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Solaris Reports 105m of 0.60% CuEq and 132m of 0.60% CuEq from Near Surface; Continued Expansion of Warintza East and Warintza Southeast
https://ca.finance.yahoo.com/news/solaris-reports-105m-0-60-110000732.html
Solaris Resources
Mon, July 24, 2023 at 4:00 a.m. PDT
SolGold Announces Renewal for the Cascabel Project Concession
https://www.accesswire.com/768204/SolGold-PLC-Announces-Renewal-for-the-Cascabel-Project-Concession
Monday, July 17, 2023 2:00 AM
Announces 25-Year Term Renewal for the Cascabel Project Concession
BISHOPSGATE, LONDON / ACCESSWIRE / July 17, 2023 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) is pleased to announce that the Company has received the Term Renewal from the Ministry of Energy and Mines of the Government of Ecuador for the Cascabel Project Concession ("Cascabel").
The Northern Zonal Coordination of the Ministry of Energy and Mines has issued Official Letter No. MEM-CZN-2023-0810-OF containing Resolution No. MEM-CZN -2023-0090-RM ("Resolution") for the Term Renewal of the Cascabel Mining Concession (Code 402288) until 2048. The Company may request additional term renewals in the future. The Term Renewal confirms that Cascabel comprises 4979 contiguous hectares and is a large-scale mining regime in accordance with Ecuador's mining regulations.
The mining concession renewal term is 25 years from the registration date of the Resolution in the Mining Registry under the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources and subsequent notification to the Northern Zonal Coordination of the Ministry of Energy and Mines.
"SolGold is making significant strides in the advancement of the Cascabel Project. The 25-year Term Renewal should give all stakeholders confidence in the ability of current management to move forward with our plans for Cascabel and the Company. We appreciate the Government's strong support and are dedicated to ensuring that we deliver on our commitments," stated Scott Caldwell, SolGold's CEO and President of SolGold Ecuador.
A conference call with a live webcast presentation to provide a market update will be held on July 20, 2023, at 8:00 a.m. (EST), 1:00 p.m. (BST), and 10:00 p.m. (AEST).
Interested parties can register for SolGold's webcast on 6ix.com for free via the following link:
https://my.6ix.com/2kg-oijy
The presentation is open to all existing and potential shareholders. The presentation material will also be available on the day of the presentation at: https://www.solgold.com.au/investors-center.
CONTACTS
Scott Caldwell
Chief Executive Officer
Tel: +44 (0) 20 3807 6996
Tavistock (Media)
Jos Simson/Gareth Tredway
Tel: +44 (0) 20 7920 3150
ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing the environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information.
CAUTIONARY NOTICE
News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.
This release may contain "forward-looking information". Forward-looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. 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 information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: SolGold PLC
LUNDIN GOLD REPORTS PRODUCTION OF 129,731 OUNCES OF GOLD IN THE SECOND QUARTER OF 2023
https://www.newswire.ca/news-releases/lundin-gold-reports-production-of-129-731-ounces-of-gold-in-the-second-quarter-of-2023-876098140.html
Lundin Gold Inc. 06 Jul, 2023, 18:00 ET
VANCOUVER, BC, July 6, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Solaris Reports 54m of 0.80% CuEq from Surface in Northwest Step-Out at Warintza Central; 268m of 0.60% CuEq within 830m averaging 0.50% CuEq in Northeast Step-Out
https://ca.finance.yahoo.com/news/solaris-reports-54m-0-80-110000050.html
Solaris Resources
Wed, June 28, 2023 at 4:00 a.m
Solaris Reports Significant New Porphyry Discovery in First Hole at Patrimonio, Second and Third Holes Underway and Additional Rigs Being Mobilized
https://ca.finance.yahoo.com/news/solaris-reports-significant-porphyry-discovery-110000317.html
Solaris Resources
Wed, June 14, 2023 at 4:00 a.m. PD
Adventus Mining and Salazar Resources Provide an Update on El Domo - Curipamba Copper-Gold Project, including Execution Advancement Milestones
https://www.newswire.ca/news-releases/adventus-mining-and-salazar-resources-provide-an-update-on-el-domo-curipamba-copper-gold-project-including-execution-advancement-milestones-818200066.html
Adventus Mining Corporation 05 Jun, 2023, 06:45 ET
TORONTO, June 5, 2023 /CNW/ - Adventus Mining Corporation ("Adventus Mining") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQX: SRLZF
Adventus/Salazar: President of Ecuador Signs Environmental Consultation Decree Clearing the Path for the Final Stage of Environmental Licensing for El Domo - Curipamba Project
https://www.newswire.ca/news-releases/president-of-ecuador-signs-environmental-consultation-decree-clearing-the-path-for-the-final-stage-of-environmental-licensing-for-el-domo-curipamba-project-833013063.html
Adventus Mining Corporation 01 Jun, 2023, 10:21 ET
TORONTO, June 1, 2023 /CNW/ - Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQX: SRLZF) (collectively the "Participants") are pleased to announce that the President of Ecuador has signed the new environmental consultation regulation decree (the "Decree") in compliance with the Ecuadorian Constitutional Court decision. This Decree applies to activities in all sectors and enterprises in Ecuador requiring environmental licenses and will govern the formal consultation process required for all Environmental and Social Impact Assessments ("ESIA"). For the El Domo - Curipamba Project ("El Domo"), this Decree allows El Domo to move to the next step of the environmental licensing process, which follows the technical ESIA approval granted by the Government of Ecuador in May 2022 (see May 31, 2022, Adventus news release).
The Decree lays out the steps for the new environmental consultation process, including two rounds of formal community consultations led by the Government of Ecuador. These community consultations are expected to be similar to the many community consultations led by the Participants since the discovery of El Domo deposit in 2008. Current guidance from the Government of Ecuador is that the consultation process is expected to require four to six months to the signing and issuance of the environmental licence for El Domo construction. This suggests that full construction activities could therefore begin as early as in October 2023.
During this period, the Participants expect to finalize four other necessary permits for construction to begin, including: (a) Water No Affect Permit (for discharge and covering potential impact to any water sources), (b) Water Usage Permit (surface water capture during construction), (c) Tailings Dam and Waste Storage Approval Permit (certificate of technical feasibility in hand), and (d) Explosives Permit. The permits have advanced well through early 2023 with strong government engagement, which followed the publication of the El Domo feasibility study and submission of the ESIA report in December 2021.
About Adventus Mining
Adventus Mining Corporation is an Ecuador-focused copper-gold exploration and development company. Adventus Mining is majority owner of the 215 sq. km Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. In addition, Adventus Mining is engaged in a country-wide exploration alliance in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Outside of Ecuador, Adventus Mining owns an exploration project portfolio in Ireland with South32 Limited as the funding participant. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus Mining is based in Toronto, Canada, and is listed on the TSX Venture Exchange under the symbol ADZN and trades on the OTCQX under the symbol ADVZF.
About Salazar
Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development. The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release contains "forward -looking information" within the meaning of applicable Canadian ?securities laws. Forward-looking statements are based on the beliefs, expectations, and opinions of the ?management of the Participants as of the date the statement is published, and the Participants assume no ?obligation to update any forward-looking statement, except as required by law. In certain cases, forward–?looking statements can be identified by the use of words such as "plans", "expects", "outlook", ??"guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or ?variations of such words and phrases or statements that certain actions, events or results "may", "could", ??"would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable ?terminology.?
