no longer has the required three directors for an ASX-listed company.

The halt will remain in place until the opening of trade on Friday 2nd June 2017, or earlier if an announcement is made to the market.

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Wed, 31 May 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178527/force-commodities-to-update-on-board-positions-178527.html
<![CDATA[News - Force Commodities welcomes drill rig to Mt Adrah ]]> http://www.proactiveinvestors.com.au/companies/news/178359/force-commodities-welcomes-drill-rig-to-mt-adrah-178359.html Force Commodities (ASX:4CE) has welcomed the arrival of a drill rig to site at its 99.5% owned Mt Adrah Gold Project located in New South Wales.

Drilling will commence following site inductions and site set-up.

The drill program will target potential high grade mineralisation below White Deer Reef’s historical surface workings, and above a high-grade intersection of 1.2 metres at 58.6 g/t gold from 624 metres down hole.

White Deer Reef is interpreted to be derived from the same mineralising event as Hobbs Pipe.

The Hobbs Pipe gold deposit is located 400 metres away and has a JORC resource of 20.5 million tonnes at 1.1 g/t gold for 770,000 ounces of gold.

Drilling will also target other potential reefs and veins with no surface expression between Hobbs Pipe and White Deer Reef.

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Fri, 26 May 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178359/force-commodities-welcomes-drill-rig-to-mt-adrah-178359.html
<![CDATA[News - Force Commodities to drill Mt Adrah next week ]]> http://www.proactiveinvestors.com.au/companies/news/177896/force-commodities-to-drill-mt-adrah-next-week-177896.html Force Commodities (ASX:4CE) has commenced site works ahead of its drill program at the White Deer Reef within the 99.5% owned Mt Adrah Gold Project located in New South Wales.

Drilling is anticipated to commence next week, weather permitting, and will target potential high grade mineralisation below White Deer Reef’s historical surface workings.

At depth, historical drilling intersected high-grade gold including 1.2 metres at 58.6 g/t gold from 624 metres down hole.

The White Deer Reef is interpreted to be derived from the same mineralising event as Hobbs Pipe.

The Hobbs Pipe gold deposit is located 400 metres away and has a JORC resource of 20.5 million tonnes at 1.1 g/t gold for 770,000 ounces of gold.


Background

Force is focused on the Halls Peak Project and Mt Adrah Gold Project both located in New South Wales.

It also owns a majority stake in the Rocky River - Uralla Gold Project in New South Wales.

Furthermore, Force is a substantial holder in Marquee Resources (ASX:MQR) with 2.25 million shares, valued at circa $0.5 million.

Marquee recently commenced trading on the ASX, with a focus on advancing exploration at its wholly-owned Clayton Valley project, located in Nevada U.S.

The project is strategically located 5 kilometres from the largest lithium producer in the country being Albemarle Corporation (NYSE:ALB).

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Wed, 17 May 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177896/force-commodities-to-drill-mt-adrah-next-week-177896.html
<![CDATA[News - Force Commodities on schedule for Mt Adrah drilling ]]> http://www.proactiveinvestors.com.au/companies/news/177088/force-commodities-on-schedule-for-mt-adrah-drilling-177088.html Force Commodities (ASX:4CE) is on schedule to commence its drill program during May at the 99.5% owned Mt Adrah Gold Project located in New South Wales.

Earthworks for site access are expected to commence in the first week of May and the drilling program is on schedule for middle to late May 2017.

The drill program will target high grade mineralisation below White Deer Reef’s historic surface workings.

The White Deer Reef is interpreted to be derived from the same mineralising event as Hobbs Pipe.

The Hobbs Pipe gold deposit is located 400 metres away and has a JORC resource of 20.5 million tonnes at 1.1 g/t gold for 770,000 ounces of gold.


Background

Force is focused on the Halls Peak Project and Mt Adrah Gold Project both located in New South Wales.

It also owns a majority stake in the Rocky River - Uralla Gold Project in New South Wales.

Furthermore, Force is a substantial holder in Marquee Resources (ASX:MQR) with 2.25 million shares, valued at circa $0.5 million.

Marquee recently commenced trading on the ASX, with a focus on advancing exploration at its wholly-owned Clayton Valley project, located in Nevada U.S.

The project is strategically located 5 kilometres from the largest lithium producer in the country being Albemarle Corporation (NYSE:ALB).


Halls Peak drill program

The next Halls Peak drill program has been submitted for approval and is scheduled for July.

Halls Peak is a small but high grade deposit of zinc, lead, copper and silver with minor credits of gold.

Mineralisation is exposed at surface and much of the mineralisation identified in drilling exists within 100 metres of surface and present in up to four different sub-vertical horizons.

Halls Peak represents a short time frame, low capital, high grade and potentially high margin small scale mining operation using direct shippable crushed and sorted material for market.

The company expects to have a mine design and plan completed by the end of the calendar year.

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Mon, 01 May 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177088/force-commodities-on-schedule-for-mt-adrah-drilling-177088.html
<![CDATA[News - Force Commodities sees resource at Gibson’s Prospect ]]> http://www.proactiveinvestors.com.au/companies/news/176054/force-commodities-sees-resource-at-gibsons-prospect-176054.html Force Commodities’ (ASX:4CE) new management team has completed an initial site visit to the Halls Peak base metals project located in northern New South Wales.

The upcoming drill program anticipated to occur in mid-2017 will target the Gibson’s Prospect and leads on from work performed in November and December of 2016.

The program will target extensions from previous spectacular base metal intercepts featuring zinc, lead, copper and silver.

Alistair Steven, executive director, commented: “Defining a resource at Halls Peak in the near term is an important and achievable objective.

“It will demonstrate the value of the project and it is a necessary first step in the company’s overall objective of having a mining operation at this site.

“Based on the work performed to date and my visual observations, I expect that the resource will be high grade and high cash-flow generating.”


Halls Peak

The Halls Peak project area is located in the New England area of northern New South Wales 80 kilometres, by road, south-east of Armidale.

The project contains several occurrences of base metals rich in zinc and lead with varying associated levels of copper, silver and gold.

Mining was undertaken intermittently between 1896 and 1967, producing high grade ore from mostly small scale underground workings.

The area has potential for

- The development of shallow, small scale, high grade deposits; and
- The possibility of large-scale sulphide deposit at depth.


Background

Force is focused on the Halls Peak Project and Mt Adrah Gold Project both located in New South Wales.

Force is also a substantial holder in Marquee Resources (ASX:MQR) with 2.25 million shares, or an 11.32% stake.

Marquee recently commenced trading on the ASX, with a focus on advancing exploration at its wholly-owned Clayton Valley project, located in Nevada U.S.

The project is strategically located 5 kilometres from the largest lithium producer in the country being Albemarle Corporation (NYSE:ALB).


Preparing to drill Mt Adrah

Force is also finalising its plans to drill test the high grade White Deer Reef at the Mt Adrah Gold Project located in New South Wales.

The drilling program will comprise 1,300 metres of diamond drilling and is anticipated to commence in May 2017.

The White Deer Reef is located 400 metres from the Hobbs Pipe gold deposit and the drill program is designed to define additional resources in near surface narrow high grade veins.

The White Deer Reef is interpreted to be derived from the same mineralising event as Hobbs Pipe, which has a JORC resource of 20.5 million tonnes at 1.1 g/t for 770,000 ounces of gold.

Force is sufficiently funded with $1.1 million in cash to fund exploration.

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Thu, 06 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176054/force-commodities-sees-resource-at-gibsons-prospect-176054.html
<![CDATA[News - Force Commodities getting ready to drill test gold target ]]> http://www.proactiveinvestors.com.au/companies/news/175887/force-commodities-getting-ready-to-drill-test-gold-target-175887.html Force Commodities (ASX:4CE) is finalising its plans to drill test the high grade White Deer Reef at the Mt Adrah Gold Project located in New South Wales.

The drilling program will comprise 1,300 metres of diamond drilling and is anticipated to commence in May 2017.

The White Deer Reef is located 400 metres from the Hobbs Pipe gold deposit and the drill program is designed to define additional resources in near surface narrow high grade veins.

The White Deer Reef is interpreted to be derived from the same mineralising event as Hobbs Pipe, which has a JORC resource of 20.5 million tonnes at 1.1 g/t for 770,000 ounces of gold.

Force is sufficiently funded with $1.1 million in cash to fund exploration.


Drill program details

The upcoming White Deer Reef drilling program will be conducted in two phases.

Phase one will target vein mineralisation between surface and 150 metres, over a strike length of 200 metres.

Phase two will test the projected reef position at the approximate mid-point between surface drilling intercepts and the 2013 intercept of 1.2 metres at 58.6 g/t gold from 624 metres depth.

This collar position will also test other potential gold bearing veins between the Hobbs Pipe and White Deer Reef that don’t have surface expressions.


Background

Force is focused on the Halls Peak Zinc Project and Mt Adrah Gold Project both located in New South Wales.

Force is also a substantial holder in Marquee Resources (ASX:MQR) with 2.25 million shares, or an 11.32% stake.

Marquee recently commenced trading on the ASX, with a focus on advancing exploration at its wholly-owned Clayton Valley project, located in Nevada U.S.

The project is strategically located 5 kilometres from the largest lithium producer in the country being Albemarle Corporation (NYSE:ALB).

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Tue, 04 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/175887/force-commodities-getting-ready-to-drill-test-gold-target-175887.html
<![CDATA[News - Force Commodities appoints the experienced Peter Smith to the board ]]> http://www.proactiveinvestors.com.au/companies/news/175479/force-commodities-appoints-the-experienced-peter-smith-to-the-board-175479.html Force Commodities (ASX:4CE) has appointed Peter Smith as a non-executive director.

Smith brings considerable experience having been a director of Western Metals, Evolution Mining and the New South Wales Mineral Council.

He has also held a number of senior executive positions with industry heavyweights Rio Tinto, WMC Resources, Newcrest Mining and Lihir Gold.

