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American Eagle Discovers Outcrop of Copper-Bearing Porphyry at Newly Defined IP Embayment Zone; Provides Drilling Update
https://www.newsfilecorp.com/release/215090
July 02, 2024 6:00 AM EDT | Source: American Eagle Gold Corp.
Highlights:
Field teams identified copper-bearing outcrop porphyry in the central part of the IP Embayment Zone, a previously undrilled and highly prospective area
The Company has intersected disseminated and vein hosted chalcopyrite mineralization at depth on the margins of the IP Embayment Zone, in Drill hole NAK24-19
IP Embayment Zone, in the southeastern area of the NAK project, will be elevated as a priority target for further exploration and drilling.
Toronto, Ontario--(Newsfile Corp. - July 2, 2024) - - July 2, 2024 - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF)
Independence Gold Intersects 17.00 Metres of 7.03 g/t Gold and 46.18 g/t Silver in the Tommy Vein System at the 3Ts Project, BC
https://www.newsfilecorp.com/release/214535
June 27, 2024 8:00 AM EDT | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF)
New Destiny Mining Treasure Mountain Silver - Fully Permitted - Drilling & Trenching 2024 Exploration Program Underway Now
https://www.newsfilecorp.com/release/214775
June 28, 2024 9:00 AM EDT | Source: New Destiny Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2024) - New Destiny Mining Corp. (TSXV: NED), (the "Company" or "NED") announces it is preparing to start the 2024 exploration program at its Treasure Mountain project, near Hope, BC.
Map showing Treasure Mountain property and targets for 2024.
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"We are excited to commence our 2024 exploration program at the Treasure Mountain project. With the recent repair of the access road and the promising results from our previous surveys, we are optimistic about uncovering significant mineral deposits. This year's focus on the Railroad, David, and Jim Kelly occurrences, along with our efforts at the Superior, Well, and Rio Grande targets, underscores our commitment to advancing this project and creating value for our shareholders," states Barry Brown, Director of New Destiny Mining Corp.
About Treasure Mountain Property
The Treasure Mountain property covers 10,819 hectares and is situated 38 km west of the Copper Mountain mine at Princeton in southern BC. Targets on the property include critical minerals in porphyry copper-moly deposits, and gold-quartz vein and polymetallic silver-rich vein deposits.
The property surrounds the former Treasure Mountain or Huldra silver mine and is fully permitted for exploration drilling and trenching. Exploration was curtailed due to a wash-out of the access road caused by the 2021 BC atmospheric river event, but the road has now been repaired. An airborne LIDAR survey was flown over the entire property to provide support for field exploration. An airborne magnetic survey is being considered this year to locate delineate porphyry-related source intrusions and outline magnetic anomalies related to mineralization.
About Treasure Mountain Exploration Program
The 2024 program will focus on the Railroad, David and Jim Kelly occurrences, with secondary attention directed to the Superior, Well and Rio Grande occurrences.
Railroad is copper-silver mineralized zone hosted in quartz sericite schist exposed in historic adits. The occurrence is spatially related to a regional magnetic survey anomaly that is interpreted to be a concealed porphyry intrusion. In 2019, a 1.7 metre wide sample across the zone returned values of 1.06% copper and 264 grams per tonne silver. The weighted average grades for consecutive mineralized samples over a 4.2 metre width are 0.64% copper and 116.0 ppm silver. Plans are to drill test the zone and to explore for a northern extension using soil geochemistry and ground geophysics.
Hand sample showing chalcopyrite-pyrite mineralization at the Railroad occurrence.
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Photo showing samples being collected over the alteration zone at Railroad.
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The David prospect was explored historically for porphyry-style copper mineralization. Mineralization consists of disseminated and fracture-filling pyrite, chalcopyrite and pyrrhotite, hosted by a chloritized diorite to hornblendite. Elevated nickel values are reported in association with the Main zone. In 1966, surface sampling of the Main zone yielded up to 0.20 per cent copper, 2.4 grams per tonne silver, and 0.31 per cent nickel over 29.26 metres. Diamond drilling in 1966 yielded intercepts of up to 0.56 per cent copper over 6.0 metres, 0.25 per cent copper over 9.0 metres in drill hole 3, and 0.12 per cent copper over 18 metres in drill hole 1, all from the Northwest zone. Plans for 2024 are to re-locate and sample the exposed showings and evaluate the potential for porphyry copper and nickel-copper sulphide mineralization.
Jim Kelly Creek is a gold vein target. A 2018 grab sample returned a result of 11.3 grams per tonne gold. Plans are to expose the vein by trenching and then test it by drilling. Geochemical surveys are also being planned.
Superior is a porphyry copper-molybdenum target. Copper-gold mineralization was identified in multiple quartz veinlets in 2019 trenches. Rock geochemical values for gold ranged up to 1.96 ppm, copper up to 250 ppm, and molybdenum up to 354 ppm. A grab sample of selected mineralized quartz contained 3.99 ppm gold, 96.8 ppm silver, 3560 ppm copper and 45.1 ppm molybdenum.
Superior was tested in 2019 by four short diamond drill holes that penetrated less than 30 meters depth. Quartz veinlets mineralized with pyrite and chalcopyrite were intersected. Analytical results showed elevated copper and molybdenum values, with copper ranging up to 833 ppm and molybdenum ranging up to 88.3 ppm. The source intrusion related to the copper-gold-molybdenum mineralization has yet to be identified.
The Well porphyry Cu-Mo target in the southeastern corner of the property consists of pyrite, chalcopyrite and molybdenite in quartz veins hosted within granodiorite of the Eagle Plutonic Complex. Mineralization is spatially associated with late stage differentiates, including pegmatite, aplite, microgranite and monzonite bodies. Previous surface samples yielded up to 3 wt.% Mo and average 0.5 wt.%. Historic samples from the Wel 11-12 and Wel 15-16 yielded 0.48 to 0.89 wt.% Cu, 5.2 to 36 g/t Ag, and 0.075 to 0.46 g/t Au. For 2024, Verification sampling will be done, and possibly trenching to expose and extend the known mineral occurrences.
The Rio Grande is a silver-rich polymetallic vein target with similarities to the nearby former Huldra silver mine. 2018 rock grab sample results ranged up to 122 grams per tonne silver, 0.4 % copper, 1.45% zinc and 0.24 grams per tonne gold (Assessment Report 37650). Plans are to collect representative channel samples and design follow-up trenching and drilling.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by NI 43-101 and consultant to the Company, approved the technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Al Beaton"
Director604-488-3900
Lubica Parilakova
ir@NewDestinyMining.com
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Forward-Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, the Company's information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE: New Destiny Mining Corp.
Grizzly Targets the Motherlode Crown Grants in the Greenwood District Precious and Battery Metals Project, BC
https://www.newsfilecorp.com/release/214278
June 25, 2024 9:00 AM EDT | Source: Grizzly Discoveries Inc.
Edmonton, Alberta--(Newsfile Corp. - June 25, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to provide some highlights of historical information on the Motherlode Crown Grants for which the Company entered a purchase agreement with First Majestic Silver Corp on June 12, 2024, host to the historical Motherlode, Sunset, Sunrise and Greyhound mines that, at various times during the early and middle 1900's, produced copper (Cu), gold (Au) and silver (Ag) from both open pit and underground workings (Figures 1 & 2). The Motherlode Crown Grants comprise 13 Crown Grants for a total of 300 acres (121.4 ha) that all retain the subsurface mineral rights and date back to the late 1800's when they were granted. The Crown Grants take precedence over normal mineral titles mineral claims. The Crown Grants cover a number of historical mines, including the Motherlode that produced 76,975,111 pounds of Cu, 173,319 ounces (oz) of Au and 688,203 oz of Ag during the active periods of mining from 1900 to 1920 and from 1957 to 1962. The Motherlode skarn mineralization is developed in Triassic Brooklyn Formation sediments (BC Minfile 082ESE034). The Motherlode Mine is road accessible approximately 2.5 km northwest of the town of Greenwood (Figure 1).
Highlights
Drilling in 1996 by Strathcona Mineral Services on behalf of YGC Resources intersected several zones of Cu-Au mineralization targeting the gold bearing halo to the Motherlode Skarn along the east side of the pit in the vicinity of the historical underground workings (Figures 2 and 3).
Drillhole 96-8 encountered gold in almost every sample including a weighted average grade of 0.23 grams per tonne (g/t) Au over the entire 154.23 m (506 ft) length drillhole with a number of higher grade zones in proper skarn towards the bottom of the hole (Figure 3).
The Main Motherlode skarn was intersected at the bottom of the drillhole and returned 2.5 g/t (0.073 oz per ton [opt]) over 4.88 m (16 ft) at the end of the drillhole from skarnified Brooklyn limestone, that is associated with a strong AeroTEM conductivity anomaly (Figure 2).
The drillhole collared in Brooklyn Sharpstone conglomerate and drilled through alternating skarn an altered diorites along the length of the drillhole, with the main zone at the end of the hole characterized by increased quartz-carbonate-chalcopyrite veining and volumetric chalcopyrite.
The hole was ended due to technical difficulties. Strathcona Mineral Services recommended follow-up drilling which has never been completed.
A drillhole completed on the Great Hopes Crown Grant in 1993 by Orvana Minerals intersected 3.30 g/t (0.096 opt) Au over 25 ft (7.62 m) near surface in faulted sediments beside the Greyhound fault zone with a core zone of 6.69 g/t (0.195 opt) Au over 10 ft (3.05 m) (Figure 2).
Follow-up drilling in 1996 was focused on IP chargeability anomalies and struggled with core recovery in the fault zone - so the zone intersected has not been properly follow-up tested.
Brian Testo, President and CEO of Grizzly Discoveries, stated, "We are excited to complete the acquisition of the historical Motherlode Crown Grants and the targets that they provide. We look forward to aggressive 2024 drilling at the Motherlode area and other high grade Au-Ag-Cu showings and historical mines along with additional exploration for battery metals in our current 170,000+ acre holdings in the Greenwood District."
Figure 1: Land position and targets of interest for future exploration, Greenwood Project.
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Figure 2: Motherlode Crown Grants, Historical Drilling and AeroTEM Survey Greenwood Project.
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Figure 3: Motherlode Historical Drillhole ML96-8 Greenwood Project.
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Summary of the Motherlode Crown Grant Purchase Terms
The Company will cover all costs related to the transfer of the Crown Grants from First Majestic to the Company.
As consideration, Grizzly will issue First Majestic 250,000 common shares of the Company (the "Compensation Shares") upon closing of the transaction.
At closing, the Company will grant a 1% Net Smelter Return (NSR) Royalty on the Crown Grants to First Majestic and retains an option to purchase the NSR Royalty for $250,000 at any time.
The issuance of the Compensation Shares is subject to the acceptance of the TSX Venture Exchange.
The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available under the Company's SEDAR+ profile at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
SOURCE: Grizzly Discoveries Inc.
First Tellurium Interpreting IP Survey Data in Preparation for 2024 Exploration Program at Deer Horn Project
Interpreted data expected to provide guidance and targets for planned exploration, including drilling.
https://thenewswire.com/press-releases/1AD4FlW0K-first-tellurium-interpreting-ip-survey-data-in-preparation-for-2024-exploration-program-at-deer-horn-project.html
Vancouver, BC, Canada, June 27, 2024 – TheNewswire – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), reports it has contracted with Campbell & Walker Geophysics to interpret data from First Tellurium’s 2023 Induced Polarization geophysical survey at the Deer Horn Property in West Central British Columbia.
The objective of the interpretation is to provide additional guidance for planned exploration at Deer Horn, including drilling, for the 2024 season.
“For much of 2024, we have focused on setting up manufacturing for the PyroDelta thermoelectric device,” said First Tellurium President and CEO Tyrone Docherty. “With that process moving into the hands of the very capable RESOLVE ngo (as reported June 5 and June 25), we are refocusing on advancing the Deer Horn Project.”
Exploration at Deer Horn in 2023 expanded the mineralized zone to approximately 17.5 square kilometers with a growing copper porphyry and high-grade Au-Ag-Te. This work also confirmed a crucial structural connection between the property’s Pond copper porphyry and gold-silver-tellurium systems. Further information about the 2023 program can be found in the Company’s news releases dated August 16, August 31, October 4 and November 6, 2023.
Campbell & Walker Geophysics is located at 16 Forth Street, Edinburgh, ML EH1 3LH, Scotland.
About First Tellurium Corp.
First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and development of tellurium-based technologies.
First Tellurium proudly adheres to, and supports, the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent. First Tellurium is listed on the Canadian Stock Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL and its projects can be found on www.firsttellurium.com.
On behalf of the board of directors of
First Tellurium Corp.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Tyrone Docherty
604.789.5653
tyrone@firsttellurium.com
X/Twitter:
https://twitter.com/TelluriumCorp
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.
Corcel Exploration Announces Acquisition of Willow Property in British Columbia
https://www.newsfilecorp.com/release/214230
June 24, 2024 5:00 PM EDT | Source: Corcel Exploration Inc.
Kelowna, British Columbia--(Newsfile Corp. - June 24, 2024) - Corcel Exploration Inc. (CSE: CRCL) ("Corcel" or the "Company") is pleased to announce that it has acquired the Willow Copper Property in British Columbia, Canada ("Willow" or the "Property"). The Property is located in the Omineca Mining Division of north-central British Columbia, approximately 4 kilometres southeast of the Sustut Copper Deposit, now held by Imperial Metals Inc. (see Figure 1 below). Willow consists of a single, fully contiguous claim block totalling approximately 1,160 hectares, and was acquired via direct staking by the Company. Corcel believes in the strategic importance of copper in the global market moving forward and is excited to have secured a significant foothold in this highly prospective region of the province.
Figure 1: Willow Property Regional Map
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Note: See endnote (1) for technical disclosure related to the Sustut Deposit historical resource estimate shown in Figures 1 and 2.
The Sustut Copper Deposit (BC MINFILE 094D 063) to the northwest of the Property, discovered in 1971 by Falconbridge Ltd., lies in a similar geological environment to the Property. Willow is underlain by the Upper Triassic Takla Group, which consists of the Savage Mountain Formation overlain by the Moosevale Formation. A major fault in the Willow Creek valley strikes northwest-southeast and cuts through the southern portion of the Sustut claims. Historical rock samples collected from the southeast of the Property returned copper grades of up to 6.28% (see Figure 2 below) (BC MINFILE 094D 082)(2).
Figure 2: Willow Property Local Map & Rock Sample Results
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Note: Historical rock grab sample results for the Willow Property sourced from "Report on the 1997 Exploration Program on the Willow Property, Omineca Mining Division, British Columbia for Cross Lake Minerals Ltd., J. Miller-Tate (P.Geo) & C. Church (P. Geo), September 15, 1997"(2).
Next Steps
The Company and its technical team plan to conduct a detailed review of all historical data available on the Property and surrounding areas in the coming months. Following the review, Corcel will outline any priority fieldwork in support of Willow's advancement.
Qualified Person
The technical information contained in this news release was reviewed and approved by Case Lewis, P.Geo., who is a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
(1) Source: Technical Report, Sustut Project, British Columbia prepared for Doublestar Resources Ltd., October 8, 2004 (filed on SEDAR on October 25, 2004) (the "Report"). The Report's resource estimate was based on the classification system defined by the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines, adopted by the CIM council on August 20, 2000. The resource was assigned a confidence category classification based on the distance from the block centroid to the nearest copper composite value within the search ellipsoid. Measured resources were considered 0 to 25 metres, Indicated resource from 25 to 50 metres. Density factor of 2.85 tonnes per cubic-metre was used for all rock types. The Sustut historical resource description referenced in this news release is considered relevant because it demonstrates the potential viability of the project. The Company cautions readers that a Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not representing the historical estimate as current mineral resources or mineral reserves.
(2) Cautionary note: Grab samples are selective by nature, and values reported may not represent the true grade or style of mineralization at the Project. The historical data disclosed in this news release, including sampling, analytical, and test data could not be verified by a Qualified Person as such data is historical and the original samples are no longer available. The news release contains historical exploration data that have not been verified by Corcel and may not be accurate or complete, and therefore the information should not be relied upon.
About Corcel Exploration Inc.
The Company is a mineral resource company engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop precious and base metals, focusing initially on the exploration and development of the Peak Mineral Property in British Columbia, Canada, for which it holds an option to acquire a 100% undivided right, title, and interest in. From time to time the Company may also evaluate and acquire other mineral properties of merit.
For further information contact:
Stephen Dunn
Interim Chief Executive Officer
Tel: (416) 361-2827
Caution Regarding Forward-Looking Information
This news release contains statements and information that, to the extent they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward- looking information is based on the reasonable assumptions and estimates of management made based on experience and their perception of trends, current conditions and expected developments, all of which management believes to be reasonable in the circumstances at the date hereof, but which may ultimately prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the outcomes expressed or implied by the forward-looking information herein, including but not limited to the factors discussed under "Risk Factors" in the Company's final long form prospectus dated October 13, 2021, available on the Company's SEDAR+ profile at www.sedarplus.ca. Accordingly, readers should not place undue reliance on any such forward-looking information. The Company does not undertake any obligation to update any forward-looking information herein to reflect new developments after the date hereof, except as required by applicable securities legislation.
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Not for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States.
SOURCE: Corcel Exploration Inc.
Finlay Minerals purchases high-grade copper-silver SAY Property
https://www.newswire.ca/news-releases/finlay-minerals-purchases-high-grade-copper-silver-say-property-861495324.html
Finlay Minerals Ltd. Jun 26, 2024, 08:30 ET
VANCOUVER, BC, June 26, 2024 /CNW/ - Finlay Minerals (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to report that it has entered into an agreement (the "Purchase Agreement") for the 100% purchase of the SAY Property (the "SAY") 140 km north of Smithers, BC.
Robert F. Brown, President & CEO of Finlay Minerals, states:
Finlay Minerals purchases high-grade copper-silver SAY Property (CNW Group/Finlay Minerals Ltd.)
"Initial rock sampling along the open-ended, and virtually unexplored, Spur Target Area has discovered high-grade copper-silver values associated with regional structures and a magnetic-high trend. The Spur Trend along with the Shel porphyry copper mineralization, mark the SAY Property as an excellent exploration project, all within the prodigious Stikine Terrane rocks of northern British Columbia.
Finlay management looks forward to conducting an exploration program in the near future to further evaluate and generate new targets."
The SAY property covers 10,587 hectares (99.17km2) of highly prospective ground and hosts multiple styles of high-grade copper ± silver and molybdenum-copper mineralization in two known target areas:
the Spur Target area has outcrop rock sampling with up to 15.8% copper ("Cu") and 993 g/t silver ("Ag") in predominantly structurally-hosted Cu and Ag mineralization, with 78 of 129 rock samples collected to date yielding >1% Cu and 59 yielding >100 g/t Ag which have been sampled over 4.3 km along the Tsaytut Ridge. The Spur Trend is associated with a 55 km long NNW trending regional magnetic high feature along which regional structural and redbed-type Cu-Ag, and porphyry Cu showings exist.
the Shel Target area hosts a 3 km x 2 km circular magnetic anomaly with a coincident surface gossanous zone and a copper-molybdenum ("Mo") soil geochemical anomaly. Historic drilling intersected low grade Cu-Mo exemplified by 59.3 m assaying 0.08% Cu and 0.107% Mo from 77.7 m in hole 79-1 (Reference: BC Mineral Assessment Report 8075).
Both the Spur and Shel Target areas are within the underexplored Bear Lake Corridor of the Stikine Terrane which hosts several volcanic redbed / sediment-hosted Cu ± Ag showings and prospects including the Copperline and Red Spring prospects. The Stikine Terrane hosts first tier porphyry Cu-Au-Ag-Mo and associated Au-Ag structurally controlled vein deposits in the Golden Triangle (Red Chris and Brucejack Mines, Newmont Corp.), Toodoggone (former Kemess Mine, Centerra Gold Ltd.) and Skeena Arch (former Granisle Mine, Amarc-Boliden).
Within the Bear Lake corridor, active porphyry Cu-Au exploration projects include the NAK property of American Eagle Gold Corp., 90km to the south, and the Jake property of Quartz Mountain Resources Ltd., 50km to the north of the SAY Property.
For further information on the SAY, CLICK HERE to view the SAY Technical Presentation.
Pursuant to the Purchase agreement, Finlay will acquire the SAY Property, for consideration of CDN$50,000. The SAY property is currently subject to a 1.5% net smelter return royalty held by the vendor, Electrum Resources Corporation ("Electrum"), with Finlay retaining the right to buy back one-half of the NSR royalty (0.75%) for an aggregate payment to Electrum of CDN$1,500,000. Lastly, upon completion of a feasibility study on the SAY, Finlay will make an aggregate payment to Electrum of CDN$300,000.
The Transaction is subject to acceptance by the TSX Venture Exchange (the "TSXV") pursuant to TSXV Policy 5.3. No finders' fees will be paid in connection with the Transaction and no new insiders or control persons will be created.
Electrum and Baril Developments Ltd., each of which is a private British Columbia company controlled by Ilona B. Lindsay and Dr. John A. Barakso, and a personal trust of which John J. Barakso is the sole trustee and of which Ilona B. Lindsay and Dr. John A. Barakso are beneficiaries, are the registered holders, in the aggregate, of more than 20% of the voting rights attached to the Company's issued and outstanding common shares. In addition, each of Ilona B. Lindsay and Dr. John A. Barakso is a director and/or officer of the Company. As a result, the Transaction constitutes a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 provided by subsections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that, at the date of the Transaction, neither the fair market value of the SAY Property to be acquired pursuant to, nor the fair market value of the consideration for, the Transaction exceeded 25% of Finlay's market capitalization as determined in accordance with MI 61-10.
Qualified Person:
Wade Barnes, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with three properties in northern British Columbia. In addition to the SAY Property, the Company has three properties:
The Silver Hope Property covers 213.11 km2 and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2km Cu-Ag-Au mineralized trend with mineralization starting at surface. West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC.
The ATTY Property covers 33.93 km2 of sub-alpine terrain in the southern Toodoggone region. The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Property and the joint-ventured Joy Property held by Amarc and Freeport-McMoRan. The ATTY's KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits.
The PIL Property, which covers 170 km2 in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. The property is in Year 3 of a 5-year option to Cascadia Minerals Ltd., on completion of which Cascadia would acquire a 70% interest in the PIL. Following the exercise of the option, Cascadia and Finlay would hold interests in the Property of 70% and 30%, respectively, and a joint venture would be formed.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown, P. Eng.
President, CEO & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for Finlay's properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions, including, among other things, assumptions regarding general business and financial conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE Finlay Minerals Ltd.
For further information, contact: Finlay Minerals Ltd., Ilona Lindsay, Vice President, Corporate Relations & Director, Tel: 604-684-3099, iblindsay@finlayminerals.com
Evergold Commences Fieldwork on DEM Property, Central B.C.
https://ca.finance.yahoo.com/news/evergold-commences-fieldwork-dem-property-110000918.html
Evergold Corp.
Wed, June 26, 2024 at 4:00 a.m. PDT·5 min read
EVGUF
0.00%
TORONTO, June 26, 2024 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce the launch of this season’s field program on the Company’s road-accessible DEM precious and strategic metals prospect, located in central B.C. some 40 kilometres northwest of Fort St. James. The program gets underway this week with prospecting and ground-truthing of the DEM1 and DEM2 target areas and, in July and August, additional field work including geophysics, mapping and sampling in preparation for follow-up drilling at the DEM1 target, anticipated for September.
The DEM1 prospect continues to look compelling. A key target for follow-up drilling this season is located between the two widely-spaced pads from the fall 2023 program, where a strong CSAMT resistivity low anomaly on line 68000 N is coincident with a very strong IP chargeability anomaly, as shown on the Figure 1 section view, below. A plan view of the same CSAMT target (designated Feature “A” on Figure 2 below) shows last season’s two pads and three reconnaissance drill holes (results, see news January 15, 2024) immediately lateral to Feature A, along with an emerging Feature “B” to the southeast. A Voxel model of the CSAMT results (Figure 3) shows both Features A & B extending to depth. The combined geophysical datasets and the results of last fall’s drilling and historical geochemical sampling strongly suggest that these features represent near-vertical zones of sulphide-rich rock which extend from surface to a depth of several hundred metres or more.