Forward-looking information herein includes, but is not limited to, statements that address activities, events, or developments that Adventus Mining and Salazar expect or anticipate will or may occur in the future. Although Adventus Mining and Salazar have 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, and 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. Adventus Mining and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.
SOURCE Adventus Mining Corporation
For further information: For further information from Adventus Mining, please contact Christian Kargl-Simard, President and Chief Executive Officer, at +1-416-230-3440 or christian@adventusmining.com. Please also visit the Adventus Mining website at www.adventusmining.com. For further information from Salazar Resources, please contact Freddy D. Salazar, Manager - Corporate Development, at +593 98 548 9355 or dsalazar@salazarresources.com. Please also visit the Salazar Resources website at www.salazarresources.com.
Solaris Reports Highest Grades to Date in Second Porphyry Centre Outside Resource at Warintza East, with 301m of 0.65% CuEq from Surface Ending in 31m of 0.76% CuEq
https://ca.finance.yahoo.com/news/solaris-reports-highest-grades-date-111700676.html
Solaris Resources
Thu, June 1, 2023 at 4:17 a.m. PDT
LUNDIN GOLD REPORTS FIRST QUARTER OF 2023 RESULTS
https://www.newswire.ca/news-releases/lundin-gold-reports-first-quarter-of-2023-results-886626333.html
Lundin Gold Inc. 10 May, 2023, 19:30 ET
Momentum From 2022 Continues with Strong Production and Cost Performance
VANCOUVER, BC, May 10, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF
Luminex Hits Long High-Grade Intercept in New Breccia Pipe at Cuyes; 33 Metres of 5.4 g/t Au Eq
https://www.newswire.ca/news-releases/luminex-hits-long-high-grade-intercept-in-new-breccia-pipe-at-cuyes-33-metres-of-5-4-g-t-au-eq-869424525.html
Luminex Resources Corp. 18 May, 2023, 07:00 ET
LUNDIN GOLD REPORTS HIGH GRADE INTERCEPTS FROM ITS NEAR-MINE PROGRAM, LEADING TO EXPANSION OF THE PROGRAM IN 2023
https://www.newswire.ca/news-releases/lundin-gold-reports-high-grade-intercepts-from-its-near-mine-program-leading-to-expansion-of-the-program-in-2023-896997275.html
Lundin Gold Inc. May 04, 2023, 18:00 ET
VANCOUVER, BC, May 4, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Solaris Confirms Discovery of Second Porphyry Center with Stronger Mineralization, Higher Grade Growth Potential at Warintza East
https://ca.finance.yahoo.com/news/solaris-confirms-discovery-second-porphyry-110000737.html
Solaris Resources
Tue, May 2, 2023 at 4:00 a.m. PDT·6 min read
Figure 1 - Core Photos from SLSE-28
Figure 1 - Core Photos from SLSE-28
Figure 2 – Plan View of Warintza East Drilling Released to Date
Figure 2 – Plan View of Warintza East Drilling Released to Date
VANCOUVER, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is pleased to confirm the discovery of a second and more intensely mineralized porphyry center 350m south of the original discovery at Warintza East. The new discovery holds potential for notably improved grades in further growth at the Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador. Highlights are listed below, with corresponding images in Figures 1-2.
Figure 1 – Core Photos from SLSE-28
Figure 1 - Core Photos from SLSE-28
Note to Figure 1: the southern porphyry center at Warintza East is characterized by chalcopyrite-pyrite-molybdenite mineralization in stockwork veins with green/grey sericite haloes and disseminations in potassic-altered andesite porphyry cut by intermineral quartz-diorite porphyry. The total sulphide abundance is significantly greater than the original discovery.
Highlights
Warintza East was discovered in July 2021, with eight holes included in the Warintza Central Mineral Resource Estimate (“MRE”)¹ in April 2022 and subsequent drilling significantly expanding the dimensions of the deposit – the latest drilling in SLSE-28 has confirmed the discovery of a second and more intensely mineralized porphyry center 350m south of the original discovery
SLSE-28 was drilled vertically to the limit of the KD-200 rig at 309m with strong mineralization from 19m to the end of the hole characterized by chalcopyrite-pyrite-molybdenite in stockwork veins and disseminations, similar to the high grade portions of the Warintza Central deposit
Full assay results from SLSE-28 are expected within four to six weeks while follow-up hole
SLSE-29 (in progress) is being drilled southeast from a recently constructed platform testing the extension of this new porphyry center up to 200m to the east in this area
This new porphyry center is located on the southern margin of Warintza East drilling and correlates with mineralization encountered in the high grade portion of prior hole SLSE-16 in this area (192m of 0.70% CuEq² - refer to press release dated April 3, 2023)
The reader should be cautioned that only assay results from a certified third-party laboratory can confirm whether concentrations of metals are present in these drill holes and, as such, visual core characterization presented herein should be viewed as speculative in nature
MRE drilling program continues: the 2022 MRE is based on drilling to the end of 2021, with ongoing drilling aimed at expanding the ‘Indicative Starter Pit’³ and overall mineral resources, notably from the Warintza East deposit
Figure 2 – Plan View of Warintza East Drilling Released to Date
Figure 2 – Plan View of Warintza East Drilling Released to Date
Endnotes
Refer to Solaris’ technical report titled, “NI 43-101 Technical Report for the Warintza Project, Ecuador” with an effective date of April 1, 2022, prepared by Mario E. Rossi and filed on the Company’s SEDAR profile at www.sedar.com.
Copper-equivalence calculated as: CuEq (%) = Cu (%) + 4.0476 × Mo (%) + 0.487 × Au (g/t), utilizing metal prices of US$3.50/lb Cu, US$15.00/lb Mo, and US$1,500/oz Au, and assumes recoveries of 90% Cu, 85% Mo, and 70% Au based on preliminary metallurgical test work. For additional details on drill hole SLSE-16, refer to press release dated April 3, 2023: 192m of 0.70% CuEq (0.59% Cu, 0.02% Mo, 0.07 g/t Au) within a broader interval of 712m of 0.45% CuEq (0.36% Cu, 0.02% Mo, 0.05 g/t Au) from surface.
Within the MRE, the ‘Indicative Starter Pit’ is comprised of Indicated mineral resources of 180 Mt at 0.82% CuEq (0.67% Cu, 0.03% Mo, 0.07 g/t Au) and Inferred mineral resources of 107 Mt at 0.73% CuEq (0.64% Cu, 0.02% Mo, 0.05 g/t Au) above a 0.6% CuEq cut-off grade. No economic analysis has been completed by the Company and there is no guarantee an ‘Indicative Starter Pit’ will be realized or prove to be economic. The ‘Indicative Starter Pit’ is based on the same assumptions as the MRE except utilized metal prices of US$1.00/lb Cu, US$7.50/lb Mo, and US$750/oz Au.
Technical Information and Quality Control & Quality Assurance
Sample assay results have been independently monitored through a quality control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a secured Company facility located in Quito, Ecuador. Drill core is cut in half on site and samples are securely transported to ALS Labs in Quito. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver, Canada for analysis. Total copper and molybdenum contents are determined by four-acid digestion with AAS finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris. Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. Details on the surface sampling conducted at the Project are set out in the technical report titled, “NI 43-101 Technical Report for the Warintza Project, Ecuador” with an effective date of April 1, 2022, prepared by Mario E. Rossi and available on the Company’s SEDAR profile and website. The drillhole data has been verified by Jorge Fierro, M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Jorge Fierro, M.Sc., DIC, PG, Vice President Exploration of Solaris who is a “Qualified Person” as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects. Jorge Fierro is a Registered Professional Geologist through the SME (registered member #4279075).
