Resource News

The following companies have identified future news items or “Catalysts” that address significant company milestones in the next 30 days: Strata Minerals Inc. (TSXV:SMP), Colt Resources Inc. (TSXV:GTP), Copper Fox Metals Inc. (TSXV:CUU), North Arrow Minerals (TSXV:NAR), Lydian International (TSX:LYD), Orocobre Ltd. (TSX:ORL)

Strata Minerals Inc. (TSXV:SMP)

Strata Minerals Inc. (TSXV:SMP) is expecting the release of the initial NI 43-101 resource report on the Diamond Mountain Phosphate Project located in Uintah County, Utah. The NI 43-101 resource report aims to confirm the non-compliant historic resource on the Diamond Mountain mineral tenements, as defined by US Steel Corporation in 1974, to a NI 43-101 compliant resource estimate.

***Update: Catalyst Achieved ***

Colt Resources Inc. (TSXV:GTP,OTCQX:COLTF) has reported positive intercepts from two of the first three holes recently drilled in the Gap Zone at its Tabuaço Tungsten Project in northern Portugal. Initial visual inspection of the mineralized skarns intersected by all three holes, both under natural light and short-wave UV-light indicated that in general they compared well with hole DHT-88. Given the visual results, sampling and assaying of the mineralized drill core of holes DHT-113 and DHT-115 was fast-tracked. The results for the third hole, DHT-114 are pending.


On July 24 Copper Fox Metals Inc. (TSXV:CUU) announced that Desert Fox has completed six verification diamond drill holes across the Van Dyke oxide copper deposit at its Van Dyke copper project in Arizona. Receipt of the assays utilizing different copper analytical methodologies, including sequential leaching are required to determine if a resource estimation should be commenced. All holes have been sampled for metallurgical testwork purposes and these tests results are expected.

 *** Update: Catalyst Achieved ***

North Arrow Minerals (TSXV:NAR) is expecting exploration drilling results from its Redemption Diamond Project in the Lac de Gras diamond district, Northwest Territories. Drilling at the Redemption Diamond Project commenced in July 2014, with partner Arctic Star Exploration.


Lydian International (TSX:LYD)

Lydian International (TSX:LYD) is focused on its Amulsar Gold Project located in Armenia. Currently,the Company is continuing its ongoing permitting process and is working towards an updated feasibility study scheduled to be completed during the third quarter of 2014.

*** Update: Catalyst Achieved ***


Orocobre Ltd. (TSX:ORL)

Orocobre Ltd.’s (TSX:ORL) Olaroz Lithium Project is in the Puna region in Argentina’s north-western province of Jujuy. The Olaroz lithium project is being developed by Orocobre (66.5%) with partners Toyota Tsusho Corporation (25%) and the Jujuy Province mining and energy company, JEMSE (8.5%) with a construction budget of US$229m including contingency. The lithium carbonate plant commissioning/start up is projected to be at the end of August 2014 with commissioning/startup of the micronizing and drying circuit to follow in mid-September. Full automated control operations are scheduled to be introduced in October.


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