At the DEM2 prospect, a specific area of interest has been identified from magnetic, topographic and geochemical surveys, located within the small catchment area of an unnamed lake. The latter hosts a molybdenum-copper-cobalt anomaly in lake sediments stronger than any others in the area, including that which led to the discovery of the DEM1 prospect.
“The DEM1 target continues to look terrific and DEM2 tantalizing for its early apparent similarities, at least in terms of geophysics, to DEM1”, said Kevin Keough, President & Chief Executive Officer. “Last season’s drilling demonstrated that the DEM1 system is richly mineralized and hosts an array of sulphides and valuable metals, both precious and strategic. This year’s geophysics has revealed that the two pads and three holes drilled in 2023 may have been marginally off-target, and that we really need to test the more highly prospective anomaly between the two, and possibly a second anomaly that is emerging to the south. Our goal with the next few holes at the DEM1 prospect will be to deliver high-grade underground style intercepts over broad widths, and to tap into what appears to be a deep-seated system.”
About the DEM Project
The 12,728-hectare DEM property is ideally located in moderate terrain only 40 kms northwest of Fort St. James in central B.C.. The project area lies toward the south end of the Nation Lakes porphyry camp and within the Quesnel terrane, the latter of which hosts large deposits and long-life mines including the Mount Milligan mine (50 kms to the northeast of DEM) and Lorraine deposit and, farther south, the Mt. Polley, Afton, Copper Mountain, and Brenda mines, in addition to the Highland Valley mines and deposits.
Located central to the DEM property is the DEM1 prospect, a roughly 4km2 target area defined by alteration and mineralogy suggestive of the presence of a porphyry system, by a multi-element soil geochemical signature, by compelling high-relief magnetic, IP-chargeability and CSAMT resistivity anomalies, and by the presence of nearby regional scale structures. Extensive logging in the area and associated forest service roads provide drive-on access directly to the DEM1 prospect. All of these factors, combined with the results of a reconnaissance drilling program last fall which returned narrow intercepts of high-grade gold, silver and strategic metals (molybdenum, cobalt, tungsten, tellurium, rhenium) within a broad low-grade envelope, underscore the strong exploration merits of the property. Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report dated August 30, 2023, posted thereon and on the Company’s issuer profile at SEDAR+.
Quality Assurance and Quality Control
Charles J. Greig, M.Sc. P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
Figure 1: DEM1 Feature “A” Target Section Views, Comparison of CSAMT and IP Responses, Line 68000, to Scale
Figure 1 - DEM1 Feature A Section View, Comparison of CSAMT and IP Responses, Line 68000, to Scale
Figure 2: DEM1 Prospect, 2023 Holes in Relation to CSAMT Features A & B, with Proposed 2024 Holes & IP
Figure 2 - DEM1 Prospect Plan View, 2023 Holes in Relation to CSAMT Features A & B, With Proposed 2024 Holes & IP
Figure 3: DEM1 Prospect, CSAMT Features A and B, Voxel Model
Figure 3 - DEM1 Prospect CSAMT Features A and B, Voxel Model
About Evergold
Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a track record of success in the junior exploration space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle epithermal vein and porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021 for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.
For additional information, please contact:
Kevin M. Keough
President and CEO
Tel: (613) 622-1916
kevin.keough@evergoldcorp.ca
www.evergoldcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/66a71a9e-460c-457d-95e7-cfc1f175cd66
https://www.globenewswire.com/NewsRoom/AttachmentNg/834a1b55-1388-4525-ba39-29338c917aac
https://www.globenewswire.com/NewsRoom/AttachmentNg/08967381-a85f-43b8-89ba-d278287b12c1
Cassiar Gold Mobilizes Field Crews for 2024 Exploration Campaign
https://www.newsfilecorp.com/release/214401
June 26, 2024 7:00 AM EDT | Source: Cassiar Gold Corp.
Calgary, Alberta--(Newsfile Corp. - June 26, 2024) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce mobilization of field crews and the launch of the fully funded 2024 Exploration Program at the Company's flagship Cassiar Gold property. Exploration activity will primarily be focused at the Cassiar North project area of the district scale 59,000-hectare land package in northern British Columbia.
Commencement of 2024 Drill Campaign and Regional Field Program
The Company launched the first phase of the 2024 drill program on June 4th at the Cassiar North project area. The campaign plans to drill an initial 5,000 m with potential to expand, testing the Taurus Deposit and high priority outlying targets. Initially, drilling will be focused at the Taurus Deposit, shifting to test regional exploration targets as the season progresses.
"We are thrilled to have our boots back on the ground at the Cassiar Gold property for the launch of our 2024 exploration campaign," stated Marco Roque, CEO of Cassiar Gold Corp. "This season's program underscores our commitment to advancing our geological understanding and expanding the resource base of the property. With experienced crews, contractors, and technical experts we are well positioned to build on the success of our recent programs, which have expanded known mineralization and identified several new exploration targets."
Taurus Deposit and Regional Drilling
The Taurus Deposit hosts a near-surface, bulk-tonnage pit-constrained inferred gold resource of 1.4 million ounces grading 1.14 g/t Au1 which remains open for expansion. The deposit holds significant potential for growth laterally, at depth, and between gaps in the resource block model due to widely spaced drill holes within the resource footprint. Drilling at Taurus is designed to build on the success of the 2023 program, leveraging recent results from the Taurus deposit (see NEWS RELEASE, Sept 12, 2023; NEWS RELEASE, Jan 11, 2024) with continued focus on expanding the resource through evaluating untested areas between resource blocks as well as step out drilling.
Additional focus will be allocated to regional & brownfields programming, designed to test multiple outlying exploration targets with geological attributes interpreted to hold potential to host significant gold mineralization. A Phase 1 program at the Hopeful prospect aims to test the potential continuation of outcropping mineralization and coincident IP chargeability anomaly identified during the 2023 field campaign. Drilling at the Newcoast regional target will occur as follow up to results from a Phase 1 drill program completed in 2023, where assays returned 95.3 m of 0.90 g/t Au associated with extensive quartz veining and sulphide mineralization (see NEWS RELEASE, Jan 18, 2024).
Surface Exploration
Cassiar Gold continues to evaluate regional prospects by integrating new and historical datasets. An extensive surface exploration campaign will commence this month, concurrent to the drill program, and will remain ongoing for the duration of the field season to enhance and expand data coverage on the Cassiar Gold property. The campaign aims to refine field targets identified during the 2023 mapping campaign (see NEWS RELEASE, March 1, 2024), expand the extent of existing geological map and surface rock sample coverage, and will be complimented by additional soil sampling in areas known or interpreted to host anomalous gold mineralization.
Geophysical surveys, including regional and target-scale induced polarization (IP), magnetic, and very low frequency electromagnetic (VLF-EM) surveys, are planned for the 2024 field season. The suite of geophysical surveys will aim to support direct detection of mineralization as well as potential delineation of significant structures and associated alteration.
Figure 1. Plan view map of planned drill hole locations for 2024 Phase 1 drilling, with objectives indicated in blue text boxes. Regional prospects highlighted by white text boxes indicate areas slated for additional field work in 2024 to advance these targets, building on findings from the 2023 field program.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2958/214401_1db8049f44d7a96f_002full.jpg
Qualified Person
The technical information in this news release has been reviewed and approved by Jill Maxwell, P.Geo, Cassiar Gold Corp.'s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101.
About Cassiar Gold Corp.
Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t Au) known as the Taurus Deposit (see National Instrument 43-101 Technical Report on the Cassiar Gold property, April 28, 2022, by S. Zelligan, J. Moors, C. Jolette, which is available on SEDAR+); and Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au1, underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.
The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia with historical gold production of 742,000 ounces gold at an average grade of 14.7 g/t gold from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.
Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.
1See April 28, 2022, NI43-101 Report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property" by Zelligan, P.Geo, Moors, P.Geo, Jolette, P.Geo.
CONTACT INFORMATION
Cassiar Gold Corp.
E-mail: ir@cassiargold.com
Phone: 250-212-2122
Forward-Looking Statements
This press release may contain forward looking statements including those describing Cassiar's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's exploration plans and work commitments.
Although Cassiar believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, the current COVID-19 pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Cassiar Gold Corp.
Orogen Royalties Acquires the TCS Copper and Zinc Massive Sulphide Target in British Columbia
https://www.accesswire.com/881833/orogen-royalties-acquires-the-tcs-copper-and-zinc-massive-sulphide-target-in-british-columbia
Wednesday, 26 June 2024 07:30 AM
VANCOUVER, BC / ACCESSWIRE / June 26, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the acquisition of the TCS volcanic-hosted-massive-sulphide (VHMS) project thirteen kilometres east of Dease Lake, British Columbia.
TCS Project Highlights
TCS is an undrilled copper-zinc target located 80 kilometres west of the Kutcho Copper project (Measured and Indicated resources of 22.8 Mt grading 1.52% copper, 2.18% zinc and 0.39 grams per tonne ("g/t") gold, and 12.8 Mt of Inferred resources grading 1.10% copper, 1.58% zinc, and 0.25 g/t gold)1
Recently identified geophysical anomalies coincident with anomalous surface geochemistry at TCS have defined three high priority targets
Located within an area of excellent regional infrastructure including access roads, power and paved highways providing access to port facilities
Northern British Columbia is a top tier mining jurisdiction including the Red Chris copper-gold mine and Brucejack gold mine (both operated by Newmont Corporation)
TCS was developed under Orogen's generative and project identification program in 2023 and is available for option or sale
Orogen acknowledges that the TCS project is situated in the traditional territory of the Tahltan Nation and is committed to developing a positive and mutually beneficial relationship based on respect and transparency.
Figure 1: Location Map
About the TCS Project
The TCS project consists of 1,850 hectares of gentle terrain in northwestern British Columbia approximately thirteen kilometres from Dease Lake. The project is hosted within the King Salmon allochthon, a 10-20 kilometre wide thrust and fault bounded block that contains the Kutcho VHMS deposit (Measured and Indicated resources of 22.8 Mt grading 1.52% copper, 2.18% zinc and 0.39 g/t gold, and 12.8 Mt of Inferred resources grading 1.10% copper, 1.58% zinc, and 0.25 g/t gold)1.
Exploration on the TCS project includes geological mapping, geochemical sampling, and geophysics that identified a window of outcropping bimodal metavolcanics coincident with anomalous copper and zinc in soils and associated float samples containing up to 3.2% copper and 3.5% zinc.
A 223 line-kilometre VTEM geophysical survey completed in 2023, identified several high priority conductors related to the anomalous surface geochemistry extending under a region of surficial cover and reworked sediments (Figure 2). These priority conductors are interpreted to be at the top of the folded bimodal volcanic section similar to the setting at the Kutcho project (Figure 2).
The conductors could be rapidly advanced to drill-ready massive sulphide targets with the potential to host high grade copper, zinc and potentially gold.
TCS is available for option or sale.
More details on the TCS property including a technical presentation and factsheet can be found at https://orogenroyalties.com/project-generation/project-generation/
Figure 2: Top. Tau VTEM imagery with high priority conductors identified by red dotted polygons. Also displays region of anomalous copper geochemistry in soils, outline of the prospective bimodal volcanic section and position of Line 1380. Bottom. Conductivity section 1380 looking west displaying the folded bimodal volcanic stratigraphy and location of the three high priority conductors at the folded top of the conductive section.
Acquisition terms
The Company has acquired a 100% interest in the TCS project from a syndicate of prospectors (the "Syndicate") by paying the Syndicate $25,000 cash and making exploration expenditures of $125,000.
After the third anniversary of the acquisition of the TCS project, the Company will pay the Syndicate $20,000 per annum, until the completion of 15,000 metres of drilling. If at any time the Company enters into a future agreement to option or sell the TCS project to which any payment (a "Future Payment") is received, the Syndicate will be entitled to receive 20% of the Future Payment. In the event a Future Payment involves a royalty interest on the TCS project, the Company will be able to purchase half of the Syndicate's royalty for $200,000 for each 0.1%.
Qualified Person Statement
All new technical data, as disclosed in this press release, has been verified by Laurence Pryer, Ph.D., P.Geo., VP. Exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101.
Certain technical disclosure in this release is a summary of previously released information and the Company is relying on the interpretation provided by the relevant company. Additional information can be found on the links in the footnotes or on SEDAR+ (www.sedarplus.ca).
About Orogen Royalties Inc.
Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon Project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being developed by joint venture partners.
On Behalf of the Board
OROGEN ROYALTIES INC.
Paddy Nicol
President & CEO
To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
Canada V6C 1H2
info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
1. https://kutcho.ca/kutcho-project/
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Orogen Royalties Inc.
CopAur Begins Drilling at Williams Property
https://www.newsfilecorp.com/release/214280
June 25, 2024 9:00 AM EDT | Source: CopAur Minerals Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") Jeremy Yaseniuk, CEO at CopAur Minerals, is pleased to announce that the Company and Omega Pacific have commenced a maiden drill program at the Williams property in British Columbia's Golden Horseshoe.
The 2024 drilling campaign (phase 1) has commenced, focusing on expanding and extending the recently uncovered mineralization at drill hole WM22-02 within the property's GIC prospect. This area previously concluded in mineralization during the last drill campaign in 2022.
Current and upcoming phase 1 exploration highlights:
Up to 2,000 metres (m) of diamond drilling, including expansion drilling along strike and at depth surrounding drill hole WM22-02
WM22-02 returned 50 metres of 2.2 grams per tonne gold in 2022 and ended in mineralization, leaving its full width unknown
Phase 1 will execute a total of three drill holes, all from the same drill pad at GIC
Apex Geoscience Ltd. will coordinate and execute the phase 1 drill program. Apex has overseen several projects in the Golden Horseshoe, including Thesis Gold's Lawyers-Ranch project and Newmont's Tatogga project.
Jeremy Yaseniuk, CopAur CEO commented, "The commencement of drilling at Williams is a significant milestone for both companies. To fast-track a more detailed understanding of the mineralization at GIC, management has arranged to expedite assaying of the first hole, which will allow us to report on the program results as soon as possible this summer. We look forward to leveraging the significant geological understanding that Apex has of the Toodoggone district. They have managed and overseen discoveries and maiden resources in close proximity to our land package."
About CopAur
Copaur Minerals is associated with The Metals Group of companies including Altiplano Metals, Benchmark Metals (BNCH.V), Thesis Gold, Founders Metals and Emperor Metals. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.
Qualified Person
The scientific and technical information contained in this news release regarding Copaur Minerals Inc. has been reviewed and approved by Kristopher J. Raffle, P.Geo. (British Columbia), principal and consultant, of Apex Geoscience Ltd. of Edmonton, Alta., and a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects).
For more information, please contact:
CopAur Minerals Inc.
Jeremy Yaseniuk, Chief Executive Officer & Director
Tel: +1 (604) 773-1467
Email: jeremyy@CopAur.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains forward-looking statements. These statements relate to future events or the Company's future performance including obtaining the necessary regulatory approvals for and completion of an option agreement on the Williams property with Omega Pacific Resources Inc. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements including if Omega Pacific will be able to raise sufficient funding to exercise the options on the Williams Property or if it will exercise any of the options granted under the option agreement. Forward-Looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revised any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
SOURCE: CopAur Minerals Inc.
Brixton Metals Begins Drilling at its Cirque Copper Porphyry Target
https://ca.finance.yahoo.com/news/brixton-metals-begins-drilling-cirque-113000016.html
Brixton Metals Corporation
Tue, June 25, 2024 at 4:30 a.m. PDT·4 min read
BBBXF
+3.70%
VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce that it has started its maiden drill program at the Cirque Copper Porphyry Target which is located 3km east from the Camp Creek Porphyry discovery on its wholly owned Thorn Project.
Highlights of the Cirque Copper Target
Cirque is a multi-kilometer copper porphyry target on the Thorn Project
Surface exposures of copper mineralization (vein-hosted and disseminated chalcopyrite) have been identified over a 1km by 2km area.
Rock and soil geochemistry contain elevated copper, molybdenum and MDRU’s Porphyry Index (MPIx) anomalies
The target is supported by a large, near-surface magnetic and coincident conductivity geophysical anomaly
VP of Exploration, Christina Anstey stated, “We are thrilled to launch Brixton’s first drill campaign on the Cirque Porphyry Target. Given that porphyry deposits often form in clusters, the proximity of favorable mineralized intrusions to the known Camp Creek Porphyry makes this area particularly promising. The significant intervals of chalcopyrite mineralization observed on the surface, along with coincident geophysical signatures, is very encouraging.”
Figure 1. Thorn Project, Copper Geochemistry and 2024 Target Areas.
CQ_NR__Figure1
Figure 2. Surface Rock Samples from the Cirque Target, assays pending. Sample D132719 showing breccia hosted chalcopyrite mineralization and associated silica-potassium-feldspar alteration. Sample D131511 showing sericite and potassium-feldspar alteration of Windy Table intrusive.
CQ_NR_Figure2
Figure 3. BQ sized core from Julian Mining’s 1965 Cirque Program. Select unanalyzed core containing chalcopyrite and molybdenite in quartz vein.
CQ_NR_Figure3
Figure 4. BQ sized core from Julian Mining’s 1965 Cirque Program. Select unanalyzed core containing disseminated chalcopyrite and pyrite.
CQ_NR_Figure4
About the Cirque Copper Target
Cirque is a copper porphyry target located 3 kilometers east of the Camp Creek Porphyry Target and immediately north of the Outlaw Sediment-hosted Gold Target. The target is defined by a 2km by 1km northwest trending surface copper anomaly with a large portion of the target area covered by glacial alluvium material masking the underlying geology.
Late Cretaceous Windy Table volcanic rocks and associated Windy Table Suite Intrusions are host to porphyry-style mineralization and alteration at Cirque. Using the MDRU Porphyry Index (MPIx) on the local soil geochemistry data, a ratio of proximal and distal elements in a copper porphyry system ([(Cu/10) +Mo+(10xW)+(20xSn)]/[ (5xSb)+(20xTl)+Ag+As+Li]), Brixton Metals has outlined a 1km by 2km anomalous area coincident with the Cretaceous intrusion centers, jarosite and goethite anomalies, and mapped pyrite-chalcopyrite occurrences.
Quartz-chalcopyrite veins sampled in the area to the northwest of this historic drilling returned 1.6% Cu, 0.11 g/t Au, and 12.75 g/t Ag. Disseminated pyrite and chalcopyrite mineralization is observed throughout windows of surface outcrop within the overburden and is hosted in both Windy-Table volcanics and associated intrusions. Mineralization coincides with widespread silica-sericite-pyrite alteration zones as well as localized zones of potassium-feldspar and sericite alteration. The broad occurrences of copper mineralization and associated alteration in conjunction with favorable magnetic signatures and anomalous porphyry-index indicators suggest that a potential Cu-Mo porphyry system at Cirque remains untested.
Historic drilling in the Cirque area by Julian Mining in 1965 intercepted sporadic copper mineralization throughout thirteen shallow holes where limited select sections of core were analyzed for copper and molybdenum only. Some of the unsampled core hosted disseminated and vein hosted chalcopyrite.
Qualified Person (QP)
Mr. Corey A. James, P.Geo., is a Senior Project Geologist for the Company who is a qualified person as defined by National Instrument 43-101. Mr. James has verified the referenced data disclosed in this press release and has approved the technical information presented herein.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries please contact: Mr. Michael Rapsch, Senior Manager, Investor Relations: email: michael.rapsch @Waitn4Sid-9707
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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VIZSLA COPPER BEGINS DRILLING AT WOODJAM COPPER-GOLD PROPERTY
https://www.newswire.ca/news-releases/vizsla-copper-begins-drilling-at-woodjam-copper-gold-property-863025118.html
Vizsla Copper Corp. Jun 25, 2024, 08:00 ET
VANCOUVER, BC, June 25, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to announce the start of the summer core drilling program at the Woodjam copper-gold project (the "Woodjam Project" or "Woodjam") in south-central BC (Figure 1).
HIGHLIGHTS
Figure 1 – Woodjam Property Map (CNW Group/Vizsla Copper Corp.)
Figure 2 – Target Area Locations (CNW Group/Vizsla Copper Corp.)
Figure 3 – Deerhorn Deposit Target Area (Grade Shells at 810masl) (CNW Group/Vizsla Copper Corp.)
Figure 4 – Three Firs Zone Target Area (Grade Shells at 800masl) (CNW Group/Vizsla Copper Corp.)
Figure 5 – Southeast Deposit Target Area (Grade Shells at 790masl) (CNW Group/Vizsla Copper Corp.)
The Targets: Core drilling will evaluate the potential for: (1) extensions of high-grade gold mineralization at the Deerhorn deposit, (2) extensions of gold-rich copper mineralization at the Three Firs zone, and (3) extensions of higher gold mineralization at the Southeast deposit.
The Program: Approximately 3,600m of core drilling in 9 drill holes is planned, some of which will be on the contiguous Redgold property.
"With our financing freshly closed, I'm excited about the start of drilling at Woodjam," commented Craig Parry, Executive Chairman. "Strong copper prices are expected to continue over the long term and Vizsla Copper is executing on its strategy of acquiring undervalued copper assets and completing selective, high-impact exploration programs on our best targets."
"Well mineralized and highly prospective for exploration success, Woodjam remains our highest priority project," commented Steve Blower, Vice President of Exploration. "I'm looking forward to evaluating all of the target areas, especially Three Firs, as this is our first opportunity to expand the wide-open mineralization there."
The Program
High priority targets will be evaluated in 3 areas – the Deerhorn deposit, the Three Firs zone and the Southeast deposit (Figure 2). At the Deerhorn copper-gold deposit, at least two drill holes will evaluate the potential to expand the higher-grade southern gold-rich portion of the deposit (Figure 3). At the copper-gold Three Firs zone, one drill hole will evaluate potential extensions to the southwest of the zone and another will evaluate a large circular magnetic anomaly northwest of the zone (Figure 4). Finally, drilling at the large Southeast copper deposit will attempt to expand the area of higher-grade gold mineralization along the south end of the deposit (Figure 5).
Approximately 3,600m of drilling is planned in 9 drill holes – some of which will be completed on the contiguous Redgold property. More information on the Redgold portion of the drilling program will follow as targets are finalized. The program will take approximately 6 to 8 weeks to complete. Samples will be submitted for assay regularly through the program, and analytical results will be disclosed in due course.
Figure 1 – Woodjam Property Map
Figure 2 – Target Area Locations
Figure 3 – Deerhorn Deposit Target Area (Grade Shells at 810masl)
Figure 4 – Three Firs Zone Target Area (Grade Shells at 800masl)
Figure 5 – Southeast Deposit Target Area (Grade Shells at 790masl)
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. The Company is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper properties: Poplar, Copperview, and Redgold, all well situated amongst significant infrastructure in British Columbia. The Company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver (TSX.V: VZLA) (NYSE: VZLA) and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector. Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.vizslacopper.com).
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Ian Borg, P.Geo., Senior Geologist for Vizsla Copper. Mr. Borg is a Qualified Person as defined under the terms of National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to: obtaining required regulator approvals for the Copperview Acquisition and the RG Copper Acquisition; satisfying the requirements of the Underlying Option Agreement; the exploration and development of the Woodjam Project, Redgold Project and Copperview Project; and the Company's growth and business strategies.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE Vizsla Copper Corp.
Contact Information: For more information and to sign-up to the mailing list, please contact: Craig Parry, Executive Chairman, Chief Executive Officer, Tel: (604) 364-2215 | Email: info@vizslacopper.com
Juggernaut Mobilizes for Drlling on Midas and Bingo Properties in Golden Triangle, B.C.
https://thenewswire.com/press-releases/1k1vFQG07-juggernaut-mobilizes-for-drlling-on-midas-and-bingo-properties-in-golden-triangle-b-c.html
Vancouver, British Columbia – TheNewswire - June 25th, 2024 – Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report mobilization for the 2024 drilling season on its 100% controlled Midas and Bingo properties. The company has a total of 6,000 meters of drilling planned for the two properties in a world-class geologic terrane. Drilling includes expansion along strike and to the depth of known mineralization at the high-grade gold-silver-copper shear hosted vein at Bingo, as well as testing the strong Eskay-style Volcanogenic Hosted Massive Sulphide (VHMS) anomaly identified at the Kokomo showing on the Midas property.