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: jwagenaar@solarisresources.com
About Solaris Resources Inc.
Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the Americas, which includes: its primary focus, a world class large-scale resource with expansion and discovery potential at the Warintza Project in Ecuador; discovery potential at its Ricardo Project and Tamarugo Project in Chile; discovery potential at its Capricho and Paco Orco projects in Peru; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that a second and more intensely mineralized porphyry center was discovered 350m south of the original discovery at Warintza East and holds potential for notably improved grades in further growth at the Warintza Project, and that full assay results from SLSE-28 are expected within four to six weeks while follow-up hole SLSE-29 (in progress) is being drilled southeast from a recently constructed platform testing the extension of this new porphyry center up to 200m to the east in this area. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. These statements are based on a variety of assumptions including assumptions made about the Company’s ability to advance exploration efforts at the Warintza Project; the results of such exploration efforts; and the Company’s ability to achieve its growth objectives. These statements also 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 the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis, for the year ended December 31, 2022 available at www.sedar.com. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a244eb37-8109-400d-a020-5d2225c5ec9d
https://www.globenewswire.com/NewsRoom/AttachmentNg/455a85f1-80f0-4827-865c-181a41e2e186
Aurania Announces Proposed 2023 Exploration Activities
https://www.newsfilecorp.com/release/162286
Toronto, Ontario--(Newsfile Corp. - April 13, 2023) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce its proposed 2023 exploration activities.
As the concessions for its mineral properties in Ecuador are fully renewed and in good standing for another year after payment of all concession fees in March, the Company is able to develop the 2023 exploration programs.
Aurania attended the Prospector's and Developer's Association of Canada meeting (PDAC) in Toronto the first week of March, and we were delighted by the interest shown by several Major companies in our Ecuador asset. As a result of follow-up meetings there are now several companies in our data room. The primary interest has been in our porphyry copper and sediment-hosted copper-silver prospects.
To date, approximately 45% of the Awacha Porphyry Target has been covered by "Anaconda-style Mapping." This is an intensive mapping technique that was originally developed by the famous Anaconda Copper Company, and has been taught to the Aurania geological staff by consultant Dr. Steve Garwin. This target is approximately 11 km x 5 km in size and was discovered by stream sediment sampling which showed elevated copper and molybdenum in the vicinity of two strong airborne magnetic anomalies. This size is significantly larger than any copper porphyry known and so our working hypothesis is that it is a cluster of porphyries, and similar to the Warintza cluster to the south of our concessions. Intrusive rock types from gabbro to diorite to monzonite and syenite have been mapped. Many of these intrusives show secondary biotite (potassic) alteration and fine quartz veins containing molybdenite or a centre line of chalcopyrite. These so called distinctive "B veins" are classic evidence of mineralized porphyry systems. An independent explanation of B veins can be found at: https://www.youtube.com/watch?v=gL0WzJ70z3s.
Figure 1: Quartz vein with centre line of chalcopyrite, covellite and pyrite. US cent for scale.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/162286_9d00971f443bea07_001full.jpg
Most of the Awacha area is covered by a unit of black shale which obscures the geology except where streams have cut down through the sediments and exposed the porphyry. The area is also covered by thick jungle. Nevertheless, Terraspec Mineral Spectrometer analysis of soils in the southern half of the anomaly indicates chlorite, kaolinite, white micas, dickite and pyrophyllite which are compatible with porphyry-style alteration. The last two minerals are typically found in the upper part of porphyry systems.
Copper soil anomalies are patchy, which is in keeping with soil results seen near outcropping sediment hosted copper elsewhere on the property. It would seem that copper is easily flushed away from surface soils by the significant rainfall in the area. Molybdenum however, which is essentially insoluble and immobile presents a much more coherent group of anomalies. Half of the Awacha target is still to be sampled for soils.
The reinterpretation of the surficial geology and structure in the areas of outcropping sediment-hosted copper-silver and zinc-lead-silver has generated a large number of compelling drill targets (see press release dated October 17, 2022). This copper-silver-zinc system across the concessions is 38 kilometres in lngth and is open to the north over an additional 15 kilometres. We believe this is perhaps one of the best areas of the property to find an economic ore deposit, considering the numerous high assays already yielded to date. A few areas are highlighted for follow-up, but we concede that a comprehensive programme here is more appropriate for a Major mining company partner.
The Tatasham epithermal gold/porphyry copper target is compelling due to the presence of what are believed to be pipe breccias. The area is, however, in steep terrain and the geology is mostly covered by post-mineral sedimentary cover and does not outcrop. Soil samples along the ridgeline above the previous porphyry drilling campaign yielded anomalous antimony, which is a pathfinder element in gold systems. An additional soil survey is required at Tatasham to extend the antimony anomaly that is still open to the north. Intensive mapping and prospecting are required. The discovery of the epithermal system at Tatasham was unexpected, in our pursuit of a copper porphyry target indicated by geophysics. That porphyry target is still valid, but it may lie at considerable depth, or it may lie laterally.
Over the next six months it is intended to finish the Anaconda mapping on Awacha, and bring it to drill readiness. At the same time, Tatasham will be re-examined in the belief that the antimony anomaly in soils may be due to a subcropping mineralized system. The Fruta del Norte gold deposit was discovered by drilling a geochemical anomaly of antimony, arsenic and mercury which had virtually no gold on surface. Aurania is currently investigating the feasibility of conducting an Induced Polarization (IP) geophysical survey at Tatasham and Awacha.
The proposed exploration programmes are dependent on raising further funding. The proceeds of the current private placement (as announced on March 13, 2023 and March 23, 2023) to date, have been applied to concession fees and general and administrative expenses.
