The North American state is currently the tenth-largest gold-producing country globally, having churned out 86.6 t of the yellow metal in 2011, up 307% from the 21.3 t it produced in 2002, Thomson Reuters GFMS mining analyst Mathew Piggot told Mining Weekly Online from London.

“With a number of projects ramping up to full production and many more projects being evaluated, we expect production to increase to about 100 t over the next five years,” he said.

By comparison, world number-four producer South Africa mined 187 t of gold in 2011, according to Chamber of Mines statistics.

Mexico was one of the lowest-cost mining jurisdictions in the world. Where it cost the rest of the world on average $649 to produce an ounce of gold, in Mexico it cost an average of $325/oz.

Government-controlled fuel prices, low labour costs, and a skilled pool of workers all contribute to keeping production costs low. The country’s mines also often produce large amounts of high-value by-products.

SIGNIFICANT PROJECTS

Newstrike CEO Richard Whittal is upbeat about the country’s golden future, telling Mining Weekly Online Mexico is rising rapidly as a significant new bullion producer, apart from the gold by-product produced at the country’s large silver mines.

He said the Ana Paula project Newstrike bought from Goldcorp in 2010, in the Guerrero gold belt, has the potential to yield more than three-million ounces of gold, with significant upside as exploratory drilling is only about halfway complete.

Located about four hours from Mexico City, the Guerrero gold belt is a newly established gold district, hosting Goldcorp’s Los Filos complex – the largest gold mine in Mexico with proven and probable resources of 7.7-million ounces – and Torex Gold Resources’ Morelos project.

The resource comprises an unusual discovery for Mexico, owing to the high-grade core penetrating deep into the earth, enveloped by a vast lower-grade ore body, Whittal said.

Grades within the ore-body core had proved to be significant, while the lower-grade outer sheath held significant tonnage.

“The core ore body of Ana Paula could hold enough resources to justify opening a mine, however, it is the outer sheath that would ensure the payload based on sheer volume,” he said.

The company planned to spend $15-million on exploring the tenement during this year, following on from $10-million spent in 2011.

“We plan to drill 45 000 m this year, after we have hit significant mineralisation in almost every drill hole before,” he said.

The belt has good infrastructure, including road and rail access, as well as water and electricity, making it ideal for an eventual takeover deal by a major, according to Whittal.

“We think we are only at ‘Chapter 1’ of this project. We endeavour to prove this resource up to between three and four-million ounces to grab the attention of the gold majors,” he said.

Whittal added that some of the bigger producers in the country may have been under the impression that the last significant gold resources had been found, and, because they were focused on developing mines, they neglected on proving up existing exploration targets.

Newstrike’s game plan is to develop a turnkey mine, with the aim of eventual takeover.

The TSX V-listed firm has experienced members on its exploration team, including Gillian Kearvell, who had made her third significant gold discovery, and Dr Craig Gibson, who had made five significant gold discoveries, three of which were in Mexico.

4
Gold and silver are down again today, but the mining stocks are up big. One day does not a trend make, but this is still a possible indicator of several things:

1) The plunge in mining shares has finally gotten the attention of investors who understand that most of these companies are viable and profitable, and that they won’t go to zero. So at some point the downtrend will stop, and though today might or might not be that day, it’s definitely coming. Downside risk, in other words, is now smaller than upside potential.

2) Share buyers are watching the mess in Europe and concluding that austerity is being replaced with monetary and fiscal ease. The European Central Bank will have no choice but to buy up trillions of euros of peripheral country debt to keep the eurozone together — or the currency union will fall apart and former members will go back to their old currencies and devalue aggressively. Either outcome is inflationary and therefore great for precious metals.

3) Gold miners are outperforming silver miners, which means investors are going for pure monetary protection rather than the growth/inflation play that silver represents. They’re betting on chaos, which is pretty reasonable at the moment.

http://www.calyxbio.com/pdfs/CYX%20Corp%20Presentation%20April%202012-Canaccord.pdf

Calyx’s carinata fuel to be used in biojet test program

Calyx Bio-Venture Inc (C:CYX)
Shares Issued 14,826,401
Last Close 4/16/2012 $0.45
Wednesday April 18 2012 – News Release

Mr. W. Hugh Notman reports

BIOJET TEST FLIGHT PROGRAM TO USE CALYX’S OPERATING SUBSIDIARY’S CARINATA FEEDSTOCK

Calyx Bio-Ventures Inc.’s partially owned operating subsidiary, Agrisoma Biosciences Inc., has unveiled the first comprehensive flight program in the world to use biojet fuel produced from Agrisoma’s proprietary Resonance-brand carinata energy feedstock.

