Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Cariboo Rose Regains 100% interest in Carruthers Pass
https://thenewswire.com/press-releases/1kx7F3vOj-cariboo-rose-regains-100-interest-in-carruthers-pass.html
Vancouver, BC, April 12, 2024, TheNewswire, Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) has been advised by Vizsla Copper Corp. (“Vizsla Copper”) (TSX-V: VCU) that Vizsla Copper is terminating its option on the Carruthers Pass volcanic massive sulfide project located in northern British Columbia to enable it to focus on its porphyry copper gold projects located in southern British Columbia; particularly Woodjam.
Carruthers Pass is a shale hosted massive sulfide project (base, precious metals and cobalt), discovered in 1997 by Freeport McMoRan Copper and Gold. In 2003 Cariboo Rose Resources Ltd. acquired the right to Carruthers Pass through an option agreement with Freeport (then Phelps Dodge Corporation) and earned a 100% interest in the project in 2011 through completion of a series of cash and share payments, work commitments, and back in privileges (subject to a 2.5% net smelter interest reducible to 1.0% for $1.5M in favor of Franco-Nevada Corporation).
Most significant to Carruthers Pass is a large mass of mineralized rock protruding from talus below gossanous cliffs in the upper reaches of a valley. In 2011 the mineralized mass was core drilled yielding an intercept of 3.1 meters grading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver before the drill bit passed out of mineralization into unconsolidated material (i.e. the mineralized mass is not in place). It is, nevertheless, almost certain that the originating source (bedrock) for the mineralized mass is very local.
Most recently in 2022 a program including a VTEM helicopter borne electromagnetic and aeromagnetic survey followed by a four-hole (1,345m) drill program was competed at a cost of $1,950,000. Despite limited results in the four drill holes they were surveyed with a down-hole EM procedure which successfully located an off-hole conductor in one hole which remains untested.
J.W. (Bill) Morton P.Geo, within the context of the requirements of NI-43-101, is the qualified person who takes responsibility for this news release.
Bill Morton
J.W. (Bill) Morton, P.Geo., President
Cariboo Rose Resources Ltd.
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: info@eastfieldgroup.com
About Cariboo Rose Resources Limited
Cariboo Rose owns seven mineral projects in British Columbia. In addition to Carruthers Pass these are:
-Lightning Strike, shale hosted gold, located east of 100 Mile House, 100% owned.
-Carbonate Hosted Gold, gold, located northwest of Clinton, BC, 70% option to Basin Uranium Corp
-Cowtrail, contiguous with Woodjam project (Vizsla Copper Corp), 60% option to BRS Mining Resources.
-Pat, porphyry copper-gold, contiguous with Vizsla Copper Corp’s Woodjam project, 100% owned.
-Coquigold, epithermal gold, north of Westhaven Gold’s Shovelnose, 70% option to CMP Minerals.
-Koster Dam, gold, located near Black Dome Mine, 55% - 45% joint venture with Discovery Lithium Corp.
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. Readers are advised that this news release contains a number of forward-looking statements that may not occur to fruition.
Klondike Silver 2024 Drilling Program
https://thenewswire.com/press-releases/1LymFyEJl-klondike-silver-2024-drilling-program.html
April 12, 2024 – TheNewswire – Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSXV: KS | OTC: KLSVF | WKN: A1H8T1) is pleased to provide an update from its current underground drill program at the Silvana Mine, targeting western extensions of the mine within the historic Silvana claim block that the Company owns in southeastern British Columbia.
Drill holes from the first phase of drilling were laid out to intersect, map and model the extensions of vein structures down dip of three mineralized lodes from surface on the Silvana Mine claims, with the intention of targeting silver, zinc, and lead mineralization in the Company’s phases of drilling.
All drill cores from the 2023 program have been logged. Intervals of core have been sampled. Cores were sawed lengthwise, with one half bagged and sent to an independent lab for analyses, and one half retained for further inspection. Sample analyses are awaited from the lab.
Drilling in the 2024 program is now oriented northerly from drill station 2 to intersect downward projections of the Carnation Hanging wall and Footwall Lodes. The first 2024 activity will be deepening of two holes that have been drilled part of the distance to the Hanging wall and Footwall Lodes.
Klondike president and CEO, Mr. Tom Kennedy states, “The Company’s Silver Mile target is an area 1.5km along strike, 100% within Klondike’s claim block between the Mammoth and Silvana Mines. This area has yet to be fully explored due to fractured ownership that is a common theme in areas of British Columbia with significant historic mining activities dating back more than 100 years. Klondike’s management and exploration teams are encouraged by the potential to find and develop a resource in the Main Vein structure between the Mammoth and Silvana mines as combined past production of the Main Lode included 28 million oz silver, 209 million lbs zinc and 258 million lbs lead.”
The technical information in this news release has been reviewed by Locke Goldsmith, M.Sc., P.Eng., P.Geo., a Q.P.
Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.
Klondike’s 114 square kilometer claim block is 138 km north of the Trail B.C. smelter.
Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode” is the most prolific mineralized structure in the Slocan Mining Camp.
There are 13 past producing mines that are situated along the “Main Lode” that have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC MINFILE).
There are 67 past producing mines that are situated in Klondike Silver’s 114 square kilometer claim block. (source: BC MINFILE).
On Behalf of the Board of Directors
KLONDIKE SILVER CORP
“Thomas J. Kennedy”
CEO and Director
Additional information can be found on Klondike Silver’s website: www.klondikesilver.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. The TSX Venture Exchange has not reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this news release.
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.
Peruvian Metals Closes Acquisition of 50% Interest in San Maurizo Mines
https://www.newsfilecorp.com/release/205068
April 11, 2024 8:13 AM EDT | Source: Peruvian Metals Corp.
Edmonton, Alberta--(Newsfile Corp. - April 11, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals"), further to its press release of February 28, 2024 (the "Prior Press Release"), is pleased to announce the closing of its acquisition of a 50% interest in San Maurizo Mines Inc. ("San Maurizo"), a private Manitoba-based company (the "Transaction"). Pursuant to the Transaction, Peruvian Metals has issued 2,500,000 common shares to the vendor in order to acquire the interest in San Maurizo following receipt of TSX Venture Exchange approval. This strategic collaboration paves the way for both entities to collectively develop the promising Mercedes gold-silver-lead-zinc-copper mineral property, situated in central Peru. Please see the Prior Press Release for more information.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade sulphide concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.
For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.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.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties 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 at www.sedarplus.ca. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
SOURCE: Peruvian Metals Corp.
Surge Copper Outlines Pre-Feasibility Technical Work Programs at Berg and Announces Additional Private Placement for up to $1.0 million
https://ca.finance.yahoo.com/news/surge-copper-outlines-pre-feasibility-110000423.html
Surge Copper Corp.
Wed, April 10, 2024 at 4:00 a.m. PDT·6 min read
SRGXF
+3.78%
Vancouver, British Columbia, April 10, 2024 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) is pleased to provide an update on planned technical work programs in support of a pre-feasibility study for the 100%-owned Berg copper-molybdenum-precious metals project located in central British Columbia. The Company is in the advanced planning stages for several programs as outlined below which are expected to commence in the coming weeks and extend through the summer field season, with further announcements to be provided upon commencement. The development of these programs is based on the recommendations contained in the preliminary economic assessment for the Berg Project, titled ?“?Berg Project - NI 43-101 Technical Report and Preliminary Economic Assessment?”? dated effective as of June 12, 2023 (see June 13, 2023 press release) (the “PEA”) which outlined a total budget of approximately C$7.85 million to complete a pre-feasibility study, including approximately 8,500 metres of drilling, of which approximately 2,000 metres was completed in 2023.
Metallurgy – a test work program will aim to advance bulk copper-molybdenum concentrate flotation parameters and to confirm copper, molybdenum, silver, and gold recovery performance into separate copper and molybdenum concentrates. This program is fully scoped and suitable composite sample material is available and awaiting shipment.
Environmental Baseline – a large footprint data collection program will commence during the 2024 summer field season to gather time series baseline data in support of a potential environmental assessment.
Geochemistry – field operations at the Berg deposit in 2024 will collect samples from various areas within the PEA pit shape which will be used in laboratory-based geochemistry test programs to characterize key parameters relevant to waste rock and tailings design.
Geotechnical – field operations will aim to advance geotechnical and hydrogeological programs to solidify key mining assumptions and pit parameters where possible in conjunction with ongoing exploration drilling programs.
Advancing the high-priority Berg SW Target – fieldwork in 2023 identified a new porphyry exploration target southwest of Berg containing a 600 metre by 300 metre and open copper in soil anomaly with a geophysical expression similar to the Berg deposit. Surface mapping and sampling will be conducted early in the field season to advance the target to a drill decision.
Leif Nilsson, Chief Executive Officer, commented: “We are excited to be commencing these critical technical work programs which are aimed at advancing the Berg Project and positioning us well to complete a pre-feasibility study in 2025. The funding package provided by the previously announced strategic investment and the additional side-car placement announced today will fully fund this work program and provide the Company with additional flexibility to advance our highest-priority exploration targets including the Berg SW target. As the fundamentals in the copper market continue to improve, we are thrilled to be advancing the Berg Project which we believe is well positioned to capture the significant growth in demand for critical metals like copper and molybdenum in the coming decades.”
Side-Car Private Placement
In connection with the previously announced private placement (the “Strategic Placement”) pursuant to which African Rainbow Minerals Limited (“ARM”), through its wholly-owned subsidiary, has agreed to subscribe for 39,608,708 common shares of Surge (the “Strategic Placement Common Shares”) at a price of $0.095 per Strategic Placement Common Share for gross proceeds of approximately C$3,762,827 (see April 2, 2024 press release), the Company announces an additional non-brokered private placement to investors, other than ARM, of up to 10,000,000 common shares of Surge (the “Side-Car Common Shares”) at a price of $0.10 per Side-Car Common Share for aggregate gross proceeds of up to $1.0 million (the “Side-Car Private Placement”). Pursuant to the terms of the Strategic Placement, the Strategic Placement Common Shares purchased by ARM will be increased based on the number of Side-Car Common Shares issued under the Side-Car Private Placement such that ARM will acquire a 15.0% interest in Surge on a non-diluted basis upon closing of the Strategic Placement. In the event the maximum number of Side-Car Common Shares are issued under the Side-Car Private Placement, a total of 1,764,705 additional Strategic Placement Common Shares will be purchased by ARM under the Strategic Placement, resulting in total gross proceeds to Surge between the Strategic Placement and the Side-Car Private Placement of approximately $5 million.
The net proceeds from the Side-Car Private Placement will be used to fund the advancement of the Berg Project, exploration, and for working capital and general corporate purposes. The Side-Car Private Placement is scheduled to close on or about April 24, 2024, and is subject to certain customary conditions, including but not limited to, receipt of TSX Venture Exchange conditional acceptance. The Side-Car Common Shares will be subject to a statutory hold period of four months and one day ?from the date of issuance.? The Company may pay certain finders a cash fee equal to 6% of the aggregate gross proceeds raised from subscriptions under the Side-Car Private Placement arranged by such finders.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall ?there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale ?would be unlawful including any of the securities in the United States of America. The securities ?have not been and will not be registered under the United States Securities Act of 1933, as ?amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the ?United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under ?the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an ?exemption from such registration requirements is available.?
Qualified Person
Dr. Shane Ebert P.Geo., is the Qualified Person for the Berg Project and the Ootsa Property as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 41-101") and has approved the technical and scientific disclosure contained in this news release.
About Surge Copper Corp.
Surge Copper Corp. is a Canadian company that is advancing an emerging critical metals district in a well-developed region of British Columbia, Canada. The Company owns a large, contiguous mineral claim package that hosts multiple advanced porphyry deposits with pit-constrained NI 43-101 compliant resources of copper, molybdenum, gold, and silver – metals which are critical inputs to the low-carbon energy transition and associated electrification technologies.
The Company owns a 100% interest in the Berg Project, for which it announced a maiden PEA in June 2023 outlining a large-scale, long-life project with a simple design and high outputs of critical minerals located in a safe jurisdiction near world-class infrastructure. The PEA highlights base case economics including an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices of US$4.00/lb copper, US$15.00/lb molybdenum, US$23.00/oz silver, and US$1,800/oz gold. The Berg deposit contains pit-constrained 43-101 compliant resources of copper, molybdenum, silver, and gold in the Measured, Indicated, and Inferred categories.
The Company also owns a 100% interest in the Ootsa Property, an advanced-stage exploration project containing the Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals. The Ootsa Property contains pit-constrained NI 43-101 compliant resources of copper, gold, molybdenum, and silver in the Measured, Indicated, and Inferred categories.
On Behalf of the Board of Directors
“Leif Nilsson”
Chief Executive Officer
For further information, please contact:
Riley Trimble, Corporate Communications & Development
Telephone: +1 604 416 2978
Email: info@surgecopper.com
Twitter: @SurgeCopper
LinkedIn: Surge Copper Corp
https://www.surgecopper.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.
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. All statements included herein, other than statements of historical fact, are forward-looking statements, including but not limited to: the planned technical work programs in support of a pre-feasibility study for the Berg? Project, including timing and results thereof, along with the timing for announcing same; the Side-Car Private Placement, including the number of Side-Car Common Shares to be issued, receipt of TSX Venture Exchange conditional acceptance, and closing of the Side-Car Private Placement?, including the timing thereof; the Strategic Placement, including the number of Strategic Placement Common Shares to be issued in connection therewith; and the Company’s plans regarding the Berg Project and the Ootsa Property. These statements are only predictions and involve 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 any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals, the ability to obtain adequate financing to conduct its planned exploration programs, inability to procure labour, equipment, and supplies in sufficient quantities and on a timely basis, equipment breakdown, impacts of the current coronavirus pandemic, and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggestions herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
Universal Copper Announces Securityholder Approval for Acquisition by Vizsla Copper
https://www.accesswire.com/852129/universal-copper-announces-securityholder-approval-for-acquisition-by-vizsla-copper
Wednesday, 10 April 2024 05:45 PM
VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / Universal Copper Ltd. ("Universal Copper" or the "Company") is pleased to announce that, at the special meeting (the "Meeting") of holders ("Shareholders") of common shares of the Company ("Shares") and holders ("Optionholders", and together with Shareholders, "Securityholders") of options to acquire Shares ("Options"), Securityholders overwhelmingly voted in favour of the special resolution (the "Arrangement Resolution") to approve the previously announced plan of arrangement (the "Arrangement") with Vizsla Copper Corp. ("Vizsla Copper") pursuant to which Vizsla Copper will acquire all of the issued and outstanding Shares in exchange for 0.23 of a Vizsla Copper common share (each whole common share of Vizsla Copper, a "Vizsla Copper Share") for each Share held (such ratio being referred to herein as the "Exchange Ratio"). Additionally, the Company's outstanding Options will be exchanged for options of Vizsla Copper, and the Company's outstanding warrants will become exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. The purchase price represents a 60% premium to the 10-day volume weighted price of $0.015 per Share on February 12, 2024.
Shareholders holding a total of 53,825,794 Shares were represented in person or by proxy at the Meeting, which constituted a quorum of Shareholders, who represented 37.91% of the 141,998,878 issued and outstanding Shares entitled to vote as of February 23, 2024, the record date for the Meeting.
The Arrangement required the approval of: (i) at least two-thirds (66?%) of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting; (ii) at least two-thirds (66?%) of the votes cast by Securityholders , present in person or represented by proxy and entitled to vote at the Meeting, voting together as a single class; and (iii) a majority of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting excluding Shares held by interested parties as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").
Of the votes cast at the Meeting, 94.08% of the votes cast by Shareholders (93.86% after excluding Shares required to be excluded under MI 61-101) and 94.56% of the votes cast by Securityholders voting as a single class were in favour of the Arrangement Resolution.
The Company will seek a final order (the "Final Order") of the Superior Court of British Columbia (the "Court") to approve the Arrangement on April 16, 2024. Completion of the Arrangement is subject to the satisfaction of customary closing conditions for a transaction of this nature, including receipt of the Final Order. Subject to the satisfaction (or waiver) of the conditions precedent, it is expected that the Arrangement will be completed in April 2024. Following completion of the Arrangement it is expected that Shares will be delisted from the TSX Venture Exchange (the "TSX-V") and the Frankfurt Stock Exchange.
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. Vizsla Copper 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 exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. Vizsla Copper'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.
About Universal Copper
Universal Copper is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal Copper's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.
For additional information, please visit the Company's website at www.universalcopper.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Clive Massey"
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
Phone: (604) 341-6870
Cautionary Statement:
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties, and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. Forward-looking statements in this news release include, but are not limited to statements with respect to the closing of the Arrangement and the satisfaction of closing conditions including: (i) necessary court approval in connection with the Arrangement; (ii) certain termination rights available to the parties under the Arrangement Agreement; (iii) the Company obtaining the necessary approvals from the TSX-V; and (iv) other closing conditions, including, without limitation, the operation and performance of the Company of business in the ordinary course until the closing of the Arrangement and compliance by the Company with various covenants contained in the Arrangement Agreement.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of the Company and Vizsla Copper to implement their business strategies; competition; and currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
SOURCE: Universal Copper Ltd.
Providence Gold Mines Geological Update
https://thenewswire.com/press-releases/1AJ6Fblzx-providence-gold-mines-inc-geological-update.html
VANCOUVER – TheNewswire - April 9, 2024 - Providence Gold Mines Inc. (TSXV:PHD), (OTC:PRRVF), (FRANKFURT:7RH1-F) (“Providence” or the “Company”) is pleased to announce a revised working model for gold deposition and exploration targeting at the Providence Gold Mines Group of Gold Mines (Providence, Fairplay, Good Enough, Consuela, Bonita, McCarthy, and Mexican). The revised model was developed after a re-examination of surface and underground geological mapping conducted in 2017 and a review of results from the 2019 surface core drilling program.