Mark Darras, chairman, commented: "Peter brings to the role considerable skills and expertise that will greatly assist the company."

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Tue, 28 Mar 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175479/force-commodities-appoints-the-experienced-peter-smith-to-the-board-175479.html
<![CDATA[News - Force Commodities becomes a substantial holder in Marquee Resources ]]> http://www.proactiveinvestors.com.au/companies/news/175034/force-commodities-becomes-a-substantial-holder-in-marquee-resources-175034.html Force Commodities (ASX:4CE) has sent a notice of initial substantial holder to Marquee Resources (ASX:MQR).

Force holds 2.25 million shares, or an 11.32% stake, in Marquee.

Marquee only recently commenced trading on the ASX, with a focus on advancing exploration at its wholly-owned Clayton Valley project, located in Nevada U.S.

The project is strategically located 5 kilometres from the largest lithium producer in the country being Albemarle Corporation (NYSE:ALB).

Albemarle has been producing since 1966.

Adding further interest to a potential end user supplier, Clayton Valley is located 3.5 hours drive away from the Tesla MegacFactory, which is the world’s largest lithium based battery manufacturer.

Commenting on the recent IPO, Charles Thomas, executive director for Marquee, said:

"The company is extremely pleased with the overwhelming support that has been shown from the investment community.

"I wish to take this opportunity to welcome new shareholders to the company as well as existing Force Commodities shareholders who took up their priority allocations.

"The board has recognised the substantial opportunity that exists in the U.S. for mining projects and is particularly excited by the large potential that our Clayton Valley lithium project holds."

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Mon, 20 Mar 2017 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175034/force-commodities-becomes-a-substantial-holder-in-marquee-resources-175034.html
<![CDATA[News - Force Commodities welcomes leadership change ahead of detail project overview ]]> http://www.proactiveinvestors.com.au/companies/news/173871/force-commodities-welcomes-leadership-change-ahead-of-detail-project-overview-173871.html Force Commodities (ASX:4CE) has appointed new board and management for the progression of commercialisation studies for the company’s assets.

Mark Darras has been appointed as non-executive and independent chairman and Alistair Stephens have been appointed executive director to the board.

Stephens has over 30 years' experience in the resources industry with the likes of Newmont, Normandy, KCGM, WMC Resources, Orica, Arafura Resources and Globe Metals and Mining.

Darras has vast experience in senior counsel and executive positions, is a former member of the Takeovers Panel and served as deputy and acting chairman at Australian Postal Corporation.

Furthermore, a leading management and geological team has been appointed including Geoff Chapman in resource development and Marc Steffens in project development to drive exploration activities at Mt Adrah and Halls Peak in New South Wales.

Force is targeting high-grade zinc-lead at Halls Peak and a sizeable gold deposit at Mt Adrah.

A detailed project overview and company strategy has commenced and will be released shortly.

Current non-executive chairman Charles Thomas has resigned effective immediately to focus on his other business interests and current managing director Rocco Tassone has also tendered his resignation.

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Tue, 28 Feb 2017 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173871/force-commodities-welcomes-leadership-change-ahead-of-detail-project-overview-173871.html
<![CDATA[News - Force Commodities completes oversubscribed placement ]]> http://www.proactiveinvestors.com.au/companies/news/171641/force-commodities-completes-oversubscribed-placement-171641.html Force has raised $948,120 before costs to continue its exploration strategy will targeting high-grade zinc-lead at Halls Peak, and a sizeable gold deposit at Mt Adrah.

Results to date from Halls Peak confirm the right depositional environment to host a large scale, high-grade base metal deposit.

Furthermore, Force is expecting to receive a $200,000 research and development tax offset refund at the end of the current March quarter.

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Mon, 16 Jan 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171641/force-commodities-completes-oversubscribed-placement-171641.html
<![CDATA[News - Force Commodities secures funds to drill gold and zinc ]]> http://www.proactiveinvestors.com.au/companies/news/171178/force-commodities-secures-funds-to-drill-gold-and-zinc-171178.html Force Commodities (ASX:4CE) has successfully secured $948,120 through the placement of 37.9 million shares priced at $0.025 to sophisticated and professional investors.

The raising allows Force to re-affirm that its aggressive exploration strategy will continue in 2017 targeting its high-grade zinc-lead deposit at Halls Peak and sizeable gold deposit at Mt Adrah.

Coming work at the Halls Peak - Gibson project located in New South Wales will follow-up recent assays that recorded grades of up to 46% zinc and 27% lead.

Rocco Tassone, managing director, commented: “The board is overwhelmed with the level of support generated for this significantly oversubscribed placement.

“Approximately 70% of the placement will be issued to new shareholders to the Force Commodities register and the company is buoyed the market is beginning to appreciate the potential at Halls Peaks high-grade Zinc and Lead project and Mt Adrah Gold deposit.”


New data at Halls Peak

Company management has recently received a significant amount of historical data on Halls Peak generated by a number of major mining companies such as BHP Co. Ltd.

The extensive data includes and is not limited to historical drill holes and assays, geochemical analysis and geophysics.

The information will prove invaluable in allowing the geological team to better understand this highly prospective high-grade deposit, having already highlighting the fact that historical assays have been largely untested for gold.


Upcoming exploration

Phase three of the next Halls Peak drilling campaign will be expedited for early 2017 and will target a maiden JORC resource with potential additional extensions to the shallow mineralised high-grade zones.

The Mt Adrah 2017 campaign will initially conduct a 1,280 metres diamond core drill program and naturally if results are positive the program will be expanded to test structures along strike and down dip with the aim to build a JORC resource inventory.


Analysis

The cash injection comes at a convenient time for Force who is expecting a prosperous 2017 as it looks to better understand the Halls Peak zinc-lead deposit.

Results to date at Halls Peak continue to confirm the right depositional environment to host a large scale, high-grade base metal deposit.

The third phase of drilling at Halls Peak targeting a maiden JORC resource ensures the company is leveraged to exploration news flow from a highly prospective project over the short term.

Furthermore, Force is expecting to receive a $200,000 research and development tax offset refund at the end of the current March quarter.

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Thu, 05 Jan 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171178/force-commodities-secures-funds-to-drill-gold-and-zinc-171178.html
<![CDATA[News - Force Commodities to outline capital raising to advance zinc asset ]]> http://www.proactiveinvestors.com.au/companies/news/171059/force-commodities-to-outline-capital-raising-to-advance-zinc-asset-171059.html The halt will remain in place until the opening of trade on Thursday 5th January 2017, or earlier if an announcement is made to the market.

Just last week the company revealed more high grades of zinc and lead from drilling at the 100% owned Halls Peak - Gibson project located in New South Wales.

Assays from the final three holes all ended in mineralisation and recorded grades of up to 46% zinc and 27% lead.

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Tue, 03 Jan 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171059/force-commodities-to-outline-capital-raising-to-advance-zinc-asset-171059.html
<![CDATA[News - Sovereign Gold Company intersects more high grade zinc and lead ]]> http://www.proactiveinvestors.com.au/companies/news/170999/sovereign-gold-company-intersects-more-high-grade-zinc-and-lead-170999.html Sovereign Gold Company (ASX:SOC) (currently being renamed Force Commodities ASX:4CE), has intersected more high grades of zinc and lead in its final round of assay results from drilling at the 100% owned Halls Peak - Gibson project located in New South Wales.

Assays from the final three holes all ended in mineralisation and recorded grades of up to 46% zinc and 27% lead.

The significance of these results is evident and confirm the board’s recent decision to expedite its phase 3 drilling campaign early next year.

The developing picture at Halls Peak is encouraging and suggests a deposit based on a Kuroko massive sulphide style system.

Collation of data for the creation of a 3D model is ongoing and will be possible with the addition of the next round of drilling data.

Rocco Tassone, managing director, commented:

"This process will ensure the best information available is used in targeting further drill holes, which in turn gives the company its best chance of discovering the most economically significant parts of the system."


Drill result details

The final round of assay results from this drilling campaign has returned some exceptional near surface high-grade results including:

- 7.2 metres at 20.19% zinc, 7.17 % lead, 0.66% copper, 30.93 g/t silver and 0.1 g/t gold from 8.8 metres;
- 11.2 metres at 19.71% zinc, 10.77% lead, 0.8% copper, 134.96g/t silver and 0.23g/t gold from 8.4 metres; and
- 13.2 metres at 5.53% zinc, 2.71% lead, 0.43% copper, 94.33 g/t silver and 0.52 g/t gold from 8.8 metres.

This follows intersections in the first three holes of:

- 43.30 metres at 5.06% zinc and lead, 0.98% copper, 23.79 g/t silver, 0.14 g/t gold;
- 47.60 metres at 3.91% zinc lead, 0.48% copper,10.92 g/t silver, 0.07 g/t gold; and
- 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface.


Analysis

The final round of assay results at Halls Peak continues to confirm the right depositional environment to host a large scale, high-grade base metal deposit.

Recognition of Halls Peak as a Kuroko style massive sulphide deposit type raises the prospectivity and chance of major ore system discovery through the use of type-example analogy.

The third phase of drilling at Halls Peak will be expedited for early 2017 and will target a maiden JORC resource with potential additional extensions to the mineralised high-grade zones.

This ensures the company is leveraged to exploration news flow from a highly prospective project over the short term.

The developing picture at Halls Peak as shown by the most recent assay results from holes is encouraging.

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Thu, 29 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170999/sovereign-gold-company-intersects-more-high-grade-zinc-and-lead-170999.html
<![CDATA[News - Sovereign Gold Company to reveal high grade assays from zinc project ]]> http://www.proactiveinvestors.com.au/companies/news/170958/sovereign-gold-company-to-reveal-high-grade-assays-from-zinc-project-170958.html The company requested the halt pending further high-grade assays from Halls Peak Zinc and Base Metals project located in New South Wales.

Recent assays include: 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface.

The halt will remain in place until the opening of trade on Friday 30th December 2016, or earlier if an announcement is made to the market.

