(Energy Analytics Institute, 14.Mar.2022) — Energy briefs including Astra Exploration Inc. (TSXV: ASTR) providing an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile; GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquiring an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia; and Lime Rock closing its 5th Lime Rock Resources fund, Lime Rock Resources V, with $538mn in aggregate capital commitments.
LATIN AMERICA AND THE CARIBBEAN
Chile
— Astra Exploration Inc. (TSXV: ASTR) provide an exploration update on Pampa Paciencia, its flagship gold-silver project in northern Chile. Highlights include: delineation of a 600m long mineralized vein & breccia structure at the Paciencia and Paciencia East veins containing wide intervals, up to 28.8m of precious metals, including 3.5m @ 5.0 grams per tonne (g/t) gold equivalent (AuEq) in trench TRP22-09; trenching results and re-logging historical drill core confirms both grade and vein thickness increasing at depth; and 3,000m drill program commenced in February. Approximately 1,500m are planned to test the Paciencia Vein at depth and along strike w/ remainder of meters testing other veins in the North and Central Zone targets, the co. announced 14 Mar. 2022 in an official stmt.
Colombia
— GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) acquired an existing 1% net smelter return royalty on the co.’s Yarumalito Project in Colombia from Newrange Gold Corp., paying CAD$100,000 in cash and delivering 10,000 common shrs, the co. said 14 Mar. 2022 in an official stmt.
NORTH AMERICA
US
— Houston-based Lime Rock, a private equity firm focusing on the global energy sector, closed its 5th Lime Rock Resources fund, Lime Rock Resources V, w/ $538mn in aggregate capital commitments to the fund and an affiliated co-investment vehicle. As w/ the four previous funds, Lime Rock will seek to acquire, improve, and directly operate producing oil and gas properties in the US, the co. said 14 Mar. 2022 in an official stmt.
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