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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
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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
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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
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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
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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.
Green River Gold Receives Drill Permit for 6000 Meters of Drilling at the Quesnel Nickel Project and a Bulk Sampling Program
https://www.newsfilecorp.com/release/200298
March 04, 2024 8:29 AM EST | Source: Green River Gold Corp.
Highlights:
A five-year area-based exploration permit has been approved
Twenty surficial drill holes of 300 meters each have been approved for 2024
A 3,999 tonne bulk sampling program has been approved
Multiple trenches have been approved
Edmonton, Alberta--(Newsfile Corp. - March 4, 2024) - Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River) is pleased to announce the application to expand mineral exploration activities at the Company's 100% owned Quesnel Nickel Project has been approved.
About Green River Gold Corp's Exploration Plan
The Company's mineral exploration permit has been approved for 5 years, valid until Feb 28, 2029. The exploration team will first target Zone 1 with infill drilling to complete an NI 43-101 compliant resource estimate. The trenching and bulk sampling will be undertaken to obtain samples for metallurgical, mineralogical and processing testing. The main focus of this year's exploration program will revolve around achieving the following primary objectives listed below:
Follow up the man-portable drill program via step-out drilling and begin to delineate the true size of this potential deposit.
Complete the required amount of infill drilling needed to complete the NI 43-101 compliant resource estimate.
Expand and better define the orientation and distribution of the higher-grade ultramafic-hosted nickel mineralization.
Expand the known footprint of the at-surface Zone 1 mineralization containing nickel, magnesium, and other important critical minerals.
Attempt to locate the source of the metallic vein which was intersected by WK-23-01 in 2023. (See previous press release on June 12, 2023. " Green River Gold Provides Drilling Update and Reports Assay Results from the Alteration Zone of Drill Hole WK-23-01, Including 7583 Grams per Tonne Zinc, 4340 Grams per Tonne Lead, 5.3 Grams per Tonne Silver, and 0.158 Grams per Tonne Gold.")
The bulk sampling program will focus on the nickel and magnesium potential , but will also be used to study the metallurgy of the local talc deposit in Zone 1.
The rock samples will be sent to the metallurgy lab to analyze the recovery rate of magnesium, by HCL leaching test (HCL), high-pressure carbonic acid leaching (HPAL) and high-pressure CO2 leaching test. Assays to date have shown an average of approximately 21% magnesium beginning at the bedrock surface.
Perry Little, President and CEO comments, "We are pleased to be able to move on to a deeper drilling program and a significant bulk sampling program after intersecting nickel, magnesium, cobalt and chromium from surface in each of over 50 shallow drill holes drilled to date. Our deepest holes to date have been just over 100 meters, so we look forward to seeing what we intersect as we go three times as deep with the new drill program. The trenching and bulk sampling will also give us a significant amount of material to use for metallurgical testing to determine the optimal recovery methods for the nickel, magnesium and talc encountered on Zone 1."
Green River Gold Corp. is committed to further exploration and development efforts to unlock the full mineral resource potential of this new and exciting multi-element project.
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.
Goliath’s Updated Model Confirms Six New Gold Veins for a Total of 10 Demonstrates Increased Tonnage Potential at Surebet Discovery on Golddigger Property, Golden Triangle, British Columbia
https://ca.finance.yahoo.com/news/goliath-updated-model-confirms-six-120800371.html
Goliath Resources Limited
Mon, March 4, 2024 at 4:08 a.m. PST·11 min read
GOTRF
+4.81%
Infographic 1
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Infographic 2
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Infographic 3
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HIGHLIGHTS:
Generation of the updated structural vein/shear Leap Frog model takes into consideration all the surface and drill data collected (incl. oriented core) as well as the number of mineralized pierce points in each vein to date on the Surebet Discovery. This has resulted in an advanced understanding of the mineralized zones that remain open at Surebet, where 10 veins have now been confirmed, including Surebet (now Surebet Upper), Bonanza and Golden Gate; now two stacked Upper and Lower parallel veins (see images below).
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/82cf14d6-3075-44eb-9016-333a9db5ffaf
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/926ff0d0-ac52-4d17-b345-9a24d3921cf2
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c7dbf39d-8147-43fb-9d21-e6d2badeda4e
The volume of the Surebet Zone (now Surebet Upper) hosted in the sedimentary units shows a potential range of 28 – 35 million tonnes based on 108 mineralized pierce points that has widths up to 35 meters at 24.44 g/t AuEq. In addition, a secondary vein located approximately 15 meters below Surebet Upper and parallel to it, has been identified shows a potential range of 5 – 7 million tonnes based on 54 mineralized pierce points that has widths of up to 6 meters at 11.94 g/t AuEq. This new vein is named Surebet Lower and remains open.
The volume of the Bonanza Shear is showing a potential range of 12 – 16 million tonnes based on 52 mineralized pierce points that have widths up to 10 meters at 27.94 g/t AuEq, including 3 meters at 46.04 g/t AuEq hosted at the contact between sedimentary rocks and now showing it continues into the volcanic rocks; it remains open.
The volume of the Golden Gate Zone is showing a potential range of 4 – 5 million tonnes based on 52 mineralized pierce points that has widths up to 3 meters at 8.46 g/t AuEq and 3 meters at 22.07 g/t AuEq for the two identified parallel veins Upper and Lower hosted in the volcanic units respectively; they remain open.
The updated structural model has identified six new gold veins that remain open showing potential volume ranges:
Big One (12 – 15 Mt) based on 51 mineralized pierce points that has widths of up to 3 meters at 6.75 g/t AuEq.
Eldorado (8 - 11 Mt) based on 57 mineralized pierce points that has widths of up to 3 meters at 11.39 g/t AuEq.
Surebet Lower (5 - 7 Mt) based on 54 mineralized pierce points that has widths of up to 6 meters at 11.94 g/t AuEq.
Goldzilla (4 - 5 Mt) based on 24 mineralized pierce points that has widths of up to 3 meters at 4.55 g/t AuEq.
Hotspot (2 - 3 Mt) based on 7 mineralized pierce points that has widths of up to 1 meter at 1.00 g/t AuEq.
Whopper (1 - 2 Mt) based on 27 mineralized pierce points that has widths of up to 4 meters at 13.60 g/t AuEq.
The total combined volume ranges from the 10 veins shows 78 - 97 million in potential tonnes.
The advanced structural model based on all drilling to date has confirmed key areas where further drilling could provide additional continuation of the extension of mineralized horizons as well as vectoring in on the possible mineralized feeder source.
Detailed surface mapping of the Surebet area also has played a major role in clearly defining the structural controls on the vein and consequently the gold mineralization (see image below).
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/25b2d0e7-69fb-420e-bfb2-39e18b60835e
TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is please to share a significant update on the work being carried out on the Surebet Discovery at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. The Company has updated the structural vein model of the Surebet Discovery that integrates drill data from the 2021 to 2023 (oriented core), all the surface data collected and the total number of mineralized pierce points in each vein to date. The new model suggests a total combined range of 78 to 97 million potential tonnes. In addition to the previously reported Surebet Zone, Bonanza Shear and Golden Gate Zone, 6 newly discovered gold veins have been identified that also remain open.
The updated structural vein/shear model resulted in a greater understanding of the mineralized zones on the Surebet Discovery, where 10 veins have now been identified, including Surebet (now Upper Surebet), Bonanza Shear and Golden Gate (now Upper and Lower veins).
The 6 newly identified veins include: Big One, Eldorado, Surebet Lower, Goldzilla, Hotspot, and Whopper. The new structural model was built taking into consideration the structural data obtained from oriented drill core collected between 2021 and 2023, structural information from surface sampling and mapping as well as the number of mineralized pierce points in each vein and their locations.
