Mining Metals Market Expected to Grow with Urbanization

NEW YORK, February 28, 2018 /PRNewswire/ --

According to the World Economic Forum, the metal mining market is directly affected by many predetermined factors. Predetermined factors include a variety of economic and social developments such as population growth, urbanization, industrialization, and global demand. Global population growth strongly drives the mining market growth rate as demand for specific metals increases with population. Urban populated regions have the highest demand for natural resources. From 2020 to 2030, global urban population is expected to increase by 4.8 percent to 59.7 percent of the global population residing in urban regions. Boreal Metals Corp. (TSX-V: BMX), Northern Dynasty Minerals Ltd. (NYSE: NAK), Nevsun Resources Ltd. (NYSE: NSU), Trilogy Metals Inc. (NYSE: TMQ), Klondex Mines Ltd. (NYSE: KLDX)

Transparency Market Research indicates that the global base metal mining market projected to reach 160.19 MMT (Million Metric Tons) by 2023, at a CAGR of 5.01% by 2023. Major mining metals include lead, copper, zinc, cobalt, and aluminum. Gold, platinum, palladium, and silver are among the precious mining metals. The main uses for base metals commercial and industrial applications such as infrastructure and manufacturing, but is more common because it is inexpensive. These premium metals are expected to play a pivotal role in future projects. For example, the rapid growth of economy in China and India has created favorable opportunities for the growth of the market over the course of recent years.

Boreal Metals Corp. (TSX-V: BMX) is currently listed on the TSX Venture Exchange under the ticker 'BMX'. Today the company announced breaking news that the, "high grade and other encouraging drill results from the ongoing 2,500 meter (planned) diamond drill program at Gumsberg. Drill results from the first five holes (1,146.7 meters) confirm the presence of high grade silver-zinc-lead mineralization with significant associated copper and gold mineralization. Drill intercepts include various styles of mineralization in massive sulfide horizons, some of which appear to be exhalite-type deposits. Similar styles of mineralization occur throughout the Bergslagen district in southern Sweden, which is host to multiple world-renowned base metal sulphide deposits.  

"We are pleased to announce the results of the drill program at Gumsberg which to date have exceeded our expectations, with significant mineralization in the first five holes," stated Karl Antonius, President and CEO. "Intercepts in excess of one kilogram per tonne silver with over 45% combined lead and zinc at the Östersilvberg target are a testament to the metal endowment and significantly increases our confidence in the economic potential at Gumsberg. Confirming the presence of high grade exhalative style mineralization is central to Boreal's potential to build tonnage at Gumsberg."

The strategically situated Gumsberg project consists of six exploration licenses in the Bergslagen Mining District of southern Sweden totaling over 18,300 hectares, where multiple zones of VMS style mineralization have been identified. Precious and base metal VMS mineralization at Gumsberg was mined from the 13th century through the early 19th century, with over 30 historic mines present on the property, most notably the Östersilvberg mine which was the largest silver mine in Sweden between 1250 and 1590. Despite its long lived production history, relatively little modern exploration has taken place on the project. New geological interpretation, geophysical surveys and reconnaissance drilling by EMX Royalty Corp. and Boreal has led to the identification of multiple exploration targets, near the historic workings which are exposed at surface.

The current drilling at Östersilvberg is designed to target the down-plunge extension of mineralization below the historic mine workings, which extend to a depth of 250 meters. Östersilvberg is an attractive exploration target due to the presence of high grade silver-zinc-lead sulphides in historical mining dumps. In addition, miners in the 14th and 15th century focused on silver-rich mineralization, which suggests they may not have exploited the zinc rich parts of the system. Historical data, as well as, new surface data suggest there are stacked lenses of mineralization at Östersilvberg. Ongoing exploration drilling will test for these additional zones of mineralization in addition to testing below the historical workings to see if they are open along strike and down plunge. The Vallberget-Loberget Trend is an attractive two kilometer-long zone of northeast trending, moderately to steeply southeast dipping precious and base metal-rich VMS style mineralization. Mineralization across these prospects includes high grade bodies of remobilized massive sulphides, replacement style mineralization, vein style mineralization and important exhalative sulphide mineralization. Historical mining efforts suggest the mineralization is laterally continuous and forms pipe-like, moderate to steeply southeast plunging ore shoots. Ongoing exploration drilling by Boreal is targeting each of these styles and geometries of mineralization.