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Wed, 28 Dec 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170958/sovereign-gold-company-to-reveal-high-grade-assays-from-zinc-project-170958.html
<![CDATA[News - Force Commodities is the new name for Sovereign Gold Company ]]> http://www.proactiveinvestors.com.au/companies/news/170910/force-commodities-is-the-new-name-for-sovereign-gold-company-170910.html The company recently lodged its research and development tax incentive claim for the 2015 financial year and it expects to receive $200,000.

Additionally, the prospectus for the Clayton Valley lithium spin-off, Marquee Resources has been lodged with authorities.

Force Commodities will retain a 9.375% equity position upon successfully listing with the equity valued at $450,000 at the $0.20 issue price.

The company is also currently awaiting assays due shortly from drill holes SG04, SG05 and SG06 at the 100% owned Halls Peak - Gibson project located in New South Wales.

Recent assays saw SG03 intersected 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface.

This follows intersections in the first two holes of:

- SG01: 43.30 metres at 5.06% zinc and lead, 0.98% copper, 23.79 g/t silver, 0.14 g/t gold  including 3.80 metres at 16.78% zinc, 3.85% lead, 2.13% copper, 41.84 g/t silver and 0.22 g/t gold; and
- SG02: 47.60 metres at 3.91% zinc lead, 0.48% copper,10.92 g/t silver, 0.07 g/t gold including 16.40 metres at 5.93% zinc, 2.27% lead, 0.77% copper, 17.01 g/t silver and 0.13g/t gold.

Analysis of the deposit will be conducted and a structural image will be compiled and released shortly, incorporating all previous and existing drilling results.

The presence of high-grade copper mineralisation at depth suggests the possibility of second style of mineralisation in the Halls Peak area, potentially massive sulphide replacement bodies in intensely carbonate-altered rocks or a porphyry-style mineralisation at depth.

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Fri, 23 Dec 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170910/force-commodities-is-the-new-name-for-sovereign-gold-company-170910.html
<![CDATA[News - Sovereign Gold Company lodges prospectus for lithium spin-off ]]> http://www.proactiveinvestors.com.au/companies/news/170709/sovereign-gold-company-lodges-prospectus-for-lithium-spin-off-170709.html (Currently trading as SOCDA as shares consolidated, and soon to be known as Force Commodities ASX:4CE).

The company now awaits ASX and/or shareholder approval to ensure it complies with ASX Listing Rule 11.4 and the transaction is not affected.

Sovereign shareholders will benefit via the retention by Sovereign of a 9.375% equity position in the new company, and will also be given priority entitlement to subscribe for shares in the IPO.

The directors of Sovereign believe that the spin-off and IPO provides the best avenue for the company to realise potential significant value from its Nevada Lithium assets.

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Tue, 20 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170709/sovereign-gold-company-lodges-prospectus-for-lithium-spin-off-170709.html
<![CDATA[News - Sovereign Gold Company to outline asset disposal ]]> http://www.proactiveinvestors.com.au/companies/news/170649/sovereign-gold-company-to-outline-asset-disposal-170649.html (Currently trading as SOCDA as shares consolidated, and soon to be known as Force Commodities ASX:4CE).

The halt will remain in place until the opening of trade on Wednesday 21st December 2016, or earlier if an announcement is made to the market.

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Mon, 19 Dec 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170649/sovereign-gold-company-to-outline-asset-disposal-170649.html
<![CDATA[News - Sovereign Gold Company hits game changing 102 metre high grade intercept ]]> http://www.proactiveinvestors.com.au/companies/news/170501/sovereign-gold-company-hits-game-changing-102-metre-high-grade-intercept-170501.html Sovereign Gold Company (ASX:SOC) has intersected 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface at the 100% owned Halls Peak - Gibson project located in New South Wales.

(Currently trading as SOCDA as shares consolidated, and soon to be known as Force Commodities ASX:4CE).

The mineralised intersection of massive sulphides contained grades of up to 15% zinc, 8% lead and 597 g/t silver.

The assay results from this diamond drill program confirm the existence a numerous, thick, high-grade mineralised zones of zinc, lead, copper, silver and gold.

The third phase of drilling at Halls Peak will be expedited for early 2017 and will target a maiden JORC resource with potential additional extensions to the mineralised high-grade zones.

Rocco Tassone, managing director, commented: “The company is certainly excited by the high-grade results at Halls Peak providing shareholders with the potential to benefit from the buoyant zinc market.”


SG03 drill hole details

Drill hole SG03, which stepped back 20 metres from SG02 has intersected 102.3 metres at 4.40% zinc and lead, 0.39% copper, 88.94 g/t silver and 0.26 g/t gold from surface including:

- 11.3 metres at 15.18% zinc, 8.02% lead, 1.61% copper, 597.8 g/t silver, 1.56 g/t gold; and
- 5.7 metres at 9.44% zinc, 7.09% lead, 0.53% copper, 155.21 g/t silver, 0.45 g/t gold.

This follows intersections in the first two holes of:

- SG01: 43.30 metres at 5.06% zinc and lead, 0.98% copper, 23.79 g/t silver, 0.14 g/t gold  including 3.80 metres at 16.78% zinc, 3.85% lead, 2.13% copper, 41.84 g/t silver and 0.22 g/t gold; and
- SG02: 47.60 metres at 3.91% zinc lead, 0.48% copper,10.92 g/t silver, 0.07 g/t gold including 16.40 metres at 5.93% zinc, 2.27% lead, 0.77% copper, 17.01 g/t silver and 0.13g/t gold.

Analysis of the deposit will be conducted and a structural image will be compiled and released shortly, incorporating all previous and existing drilling results.

The presence of high-grade copper mineralisation at depth suggests the possibility of second style of mineralisation in the Halls Peak area, potentially massive sulphide replacement bodies in intensely carbonate-altered rocks or a porphyry-style mineralisation at depth.


Analysis

Exploration at Halls Peak is aimed to locating the right depositional environment to host a large scale, high-grade base metal deposit.

The exceptional results received during this drill campaign continue to show that Halls Peak has the potential to host a large base metal deposit and have presented the company with an opportunity of considerable upside.

Sovereign Gold will shortly provide a structural model of the 100% owned Halls Peak deposit in so that shareholders can clearly understand the considerable potential that exists for this project.

With a follow up drill program being expedited to target a maiden JORC resource, Sovereign Gold is well positioned for further news flow catalysts over the coming months.

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Thu, 15 Dec 2016 13:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170501/sovereign-gold-company-hits-game-changing-102-metre-high-grade-intercept-170501.html
<![CDATA[News - Sovereign Gold Company granted additional time to deliver assays ]]> http://www.proactiveinvestors.com.au/companies/news/170438/sovereign-gold-company-granted-additional-time-to-deliver-assays-170438.html The high-grade exploration results are coming from Halls Peak in New South Wales.

Just two weeks ago the company said mineralisation was witnessed in the third hole of the current 1,000 metre program, commencing from 11.3 metres - which was much shallower than expected.


New name

Sovereign Gold Company will be changing its name to Force Commodities, with the change to occur on the ASX on the 22nd December 2016.

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Wed, 14 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170438/sovereign-gold-company-granted-additional-time-to-deliver-assays-170438.html
<![CDATA[News - Sovereign Gold Company to reveal high-grade results from Halls Peak ]]> http://www.proactiveinvestors.com.au/companies/news/170271/sovereign-gold-company-to-reveal-high-grade-results-from-halls-peak-170271.html Just two weeks ago the company said mineralisation was witnessed in the third hole of the current 1,000 metre program, commencing from 11.3 metres - which was much shallower than expected.

The halt will remain in place until the opening of trade on Wednesday 14th December 2016, or earlier if an announcement is made to the market.


New name

Sovereign Gold Company will be changing its name to Force Commodities, with the change to occur on the ASX on the 22nd December 2016.

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Mon, 12 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170271/sovereign-gold-company-to-reveal-high-grade-results-from-halls-peak-170271.html
<![CDATA[News - Sovereign Gold Company Ltd intersects extension to mineralised zone ]]> http://www.proactiveinvestors.com.au/companies/news/169569/sovereign-gold-company-ltd-intersects-extension-to-mineralised-zone-169569.html Sovereign Gold Company Ltd (ASX:SOC) has confirmed an extension to mineralisation at shallow levels within the Halls Peak – Gibson project located in New South Wales.

Mineralisation was witnessed in the third hole of the current 1,000 metre program. Drilling of a new and unplanned fourth hole has commenced.

High-grade visual mineralisation commenced from 11.3 metres in the third hole SG03, which is much shallower than expected.

Halls Peak is the inferred volcanic centre for extensive small but high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Rocco Tassone, managing director, commented: “The board and geological team are highly encouraged with hole SG03 confirming an extension to the mineralised zone from just 11 metres, well ahead of the expected intersection at 65 metres.”


Strong visual mineralisation continues

The third and important hole SG03 confirms an extension of mineralisation at shallower levels than expected.

SG03 was set back 20 metres from hole SG02 and this preliminary confirmation of an extension to the known mineralised zone is highly encouraging. 

Given strong encouraging indications, the hole was called at 106.7 metres and an additional unplanned hole will be drilled. 

The rig will be set back an additional 5 metres from hole SG03 and a 40-50 metre hole will be drilled with the view of intersecting and widening the known mineralisation on this level. 

Assays are pending for the first two completed holes, SG01 and SG02.


Analysis

Preliminary results from the first three holes in this drilling program continue to increase the prospects for this project.

This is validated by the company calling the hole at 106.7 metres and setting the rig back a further 5 metres with expectations of widening the known mineralised zone.

Current exploration aims to locate the right depositional environment to host a large scale, high-grade base metal deposit.

Halls Peak has potential to host a large base metal deposit.

Outlining the prospectivity, previous results have included: 37.2 metres at 8.7% zinc, 3.0% lead, 1.4% copper and 85 g/t silver, over 4 bands; and 10.5 metres at 9.81% zinc, 5.63% lead, 2.67% copper and 196 g/t silver.