Gordon Gibson P.Geo. reports that the Motherlode-style high-grade gold mineralization on the property is contained in a series of complex sheared quartz veins and related secondary structures. The most important Fairplay vein is a prominent north-trending, 50-degree east-dipping mylonite zone emplaced in deformed slate, argillite, chert, phyllite, quartzite, schist, and gneiss, and contained diorite sills, of the Paleozoic Calaveras Complex. Motion on the mylonite, a strong post-tectonic strike-slip fault zone several 10 metres thick, is right-lateral. Movement on the non-planar fault zone resulted in zones of compression at restraining bends, expressed as stacked imbricate (en echelon) splay faults containing complex gold-bearing quartz veins. These secondary splay veins are detached from the main through-going mylonite zone and pervade for up to 150 metres into the host rocks of the Calaveras Complex. They preferentially follow a pre-existing northwest-trending steeply northeast-dipping late axial planar foliation in the country rocks. Hanging wall and footwall splay veins of this type create the well-known elongate east-plunging plumes or shoots of high-grade gold mineralization responsible for most of the production from historical underground mining at Providence.
It is important to note that drill hole PR19-05 intersected a footwall splay vein of the central plume at the surface, returning 3.04 metres of 2.46 g/t Au. A surface channel sample at the collar of hole PR19-05 returned 0.50 metres of 17.5 g/t Au. The splay vein of hole PR19-05, from the surface to the uppermost stopes of the Providence 100 level, a zone measuring approximately 52 × 100 metres, is considered a prime gold target at surface. An 8-minute walk-through of this new modelling is available at:
Ascot Commences Ore Processing at the Premier Gold Project
https://ca.finance.yahoo.com/news/ascot-commences-ore-processing-premier-110000950.html
Ascot Resources Ltd.
Mon, April 8, 2024 at 4:00 a.m. PDT·5 min read
AOTVF
+2.88%
VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the commencement of ore processing at the Premier Gold Project (“PGP” or the “Project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Rock was introduced into the grinding circuit of the mill on March 31, 2024, and the first ore was introduced into the mill on April 5, 2024.
Derek White, President and CEO, commented, "The start of ore processing is a momentous achievement for the whole team at Ascot and an exciting milestone for the Company. Most project construction activities are substantially completed, and commissioning activities are ongoing throughout the processing plant with the aim of pouring first gold this month.”
As is customary for processing plant start-ups, waste rock was initially introduced into the grinding circuit in order to pad the semi-autogenous grinding (“SAG”) and Ball mill liners with barren material. Once that commissioning step was completed, the grinding system was re-torqued and gold-bearing ore was introduced into the mill on April 5, 2024. Commissioning activities are currently focused on the remaining components of the processing plant – namely the gravity concentration and intensive leaching circuit, the carbon regeneration circuit, the elution circuit, cyanide destruction, and the gold room.
The tailings storage facility (“TSF”), new water treatment plant (“WTP”), tailings thickener and pipeline systems are ready for operations.
The Company anticipates the pouring of first gold at the Project on schedule during the month of April 2024.
Qualified Person
John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
On behalf of the Board of Directors of Ascot Resources Ltd.
“Derek C. White”
President & CEO
For further information contact:
David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
dstewart@ascotgold.com
778-725-1060 ext. 1024
About Ascot Resources Ltd.
Ascot is a Canadian exploration and development company focused on re-starting the past producing Premier Gold Mine, located on Nisga’a Nation Treaty Lands, in British Columbia’s prolific Golden Triangle. Ascot shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Concurrent with progressing the development of Premier, the Company continues to explore its properties for additional high-grade gold mineralization. Ascot is committed to the safe and responsible development and operation of the Premier Gold Mine in collaboration with Nisga’a Nation.
For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of advancement and development of the PGP and the timing related thereto, the completion of the PGP mine, the production of gold and management’s outlook for the remainder of 2024 and beyond. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with entering into definitive agreements for the transactions described herein; fulfilling the conditions to closing of the transactions described herein, including the receipt of TSX approvals; the business of Ascot; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot’s properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with construction of the Project; the timing of the anticipated start of production at the Project; the ability to maintain throughput and production levels at the PGP mill; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Endurance 2024 Exploration Plans, Reliance Gold Project
https://www.newsfilecorp.com/release/204671
April 08, 2024 7:10 AM EDT | Source: Endurance Gold Corporation
Vancouver, British Columbia--(Newsfile Corp. - April 8, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") plans to mobilize crews in early May to initiate its 2024 exploration field program at the Reliance Gold Property (the "Property") in southern British Columbia. The road accessible 5,444 hectare Property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold.
Highlights for 2024 Program plans include:
Up to 10,000 metres ("m") of diamond drilling on the fully-permitted Royal Shear trend.
Geochemical surface sampling and prospecting to expand the Upper Eagle, Enigma, and Olympic soil grids to develop additional drill-ready targets.
Geological, structural, mineralogical and metallurgical studies.
Community consultation ahead of a drill permit application on the Olympic Option.
Continued property-scale environmental baseline studies.
Revise 3D geological model in anticipation of an inaugural mineral resource estimate.
The proposed 2024 program is designed to expand the gold zones discovered within the Royal Shear, at depth and along strike. To date, the Company has completed 82 diamond drill holes for 17,907 m drilled along 1.5 km of the Royal Shear gold-mineralized trend. The drilling has been extremely successful with 53 of the 82 diamond drill holes returning drill intersections in excess of 10 gram*metre gold. Highlight results from 8 of these drill holes include:
15.70 grams per tonne ("gpt") gold over 24.8 m including 26.96 gpt gold over 4.1 m.
8.62 gpt gold over 24.4 m including 17.02 gpt gold over 4.3 m.
8.47 gpt gold over 24.9 m including 16.27 gpt gold over 10.5 m.
5.80 gpt gold over 23.0 m including 8.52 gpt gold over 12.7 m
8.41 gpt gold over 12.0 m including 11.85 gpt gold over 7.7 m.
8.06 gpt gold over 13.5 m including 10.41 gpt gold over 5.5 m.
7.65 gpt gold over 12.7 m including 10.00 gpt gold over 8.7 m.
3.05 gpt gold over 139.9 m including 12.85 gpt gold over 12.9 m.
Crews will mobilize and commence surficial field work and baseline studies in May. First Nation Consultation is in progress for an anticipated new drill permit application for the Olympic and Enigma targets. The Royal Shear drilling will focus on previously untested areas between Imperial and Eagle, along strike to the northwest of Imperial, and at depth at Eagle and Imperial Zones.
The Reliance Gold Project is interpreted to host a shallow-level (Epizonal) Orogenic gold system. Gold mineralization is directly related to varying amounts but low sulphide concentrations of arsenopyrite, stibnite and pyrite as sulphide replacement and multigenerational breccias often with associated pervasive silicification, quartz stockwork and/or quartz breccia infill. Since the 2020 discovery of the Eagle Zone, the Company has completed 84 RC drill holes and 82 diamond drill holes along a 1.5 km strike of the Royal Shear host.
Endurance Gold Corporation is a company focused on the acquisition, exploration and development of highly prospective North American mineral properties with the potential to develop world-class deposits.
ENDURANCE GOLD CORPORATION
Robert T. Boyd
FOR FURTHER INFORMATION, PLEASE CONTACT
Endurance Gold Corporation
(604) 682-2707, info@endurancegold.com
www.endurancegold.com
The work program is supervised by Darren O'Brien, P.Geo., Vice President Exploration for the Company and the qualified person as defined in National Instrument 43-101. Mr. O'Brien has reviewed and approved this news release. 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 the expected results.
SOURCE: Endurance Gold Corporation
Talisker Signs Milling Agreement with Nicola Mining
https://ca.finance.yahoo.com/news/talisker-signs-milling-agreement-nicola-110000878.html
Talisker Resources Ltd.
Tue, April 9, 2024 at 4:00 a.m. PDT·3 min read
TSKFF
+1.06%
TORONTO, April 09, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary, Bralorne Gold Mines Ltd., has signed a milling agreement (the “Agreement”) with Nicola Mining Inc. (“Nicola”). As part of the Agreement, Nicola will process up to 6,300 tonnes of stockpile mined at the Bralorne Gold Project and process it at Nicola’s Craigmont Mill located in Merritt, British Columbia.
Terry Harbort, Talisker’s President and CEO commented, “This Agreement with Nicola gives Talisker increased flexibility and contingency for our upcoming ore processing from the Mustang Mine at Bralorne. We are pleased to be working with Peter and his professional team in the near future.”
For further information, please contact:
Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
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 Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Grizzly Reports Significant High Grade Gold, Silver and Copper Exploration Results for the Greenwood District Precious and Battery Metals Project, BC and Plans for 2024
https://www.newsfilecorp.com/release/204221
April 04, 2024 9:00 AM EDT | Source: Grizzly Discoveries Inc.
Edmonton, Alberta--(Newsfile Corp. - April 4, 2024) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce all assay results for the 2023 rock and soil samples collected from the Company's 172,000 acre Greenwood District including newly acquired and staked mineral claims in the Westbridge and Beaverdell areas, have been received. Significant and important high grade results for gold (Au), silver (Ag), copper (Cu), lead (Pb) and zinc (Zn) have been received from a number of important target areas explored during 2023 and prior to that 2022. The priority list of targets includes Midway (including the Midway Mine and the Lois area), Imperial, Crown Point, Copper Mountain (Mabel Jenny and Coronation), Sappho, Marshall Lake, Motherlode, Colby and Enterprise. A number of these targets are new through acquisition and/or staking and have not been drill tested in decades if ever, including the Midway Mine, Lois, Imperial, Crown Point, Marshall Lake, Colby and Enterprise (Figure 1).
Brian Testo, President and CEO of Grizzly Discoveries, stated, "We are excited with the new results to date from the Greenwood District area and we are planning follow-up exploration including extensive soil and rock sampling along with ground geophysical surveys to be followed by drilling. Much of the newly acquired ground has seen little exploration and evaluation since the 1980's. We also are looking forward to pursuing a number of high grade gold - silver - copper showings and historical mines with drilling in 2024 along with additional exploration for significant battery metals in our current 170,000+ acre land holdings in the Greenwood District. We have barely scratched the surface in terms of exploration!"
The Company currently has active drilling permits for the Ket 28, Dayton and the Motherlode areas. The Company is awaiting permits for drilling +/- trenching at the Midway, Imperial, Sappho and Copper Mountain target areas. Depending upon funding, the Company is planning for an aggressive drilling campaign for 2024 in order to take advantage of the outstanding metal prices.
The focus of the 2023 program was ground work for assessment and follow up work on a number of targets that returned excellent results during prior years including 2022. In addition, work was also conducted on a number of new targets acquired by staking and/or acquisition in the area while the Company waits for drilling and trenching permits. Highlights of the 2023 work are as follows:
Highlights:
The 2023 program saw the collection of a total of 755 rock grab or rock chip samples across the property from May to November, 2023 along with a total of 4,065 soil samples, mostly split between the Midway and Imperial target areas, with some sampling at Beaverdell.
Land acquisition during 2023 included new mineral claims at Beaverdell, Westbridge and in the Greenwood area at Midway, north of Midway, east of the town of Greenwood in the Marshall Lake area adjacent to the historical Phoenix Mine.
Marshall Lake
A total of 103 rock grab samples were collected from outcrop and mineralized dump material across the new Marshall Lake mineral claims staked in August (Figure 1. See Company News Release dated November 22, 2023) yielding 24 samples with >0.5 grams per tonne (g/t) gold (Au) (0.015 ounces per ton [opt]) up to 154.5 g/t (4.51 opt) Au (including 15 samples >1 g/t Au), along with high silver (Ag) up to 205 g/t (5.98 opt) Ag and high copper up to 8.44 percent (%) Cu (Figures 1 and 2).
The high gold values are often accompanied by high copper in the 0.1 to 0.6% range. The anomalous values are associated with high sulphide (pyrite and chalcopyrite) material in what appears to be gossanous skarnified sedimentary rocks.
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/4488/204221_14fb5b86f44cabb8_002full.jpg
Midway Mine Area
Two new showings identified in 2023 near the historical Midway Mine including up 5.64 g/t Au (0.165 opt) from a showing 400 m to the north of Midway and up to 4.19 g/t Au (0.122 opt) from a grab sample collected about 375 m to the west of the Midway Mine (Figure 3).
At least 6 new areas with anomalous gold (> 100 ppb), copper (>200 ppm) and silver in soils have been identified at Midway (Figure 3).
The Midway area is being targeted for copper-gold skarn and epithermal gold-silver.
At Midway, selective rock grab and composite rock grab samples collected during 2022 from outcrop at the Midway Mine-Picturestone area, yielded a range of 12.05 g/t Au (or 0.351 opt) up to 70.8 g/t Au (2.065 opt) (See Company news release dated October 17, 2022).
Three (3) of the 7 selective rock grab samples from the Midway Mine yielded from 1,360 g/t Ag (39.7 opt) up to 2,140 g/t Ag (62.4 opt) (see the Company news release dated October 17, 2022).
All highly anomalous samples are from outcrop and characterized by the presence of abundant pyrite, arsenopyrite with visible galena and sphalerite in a siliceous chalcedonic host. The mineralization is hosted in polymetallic veins that display the presence of Pb, Zn, Cu, arsenic (As) and antimony (Sb) and are likely epithermal in nature.
A selective rock grab sample from outcrop 200 m west of the main Midway Mine yielded 15.85 g/t Au (0.462 opt) and 1,530 g/t Ag (44.6 opt), illustrating that there is potential for additional high-grade mineralization in the area (Figure 3).
Figure 2: Initial 2023 Gold Results from Rock Sampling - Marshall Lake Area, Greenwood Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_003full.jpg
Figure 3. Midway Geology and Showings with Gold in Soils and Rocks. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_004full.jpg
Copper Mountain Area
A new showing at the western edge of the Mabel Jenny Trend at the Copper Mountain area continues to yield excellent results including 9 of 14 rock grab and chip samples collected during 2023 from the new zone yielding greater than 1 g/t Au (0.029 opt) up to 13.75 g/t Au (0.401 opt) along with up to 61.9 g/t Ag (1.805 opt), and up to 0.475% Cu and 2.93% Zn.
The strike length of the new zone is more than 400 m along a new logging road cut when combined with anomalous samples from 2022 (See Company News Release dated October 12, 2023).
The showings are related to pyrite and chalcopyrite in quartz veins, breccia and stockwork associated with an altered (likely Jurassic?) diorite.
Figure 4. Copper Mountain, Colby, Imperial Showings with Gold in Soils and Rocks.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/204221_14fb5b86f44cabb8_005full.jpg
Colby - Enterprise (Westbridge Area)
A total of 51 rock grab samples were collected from outcrop and mineralized dump material across the Colby and Enterprise claims acquired in early 2023 (Figure 4).
Rock grab samples (40) from showings and mineralized dumps in the Colby area returned 13 samples with >1.0 g/t Au (0.029 opt) and 8 samples with >5.0 g/t Au up to 26.2 g/t Au (0.764 opt) including 12 grab samples with >30.0 g/t Ag (0.875 opt) up to 460 g/t Ag (13.42 opt).
The high Au and Ag values are often accompanied by high lead and zinc in the 0.1 - 1% range. The high values are associated with gossanous pyritic material in quartz veins and breccia in what appears to be quartzite in contact with a diorite or felsic porphyry (Figure 4).
A total of 11 selected rock grab samples from the Enterprise showing and historical workings yielded 3 grab samples with >1.0 g/t Au (0.029 opt) up to 32.0 g/t Au (0.933 opt) including 3 grab samples with >30.0 g/t Ag (0.875 opt) up to 187 g/t Ag (13.42 opt).
Sulphide mineralization at the Colby and Enterprise historical workings is associated with quartz veins, breccia and skarnified/silicified sedimentary rocks and intrusions. The alteration patterns are consistent with intermediate sulphidation epithermal mineralization.
Imperial Mine Area
A total of 50 new rock grab and rock chip samples collected from the historical Imperial Mine area, with 6 samples returning greater than 1 g/t Au (0.029 opt) up to 12.1 g/t Au (0.353 opt) and 8 samples returning greater than 40 g/t Ag (1.167 opt) up to 469 g/t Ag (13.68 opt). The samples define a targeted strike length of over 170 m for future drilling. The samples yield significant amounts of lead, zinc and copper with several samples yielding greater than 2% combined base metals.
Extensive soil sampling utilizing a conventional soil sampling methodology and a test of ionic leach soil sampling has yielded a number of new additional targets to follow up outside of the Imperial Mine area to the north in the area of the historical Riverside and Commonwealth showings (about 750 m north of the Imperial mine) along with a new area about 3 km to the north.
Plans For 2024 Exploration at Greenwood:
An extensive rock and soil sampling program along with new geological mapping during 2023 has been completed in preparation for drilling at a number of locations in the Greenwood Area in 2024. Drilling is warranted at all of the targets described above. As well, a number of targets that warrant drilling based upon prior work are described in highlight form below.
The Company currently has active drilling permits for Ket 28, Dayton and the Motherlode target areas. The Company is awaiting permits for drilling +/- trenching at the Midway, Imperial, Sappho and the Copper Mountain target areas. Depending upon funding the Company is planning for an aggressive drilling campaign for 2024 in order to take advantage of the outstanding metal prices.
Motherlode Area
Results received for drilling at the Motherlode North polymetallic and skarn targets are comprised of copper-gold-silver +/- lead-zinc (Cu-Au-Ag +/- Pb-Zn) targets 500 to 750 m north and northeast of the historical Motherlode Mine (not owned by the Company), which produced significant amounts of Cu, Au and Ag including 173,000 ounces (oz) of Au, 688,000 oz of Ag and 77 million lbs of Cu between 1896 and 1918 and 1956 to 1963 (BC Minfile 082ESE034).
Prior drilling by Grizzly intersected up 17.15 g/t Au, 41.7 g/t Ag, along with 0.56% Pb and 1.51% Zn over 1.5 m core length at one of the skarn targets north of the Motherlode Pit (Table 1).