Resonance is a new industrial oilseed crop, derived from Brassica carinata, with an oil profile optimized for use in the biofuel industry, specifically biojet fuel. The program will evaluate Honeywell Green Jet Fuel(TM) refined from Resonance feedstock oil produced in Saskatchewan. The flights, conducted in partnership with the National Research Council (“NRC”) in Ottawa with funding from the Government of Canada’s Clean Transportation Initiatives, will evaluate the Resonance-based biojet fuel under a number of flight conditions to provide the world’s first ever real-time, in-flight emissions measurements for a biojet fuel.

The program will also test blends of Green Jet Fuel at higher ratios than previous demonstration flights, which have been conducted using a 50/50 ratio of biofuel and jet fuel produced from petroleum. Previous evaluations of Green Jet Fuel have found a 60-85 percent reduction in greenhouse gas emissions relative to petroleum-based fuels.

The test flight program will utilize the unique research aircraft of the NRC Flight Research Laboratories, a modified Falcon 20 twin-engine jet that will test the fuel and a T-33 jet equipped to measure in-flight emissions while flying in formation.

The Resonance crop used for the biojet fuel was grown in Kincaid, Saskatchewan in the summer of 2011 and is being commercially contracted on a significant number of acres in western Canada for the 2012 crop year. Resonance has all the features necessary to make it a sustainable energy feedstock crop: a non-food industrial oilseed uniquely suited to production in semi-arid areas unsuitable for food oilseed production, excellent agronomic characteristics, good biotic and abiotic stress resistance, and reduced overall crop input requirements.

“As the first comprehensive testing program in the world using Resonance Energy Feedstock, Agrisoma is excited to be partnering with NRC and Honeywell UOP,” said Steven Fabijanski, President and CEO of Agrisoma. “Resonance has been developed in Canada and our test flight program with NRC completes the value chain validation as well as providing comprehensive data demonstrating the reduced carbon footprint of biojet fuels compared to traditional fossil fuels.”

“We are thrilled that Agrisoma is leading innovation in biofuels, and specifically in biojet fuel,” commented Hugh Notman, President and CEO of Calyx. “Agrisoma is now positioned to further demonstrate the far-reaching value its proprietary oilseeds provide. Partnerships such as this will serve to accelerate the widespread adoption of Resonance carinata at every level.”

“We are pleased to partner with Agrisoma on the first-ever flight to conduct airborne emissions testing – an effort that will demonstrate how Honeywell Green Jet Fuel can help reduce aviation emissions, while meeting flight specifications,” said Jim Rekoske, vice president and general manager of Renewable Energy and Chemicals for Honeywell UOP. “Honeywell Green Jet Fuel has been used successfully in more than a dozen commercial and military test flights and we believe this momentous flight will continue demonstrating its viability as a sustainable fuel option.”

Funding from Sustainable Development Technology Canada (“SDTC”) supports the development of high-yielding oilseed crops engineered for the production of oils to be used in the manufacture of biofuels and products previously derived from petroleum based supplies. These new high-performance oilseeds will combine traits for oil chemistry and sustainable production methods which will result in a new bioenergy crop that will contribute to energy and rural economies, as well as providing environmental benefits in greenhouse gas emissions, soil and water use.

“This project shows next-generation biofuels at their best: combining qualities that make the most economic sense with those that reduce emissions,” said Vicky Sharpe, President and CEO of SDTC. “Seeing these fuels in use is an important milestone – we congratulate Agrisoma and its partners.”

We seek Safe Harbor.

Calyx’s carinata biofuel used by Porter Airlines

Calyx Bio-Venture Inc (C:CYX)
Shares Issued 14,826,401
Last Close 4/16/2012 $0.45
Tuesday April 17 2012 – News Release

Mr. W. Hugh Notman reports

CALYX OPERATING SUBSIDIARY PARTICIPATES IN CANADA’S FIRST BIO-FUEL POWERED REVENUE FLIGHT

Calyx Bio-Ventures Inc.’s operating subsidiary, Agrisoma Biosciences Inc., produced the carinata biofuel, which was blended into the fuel used in Canada’s first biofuel-powered revenue flight, conducted today by Porter Airlines.