Dan Stuart, President and CEO of Juggernaut Exploration, states, “We are excited to resume drilling on both of our 100% controlled Bingo and Midas properties after the successful inaugural drill programs carried out in 2023. We designed a comprehensive drill plan that will allow us to expand the high-grade gold-silver-copper mineralization at Bingo along strike and depth, as well as drill test what we believe is the most compelling VHMS target identified on the Midas property to date. In addition, we look forward to the new discoveries made by the B-ALL syndicate, in which we are one of the largest investors.”
BINGO PROPERTY
Bingo Property Highlights:
The program on the Bingo property will consist of up to 3000 meters of drilling (from 6 pads and 12 holes) designed to expand the known high-grade gold-silver-copper mineralization along strike and to depth on the Bingo Main Zone, as well as testing additional shear zones at depth. View Bingo Drilling Maps
Mapping and prospecting on the property, including the Double Down Hinge Zone highlighted by an airborne magnetic survey, will be carried out in preparation for future drilling.2023 Bingo Doubledown
High-grade gold-silver-copper mineralization has been intersected in multiple inaugural test drill holes in 2023 collared from within the Bingo Main Zone along a north-trending, west-dipping, shear hosted vein within a 550 meters by 350 meters precious metal-rich mineralized corridor that remains open. Bingo 3D Schematic
Results from the 2023 inaugural drill campaign intersected up to 11.42 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag, and 2.72 % Cu) over 5.11 meters.
The broad sulphide-rich mineralized vein consists of semi-massive aggregates and stockwork of chalcopyrite (up to 10 %) and pyrrhotite (up to 10 %), with minor pyrite and galena, part of a shear-hosted vein within a strongly altered diorite unit that remains open to the north, south and to depth.
The maiden drill program of 2023 on this discovery confirmed strong gold-silver-copper mineralization on the Bingo Main outcrop to a depth of 40 meters that remains open, leaving over 90% of the known mineralized corridor untested.
The program on the Bingo property will consist of up to 3000 meters of drilling designed to expand the known high-grade gold-silver-copper mineralization along strike and to depth on the Bingo Main Zone and test additional shear zones at depth. Mapping and prospecting on the property, including the Double Down Hinge Zone highlighted by an airborne magnetic survey, will be carried out in preparation for future drilling.
Results from the 2023 drill season include 4 holes collared from Pad 1 located in the northern part of the Bingo Main Zone which intersected broad sulphide-rich mineralized horizon consisting of semi-massive aggregates and stockwork of chalcopyrite (up to 10 %) and pyrrhotite (up to 10 %), with minor pyrite and galena, that are part of a shear hosted vein within a strongly altered diorite unit that remains open to the north, south and to depth. Drill hole BI-23-01 intersected 11.42 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag and 2.72 % Cu) over 5.11 meters, including 19.69 gpt AuEq (13.05 gpt Au, 24.93 gpt Ag and 4.70 % Cu) over 2.90 meters. Drill hole BI-23-04 intersected 4.23 gpt AuEq (2.52 gpt Au, 11.05 gpt Ag and 1.16 % Cu) over 10.12 meters, including 6.74 gpt AuEq (4.01 gpt Au, 17.37 gpt Ag and 1.85 % Cu) over 5.89 meters. Drill hole BI-23-02 intersected 4.81 gpt AuEq (2.86 gpt Au, 8.72 gpt Ag and 1.39 % Cu) over 7.05 meters, including 9.49 gpt AuEq (5.69 gpt Au, 17.36 gpt Ag and 2.70 % Cu) over 5.89 meters and 12.35 gpt AuEq (7.31 gpt Au, 23.11 gpt Ag and 3.58 % Cu) over 2.45 meters. Drill hole BI-23-03 intersected 2.22 gpt AuEq (1.39 gpt Au, 4.06 gpt Ag and 0.58 % Cu) over 5.78 meters, including 2.56 gpt AuEq (1.66 gpt Au, 4.58 gpt Ag and 0.62 % Cu) over 4.73 meters and 10.67 gpt AuEq (6.77 gpt Au, 21.30 gpt Ag and 2.69 % Cu) over 0.92 meters. Bingo 3D Schematic
The mineralized shear hosted vein was intersected in a narrow copper-rich interval from a drill hole in the southern part of the Bingo Main Zone 200 m south of Pad 1 from 2023, where a surface grab sample assayed 9.79 gpt Au. Drilling in this area in 2024 is designed to fully test the southern extent of the mineralized corridor. Mapping and drilling have shown that the mineralized vein pinches and swells and is parallel to the axial plane of a moderate size fold identified in the magnetic signature of the Bingo Main Zone. The 2023 drill program has helped better understand the geometry of the mineralized vein which is steeply dipping on surface and rotates to 45 degrees to the west at deeper levels. The 2024 drill program is designed to expand on the depth and strike extent of the high-grade gold-silver-copper mineralization in the northern part of the Bingo Main Zone where a step-out pad will allow to test the vein at depth and extend its strike along the trend where numerous surface samples assayed multi-gram gold. Additional drill locations on trend with the mineralized vein both to the north and to the south will help determine the extent of the mineralization along strike. View Bingo Drilling Maps
A secondary vein was discovered in outcrop 400 m to the northeast of Pad 1 where two grab samples assayed 7.39 gpt Au and 5.93 gpt Au, respectively. The outcrop is partially covered by overburden, but structural investigations indicate a similar orientation to the main mineralized vein. Both samples collected from this outcrop consist of strongly altered, crackled intrusive with up to 5 % chalcopyrite and 10 % pyrite. This showing will be drill tested with multiple drill holes during the 2024 drill season. A third vein is outcropping 250 m southeast of Pad 1. A grab sample that assayed 1.11 gpt Au collected from this vein consists of a metamorphosed, strongly altered intrusive rock with 5 % pyrite and 1 % chalcopyrite. A number of drill holes have been designed to test this showing in 2024. Deeper drill holes designed to test the contact between a close-by intrusion and the surrounding rocks are also planned for the 2024 drill season.
Recently, a new fold located 1 kilometer to the north of the Bingo Main Zone named the Double Down Hinge Zone has been identified in an airborne magnetic survey. This fold shows the same orientation and characteristics as the fold observed at the Bingo Main Zone. A fault separates the two folds potentially indicating that the two structures are in fact the same fold that has been displaced, in which case gold-silver-copper mineralization is projected to be found in the Double Down Hinge Zone as well. Detailed mapping and prospecting on the property will focus on identifying the relationship between the Double Down Hinge Zone and the Bingo Main Zone, as well as understanding the controls on mineralization at the contact between metamorphosed sediments and the intrusion to the West, and the volcanic units to the East. 2023 Bingo Doubledown
Highlights from the high-grade gold Bingo property:
The Bingo Main zone is part of a 550 meters by 350 meters mineralized corridor that remains open with high-grade gold drill samples (11.42 gpt AuEq over 5.11 meters) and surface samples (up to 13.4 gpt Au) locatedalong the axial plane of a fold hinge.
Bingo is located in the Eskay Rift in an evolving gold district in a world-class geologic setting within the Golden Triangle of British Columbia, host to several multi-million-ounce gold deposits confirming the untapped discovery potential that remains while vast areas of newly exposed bedrock are exposed due to recent snowpack and glacial abatement.
Bingo comprises the same world-class geological units as Goliath Resource's Surebet discovery located 15 km to the West, including Hazelton Volcanics and related sediments and intrusive rocks, as well as the same style of mineralization of pyrrhotite, chalcopyrite, and galena, hosted in a similarly oriented west dipping shear zone.
Gold mineralization in drill samples (4 out of 7 holes intersected significant high-grade gold mineralization) and surface outcrops (83 % of surface samples collected contained gold mineralization), stream sediment geochemistry, ground magnetic survey, soil sampling, and other lines of evidence confirm strong gold-mineralization potential on the property.
Mineralization is characterized by aggregates and stockwork of chalcopyrite, pyrrhotite, galena, and pyrite from a shear-hosted vein along which gold-silver-copper rich fluids intruded and altered the host rock.
Recently, a new fold located 1 kilometer to the north of the Bingo Main Zone, named the Double Down Hinge Zone, has been mapped. This fold shows the same orientation and characteristics as the fold observed at the Bingo Main Zone. A fault separates the two folds, potentially indicating that the two structures are, in fact, the same fold that has been displaced, in which case gold-silver-copper mineralization is projected to be found in the Double Down Hinge Zone as well.
The Bingo property is located in a fertile area in the southern part of the Golden Triangle, surrounded by a number of known deposits, including Anyox, Surebet, Dolly Varden, Porter Idaho, Premier, and more.
Infrastructure includes direct access to tidewater in close proximity to roads and high-tension power.
The Bingo property has an area of 989 hectares and is located 45 km SSW of Stewart, BC and 28 km W of Kitsault, and only 12 km to tidewater landing and roads in the historic mining town of Anyox, providing for cost-effective exploration. The Bingo Main Zone contains gold mineralized grab, chip, and channel samples along the axial plane of a fold hinge over an area of 550 meters x 175 meters in a region of recent glacial retreat and permanent snowpack abatement located within the Eskay Rift region of the Golden Triangle, British Columbia. High-grade gold from surface grab samples assayed up to 9.79 gpt Au. Channel samples assayed up to 1.77 gpt Au and 0.20 % Cu over 4.85 meters and 1.48 gpt Au and 0.37 % Cu over 3.2 meters, respectively. The Bingo property has strong similarities to Goliath Resources’ Surebet Project, located further to the east, including the same mineralogy, textures, and structures.
MIDAS PROPERTY
Midas Property Highlights
The program on the Midas property will consist of up to 3000 meters of drilling (from 6 pads and 15 drill holes) designed to test the most compelling Volcanogenic Hosted Massive Sulphide (VHMS) target identified on the property to date at the Kokomo showing.2023 Midas Drilling Map Comp
Highlights of the Midas property include the discovery of the gold-silver-copper-zinc rich Kokomo showing (9.343 gpt Au, 117 gpt Ag, 1.58 % Cu, and 1.77 % Zn), drill hole MD-19-18 (6.22 m of 0.31 gpt Au, 0.95 m of 1.50 gpt Au with 1.94 % Cu and 3.22 m of 0.36 gpt Au) and the VG Zone (2.24 gpt Au, 6.83 gpt Ag, 0.18 % Cu and 1.04 % Zn over 4.80 meters). View VHMS
Extensive broad copper-zinc-gold rich intervals consisting of considerable chalcopyrite and pyrite in aggregates, stringers, and veinlets have been intersected in multiple drill holes from 2023 collared from an area encompassing the VG Zone and Kokomo showing consistent with an Eskay-style VHMS system.
Results from the 2023 drill campaign intersected up to 1.56 gpt AuEq (0.35 gpt Au, 6.10 gpt Ag, 0.64 % Cu, and 0.67 % Zn) over 5.00 meters.
The mineralized horizons consist of aggregates, stringers, and veinlets of chalcopyrite (up to 10 %), sphalerite (up to 5 %), and pyrite (up to 15 %) in a strongly quartz-sericite-altered volcanic host rock consistent with being in close proximity to an Eskay-style VHMS deposit.
The 2023 drill results, in combination with results from previous years, indicate an extensive north-south gold-copper-zinc rich mineralized trend that remains open, extending for 550 m on strike with a large relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly. The gold and base metals component clearly increases towards the Kokomo showing, strongly indicating proximity to the heart of a VHMS deposit. 3D IP inversion map
The program on the Midas property will consist of up to 3000 meters of drilling designed to test the most compelling Volcanogenic Hosted Massive Sulphide (VHMS) target identified on the property to date at the Kokomo showing. 2023 Midas Drilling Map Comp
All three holes collared from Eskay 1 Pad in 2023, located at the transition from the VG Zone to the Kokomo Zone, have intersected considerable gold-copper-zinc mineralization and are characterized by copious amounts of chalcopyrite and pyrite in aggregates, stringers,, and veinlets within a strongly altered volcanic host rock indicating close proximity to an Eskay-style VHMS deposit. Drill hole MD-23-34 intersected 1.56 gpt AuEq (0.35 gpt Au, 6.10 gpt Ag, 0.64 % Cu, and 0.67 % Zn) over 5.00 meters within 0.68 gpt AuEq (0.22 gpt Au, 2.73 gpt Ag, 0.20 % Cu, and 0.38 % Zn) over 22.00 meters. Additional intervals in this hole include 0.70 gpt AuEq (0.24 gpt Au, 2.93 gpt Ag, 0.64 % Cu, and 0.70 % Zn) over 10 meters and 0.54 gpt AuEq (0.18 gpt Au, 1.70 gpt Ag, 0.09 % Cu, and 0.53 % Zn) over 8.00 m. Drill hole MD-23-35 intersected 0.53 gpt AuEq (0.18 gpt Au, 1.64 gpt Ag, 0.11 % Cu, and 0.47 % Zn) over 20.00 meters, including 1.41 gpt AuEq (0.38 gpt Au, 3.62 gpt Ag, 0.32 % Cu, and 1.40 % Zn) over 3.00 meters and 1.07 gpt AuEq (0.39 gpt Au, 2.48 gpt Ag, 0.28 % Cu, and 0.69 % Zn) over 3.00 meters. Drill hole MD-23-36 intersected 1.76 gpt AuEq (0.79 gpt Au, 16.60 gpt Ag, 0.58 % Cu) over 1.00 meter, within 0.45 gpt AuEq (0.19 gpt Au, 4.30 gpt Ag, 0.15 % Cu) over 6.00 meters. An additional interval in this hole assayed 0.29 gpt AuEq (0.16 gpt Au, 1.69 gpt Ag, 0.14 % Zn) over 32 meters. The 2023 drill results, in combination with results from previous years, indicate an extensive north-south gold-copper-zinc rich mineralized trend that remains open, extending for 550 m by 300 m from Eskay 1 Pad to the Kokomo showing on strike with a large relatively shallow Induced Polarization (IP) chargeability and resistivity anomaly. The gold and base metals components clearly increased towards the Kokomo, showing strong proximity to the heart of a VHMS deposit. View VHMS
Based on the new results from the 2023 drill program and a thorough compilation of data from previous drill campaigns and exploration programs on the Property, including geochemistry, geophysics, and mapping, that have allowed to vector-in and strongly point to the heart of the VHMS system, a drill plan designed to outline the full VHMS potential of the 550 m by 300 m north-south trend between the Eskay 1 Pad and the Kokomo showing has been prepared. The drilling is designed to specifically target the 550 m by 300 m area between the Eskay 1 Pad and the Kokomo, showing that it is strongly indicated to contain the heart of the gold-rich VHMS system. The Kokomo showing consists of a VHMS style outcrop where a 1 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu, and 1.77 % Zn. The outcrop is 5 m wide and strikes on surface for 30 m and remains open and is underlain by an extensive strong 550 m long Induced Polarization (IP) chargeability and resistivity anomaly that remains open, conducive for semi-massive to massive sulphides like those confirmed on surface on the Kokomo showing.
Highlights from the Midas Eskay-Style Kokomo VHMS target
The 3D inversion of the 2018 Induced Polarization (IP) data performed by an independent geophysical company highlighted a 120 m by 150 m chargeability anomaly and a 350 m by 200 m resistivity anomaly from surface to 200 m depth that remains open to the South and East conducive for semi-massive to massive sulphides like those confirmed on surface at Kokomo. 3D IP inversion map
Kokomo is an Eskay-style VHMS showing with a 1 m chip sample assaying 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn. The outcrop remains open in all directions where outcrops of the same or similar lithology extend over several hundred meters.
A BLEG (Bulk Leach Extractable Gold) sample collected 700 m down-slope in the drainage of the Kokomo showing assayed 29 ppb Au, 613 ppb Ag, 137 ppm Cu, 54.4 ppm Pb and 462 ppm Zn, by far the highest sample recorded on the property and is coincident with a similar geochemical signature as the Kokomo showing
Two outcrop grab samples collected within 50 m of the Kokomo showing in 2017 and 2018 assayed 1.835 gpt Au (with 34.4 gpt Ag, 0.84 % Cu, 0.03 % Pb and 0.79 % Zn) and 2.29 gpt Au (with 21.3 gpt Ag, 0.01 gpt Cu, 0.00 % Pb and 0.02 % Zn).
The host rock to the Kokomo showing has been mapped by Juggernaut former senior geologist S. Roach as well as the British Columbia Geological Survey (BCGS; M. McKeown, J. Nelson and R. Friedman, 2007)as a rhyolitic tuff with strong phyllic alteration (quartz-sericite-pyrite) from the Mt Attree volcanics, a unit highly prospective for VHMS deposits
In 2019, hole MD-19-24 collared 300 m Southwest of the Kokomo showing with an azimuth of 090 and a dip of 50 intersected the fringes of the chargeability and resistivity anomalies highlighted by the recent 3D inversion of the IP data containing disseminated sulphide mineralization (mainly pyrite and minor sphalerite) in the bottom half of the hole assaying up to 0.293 gpt Au and 2.8 % Zn closest to the Kokomo discovery outcrop. (See news release September 30, 2019)
The geology, geochemistry, alteration, and extensive underlying geophysical anomaly coupled with the high-grade polymetallic Au, Ag, Cu and Zn mineralization in semi-massive to massive sulphides seen in outcrop at Kokomo strongly indicates the potential of a new Eskay-style VHMS discovery.
The Midas property is 100% controlled and covers 20,803 hectares and is located 24 km southeast of Terrace, British Columbia in close proximity to logging access roads, power, railway and major infrastructure. The property is located in an area of recent glacial abatement and permanent snowpack recession at the southern end of the Golden Triangle, British Columbia. Multiple high-grade gold grab, chips and channel samples were collected from the Kokomo VHMS target where a 1.00 m chip sample assayed 9.343 gpt Au, 117 gpt Ag, 1.58 % Cu and 1.77 % Zn and is drill ready. Relatively shallow Induced Polarization (IP) chargeability and resistivity anomalies extend under the Kokomo showing on trend to the south for at least 550 m towards the Eskay 1 Pad, conducive for a buried VHMS containing semi-massive to massive sulphides at depth. Channel samples highlights from the VG Zone include 10.28 gpt Au over 4.34 meters; 15.37 gpt Au over 2 meters; and 5.43 gpt Au over 3.11 meters. Historic drill results from the Midas property include hole MD-18-16 which intersected the peripheral zone of the IP anomaly core and returned 0.56 g/t AuEq over 35.35 meters; hole MD-18-08, which assayed 6.85 gpt Au over 9 meters and narrowly missed a strong IP chargeability anomaly; and hole MD-18-01 which intersected 3.27 gpt AuEq over 4.80 meters and ended before it reached the core of a strong IP chargeability anomaly. 3D IP inversion map
B-ALL SYNDICATE
A large-scale exploration and prospecting program has been prepared in conjunction with the B-ALL Syndicate with the goal of discovering new potential deposits in an area of recent glacial abatement and permanent snow pack recession in Northwest British Columbia located between Stewart and the Yukon border. The team generated over 300 exploration targets and staked 97 properties that will be prospected and mapped during the summer. Target generation included the compilation and inspection of numerous datasets, including maps, geophysical surveys, air photos, geochemical data, MINFILE investigations, and advanced computer-aided data analysis. Juggernaut Exploration is one the largest investors in the B-ALL Syndicate and is responsible for press release results for all the material discoveries of this exploration program once the results are received, compiled, and interpreted. These B-ALL Syndicate results are anticipated after the results from 6000 meters of drilling on Bingo and Midas are released, providing ongoing news from over 300 exploration targets.
Engagement of Marketing Consultant
Rocks And Stocks News ("R&S") is a private entity owned and operated by Allan Barry Laboucan. He is based in Mexico, operating an online portal for precious metals and mining stocks. R&S discusses Juggernaut’s news releases along with comments and/or opinions on its YouTube channel. The sponsorship agreement extends for 6 months for a total of C$18,000 that expires on December 14th, 2024. Mr. Laboucan did not receive shares or options as compensation. At the time of the agreement, R&S and the Company were unrelated and unaffiliated entities. No buying or selling recommendations are made, no price projections on Juggernaut are given, and no financial advice is given. Mr. Laboucan does not own shares of Juggernaut Exploration Ltd.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
Oriented NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit. Drill holes were planned using Leapfrog Geo and QGIS software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples, including core, rock grabs, channels, and talus samples, are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.
Some of the reported data is historical in nature and is a compilation of third-party data from previous operators. The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled. In addition, the reader is cautioned that proximity to known mineralization does not guarantee similar mineralization will exist on the properties.
For more information, please contact:
Juggernaut Exploration Ltd.
Dan Stuart
President and Chief Executive Officer
Tel: (604)-559-8028
www.juggernautexploration.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD LOOKING STATEMENT
Certain disclosure in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.
DLP Resources Announces Continuation of Drilling NZ23-01 on the NZOU Critical Metals Project - Sullivan-Type Zn-Pb-Ag Target in SE British Columbia
https://www.newsfilecorp.com/release/214028
June 21, 2024 4:23 PM EDT | Source: DLP Resources Inc.
Cranbrook, British Columbia--(Newsfile Corp. - June 21, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) ("DLP" or the "Company") announces commencement of drilling the continuation of drillhole NZ23-01 on the NZOU critical metals project in southeastern British Columbia, Canada (Figure 1).
NZOU Project (Sullivan-type Zn-Pb-Ag Target)
A one-hole drill program which commenced in 2023 on the NZOU Project was re-started on June 18, 2024. This drillhole NZ23-01, was collared in Middle Aldridge siltstones and ended at a depth of 1330m at the top of the Sullivan horizon in July 2023. Drilling was halted due to the window of imposed permit restrictions.
Alteration observed in the hole was locally intense and consisted of 1 to 3m zones of albitization, with associated garnets, chlorite and epidote. From 449.0m to 480m the rocks were strongly chloritized and sericitized. Minor pyrrhotite and pyrite occurs throughout the hole as weak disseminations and in discontinuous hairline calcite veinlets. Traces of sphalerite were noted locally.
At 1317.0m the hole intersected "Sullivan time" and the sediments contained disseminated pyrrhotite and thin pyrrhotite layers parallel to bedding. Some weakly disseminated sphalerite associated with the pyrrhotite was observed. The presence of sphalerite within this horizon coupled with the fact that the hole was entering the MT (magnetotelluric) anomaly warranted continuation of drilling another 300m. This continued drilling will identify the true thickness of the Sullivan horizon and confirm any development of economic mineralization of Zn-Pb-Ag to approximately 1650m (Figures 1, 2 and 3).
As highlighted in the DLP press release of November 9, 2021 the extension of the well-developed MT geophysical anomalies to the NE of hole DD21-02 indicated well developed conductive bodies extending over 5000m x 500m. These conductive zones are proposed to be associated with pyrrhotite (iron sulphide) associated with the extension of the Sullivan Horizon intersected in DD21-02 (Figure 2). Both geophysical and geological data support the fact that a significant mineralized Sullivan-type Zn-Pb-Ag system may be encountered in this phase of drilling approximately 3.7km northeast of DD21-02. A low resistivity (strong conductive) anomaly extending from approximately 700m to beyond the targeted depth of 1500m to 1700m is well developed on this drill section (Figure 3).
Ian Gendall, President and CEO of DLP commented, "We are very excited to be continuing the drilling of NZ23-01 to target a potential critical metals Sullivan-type zinc system on the NZOU property. Previous drilling in 2020, 2021, 2022 and 2023 has continued to vector us from the southwest to the northeastern end of this extensive 5000m MT geophysical trend."
Summary of Vectoring towards a Sullivan-Type Zn-Pb-Ag Target along the 5km Magnetotelluric Geophysical Trend (Figure 2)
In 2020, DLP extended the original PAN18-01 hole, renamed PAN18-01-Ex, drilled by Teck from 1425m to 1711m and intersected the Sullivan horizon with weak zinc mineralization and good chlorite and sericite alteration.