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Mon, 28 Nov 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169569/sovereign-gold-company-ltd-intersects-extension-to-mineralised-zone-169569.html
<![CDATA[News - Sovereign Gold Company Ltd drills visible zinc and copper mineralisation ]]> http://www.proactiveinvestors.com.au/companies/news/169296/sovereign-gold-company-ltd-drills-visible-zinc-and-copper-mineralisation-169296.html Sovereign Gold Company Ltd (ASX:SOC) currently has a 1000 metre diamond drilling program underway at the Halls Peak – Gibson Project, located  in New South Wales.

Halls Peak is the inferred volcanic centre for extensive small but high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Current exploration aims to locate the right depositional environment to host a large scale, high-grade base metal deposit.

Halls Peak has potential to host a large base metal deposit.


Strong visual mineralisation

In an update, the company noted that two holes for circa 250 metres have been drilled, and both intersected strong visual mineralisation.

- Hole SG01 drilling completed at 140.6 metres, cores have been logged and 53 samples interval cuts have been sent to ALS for analysis.

- Hole SG02 was completed at 110.7 metres with 84 samples cut, logged and sent to ALS for analysis.

Outlining the prospectivity, previous results have included: 37.2 metres at 8.7% zinc, 3.0% lead, 1.4% copper and 85 g/t silver, over 4 bands; and 10.5 metres at 9.81% zinc, 5.63% lead, 2.67% copper and 196 g/t silver.


Rocco Tassone, managing director, commented:

"We are pleased with the early indications of the first two holes showing strong visual massive chalcopyrite (copper sulphide) and vein infill with poly metallic
sulphides (zinc and lead).

"We are confident the third hole in the program SG03 will confirm the high grade extension of the known zone of mineralisation as there has not been a hole  drilled this far back, with mineralised sections visible in outcrop between this hole and the second hole.

"Further Halls Peak drilling updates will be released when available.

"Additionally, contractors have been appointed at SOC’s Mt Adrah Gold project to re-build the access tracks in preparation for the 1280 metre diamond drill program due to commence at the completion of this Halls Peak drilling campaign."

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Tue, 22 Nov 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169296/sovereign-gold-company-ltd-drills-visible-zinc-and-copper-mineralisation-169296.html
<![CDATA[News - Sovereign Gold Company Ltd increases focus on Clayton Valley lithium ]]> http://www.proactiveinvestors.com.au/companies/news/168975/sovereign-gold-company-ltd-increases-focus-on-clayton-valley-lithium-168975.html The board is also currently assessing acquiring additional lithium and gold projects and has expanded its criteria to include advanced cobalt projects.

It is intended that Marquee will undertake an Initial Public Offer (IPO) and seek an ASX listing in conjunction with the spin-off.

Sovereign shareholders will benefit via the retention by Sovereign of a significant shareholding in the new company.

Sovereign shareholders will also be offered a priority entitlement to subscribe for shares in the new IPO.

The directors of Sovereign believe that the spin-off and IPO provides the best avenue for the company to potentially realise significant value from its Nevada-based lithium assets.

An exploration update on the Halls Peak and Mt Adrah projects both located in New South Wales is expected shortly.

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Tue, 15 Nov 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168975/sovereign-gold-company-ltd-increases-focus-on-clayton-valley-lithium-168975.html
<![CDATA[News - Sovereign Gold Company Ltd to spin-off Clayton Valley Lithium ]]> http://www.proactiveinvestors.com.au/companies/news/168782/sovereign-gold-company-ltd-to-spin-off-clayton-valley-lithium-168782.html Sovereign Gold Company Ltd (ASX:SOC) will spin-off the Clayton Valley (Nevada) Lithium Project into the newly formed Marquee Resources Limited.

It is intended that Marquee will undertake an Initial Public Offer (IPO) and seek an ASX listing in conjunction with the spin-off.

Sovereign shareholders will benefit via the retention by Sovereign of a significant shareholding in the new company.

Sovereign shareholders will also be offered a priority entitlement to subscribe for shares in the new IPO.


Director view

The directors of Sovereign believe that the spin-off and IPO provides the best avenue for the company to realise potential significant value from its Nevada Lithium assets.

Sovereign would still enjoy any upside in the new entity.


Other company news

Sovereign is currently conducting a diamond drill program at Halls Peak to test the high-grade extensions of zinc and silver.

Halls Peak is the inferred volcanic centre for extensive small but high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Current exploration aims to locate the right depositional environment to host a large scale, high-grade base metal deposit.

The drill will then move to Mt Adrah to commence a drill program of more than 1200 metres.

The Crescent Lake Lithium project is currently awaiting assays.

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Thu, 10 Nov 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168782/sovereign-gold-company-ltd-to-spin-off-clayton-valley-lithium-168782.html
<![CDATA[News - Sovereign Gold Company Ltd eyes conductor targets at Halls Peak ]]> http://www.proactiveinvestors.com.au/companies/news/168727/sovereign-gold-company-ltd-eyes-conductor-targets-at-halls-peak-168727.html The conductors have a chance to be massive silver-copper-zinc-lead sulphide deposits from surface to 300 metres.

The five targets are Spike Island, Sunnyside, Khans Prospect, Mickey Mouse and Keys.

Rocco Tassone, managing director, commented: “Following the completion of the current Halls Peak diamond drill program designed to test the high grade zinc and silver extensions at Gibsons, part of our geological team will turn their attention to the highly prospective versatile time domain electromagnetic (VTEM) conductor zones outlined in this release.”

Halls Peak is the inferred volcanic centre for extensive small but high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Current exploration aims to locate the right depositional environment to host a large scale, high-grade base metal deposit.

The next phase of exploration at Halls Peak will follow the completion of drilling at the Mt Adrah gold project scheduled in December.

Drilling will determine whether these VTEM conductive anomalies are due to massive silver-copper-zinc-lead sulphide deposits, similar to  those historically mined in the surrounding area.

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Wed, 09 Nov 2016 13:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168727/sovereign-gold-company-ltd-eyes-conductor-targets-at-halls-peak-168727.html
<![CDATA[News - Sovereign Gold Company to conduct share consolidation ]]> http://www.proactiveinvestors.com.au/companies/news/168588/sovereign-gold-company-to-conduct-share-consolidation-168588.html Key dates:

- Effective Date: Monday December 12, 2016;
- Record Date: Tuesday December 13, 2016;
- Issue Date: Tuesday December 20, 2016;
- Trading starts on a normal T+2 basis: Wednesday December 21, 2016; and
- First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis: Friday December 23, 2016.

Earlier in the month the company commenced drilling at the highly prospective Halls Peak – Gibson Project in New South Wales.

The program will cover 1000 metres of diamond drilling to determine the extension of previously announced high grade zinc and silver intersections.

These include: 1 metre from 37.3 metres at 32.8% zinc, 6.7% lead, 2.5% copper and 48.2 g/t silver; and 1.3 metres from 41.2 metres at 34.5% zinc, 11.3% lead, 2% copper and 69.4 g/t silver.


Lithium

Sovereign also has some very interesting lithium interests, and last month intersected 50 metres of mineralised pegmatite from surface at the Crescent Lake lithium project in Canada.

The hole, part of an ongoing 700 metre diamond drilling program, ended in mineralisation.

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Mon, 07 Nov 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168588/sovereign-gold-company-to-conduct-share-consolidation-168588.html
<![CDATA[News - Sovereign Gold Company Ltd drills for zinc at Halls Peak ]]> http://www.proactiveinvestors.com.au/companies/news/168445/sovereign-gold-company-ltd-drills-for-zinc-at-halls-peak-168445.html Sovereign Gold Company Ltd (ASX:SOC) has commenced drilling at the highly prospective Halls Peak – Gibson Project (EL4474), located in New South Wales.

The program will cover 1000 metres of diamond drilling to determine the extension of previously announced high grade Zinc and Silver intersections.

These include: 1 metre from 37.3 metres at 32.8% zinc, 6.7% lead, 2.5% copper and 48.2 g/t silver; and 1.3 metres from 41.2 metres at 34.5% zinc, 11.3% lead, 2% copper and 69.4 g/t silver.

Drilling is expected to be completed in four weeks and the rig will then move to Mt Adrah where more than 1200 metres of drilling is planned.

Rocco Tassone, managing director, commented:

"It has been a long time coming with many obstacles, however we are pleased to finally announce the commencement of drilling at the Halls Peak High Grade Zinc and Silver project.

"Historical drilling has discovered several shallow, small high grade massive sulphide bodies.

"We will release updates during the drilling campaign until completion, upon which time the Diamond Drill rig will move to the Mt Adrah Gold Project, expected in early December."


Halls Peak

Halls Peak is the inferred volcanic centre for extensive small but high grade Volcanic Massive Sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Current exploration aims to locate the right depositional environment to host a large scale, high-grade base metal deposit.

Several geochemical and geophysical anomalies are also present that identify further high grade, near-surface sulphides.

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Thu, 03 Nov 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168445/sovereign-gold-company-ltd-drills-for-zinc-at-halls-peak-168445.html
<![CDATA[News - Sovereign Gold Company Ltd set for news flow from four drill programs ]]> http://www.proactiveinvestors.com.au/companies/news/167668/sovereign-gold-company-ltd-set-for-news-flow-from-four-drill-programs-167668.html The company has completed one drill program with assays pending and is planning to start an additional three drill programs during November and December 2016.

The recently extended drilling at the Crescent Lake Lithium Project in Ontario, Canada has now been completed for a total of 800 metres, with the assay results expected soon.

Sovereign is also finalising a drill program at the Clayton Valley Lithium Project in Nevada, U.S. to test for lateral extensions of aquifers discovered by Pure Energy Minerals in their adjacent claims.

Notably, Sovereign’s Nevada claims are within 10 kilometres of North America’s only producing lithium mine, Albemarle Corp’s (NYSE:ALB) Silver Peak Mine.

Back home, the company has received approval to commence drilling at the Mt Adrah Hobbs Pipe – White Deer gold project in New South Wales.