In the successful conclusion to a test program that was launched in 2010, Porter Airlines flew one of its Bombardier Q400 turboprops from its base at Billy Bishop Toronto City Airport to Ottawa using a 50/50 blend of biofuel and Jet A1 fuel in one of its engines. The fuel was certified to the new American Society for Testing and Materials (ASTM) D7566/D1655 standard and the biofuel used was derived from the oilseed crops, Camelina sativa(i) (49 per cent) and Brassica carinata(i) (one per cent). The aircraft’s other engine was powered by Jet A1 fuel. The flight included passengers making their way to Ottawa for business and pleasure, representatives from the biofuel test program’s partnering organizations and media.

This is the final step in a two-year project whose key members are Targeted Growth, Bombardier Aerospace, Pratt and Whitney Canada, the manufacturer of the PW150A engines that power the Q400 aircraft, and Porter Airlines. Funding for the biofuel test program was provided by the key partners, as well as by Business-Led Networks of Centres of Excellence (BL-NCE) through the Green Aviation Research & Development Network (GARDN).

Additional support to the program was provided by Agrisoma Biosciences Inc., which grew the carinata and produced the carinata bio-oil; Sustainable Oils, which crushed the camelina to make the camelina bio-oil; Honeywell UOP, which converted the bio-oils into the bio-derived jet fuel to meet the D7566 standard; and SkyNRG who were responsible for logistics and blending meeting the D1655 specification.

“We are very pleased that Agrisoma was a participant in supplying bio-fuel refined from Agrisoma’s proprietary carinata for this flight,” commented Hugh Notman, President and Chief Executive Officer of Calyx. “We believe this demonstrates carinata’s potential to produce a high quality fuel that performs well in a commercial setting.”

On February 9, 2012, in preparation for Porter’s revenue flight, Bombardier flew a Q400 turboprop test aircraft on the ASTM D7566/D1655 bio-derived jet fuel. This was the first such biofuel-powered test flight in Canada.

(i) Camelina sativa and Brassica carinata are members of the family of flowering plants known as the Brassicaceae. The Brassicaceae also include well-known plants such as broccoli, cabbage, cauliflower and turnips.

as per usual the disclosures and history were reviewed.. then we got into the more interesting stuff.. she was using an updated presentation i figure will be up on the website soon..

early on she stated that although NES has the largest landholding in the GGB it is separated into 3 different projects, the aurea norte, aurea sur and the focus of exploration Ana Paula
the last airborne geophysics extended the ana paula anomaly up to 5 kilometers in length! they have completed 37500 meters of drilling to date including hole 84

the deepest hole was drilled to a maximum depth of 960 meters!

they have a crew on the ground of 38 people..

they have direct title to 1071 hectares and have applied for a “change of soil use” to facilitate future mining and development. environmental baselines are being done now as well as engineering studies by IMC in conjunction with the 43 101…she re iterated that “drilling will determine the cutoff” for inclusion into the 43 101 they want to get the best most accurate picture for the initial report on the breccia body

the 250x150x250 dimension of the breccia imho is very conservative given hole 70 intersected 33m of 12g gold and 10g silver at the bottom of the hole @700m with a staggering 2 OUNCES/ton gold over 20 feet..as an aside that result alone would have made a company 20 years ago..Gillian said the dimensions were “extended considerably” !!!!
she also mentioned they were looking at the underground relationships between the stratabound lower grade deposits and the breccia system..!!!

im no rocket scientist but if they can determine a connection between several of the deposits at depth the ounces will grow exponentially fast..

then time ran out!? grr .. just as the good stuff got going.. lol

what i take away from this..

1)so what if the 43 101 is delayed.. if the drill says there are more ounces than find’em and include’em
2)Gillian and the crew are very bright and if there is a connection at depth they will find it
3) she didnt get to talk about the step out but if there is a connection between the 1 km stepout and the breccia WOOHOOO
4)she coined the term “profitable waste” to describe the lower grade ~1 gram material above the breccia ..hell if we are making money on the strip move over im buying more..
5)dimensions “extended considerably”
6) she talked about intrusion hosted gold in the NE, basically the goldcorp holes..which they stated (non compliant) held 2.5 million ounces.. filos is intrusion hosted.. FILOS!..

NES is a slam dunk, home run, first place in the ms universe pageant,blue ribbon winning, gold medal performance must have stock!
ok its late.. great talk Gillian, next time get 2 slots so we can get through all the good stuff!
good night
caliche

http://www.gowebcasting.com/conferences/2012/04/11/precious-metals-summit/day/2

i think that is 00:45 pacific time april 12

Gillian is sceduled to talk for about 15 min..should be good..

caliche