In 2021, drill hole DD21-02 was drilled on the chargeability anomaly approximately 1.2 km to the NE of PAN18-01-EX. Hole DD21-02 like PAN18-01-EX, was drilled on the PJX's DD property and intersected an extensive thickness (168m) of fragmentals, part of the Sullivan Horizon, from 1705m with abundant pyrrhotite with hydrothermal alteration of secondary biotite and sericite + chlorite visible throughout. Finely laminated Sullivan horizon siltstone/argillite was intersected at the base of the fragmentals from 1861.24m to top of Lower Aldridge banded siltstones at 1873.31m. A 7.6m interval of the Sullivan siltstones/argillites with fine grained disseminated sphalerite (zinc-iron sulphide) and wispy bands of pyrrhotite (iron-sulphide) was observed from 1861.24m to 1873.31m. Within this section there was a 2.92m interval with 0.16% Zn and 0.06% Pb from 1861.26m to 1864.18m. The highest values in this interval were 0.27% Zn, 0.11% Pb and 2.5ppm Ag (see DLP Press Release of November 9, 2021).
In 2022, DLP drilled MD22-01 on the Moby Dick property and hit a major fault at around 1200m. A re-drill off a downhole wedge placed at 1150m also had to be abandoned at 1305m due to poor drilling conditions. The hole ended in Middle Aldridge sediments with weak pyrrhotite mineralization and intense sericite alteration with trace tourmaline within the fault zone.
A review of the data obtained from the above three holes, historic drilling of IR07-01 and IRISH-07 and updated geological maps, DLP is now targeting the Sullivan-type Zn-Pb-Ag system at the end of the MT anomalous zone with a very well-developed chargeability zone at 1500m depth.
The historic Sullivan mine which was one of the largest sedimentary exhalative Zn-Pb-Ag deposits in the world is located approximately 52km to the north of our NZOU drilling. The Sullivan mine was in active production for 92 years with a reported 160 million tons of ore containing 8 million tons of lead, 7 million tons of zinc, and 285 million ounces of silver, worth approximately $40 billion at today's metal prices.
Figure 1: Location of Moby Dick and NZOU Sullivan-type Zn-Pb-Ag Projects.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/214028_0e577066f48f5aaf_001full.jpg
Figure 2: Titan MT resistivity plan at 0m elevation with the main MT anomaly trending NE from DD21-02 onto the Moby Dick and NZOU properties.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/214028_0e577066f48f5aaf_002full.jpg
Figure 3: Titan MT resistivity section along Line 5N showing drill hole NZ23-01.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/214028_0e577066f48f5aaf_003full.jpg
Stock Options and RSU's
The Company also announces that a total of 230,000 stock options ("Options") and 100,000 restricted share units ("RSUs") have been granted to a founder and three contractors of the Company pursuant to the Company's long-term incentive plan.
The options are exercisable for a term of 5 years at exercise prices of $0.36 and $0.465. Each RSU entitles the holder to acquire one common share of the Company on vesting. All RSUs will vest one year from the date of grant.
Qualified Person
David L. Pighin, consulting geologist and co-founder of DLP Resources, is the qualified person of the Company as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the technical contents of this news release.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site www.dlpresourcesinc.com for additional information.
FOR FURTHER INFORMATION PLEASE CONTACT:
DLP RESOURCES INC.
Ian Gendall, CEO & President
Jim Stypula, Executive Chairman
Robin Sudo, Office & Land Manager/Corporate Secretary
Maxwell Reinhart, Investor Relations
Telephone: 250-426-7808
Email: iangendall@dlpresourcesinc.com
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com
Email: maxreinhart@dlpresourcesinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to drilling on the NZOU project in SE British Columbia, Canada.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things drill results expected from the NZOU project in SE British Columbia.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE: DLP Resources Inc.
NorthWest Copper Reports Positive Metallurgical Recoveries of 94% Copper, 71% Gold and 92% Silver at the Lorraine Deposit
https://ca.finance.yahoo.com/news/northwest-copper-reports-positive-metallurgical-135300902.html
NorthWest Copper Corp.
Mon, June 24, 2024 at 6:53 a.m. PDT·14 min read
NWCCF
0.00%
VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) -- NorthWest Copper (“NorthWest” or “the Company”) (TSX-V: NWST)
P2 Mobilizes Exploration Crews to Eskay-Corey Property
https://www.prnewswire.com/news-releases/p2-mobilizes-exploration-crews-to-eskay-corey-property-302180266.html
P2 Gold Inc. Jun 24, 2024, 08:29 ET
VANCOUVER, BC, June 24, 2024 /PRNewswire/ - Eskay Mining Corp. ("Eskay") (TSXV: ESK) (OTCQX: ESKYF) and P2 Gold Inc. ("P2") (TSXV: PGLD) (OTCQB: PGLDF) (together, the "Companies") report that exploration crews are mobilizing this week to commence exploration of the Eskay-Corey Property (the "Property") located in the Golden Triangle of northwest British Columbia. Eskay and P2 agreed to a business combination (the "Proposed Transaction") on June 4, 2024 (see the joint Eskay-P2 news release dated June 4, 2024) and concurrently signed an exploration services agreement pursuant to which P2 agreed to carry out an exploration program on the Property this year.
The exploration program will be under the supervision of P2's Chief Exploration Officer, Ken McNaughton, who led the team that discovered the Brucejack Mine, located approximately 10 kilometers to the east of the Property. Since signing the exploration services agreement, P2 has been compiling and reviewing the extensive geological and geophysical data from exploration on the Property over the years. Phase One activity will focus on ground truthing the data and developing drill targets for a drill program expected to be undertaken in Phase Two of this year's program.
"We are looking forward to getting on the Eskay ground as we have long thought of it as highly prospective for a significant deposit," commented Ken McNaughton, Chief Exploration Officer of P2. "We have an experienced team mobilizing to site that is focused on unlocking the incredible potential of the property."
About Eskay Mining Corp:
Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the "Golden Triangle," 70km northwest of Stewart, BC. Eskay currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).
All material information on Eskay may be found on its website at www.eskaymining.com and on SEDAR+ at www.sedarplus.com.
About P2 Gold Inc.:
P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2 year mine life.
All material information on P2 may be found on its website at www.p2gold.com and on SEDAR+ at www.sedarplus.com.
This News Release should not be considered a comprehensive summary of the Proposed Transaction. Additional information will be disseminated at a future date. Completion of the Proposed Transaction is subject to a number of conditions including, but not limited to, TSX Venture Exchange (the "Exchange") approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the Information Circular to be prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, statements regarding: the Proposed Transaction; the definitive arrangement agreement that the parties anticipate entering into in connection with the Proposed Transaction; the receipt of necessary shareholder, court and regulatory approvals for the Proposed Transaction; the anticipated timeline for completing the Proposed Transaction; the terms and conditions pursuant to which the Proposed Transaction will be completed, if at all; the anticipated benefits of the Proposed Transaction; the Combined Company; the future financial and operational performance of the Combined Company; the combined company's exploration and development programs; and potential future revenue and cost synergies resulting from the Proposed Transaction. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements.
In respect of the forward-looking statements concerning the Proposed Transaction, including the entering into of the definitive arrangement agreement, and the anticipated timing for completion of the Proposed Transaction, Eskay and P2 have relied on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, shareholder, stock exchange and other third party approvals and the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Proposed Transaction. This timeline may change for a number of reasons, including unforeseen delays in preparing meeting materials; inability to secure necessary regulatory, court, shareholder, stock exchange or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Proposed Transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times.
Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Proposed Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the Proposed Transaction may not be satisfied; the risk that the Proposed Transaction may involve unexpected costs, liabilities or delays; the possibility that legal proceedings may be instituted against the Eskay, P2 and/or others relating to the Proposed Transaction and the outcome of such proceedings; the possible occurrence of an event, change or other circumstance that could result in termination of the Proposed Transaction; risks relating to the failure to obtain necessary shareholder and court approval; other risks inherent in the plant-based food industry. Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Proposed Transaction, may result in the Proposed Transaction not being completed on the proposed terms, or at all. In addition, if the Proposed Transaction is not completed, the announcement of the Proposed Transaction and the dedication of substantial resources of Eskay and P2 to the completion of the Proposed Transaction could have a material adverse impact on each of Eskay's and P2's share price, its current business relationships and on the current and future operations, financial condition, and prospects of each of Eskay and P2.
CONTACT: Mac Balkam, President & Chief Executive Officer, (416) 907 4020, Mac @piper66, info @strick
SOURCE P2 Gold Inc.
Eagle Plains Commences Mount Polley West Field Program
https://www.accesswire.com/880334/eagle-plains-commences-mount-polley-west-field-program
Monday, 24 June 2024 07:00 AM
CRANBROOK, BC / ACCESSWIRE / June 24, 2024 / Eagle Plains Resources Ltd. (TSXV:EPL) (or "Eagle Plains") is pleased to announce that crews have been mobilized to EPL's 100% owned Mount Polley West (MPW) gold-copper project. The 9663 ha MPW project is located in south-central BC, 54 kms north-northeast of Williams Lake and adjacent to Imperial Metals' Mount Polley Property and Osisko Development's past producing QR Deposit. MPW is prospective for porphyry copper-gold and epithermal gold deposits.
Project Highlights
Large contiguous land position adjacent to two significant mineral deposits
Historical trenching returned 1.12% Cu over 35m, including 7.12% Cu over 5m
Excellent infrastructure that supports cost-effective exploration
Multiple documented mineralized intrusions similar in nature to the Mount Polley Intrusive Complex (MPIC)
Coincident geophysical and geochemical anomalies that support the presence of additional prospective intrusions
See Mount Polley West Compilation Map and Webpage here
Due to the proximity to the Mount Polley Mine Complex and extensive forestry activity in the area the project has excellent infrastructure including the paved Likely Road and a high-voltage powerline 5 km south of the property boundary.
Exploration in the region began in conjunction with the Caribou placer gold rush in the 1890's with the first documented hard-rock exploration on the property conducted in 1966, shortly after the discovery of the Mount Polley Mine. Mount Polley is an alkalic porphyry copper deposit, hosted in intrusive breccias and stockwork veins of the late-Triassic Mount Polley Intrusive Complex (MPIC). Recent compilation of historical mapping, rock sampling, and limited drilling within the current MPW property boundaries indicate several occurrences of intrusions similar in nature to the MPIC.
Eagle Plains' first claims in the region were acquired in 2022 with subsequent additions made through staking and third-party agreements. After acquiring the core MPW claims, Eagle Plains completed geological mapping and soil and rock geochemical sampling on the property. 2022 work confirmed copper mineralization on the property, interpreted to be indicative of a deeper porphyry copper source.
Although there are 10 BC MINFILE occurrences on the property, bedrock exposure is limited with varying depths of glacial till cover. Interpretation of historical work and work by Eagle Plains has identified glacial till sampling as an effective tool in vectoring toward bedrock sources of mineralization. Analyses of gold grains in wide spaced till samples collected by Eagle Plains in 2023 in the NW of the property indicate the potential for an up-ice mineralized source to the south. Tills down-ice from Mount Polley show similar gold grain counts and grain morphology.
2024 fieldwork will focus on increasing the density of till sampling in the central part of the property, up- ice from the anomalous 2023 till results and in the area of overlapping radiometric and magnetic geophysical anomalies which are consistent with the geophysical signature of Mount Polley. The 2024 work program will be managed by TerraLogic Exploration of Cranbrook, BC.
The compilation of historical work in conjunction with a review of modern geophysical surveys and results from 2023 fieldwork by Eagle Plains are highly encouraging. The results from the 2024 program will be integrated with historical data to aid in planning the next stage of work which may include deep-looking airborne MT geophysics, ground IP geophysical surveys and mechanical trenching to identify drill targets.
The MPW Project is available for option and Eagle Plains is actively seeking partners.
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above results were taken directly from MINFILE descriptions and assessment reports filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
Green River Gold Commences Placer Gold Mining on the Wabi Claim Located on the Swift River
https://www.newsfilecorp.com/release/214137
June 24, 2024 6:50 AM EDT | Source: Green River Gold Corp.
News Release Highlights:
Green River Gold Corp. ("the Company") has commenced mining operations on one of its 100% owned, fully permitted claims on the Swift River.
The commencement of revenue generation from this mining operation is a major step towards the Company's goal of self-sustaining cash flow from operations.
The commencement of placer gold mining is another step in the direction of the simultaneous advancement of the Company's critical minerals and precious metals properties.
All equipment has arrived and is in place and operational.
Edmonton, Alberta--(Newsfile Corp. - June 24, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") has commenced the placer gold mining operations on its 100% owned, fully permitted, and bonded Wabi claim on the Swift River. The Swift River claims are located approximately 45 minutes from Green River's field headquarters in Quesnel, British Columbia. The placer gold mining project is intended to provide immediate cash flow to the Company while it continues to explore its longer-term mineral growth projects with a focus on both critical minerals and precious metals. The Company has very strong growth platforms with the Quesnel Nickel critical minerals project and the Fontaine Gold and Kymar Silver precious metals projects. The next phase of drilling will commence shortly on the Quesnel Nickel Project. Unlike Green River's longer-term projects, placer gold mining can generally be permitted and operational within a short period of time. Green River believes that the timing is right to create cash flow from some of its 1,112 hectares of placer mining claims.
Figure 1. Placer Mining Equipment on The Wabi Claim
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/214137_6e66e433c48a7b7e_002full.jpg
About Green River's Swift River Placer Mining Claims and Plans
Green River holds six contiguous placer mining claims totaling 255.94 hectares straddling the Swift River, a river which has a significant history of placer mining production dating back to the Cariboo Gold Rush in the 1870's. The Company also holds placer claims on several other creeks and rivers in the Cariboo Mining District. Several of the placer properties are already permitted and bonded. The placer properties owned by Green River are shown in Figure 1 against the backdrop of the Company's 200 square kilometer Quesnel Nickel/Fontaine Gold mineral property.
Figure 2. Placer Property Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/214137_6e66e433c48a7b7e_003full.jpg
The Company has held its Swift River placer claims for several years, along with placer claims on other well-known creeks and rivers in the Cariboo Mining District. Some of the claims have been rented to other miners in the past for cash rent. With gold prices currently near all-time highs of above $3,100 Canadian, it was decided that it was time for Green River to mine the Wabi claim on its own. Green River may choose to mine some of its other permitted placer claims in the future. The goal is to achieve self-sustaining cash flow from operations which will allow the Company to apply any funds raised in the capital markets directly to exploration activities. The Wabi claim is located along the Swift River and is shown in Figures 2 and 3.
Figure 3. Wabi Claim Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/214137_6e66e433c48a7b7e_004full.jpg
Green River is uniquely positioned to efficiently mine the placer claims because of its relationship with its privately held affiliate, Gold Rush Supplies Inc. The two companies share space in a fully equipped shop and office building located in Quesnel, approximately 45 minutes from the Swift River placer claims. Gold Rush Supplies Inc. builds placer mining equipment and provides mining supplies from a retail and shop location in the shared facility. The fully equipped shop and yard provides an excellent location from which to stage the mining operation and to handle all related administration and management functions. The Company's Qualified Person, Stephen P. Kocsis (P.Geo) has decades of experience in placer gold mining and has personally designed and operated placer mining operations.
The placer mining operation is being run by a team dedicated to that operation. It will augment, not distract from the Company's priority, which is exploration of its mineral properties, particularly drilling and trenching at the Quesnel Nickel Project.
Perry Little, Green River's President and CEO comments, "With gold prices at current levels, we see the possibility of creating significant cash flow from our placer mining assets. It is our goal to create sufficient revenue from operations to eventually cover at least our annual operating costs so that any money we raise in the capital markets goes directly to exploration or acquisitions. Our primary focus remains the Quesnel Nickel Project and our other mineral properties. In the meantime, any mining activity that produces cash flow for the Company benefits all our shareholders."
For more information on Green River Gold Corp. and the Quesnel Nickel Project, please visit our website or contact our investor relations team.
Qualified Person:
Stephen P. Kocsis (P.Geo) is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.
About Green River Gold Corp.
Green River Gold Corp. is a dynamic mining company dedicated to sustainable resource development and innovation in the mineral exploration sector. With a strategic focus on identifying and advancing high-potential mining projects, Green River Gold Corp. is committed to creating long-term value for shareholders and stakeholders.
Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly-owned Fontaine Gold Project, Quesnel Nickel/Magnesium/Talc Project, and Kymar Silver Project which are located in renowned mining districts in British Columbia.
The Fontaine Gold and Quesnel Nickel properties cover an area exceeding 200 square kilometers and straddle a 32-kilometer length of the Barkerville and Quesnel Terranes. They are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.
The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,625 hectares, along the southeast flank of Mount Catherine.
For more information contact:
Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer
perry.little@greenrivergold.ca
780-993-2193
Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedarplus.ca.
Forward-Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-Looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information.
In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumptions. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.
The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved any of the contents of this press release.
SOURCE: Green River Gold Corp.
AC/DC Battery Metals Receives Final Approval to List on the TSX Venture Exchange
https://thenewswire.com/press-releases/1AXXFDone-ac-dc-battery-metals-receives-final-approval-to-list-on-the-tsx-venture-exchange.html
Coquitlam, BC – TheNewswire - June 24, 2024- AC/DC Battery Metals Inc. (the “Company” or “AC/DC”) (TSXV:ACDC) is pleased to announce that further to its news release dated June 17, 2024, the TSX Venture Exchange (“Exchange”) has approved the Company's application to list as a Tier 2 issuer on the Exchange effective at the market opening on June 27, 2024 and immediately halted. Once the Company is listed, it will then complete its previously announced financing of CAD$2,000,000. Once the Company closes the financing, AC/DC Shares will commence trading on the Exchange under the symbol "TSXV: ACDC" at the opening of market on July 8, 2024.
For further details, please refer to the Form 2B - Listing Application dated June 18, 2024, available on the Company's SEDAR+ profile available at www.sedarplus.ca.
Appointment of New Management Team
Effective June 18, 2024, AC/DC’s management team is comprised of:
Tim Fernback President & Chief Executive Officer
Robert Guanzon Chief Financial Officer
Tina Whyte Corporate Secretary
AC/DC’s board of directors is comprised of Tim Fernback, Robert Setter, Ryan Cheung and Andrew Gertler.
The Company announces that the National Instrument 43-101 Technical Report for the Nickel Project, dated March 6, 2024, in the Takla Lake Area, BC and prepared by Jeremy Hanson, P.Geo has been filed on SEDAR+ and available at www.sedarplus.ca.
Issuance of Stock Options
AC/DC also announces that a total of 5,180,000 stock options (the "Options") will be granted upon closing of the above-mentioned financing. The Options will be granted to certain officers, directors, and consultants of the Company pursuant to the Company's Stock Option Plan.
The Options are each exercisable at an exercise price of $0.05 per Share for a period of five years from the date of grant. All options granted are subject to an Exchange hold period expiring 4 months and a day from the date of grant,
For further details regarding the grants outlined above, please refer to the Listing Application.
About AC/DC Battery Metals Inc.
Nickel Project, British Columbia
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The Company owns a 100% interest in the Nickel Project.
On Behalf of the Board of Directors
“Tim Fernback”
Tim Fernback, President & CEO
Contact Information:
Email: info@acdcbatterymetals.com
Phone: 604-336-8026
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
Casa Minerals Receives Drill Permit for Arsenault Copper-Gold-Silver Project
https://www.newsfilecorp.com/release/213551
June 19, 2024 9:00 AM EDT | Source: Casa Minerals Inc. Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Casa Minerals Inc. (TSXV: CASA) (OTC Pink: CASXF) (FSE: 0CM) (the "Company" or "Casa"), is pleased to announce that it has received the exploration work permit for its Arsenault Copper-Gold-Silver VMS project, located in the Jennings River Area of northwestern BC in the traditional territory of the Teslin-Tlingit First Nation and the Taku River Tlingit First Nation.
The five-year area-based exploration permit ("the permit") was issued by the Ministry of Energy, Mines and Low Carbon Innovation. The permit allows the Company to perform 80 line kilometers of ground geophysical surveys and to drill from 30 helicopter accessed drill sites. The permitting process included consultations with First Nations which is reflected in the strong provisions for environmental protection and conditions. The requirements are in accord with Casa's principles and will result in minimal impact.
The Arsenault VMS (volcanic massive sulphides)-type mineral occurrences have been explored in recent decades by several operators, including Casa, who variously employed technical surveys, including airborne, geophysical and geochemical surveys and geologic mapping. Casa has compiled available data and plans to expand the existing surveys and conduct drill tests in several locations. Arsenault geology mapping has shown that copper-gold mineralization of interest is related to a sequence of interbedded marine and clastic sedimentary rock formations, aka "Big Salmon Formation," that in nearby parts of southern Yukon are host to important copper, gold, silver, lead and zinc prospects and several mines.
Farshad Shirvani, president & CEO of the Company states: "this permit gives Casa an opportunity to shine a light on this district which has a rich history in mineral exploration, and it deserves new approaches and modern exploration technologies to hopefully contribute to the demand of critical minerals that we are seeing in this country and around the world."
About Casa Minerals Inc.
The Company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the USA. Casa owns ninety percent (90%) interest in the Congress gold mine (Arizona, USA). Additionally, the Company owns a one hundred percent (100%) interest in the polymetallic Pitman and Keaper properties (BC, Canada) and has an option to acquire a seventy-five percent (75%) interest in the Arsenault VMS Property (BC, Canada).
On Behalf of Board of Directors
Farshad Shirvani, M.Sc. Geology
President and CEO
For more information, please contact:
Casa Minerals Inc.
Farshad Shirvani, President & CEO
Phone: (604) 678-9587
Email: contact@casaminerals.com
https://www.casaminerals.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE: Casa Minerals Inc.
Flow Metals Completes Induced Polarization Survey at New Brenda Porphyry Copper Target
https://www.newsfilecorp.com/release/213668
June 20, 2024 8:55 AM EDT | Source: Flow Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") announces the completion of an induced polarization ("IP") survey at its 100% owned New Brenda copper-silver-molybdenum project located in south-central British Columbia within the Quesnel Terrane.
Highlights include:
3.2 KM Induced Polarization, single-line, survey over the XP target
Two elevated chargeability anomalies identified align with anomalous soil and rock samples
Elevated 1500m long, shallow eastern anomaly coincides with annular magnetic low region
1000m long western anomaly underlies a rock sample containing 0.67% Cu
Figure 1: IP inversion Chargeability and Resistivity (High Resolution)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7235/213668_93d2005af46019ae_001full.jpg
Scott Sheldon, CEO of Flow Metals commented: "Results from the IP survey provide further indications of a potential large porphyry system. Our team continues to develop the XP porphyry target through systematic evaluation and geophysical techniques. Widespread mineralization in surface soils and co-incident IP and Magnetic response at depth take us one step closer to defining drill-ready targets. New Brenda is showing signs of being a significant new district-scale grassroots project in a Tier-1 copper district."
Survey Interpretation:
The survey delineates two areas of significant interest. The eastern anomaly shows very high chargeability underneath a previously identified large geochemical and magnetic target over a distance of 1500 m. The chargeability weakens with depth in the inversion but remains highly anomalous to the bottom of the survey (estimated depth of 150 metres). High chargeable values may indicate the presence of disseminated sulphide minerals which are commonly found within and adjacent to porphyry deposits.
The western EM anomaly delineates a broad deeper chargeable zone underneath the 0.67% Cu showing over a distance of 1000 m . The anomaly widens and intensifies with depth from the surface. Wider spacing over this zone will be required to see if the rocks continue to become more chargeable at depth. The lower values around 10-20 msec are within typical range of disseminated chalcopyrite mineralization.
The areas highlighted by the current survey and historical soil and rock sampling are covered with a semicontinuous layer of till overburden and bedrock exposure is limited. The immediate next steps include detailed prospecting of the anomalous area with test pits and soil profile geochemical sampling. Expansion of the current IP survey with parallel IP lines will help delineate the chargeability anomalies and generate a 3D model of the subsurface to define drill targets.
