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Independence Gold Expands the Spring Drill Program at 3Ts Project, BC
https://www.newsfilecorp.com/release/208495
May 09, 2024 8:00 AM EDT | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF) (the "Company") is pleased to announce the expansion of the current diamond drill program at its 100% owned 3Ts Project, located approximately 185 kilometres ("km") southwest of Prince George, British Columbia and situated 16 km southwest of Artemis Gold Inc.'s Blackwater Project.
The spring drill program has been expanded by 1,100 metres ("m") from the initially planned 4,200m to 5,300m. The increased drill meterage will be used to explore additional targets at the Ted-Mint Vein System, where there is a potential for high-grade intercepts which will be incorporated into the existing mineral resource (see report titled "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada" authored by Armitage and Miller, effective August 18th, 2022; please see news release dated August 18, 2022 for further details). Including the current drill program, an additional 11,000m has been carried out at 3Ts since the mineral resource was updated in 2022; the results from these drill programs will be incorporated into future mineral resource updates.
The spring drill program has focused on the Ted-Mint and Tommy Vein Systems, Johnny and Ian Veins, two geophysical targets known collectively as the "Balrog" anomaly. A total of 4,150m of core has been drilled to date. Drill core is currently being split and then sent to SGS Labs in Vancouver for processing and analysis. Results will be announced as they become available.
Randy Turner, President & CEO of the Company, commented, "We have been fortunate with the drilling at the 3Ts Project so far this season. Efficient drilling, good core recovery and favourable weather has placed the program ahead of schedule. The additional drilling is able to be added to the program without an increase to the expected budget of $1.9 million."
The 3Ts Project is comprised of seventeen mineral claims covering approximately 8,840 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers a low-sulphidation epithermal quartz-carbonate vein district within which more than a dozen individual mineralized veins, ranging from 50m to more than 1,100m in length and true widths up to 25m, have been identified.
About Independence
Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website www.ingold.ca.
Andy Randell, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
"Randy Turner"
Randy Turner, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company's planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence's public filings under Independence Gold Corp.'s SEDAR profile at www.sedarplus.ca. Although Independence has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Suite 580 – 625 Howe, Vancouver, British Columbia V6C 2T6
Telephone: 604-687-3959
Facsimile: 604-687-1448
E-Mail: info@ingold.ca
SOURCE: Independence Gold Corp
Strategic Metals Highlights the CD Copper-Gold Porphyry Target, Southwestern Yukon
Thursday, 09 May 2024 08:00 AM
https://www.accesswire.com/861192/strategic-metals-highlights-the-cd-copper-gold-porphyry-target-southwestern-yukon
Strong soil geochemical anomaly suggests the presence of a robust porphyry system
Magnetic high flanked by chargeability highs defines compelling drill targets
Fully permitted for a large-scale drill program
VANCOUVER, BC / ACCESSWIRE / May 9, 2024 / Strategic Metals Ltd. (TSXV:SMD) ("Strategic" or the "Company") is pleased to report results from a recently completed reinterpretation of geological, geophysical and geochemical data from its wholly owned CD Project ("CD" or the "Project"), in southwestern Yukon. The Project lies within the Dawson Range Gold Belt, a metallogenic province that hosts several major deposits including Western Copper and Gold Corporation's Casino porphyry copper-gold deposit (Figure 1), 85 km to the northwest; Newmont Corporation's Coffee gold deposit, 120 km to the northwest; and Rockhaven Resources' Klaza epithermal gold-silver deposit, 20 km to the east.
Mineralization in the belt is commonly associated with Late Cretaceous intrusions - particularly small plugs and breccia bodies of the Late Cretaceous Casino Suite. At CD, porphyry-style veining and alteration have been identified in an area underlain by a quartz diorite porphyry stock and breccia body of Late Cretaceous age, which is expressed on surface by a 1,200 m by 400 m area of highly anomalous gold- (up to 1,270 ppb) and copper-in-soil (up to 1,485 ppm) geochemistry (figures 2 and 3). This very strong geochemical anomaly lies within an elongated, east-west oriented magnetic feature. Recent 3D reinterpretation of magnetic and induced polarization geophysical data demonstrates that a conspicuous magnetic high in eastern part of the anomaly coincides with a resistivity low, flanked by chargeability highs. These geophysical features, which are situated at shallow depths, are characteristic of chargeable sulphide minerals around a porphyry core.
The project area covers moderate rolling hills and lies within a variably glaciated area of the Yukon, at the margin of the unglaciated Yukon Plateau. The porphyry occurrence at CD, referred to as the Maloney Zone, was identified soon after the Casino deposit was discovered in the late 1960s. Early exploration efforts focussed on an area of strong copper-in-soil geochemistry in the lower part of a west-facing valley. In 1976, six shallow diamond drill holes circumscribed the peak copper soil geochemistry but failed to test the area of highest gold geochemistry or the core of the geophysical target. The Company believes that when the sulphide minerals were weathered, copper was leached and transported by groundwater flux and then reprecipitated to the present location of the copper-in-soil anomaly, leaving behind a residual, in-situ gold-in-soil anomaly. This scenario has been observed at the Casino deposit, where there is a well-developed, gold-enriched leached cap and an underlying copper-enriched supergene zone that includes an area downstream of the deposit where copper-bearing springs come to surface. Significantly, at CD, the area of peak gold-in-soil response is cored by the conspicuous magnetic high, coincident resistivity low and flanking chargeability highs described above (figure 3).
Strategic's Vice President Exploration, Jack Morton commented, "The geophysical and geochemical anomalies identified at CD are similar in size and tenor to those identified at the Alotta Project, which is situated 54 km northwest of CD, in the Dawson Range Gold Belt. On May 7, 2024, Strategic's partner Forge Resources Corp. announced that it plans to commence 2,500 m of diamond drilling at Alotta to follow up encouraging drill intercepts from its maiden campaign, including 0.46 g/t gold over 211.65 m from surface (see news release dated February 29, 2024).The Strategic team consider the Maloney Zone at CD to be one of the Yukon's foremost untested porphyry targets."
More details on the CD project, including a detailed brochure, can be found at:
https://strategicmetalsltd.com/projects/CD
Technical information in this news release has been approved by Strategic's Vice President Exploration, Jackson Morton, P.Geo., a qualified person as defined under the terms of National Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 12 royalty interests, 15 projects under option to others, and a portfolio of 82 wholly owned projects that are the product of over 50 years of focussed exploration and research by a team with a track record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Strategic has a current cash position of approximately $1.8 million and large shareholdings in several active mineral exploration companies including 32.8% of Broden Mining Ltd., 33.4% of GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 16.2% of Silver Range Resources Ltd and 15.6% of Precipitate Gold Corp. All these companies are engaged in promising exploration projects. Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc. ("Terra"), a private Delaware corporation developing a cost-effective alternative to Portland cement, which recently announced a definitive agreement with Asher Materials for an exclusive market license of Terra's first commercial-scale advanced processing facility.
ON BEHALF OF THE BOARD
"W. Douglas Eaton"
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
SOURCE: Strategic Metals Ltd.
Hanstone Gold Executes Asset Purchase Agreement
https://thenewswire.com/press-releases/1L7OFJ1W4-hanstone-gold-executes-asset-purchase-agreement.html
Vancouver, BC – TheNewswire - May 09, 2024 – Hanstone Gold Corp. (TSXV:HANS) (FRA:HGO) (the “Company” or “Hanstone”) is pleased to announce that it has entered into an asset purchase agreement dated as of May 6, 2024 (the “APA”) with Richard Mill (“Mill”) pursuant to which the Company will purchase three mineral exploration claims (the “Purchased Claims”) comprising approximately 355.37 hectares in the Province of British Columbia
The Purchased Claims adjoin the south western portion of Hanstone’s existing Snip North property. The prospective claims are located along the north shore of the Iskut River across from the historic Snip Mine owned by Skeena Resources. The area is known for its exceptional exploration potential, with such discoveries as the Stu area situated on the north side of the Iskut River, where high grade gold-bearing quartz veins occur within lapilli tuffs. The Purchased Claims represent a unique opportunity to discover and expand Hanstone’s exceptional exploration potential and future growth.
Under the APA, as consideration for the Purchased Claims the Company will issue an aggregate of 650,000 common shares of the Company (each, a “Share”) to Mill at a deemed price of $0.05 per Share, representing an aggregate value of $32,500. In addition, the Company will grant to Mill a royalty equal to 2% of the net smelter returns on the Purchased Claims (the “NSR Royalty”), provided that the Company may purchase 1/2 of the NSR Royalty (so that a 1% royalty will remain) for total consideration of $500,000 at any time. The closing of the transaction is subject to the approval of the TSX Venture Exchange. The Shares, when issued, will be subject to a four month hold period. The Company will provide an update respecting the transaction upon receipt of approval from the TSX Venture Exchange.
About Hanstone Gold Corp
Hanstone is a precious and base metals explorer with its current focus on the Doc and Snip North Projects optimally located in the heart of the prolific mineralized area of British Columbia known as the Golden Triangle. The Golden Triangle is an area which hosts numerous producing and past-producing mines and several large deposits that are approaching potential development. The Company holds a 100% earn-in option on the 1,704-hectare Doc Project and owns a 100% interest in the 3,336-hectare Snip North Project. Hanstone has a highly experienced team of industry professionals with a successful track record in the discovery of gold deposits and in developing mineral exploration projects through discovery to production.
For Further Information Contact:
Ray Marks, President
+1-(778)-896-7778, ray.marks@hanstonegold.com
Or visit the Company’s website at www.hanstonegold.com
Forward Looking Statements Disclaimer
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. Generally, but not always, forward-looking information and statements can be identified using 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 information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about Hanstone’s business and the industry and markets in which it operates and will operate. Forward-looking information and statements are made based upon numerous assumptions, including among others, the results of planned exploration activities are as anticipated, the price of gold, the cost of planned exploration activities, that financing will be available if needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct Hanstone’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Eagle Plains Completes Initial Compilation on Theory Copper-Gold Project in the Toodoggone District
https://www.accesswire.com/859438/eagle-plains-completes-initial-compilation-on-theory-copper-gold-project-in-the-toodoggone-district
Monday, 06 May 2024 07:00 AM
CRANBROOK, BC / ACCESSWIRE / May 6, 2024 / Eagle Plains Resources Ltd. (TSXV:EPL) or ("Eagle Plains") has completed an initial data compilation on its recently consolidated 9156 ha Theory Copper-Gold project, located in the Toodoggone Mining District of British Columbia. The project is considered to be highly prospective for both epithermal gold and copper-gold porphyry deposits. The property is owned 100% by Eagle Plains, with 122 hectares of the property subject to an underlying 0.5% Net Smelter Royalty held by a third party.
Project Highlights
Large contiguous land position
Located in highly prospective Toodoggone Copper & Gold Mining District
Multiple occurrences of low-sulphidation quartz-carbonate gold-silver veins
Presence of argillic and propylitic hydrothermal alteration
Favourable geological setting including a significant extent of the "Red-Line" unconformity
Last significant exploration was 1988 with no modern geophysics or drilling
See Theory Project Map here
The 9156 ha Theory Property is located in northern BC within the Toodoggone Mining District. The district is endowed with both epithermal gold and porphyry copper-gold deposits, most notably the past producing Kemess Mine owned by Centerra Gold. The Omineca Resource Road provides access to the region from Mackenzie, BC. Recent road upgrades completed in 2023 by Thesis Gold on their Lawyers-Ranch Project brought road access to within 8 kms of the Theory property.
Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics which unconformably overlie late Triassic Takla Group volcanics. The entire package of rocks is intruded by late Triassic and early Jurassic stocks. The majority of the Theory property encompasses the highly prospective Jurassic-Triassic unconformity (~200 Ma), termed by the BC Geologic Survey as the ‘Red-Line', which is known to have a high spatial correlation to many of the known deposits throughout the Golden Triangle and Toodoggone.
Although exploration within the property boundaries by previous operators has been intermittent since the mid-60's and regional government surveys are limited, encouraging mineralization and alteration commonly associated with both epithermal and porphyry systems has been documented.
Exploration success in the area has been highlighted by the recent announcement by Thesis Gold at their Lawyers-Ranch Project of a combined Measured and Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 Koz at respective grades of 1.51 and 1.82 g/t AuEq. (Thesis Gold, May 1, 2024 News Release)
FRED 4 Showing
Discovered by Sumac Mines in 1973, the Fred 4 showing consists of sulphide bearing quartz-carbonate veins, accompanied by argillic alteration of the host andesitic Takla volcanics, which yielded assays from trace amounts up to 0.33 oz/ton (10.26 g/t) Au and 1.44 oz/ton (44.79 g/t) Ag over narrow widths. The veins and adjacent propylitic alteration have a total width of 1.2m.
FRED 1 Showing
Discovered in 1987 by Prolific Resources Ltd., the FRED 1 showing is a 5m wide and 20m long quartz carbonate vein system. Grab samples from the zone returned gold results ranging from trace amounts up to 6.80 g/t Au, 4.34 g/t Au, and 3.7 g/t Au, as well as silver results up to 1101 g/t Ag & 1480 g/t Ag. Propylitic alteration is noted in many of the structural zones and copper mineralization, including chalcopyrite, bornite and malachite, is commonly noted in sample descriptions.
In late 2023 Eagle Plains acquired the property through staking and third-party agreements. The company is highly encouraged by initial data compilation and believes the project area is prospective for both epithermal gold and copper-gold porphyry deposit types. Detailed compilation and interpretation of available data from historical work programs is ongoing and will lead to recommendations for future work.
The Theory project is available for option and Eagle Plains is actively seeking partners.
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above results were taken directly from MINFILE descriptions and assessment reports filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
SCOTTIE RESOURCES OUTLINES 2024 EXPLORATION PLAN
https://www.newswire.ca/news-releases/scottie-resources-outlines-2024-exploration-plan-825379085.html
Scottie Resources Corp. May 08, 2024, 07:30 ET
VANCOUVER, BC, May 8, 2024 /CNW/ - Scottie Resources Corp. ("Scottie" or the "Company") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to announce the exploration plan for the 2024 season on the Company's flagship asset, the Scottie Gold Mine Project, located in BC's Golden Triangle. Slated to start in late June, the $4.5 M program will provide expansionary drilling at the Blueberry and D-Zone targets, initial drilling of a new showing, and testing at the historic Scottie Gold Mine that will aim to define a high-grade gold resource. The Scottie Gold Mine Project, which includes the 100% owned historic mine, and the adjacent Blueberry Zone, is located 35 kilometres north of the town of Stewart, BC, along the Granduc Road.
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating known mineralized zones along the margin of the Texas Creek intrusive, and the planned 2024 exploration objectives. (CNW Group/Scottie Resources Corp.)
Highlights:
Fully financed $4.5 M budget
Expansionary drilling of the Blueberry Zone (~2,500 metres)
Underground validation of historic drilling at the Scottie Gold Mine and defining a high-grade resource for the deposit
Continued drilling of the Scottie Gold Mine P-Zone (~1,000 metres)
Step-out drilling on D-Zone targets (~1,500 metres)
Initial testing of the new high-grade gold showing discovered in 2023 located
between the Scottie Gold Mine and D-Zone (~1,000 metres)
Robust TerraSpec program (short-wave infrared spectroscopy) designed to establish
the fertile window around the Texas Creek intrusive
President and CEO, Brad Rourke commented: "Fully financed, our program this year is designed to efficiently consolidate and leverage Scottie's exploration successes at Blueberry and D-Zone into a robust framework that directly links the Scottie Gold Mine and other local deposits with these discoveries. Another key component of the program will be to establish a resource at the Scottie Gold Mine to underpin value and demonstrate a pathway for a global project-scale resource encompassing the belt of high-grade deposits that occur along the margin the Texas Creek aged intrusive stock - notably Blueberry, D-Zone, and Bend. With a healthy treasury and a clear plan to demonstrate value, we are well positioned to benefit from opportunities unfolding in the area."
2024 Exploration Program
The exploration program will commence in late-June (snow melt dependant). Drilling will commence with one diamond drill targeting the Blueberry Contact Zone for expansion, and a fly-drill will focus on targets requiring helicopter access, e.g. D-Zone and the Scottie Gold Mine. Total initial meterage budgeted is about 6,000 metres, spread across multiple targets, the allocation being dependant upon initial field observations and results. The program is being developed with the ability to easily scale up, should the market conditions change.
The TerraSpec program (short-wave infrared spectroscopy) will be following up on positive initial results from a small pilot program on the Blueberry Contact Zone that indicated a link between clay/mica minerals and proximity to the high-grade ore shoots. The 2024 TerraSpec program will expand on these results in order to assess other deposits in the Scottie Gold Mine and their relation to the adjacent Texas Creek intrusive. The program will combine data from surficial transects, analysis of historic drill core, and the 2024 drill holes.
In addition to work on the Scottie Gold Mine Project, the company will be carrying out a concerted greenfield exploration program on the Georgia Project where a new showing was discovered in 2023. The showing is located 3 kilometres south of the historic Georgia River Mine where a grab sample hosting visible gold ran 165 g/t gold. The location the 1.5 metre wide, banded quartz-carbonate-chlorite vein, is approximately 3 kilometres along strike of the historic Georgia River Mine. Additional field work is also planned on the Cambria Project which is located between Ascot's Premier Project and their Red Mountain deposit, the project hosts multiple small past-producing high-grade silver-rich polymetallic mines.
About the Scottie Gold Mine Project
Exploration of the Scottie Gold Mine Project over the past 5 years has produced exceptional drill results through the discovery of high-grade gold in four new zones (Blueberry Contact Zone, Domino, D-Zone, P-Zone) and the expansion of previously drill confirmed targets (Scottie Gold Mine, C-Zone, Bend Vein, Stockwork). When depicted on a map of property scale geology (Figure 1) there is a clear spatial relation between the outcropping and drill-confirmed high-grade gold targets and the contact with the Jurassic aged, Texas Creek Plutonic suite intrusion. The new 2023 surface discovery of gold-rich vein style mineralization between the Scottie Gold Mine and the C & D-Zones further supports this relationship. Geological work in the area has established strong connections between the various deposits. The chemical, mineralogical, structural, and age relationships of the deposits and host rocks support a genetic model whereby all deposits are linked to the same mineralizing event.
About the Blueberry Contact Zone
The Blueberry Contact Zone is located just 2 kilometres northeast of the 100% owned, past-producing Scottie Gold Mine located in British Columbia, Canada's Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein had only limited reported drilling prior to the Company's exploration work. The target was significantly advanced during Scottie's 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2023, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a first order structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2023, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of 1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25 kilometres to the north.
Quality Assurance and Control
Results from samples taken during the 2023 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.
Dr. Thomas Mumford, P.Geo., a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.
The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource.
All of the Company's properties are located in the area known as the Golden Triangle of British Columbia which is among the world's most prolific mineralized districts.
Forward Looking Statements
This news release may contain forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
SOURCE Scottie Resources Corp.
For further information: Brad Rourke, President and CEO, +1 250 877 9902, brad@scottieresources.com; Gordon Robb, Business Development, +1 250 217 2321, gordon@scottieresources.com
Kodiak Provides Exploration Plans for 2024 and New VRIFY Areas of Interest
https://www.newsfilecorp.com/release/208324
May 08, 2024 6:00 AM EDT | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") today reports plans for its 2024 Exploration Program, together with new potential Areas of Interest generated by VRIFY Artificial Intelligence (AI) targeting software, on its 100% owned MPD copper-gold porphyry project in southern British Columbia.
2024 Exploration Highlights
Kodiak's 2024 exploration program will drill new targets developed by Kodiak's exploration team and VRIFY AI's predictive modeling, and include further drilling to expand the near-surface mineralization envelopes within and adjacent to existing zones.
Kodiak has identified 24 drill-confirmed zones and prospective target areas on the MPD Project to date. Only eight of these have seen drilling by the Company: Gate, Prime, Man, Dillard, Beyer, 1516, West and South Zones. Figure 1
VRIFY AI has recognized nine additional Areas of Interest, either adjacent to known copper-porphyry zones (Gamma, Zeta, Epsilon, Lambda, Omega and Sigma), or as new priority regions (Omicron, Iota and Tau) which merit follow-up in 2024. Figures 2 and 3
Six target areas warrant new or further drill testing in 2024: two at MPD North (Belcarra and Blue) and four at MPD South (1516, South, Adit and Celeste). The targeting strategy involved the integration of existing data and AI model results. Figures 1 to 5
A drill program of 10,000 metres is planned in 2024, focused on multiple drill-ready targets in the MPD North and South Project areas, with the goal of locating high-grade mineralization in and around known zones or making new discoveries.
25-line kilometres of new 3D Induced Polarization (3D IP) surveying and a 2,000-sample soil geochemical survey is proposed in 2024 to advance VRIFY AI Areas of Interest to drill-readiness.
Regional exploration in 2023 identified five new targets at MPD (see news release February 21, 2024): Agie, Leeside, Celeste, Orbit and Comet. Additional ground exploration will be carried out to prioritise for future drill testing in these areas.
Chris Taylor, Kodiak's Chairman said, "After a successful 2023 drill campaign that demonstrated kilometre-scale mineralization at several new targets, including mineralization right from surface and significant high-grade zones, this year, more of Kodiak's work will be dedicated to follow-up drilling of near-surface mineralization that can be used in future modeling exercises. Our geological team has also identified several new drill targets based on geochemical and geophysical prospecting, including a number of intriguing new areas of interest that have been informed by VRIFY's AI modeling."