Qualified Person
The geological information contained in this news release has been verified and approved by Aurania's VP Exploration, Mr. Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
Carolyn Muir VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the Company's teams being on track ahead of any drill program, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the ability to anticipate and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and copper; and. those risks set out in the Company's public documents filed on SEDAR. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Luminex Discovers New Mineralized Breccia Pipe Adjacent to Cuyes West; 20 metres of 4.78 g/t Au Eq and 15 Metres of 6.68 g/t Au Eq
https://www.newswire.ca/news-releases/luminex-discovers-new-mineralized-breccia-pipe-adjacent-to-cuyes-west-20-metres-of-4-78-g-t-au-eq-and-15-metres-of-6-68-g-t-au-eq-837267608.html
Luminex Resources Corp. Apr 11, 2023, 07:00 ET
Cuyes West Drilling Highlights:
CU23-20 – 211.0 metres grading 1.18 g/t Au Eq, including 20.0 metres grading 4.78 g/t Au Eq
CU23-22 – 211.0 metres grading 1.16 g/t Au Eq, including 15.0 metres grading 6.68 g/t Au Eq
VANCOUVER, BC, April 11, 2023 /CNW/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)
Solaris Discovers New Porphyry Southwest of Warintza Central, with Values up to 1.6% Cu and 630 ppm Mo in Outcrop Sampling
https://ca.finance.yahoo.com/news/solaris-discovers-porphyry-southwest-warintza-110000423.html
Solaris Resources
Tue, April 11, 2023 at 4:00 a.m. PDT·
LUNDIN GOLD REPORTS ALL TIME HIGH QUARTERLY PRODUCTION OF 140,021 OUNCES OF GOLD IN THE FIRST QUARTER OF 2023
https://www.newswire.ca/news-releases/lundin-gold-reports-all-time-high-quarterly-production-of-140-021-ounces-of-gold-in-the-first-quarter-of-2023-813142935.html
Lundin Gold Inc. Apr 05, 2023, 17:00 ET
VANCOUVER, BC, April 5, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG)
Solaris Intersects 626m of 0.50% CuEq From Surface in Expansion Drilling at Warintza East and Identifies Second, Higher Grade Porphyry Center Opening Southern Extension Potential
https://ca.finance.yahoo.com/news/solaris-intersects-626m-0-50-110000981.html
Solaris Resources
Mon, April 3, 2023 at 4:00 a.m. PDT
ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL EL DOMO UNDERGROUND DEPOSIT DRILLING RESULTS INCLUDING 14 METRES OF 4.44% COPPER EQUIVALENT
https://www.newswire.ca/news-releases/adventus-and-salazar-announce-additional-el-domo-underground-deposit-drilling-results-including-14-metres-of-4-44-copper-equivalent-805196354.html
Adventus Mining Corporation Mar 20, 2023, 09:44 ET
TORONTO, March 20, 2023 /CNW/ - Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF
Solaris Reports 186m of 0.64% CuEq From Near Surface, Continues to Expand ‘Indicative Starter Pit’ at Warintza Central
https://ca.finance.yahoo.com/news/solaris-reports-186m-0-64-113000560.html
Solaris Resources
Mon, March 13, 2023 at 4:30 a.m. PDT
LUNDIN GOLD ADDS 1.58 MILLION OUNCES OF GOLD TO FRUTA DEL NORTE ORIGINAL MINERAL RESERVES, MORE THAN REPLACING MINED MINERAL RESERVES SINCE THE BEGINNING OF OPERATIONS
https://www.newswire.ca/news-releases/lundin-gold-adds-1-58-million-ounces-of-gold-to-fruta-del-norte-original-mineral-reserves-more-than-replacing-mined-mineral-reserves-since-the-beginning-of-operations-806815039.html
Lundin Gold Inc. Feb 27, 2023, 08:00 ET
Updated Mineral Reserves at Fruta del Norte of 5.02 million ounces
VANCOUVER, BC, Feb. 27, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF
LUNDIN GOLD REPORTS FOURTH QUARTER AND FULL YEAR RESULTS
https://www.newswire.ca/news-releases/lundin-gold-reports-fourth-quarter-and-full-year-results-835454433.html
Lundin Gold Inc. Feb 23, 2023, 19:30 ET
Production and Cost Performance Beats Guidance for Second Year Running
VANCOUVER, BC, Feb. 23, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Luminex Extends Cuyes West to Depth, with 5.0m grading 14.47g/t Au Eq and Identifies Wider, High-grade Zone Including 3.0m Grading 39.87 g/t Au Eq
https://www.newswire.ca/news-releases/luminex-extends-cuyes-west-to-depth-with-5-0m-grading-14-47g-t-au-eq-and-identifies-wider-high-grade-zone-including-3-0m-grading-39-87-g-t-au-eq-870359640.html
Luminex Resources Corp. Mar 03, 2023, 06:30 ET
Cuyes West Drilling Highlights:
CU23-17 – 27.0 metres grading 3.71 g/t Au Eq including 5.0 metres grading 14.47 g/t Au Eq
CU23-18 – 3.0 metres grading 39.87 g/t Au Eq and 31.0 metres grading 1.47 g/t Au Eq
VANCOUVER, BC, March 3, 2023 /CNW/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)
Cornerstone Announces Completion of Merger with SolGold
https://ca.finance.yahoo.com/news/cornerstone-announces-completion-merger-solgold-133800564.html
Cornerstone Capital Resources Inc.
Fri, February 24, 2023 at 5:38 a.m. PST·2 min read
OTTAWA, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone”) (TSXV:CGP; OTC:CTNXF; FWB:GWN1) is pleased to announce the completion of the plan of arrangement (the “Arrangement”) with SolGold plc (LSE:SOLG; TSX:SOLG) (“SolGold”) (as previously announced in Cornerstone’s October 7, 2022 press release) effective February 24, 2023. Cornerstone is now a wholly-owned subsidiary of SolGold.
In connection with the Arrangement, SolGold acquired all of the issued and outstanding common shares of Cornerstone (the “Cornerstone Shares”), other than the Cornerstone Shares already held, directly or indirectly, by SolGold. In particular, holders of Cornerstone Shares (“Cornerstone Shareholders”), other than SolGold, received 15 SolGold ordinary shares (“SolGold Shares”) for each Cornerstone Share held. The SolGold Shares that were issued pursuant to the Arrangement have been admitted to the standard listing segment of the Official List of the UK Financial Conduct Authority and have been admitted for listing and trading on the Main Market of the London Stock Exchange and the Toronto Stock Exchange under the symbol “SOLG”, subject only to the satisfaction of customary listing conditions.
The Cornerstone Shares are expected to be de-listed from the TSX Venture Exchange after the close of trading on February 28, 2023. It is also expected that the Cornerstone Shares will cease trading on the OTC Pink Market and Frankfurt Stock Exchange. SolGold will cause Cornerstone to apply to the relevant Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws.
Further details regarding the Arrangement are available in the management information circular of Cornerstone dated December 7, 2022 (the “Circular”). In order to receive the consideration to which they are entitled in connection with the Arrangement, each registered Cornerstone Shareholder is encouraged to complete, sign, date and return a letter of transmittal, together with the share certificate(s) or DRS Advice Statement(s) representing their Cornerstone Shares, to the depositary, Computershare Investor Services Inc., as soon as possible. Copies of the Circular and the letter of transmittal are available on Cornerstone’s SEDAR profile at www.sedar.com.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including a direct & indirect interest in the Cascabel gold-enriched copper porphyry in northwest Ecuador.
For further information, please contact:
ir@cornerstoneresources.ca
Cautionary Notice:
This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. This forward-looking information includes or relates to, among other things: the satisfaction of customary listing conditions of the London Stock Exchange and Toronto Stock Exchange in connection with the listing of the SolGold Shares issued pursuant to the Arrangement; the anticipated timing of the de-listing of the Cornerstone Shares from the TSX Venture Exchange and removal of the Cornerstone Shares from the OTC Pink Market and the Frankfurt Stock Exchange; and Cornerstone’s application to cease to be a reporting issuer under applicable Canadian securities laws. 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 information involves and is subject to known and unknown risks, uncertainties and other factors beyond Cornerstone’s control that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry; the failure to satisfy the customary listing conditions of the London Stock Exchange and Toronto Stock Exchange in connection with the listing of the SolGold Shares issued pursuant to the Arrangement; and other risks inherent to the business carried out by Cornerstone and/or factors beyond its control which could have a material adverse effect on Cornerstone. Although Cornerstone 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 any forward-looking information. Cornerstone does not undertake any obligation to disseminate any updates or revisions to such forward-looking information, except as required by the policies of the TSX Venture Exchange or in accordance with applicable Canadian securities laws.
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.
Dundee Precious Metals Announces Significant Diamond Drilling Results at Tierras Coloradas, Ecuador; Results Include Drill Intercept of 17.3 metres at 46.09 g/t Au
https://ca.finance.yahoo.com/news/dundee-precious-metals-announces-significant-114500276.html
Dundee Precious Metals, Inc.