A 1,280 metre drilling program is expected to commence in November 2016, with the aim to build a resource inventory.

Sovereign is also planning to conduct over 1,000 metres of diamond drilling at the Halls Peak project in New South Wales.

The company is targeting potential direct shipping ore (DSO) high grade zinc and silver at Halls Peak.

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Thu, 20 Oct 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167668/sovereign-gold-company-ltd-set-for-news-flow-from-four-drill-programs-167668.html
<![CDATA[News - Sovereign Gold Company to target zinc and silver at Halls Peak ]]> http://www.proactiveinvestors.com.au/companies/news/167458/sovereign-gold-company-to-target-zinc-and-silver-at-halls-peak-167458.html The NSW Government Division of Resources and Energy (DRE) has accepted the approval request to conduct drilling activities.

Over 1,000 metres of drilling has been finalised and a diamond drill rig is expected to be mobilised in the coming weeks.

Halls Peak is the inferred volcanic centre for extensive high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

The current exploration aims to locate a large scale, high-grade base metal deposit.

Previous high-grade results from the project area includes 1 metre at 32.8% zinc, 6.7% lead and 2.5% copper from 37.3 metres.

The long term outlook for zinc is positive, with declining production levels and the lack of genuine development opportunities.

Sovereign Gold’s share price has doubled since the start of 2016, last trading at $0.006.

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Mon, 17 Oct 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167458/sovereign-gold-company-to-target-zinc-and-silver-at-halls-peak-167458.html
<![CDATA[News - Sovereign Gold Company intersects 50 metre lithium bearing pegmatite ]]> http://www.proactiveinvestors.com.au/companies/news/167189/sovereign-gold-company-intersects-50-metre-lithium-bearing-pegmatite-167189.html Sovereign Gold Company Ltd (ASX:SOC) has intersected 50 metres of mineralised pegmatite from surface at the Crescent Lake lithium project in Canada.

The hole, part of an ongoing 700 metre diamond drilling program, ended in mineralisation.

Assays from the drilling program are expected this month.

Rocco Tassone, managing director, commented: “We are excited the drilling program has confirmed the presence of what has the potential to be a significant lithium discovery, located in a region of outcropping spodumene-bearing pegmatite structures.

“Determination as to the potential of defining a JORC compliant lithium resource will be assessed upon confirmation of the pending assay results.”


Crescent Lake lithium project

Sovereign Gold holds an exclusive option to acquire 100% of 28 unpatented mining claims within the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain outcropping lithium-bearing pegmatites and four lithium-bearing deposits: Dempster L61, Dempster L40, Dempster L28 and Chappais Lake.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.

Ardiden has identified pegmatite exposures over a 5 kilometre strike length that trends towards Sovereign’s claim boundary.

The strike trend indicates there is a high probability of similar significant spodumene mineralisation extending north-east into Sovereign’s claims.


Drilling program

Three diamond drill holes have been completed in lithium-bearing pegmatites at Dempster L61.

Two of the holes crosscut the pegmatites and confirmed the existence of two pegmatites.

The third hole was drilled on a steeper down dip angle and intersected a full 50 metres of mineralised pegmatite. 

Geologists report a visual estimate of from 15-20% spodumene throughout the hole. 

After completion of the drilling of the northeast pegmatites the drill rig will proceed southwest to test targets along strike from Ardiden’s adjacent claims.


Analysis

The drill program at Crescent Lake was recently extended and visual results from these first three holes indicate the potential the project has to host economic lithium resources.

With continued drilling and field work ongoing Sovereign Gold will look to discover additional bearing pegmatites.

The company is able to produce news flow from its two lithium projects in Canada and the U.S. as well as its Australian gold projects, where new targets were recently identified.

Shares in Sovereign Gold are trading up 100% year to date, last priced at $0.006.

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Tue, 11 Oct 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167189/sovereign-gold-company-intersects-50-metre-lithium-bearing-pegmatite-167189.html
<![CDATA[News - Sovereign Gold Company Ltd uses new method to target Hobbs Pipe look-a-likes ]]> http://www.proactiveinvestors.com.au/companies/news/166993/sovereign-gold-company-ltd-uses-new-method-to-target-hobbs-pipe-look-a-likes-71388.html Sovereign Gold Company Ltd (ASX:SOC) has refined an exploration method to identify new Hobbs Pipe style gold mineralisation within the Mt Adrah gold project located in New South Wales.

The first deep drill hole into Hobbs Pipe produced an intersection of 886 metres at 1.2 g/t gold.

The company can use this new method to short list the airborne Hobbs Look-a-Like target for drilling priority and to locate new targets not detected in the wide spaced airborne survey.

The new method will be applied to several recently announced Priority 1 targets which are located in close proximity to Hobbs Pipe.

Drill rigs are on standby and these new targets will be drilled in conjunction with White Deer as soon as weather permits.

Rocco Tassone, managing director, commented: “Sovereign’s research and development has developed a relatively fast and cheap method to locate potential repetitions of Hobbs Pipe.

“We are delighted to have so many targets to test and shortlist prior to quick assessment by reverse circulation drilling.”

Sovereign Gold maintains a dual-commodity focus on gold and lithium with two lithium projects in North America.

Shares in Sovereign Gold are trading up 100% year to date, last priced at $0.006.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 06 Oct 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166993/sovereign-gold-company-ltd-uses-new-method-to-target-hobbs-pipe-look-a-likes-71388.html
<![CDATA[News - Sovereign Gold Company Ltd ready to drill for gold at Mt Adrah ]]> http://www.proactiveinvestors.com.au/companies/news/166928/sovereign-gold-company-ltd-ready-to-drill-for-gold-at-mt-adrah-71360.html Sovereign Gold Company Ltd (ASX:SOC) has been granted approval to recommence drilling at the Mt Adrah Hobbs Pipe – White Deer Project in New South Wales.

The initial 1,280 metre drill program is to test for the extensions of high grade gold structures as well as targets identified from airborne geophysical data.

If the results are positive, the program will be expanded to test structures along strike and down dip with the aim to extend the 770,000 gold ounces resource inventory at Mt Adrah.

Rocco Tassone, managing director, commented: “Receiving approval to commence diamond coring at Mt Adrah is welcomed by the SOC board and all shareholders, with commencement of drilling to occur immediately upon an improvement in weather that is currently affecting the Riverina District of South Western NSW”.

Sovereign Gold also holds an exclusive option to acquire 100% of 28 unpatented mining claims within the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain outcropping lithium-bearing pegmatites and four lithium-bearing deposits.

Furthermore, the company has recently acquired the Clayton Valley lithium claims in Nevada, U.S. where it has engaged lithium consultant Jerry Aiken to manage a diamond drilling program.

Sovereign Gold’s share price has doubled during the past six month, last trading at $0.006.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 05 Oct 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166928/sovereign-gold-company-ltd-ready-to-drill-for-gold-at-mt-adrah-71360.html
<![CDATA[News - Sovereign Gold Company Ltd expands lithium drilling, assays pending ]]> http://www.proactiveinvestors.com.au/companies/news/166920/sovereign-gold-company-ltd-expands-lithium-drilling-assays-pending-71352.html Sovereign Gold Company Ltd (ASX:SOC) has increased its diamond drilling program to 700 metres from 500 metres at the Crescent Lake lithium project located in Ontario, Canada.

Four diamond holes have been completed and dispatched for assaying with results expected in October.

Lithium-bearing pegmatites have now been traced for over 2 kilometres of strike length.

Initial diamond drilling is targeting four lithium-bearing
pegmatites in the north-east portion of the claims, Chappais Lake, Dempster L61, L40 and L28.

To date, three holes have been completed on Chappais Lake and one hole on Dempster L61.

The drill rig will now proceed to Dempster L40 and L28.


Rocco Tassone, managing director, commented:

“We are excited that the drilling program is proceeding rapidly and efficiently.

“Drill core is now being regularly sampled and sent for assay.

“The second team is exploring for lithium mineralisation in the southwest zone of Sovereign’s claims along strike from Ardiden’s claims.

“We are looking forward testing further targets in this area after completion of the drilling program in the northeast.”


Crescent Lake lithium project

Sovereign Gold holds an exclusive option to acquire 100% of 28 unpatented mining claims within the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain outcropping lithium-bearing pegmatites and four lithium-bearing deposits: Dempster L61, Dempster L40, Dempster L28 and Chappais Lake.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.

Ardiden has identified pegmatite exposures over a 5 kilometre strike length that trends towards Sovereign’s claim boundary.

The strike trend indicates there is a high probability of similar significant spodumene mineralisation extending north-east into Sovereign’s claims.


Analysis

The extension of the first diamond drilling program at Crescent Lake bodes well for Sovereign Gold as it looks to take advantage of over two kilometres of lithium prospective strike.

Extensive pre-drilling sampling work returned grades of up 1.84% lithium oxide on the pegmatites, which increases the likelihood of lithium mineralisation being intercepted by the drilling.

The company is able to produce news flow from its two lithium projects in Canada and the U.S. as well as its Australian gold projects, where new targets were recently identified.

Short term news flow is expected from the second field crew currently working in the southwest zone of the Crescent Lake project.

Shares in Sovereign Gold are trading up 100% year to date, last priced at $0.006.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 05 Oct 2016 09:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166920/sovereign-gold-company-ltd-expands-lithium-drilling-assays-pending-71352.html
<![CDATA[News - Sovereign Gold Company Ltd makes move on lithium in Nevada ]]> http://www.proactiveinvestors.com.au/companies/news/166731/sovereign-gold-company-ltd-makes-move-on-lithium-in-nevada-71300.html Sovereign Gold Company Ltd (ASX:SOC) has engaged leading lithium consultant, Jerry Aiken, to manage a diamond drilling program at the 111 Clayton Valley lithium claims in the U.S. state of Nevada.

The drill program will test for extensions of aquifers discovered by Pure Energy Minerals Ltd (CVE:PE) in their adjacent claims.