Claudia Tornquist, President and CEO of Kodiak said, "We are looking forward to kicking off the 2024 field season and getting the boots on the ground to continue unlocking the full potential of our MPD project. The VRIFY AI software has proven a remarkable tool to support our ongoing exploration work, and its analytical power has contributed to defining the most promising targets for this year's exploration program. I have no doubt that leveraging cutting-edge AI technology at our target and data-rich MPD project will maximize the efficiency of Kodiak's exploration work, amplify our success rate and accelerate our discovery journey."
Figure 1: 2024 Target Location Map - MPD Project, Southern BC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/208324_939d422d14f3fbf5_002full.jpg
Figure 2: Screenshot of VRIFY AI 3D geo-targeting model at MPD North (looking northeast) showing five new prospective areas (yellow text). VRIFY Areas of Interest occur adjacent to known mineralized zones (Epsilon , Gamma, and Zeta), or as new regions for follow-up in 2024 (Omicron and Iota). Peaks and heat map colours rank the AI models for Cu-Au mineralization. AI results associated with Cu-Au mineralization from Kodiak zones (yellow spheres) and historic zones (red spheres) have been removed from the image to highlight new VRIFY Areas of Interest.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/208324_939d422d14f3fbf5_003full.jpg
MPD North - Drill Targets
The Belcarra target lies 400 metres south and the Gate Zone and midway to the Man Zone. Historic grab samples first reported in 1972 assayed 1.24% and 0.42% Cu. Prospect sampling by Kodiak in 2019, followed by 3D IP and soil surveys on subsequent programs confirmed anomalous copper-gold-silver mineralization and a geophysical response. When combined with VRIFY's adjacent Epsilon Area of Interest, Belcarra is a compelling priority target with mineralization at surface and a possible link or offset to the Gate - Man Zone trend. Figures 1 and 2
At the Blue target, a kilometre-scale copper in soil anomaly has rock samples with significant copper-gold-silver, including a sample with 3.19% Cu, 0.21 g/t Au and 41 g/t Ag (news releases February 28, 2023, and February 3, 2022). This is supported by a 2023 3D IP response from surface to 700 metres depth. The area central to MPD has never been drilled and therefore Blue provides an opportunity for a significant new discovery. Figure 3
Figure 3: Blue Target 3D-IP cross-section at 5511100N looking north. Section shows a broad untested chargeability high from surface to 700 m depth, corroborated by copper-gold in soil and rock samples.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/208324_939d422d14f3fbf5_004full.jpg
MPD North - New VRIFY Areas of Interest
Five new prospective Areas of Interest were identified by the VRIFY AI modelling at MPD North. Three of these areas (Gamma, Zeta and Epsilon) are adjacent to existing Kodiak targets or zones yielding significant mineralization at surface or in drilling (Dillard, Belcarra and Northstar) and could be upgraded to drill-ready status as the 2024 program advances. Figure 2
Two of VRIFY's AI selections are broad underexplored Areas of Interest (Omicron and Iota) occurring along geological, structural or mineralized trends. These new prospective VRIFY areas will be explored in more detail as part of the 2024 program. Figure 2
Figure 4: Screenshot of VRIFY AI 3D geo-targeting model at MPD South (looking south) showing four new prospective areas (yellow text). VRIFY Areas of Interest occur adjacent or along trend of known mineralized zones (Lambda, Omega and Sigma), or as new regions for follow-up in 2024 (Tau). Peaks and heat map colours rank the AI models for Cu-Au mineralization. AI results associated with Cu-Au mineralization from Kodiak zones (yellow spheres) and historic zones (red spheres) have been removed from the image to highlight new VRIFY Areas of Interest.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/208324_939d422d14f3fbf5_005full.jpg
Drill Targets - MPD South
The Company made significant progress on its first drilling campaign at MPD South in 2023. Drill results included high-grade intercepts and mineralization from surface at the West and South Zones and the discovery of an entirely new porphyry centre at 1516 (see news releases July 27, October 17 and December 7, 2023; April 25, 2024). Figures 1 and 4
The South-Mid-Adit trend will continue to be a priority target area for further drilling in 2024. Historic high-grade surface mineralization, historic soil geochemistry, 3D IP data, Kodiak drill results and supporting AI data all combine to suggest the three zones comprise one large system. Prior to Kodiak's Gate Zone discovery, Adit reported the highest-grade copper-gold-silver values in historic drilling, including 111 metres of 0.56% Cu at the Adit target. Figures 1, 4 and 5
The new 1516 Zone is the second new copper porphyry centre discovered by Kodiak on the MPD Project. 1516 has coincident IP responses and based on drill core and soil geochemistry, could be related to the South, Mid and Adit Zones. The first holes into 1516 are interpreted to be in a lower grade shell and follow-up drilling is warranted to find higher-grade zones and test the strike potential of this zoned porphyry system. Figures 1, 4 and 5
At Celeste, a new 700-metre-long copper-in-soil anomaly coincides with a rock sample from 2023 that assayed 0.69% Cu, 0.68 g/t Au and 4.5 g/t Ag (see news release February 21, 2024) and a historic 3D-IP response. The Celeste target has never been drilled, occurs just 600 metres north of the high-grade West Zone and therefore warrants drill-testing in 2024. Figures 1, 4 and 5
New VRIFY Areas of Interest - MPD South
Four new prospective Areas of Interest were identified by the VRIFY AI modelling at MPD South. Three areas (Lambda, Omega and Sigma) are adjacent to new discoveries (1516) or existing Kodiak and historic zones with significant mineralization at surface and in drilling (South and Adit). Like at MPD North, these adjoining VRIFY Areas of Interest could advance to being drill ready as the 2024 program progresses. Figure 4
One of VRIFY AI's selections at MPD South is a broad underexplored Area of Interest called Tau. This new east-west trending prospective area overlaps a soil geochemical survey done by Kodiak in 2023, which is now called the Orbit Target. The central portion of VRIFY's Tau Area corresponds with copper in soil anomalies repeated in surveys by Kodiak and various operators since 1972. Further exploration will be conducted in the VRIFY Tau Area of Interest as part of the 2024 program. Figure 4
Figure 5: Plan map showing targets and zones at MPD South. Bar graphs show downhole copper (green) and gold (red). Background is colour contour historic copper-in soil data.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3803/208324_939d422d14f3fbf5_006full.jpg
MPD is a large land package (226 square kilometres) located near several operating mines in the southern Quesnel Terrane, British Columbia's primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in the VRIFY AI mineral targeting software and information contained in this news release. The historic work referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak's review of available documentation and select verification work. However, the Company has not independently validated all historic work, and the reader cautioned about its accuracy.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About 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 Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA. The Company's most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada. MPD has all the hallmarks of a large, multi-centered porphyry system. Kodiak has made the Gate Zone discovery of high-grade mineralization within a wide mineralized envelope, and MPD hosts several other targets with similar discovery potential. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine. Kodiak's porphyry projects have both been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.
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.
Greenridge Exploration Announces 2024 Work Program for its Weyman Copper Project
https://ca.finance.yahoo.com/news/greenridge-exploration-announces-2024-program-120000058.html
Greenridge Exploration Inc.
Tue, May 7, 2024 at 5:00 a.m. PDT·8 min read
HW3.F
+3.60%
GXP.CN
-1.19%
VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has outlined its 2024 Work Program (the “Program”) for its Weyman Project (the “Weyman Project” or the “Project”) located in Southeastern British Columbia. The Project covers approximately 6,925 acres of land and is comprised of 7 staked mineral claims in the southern Quesnel Terrane of British Columbia.
Russell Starr, Chief Executive Officer of the Company, commented, “The 2024 work program marks a pivotal moment for the Weyman Project, underlining our commitment to this asset’s significance. Our aim is to follow up on previous exploration and data as well as identify new zones of interest for future programs.”
2024 Work Program
The Company will be conducting a program of total metal ion soil survey and geological mapping on the Project. The 2024 soil survey grids will be designed to fill in the unexplored area between the two 2021 Monumental Gold soil grids and to extend the area of known soil-metal concentrations to the boundaries of the Project. At present, no property-scale geological mapping has been conducted on the Project. The focus of the Program includes:
Investigation of areas of known soil-metal copper, molybdenum, silver, and gold anomalies to help identify areas appropriate for subsequent exploration programs such as trenching or drilling. Identification and mapping of structures and alteration related to the Weyman thrust.
The Weyman Project is an early-stage exploration property over which mostly preliminary programs have been conducted. Those programs, aeromagnetic survey and total metal ion soil surveys, have been designed to assist in defining the existence of porphyry copper-molybdenum-silver-gold alteration and mineralization. Once the existence of such alteration and mineralization has been verified, the process of quantification can commence. Geophysical surveys are remote in that they are investigations of one or more physical properties of the rock or regolith surveyed in the hope that those properties relate to the localization of economic mineralization.
The results of the 2020 airborne magnetic survey were a record of magnetic properties of the rock and regolith surveyed across the Property. The magnetic qualities of that material do not necessarily relate to the localization of economic quantities of mineralization. The risk is that despite good looking targets having been generated by the 2020 airborne magnetic survey, it is possible that those targets may not be indicative of economic quantities of mineralization.
Total metal ion soil surveys are more direct investigations into the possibility of the presence of economic mineralization than geophysical surveys; however, they are remote in that physical samples of the regolith overlying rock potentially hosting economic mineralization are being taken and analysed.
The most important factor related to the success of a total metal ion soil survey is that the soil being sampled is relatively thin and is the result of the weathering and breakdown of the underlying rock so that the elemental concentrations in the soil relate to those in the underlying rock. Soils developed atop thick exotic material forming such surficial features as thick glacial tills, mass debris flows, and glacial drumlin fields can return total-metal, soil-sample results that are almost meaningless.
Information about the Weyman Project
The Weyman Project covers approximately 2,803 hectares (6,925 acres) of subdued terrain on the Thompson Plateau of southern British Columbia. It is about 77.3km (47.2 mi) north of the town of Princeton and about 62km (37.8mi) south of the city of Kamloops.
The Weyman property is located in the southern Quesnel geological terrain. It hosts the southern margin of the Wild Horse batholith, a calcalkalic intrusion in the eastern belt of that terrane. Belts within the Quesnel terrain host intrusive centres spaced roughly 10 to 11 kilometers (6.1 to 6.7 mi) apart. Hydrothermal systems and porphyry copper-molybdenum deposits tend to be clustered around those intrusive centres; thus, the most prospective parts of the Quesnel terrane are near the intrusive centres. Accordingly, the Weyman Project should be prospective for porphyry-type copper, molybdenum, silver, and gold mineralization.
The Weyman Project area is sparsely explored. Only four recent exploration programs have been conducted in that area. From 1984 until 1999, diamond drilling and trenching was conducted by Harold Adam and associates at the Pilot showings area which covers an area of about 1.5 ha (3.7 acres) in the eastern part of the Property. In 2014, HPX Quesenellia Holdings Inc. conducted a reconnaissance total metal ion soil survey centered west of the Weyman Project area. That survey grid covered a total of 41.7 km2 (15.5 mi2), of which 11.3 km2 (4.2 mi2) was on ground covered by the western part of the current Weyman Project. In 2020, Monumental Gold Corp. conducted an airborne magnetic survey over almost all of the Property. In 2021, Monumental Gold Corp. conducted total metal ion soil survey over two grids. The eastern grid covered 389.5 hectares (962.1 acres) centered on the Pilot showings area (the area of previous drilling). The western grid covered 260 hectares (642.2 acres) centered on the 2014 HPX Quesnellia Eastern Target soil anomaly. Presently, 1,286 hectares (3,176 acres) or about 45.9% of the Property area has not been subjected to any recent ground exploration.
Since 2014, exploration in the Weyman Project area has been mostly focused on the western part of the project area where an extensive, westerly dipping thrust fault, the Weyman Thrust, was identified by the 2020 Monumental Gold aeromagnetic survey. The thrust is associated with an intense aeromagnetic low, which may be due to pervasive rock alteration. Such alteration envelops porphyry-type mineral deposits. The area of the magnetic low hosts areas of elevated copper, molybdenum, and gold in soils that have been identified in both the 2014 HPX Quesnellia and 2021 Monumental Gold soil surveys. Presently, the area adjacent with the Weyman thrust is the main exploration target on the Property.
National Instrument 43-101 Disclosure
John Ostler, M. Sc., P. Geo, (EGBC Licence # 18415) is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Ostler has reviewed and approved the technical content in this release.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in North America. The Company’s Nut Lake Uranium Project located in the Thelon Basin includes historical drilling which intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth¹. Additionally, the Company’s Weyman Copper Project in southeast British Columbia sits on the south portion of the famous Quesnel Terrance. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.
On Behalf of the Board of Directors
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward looking statements in this news release include, but are not limited to, statements respecting: the Project and its mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; the commencement of the Program in the future; the anticipated results of the Program; further exploration work on the Property in the future. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
Golden Cariboo Infill Drilling Results Compiled for QGQ22-01 Yielding 0.87 g/t Gold (0.57g/t cut) Over 32.0m (105 ft); QGQ24-08 In Progress to Target Up-dip Extent.
https://thenewswire.com/press-releases/1BjjF1D9g-golden-cariboo-infill-drilling-results-compiled-for-qgq22-01-yielding-0-87-g-t-gold-0-57g-t-cut-over-32-0m-105-ft-qgq24-08-in-progress-to-target-up-dip-extent.html
May 7, 2024
Vancouver, Canada – TheNewswire – Golden Cariboo Resources Ltd. (“GCC” or the “Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP
Hi-View Provides Corporate Update on Its BC Gold Properties
https://ca.finance.yahoo.com/news/hi-view-provides-corporate-bc-070100434.html
Hi-View Resources Inc.
Mon, May 6, 2024 at 12:01 a.m. PDT·2 min read
B63.F
-68.00%
HVWRF
0.00%
HVW.CN
0.00%
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- Hi-View Resources Inc. (‘Hi-View' or the ‘Company’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) is pleased to announce an update for 2024 exploration on the Golden Stranger and Lawyers South, East and West claim blocks (the “Properties”) located in BC’s prolific “Golden Horseshoe” region. The Properties are contiguous to Thesis Gold Inc. Lawyers-Ranch Project that has reported significant drilling intercepts and extensive ongoing drilling campaigns.
Hi-View intends on utilizing a compilation of historic work and airborne survey data, to plan a 2024 exploration program to complement recent successful sampling and historic work as well as recent gold discoveries in the area. Hi-View conducted a 2023 sampling program focused on the Golden Stranger and identified new points of interest that included new high priority outcrops for additional sampling. A total of 399 soil samples and 11 rock samples were collected and have been submitted for assay to ALS Geochemistry lab for gold and multi-elemental analysis. Assay results are pending.
In the 2023 exploration program, physical work was completed on 389 sites of interest within the Golden Stranger claims, a helicopter landing pad was constructed to facilitate further exploration and a Wildlife Management Plan was completed. The Golden Stranger claims have historic drilling of 29 diamond drill holes during 1987 and 1988, which showed mineralization in core and on surface consistent with other regional mineralized trends. The Lawyers group of claims has had an airborne magnetics survey flown at 100 meter spacing, which produced strong magnetic anomalies consistent with other regional mineralized trends.
The Claims Location Map below shows Hi-View’s Golden Stranger and Lawyers group Properties, consisting of 9,139 hectares, contiguous to Thesis Gold’s Lawyers-Ranch Project, being a 495 square kilometre land package, and other nearby mining projects. Thesis’ Lawyers-Ranch Project is quickly developing into one of Canada’s largest gold and silver projects.
Photo caption
About Hi-View
Hi-View is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company, through its subsidiary, holds options to acquire the Golden Stranger Property and the Lawyers West, East, South projects, together with claims acquired directly through staking, all located in the Toodoggone region of northern BC, prospective for gold, silver, and copper. The collective holdings cover 9,139 hectares.
Contact:
Hi-View Resources Inc.
Howard Milne, CEO
Email: hdmcap@shaw.ca
Telephone: (604) 377-8994
Website: www.hiviewresources.com
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release includes statements related to the proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/37d37eea-26a0-4c3f-aedf-0129b868dbce
InZinc Reports Exceptional Barite Intersections at Indy - Planning for Upcoming Exploration
https://www.newsfilecorp.com/release/207718
May 02, 2024 12:23 PM EDT | Source: InZinc Mining Ltd.
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - InZinc Mining Ltd. (TSXV: IZN
Trailbreaker Resources Receives Exploration Permit for Swan Target at Atsutla Gold Project
https://ca.finance.yahoo.com/news/trailbreaker-resources-receives-exploration-permit-114500661.html
Trailbreaker Resources Ltd.
Mon, May 6, 2024 at 4:45 a.m. PDT·4 min read
APRAF
0.00%
VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce it has received a multi-year area-based exploration permit for the Swan target at the Atsutla Gold Project in northern British Columbia (BC). The permit will allow Trailbreaker to conduct advanced exploration at the Swan target, including geophysical surveying and future diamond drilling, in order to better define the mineralization system.
Trailbreaker is currently planning its 2024 exploration activities for Swan, including an induced polarization (IP) survey covering a strong multi element geochemical anomaly coincident with argillic alteration. The survey is designed to identify any chargeability and resistivity features potentially associated with mineralized alteration zones. As porphyry deposits often form in clusters, additional surface exploration will be conducted concurrently with the IP program to continue exploring for new mineralized targets at the Atsutla Gold Project.
Message from the President
“Receiving our exploration permit for Swan is a big step toward advancing the Atsutla Gold Project. We now have the capability to be more aggressive with our exploration efforts in order to advance the Swan target.” – Daithi Mac Gearailt
Swan Target Description
The Swan target is located in the eastern Atsutla Gold Property area, in northern BC. Swan is a potential gold-silver-copper (Au-Ag-Cu) porphyry system, defined by a 900 m by 700 m Au-Ag-Cu-arsenic (As) – antimony (Sb) – molybdenum (Mo) – lead (Pb) soil geochemical anomaly along a gossanous ridge. The host setting is a leucogranite porphyry intrusion with argillic and phyllic alteration assemblages. Bedrock sampling by Trailbreaker in the centre of the soil anomaly has returned values up to 11.5 g/t Au and 16.8 g/t Ag.
Historic IP surveying around the Swan target took place in the valley west of the soil anomaly. This work focused on a molybdenum anomaly associated with a semi-circular chargeability high. This chargeability feature partially wraps around the soil anomaly, but the survey dimensions do not cover the entire anomaly. Additionally, IP surveying will be valuable in identifying potential chargeability highs, which may indicate high sulphide content and associated alteration zonation. As well, resistivity characteristics may help vector toward felsic intrusive centers and high-density quartz veining which would indicate the potassic core of a porphyry system.
Highlights of the Swan target include the strong Au geochemical anomaly, phyllic and argillic alteration zones, and the partial chargeability high ring feature defined from a historic IP survey.
Figure 1: Highlights of the Swan target include the strong Au geochemical anomaly, phyllic and argillic alteration zones, and the partial chargeability high ring feature defined from a historic IP survey.
About the Atsutla Gold Project
The Atsutla Gold project covers over 40,000 hectares of underexplored and prospective ground in northwestern BC. The project covers a portion of the Atsutla mountain range 70 km south of the BC-Yukon border. Placer gold was recorded in the area during the early 1900s, with very little subsequent mineral exploration.
The project is centered over the crustal-scale Teslin-Thibert fault system that marks the division between the Quesnel and Cache Creek terranes. Gold mineralization is associated with Mesozoic intrusive batholiths that are the predominant geological unit on the property. Trailbreaker has discovered five significant zones of gold mineralization across the property. These are:
Swan Zone – discussed above – Au-Cu-Ag porphyry target defined by a 900 m by 700 m multi-element soil geochemical anomaly with rock samples grading up to 11.5 g/t Au and 16.8 g/t Ag.
Highlands Zone – A 750 m by 600 m area in the western Atsutla Gold property region, with veins containing coarse visible gold and assaying up to 630 g/t Au and 1,894 g/t Ag.
Christmas Creek Zone – Gold-bearing quartz veins 2 km east of the Highlands Zone, with rock samples assaying up to 102 g/t Au and 524 g/t Ag.
Snook Zone – High-grade veins 3.5 km northeast of the Highlands Zone with rock samples assaying up to 53.3 g/t.
Willie Jack Zone – 1.25 km long gold-in-soil anomaly with soil samples assaying up to 3.77 g/t Au and rock samples up to 9.9 g/t Au.
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.
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
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.
A photo accompanying this announcement is available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/c66345bd-85aa-42bb-a466-fe24fe4ce990
Thesis Gold Announces a Combined Measured & Indicated Mineral Resource of 4.0 Moz and an Inferred Mineral Resource of 727 koz at the Lawyers-Ranch Project
https://www.newsfilecorp.com/release/207447
May 01, 2024 6:30 AM EDT | Source: Thesis Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - Thesis Gold Inc. (TSXV: TAU) (FSE: A3EP87) (OTCQX: THSGF) (
MTB Exploration and Corporate Update
https://www.newsfilecorp.com/release/206954
April 26, 2024 8:45 AM EDT | Source: MTB Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2024) - MTB Metals Corp. (TSXV: MTB) (OTCQB: MBYMF) (FSE: E8H) ("MTB" or the "Company") is pleased to provide an update on its six exploration projects in BC's Golden Triangle as well as a corporate update.
Higher prices for copper, gold and silver have led to renewed interest from potential joint venture partners and investors. We continue to work toward joint venture funding and/or other sources of financing to continue to advance our various exploration projects.
Telegraph
On-going evaluation of the abundant data compiled from the Telegraph property continues to support the hypothesis that the project is host to several porphyry copper-gold targets that are worthy of immediate follow-up. MTB's initial drill hole into the Dok target yielded an interval including 107 metres of 0.38 per cent copper equivalent within 436 metres of intersected mineralization.