Mon, February 27, 2023 at 3:45 a.m. PST·
LUNDIN GOLD ADDS 1.58 MILLION OUNCES OF GOLD TO FRUTA DEL NORTE ORIGINAL MINERAL RESERVES, MORE THAN REPLACING MINED MINERAL RESERVES SINCE THE BEGINNING OF OPERATIONS
https://www.newswire.ca/news-releases/lundin-gold-adds-1-58-million-ounces-of-gold-to-fruta-del-norte-original-mineral-reserves-more-than-replacing-mined-mineral-reserves-since-the-beginning-of-operations-806815039.html
Lundin Gold Inc. Feb 27, 2023, 08:00 ET
Updated Mineral Reserves at Fruta del Norte of 5.02 million ounces
VANCOUVER, BC, Feb. 27, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
LUNDIN GOLD REPORTS FOURTH QUARTER AND FULL YEAR RESULTS
https://www.newswire.ca/news-releases/lundin-gold-reports-fourth-quarter-and-full-year-results-835454433.html
Lundin Gold Inc. Feb 23, 2023, 19:30 ET
Production and Cost Performance Beats Guidance for Second Year Running
VANCOUVER, BC, Feb. 23, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
ADVENTUS AND SALAZAR ANNOUNCE ADDITIONAL EL DOMO UNDERGROUND DEPOSIT DRILLING RESULTS INCLUDING 21 METRES OF 6.03% COPPER EQUIVALENT
https://www.newswire.ca/news-releases/adventus-and-salazar-announce-additional-el-domo-underground-deposit-drilling-results-including-21-metres-of-6-03-copper-equivalent-850782936.html
Adventus Mining Corporation Feb 27, 2023, 06:45 ET
TORONTO, Feb. 27, 2023 /CNW/ - Adventus Mining Corporation ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF)
Solaris Expands Warintza West to 1.2km by 0.7km, Identifies New Potential
https://ca.finance.yahoo.com/news/solaris-expands-warintza-west-1-123000322.html
Solaris Resources
Mon, February 13, 2023 at 4:30 a.m. PS
Lucky Minerals Discovers Gold in the Initial 384 Metres of Drilling at Wayka
https://www.accesswire.com/738272/Lucky-Minerals-Discovers-Gold-in-the-Initial-384-Metres-of-Drilling-at-Wayka
Tuesday, February 7, 2023 7:30 AM
VANCOUVER, BC / ACCESSWIRE / February 7, 2023 / Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY)
LUNDIN GOLD REPORTS PROMISING RESULTS FROM THE FIRST ROUND OF NEAR-MINE EXPLORATION DRILLING AT FRUTA DEL NORTE
https://www.newswire.ca/news-releases/lundin-gold-reports-promising-results-from-the-first-round-of-near-mine-exploration-drilling-at-fruta-del-norte-876664072.html
Lundin Gold Inc. Jan 26, 2023, 18:00 ET
VANCOUVER, BC, Jan. 26, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Luminex Hits with Cuyes West Step-out Holes: 4.0m Grading 19.35 g/t Au Eq and 2.5m Grading 18.54 g/t Au Eq
https://www.newswire.ca/news-releases/luminex-hits-with-cuyes-west-step-out-holes-4-0m-grading-19-35-g-t-au-eq-and-2-5m-grading-18-54-g-t-au-eq-883270434.html
Luminex Resources Corp. Jan 24, 2023, 06:30 ET
Solaris Reports High Recoveries of Over 90% Copper and 80% Molybdenum from Warintza Project Metallurgical Test Work
https://ca.finance.yahoo.com/news/solaris-reports-high-recoveries-over-123000561.html
Solaris Resources
Mon, January 23, 2023 at 4:30 a.m. PST
Solaris Significantly Expands Warintza East Discovery in Continued Extensional Drilling
https://ca.finance.yahoo.com/news/solaris-significantly-expands-warintza-east-120000307.html
Solaris Resources
Tue, January 17, 2023 at 4:00 a.m. PST
LUNDIN GOLD BEATS 2022 GUIDANCE WITH GOLD PRODUCTION OF 476,329 OUNCES
https://www.newswire.ca/news-releases/lundin-gold-beats-2022-guidance-with-gold-production-of-476-329-ounces-824481888.html
Lundin Gold Inc. Jan 09, 2023, 17:00 ET
VANCOUVER, BC, Jan. 9, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Atico Receives Approval of its EIA for the Construction and Operation of the 69 kV Powerline and Substation at its La Plata Project, Ecuador
https://ca.finance.yahoo.com/news/atico-receives-approval-eia-construction-211700849.html
Atico Mining Corporation
Thu, January 12, 2023 at 1:17 p.m. PST·3 min read
VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce that it has received approval of the Environmental Impact Assessment (“EIA”) for the construction, operation, maintenance and closure of the 69 kV powerline and substation required for its 100% owned La Plata mining project in Ecuador (the “La Plata project”).
The Environmental Ministry of Ecuador, known as “Ministerio del Ambiente, Agua y Transición Ecológica” (“MAATE”) has reviewed and delivered a favorable technical review for the 6.5 km powerline that will power the operations of the La Plata project. The La Plata project has been identified by the President of Ecuador, Guillermo Lasso as a strategic project and a component of the country’s economic growth strategy.
The EIA baseline process for the powerline started over 2 years ago when Atico signed an agreement with the country’s National Electricity Corporation (CNEL). CNEL along with the Company’s team, independent environmental experts as well as qualified professionals were responsible for delivering the complete design, network integration and permitting of the powerline. The powerline allows the interconnection of the La Plata Project’s substation to the existing La Palma substation which will integrate the La Plata project to the national power grid.
Mr. Alain Bureau, President of Atico stated, “We are very pleased to announce the receipt of the EIA approval allowing the La Plata project to be connected to the national power grid. This approval is the result of a systematic review of all aspects and benefits this project brings to the region and another significant step towards construction.” Mr. Alain Bureau continued, “I would like to thank CNEL and Atico’s engineers and technicians for their tremendous teamwork and for delivering a study of such high quality.”
The approval of the EIA is a key milestone towards allowing the Company to begin construction of the new process plant facility. This approval enables the Company to advance on its normal course to complete the environmental hearings as per the Country’s legislations while the Company remains confident all permits, and public hearings, will be completed during 2023.
La Plata Project
Gold-bearing sulphide mineralization at La Plata occurs as compositional banding composed of chalcopyrite, sphalerite and pyrite laminae with barite occurring as clasts and also as layers. The mineralised lenses have also been dislocated by a few faults and dolerite dikes cutting the body.
The La Plata project is amongst the highest-grade gold-copper VMS deposits in which base and precious metal mineralization is interpreted to have formed as part of multiple volcanic episodes that created a stacked volcanic-exhalite hydrothermal sequence considered favorable for hosting additional VMS lenses. The recent drilling results in the southern portion of the deposit have encountered deeper mineralisation, and an extension of mineralisation to the north has been discovered by recent trenching results.
The La Plata independent Preliminary Economic Assessment (“PEA”) dated March 30th 2019, was prepared pursuant to National Instrument 43-101 (“NI 43-101”) and reports the La Plata inferred resources at 1.9 million tons at an average grade of 4.1 g/t Au, 49.4g/t silver, 3.3% Cu, 4.5% Zn, 0.6% Pb as available on SEDAR.