They are the result of incorporating a number of mineralized intervals that were not previously associated with Surebet Zone, Bonanza Shear and Golden Gate Zone as well as some mineralized intervals that have been re-assigned based on new structural information. Detailed surface mapping of the Surebet area also has played a major role in clearly defining the structural controls on the veins and consequently the gold mineralization.
The advanced structural model together with information from detailed surficial mapping has vectored in on the key areas where drilling should provide additional continuation and extension of gold mineralized horizons focussed on building estimated ranges of potential tonnage moving forward.
The Company is in the process of designing a highly focussed drill program for the 2024 drill season. It’s designed to delineate the full extent of gold mineralization, expand the potential tonnage which remains wide open for expansion and additional discoveries as well as vectoring in on the possible feeder source. In addition, the Golddigger 2024 drill program may include a maiden drill program on the newly discovered Treasure Island and Full Contact targets on the Cambria Icefield claims to the north of Surebet.
Golddigger Property
The Golddigger Property is 100% controlled covering an area of 64,264 hectares (158,800 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits.
The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date).
It is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.
Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
The potential quantity and grade ranges are conceptual in nature, and that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the Surebet Discovery being delineated as a NI 43-101 compliant mineral resource and is subject to change. Goliath’s conceptual Leap Frog structural vein/shear model takes into consideration and is based on: all structural data collected from surface and logged drill core (incl. oriented core), specific gravity (SG) of 2.93 x cubic meters from the area drilled, weighted average of all mineralized grades/widths from all 222 diamond drill hole pierce points assayed inclusive of the 2023 program.
Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.
Grab, channels, chip, and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.
The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com
Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75 USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.
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 Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. 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 Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.
The forward-looking information contained in this release is made as of the date hereof and Goliath 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.
This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.
The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
Osisko Development Secures US$50 Million Funding to Commence Underground Development at Cariboo Gold Project
https://ca.finance.yahoo.com/news/osisko-development-secures-us-50-120500913.html
Osisko Development Corp.
Mon, March 4, 2024 at 4:05 a.m. PST·5 min read
ODV
+0.71%
ODVWZ
-9.38%
MONTREAL, March 04, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") is pleased to announce the Company has entered into a credit agreement with National Bank of Canada (the "Lender") providing for a US$50 million delayed draw term loan (the "Credit Facility"), through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. ("Barkerville").
The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada. This includes the commencement of an underground development drift from the existing Cow Portal into the Project’s mineral deposit at Lowhee Zone and extraction of 10,000 tonnes of material under an existing permit from the Province of BC.
Sean Roosen, Chairman and CEO, commented, "We are very pleased to secure funding that will enable us to commence the development of a 1.2 kilometer underground drift at Cariboo and advance important design and engineering work ahead of the anticipated receipt of permits in Q2 2024. Completing this work is a significant step in further de-risking the Project ahead of a construction decision by accessing the orebody and demonstrating the performance of the roadheader and ore sorter technologies, while we continue to progress toward sourcing a fully-funded solution for the Project. Importantly, this facility is non-dilutive with no early repayment penalties, and provides us with financial flexibility to refinance the facility prior to maturity. We appreciate National Bank's strong support towards our vision of building Canada's next gold mining district at Cariboo. Although the facility does not extend to our Tintic Project, it provides for more efficient capital allocation of our existing cash resources as we advance our ongoing porphyry drilling efforts and exploration of epithermal gold targets at Tintic."
KEY TERMS OF THE CREDIT FACILITY
Credit Limit: US$50 million.
Term & Maturity Date: 12 months from the closing date, being March 1, 2025, which may be extended, at the Lender's sole and absolute discretion, to August 1, 2025, upon written request by the Company at any time between December 1, 2024, and February 1, 2025 (the "Maturity Date").
Repayment: The full outstanding credit under the Credit Facility, and all accrued and unpaid interest thereon, shall be repaid on the Maturity Date.
Interest rate: The draws made under the Credit Facility can be by way of a base rate loan or a term benchmark loan, on which differing interest rate will apply. Interest will be payable on the outstanding principal amount at a rate per annum equal to the following, provided that each such rate shall be increased by 0.50% per annum each 90 days following March 1, 2024:
For a Base Rate Loan: the greater of (i) the federal funds effective rate plus 0.50% and (ii) the National Bank variable rate of interest for United States dollar loans in Canada, plus (iii) 4.00% per annum.
For a Term Benchmark Loan: (i) the Secured Overnight Financing Rate ("SOFR"); plus (ii) an additional 0.10% / 0.15% / 0.25% per annum for one / three / six month draws, respectively, plus (iii) 5.00% per annum.
Voluntary Prepayments: Subject to the terms and conditions of the credit agreement, the Company may prepay the outstanding loans under the Credit Facility at any time, subject to a minimum prepayment amount of US$1 million.
Mandatory Prepayments: Mandatory prepayments are required in certain events, including in the case of asset dispositions, debt incurrence and equity raises, for which 100% of the net cash proceeds must be prepaid and a change of control, for which all of the obligations under the Credit Facility must be prepaid.
Security: The obligations under Credit Facility are guaranteed by the Company and secured by a first-ranking security interest against all of the present and future assets and property of Barkerville and the shares of Barkerville as held by the Company.
Representations, Warranties and Covenants: The credit agreement contains terms and conditions with respect to the Credit Facility customary for a transaction of this nature, including representations, warranties, borrower covenants, permitted liens and indebtedness, assignment rights and events of default. Specifically, the Company covenants to maintain its tangible net worth (being shareholders' equity less goodwill and intangible assets) to be at least C$500 million as calculated as at the last day of each fiscal quarter and the Company and Barkerville, on a consolidated basis, shall maintain liquidity (being all unrestricted cash plus available credit under the Credit Facility) of at least C$25 million as of the last day of each fiscal quarter.
Fees: In connection with the Credit Facility and National Bank’s services, the Company agreed to pay the following fees to National Bank: (a) an upfront fee of 2.00% per annum on the principal amount, which has been paid in full; (b) a ticking fee equal to 1.00% of the committed principal amount of the Credit Facility, calculated on annualized basis, accruing daily commencing 30 days from the December 20, 2023 until January 31, 2024, which amount has been paid in full by the Company; and (c) duration fees of: (i) 0.75% of the committed principal amount, payable as of May 30, 2024 if the Credit Facility remains outstanding on such date; (ii) 1.00% of committed principal amount, payable as of August 28, 2024 if the Credit Facility remains outstanding on such date; and (iii) 1.25% of committed amount, payable as of November 26, 2024 if the Credit Facility remains outstanding on such date.
The summary of the key terms of the Credit Facility above is qualified in its entirety by the full text of the Credit Agreement, a copy of which will be available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project, located in central B.C., Canada, the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, that benefit from significant historical mining data, existing infrastructure and access to skilled labour, the Company's project pipeline is complemented by other prospective exploration properties. The Company's strategy is to develop attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.
For further information, visit our website at www.osiskodev.com or contact:
Sean Roosen
Philip Rabenok
Chairman and CEO
Director, Investor Relations
Email: sroosen@osiskodev.com
Email: prabenok@osiskodev.com
Tel: +1 (514) 940-0685
Tel: +1 (437) 423-3644
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained in this news release may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (together, "forward-looking statements"). These forward-looking statements, by their nature, require Osisko Development to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications and limitations relating to advancement and development of the Cariboo Gold Project, the use of proceeds of the funds drawn down from the Credit Facility, the impact of the Credit Facility on the Company and its financial position and allocation, the contemplated work plan and activities at the Cariboo Gold Project and the scope thereof and associated costs thereto, the ability of the Company to receive permits in the timing contemplated (if at all), the ability of the Company to build the next gold mining district at Cariboo, the ability to reach a construction decision in respect of the Cariboo Gold Project and the timing thereof (if at all), the impact and performance of roadheader and ore sorter technologies and the ability of the Company to fulfill the conditions for drawdowns under the Credit Facility. 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 fulfilling the conditions to a drawdown under the Credit Facility; the ability of the Company to comply with covenants under the Credit Facility; risks related to exploration and potential development of the Cariboo Gold Project; the accuracy of the estimated costs for the development activities at the Cariboo Gold Project and risks relating to cost overruns; risks relating to performance of technologies deployed at the Cariboo Gold Project; the ability to seek additional funding for the Cariboo Gold Project and the Tintic Project; 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 issuance of required permits within the timeframe contemplated; regulatory framework and presence of laws and regulations that may impose restrictions on mining; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; and other risk factors facing the Company as disclosed in the Company's most recent annual information form, financial statement and management's discussion and analysis as well as other public filings on SEDAR+ (www.sedarplus.ca) and SEC's EDGAR website (www.sec.gov) under the Company's issuer profile.