Pure Energy reports 816,000 tonnes of lithium carbonate equivalent, Inferred Resource (NI 43-101).

It is within 10 kilometres of North America’s only producing lithium mine owned by Albemarle Corporation (NYSE:ALB) which has a US$8.55 billion market cap.

Rocco Tassone, managing director, commented:

“The Clayton Valley is home to the only producing Lithium mine in North America, Albermarle's Silver Peak Mine, the relatively low cost of drilling comparative to Australia and the existence of the Tenova Bateman process available to us to extract lithium product from Li bearing brines, makes SOC’s claims extremely prospective.”


Lithium drilling in Canada

Sovereign Gold recently commenced diamond drilling at the Crescent Lake lithium project located in Ontario, Canada.

The 500 metre program will target an area hosting four lithium-bearing pegmatites.

Extensive pre-drilling sampling work returned grades of up 1.84% lithium oxide on the pegmatites.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.

Ardiden has identified pegmatite exposures over a 5 kilometre strike length that trends towards Sovereign’s claim boundary.


Background

Sovereign Gold has a dual-commodity focus on gold and lithium.

The Mount Adrah gold project is located in the highly-prospective Lachlan Fold Belt of New South Wales and has a resource of 770,000 ounces of gold.

The company also is conducting exploration on two lithium project in North America.

Sovereign Gold owns an exclusive option to acquire 100% of the 50.7 square kilometre Crescent Lake lithium project located in Ontario, Canada. Recent grab samples at Crescent Lake assayed up to 1.84% lithium.

The company recently acquired the Clayton Valley lithium claims in the U.S. state of Nevada where it plans to contract an exploration team to undertake a drilling program.

Finally, Sovereign Gold also plans to drill a new high-grade zinc target at the Halls Peak tenements located near Armidale in New South Wales. Further updates on the drilling are expected shortly.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Sep 2016 12:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166731/sovereign-gold-company-ltd-makes-move-on-lithium-in-nevada-71300.html
<![CDATA[News - Sovereign Gold Company Ltd diamond drills lithium project in Canada ]]> http://www.proactiveinvestors.com.au/companies/news/166575/sovereign-gold-company-ltd-diamond-drills-lithium-project-in-canada-71260.html Sovereign Gold Company Ltd (ASX:SOC) has commenced diamond drilling at the Crescent Lake lithium project located in Ontario, Canada.

The 500 metre program will target an area hosting four lithium-bearing pegmatites.

Extensive pre-drilling sampling work returned grades of up 1.84% lithium oxide on the pegmatites.

Rocco Tassone, managing director, commented:

“We are excited that the diamond drilling program is underway in parallel with a substantial ramp-up expansion of exploration to the south-west to locate potential significant spodumene mineralisation along a trend extending north-east from Ardiden’s adjoining claims, namely the North Aubry strike extension.”


Crescent Lake lithium project

Sovereign Gold holds an exclusive option to acquire 100% of 28 unpatented mining claims within the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain outcropping lithium-bearing pegmatites and four lithium-bearing deposits: Dempster L61, Dempster L40, Dempster L28 and Chappais Lake.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.

Ardiden has identified pegmatite exposures over a 5 kilometre strike length that trends towards Sovereign’s claim boundary.

The strike trend indicates there is a high probability of similar significant spodumene mineralisation extending north-east into Sovereign’s claims.


Analysis

The commencement of diamond drilling at Crescent Lake means that Sovereign Gold will be leveraged to upcoming exploration news flow in the short term.

The company is able to produce news flow from its two lithium projects in Canada and the U.S. as well as its Australian gold projects, where new targets were recently identified.

The extensive pre-drilling exploration work complete at Crescent Lake increases the likelihood of lithium mineralisation being intercepted by the drilling. 

Furthermore, the company is able to use the results from neighbouring active explorers to identify additional lithium targets.

Shares in Sovereign Gold are trading up 65% year to date, last priced at $0.005.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 28 Sep 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166575/sovereign-gold-company-ltd-diamond-drills-lithium-project-in-canada-71260.html
<![CDATA[News - Sovereign Gold Company Ltd eyes gold targets at Mount Adrah ]]> http://www.proactiveinvestors.com.au/companies/news/166496/sovereign-gold-company-ltd-eyes-gold-targets-at-mount-adrah-71234.html Sovereign Gold Company Ltd (ASX:SOC) has identified new gold targets after reviewing airborne geophysical data for the Mount Adrah gold project in New South Wales.

The project hosts the Hobbs Pipe gold-mineralised system which has previously produced an intersection of 886 metres at 1.2 g/t gold from surface.

A new geophysical review and airborne survey interpretation was completed to uncover the gold targets.

The geophysical interpretation report identified 31 geophysical targets that may host gold mineralisation at Mount Adrah.

The priority targets are minor magnetic low anomalies similar to that were observed over Hobbs Pipe.

The high priority targets will be subject to detailed ground geophysical, geochemical surveys and rock chip analyses with the objective of shortlisting drill targets.

The Mount Adrah project contains a resource of 770,000 ounces of gold at various cut-off grades.

Mount Adrah presents an opportunity for near term cash flow for Sovereign Gold and the upcoming drill program will be vital in determining that potential.

Sovereign Gold maintains a dual-commodity focus on gold and lithium with two lithium projects in North America.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 27 Sep 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166496/sovereign-gold-company-ltd-eyes-gold-targets-at-mount-adrah-71234.html
<![CDATA[News - Sovereign Gold Ltd has four lithium-bearing pegmatites to drill ]]> http://www.proactiveinvestors.com.au/companies/news/166278/sovereign-gold-ltd-has-four-lithium-bearing-pegmatites-to-drill-71170.html Sovereign Gold Ltd (ASX:SOC) is preparing to mobilise a diamond drill rig to the Chappais Lake Lithium-bearing pegmatite, located in the Cresent Lake Project in Canada.

Around 25 metres of strike length along the main pegmatite has now been trenched and washed.

Samples are expected shortly.

Rocco Tassone, managing director, commented:

"With the Chappais Lake Pegmatite appearing to extend further than current stripping, it looks a promising target with good potential.

"With the drill rig expected to being mobilisation this week, we now have four lithium-bearing pegmatites to drill with field data strongly indicating potential to discover more."

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 22 Sep 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166278/sovereign-gold-ltd-has-four-lithium-bearing-pegmatites-to-drill-71170.html
<![CDATA[News - Sovereign Gold Company Ltd to drill test known high grade gold zone ]]> http://www.proactiveinvestors.com.au/companies/news/165913/sovereign-gold-company-ltd-to-drill-test-known-high-grade-gold-zone-71031.html Sovereign Gold Company Ltd (ASX:SOC) has finalised planning a six hole, 1,280 metre diamond drill program at the Mount Adrah gold project located in the Lachlan Fold Belt of New South Wales.

The program intends to derive an Inferred Resource with a focus on early cash flow via near-surface, high grade operations.

Drilling is expected to begin in the coming weeks.

Sovereign Gold plans to undertake the work necessary to assess early cash flow potential at Mount Adrah.

Rocco Tassone, managing director, commented: “Proof of the existence of deep tapping, laterally extensive high-grade reefs will transform the project economics of the Mount Adrah Gold Project.”


Drill program details

The drill program is designed to test extensions of known high-grade gold and predicted reef structures.

The six hole, 1,280 metre diamond program will focus on the White Deer prospect among other targets.

 The intention is to derive an Inferred Resource with a focus of moving towards early cash flow.

Previous high-grade intervals intersected by diamond drilling include:

- 2 metres at 28.4 g/t gold from 506 metres; and
- 2 metres at 50.8 g/t Au from 514 metres.

A 7th hole is planned to be drilled to 250 metres vertical depth at the nearby Hobbs Pipe gold prospect.


Background

Sovereign Gold has a dual-commodity focus on gold and lithium.

The Mount Adrah gold project is located in the highly-prospective Lachlan Fold Belt of New South Wales and has a resource of 770,000 ounces of gold.

The company also is conducting exploration on two lithium project in North America.

Sovereign Gold owns an exclusive option to acquire 100% of the 50.7 square kilometre Crescent Lake lithium project located in Ontario, Canada. Recent grab samples at Crescent Lake assayed up to 1.84% lithium.

The company recently acquired the Clayton Valley lithium claims in the U.S. state of Nevada where it plans to contract an exploration team to undertake a drilling program.

Finally, Sovereign Gold also plans to drill a new high-grade zinc target at the Halls Peak tenements located near Armidale in New South Wales. Further updates on the drilling are expected shortly.


Analysis

Mount Adrah presents an opportunity for near term cash flow for Sovereign Gold and this upcoming drill program will be key in determining that potential.

The drill program has been designed following 3D modelling, which will provide the company with additional support for accurately targeting the high grade gold reef structures.

The company remains leveraged to exploration upside as:

- Drilling at Mount Adrah is expected to begin in the coming weeks;
- Lithium fieldwork continues and assays remain pending; and
- Details on drilling the Halls Peak high-grade zinc target are expected shortly.

Shares in the company are up 65% year to date.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 15 Sep 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165913/sovereign-gold-company-ltd-to-drill-test-known-high-grade-gold-zone-71031.html
<![CDATA[News - Sovereign Gold Company Ltd samples high grade lithium in Canada ]]> http://www.proactiveinvestors.com.au/companies/news/165856/sovereign-gold-company-ltd-samples-high-grade-lithium-in-canada-71019.html Sovereign Gold Company Ltd (ASX:SOC) has sampled grades of up to 1.84% lithium from pegmatites on the Crescent Lake Project located in Ontario, Canada.

Six grab samples were collected and assayed from three lithium bearing pegmatites.

Results from the sample grab include:
- Dempster L40 deposit: 1.84% lithium
- Dempster L61 deposit: 1.09%, 0.55%, 1.32% and 1.81% lithium;
- Dempster L28 deposit: 1.08% lithium

The outcropping pegmatites at Dempster L61 provide walk-up drill targets with mineralisation at surface.