The La Plata project consists of two concessions covering a total area of 2,300 hectares along its 9-kilometer length, which contains known mineralization in two VMS lenses and nine priority exploration targets.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTC: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
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.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. 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 expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized or not long-term; disruptions related to the COVID-19 pandemic or other health and safety issues, or the responses of governments, communities, the Company and others to such pandemic or other issues; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com
Cornerstone Shareholders Approve Arrangement with SolGold
https://ca.finance.yahoo.com/news/cornerstone-shareholders-approve-arrangement-solgold-171600578.html
Cornerstone Capital Resources Inc.
Mon, January 9, 2023 at 9:16 a.m. PST·2 min read
OTTAWA, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone”) (TSXV:CGP; OTC:CTNXF; FWB:GWN1) is pleased to announce that at a special shareholder meeting held today (the “Meeting”), holders of common shares of Cornerstone (“Cornerstone Shareholders”) voted overwhelmingly in favour of the special resolution (the “Arrangement Resolution”) approving the previously-announced plan of arrangement (the “Arrangement”) pursuant to which SolGold plc (LSE:SOLG; TSX:SOLG) (“SolGold”) will acquire all of the issued and outstanding common shares of Cornerstone (the “Cornerstone Shares”), other than the Cornerstone Shares already held, directly or indirectly, by SolGold.
The Arrangement Resolution was approved by 99.98% of the votes cast by Cornerstone Shareholders present at the virtual Meeting or represented by proxy and entitled to vote at the Meeting (99.97% excluding the votes cast by Cornerstone Shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions).
Greg Chamandy, Chairman of Cornerstone, and Brooke Macdonald, President and Chief Executive Officer of Cornerstone, jointly stated:
“We thank our shareholders for the near unanimous support of the merger with SolGold. We are very excited about the future prospects of SolGold under the strong leadership of Scott Caldwell. We look forward to being SolGold shareholders as the strategic review will now be the number one priority to ensure all shareholders are appropriately rewarded for supporting the extraordinary discovery at Cascabel.”
Cornerstone will seek a final order of the Court of King’s Bench of Alberta to approve the Arrangement at a hearing scheduled to be held on January 10, 2023. Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions to closing, the Arrangement is expected to close in late January 2023.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including a direct & indirect interest in the Cascabel gold-enriched copper porphyry in northwest Ecuador
For further information, please contact:
Cornerstone
Brooke Macdonald (CEO)
ir@cornerstoneresources.ca
Cautionary Notice:
This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. This forward-looking information includes or relates to, among other things, the anticipated benefits of SolGold’s new strategic direction and the anticipated timing of the hearing in respect of the final order and closing of the Arrangement. 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 information involves and is subject to known and unknown risks, uncertainties and other factors beyond Cornerstone’s control that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future mineral prices; accidents, labour disputes and shortages and other risks of the mining industry; the possibility that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, court approval and other conditions of closing necessary to complete the Arrangement or for other reasons; the failure to realize the expected benefits of the Arrangement; and other risks inherent to the business carried out by Cornerstone and/or factors beyond its control which could have a material adverse effect on Cornerstone or its ability to complete the Arrangement. Although Cornerstone 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 any forward-looking information. Cornerstone does not undertake any obligation to disseminate any updates or revisions to such forward-looking information, except as required by the policies of the TSX Venture Exchange or in accordance with applicable Canadian securities laws.
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.
Solaris and Government of Ecuador Sign Investment Contract for Warintza Project, Securing Investment Protections, Regulatory and Fiscal Stability, and Tax Incentives
https://ca.finance.yahoo.com/news/solaris-government-ecuador-sign-investment-170000132.html
Solaris Resources
Thu, December 22, 2022 at 9:00 a.m. PST·2 min read
VANCOUVER, British Columbia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or “the Company”) is pleased to announce that Solaris and the Government of Ecuador have signed the Investment Contract for the Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador, which ratifies the Investment Protection Agreement (“IPA”) previously announced on June 9, 2022.
Mr. Daniel Earle, President & CEO, commented: “We are very grateful to the Government of Ecuador and our host communities for their support in reaching this major milestone. The Investment Contract provides a foundation of certainty, significantly de-risking the Warintza Project by securing a stable regulatory and fiscal framework with international legal protections for the Project while also enhancing its returns through permanent new tax incentives.”
Highlights
The Investment Contract provides for the following protections and incentives for the duration of the title of the Project which extends with renewal to 2066:
Security of investment
Stability of mining law
Stability of taxes at a reduced income tax rate of 20% (25% previously)
Exemption from capital outflow tax (5% previously)
Exemption from import duties (up to 5% previously)
Detailed procedures for dispute resolution and international arbitration protection
Mr. Julio José Prado, Minister of Production, Foreign Trade, Investment, and Fisheries of the Government of Ecuador, stated, “I want to thank Solaris for the commitment with the country and with Morona Santiago, it is an example of sustainable mining, responsible with the environment and the communities. Since the first contacts in the Ecuador Open for Business event, we have worked for a year and today we signed the Investment Contract. The Warintza Project has a very important influence, and they are working with the community in an exemplary manner; this will allow more development and prosperity for the zone and for Ecuador.”
Mr. Fernando Santos Alvite, Minister of Energy and Mines of the Government of Ecuador, stated, "I wish the best of success to the Warintza Project. This is a very important project for the country in terms of scale and investment. It is also important for what it represents, which is a great commitment and understanding between the communities and the Company.”
Mr. Vicente Tsakimp, Lead Coordinator of the Warintza Project Strategic Alliance, stated, “The Warints and Yawi Shuar Centers are glad that the Warintza Project is advancing and that we are part of it. Our work and coordination with the Company are an example that participatory mining can be done, and we are proud of everything we have achieved.”
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: jwagenaar@solarisresources.com
About Solaris Resources Inc.
Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the Americas, which includes: its primary focus, a world class large-scale resource with expansion and discovery potential at the Warintza Project in Ecuador; discovery potential at its Ricardo Project and optioned and owned grass-roots Tamarugo Project in Chile; discovery potential at its Capricho and Paco Orco projects in Peru; and significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture project with a subsidiary of Teck Resources in Mexico.
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and “expected” and similar expressions are intended to identify forward-looking statements. These statements include statements that the Investment Contract provides a foundation of certainty, significantly de-risking the Warintza Project by securing a stable regulatory and fiscal framework with international legal protections while also enhancing its returns through permanent new tax incentives, the Investment Contract provides for the following incentives for the duration of the title of the Project which extends to 2066 with renewal: security of investment, stability of mining law, stability of taxes at a reduced income tax rate of 20% (25% previously), exemption from capital outflow tax (5% previously), exemption from import duties (up to 5% previously), and detailed procedures for dispute resolution and international arbitration protection. Although Solaris believes that the expectations reflected in such forward-looking statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-looking statements. These statements are based on a variety of assumptions including assumptions made about the Company’s ability to advance efforts at the Warintza Project; and the Company’s ability to achieve its growth objectives. These statements also 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 the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis for the year ended December 31, 2021 available at www.sedar.com. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Solaris does not undertake any obligation to publicly update or revise any of these forward-looking statements except as may be required by applicable securities laws.