Although the Company's believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking 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.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Kodiak Uses VRIFY's Artificial Intelligence Software to Optimise Exploration and Drill Targeting
https://www.newsfilecorp.com/release/200252
March 04, 2024 6:00 AM EST | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports that it has entered into an agreement with VRIFY to use its advanced Artificial Intelligence (AI) mineral targeting software to enhance exploration and drilling at its 100% owned MPD copper-gold porphyry project in southern British Columbia.
Exploration results from the MPD project continue to expand the number of drill-confirmed zones and prospective target areas, which now stand at over 20 mineralized centres. Kodiak's management views AI technologies as a promising method to help prioritize drilling more efficiently and cost-effectively.
Data from MPD was analysed by VRIFY's AI software with the aim of predicting areas with a high probability of mineralization. Initial results of the AI analysis are encouraging and highlight drill targets already identified by Kodiak, in addition to a number of new prospective areas (Figure 1). New areas identified by VRIFY AI will be investigated as part of the 2024 exploration program. Moving forward, the dynamic nature of the VRIFY AI driven geo-targeting system is expected to result in more real-time and adaptable exploration strategies at MPD.
Kodiak will be featured at VRIFY's booth (#3321) at the Investors Exchange of the PDAC conference and will present the results to date from the AI analysis at MPD in a fully interactive 3D presentation. We invite you to attend the VRIFY AI launch event on Monday March 4 at 1pm or visit the booth anytime thereafter, to meet the Kodiak and VRIFY teams and learn more. A VRIFY AI 3D model of MPD will be available on Kodiak's website in due course.
Claudia Tornquist, President and CEO of Kodiak, said, "I have no doubt that AI will revolutionize mineral exploration by vastly improving the integration and evaluation of large geological data sets, thus accelerating drill targeting, enhancing efficiency and reducing exploration costs. We are thrilled by the initial results from our work with VRIFY. Their powerful mineral targeting software fuses cutting-edge AI technology with human expertise in an iterative process, capable of validating existing targets and generating potential new ones at a rapid pace. MPD is well suited to AI-enhanced exploration as it is a treasure trove of data, with Kodiak's extensive project database complemented by historic information spanning many decades. VRIFY AI is an exciting new addition to Kodiak's exploration toolkit and we look forward to applying its full potential at MPD."
Figure 1: Screenshot of VRIFY AI 3D geo-targeting model at MPD North area. Peaks and colour contours rank predictive areas for Cu-Au-Mo mineralization. In addition to identifying known targets (spheres with white text) VRIFY AI modelling selected new prospective areas that will be followed-up in 2024 (black boxes with yellow text and arrows)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/200252_0ee9d4c2f499ca9e_002full.jpg
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical data used in the VRIFY AI mineral targeting software and information contained in this news release. The historic data used herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation and select verification work. However, the Company has not independently validated all historic work, and the reader is cautioned about its accuracy.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About VRIFY Artificial Intelligence
VRIFY's artificial intelligence ("AI") targeting system uses a combination of deep learning and computer vision architectures to train predictive models with data from various exploration features like drillholes, rock geochemistry, and mineral occurrences. VRIFY's system then combines data embedding with supervised predictive models to generate a prospectivity score, enabling probabilistic predictions of mineralized areas. The approach leverages complex data relationships to predict mineral exploration targets, streamlining the process of identifying viable mineral deposits. The automation of target generation will allow the trained model to be updated quickly with new data from ongoing exploration work. By using locally trained models, VRIFY will be able to deliver prediction accuracy metrics and feature importance maps, giving true insight into exploration vectors.
The VRIFY modeling is conducted by compiling the exploration data into a gridded data space. Feature engineering steps include, geophysical standard filtering such as vertical derivatives ("FVD"), tilt angle (tilt) and other Fourier filtering. Geological information from outcrops is used to generate a probabilistic lithological map and geochemical data is interpolated using a random forest regression process. The feature engineering process is validated using statistical evaluation of the products together with visual validation. All exploration features are then compiled as entry to the VRIFY targeting algorithm. Learning examples are derived from known mineralized samples established from drillholes, surface sampling, etc.
The available learning data points are separated between training and validation sets in order to train and test the algorithm. This allows VRIFY to evaluate the performance metrics associated with the predictive modeling. Together with a stochastic approach in modeling, the results can be evaluated and an uncertainty factor can be associated to each of the AI defined targets.
About Kodiak Copper
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a major, multi-centered porphyry system. Kodiak made an initial discovery of a high-grade porphyry centre of significant size at the Gate Zone and has since successfully outlined multiple kilometre-scale mineralized zones across the large MPD property. With more target areas yet to be tested, Kodiak continues to systematically explore the project to build critical mass and demonstrate MPD's district-scale potential. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak's founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company's exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks, and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors, and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or results or otherwise.
SOURCE: Kodiak Copper Corp.
Talisker Intersects 24.41 g/t Au over 1.50 metres from the Bralorne Gold Project Resource Conversion Program
https://ca.finance.yahoo.com/news/talisker-intersects-24-41-g-000000183.html
Talisker Resources Ltd.
Thu, February 29, 2024 at 4:00 p.m. PST
Pacific Empire Provides Update on Airborne MobileMT Survey at Trident
Presenting at Metals Investor Forum in Toronto
https://www.newsfilecorp.com/release/200029
March 01, 2024 6:00 AM EST | Source: Pacific Empire Minerals Corp.
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - Pacific Empire Minerals Corp. (TSXV: PEMC
Taranis Updates Mineral Resource, Thor Indicated and Inferred Tonnes Grow by Respectively 78% and 41%
https://www.accesswire.com/836708/taranis-updates-mineral-resource-thor-indicated-and-inferred-tonnes-grow-by-respectively-78-and-41
Monday, 26 February 2024 04:05 PM
ESTES PARK, CO / ACCESSWIRE / February 26, 2024 / Taranis Resources Inc. ("Taranis" or the "Company") (TSXV:TRO)(OTCQB:TNREF)
Moon River Capital to Acquire 25% Interest in the Endako Molybdenum Mine
https://www.newsfilecorp.com/release/199646
February 28, 2024 7:30 AM EST | Source: Moon River Capital Ltd.
Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Moon River Capital Ltd. (TSXV: MOO)
TDG Gold Reports Extensive Copper-Gold Signature Over the Baker Complex, Toodoggone
https://www.accesswire.com/837263/tdg-gold-reports-extensive-copper-gold-signature-over-the-baker-complex-toodoggone
Wednesday, 28 February 2024 07:00 AM
WHITE ROCK, BC / ACCESSWIRE / February 28, 2024 / TDG Gold Corp. (TSXV:TDG) (the "Company" or "TDG") is pleased to announce the results of the 2023 Lithic Drainage Sampling ("LDS") survey conducted over TDG's ~42 square kilometre ("sq.km") Baker Complex, and also Greater Shasta-Newberry, covering multiple defined exploration target areas1 including the historical Baker A- and B-Veins and Shasta deposit that were mined intermittently between 1986-2012. TDG's 2021-2023 exploration work is the first property-wide, systematic program focused on the copper-gold-molybdenum ("Cu-Au-Mo") porphyry potential across the Baker Complex. Modern assay results from historical drillcore at the Baker B-Vein published by TDG in July to September 2023 demonstrate the presence of broad intervals up to 100 metres ("m") of Cu, Au and silver ("Ag") mineralization from near surface that was not previously mined.
