Great Atlantic Resources Corp. (TSX-V: GR) is pursuing emeralds and tungsten at one of its Newfoundland properties this summer. As Canada is not historically known for producing emeralds, this is an unusual endeavour.
The junior explorer kicked off an exploration program this week aimed at pulling beryl crystals prospective for emeralds and strengthening its understanding of previously identified targets holding the rare metal. Tungsten is used for its strength and high density in metal alloys, light bulbs, heating elements and various other applications.
Great Atlantic will be hosting a visitor from the Gemological Institute of America (GIA) at the South Quarry project this July to evaluate the property’s emerald potential. The organization is one of the world’s foremost authorities on diamonds, coloured stones and pearls.
“It’s encouraging that a researcher from the GIA will visit in July to meet with our team and view the property,” chief executive Chris Anderson said last month.
Great Atlantic is partnering with the Newfoundland prospector Art Gardner for the prospecting campaign during the summer months this year. In addition to his interest in emeralds, he is a self-described “Newfoundland Jade Hunter.”
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Newfoundland’s largest gold mine progresses smoothly
Construction at the Valentine gold mine owned by Calibre Mining Corp (TSX: CXB) (OTCQX: CXBMF) is now over 64 per cent finished. Meanwhile, engineering work is now over 98 per cent complete.
First gold will be poured at the site mid way through 2025. Calibre recently received an award for excellent safety practices at the mine, bestowed by the Canadian Institute for Mining, Metallurgy and Petroleum.
The project will be quite beneficial for the province’s economy and will create about 500 jobs. It will produce around 195,000 gold ounces per annum for 12 years, generating vast profit for the company.
Impressive core samples this year from outside of the operation’s currently defined mineral reserves returned grades as high as 46.5 grams per tonne gold over 5.3 metres.
Gold exploration in the province was basically non-existent until the 1980s. Now, Newfoundland has become one of Canada’s most highly prospective jurisdictions for the yellow metal and continues to intrigue junior miners.
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rowan@mugglehead.com