Lucky Minerals: Kelly Zone Channel 20 Returns 1.04 G/T Gold Across 13 Metres at the Wayka Project
https://www.accesswire.com/731222/Kelly-Zone-Channel-20-Returns-104-GT-Gold-Across-13-Metres-at-the-Wayka-Project
Monday, December 12, 2022 7:30 AM
VANCOUVER, BC / ACCESSWIRE / December 12, 2022 / Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) ("Lucky" or the "Company") is pleased to announce it continues geological mapping, trenching and channel sampling at the Wayka epithermal gold discovery at its 100% owned 55,000 hectare Fortuna Property ("Fortuna") in Ecuador.
Wayka lies along an elevated ridge that trends northeast with elevations ranging from approximately 3,600 metres to 3,700 metres above sea level and is bound to the East by the El Buitre Porphyry and to the West by the Emma Porphyry.
Channel 20 returns 1.04 g/t gold across 13 metres in the Kelly Zone. This new channel was designed to follow up Trench 12 which was previously reported (see News Release - October 25, 2021) with an average of 1.21 g/t gold across 10 metres. Trench 12 was oriented in a northeast direction which is the general trend of many structures in the area. Channel 20 was completed to cut across the structure, where outcrop availability makes it possible.
Rock saw channel sampling was completed within a breccia zone with subrounded to subangular fragments comprised of mostly altered dacite, some remnant fragments of meta-granite and schist in a silica-limonite matrix, with mainly silicified and advanced argillic altered fragments. It lies within a large breccia structure measuring, based on outcrop availability, at least 60 metres by 25 metres, and remains open in all directions with a general trend to the northeast. Furthermore, Channel 20 remains open in both directions. Please see below a sample and assay table as well as a trench geology and sample location map.
Mineralized breccia in Kelly Zone now measured to be 60 metres by 25 metres and is open in all directions
Channel 20: Sample and Assay Table
Wayka Trench and Channel Geology & Sample Map
Both Channel 20 and Trench 12 lie within a breccia zone that coincides with a mag low. Below is a map of an aerial photo that is overlain by an image showing a mag low (blue area). This map includes the location of Channels 15, 20 and Trench 12. It also shows the interpreted size (to date) of the breccia zone (area within dashed red lines) of approximately 60 metres by 25 metres, and which remains open in all directions. Also shown are proposed channels P-1, P-2 and P-3 which is an extension of Channel 15 to the northwest.
The location of this breccia zone which coincides with a magnetic low is significant, even more so by the fact that these breccias do carry gold. The low mag anomalies result from the passage of hydrothermal fluids through rocks which destroy magnetite and cause the low magnetic signatures. The fluids alter the rocks producing alteration zones such as silicification and advanced argillic altered rocks which we have identified in the Kelly breccia zone.
Map of an aerial photo that is overlain by a mag low image (blue area) showing area of the breccia zone, and proposed new channels
Francois Perron President and CEO states "Work at Wayka's Kelly Zone is continuing. The geological team is expanding the scale of the mineralized system at surface, and it remains open in all directions. The mineralization in this area is hosted in volcanic rocks which is different than that observed at the Discovery Zone 700m to the South. This area is exciting as it coincides with a magnetic low which highlights the potential of the other areas with a similar magnetic signature in and around Wayka."
As geological field work at Wayka continues, we anticipate our understanding of the mineralized system to improve as more detailed work is completed. At present, Wayka has been observed to remain open in all directions.
Fortuna - Next Steps
Wayka
Current field work is focused on surface trenching around the Kelly and Discovery zones. There are approximately 60 gold assays pending.
QA/QC Protocols
All exploration work is completed following QA/QC protocols and include the insertion of a coarse blank, a standard and duplicate sample on every batch of 25 samples.
Samples are being submitted to ALS Chemex Labs in Quito for preparation work, and the analytical work is completed at their lab facility in Lima, Peru. ALS Chemex is an ISO certified and accredited laboratory. Results will be released as they are received.
About Lucky
Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a 100% interest in the Fortuna Property.
The Company's Fortuna Project is comprised of twelve contiguous, 550 km2 (55,000 Hectares, or 136,000 Acres) exploration concessions. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.
Covid-19 Safety Protocols
Lucky Minerals has strict rules in place for all workers arriving to and from field sites. All personnel are tested upon arriving and leaving and are tested every two weeks. All personnel are housed in separate and private accommodations and are isolated from the community.
Qualified Person
Victor Jaramillo, M.Sc.A., P.Geo., Lucky's Exploration Manager and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Fortuna Project for Lucky Minerals and has reviewed and approved the technical information contained in this news release.
ON BEHALF OF THE BOARD
"Francois Perron"
Chief Executive Officer
Further information on Lucky can be found on the Company's website at www.luckyminerals.com and at www.sedar.com, or by contacting Francois Perron, President and CEO, by email at investors@luckyminerals.com or by telephone at (866) 924 6484.
Or by contacting:
Renmark Financial Communications Inc.
Kerry Schacter: kschacter@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve 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. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters. This list is not exhaustive of the factors that may affect the Company's forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations also include risks detailed from time to time in the filings made by the Company with securities regulators.
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. The reader is cautioned not to place undue reliance on any forward-looking information. 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 news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will not update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
SOURCE: Lucky Minerals Inc.
Adventus Mining and Salazar Announce Additional Drilling Results for El Domo Underground - Including 9.46 metres of 8.83% Copper Equivalent
https://www.newswire.ca/news-releases/adventus-mining-and-salazar-announce-additional-drilling-results-for-el-domo-underground-including-9-46-metres-of-8-83-copper-equivalent-818528817.html
Adventus Mining Corporation Dec 07, 2022, 06:45 ET
Lucky Minerals: Wayka's Kelly Zone: Channel 15 Returns 0.23 g/t Gold Over 13.0 Metres, Including 0.36 g/t Gold Over 4.0 Metres
https://www.accesswire.com/729551/Waykas-Kelly-Zone-Channel-15-Returns-023-gt-Gold-Over-130-Metres-Including-036-gt-Gold-Over-40-Metres
Thursday, December 1, 2022 7:30 AM
VANCOUVER, BC / ACCESSWIRE / December 1, 2022 / Lucky Minerals Inc.(TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY)
LUNDIN GOLD THREE YEAR OUTLOOK ANTICIPATES CONTINUED GROWTH IN GOLD PRODUCTION FROM FRUTA DEL NORTE
https://www.newswire.ca/news-releases/lundin-gold-three-year-outlook-anticipates-continued-growth-in-gold-production-from-fruta-del-norte-860996958.html
Lundin Gold Inc. Nov 29, 2022, 17:00 ET
2023 production estimated between 425,000 to 475,000 ounces
VANCOUVER, BC, Nov. 29, 2022 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Solaris Reports 108m of 1.20% CuEq From Near Surface, Continues to Expand ‘Indicative Starter Pit’ at Warintza Central
https://ca.finance.yahoo.com/news/solaris-reports-108m-1-20-120000422.html
Solaris Resources
Mon, December 5, 2022 at 4:00 a.m
Luminex Continues to Expand Cuyes West High-Grade Underground Mineralization; 7.0 Metres of 12.2 g/t Au Eq
https://www.newswire.ca/news-releases/luminex-continues-to-expand-cuyes-west-high-grade-underground-mineralization-7-0-metres-of-12-2-g-t-au-eq-835197352.html
Luminex Resources Corp. Dec 05, 2022, 06:30 ET
LUNDIN GOLD REPORTS SIGNIFICANT DRILLING INTERCEPTS FROM ITS CONVERSION PROGRAM AT THE FRUTA DEL NORTE DEPOSIT
https://www.newswire.ca/news-releases/lundin-gold-reports-significant-drilling-intercepts-from-its-conversion-program-at-the-fruta-del-norte-deposit-847100701.html
Lundin Gold Inc. Nov 21, 2022, 17:00 ET
VANCOUVER, BC, Nov. 21, 2022 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF)
Salazar Announces Award of Mining Contract for El Domo Copper-Gold Project
https://www.newsfilecorp.com/release/144692
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2022) - SALAZAR RESOURCES LIMITED (TSXV: SRL) (OTCQX: SRLZF) (FSE: CCG) ("Salazar" or the "Company") is pleased to announce that negotiations have concluded for the award of the open pit mining contract to a joint-venture between STRACON S.A., a well-established Peruvian mining contractor with operations throughout the Americas, and RIPCONCIV, a large and respected Ecuadorian infrastructure construction contractor ("STRACON-RIPCONCIV JV") for the development of the El Domo - Curipamba copper-gold project located in central Ecuador (the "Project").