In August 2023, TDG undertook a specialist geochemical survey collecting lithic drainage samples from the network of creeks and gullies across the Baker Complex and Greater Shasta-Newberry. The results indicate loci of higher Cu-Au-Mo against a background of elevated Cu across extensive portions of the Baker Complex (Figure 1). Higher Au-Ag concentrations are dominant in areas where Au-Ag epithermal mineralization is already known to exist, which helps to validate the LDS survey approach (Figure 2).
Figure 1 - Lithic Drainage Sample Results for Cu.
Steven Kramar, TDG's VP Exploration, commented: "The LDS survey results show, for the first time, how extensive the copper signature is across the Baker Complex. Historical exploration was gold-silver focused and yet multiple academic studies have hinted at the potential1 for one or more shallow, intrusive-related copper-gold-molybdenum porphyries at Baker that may have also generated the epithermal gold-silver deposits like Shasta."
Results Summary
The maps above and below show consistently elevated Cu, Au, Ag and Mo concentrations across the Baker Complex and Greater Shasta-Newberry. The top quartile of assay results for Cu-Au-Mo appears to be concentrated into two, large footprint areas: (i) the broader area around the historical Baker mine, which was explored for its gold-silver potential, and (ii) Saunders, which has historically seen minimal exploration and evaluation for its mineral potential. Figure 4 presents areas1 with elevated tellurium ("Te") concentrations, and Te is an element commonly associated with mineralized intrusions, such as porphyry Cu-Au-Mo systems. Maps for lead ("Pb") and zinc ("Zn") display broadly similar distribution patterns.
This multi-element coincident data strongly supports the concept that Baker represents a large-scale mineralized system, as does the data for Saunders. Integration is ongoing of the LDS results with the regional-scale silt geochemical samples and modern geophysics. TDG's aim is to define prioritized, drill-ready targets1 within the Baker Complex to help focus and inform potential joint venture discussions.
1. Baker Mine Area
The Baker mine area1 is marked by a distinctive 15 sq.km circular, dome-like physiographic feature. Within and around this dome-like landscape feature, extensive gossans indicative of a high sulphide endowment and widespread porphyry alteration coincide with multiple geochemical and geophysical anomalies. Historical drilling undertaken at Baker was shallow and focused on Au-Ag epithermal mineralization.
2. Saunders
The Saunders target area1 covers ~10 sq.km and has never been drill tested. It comprises multiple historical prospects with minimal exploration. The LDS survey results indicate the presence of the highest stream sediment pathfinder element anomalies across the whole Baker Complex. Cu and Mo concentrations within the Saunders area are in the top 5% of all the samples collected in the 2023 survey.
Figure 2 - Lithic Drainage Sample Results for Au.
Figure 3 - Lithic Drainage Sample Results for Mo.
Figure 4 - Lithic Drainage Sample Results for Te.
Figure 5 - Lithic Drainage Sample Results Ag.
Greater Shasta-Newberry
LDS sampling results from Greater Shasta indicate highly anomalous Au and Ag from drainages, particularly where the Shasta mineral resource2 has already been defined (Figure 5 above). Elevated Au-Ag in the vicinity of a defined Mineral Resource Estimate2 (news release May 01, 2023) provides support for the LDS technique as a prospecting method. Other highlights include the Cody Lee and Fisher target areas1 which have had limited, but successful historical drilling and are open in all directions (news releases Apr 03 and Apr 06, 2023). The LDS survey has also highlighted the potential to expand the mineralized footprint at Newberry1 which has never been drill tested.
Sample Collection and Analytical Method
TDG's 2023 LDS survey utilized the ‘Barakso Pan' method: a specialized device that collects single-phase fluvial lithic sediment (silt) whilst eliminating most variability due to seasonality or organic chemical components. Samples collected using this approach are consistent between sites and are near-homogeneous in form.
Samples for the 2023 Lithic Drainage Sampling program were managed via rigorous chain of custody, through sample collection, processing, and delivery to the ALS Global laboratory in either North Vancouver or Kamloops, B.C. The samples were logged and collected across the Baker-Shasta and Bot properties by geologists and technicians at sample sites determined to be appropriate for reflecting local sediment sources where practical and possible. Samples selected for sampling were then placed sealed kraft bags, then in security-sealed rice bags before being delivered directly by TDG staff from the Baker Mine site, to Bandstra Transportation Systems in Prince George, ultimately to the ALS Global facility in North Vancouver or Kamloops, B.C. Samples were prepared and analyzed following procedures: PREP-41A for sample preparation and ME-MS41L for super trace (low detection limit) analysis featuring Au, Ag, Cu, Pb, Zn, Mo, Te and other trace elements. Samples of an earlier analysis stream were processed using Au-ICP21 for Au, and ME-MS61 for Ag, Cu, Pb, Zn, Mo, Te and a determination was made to switch methods to achieve a lower detection limit. Information about methodology can be found on the ALS Global website, in the analytical guide (here). Quality Control/Quality Assurance ("QA/QC") was maintained by the lab utilizing laboratory reference materials, blanks and duplicate analyses, where required/applicable.
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.
1 Mineral 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.
2 Mineral Resource Estimate (MRE): All scientific and technical information relating to the TDG's Shasta Project pertaining to the Mineral Resource Estimate ("Shasta MRE") contained in this news release is derived from the Technical Report dated June 14, 2023 (with an effective date of February 11, 2023) titled "The Toodoggone Portfolio and the 2023 Resource Estimate for the Shasta Deposit" (the "2023 Technical Report") prepared by Sue Bird, MSc., P.Eng. of Moose Mountain Technical Services. The information contained herein in respect of the Shasta MRE is subject to all of the assumptions, qualifications and procedures set out in the 2023 Technical Report and reference should be made to the full text of the 2023 Technical Report, a copy of which has been filed with the securities regulators in each of the provinces of Canada (except Québec) and is available on www.sedar.com.
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", "validate", "expand", "indicate", support", "extensive", "potential", "consistent", "appear", "associate", "strong", "concept", "coincide", "presence", "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 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.
Torr Metals Reveals Major Expansion Adjacent to Highway: Three Potential Porphyry Centres Within Multi-Kilometre Copper-Gold Soil Anomalies at the Kolos Project
https://www.newsfilecorp.com/release/199620
February 28, 2024 6:30 AM EST | Source: Torr Metals Inc.
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2024) - Torr Metals Inc. (TSXV: TMET) ("Torr" or the "Company") is pleased to announce an additional 857 assay results from the 2023 soil sampling program on the 100% owned Kolos Project, situated along Highway 5, 23 kilometers (km) north-northeast of Merritt, British Columbia. The soil samples, totaling 1753 to date, cover an expanded area of 17.4 km2, revealing significant mineralized envelopes of greater than (>) 200 parts per million copper (Cu) in the Kirby, Lodi, and Ace Zones (Figure 1). New expanded footprints (see January 31, 2024 news release for previous dimensions) to >200 ppm Cu soils include 3.6 km by 1.6 km at Lodi (~476% increase), 1,350 metres (m) by 600 m at Kirby (~56% increase), and 750 m by 300 m at Ace. Moreover, the soil results unveil a vast area of anomalous Cu >100 ppm coinciding with gold (Au) >10 ppb, spanning 15.6 km2, showcasing a substantial mineralizing system with potential for extensions to the northeast and south-southwest (Figure 1).