Survey details:
The in-house survey was conducted over 12 days by a team of 6 people lead by Angelica St. Pierre. The time domain (2 seconds on and 2 seconds off) survey was pole-dipole n=8 array with an "a" spacing of 50 metres designed by Martin St. Pierre of ST PIERRE Geoconsultant Inc. The inversion was completed by David Bingham with raw data preprocessed in X2IPI and inverted with the RES2DINV algorithm. On site supervision was by Harley Slade, P. Geo. a director of the company and project manager.
XP Target History
In 2018, a 10m wide outcrop with chalcopyrite mineralization was discovered and a grab sample was taken. The sample contained 0.67% Cu and 46.11 ppm Ag and elevated trace elements such as Bi, Te and U. The sample had pervasive potassic alteration in the form of biotite replacing hornblende and magnetite. Note that rock grab samples are selective samples by nature and, as such, are not necessarily representative of the mineralization hosted across the property.
An airborne magnetic survey was later conducted in 2021 that revealed a large ring-shaped magnetic low anomaly directly underneath the rock sample. A follow up geochemical soil survey was conducted in 2023 which highlighted a polymetallic, Cu, Mo, Ag, Bi anomaly coincident with the interpreted magnetite destruction zone. (see news dated July 24, 2023, November 22, 2022, and January 17, 2022, for further details as posted on the Company's website and SEDAR+)
Qualified Person
Robert Cameron, P. Geo., is the qualified person for the Company as defined in the National Instrument 43-101 and has reviewed the technical information presented within this news release.
About Flow Metals
Flow Metals is a mining exploration company focused on advancing two 100% owned road access projects in established mining districts. New Brenda is a copper-silver-molybdenum porphyry project in British Columbia's Quesnel terrane and Sixtymile is a Yukon gold project in the Sixtymile placer district.
For further information, please contact:
Scott Sheldon, President
604.725.1857
scott@flowmetals.com
Forward-Looking Information
This press release may include "forward-looking information" (as that term is defined by Canadian securities legislation), concerning the Company's business. Forward-looking information is based on certain key expectations and assumptions made by the Company's management, including future plans for the exploration and development of its mineral properties, future production, reserve potential, and events or developments that the Company expects. Although the Company believes that such expectations and assumptions are reasonable, investors should not rely unduly on such forward-looking information as the Company can give no assurance, they will prove to be correct. Forward-looking statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to publicly update any forward-looking information (whether because of new information, future events or results, or otherwise) other than as required by applicable securities laws. There are several risk factors that could cause future results to differ materially from those described herein. Information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at SedarPlus.ca.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
SOURCE: Flow Metals Corp.
Independence Gold Intersects 23.00 Metres of 5.85 g/t Gold and 152.70 g/t Silver in the Ted-Mint Vein System at the 3Ts Project, BC
https://www.newsfilecorp.com/release/213655
June 20, 2024 10:13 AM EDT | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF)
Dolly Varden Silver Intersects 978 g/t Ag over 5.00 meters, Including 3,670 g/t Ag over 0.79m at Moose Vein
https://www.newsfilecorp.com/release/213545
June 19, 2024 8:00 AM EDT | Source: Dolly Varden Silver Corporation
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (FSE: DVQ1)
Grizzly to Acquire the Motherlode Crown Grants in the Greenwood District Precious and Battery Metals Project, BC
https://www.newsfilecorp.com/release/213192
June 17, 2024 9:00 AM EDT | Source: Grizzly Discoveries Inc.
Edmonton, Alberta--(Newsfile Corp. - June 17, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce that it has entered into a purchase agreement (the "Purchase Agreement") with First Majestic Silver Corp. ("First Majestic") to acquire the Motherlode Crown Grants, host to the historical Motherlode, Sunset, Sunrise and Greyhound mines that at various times during the early and middle 1900s produced copper (Cu), gold (Au) and silver (Ag) from both open pit and underground workings (Figures 1 & 2).
The Motherlode Crown Grants comprise 13 Crown Grants that all retain the subsurface mineral rights and date back to the late 1800s early 1900s when they were granted. The Crown Grants cover a number of historical mines, including the Motherlode Mine that produced 76,975,111 pounds of Cu, 173,319 ounces of Au and 688,203 ounces of Ag during the active periods of mining from 1900 to 1920 and then from 1957 to 1962. The Motherlode skarn mineralization is developed in the Triassic Brooklyn Formation sediments (BC Minfile 082ESE034). The Motherlode mine is road accessible and is approximately 2.5 km northwest of the town of Greenwood in British Columbia (Figure 1).
Brian Testo, President and CEO of Grizzly Discoveries, stated, "We are excited to have reached an agreement to acquire the historical Motherlode Mine. We look forward to an aggressive year drilling at the Motherlode Mine and other high-grade gold - silver - copper showings and historical mines in 2024 along with additional exploration for significant battery metals in our current 170,000+ acre land holdings in the Greenwood District."
Figure 1: Land position and targets of interest for future exploration, Greenwood Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/213192_354e07d17495faf2_002full.jpg
Figure 2: Motherlode Crown Grants, Greenwood Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/213192_354e07d17495faf2_003full.jpg
Summary of the terms of the Purchase Agreement:
The Company will cover all costs related to the transfer of the Crown Grants from First Majestic to the Company.
As consideration, Grizzly will issue First Majestic 250,000 common shares of the Company (the "Consideration Shares") upon closing of the transaction.
At closing, the Company will grant a 1% Net Smelter Return (NSR) Royalty on the Crown Grants to First Majestic and retains an option to purchase the NSR Royalty for $250,000 at any time.
The issuance of the Consideration Shares is subject to the acceptance of the TSX Venture Exchange.
The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of precious and base metals properties in southeastern British Columbia. Grizzly is run by a highly experienced junior resource sector management team, who have a track record of advancing exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available under the Company's SEDAR+ profile at www.sedarplus.ca. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
SOURCE: Grizzly Discoveries Inc.
Taseko Mines: Labour Agreement Ratified at Gibraltar Mine
https://www.newswire.ca/news-releases/taseko-mines-labour-agreement-ratified-at-gibraltar-mine-815824429.html
Taseko Mines Limited Jun 19, 2024, 08:00 ET
VANCOUVER, BC, June 19, 2024 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") announced today that the union representing workers at its Gibraltar Mine has now ratified the previously announced tentative agreement. The new agreement will be in place until May 31, 2027.
Gibraltar workers have been recalled and mining operations and milling in concentrator #2 are restarting today. Concentrator #1 will remain idle while the crusher relocation project and other scheduled maintenance is being completed.
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
Caution Regarding Forward-Looking Information
This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
uncertainties about the future market price of copper and the other metals that we produce or may seek to produce;
changes in general economic conditions, the financial markets, inflation and interest rates and in the demand and market price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
uncertainties resulting from the war in Ukraine, and the accompanying international response including economic sanctions levied against Russia, which has disrupted the global economy, created increased volatility in commodity markets (including oil and gas prices), and disrupted international trade and financial markets, all of which have an ongoing and uncertain effect on global economics, supply chains, availability of materials and equipment and execution timelines for project development;
uncertainties about the continuing impact of the novel coronavirus ("COVID-19") and the response of local, provincial, state, federal and international governments to the ongoing threat of COVID-19, on our operations (including our suppliers, customers, supply chains, employees and contractors) and economic conditions generally including rising inflation levels and in particular with respect to the demand for copper and other metals we produce;
inherent risks associated with mining operations, including our current mining operations at Gibraltar, and their potential impact on our ability to achieve our production estimates;
uncertainties as to our ability to control our operating costs, including inflationary cost pressures at Gibraltar without impacting our planned copper production;
the risk of inadequate insurance or inability to obtain insurance to cover material mining or operational risks;
uncertainties related to the feasibility study for Florence copper project (the "Florence Copper Project" or "Florence Copper") that provides estimates of expected or anticipated capital and operating costs, expenditures and economic returns from this mining project, including the impact of inflation on the estimated costs related to the construction of the Florence Copper Project and our other development projects;
the risk that the results from our operations of the Florence Copper production test facility ("PTF") and ongoing engineering work including updated capital and operating costs will negatively impact our estimates for current projected economics for commercial operations at Florence Copper;
uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production and milling;
the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined;
the availability of, and uncertainties relating to the development of, additional financing and infrastructure necessary for the advancement of our development projects, including with respect to our ability to obtain any remaining construction financing potentially needed to move forward with commercial operations at Florence Copper;
our ability to comply with the extensive governmental regulation to which our business is subject;
uncertainties related to our ability to obtain necessary title, licenses and permits for our development projects and project delays due to third party opposition;
our ability to deploy strategic capital and award key contracts to assist with protecting the Florence Copper project execution plan, mitigating inflation risk and the potential impact of supply chain disruptions on our construction schedule and ensuring a smooth transition into construction;
uncertainties related to First Nations claims and consultation issues;
our reliance on rail transportation and port terminals for shipping our copper concentrate production from Gibraltar;
uncertainties related to unexpected judicial or regulatory proceedings;
changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations and mine closure and bonding requirements;
our dependence solely on our 87.5% interest in Gibraltar (as defined below) for revenues and operating cashflows;
our ability to collect payments from customers, extend existing concentrate off-take agreements or enter into new agreements;
environmental issues and liabilities associated with mining including processing and stock piling ore;
labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate our mine, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mine;
environmental hazards and risks associated with climate change, including the potential for damage to infrastructure and stoppages of operations due to forest fires, flooding, drought, or other natural events in the vicinity of our operations;
litigation risks and the inherent uncertainty of litigation, including litigation to which Florence Copper could be subject to;
our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities;
our ability to meet the financial reclamation security requirements for the Gibraltar mine and Florence Project;
the capital intensive nature of our business both to sustain current mining operations and to develop any new projects, including Florence Copper;
our reliance upon key management and operating personnel;
the competitive environment in which we operate;
the effects of forward selling instruments to protect against fluctuations in copper prices, foreign exchange, interest rates or input costs such as fuel;
the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; and Management Discussion and Analysis ("MD&A"), quarterly reports and material change reports filed with and furnished to securities regulators, and those risks which are discussed under the heading "Risk Factors".
For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedarplus.ca, including the "Risk Factors" included in our Annual Information Form.
SOURCE Taseko Mines Limited
For further information on Taseko, see the Company's website at www.tasekomines.com or contact: Investor enquiries Brian Bergot, Vice President, Investor Relations - 778-373-4554; Media enquiries: Sean Magee, Vice President, Corporate Affairs - 778-373-4533
ETRUSCUS PLANS TO DRILL THE DISCOVERY TARGET IN THE GOLDEN TRIANGLE, B.C.
https://www.newswire.ca/news-releases/etruscus-plans-to-drill-the-discovery-target-in-the-golden-triangle-b-c--830830091.html
Etruscus Resources Corp. Jun 19, 2024, 09:00 ET
VANCOUVER, BC, June 19, 2024 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR)
Happy Creek Receives 5-Year Drill Permit for Silverboss Project
https://thenewswire.com/press-releases/1kWVFPo5l-happy-creek-receives-5-year-drill-permit-for-silverboss-project.html
June 19, 2024 – TheNewswire - Vancouver, British Columbia – Happy Creek Minerals Ltd. (TSX-V: HPY) (“Happy Creek” or the “Company”) is pleased to announce that it has received a five-year drill permit on the Company’s Silverboss Project located in the South Cariboo region of British-Columbia.
Highlights
The 100% owned Silverboss Project is a 110 square kilometre group of contiguous mineral claims surrounding the historic Boss Mountain molybdenum-silver mine that produced from 1963 to 1983.
Silverboss is highly prospective for copper, silver, gold, and molybdenum as well as nickel and PGM metals.
The five-year permit for Silverboss allows for up to 30 drill holes, trenching, access trails and related work.
The field program at Silverboss is set to commence in late June
Happy Creek, President and CEO Jason Bahnsen commented “Our exploration program for 2024 is commencing at Silverboss with fieldwork to commence in June. The 2024 exploration program at Silverboss follows up on the large IP anomaly identified in 2012 around the historic Silverboss shaft and adit area. The Company is also currently reviewing exploration plans for its other projects, including the Hel-Art-DL gold, Fox tungsten and Highland Valley copper projects.“
Click Image To View Full Size
Figure 1: Silverboss Project Location
Silverboss Project Targets
The 110-square-kilometre Silverboss property surrounds the past-producing, high-grade, open-pit and underground Boss Mountain molybdenum mine held by Glencore Canada.
Happy Creek’s exploration work on the adjacent Silverboss property has outlined bulk tonnage gold-silver, molybdenum and copper-gold-silver targets that have not been tested by drilling (See Figure 2).
Click Image To View Full Size
Figure 2: Silverboss Targets
Silverboss exploration targets include:
Silverboss Shaft - In 2012, Happy Creek completed an Induced Polarization (IP) survey covering the general Silverboss shaft and adit area. The Induced polarization (IP) survey indicates that at a depth of 200m below surface, an approximate 750m X 400m area with 9 to greater than 15ms chargeability occurs and connects the shaft, adit mineralized zones with the East Breccia and 10 Mile Creek area and is open (See Figure 3).
Click Image To View Full Size
Figure 3: Silverboss Shaft Zone IP Results
Sampling of shaft and adit dump material by Happy Creek has returned values ranging from 0.22 to 9.28 g/t gold, 28.0 to 514.8 g/t silver and up to 6.695 % copper. Beyond the best exposed mineralized zone, sheeted and stockwork quartz veins occur.
East Brecia / 10 Mile Creek - Approximately 350-600 m to the east and southeast of the Shaft zone, are the East Breccia and 10 Mile Creek showings which also contain copper, molybdenum and gold values.
Dogtooth - Approximately 900m southeast of the Shaft, the Dogtooth prospect is a shear-hosted quartz vein that assayed 10.06 g/t gold and 26 g/t silver over 1m width and is open, while widespread rock grab samples from the Dogtooth to the 10 Mile Creek area have returned 0.05 to 53.18 g/t gold and 0.8 to 365 g/t silver within an area of approximately 1 sq km. This large area contains soil anomalies from 12 up to 7,184 ppb gold.
Horse Trail- Is located approximately 1.25km south of the Shaft, and on the other side of recent volcanic lava flows that cover the underlying rocks hosting the mineralization. This target consists of copper, molybdenum, gold values in outcrop rock samples and soil. The 2012 IP survey over this area shows moderate to very strong IP anomalies occur beneath samples containing copper-gold values (See Figure 4).
Click Image To View Full Size
Figure 4 Silverboss Horse Trail Zone IP Results
Gus - The Gus prospect is located in the northern part of the Silverboss property and contains two, sub-parallel northwest trending copper in soil anomalies from 130 to 400 ppm Cu: the northern one covers an area of approximately 2km X 100-150m and the southern one is approximately 1.5km X 250m. Low values of nickel, silver and palladium occur in the northern anomaly which is underlain by gabbro and pyroxenite containing chalcopyrite. The northern Gus anomaly is easily road accessible and is thought to present a magmatic copper-nickel and Platinum Group Element (PGE) style of deposit target.
Drill Permit and Exploration Plan
The Company has received a five-year area-based drill permit for the Silverboss project (“MYAB Permit). The MYAB Permit allows for up to 30 drill pads, trenching, access trails and related work during the permit period.
The Company has designed and permitted a program to include trenching, chip and channel sampling followed by an initial test of identified targets with 1500 m drilling in 10 to 12 relatively short holes. Subject to funding, drilling would include the first ever holes at the Silverboss Shaft, Dogtooth and 10 Mile Creek zones.
Happy Creek is planning to begin the surface trenching and sampling work in June with drilling to follow when the Company has sufficient funding in place.
Qualified Person Statement
The technical and scientific contents of this release have been prepared, verified and approved by David Blann, P.Eng., a director of the Company, and a qualified person pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects.
References and Disclosure
1Note 1 - The reader is cautioned that results or information from an adjacent property does not infer or indicate similar results or information will or does occur on the subject property. Historical information from the subject or adjacent property is based on publicly available information and cannot not be relied upon as the Company’s QP, a term which was created and defined under NI43-101, has not prepared nor verified the historical information.
On behalf of the Board of Directors,
“Jason Bahnsen”
President and Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jason Bahnsen
Telephone: 604-590-1525
Email: info@happycreekminerals.com
About Happy Creek Minerals Ltd.
Happy Creek is focused on making new discoveries and building resources in proximity to infrastructure on the Company’s 100-percent-owned portfolio of diversified metals projects in British Columbia.
Projects include the Highland Valley Project, adjacent to Teck’s Highland Valley Copper Mine that has been in continuous production for over 60 years, the high-grade Fox Tungsten deposit, the Silverboss molybdenum-copper-gold-silver project adjacent to Glencore’s closed Boss Mountain molybdenum mine and the adjacent Hen-Art-DL gold and silver project.
Happy Creek is committed to responsible mineral resource development. The Company’s priority is to build and sustain mutually beneficial relationships with Indigenous Communities in the territories in which the Company explores.
Additional information relating to Happy Creek Minerals Ltd. may be obtained or viewed on the SEDAR+ website at www.sedar.com or on the Company’s website at www.happycreekminerals.com.
Forward Looking Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains "forward-looking information" within the meaning of applicable securities laws, including statements that address capital costs, recovery, grade, and timing of work or plans at the Company’s mineral projects. Forward-looking information may be, but not always, identified by the use of words such as "seek", "anticipate", “foresee”, "plan", "planned", "continue", "expect", “thought to”, "project", "predict", "potential", "targeting", "intends", "believe", “opportunity”, “further” and others, or which describes a goal or action, event or result such as "may", "should", "could", "would", "might" or "will" be undertaken, occur or achieved. Statements also include those that address future mineral production, reserve potential, potential size or scale of a mineralized zone, potential expansion of mineralization, potential type(s) of mining, potential grades as well as to Happy Creek’s ability to fund ongoing expenditure, or assumptions about future metal or mineral prices, currency exchange rates, metallurgical recoveries and grades, favourable operating conditions, access, political stability, obtaining or renewal of existing or required mineral titles, licenses and permits, labour stability, market conditions, availability of equipment, accuracy of any mineral resources, anticipated costs and expenditures. Assumptions may be based on factors and events that are not within the control of Happy Creek and there is no assurance they will prove to be correct. Such forward-looking information involves known and unknown risks, which may cause the actual results to materially differ, and/or any future results expressed or implied by such forward-looking information. Additional information on risks and uncertainties can be found within Financial Statements, Prospectus and other materials found on the Company’s SEDAR profile at www.sedar.com. Although Happy Creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Happy Creek withholds any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia
https://ca.finance.yahoo.com/news/north-bay-resources-announces-composite-130000009.html
North Bay Resources Inc.
Tue, June 18, 2024 at 6:00 a.m. PDT·3 min read
BISHOP, Calif., June 18, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI)
Coast Copper Doubles the Size of its Sully Property Adjacent to PJX Resources
https://www.newswire.ca/news-releases/coast-copper-doubles-the-size-of-its-sully-property-adjacent-to-pjx-resources-834518559.html
Coast Copper Corp. Jun 18, 2024, 08:05 ET
TSX.V: COCO
VANCOUVER, BC, June 18, 2024 /CNW/ - Coast Copper Corp. ("Coast Copper" or the "Company"; (TSXV: COCO) is pleased to announce it has doubled the size of its 100% owned Sully property to 10,852 hectares by staking and entering into five arms-length purchase agreements. The Sully property in southeastern British Columbia ("BC"), Canada, has favorable geology, geophysical magnetic signatures and historical results and occurs to both the north and the east of PJX Resources Inc.'s ("PJX") Dewdney Trail property¹ where they have recently made a new discovery of Sullivan-style base metal mineralization. For more information, please see the Coast Copper news release of February 12, 2024.
NR24-06 Figure 1_Sully Property (CNW Group/Coast Copper Corp.)
The Sully Property is within the Vulcan Tectonic Zone which hosts the Sullivan, Republic, Rossland, Sheep Creek and Pend O'Reille Mining Districts. Highlights from the newly acquired ground include (see Figure 1) ²:
1999 float sample 127613 which returned 5.74 grams per ton ("g/t") gold ("Au"), 1,710 g/t silver ("Ag") and 22.2% copper ("Cu") ³ east of the known Tiger mineral occurrence; and
1999 grab sample 127679 which returned 1.68 g/t Au, 228 g/t Ag, 3.83% Cu, 0.10% lead ("Pb") and 0.43% zinc ("Zn") ³ south of the known Red Zone mineral occurrence; and
1974 chip samples returned 1.4% Cu and 41 g/t Ag over 0.55 meters4 from trench 1 at the Jolly Molly mineral occurrence; and
1975 grab sample B-439 which returned 0.66% Zn and talus samples (B-433 to B-448) returned up to 23.65% Zn, 0.11% Cu4 around the Jolly Molly mineral occurrence; and
1979 rock sample returned 1.31% Cu, 0.06% molybdenum ("Mo") and dump sample returned 0.13% Cu, 0.015% Mo and 0.01% tungsten ("W") 4 around the Jolly Molly mineral occurrence.
Adam Travis Coast Copper CEO comments: "We are pleased to have increased the size of our Sully Property in the historic Sullivan Mining Camp as it is prospective for both Sullivan-style massive sulphides and also copper, gold and molybdenum porphyries associated with Cretaceous aged monzonite and syenite intrusions. Before PJX made their discovery of Sullivan-style mineralization on claims adjacent to ours, they also noted significant, intrusion related gold, copper and silver mineralization with values up to 15.59 g/t Au, 1.11% Cu and 721 g/t Ag (see PJX news release dated November 15, 2022) ¹ ² 5. Consequently, Coast Copper has acquired similar syenite intrusions on the geological trend to PJX's property. While we remain focused on our Empire Mine property, we continue to complete strategic mineral property acquisitions in areas of interest. We look forward to completing our first field program at Sully in the coming weeks and following up on our new geological understanding of the area."
Qualified Persons
The technical information contained in this news release has been prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC), Coast Copper's geological consultant and a Qualified Person ("QP") within the context of the Canadian Securities Administrators' NI 43-101; Standards of Disclosure for Mineral Projects.
About Coast Copper Corp.
Coast Copper's exploration focus is the Empire Mine property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold, and silver. Coast Copper's other properties include its 100% owned Sully property located in southeastern BC, Knob Hill NW property located on northern Vancouver Island, its Home Brew property in central BC, and its Scottie West property located in the "Golden Triangle" of northern BC. Coast Copper's management team continues to review precious and base metals opportunities in western North America.
On Behalf of the Board of Directors:
"Adam Travis"
Adam Travis, Chief Executive Officer and Director
Cautionary Notes related to News Release/Maps
¹ This news release may contain information about adjacent properties on which Coast Copper has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
² Historical information, maps or figures contained in this release regarding Coast Copper's Property or adjacent properties cannot be relied upon as the Company's QP, as defined under NI-43-101 has not prepared nor verified the historical information.
³ A Summary of Reconnaissance Geological Mapping, Prospecting, Rock Chip Sampling and Stream Sediment Sampling Completed on the Tiger 1-14 Mineral Claims, Adam Travis, 1999. PAP99-40. Prospectors Assistance Program.
4 BC Minfile Record Summary. Minfile No 082GNW057, Jolly-Molly. https://minfile.gov.bc.ca/Summary.aspx?minfilno=082GNW057
PJX Resources Inc. News Release dated November 15, 2022. https://pjxresources.com/pjx-resources-discovers-intrusive-related-gold-copper-silver-mineralization-in-sullivan-mining-district/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
SOURCE Coast Copper Corp.
For further information, please contact: Adam Travis, CEO, Coast Copper Corp., 409 Granville Street, Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: adamt @ROB
Canadian Critical Minerals Increases Revenue from Bull River Mine Project
https://www.newsfilecorp.com/release/213190
June 17, 2024 8:00 AM EDT | Source: Canadian Critical Minerals Inc.
Calgary, Alberta--(Newsfile Corp. - June 17, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that revenues for the Company have continued to increase from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of May 2024, the Company trucked 360 wet metric tonnes ("wmt") of mineralized material to New Afton and the Company received a provisional payment of approximately US$103,000 for the May 2024 shipments versus approximately US$72,000 for April 2024 shipments. The mineralized material sent to New Afton graded 3.86% Cu, 0.77 g/t Au and 31.7 g/t Ag.