One of the most significant findings from reviewing the data is the interpretation that the two drill holes drilled in 2014 tested the footwall of mineralization, leaving upside exploration potential over 800 metres along the Dok trend. This, in combination with a better understanding of the mineralization, breccias, and intrusive units along the Dok trend, will help refine vectoring for future work.
Beyond the Dok trend, the Telegraph property hosts two other porphyry targets, a skarn zone, a nickel-cobalt bearing ultramafic intrusion and a potential gold-silver epithermal zone. An important objective in the present work, and for the near-term plans, is gaining a better understanding of the geological setting that produced the mineralization that is evident throughout this 344 square kilometer property.
Red Cliff and American Creek
Red Cliff is a past producing gold and copper mine in which MTB holds a 35% interest. Drilling last year on Red Cliff encountered 26 gram per tonne gold over 2 meters. Further drilling has the potential to extend the gold zone beyond the area drilled to date.
MTB's American Creek property, located 3 kilometres north of the Red Cliff mine, is centred on the historic Mountain Boy silver mine and spans an 8 km trend that is prospective for additional occurrences of high-grade silver mineralization.
The Red Cliff and American Creek Projects are located 8 km northeast of the Ascot Resources' Premier mine. Ascot announced on April 22, 2024, that it had poured its first gold at Premier as part of the mine's commissioning process. Ascot expects to declare commercial production by Q3 of this year, with total output from the restarted Premier project forecast to reach 1.1 million ounces of gold and 3 million ounces of silver. The original mine opened in 1918 and while in operation, it was the largest gold mine in North America until its surface buildings burned down, leading to its closure in 1952. By then, the Premier mine had produced over 2 million ounces of gold and 45 million ounces of silver. The mine was reopened by Westmin Resources in 1989 and operated until 1996. It produced about 260,000 ounces gold and 5.1 million ounces silver during that period.
The restart of production at the Premier Mine, combined with higher gold and silver prices have generated renewed interest in the both the Red Cliff and American Creek projects.
BA
The higher silver price has led to a fresh look at the BA project. Drilling by MTB and a previous joint venture partner outlined a substantial zone of silver-zinc-lead mineralization in a VMS setting. Several other VMS occurrences along a 20 km trend await drill testing, with surface samples showing silver values up to a kg/tonne.
Theia
MTB's Theia project is the vicinity of Dolly Varden's Kitsault Valley Project and Goliath Resources' Golden Triangle Projects.
Dolly Varden, announced on April 23, 2024, exploration plans for their project that included an initial 25,000 metres of diamond drilling. The drill program will be split approximately 50/50 between the Dolly Varden property and the Homestake Ridge property". MTB's Theia project is immediately adjacent to the Homestake Ridge property.
Goliath Resources announced on March 4, 2024, and April 15, 2024, updates for their Golddigger property, including plans for further drilling. Their Surebet discovery is 18 km south of the Theia property, and their new Cambria claims are adjacent to Theia.
The Theia project, although at an earlier stage than the neighbouring projects, is in a similar geological setting and offers considerable exploration potential.
Southmore
MTB's Southmore project is benefiting from the increasing interest in large-scale porphyry copper-gold targets in the Golden Triangle. Exploration by MTB and previous operators has shown evidence of porphyry as well as skarn, VMS and epithermal-style mineralization.
Southmore is located 5 km from the Galore Creek access road and just 8 kms from the proposed Galore Creek process plant site. The Southmore project is permitted and drill ready.
Golden Triangle Update
Newmont announced in a news release dated Februaty 22, 2024, that it's go-forward portfolio is focused on Tier 1 assets including an emerging Tier 1 district in the Golden Triangle in British Columbia.
Financing
As we continue to work toward joint ventures and a longer term financing solution, we are undertaking an equity financing of up to $400,000:
- Flow-through shares at $0.04, with a half warrant at $0.08 for 18 months;
- Hard dollars at $0.04, with a full warrant at $0.08 for 24 months.
The technical disclosure in this release has been read and approved by Andrew Wilkins, B.Sc., P.Geo., a qualified person as defined in National Instrument 43-101.
About MTB
MTB has six active projects spanning 580 square kilometres (58,000 hectares) in the prolific Golden Triangle of northern British Columbia. With the focus on the Telegraph project, discussions are now underway leading to joint ventures and/or spinouts of other projects.
Telegraph is located in the vicinity of 4 world-class porphyry deposits being advanced by major mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). Field work by MTB on its 344 square kilometre property, together with earlier results, provides compelling evidence for the presence of one or more porphyries, similar to others in the area.
The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 km from the deep-water port of Stewart. There are multiple silver, gold and copper occurrences on the property, including a 2006 drill hole that encountered 5 kgs of silver over 5 metres.
Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. Recent drill results include 2 meters of 26 g/t gold.
On the BA property, 182 drill holes have outlined a substantial zone of silver-lead-zinc mineralization located 4 km from the highway. Several targets with high-grade silver potential remain to be tested. Drilling in October on the George Copper zone encountered copper mineralization, with assays pending.
On the Theia project, work by MTB and previous explorers has outlined a silver bearing mineralized trend 500 metres long, highlighted by a 2020 grab sample that returned 39 kg per tonne silver (1,100 ounces per ton). Two other zones on the property produced copper values over 5%.
Southmore is in the midst of some of the largest deposits in the Golden Triangle. It was explored in the 1980s through the early 1990s and was overlooked until MTB consolidated the property and carried out airborne geophysics and field work which confirmed several zones of gold and copper, with values up to 20% copper and 35 g/t gold.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Caroline Klukowski
ir@mtb-metals.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.
This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release 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.
SOURCE: MTB Metals Corp.
Imperial Drilling Intersects 270 Metres Grading 0.65% Copper and 0.48 g/t Gold at Mount Polley
https://ca.finance.yahoo.com/news/imperial-drilling-intersects-270-metres-232300128.html
Imperial Metals Corporation
Mon, April 29, 2024 at 4:23 p.m. PDT·5 min read
III.TO
-0.95%
IPMLF
0.00%
Interra Initiates New Exploration Program at Thane Copper-Gold Project
https://www.newsfilecorp.com/release/207750
May 02, 2024 7:00 AM EDT | Source: Interra Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to provide details of the first phase of the planned 2024 exploration program at the Thane Copper-Gold Project (the "Project" or "Thane") in North Central British Columbia.
THANE PROJECT HIGHLIGHTS
Large 206 square kilometer property located between Centerra Gold Inc.'s Mt. Milligan Mine and the former Kemess Mine and within the prolific Quesnel Terrane, which hosts numerous porphyry Copper-Gold mines including Copper Mountain, Mount Polley, New Afton, and Highland Valley.
$6 Million has been invested from 2010 to present, resulting in an extensive geological, geophysical and geochemical assay database which has recently been re-interpreted and synthesized into a coherent mineral system framework and exploration strategy.
The property is clearly defined by a major regional government Copper-Gold stream sediment anomaly and Interra classifies it as underexplored.
Target generation has identified 6 mineralized centers to date (Cathedral, Gail/Cirque, Aten, CJL, Mat, and Lake targets) within a large coherent Copper-rich porphyry mineral system spanning 20 km (Figure 1).
Visit Interra's current presentation for further detail information about Thane Project: https://interracoppercorp.com/site/assets/presentation
CURRENT WORK - HIGH-RESOULTION MULTISPECTRAL ANALYSIS:
In Q2 Interra purchased high resolution satellite imagery and topographic data and acquired additional multispectral imagery data to support planned target development. ALS GoldSpot have been retained to provide advanced processing and mineral mapping of the altered and mineralized zones using proprietary clustering algorithms to support geological observations. This work is expected to dramatically increase the efficiency and success rate of the 2024 field work.
THANE 2024 FIELD PROGRAM:
The 2024 exploration program is expected to be completed in two phases, an initial field level mineral system review completed by senior porphyry specialists in early July followed by a focussed alteration and mineralization mapping and sampling program in August.
Figure 1 - Six Copper-Gold mineralized centres (Red) across interpreted alteration footprint (Orange)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7923/207750_66281d8b74aebbb8_002full.jpg
The 2024 field program will advance the six main target areas identified to date, visit additional peripheral target zones, determine the distribution of prospective host rocks, identify and define the alteration footprints and paragenesis, characterize the known mineralization in the context of current global alkalic porphyry research and district understanding, and design any additional geophysical and geochemical surveys required in advance of drilling. The expected outcome of the programs is to provide compelling, optimized targets for future discovery drilling at Thane.
Technical information contained within this news release has been reviewed and approved by Phil Smerchanski, M.Econ.Geol., P.Geo., an advisor to the Company and a qualified person as defined by National Instrument 43-101 policy.
About Interra Copper Corp.
Interra Copper Corp. is an exploration and development company focused on creating shareholder value through the advancement of its current interests that include the Thane Copper-Gold Project in north-central British Columbia, and the Rip Copper-Molybdenum Project in north-west British Columbia. Utilizing its heavily experienced leadership team, Interra Copper continues to source and evaluate assets and projects to further generate shareholder value.
The Thane property covers approximately 206 km2 and is located within the prolific Quesnel Copper-Gold porphyry Terrane of north-central British Columbia, midway between the previously operated open pit Kemess Mine and the currently operating Mount Milligan mine. The Thane Project includes several highly prospective mineralized areas identified to date, including the Cathedral, Gail/Cirque, Aten, CJL, Mat and Lake targets that contain high-grade copper-gold mineralization which has only been partially tested by limited exploration. Interra Copper Corp. would like to acknowledge that its Thane Project is located in the traditional territories of Takla Nation and Tsay Keh Dene Nation.
The Rip Project is under option for up to an 80% earn in by Interra Copper, over a multi-year period. The property is 47 km2 in area and located in the prolific Stikine Terrane, in a Late Cretaceous host that contains significant Cu-Mo Porphyry deposits. Historical Induced Polarization (IP) geophysics has outlined a zone of high chargeability, coincident with the strong quartz sericite-pyrite alteration interpreted to suggest the potential of a mineralized porphyry alteration system at depth.
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"
President, CEO & Chairman
For further information contact:
Katherine Pryde
Investor Relations
+1 (778) 949-1829
investors@interracoppercorp.com
Twitter | LinkedIn
Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the closing of the Private Placement, the receipt of all necessary regulatory and other approvals, the use of proceeds from the Private Placement, and the revolving credit facility, including the terms thereof, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks related to the Company receiving all approvals necessary for the completion of the Private Placement and revolving credit facility and the timing thereof. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Interra does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Interra Copper Corp.
Sun Summit's Extensive Data Review Identifies Multiple New High-Grade Gold-Silver Targets at the JD Project
https://www.newsfilecorp.com/release/207709
May 02, 2024 7:00 AM EDT | Source: Sun Summit Minerals Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF)
Teuton Resources -- Joint Venture Partner and Optionee Updates: Harry Property, Del Norte Property and Treaty Creek Project, Golden Triangle, British Columbia
https://thenewswire.com/press-releases/1AlpFq6aZ-teuton-resources-joint-venture-partner-and-optionee-updates-harry-property-del-norte-property-and-treaty-creek-project-golden-triangle-british-columbia.html
May 2, 2024 – TheNewswire - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (Frankfurt:TFE) has served a termination notice on Blackwolf Copper and Gold (‘Blackwolf”) in regard to the option agreement between Blackwolf’s subsidiary (Optimum Ventures) and Teuton on the Harry property located north of Stewart, BC. The notice was served because of a failure to meet certain material obligations of the agreement.
Teuton’s Del Norte property, located east of Stewart, BC, is currently under option to Decade Resources (“Decade”). Decade on April 16, 2024 announced results of a sampling program conducted over steep terrain located at the crest of the ridge separating Del Norte and Nelson Creeks. The area is described as being underlain by an oxidized, porphyritic diorite intrusive, accompanied by an extensive quartz-sericite-pyrite alteration halo. Twenty-nine grab samples taken during the program returned values from trace to 30.9 g/t gold. The results are to be followed up in 2024.
Photo of the sericite alteration zone, below
More details on the program are available in Decade’s news release dated April 16, 2024 on file with Sedar+.
Treaty Creek Property:
Teuton is pleased to announce that project operator and Joint Venture (“JV”) partner Tudor Gold ("Tudor") has filed a technical report (the "Report") concerning an updated Mineral Resource Estimate on the Goldstorm Deposit (the "MRE" or "2024 Treaty Creek MRE") at the JV’s flagship Treaty Creek Project (the "Project") located in the Golden Triangle region of British Columbia. The Report is entitled "NI 43-101 Technical Report, Treaty Creek Project, British Columbia", with an effective date of April 5, 2024 and was prepared for Tudor Gold by Garth Kirkham Geosystems and JDS Energy & Mining Inc. ("JDS"). The Report is available under the Tudor's profile on SEDAR at www.sedar.com or from the Tudor's website at www.tudor-gold.com. Teuton retains a 20% carried interest in the joint venture, as well as a 0.98% NSR in the Goldstorm deposit area.
Tudor put out a news release on April 8, 2024 announcing the filing of the Report, which was based on technical information previously released in a Mineral Resource Estimate dated Feb. 20, 2024. Teuton issued a detailed report at the same time, Feb. 20, 2024, and interested readers can reference it on Sedar+ under Teuton Resources or on the Company website, www.teuton.com.
Qualified Persons
E. Kruchkowski, P. Geo. is the Qualified Person for technical information in regard to work done on the Del Norte Property as presented in Decade’s news release of April 16, 2024. D. Cremonese, P. Eng. is the Qualified Person for Teuton Resources (as President of the Company he is not independent of the Company). Technical information presented in Teuton’s news release of today’s date is consistent with technical information in Decade’s news release dated April 16, 2024.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest British Columbia and was one of the first companies to adopt what has since become known as the “prospect generator” model. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and in shares of the optionee companies over the past 8 years, has provided Teuton with substantial income.
On Behalf of the Board of Directors of Teuton Resources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Pacific Ridge Identifies Six-Kilometre-Long Copper-Gold Porphyry Trend at Chuchi Copper-Gold Project
https://www.newsfilecorp.com/release/207309
April 30, 2024 7:00 AM EDT | Source: Pacific Ridge Exploration Ltd.
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN)
Equity Starts 2024 Drill Program on the Silver Queen Project, BC
https://www.newsfilecorp.com/release/207104
April 29, 2024 9:30 AM EDT | Source: Equity Metals Corporation
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2024) - Equity Metals Corporation (TSXV: EQTY) ("Equity") reports today that crews have mobilized in preparation for the 2024 Exploration Season on its 100% owned Silver Queen Ag-Au project, located in central British Columbia.
Up to 6,500 metres of drilling are planned in this first phase of work, which will focus on the George Lake vein system (Figures 1). The George Lake veins were initially identified in limited historical drilling and were only partially tested by Equity's drilling in 2023. The veins remain open for expansion and will be tested along a potential 600 metre strike-length and up to 400m depth in the upcoming drill program.
The company has also prioritized several new targets to be further developed during 2024 in preparation for drilling, including a newly identified polymetallic soil anomaly located north of the Camp Deposit. Drilling will commence in early May and will continue into late June/early July.
George Lake Target
Seven holes totalling 2,324 metres were completed in the Summer 2023 drill program on the George Lake target. Drilling confirmed both the historical grade and tenor of mineralization adjacent to the Bulkley Cross-cut (historic underground workings) and extended mineralization 400 metres to the southeast and up to 250 metres below surface.
Highlights from the Summer '23 drilling on the George Lake target include:
A 0.3 metre (est. TT) interval averaging 4.1g/t Au, 824g/t Ag, 0.7% Cu, 3.4% Pb and 18.4% Zn (25.4g/t AuEq or 2,076g/t AgEq) within a 1.5 metre (est. TT) interval grading 1.3g/t Au, 226/t Ag, 1.0% Cu, 1.7% Pb and 6.6% Zn (9.2g/t AuEq or 755g/t AgEq) from drillhole SQ23-090; and
A 0.9 metre (est. TT) interval averaging 7.1g/t Au, 56g/t Ag, 0.2% Cu, 1.5% Pb and 6.0% Zn (11.6g/t AuEq or 946g/t AgEq) within a 3.0 metre (est. TT) interval averaging 2.5g/t Au, 31g/t Ag, 0.4% Cu, 0.5% Pb and 2.5% Zn (4.8g/t AuEq or 394g/t AgEq) from drillhole SQ23-093;
Drilling also identified several hanging wall intercepts which require further testing and delineation.
VP Exploration Rob Macdonald commented, "Exploration in 2023 confirmed the George Lake target as an attractive mineralized zone that was not sufficiently delineated previously to be included in resource calculations. Our 2024 drill program will capitalize on this and earlier work, to continue the extension of the vein set to the southeast and to depth with our goal of continuing to expand the Silver Queen resource base.
The George Lake mineralization is one of 20 different historic veins identified on the property and could be particularly significant as historic underground access already exists, potentially providing a source of increased mill feed to an eventual mining scenario. Though currently flooded, those workings could be dewatered for inexpensive access to this expanding vein system."
Figure 1: Plan Map of targets on the Silver Queen vein system, BC
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5566/207104_e7cf256694d26a7f_002full.jpg
About Silver Queen Project
The Silver Queen Project is a premier gold-silver property with over 100 years of historic exploration and development and is located adjacent to power, roads and rail with significant mining infrastructure that was developed under previous operators Bradina JV (Bralorne Mines) and Houston Metals Corp. (a Hunt Brothers company). The property contains an historic decline into the No. 3 Vein, camp infrastructure, and a maintained Tailings Facility.
The Silver Queen Property consists of 46 mineral claims, 17 crown grants, and two surface crown grants totalling 18,870ha with no underlying royalties. Mineralization is hosted by a series of epithermal veins distributed over a 6 sq km area. An updated NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 was detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR and the Company's website.
Of the more than 20 different veins which have been identified on the property, only four have been sufficiently delineated to contribute to the most recent mineral resource estimate on the property. The property remains largely underexplored.
About Equity Metals Corporation
Equity Metals Corporation is a Malaspina-Manex Group Company. The Company owns 100% interest, with no underlying royalty, in the Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system, which has been only partially delineated. The Company also has a controlling JV interest (57.49%) in the Monument Diamond project, NWT, strategically located in the Lac De Gras district within 40 km of both the Ekati and Diavik diamond mines. The Company also has royalty and working interests in other Canadian properties, which are being evaluated further to determine their value to the Company.
Robert Macdonald, MSc. P.Geo, is VP Exploration of Equity Metals Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Silver Queen project and for the preparation of the technical information in this disclosure.
On behalf of the Board of Directors
"Joseph Anthony Kizis, Jr."
Joseph Anthony Kizis, Jr., P.Geo
President, Director, Equity Metals Corporation
For further information, visit the website at https://www.equitymetalscorporation.com; or contact us at 604.641.2759 or by email at corpdev@mnxltd.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. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Equity Metals Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
SOURCE: Equity Metals Corporation
Golden Cariboo Resources: Multiple Broad Intercepts of Replacement Gold Mineralization Intersected in Drill Hole QGQ23-04
https://thenewswire.com/press-releases/1L5PF80Gr-multiple-broad-intercepts-of-replacement-gold-mineralization-intersected-in-drill-hole-qgq23-04.html
April 30, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC” or the “Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP)
Interra Provides Rip Copper Molybdenum Project Exploration Update
https://www.newsfilecorp.com/release/206939
April 26, 2024 7:00 AM EDT | Source: Interra Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2024) - Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to provide detail of the first phase exploration program at the Rip Copper Project (the "Project" or "Rip") in the Stikine region of British Columbia. The Rip Project is situated approximately 33 km northeast of Imperial Metals' past producing Huckleberry copper-molybdenum ("Cu-Mo") mine (see Figure 1), which is presently on care and maintenance. Imperial Metals Corporation is exploring Huckleberry and its surrounding claims for additional Cu-Mo resources.
In late 2023, the Company first announced its option agreement with ArcWest Exploration Inc. ("ArcWest") to acquire an 80% interest in ArcWest's Rip Cu-Mo project. Interra can earn the first tier of its interest in the project by completing staged exploration work totalling C$2.0 million and direct payment of C$100,000 and annual share payments over 4 years until end of 2027. Interra is currently funded for, and anticipates, it will meet and likely exceed its 2024 and 2025 obligations for the earn-in of C$300,000 and C$500,000 in expenditures respectively with the budget outlined in this 2 stage program. The initial program is staged into 2 work phases: 1) A geophysical program to define drill targets, commencing in late April and; 2) A diamond drilling program tentatively scheduled for Q3/Q4 of 2024.
The stage 1 exploration program consists of an airborne magnetic survey flown by Precision Geosurveys followed by a 3D-IP survey to be completed by DIAS Geophysical The 3D-IP survey is designed to further delineate and potentially expand upon a historical chargeability anomaly identified on the project by Kennco in the late 1970s, as shown in Figure 2.
Shallow percussion drilling of this chargeability anomaly by Kennco intersected porphyry copper style alteration and anomalous Cu-Mo mineralization over a broad area. A lone diamond drill hole intersected anomalous Cu (0.07%) and Mo (0.005%) over 74m in strongly quartz-sericite-pyrite ("QSP") altered volcanic rocks cut by late feldspar porphyry and mineralized quartz diorite dykes; the bottom 64m consists of intrusive clast-rich polymictic breccia cut by abundant pyrite, gypsum and quartz veins with local secondary biotite. QSP, intermediate argillic ("IA") and propylitic alteration predominate in the holes, suggesting that the Kennco holes only tested the upper levels of a shallowly eroded porphyry Cu-Mo system.