A trenching program is currently underway at Crescent Lake prior to diamond drilling.


Crescent Lake lithium project

Sovereign Gold has secured an exclusive option to acquire 100% of the 50.7 square kilometre Crescent Lake lithium project.

The project is one of the company’s two lithium projects in North America, the second being the Clayton Valley lithium claims in the U.S. state of Nevada.

The Crescent Lake project extend 11.5 kilometres northeast from its contact with the north-western boundary of Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project.

The north-east portion of Sovereign Gold’s claims host four lithium bearing deposits: Chappais Lake, Dempster L61, Dempster L40 and Dempster L28.


Analysis

The high lithium grades present within the initial samples suggest the potential for further positive results from the trenching program covering the full widths of the lithium-bearing pegmatites.

The current results along with further trenching will give the company a better understanding of the opportunity at Crescent Lake.

Sovereign Gold’s share price is up 33% year to date, currently trading at $0.004.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 14 Sep 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165856/sovereign-gold-company-ltd-samples-high-grade-lithium-in-canada-71019.html
<![CDATA[News - Sovereign Gold Company Ltd to start lithium trenching at Crescent Lake ]]> http://www.proactiveinvestors.com.au/companies/news/165260/sovereign-gold-company-ltd-to-start-lithium-trenching-at-crescent-lake-70849.html Sovereign Gold Company Ltd (ASX:SOC) has received its exploration permit for the Crescent Lake Project located in Canada and will soon begin a trenching program.

The company is expecting near term news flow as assays are pending from the grab samples taken from the Dempster L61 lithium-bearing pegmatite deposit.

One trend at Dempster L61 contains surface exposure of 50 meters and a second trend for about 30 meters.

The company also expects to release an update on Dempster L28 shortly.

The Crescent Lake Project is one of the company’s two lithium project in North America, the second being the Clayton Valley lithium claims in the U.S. state of Nevada.


Dual commodity strategy

Sovereign Gold has a focus on two of the most in-demand commodities at the moment, lithium and gold.

Starting on gold, at Mount Adrah in the highly-prospective Lachlan Fold Belt of New South Wales, valuable geophysical and geochemical databases are being processed with advanced modern software technology.

Sovereign Gold plans to drill a new target at the Halls Peak tenements located near Armidale in New South Wales after most recently identifying the target through an airborne electromagnetic survey.

Moving to lithium, at the Crescent Lake Lithium Prospects in Canada, the in-country geological team has located and sampled the Dempster L61 lithium-bearing pegmatite deposit.

At the Clayton Valley lithium claims, the company plans to contract an exploration team to undertake a drilling program to recover lithium-bearing sediments and lithium brine for test work.


Analysis

The trench program at Crescent Lake will build on information that suggests the pegmatite structure is large enough to host potentially economic grades of lithium.

Assays are pending from samples collected and this data along with further trenching will give the company a better understanding of the opportunity at Dempster L61.

The company remains leveraged to exploration upside as fieldwork continues and assays remain pending.

Shares in the company are up 65% year to date.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 05 Sep 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165260/sovereign-gold-company-ltd-to-start-lithium-trenching-at-crescent-lake-70849.html
<![CDATA[News - Sovereign Gold Company Ltd identifies zinc-lead-copper-silver target ]]> http://www.proactiveinvestors.com.au/companies/news/165259/sovereign-gold-company-ltd-identifies-zinc-lead-copper-silver-target-70798.html Sovereign Gold Company Ltd (ASX:SOC) plans to drill a zinc-lead-copper-silver target at the Halls Peak tenements located near Armidale in New South Wales.

The company identified the target through an airborne electromagnetic survey, which defined an anomalous conductive zone.

The deep conductive zones have potential to contain continuous flat lying zinc-lead-copper-silver bearing beds.

The next phase of exploration will include drilling to determine whether these anomalies are due to massive silver-copper-zinc-lead sulphide deposits, similar to those historically mined in the surrounding area.

Halls Peak

Halls Peak is the inferred volcanic centre for extensive small but high grade volcanic massive sulphide (VMS) deposits rich in copper, lead, zinc and silver.

Current exploration aims to locate the right environment to host a large scale, high-grade base metal deposit.

Several geochemical and geophysical anomalies are also present that identify further high grade, near-surface sulphides.

Additional to the VMS prospectivity, there are indications for the presence of gold.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 Sep 2016 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165259/sovereign-gold-company-ltd-identifies-zinc-lead-copper-silver-target-70798.html
<![CDATA[News - Sovereign Gold Company Ltd maintains dual-commodity strategy ]]> http://www.proactiveinvestors.com.au/companies/news/165258/sovereign-gold-company-ltd-maintains-dual-commodity-strategy-70482.html Sovereign Gold Company Ltd (ASX:SOC) has a focus on two of the most in-demand commodities at the moment, lithium and gold.

Starting on gold, at Mount Adrah in the highly-prospective Lachlan Fold Belt of New South Wales, valuable geophysical and geochemical databases are being processed with advanced modern software technology.

An extensive 3,900 line kilometres of high-resolution airborne magnetic and radiometric surveys are being processed.

The company said that it is confident that interpretation of this data will lead to potentially another Hobbs Pipe style mineralisation and assist in targeting additional shallow high-grade reef structures.

Moving to lithium, at the Crescent Lake Lithium Prospects in Canada, the in-country geological team has located and sampled the Dempster L61 lithium-bearing pegmatite deposit.

One trend contains surface exposure of 50 meters and a second trend for about 30 meters.

The current focus is on the pegmatites at Dempster L61 and the crew will fully assess this location and expect to provide an update on other showings within the next fortnight.

The company has sufficient cash and maintains its objectives of developing its local and overseas assets.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 16 Aug 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165258/sovereign-gold-company-ltd-maintains-dual-commodity-strategy-70482.html
<![CDATA[News - Sovereign Gold Company Ltd eyes outcropping lithium targets in Canada ]]> http://www.proactiveinvestors.com.au/companies/news/165257/sovereign-gold-company-ltd-eyes-outcropping-lithium-targets-in-canada-70410.html Sovereign Gold Company Ltd (ASX:SOC) has identified two drill ready lithium targets at its Crescent Lake lithium project in Ontario, Canada.

The project contains four lithium deposits and the current focus is on two outcropping targets within the Dempster L61 deposit.

Formal stripping and trenching to trace full near surface dimensions will occur following exploration permit approval.

Rocco Tassone, managing director, commented: “Discussions with our in country geological team were extremely positive, with the potential for L61 to host a potential 70-80 metre
strike length.

“We look forward to the team fully assessing the pegmatites and await the results of the samples sent for assaying”. 


Crescent Lake lithium project

Sovereign Gold continues to advance the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain outcropping lithium-bearing pegmatites and four lithium-bearing deposits: Dempster L61, Dempster L40, Dempster L28 and Chappais Lake.

At Dempster L61, exploration crews located two pegmatite target structures and were able to trace one surface exposure for 50 meters and a second trend for about 30 meters.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.


Clayton Valley lithium claims

Sovereign Gold recently completed the acquisition of the Nevada lithium 111 Claims in the Clayton Valley region of the U.S.

The company issued 12.5 million shares priced at $0.006 and 12.5 million options exercisable at $0.006 expiring 5 August, 2019.

Sovereign Gold will issue a further 35 million shares or 175,000 upon confirmation of a JORC compliant inferred lithium resource of at least 300,000 tonnes.

The Clayton Valley region has a history of lithium production with neighbouring land holder Albemarle Corp (NYSE: ALB), the largest lithium producer in the U.S, producing since 1967.

Additional players in the region include, Lithium X (TSX-V: LIX) and Pure Energy Minerals (TSX-V: PE).

The company plans to contract an exploration team to undertake a drilling program to recover lithium-bearing sediments and lithium brine for test work.


Analysis

Field work conducted by Sovereign Gold indicates a pegmatite structure large enough to host potentially economic grades of lithium.

Assays are being awaited from samples collected and this data along with further trenching will give the company a better understanding of the opportunity at Dempster L61.

Sovereign Gold continues to execute its dual-commodity exploration strategy, and along with the Mt Adrah gold project, the company now holds some highly prospective lithium ground in North America.

The company is now leveraged to lithium exploration success through fieldwork being conducted at the Crescent Lake Lithium Prospects in Ontario, Canada and the Clayton Valley Basin in the U.S state of Nevada.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 12 Aug 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165257/sovereign-gold-company-ltd-eyes-outcropping-lithium-targets-in-canada-70410.html
<![CDATA[News - Sovereign Gold Company Ltd completes lithium acquisition near global producer ]]> http://www.proactiveinvestors.com.au/companies/news/165256/sovereign-gold-company-ltd-completes-lithium-acquisition-near-global-producer-70333.html Sovereign Gold Company Ltd (ASX:SOC) has completed the acquisition of the Nevada lithium 111 Claims in the Clayton Valley region of the U.S.

The company issued 12.5 million shares priced at $0.006 and 12.5 million options exercisable at $0.006 expiring 5 August, 2019.

Sovereign Gold will issue a further 35 million shares or 175,000 upon confirmation of a JORC compliant inferred lithium resource of at least 300,000 tonnes.

The Clayton Valley region has a history of lithium production with neighbouring land holder Albemarle Corp (NYSE: ALB), the largest lithium producer in the U.S, producing since 1967.

Additional players in the region include, Lithium X (TSX-V: LIX) and Pure Energy Minerals (TSX-V: PE).

The company plans to contract an exploration team to undertake a drilling program to recover lithium-bearing sediments and lithium brine for test work.


Lithium processing technology

Sovereign Gold recently entered discussions with a supplier of newly developed advanced processing and lithium recovery technology, Tenova Bateman Technologies.

This new processing technology was developed by Tenova as a unique (LiSX™), advanced lithium recovery process that can be applied to all sources of lithium including lithium brine, lithium in clays, recycled batteries etc. which have concentration of lithium as low as 20ppm Li.