The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+). During May 2024, the Company operated the sorter on a Monday to Friday dayshift only basis. The Company lost approximately one week of operating time due to a tear in the conveyor belt feeding the ore sorter. The Company will be transitioning to a Monday to Sunday dayshift only operation beginning June 15, 2024, to better utilize the ore sorter and increase daily throughput.
Ian Berzins, President and CEO commented, "We are encouraged by the May 2024 results which represent the highest-grade product produced to-date at the BRM through pre-concentration of stockpiled material. The run of mine mineralized material from the surface stockpile grades 1.39% copper, 0.29 g/t gold and 11 g/t silver so we generated grade improvements of over 265% for all metals using the ore sorter during the month. The stockpile is not totally homogeneous in terms of grade, so we expect to see some fluctuation in results in coming months."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
SOURCE: Canadian Critical Minerals Inc.
Copper Fox Provides Update on Schaft Creek Project
https://www.newsfilecorp.com/release/213166
June 17, 2024 6:00 AM EDT | Source: Copper Fox Metals Inc.
Calgary, Alberta--(Newsfile Corp. - June 17, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to provide an update on the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck Resources Limited ("Teck") is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products.
The 2024 program (see news release dated February 29, 2024) is budgeted at C$18.7 million (funded by Teck) and focuses on furthering technical investigations required to confirm key aspects of the open pit design and continuing environmental baseline studies in alignment with Tahltan Nation's cultural and social traditions. The program is anticipated to allow the project to progress towards the start of the Prefeasibility Study stage.
Highlights
The 2024 field program is underway:
Upgrades to the camp facilities including installation of solar array to supply clean, renewable electrical power are in progress.
The geotechnical drilling program is advancing with two drill rigs to collect additional data in key areas identified in the 2023 Geotechnical Investigation.
Engineering Studies:
The report on the 2023 geotechnical drilling and related geophysical and hydrogeological surveys has been received (see Geotechnical Investigation section below) and is being used to guide the 2024 geotechnical program.
Metallurgical studies are underway with completion expected in Q3 2024, preliminary results are showing opportunities to optimize the processing flowsheet. Studies will include updated metal recovery and grinding projections.
Environmental Studies and Community:
The Environmental Baseline data collection program is underway including surface water, groundwater, fish, meteorology, and glacial surveys.
Archaeological surveys in areas of proposed infrastructure to progress toward final site layout.
Strengthening collaboration and engagement with the Tahltan Nation through the support of educational opportunities, youth athletics and cultural training.
Elmer B. Stewart, President, and CEO of Copper Fox, stated, "The 2024 program is underway and will position the Schaft Creek project to progress toward the start of the Prefeasibility Study stage. Completion of the 2023 Geotechnical Investigation augments the projects geotechnical knowledgebase and makes recommendations for additional data collection and studies to better assess pit slope conditions ahead of updating the current open pit design. In relation to the metallurgy testwork, the preliminary indications from the grinding and metal recovery projections are encouraging, completion of these studies are necessary to define metallurgical performance and optimize the overall processing flowsheet."
Geotechnical Investigation
Piteau Associates Engineering Ltd managed the 2023 Geotechnical Investigation which included geomechanical logging of the 2023 drill core, downhole geophysical surveys, packer testing, vibrating wire piezometer (VWP) installations, field and laboratory rock mechanics testing, data compilation, analysis and preliminary design. Slope design acceptability criteria for the Schaft Creek open pit slope design were developed based on a review of industry standards for open pit slopes, as laid out in "Guidelines for Open Pit Slope Design".
The proposed Schaft Creek open pit is approximately 3.1 kilometers ('km') long and 1.7 km wide, with proposed open pit slopes in excess of 1,200 meters ('m') high. The mine plan is based on a conventional truck-and shovel operation with a 21-year life of mine, producing 1.03 billion tonnes (Bt) of mill feed and 1.03 Bt of waste rock with average grades of 0.26% Cu, 0.16 g/t Au, 0.017% Mo, and 1.23 g/t Ag (Copper Fox 2021 Preliminary Economic Assessment ('PEA')).
As background to the 2023 Geotechnical Investigation, a feasibility-level geotechnical assessment completed in 2013 concluded that the final pit walls would be mainly developed in relatively competent rock with overall slope angles of 40° being considered feasible within the northwest, northeast, east, and southeast design sectors for slope heights ranging from 570 to 1,370 m and overall slope angles of 44° considered feasible within the southwest and west design sectors for slope heights ranging from 380 to 400 m. Recent studies reported in the 2021 PEA on optimization of the project shifted the location of the proposed open pit to the west. The 2023 geotechnical program was completed to support the progression of the geotechnical model for an updated open pit design. The results from the 2023 program indicate that the deposit can be subdivided into 5 separate geotechnical domains, each with recommended pit slope angles, ranging from 39° - 51° and indicating potential for 30 m high benches in the southwestern portions of the pit. Additional drilling is required to confirm the geotechnical design within specific geotechnical domains. These recommendations have been incorporated into the 2024 field program.
Metallurgical Testwork
The metallurgical testwork is being completed by Base Metallurgical Laboratories Ltd., located in Kamloops, British Columbia under the direction of the metallurgical division of Teck. While the preliminary indications from the testwork are encouraging, additional testwork results are pending for a complete characterization of metallurgical performance which will enable optimization of the process plant design. In addition, waste rock and tailings characterization is underway to better understand the variability across the deposit and throughout the mine life.
Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 100% ownerships of the Van Dyke ISCR project, and the Mineral Mountain and Sombrero Butte porphyry copper exploration projects all located in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper project each located in northwestern British Columbia. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact: Fidel Montegu at 1-844-464-2820 or investor@copperfoxmetals.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding results and recommendations of the geotechnical drilling program; collection of geotechnical, metallurgical, environmental data; advancing community engagement; preliminary results of grinding and copper recoveries: and continuing studies related to the metallurgical testwork program.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: results and recommendations of the geotechnical drilling program may not be accurate; the recommendation from the geotechnical drilling may not be completed; collection of geotechnical, metallurgical, environmental data; advancing community engagement may not be completed as expected or at all; preliminary results of grinding and copper recoveries may not be accurate: and the continuing studies related to the metallurgical testwork program may not be completed as expected or at all.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
SOURCE: Copper Fox Metals Inc.
Teuton Resources/Tudor Gold/American Creek: Strategic Plan on Advancing the Treaty Creek Gold and Copper Project, Golden Triangle, British Columbia
https://thenewswire.com/press-releases/1AwGFzb4d-strategic-plan-on-advancing-the-treaty-creek-gold-and-copper-project-golden-triangle-british-columbia.html
Vancouver, Canada – TheNewswire – June 18, 2024 –– Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (Frankfurt:TFE) is pleased to report that Project Operator and Joint Venture (“JV”) partner Tudor Gold ("Tudor") has announced a strategic plan for the upcoming year centered on the Treaty Creek gold and copper project, located in the Golden Triangle of British Columbia.
Key Objectives of the Strategic Plan
Over the next 12 months, Tudor Gold expects to complete the following objectives:
Continue the ongoing exploration and definition drilling program in Q3 2024 and report on results;
Advance the metallurgical program and provide the results of this test work in 2024;
Proceed with preliminary permitting and environmental requirements; and,
Complete a Preliminary Economic Assessment by Q2 2025.
Drilling Update
On May 9, 2024, Tudor Gold initiated a 10,000-meter (m) diamond drilling program at the Goldstorm Deposit, with the primary goal of expanding and upgrading the Mineral Resource Estimate released early this year (April 8, 2024 news release). To date, approximately 4,000 m of drilling, including two drill holes, have been completed on schedule. The first hole GS-24-181 intersected fine to medium-grained visible native gold at 810.5 m. It is believed that this mineralization could be associated to the 300N mineral domain and possibly represents a series of parallel high-grade structures similar to Supercell One (SC-1). Click on the following link to view a photo of the core.
The current drilling program is concentrated on step-out and in-fill drilling within the high-grade SC-1 system, a gold-dominant, quartz-sulfide, breccia-hosted structural corridor. This system remains open to the northwest, north, and east. Tudor Gold plans to further explore this higher-grade zone with continued drilling. Results from the recently completed drill holes will be shared as soon as assay data is received.
Previous drilling results from SC-1 in 2022 and 2023 include the following high-grade gold intercepts:
Hole GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) gold equivalent (AuEQ) (14.89 g/t gold (Au), 4.72 g/t silver (Ag), 0.60% copper (Cu))
Hole GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu)
Including 4.50 m @ 20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu)
Hole GS-23-179: 12.00 m @ 10.07 g/t AuEQ (9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu)
Click the following links to view the corresponding SC-1 plan view map and drill sections.
Metallurgical Studies on the Goldstorm Deposit
The Company is confident that further metallurgical testing will continue to improve on the Goldstorm Deposit. Previously, flotation testing demonstrated that the CS-600 domain can produce a quality copper concentrate with significant quantities of gold.
The ongoing phase of metallurgical test work on the Goldstorm Deposit is progressing well and is focused on improving the outcomes achieved in the previously reported program conducted by Blue Coast Research Ltd. (BCR), under the supervision of Tad Crowie, P. Eng of JDS Energy & Mining Inc. This phase of testing is expected to provide information to be used in a Preliminary Economic Assessment and includes comminution, follow up flotation tests, alternate forms of oxidation, and leaching tests to recover copper and gold.
Preliminary Economic Assessment and Environmental Studies
The initiation of a Preliminary Economic Assessment (PEA) for Treaty Creek’s Goldstorm Deposit is expected to begin in the next quarter, with Tudor Gold aiming to complete this study by Q2 2025. The PEA is anticipated to detail a phased production strategy focusing on exploiting high-grade areas or supercells of the Goldstorm Deposit to maximize the internal rate of return (IRR). To ensure accuracy of the PEA, Tudor Gold will continue to optimize the project and develop a comprehensive strategy to facilitate the permitting process for implementing the best mining methods and phased production strategy. Efforts will also be made to define precise cost estimates to ensure that projected capital expenditures align with prefeasibility study standards, strengthening the project's economic viability and credibility. Additionally, the PEA is expected to establish work programs to guide Tudor Gold towards subsequent stages, including a detailed prefeasibility study to be completed in the future.
Continued environmental studies are being conducted to assist in the economic evaluation and permitting process for the Treaty Creek Project.
Quality Assurance and Control
Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Treaty Creek Project (Under the terms of the Joint Venture, Tudor Gold is solely responsible for funding and carrying out work at Treaty Creek until such time as a production decision is made). Mr. Konkin has reviewed, verified, and approved the scientific and technical information in the Tudor Gold news release dated June 18, 2024. Technical information as presented in this news release by Teuton Resources is consistent with that published in the Tudor Gold release of June 18, 2024.
About Treaty Creek
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling the core land position in 1985. It presently holds a 20% carried interest in the Treaty Creek Project (Tudor Gold is responsible for paying all exploration costs up until such time as a production decision is made and owns a 60% interest; American Creek Resources owns the remaining 20% interest, also carried). Additionally, Teuton owns a 0.98% Net Smelter Royalty in the Goldstorm deposit area as well as in the northern portion of the Perfectstorm zone; within the southern portion of the Perfectstorm zone, Teuton owns a 0.49% NSR with an option to increase that to 1.49% by paying $1 million to the current owner. It also owns numerous additional royalty interests within the Sulphurets Hydrothermal system on formerly 100%-owned properties such as the King Tut, Tuck, High North, Orion, Delta and Fairweather properties (King Tut and Tuck now owned by Newmont Mining; High North, Orion, Delta and Fairweather properties now owned by Goldstorm Metals).
The Treaty Creek Project contains the Goldstorm Deposit (a large gold-copper porphyry system) as well as several other mineralized zones
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest British Columbia and was one of the first companies to adopt what has since become known as the “prospect generator” model. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and in shares of the optionee companies over the past 8 years, has provided Teuton with substantial income.
On Behalf of the Board of Directors of Teuton Resources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Golden Cariboo Intercepts 0.29 g/t Gold over 263.10m (863.2 ft), Including New Zone of 0.68 g/t Gold over 41.85m (137.3 ft) in QGQ24-08
https://thenewswire.com/press-releases/1k49FgVvq-golden-cariboo-intercepts-0-29-g-t-gold-over-263-10m-863-2-ft-including-new-zone-of-0-68-g-t-gold-over-41-85m-137-3-ft-in-qgq24-08.html
June 18, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A042CQ) (FSE:3TZ
Neotech Metals Samples 3.26% TREO at Surface, Begins Summer Exploration Program at its British Columbia TREO Project
https://www.newsfilecorp.com/release/213208
June 17, 2024 4:00 AM EDT | Source: Neotech Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Neotech Metals Corp. (CSE: NTMC) (OTC Pink: NTMFF) (FSE: V690) ("Neotech" or the "Company"), a mineral exploration company, is pleased to announce the return of assay results from its 100% wholly-owned TREO project in British Columbia, Canada, and the commencement of a follow-up exploration program to expand the known zones of mineralization.
Last week, the Company concluded its regional program at the Foothills project, collecting over 695 samples. These samples included biogeochemical, soil, stream, and rock composites. In addition, magnetic susceptibility measurements and ground-based radiometric surveys were undertaken. Samples have been submitted to various labs, and assays are pending.
TREO Project Highlights
Sample 69233, a grab sample taken from outcrop during last year's regional sampling program, is described as "finely bedded limestone with secondary biotite and calcite veins and disseminated iron-oxide and chlorite alteration" returned 3.26% TREO.* Additional samples within the area also returned anomalous values, providing valuable insight and strong direction for this summer's program.
Soil sample coverage is now ongoing to verify and expand known zones of elevated REE values by covering existing historical samples and targeting strong magnetic and radiometric trends from a 2010 survey. Additionally, outcrop mapping and prospecting are also underway to explore for further mineralized zones.
TREO is situated 85 km northeast of Prince George, British Columbia. The property is road-accessible and has railway infrastructure just 25 km north of the main discovery, along with power approximately 55 km to the west by road.
Methodology and Quality Assurance/Quality Control
The analytical work reported herein (sample preparation and analysis) was performed by Activation Laboratories Ltd. ("Actlabs") at their Kamloops, B.C. facilities. Actlabs is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory independent of Neotech Metals and the QP. Samples were dried to 60 degrees Celsius, sieved to keep particles smaller than -177 µm, and analyzed using multi-element Fusion ICP-MS via lithium-borate fusion to determine individual REE content (Actlabs' 4LITHO analysis code). Neotech follows industry-standard procedures for the work carried out on the TREO Project, with a quality assurance/quality control ("QA/QC") program. Samples, including blanks, duplicates, and certified reference material, were systematically inserted both by the Company and Actlabs for analysis. Neotech detected no significant QA/QC issues during the data review.
*TREO (Total Rare-Earth Oxides) has been used to express the combined total of Rare-Earth oxides and is the summation of Ce2O3 + La2O3 + Pr2O3 + Nd2O3 + Sm2O3 + Eu2O3 + Gd2O3 + Tb2O3 + Dy2O3 + Ho2O3 + Er2O3 + Tm2O3 + Yb2O3 + Lu2O3 + Y2O3.
Qualified Person
Technical Information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Ike Osmani, P.Geo., an independent Qualified Person, has reviewed and approved all of the data and calculations made for this news release.
For more information, please contact:
Reagan Glazier, Chief Executive Officer
E-mail: info@neotechmetals.com
Telephone:+1 403-815-6663
About Neotech Metals Corp.
Neotech Metals Corp. is a mineral exploration company dedicated to discovering and developing valuable mineral resources in promising regions around the world. With a strong commitment to environmental stewardship and sustainable practices, Neotech is positioned to make a positive impact while maximizing the potential of its exploration properties.
The Company is based in Vancouver, B.C., and owns 100% of its TREO Rare Earth Element Property, located 85 km northeast of Prince George, British Columbia, and 100% of its Foothills project located near the Monashee Mountain Range. The Company also holds options on the EBB nickel-cobalt property in British Columbia, Canada.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking Information, whether as a result of new Information, future events, or otherwise, except as required by law.
SOURCE: Neotech Metals Corp.
Taseko Announces Tentative Labour Agreement at Gibraltar Mine
https://www.newswire.ca/news-releases/taseko-announces-tentative-labour-agreement-at-gibraltar-mine-820291276.html
Taseko Mines Limited Jun 16, 2024, 13:43 ET
VANCOUVER, BC, June 16, 2024 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") announced today that a tentative agreement has been reached with the unionized workforce at its Gibraltar Mine. The agreement is subject to ratification by union members and voting is expected to occur on Monday and Tuesday this week. If the agreement is ratified, the Company expects to resume operations on Wednesday.
Stuart McDonald
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
Caution Regarding Forward-Looking Information
This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:
uncertainties about the future market price of copper and the other metals that we produce or may seek to produce;
changes in general economic conditions, the financial markets, inflation and interest rates and in the demand and market price for our input costs, such as diesel fuel, reagents, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
uncertainties resulting from the war in Ukraine, and the accompanying international response including economic sanctions levied against Russia, which has disrupted the global economy, created increased volatility in commodity markets (including oil and gas prices), and disrupted international trade and financial markets, all of which have an ongoing and uncertain effect on global economics, supply chains, availability of materials and equipment and execution timelines for project development;
uncertainties about the continuing impact of the novel coronavirus ("COVID-19") and the response of local, provincial, state, federal and international governments to the ongoing threat of COVID-19, on our operations (including our suppliers, customers, supply chains, employees and contractors) and economic conditions generally including rising inflation levels and in particular with respect to the demand for copper and other metals we produce;
inherent risks associated with mining operations, including our current mining operations at Gibraltar, and their potential impact on our ability to achieve our production estimates;
uncertainties as to our ability to control our operating costs, including inflationary cost pressures at Gibraltar without impacting our planned copper production;
the risk of inadequate insurance or inability to obtain insurance to cover material mining or operational risks;
uncertainties related to the feasibility study for Florence copper project (the "Florence Copper Project" or "Florence Copper") that provides estimates of expected or anticipated capital and operating costs, expenditures and economic returns from this mining project, including the impact of inflation on the estimated costs related to the construction of the Florence Copper Project and our other development projects;
the risk that the results from our operations of the Florence Copper production test facility ("PTF") and ongoing engineering work including updated capital and operating costs will negatively impact our estimates for current projected economics for commercial operations at Florence Copper;
uncertainties related to the accuracy of our estimates of Mineral Reserves (as defined below), Mineral Resources (as defined below), production rates and timing of production, future production and future cash and total costs of production and milling;
the risk that we may not be able to expand or replace reserves as our existing mineral reserves are mined;
the availability of, and uncertainties relating to the development of, additional financing and infrastructure necessary for the advancement of our development projects, including with respect to our ability to obtain any remaining construction financing potentially needed to move forward with commercial operations at Florence Copper;
our ability to comply with the extensive governmental regulation to which our business is subject;
uncertainties related to our ability to obtain necessary title, licenses and permits for our development projects and project delays due to third party opposition;
our ability to deploy strategic capital and award key contracts to assist with protecting the Florence Copper project execution plan, mitigating inflation risk and the potential impact of supply chain disruptions on our construction schedule and ensuring a smooth transition into construction;
uncertainties related to First Nations claims and consultation issues;
our reliance on rail transportation and port terminals for shipping our copper concentrate production from Gibraltar;
uncertainties related to unexpected judicial or regulatory proceedings;
changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations and mine closure and bonding requirements;
our dependence solely on our 87.5% interest in Gibraltar (as defined below) for revenues and operating cashflows;
our ability to collect payments from customers, extend existing concentrate off-take agreements or enter into new agreements;
environmental issues and liabilities associated with mining including processing and stock piling ore;
labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate our mine, industrial accidents, equipment failure or other events or occurrences, including third party interference that interrupt the production of minerals in our mine;
environmental hazards and risks associated with climate change, including the potential for damage to infrastructure and stoppages of operations due to forest fires, flooding, drought, or other natural events in the vicinity of our operations;
litigation risks and the inherent uncertainty of litigation, including litigation to which Florence Copper could be subject to;
our actual costs of reclamation and mine closure may exceed our current estimates of these liabilities;
our ability to meet the financial reclamation security requirements for the Gibraltar mine and Florence Project;
the capital intensive nature of our business both to sustain current mining operations and to develop any new projects, including Florence Copper;
our reliance upon key management and operating personnel;
the competitive environment in which we operate;
the effects of forward selling instruments to protect against fluctuations in copper prices, foreign exchange, interest rates or input costs such as fuel;
the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates; and Management Discussion and Analysis ("MD&A"), quarterly reports and material change reports filed with and furnished to securities regulators, and those risks which are discussed under the heading "Risk Factors".
For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedarplus.ca, including the "Risk Factors" included in our Annual Information Form.
SOURCE Taseko Mines Limited
For further information on Taseko, see the Company's website at www.tasekomines.com or contact: Investor enquiries: Brian Bergot, Vice President, Investor Relations - 778-373-4554; Media enquiries: Sean Magee, Vice President, Corporate Affairs - 778-373-4533
Kobrea Commences Field Work at Upland Copper
https://www.newsfilecorp.com/release/213154
June 17, 2024 8:00 AM EDT | Source: Kobrea Exploration Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce that field crews have initiated exploration activities at the Upland Copper Project ("Upland Copper" or the "Project"). The 5,300 hectare, road-accessible project is located 20 kilometres northeast of the town of Barriere and 20 kilometres south of the Taseko Mines Limited's Yellowhead Project in south-central British Columbia. Upland Copper is host to a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit that is open for expansion.
Crews will be completing soil geochemical and passive seismic surveys over the area of historically defined copper mineralization. The soil geochemical survey has been designed to infill historical geochemical surveys and to provide multi-element and precious metal analytical results that have not been collected in the past. The data will aid in targeting higher-grade copper domains as well as precious-metals rich domains which have been intersected in historical drilling. Passive seismic surveys will be completed to ascertain overburden depth where the Company intends to complete future trenching and drilling activities.
About the Upland Copper Project
The Upland Copper Project is located in south-central British Columbia, Canada. The project is host to a bulk-tonnage, remobilized polymetallic volcanogenic massive sulphide deposit that is open to expansion. Historical drilling indicates that mineralization is open to depth, with numerous holes bottoming in copper mineralization including drill hole P-70-9 which averaged 0.32% over the entire 74 metres of the hole. The deepest drilling to date reached a depth of 235 metres.
A 3,700 metre by 1,000 metre area of anomalous copper-in-soils extends south beyond historical drilling approximately 1.5 kilometres, with large portions of the copper-in-soil anomaly untested by drilling. Induced Polarization (IP) surveys completed by previous operators have outlined a 4.0 by 1.2-kilometre chargeability high anomaly that further supports the upside exploration potential of the system.
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea Exploration Corp. and a Qualified Person under National Instrument 43-101. The results contained in this release were completed by previous operators of the Property and the Company has not verified such historical results. Although the Company was not involved in the original work in respect of these results, proper industry data verification procedures appear to have been followed.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "James Hedalen"
James Hedalen
CEO & Director
About Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper Project in British Columbia, Canada.
For more information, please consult the Company's filings, available at www.sedarplus.ca.
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this press release include statements respecting the Company's planned soil geochemical and passive seismic surveys on the Project, and the timing and results thereof; the usefulness of the data generated by such surveys for the Company's future work on the Project; and the upside exploration potential of the Project. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Kobrea Exploration Corp.
Torr Metals Confirms Copper and Gold Mineralization in Outcrop and Expands Geophysical Targeting at Kolos Project
https://ca.finance.yahoo.com/news/torr-metals-confirms-copper-gold-120000559.html
TORR Metals, Inc.
Thu, June 13, 2024 at 5:00 a.m. PDT·7 min read
TMET.V
+18.52%
Figure 1. Kolos Project Area
Kolos Project area with highly anomalous 2023 rock grab samples overlying ZTEM resistivity inversion at 200m vertical depth. Recently identified grassroots exploration target areas are delineated by the red dashed line. A to A’ cross-section line for Figure 2 outlined. Note that gaps in the ZTEM resistivity data were caused by powerline disruption and the location of Highway 5.