Figure 1 - Rip Regional Google Earth Map Image of Satellite Photo
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7923/206939_2cc7675014a13a07_002full.jpg
Potential therefore exists at Rip for the discovery an underlying Cu-Mo mineralized potassic core. The upcoming geophysical program has a much greater survey area than that of the historical surveys, and as such, will play a key role in evaluating the depth potential of the Rip porphyry Cu-Mo system. The airborne magnetic survey is estimated to commence in late April, with the 3D-IP survey estimated to commence in May/June. Details of this survey are as shown in Figure 3.
Interra looks forward to the results of our programs in conjunction with our partners, ArcWest, and the recently rejuvenated copper and precious metals markets. Updates are anticipated to be every couple of months throughout the exploration season.
Figure 2 - Rip chargeability high from historical survey and alteration from percussion drill holes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7923/206939_interrafig2.jpg
Figure 3 - Transmitter and receiver stations for the 2024 3D-IP survey (Dias Geophysical). A chargeability anomaly delineated by a historical IP survey is in red.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7923/206939_2cc7675014a13a07_004full.jpg
About Interra Copper Corp.
Interra Copper Corp. is focused on building shareholder value through the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.
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. 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.
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"
President, CEO & Chairman
For further information contact:
Katherine Pryde
Investor Relations
+1 (778) 949-1829
investors@interracoppercorp.com
Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-Looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the closing of the Private Placement, the receipt of all necessary regulatory and other approvals, the use of proceeds from the Private Placement, and the revolving credit facility, including the terms thereof, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks related to the Company receiving all approvals necessary for the completion of the Private Placement and revolving credit facility and the timing thereof. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Interra does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws. The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Interra Copper Corp.
Moon River Capital to Proceed with Previously Announced Proposed Acquisition of 25% Interest in the Endako Molybdenum Mine
https://www.newsfilecorp.com/release/207239
April 29, 2024 12:23 PM EDT | Source: Moon River Capital Ltd.
Toronto, Ontario--(Newsfile Corp. - April 29, 2024) - Moon River Capital Ltd. (TSXV: MOO
Victory Sells Tahlo Lake Property in British Columbia
https://www.accesswire.com/856916/victory-sells-tahlo-lake-property-in-british-columbia
Thursday, 25 April 2024 08:20 PM
VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce its sale of its Tahlo Lake, British Columbia property to a private company, Trimera Metals Corp., of Vancouver, British Columbia.
Highlights of the Tahlo Lake Sale:
Sale price includes cash consideration of $90,000 CAD for 100% interest in the property
Victory will retain a 2% Gross Metal Royalty ("GMR")
The GMR may be reduced at any time from 2.0% to 1.0% by the Royalty Payor, or its permitted assign, paying to Victory $1,000,000.
The Royalty Payor will retain a first right of refusal to purchase any remaining GMR owned by Victory or its successors or assignees.
Mark Ireton, Victory CEO and Director noted: "The recent announcement of our option agreement to acquire 100% interest in the Kachiwiss Uranium Project in Quebec is indicative of renewed strategic focus for the Company. The Kachiwiss Uranium deposit has significant historical reports, defining a zone of interest1 that represents the best application of our resources, with the aim to return benefits to Victory shareholders in the shorter term. Selling Tahlo Lake at this time serves our renewed strategic focus."
1 Kachiwiss Uranium Project Historical Findings:
The claims cover the Kachiwiss Uranium deposit with a reported historical, 1978 non-Ni 43-101, compliant, non-classified resource of 16,598,000 tonnes grading 0.016% U3O8 within a pegmatic dyke oriented NW45o.
The zone, as currently defined, measures 975 metres long by 610 metres to 760 metres wide and is open. Historical metallurgical test work suggested recoveries of up to 92.9% can be achieved2.
The same report mentions the presence of thorium in the region, In addition to the Kachiwiss deposit, the option includes a large package of claims covering lake bottom sediment sample uranium anomalies farther to the north.
In total, 156 mining claims make up the package with Globex retaining a 10-kilometre area of mutual interest surrounding the current claim blocks.
2Quebec Government Sigeom - Lac Kachiwiss File CGM 22J/01.001 - Oct 21/2011.
Scientific and technical information contained in this press release was reviewed and approved by Mr. Réjean Girard, Quebec Geologist, P.Geo (OGQ 521) and a "qualified person" under NI 43-101.
Correcting statement:
On April 18, 2024, VBM announced entering into an option agreement dated April 11, 2024 to acquire 100% interest in four claim groupings in the Sept Iles region of Quebec from GLOBEX MINING ENTERPRISES INC. (GMX - Toronto Stock Exchange, G1MN - Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF - OTCQX International in the US). The press release stated terms of payment to include the issuance of 1.5 million shares to Globex Mining Enterprises Inc. over 3 years. The actual amount of shares to be issued is 1,250,000.
For further information, please contact:
Mark Ireton, President
Telephone: +1 (236) 317 2822 or TOLL FREE 1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Battery Metals Corp.
West High Yield Resources Publishes Public Notice of Application for Record Ridge Magnesium Project and Announces Second Tranche Closing of Private Placement
https://www.newsfilecorp.com/release/206076
April 18, 2024 3:00 PM EDT | Source: West High Yield (W.H.Y.) Resources Ltd.
Calgary, Alberta--(Newsfile Corp. - April 18, 2024) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (the "Company" or "West High Yield") is pleased to announce another milestone in the mining permit application process with the posting of its "PUBLIC NOTICE OF APPLICATION" (the "Public Notice"), as well as the second tranche closing (the "Second Tranche Closing") of its previously announced private placement offering (the "Offering") of units (the "Units").
Publication of Notice of Application
The Public Notice, which is a requirement in the Company's permit process as requested by the British Columbia Ministry of Mines and Low Carbon Innovation, was published on April 18, 2024 in the Rossland News (Follow the link to Rossland News - Notice of Application) and the Trail Times (Follow the link to Trail Times News - Notice of Application). The Public Notice pertains to the submission of the Company's "Joint Mines Act and Environmental Management Act Permit Application" (the "Application") for its Record Ridge Industrial Mineral Mine project (the "Project"). The Application, filed with the Chief Inspector of Mines, aligns with Part 10.2.1 of the Health and Safety Reclamation Code for Mines in British Columbia.
Located approximately 7.5 km west-southwest of Rossland, British Columbia, the proposed Project spans Mineral Claim #514607 (318 ha) and Mineral Claim #513794 (127 ha). Under the review of the Regional Mines Office of the British Columbia Ministry of Energy, Mines and Low Carbon Innovation, the Project invites public comments from stakeholders and interested parties.
The Project aims to extract magnesium-bearing serpentinite rock at a rate not exceeding 200,000 tonnes per year. Operations entail conventional open pit methods, including drilling, mechanical ripping/blasting, loading, crushing, and off-site transportation of crushed rock to Washington State for processing by a third-party facility.
In adherence to British Columbia Environmental Management Act standards, the proposed effluent discharge from the Project will be treated to meet specific parameters before release into the upper reach of Sophia Creek, British Columbia. The effluent discharge, originating from water in contact with the mining operation, will undergo sedimentation pond treatment, with characteristics including pH levels estimated between 6 to 9 and controlled levels of various elements.
Second Tranche Closing
In addition to the foregoing and further to its news releases of February 26, 2024, March 14, 2024 and April 10, 2024, the Second Tranche Closing under the Offering consisted of the issuance of 1,210,000 Units for total proceeds of $302,500.
Each Unit consists of one (1) Common share of the Company (each, a "Common Share") and one (1) Common Share purchase warrant (each, a "Warrant"). Each Warrant, together with CAD$0.35, entitles the holder thereof to acquire one (1) additional Common Share until April 18, 2025. All securities comprising the Units issued on the Second Tranche Closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.
The proceeds from the Second Tranche Closing will be used to support the Company in furthering its permitting process and covering general working capital.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral magnesium, silica, and nickel deposits using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.
Contact Information:
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: West High Yield (W.H.Y.) Resources Ltd.
Artemis Gold Provides Q1 Update on Blackwater Mine Construction Progress
https://www.newswire.ca/news-releases/artemis-gold-provides-q1-update-on-blackwater-mine-construction-progress-875604176.html
Artemis Gold Inc. Apr 24, 2024, 17:00 ET
Project remains fully funded, on schedule, approximately 73% complete, within guidance for initial capital expenditure, and is advancing operational readiness
TSXV: ARTG
VANCOUVER, BC, April 24, 2024 /CNW/ - Artemis Gold Inc. (TSXV: ARTG) ("Artemis Gold" or the "Company") provides an update on Q1 construction progress at the Blackwater Mine in central British Columbia. The project remains fully funded, within the guidance for initial capital expenditure, and on schedule for first gold pour in H2 2024.
Project Plant Site – April 2024 (CNW Group/Artemis Gold Inc.)
CIL Tanks and Processing and Reagents Buildings Installation (CNW Group/Artemis Gold Inc.)
Ball Mill Shell and Heads (CNW Group/Artemis Gold Inc.)
Reclaim Tunnel (CNW Group/Artemis Gold Inc.)
Screening Station (CNW Group/Artemis Gold Inc.)
Conveyors (CNW Group/Artemis Gold Inc.)
Transmission Line Construction (CNW Group/Artemis Gold Inc.)
Medium-Voltage Transformer (CNW Group/Artemis Gold Inc.)
Earthworks at the Tailings Storage Facility (CNW Group/Artemis Gold Inc.)
400-tonne Hydraulic Backhoe Excavator (CNW Group/Artemis Gold Inc.)
Haul Truck Park Up Area (CNW Group/Artemis Gold Inc.)
At March 31, 2024 overall construction was approximately 73% complete, and approximately C$523 million of the guided initial capital expenditure of C$730 to C$750 million had been spent. By the end of Q1 2024, the Company had entered into contractual commitments for C$682 million (or 93% of the lower end of the guided initial capital expenditure). The majority of uncommitted expenditures relate to owners' cost and earthworks associated with mining pre-strip and construction of the tailings storage facility and other civil structures.
Steven Dean, Chairman and CEO of Artemis Gold, stated: "We have an exceptional team managing the development of the Blackwater Mine. Execution is critical in all projects, and managing the day-to-day challenges that arise in building a mine of this scale and complexity is key to being successful. We have an experienced group of people who are first class problem solvers, ensuring we advance toward operational readiness and remain on track for first gold pour in H2 2024.
"The remainder of 2024 will be transformational for Artemis Gold as we progress the Blackwater Mine, a tier one asset in a tier one jurisdiction, into production."
Construction Update
Mild weather conditions in Q1 2024 provided good, early access to infrastructure areas at the Blackwater Mine. Construction of major site water management facilities, including the water management pond, the central diversion system and the Davidson Creek diversion, have been completed. Work on the tailings storage facility dam is progressing well. Initial material placement has been successfully achieved, including tying into the surrounding topography, providing for optimal productivity moving into summer.
Total major works hours worked up to March 31, 2024 surpassed 1.7 million hours with a zero LTIFR1 and an AIFR2 of 87.68.
Process Plant
At the end of March 2024, the Sedgman EPC contract work on the processing plant was approximately 84% complete overall, with engineering, design and procurement essentially complete.
Process plant construction continues to progress well, particularly within steel erection and conveyor installation. Installation of mechanical equipment within the secondary and tertiary crushing circuits, as well as the screening station, was completed during the quarter. Notable achievements throughout the period included the installation of the ball mill, intensive leach reactor and the regeneration kiln, while installation of the gravity concentrator has commenced. All major tanks have been completed, including pre-leach, carbon-in-leach, and elution, and hydrotesting is underway.
Concrete work is nearing completion with most of the major pours now completed including the primary crusher run-of-mine slab, crusher vault and ore stockpile reclaim tunnel. Erection of the reagents and mill buildings are in progress with cladding works planned to commence in April.
Electrical and instrumentation activities are scaling up, with the installation of the main electrical room in the crushing circuit area now complete.
Transmission Line
During Q1 2024 the transmission line right-of-way clearing was completed. Construction contracts were awarded, and contractors mobilized to the region. Laydown areas and camp facilities have been established and civil foundation work and structure erection commenced. All electrical conductors have been delivered to site. Poles and hardware deliveries are in progress and sequenced to support the construction schedule.
The line is being built in two parts, north and south of the Nechako River. The length of the northern section is approximately 50km and the southern section approximately 80km.
Upgrades to the BC Hydro Glenannan substation are progressing to plan. Commissioning planning with BC Hydro is advancing as planned.
Work associated with Blackwater's 25kV power distribution network has progressed according to plan with engineering at an issued-for-construction (IFC) level, procurement complete, and most materials on site. Pole foundations are 65% completed and pole erection has commenced.
Heavy Equipment
Assembly and commissioning of the owner's mining fleet continues to advance. Two 400-tonne hydraulic backhoe excavators, six 240-tonne rigid frame haul trucks and two large mining front-end loaders are fully assembled. The remainder of the fleet to support initial operations is on site and nearing completion. Additional units will be added to the fleet as operations ramp up.
Personnel
The Company maintained its workforce of 320 employees in Q1 2024 and the ratios of the workforce have remained consistent, approximately:
20% of the team are women
30% identify as Indigenous
50% are from the local region, and;
80% are B.C. residents.
The total Blackwater Mine workforce, including staff and contractors, surpassed 600 at the end of March.
Operational Readiness
Recruitment for the Blackwater Mine operations team commenced this quarter with the first hires starting in early Q2 2024.
A laboratory contract has been signed and all mill reagents have been tendered, with plans to finalize the contracts in Q2 2024.
Procurement for commissioning, operations and critical spares was completed, and the operational readiness planning commenced during the quarter.
Funding
During Q1 2024, the Company completed an additional draw of $130 million under the project loan facility, bringing the total drawn to $280 million, along with approximately C$5 million in cumulative capitalized interest at March 31, 2024.
At March 31, 2024, Artemis Gold had estimated remaining Phase 1 capital expenditures of C$207 to C$227 million. At the same date, the committed sources of funding totalled C$295 million, comprising:
cash and cash equivalents of C$155 million;
remaining drawdowns from the project loan facility of C$100 million (including approximately C$20 million of capitalized interest remaining available), and
a cost overrun facility of C$40 million.
In addition, the Company had 23.2 million warrants outstanding which are exercisable at C$1.08 per warrant before August 27, 2024, for anticipated proceeds of C$25 million.
Artemis Gold President and COO Jeremy Langford commented: "Looking ahead to Q2 2024, we expect to complete the construction and commissioning of the initial phase of the mining fleet, advance the tailings storage facility main dam wall, and move to the completion of the construction activity in the processing facility. At the end of Q1 2024, we remain on track for first gold pour in H2 2024."
Video
Watch here for a Q1 project update video: https://youtu.be/JFwpIC9fFZo
Photos- April 2024
About Artemis Gold
Artemis Gold is a well-financed, growth-oriented gold development company with a strong financial capacity aimed at creating shareholder value through the identification, acquisition, and development of gold properties in mining-friendly jurisdictions. The Company's current focus is the construction of the Blackwater Mine in central British Columbia approximately 160km southwest of Prince George and 450km northeast of Vancouver. The project is one of the largest capital investments in central British Columbia in over a decade. The first pour of gold and silver at Blackwater is expected in H2 2024. Artemis Gold trades on the TSX-V under the symbol ARTG. For more information visit www.artemisgoldinc.com.
Qualified Person
Jeremy Langford, FAUSIMM, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
On behalf of the Board of Directors
Steven Dean
Chairman and Chief Executive Officer
+1 604 558 1107
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 Note Regarding Forward-looking Information
This press release contains certain forward-looking statements and forward-looking information as defined under applicable Canadian and U.S. securities laws. Statements contained in this press release that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties. Any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. In certain cases, forward-looking statements and information can be identified using forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential" or similar terminology. Forward-looking statements and information are made as of the date of this press release, and include, but are not limited to, statements regarding the potential of the Blackwater mine project; the jobs to be created in connection with the project; the contribution of the project to the economy; opinions of the Province of British Columbia regarding the project and the region; agreements and relationships with Indigenous partners; the future of mining in British Columbia; the plans of the Company with respect to the project, including construction, site preparation, clearing, consultation with indigenous groups, and other plans and expectations of the Company with respect to the project.
These forward-looking statements represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance, which are based on information currently available to management, management's historical experience, perception of trends and current business conditions, expected future developments and other factors which management considers appropriate. Such forward-looking statements involve numerous risks and uncertainties, and actual results may vary. Important risks and other factors that may cause actual results to vary include, without limitation: risks related to the ability of the Company to accomplish its plans and objectives with respect to the development of the project within the expected timing or at all, the timing and receipt of certain required approvals, changes in commodity prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, risks inherent in exploration and development activities, changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment or third party contractors, delays in the receipt of government approvals, industrial disturbances, job action, and unanticipated events related to heath, safety and environmental matters), changes in governmental regulation of mining operations, political risk, social unrest, changes in general economic conditions or conditions in the financial markets, and other risks related to the ability of the Company to proceed with its plans for the project and other risks set out in the Company's most recent MD&A, which is available on the Company's website at www.artemisgoldinc.com and on SEDAR+ at www.sedarplus.ca
In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained mineral demand and prices; (2) any necessary approvals and consents in connection with the development of the project will be obtained; (3) financing for the development, construction and continued operation of the project will continue to be available on terms suitable to the Company; (4) sustained commodity prices will continue to make the project economically viable; and (5) there will not be any unfavourable changes to the economic, political, permitting and legal climate in which the Company operates. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause the actual results or performance by the Company to differ materially from those expressed in or implied by any forward-looking statements. Accordingly, no assurances 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 impact they will have on the results of operations or the financial condition of the Company. Investors should therefore not place undue reliance on forward-looking statements. The Company is under no obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future events or otherwise, except as may be required under applicable securities laws.
__________________________
1 LTIFR or Lost Time Injury Frequency Rate refers to the number of lost time injuries occurring per million man-hours worked, divided by total man-hours worked.
2 AIFR or All Injury Frequency Rate refers to the total number of recordable incidents occurring per million man-hours worked, divided by total man-hours worked.
SOURCE Artemis Gold Inc.
For further information: Investor Relations contact: Meg Brown, Vice President, Investor Relations, mbrown@artemisgoldinc.com, +1 778 899 0518; Media relations contact: media@artemisgoldinc.com
Core Assets Provides a Summary of the 2023 Exploration Program & Announces Issuance of Stock Options
https://www.accesswire.com/856360/core-assets-provides-a-summary-of-the-2023-exploration-program-announces-issuance-of-stock-options
Thursday, 25 April 2024 09:00 AM
VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF)
Kodiak Reports New Copper Porphyry Discovery at 1516 Zone and Final 2023 Drill Results
https://www.newsfilecorp.com/release/206707
April 25, 2024 6:00 AM EDT | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1)
Torr Metals Confirms Kilometre-Scale Geophysical Anomalies Coincident with Untested Copper Porphyry Targets at Kolos
https://ca.finance.yahoo.com/news/torr-metals-confirms-kilometre-scale-120000471.html
TORR Metals, Inc.
Wed, April 24, 2024 at 5:00 a.m. PDT·5 min read
TMET.V
0.00%
Kolos Copper-Gold Project
Kolos Project area with highly anomalous 2023 soil samples and ZTEM resistivity inversion at 200m vertical depth. Note that gaps in the data were caused by powerline disruption and location of Highway 5.
ZTEM 3D Resistivity Inversion Model
ZTEM 3D Resistivity Inversion Model voxel slice through the Lodi and Kirby Zones, view looking east-northeast.
ZTEM 3D Resistivity Inversion Model
ZTEM 3D Resistivity Inversion Model voxel slice through the Lodi and Clapperton Zones, view looking northwest.
VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- via IBN – Torr Metals Inc. (“Torr” or the "Company") (TSX-V: TMET.V) is very pleased to announce preliminary results that have identified near-surface high priority geophysical resistivity anomalies extending up to >1.5 kilometers (km) depth that are coincident with highly anomalous copper (Cu), gold (Au), and molybdenum (Mo) mineralization at-surface (Figure 1). These compelling exploration drill targets have been identified using a newly completed 3D resistivity inversion voxel model, derived from the ZTEM geophysical survey completed over the entirety of the 100% owned ~140 km2 Kolos Copper-Gold Project in late 2023 (Figure 1).
The geophysical survey data was analyzed in conjunction with recently published soil geochemistry, revealing a multi-centred cluster porphyry trend spanning 7 kilometers (km) (see March 25, 2024 news release). This trend encompasses 5 priority exploration targets for Cu-Au and Cu-Mo that delineate potential porphyry centres, all of which have never been drilled. Each target zone is defined by >200 parts per million (ppm) Cu in soil with concentrations reaching a peaks of 1175 ppm Cu and 725 ppb Au (Figure 1). All of the priority exploration targets are road-accessible from Highway 5, approximately 23 km north-northeast of the city of Merritt, British Columbia.
Highlights:
Kilometre-scale Surface Exploration Targets Now Extended to Depth: The results of the 3D resistivity inversions have confirmed multiple untested sub-surface drilling opportunities with 3 major potential porphyry centres within the Lodi, Kirby, and Clapperton Zones together with 2 additional satellite Cu-Au porphyry epithermal targets within the Ace and Rea Zones.
Multiple Broad Resistivity Anomalies Indicate Impressive Scale: Across the Lodi, Kirby, and Clapperton Zones, extensive low to moderate and high resistivity anomalies span multiple kilometers in the sub-surface, aligning with concentrated higher-grade Cu ± Au ± Mo mineralization at the surface (Figure 1).