Skarn and sulphide rich mineralization, along with widespread hornfels and propylitic alteration have been intersected in most of the 2022 Motherlode North (22ML07 to 15) and the two (22MR01 & 02) Marguerite core holes (Figure 4).
Follow-up drilling is being planned for 2024 for the Motherlode area.
Sappho Area
The Sappho area is being targeted for copper-gold-PGEs skarn and porphyry type targets associated with an alkalic intrusion and several diorite intrusions south of Greenwood near the US border.
At least five new showings of copper oxide/sulphide mineralization were found during the 2022 program at the Sappho Target.
Previous surface sampling and drilling by Grizzly at the Sappho area has yielded significant anomalous copper, gold, silver along with platinum and palladium.
Numerous rock grab samples have yielded greater than 1% copper, 1 g/t gold, 1 g/t platinum and 1 g/t palladium (see Company news release dated November 3, 2022).
Historical drilling (by the Company) has yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt, 0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho in 2010.
Further drilling is warranted and has been applied for at Sappho for 2024.
Dayton Area
The Company completed 4 core holes for 1,014 m at the copper-gold Dayton Skarn/Porphyry Prospect in 2022 (Figure 1).
The Dayton IP2 target (an induced polarization chargeability anomaly) was tested by the Company with a single hole in 2011 and intersected potassic altered volcanics and intrusives with a near surface intersection (11DA-009) of 0.15% Cu and 0.43 g/t Au (or 0.46% CuEq*) over 51 m core length starting at a depth of 3 m Table 1).
Comparable sulphide zones, skarn and potassic alteration were intersected in the 2022 drilling at the Dayton IP2 target.
New intersections at Dayton include hole 22DA-016 with 0.062% Cu, 0.221 g/t Au and 1.89 g/t Ag (0.221% CuEq*) over 180 m core length, 22DA-017 with 0.057% Cu, 0.149 g/t Au and 1.76 g/t Ag (0.177% CuEq*) over 184 m core length, and 22DA-015 with 0.033% Cu, 0.155 g/t Au and 2.06 g/t Ag (0.162% CuEq*) over 44.5 m core length.
Intercepts are all associated with an Induced Polarization (IP) Chargeability anomaly (IP2) and mineralization appears to plunge and thicken to the north down plunge in conjunction with an apparent plunge of the IP Chargeability anomaly.
Further drilling is planned for the Dayton IP2 anomaly. Permits are already in place to conduct further drilling.
*CuEq calculated using ratios of Au:Cu 1:7,080 and Ag:Cu 1:88.5.
Quality Assurance and Control
Rock and soil samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Rock grab and rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
The sampling program was undertaken by Company personnel under the direction of Michael B. Dufresne, M.Sc., P.Geol., P.Geo. A secure chain of custody is maintained in transporting and storing of all samples.
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 the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
GRANT OF STOCK OPTIONS
The Board of Directors of Grizzly have authorized the issuance of an aggregate 3,000,000 stock options to Officers, Directors, and Consultants of Grizzly with an exercise price of $0.05 and expiring on April 2, 2029, or earlier in accordance with the Company's Stock Option Plan. 2,500,000 of the options authorized for issuance will be issued to insiders of Grizzly. All of the options will vest immediately upon issuance. The grant of stock options is subject to the approval of the TSX Venture Exchange.
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 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.
Core Assets Extends Pete’s-Sulphide City-Gally Mineralized Trend to 2.5km With Massive Sulphide at Surface Grading Up To 680g/t Ag, >36.4% Pb+Zn & 0.55% Cu
https://www.accesswire.com/849233/core-assets-extends-petes-sulphide-city-gally-mineralized-trend-to-25km-with-massive-sulphide-at-surface-grading-up-to-680gt-ag-364-pbzn-055-cu
Thursday, 04 April 2024 09:00 AM
VANCOUVER, BC / ACCESSWIRE / April 4, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTC.QB:CCOOF
Talisker Signs Letter of Intent with Regeneration on Ladner Gold Project Tailings
https://ca.finance.yahoo.com/news/talisker-signs-letter-intent-regeneration-110000645.html
Talisker Resources Ltd.
Thu, April 4, 2024 at 4:00 a.m. PDT·5 min read
TSKFF
+2.94%
TORONTO, April 04, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) to form a joint venture with Regeneration Enterprises Inc. (“Regeneration”) to process the Ladner Gold Project (“Ladner”) Tailings Resource (the “Proposed JV”) owned by New Carolin Gold Corp. (“New Carolin”), a 100% owned subsidiary of Talisker.
Ladner contains a National Instrument 43-101 compliant tailings indicated resource of 445,000 tonnes grading at 1.64 g/t for 24,000 oz of gold and an inferred resource of 93,000 tonnes grading at 1.64 g/t for 5,000 oz of gold, representing an estimated 60% of the tailings material. The remaining 40% remains undrilled. A 2011 study by the Engineering Department at University of British Columbia consisting of material regrind to P80 of 93µm returned average concentrate leach recoveries of 81.6% for the tailings material.
The Proposed JV is planned to be undertaken in five phases. Regeneration will secure funding for each phase, unless otherwise agreed in the Definitive Agreement:
Phase 1 Sampling - characterization, technology evaluation and engineering design, and environmental assessment and restoration planning – completion by December 31, 2024
Phase 2 Design - costing, environmental and risk assessment, and permitting – completion by December 31, 2025
Phase 3 - Construction – completion by December 31, 2026
Phase 4 - Production – throughout 2027, 2028, 2029
Phase 5 - Site Rehabilitation – completion by December 31, 2030
The above dates and timelines are indicative and may change by mutual agreement. Talisker and Regeneration have agreed to share the net profit of the Proposed JV. There is a provision for Talisker to secure the transfer of certain, useful infrastructure and equipment on termination of the Proposed JV.
Regeneration is a public benefit corporation incorporated in Delaware, USA. As a privately held social enterprise, Regeneration identifies and transforms legacy mining sites into ecological assets while producing needed minerals. Regeneration’s mission is to foster biodiversity, community, and climate positive minerals for the energy transition, green tech, and sustainable brands through remining, reprocessing, and restoration. Regeneration’s full value mining strategy utilizes new technologies and methods to safely remine and reprocess tailings, waste rock, and water to extract minerals and metals. RESOLVE, a Washington DC non-governmental organization that launched Regeneration, is the majority shareholder. Investors and partners can be found here (https://www.regeneration.enterprises/). Regeneration has identified a short list of potential remining and restoration sites, including Ladner.
Terry Harbort, Talisker’s President and CEO commented, “We are excited to be part of Regeneration's exciting vision to transform legacy sites for the benefit of all stakeholders. The business allows for the recovery of significant ounces of gold and complete rehabilitation of the historic tailings facility at Ladner. Having the Proposed JV funded and managed by Regeneration allows Talisker to advance a secondary business while remaining focused on our flagship Bralorne asset, currently transitioning into production.”
Stephen D'Esposito President and CEO of Regeneration commented, “We see significant, potential value in recovering gold from waste while supporting restoration of the site. This formula, treating legacy sites as remining and restoration opportunities, has value across British Columbia and the rest of Canada. With this important first step we now have work to do with First Nations, technology innovators, and the province.”
For further information, please contact:
Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
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 Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Talisker Intersects 38.17 g/t Au over 5.20 Metres from the Bralorne Gold Project Resource Conversion Program
https://ca.finance.yahoo.com/news/talisker-intersects-38-17-g-110000895.html
Talisker Resources Ltd.
Tue, April 2, 2024 at 4:00 a.m. PDT·8 min read
TSKFF
+1.48%
TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF)
TDG Gold Identifies Second Copper-Gold Porphyry Target at North Quartz, Baker Complex
https://www.accesswire.com/848360/tdg-gold-identifies-second-copper-gold-porphyry-target-at-north-quartz-baker-complex
Tuesday, 02 April 2024 07:00 AM
WHITE ROCK, BC / ACCESSWIRE / April 2, 2024 / TDG Gold Corp. (TSXV:TDG)
Green River Gold to Commence Placer Gold Mining on the Wabi Claim on the Swift River in May 2024
https://www.newsfilecorp.com/release/203930
April 02, 2024 6:55 AM EDT | Source: Green River Gold Corp.
News Release Highlights:
Green River Gold Corp. ("the Company") will mine gold on one of its fully permitted claims on the Swift River beginning in May.
The Company has access to a fully equipped shop, all necessary equipment and supplies, and experienced personnel through its private affiliate Gold Rush Supplies Inc. Gold Rush Supplies Inc. specializes in the placer mining industry.
The commencement of revenue generating activity from this claim is a major step toward the Company's goal of achieving self-sustaining cash flow from operations.
A separate group of personnel will run the placer mining operations so it will augment and not interfere with the ongoing exploration at the Quesnel Nickel Project.
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.
Edmonton, Alberta--(Newsfile Corp. - April 2, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River) is pleased to announce that it intends to commence placer gold mining operations on its 100% owned, fully permitted and bonded Wabi claims on the Swift River, approximately 45 minutes from its field headquarters in Quesnel, British Columbia. The Company has two very strong, exciting 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. This placer gold mining operation demonstrates Green River's commitment to move both platforms forward in parallel as the Company sees significant potential in both its critical minerals and precious metals properties.
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. 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 1. Placer Property Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/203930_27818d9f74a89b66_002full.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 hitting all-time highs of above $3,000 Canadian, the decision was made to have the Company mine some of the claims 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 direct any funds raised in the capital markets directly to exploration activities. The Wabi claim is located along the Swift River and is shown in Figure 2.
Figure 2. Wabi Claim Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7403/203930_27818d9f74a89b66_003full.jpg
Green River is uniquely positioned to 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 will be 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-kilometre 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 (the Project or Property) 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 of land, 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 of the contents of this press release.
SOURCE: Green River Gold Corp.
Golden Cariboo Opens Exploration Camp at its Quesnelle Gold Quartz Mine Property Near Hixon, BC
https://thenewswire.com/press-releases/1ArbF8Py7-golden-cariboo-opens-exploration-camp-at-its-quesnelle-gold-quartz-mine-property-near-hixon-bc.html
March 26, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (TSXV:GCC) announces its exploration team has begun setting up its exploration camp at the Company’s Quesnelle Gold Quartz Mine property near Hixon, British Columbia.
With a diamond drill onsite, the Company is currently preparing for a robust drilling and exploration program for the 2024 exploration season.
Company president and CEO, J. Frank Callaghan expressed enthusiasm, stating "We're eager to begin Golden Cariboo's 2024 exploration program, which includes diamond drilling and complementary geological activities. Our exploration team is currently completing snow removal, water line and drill pad preparations. Stay tuned for further updates as we anticipate drilling to commence in the upcoming weeks."
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Imperial Reports Red Chris and Mount Polley Drilling Update
https://ca.finance.yahoo.com/news/imperial-reports-red-chris-mount-234700587.html
Imperial Metals Corporation
Mon, March 25, 2024 at 4:47 p.m. PDT·4 min read
III.TO
0.00%
IPMLF
0.00%
VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) -- Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports drill results from Red Chris since the last update on July 24, 2023 and Mount Polley.
At Red Chris, drill hole RC875 was drilled south to north into the East Ridge, the opposite direction to most of the drilling to date, to confirm the down-dip continuity of mineralization in the East Ridge zone. The initial results from hole RC875 (previously reported in the July 24, 2023 news release) returned an intercept of 406 metres grading 1.0% copper and 1.1g/t gold from 486 metres, that includes 248 metres grading 1.4% copper and 1.6 g/t gold from 644 metres. The remaining assays results for this hole have been received and the intercept is now 532 metres grading 0.98% copper and 1.1 g/t gold from 486 metres. This hole was targeted to be drilled to a depth of 1,200 metres but was abandoned at 1,018 metres due to access problems.
The underground drill has collared a hole to test for additional mineralization east of the East Ridge Exploration Target. This hole is designed to test 100 metres below where hole RC876 (previously reported in the July 24, 2023 news release) returned an interval of 274 metres grading 0.45% copper and 0.67 g/t gold from 998 metres. This 274 metre intercept included higher grade intervals of 42 metres grading 1.1% copper and 1.5 g/t gold from 1,080 metres, 14 metres grading 0.63% copper and 1.7 g/t gold from 1,144 metres and 26 metres grading 0.5% copper and 1.1 g/t gold from 1,170 metres. This drilling, located approximately 200 metres east of the defined East Ridge Exploration Target, demonstrates the prospectivity of this area for additional discoveries.
Red Chris drilling in 2023 included six reconnaissance holes. The reconnaissance holes tested targets to the west in the Gully and Far West zones, most of which intersect zones of low-grade copper-gold mineralization. Of interest, the mineralization in the Far West zone is predominantly gold, an example of which is a 56 metre interval in hole RC892 located in the Far West zone that grades 0.05% copper and 0.46 g/t gold from 504 metres.
There were four drills working until July when drilling was reduced to a single underground drill, drilling from stations along the exploration decline. Most of the drilling since the previous update was into the East Zone block cave macroblock 1 to gather more data for the block cave study.
Since January, four holes have been drilled; two to gather more data for the block cave study and two geotechnical holes designed to gather further information on ground conditions where underground development is planned.
At Mount Polley a diamond drilling program of a minimum 5,000 metres drilling started on March 3rd, focusing on two goals. The first is to test for mineralization around the perimeter of the planned Springer pit where there are gaps in the 3-dimensional mineralization model. The second goal is to follow-up on last year’s successful drilling in the Springer zone, by filling gaps in the drilling of the zone and by continuing to test the zone at depth. The first two drill holes of this program have been completed and the third is in progress.
Jim Miller-Tait, P.Geo., Imperial Metals Vice President Exploration, is the designated Qualified Person as defined by National Instrument 43-101 for the Red Chris exploration program and has reviewed this news release. Red Chris samples for the 2022/2023 drilling reported were analysed at Bureau Veritas Mineral Laboratories in Vancouver. A full QA/QC program using blanks, standards and duplicates was completed for all diamond drilling samples submitted to the labs. Significant assay intervals reported represent apparent widths. Insufficient geological information is available to confirm the geological model and true width of significant assay intervals.
Drillhole data is available on imperialmetals.com.
About Imperial
Imperial is a Vancouver based exploration, mine development and operating company with holdings that include the Mount Polley mine (100%), the Huckleberry mine (100%), and the Red Chris mine (30%). Imperial also holds a portfolio of 23 greenfield exploration properties in British Columbia.
Company Contacts
Brian Kynoch | President | 604.669.8959
Darb S. Dhillon | Chief Financial Officer | 604.488.2658
Jim Miller-Tait | Vice President Exploration | 604.488.2676
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization at the Red Chris and Mount Polley mines; assay results; the interpretation of drilling and assay results; the results of the drilling program, mineralization and the discovery of zones of mineralization; and plans for future exploration and drilling at the Mount Polley mine and the timing of same. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “demonstrates”, “encouraging”, “indicate”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the Toronto Stock Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of assay results and the drilling program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
GSP Resource Samples 11% Copper and 0.65 g/t Gold from Surface and Completes Ground Geophysical Surveys at Alwin Mine Copper-Silver-Gold Project
https://thenewswire.com/press-releases/1kEjFad1g-gsp-resource-samples-11-copper-and-0-65-g-t-gold-from-surface-and-completes-ground-geophysical-surveys-at-alwin-mine-copper-silver-gold-project.html
Vancouver, British Columbia / TheNewswire / March 26, 2024: GSP Resource Corp. (TSX-V: GSPR)
Taseko Acquires 100% of Gibraltar Mine
https://www.prnewswire.com/news-releases/taseko-acquires-100-of-gibraltar-mine-302097839.html
Taseko Mines Limited 25 Mar, 2024, 08:00 ET
VANCOUVER, BC, March 25, 2024 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that it has entered into a definitive agreement ("Agreement") to acquire the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining Co., Ltd. ("Dowa") and Furukawa Co., Ltd. ("Furukawa"). Under the terms of the Agreement, Taseko will acquire Dowa and Furukawa's shares in Cariboo Copper Corp ("Cariboo") and will then own 100% of Cariboo shares and have an effective 100% interest in the Gibraltar Mine.
All amounts in this press release are stated in Canadian dollars (C$) unless otherwise specified.
The acquisition price consists of a minimum amount of $117 million payable over a period of ten years and potential contingent payments depending on copper prices and Gibraltar's cashflow. An initial $5 million will be paid to Dowa and Furukawa ($2.5 million each) shortly following closing and the remaining amounts will be settled with annual payments commencing in March 2026.
Stuart McDonald, President & CEO of Taseko, commented, "We are happy to once again own 100% of the Gibraltar mine, our foundational asset, which will continue to generate strong returns for the Company for many years to come. This acquisition provides 14% growth in our attributable copper production, and is immediately cashflow accretive as we advance construction at our Florence Copper Project.
We also receive additional offtake rights as the Cariboo offtake contract comes back to Taseko, providing potential cost savings and longer-term strategic benefits as we continue to develop our North American copper production profile."
"We have established a positive relationship with Dowa and Furukawa over the last 14 years. Given that both groups are reducing their copper smelting businesses and are exiting their copper mining investments, we've been able to structure this exit from our long-term partnership in a mutually beneficial manner," concluded Mr. McDonald.
Terms of the acquisition
An initial $5 million payment will be made to Dowa and Furukawa shortly following closing. The remaining cash consideration will be repayable in annual payments commencing in March 2026. The annual payments will be based on the average LME copper price of the previous calendar year, subject to an annual cap based on a percentage of cashflow from the Gibraltar Mine. At copper prices below US$4.00 per pound, the annual payment will be $5 million, increasing pro-rata to a maximum annual payment of $15.25 million at copper prices of US$5.00 per pound or higher. The annual payments also can not exceed 6.25% of Gibraltar's annual cashflow for the 2025 to 2028 calendar years, and 10% of Gibraltar's cashflow for the 2029 to 2033 calendar years. Any outstanding balance on the minimum acquisition amount of $117 million will be repayable in a final balloon payment in March 2034.