Highlights:
Groundbreaking Copper-Gold Discovery: The latest soil samples, covering a 4 km by 3.5 km area, showcase impressive values; including 211 soil samples with copper values over 100 ppm and 50 samples surpassing 200 ppm up to 761 ppm (Figure 1). A total of 154 samples yielded >10 ppb Au with 61 samples exceeding 20 ppb, reaching a peak of 725 ppb (Figure 2). Additionally, the promising surficial geochemical results indicate exciting potential for a significant multi-centred copper-gold porphyry discovery.
Unlocking Potential with Pending Assays: The outstanding results of 2023 surficial exploration received to date has revealed promising zones to mineralization with expansive possibilities in all directions. The upcoming results for an additional 1,595 pending soil samples aims to better define and potentially extend mineralization zones for three northern historical mineral occurrences (Helmer, Rea, and Clapperton) within a strategically selected 48 km2 area. Simultaneously, results for 47 pending rock grab samples could enhance potential new discoveries within the Kolos Project, highlighting the untapped opportunities within the Project's boundaries.
Prime Positioning for Success: Strategically located with highway accessibility and having never been drill tested, the Kolos Project resides within a significant porphyry belt in British Columbia. Surrounded by major deposits and long-life mines linked to comparable Late Triassic calc-alkaline and alkaline intrusions, including Highland Valley (30 km northwest), New Afton (30 km north), Copper Mountain (106 km south), and Mount Polley; Kolos stands as a potential game-changer for the region.
Significant Exploration Upside and District-Scale Potential: The Kolos Project boasts six copper-gold-molybdenum occurrences (Lodi, Kirby, Ace, Rea, Helmer, and Clapperton) extending across a 6.5 km trend with limited outcrop. The 2023 surficial exploration program has detected extensive zones of Cu-Au mineralization coinciding with highly magnetic anomalies, mirroring neighboring alkalic porphyry deposits. Ongoing interpretation will scrutinize geochemical pathfinder elements associated with epithermal-porphyry deposits, complemented by the ZTEM survey, paving the way for future drill targeting.
Malcolm Dorsey, President and CEO, commented, "The remarkable findings at Kolos underscore the immense potential of our 2023 exploration efforts. We are uncovering a substantial multi-kilometre trend of undrilled anomalous copper and gold cluster porphyry targets while also strategically positioning Torr as a key player in the prolific Quesnel Trough. These results affirm our commitment to unlocking Kolos' full potential, and we eagerly anticipate further discoveries and opportunities as we continue to receive results."
Figure 1. Soil sample results and target locations on the Kolos Project highlighting footprints of highly anomalous copper in soil (>200 ppm), within an extensive envelope of >100 ppm Cu overlying regional RMI-VD geophysics.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/199620_6b2e5367c48969a6_001full.jpg
Figure 2. Soil sample results and target locations on the Kolos Project highlighting footprints of highly anomalous gold in soil (>20 ppb), within an extensive footprint of >10 ppb Au overlying regional RMI-VD geophysics.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/199620_6b2e5367c48969a6_002full.jpg
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. At ALS the "B" horizon soil samples underwent screening to 180 microns under the ALS code PREP-41. The samples were digested using Aqua Regia and analyzed via ICP-MS and ICP-AES using a 25g sample aliquot under the ALS code AuME-TL43. The Company follows industry standard procedures for the work carried out on the Kolos Project. Due to the reconnaissance nature of the soil sampling the Company relied on the internal quality assurance quality control ("QA/QC") measures of ALS. Torr Metals detected no significant QA/QC issues during review of the data.
Qualified Person
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a consultant to the Company who is a qualified person defined under National Instrument 43-101.
About Torr Metals
Torr Metals is a Vancouver based mineral exploration company focused on defining and developing the substantial exploration potential of its 100% owned portfolio of district-scale gold and copper projects; including the ~261 km2 Filion Gold Project in northern Ontario, ~140 km2 Kolos Copper-Gold Project in south-central British Columbia, and ~689 km2 Latham Copper-Gold Project which includes the Gnat Pass deposit in northern British Columbia. All projects are located in prolific mining regions with substantial infrastructure and favourable geology for significant new discovery potential. For further details please refer to the Company's website or geological Technical Reports (August 24, 2021) filed on November 25, 2021 under the Company's profile on SEDAR at www.sedarplus.ca.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email: malcolmd@torrmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-Looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-Looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedarplus.ca. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: Torr Metals Inc.
Doubleview Gold Announces Significant Copper and Gold Intervals, Including 6.94% Copper and 8.29 g/t Gold (11.27% Cu Eq[-Sc]) Over 4 meters, from South Lisle and Main Lisle Zones of Hat Porphyry Polymetallic Deposit
https://www.newsfilecorp.com/release/199246
February 26, 2024 1:10 PM EST | Source: Doubleview Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: A1W038)
Trailbreaker Resources Expands Land Package and Receives Drill Permit for Liberty Copper Property
https://ca.finance.yahoo.com/news/trailbreaker-resources-expands-land-package-124500414.html
Trailbreaker Resources Ltd.
Mon, February 26, 2024 at 4:45 a.m. PST·4 min read
0.00%
Figure 1
Expanded property outline, now covering 12 km of strike extent of the granitic intrusion potentially associated with Cu-Mo porphyry, epithermal gold, and Cu-skarn style mineralization.
VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the expansion of the Liberty property through claim acquisition and staking. The property is now 5,054 hectares in size, covering the mapped granitic intrusion, the copper-molybdenum (Cu-Mo) porphyry and Cu skarn targets, as well as an additional epithermal gold target.
In addition, an existing drilling permit for the Liberty property has been transferred to Trailbreaker. The permit allows Trailbreaker to conduct a first-pass drilling program to test the Liberty Cu-Mo porphyry target. Trailbreaker has initiated a “Request For Proposal” process with drill contractors to conduct a drilling program at Liberty in spring, 2024. This would allow for immediate follow-up exploration if results are favourable.
Message from the President
“By expanding the property, Trailbreaker has secured a first-mover advantage. The existing permit will strategically allow us to drill-test the Cu-Mo porphyry target while also advancing additional targets across the property. When we compare this property to Taseko’s Gibraltar Mine, we understand that these Cu-Mo porphyry systems can be very large and occur in multiple zones associated with the same plutonic body. With limited previous exploration across the property, we feel confident we can expand on the existing target footprint.” – Daithi Mac Gearailt
Liberty Property Description
The Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
The primary target of the Liberty project is a northwest-trending Cu-Mo ± gold (Au) ± silver (Ag) mobile metal ion (MMI) soil anomaly1 (Figure 1). This overlaps an induced polarization (IP) chargeability1 feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS21. For more information on this target see news release dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8% Cu from historic trenching2, the expanded property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut2. Nearby soil and test pit samples returned anomalous grades of gold (Au) and arsenic (As)2. These may represent a lower-temperature epithermal portion of the hydrothermal system.
Expanded property outline, now covering 12 km of strike extent of the granitic intrusion potentially associated with Cu-Mo porphyry, epithermal gold, and Cu-skarn style mineralization.
Figure 1: Expanded property outline, now covering 12 km of strike extent of the granitic intrusion potentially associated with Cu-Mo porphyry, epithermal gold, and Cu-skarn style mineralization.
Claim Acquisition and Staking
Trailbreaker staked an additional 1,007 hectares of claims along the southeast margin of the previous property boundary in order to cover the entire mapped granitic intrusion and any potential mineralization that may be associated with the intrusion.
As well, Trailbreaker purchased 100% interest in a claim block covering 2,148 hectares adjoining the property and extending it to the northwest of the previous property boundary, covering the northwest extent of the granitic intrusion and the epithermal gold target.
This expansion increases the property size from 1,898 hectares to 5,054 hectares, encompassing known prospective geological settings in the area.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker's BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
References
1) https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/
2) https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/
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.
TRAILBREAKER RESOURCES LTD.