Figure 2. ZTEM 3D Resistivity Inversion Model
ZTEM 3D Resistivity Inversion Model voxel slice through the Kirby and Vik Zones. Additional untested geophysical exploration targets annotated to the southwest and northeast together with outlined dimensions of moderate to high resistivity targets that extend to-surface. View looking northwest.
Figure 3. Kolos Project Location
Kolos Project location within the prolific porphyry belt of the Quesnel Terrane in south-central British Columbia. Figure including locations of Late Triassic Alkaline and Calc-Alkaline intrusions modified from Mitchinson et al. 20224. Note comparisons with regional porphyry deposits are not indicative of mineralization on the Kolos Project.
VANCOUVER, British Columbia, June 13, 2024 (GLOBE NEWSWIRE) -- via IBN – Torr Metals Inc. (“Torr” or the "Company") (TSX-V: TMET.V) is pleased to announce the final assay results from the 2023 rock sampling program and delineation of a robust ZTEM geophysical anomaly at the newly-defined Vik Zone, within the eastern portion of the 100% owned 240 km2 Kolos Copper-Gold Project (the “Project”) (Figure 1, Figure 2). Additionally, the Company has completed its early reconnaissance field sampling program that includes coverage over newly acquired ground to the north and east (see May 29, 2024 news release) with assays pending for 27 outcrop and float rock grab samples.
The Vik Zone is a new discovery of copper (Cu) and molybdenum (Mo) mineralization in outcrop, on the margins of one of three highly prospective and untested moderate to high resistivity anomalies identified across a >2.5 kilometer (km) trend (Figure 1). No historical records exist of prior surface mapping or sampling in this area, suggesting significant potential for future grassroots discoveries within similarly unexplored areas of the recently expanded Kolos Project. The Project is located on Highway 5 just 23 kilometers (km) north-northeast of the city of Merritt, British Columbia (Figure 3).
Highlights:
Outcrop Mineralization Coincident with 2023 Soil Anomalies: Recent rock grab samples have confirmed anomalous Cu ± gold (Au) ± Mo in outcrop coincident with 2023 soil sampling (see March 25, 2024 news release) and ZTEM geophysical anomalies. Of a total 47 rock grab samples assayed 22 yielded >100 ppm Cu with 9 samples >500 ppm Cu; the highest value returned 4240 ppm Cu within the Clapperton Zone. A total of 8 rock grab samples returned >0.1 g/t Au with 2 samples >0.2 g/t Au; the highest value of 1.07 g/t Au occurred within the Kirby Zone (Figure 1). Untested outcrop mineralization offers prime starting points, greatly mitigating risk in future drill targeting efforts.
New Robust ZTEM Geophysical Anomalies in the East: Within the Vik Zone anomalous Cu-Mo mineralization occurs in outcrop coincident with the trend of a highly prospective west-dipping moderate to high resistivity anomaly that measures greater than (>) 500 m in width and 800 metres in-depth.
A large high resistivity signature at-depth, interpreted as a potential underlying source intrusion, appears to link the Vik mineral occurrence with a larger (>1.5 km) moderate to high resistivity anomaly coming to the surface to the northeast (Figure 2); planning is in progress for this area to be covered by soil sampling in 2024.
Bolstering Major Copper Discovery Potential: The addition of the Vik Zone brings the total significant zones for copper ± gold mineralization on the Kolos Project to six (including Lodi, Kirby, Ace, Rea, Clapperton). Each zone shows promising coincident surface geochemistry and robust ZTEM geophysical anomalies, the latter reaching kilometer-scale dimensions laterally and vertically.
Immense Untapped Potential: A total of 10 newly defined grassroots targets have been identified in the southern and central portions of the Project area with comparable prospective geology and ZTEM geophysical signatures to the six significant mineralized zones (Figure 1). None of these targets have previously been investigated through exploration or drilling, providing a steady stream of additional road-accessible exploration targets with significant new discovery potential.
"We are strongly encouraged by these promising results, which validate our meticulous exploration strategy at the Kolos Project," commented Malcolm Dorsey, President and CEO. "The rock grab sample grades are in-line with comparisons we have made in the region and we have confirmed surface mineralization in outcrop within all of our high-priority target zones, positioning us with prime starting locations for future drilling. With the recent expansion we have identified and sampled new exploration targets, strengthening our position for the upcoming 2024 field season with potential for multiple new grassroots discoveries in addition to our established drill-ready targets; significantly enhancing the long-term growth potential of our project and driving further value for our shareholders."
1Highland Valley: 338,300,000 tonnes @ 0.31% Cu (P&P), 582,800,000 tonnes @ 0.30% Cu (Measured), 626,700,000 tonnes @ 0.26% Cu (Indicated) and 232,300,000 tonnes @ 0.22% Cu (Inferred). Teck Mineral Resources Annual Information For February 23, 2022 (Teck.com).
2New Afton: 34,087,000 tonnes @ 0.67 g/t Au, 1.69 g/t Ag, 0.73% Cu (P & P), 73,976,000 tonnes @ 0.57 g/t Au, 2.14 g/t Ag, 0.70% Cu (M & I), 10,219,000 tonnes @ 0.33 g/t Au, 1.36 g/t Ag, 0.45% Cu (inferred). New Afton Reserves and Resources Summary December 31, 2023 (Newgold.com).
3Copper Mountain: 367,000,000 tonnes of 0.12 g/t Au, 0.7 g/t Ag, 0.25% Cu (Proven and Probable), 138,000,000 tonnes @ 0.10 g/t Au, 0.7 g/t Ag, 0.21% Cu (M &I), 371,000,000 tonnes @0.13 g/t Au, 0.6 g/t Ag, 0.25% Cu. Copper Mountain January 1, 2024 Mineral Resources (hudbayminerals.com).
4Mitchinson, D.E., Fournier, D., Hart, C.J.R., Astic, T., Cowan, D.C., and Lee, R.G. (2022). Identification of New Porphyry Potential Under Cover in British Columbia. Geoscience BC Report 2022-07, MDRU Publication 457, 97 p.
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. At ALS the “B” horizon soil samples underwent screening to 180 microns under the ALS code PREP-41. The samples were digested using Aqua Regia and analyzed via ICP-MS and ICP-AES using a 25g sample aliquot under the ALS code AuME-TL43. The Company follows industry standard procedures for the work carried out on the Kolos Project. Due to the reconnaissance nature of the soil sampling the Company relied on the internal quality assurance quality control (“QA/QC”) measures of ALS. Torr Metals detected no significant QA/QC issues during review of the data.
Qualified Person
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a consultant to the Company who is a qualified person defined under National Instrument 43-101.
About Torr Metals
Torr Metals, based in Vancouver, British Columbia, is dedicated to advancing its 100% owned, district-scale copper-gold porphyry and orogenic gold projects in highly accessible mining regions of Canada. Each project benefits from excellent existing infrastructure, year-round drilling potential, and low-cost development opportunities. The approximately 240 km² Kolos Copper-Gold Project is located in the prolific copper-producing Quesnel Terrane of south-central British Columbia, with direct access to Highway 5, and is situated 286 km northeast of Vancouver. The approximately 261 km² Filion Gold Project lies within an unexplored gold-bearing greenstone belt, adjacent to the Trans-Canada Highway 11, just 202 km from Timmins, northern Ontario. For more details, please visit the Company's website or view documents filed under the Company's profile on SEDAR at www.sedar.com.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email: malcolmd@torrmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Attachments
Figure 1. Kolos Project Area
Figure 2. ZTEM 3D Resistivity Inversion Model
Figure 3. Kolos Project Location
ETRUSCUS WELCOMES NEW NEIGHBOUR AT ROCK & ROLL PROPERTY AND PROVIDES UPDATE ON RECENT REGIONAL ACTIVITIES
https://www.newswire.ca/news-releases/etruscus-welcomes-new-neighbour-at-rock-amp-roll-property-and-provides-update-on-recent-regional-activities-869845407.html
Etruscus Resources Corp. Jun 13, 2024, 09:00 ET
VANCOUVER, BC, June 13, 2024 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") reports on recent exploration activities surrounding the Company's 100% owned Rock & Roll property (the "Property") located in the prolific Golden Triangle, British Columbia. The upcoming exploration season will see the Company focus its attention on BC where recent staking activity and drill plan announcements by other companies in the area have added a renewed excitement to the Golden Triangle. The priorities for Etruscus this year will focus on several high-value exploration targets on the Property that are primed for discovery.
Map of Etruscus’ Rock & Roll Property with Surrounding Exploration Companies (CNW Group/Etruscus Resources Corp.)
Fiore Aliperti, Etruscus' President and CEO commented, "The recent staking activity surrounding the Rock & Roll property should excite our investors as it validates our long-held belief in the porphyry potential of this underexplored terrain. While glacial retreat presents opportunities for new exposure, it's expected that other discoveries will be made in this highly prospective part of the world, which will benefit us all. With commodity prices staying strong we see market sentiment remaining positive and investor confidence gaining traction." He added, "As the Company's plan for the upcoming season takes shape, it's fantastic to see an increase in scheduled exploration in our region. We look forward to getting back to the Property this summer to continue the development of the Discovery and Heather targets with the goal of drilling this season."
Regional Highlights:
Skeena Resources staked 74,633 hectares (the Hoodoo Property) surrounding Rock & Roll on its West, North and East property borders, and plans to fly a large airborne survey before the exploration season begins;
Skeena has budgeted a 14,000 m regional drilling program over the KSP and Hoodoo projects targeting areas highly prospective for alkalic porphyry deposits;
Seabridge Gold announced a significant drill program of 15,000 m at their 100% owned Iskut Project with a large focus on the new Snip North porphyry discovery only 4 km from the Rock & Roll Property boundary;
Continued work advancing the Galore Creek deposit has road construction 4 km to the north of Etruscus Property. Updated feasibility studies are ongoing; and
Etruscus has been preparing for its 2024 exploration program that will include rock sampling and geophysical work followed by a plan to drill at the Discovery and the Heather Targets.
Long time Golden Triangle explorer and current owner of the Eskay Creek Deposit, Skeena Resources (TSX:SKE), recently completed staking 74,633 hectares ("ha") around the Rock and Roll in one of the largest land acquisitions in the region in recent years (See map above). Known as the Hoodoo Property, this claim block covers an expansive area of underexplored terrain which surrounds a large portion of Rock & Roll and exhibits much of the same geology. This new claim block will be the focus of a large regional exploration program that Skeena is planning to execute in 2024, having announced up to 14,000 m of drilling across the Hoodoo and the KSP properties. These claims were staked for their strong potential for alkalic porphyries like the one responsible for the Galore Creek Deposit, owned in a 50:50 partnership between Teck Resources and Newmont and located only 16 km away from Rock & Roll.
"(The Golden Triangle) is a Tier-1 district that we'll be operating in for the next century," states Tom Palmer, President and CEO of Newmont Mining - BMO global metals and mining conference 2024.
In 2023, Seabridge Gold (TSX:SEA) reported exploration discoveries at the Snip North target which is located 4 km from the Rock & Roll's eastern border. Deep drilling revealed upper-level porphyry indicators including strong gold results returning 277 m of 0.8 g/t Au and 0.07% Cu from the discovery. Although Seabridge continues to work one of the largest undeveloped copper-gold resources in the world at the KSM trend, they have also announced approximately 15,000 m of drilling and a $12 million budget for the 2024 exploration season on the Iskut Property with focus on the Bronson Slope and Snip North targets.
Etruscus would also like to report that it has closed its previously announced $150,000 private placement (see press release May 30, 2024), by the issuance of 1,875,000 common shares at $0.08 per share. There were no warrants issued in the financing and no finders' fees.
About Etruscus
Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The Company's flagship asset is the 100%-owned Rock & Roll Property comprising 29,344 ha near the past producing Snip mine in Northwest B.C.'s prolific Golden Triangle.
Etruscus is traded under the symbol "ETR" on the Canadian Securities Exchange, "ETRUF" on the OTC and "ERR" on the Frankfurt Stock Exchange. Etruscus has 49,960,361 common shares issued and outstanding, including the shares issued in the aforementioned private placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Etruscus Resources Corp.
Company Contact: Fiore Aliperti, President & CEO, E: info @Nathan Carney-9088, W: www.etruscusresources.com
Kingfisher Provides 2024 Phase 1 Exploration Update
https://www.accesswire.com/876687/kingfisher-provides-2024-phase-1-exploration-update
Thursday, 13 June 2024 05:30 AM
VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / Kingfisher Metals Corp. (TSX-V:KFR)(FSE:970)(OTCQB:KGFMF) ("Kingfisher" or the "Company") is pleased to initiate phase 1 exploration for the 2024 field season at the HWY 37, LGM, and Thibert projects in British Columbia.
Highlights
1158 line-km ZTEM airborne geophysical survey at HWY 37 and LGM projects starting late June
VRIFY AI machine learning across HWY 37 and LGM projects underway
ZTEM results will see follow-up mapping and IP surveys on priority targets at HWY 37 and LGM
Soil and till sampling campaign at Thibert Project in June to follow up on prospectivity modeling completed over winter 2023-2024
Dustin Perry, CEO states "We are excited to get started with our 2024 field programs in northern BC. The goal of the ZTEM survey is to fingerprint the known porphyry centers at HWY 37 and LGM projects and discover new systems with the help of VRIFY AI. Following this survey, we will rate and rank targets and follow up with focused mapping and IP surveys. This will all lead into drill targeting for potential new discoveries within our large land position in the prolific Golden Triangle."
HWY 37 Project and LGM Project Summary
The contiguous HWY 37 and LGM projects cover 630 km2 within the prolific Golden Triangle and are host to porphyry, epithermal, and VMS mineralization spanning from the Late Triassic to Mid-Jurassic.
The oldest mineralization on the combined projects belongs to the Galore Creek Suite intrusions (Late Triassic) with silica-undersaturated porphyry Cu-Au mineralization at the Grizzly Target. Galore Creek Suite intrusions are also responsible for the world-class Galore Creek deposit (Teck/Newmont) located 50 km to the west. Historical trenching at Grizzly returned 0.74% Cu and 1.09 g/t Au over 38 m.
Texas Creek intrusions (Early Jurassic) are the most widespread intrusive bodies at the project covering over 25 km accompanied by widespread geochemical anomalies and alteration. Mary, Williams, Rainbow, and Hank mineral systems are all related to these intrusive bodies which are also responsible for mineralization in the Sulphurets District (KSM, Treaty Creek, and Brucejack) and the Snip-Iskut District. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the HWY 37 or LGM projects. Historical drilling on the HWY 37 Project outlined three porphyry centers and one epithermal center.
Figure 1: Regional Overview Map - HWY 37 and LGM Projects
Williams Cu-Au
The Williams porphyry deposit was discovered from 2017-2019 and is highlighted by intercepts such as 0.39 g/t Au and 0.33% Cu over 346.7 m. Williams sits adjacent to the 6 km-long Hank epithermal Au-Ag deposit and outcrops in the valley bottom with potassic alteration at surface. The increased copper to gold ratios at Williams, situated at a low elevation relative other porphyry targets in the district, demonstrates the potential for higher copper grades at depth across the project. Williams lies within a
Mary Cu-Au
The Mary porphyry deposit is highlighted by intercepts such as 0.48 g/t Au and 0.14% Cu over 291.5 m and 0.54 g/t Au and 0.12% Cu over 430.7 m. Drilling has outlined a mineralized trend measuring ~1300 m by 400 m and is interpreted as the upper levels of a large porphyry Cu-Au system where Au to Cu ratios are high. Mary sits within a 3 km-long IP chargeability anomaly greater than 20 mV/V and is also located within an 8 km-long geochemical anomaly.
Rainbow Cu-Au
The Rainbow Cu-Au system outcrops in an area of widespread glacial till cover draped over outcrop. Historical drilling returned 0.76 g/t Au and 0.05 % Cu over 91 m from surface. Limited work has been done to identify the source of this mineralization or the lateral extent of the system beneath till with only 3 drill holes completed in the area.
Hank Au-Ag
The Hank epithermal Au-Ag deposit occurs as a 6 km-long trend of epithermal alteration, mineralization, and geochemical anomalies. Historical drilling has outlined several zones of intermediate to high sulfidation epithermal mineralization ranging from lithocap alteration at the highest elevations to intermediate sulfidation mineralization closer to the valley bottom. Historical intercepts include high-grade intercepts such as 11.63 g/t Au and 13.8 g/t Ag over 20 m, 13.4 g/t Au and 132.4 g/t Ag over 9.1 m, and 133 g/t Au and 263 g/t Ag over 0.8 m. The Company believes there is significant potential to discover high-grade feeder mineralization at Hank given the majority of historical drilling was within 150 m of surface and limited to only one azimuth. Additionally, the Company believes there is potential for discovering a porphyry Cu-Au system at depth below epithermal mineralization.
ZTEM Survey
Geotech Ltd has been contracted to complete at 1253 line-km ZTEM survey over the HWY 37 Project. The airborne survey collects deep penetrating electromagnetic and magnetic data which will be used to fingerprint the known areas of mineralization and unlock buried targets across the project. ZTEM surveys have proven to be highly successful in global exploration for porphyry Cu-Au systems and epithermal Au-Ag systems, with examples including at Pebble, Cobre Panama, and Ana Paula.
VRIFY AI
Kingfisher has engaged VRIFY AI to leverage the power of advanced machine learning models to analyze and identify potential mineral targets at the HWY 37 and LGM projects in northwestern British Columbia's prolific Golden Triangle. Through the use of public and proprietary data sets, VRIFY AI utilizes sophisticated machine learning classifiers to create 3D models of potential mineral targets, incorporating probabilistic values to assess the accuracy of these models. This innovative approach enhances the precision of geological targeting, enabling exploration teams to instantly access and apply machine learning as needed. This allows for more intentional and accurate drilling of known mineral targets while prioritizing exploration targets and discovering previously unidentified mineral prospects. The AI tool ensures unbiased geological targeting and subjective data interpretation, accelerating exploration processes and improving the accuracy of mineral system identification.
Data collected during the Phase 1 exploration program will be continuously fed into the machine learning models leading to improved drill targeting.
IP Surveys and Geological Mapping
Focused exploration work including deep penetrating IP geophysics by Peter E. Wallcot and Associates and geological mapping by Dr. Stephanie Sykora will be completed on targets generated from both the ZTEM survey and VRIFY AI. The goal of these surveys will be to derisk targets prior to drilling.
Thibert Project Summary
The 130 km2 Thibert Project is located approximately 65 km north of Dease Lake, northwest British Columbia and covers an area of significant historical and contemporary placer gold production from Thibert Creek and several tributaries for which the bedrock source has not yet been discovered. The Thibert Project spans 27 km of strike length along the Thibert Shear Zone - a major crustal scale terrane bounding fault system. The project is prospective for Cretaceous orogenic gold mineralization similar to that found in the Juneau Gold Belt in Alaska, the Motherlode District in California, and the Bralorne and Cassiar Districts in British Columbia. The Company notes that mineralization on nearby projects or metal districts is not indicative of mineralization on the Thibert Project.
Prospectivity Modelling
Using the Cassiar Gold District as an analogue, a 3-dimensional gold prospectivity assessment was completed at the Thibert Project. The model generated new prospective domains for bedrock gold discovery - Tier 1 and Tier 2 (Figure 2). Shear zones at Thibert were modelled in 3D based on airborne magnetic data and structural interpretation products from Fathom Geophysics (Figure 3). Structural prospectivity assessment was weighted based on ideal structural geometry (ENE) of sheeted vein arrays at Cassiar. Prospectivity is interpreted to broadly follow the trend of the Thibert shear zone, and geometry of the vein swarms and prospectivity domains are inferred to be ENE in orientation similar to at Cassiar. The most prospective domains (Tier 1) coincide with domains of multiple structural intersections, and Tier 1 coincide with at least one structural intersection.
Soil Sampling Program
The planned soil sampling program in 2024 consists of ~1000 soil samples with samples spaced 25 m apart on lines spaced 250 m apart over two areas of interest that coincide with Tier 1 and Tier 2 prospectivity areas with limited glacial till.
The exploration goal for the soil campaign is to outline significant areas of gold anomalism that will lead to a reconnaissance RAB drill program in the future.
Figure 2: Thibert Project Map
Figure 3: Thibert Project 3D Prospectivity Model
Qualified Person
Dustin Perry, P.Geo., Kingfisher's CEO, is the Company's Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has prepared the technical information presented in this release.
About Kingfisher Metals Corp.
Kingfisher Metals Corp. (https://kingfishermetals.com/) is a Canadian based exploration company focused on underexplored district-scale projects in British Columbia, including the Golden Triangle region. Kingfisher has two 100% owned district-scale projects and an option to earn 100% of the HWY 37 project, that offer potential exposure to gold, copper, silver, and zinc. The Company currently has 40,219,553 shares outstanding.
For further information, please contact:
Dustin Perry, P.Geo.
CEO and Director
Phone: +1 236 358 0054
E-Mail: info@kingfishermetals.com
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property. This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this news release include, among others, statements relating to expectations regarding the projects, and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Kingfisher Metals Corp.
Rokmaster Resources and Kootenay Resources Announce Signing of Definitive Option Agreement
https://www.newswire.ca/news-releases/rokmaster-resources-and-kootenay-resources-announce-signing-of-definitive-option-agreement-895150372.html
Rokmaster Resources Corp. Jun 13, 2024, 06:00 ET
VANCOUVER, BC, June 13, 2024 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "RKR") and Kootenay Resources Inc. (TSXV: KTRI) ("Kootenay Resources" or "KTR") are pleased to announce that further to their joint news release dated May 15, 2024, Rokmaster and Kootenay Resources have entered into a definitive option agreement (the "Option Agreement") with respect to the road accessible Fox-Coconut and Mystery Properties, which are both located south of Highway 16 between Prince George and Smithers in west-central British Columbia (collectively, the "Properties") (Figure 1).
Nechako Project (CNW Group/Rokmaster Resources Corp.)
Terms of the Option Agreement:
For RKR to be granted the option to acquire a 60% interest in the Properties, RKR must:
Incur $142,000 of exploration work on the Properties prior to September 18, 2024;
Commencing on the first anniversary date of the Option Agreement, issuing to KTR 500,000 common shares of RKR each year on or before each of the first, second, third and fourth anniversary dates of the Option Agreement; and
On or prior to the fourth anniversary date of the Option Agreement, RKR having completed a total of 10,000 metres of diamond drilling on any or all of the Properties.
Once Rokmaster has acquired the initial 60% interest, (the "Initial Interest"), KTR would grant RKR an exclusive option (the "Second Option") to acquire the remaining 40% interest in the Properties (the "Second Interest") by issuing an additional 5,000,000 common shares of RKR to KTR within 60 days of having acquired the Initial Interest.
Upon RKR acquiring the Second Interest, RKR would grant KTR a 1.5% net smelter returns royalty (the "Royalty") in respect of the Mystery and Coconut group of mining claims. The Fox group of mineral claims have an existing underlying 2% net smelter returns royalty (the "Underlying Royalty"), and KTR has the right to buy back the entirety of such Underlying Royalty at any time at a price of $500,000 per 0.5% (the "Buy Back Right"). Should KTR buy back the entirety of such Underlying Royalty within 90 days after the date of the commencement of commercial production on the Fox group of claims, then RKR would also grant KTR the Royalty on such claims. If KTR does not so exercise the Buy Back Right, then KTR would transfer it to RKR.
Closing of the transaction is subject to receipt of all requisite regulatory approvals.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
Kootenay Resources Inc.
John Mirko,
James McDonald,
President & Chief Executive Officer
President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's or Kootenay Resources operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
SOURCE Rokmaster Resources Corp.
For more information please contact: Mr. John Mirko, President & CEO of Rokmaster Resources Corp., jmirko @greenehugh or by website: www.rokmaster.com; For shareholder information please contact: Mike Kordysz, mkordysz @kronod 4; James McDonald, CEO and President of Kootenay Resources Inc. at +1(403)880-6016, or visit: www.kootenayresources.com
District Copper Adds More Claims to Copper Keg Project in British Columbia
https://www.newsfilecorp.com/release/212593
June 12, 2024 8:30 AM EDT | Source: District Copper Corp
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - District Copper Corp. (TSXV: DCOP) ("District Copper", "District", or the "Company") is pleased to report that it has added 3 new claims to its highly prospective the Copper Keg project. The Copper Keg porphyry copper project is located approximately 55 kms west of Kamloops British Columbia. The property now covers approximately 6,628 ha, an increase of over 20% to the land holdings. The property is located at the north end of the Guichon Creek batholith which hosts Teck's Highland Valley Copper operations.