Total consideration is capped at $142 million, limiting the contingent consideration to a maximum of $25 million. In addition, Taseko has the option to settle the full acquisition price at any time prior to 2029 by making total payments of $117 million.
The Company's minimum payment obligations are in the form of loans from Dowa and Furukawa to Cariboo. The loans are guaranteed by Taseko, and a portion of the loans are secured by Cariboo's 25% joint venture interest in the Gibraltar Mine. The loans contain minimum protective covenants including the requirement not to amend the joint venture agreement for the Gibraltar mine, or sell Cariboo's 25% interest in the joint venture.
Under the Cariboo offtake arrangements entered into in 2010, Dowa and Furukawa were entitled to receive 30% of Gibraltar's copper concentrate offtake for the life of mine, at benchmark terms. Upon closing of this acquisition, the Cariboo offtake agreement will be terminated and Taseko will retain full marketing rights for 100% of Gibraltar's concentrate offtake going forward.
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;
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;
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;
our ability to comply with the extensive governmental regulation to which our business is subject;
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 mining operations and mine closure and bonding requirements;
our dependence solely on our 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;
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 ;
the capital intensive nature of our business both to sustain current mining operations;
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;
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
Canadian Critical Minerals Completes Commissioning of Ore Sorter at Bull River Mine Project
https://www.newsfilecorp.com/release/202713
March 21, 2024 6:03 PM EDT | Source: Canadian Critical Minerals Inc.
Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it has completed commissioning of a Steinert KSS 100 ore sorter ("ore sorter") at the Bull River Mine ("BRM") project near Cranbrook, BC. The ore sorter is being used to pre-concentrate mineralized copper material from a large surface stockpile prior to trucking to New Afton under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+).
The Company temporarily suspended trucking to New Afton in the last week of February 2024 following the imposition of road restrictions by the Ministry of Transportation and Infrastructure of British Columbia to 70% of normal loads due to mild winter conditions in the Cranbrook area. The Company will resume trucking once road restrictions are removed. In the interim period, the Company will build a temporary stockpile of higher-grade mineralized copper material ready for shipment to New Afton.
The Company is also pleased to announce the results of its annual and special meeting held in Calgary, Alberta on March 20, 2024. Shareholders of CCMI approved all matters of business put forth at its annual and special meeting, including the re-election of directors Ian Berzins, David W. Johnston, Aaron Matlock, John Morgan, Gestur Kristjansson, Heather Kennedy and Chris Stewart. The shareholders appointed Kenway Mack Slusarchuk Stewart LLP as auditors of the Corporation. The shareholders also approved the Company's rolling stock option plan.
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 34% 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.
Torr Metals Delineates a Total of 5 Untested Copper Soil Anomalies Spanning a 7 km Porphyry Trend Adjacent to Highway 5 on the Kolos Project
https://www.newsfilecorp.com/release/202880
March 25, 2024 6:30 AM EDT | Source: Torr Metals Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2024) - Torr Metals Inc. (TSXV: TMET)
Quartz Expands Maestro Project Area with Acquisitions of Lone Pine Porphyry Deposit Claim and North Claim
https://www.accesswire.com/844241/quartz-expands-maestro-project-area-with-acquisitions-of-lone-pine-porphyry-deposit-claim-and-north-claim
Tuesday, 19 March 2024 08:30 AM
Transactions Consolidate Multiple Overlapping Mineralized Systems Under Quartz Control
VANCOUVER, BC / ACCESSWIRE / March 19, 2024 / Quartz Mountain Resources Ltd. ("Quartz" or the "Company") (TSXV:QZM)(OTC PINK:QZMRF) is pleased to announce the Company has agreed under two separate transactions, to purchase a 100% interest in each of the Lone Pine Claim and the North Claim (the "Acquisitions"). These two mineral claims total 169 hectares and are located within the Company's 100%-owned Maestro Property located 15km north of the town of Houston, British Columbia.
Consolidation of the 2,309 -hectare Maestro Project area allows continuous, through-going access to explore the potential for multiple overlapping precious and base metal systems in their entirety. As such, they add significant value to the Company's strategic plan to develop and transact the Maestro Project. In December 2023, Quartz completed 1,445 meters of diamond drilling in two holes at the Prodigy Au-Ag-Mo-Cu epithermal target approximately 1km north of the Lone Pine porphyry deposit. In addition, Quartz also completed surface and downhole geophysical surveys over the newly drilled area immediately after completion of its two drill holes. Results from the 482 core samples collected during that drill program are being processed and expected to be announced within the next three weeks.
Bob Dickinson, Chairman of Quartz commented, "These claim acquisitions are strategically important to Quartz as they allow us to rapidly move the Maestro Project forward. Our property assessments to date indicate Maestro hosts multiple overlapping precious and base metal mineralizing events over a large area. Historical drilling of 24,300 meters at Lone Pine delineated a sizable and higher-grade molybdenum porphyry deposit. We believe this system is the heat-engine for potentially extensive, epithermal gold and silver mineralization in addition to molybdenum and copper outboard of the Lone Pine deposit."
Figure 1: Plan map showing Lone Pine and North claim acquisitions within Maestro Property.
The Lone Pine mineral claim was purchased from Eagle Plains Resources Ltd., an arms-length vendor, for 750,000 common shares of the Company and a 2% NSR royalty, of which 1.5% can be purchased at any time by payment of $5 million. The shares are subject to a 24-month contractual resale restriction and a further right for the Company to arrange purchasers of the shares in the case of resales after that period. The Lone Pine transaction is subject to customary TSX Venture Exchange acceptance and closing conditions.
The North mineral claim was purchased from Shawn Merkley, an arms-length vendor, for $24,000, 45,000 common shares of the Company, and a 2% NSR royalty which can be purchased at any time by a payment of $2 million. The cash and common shares will be paid in three equal installments ($8,000 and 15,000 common shares) over two years with the first installment due upon closing. The North transaction is subject to customary TSX Venture Exchange acceptance and closing conditions.
Historical Resource Estimate at Lone Pine Claim1
Drilling of some 24,300 meters was completed historically in 49 holes at the porphyry molybdenum deposit on the Lone Pine claim by previous owners. A historical estimate of the mineral resources was also done and comprises Measured and Indicated Resources (M+I) of 110Mt grading 0.083% Mo, and Inferred Resources of 25.8Mt grading 0.088% Mo at a 0.04% Mo cut-off described in NI-43-101 Technical Report, effective date of January 21, 2011, by P & E Mining Consultants Inc. for Bard Ventures Ltd.
A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.
Additional work needs to be done to upgrade or verify the historical estimate as current mineral resources. Quartz has not yet conducted any drilling on the Lone Pine mineral property. Thus, the historical estimate and historical drilling are of uncertain relevance and reliability.
Qualified Person
Farshad Shirmohammad, M.Sc., P.Geo., a Qualified Person as defined under National Instrument 43-101, who is not independent of Quartz Mountain Resources Ltd., has reviewed and approved the technical content of this news release.
_________________________________________________________________________________
1 Technical Report and Preliminary Economic Assessment of the Lone Pine Project for Bard Ventures Ltd by P&E Mining Consultants Inc., effective date January 21, 2011, is filed on the profile for St James Gold Corp. (formerly Bard Ventures Ltd.) at www.sedarplus.ca.
M+I includes 33.4Mt grading 0.092% Mo in measured category and 76.98Mt grading 0.079% Mo in indicated category.
The historical estimate used ordinary kriging constrained by grade domain and lithologic solid models. Only molybdenum grades were estimated. Assay grade distribution was evaluated statistically before compositing with no cutting or capping deemed necessary. Density measurements were made on 83 core samples; density was assigned based upon the median value for each lithologic domain. "Best Fit? 10 m downhole composites were generated within a grade shell domain based on a 0.02% Mo cut-off grade. Semi-variograms were modeled in order to develop kriging parameters, search parameters and anisotropy. Block size was set at 20 x 20 x 10 m, and block grades estimated using three interpolation passes with increasing search distance. The model was validated by comparing to nearest neighbour estimated and composite grade distributions, swath plots and visual inspection of sections and plans. Classification as measured, indicated and inferred was based upon constraints including zone, drilling density and distance to nearest composite. The report states that classification was done in accordance with CIM Standards.
A preliminary open pit optimization was carried out in order to identify potential open pit resources. A number of Lerchs-Grossmann pit shell envelopes were generated by varying operating costs, metal prices and pit slope parameters. The 0.04% cutoff assumed a Mo price of US$25/lb. (85% recovery), mining cost of $2.00 per rock tonne and processing/refining/general and administration ("G&A") costs of $10.00 per tonne processed.
About Quartz
Quartz Mountain Resources Ltd. (TSXV:QZM),(OTC PINK:QZMRF) is a restructured mineral exploration company headquartered in Vancouver, Canada. It is focused on discovering and transacting high-value gold, silver, and copper projects. The Company holds 100% of the Maestro Gold-Silver-Molybdenum-Copper Property and 100% of the Jake Copper-Gold-Silver Property. Both projects have access to infrastructure and high potential for important resources and future transactions. The BC government has awarded permits for 50 drill sites for each project.
Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35-years of successfully discovering, developing, and transacting mineral projects in Canada and internationally. Former HDI projects in BC included, Mount Milligan, Kemess South, and Gibraltar - all of which are porphyry deposits with current or former producing mines. Other well-known projects with HDI involvement include Sisson and Prosperity in Canada, Pebble and Florence in the United States, and Xietongmen in China.
Quartz is committed to the advancement of important scale, critical and essential mining assets while following responsible mineral development principles, including a mandate to employ best practice approaches in the engagement and involvement of local communities, and meeting rigorous environmental standards.
On behalf of the Board of Directors
Robert Dickinson
Chairman
For further details, contact Robert Dickinson at:
T: (604) 684-6365 or within North America at 1-800-667-2114.
E: info@quartzmountainresources.com
W: www.quartzmountainresources.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 Statement Regarding Forward-Looking Information.
This release includes certain statements that may be deemed "forward-looking-statements". All statements in this release, other than statements of historical facts are forward-looking-statements. Although the Company 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 in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Company's projects will obtain all required environmental and other permits, and all land use and other licenses, studies and exploration of the Company's projects will continue to be positive, and no geological or technical problems will occur. Though the Company believes the expectations expressed in its forward-looking-statements are based on reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory personnel. Factors that could cause actual results to differ materially from those in forward-looking statements include variations in market prices, continuity of mineralization and exploration success, and potential environmental issues or liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government policies regarding mining and natural resource exploration and exploitation, and exploration and development of properties located within Aboriginal groups asserted territories that may affect or be perceived to affect asserted aboriginal rights and title, and which may cause permitting delays or opposition by Aboriginal groups, 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. For more information on the Company, and the risks and uncertainties connected with its business, investors should review the Company's home jurisdiction filings as www.sedarplus.ca and its 20F filings with the United States Securities and Exchange Commission at www.sec.gov.
SOURCE: Quartz Mountain Resources Ltd.
CMC Metals Identifies Significant Exploration Potential on Its Silverknife Property in the Emerging Rancheria Silver District, Northern B.C.
https://www.accesswire.com/844823/cmc-metals-ltd-identifies-significant-exploration-potential-on-its-silverknife-property-in-the-emerging-rancheria-silver-district-northern-bc
Wednesday, 20 March 2024 08:00 AM
VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(CMCXF:OTCQB) ("CMC" or the "Company") is pleased to announce that the Company has completed a detailed review of over 4 decades of historical and recent exploration data on its Silverknife Property that has resulted in the identification of four large zones with significant exploration potential. The review was completed by CMC's Project Geologist Cesar Symonds along with Company President and Chief Geoscientist, Kevin Brewer.
The Silverknife Property is located immediately west of Coeur Mining Inc. very high-grade silver-lead-zinc-critical minerals carbonate replacement deposit (i.e the "Silvertip mine") located in the emerging Rancheria Silver District in north-central British Columbia. CMC has only conducted preliminary exploration at the Silverknife Property and intends to focus future exploration efforts on the property. The company will also continue to advance exploration and evaluation of the Amy and Silver Hart properties in the Rancheria Silver District when market conditions improve.
Mr. John Bossio, Chairman of the Company noted "Silverknife is a property with significant exploration merit and now that we have secured 100% ownership we are working diligently to secure a strategic partner to advance an aggressive exploration program. We remain very committed to all of our projects in the emerging Rancheria Silver District."
Mr. Kevin Brewer, P.Geo. and President and CEO of the Company noted that "Our in-depth analysis of the data produced some highly positive results. That work truly demonstrated to us the vast exploration potential encompassing a majority of the property area. We accomplished a lot in 2023 including the establishment of a 20 person modern camp facility, confirmation of the Cassiar instrusive, and identification of significant fault structures and mineralization in the Silverknife Prospect Zone. This hard work has culminated in the generation of a very detailed exploration plan which we now plan to implement. We expect to focus initial work efforts in the Tootsee North and Silverknife South and a description of the positive features of these areas is further described. I look forward to a very successful 2024 exploration season at Silverknife."
Details of the results on the property analysis are presented in the following sections and related figures.
Overall Potential
The overall exploration potential is considered to be high at the Silverknife Project. Figure 1 identifies four key zones, a majority of which remain relatively unexplored with each having characteristics that are typically associated with silver-lead-zinc carbonate replacement ("CRD") and skarn deposits.
As previously noted, the Silverknife property is located immediately adjacent to the west of the Silvertip Mine owned by Coeur Mining Inc. Silvertip is one of the highest-grade silver-lead-zinc CRD's in the world and Coeur have achieved spectacular results from recent exploration efforts at Silvertip.
Being proximal to a deposit like Silvertip is important as CRD deposits tend to form in clusters and along structural corridors with regional targets based on a "hub and spoke" model. Silverknife is located along one of the potential "spokes" or structural corridors. Other positive aspects of Silverknife include the presence of the host rock to Silvertip, the McDame limestone, found in outcrops in both the northernmost and southernmost portions of the Silverknife property, positive geochemistry, and a non-compliant historic resource with reported high grades in drill intersections at Silverknife Prospect.
Limited mapping and exploration activity of these areas has been conducted to date by previous explorationists and CMC. These areas all merit considerably more exploration. Required work will include, but may not be limited to, geochemical sampling, detailed geological/structural mapping, and ground geophysics. These techniques will serve to target possible faults which are prime areas for mineralization and/or the presence of sulfides with the expected result to be numerous drill targets.
Zones with Exploration Potential at Silverknife
CMC has highlighted four target zones (see Figure 1) on the property, all of which require considerable exploration to truly evaluate their potential. These are detailed in the following sections.
1. Tootsee North: Interest in this zone stems from (see Figure 2):
The defined presence of McDame Limestone in outcrops
A large coincident gravity-conductivity anomaly
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the overlying McDame limestone
Likely presence of faults which present possible conduits for fluid movements
Work required in this area includes the completion of road access, grid establishment and line cutting, Induced Polarization, VLF and possibly CSMAT geophysical studies, trenching (if possible), and geochemical sampling to pinpoint drill targets.
2. Central Zone: Interest in this zone stems from (see Figure 3):
A large and strong EM conductivity anomaly that is oriented northeastwards and extends across the entire property from the western boundary to the eastern boundary
Significant and areally large silver, lead and zinc geochemical anomalies within incised valleys that to date have no identified source. Potential sources include possible mineralization upslope from the Tapioca sediments (primarily limestones and sandstones) or sources at depth (potentially the Kechika/Atan Group sediments which are known to be mineralized elsewhere in the belt)
possible large NW oriented fault structures that are now represented by incised creeks which could be conduits for mineralization
These anomalies also demonstrated a possible zonational pattern which would be consistent with CRD mineralization
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
Work in this area proposed will include detailed geological and structural mapping, and wherever possible IP, VLF and CSMAT geophysical surveys. The area is topographically challenging in the upper parts of the geochemical anomalous areas.
3. Silverknife South: Interest in this zone stems from (see Figure 4):
Complex fault structures with multiple orientations cutting through McDame and Tapioca Group sediments present possible conduits for mineralization
Identified outcrops of McDame limestone
Hydrothermal and iron oxide alteration zones
Large dyke complex
Immediately north of Coeur's
This is one of the least known areas of the property to date. It requires detailed geological/structural mapping, geochemical sampling and possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.
4. Silverknife Prospect: Interest in this zone stems from (see Figure 5):
Identified high grade silver-lead-zinc drill intersections in historical drilling
Evidence of faulting presenting possible conduits for mineralization, with recently defined fault structures from the 2023 drilling campaign
Known targets yet to be drilled as the 2023 drill program was limited to approximately 1,400 meters of drilling which is a small program
Geochemical anomalies
A conductivity anomaly identified from the airborne survey
Proximity to the Cassiar intrusive - a potential heat source to enhance the movement of mineralizing fluids into the local sediments
Drill modelling showing that further potential for expansion of a historical resource remains open along strike and at depth
Despite minimal success in the 2023 drilling in this area, only a small area of the Silverknife Prospect was covered and opportunities remain to expand non 43-101 compliant historical resources in this area. Further proposed work includes possible IP, VLF and CSMAT geophysical surveys to pinpoint drill targets.
The Future Outlook
Our hope is to make a significant discovery of a CRD/Skarn deposit at Silverknife in the near future. Our short-term plan is to secure a strategic partner for the project likely in an earn-in arrangement. With a discovery at Silverknife, or on one of other properties in the Rancheria Silver District, our plan would be to advance drilling and resource definition at a rapid pace to eventually enable the completion of a preliminary economic assessment of the project.
This will enable CMC to also secure project investment which it will utilize on this project and also serve to advance the Amy and Silver Hart projects that also merit additional exploration. CMC is looking to option the Logjam (Yukon) and Bridal Veil (Newfoundland) projects and will consider a range of alternatives to advance all of its projects in the near future.
Qualified Person
Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.
On behalf of the Board:
"John Bossio"
John Bossio, Chairman
CMC METALS LTD.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (+52) 669 198 8503
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.
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 certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. 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 the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. 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 market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. 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."
SOURCE: CMC Metals Ltd.