Multiple Large-Scale Geophysical Anomalies Coincident with Surface Mineralization:
Analysis has confirmed an extensive anomalous resistivity signature, stretching over 4.8 km in strike-length, connecting the Cu-Au Lodi and Kirby Zones at depth (Figure 2). Copper-gold mineralization in both zones has a strong correlation to anomalous low to moderate resistivity, with anomalous signatures extending up to 1000 meters (m) in depth while measuring ~1850 m and ~2500 m in strike-length within the Lodi and Kirby Zones respectively (Figure 2, Figure 3).
Anomalous copper-molybdenum in soil coincides with an at-surface high resistivity anomaly at the Clapperton Zone, attributed to an exposed quartz-rich domain, typical of the upper levels of a porphyry system, within a multi-phase diorite intrusive host; resulting in an anomalous geophysical signature measuring ~1400 m in width and >1500 m in depth (Figure 3).
Kirby Zone Expansion Potential: The anomalous geophysical signature at the Kirby Zone extends >1900 m south of the 2023 soil grid, suggesting significant expansion potential with further soil sampling.
"The strong correlation between highly anomalous resistivity areas and known surface copper-gold and copper-molybdenum mineralization is incredibly promising," said Malcolm Dorsey, President and CEO. "We are now identifying the robust plumbing behind these prolific mineralizing systems, indicating an immense scale of underlying potential. Torr is now equipped with the precise knowledge on where and how to best target these anomalies in the sub-surface and with multiple untested zones delineated across a 7 km cluster porphyry trend this is a significant opportunity for a potentially major new copper discovery located only 30 km from Canada’s largest open pit copper mine at Highland Valley.”
ZTEM Geophysical Survey
ZTEM geophysics is a sophisticated technique for delineating expansive hydrothermal mineralization and alteration systems typically associated with porphyry deposits, often spanning kilometer-scale dimensions both horizontally and vertically. Moreover, its precision in defining intricate geological structures proves invaluable, aiding in the identification and localization of mineralization; thereby enhancing exploration efficiency and success.
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 the ~140 km2 Kolos Copper-Gold Project, located within the prolific Quesnel Terrane in Central British Columbia. Year-round access is provided by Highway 5, with the project being favourably located 23 km north of the city of Merritt and 286 km by highway from Vancouver, British Columbia. For further details about the Latham Copper-Gold Project, please refer to the Company's website or current geological Technical Report (August 24, 2021) filed on November 25, 2021 under the Company's profile on SEDAR at www.sedar.com.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email: malcolmd@torrmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
Attachments
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ZTEM 3D Resistivity Inversion Model
ZTEM 3D Resistivity Inversion Model
Golden Cariboo to Utilize Historic Data to Create 3D Model
https://thenewswire.com/press-releases/1A0vF6R52-golden-cariboo-to-utilize-historic-data-to-create-3d-model.html
April 24, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE-GCC, OTC-GCCFF, WKN-A0RLEP) announced today that it has acquired Micromine 3D geological modelling software to support exploration activities at its Quesnelle Gold Quartz Mine project (“QGQ” project) near Hixon, BC.
The Company will utilize the Micromine 3D geological modelling software to model the property’s historic drillhole database, which dates back to the 1970s and totals over four kilometers of drilling, the majority of which being in the vicinity of the historic Quesnelle Quartz Mine. The modelling of the drillhole database will enhance the company’s geological understanding of the property, providing new insights into styles of mineralization and their geologic controls. It is expected to unlock further targets to test in the Company’s active drill program.
Company President and CEO, Mr. J. Frank Callaghan commented “Creating a geological model is an important step in defining the prospects of the QGQ project. Incorporating historic data will allow the Company to design an efficient drill program, the objective being to provide a maiden mineral resource on our past producing gold mining property.
Mr. Callaghan commented further, stating "We acquired the QGQ project because of its past production, the presence of a greenstone contact, and its potential to host similar mineralization found at the nearby Bonanza Ledge Mine, which our team initially discovered, developed and put into production at Osisko Development’s Cariboo Gold Project. After Golden Cariboo’s team commenced production at the Bonanza Ledge Mine and further developed the Cariboo Gold Project, it was ultimately acquired by Osisko Royalties for $330 million, and now owned and operated by Osisko Development. We see a similar chance to replicate our success at the QGQ project and firmly believe in the principle that you make a mine, you don’t find one."
Further to Company news released on April 9, 2024, announcing the engagement of marketing service providers, terms of the agreements are as follows:
Global One Media, Suite 1500, 1155 Metcalfe Street, Montreal, QC H3B 2V6
(514) 695-0351, bastien@globalonemedia.com
Cost of services is CDN$5000 per month for a 12-month term, with an option to cancel after 6 months
start date of April 09, 2024
GoldInvest Consulting GmbH, Rothenbaumchaussee 185, 20149 Hamburg, Germany
+49 40 44 195 195, Redaktion@goldinvest.de
Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12-month term
start date of April 09, 2024
Arne Lutsch, Rütliweg 2, 8849 Alpthal, Switzerland
+41 44 832 6150, info@arne-lutsch.com
Cost of services is CDN $3000 per month payable in quarterly instalments in advance for a 12-month term
start date of April 09, 2024
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Dolly Varden Silver Outlines 2024 Resource Expansion and Discovery-Focused Exploration Drill Program
https://www.newsfilecorp.com/release/206500
April 23, 2024 8:00 AM EDT | Source: Dolly Varden Silver Corporation
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce plans for the 2024 exploration drilling program at its 100% owned Kitsault Valley Project. An initial 25,000 meters of diamond drilling is planned, starting with three drills. The focus will be on following up on new discoveries as well as stepping out from wide, higher-grade intercepts from the 2023 drilling, particularly at the Homestake Silver and Wolf deposits. Mobilization will be in the first week of May, allowing for an earlier start on exploration than previous years due to a low snowpacks.
The drill program will be split approximately 50/50 between the Dolly Varden Property and the Homestake Ridge Property, with an overall project split of 1/3 to Homestake Silver deposit area, 1/3 to Wolf deposit area and 1/3 to project wide exploration targets with new discovery potential.
"Our drill results from Homestake Silver were among the highest-grade gold and silver intercepts anywhere in the Golden Triangle in 2023; our priority with this early start is to continue with step-outs as well as infill drilling to confirm continuity of the potentially bulk-mineable mineralization. Further south, silver mineralization at Wolf remains wide open for expansion and this seasons' introduction of directional drilling technology will allow for highly accurate placement of drill intercepts," said Shawn Khunkhun, CEO of Dolly Varden Silver.
Figure 1. Targets for the 2024 Exploration program along Dolly Varden's Kitsault Valley Trend
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_002full.jpg
Wolf Vein
At the Wolf Vein, drilling is planned to delineate the width and extent of the southerly plunge of wider and higher-grade silver mineralization. Step out holes that define the trace of the plunge are spaced so that any new mineralization can be included in a future resource update. The Company will implement directional drilling technology with the objective of more cost effective and accurate exploration at Wolf, particularly for deep holes.
Wolf Vein remains open to depth where results from 2023 drilling indicate an increase in base metal (lead and zinc) content as well as wider epithermal breccia vein silver mineralization, such as previous released step-out drill hole DV23-375, that intersected 296 g/t silver, 1.68% Pb and 3.01%Zn (461 g/t AgEq*) over 26.99 meters, including 1,475g/t Ag, 10.65% Pb and 12% Zn (2,260 g/t AgEq*) over 0.50 meter from an 81-metre step-out (from previous release: November 6, 2023).
Figure 2. Previously released result highlights (2022 and 2023) on Wolf Vein long section looking northwest showing open zones for follow up and trace of wider, higher-grade plunge as black line.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_003full.jpg
*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, $US0.90/lb Pb and $US1.10/lb Zn. Assays are not capped and 100% recovery used for Ag and Au and base metals.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated.
Homestake Silver
The program planned for Homestake Silver will start with follow up drilling on the newly discovered gold zone at the northern extent of deposit, where coarse-grained native gold in late-stage quartz-carbonate veins (Figure 3.) returned grades of 1,335 g/t Au and 781 g/t Ag over 0.68 meters within a wider interval of stockwork grading 79.49 g/t Au and 60 g/t Ag over 12.45 meters in drill hole HR23-389 (from previous release: February 12, 2024). Data from oriented core drilling indicates these quartz-carbonate veins are geologically younger and crosscut the Homestake trend at a low angle.
Figure 3. Visible Gold in quartz carbonate vein from drillhole HR23-389 at 410.00m depth.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_004full.jpg
The second part of Homestake Silver drilling will be resource expansion and upgrade holes that target the low angle, north dipping plunge of wide and high-grade gold and silver mineralization encountered in 2023 (Figure 4.). The mineralized plunge orientation at Homestake Silver was initially recognized in 2023 with results such as previously reported drill hole HR23-416, that intercepted the newly defined mineralized envelope returned a 93.95 meter wide zone grading 1.74 g/t Au and 213 g/t Ag (357 g/t AgEq) which included several distinct breccia vein intervals grading 11.80 g/t Au and 1,824 g/t Ag (2,802 g/t AgEq) over 9.16 meters length, 13.16 g/t Au and 3,085 g/t Ag (4,176 g/t AgEq) over 2.26 meters and 55.40 g/t Au and 4,830 g/t Ag (9,422 g/t AgEq) over 1.02 meters (previous release: January 16, 2024).
Figure 4. Homestake Ridge Long section looking southwest showing previous results of wide, highr grade plunge and new gold zone at Homestake Silver with 2024 target areas.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1728/206500_0f180e52946a1ace_005full.jpg
*AuEq and AgEq are calculated using two precious metal components at $US1650/oz Au, $US20/oz Ag, Assays are not capped and 100% recovery used for Ag and Au.
**Estimated true widths vary depending on intersection angles and range from 50% to 85% of core lengths, further modelling of the new interpretation is needed before true widths can be calculated
Exploration Targets including Moose Vein
The Moose Vein is located 1.5 km up north of the Wolf Vein and is interpreted to be hosted within a similar cross cutting structure as Wolf. In 2023, drill hole DV23-371 from the Moose vein intercepted veining and mineralization similar to that seen at Wolf that graded 712 g/t Ag over 1.00 meter within a 7.55-metre-length interval averaging 269 g/t Ag (from previous release: November 6, 2024). This mineralization will be followed up by targeting down the same plunge trend as defined at Wolf.
Other Exploration targets on both the Homestake Ridge and Dolly Varden properties include targets within the 5.4 km long area between the southern end of Homestake Silver and Wolf Vein, under the mid-valley sedimentary cap rocks. Additionally, geophysical targets west of the Homestake Main deposit will be tested, within a parallel basin bounding structures similar to those hosting the Homestake Main and Homestake Silver deposits.
Other studies on road access, advanced metallurgy, wildlife, and baseline environmental monitoring as well as field mapping in underexplored areas of the property will be completed.
Quality Assurance and Quality Control
The Company adheres to CIM Best Practices Guidelines for exploration related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by the Qualified Person.
Dolly Varden QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and field duplicates within the sample stream. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags and shipped to the laboratory and the other half retained on site. Third party laboratory checks on 5% of the samples are carried out as well. Chain of custody is maintained from the drill to the submittal into the laboratory preparation facility.
Analytical testing was performed by ALS Canada Ltd. in North Vancouver, British Columbia. The entire sample is crushed to 70% minus 2mm (10 mesh), of which a 500 gram split is pulverized to minus 200 mesh. Multi-element analyses were determined by Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for 48 elements following a 4-acid digestion process. High grade silver testing was determined by Fire Assay with either an atomic absorption, or a gravimetric finish, depending on grade range. Au is also determined by fire assay on a 30g split with either atomic absorption, or gravimetric finish, depending on grade range. Metallic screen on a 1.0kg sample may be completed on high-grade gold samples.
Qualified Person
Rob van Egmond, P.Geo., Vice-President Exploration for Dolly Varden Silver, the "Qualified Person" as defined by NI43-101 has reviewed, validated and approved the scientific and technical information contained in this news release and supervises the ongoing exploration program at the Dolly Varden Project.
About Dolly Varden Silver Corporation
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Project and the Homestake Ridge Project) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 163 sq. km. project hosts the high-grade silver and gold resources of Dolly Varden and Homestake Ridge along with the past producing Dolly Varden and Torbrit silver mines. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits, such as Eskay Creek and Brucejack. The Kitsault Valley Project also contains the Big Bulk property which is prospective for porphyry and skarn style copper and gold mineralization, similar to other such deposits in the region (Red Mountain, KSM, Red Chris).
Forward Looking Statements
This release may contain forward-looking statements or forward-looking information under applicable Canadian securities legislation that may not be based on historical fact, including, without limitation, statements containing the words "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential", and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information in this release relates to, among other things, the 2022 drill program at the Kitsault Valley Project, the results of previous field work and programs and the continued operations of the current exploration program, interpretation of the nature of the mineralization at the project and that that the mineralization on the project is similar to Eskay and Brucejack, results of the mineral resource estimate on the project, the potential to grow the project, the potential to expand the mineralization and our beliefs about the unexplored portion of the property.
These forward-looking statements are based on management's current expectations and beliefs and assume, among other things, the ability of the Company to successfully pursue its current development plans, that future sources of funding will be available to the company, that relevant commodity prices will remain at levels that are economically viable for the Company and that the Company will receive relevant permits in a timely manner in order to enable its operations, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.
For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion & analysis ("MD&A") and management information circular dated January 21, 2022 (the "Circular"), both of which are available on SEDAR at www.sedar.com. The risk factors identified in the MD&A and the Circular are not intended to represent a complete list of factors that could affect the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.dollyvardensilver.com;
SOURCE: Dolly Varden Silver Corporation
Nickelex Signs Agreement to Acquire 100% of the Arlington Gold Property, British Columbia
https://www.newsfilecorp.com/release/206472
April 23, 2024 9:30 AM EDT | Source: Nickelex Resource Corporation
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Nickelex Resource Corporation (TSXV: NICK) ("Nickelex" or the "Company") has signed a letter agreement with Origen Resources Inc. ("Origen") on April 19, 2024 (the "Arlington Agreement"), to earn a 100% interest in nine claims, totaling 3,583.89 ha, located within the Boundary District of south-central British Columbia (the "Arlington Property").
The Arlington Agreement, which is subject to TSX Venture Exchange ("Exchange") acceptance ("Regulatory Approval"), provides that Nickelex may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval:
making cash payments totaling $130,000 ($30,000 of which is reimbursement of costs associated with the Bond posted in regards to the current drill permit to be assigned to Nickelex);
incurring exploration expenditures of $250,000 on the Arlington Property; and
issuing shares to Origen valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares to Origen valued at $200,000, or 2 million shares, whichever is greater in aggregate value, by the first anniversary of Regulatory Approval.
Origen will retain a royalty of 2% of net smelter returns, provided that the Company may purchase 1% of such royalty at any time for the price of $1,000,000.
About the Arlington Property, Greenwood MD, B.C.
The Arlington Property is located in the West Kettle River Valley, south-central British Columbia, 17 km north of Beaverdell and 65 km south of Kelowna B.C. (see Location Map). The property consists of nine claims covering 3,583.89 hectares located in the Greenwood Mining Division. Historic work in the area was driven by the early success and discoveries made in the Beaverdell and Carmi Mining Camps during the late 1890s. Previous exploration on the Arlington property was conducted from the early 1970's to 1996 and from 2015 to 2021. In 2020/21, the Fresh Pots and Blockchain mineral claims were staked by Origen to encompass ground geologically similar to the adjoining Arlington claims. Origen conducted ground surveys on the Fresh Pots claims, consisting of soil and rock-chip sampling, ground magnetic surveys and geological mapping. It completed ~2,000 soil sampling surveys in 2021/22 which revealed a strong gold anomaly approximately 2,000 meters in a N-S direction and 1,000 meters in an E-W direction. The values ranged from 15 - 2300 ppb Au, with associated anomalous values of Cu, Co, Ag, and As. The Freshpots claims area has never been drilled before Origen conducted a back-pack drill hole (20 - 30 meters deep) in 2022. Assays from the core graded 2.18 ppm Au, 11.34 ppm Ag and 0.35% Cu over 0.70 m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5345/206472_dde14c49a49ee8f7_002full.jpg
Nickelex is planning an initial exploration program consisting of detailed soil sampling, geological mapping, prospecting and trenching, followed by a 6-7 hole, 1,000m drill program during 2024. The objective of the program will be to determine the nature of mineralization and possible presence of gold skarn mineralization, similar to mineralization at the Buckhorn Mine located 8km south of the Canada/USA border.
In corporate news, the Company has terminated the private placement that was announced on October 24, 2023.
About Nickelex
Nickelex is a Malaspina-Manex Group Company. The Group provides expertise in exploration, administration, and corporate development services for Nickelex's operations:
Swift Katie gold/copper property is well located near Salmo, British Columbia in an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. Exploration to date has identified three separate Cu-Au deposits over an 1800 metre cumulative strike-length, and two prominent gold targets within a 2500-metre-long alteration zone which transects the southern part of the property. It is 100% owned. The Company has now received a permit allowing exploration by diamond drilling of up to 17 exploration sites in 2024.
Strong Project - Thompson, Manitoba nickel properties: The company holds an option to acquire interests in the Strong Project in the North Thompson Nickel Belt. The Agreement is subject to completion of certain conditions including receipt of Exchange approval. The Company has agreed with the optionor to hold completion of the agreement conditions in abeyance pending satisfaction of certain conditions precedent.
Pilar Gold Inc. and Laiva Gold Inc.: operations in Brazil and Finland. Nickelex participated in the funding, acquisition and development of several gold properties and mines in Brazil, ultimately selling its interests in such Brazilian properties to Pilar Gold in exchange for 4 million shares of Pilar Gold with an ascribed book value of C$2,400,000. Upon the formation of Laiva Gold Inc. by Pilar Gold to acquire a mine and mill in Finland, Nickelex received 500,000 shares of Laiva Gold at a current valuation of C$400,000. Pilar Gold operates the Pilar gold mine in Brazil and plans to restart the high-grade Sertão mine in 2024. Laiva Gold owns the Laiva gold mine and mill in Finland and plans to restart operations this year. Both Pilar Gold and Laiva Gold intend to list its shares on a Canadian Stock Exchange in 2024.
John R. Kerr. P. Eng., is the President of Nickelex Resource Corporation and a Qualified Person as defined by National Instrument 43-101. He has read and approves the technical content of this release.
On behalf of the Board of Directors,
"John Kerr"
John Kerr, President, Nickelex Resource Corporation
For further information, please visit Nickelex's website at www.nickelexresource.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.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.
This news release may contain forward-looking statements including but not limited to comments regarding the completion of the property transaction, the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements in this news release include statements regarding the exercise of the option to acquire a 100% interest in the Arlington Property, Exchange acceptance of the Arlington Agreement, future exploration plans and expenditures on the Arlington Project, and Exchange acceptance of the Strong project acquisition. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Nickelex Resource Corporation's projects, and the availability of financing for Nickelex Resource Corporation's projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Nickelex Resource Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
SOURCE: Nickelex Resource Corporation
Golden Sky Announces Commencement of a Geophysical IP Survey at the Rayfield Copper-Gold Property, South-Central British Columbia
https://ca.finance.yahoo.com/news/golden-sky-announces-commencement-geophysical-024100266.html
Golden Sky Minerals Corp.
Mon, April 22, 2024 at 7:41 p.m. PDT·7 min read
LCKYF
0.00%
VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Golden Sky Minerals Corp. (AUEN.V) (“Golden Sky” or “The Company”) is pleased to announce that it has commenced a 15-line kilometre geophysical induced-polarization (IP) survey at the Rayfield Target zone on its 100%-owned Rayfield Copper-Gold Property in south-central British Columbia, Canada (Figures 1 & 2). The geophysical program is designed to test the core of the 3.0 km x 1.5 km soil geochemical anomaly to a depth of up to 700 m (Figure 3). Phase 2 will consist of up to 3,000 metres of diamond drilling to test the geochemical anomalies and geophysical anomalies identified from the IP survey.
The 35,000-hectare Rayfield property is located in the Quesnel Trough, British Columbia’s primary copper-producing belt, which hosts Teck Resources’ Highland Valley Mine, Imperial Metals’ Mount Polley Mine, Centerra Gold’s Mount Milligan Mine, and Kodiak Copper’s MPD Project (see Figure 1). The road-accessible Rayfield copper-gold property is located approximately 20 kilometers east of the town of 70 Mile House, British Columbia, and is accessible year-round by well-maintained service and logging roads extending from BC Highway 97.
John Newell, President and CEO of Golden Sky Minerals, states: “The management, directors, and geological team at Golden Sky Minerals are pleased to announce the commencement of an IP Survey at our Rayfield property. Upon completion, we will share the valuable insights gained from this survey with the market. These insights will also be integrated into our exploration database, which already includes meticulously compiled exploration data from the past 30 months. This information will be instrumental in planning our upcoming drill program scheduled for later this year.
With current record-high gold prices and a recent strong rebound in copper prices from their recent lows suggest to us that the progress and advancements made at the Rayfield Copper-Gold Project over the past two years have been and should continue to be well-timed. Our staking activities and other developments on this highly prospective district-scale property have potentially positioned us strategically to participate in stronger metals markets.
Golden Sky Minerals looks forward to conducting a comprehensive range of exploration activities in the 2024 field season, including our inaugural diamond drilling program, to further advance this promising property.
Rayfield Property Highlights
The Rayfield Property contains the late Triassic alkalic Rayfield River Pluton, speculated to be part of the highly prospective Upper Triassic Copper Mountain Magmatic Belt, which includes the Copper Mountain, New Afton and Mount Polley copper deposits (Figure 1).