650 W. Georgia Street, #2110
Vancouver, British Columbia
Canada, V6B 4N9
Telephone:
Facsimile:
604 681 1820
604 681 1864
https://www.TrailbreakerResources.com
https://twitter.com/TrailbreakerLtd.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may 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. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
PROSPECT RIDGE RESOURCES DISCOVERS A HIGH-GRADE COPPER VEIN SYSTEM ALONG THE NORTHWESTERN EXTENSION OF THE COPPER RIDGE ZONE ON THE KNAUSS CREEK PROPERTY
https://www.newswire.ca/news-releases/prospect-ridge-resources-discovers-a-high-grade-copper-vein-system-along-the-northwestern-extension-of-the-copper-ridge-zone-on-the-knauss-creek-property-843603466.html
Prospect Ridge Resources Corp. Feb 21, 2024, 07:30 ET
VANCOUVER, BC, Feb. 21, 2024 /CNW/ - Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED)
Pacific Empire Announces Engagement of Expert Geophysics Ltd. to Conduct Mobile MagnetoTelluric Survey at Trident
https://www.newsfilecorp.com/release/197685
February 15, 2024 4:30 PM EST | Source: Pacific Empire Minerals Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2024) - Pacific Empire Minerals Corp. (TSXV: PEMC)
Independence Gold Intersects 8.32 Metres of 1.19 g/t Gold and 25.60 g/t Silver in the Mint Vein System at the 3Ts Project, BC
https://www.newsfilecorp.com/release/198829
February 22, 2024 8:00 AM EST | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF)
Artemis Gold Announces Results of Expansion Study for Blackwater Mine
https://www.newswire.ca/news-releases/artemis-gold-announces-results-of-expansion-study-for-blackwater-mine-843638753.html
Artemis Gold Inc. Feb 21, 2024, 17:53 ET
Study outlines opportunity to accelerate expansion; advancing a Tier 1 asset
All amounts in Canadian dollars except where otherwise noted
After-tax NPV of C$3.25 billion at long-term gold price of US$1,800 per ounce ("oz"), after taking into account repayment of Phase 1 Project Loan Facility ("PLF"), as well as the effect of the gold and silver streams
Greater than 500,000 gold equivalent ("AuEq") oz average annual production for first 10 years
Average all-in sustaining costs ("AISC") of US$712/oz gold for first 10 years, placing Blackwater in lowest decile of the global cost curve for gold mines
Average annual free cash flow of approximately C$500 million for first 10 years
Potential for mine life extension
VANCOUVER, BC, Feb. 21, 2024 /CNW/ - Artemis Gold Inc. (TSXV: ARTG)
Moon River Capital Announces Robust Positive Preliminary Economic Assessment of Davidson Molybdenum Project
https://www.newsfilecorp.com/release/198827
February 22, 2024 7:00 AM EST | Source: Moon River Capital Ltd.
North Bay Resources Announces Assays from Copper Island Project: 5.93% Cu Avg. at Pomeroy 1 Zone and 9.06% Cu Avg. at Copper Bell Zone
https://ca.finance.yahoo.com/news/north-bay-resources-announces-assays-140000772.html
North Bay Resources Inc.
Thu, February 22, 2024 at 6:00 a.m. PST·2 min read
NBRI
SKIPPACK, Pa., Feb. 22, 2024 (GLOBE NEWSWIRE) -- North Bay Resources Inc. (the “Company” or “North Bay”) (OTC: NBRI) is pleased to announce previously unreleased assays (with the exception of sample 23CIR-7) at its recently acquired Copper Island Red-Bed Copper Project, located in British Columbia, Canada (press release dated February 16th, 2024). Further, the Company has mobilized for exploration and expects exploration to commence on or about February 26th, 2024. The focus will be the Copper Bell zone (up to 14.7% Cu).
The Company reports Summer 2023 exploration consisted of 8 rock chip samples covering the Pomeroy 1 and Copper Bell zones. The confidential data (B.C. Assessment Report 41377) was recently acquired as part of the property acquisition. Rock chip sampling consisted of sequential leach for oxide, sulphide and residual geochemical analysis. Copper sequential leach (ALS method Cu-PKG06LI involving sulfuric & cyanide leach) identifies oxide, sulphide and residual copper geochemistry. A total of 8 rock samples, ranging from 0.68-1.84 kilograms in weight, of acorn sized rock chips were taken with rock hammer and moil, and placed in marked poly bags and shipped to ALS Chemex Labs Ltd, North Vancouver, BC for Prep-31 & Cu-PKG06LI sequential leach for oxide, sulphide and residual geochemical analysis (Analysis certificate VA23177512):
Pomeroy 1
23CIR-3 7.46% Cu
23CIR-4 8.48% Cu
23CIR-5 4.51% Cu
23CIR-6 3.28% Cu
Average
33 % oxide Cu,
65.4% sulphide Cu
1.6 % residual Cu (native copper)
Copper Bell
23CIR-7 14.7% Cu
23CIR-8 3.42% Cu
Average
22 % oxide Cu,
76.5 % sulphide Cu,
1.5 % residual Cu (native copper)
23CIR-1 and 23CIR-2, taken outside the mineralized zones, generated nominal results.
Historic Exploration and Development Work
Considerable previous work has been performed on the Pomeroy Group copper-silver bearing mineralization. Modern exploration began in 1952-53, when Dodge Copper carried out a detailed exploration program of trenching and diamond drilling. Dodge Copper drilled 145 holes totaling 8800 feet on various deposits. Extensive drilling and trenching of the mineralized zones was completed by Prince Stewart Mines Ltd. in 1972-74. In 2011, the claims were acquired by Copper Island Mines Ltd, and a program of geochemical sampling was carried out on the Pomeroy, Beaver and Colleen Zones. A significant portion of geochemical sampling returned >2% Cu from numerous new & historic copper-silver bearing mineral occurrences (Betmanis, 2012). There are 9 British Columbia MINFILE locations within the Project area (press release dated February 16th, 2024).
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
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.
Evergold – Magnetic Survey Over DEM1 Porphyry Prospect, B.C., Reveals New Mirror-Image DEM2 Target to the Southeast
https://ca.finance.yahoo.com/news/evergold-magnetic-survey-over-dem1-120000859.html
Evergold Corp.
Thu, February 22, 2024 at 4:00 a.m. PST·4 min read
EVGUF
0.00%
Figure 1
Key Targets, DEM Property, February 2024 Heliborne Magnetic Survey
TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to report that a high resolution heliborne magnetic survey over the road-accessible DEM property in central B.C. has been completed, revealing in the process a large new target - designated ‘DEM2’ - of similar scale and geophysical character to the DEM1 porphyry prospect, and centred approximately 4 kilometres to the southeast (Figure 1). The two prospects are separated from each other by a granitic intrusion. The survey was completed in follow-up to a highly encouraging 3-hole reconnaissance drill program carried out late last year on the DEM1 prospect which targeted a multi-element geochemical anomaly in soils overlying compelling strong magnetic, IP chargeability and resistivity anomalies. As reported on January 15, 2024 and highlighted below, the reconnaissance drilling confirmed the presence of a new porphyry system at DEM1, with initial assays (additional assays are pending) demonstrating locally high grades within a broad, low-grade system envelope of such high-value elements as gold, silver, molybdenum, cobalt, tungsten, tellurium and rhenium, indicating a richly mineralized system.
“We continue to methodically advance the DEM property, and the story is only getting better with each step in the process,” said Kevin Keough, President & CEO. “We will be reporting further on our developing plans for the 2024 field season, to potentially include a combination of drilling in follow-up to the impressive early results from last fall’s recon drill program, along with soil geochemical sampling and an induced polarization geophysical survey over the newly identified DEM2 target.”