Hanstone Gold Announces Doc Property Mineral Resource Estimate with a Middle Range of 172,000 Tonnes Containing 15.1 g/t Au and 65.2 g/t Ag
https://thenewswire.com/press-releases/1kVGFv16M-hanstone-gold-announces-doc-property-mineral-resource-estimate-with-a-middle-range-of-172-000-tonnes-containing-15-1-g-t-au-and-65-2-g-t-ag.html
Vancouver, BC, March 20, 2024 / TheNewswire / Hanstone Gold Corp. (TSX.V:HANS) (FRA:HGO
Independence Gold Commences Spring Drill Program at 3Ts Project, BC
https://www.newsfilecorp.com/release/202170
March 19, 2024 8:00 AM EDT | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce the commencement of a diamond drill program at its 100% owned 3Ts Project, located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project.
The spring drill program will consist of approximately 20 planned drill holes totaling a minimum 4,200 metres ("m") and will focus on the underexplored sections of the Ted-Mint and Tommy Vein Systems, especially at depth where there is the potential for high-grade intercepts that will be used to expand the existing mineral resource (see report titled "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada" authored by Armitage and Miller, effective August 18th, 2022; please see news release dated August 18, 2022 for further details).
The drill budget will also allow for the testing of several geophysical targets located 400m west of the Tommy Vein, collectively known as the "Balrog" anomaly, and further testing of the Johnny and Ian veins and the Ootsa copper-silver target. The estimated budget for the spring drill program is $1.9 million.
The 3Ts Project is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50 m to more than 1,100 m in length and true widths up to 25 m, have been identified.
About Independence
Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website www.ingold.ca.
Andy Randell, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
"Randy Turner"
Randy Turner, President and CEO
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959
Facsimile: 604-687-1448
E-Mail: info@ingold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company's planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence's public filings under Independence Gold Corp.'s SEDAR profile at www.sedar.com. Although Independence 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 may be other factors that cause actions, events or 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. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
SOURCE: Independence Gold Corp
Interra Copper Issues Letter to Shareholders
https://www.newsfilecorp.com/release/202330
March 19, 2024 5:55 PM EDT | Source: Interra Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2024) - Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to issue the following letter from its Chairman, President & Chief Executive Officer, Rick Gittleman, updating shareholders on the Company's plans for unlocking value from its assets while executing on a prudent yet strategic work plan in 2024.
To our fellow shareholders of Interra Copper Corp.,
I'm writing to you today with great enthusiasm for a busy and productive 2024. Over the year, Interra's leadership will be focused on maximizing shareholder value through exploration on multiple projects and initiatives. The team has spent time prioritizing and re-evaluating the Company's projects - re-interpreting data to identify the best targets and regions within those projects. The overall goal was to determine optimal exploration programs and to also eliminate non-productive assets and costs that are generating no real value for the Company.
We ended 2023 on a positive note - closing on a multi-round non-brokered flow-through private placement financing raising C$1.14 million in December 2023 and positioning the Company for near term exploration work in British Columbia. We are especially excited to put this money to work and commence exploration at the Rip Copper-Molybdenum Project, the newest addition to our exploration assets. In December 2023, in connection with the Rip Project, we acquired an option for up to an 80% earn-in and joint venture agreement with ArcWest Exploration Inc. Rip's geological attributes make a compelling case for prioritized exploration. The fully permitted exploration project is located in central British Columbia (BC), an established mining region on Canada's west coast, and situated in a prolific belt of Late Cretaceous intrusions (Bulkley Plutonic Suite), host to numerous past producing mines and well-known Copper and Molybdenum deposits, such as Huckelberry, Endako, Granisle and Granduc.
Together with our partner, ArcWest, we have begun to develop a significant exploration plan for the Rip Project. New work, completed in late 2023, included a modest till cover geochemical sampling program. Follow-up work to aid with drill target definition will include a drone supported high resolution magnetic survey in addition to a 3D Induced Polarization survey this summer. The Rip technical committee is also currently in the process of finalizing options and costs for a modest drill program based on an assumption of success with the early exploration. Interra has flow-through qualified CEE "Canadian Exploration Expenses" funds available to support both of our BC projects, with funds not going to Rip in 2024 to be dedicated to our other exciting BC porphyry project, the Thane Project.
Our 100% owned Thane Project is a district scale copper-gold project covering a 20,658-hectare concession within the Quesnel Terrane in Northern British Columbia. The Quesnel Terrane is a prolific porphyry belt with significant copper, gold, silver, molybdenum mineralization. Thane sits amongst existing mines and other known significant deposits, such as Centerra Gold's Mt. Milligan Mine and Kemess North Deposits, North-west Copper's Kwanika and Stardust and Pacific Ridge's Kliyul Deposits and the Company classifies it as underexplored. Six mineralized copper-gold target areas have been identified to date and in late 2023 Interra engaged in an independent review to re-assess past work and re-interpret the project data with a view to an integrated life of project dataset and a new strategy for discovery. Our consultant has extensive and relevant experience with Northern Cordillera copper-gold systems both as a senior exploration specialist with major mining companies and with specific direct experience in the district surrounding Thane Project as a technical adviser on the same style of deposits Thane has the potential to host.
Based upon the results of the review, we are anticipating work contemplated for 2024 will include both ortho-imagery and high-resolution topographical surveys to support field reviews and targeted rock geochemistry to help vector towards mineral centres. This work will be focused on maximizing the use of previously invested data and ensuring a well thought out systematic discovery program can be developed for the next phase of work. This next stage of work is expected to include detailed magnetic geophysical surveys and focused geological mapping of the mineralization and alteration of specific copper-gold target zones to prepare for discovery drilling.
Given the large size of the property and multiple mineral centres identified to date, Interra has also begun a search for a senior company partner in order to accelerate these plans and provide support to a longer-term discovery strategy to maximize the value of the asset. Exploration plan details for 2024 will be shared with the market in the coming weeks.
While Thane is fully permitted for all planned work in 2024, ahead of this work, we have continued previous discussions with local First Nations representatives to ensure open and transparent communication with the Nations and local communities and to allow for integration of traditional territories. Interra is committed to responsible exploration in the regions in which we operate and we look forward to working closely with local First Nations and partners as we further advance our assets in this region.
Chile has proven to be of decreasing attractiveness especially over the past twelve to eighteen months, culminating with what amounts to a burdensome "tax" on exploration ventures and capital. Management does not see this policy improving anytime soon. Our drilling program at Tres Marias yielded no positive results. Pitbull and Zenaida are greenfield projects in very early stages of exploration which technically rank lower than our BC exploration portfolio. Unfortunately, the government of Chile this year increased significantly the annual claim fees that need to be paid to maintain the concessions; claim fees that amount to unacceptable overhead costs to the Company and that represent a drastic increase from previous years. Accordingly, based upon the results at Tres Marias, the Interra board of directors (Board) has consented to divesting these projects for nominal compensation or to return the claims to the government. Nonetheless, we are very excited about both Rip and Thane. We need to use our resources prudently. Accordingly, these projects will be pursued with much greater focus and resources. We believe that our funds can and must be better spent in jurisdictions like BC, Canada.
Interra anticipates 2024 will be a pivotal year for the Company, both in terms of improving market conditions, and with new discovery focused programs initiating at two projects in British Columbia. With the backdrop of strong metals prices, particularly copper and gold, we look forward to unlocking the potential of our highly prospective exploration assets located in a great jurisdiction. Additionally, consistent with our corporate strategy, the Company continues its search for brownfield and resource-level copper development project opportunities with the potential for high impact. We continue to seek out special opportunities that will prove valuable to the Company and our shareholders.
Finally, and on a personal note, it has been a great pleasure working with my colleagues on the Interra Board and with the Interra management team. I have also been extremely impressed by our shareholders who stand by and support the Company. The support I have received is meaningful to me personally. Originally it was not my intent to take on the role of the Chief Executive Officer on a permanent basis as recently announced, however, the past six months have convinced me that the Interra team and vision is the right one and that the shareholders of Interra need a CEO fully committed to the Company's success. Moreover, I have, along with other Board members, increased our shareholdings in Interra and financially invested in the Company through participating in the recent and current private placements.
Thank you again to you, the shareholders, for your ongoing support coming out of what has been a very tough market. Interra has a very skilled and dedicated leadership team with a long track record of success. We remain committed to creating value through our focused copper-gold discovery programs.
Sincerely,
Rick Gittleman
Chairman of the Board, President & Chief Executive Officer
Interra Copper Corp.
About Interra Copper Corp.
Interra Copper Corp. is focused on building shareholder value through the exploration and development of its portfolio of early-stage exploration copper assets located in British Columbia, Canada and Chile.
The Company's portfolio includes three exploration projects in British Columbia: Thane, Chuck Creek and Rip. The Thane Project located in the Quesnel Terrane of Northern BC spans over 20,658 ha with 6 high-priority targets identified demonstrating significant copper and precious metal mineralization. Chuck Creek is an early-stage exploration project located within the Eagle Bay Assemblage. The Company has an earn-in option up to 80% and joint-venture agreement on the Rip Project located in Stikine Terrane in a prolific belt of Late Cretaceous (bulkley plutonic suite), known for copper-molybdenum deposits. The Company also owns three copper projects located the Central Volcanic Zone, within a prolific Chilean Copper belt: Tres Marias and Zenaida in Antofagasta Region, and Pitbull in Tarapaca Region.
Interra Copper's leadership team is comprised of senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Interra Copper is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which we operate. The Company's common shares are principally listed on the Canadian Stock Exchange under the symbol "IMCX". For more information on Interra Copper, please visit our website at www.interracoppercorp.com.
On behalf of the Board of Interra Copper Corp.
Rick Gittleman
Chairman, President & CEO
For further information contact:
Katherine Pryde
Investor Relations
+1 (778) 949-1829
investors@interracoppercorp.com
Forward-Looking Information
Forward-Looking Statements: This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the Company's plans on the Thane and Rip Projects, and the potential results of exploration work on the projects, as well as the Company's intent and ability to divest its Chile assets. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available on SEDAR+ at www.sedarplus.ca and the Company's website. We seek safe harbor.
SOURCE: Interra Copper Corp.
Bathurst Metals Announces Completion of Successful Diamond Drilling Program at the Peerless Project, Gold Bridge Area, B.C.
https://thenewswire.com/press-releases/1AlpF92Jp-bathurst-metals-announces-completion-of-successful-diamond-drilling-program-at-the-peerless-project-gold-bridge-area-b-c.html
Vancouver, B.C. -- TheNewswire -- March 19, 2024—Bathurst Metals Corp. (“Bathurst” or the “Company”) (TSXV:BMV) (OTC:BMVVF) is pleased to announce the completion of the Company’s inaugural diamond drilling program on our Peerless Project, testing the Beta Zone area. The program entailed completing four HQ-size diamond drill holes for 702.0 metres. The Peerless Property is in the historic Bralorne-Gold Bridge Mining Camp area in southwest British Columbia.
The company initially planned to drill three (3) holes totaling 600 metres. Based on the extent and concentrations of mineralization and noted visible gold, the program was expanded to four (4) holes for a total of 702.0 metres.
Mineralization consisted mainly of fracture-controlled to semi-massive arsenopyrite, pyrite, galena, and sphalerite associated with quartz veins, quartz-carbonate veining, micro-veining, and areas of extensive silica flooding. Intense clay alteration also occurs near sulphide mineralization. Mineralization is hosted mainly within brecciated and listwanite altered (carbonate, serpentine, talc, ± mariposite/fuchsite) ultramafics, sparse feldspar porphyry dykes and carbonatized felsic dykes.
This successful drill program allowed the Company geologists to confirm the occurrence of an east-west trending, near vertical structure associated with mineralization. The structure appears to offset the local dykes, and based on airborne and ground magnetic surveys, several additional structures may occur on the property in areas of elevated base and precious metals present in historic soil samples.
Lorne Warner, P.Geo, President of Bathurst Metals Corp., States, “ We were very successful in our first drilling program consistently locating and encountering significant concentrations of mesothermal sulphide mineralization in the target east-west trending structure we believe is responsible for the gold mineralization. Confirming our hypothesis, visible gold was indeed observed to be associated with sulphide mineralization. We also suspect we have located a second similar gold-bearing structure, both of which remain open along strike and to depth.”
Once the Company has received and compiled the multi-element analysis ICP (Induced Coupled Plasma) and gold fire assay data of the 108 selected samples. The Company will consider further drill testing in late spring 2024 as the structure remains open along strike and down-dip. Assay results are pending.
Qualified Person
Mr. Greg Bronson, P.Geo., is a "Qualified Person" as defined by National Instrument 43-101. Mr. Bronson has approved the dissemination of the scientific and technical information in this news release.
On behalf of the Board of Directors
“Harold Forzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley, Chief Executive Officer
info@Bathurstmetalscorp.com
604-783-4273
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.
About Bathurst Metals Corp.
Bathurst Metals Corp. is an exploration-stage company engaged in the acquisition, exploration, and development of mineral properties in Nunavut and British Columbia, Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregor Lake, Speers Lake, Gela Lake and McAvoy Lake Projects in Nunavut and the Peerless Property a gold /silver prospect in the historic Bralorne Camp in British Columbia.
Enduro Metals Receives 5-Year Area Based Exploration Permit for the Newmont Lake Property
https://www.newsfilecorp.com/release/202060
March 18, 2024 7:30 AM EDT | Source: Enduro Metals Corporation
Kelowna, British Columbia--(Newsfile Corp. - March 18, 2024) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro" or the "Company") is pleased to announce the BC Ministry of Mines, Energy and Low Carbon Innovation has approved a new 5-year Mines Act permit to continue to undertake mineral exploration activities at the Company's 100% owned Newmont Lake Property. The permit will be in effect for five (5) years with a provisional expiry date of March 31st 2029.
The Mines Act permit which has been issued to the Company is required to, inter alia, enable the construction of drill pads and helipads, undertake IP surveys, store fuel on the property and maintain the Company's exploration camp infrastructure. The permit was approved following consultation with the Tahltan Central Government and the Province of British Columbia.
Cole Evans, CEO, commented: "Project permitting and consent have been major topics within the political landscape of British Columbia over recent months, so we are delighted to have received the 5-year renewal of Newmont Lake's exploration permit. Not only will this permit allow for 100 new drill sites, but it is also a signal of support for our exploration activities in the Newmont Lake area.
I would like to express my gratitude to our team, and the continued support from our partners at the Tahltan Central Government and the Province of British Columbia for their collaborative efforts throughout the permitting process."
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km2 property located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden Triangle. Building on prior results, the Company's geological team have outlined multiple deposit environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"Cole Evans"
Chief Executive Officer
For further information please contact:
Ali Wasiliew - Manager of Communications
Tel: + (236) 420-4050
Email: wasiliew@endurometals.com
Email: info@endurometals.com
https://www.endurometals.com
As a continued effort to keep investors, interested parties and stakeholders updated, we have several communication initiatives. If you have any questions online (Twitter, Facebook, LinkedIn, or Instagram) feel free to send direct messages or a post and include the hashtag #askENDR.
Forward-Looking Statements
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 Enduro's actual results, performance or achievements, or developments in the industry 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.
Although Enduro believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, 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.
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. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Enduro Metals Corporation
TDG Gold Completes Acquisition of Oxide Peak Mineral Tenures, Toodoggone District
https://www.accesswire.com/843283/tdg-gold-completes-acquisition-of-oxide-peak-mineral-tenures-toodoggone-district
Thursday, 14 March 2024 07:20 PM
WHITE ROCK, BC / ACCESSWIRE / March 14, 2024 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the completion of acquisition of a 100% interest in the Oxide Peak mineral tenures ("Oxide Peak") located in the Toodoggone District of north-central B.C.
Oxide Peak covers 8,490 hectares of prospective exploration ground1 to the north of, and contiguous with, TDG's Baker Complex. Since signing the initial option agreement with ArcWest Exploration Inc. ("ArcWest") in December 2019 (the "Option Agreement"), TDG has completed approximately $3.3 million of exploration expenditures on Oxide Peak, including 2,050 metres of diamond drilling and identifying several targets1 prospective for the discovery of porphyry copper +/- gold systems.
Fletcher Morgan, TDG's CEO, commented: "Our two most recent news releases (Feb 28, 2024 and Mar 07, 2024) highlighted our progress redefining TDG's 100% owned Baker Complex, showing its potential1 to host multiple intrusive-related copper-gold-molybdenum porphyries1. Closing the acquisition of the Oxide Peak project enables us to include a portion of the Oxide Peak mineral tenures within the Baker Complex, as we advance our dialogues for a potential joint venture partner to drill test the new porphyry targets1 we have identified."
Per the terms of the Definitive Purchase Agreement announced Feb 14, 2024, TDG has paid $100,000 and issued 412,031 common shares of TDG (the "TDG Shares") to ArcWest. TDG has also granted a 2% net smelter returns royalty on Oxide Peak to ArcWest, of which 1% may be repurchased by TDG for $1.0 million. The TDG Shares will be subject to a four-month hold period under applicable securities laws expiring July 15, 2024, as well as certain orderly sales requirements agreed to between TDG and ArcWest. The former option agreement with ArcWest in respect of the Oxide Peak property has been terminated.
Qualified Person
The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo., Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43-101.
1Mineral Exploration/Exploration Target Area(s): Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.
About TDG Gold Corp.
TDG is a major mineral tenure holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership. TDG's flagship projects are the former producing, high-grade gold-silver Shasta and Baker mines, which produced intermittently between 1981-2012, and the historical high-grade gold Mets developed prospect, all of which are road accessible, and combined have over 65,000 m of historical drilling. The projects have been advanced through compilation of historical data, new geological mapping, geochemical and geophysical surveys and, at Shasta, 13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In May 2023, TDG published an updated Mineral Resource Estimate for Shasta (TDG news release May 01, 2023) which remains open at depth and along strike. In January 2023, TDG defined a larger exploration target area adjacent to Shasta (‘Greater Shasta-Newberry'; TDG news release Jan 25, 2023). In Fall 2023, TDG published the first modern drill results from the Mets mining lease (TDG news releases Sep 07, 2023, Sep 11, 2023 and Nov 28, 2023). In early 2024, TDG identified new copper-gold target areas over an expanded footprint covering ~42 sq.km known as the ‘Baker Complex' (TDG news release Feb 28, 2024).