The technology consists of three distinct processing phases:

- LiP™: Physical removal of alkali earth elements, using membranes;
- LiSX™: Recovery of lithium into solution utilizing customised organic solvent extraction processes. The organic solvent is separated from the aqueous brine and stripped of lithium by the addition of acid, producing a lithium salt and a barren solvent, which can be reused; and
- LiEL™: Conversion of the Li2SO4 solution into LiOH solution, using electrolysis followed by downstream crystallization.


Crescent Lake lithium project

Sovereign Gold continues to advance the Crescent Lake Lithium Prospects in Ontario, Canada.

The 50.7 square kilometres of claims contain four lithium-bearing deposits and outcropping lithium-bearing pegmatites.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.

The company has been granted approval to clear and upgrade the main access trail to the four identified Dempster lithium-bearing pegmatite occurrences.

Additional lithium-bearing pegmatites will also be explored for subject to Exploration Permit approval.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 09 Aug 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165256/sovereign-gold-company-ltd-completes-lithium-acquisition-near-global-producer-70333.html
<![CDATA[News - Sovereign Gold Company Ltd targets high-grade gold reefs at Mt Adrah ]]> http://www.proactiveinvestors.com.au/companies/news/165255/sovereign-gold-company-ltd-targets-high-grade-gold-reefs-at-mt-adrah-70279.html Sovereign Gold Company Ltd (ASX:SOC) is looking to unlock the potential of the Mt Adrah gold project, which is located in the highly-prospective Lachlan Fold Belt of New South Wales.

Sovereign Gold has now outlined that the significant database collected at the project by the company and past explorers will be assessed using recent and advanced modern software technology.

The company said that it is confident that interpretation of this data will lead to potentially another Hobbs Pipe style mineralisation and assist in targeting additional shallow high grade reef structures.

Rocco Tassone, managing director, commented:

“We are in possession of geophysical data worth more than $200,000. This data will be interpreted using the latest technology to assist us in finding additional Hobb’s Pipe style mineralisations and identify our next high grade walk up targets.

“Interpretation of this data will enable Sovereign Gold to continue its significant R&D work on IRGS systems.

"The R&D work conducted by Sovereign Gold has previously been recognised through R&D tax offsets. Government R&D incentives are applied to further our knowledge of IRGS.”


Analysis

Sovereign Gold has a dual-commodity exploration strategy, and along with the Mt Adrah gold project, the company holds some highly prospective lithium ground in North America.

This includes the Clayton Valley Basin in the U.S state of Nevada, and the Crescent Lake Lithium Prospects in Ontario, Canada.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 05 Aug 2016 09:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165255/sovereign-gold-company-ltd-targets-high-grade-gold-reefs-at-mt-adrah-70279.html
<![CDATA[News - Sovereign Gold Company Ltd reviewing lithium extract technologies ]]> http://www.proactiveinvestors.com.au/companies/news/145392/sovereign-gold-company-ltd-reviewing-lithium-extract-technologies-70188.html Sovereign Gold Company Ltd (ASX:SOC) has entered discussions with a supplier of newly developed advanced processing and lithium recovery technology, Tenova Bateman Technologies.

Sovereign Gold holds some highly prospective ground in North America, including in the Clayton Valley Basin in the U.S state of Nevada, and the Crescent Lake Lithium Prospects in Ontario, Canada.

Rocco Tassone, managing director, commented:

“The Tenova Bateman process is just one of the extraction methods our team will assess, although the elimination of excessive water demand, coupled with monetary, recovery and time advantages of this process is highly encouraging.

“The Clayton Valley region has a history of Lithium production with neighbouring land holder Albemarle Corp (NYSE: ALB) Market Cap US$8.55bn, the largest Lithium Producer in the USA, producing since 1967.

"Additional players in the region include, Lithium X (TSX-V: LIX) Market Cap US$80M and Pure Energy Minerals (TSX-V: PE) Market Cap US$25M."


Next steps

Sovereign Gold will contract an in-country exploration team to undertake a drilling program to recover Lithium-bearing sediments and Lithium brine for test work by Tenova.

This new processing technology was developed by Tenova as a unique (LiSX™), advanced lithium recovery process that can be applied to all sources of lithium including lithium brine, lithium in clays, recycled batteries etc. which have concentration of lithium as low as 20ppm Li.

The technology consists of three distinct processing phases:

- LiP™: Physical removal of alkali earth elements, using membranes.

- LiSX™: Recovery of lithium into solution utilizing customised organic solvent extraction processes. The organic solvent is separated from the aqueous brine and stripped of lithium by the addition of acid, producing a lithium salt and a barren solvent, which can be reused.

- LiEL™: Conversion of the Li2SO4 solution into LiOH solution, using electrolysis followed by downstream crystallization.


Clayton Valley

The project is comprised of 111 claims and a completed gravity survey indicates a thick potential lithium-bearing stratigraphy is present from surface down to 400-800 metres.

Adjacent and neighbouring Matica Enterprises and Pure Energy drilling results to date indicate the 111 claims are favourably situated for the potential existence of ash unit hosted lithium brines

Sovereign will drill test for extensions of aquifers discovered by Pure Energy in their adjacent claims and also drill test where Matica’s adjoining claims represent a very promising first order target for lithium brine exploration.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 02 Aug 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/145392/sovereign-gold-company-ltd-reviewing-lithium-extract-technologies-70188.html
<![CDATA[News - Sovereign Gold Company Ltd receives approval for Crescent Lake Lithium ]]> http://www.proactiveinvestors.com.au/companies/news/145390/sovereign-gold-company-ltd-receives-approval-for-crescent-lake-lithium-70163.html Sovereign Gold Company Ltd (ASX:SOC) continues to advance the Crescent Lake Lithium Prospects in Ontario, Canada.

The company has now been granted approval to clear and upgrade the main access trail to the four identified Dempster lithium-bearing pegmatite occurrences.

Clearing operations are expected to be completed within seven days.

Additional lithium-bearing pegmatites will also be explored for subject to Exploration Permit approval, which the company expects to receive shortly.


Crescent Lake

The 50.7 square kilometres of claims contain four lithium-bearing deposits and outcropping lithium-bearing pegmatites.

The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE)  Zigzag claims that contain lithium-bearing pegmatites.

Ardiden's claims host pegmatites up to 26 metres wide grading up to 2.38% lithium.


Additional lithium

Sovereign Gold recently exercised an option to acquire its maiden lithium project located near one of the world's largest lithium producers, Albemarle Corporation (NYSE:ALB).

The project is located in the Clayton Valley Basin in the U.S state of Nevada and is within 400 kilometres of the Tesla Motors Inc (NASDAQ:TSLA) mega-factory.


Next catalyst

Sovereign Gold expects to be granted its exploration permit within the next 14 days.

The company ended the June quarter 2016 with $2.45 million in cash, and four quality projects providing exposure to the key commodities of lithium, gold and zinc.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Aug 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/145390/sovereign-gold-company-ltd-receives-approval-for-crescent-lake-lithium-70163.html
<![CDATA[News - Sovereign Gold Company Ltd sees hidden value in Mt Adrah gold ]]> http://www.proactiveinvestors.com.au/companies/news/145388/sovereign-gold-company-ltd-sees-hidden-value-in-mt-adrah-gold-70077.html Sovereign Gold Company Ltd (ASX:SOC) has completed a review of the Mt Adrah gold project located in the Lachlan Fold Belt of New South Wales.

Consultants used to review the project have identified two main avenues for monetising the project:

- Development of narrow, high grade reef mineralisation; and
- Exploitation of the higher grade, oxide portion of the Hobbs Pipe resource.

Recommendations from the review involve drill testing with the aim to build an inventory of near surface, high grade Mineral Reserves.

Rocco Tassone, managing director, commented: “It is clear the previous work to date was not of the standard required to extract the maximum value for our shareholders out of Mt Adrah.

“We are confident our team led by Michael Leu will deliver the results we expect from this quality gold asset.”


Review details

Cadre Geology and Mining (Cadre) was commissioned to review the data package for the Mt Adrah gold project.

Cadre was provided geological data such as a drill hole database which was imported into 3D modelling software.

Occurrences of high gold grades and/or the presence of visible gold were located in the database.

The software then illustrated areas most prospective for locating these gold-bearing structures nearer to surface.

Diagrams of the 3D model are being prepared and will be published once available.

Cadre has recommended a larger, more detailed study and work program to produce a set of deliverables that moves the company toward production as soon as possible.


Drilling targets

Previous high grade intersections at White Deer Reef of 2 metres at 20.8 g/t gold and 1.2 metres at 58.6 g/t gold indicate good potential for high grade resources near surface when overlayed with additional data.

Follow-up drilling is recommended on high grade intervals at Castor Reef of 2 metres at 28.4 g/t and 2 metres at 50.8 g/t gold.

Figures showing general geochemical trends were noted and tend to show potential repetitions of mineralised pipes analogous to Hobbs Pipe.

Several Hobbs Pipe-style targets are evident in the regional data which could bolster global Mineral Resources.


Background

Sovereign recently completed a strategic review, which has seen the company focus on lithium and gold.

The Mt Adrah Gold Project remains a strong focus for the company which contains a Mineral Resource estimate for the Hobbs Pipe 1 of 770,000 ounces of gold within a total Mineral Resource estimate of 20.5 million tonnes at 1.1 g/t gold.

Sovereign will continue to assess domestic and international gold and lithium opportunities with a focus on acquiring projects near known discoveries and production areas.

During the June quarter Sovereign acquired the Clayton Valley Lithium Project in the U.S. state of Nevada and acquired an option to purchase the Crescent Lake Lithium Project in Canada.

Geos Mining Minerals Consultants are currently conducting a high-level data review of the Clayton Valley Lithium Project, which is located 400 kilometres from the under construction Tesla Gigafactory.

Separate site due diligence is being conducted at Crescent Lake ahead of a decision to exercise the option to acquire the project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 27 Jul 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/145388/sovereign-gold-company-ltd-sees-hidden-value-in-mt-adrah-gold-70077.html