Two of the new claims cover extensions of the Guichon Creek Batholith across the Thompson River where multiple historic soil geochemistry anomalies occur. The third claim lies in the centre of the property.
The company is currently developing an exploration program for the upcoming field season.
Jevin Werbes, President and CEO of District Copper, commented, "We are pleased to have added these additional claims to the Copper Keg as these now give District Copper complete control over the porphyry target and the associated anomalies."
Acquisition Terms
$20,000 cash ($5,000 on signing, balance on TSX-V approval
1,500,000 shares upon TSX-V approval
2% NSR with 50% purchasable for $1,000,000
About the Copper Keg property
Historical exploration spans from the late 1800's to 2012. The early stage exploration is reported to consist of mining high grade copper veins.
The property exhibits the geochemical/alteration/lithologic features typical of the argillic altered potion of a porphyry copper system at/along the potassic/propylitic contact. The property is characterized by a large, pyrite bearing, argillic zone exposed along the surface trace of the Barnes Creek fault, a major NNW trending that crosses the Guichon Creek Batholith. The high-grade copper veins noted above, reflect supergene enrichment of distal base metal veins typically associated with a porphyry copper system.
Mapping has described pale grey-green (possibly phyllic alteration) outcrops of Guichon intrusive and late-stage Quartz Feldspar and Quartz Feldspar Hornblende dikes indicating multi-phase intrusive activity. The hydrothermal alteration is post Guichon intrusive and pre-dates the late-stage intrusive dikes.
The erratic and wide range of copper values (0.025 to 0.76%), in the gossanous (after pyrite), argillic altered zone, exhibit characteristics typical of a leach cap to a porphyry system.
The project is underlain by an intrusive phase of the Guichon Creek batholith intruded the surrounding Nicola Group rocks.
Petrographic work and K/Al: Na/Al ratios indicate an alteration package ranging from argillic-phyllic- potassic (all alteration phases associated with porphyry copper systems) supported by alteration minerals indicative of the inner actinolite subzone of a porphyry system as well as secondary biotite (Potassic alteration) and sericite (phyllic alteration), quartz veinlets with pyrite and chalcopyrite.
A large pyritic zone exhibits spatial association with the argillic altered zone and could be representative of what is commonly referred to in porphyry copper terms as the "pyrite shell". Chalcopyrite, bornite and malachite (secondary copper carbonate) have been observed in outcrop and support the presence of a porphyry system.
Two highly altered gossans have been identified along the interpreted trace of the Barnes Creek fault, a major structure within the Guichon Creek batholith. The first area (800m long by 200m wide); the second area is 600 m south and smaller in extent. These gossans exhibit erratic copper concentrations, weak copper-silver soil anomalies and copper mineralogy typical of a leach cap.
Since the Company acquired the property in 2021, it has completed mapping and prospecting, soil sampling, and ground and airborne geophysical programs. Results from this work are consistent with the presence of a leach cap to a porphyry system.
Qualified Person
Chris M. Healey, P.Geo., Chief Geologist, and a Director of District Copper Corp., is the qualified person under NI 43-101 guidelines who is responsible for the technical content of this release and approves its release.
About District Copper
District Copper is a Canadian company engaged in the exploration for porphyry copper deposits in south-central British Columbia.
For further information, please visit www.districtcoppercorp.com to view the Company's profile or contact Jevin Werbes at 604-363-2506.
Jevin Werbes, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.
Cautionary Statement on Forward-Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". Actual results may differ materially from those indicated by such statements. All statements, other than historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
In connection with the forward-looking information contained in this news release, District Copper has made numerous assumptions regarding, among other things: the geological advice that District Copper has received is reliable and is based upon practices and methodologies which are consistent with industry standards and the reliability of historical reports. While District Copper considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause District Copper's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the dimensions and shape of the mineralized areas may not be as estimated; the targets outlined by the MVI study may not be associated with felsic intrusives porphyry style alteration or mineralization; the proposed surface program may eliminate these areas as potential targets for future exploration; the NNW trending structures may not contain indications of magnetite destruction typical of hydrothermal alteration; uncertainties relating to interpretation of the outcrop sampling results; the geology, continuity, and concentration of the mineralization; the financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals.
A more complete discussion of the risks and uncertainties facing District Copper is disclosed in District Copper's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and District Copper disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
NOT FOR US DISTRIBUTION OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
SOURCE: District Copper Corp
Taranis Executes Drilling Contract to Conduct Deep Drilling at Thor
Thttps://www.accesswire.com/876219/taranis-executes-drilling-contract-to-conduct-deep-drilling-at-thor
uesday, 11 June 2024 03:10 PM
ESTES PARK, CO / ACCESSWIRE / June 11, 2024 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is providing an update on its 2024 exploration program at Thor.
Deep Drilling Program
The Company has engaged Atlas Diamond Drilling ("Atlas", of Kamloops, British Columbia) to conduct drilling at Thor on several deep-seated drill targets. Atlas completed drilling in 2018 at Thor and is familiar with the terrain and project conditions.
There are two primary targets that will be explored with deep drilling; both having the potential to discover large, bulk mineable deposits:
Intrusive Target - A large 1,300 m x 1,000 m diameter priapic-shaped magnetic-low capped by a magnetite-rich cupola. Limited outcropping related to the periphery of this feature in Broadview Creek show extensive epidote and chlorite alteration accompanied by banded magnetite and amphibole minerals. This unit is also characterized by potassium enrichment, and various feldspar minerals including plagioclase and orthoclase.
Tusks - Two conductive features approximately 3 km long each are spatially located around the Intrusive Target. The conductive Tusks do not outcrop at surface, and their geometric disposition suggests they are hypogene alteration related to the Intrusive Target, such as carbonate and sulfide mineralization. These conductive Tusks frequently exhibit bulges upwards into areas of high-grade mineralization such as at the Broadview Mine suggestive of a connection between the epithermal mineralization, the Tusks and also the intrusive Target.
About Taranis and Thor
Taranis Resources Inc. is a Canadian mineral exploration company. The Thor Project is located in southeast British Columbia, and is comprised of 3,807 hectares of Mineral Tenures and 27 Crown Grant titles to precious and base minerals, many of which include surface rights. Thor is a brownfield mine site, having been mined on a small-scale since as early as 1896. Taranis has demonstrated via extensive diamond drilling that the historical mines are connected as part of a much larger mineralized system. Taranis has completed upwards of 250 drill holes and linked all of the previously known mines into a single, near-surface epithermal deposit that has been recently updated into a NI 43-101 Mineral Resource Estimate. Taranis is now undertaking deep drilling which aims to prove or disprove the presence of a large intrusion-related deposit connected to the known near-surface epithermal veins. Such linked epithermal-porphyry deposits are often world-class sources of critical and precious metals.
Qualified Person
Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is a principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.
For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com.
Taranis currently has 97,087,027 shares issued and outstanding (109,262,027 shares on a fully-diluted basis).
TARANIS RESOURCES INC.
Per: John J. Gardiner (P. Geo.)
President and CEO
For further information contact:
John J. Gardiner
681 Conifer Lane
Estes Park, Colorado 80517
Phone: (303) 716-5922
Cell: (720) 209-3049
johnjgardiner@earthlink.net
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.
SOURCE: Taranis Resources, Inc.
Topic:
Company Update
Related Documents:
Taranis_NR_June_11_Final1
Almaden to Pursue International Arbitration Against Mexico; Moves to Drop Mexican Lawsuits
https://ca.finance.yahoo.com/news/almaden-pursue-international-arbitration-against-110000436.html
Almaden Minerals Ltd.
Tue, June 11, 2024 at 4:00 a.m. PDT·2 min read
AAUAF
0.00%
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) announces that further to its press release of March 14, 2024, it has taken the decision to submit its claims to arbitration against the United Mexican States (“Mexico”) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”). This decision comes after a consultation meeting held with Mexican officials on May 30, 2024 that did not result in an amicable resolution of the Company’s investment dispute with Mexico. The Company expects to initiate its claims following expiry of the six-month consultation period required under the CPTPP, which commenced on December 14, 2023 (see Almaden press release of December 14, 2023).
A requirement for submitting a claim to arbitration under the CPTPP is that the Company waive its rights to continue legal action in domestic (Mexican) courts. Almaden has therefore instructed Mexican counsel to withdraw from its legal challenge in the Mexican Federal Administrative Court (“TFJA”, see press release of October 16, 2023) and other legal proceedings challenging Mexico’s decisions in respect of the Company’s mineral claims.
Discontinuing the Mexican legal actions will allow Almaden to focus on the arbitration under the CPTPP, which will be adjudicated pursuant to the arbitration rules of the International Centre for Settlement of Investment Disputes (“ICSID”). As noted in the Company’s press release of March 14, 2024, Almaden is pursuing this arbitration together with Almadex Minerals Ltd., on behalf of themselves and their Mexican subsidiaries, and based on a preliminary estimate will be seeking damages of no less than US$200 million, in the aggregate.
“J. Duane Poliquin”
J. Duane Poliquin
Chair
Almaden Minerals Ltd.
Safe Harbor Statement
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the nature and potential results of any future consultation, negotiations or settlement between the Company and Mexico, the withdrawal of the Company’s legal challenges before the Mexican courts, the Company’s submission of a CPTPP claim under the ICSID rules, the result and damages of such CPTPP claim before the arbitral tribunal, and related timing of each.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory, business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include: stability and predictability in Mexico’s consultation process under the CPTPP; stability and predictability in the application of the CPTPP and arbitral decisions thereon; and continued respect for the rule of law in Mexico. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risks related to: Mexico’s consultation process under the CPTPP; the application of the CPTPP and arbitral decisions thereon; the financial costs associated with filing a claim to arbitration under the CPTPP; continued respect for the rule of law in Mexico; political risk in Mexico; crime and violence in Mexico; corruption in Mexico; and changes in the application of standards pursuant to existing laws and regulations; as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form 20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to on forward-looking statements or information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: info@almadenminerals.com
http://www.almadenminerals.com/
Kodiak Begins 2024 Exploration Program at its MPD Copper Gold Porphyry Project
https://www.newsfilecorp.com/release/212542
June 12, 2024 6:30 AM EDT | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports that the Company is mobilizing two drill rigs to start the 2024 Exploration Program at its 100% owned MPD copper-gold porphyry project in southern British Columbia.
2024 Exploration Program Highlights (see news release May 8, 2024)
Kodiak is planning a drill program of 10,000 metres, focused on multiple drill-ready targets in the MPD North and South Project areas, with the goal of locating high-grade mineralization, expanding the near-surface mineralization around known zones, and making new discoveries.
Six target areas are slated for drilling in 2024: two at MPD North (Belcarra and Blue) and four at MPD South (1516, South, Adit and Celeste). The targeting strategy involves the integration of targets developed by Kodiak's exploration team and VRIFY AI's predictive modeling. Figure 1
VRIFY AI has recognized nine additional Areas of Interest, either adjacent to known copper-porphyry zones (Gamma, Zeta, Epsilon, Lambda, Omega and Sigma), or as new priority regions (Omicron, Iota and Tau) which will be followed up in 2024. Figures 2 and 3
25-line kilometres of new 3D Induced Polarization (3D IP) surveying and a 2,000-sample soil geochemical survey is proposed to advance VRIFY AI Areas of Interest to drill-readiness. Geological mapping and prospecting will also be carried out in key areas.
Regional exploration in 2023 identified five new targets at MPD (see news release February 21, 2024): Agie, Leeside, Celeste, Orbit and Comet. Additional ground exploration will advance these for future drill testing.
Claudia Tornquist, President and CEO of Kodiak said, "With Kodiak's recently announced financing we will be fully funded for a substantial drill program as we continue to systematically prove that our district-scale MPD project has the potential to become a world-class mine. For our 2024 program we have prioritized high-confidence targets near existing zones to expand mineralization, and new targets that present fresh discovery potential. We will continue to build critical mass and focus particularly on adding and expanding near-surface mineralization and higher-grade zones."
Figure 1: 2024 Target Location Map - MPD Project, Southern BC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/212542_68a15401946c580f_002full.jpg
Figure 2: Screenshot of VRIFY AI 3D geo-targeting model at MPD North (looking northeast) showing five new prospective areas (yellow text). VRIFY Areas of Interest occur adjacent to known mineralized zones (Epsilon , Gamma, and Zeta), or as new regions for follow-up in 2024 (Omicron and Iota). Peaks and heat map colours rank the AI models for Cu-Au mineralization. AI results associated with Cu-Au mineralization from Kodiak zones (yellow spheres) and historic zones (red spheres) have been removed from the image to highlight new VRIFY Areas of Interest.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/212542_68a15401946c580f_003full.jpg
Figure 3: Screenshot of VRIFY AI 3D geo-targeting model at MPD South (looking south) showing four new prospective areas (yellow text). VRIFY Areas of Interest occur adjacent or along trend of known mineralized zones (Lambda, Omega and Sigma), or as new regions for follow-up in 2024 (Tau). Peaks and heat map colours rank the AI models for Cu-Au mineralization. AI results associated with Cu-Au mineralization from Kodiak zones (yellow spheres) and historic zones (red spheres) have been removed from the image to highlight new VRIFY Areas of Interest.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/212542_68a15401946c580f_004full.jpg
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in the VRIFY AI mineral targeting software and information contained in this news release. The historic work referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation and select verification work. However, the Company has not independently validated all historic work, and the reader cautioned about its accuracy.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a major, multi-centered porphyry system. Kodiak made an initial discovery of a high-grade porphyry centre of significant size at the Gate Zone and has since successfully outlined multiple kilometre-scale mineralized zones across the large MPD property. With more target areas yet to be tested, Kodiak continues to systematically explore the project to build critical mass and demonstrate MPD's district-scale potential. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
SOURCE: Kodiak Copper Corp.
Pacific Ridge Announces 2024 Exploration Plans Including Inaugural Drill Program at Chuchi Copper-Gold Project In B.C.
https://www.newsfilecorp.com/release/211853
June 06, 2024 7:30 AM EDT | Source: Pacific Ridge Exploration Ltd.
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN)
Energy Plug Inks First Battery Deal with Ximen Mining
https://www.newsfilecorp.com/release/212411
June 11, 2024 9:29 AM EDT | Source: Energy Plug Technologies Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), an energy technology company dedicated to innovation and sustainability, is excited to announce the signing of its first battery contract with Ximen Mining Corp. (TSXV: XIM) ("Ximen") to install a 20kWh Battery Energy Storage System ("BESS") at Ximen's Kenville Gold Mine in Nelson, BC.
Reference Image for a Battery Storage System
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7112/212411_ximen_release_20kwh_bess.jpeg
Earlier this year, Energy Plug announced an agreement for a two-phase clean electricity generation program with Ximen to design, power and generate energy for the Kenville Gold Mine, leveraging renewable power sources including solar and hydropower. During the program's first phase, Energy Plug will supply and support the installation of a solar power-connected 20kWh Lithium-Iron Phosphate battery application helping Ximen avoid black and brown outs while reducing their overall diesel consumption helping with its net-zero targets.
"Energy Plug is committed to helping organizations of all sizes tap into battery storage technologies to support climate objectives and reduce energy costs," said Broderick Gunning, Energy Plug President & CEO. "We're pleased to be working alongside Ximen to deliver a clean energy program that will support its critical infrastructure and balance its energy supply with renewable energy sources, validating the important role of BESS for sustainable energy."
The second phase of the energy program is expected to include the installation of a 100kWh BESS at the Kenville Gold Mine. The BESS systems will be designed to accommodate high power consumption equipment including compressors and ventilation systems. Once installed, the BESS system will allow Ximen to store energy during off-peak hours and supply it back during peak load periods, increasing the energy efficiency of the mine site, and reducing strain on the site's grid system.
"When we looked to expand our clean energy program to support Kenville Gold Mine operations, Energy Plug was a natural fit," said Christopher R. Anderson, President, CEO and Director, Ximen. "Energy Plug's technology will integrate seamlessly within our existing infrastructure, providing critical support for our energy system and enabling us to make significant progress toward our net zero objectives."
Phase one installations are expected to be completed throughout the summer and will generate twenty-five thousand dollars in revenue per 20kWh unit delivered for Energy Plug. Phase two is expected to launch in Q4 of this year. For more information about the program, visit: https://www.ximenminingcorp.com/project/kenville-gold-mine/.
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and sustainability. With a focus on assembling customized Lithium Iron Phosphate Battery packs, we cater to a diverse range of residential, commercial, and industrial storage needs. Our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with local Indigenous communities, and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen's two Gold projects are The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "will", "proposes", "expects", "estimates", "intends", "anticipates" or "believes", "aim", or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding any objectives and strategies of the Company) are forward-looking information.
The forward-looking information in this news release includes but is not limited to the statements about intended strategic partnerships with indigenous communities across Canada and the completion of phase one and phase two of the project with Ximen.
The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors, including, but not limited to:
the ability to finalize the joint venture agreement with the Malahat First Nation;
obtaining financing;
obtaining permits;
ability to build the battery assembly factory;
ability to secure suppliers of batteries and obtaining batteries at desired prices;
supply chain disruptions;
technological obsolescence;
changing government, plans, policies regarding clean energy, batteries, electric vehicles and other electric transportation devices;
elimination or reduction of government subsidies for electric vehicles and other electric transportation devices, solar panels, and wind power installations;
changes in the Canadian and/or the U.S Government policies, rules and regulations; and
potential war conflicts which may disrupt supply of the components required to produce batteries.
The material assumptions used to develop forward-looking information include, but not limited to:
General business and economic conditions;
Financial markets conditions;
The Company's ability to fund its operations through financings and joint ventures;
Procurement of consulting, technical and related services and supplies on favourable terms;
Attraction and retention of key staff members;
Market demand for the Company's products;
Growth prospects in the market for its products;
Accessibility of raw materials and battery pack supplies to meet market demand;
Facility profitability;
The anticipated terms of the consents, permits and authorizations necessary to carry out the planned operations and the Company's ability to comply with such terms on a cost-effective basis; and
The ongoing relations with the industry regulators.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investment in the securities of the Company is risky.
Energy Plug is continuing its structuring analysis and negotiation of the partnership agreement with the Malahat First Nation. There is no assurance that such partnership agreement will be formalized or the final terms thereof. Execution of the partnership agreement is subject to a number of factors, including further negotiation by the parties regarding all of the terms of the partnership.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 - 130 King Street West, Toronto, ON M5X 1E3
John Boidman: jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
Media Contact
Perri Burrage
Account Manager, DGPR
+1 587 577 1337
perri.burrage@dg-pr.com
SOURCE: Energy Plug Technologies Corp.
Golden Cariboo Resources: Intercept of 0.58 g/tonne Gold Over 61.40m (201 feet) on North Hixon Zone with Additional Gold Mineralization Above and Below at the Quesnelle Gold Quartz Mine Property
https://thenewswire.com/press-releases/1A8vF2lbg-intercept-of-0-58-g-tonne-gold-over-61-40m-201-feet-on-north-hixon-zone-with-additional-gold-mineralization-above-and-below-at-the-quesnelle-gold-quartz-mine-property.html
June 11, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A042CQ) (FSE:3TZ)
American Eagle Adds Second Drill; Provides Drilling Update
https://www.newsfilecorp.com/release/212253
June 10, 2024 6:00 AM EDT | Source: American Eagle Gold Corp.
Toronto, Ontario--(Newsfile Corp. - June 10, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF)
Trailbreaker Completes Inaugural Diamond Drill Program at the Liberty Copper Property
https://ca.finance.yahoo.com/news/trailbreaker-completes-inaugural-diamond-drill-114500219.html
Trailbreaker Resources Ltd.
Mon, June 10, 2024 at 4:45 a.m. PDT·4 min read
APRAF
0.00%
VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V)
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First "New" Gold Mine to Open in BC for 10 Years -
QR Mine one of BC large gold mines -
investorshub.advfn.com/boards/board.aspx
investorshub.advfn.com/boards/board.aspx
British Columbia (B.C.) is positioned to become a powerhouse province in the commodity boom that has just begun.
investorshub.advfn.com/boards/board.aspwww.cambridgehouse.ca/ch_jan2009.html
www.ivarkreuger.com/metalcharts.htm www.minesite.com/companies/comp_single/company/cross-lake-minerals.html
www.bcadventure.com/adventure/explore/cariboo/cities/quesnel.htm
www.city.quesnel.bc.ca/Community/history.asp
Map of BC mining plays etc. (Not a company list.)
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/OpenFiles/2010/Documents/OF2010-1.pdf
Major Exploration Programs NW Region (Companies are listed).
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/2009_NW.pdf
The Big Picture
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/BCExploration-and-Mining2009.pdf
Mineral Exploration Roundup 2009
January 26 - 29, 2009 - Westin Bayshore Vancouver
Pre registration for the conference is now closed.
If you wish to register for the conference, you will need to register on-site at the Westin Bayshore. On-site registration hours are available here.
Limited Tickets Remaining for the Luncheons and Awards Dinner!
There are a limited number of tickets remaining for our popular keynote events. Although registration for the conference has now closed we are offering the opportunity to purchase tickets to the special events by phone.
To purchase event tickets please call 604.689.5271 x 239.
Tickets Available:
AME BC Health and Safety Awards Luncheon
Keynote Speaker: Robin Sheremeta, General Manager & Team Leader, Safety Performance, Teck Coal Limited Elkview Operations
www.investcom.com/moneyshow/gold_cariboo.htm
www.crosslakeminerals.com/i/pdf/Presentation.pdf
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
www.amebc.ca/
The news focuses on mining in BC, Canada and the International arena. ... News or to find out how to become a subscriber, contact us: mabcinfo@mining.bc.ca ...
http://www.mining.bc.ca/news_events/news.htm
The NBK Institute of Mining Engineering is constantly improving the services that we offer to both the academic community and the general public.
http://www.mining.ubc.ca/
Let Intierra assist you in all of your information
mapping requirements
intierramapping.com/index.asp
http://gateway.cotr.bc.ca/Default.asp
World www.goldstandardinstitute.com/index.html
2010 Worldwide Mining Events Calendar
http://www.infomine.com/events/calendar/2010/
Resource Investment Conference -
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
Useful PM related sites:
http://www.24hgold.com/
http://www.jsmineset.com/
http://www.marketwatch.com/
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.dailyreckoning.com/
http://www.goldenbar.com/
http://www.silver-investor.com/
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com/
http://www.fgmr.com/
http://www.goldensextant.com/
http://www.goldismoney.info/index.html
http://www.howestreet.com/
http://www.depression2.tv/
http://www.un-debt.net/
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com/
http://www.miningstocks.com/
http://www.mineralstox.com/
http://www.freemarketnews.com/
http://www.321gold.com/
http://www.silverseek.com/
http://www.investmentrarities.com/
http://www.kereport.com/ (Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm (in Spanish)
http://www.plata.com.mx/plata/plata/english.htm (in English)
http://www.resourceinvestor.com/
http://www.miningmx.com/
http://www.prudentbear.com/
http://www.dollarcollapse.com/
http://www.kitcocasey.com/
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
http://www.goldcore.com/
http://coininfo.com/
http://www.insidegold.com/
http://www.goldmau.com/
http://www.milesfranklin.com/
http://www.silverminers.com/
http://www.gold-speculator.com/
http://bullion.nwtmint.com/
http://www.preciousmetalsmonthly.com/
http://www.silverstockreport.com/
http://www.longwavegroup.com/
http://theaureport.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.marketforceanalysis.com/
http://www.hsletter.com/
http://www.interventionalanalysis.com/
http://www.investmentindicators.com/
http://www.caseyresearch.com/
http://www.deepcaster.com/
http://www.vrtrader.net/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
http://cambridgehouse.com/
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