ON BEHALF OF THE BOARD
Fletcher Morgan
Chief Executive Officer
For further information contact:
TDG Gold Corp.
Telephone: +1.604.536.2711
Email: info@tdggold.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.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as, "opportunities", "prospective", "potential", "expand", "associate", "prospective", "target" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: whether suitable joint ventures can be formed; whether future exploration programs will successfully define potentially economic mineralization; the timing and availability of funding to support such exploration; accidents, labour disputes and other risks common to the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which 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 events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE: TDG Gold Corp.
American Eagle Gold Planning 2024 NAK Property Exploration Program
https://www.newsfilecorp.com/release/201841
March 15, 2024 6:00 AM EDT | Source: American Eagle Gold Corp.
Highlights:
A fully funded 15,000-metre drill program will commence in May.
An Induced Polarization ground geophysical survey will begin in approximately three weeks that will aid in defining drill targets.
Initial targets will focus on expanding and outlining near-surface potential and linking higher grade zones in the south to those in the north (see details below).
Toronto, Ontario--(Newsfile Corp. - March 15, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF)
Osisko Development's gold mine with history of contaminating B.C. creek fined again
https://ca.news.yahoo.com/gold-mine-history-contaminating-b-130000915.html
CBC
Fri, March 15, 2024 at 6:00 a.m. PDT·3 min read
A wooden sign and mine shaft welcome visitors to the historic gold mining community of Wells, B.C. (Kate Partridge/CBC - image credit)
A gold mining company that discharged contaminants into a B.C. creek more than a thousand times since 2017 has now been fined over $250,000 for its most recent violations of environmental rules, according to a March 2024 report from the Ministry of Environment and Climate Change Strategy.
Barkerville Gold Mines, owned by Osisko Development since 2019, operates two gold mines and a processing mill in the mountainous Cariboo region, east of Quesnel, B.C., about 414 kilometres north of Vancouver. The environmental violations took place at its underground Bonanza Ledge gold mine.
The ministry's Determination of Administrative Penalty report documents the "discharge of effluent from an underground mine, rock dump drainage, site runoff and open pit effluent from a Sediment Control Pond" into Lowhee Creek.
The concentration and composition of effluents were in higher concentrations than permitted, the report says.
A truck parks outside the office of Osisko Development in Wells, B.C. The company has owned Barkerville Gold Mines since 2019. (Kate Partridge/CBC)
The report documented 417 separate violations on 68 different days in 2020 and 2021. It also noted previous violations, including 215 incidents in 2017, and 463 between 2018 and 2019.
Because the violations occurred so often, the frequency of aquatic exposure was "chronic and long term," according to the report.
It adds the company's environmental violations and release of contaminants may adversely affect aquatic life, as some of the contaminants, including nitrates, can harm invertebrates, fish and amphibians. Potential impacts include a reduced ability to reproduce, physical deformities and death, according to the government.
B.C.'s environment ministry initially fined Barkerville Gold $760,000 for the most recent environmental violations in 2020 and 2021. That was reduced to $276,360 after the company filed an appeal with a document that was 10,000 pages long.
The penalty was lowered in part because many of the violations happened during the COVID-19 pandemic, according to the ministry, which says in the report that public health rules, travel restrictions, and business closures delayed Barkerville Gold's ability to install and troubleshoot water treatment equipment, and to bring contractors and consultants to the site.
Barkerville Gold operates near the small community of Wells — about 63 kilometres east of Quesnel — and the Barkerville Historic Town and Park, a popular tourist attraction that recreates a living history gold rush boom town.
In an email to CBC news, District of Wells Mayor Ed Coleman said in his view, he has a good working relationship with the company, and that any penalties levied are in the hands of the province.
Coleman said it's important to note that the environmental violations for which the company is now being fined happened several years ago.
"I'm dealing with the present and the province can deal with the past."
'Very strange' to see fines reduced
Jamie Kneen, national program co-lead of Miningwatch Canada, an environmental and human rights advocacy group, told CBC News in an interview that it was "very strange" to see the fines reduced.
"It's striking. It seems kind of excessive, especially given the number of violations. What happens now? Do they do any cleanup? Or do they just say, 'Sorry'?"
In an email to CBC News, an Osisko Development spokesperson said the company will pay the administrative penalty and has taken "active steps to address these non-compliances."
The company says it has spent more than $2 million on a state-of-the-art water treatment facility at the Bonanza Ledge mine.
In 2021, the B.C. government approved the expansion of Bonanza Ledge.
In 2023, the province gave environmental approval to Osisko for a new mine, the Cariboo Gold Project, nearby.
Pacific Ridge Provides an Overview of Its Projects and Plans
https://www.newsfilecorp.com/release/201464
March 13, 2024 6:30 AM EDT | Source: Pacific Ridge Exploration Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to provide an overview of the Company's objective, its project portfolio, and its exploration plans for 2024 and beyond.
"Since optioning its flagship Kliyul copper-gold project from Centerra Gold Inc. in 2020, Pacific Ridge's goal has been to become British Columbia's leading copper-gold exploration company," said Blaine Monaghan, President & CEO of Pacific Ridge. "We now own, or control five copper-gold porphyry projects located in the prolific Quesnel and Stikine terranes in northcentral B.C. and are inarguably one of the province's leading copper-gold exploration companies. Pacific Ridge strongly believes that increased demand for copper, coupled with heightened political risk in Central and South America, will lead to more competition for copper-gold porphyry projects located in Tier 1 jurisdictions like B.C. Companies that own or control these projects will become increasingly prized."
Pacific Ridge's project portfolio includes the Kliyul copper-gold project ("Kliyul"), the Chuchi copper-gold project ("Chuchi"), the RDP copper-gold project ("RDP"), the Onjo copper-gold project ("Onjo"), and the Redton copper-gold project ("Redton"), all located in northcentral B.C. (see Figure 1).
Figure 1
Location of Pacific Ridge's Projects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_001full.jpg
About Kliyul
Owned 100% by Pacific Ridge, Kliyul is over 90 km2 in size and is located in the prolific Quesnel terrane close to existing infrastructure. Kliyul hosts several compelling exploration targets, including the Kliyul Main Zone ("KMZ") (see Figure 2) which has been the Company's focus since 2020. Pacific Ridge has completed more than 17,500 m of diamond drilling at KMZ and has expanded the known mineralized extents to 760 m east-west, up to 600 m north-south, and up to 650 m vertical. KMZ remains open in every direction and at depth. Drill highlights include drill hole KLI-21-037 which returned 316.7 m of 0.79% copper-equivalent ("CuEq")1 or 1.17 g/t gold equivalent ("AuEq")2 (0.30% copper, 0.70 g/t gold, and 2.17 g/t silver) within 566.7 m of 0.51% CuEq1 or 0.75 g/t AuEq2 (0.20% copper, 0.44 g/t gold, and 1.31 g/t silver) (see news release dated January 31, 2022).
To view all of Pacific Ridge's drill results from Kliyul, click on the link below.
https://pacificridgeexploration.com/site/assets/files/5969/2024-01-12_kliyul_assay_highlights_summary.pdf
Figure 2
Kliyul Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_002full.jpg
Pacific Ridge plans further exploration work this year, including ZTEM and MT geophysical surveys. The surveys are expected to refine the KMZ porphyry deposit model and aid targeting for higher-grade mineralization and a porphyry centre, which will be a focus of future drilling.
About Chuchi
Chuchi is over 160 km2 in size, is road accessible, and is located approximately 35 km northwest of Centerra Gold Inc.'s ("Centerra") Mount Milligan Mine (see Figure 3). Chuchi is comprised of three claim groups, Chuchi, under option from Centerra, and Chuchi South and Chuchi West, under option from American Copper Development Corporation. Pacific Ridge can acquire up to a 75% interest in all three claim groups.
Chuchi has a long history of exploration by companies such as Noranda, BP, and Rio Algom, including 8,886 m of drilling in 48 holes, of which 39 holes targeted the main BP zone. An additional 27 holes were drilled in 1991, including some drill holes in the Digger zone. Most of the drilling at Chuchi has been shallow, less than 150 m in length, with many of the drill holes ending in mineralization. Drill highlights include drill hole CH-91-42 which returned 50.0 m of 1.50% CuEq1 or 2.23 g/t AuEq2 (0.09% copper and 2.10 g/t gold) within 229.2 m of 0.51% CuEq1 or 0.76 g/t AuEq2 at the Digger zone (0.10% copper and 0.61 g/t gold) (hole ended in mineralization) (see news release dated December 11, 2023).
Figure 3
Chuchi Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_003full.jpg
The results of Pacific Ridge's ZTEM survey in 2022 and induced polarization survey in 2023 suggest that there are underexplored high-grade centres within the BP-Digger zone that have not been fully delineated. Further, the core of the porphyry system has yet to be identified. Pacific Ridge believes that Chuchi offers a significant discovery opportunity and plans to launch its inaugural drill program as soon as it is practical to do so.
About RDP
Owned 100% by Pacific Ridge, RDP is over 100 km2 in size and is located 40 km west of Kliyul in the Stikine terrane (see Figure 4). RDP was under option to Antofagasta Minerals S.A. ("Antofagasta") but was recently returned to the Company. From 2022 to 2024, Antofagasta funded 3,288 metres of diamond drilling in nine holes, 16 line-km of IP surveys, rock sampling, and soil sampling. Drill highlights include drill hole RDP-22-005 which intersected 107.2 m of 1.39% CuEq1 or 2.06 g/t AuEq2 (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq1 or 0.97 g/t AuEq2 (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver) at the Day target (see the news release dated October 25, 2022 for further information) (see Figure 4).
Mineralization at the Day target remains open in every direction, except to the south, and appears to be a porphyry dyke and pipe complex with strong east-west structural control and a steep plunge to the north or northeast. The known mineralized extents currently measure ~290 m east-west, ~100 m north-south, and up to ~600 m vertical depth.
Figure 4
RDP Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_004full.jpg
2022-2023 drilling results indicate that the mineralized porphyry intrusions are hosted in Lower Hazelton Group volcanic rocks. As such, the main-stage porphyry core mineralization may occur at greater depth towards the Takla-Hazelton Group unconformity, or within underlying Takla Group rocks. Drill hole RDP-23-007, a 300 m step out from drill hole RDP-22-005 was terminated at a depth of 573 m ending in strong porphyry copper-gold mineralization: 19.0 m of 0.45% CuEq1 or 0.67 g/t AuEq2 (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) (see news release dated November 23, 2023). Pacific Ridge believes that the Day target and other target areas at RDP continue to offer significant discovery opportunity.
About Onjo
Owned 100% by Pacific Ridge, Onjo is over 146 km2 in size, is road accessible, and adjoins the western boundary of Centerra's Mount Milligan Mine (see Figure 5) which hosts 250 million tonnes grading 0.17% copper (961 million lbs. of copper) and 0.35 g/t gold (2.822 million ounces of gold) in the Proven and Probable category3. Onjo hosts skarn and alkalic porphyry copper-gold mineralization associated with monzonitic phases of the Witch Lake intrusions cutting Takla volcanic rocks, similar to the mineralization and host rocks at Mount Milligan Mine (see Figure 5). The style of copper-gold mineralization returned in historical drilling, combined with the presence of nearby skarn occurrences, leads the Company to believe that past operators encountered the upper or peripheral levels of a tilted alkalic porphyry system and that Onjo has the potential to host an alkalic porphyry copper-gold deposit at depth.
Figure 5
Onjo Target
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_005full.jpg
Exploration in 2022-2023 included geological mapping, gridded soil sampling, and geophysical surveys (ZTEM and IP). Currently, there is a 2.0 x 1.7 km target area of interest, the Chica zone, which is located 20 km west of the Mount Milligan open pit. Chica contains three IP target areas over 2 km that coincide with anomalous porphyry pathfinder element geochemistry and surface mapping indicators. Further, it lies at the southeastern margin of multi-kilometre scale aeromagnetic anomaly, as does the nearby Mount Milligan mine.
About Redton
Owned 100% by Pacific Ridge, Redton is over 34 km2 in size and adjoins the eastern boundary of NorthWest Copper Corp.'s Kwanika copper-gold deposit. Several target areas exist at Redton: Catchment Basin, East Swan, NEX, Redton East, and Redton North. In 2022, after completing a targeted soil survey grid, the Company identified a surface geochemical target, the NEX zone, which is of similar size and orientation as the Kwanika Central Zone footprint. NEX zone is located 4.5 km east of Kwanika following an interpreted arc-transverse lineament and an AeroTEM geophysical feature of interest (see Figure 6).
Pacific Ridge is planning an induced polarization survey at Redton this year to help further refine future drill targets.
Figure 6
Redton Targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/201464_b1223a1734181bd6_006full.jpg
Yukon Gold Projects
Owned 100% by Pacific Ridge, the Mariposa Gold Project is over 295 km2 in size and is located in the White Gold District, ~30 km northeast of Newmont Corporation's Coffee Gold Project and ~40 km southeast of White Gold Corp.'s Golden Saddle. The geological setting of Mariposa is similar to Coffee and Golden Saddle in terms of the host lithologies, the structural controls and brittle style of deformation and the nature of gold mineralization. Drill highlights include drill hole 11-MP-01 which returned 6.44 g/t gold over 11.1 m within 2.44 g/t gold over 39 metres (see news release dated July 28, 2011). Mariposa is available for sale or option.
About Pacific Ridge
Our goal is to become British Columbia's leading copper-gold exploration company. Pacific Ridge's flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel terrane close to existing infrastructure. In addition to Kliyul, the Company's project portfolio includes the Chuchi copper-gold project, the RDP copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Investor Relations:
Tel: (604) 687-4951
Email: ir@pacificridgeexploration.com
Website: www.pacificridgeexploration.com
LinkedIn: https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-/
Twitter: https://twitter.com/PacRidge_PEX
1CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
2AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).
Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.
There has been no metallurgical testing on Kliyul, Chuchi, or RDP mineralization. Copper recoveries (CuR) estimated at 84%, gold recoveries (AuR) at 70%, and silver recoveries (AgR) at 65% based on the average recoveries from KUG, Mount Milligan, and Red Chris.
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
3https://www.centerragold.com/operations/mount-milligan/mount-milligan-reserves/
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.
The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Executive Chairman of Pacific Ridge and Qualified Person as defined by National Instrument 43-101 policy.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward looking statements in this news release include statements regarding further exploration work to refine targeting for higher-grade mineralization and a porphyry centre at Kliyul, drilling Chuchi as soon as it is practical to do so, drilling RDP as soon as it is practical to do so, and an induced polarization survey at Redton. Although Pacific Ridge 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, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed 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. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.
SOURCE: Pacific Ridge Exploration Ltd.
Canadian Critical Minerals Receives Additional Revenues from the Bull River Mine Project
https://www.newsfilecorp.com/release/201467
March 12, 2024 5:26 PM EDT | Source: Canadian Critical Minerals Inc.
Calgary, Alberta--(Newsfile Corp. - March 12, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it has received additional revenues for the Company 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 February 2024, the Company trucked 897 wet metric tonnes ("wmt") of mineralized material to New Afton under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+) and the Company received a provisional payment of approximately US$66,000 for the February shipments.
To-date the Company has trucked 977 wmt of mineralized material from the BRM to New Afton. The Company temporarily suspended trucking following the imposition of road restrictions in the last week of February. Road restrictions to 70% of normal loads has a negative impact on the economies of trucking. The Company will resume trucking once road restrictions are removed. Road restrictions were imposed approximately two months earlier than normal by the Ministry of Transportation and Infrastructure of British Columbia due to mild winter conditions in the Cranbrook area.
The mineralized material sent to New Afton in February 2024 was a combination of coarse material and fine material, but primarily fine material. There are approximately 45,000 tonnes of mineralized material on surface that has been screened and crushed by our contractor. To-date no mineralized material has been sent to the Steinert KSS 100 ore sorter pending commissioning by Steinert personnel. Steinert personnel arrived at the BRM on Tuesday, March 12, 2024, and have begun the commissioning process with BRM personnel. Once the ore sorter is commissioned, the Company will begin sending coarse mineralized material to the ore sorter for up-grading prior to trucking to New Afton. The Company expects that 40% to 50% of the coarse material is non-economical and only the higher-grade material will be sent to New Afton. Fine material will not be sent to the ore sorter.
Ian Berzins, President and CEO commented, "The receipt of additional revenues from the Bull River Mine is encouraging for the Company. While the revenues remain modest, we have successfully implemented the OPA with New Afton and we look forward to completing the commissioning of the ore sorter. Revenues for the Company are expected to increase by sending high-grade, pre-concentrated stockpiled material to New Afton."
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 34% 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.
North Bay Resources Announces Exploration at Murex Copper; Targets Historic Drill Holes up to 16m @ 6.1g/t Gold and Surface Samples up to >100g/t Gold
https://ca.finance.yahoo.com/news/north-bay-resources-announces-exploration-130000888.html
North Bay Resources Inc.
Wed, March 13, 2024 at 6:00 a.m. PDT·9 min read
NBRI
-6.67%
North Bay Resources Inc.
Figure 1
Figure 1. Noranda Murex Breccia Zones A-E
SKIPPACK, Pa., March 13, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce data compilation and exploration planning is nearing completion for its wholly owned Murex Copper project. Mobilization for exploration has commenced. Initial exploration will involve the updating of road and trail maps, identification of locations and landmarks using modern mapping techniques, including identification of previous surface sampling and drill collar locations at the Murex Breccia. Geochemical sampling, geophysics and geological mapping is expected to commence in earnest in April 2024 and continue throughout the Summer. The Company aims to further delineate the mineralized zones and begin the process of bringing the project compliant with modern exploration standards.