The Gumsgruvan area contains rocks containing pervasive chlorite-anthophyllite-cordierite-garnet alteration as well as significant gold and copper mineralization that is consistent with VMS "feeder zones", which may have acted as conduits for the transport of metal bearing hydrothermal fluids to the paleosurface. This area is considered highly prospective for copper and gold mineralization and is the least mature trend in the 2017-2018 exploration program.    

Northern Dynasty Minerals Ltd. (NYSE: NAK) is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty is advancing the world-class Pebble Project in Alaska towards permitting and development. The Pebble Project is the most significant undeveloped copper and gold resource in the world. Recently, the company announced it has filed a technical report on southwest Alaska's Pebble Project, following up on its news release dated January 5, 2018. The technical report documents a minor increase in the estimate of the mineral resources at Pebble from those previously disclosed. The current estimate1 comprises: 6.456 billion tonnes in the combined Measured and Indicated categories at a grade of 0.40% copper, 0.34 g/t gold, 240 ppm molybdenum and 1.7 g/t silver, containing 57 billion pounds of copper, 71 million ounces of gold, 3.4 billion pounds of molybdenum and 345 million ounces of silver.

Nevsun Resources Ltd. (NYSE: NSU) is the 100% owner of the high-grade copper-gold Timok Upper Zone and 60.4% owner of the Timok Lower Zone in Serbia. The Timok Lower Zone is a partnership with Freeport, which currently owns 39.6% and upon completion of any feasibility study, Nevsun Resources Ltd. will own 46% and Freeport will own 54%. Nevsun generates cash flow from its 60% owned copper-zinc Bisha Mine in Eritrea. On January 31, 2018, the company provided its outlook and guidance for 2018. Unless otherwise noted, all dollar amounts are in millions of US dollars. The Company expects to invest between $50 and $60 million (excluding exploration) at the Timok Upper Zone Project for 2018. In 2018 the principal source of mill feed is primary ore sourced from the Bisha main pit. This is in contrast to the second half of 2017 when zinc-only stockpiles were processed. Stockpiles of zinc-only ore remain available for processing. Bisha expects to achieve improved zinc and copper recoveries from primary ore in 2018.

Trilogy Metals Inc. (NYSE: TMQ) is a metals exploration company focused on exploring and developing the Ambler mining district located in northwestern Alaska. It is one of the richest and most-prospective known copper-dominant districts located in one of the safest geopolitical jurisdictions in the world. It hosts world-class polymetallic VMS deposits that contain copper, zinc, lead, gold and silver, and carbonate replacement deposits which have been found to host high grade copper mineralization. On February 20, 2018, the company announced the positive results of its Pre-Feasibility Study for its Arctic Copper-Zinc-Lead-Silver-Gold Project in the Ambler mining district of Northwestern Alaska. These results convert indicated mineral resources at Arctic to probable mineral reserves. The PFS for the Arctic Project describes the potential technical and economic viability of establishing a conventional open-pit copper-zinc-lead-silver-gold mine-and-mill complex for a 10,000 tonne-per-day operation. The base case scenario utilizes long-term metal prices of $3.00/lb for copper, $1.10/lb for zinc, $1.00/lb for lead, $18.00/oz for silver and $1,300/oz for gold.

Klondex Mines Ltd. (NYSE: KLDX) is a junior-tier gold and silver mining company focused on exploration, development, and production in a safe, environmentally responsible, and cost-effective manner. The Company has 100% interests in four producing mineral properties: the Fire Creek Mine, the Midas Mine and ore milling facility, the Hollister Mine, all of which are located in the state of Nevada, USA, and the True North Mine and mill in Manitoba, Canada. On February 6, 2018, the company reported a Mineral Reserve and Mineral Resource update for the Fire Creek mine located in northern Nevada, USA. Classification of the Mineral Resource as Measured, Indicated or Inferred was undertaken based on the number of drill and channel sample composites used and the average distance from the block to the composites. The open pit Mineral Resource is exclusive of the underground Mineral resource.

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