In 2006, the Geological Survey of Canada conducted a geophysical program, which included magnetic and radiometric surveys, over the Rayfield Property. The resulting elevated magnetic and potassic anomalies are largely underexplored and show similar characteristics to those signifying other alkalic copper-gold porphyries in the Quesnel Terrane. Fieldwork by Golden Sky has confirmed a close correlation between the volume of sheeted and stockwork quartz veining and magnetic low features. These magnetic lows are also coincident with elevated values of the pathfinder elements manganese (Mn), zinc (Zn), vanadium (V,) and barium (Ba), which are commonly associated with sericitic/propylitic alteration typically bounding the core of a porphyry system.
Recent fieldwork by Golden Sky has outlined a 3.0 km x 1.5 km copper-in-soil geochemical anomaly that remains open to the northwest and to the southeast (Figure 3). Within this anomaly are several soil samples that assayed up to ~4,000 ppm Cu, and rock samples that assayed up to 6,319 ppm (0.63%) Cu and 245.5 ppb Au (Sample 118884; see Oct 31, 2023 news release).
Historic exploration on the Property has been largely constrained to a ~505-hectare zone hosting an extensive copper-gold porphyry system outlined by soil sampling, historic drilling, and shallow-penetration radiometric and IP geophysical surveying. Mineralization in several historic drillholes extends from surface to end of hole, at approximately 150-300 m of depth, which suggests that the mineralized porphyry system remains open at depth. Previous exploration programs were unable to definitively identify the exact orientation of the porphyry system, but mapping by Golden Sky has confirmed at least two main orientations of mineralized quartz veins in the area. These are a northwest striking, steeply northeast dipping set, and an east-west striking, moderately north-dipping set.
In 1989, a 34 line-kilometer IP survey on the Rayfield Target zone outlined several chargeability “high” zones, which were subsequently tested by drilling programs in 1989, 1990, and 2008. Importantly, due to the shallow response of the survey (limited to ~125 m depth), these anomalies are interpreted to remain open at depth. Golden Sky believes that, with modern exploration methods, there is significant potential to discover additional mineralized zones at depth (Figure 4).
Exploration drilling on the property from the 1970s to the early 2000s totalled just 60 holes (7,774.2 meters), with the majority being shallow percussion holes typically <60 m in depth. Historic drilling outlined a broad footprint (450 m x 2,100 m) of low-grade copper mineralization and hydrothermal alteration indicating potential for a robust copper-gold porphyry system.
1970 Exploration Program: 31 percussion holes totalling 1,748 m
Drillhole highlights include: 0.42% Cu over 6.1m
1989 Exploration Program: 8 diamond drillholes totalling 1,141 m
Drillhole highlights include: 0.18% Cu and 71 ppb Au over 33.9 m; 0.14% Cu and 30 ppb Au over 66.7 m
1990 Exploration Program: 14 diamond drillholes totalling 3,337 m
Drillhole highlights include: 0.13% Cu and 35 ppb Au over 152 m (EOH)
2008 Exploration Program: 7 diamond drillholes totalling 1,548.2 m
Drillhole highlights include: 0.13% Cu and <10 ppb Au over 67 m
Many shallow historical drill intercepts on the Rayfield Property have similar grades to historic holes reported during early exploration phases on some neighboring alkalic copper-gold porphyries within the Quesnel Terrane. Further drilling is warranted to explore zones of mineralization along strike and to depth.
Picture1
Figure 1: The ~35,000-hectare Rayfield Cu-Au Property is located within the Quesnel Trough, British Columbia’s primary copper-producing belt.
Picture2
Figure 2: The Rayfield target zone is defined by a large 3.0 km x 1.5 km multi-element soil geochemical anomaly. The Rayfield target zone is highly prospective, with anomalous copper-in-soil values grading up to ~0.40%, and rock samples grading up to 0.63% Cu and 245 ppb Au. Numerous other target zones also exist across the extensive 35,000-hectare Rayfield Property.
Picture3
Figure 3: Copper-in-soil assays (2021-2022) overlying TMI Aeromagnetic survey. Elevated values in copper also coincide with pathfinder geochemical elements commonly associated with deeper sericitic and/or propylitic alteration, typically bounding the higher-grade core of porphyry systems. See Figure 4 for cross section A-A’.
Picture4
Figure 4: Cross-section A-A’ outlined in Figure 3. Historical diamond drill results with interpreted potassic zone of the porphyry system flanked by lower-grade copper within propylitic/phyllic zones. Historical induced polarization surveys extend only to ~125m of depth and many of the historical drill holes ended in mineralization. Mineralization is interpreted to remain open along strike and at depth.
About Golden Sky Minerals Corp.
Golden Sky Minerals Corp. is a well-funded junior grassroots explorer engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky’s mandate is to develop its portfolio of Properties to the mineral resource stage through systematic exploration.
The drill-ready properties include Hotspot and Lucky Strike, both in Yukon, Canada. In addition, the drill-ready Rayfield Copper-Gold Property in southern British Columbia, and the staking of the Auden Property in Ontario, add to the company’s substantial early-stage Canadian property pipeline.
The company was incorporated in 2018 and is headquartered in Vancouver, British Columbia, Canada.
More information can be found at the Company’s website at www.goldenskyminerals.com
ON BEHALF OF THE BOARD
John Newell, 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 Golden Sky’s British Columbia exploration projects, and has reviewed and approved the technical information in this release.
For new information from the Company's programs, please visit Golden Sky's website at www.GoldenSkyMinerals.com or contact John Newell by telephone (604) 568-8807 or by email at info@goldenskyminerals.com or john.newell@goldenskyminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking 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. 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 Golden Sky has attempted to identify important factors and risks that could affect Golden Sky and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with Golden Sky’s expectations; accidents, equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on its projects; that Golden Sky may not be able to confirm historical exploration results and other risks set forth in Golden Sky's public filings at www.sedar.com. In making the forward-looking statements in this news release, Golden Sky 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, Golden Sky 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.
Nickelex Signs Agreement to Acquire 100% of the Arlington Gold Property, British Columbia
https://www.newsfilecorp.com/release/206472
April 23, 2024 9:30 AM EDT | Source: Nickelex Resource Corporation
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Nickelex Resource Corporation (TSXV: NICK) ("Nickelex" or the "Company") has signed a letter agreement with Origen Resources Inc. ("Origen") on April 19, 2024 (the "Arlington Agreement"), to earn a 100% interest in nine claims, totaling 3,583.89 ha, located within the Boundary District of south-central British Columbia (the "Arlington Property").
The Arlington Agreement, which is subject to TSX Venture Exchange ("Exchange") acceptance ("Regulatory Approval"), provides that Nickelex may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval:
making cash payments totaling $130,000 ($30,000 of which is reimbursement of costs associated with the Bond posted in regards to the current drill permit to be assigned to Nickelex);
incurring exploration expenditures of $250,000 on the Arlington Property; and
issuing shares to Origen valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares to Origen valued at $200,000, or 2 million shares, whichever is greater in aggregate value, by the first anniversary of Regulatory Approval.
Origen will retain a royalty of 2% of net smelter returns, provided that the Company may purchase 1% of such royalty at any time for the price of $1,000,000.
About the Arlington Property, Greenwood MD, B.C.
The Arlington Property is located in the West Kettle River Valley, south-central British Columbia, 17 km north of Beaverdell and 65 km south of Kelowna B.C. (see Location Map). The property consists of nine claims covering 3,583.89 hectares located in the Greenwood Mining Division. Historic work in the area was driven by the early success and discoveries made in the Beaverdell and Carmi Mining Camps during the late 1890s. Previous exploration on the Arlington property was conducted from the early 1970's to 1996 and from 2015 to 2021. In 2020/21, the Fresh Pots and Blockchain mineral claims were staked by Origen to encompass ground geologically similar to the adjoining Arlington claims. Origen conducted ground surveys on the Fresh Pots claims, consisting of soil and rock-chip sampling, ground magnetic surveys and geological mapping. It completed ~2,000 soil sampling surveys in 2021/22 which revealed a strong gold anomaly approximately 2,000 meters in a N-S direction and 1,000 meters in an E-W direction. The values ranged from 15 - 2300 ppb Au, with associated anomalous values of Cu, Co, Ag, and As. The Freshpots claims area has never been drilled before Origen conducted a back-pack drill hole (20 - 30 meters deep) in 2022. Assays from the core graded 2.18 ppm Au, 11.34 ppm Ag and 0.35% Cu over 0.70 m.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5345/206472_dde14c49a49ee8f7_002full.jpg
Nickelex is planning an initial exploration program consisting of detailed soil sampling, geological mapping, prospecting and trenching, followed by a 6-7 hole, 1,000m drill program during 2024. The objective of the program will be to determine the nature of mineralization and possible presence of gold skarn mineralization, similar to mineralization at the Buckhorn Mine located 8km south of the Canada/USA border.
In corporate news, the Company has terminated the private placement that was announced on October 24, 2023.
About Nickelex
Nickelex is a Malaspina-Manex Group Company. The Group provides expertise in exploration, administration, and corporate development services for Nickelex's operations:
Swift Katie gold/copper property is well located near Salmo, British Columbia in an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. Exploration to date has identified three separate Cu-Au deposits over an 1800 metre cumulative strike-length, and two prominent gold targets within a 2500-metre-long alteration zone which transects the southern part of the property. It is 100% owned. The Company has now received a permit allowing exploration by diamond drilling of up to 17 exploration sites in 2024.
Strong Project - Thompson, Manitoba nickel properties: The company holds an option to acquire interests in the Strong Project in the North Thompson Nickel Belt. The Agreement is subject to completion of certain conditions including receipt of Exchange approval. The Company has agreed with the optionor to hold completion of the agreement conditions in abeyance pending satisfaction of certain conditions precedent.
Pilar Gold Inc. and Laiva Gold Inc.: operations in Brazil and Finland. Nickelex participated in the funding, acquisition and development of several gold properties and mines in Brazil, ultimately selling its interests in such Brazilian properties to Pilar Gold in exchange for 4 million shares of Pilar Gold with an ascribed book value of C$2,400,000. Upon the formation of Laiva Gold Inc. by Pilar Gold to acquire a mine and mill in Finland, Nickelex received 500,000 shares of Laiva Gold at a current valuation of C$400,000. Pilar Gold operates the Pilar gold mine in Brazil and plans to restart the high-grade Sertão mine in 2024. Laiva Gold owns the Laiva gold mine and mill in Finland and plans to restart operations this year. Both Pilar Gold and Laiva Gold intend to list its shares on a Canadian Stock Exchange in 2024.
John R. Kerr. P. Eng., is the President of Nickelex Resource Corporation and a Qualified Person as defined by National Instrument 43-101. He has read and approves the technical content of this release.
On behalf of the Board of Directors,
"John Kerr"
John Kerr, President, Nickelex Resource Corporation
For further information, please visit Nickelex's website at www.nickelexresource.com or contact us at 604.641.2759 or by email at corpdev@mnxltd.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.
This news release may contain forward-looking statements including but not limited to comments regarding the completion of the property transaction, the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements in this news release include statements regarding the exercise of the option to acquire a 100% interest in the Arlington Property, Exchange acceptance of the Arlington Agreement, future exploration plans and expenditures on the Arlington Project, and Exchange acceptance of the Strong project acquisition. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for Nickelex Resource Corporation's projects, and the availability of financing for Nickelex Resource Corporation's projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Nickelex Resource Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
SOURCE: Nickelex Resource Corporation
Trailbreaker Commences Drilling at the Liberty Copper Property, BC.
https://ca.finance.yahoo.com/news/trailbreaker-commences-drilling-liberty-copper-114500990.html
Trailbreaker Resources Ltd.
Tue, April 23, 2024 at 4:45 a.m. PDT·3 min read
APRAF
+4.79%
VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has commenced its 2024 drill program focussing on the copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC). The program comprises up to 2,000 m of diamond drilling, testing a Cu-Mo ± gold (Au) ± silver (Ag) geochemical soil anomaly1 coincident with an induced polarization (IP) chargeability and resistivity anomaly.
A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface to end of hole. This hole was located 300 m directly south of the geophysical and geochemical targets now being tested. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and is being utilized in the drill targeting process.
Message from the President
“We are excited to start the season with the first drill program at Liberty since the 1960s. Historic drill results from the only drillhole to test the porphyry target provide a great anchor to our exploration thesis and prove we are in a mineralized system. The new geophysical and geochemical interpretations of the Cu-Mo system have helped create strong drill targets and we look forward to updating our shareholders as soon as we interpret the results.” -Daithi Mac Gearailt
Liberty Property Description
The 5,054-hectare 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 ± Au ± Ag Mobile Metal Ion (MMI) soil anomaly1. This overlaps an 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 our 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 >8.0% 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.
Drill being aligned at hole 1 on the Liberty copper property.
Photo 1: Drill being aligned at hole 1 on the Liberty copper property.
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.
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.
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/
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa9dcbb6-8253-4ab6-91dd-d233e2bab623
Pegmatite One Options Dort Gold Property in Central British Columbia
https://www.newsfilecorp.com/release/206178
April 19, 2024 10:01 AM EDT | Source: Pegmatite One Lithium and Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2024) - Pegmatite One Lithium and Gold Corp. (CSE: PGA) ("Pegmatite One" or the "Company") is pleased to announce it has entered into an arm's length option agreement ("Option Agreement") with prospector Bernie Kreft ("Kreft") under which the Company can earn a 100% interest in the Dort project (the "Project") located in the Omineca Mining Division, central British Columbia and about 10 kilometers southwest of the Kemess Mine Road.
Dort Highlights
The Dort property is strategically located close to infrastructure in an area of historic producers, well documented gold and base metal occurrences and several recent discoveries.
The Dort Project totals 857.2 hectares and is located approximately 5km west of Pacific Ridge Exploration Ltd.'s Kliyul Main Zone in the prolific Quesnel Terrane in north central British Columbia, Canada.
Pacific Ridge has completed more than 17,500m of diamond drilling on the copper-gold-silver KMZ and it has been the focus of the company's exploration since 2020.
Dort is an orogenic gold target that shares geological similarities with the Spanish Mountain Gold Deposit where proven and probable gold, and with Kestrel Gold's QCM project where recent RC drill results include 2.3 g/t Au over 44.19 metres.
Geology consists of Takla Group volcanics, volcaniclastics and sediments that are carbonate and sericite altered, sheared and cut by quartz veins and quartz vein stockworks.
Mineralization consists of gold, occasionally in its native form, silver and minor sulphides including pyrite, in quartz veins and stockworks, with sulphides also found within shear zones or altered wallrock adjacent to quartz veining.
The Dort property is 52 kilometers southeast of the past producing Kemess South Mine and the recent NorthWest Copper Corp East Niv Discovery (2022).
Figure 1: Area overview of Dort Property
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_001full.jpg
"We are delighted to announce the option of the Dort Property, which represents a promising addition to our portfolio," said Kelly Abbott, CEO of Pegmatite One. "We consider the project to be a significantly under-explored high potential prospect located in an area of advanced mineral exploration and development activity. The company looks forward to completing an in-depth review of existing local and regional data including the application of new technology and understanding of gold-copper deposits to implement exploration of the Dort property."
Although gold has been known to occur in the area since the 1940's, exploration of the property has been limited. Despite the historic preliminary nature exploration, of activity, six gold occurrences have been documented on the site. From north to south, they are:
Hemlo Zone - The site of the only diamond drilling completed to date on the property reported an intersection 0.98 g/t Au over 1.54 m.
GV Zone - Reported up to 215 g/t gold in rock sample.
Creek Zone - Reported up to 32.5 g/t Au in rock sample.
Mariposite Creek - Reported up to 15.5 g/t Au over 125 m wide zone.
TF Zone - Reported up to 9.7 g/t Au over 600 m wide zone.
Red Bluffs - Reported up to 495 ppb Au in soil samples over 400 m wide zone.
Figure 2: Dort Property Historical Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9391/206178_3825efd294dbbb58_002full.jpg
Figure 3: Dort Property Tenures
To view an enhanced version of this graphic, please visit:
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Agreement Terms
Pegmatite One's right to exercise the option and earn a 100% interest in the Project is subject to the terms of the Option Agreement. As consideration for Kreft to enter the Option Agreement, Pegmatite One shall issue common shares (the "Shares") to Kreft as follows: (i) $5,000 in Shares on or before the 10th day following the signing of the Option Agreement, (ii) $45,000 in Shares on or before April 18, 2025; and (iii) $25,000 worth of Shares prior to the commencement of any form of a drill program on the Property.
The Shares will be issued at the price that is the volume-weighted average trading price of the Shares on the Canadian Securities Exchange (the "Exchange") for the 30 trading days ending five trading days prior to the issuance of such Shares ("VWAP"), subject to a floor price equal to the minimum price per security allowed by the Exchange. Any such Shares issued will be subject to a statutory hold period of four months and one day and issued issuance. Further, Pegmatite One shall have the right, in its sole discretion, to complete any Share issuances by paying cash in lieu of issuing Shares.
Upon commencement of commercial production, Pegmatite One shall pay to Kreft the 2.5% royalty. Pegmatite One shall be entitled at any time, up to the commencement of commercial production, to purchase 2/5 of the royalty (i.e. a royalty equal to 1.0% of Net Smelter Returns) from Kreft for $1,000,000.
About Pegmatite One
Pegmatite One Lithium and Gold Corp. is a publicly traded company focused on the exploration of lithium and gold resources. Committed to responsible mining practices, the company operates two mineral exploration properties in British Columbia.
Their Georgina property, situated in the Nanaimo mining division on Vancouver Island, British Columbia, covers an area of 2,069 hectares and represents a gold prospect. Meanwhile, their latest acquisition, the Dort Project, located in Northern British Columbia, spans approximately 857 hectares and presents significant potential for gold exploration.
Pegmatite One's strategic approach involves leveraging historical data and deploying advanced technologies to maximize the value of their exploration efforts. With a dedication to sustainable resource development, Pegmatite One is poised to drive growth and success in the lithium and gold mining sector.
Qualified Person Statement
Brian Atkinson, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
Forward-Looking Statements
Forward-Looking Information and Cautionary Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: Dort Property; the Project; the stated benefits, terms, and timelines associated with the Option Agreement, including, the conducting of an in-depth in-depth review of existing local and regional data, the Property the Company's stated positive assessments of the Property; the Company's ability to fulfill its obligations under the Option Agreement, including obtaining all necessary Exchange, regulatory and third party approval, the Company to issue the Shares or pay cash in lieu of; the Company's proposed exercising of the option, exploration, drilling, and production on the Property and its other properties; the Company's focus on the exploration on lithium and gold resources; the Company's commitment to responsible mining practices; and the Company operations of its two mineral exploration properties in British Columbia.
Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company's ability to manage and meet the timing and costs of future activities on the Company's Properties; the Company's ability to maintain its mineral tenures and concessions in good standing; the Company's ability to manage the economic conditions or financial markets; the Company's ability to manage the inherent hazards associates with mineral exploration and mining operations; future prices of metals; changes in general economic conditions; the potential for new discoveries; the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its Properties, and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel and general competition in the mining industry; the Company's ability to realize the stated benefits of Dort Property and the Project; the Company's ability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's ability to fulfill its obligations under the Option Agreement; the Company's ability to carry out the proposed exercising of the option; the Company's ability to continue its focus on the exploration on lithium and gold resources; the Company's ability to fulfill its commitment to responsible mining practices; and the Company ability to continue its operations of its two mineral exploration properties in British Columbia.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company's inability to manage and meet the timing and costs of future activities on the Company's properties; the Company's inability to maintain its mineral tenures and concessions in good standing; the Company's inability to manage the economic conditions or financial markets; the Company's inability to manage the inherent hazards associates with mineral exploration and mining operations; adverse changes to future prices of metals; adverse changes in general economic conditions; the lack of new discoveries; the inability of the Company to obtain the necessary permits and consents required to explore, drill and develop the its projects located on its properties, and if obtained, its inability to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for such projects; the inability of the Company to monetize its mineral resources; and adverse changes in environmental and other laws or regulations that will have an impact on the Company's operations, the Company's inability to maintain compliance with environmental laws and regulations, the adverse effects resulting from its dependence on key management personnel and adverse changes due to the general competition in the mining industry; the Company's inability to realize the stated benefits of Dort Property and the Project; the Company's inability to realize and fulfill the stated benefits, terms, and timelines associated with the Option Agreement; the Company's inability to fulfill its obligations under the Option Agreement; the Company's inability to carry out the proposed exercising of the option; the Company's inability to continue its focus on the exploration on lithium and gold resources; the Company's inability to fulfill its commitment to responsible mining practices; and the Company inability to continue its operations of its two mineral exploration properties in British Columbia.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
On Behalf of the Board of Directors,
Pegmatite One Lithium and Gold Corp.
Kelly Abbott
President & CEO
Email: kelly@pegmatiteone.com
Website: www.pegmatiteone.com
Phone: +1 (416) 481-2222 x228
SOURCE: Pegmatite One Lithium and Gold Corp.
WEST MINING CORE SAMPLING PROGRAM DESIGNED TO UPGRADE CURRENT RESOURCE ON ITS 100% OWNED KENA PROJECT
https://ca.finance.yahoo.com/news/west-mining-corp-core-sampling-203000533.html
West Mining Corp.