The mining contract has been structured in an alliance-partnership model to ensure focus on the best solutions for the Project and the optimal allocation of risks to the parties best equipped to manage and mitigate. The contract term is for a duration of 48-months which is projected to include the construction period as well as the first two years of operations. There is an option for the contract with STRACON-RIPCONCIV JV to be extended upon mutual agreement between the parties.
Said Company President and CEO Mr. Fredy Salazar, "We are extremely pleased that this contract has been finalized and thank Christian Kargl-Simard and the Adventus team for their efforts in achieving this key milestone. The contract has been awarded to a very strong group and we look forward to the work beginning and moving El Domo towards production."
This contract is the largest anticipated to be awarded for the Project and includes scope generally consisting of open pit pre-strip and mining, and construction of the tailings facility, waste rock facilities, and associated mine infrastructure.
About Salazar Resources
Salazar Resources is focused on creating value and positive change through discovery, exploration and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines.
Salazar Resources has a wholly-owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organisation dedicated to sustainable progress through economic development.
For further information about Salazar Resources, please contact Merlin Marr-Johnson, Executive Vice President and Corporate Secretary, at merlin@salazarresources.com or ir@salazarresources.com or at +1 604 685 9316.
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.
Luminex Announces Positive Exploration Drilling Results for Copper at El Hito and Orquideas
https://www.newswire.ca/news-releases/luminex-announces-positive-exploration-drilling-results-for-copper-at-el-hito-and-orquideas-856148570.html
Luminex Resources Corp. Nov 15, 2022, 07:00 ET
Aurania Defines Porphyry Drill Targets at Tatasham in Ecuador
https://www.newsfilecorp.com/release/144457
Toronto, Ontario--(Newsfile Corp. - November 16, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce that results of the intensive "Anaconda method" mapping program (see press releases dated August 8, 2022 and September 26, 2022) at the Company's Tatasham target together with Infra-Red (IR) spectrometry (Terraspec), soil geochemical results, airborne magnetics and the MobileMT ("MMT") survey have enabled Aurania's exploration team to define porphyry drill target areas at Aurania's Lost Cities-Cutucu project in southeastern Ecuador (the "Project"). Drilling is expected to commence at Tatasham around the end of November/beginning of December.
The Anaconda mapping at Tatasham took place over an area of three-square kilometres ("km") where the soil geochemistry anomalies coincided with the magnetic high. In parallel, IR spectrometry (Terraspec) was conducted on a selection of rock samples collected during the mapping program. Magnetic data collected during the 2017 airborne survey on the Project was merged with the data collected during the MMT survey that was flown interpolated between the 2017 survey lines. The interpretation of the combined data has resulted in a new magnetic inversion that is more accurate than the previous version.
The magnetic inversion shows the presence of a low magnetic area lying within the major high magnetic anomaly. This low magnetic is interpreted to be a classic de-magnetization of the rock by hydrothermal alteration related to the core of a porphyry system. The IR spectrometry (Terraspec) study shows the presence of hydrothermal alteration zones characterized by illite over the magnetic low anomaly that extends in the west part along a major N-trending ridge, which is inferred to represent a regional structure. Mapped zones of elevated fracture abundance and silicification are coinciding with the illite alteration zone (see fig. 1). Mapping also highlighted a central region of elevated goethite / hematite ratios, which is inferred to represent the oxidation of rocks with elevated chalcopyrite / pyrite ratios (see fig. 2).
The data was reviewed by Senior Technical Advisor, Dr. Steven Garwin, together with Aurania's exploration team to define specific target areas for the upcoming drill program planned at Tatasham. The target areas of interest are distributed over 3.5 km along the anomalous N-trending ridge and are planned to test the following:
The middle part of a zone of interest, characterized by northerly-trending, illite- and silica-alteration zones, elevated goethite / hematite and a magnetic high and adjacent magnetic low;
An area beneath an outcrop of NE-trending, sheeted quartz veins that lie along the southern margin of a magnetic high; and
The northern extent of the mapped illite alteration zone which is also a major MMT conductive zone.
The planned program at Tatasham is an iterative process and will be subject to change as drilling progresses.
Figure 1: Total magnetic intensity inversion map at 1200m above sea level (ASL) with the silicification from the mapping and the hydrothermal alterations from the IR spectrometry (Terraspec) study. Illite is a high temperature clay mineral that is a common component of porphyry alteration systems. Smectite is also a clay mineral that results from hydrothermal alteration at lower temperatures.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/144457_d8a28644c4a49a95_001full.jpg
Figure 2: Total magnetic intensity inversion map at 1200m ASL with the copper / zinc ratio from the soil geochemistry results and the goethite / hematite ratio from the mapping.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/144457_d8a28644c4a49a95_002full.jpg
Qualified Person
The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com
Click here to sign up for Aurania news updates.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about: Aurania's objectives, goals or future plans, statements, exploration and drilling results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents, an inability to access financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania, a failure to comply with environmental regulations and a weakening of market and industry reliance on precious metals and copper. Aurania cautions the reader that the above list of risk factors is not exhaustive.
Adventus Mining and Salazar Announce Additional Drilling Results for El Domo Underground - Including 5.50 metres of 7.58% Copper Equivalent
https://www.newswire.ca/news-releases/adventus-mining-and-salazar-announce-additional-drilling-results-for-el-domo-underground-including-5-50-metres-of-7-58-copper-equivalent-865242203.html
Adventus Mining Corporation Nov 15, 2022, 06:45 ET
TORONTO, Nov. 15, 2022 /CNW/ - Adventus Mining Corporation ("Adventus Mining") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSXV: SRL) (OTCQB: SRLZF)
LUNDIN GOLD ANNOUNCES STRONG THIRD QUARTER RESULTS AND IS FIRMLY ON TRACK TO ACHIEVE HIGH END OF GOLD PRODUCTION GUIDANCE FOR 2022
https://www.newswire.ca/news-releases/lundin-gold-announces-strong-third-quarter-results-and-is-firmly-on-track-to-achieve-high-end-of-gold-production-guidance-for-2022-803070723.html
Lundin Gold Inc. Nov 08, 2022, 17:30 ET
Fruta del Norte achieves gold production of 355,190 oz and an AISC¹ of $785/oz sold in the first nine months of 2022
VANCOUVER, BC, Nov. 8, 2022 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF
Solaris Significantly Expands Warintza East Discovery
https://ca.finance.yahoo.com/news/solaris-significantly-expands-warintza-east-123000678.html
Solaris Resources
Mon, November 14, 2022 at 4:30 a.m.
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