NRGBriefs: Lula Participates in Discussion about Fuel Prices in Brazil

(Energy Analytics Institute, 29.Mar.2022) — Energy briefs including former Brazilian President Luiz Inácio Lula da Silva participating in a chat w/ specialists with the Federation of Oil Workers (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil; Shell Colombia and state owned Ecopetrol spudding their Gorgon-2 exploration well offshore Colombia’s Caribbean coast; and Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) announcing that from twelve drill holes at its Cangrejos project in Ecuador that seven are from Cangrejos and five are from Gran Bestia.

NORTH AMERICA

Canada

First Mining Gold Corp. (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) named Jeff Reinson as COO effective 28 Mar. 2022, the co. revealed 29 Mar. in an official stmt.

LATIN AMERICA AND THE CARIBBEAN

Brazil

— Former Brazilian President Luiz Inácio Lula da Silva will participate in a chat w/ specialists w/ the Oil Workers Federation (FUP by its Portuguese acronym) to discuss the price of fuel in Brazil and development of a Brazilian energy policy to address the issue. “Part of the Brazilian elite never accepted independence, let alone sovereignty… it was dependent on Portugal, after England and now wants to continue being dependent on the US,” Lula said 29 Mar. 2022 on Twitter. “It was in my government that we capitalized Petrobras and discovered the pre-salt layer. And it was also the moment when it generated more jobs and development for the Brazilian people. Gasoline, gas and diesel were cheaper… they destroyed it.”

Colombia

Shell Colombia and state owned Ecopetrol spud their Gorgon-2 exploration well offshore Colombia’s Caribbean coast on 29 Mar. 2022, an Ecopetrol executive announced on Twitter. The well could take between 90-100 days to drill, co. executives told Energy Analytics Institute (EAI) earlier this mth in Houston, and Ecopetrol believes the reserve potential at the well could be north of 6-7 Tcf. After Gorgon-2 well, Ecopetrol is eyeing a potential gas well w/ Petrobras around the initial Orca discovery but still needs to iron out some administrative issues. Gorgon-2 is important since it’s an appraisal well that will assist to delineate, understand and assess production potential, Ecopetrol CEO Felipe Bayón told EAI during CERAWeek by S&P Global in early-Mar.

Ecuador

Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) announced 29 Mar. 2022 in an official stmt. that from twelve drill holes at its Cangrejos project in Ecuador that seven are from Cangrejos and five from Gran Bestia. To date, thirty-six drill holes have been completed and six drill holes are in progress, totaling 15,055m of drilling. Lumina currently has six rigs operating and will be drilling with eight rigs in Apr.

Figure 1. Plan map of drilling at the Cangrejos project including the surface trace of the two ultimate pits from the PEA. (CNW Group/Lumina Gold Corp.)
Figure 2. Drill section A-A’ (Figure 1) showing the PEA block model and ultimate pit outline with the trace of hole C22-160. (CNW Group/Lumina Gold Corp.)

Mexico

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) reported results from 53 drill holes targeting the Napoleon Vein Corridor (Napoleon, Napoleon Hangingwall and Josephine veins), at its 100%-owned, flagship Panuco silver-gold project in Mexico. The results are a part of Vizsla’s ongoing, fully funded 120,000m resource/discovery-based drill program. Highlights include: Napoleon Vein: NP-21-210 returned 1,803 grams per tonne (g/t) silver equivalent (AgEq) over 4.00m true width (mTW) (55 g/t silver, 20.38 g/t gold, 0.21 % lead and 2.99 % zinc); Napoleon Vein: NP-21-260 returned 484 g/t AgEq over 9.42 mTW (85 g/t silver, 2.73 g/t gold, 0.90 % lead and 4.13 % zinc) including: 1,113 g/t AgEq over 2.17 mTW (166 g/t silver, 7.91 g/t gold, 1.22 % Pb and 7.42 % Zn); Napoleon Hangingwall Vein: NP-21-238 returned 1,379 g/t AgEq over 2.7 mTW (746 g/t silver, 6.27 g/t gold, 0.75 % lead and 2.94 % zinc); and Josephine Vein: NP-21-214 returned 4,917 g/t AgEq over 0.47 mTW (17 g/t silver, 60.5 g/t gold, 0.36 % lead and 1.40 % zinc)

Figure 1: Plan map of recent drilling along the Napoleon Vein Corridor (CNW Group/Vizsla Silver Corp.)

Venezuela

— The opposition team at the negotiating table in Mexico led by Gerardo Blyde is not representing the interests of the Venezuelan citizens, Asymmetrica President Vanessa Antonia Neumann, Ph.D. announced 29 Mar. 2022 on LinkedIn, adding that it was “largely due to the toxicity and ineffectiveness of the G4.”

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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.