Fri, April 19, 2024 at 1:30 p.m. PDT·6 min read
WESMF
0.00%
VANCOUVER, B.C., April 19, 2024 (GLOBE NEWSWIRE) -- WEST MINING CORP. (“WEST” OR THE “COMPANY”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL)
Ascot Pours First Gold During Commissioning at the Premier Gold Project
https://ca.finance.yahoo.com/news/ascot-pours-first-gold-during-110000855.html
Ascot Resources Ltd.
Mon, April 22, 2024 at 4:00 a.m. PDT·5 min read
AOTVF
+0.19%
VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that on April 20, 2024 the Company poured first gold as a part of the commissioning process at the Premier Gold Project (“PGP” or the “Project”), located on Nisga’a Nation Treaty Lands in the Golden Triangle of northwestern British Columbia.
Derek White, President and CEO, commented, "The first gold pour is a hallmark commissioning milestone for Ascot, representing the culmination of years of hard work. We express our gratitude to our dedicated workforce, our diligent contractors, our supportive shareholders and financiers, Nisga’a Nation, government officials, and the local communities of Stewart, BC and Hyder, Alaska – all of whom played important roles in seeing this first gold pour come to fruition.”
Commissioning of the process plant at PGP is ongoing, with commercial production anticipated in Q3 of 2024. The first gold pour was achieved from gold recovered through the gravity circuit. Commissioning of the carbon-in-leach (“CIL”) circuit is currently underway. Ascot will provide a more comprehensive update on the commissioning progress in due course.
Figure 1 – First gold pour during commissioning at PGP
Figure 1
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/415877fa-b5b9-401c-a5b6-1bf7b432695d
Qualified Person
John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
On behalf of the Board of Directors of Ascot Resources Ltd.
“Derek C. White”
President & CEO
For further information contact:
David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
dstewart@ascotgold.com
778-725-1060 ext. 1024
About Ascot Resources Ltd.
Ascot is a Canadian mining company focused on commissioning its 100%-owned Premier Gold Mine, which poured first gold in April 2024 and is located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. Concurrent with commissioning Premier towards commercial production anticipated in Q3 of 2024, the Company continues to explore its properties for additional high-grade gold mineralization. Ascot’s corporate office is in Vancouver, and its shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Ascot is committed to the safe and responsible operation of the Premier Gold Mine in collaboration with Nisga’a Nation and the local communities of Stewart, BC and Hyder, Alaska.
For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of advancement and development of the PGP and the timing related thereto, the completion of the PGP mine, the production of gold and management’s outlook for the remainder of 2024 and beyond. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks associated with entering into definitive agreements for the transactions described herein; fulfilling the conditions to closing of the transactions described herein, including the receipt of TSX approvals; the business of Ascot; risks related to exploration and potential development of Ascot's projects; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot’s properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with construction of the Project; the timing of the anticipated start of production at the Project; the ability to maintain throughput and production levels at the PGP mill; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Kobrea Discusses Phase 1 Exploration Program at the Upland Copper Project
https://www.newsfilecorp.com/release/206078
April 18, 2024 4:15 PM EDT | Source: Kobrea Exploration Corp.
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to introduce the Upland Copper Project ("Upland Copper" or the "Project") and discuss upcoming 2024 exploration plans. The 5,300 hectare, road-accessible project is located 20 kilometres northeast of the town of Barriere and 20 kilometres south of the Taseko Mines Limited's Yellowhead Project (Figure 1) in south-central British Columbia. Upland Copper is host to a copper-dominant, remobilized polymetallic volcanogenic massive sulphide deposit that is open for expansion.
Figure 1 - Location map. *The Company notes that mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_001full.jpg
Upland Copper Project
The first recorded exploration programs on Upland Copper Project began in 1965 after local prospectors discovered mineralized float boulders southeast of the Project. Numerous geophysical, geochemical and diamond drilling programs were completed between 1965 and 2010 on the Project.
50 drill holes totaling 8,095 metres, completed by previous operators on the Project, have outlined copper mineralization over a 1.6 km by 1.0 km area (Figure 2). Historical drilling indicates that mineralization is open to depth, with numerous holes bottoming in copper mineralization including drill hole P-70-9 which averaged 0.32% over the entire 74 metres of the hole (Figures 3 & 4). The deepest drilling to date reached a depth of 235 metres.
A total of 3,260 soil samples have been collected on the Project by previous operators. Such samples have outlined a 3.7 km by 1.0 km copper-in-soil anomaly that coincides well with copper mineralization intersected in historical drilling. Anomalous copper-in-soils extend south beyond historical drilling approximately 1.5 kilometres, with large portions of the copper-in-soil anomaly untested by drilling (Figure 2).
Together with ground-based geophysical surveys completed historically and an airborne magnetic survey completed by Kobrea in 2022, favourable copper-bearing stratigraphy has been outlined that correlates with copper mineralization intersected in historical drilling. Induced polarization ("IP") surveys completed by previous operators have outlined a 4.0 by 1.2 kilometre chargeability high anomaly that is open to the northwest (Figure 3).
All historical exploration at the Project has not been verified by the Company and the historical exploration information in this news release is sourced entirely from the independent technical report entitled "Technical Report on the Upland Copper Project" dated June 13, 2023, prepared for the Company by Sean Butler, P. Geo.
Figure 2 - Historical soil geochemical surveys (showing copper) and drill hole locations.
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https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_002full.jpg
Figure 3 - Historically defined IP chargeability high anomaly atop mapped geology and drill hole locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10375/206078_20010861b43eb961_003full.jpg
Figure 4 - Cross-section N5690088 showing historical drill results (copper) and interpreted geology.
To view an enhanced version of this graphic, please visit:
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2024 Phase 1 Exploration
The Company intends to commence trenching, soil geochemistry, and bedrock mapping on the Project in the late spring of 2024. This will better define copper mineralization in bedrock and improve confidence in the geological model. Two 500-metre-long trenches have been proposed to be excavated over two mineralized cross-sections of the deposit, which will help to determine continuity of mineralization and will aid in targeting the higher-grade domains seen in historical drilling. The results from the first phase of exploration at the Upland Copper project will be used to target subsequent drilling.
Marketing Agreement
Kobrea is also pleased to announce that it has entered into an agreement with MIC Market Information & Content Publishing GmbH ("MIC") (Address: Gerhart-Hauptmann-St. 49b 51379 Leverkusen; email: contact @) for a 6-month marketing engagement, commencing on April 18, 2024. MIC will utilize its online programs and those of third-party service providers to generate a greater following, increase investor awareness and attract potential new investors for the Company in consideration of EUR50,000. The promotional activity will occur through various online platforms and methods of engagement, including, without limitation, advertorials, creation of texts, reports and research articles, text ads and display ads. MIC does not have a prior relationship with the Company.
Qualified Person
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea and a Qualified Person under National Instrument 43-101. The results referenced in this news release were completed by previous operators of the Project. Although the Company was not involved in such work, proper industry data verification procedures appear to have been followed.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "James Hedalen"
James Hedalen
CEO & Director
About Kobrea Exploration Corp.
Kobrea Exploration Corp. is a mineral exploration & development company focused on the acquisition and exploration of base metal projects. The Company holds a 100% interest in the Upland Copper Project in British Columbia, Canada.
For more information, please consult the Company's filings, available at www.sedarplus.ca.
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this press release include statements respecting: the phase 1 work program at the Project and the scope and timing thereof; the intention to use the results from the phase 1 work program to target subsequent drilling; and the MIC engagement and services to be provided by MIC thereunder. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
SOURCE: Kobrea Exploration Corp.
CMC Metals Releases a New Mineralization Model and Selected 2023 Drill Results from Its Silverknife Property
https://www.accesswire.com/853180/cmc-metals-ltd-releases-a-new-mineralization-model-and-selected-2023-drill-results-from-its-silverknife-property
Monday, 15 April 2024 10:10 AM
VANCOUVER, BC / ACCESSWIRE / April 15, 2024 / CMC Metals Ltd. (TSX-V:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has prepared a new conceptual mineralization model (see Figure 1) for its Silverknife Property. The model is based on an interpretation of recent and historical exploration data and publicly available regional data. The model will serve as a guideline to future exploration efforts on the property and conceptually depicts the potential of the four zones on the property previously announced on March 20, 2024.
In addition, selected results from the 2023 drilling at the Silverknife Prospect Area not previously announced, were as follows:
Hole SKP 23-02 from a depth of 34.0 meters to 202.27 was consistently mineralized with elevated levels of zinc and lead. Of particular note is (i) a 16.19 meter interval from 41.33-57.52 meters with an average of 11,399.3 g/t zinc with a range of values from 1,245-38,500 g/t zinc and lead values ranging from 624-11,250 g/t; (ii) a 13.65 meter interval from 83.85-97.50 meters with an average of 13,580 g/t zinc with a range of values from 2,380-34,700 g/t zinc and lead values ranging from 288-6,020 g/t (iii) a 2.70 meter interval from 125.80-128.50 m with 0.31 g/t Gold, and 59. 7 g/t Silver; and (iv) a 4.00 meter interval from 139-143.00 m with 0.20 g/t Gold, and 56.10 g/t Silver
Hole SKP 23-03 with a 1.2 meter interval from 190.30-191.50 meters with 53 g/t silver, 34,600 g/t lead, and 7,440 g/t zinc.
Hole SKP 23-04 with a 1.98 meter interval from 123.40-125.38 meters with 25.02 g/t silver, 6,154.2 g/t lead, and 46,921 g/t zinc.
Hole SKP 23-06: 881 g/t silver, 5,060 g/t lead, 1,500 g/t zinc and 1,335 g/t copper at a depth interval of 67.7-68.20 meters
Hole SKP 2P 23-07 with (i) a 3.91 meter interval from 72.00-75.91 m with 0.73 g/t Gold, and 17.63 g/t Silver; and (ii) a 1.6 meter interval from 172.05-173.65 meters with 9,079.7 g/t zinc
Hole SKP 23-08 with (i) a 26.52 meter interval from70.48-97.00 meters with 2,078 g/t zinc with values ranging from 1,415-14,350 g/t and lead values ranging from 209-4,040 g/t; and, (ii) a 5.88 meter interval from 100.12-106.0 meters grading 4,224.49 g/t zinc with elevated level s of lead and zinc from 63.0-107.87 meters.
Hole SKP 23-09 with (i) a 1.0 meter interval from 55.0-56.0 meters grading 189 g/t silver, 2,680 g/t lead and 651 g/t zinc; (ii) a 1.0 meter interval from 61.0-62.0 meters grading 46 g/t silver, 1,700 g/t lead and 5,790 g/t zinc; and (iii) a 1.52 meter interval from 129.96-131.48 meters grading 67 g/t silver, 15,100 g/t lead and 4,030 g/t zinc in mineralized intervals from 55.0-72.01 meters, 93.30-96.27 meters and 123.97-134.0 meters.
Fugitive calcite veining was noted in Holes SKP 23-04, SKP 23-05,SKP 23-06, SKP 23-07, SKP 23-08 and SKP 23-09. This is significant as fugitive calcite with cross-cutting "epithermal textures" suggest the presence of a large, longer life mineralizing system which is a critical factor in the formation of carbonate replacement deposits.
Mr. Kevin Brewer, P.Geo. and President and CEO of the Company noted that "We initially did not understand the significance of this data. We hit mineralization in seven of the nine holes we drilled in this area. Furthermore, the alteration associated with the mineralization, suggests we are proximal to a large system. We encountered faulting in the drilling program that forced us to abandon two of the holes, and faulting is evidence that the plumbing system exists in this area for fluid migration, and the heat source exists as we intercepted the Cassiar granodiorite at depth. This verifies to us the significant potential of the Silverknife Prospect Zone which is yet to be fully evaluated and also the immense potential of examining western extensions of this system in the South-Central Silverknife Zone where we have large conductivity anomalies associated with significant geochemical soil anomalies. The development of the conceptual mineralization model by our project geologist Cesar Symonds is also a great addition to our knowledge of the property."
Qualified Person
Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company's President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in British Columbia, Yukon and Newfoundland. Our flagship project is the Silverknife Property in the emerging Rancheria Silver District. Other projects in this District include the Amy project (British Columbia) and the Silver Hart Deposit/Blue Heaven claims (Yukon). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (Newfoundland) and Logjam (Yukon), both of which are available for option.
On behalf of the Board:
"John Bossio"
John Bossio, Chairman
CMC METALS LTD.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (+52) 669 198 8503
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
"This news release may contain certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company's filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation."
SOURCE: CMC Metals Ltd.
Talisker Intersects 56.88 g/t Au over 1.00 Metre from the Bralorne Gold Project Resource Conversion Program
https://ca.finance.yahoo.com/news/talisker-intersects-56-88-g-110000335.html
Talisker Resources Ltd.
Wed, April 17, 2024 at 4:00 a.m. PDT·10 min read
TSKFF
0.00%
TORONTO, April 17, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF)
American Eagle's 2024 Exploration Program Underway
https://www.newsfilecorp.com/release/205772
April 17, 2024 6:00 AM EDT | Source: American Eagle Gold Corp.
Highlights:
Deep penetrating Induced Polarization ("IP") ground geophysical survey to commence today
2023's IP survey showed excellent correlation with zones of high-grade mineralization
15,000 m drill program to begin in May
Technical Update Video provided by Charlie Greig
Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that the 2024 exploration program at its NAK property is about to get underway with an initial nine line, deep-looking IP survey (see Fig. 1 here). The IP survey will add to the three-line deep-penetrating survey completed last year. The inversion modeling of that data, when combined with data from historical IP work at the NAK project, strongly suggested that the shoulder of the IP chargeability high broadly correlated with the zones of best mineralization encountered in the 2023 drilling.
View NAK Presentation by Charlie Greig
The IP survey aims to build on the successful three-line deep-looking IP survey run in the fall of 2023. Inversion modeling of the IP data from that survey strongly indicated that the inner flank, or shoulder, of the IP chargeability high correlated well with better grades in drillholes NAK23-08, -11 and -17 in the south zone, and in Holes NAK23-12, -13, and -14 in the North Zone. Nine IP lines are slated for the 2024 program, extending from the southwestern-most part of the NAK property to the northeastern-most part. This work is anticipated to increase the Company's confidence in targets at depth, and modelling of the data will incorporate historical data, which outlined a classic, broad but shallow IP chargeability halo enveloping the Eocene Babine granodiorite porphyry stock at NAK. The expanded survey will provide additional confidence in planning broad step-out drilling, in testing between the Company's broad, high-grade intersections at it's North and South zones, and possibly in highlighting depth targets elsewhere on the property, where shallow historical drilling showed promising indications of porphyry-style Cu-Au-Mo-Ag mineralization.
Details of NAK's 2024 Drill Program:
Planning for the 2024 drill campaign is well underway. It will integrate the Company's growing understanding of the relationship between reactive and permeable host rocks, and the emplacement of multi-phase Eocene dikes and sills, resulting in the development of a detailed mineralization and alteration model. The expanded 2024 program, which will consist of 15,000 metres, will aim to link, better define, and expand upon the historical North and South zones, which the Company showed in its 2022 and 2023 drill programs extends to great depths. Intercepts from 2023 include 900 m of 0.50% Copper Equivalent in the North zone (Link to NAK23-12 News Release) and 302 metres of 1.09% within 606 m of 0.74% Copper Equivalent starting from 98 metres downhole in the South Zone (Link to NAK23-17 News Release).
About American Eagle's NAK Project
The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 km x 1.5 km. Drilling completed in 2022 and 2023 by American Eagle has returned significant intervals of high-grade copper-gold mineralization that lie beyond the extent of historical drilling, indicating that several zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system.
For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube Chanel: youtube.com/@theoregroup
About American Eagle Gold Corp.
American Eagle is focused on exploring its NAK copper-gold porphyry project in west-central British Columbia, Canada.
Anthony Moreau, Chief Executive Officer
416.644.1567
amoreau@oregroup.ca
www.americaneaglegold.ca
Q.P. Statement
Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and 'qualified person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release. Certain information in this press release may contain forward-looking statements. Forward-looking statements in this press release include but are not limited to, statements regarding whether the Company can exercise its option to acquire the Project as anticipated and whether the Company's exploration efforts on the Project produce the results anticipated by management. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Therefore, actual results might differ materially from those suggested in forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available under American Eagle Gold Corp. profile at www.sedarplus.ca.
SOURCE: American Eagle Gold Corp.
InZinc Reports High Grade Barite and Extends Barite Trend to 700 m Strike Length
https://www.newsfilecorp.com/release/205623
April 17, 2024 9:45 AM EDT | Source: InZinc Mining Ltd.
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - InZinc Mining Ltd. (TSXV: IZN)
Vizsla Copper Completes Acquisition of Universal Copper
https://www.newswire.ca/news-releases/vizsla-copper-completes-acquisition-of-universal-copper-877900762.html
Vizsla Copper Corp. Apr 18, 2024, 08:00 ET
VANCOUVER, BC, April 18, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) ("Vizsla Copper") and Universal Copper Ltd. (TSXV: UNV) ("Universal Copper") are pleased to announce the completion of the plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), as previously disclosed on February 14, 2024. Pursuant to the terms of the Arrangement, among other things, (i) Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper (the "UNV Shares") in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper (each whole common share, a "Vizsla Copper Share") to shareholders of Universal Copper ("Shareholders") in exchange for each UNV Share (the "Exchange Ratio"), (ii) Universal Copper's outstanding stock options ("Options") were exchanged for options of Vizsla Copper, and (iii) Universal Copper's outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.
On April 16, 2024 the Supreme Court of British Columbia issued the final order to approve the Arrangement. The Arrangement received the requisite approval of Universal Copper's securityholders at a special meeting of securityholders held on April 10 , 2024.
Craig Parry, Executive Chairman of Vizsla Copper, stated: "The closing of this transaction is very timely, with the copper market now in structural undersupply. Demand is increasing, driven by new infrastructure needed for EV, AI, and cloud storage requirements and on the supply side, we have seen reductions in production rather than expected increases. This has led to certain analyst predictions that the copper price will be US$6/lb or more in the near term. There has never been a better time to acquire and advance copper projects in a mining-friendly jurisdiction like British Columbia.
We welcome the shareholders of Universal Copper to Vizsla Copper and look forward to the opportunity to provide value to all stakeholders. I want to thank both the Vizsla Copper and Universal Copper teams for their hard work to get this done expeditiously. Vizsla Copper is now uniquely positioned with two significant copper resource bases at the Woodjam and Poplar projects. The Vizsla Copper team is excited to begin it's work on the large, highly prospective Poplar project which contains a large, near-surface porphyry-related Cu-Au deposit. We look forward to unlocking additional value at both Poplar and Woodjam."
Clive Massey, President and CEO of Universal Copper, stated: "We are thrilled to mark the completion of this transformative arrangement with Vizsla Copper, a milestone that not only enhances value for our shareholders but also strengthens our market position. This merger is a strategic alignment of our assets and visions, designed to accelerate growth and capitalize on our synergies. The overwhelming support from our shareholders reflects their confidence in the potential of this combined entity to lead and innovate in the copper industry."
Following the completion of the Arrangement, there are 181,375,021 issued and outstanding Vizsla Copper Shares.
For additional details regarding the Arrangement see Universal Copper's management information circular dated March 5, 2024, a copy of which can be found under the Univesal Copper's profile on SEDAR+ at www.sedarplus.ca.
The UNV Shares are expected to be de-listed from the TSX Venture Exchange effective as of the close of business on or about April 19, 2024. Vizsla Copper also intends to submit an application to the applicable securities regulators to have Universal Copper cease to be a reporting issuer and terminate its public reporting obligations.
Action Required by Universal Copper Shareholders
Registered shareholders of Univesal Copper are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) and/or DRS advice(s) representing their UNV Shares to Computershare Investor Services Inc.
Early Warning Reporting
By virtue of its acquisition of all the issued and outstanding UNV Shares pursuant to the Arrangement, Vizsla Copper is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed on Universal Copper's SEDAR+ profile at www.sedarplus.ca.
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 Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. Vizsla Copper is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. Vizsla Copper's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.
About Universal Copper
Universal Copper is a Canadian-based copper exploration company focused on the acquisition and exploration of copper properties. The Company's management team has many years of experience in exploration, finance, and efficient public company management. Universal Copper's current focus is on advancing the Poplar Copper Project, one of the most advanced pre-production copper projects in British Columbia with a historic 43-101 resource.
Cautionary Statement:
Certain information in this news release is considered forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions; adverse industry events; inability to realize anticipated synergies; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; income tax and regulatory matters; the ability of Vizsla to implement their business strategies; competition; and currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
SOURCE Vizsla Copper Corp.
For further information: CONTACT INFORMATION: For more information regarding Vizsla Copper and to sign-up to the mailing list, please contact: Craig Parry, Executive Chairman, Tel: (604) 364-2215| Email: info@vizslacopper.com
Eastfield Expands the Zymo Property Adding Several New Targets
https://thenewswire.com/press-releases/1BOxF6qoE-eastfield-expands-the-zymo-property-adding-several-new-targets.html
April 17, 2024 – TheNewswire – Eastfield Resources Ltd. (“Eastfield”, TSX-V: ETF)
Canadian Critical Minerals Achieving Positive Results from Ore Sorting at Bull River Mine
https://www.newsfilecorp.com/release/205609
April 16, 2024 8:00 AM EDT | Source: Canadian Critical Minerals Inc.
Calgary, Alberta--(Newsfile Corp. - April 16, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it is achieving positive results from ore sorting at the Bull River Mine ("BRM") project near Cranbrook, BC. The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+).
The Company previously announced the successful commissioning of the Ore Sorter (see press release dated March 18, 2024, on Sedar+). During the month of February 2024 and prior to the imposition of road restrictions on February 24th, 2024, the Company trucked 897 wet metric tonnes ("wmt") of mineralized material to New Afton. This run of mine material from the surface stockpile graded 1.39% copper, 0.29 g/t gold and 11 g/t silver and is representative of the insitu grade of the surface stockpile.