Highlight intercepts, fall 2023 drill program:
DEM23-01: Partially delineated system envelope (additional assays pending):
135 metres of 0.12 g/t Au and 2 g/t Ag from 6 to 141 metres
Including: high-grade tungsten and silver, with tellurium: 0.32% W, 155 g/t Ag, 5 ppm Te, from 131 to 132 metres
DEM23-02: High-grade porphyry intrusive:
High-grade molybdenum (0.82%), gold (1.2 g/t), silver (8 g/t), rhenium (3.7 g/t) from 299 to 300 metres. Assays of remainder of hole pending
DEM23-03: Partially delineated system envelope (additional assays pending):
48.2 metres of 0.58 g/t Au and 11 g/t Ag from 303 to 351.2 metres
Including: high-grade gold: 11.98 g/t Au and 24 g/t Ag from 339 to 340.5 metres
Including: high-grade cobalt, gold, tellurium: 0.11% Co, 29.5 g/t Au, 22 g/t Ag, 0.19% Cu, 42 ppm Te from 340 to 340.5 metres
About the DEM Project
The 10,451-hectare DEM property, located in moderate terrain only 40 kms northwest of Fort St. James in central B.C., lies toward the south end of the Nation Lakes porphyry camp and within the Quesnel Terrane, the latter of which hosts large deposits and long-life mines including the nearby Mount Milligan mine (50 kms to the northeast of DEM) and Lorraine deposit and, farther south, the Mt. Polley, Afton, Copper Mountain, and Brenda mines, in addition to the Highland Valley mines and deposits. Located central to the DEM property is the “DEM Halo” (a.k.a. “DEM1”) prospect, a roughly 4 km2 target area defined by alteration and mineralogy suggestive of the presence of a porphyry system, by a multi-element soil geochemical signature, including soil highs to 2.1 ppm Au, 160 ppm Ag, >10,000 ppm As, and 651 ppm Cu, by compelling high-relief magnetic and IP-chargeability anomalies, and by the presence of nearby regional scale structures. Extensive logging in the area and associated forest service roads provide drive-on access directly to the DEM prospect. All of these factors, when combined, indicate excellent discovery potential for a precious and strategic metals-enriched porphyry and related vein systems. Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report entitled “Technical Report on the DEM Property” dated August 30, 2023, posted thereon and on the Company’s issuer profile at SEDAR+.
Qualified Person
Charles J. Greig, M.Sc., P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
Figure 1: Key Targets, DEM Property February 2024 Heliborne Magnetic Survey. Total flight lines 1,489.7 km.
Figure 1 - Key Targets, DEM Property, February 2024 Heliborne Magnetic Survey
About Evergold
Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a track record of success in the junior mining space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021 for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.
For additional information, please contact:
Kevin M. Keough
President and CEO
Tel: (613) 622-1916
kevin.keough@evergoldcorp.ca
www.evergoldcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7a3f3fc4-7f2a-47e6-b063-b84ff3d506ad
Carlyle Drills 0.75 g/t Au over 39m at Newton Gold & Silver Project Confirms New Higher-Grade, near Surface Zone North of the Current Inferred Resource
https://www.newsfilecorp.com/release/198674
February 21, 2024 5:00 AM EST | Source: Carlyle Commodities Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC: CCCFF)
Ascot Provides Construction Update on the Premier Gold Project
https://ca.finance.yahoo.com/news/ascot-provides-construction-premier-gold-135700645.html
Ascot Resources Ltd.
Tue, February 20, 2024 at 5:57 a.m. PST·
VIZSLA COPPER PROVIDES UPDATES ON WOODJAM COPPER-GOLD PROJECT EXPANSION
https://www.newswire.ca/news-releases/vizsla-copper-provides-updates-on-woodjam-copper-gold-project-expansion-845260637.html
Vizsla Copper Corp. Feb 21, 2024, 08:00 ET
VANCOUVER, BC, Feb. 21, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to announce that it has completed the acquisition (the "Acquisition") of a 100% interest in two mineral claims (the "Stope Baby Claims") covering exploration ground contiguous with the Company's Woodjam Copper-Gold Project (the "Woodjam Project").
Figure 1 – Woodjam New Claims Location (CNW Group/Vizsla Copper Corp.)
The Company is also pleased to announce that it has entered into an agreement (the "Purchase Agreement") with an arm's-length, third party vendor (the "Copper Pit Vendor") to acquire a 100% interest in two mineral claims (the "Copper Pit Claims") covering exploration ground contiguous with the Woodjam Project.
Stope Baby Acquisition Details
Further to the Company's news release dated January 16, 2024, the Company issued an aggregate of 200,000 common shares of Vizsla Copper (each, a "Vizsla Copper Share") to arm's length vendors (the "Stope Baby Vendors"). The Company has also granted the Stope Baby Vendors a 2% net smelter returns royalty. Vizsla Copper has the right to purchase 1% of such royalty for $1,000,000 in cash.
Additional details regarding the Acquisition and the Stope Baby Claims are set out in the Company's news release dated January 16, 2024.
Copper Pit Acquisition Details
Pursuant to the Purchase Agreement entered into with the Copper Pit Vendor, Vizsla Copper has agreed to purchase two mineral claims totalling 59.5 ha from the Copper Pit Vendor, free and clear of any encumbrances, in exchange for the issuance of 100,000 Vizsla Copper Shares (the "Consideration Shares"). The Consideration Shares will be subject to a four-month hold period pursuant to applicable Canadian securities laws, after which 25% of the Consideration Shares will become free trading. In addition, the Copper Pit Vendor has agreed to voluntary resale restrictions whereby an additional 25% of the Consideration Shares will become free trading every four months thereafter. The Acquisition is subject to standard closing conditions, including the approval of the TSX Venture Exchange (the "TSXV"), and should close in the coming weeks.
The Woodjam Project
The >90,000-hectare Woodjam Project is located 55 kilometres east of the community of Williams Lake in an area characterized by a low elevation, flat to gently undulating landscape that is easily accessed by logging roads. Geologically, the Woodjam Project is located within the prolific Quesnel Terrane – a large regional depositional belt commonly dominated by alkalic volcanic units and related volcaniclastic lithologies. The Quesnel terrane hosts both alkaline and calc-alkaline porphyry copper+/-gold+/-molybdenum deposits, including the Copper Mountain, New Afton, Highland Valley, Mount Polley, Mount Milligan and Kemess mines.
To date, six zones of porphyry-related mineralization (Megabuck, Deerhorn, Takom, Three Firs, Southeast, Megaton) have been identified at the Woodjam Project by drilling. These six mineralized zones form a cluster approximately 5 kilometres in diameter.
Figure 1 – Woodjam New Claims Location
In 2023 Vizsla Copper completed a total of 7,599 metres in 18 holes successfully extending the Deerhorn and Takom deposits while also intersecting the strongest mineralization to date at the Megaton zone.
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. The Company is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. The Company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver (TSX.V: VZLA) (NYSE: VZLA) and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector. Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.vizslacopper.com).
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Ian Borg, P.Geo., Senior Geologist for Vizsla Copper. Mr. Borg is a Qualified Person as defined under the terms of National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to: completion of the acquisition of mineral claims; the Company's growth and business strategies; and the exploration and development of the Company's properties.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE Vizsla Copper Corp.
For further information: and to sign-up to the mailing list, please contact: Chris Donaldson, Chief Executive Officer and Director, Tel: (604) 813-3931 | Email: chris@vizslacopper.com
Kodiak 2023 Regional Exploration Identifies New Targets at MPD
https://www.newsfilecorp.com/release/198689
February 21, 2024 6:00 AM EST | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1)
Cariboo Rose Resources: Drilling to Resume at Carbonate Hosted Gold
https://thenewswire.com/press-releases/1LaPFwlgN-drilling-to-resume-at-carbonate-hosted-gold.html
Vancouver, BC – TheNewswire - Feb 20, 2024 - Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSXV:CRB) has been advised by Basin Uranium Corp. (CSE:NCLR) (“Basin Uranium”), who are earning an interest in the Carbonate Hosted Gold Project (“CHG”), that diamond drilling is expected to start before the end of the month.