Extensive historical exploration by Standard Oil in the 1970’s and Noranda (Glencore), in the 1980’s, has provided a wealth of detailed data and information. The project is viewed as a transitional deposit containing significant copper-gold deposits across multiple zones and geological types, both large scale breccia and copper and gold bearing veins. Multiple drill sections of both high grade vein type copper and low grade, mass tonnage copper are known, up to 9% copper and continuous mineralized drill sections up to 120m @ 60 degrees, respectively (see press release dated March 6, 2024). Large intersections of gold in drill core up to 16m @ 6.1g/t gold have also been identified. In addition, historical surface samples from these zones are provided below showing significant gold and copper assays over large areas. This is separate and in addition to gold assays in the Northwest of the property where samples up to 60g/t gold were discovered in the Fall of 2023 (see Press Release dated March 6, 2024) confirming high grade gold in multiple zones as reported by previous operators.
Historical Geochemical Sampling
Although completed by qualified Geologists and Engineers of their day, historic results are not NI 43-101 compliant.
The Murex breccia zones are located in the central part of the property and are interpreted as a collapsed volcanic dome structure with shallow-dipping thrust faults cut by steeply dipping faults associated with polymetallic Cu-Ag-Au-As-Sb-Mo-Te bearing sulphide mineralization. Historic work identified a 700m X 700m area, the D Zone, along with the A Zone and E Zone, two breccia zones within a 1,200m X 3,000m area.
Figure 1. Noranda Murex Breccia Zones A-E
Figure 1. Noranda Murex Breccia Zones A-E
Noranda Surface Sampling 1987
Sample 17333 yielded 0.085% copper, 8.0 g/t silver and >100 g/t gold from a pyritic, pyrrhotitic alteration zone in a mixed lithology breccia from Zone D
Sample 17348 yielded 0.47% copper, 6.2 g/t silver, 0.14 g/t gold and 0.0026% molybdenum from a quartz veinlet in basalt with pyrite, pyrrhotite and chalcopyrite from Zone A
Sample 19012 yielded >1% copper, 18.2 g/t silver and 0.22 g/t gold from a quartz fracture filling in basalt from Zone B
Sample 19017 yielded >1% copper, 42.0 g/t silver and 1.4 g/t gold from a breccia containing pyrite, chalcopyrite and pyrrhotite from Zone B
Sample 19022 yielded >1% copper, 11.8 g/t silver and 0.22 g/t gold from a basalt fragment breccia containing pyrite, chalcopyrite & pyrrhotite from Zone B
Sample 19024 yielded >1% copper, 38.0 g/t silver and 0.24 g/t gold from gangue filled fractures in basalt from Zone B
Sample 27583 yielded >1% copper, 54.0 g/t silver and 0.12 g/t gold from an alteration zone in a pyritic diorite breccia from Zone C
Sample 27584 yielded >1% copper, 10.8 g/t silver and 0.08 g/t gold from pyrite and chalcopyrite bearing quartz veinlets in fractured basalt from Zone D
Noranda Surface Sampling 1988
Sample R-28001 yielded 1.3 g/t gold, 63 g/t silver, 5.1% copper from a select outcrop grab of massive sulphide in a basaltic breccia in Zone A
Sample R-28002 yielded 0.56 g/t gold, 26 g/t silver, 2.2% copper from a select outcrop grab of chalcopyrite vein in a basaltic breccia in Zone A
Sample R-28042 yielded 12 g/t gold, 28 g/t silver, 0.36% copper, from a select float grab of sulphidic basalt in Zone A
Sample R-28052 yielded 0.12 g/t gold, 17 g/t silver, 2.5% copper from a select matrix only outcrop grab sample from a mixed lithology breccia in Zone A
Sample R-44004 yielded 0.24 g/t gold, 27 g/t silver, 2.2% copper from a select outcrop grab sample of a fractured basalt with quartz and sulphides in Zone A
Sample R-43017 yielded 1.4 g/t gold, 17 g/t silver, 1.9% copper from a 1 m. square panel sample of sulphidic basaltic breccia in Zone A
Sample R-44028 yielded 0.74 g/t gold, 31 g/t silver, 3.8% copper from a select matrix only outcrop grab sample from a sulphidic basaltic breccia in Zone A
Sample R-27605 yielded 9.3 g/t gold, 125 g/t silver, 7.0% copper from a select outcrop grab of a sulphidic mixed lithology breccia in Zone D
Sample R-27606 yielded 6.9 g/t gold, 2.1 g/t silver, 0.23% copper from a select outcrop grab of a sulphidic mixed lithology breccia in Zone D
Sample R-28625 yielded 0.07 g/t gold, 83 g/t silver, 4.5% copper from a select outcrop grab of a sulphidic alteration zone in diorite breccia in Zone D
Sample R-28628 yielded 3.4 g/t gold, 54 g/t silver, 2.5% copper from a select outcrop grab of a sulphidic alteration zone with quartz veinlets in Zone D
Sample R-28010 yielded 4.8 g/t gold, 128 g/t silver, 5.7% copper from a select outcrop grab of a sheared, sulphidic basaltic breccia in Zone D
Sample R-28026 yielded 7.4 g/t gold, 0.5 g/t silver, 0.07% copper from a 0.27 m. chip sample from a sheared, quartz and iron oxide rich basalt in Zone D
Sample R-28089 yielded 9.0 g/t gold, 4.9 g/t silver, 0.26% copper from a select outcrop grab of a sulphidic basaltic breccia in Zone D
Sample R-28092 yielded 4.0 g/t gold, 31 g/t silver, 0.98% copper from a 0.88 m. channel sample of an altered, sulphidic shear in basalt breccia in Zone D
Sample R-28098 yielded 4.0 g/t gold, 16 g/t silver, 1.0% copper from a 0.19 m. channel sample of an altered shear zone in basalt breccia in Zone D
Sample R-28014 yielded 2.3 g/t gold, 22 g/t silver, 2.8% copper from a 0.1 m. channel sample of a sulphidic quartz vein in Zone D
Sample R-28120 yielded 5.0 g/t gold, 2.1 g/t silver, 0.13% copper from a 0.5 m. channel sample of a basaltic breccia in Zone D
Sample R-28122 yielded 10.4 g/t gold, 1.5 g/t silver, 0.13% copper from a 0.5 m. channel sample of a basaltic breccia in Zone D
Sample R-28123 yielded 4.3 g/t gold, 28 g/t silver, 1.4% copper from a 0.5 m. channel sample of a basaltic breccia in Zone D
Sample R-28124 yielded 4.4 g/t gold, 106 g/t silver, 5.9% copper from a 0.1 m. channel sample of a massive sulphide pod in a basaltic breccia in Zone D
Sample R-79784 yielded 8.5 g/t gold, 4.3 g/t silver 0.12% copper from a 5 m. chip sample of a sulphidic mixed lithology breccia in Zone D
Sample R-79797 yielded 1.1 g/t gold, 28 g/t silver, 2.8% copper from a sample of a sheared sulphidic quartz vein in basalt in Zone D
Tulameen Platinum, Magnesium, and Carbon Sequestration
Exploration at the Company’s 100% owned Tulameen Platinum Project is set to commence in the second half of April 2024. Historic assays by Imperial Metals resulted in two significant assays of 62g/t platinum and 31g/t platinum, including 4g/t gold. The property also contains a large magnesium deposit in the form of olivine and brucite, which is currently undergoing investigation for processing to magnesium oxide a widely used mineral with applications in the industrial, construction (wallboard and cement replacement), agricultural (fertilizer and animal nutrients), environmental (water treatment), and pharmaceutical (supplements) sectors. There is also great interest in the use of magnesium compounds, in particular the form of olivine and brucite, as occurs at Tulameen, for carbon sequestration. A large project is currently ongoing in Iceland, the world leader in geological carbon sequestration, utilizing magnesium compounds in situ. One tonne of olivine can bond with up to one-third of a tonne of CO2 making it one of the best natural carbon sinks. The global market for carbon sequestration price for carbon credits is in the $25 per tonne range, but this is heavily governed by local factors. The nearest carbon sequestration for British Columbia industry is out of Province in Alberta suggesting strong potential for a large scale storage facility and carbon credit creation and offset for industry in the western part of British Columbia due to the size of the deposit and potential monetization through existing carbon credit and offset programs. The Company anticipates providing further information on both the industrial magnesium compound and carbon sequestration potential of this project as developments occur. In addition, the Company will continue to focus on exploration for platinum group metals, in addition to copper, nickel and cobalt in and around the large olivine (Mg) deposit. Of note is the unique geology of the area, including, significant garnets and the historic report of a micro-diamond discovered in the southeast quadrant of the property.
Corporate Disclosure
The President and former CEO of the Company, Perry Leopold, has passed. The Company honors his many years of service to Northbay and the mining industry, in particular within the Province of British Columbia. Mr. Leopold leaves the Company with a strong portfolio of projects, including Murex Copper.
The Company CEO, Jared Lazerson has entered into an agreement to acquire certain Preferred Shares, by making payments to the Estate of Mr. Leopold, that upon completion would result in a change of control. An announcement will be made if and when a change of control occurs or is imminent.
Qualified Person
Andris Kikauka (P.Geo) is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical content of this news release.
On behalf of the Board of Directors of
NORTH BAY RESOURCES INC.
Jared Lazerson
CEO
jared@northbay-resources.com
northbay-resources.com
X: @NorthBayRes
215-661-1100
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.
Ranchero Finalises Option on Pinchi Lake Nickel Project in British Columbia, Canada
https://ca.finance.yahoo.com/news/ranchero-finalises-option-pinchi-lake-113000982.html
Ranchero Gold Corp.
Tue, March 12, 2024 at 4:30 a.m. PDT·3 min read
RNCH.V
0.00%
VANCOUVER, British Columbia, March 12, 2024 (GLOBE NEWSWIRE) -- Ranchero Gold Corp. (“Ranchero” or the “Company”) (TSX.V:RNCH) is pleased to announce that further to its press releases on November 21, 2023 and February 26, 2024, it has closed its option agreement (the “Option Agreement”) with Recharge Resources Ltd. (“Recharge”) whereby Ranchero can earn a 100% interest in the Pinchi Lake Nickel Project (the “Pinchi Project”). For further information regarding the Option Agreement, see the Company’s press release dated November 21, 2023.
The Pinchi Project consisting of six mineral claims totaling 3,917 hectares, situated approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia. Further information on the project can be found in the National Instrument 43-101 Technical Report on the Murray Ridge (Pinchi Lake) Property dated February 8, 2024 filed on SEDAR+ (www.sedarplus.ca) under the Company’s profile.
In accordance with the Option Agreement, Ranchero has issued 835,000 common shares in the capital of Ranchero to Recharge. The common shares are subject to a four-month hold period ending on July 13, 2024 in accordance with applicable securities laws.
The Option Agreement remains subject to the final approval of the TSX Venture Exchange.
Qualified Person
Scientific and technical information in this news release has been reviewed and approved by Martyn Buttenshaw, a director of Ranchero, who is a "qualified person" as defined by National Instrument 43-101.
About Ranchero Gold
Ranchero is an exploration and development company currently focused on the Pinchi Project. Ranchero can earn a 100% interest in the Pinchi Project, consisting of six mineral claims totaling 3,917 hectares, situated approximately 15 to 30 km northwest of Fort St. James and 120 km northwest of Prince George in central British Columbia.
On behalf of the Board of Directors of the Company:
Jesus Noriega
Interim Chief Executive Officer and Director
For further information, please contact:
Jesus Noriega
Interim Chief Executive Officer and Director
52 1 (662) 437 8520
info@rancherogold.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 Statements
This news release contains certain forward-looking statements. 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), or that are not statements of historical fact, may be “forward-looking statements”. Forward-looking statements contained in this news release include, but are not limited to, statements regarding the potential exercise of the option to acquire the Pinchi Project, and the final acceptance of the TSX Venture Exchange to the Option Agreement.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include but are not limited to: risks related to regulatory approval, including the approval of the TSX Venture Exchange and risks related to financial markets and mining companies generally. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
InZinc Reports Numerous Barite Intersections at Indy and Provides Corporate Update
https://www.newsfilecorp.com/release/201331
March 12, 2024 8:00 AM EDT | Source: InZinc Mining Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - InZinc Mining Ltd. (TSXV: IZN)
ROKMASTER RECEIVES A NOTICE OF DEFAULT IN RESPECT OF THE REVEL RIDGE PROJECT OPTION
https://www.newswire.ca/news-releases/rokmaster-receives-a-notice-of-default-in-respect-of-the-revel-ridge-project-option-800307989.html
Rokmaster Resources Corp. Mar 08, 2024, 21:27 ET
VANCOUVER, BC, March 8, 2024 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") announces that the Company has received a notice of default (the "Notice of Default") from Huakan International Mining Inc. ("Huakan") for the failure to make an option payment of C$19,400,000 to Huakan (the "Current Option Payment") due on February 25, 2024 pursuant to the terms of an option agreement dated December 23, 2019 between the Company, Huakan and Huakan's shareholders, as amended on January 30, 2023 (the "Option Agreement").
Pursuant to the Option Agreement, Huakan granted to the Company an option (the "Option") to acquire a 100% interest in Huakan's J&L Property (which the Company has renamed to the "Revel Ridge Project") located approximately 45 km from Revelstoke, British Columbia.
The Notice of Default states that the Company has until 4:30pm (Vancouver time) on April 8, 2024 to pay Huakan the Current Option Payment in full, failing which Huakan advises that it intends to immediately terminate the Option Agreement.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko
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.
SOURCE Rokmaster Resources Corp.
For further information: Contact Mr. John Mirko, CEO of Rokmaster, jmirko @Olive-290-4647 or visit the Company's website at: www.rokmaster.com; For Shareholder information please contact: Mike Kordysz, mkordysz @kronod 4
Pacific Bay Minerals Stakes Sphinx Lake REE Property
https://www.newsfilecorp.com/release/200607
March 06, 2024 8:00 AM EST | Source: Pacific Bay Minerals Ltd.
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2024) - Pacific Bay Minerals Ltd (TSXV: PBM) ("Pacific Bay" or the "Company"), a mineral exploration company, is pleased to announce the staking of the Sphinx Mountain Rare Earth Elements Project, situated in Northern British Columbia, approximately 50km North East of Dease Lake.
Previously owned by Pacific Bay, a 2011 work program designed to follow up on anomalously high British Columbia Geology Survey (BCGS) data involving stream sediment samples identified, confirmed and expanded with resulting concentrations as high as 1.19% TREE* and 0.83% TREE* in stream sediment samples. Additional samples in the area returned exceptionally high values (0.48% TREE and 0.42% TREE) over 3.5km away with limited to no cover/exploration in between samples.
A future program this summer will aim to cover the area with mapping, prospecting and geophysics all to gain a comprehensive understanding of the region and define drill targets.
Reagan Glazier, CEO and President stated, "We're excited at the opportunity to explore for these critical minerals, expanding on the noteworthy discovery with low-impact and cost-efficient processes."
For more Information please contact:
Reagan Glazier, CEO, President and Director
E-mail: reagan@pacificbayminerals.com
Telephone: +1 403-815-6663
About Pacific Bay Minerals Ltd.
Pacific Bay currently has a portfolio of properties in British Columbia, including the Haskins Reed, 30km East of the Cassiar townsite, Wheaton Creek, and Weaver Lake projects along with the newly added Sphinx Mountain Project. Short term focus will be spent on exploring the projects and identifying new targets within the highly prospective regions for both precious and transitional metals.
*TREE is expressed as the summation of Ce + La + Pr + Nd+ Sm + Eu + Gd+ Tb + Dy + Ho + Er + Tm + Yb+ Lu + Y.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI 43-101.
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 Pacific Bay Minerals Ltd. 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.
Map figure showing claim boundary and approximate location of stream-sediment samples.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3362/200607_8c03d1a784e6c9cd_001full.jpg
SOURCE: Pacific Bay Minerals Ltd.
Talisker Signs Definitive Ore Purchase Agreement with New Gold
https://ca.finance.yahoo.com/news/talisker-signs-definitive-ore-purchase-110000226.html
Talisker Resources Ltd.
Tue, March 12, 2024 at 4:00 a.m. PDT·4 min read
TSKFF
-1.12%
TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary Bralorne Gold Mines Ltd. (“Bralorne”), has signed a definitive Ore Purchase Agreement (the “Agreement”) with New Gold Inc. (“New Gold”). As part of the Agreement New Gold will purchase up to 350,000 tonnes of material mined at Bralorne and process it at their mill located at its New Afton mine. The Agreement can be extended by mutual agreement by New Gold and Talisker.
Terry Harbort, Talisker’s President and CEO commented, “Talisker is very pleased to have signed this important ore purchase agreement with New Gold. Having completed the portal and decline construction and our resource conversion drilling, this Agreement clears the pathway for our planned 2024 production at Bralorne.”
Talisker is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 2 pm ET on Monday, March 18, 2024. To register, please click on the following link - https://us02web.zoom.us/webinar/register/WN_T9VocrvFSeeBTydWIde2Qw
For further information, please contact:
Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227
Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579
About Talisker Resources Ltd.
Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
Caution Regarding Forward Looking Statements
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 Talisker’s current belief or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the timing of construction. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Thesis Gold Step-Out Drilling at Bingo Zone Intersects 20.00 Metres of 8.46 g/t Gold, 36.96 g/t Silver, and 1.72% Copper
https://www.newsfilecorp.com/release/201389
March 12, 2024 6:30 AM EDT | Source: Thesis Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Thesis Gold Inc. (TSXV: TAU) (FSE: A3EP87) (OTCQX: THSGF)
Gold Mountain Receives Notice of Default & Breach of Contract
https://www.accesswire.com/840663/gold-mountain-receives-notice-of-default-breach-of-contract
Friday, 08 March 2024 09:25 AM
VANCOUVER, BC / ACCESSWIRE / March 8, 2024 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA) announces that it has received notice of default from Hedge Minerals Corp. ("Hedge") after failing to make its payment obligations outlined under the Promissory Note dated September 13, 2023 ("the Note").