In late March and early April 2024, the Company produced 146 wmt of high-grade mineralized material using the ore sorter and trucked this material to New Afton. This sorted material graded 3.53% copper, 0.60 g/t gold and 27.58 g/t silver. This represents a 250% improvement in copper grade using ore sorting. Readers are cautioned that while ore sorting appears effective, the Company may not see similar results in future.
The Company expects road restrictions will be removed in the next week to 10 days after which it intends to increase weekly trucking to New Afton.
Ian Berzins, President and CEO commented, "We are extremely pleased with the initial results of ore sorting. A 250% increase in copper grade exceeded our expectations. With the ore sorter now commissioned, we plan to focus on optimization of quality and throughput."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 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.
Golden Cariboo Commences 2024 Drilling Campaign
https://thenewswire.com/press-releases/1AXXFXnQP-golden-cariboo-commences-2024-drilling-campaign.html
April 16, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (“GCC or the Company”) (CSE:GCC), (OTC:GCCFF), (WKN:A0RLEP) announced today that it has commenced drilling at its Quesnelle Gold Quartz Mine Project (“QGQ Project”) near Hixon, BC, and has recently completed the first diamond drill hole (QGQ24-05) of its 2024 drilling campaign.
The Company is operating two shifts and under optimal conditions, is drilling approximately 100 meters per day.
Drill hole QGQ24-05 was drilled for 321m from the same pad as QGQ23-04 to target the greenstone-phyllite contact to the northwest of QGQ23-04 and possible mineralization on the west side of the contact. Logging and sampling of QGQ24-05 is in progress with over half completed to date. Samples are being shipped to the lab regularly for analysis. The drill is currently re-mobilizing to commence drilling of QGQ24-06.
The balance of logging and sampling of drill hole QGQ23-04 (formerly referred to as QGQ23-01) from the Company’s 2023 drill program has been completed. 122 samples were expedited to ALS Geochemistry in North Vancouver, BC for analysis. Results are pending.
Company President and CEO, Mr. J. Frank Callaghan commented “We are excited to have launched our 2024 drilling campaign. The Company has a 5-year exploration permit with approval to drill 270 surface diamond drill holes on 54 drill pads. I anticipate this will lead to an exciting time ahead as our exploration and management teams strive to put our third mine into production in British Columbia’s prolific Cariboo mining region.”
Mr. Callaghan commented further, stating “The Company acquired the QGQ Project due to its historic production, presence of a greenstone contact and its potential to host similar mineralization to the Bonanza Ledge Mine, which our team originally discovered and put into production at Osisko Development’s Cariboo Gold Project. After Golden Cariboo’s team put the Bonanza Ledge Mine into production and further developed the Cariboo Gold Project, it was acquired by Osisko Royalties for $330 million and is now owned and operated by Osisko Development. We feel that there is a similar opportunity to repeat our achievements at the QGQ Project and fundamentally believe that you make a mine, you don’t find one.”
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine Project which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-scale placer production since the mid 1860’s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
GSP Resource Enters into Agreement to Acquire an Additional 185 Hectares of Claims Adjacent to the Highland Valley Copper Mine
Historic exploration work discovered shallow copper mineralization
Historic shallow drilling included 30m averaging 0.53% Cu and 21 m averaging 0.51% Cu
High priority for follow up exploration during upcoming field season
https://thenewswire.com/press-releases/1L7OF3Ee2-gsp-resource-enters-into-agreement-to-acquire-an-additional-185-hectares-of-claims-adjacent-to-the-highland-valley-copper-mine.html
News Release - Vancouver, British Columbia – TheNewswire - April 16, 2024: GSP Resource Corp. (TSX-V: GSPR / FSE: 0YD) (the “Company” or “GSP”) announces that it has entered into an arm’s length acquisition agreement with Dylan Adam (the “Agreement”) to acquire a 100% interest in the Mer Claims in the Highland Valley Copper Camp of British Columbia. The two Mer claims are comprised of 185 hectares in the Kamloops Mining Division. The claims are situated approximately 1.5km NW of GSP’s Alwin Mine Project and are surrounded by Teck Resource’s Highland Valley Copper claim group directly west and south of the Highland Valley Copper Mine’s active operations1 (see Figure 1 below).
Terms of the acquisition for 100% of the Mer claims are a $10,000 cash payment and the issuance of 100,000 commons shares of GSP within 10 days of TSXV Exchange acceptance of the Agreement. The seller of the claims will retain a 1.0% Net Smelter Return (“NSR”) Royalty with a buyback option for the Company of C$500,000. All GSP common shares issued pursuant to the Agreement will be subject to a hold period of four months and one day from the closing date.
The Mer Claims host a copper exploration target zone located NW of the Company’s Alwin Mine High grade copper-silver-gold target zone.
Simon Dyakowski, President & CEO of GSP Resource commented: “We are very pleased to enter into this agreement to acquire the only remaining ground within the Highland Valley Copper camp near our flagship Alwin Mine High Grader Copper-Silver-Gold project. The Mer claims are underexplored having seen limited drilling in the 1960’s and 1970’s discovering shallow copper mineralization. Over the coming weeks, we look forward to integrating the Mer claim group into our Alwin Mine Copper Project 2024 field season exploration plans.”
About the Mer Claims:
The Mer Claims were the subject of intensive exploration by the Cleveland Ming & Smelting Co. Ltd. between the years 1965 and 1971. During that time exploration within the current Mer and surrounding claims now held by Teck Highland Valley Copper Corporation comprised geochemical and IP/resistivity geophysical surveys, geologic mapping, bulldozer trenching, completion of 16 percussion drill holes totaling 610 metres (m), and a single 150 m diamond drill hole targeting the Mer showing.
Percussion and diamond drilling were reported to define a 70 x 120 metre northeast trending porphyry copper-molybdenum zone characterized by disseminated chalcocite, chalcopyrite, bornite and molybdenite mineralization and associated biotite and sparse potassic alteration.
At the Mer showing, percussion drill holes 1, 3, 15, and 16, forming a 70 x 40 m diamond pattern in plan returned values of 9 m averaging 0.47% copper (Cu); 30 m averaging 0.53% Cu; 15 m averaging 0.50% Cu; and 21 m averaging 0.51% Cu2 respectively, commencing at downhole depths ranging from 6 to 18 m.
A single diamond drill hole was centered on the percussion drill holes and intersected a zone of chalcocite mineralization within biotite and potassic altered granodiorite intrusive rocks averaging 0.29% Cu over 24 m from a downhole depth of 9 m. The zone of mineralization remains open to the north and west.
No significant exploration has been reported within this project since the initial work programs ending in the early 1970’s. Given the presence of drill confirmed porphyry copper-molybdenum mineralization, a location 6 kilometers west of the Valley Pit at Teck Resource Limited’s Highland Valley Copper Operations, and its position with the Chataway and Guichon granodiorite phases of the Guichon Batholith the Mer Project is a high priority for follow up exploration.
Figure 1: Mer and Alwin Mine Claims – Highland Valley Copper Camp
Click Image To View Full Size
Qualified Person: The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, AB, a consultant to the Company and a “qualified person” as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data disclosed, which includes a review of the sampling, analytical and test data underlying the information and opinions contained herein. Mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Alwin property.
About GSP Resource Corp.: GSP Resource Corp. is a mineral exploration & development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division, of which it has granted an option to earn a 60% interest to a third party.
Contact Information:
Simon Dyakowski, Chief Executive Officer & Director
Tel: (604) 619-7469
Email: simon@gspresource.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, the closing of the acquisition of the Mer Claims, carrying out future exploration work on the Company’s projects, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, 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. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of copper, gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
1 Mineralization present within Teck Resources Highland Valley Operations is not necessarily indicative of GSP Resources Corp. properties.
2 All drill holes are assumed to be vertical, and the true width of mineralization it unknown.
Red Canyon Upgrades Kendal Porphyry Copper Project Potential
https://thenewswire.com/press-releases/1BOxFpnpb-red-canyon-upgrades-kendal-porphyry-copper-project-potential.html
Vancouver, British Columbia, – TheNewswire - April 16, 2024: Red Canyon Resources Ltd. (CSE: REDC) (the “Company" or "Red Canyon") is pleased to provide a summary of its 2023 detailed exploration work on its 100% owned Kendal copper project in west-central British Columbia. The Company is focused on impactful, value-adding exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America.
Company Highlights:
The Company has completed a detailed lithogeochemical vectoring study and magnetic inversion modeling on its 100%-owned Kendal copper project in British Columbia. These studies have significantly enhanced our confidence that Kendal may represent a newly discovered, never drill-tested, porphyry copper system;
In late 2023, the Company collected over 200 rock outcrop samples throughout the Kendal area and using four-acid digestion with high-precision trace-element geochemical analyses, the Company identified important chemical enrichment and depletion zones typical of established porphyry models. Equally important, these studies suggest the erosional level of the porphyry system at Kendal could be directly above and in close proximity to the modeled zone of copper mineralization;
The field program also included a project-wide, 213-line-kilometre airborne magnetic and radiometric survey. Fathom Geophysics conducted modeling of the magnetic data including a magnetic vector inversion that outlines an interpreted, 2-km-long elliptical zone of magnetite destruction coincident with the core target area at Kendal;
Based on the results of these studies, the Company has completed final drill hole targeting in advance of an anticipated initial drill program as early as fall 2024; and
The Company controls a portfolio of seven 100%-owned, internally generated copper and copper–gold projects, four of which are drill ready, including Kendal.
Wendell Zerb, the Chairman and CEO of the Company, states: "Red Canyon has now completed its advanced pre-drilling exploration targeting at Kendal. We believe that the Kendal project potentially hosts a large, never drill-tested copper porphyry system. Furthermore, our detailed studies suggest that the current erosional level at Kendal is above the top of the modeled porphyry copper zone. We look forward to next steps, including diamond drilling to test this priority target. Finally, the project area is also road accessible, just a short drive from the city of Terrace, British Columbia, which is 120 km due east of developed port facilities at Prince Rupert, a significant advantage should a copper porphyry system at Kendal be defined”.
Dr. Craig Hart, Chief Geoscientist of the Company, adds: "The lithogeochemical data at Kendal is impressive. The coincident depletions and enrichments of key major and trace elements all define a region of significant high-temperature fluid flow, which when compared to our understanding of copper porphyry systems, suggests that we are above and in close proximity to the most prospective potassic alteration zone”.
About the Kendal Project
Kendal comprises five 100%-owned mineral claims totaling 2,738 hectares located in west-central British Columbia approximately 25 km northeast of the city of Terrace, a regional infrastructure hub with a well-serviced airport. Infrastructure is excellent with four intersecting highways, hydroelectric power and rail corridors and port facilities approximately 120 km to the west at Prince Rupert. The project has direct road access, only 3.5 km from Highway 16.
Click Image To View Full Size
Figure 1: Kendal Project location map.
A key focus of the Kendal project is the large 2.5 x 1.5 km zone of hydrothermal alteration, manifested as a phyllic zone associated with an interpreted mineralized porphyry intrusion. The Company has completed detailed geological interpretation, a lithogeochemistry vectoring study, magnetic inversion modeling and radiometric studies. These technical studies have significantly enhanced our confidence that Kendal may represent a newly discovered, never drilled, copper porphyry system.
Click Image To View Full Size
Figure 2: Kendal project topographic orthophoto looking south, with outline of mapped phyllic alteration (yellow line) and focus area of the Q4/23 trace element rock sampling program (blue line).
Kendal Lithogeochemical Vectoring Study
In the fourth quarter of 2023, the Company initiated a lithogeochemical vectoring study to better understand the porphyry copper potential within the project area and approximately 200 specimens of variably altered and randomly mineralized whole rocks were collected within the area of interest (Figures 2 and 4).
The sample suite was analysed for trace element lithogeochemistry using four-acid digestion, which ensures that key minerals are dissolved. High-quality mass spectrometry is utilized to ensure high precision at low detection limits. This analytical technique allows for the recognition of subtle trends in the data that indicate hotter and potentially more proximal fluid sources, or more simply, the identification of the core of a potential mineralizing system.
The enrichment or depletion of certain key elements provides a model of trace element behavior that reflects hotter and cooler temperatures within the vertical geochemical plume that develops above porphyry copper deposits. This enrichment or depletion forms the basis of the porphyry copper lithogeochemical footprint model of Halley et al. (2015). Interpretation of Kendal data suggests that the current level of erosion is potentially in close proximity to the most prospective potassic alteration zone (Figure 3), suggesting that the top of a copper porphyry system could be near surface.
Click Image To View Full Size
Figure 3: Geochemical data from Kendal indicates the approximate erosional level to be at the top of the magmatic-dominant portion (potassic zone) that hosts porphyry copper deposits, when compared to the Halley et al. (2015) cross-section through the porphyry copper lithogeochemical footprint model. The erosional level of Kendal is well-constrained by threshold enrichments of Mo, W and Sn, as well as Cu and depletions of Na, Mn, Sr, As, which are all characteristic of the high temperature parts of the system.
Click Image To View Full Size
Figure 4: Examples of Kendal project lithogeochemical depletions (left) and enrichments (right) showing 3.8 x 1.6 km sample distribution that indicate significant depletions in Na and As and enrichments in K and Mo typical of high temperature alteration zones. The underlying geology is dominated by mafic volcanic rocks and related volcaniclastic sediments that are intruded by several small plutonic stocks and porphyry dykes (pale pink polygons).
The data collected by Red Canyon clearly suggests the location and distribution of the porphyry copper target on the Kendal property by a well-defined zone of Cu enrichment (>500 ppm) with numerous, coincident overlapping zones of geochemical depletion and enrichment (Figure 5). The data suggests that the threshold values of several higher-temperature copper-associated elements (Mo, W, Sn) are within the ranges expected for rocks that are often found at the top of the potassic alteration zone and immediately above a potential porphyry copper zone. This suggests a very favourable erosional level at Kendal (Figures 3 and 5). Whereas many porphyry exploration projects in altered rocks might have to drill very deep holes to potentially locate copper mineralization, the Kendal lithogeochemical footprint suggests that potential copper mineralization could be within short drill distance beneath the sampled localities.
Click Image To View Full Size
Figure 5: Maps showing compiled geochemical distributions of depleted (left) and enriched (right) elements summarized by ellipses on top of the map showing copper enrichments. The 800 x 500 metre region of Cu enrichment is overlain by coincident depletions in Na, As, Sr, Li and Mn and enrichments of K, Mo, W and Sn. Importantly, there is a >700 m sampling gap to the east of the ellipses.
Click Image To View Full Size
Figure 6: (left) Kendal Creek, highly-fractured and veined outcrop of intrusive rocks with an early, closely-spaced generation of parallel fractures and veins, cut by later, larger generation of sulphide-rich veins with pink weathering, possibly potassium feldspar alteration. (right) Kendal Creek outcrop with multiple generations of veins with pink alteration halos hosted in a coarse-grained and porphyritic texture intrusion. For location see Figure 2.
For a comprehensive review of the Porphyry Copper Lithogeochemical Program at Kendal and associated background model, please visit www.redcanyonresources.com.
Kendal Magnetics and Radiometrics
The 2023 field program also included a project wide 213-line-kilometre airborne magnetic and radiometric survey. Fathom Geophysics assisted the Company with modelling the magnetic data including the completion of 3D inversions.
Click Image To View Full Size
Figure 7: Magnetic analytic signal image over the central part of the Kendal project indicates a (> 2 km2) hydrothermal alteration footprint defined by a large zone of depressed magnetic response from potential hydrothermal magnetite destruction within a broader region of gossanous pyrite alteration.
Key geological, geochemical and geophysical features that are typically characteristic of mineralizing porphyry copper systems all overlap and are centered around a 600 x 600 metre region of numerous small, altered intrusions and dykes. This core area is surrounded by a nearly 2-km-wide zone of depressed magnetic responses, as seen in aeromagnetic data, outcrop and hand sample magnetic susceptibility measurements. This magnetic destruction zone (Figure 7) potentially formed from hot hydrothermal fluids that destroyed the magnetite that was originally part of the mainly mafic volcanic host rocks.
The gamma-ray radiometric response outlines areas with very low thorium/potassium (Th/K) ratios that reflect intense hydrothermal alteration through the significant addition of potassium (Figure 7), in this case mostly from sericite-alteration of mafic volcanic rocks.
References
Halley, S; Dilles, JH; and Tosdal, RM; 2015. Footprints: Hydrothermal Alteration and Geochemical Dispersion Around Porphyry Copper Deposits. SEG Newsletter 100, 1,12-18. https://doi.org/10.5382/SEGnews.2015-100.fea
Corporate Strategy
Red Canyon is focused on exploring for copper and copper-gold related mineral systems within mining friendly jurisdictions in North America, with a particular focus on British Columbia and the Western United States. The Company is specifically targeting new or underexplored areas within established, premier copper districts.
The Red Canyon team has sourced and advanced its portfolio of 100% owned projects over the last 3.5 years using leading-edge geoscience to generate new exploration ideas.
Red Canyon intends to drill test several priority projects in 2024 with a goal of bringing targets to a decision point as quickly and cost-effectively as possible. The Company intends to advance several additional projects to a drill stage by executing geologic, geochemical and geophysical programs. Red Canyon is executing a corporate strategy of seeking out strategic alliances and will evaluate opportunities to joint venture, option or sell projects to qualified partners to maximize its exposure to exploration success.
The Company’s 100% owned copper-gold Peak Project in central British Columbia is set to be drill tested in Q2/24, potentially followed by programs at Scraper Springs, Nevada and Kendal, British Columbia. Each of these projects has been advanced to the drilling stage by completing systematic, detailed geological, geophysical and geochemical programs.
Additional information on the Peak and Scraper Springs projects can be found in the NI 43-101 Technical Reports dated May 1, 2023 and September 26, 2023 respectively, as filed on SEDAR+ at www.sedarplus.ca.
Additional information on the Company’s other projects can be found on the Company’s website www.redcanyonresources.com. Further projects are in development and details will be announced as information becomes available.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC) is a geoscience-driven, discovery-focused mineral exploration company focused on exploring North America’s top copper jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all stakeholders and aid in the clean energy transition. Red Canyon has a portfolio of 100% owned copper and copper-gold porphyry exploration projects. The Company’s technical team consists of experienced geoscientists with diverse capital market, small cap and major mining company backgrounds, and a track record of success.
For more information, please visit the Company's website at www.redcanyonresources.com.
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
wzerb@redcanyonresources.com
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@redcanyonresources.com
Lithogeochemical Sampling and Analytical Procedure – The Lithogeochemical samples were collected by rock hammer over a predetermined sampling area, based on outcrop exposure in the Kendal area. Sample locations were generated by Garmin hand-held GPS units. All samples were geologically characterized and photographed at the Company’s field office. Samples were prepped and cut to remove any notable oxidation. Rock samples were placed in numbered bags for analysis, with a sawn rock half-sample stored as a representative sample. Samples were dispatched to ALS Laboratories an accredited analytical laboratory meeting ISO/IEC 17025:2005 and ISO 9001:2015 standards. Samples are prepared by crushing and grinding via ALS methods CRU-21 and PUL-32 respectively. A 25 g aliquot of each pulp is subjected to a four-acid digestion and analyzed for 48 elements by ICP-MS finish (ALS code ME-MS61). QAQC including laboratory standards, are monitored by the Company. All lab data was compiled and statistically categorized by Red Canyon geoscientists.
Qualified Person - The technical information contained in this update has been reviewed and approved by Wendell Zerb, P. Geol, a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Talisker Samples Up to 97.7 g/t Au at the Ladner Gold Project
https://ca.finance.yahoo.com/news/talisker-samples-97-7-g-110000661.html
Talisker Resources Ltd.
Mon, April 15, 2024 at 4:00 a.m. PDT·8 min read
TSKFF
-0.19%
TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF
Rokmaster Resources: TERMINATION OF OPTION ON REVEL RIDGE PROJECT
https://www.newswire.ca/news-releases/termination-of-option-on-revel-ridge-project-887408318.html
Rokmaster Resources Corp. Apr 09, 2024, 06:00 ET
VANCOUVER, BC, April 9, 2024 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") announces that further to its news release dated March 8, 2024, the Company has not made the option payment in the amount of C$19,400,000 (the "Current Option Payment") by the deadline of 4:30 pm (Vancouver time) on April 8, 2024 stated in a notice of default (the "Notice of Default") received by the Company from Huakan International Mining Inc. ("Huakan").
The Notice of Default was issued by Huakan with respect to the Company not making 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"), granting to the Company an option to acquire a 100% interest in the Revel Ridge Project located approximately 45 km from Revelstoke, British Columbia.
The Company has terminated the Option Agreement, effective immediately. As such, the Company is evaluating its prospects and details regarding those plans will be released shortly.
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: please 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
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First "New" Gold Mine to Open in BC for 10 Years -
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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.
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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.
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AME BC Health and Safety Awards Luncheon
Keynote Speaker: Robin Sheremeta, General Manager & Team Leader, Safety Performance, Teck Coal Limited Elkview Operations
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Useful PM related sites:
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http://www.marketwatch.com/
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http://www.kitco.com/
http://www.usagold.com/
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http://www.GoldSeek.com/
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http://www.silver-investor.com/
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http://www.financialsense.com/
http://www.fgmr.com/
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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/
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http://000999.forumactif.com/
http://www.golddrivers.com/
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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:
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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:
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Ted Butler silver commentary archive:
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http://cambridgehouse.com/
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