In 2021 a VTEM airborne geophysical survey was completed by Geotech Airborne Surveys over the Carbonate Hosted Gold (CHG) claim block located near the community of Clinton, BC and identified a number of resistivity and magnetic anomalies near the topographical high end of three silt alluvial dispersion trains. An initial test of some of these conductors was attempted in March 2023 using reverse circulation techniques. This drilling was unsuccessful owing to the inability of the reverse circulation drill to penetrate the overburden with all seven holes abandoned in till at depths ranging from 43 to 64 meters. The current drill program will again target these same anomalies using a diamond drill provided by Paradigm drilling of Kamloops, BC., It is anticipated, subject to costs incurred, that 500 to 600 meters will be drilled.
CHG is located in southern BC in a semiarid setting on the east slope of the Marble Range. A key contributor to the geological concept of CHG is the permissiveness of gold mineralization to carbonate rocks (silty sediments and limestone) as demonstrated by the Muddy Lake deposit in northern BC, the Rackla gold project in the Yukon Territory and the numerous gold deposits in Nevada. Since initiating exploration in 2013 Cariboo Rose has targeted three small drainages sourcing in the Marble Range (limestone dominant) that returned highly anomalous gold analysis in silt with numerous samples returning values ranging from 100 ppb to 929 ppb gold in silt and to greater than 10,000 ppb gold in sluiced silt. These east-flowing drainages source from an area approximately 8 kilometers wide. An interesting observation on the potential of CHG is an excerpt from the Report to the Minister of Mines [British Columbia] 1886 referencing G.M. Dawson of the Geological Survey of Canada; From the report: “Specimens of a jaspery quartz containing free gold and assaying $300 to the ton have been found in the early part of this year in three separate locations within the surveyed bounds of the town of Clinton....” (readers are cautioned to treat this reference with caution owing to its time frame and rudimentary context).
Basin Uranium may earn a 60% interest in CHG by making payments of $300,000 and completing $1,500,000 in exploration by Dec 31, 2027 ($850,000 now completed) and thereafter an additional 10% interest by completing a bankable feasibility study within 24 months.
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 Carbonate Hosted Gold these are:
-Lightning Strike, shale hosted gold, located east of 100 Mile House, 100% owned.
-Carruthers Pass, massive sulfide, located southwest of Kemess Mine, 100% owned.
-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.
Questcorp Mining Plans North Island Copper Program
https://www.newsfilecorp.com/release/197965
February 15, 2024 6:00 AM EST | Source: Questcorp Mining Inc.
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2024) - Questcorp Mining Inc. (CSE: QQQ) (the "Company" or "Questcorp") is pleased to announce Company management have recently completed a trip to the North Island Copper Project accompanied by their independent Q.P. Mr. Warren Robb, P.Geo. (BC). The primary goal of the property examination was to define the next stage of the exploration program.
Upon review of the Company's 2021 technical report and historical exploration date, Mr. Robb suggested exploration should be focussed on the Marisa Zone, a porphyry copper target last explored in the 1990's by Great West Gold Corporation. Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey identified an interesting chargeability anomaly that was followed up by a five hole, 376.43 meter diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. These values were never followed up.
"Given the recent excitement generated by our neighbours NorthIsle Copper and Gold Inc., 15km to the west in the same belt of rocks and the proximity to the past producing BHP Island Copper Mine 7.5km to the southeast, the Company feels the Marisa Zone has excellent exploration potential and should be the focus of the next stage of exploration at our North Island Copper project," commented Questcorp. President & CEO, Saf Dhillon.
The Company will consult with Mr. Robb and have an announcement on his recommendations and the details of the next phase of the exploration program shortly.
Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.
The technical content of this news release has been reviewed and approved by R. Tim Henneberry', P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in Canada. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company's secondary objective is to locate and develop economic precious and base metals properties of merit.
Contact Information
Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the Canadian Securities Exchange and the intended use of proceeds from the Offering. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Questcorp Mining Inc.
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First "New" Gold Mine to Open in BC for 10 Years -
QR Mine one of BC large gold mines -
investorshub.advfn.com/boards/board.aspx
investorshub.advfn.com/boards/board.aspx
British Columbia (B.C.) is positioned to become a powerhouse province in the commodity boom that has just begun.
investorshub.advfn.com/boards/board.aspwww.cambridgehouse.ca/ch_jan2009.html
www.ivarkreuger.com/metalcharts.htm www.minesite.com/companies/comp_single/company/cross-lake-minerals.html
www.bcadventure.com/adventure/explore/cariboo/cities/quesnel.htm
www.city.quesnel.bc.ca/Community/history.asp
Map of BC mining plays etc. (Not a company list.)
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/OpenFiles/2010/Documents/OF2010-1.pdf
Major Exploration Programs NW Region (Companies are listed).
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/2009_NW.pdf
The Big Picture
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/BCExploration-and-Mining2009.pdf
Mineral Exploration Roundup 2009
January 26 - 29, 2009 - Westin Bayshore Vancouver
Pre registration for the conference is now closed.
If you wish to register for the conference, you will need to register on-site at the Westin Bayshore. On-site registration hours are available here.
Limited Tickets Remaining for the Luncheons and Awards Dinner!
There are a limited number of tickets remaining for our popular keynote events. Although registration for the conference has now closed we are offering the opportunity to purchase tickets to the special events by phone.
To purchase event tickets please call 604.689.5271 x 239.
Tickets Available:
AME BC Health and Safety Awards Luncheon
Keynote Speaker: Robin Sheremeta, General Manager & Team Leader, Safety Performance, Teck Coal Limited Elkview Operations
www.investcom.com/moneyshow/gold_cariboo.htm
www.crosslakeminerals.com/i/pdf/Presentation.pdf
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
www.amebc.ca/
The news focuses on mining in BC, Canada and the International arena. ... News or to find out how to become a subscriber, contact us: mabcinfo@mining.bc.ca ...
http://www.mining.bc.ca/news_events/news.htm
The NBK Institute of Mining Engineering is constantly improving the services that we offer to both the academic community and the general public.
http://www.mining.ubc.ca/
Let Intierra assist you in all of your information
mapping requirements
intierramapping.com/index.asp
http://gateway.cotr.bc.ca/Default.asp
World www.goldstandardinstitute.com/index.html
2010 Worldwide Mining Events Calendar
http://www.infomine.com/events/calendar/2010/
Resource Investment Conference -
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
Useful PM related sites:
http://www.24hgold.com/
http://www.jsmineset.com/
http://www.marketwatch.com/
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.dailyreckoning.com/
http://www.goldenbar.com/
http://www.silver-investor.com/
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com/
http://www.fgmr.com/
http://www.goldensextant.com/
http://www.goldismoney.info/index.html
http://www.howestreet.com/
http://www.depression2.tv/
http://www.un-debt.net/
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com/
http://www.miningstocks.com/
http://www.mineralstox.com/
http://www.freemarketnews.com/
http://www.321gold.com/
http://www.silverseek.com/
http://www.investmentrarities.com/
http://www.kereport.com/ (Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm (in Spanish)
http://www.plata.com.mx/plata/plata/english.htm (in English)
http://www.resourceinvestor.com/
http://www.miningmx.com/
http://www.prudentbear.com/
http://www.dollarcollapse.com/
http://www.kitcocasey.com/
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
http://www.goldcore.com/
http://coininfo.com/
http://www.insidegold.com/
http://www.goldmau.com/
http://www.milesfranklin.com/
http://www.silverminers.com/
http://www.gold-speculator.com/
http://bullion.nwtmint.com/
http://www.preciousmetalsmonthly.com/
http://www.silverstockreport.com/
http://www.longwavegroup.com/
http://theaureport.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.marketforceanalysis.com/
http://www.hsletter.com/
http://www.interventionalanalysis.com/
http://www.investmentindicators.com/
http://www.caseyresearch.com/
http://www.deepcaster.com/
http://www.vrtrader.net/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
http://cambridgehouse.com/
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