Hedge has demanded immediate payment of the original payment owing, six-month break fee, all additional interest, and all costs associated to legal and professional consulting regarding review and defense of legal rights under the terms of the note.
Gold Mountain management is currently attempting to negotiate possible solutions to restructure the terms of the Note to resolve the current default and breach.
Nhwelmen Construction GSA Default Update
The company also continues to work towards resolution with Nhwelmen Construction LP Ltd. with respect to their current GSA default and demand notice(s). At this time no resolution has been found.
About Gold Mountain
Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company's new website at www.gold-mountain.ca.
For more information, please contact:
Gold Mountain Mining Corp.
Phone: 778.262.0933
Email: IR@gold-mountain.ca
Website: www.gold-mountain.ca
Twitter: www.twitter.com/goldmtnmine
Forward Looking Statements
This includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward- looking statements include statements that are based on assumptions as of the date of this news release and are not purely historical including any information relating to statements regarding beliefs, plans, expectations or intentions regarding the future and often, but not always, use 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. Forward-looking statements are 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 statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration. 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. Gold Mountain 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 required by law.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
SOURCE: Gold Mountain Mining Corp
Goldrea Resources Provides Important Technical Update on the Company's Cannonball Project in the Golden Triangle
https://www.newsfilecorp.com/release/200269
March 04, 2024 9:00 AM EST | Source: Goldrea Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Goldrea Resources Corp. (CSE: GOR) (FSE: GOJ1) (OTC Pink: GORAF) is pleased to announce that recent technical studies show the Company's Cannonball Project covers the projected extension of a new porphyry copper-gold district reported by Seabridge Gold on December 14, 2023.
The Seabridge press release states that the 2023 drill program at the Snip North Prospect discovered a new porphyry mineral system on the north side of the Iskut River approximately five kilometers north of the former Snip Mine and ten kilometers south of the Cannonball Project. Notably, Seabridge reported that regional geophysical surveys and surface geology identified a district scale, northeast trending structural corridor that connects their Quartz Rise, Bronson Slope and Snip North porphyry targets. Seabridge also states that the new trend has characteristics similar to the cluster of porphyry systems they have defined at their KSM Project approximately fifty kilometers to the southeast.
In 2015, BC government geologists ("BCGS") Jeff Kyba and Joanne Nelson recognized that all of the important Golden Triangle gold and copper deposits occur within two kilometers of the contact between Jurassic and Triassic aged rocks typically in proximity to Early Jurassic aged felsic intrusions, referred to as the 'Texas Creek Suite'. To support ongoing exploration work, Kyba and Nelson called this stratigraphic contact the 'Red Line' and used the existing BC government geological maps to define this important marker throughout the Golden Triangle. As a result of mapping errors dating back to the 1990's, the Red Line was not defined within the Cannonball Project area.
The Cannonball Project, comprising 5,000 hectares, straddles a northeast trending structural corridor called the Newmont Lake graben, and covers multiple historic and recently discovered gold and porphyry copper-gold prospects. Although the available geological maps of the project area show that these prospects occur in rock units older than most of the gold and copper deposits in the Golden Triangle, recent studies provide confirmation that the underlying rock units are actually the same age as the rocks that host the world class copper and gold deposits throughout the Golden Triangle.
The research funded by Goldrea during 2022 and 2023 has confirmed that felsic intrusive rocks the same age as the Early Jurassic aged Texas Creek Suite (associated with mineralization at the KSM project), and that Jurassic and Triassic aged sedimentary and volcanic rocks, are present within the Newmont Lake graben. Goldrea's compilation of airborne magnetic surveys covering the Newmont Lake graben and Seabridge Gold's Snip North, Bronson Slope and Quartz Rise prospects (see link below) identified a previously unrecognized, east southeast trending structural corridor that appears to offset the northeast trending corridor reported by Seabridge approximately three to five kilometers to the northwest. Based on the available age dating and airborne magnetic survey data, the Newmont Lake graben appears to be an offset extension of the new porphyry district reported by Seabridge. The following link summarizes the research and lists the sources: https://goldrea.com/wp-content/uploads/2024/02/jan-19-tech-memo.pdf
Jim Elbert commented that: "Seabridge's discovery of a new porphyry system near the old Snip Mine combined with recognition that the Cannonball project straddles a structural corridor that is similar to the KSM trend are major landmark events for the Company. We plan to continue delineating drill targets during 2024 and anticipate significant investor interest as Seabridge expands their drilling program at Snip North."
Figure 1: Google Earth Image Showing the Snip North Discovery and New Porphyry Corridor
(Looking North)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10358/200269_c9e11934c4d6ba82_002full.jpg
Goldrea's exploration work since 2020 has confirmed multiple porphyry copper-gold and high grade, vein type gold prospects within the Cannonball claims that warrant drill testing (see press release dated May 9, 2023: https://goldrea.com/progress-update-for-goldreas-cannonball-project-in-bcs-golden-triangle/ )
Carl von Einsiedel (P. Geo.), is a non-independent Qualified Person within the meaning of National Instrument 43-101 Standards, and has prepared, reviewed and approved the scientific and technical information in this press release.
For more information, please contact:
James Elbert, President and CEO
Telephone: (604) 559-7230
Email: jelbert@goldrea.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
SOURCE: Goldrea Resources Corp.
TDG Gold Identifies New Copper-Gold Porphyry Target in Saunders Area, Baker Complex
https://www.accesswire.com/840154/tdg-gold-identifies-new-copper-gold-porphyry-target-in-saunders-area-baker-complex
Thursday, 07 March 2024 07:00 AM
WHITE ROCK, BC / ACCESSWIRE / March 7, 2024 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to provide an update from ongoing targeting work within TDG's ~42 square kilometer ("sq.km") Baker Complex. TDG has identified a >5 sq.km target1 within Saunders area of the Baker Complex, displaying the geological features and physiography that suggest potential to host an intrusive related copper-gold-molybdenum ("Cu-Au-Mo") porphyry. This new target (designated "Trident1") is at least 5 sq.km, open to the northwest and southeast, and has never been drill tested (Figure 1).
Figure 1 - TDG's Baker Complex which includes the new Trident target1 within the Saunders area; and Greater-Shasta Newberry.
The new Saunders area is located ~5 kilometres ("km") from TDG's Baker Mill and road access is as close as Black Gossan target (Figure 1) near the new target's1 western boundary.
Prior Exploration Work
Historical exploration work over Saunders included limited surficial mapping, geochemical sampling (silts, soils, and rocks) and geophysics, including ZTEM. In 2023, TDG completed a Lithic Drainage Sampling ("LDS") survey covering the Baker Complex and Greater-Shasta Newberry. The Saunders area1 had amongst the strongest values for Cu-Au-Mo over ~5 km drainage area as well as highly anomalous concentrations of other elements including lead, zinc and pathfinder elements including tellurium (news release Feb 28, 2024).
Geological Interpretation
TDG has completed the compilation of the existing information for the new Trident target. Data suggests the presence of an interpreted causative intrusion, appearing as a buried, dome-like high resistivity feature covered with blanket-like zone of lower resistivity. The low resistivity feature is interpreted to be a zone of higher sulphide content associated with the phyllic (quartz-sericite-pyrite) altered cupola of the intrusion (Figure 2 and full technical cross sections presented on Figures 3a, b, c) at or near a major regional unconformity between the Toodoggone Formation (above) and the Takla Group rocks (below). Economic metal concentrations in B.C. style porphyries are typically located adjacent to regional-scale unconformities. For example, the KSM and Brucejack deposits are situated at the so called ‘Kyba-Nelson Red Line', which represents the unconformity between the Stuhini and Hazelton groups of rocks in the Golden Triangle.
Steven Kramar, TDG's VP Exploration, commented: "Historical exploration was very limited outside of the Baker Mine footprint and its immediate vicinity. Our new Trident target within the Saunders area1 has never been drill tested and represents a compelling, copper-gold-molybdenum porphyry opportunity located within the ~42 sq.km Baker Complex and that's also within 5 km of our existing infrastructure."
Figure 2 - Cross Section through Black Gossan & Saunders.
Saunders Geological Summary
The Saunders area1 within the Baker Complex comprises several historical prospects (Figure 1), with limited past exploration focused on epithermal Au and silver ("Ag"). There has been little follow-up and no drilling despite widespread, coincident geophysical and base/precious metal geochemical anomalies consistent with the possible presence of a poorly exposed to shallowly buried large porphyry system.
The Saunders area1 lies at the intersection of several regional-scale structural zones and coincides with very strong airborne electromagnetic and magnetic anomalies typically associated with intrusions in this part of the Toodoggone Belt. Alteration observed by past operators included high aluminous-high sulphidation assemblages, with minerals such as pyrophyllite, alunite, diaspore and clays in large gossans as well as multiple exposures of dikes and small stock like-bodies exhibiting porphyry style alteration and copper + molybdenum mineralization. Widespread Au-Ag mineralization is well documented in the target area. These mineral assemblages are often located at the tops of porphyry systems. TDG's 2022 airborne hyperspectral survey confirmed the presence of these assemblages and expanded the known footprint of these assemblage over a broad area coincident with the catchments and headwaters of the highly anomalous LDS stream sediment sample sites (news release Feb 28, 2024).
Much of the higher elevation areas within the target1 footprint are overlain by interpreted post-mineralization volcanic rocks, as illustrated in the attached figures. However, the results of the high-density LDS survey sampling smaller catchments above and below the post-mineral volcanic cover contacts were effective in outlining prospective target areas1 in the underlying package.
Figure 3a - Northern Cross Section through Black Gossan & Saunders.
Figure 3b - Central Cross Section through Black Gossan & Saunders.
Figure 3c - South Cross Section through Black Gossan & Saunders.
Qualified Person
The technical content of this news release has been reviewed and approved Steven Kramar, MSc., P.Geo., Vice President, Exploration for TDG Gold Corp., a qualified person as defined by National Instrument 43-101.
1Mineral Exploration/Exploration Target Area(s): Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.
About TDG Gold Corp.
TDG is a major mineral tenure holder in the historical Toodoggone Production Corridor of north-central British Columbia, Canada, with over 23,000 hectares of brownfield and greenfield exploration opportunities under direct ownership or under acquisition. TDG's flagship projects are the former producing, high-grade gold-silver Shasta and Baker mines, which produced intermittently between 1981-2012, and the historical high-grade gold Mets developed prospect, all of which are road accessible, and combined have over 65,000 m of historical drilling. The projects have been advanced through compilation of historical data, new geological mapping, geochemical and geophysical surveys and, at Shasta, 13,250 m of modern HQ drill testing of the known mineralization occurrences and their potential extensions. In May 2023, TDG published an updated Mineral Resource Estimate for Shasta (see TDG news release May 01, 2023) which remains open at depth and along strike. In January 2023, TDG defined a larger exploration target area adjacent to Shasta (Greater Shasta-Newberry; see TDG news release January 25, 2023). In 2023, TDG published the first modern drill results from the Mets mining lease (see TDG news releases September 07, 2023, September 11, 2023 and November 28, 2023).
ON BEHALF OF THE BOARD
Fletcher Morgan
Chief Executive Officer
For further information contact:
TDG Gold Corp.
Telephone: +1.604.536.2711
Email: info@tdggold.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.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as, "demonstrate", "potential", "display", "expand", "indicate", "identify", "signature", "opportunity", "consistent", "appear", "associate", "strong", "significant", "coincide", "presence", "possible," "interpret", "prospective", "anomaly" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: whether the geophysical, geological and geochemical results are indicative of a porphyry intrusive with or without associated mineralization; whether interpreted potential sulphide blankets are present or absent; whether the LDS sampling results are indicative of the presence of mineralization and whether or not such mineralization has economic potential; whether future exploration programs will successfully define potentially economic mineralization; the timing and availability of funding to support such exploration; accidents, labour disputes and other risks common to the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which 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 events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE: TDG Gold Corp.
Results from First Tellurium's 2023 Field Season at Deer Horn Indicate a Large, Connected Mineralized System
Sample and drill core analysis reinforces a near-surface copper porphyry and expanding Au-Ag-Te zone.
https://thenewswire.com/press-releases/1LpMF1ebw-results-from-first-tellurium-s-2023-field-season-at-deer-horn-indicate-a-large-connected-mineralized-system.html
Vancouver, BC, Canada – TheNewswire - March 7, 2024 – First Tellurium Corp. (CSE:FTEL), (OTC:FSTTF)
Core Assets Announces Widespread Gold Mineralization at Silver Lime
https://www.accesswire.com/839217/core-assets-announces-widespread-gold-mineralization-at-silver-lime
Tuesday, 05 March 2024 08:00 AM
VANCOUVER, BC / ACCESSWIRE / March 5, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF)
Canex Options an Advanced Copper Gold Porphyry in British Columbia
https://www.accesswire.com/839176/canex-options-an-advanced-copper-gold-porphyry-in-british-columbia
Tuesday, 05 March 2024 07:30 AM
North Bay Resources Announces Assays from Murex Copper Project up to 3.12% Cu, 60.3g/t Au, 141g/t Ag, and 8.11% Zn
https://ca.finance.yahoo.com/news/north-bay-resources-announces-assays-140000756.html
North Bay Resources Inc.
Wed, March 6, 2024 at 6:00 a.m. PST·3 min read
NBRI
0.00%
SKIPPACK, Pa., March 06, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI)
Talisker Intersects 129.99 g/t Au over 2.00 Metres from the Bralorne Gold Project Resource Conversion Program
https://ca.finance.yahoo.com/news/talisker-intersects-129-99-g-120000761.html
Talisker Resources Ltd.
Mon, March 4, 2024 at 4:00 a.m. PST
Carlyle Recovers 80% Gold in Preliminary Newton Metallurgical Testing
https://www.newsfilecorp.com/release/199980
March 01, 2024 5:00 AM EST | Source: Carlyle Commodities Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF)
CopAur Minerals Grants an Option on the Williams Property to Omega Pacific Resources Inc.
https://www.newsfilecorp.com/release/200026
March 01, 2024 9:00 AM EST | Source: CopAur Minerals Inc.
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - CopAur Minerals Inc. (TSXV: CPAU) (OTCQX: COPAF) ("CopAur" or the "Company") is pleased to announce that it has granted a three phase option (the "Option")to Omega Pacific Resources Inc. ("Omega") to earn up to a 100% interest in the Williams Property located in the Toodoggone region of Northern British Columbia under the terms of an option agreement dated February 29, 2024 (the "Option Agreement"). The Option is subject to regulatory approval. The objective is to advance the Williams Property, and provide CopAur with a share position in Omega and additional cash to continue to advance its exploration efforts in Nevada.
Under the first option, Omega can earn a 51% interest in the Williams Property by paying to CopAur C$1 million in cash, issuing 3 million shares to CopAur upon Canadian Securities Exchange approval of the Option Agreement and incurring C$3 million in exploration expenditures on or before the first year anniversary of the Option Agreement. If Omega exercises the first option, Omega has a second option to acquire an additional 29% interest (for a total of 80%) by completing another $3 million in exploration expenditures and paying $500,000 in cash and issuing 2 million shares to CopAur on or before the second anniversary of the Option Agreement. If Omega exercises the second option, Omega will have a third option to acquire the remaining 20% by paying an additional amount to CopAur equal to the fair market value of the remaining 20% as determined by an independent valuator, which Omega may satisfy by the payment of cash or the issuance of additional shares of Omega on or before the third year anniversary of the option agreement.
In the event that Omega does not exercise the second option to acquire the additional 29% interest, Omega will relinquish and transfer back to CopAur a 1.01% interest in the Williams Property so that CopAur will hold a 51% interest and Omega will hold a 49% interest and the parties will form a an initial 51/49% joint venture. If Omega exercises the second option but does not exercise the third option to acquire a 100% interest, the parties will be deemed to form an initial 80/20% joint venture to continue to advance the Williams Property.
The Williams property is a consolidated land package comprised of mining claims totalling 9,731 hectares. The property has substantial gold and copper discovery potential and hosts two large exploration targets, the T-Bill prospect, which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect, which is prospective for porphyry copper-gold-molybdenum style mineralization.
CEO Jeremy Yaseniuk stated, "We have successfully finalized a deal on the Williams Property with Omega Pacific, a new company that will advance the Williams Property and provide CopAur with enough cash and shares to fund CopAur's Nevada exploration while retaining an interest in the potential of the Williams property. This eliminates the immediate need for financing at today's dilutive prices and provides us with working capital for over a year. Additionally, this transaction will leave CopAur with 20% of the entire project for the long term unless Omega exercises the third option. If completed, this structure will inject 1.5 million dollars into CopAur. If the first and second options are fully exercised, CopAur will receive 5 million shares of Omega and 6 million dollars to advance the project, while retaining a 20% interest. This is an outstanding deal for CopAur shareholders. It will enable our management team to focus on expanding our Nevada portfolio, particularly the Kinsley Gold property, and allow our shareholders to continue benefiting from the value of Williams."
About CopAur
CPAU is an exploration company focused on developing projects within the emerging, mineral-rich mining regions of Nevada and British Columbia. The Company is backed by a dynamic and experienced team of resource professionals advancing multiple holdings across both regions; the flagship being Kinsley Mountain Gold Property, a Carlin-style project located 90 km south of the Long Canyon Mine (currently in production under the Newmont/Barrick Joint Venture, Nevada Gold Mines) and its 100% owned Williams Project that points to significant gold-copper potential within the prolific Toodogoone region of northern British Columbia, Canada. CPAU remains dedicated to delivering substantial growth and value creation for our shareholders through strategic asset development and management. We look forward to the opportunities that lie ahead and will continue to provide updates on our progress.
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.
Followers
|
35
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
12831
|
Created
|
01/12/04
|
Type
|
Free
|
Moderators Lone Clone |
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/
Vancouver Resource Investment Conference Conference Registration | Agenda | Hotel & Travel | Floorplan | Speaker Line Up |Exhibitor List | Map |
Conspiracy World: A Truthteller's Compendium of Eye-Opening Revelations and Forbidden Knowledge
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |