Peru Mining

[Lone Clone]

PPX Mining Announces Production Completion of Major Plant Equipment for its Plant Under Construction

https://www.accessnewswire.com/newsroom/en/metals-and-mining/ppx-mining-announces-production-completion-of-major-plant-equipment-for-its-plant-1005780

Wednesday, 26 March 2025 03:30 PM

TORONTO, ON / ACCESS Newswire / March 26, 2025 / PPX Mining Corp. (TSX.V:PPX)(BVL:PPX) (the "Company" or "PPX") is pleased to announce that major plant equipment purchased from Shandong Xinhai Mining Technology & Equipment Inc. ("Xinhai") is now ready to ship. As disclosed in previous releases, PPX is currently building a 350 tpd CIL & Flotation plant at its Igor Project, located in Peru.

The equipment includes:

All crushing plant units, feeder, jaw crusher, cone crusher vibrating screen and conveyors. This equipment will reduce the mined ore to a particle size of less than 12 mm.

Metal detectors and an electromagnet. This auxiliary equipment will remove any tramp steel.

A belt weigh scale.

Two ball mills, 7 feet in diameter and 12 feet long. The order also includes mill overflow pumps, cyclones and a thickener to further reduce the ore particle size to 80% less than 150 microns. The usage of this equipment is to liberate the gold and silver minerals. Oxide ore will be subsequently leached in a carbon in leach circuit, with an expected recovery of 85-90% gold and 50-60% silver. In the case of sulfide ore, the liberated minerals are recovered by flotation producing a high silver and gold content concentrate that has a ready market.

Flotation cells have also been purchased, together with a filter press to recover flotation concentrate as a filter cake. Pumps and a thickener are also ready to ship.

All major motors (for mills and the crushers) are manufactured by WEG or Siemens.

The leach tanks and agitators will be supplied by a Peruvian company with a proven track record for supplying this equipment, with the motors and gearboxes manufactured in Germany. As previously shown in test work, the use of "carbon in leach" technology will reduce the effect of naturally occurring carbon in the ore, maximizing the gold recovery.

The recovery of gold and silver from the activated carbon produced on the carbon in leach circuit will use a "Pressure Zadra Elution" process with electrowinning of gold and silver from the elution solution. Smelting precipitated from electrowinning will produce "Dore Bullion", an alloy of gold and silver, which will be further refined to produce "Good Delivery" gold and silver, outside Peru.

The equipment produced by Xinhai had already been inspected by a specialized company in China and pictures of some of the equipment are shown below.

John Thomas, CEO commented that this is major milestone in our plant planning schedule. Civil construction is progressing and should be largely ready when the equipment arrives at site.

Picture 1: 7ft. diameter, 12 ft. long ball mill



Picture 2: Cyclone fitted to manifold



Picture 3: Cyclone feed pumps, rubber lined



Picture 4: Flotation cells



Picture 5: Jaw Crusher



About PPX Mining Corp:

PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.

All scientific and technical information in this press release has been reviewed and approved by John Thomas, P. Eng., who is the CEO of the Company and a qualified person under the definitions established by National Instrument 43-101.

On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:

This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "should," or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory approvals in connection with this transaction. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward- looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

SOURCE: PPX Mining Corp.

[Lone Clone]

Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru

https://www.globenewswire.com/news-release/2025/03/26/3049577/0/en/Rio-Silver-Acquires-the-Minas-Maria-Norte-Project-in-a-Prolific-Mining-District-in-Southern-Peru.html

March 26, 2025 08:00 ET | Source: Rio Silver, Inc.

VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF) announces that it has signed a definitive agreement for the acquisition of the Minas Maria Norte (“Maria Norte” or the “Property”) high grade polymetallic silver, exploitation / exploitation property, from Peruvian Metals Corp. (“Peruvian”) (TSX-V PER) being subject to regulatory approval.

The Property is located in Southern Peru in the historic Huachocolpa Mining District, Municipality of Huancavelica. The Property has been held by Peruvian for the past 18 years adjacent to significant silver production with announced world class expansion plans. Previous exploration campaigns by Peruvian shows that the property hosts many polymetallic veins with significant gold credits. Located in the heart of the prolific Huachocolpa Silver District, environmentally friendly hydro power, good infrastructure, labor and logistical support is available.

Two significant mineral processing flotation plants operate nearby: Compañia Minera Kolpa plant at 1440 tonnes per day and SilverX Mining’s (“SilverX”) plant called Recuperada at 720 tonnes per day These plants are located 8 km and 13 Km respectively from Maria Norte. In addition, SilverX’s Tangana Mining Unit which is part of their Nueva Recuperada project is currently in production and is located 2.5 km to the southwest of Maria Norte. It appears that the sub-parallel mineralized structures on Maria Norte are similar to the mineralized structures on the Tangana Mining Unit. SilverX completed a Preliminary Economic Assessment of the area and is published on Sedarplus in April 2023.

The Maria Norte property is 368 hectares in size covering numerous, Au-Ag-Zn-Pb veins that display evidence of historic artisanal exploitation. Five gold-bearing polymetallic structures were mapped by the Company’s geologists and remain open along strike. The lengths of the structures as currently mapped are 40 to 400 meters with variable widths from 0.15 to 4 meters and occur in a vein corridor nearly 600 meters wide

The main structure at Maria Norte, the Castorindo Zone, has provided the highest-grade gold values from within the land package, having five samples ranging in width from 0.18 to 0.70 meters and assaying 13.5 to 40.3 grams per tonne gold along with 162.9 to 1,128 grams per tonne silver. High-grade silver (1,848 grams per tonne) was also encountered at the Jess structure on a sample 0.3 meter in width. Other veins not yet mapped include five samples with widths of 0.2 to 0.7 meters with gold values ranging from 0.89 to 1.55 grams per tonne, silver values ranging from 82.8 to 682 grams per tonne, and up to 4.3 per cent zinc and 9.7 per cent lead.

Also included in the acquisition is a small, isolated concession covering 33 hectares south of Maria Norte main concession block. Sampling and mapping by Peruvian’s geologists identified a mineralized structured believed to be a small portion of the principal vein structure known as Tangana West, a component of the SilverX Mining Corp.’s Nueva Recuperada Project, Huancavelica.

Acquisition Terms

Rio Silver will acquire from Peruvian its wholly own Peruvian subsidiary which holds the concessions. Consideration includes a cash downpayment of $15,000 CDN and the issuance of 15 million Rio Silver common shares and 5 million warrants. The warrants will have a strike price of CAD $0.05 per share and an exercise period of 2 years. Cash payments totaling US$250,000 will be also payable over a 5 year period. A net smelter royalty will be granted Peruvian in an amount equal to 1.5%, after subtracting the Minimum Royalty Payments semi-annually.

Rio Silver CEO Chris Verrico stated, “We are very excited for the potential of Maria Norte to drive shareholder value enabling the Company to re-direct its focus to the pursuit of near term cash flow potential and the prospect of significant organic growth, strategically made possible in the very important Huachocolpa Mining District.

Maria Norte is directly adjacent to and on trend with active mine production with demonstrated world class silver potential that speaks volumes for the Company’s expectations for advancement towards sustainability.

We believe that this acquisition and it’s potential development will be aided by the Company’s other royalty streams and is well supported by Peru’s unique small mines permitting regime which can accelerate the initial development. We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies and continued growth, as is currently evident by the tremendous investment being witnessed, throughout Peru.”

We remain ever impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse supportive mining policies ensuring continued growth and opportunity throughout Peru.

About Rio Silver

Rio Silver is a resource company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near term cashflow to best assist the Company’s exploration / development plans, in a non-dilutive, shareholder friendly way.

Jeffrey Reeder, P.Geo., a qualified person as defined in National Instrument 43-101, has supervised the preparation, and approved the scientific and technical disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.

For further information,

Christopher Verrico, President, CEO
Tel: [phone]
Email: [e-mail]
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the completion of the Acquisition, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Lone Clone]

Palamina Extends Known Gold Mineralization in the Sol De Oro North Zone at the Usicayos Gold Project

https://www.newsfilecorp.com/release/245902/Palamina-Extends-Known-Gold-Mineralization-in-the-Sol-De-Oro-North-Zone-at-the-Usicayos-Gold-Project

March 25, 2025 8:30 AM EDT | Source: Palamina Corp.

Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) announces assay results from field work completed in February of 2025 in the Sol de Oro ("SDO") North zone at its 100% owned Usicayos gold project in Peru. Limited mapping and sampling programs are being completed in advance of a planned 2025 drill program.

Highlights:

A broad new mineralized shear zone identified southeast of SDO North
The new mineralized shear zone is located midway between the SDO North and SDO East zones indicating strong continuity over a +1km strike length
Target area for SDO North resource definition drilling program has doubled in width

Andrew Thomson, President of Palamina, commented, "In 2024, Palamina's first two drill holes ever in the SDO North zone identified two broad zones of continuous gold mineralization open to the south, east and at depth. In February of 2025, our field crews have extended the initial 500 x 200 metre wide zone by another 200 metres to the south east. In 2025, a drill program is planned to test the SDO N zone to the south and test the juncture of the SDO North and SDO South zones."



Figure 1: Planned 2025 drill target areas to test extension of SDO N to the south and juncture of SDO N & SDO S structures

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/245902_4545dd67945af9c1_002full.jpg

Palamina's most recent mapping and sampling program identified a new shear zone located approximately 200 metres southeast of the SDO North mineralized zones. Individual mineralized shears within the broader zone are approximately 2 metres thick at surface and dip at a low angle to the south. Gold is associated with quartz veining within the shear zone. Continuous channel sampling in this area yielded up to 1m @ 7.86 g/t Au (see Figure 2 below). These shear zones are interpreted to be subparallel to the mineralized zones identified in drill holes USI24-07 (35m @MB (52m @ 0.72 g/t Au including 8m @ 2.59 g/t Au). Palamina geologists believe that the SDO North mineralized zones may potentially be continuous where systematic drilling is required to define the full extent and continuity of the mineralized envelope.

A further mineralized shear zone was identified 150 metres further east where two channel samples yielded up to 1m @No Moderator and USI2-03, may represent the northern extension of the SDO East zone and be part of a continuous corridor of gold-bearing shear zones linking the SDO East and SDO North zones.



Figure 2: Surface 1 metre channel sample results in the SDO North and northern extension of the SDO East zones

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/245902_4545dd67945af9c1_005full.jpg

In 2025, Palamina plans to complete a drilling program to begin to define a gold resource at SDO North, test the juncture of the SDO North and SDO South zones at depth and complete an inaugural round of drilling in the Cayos zone. Drilling is planned once the rainy season ends and road access is completed.

Sampling, QA/QC, and Analytical Procedures

Palamina follows systematic and rigorous sampling and analytical protocols which meet industry standards. These protocols are summarized below.

Palamina quality assurance/quality control ("QA/QC") protocol is implemented on all its exploration projects. Prior to delivery of samples to the analytical laboratory, Palamina QA/QC staff insert coarse and fine blank samples, field duplicates and certified standards into the sample stream with the objective to provide a check on precision, accuracy, and potential contamination issues in the laboratory. To assure best practice compliance, assay results are only reported once the results of internal QA/QC procedures have been reviewed and approved. Samples are collected and transported by Palamina personnel to the Certimin S.A preparation facility in Juliaca, Peru where they are processed and then sent for assay to the Certimin S.A. laboratory in Lima, Peru.

The Company uses both Fire Assay and metallic screening methodology to obtain accurate gold results, considering the presence of coarse gold. Metallic screening is a method designed to quantify the proportion of coarse gold in deposits where it has been observed. Metallic screening is used by Palamina only for intervals where quartz veining or presence of sulfides indicates possible coarse gold mineralization. At Usicayos, coarse gold has been observed both in drill core and in outcrops of the shear zone. Unlike conventional Fire Assay, where a 30g or 50g sample is analyzed, metallic screening requires a 1kg sample, which, following initial preparation, is screened to separate a fine grained portion (less than 106 microns) from a coarse grained one (over 106 microns). The fine-grained sub-sample is assayed using 30g nominal fire assay, while the coarse portion is assayed in its entirety. Each portion is weighed and a weighted average of both portions is reported. This method better quantifies the coarse grained portion.

The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca, P. Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice-President, Exploration of Palamina.

About Palamina Corp.

Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a 15.4% equity interest in Winshear Gold Corp. (TSXV: WINS) and a 2% NSR royalty on all their Peruvian projects. Palamina has 71,634,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.

On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: [phone] or visit www.palamina.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements include, but are not limited to, the Company's future business and exploration plans. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.

SOURCE: Palamina Corp.

[Lone Clone]

Excellon Reports Sampling over 9 g/t Gold and 1,000 g/t Silver at Tres Cerros

https://www.newsfilecorp.com/release/245538/Excellon-Reports-Sampling-over-9-gt-Gold-and-1000-gt-Silver-at-Tres-Cerros

March 21, 2025 8:00 AM EDT | Source: Excellon Resources Inc.

Toronto, Ontario--(Newsfile Corp. - March 21, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2)

[Lone Clone]

Hannan Outlines 750 m Long and up to 192 m Wide Outcropping Copper Mineralization at Previsto, Peru

https://www.newsfilecorp.com/release/245394/Hannan-Outlines-750-m-Long-and-up-to-192-m-Wide-Outcropping-Copper-Mineralization-at-Previsto-Peru

March 20, 2025 6:30 AM EDT | Source: Hannan Metals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - March 20, 2025) - Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") is pleased to report the identification of a significant copper porphyry target at its 100%-owned Previsto project in Peru (Figure 1).

Systematic channel sampling across four parallel creeks has confirmed 750 m of continuous copper mineralization with widths up to 192 m. The target is located only 1,300 m from the previously identified high-grade alkalic gold mineralization where Hannan recently trenched 69.1 m @ 2.4 g/t Au reported on 06 February 2025.

Highlights:

Expanded Mineral System: Identification of a significant copper porphyry target at Previsto, located only 1,300 m from the previously identified gold mineralization (69.1 m @ 2.4 g/t Au), substantially expands the project's potential (Figure 2).

Proven Strike Continuity: Systematic channel sampling across 4 parallel creeks (spaced 130 m to- 290 m apart) confirms 750 m of continuous mineralization with widths up to 192 m (Figures 2 and 3). Mineralization remains open under cover to the north, south, and east.

Copper Grades: Surface sampling indicates consistent copper mineralization despite extensive leaching, suggesting potential for higher grades in unweathered (hypogene) zones. Results from 768.7 m of channel sampling include:

CH15447: 48.0 m @ 0.12% Cu

CH15430: 107.0 m @ 0.09% Cu

CH14555: 126.0 m @ 0.22% Cu (reported here)

CH15391: 192.0 m @ 0.17% Cu (reported here)

Continued Exploration: A team of 5 geologists and 10 support staff are back on the ground to expand and further delineate the gold-copper mineralization at Previsto.

Michael Hudson, CEO, states: "While our focus remains on the exciting alakalic gold system at Previsto, the identification of this extensive and adjacent copper porphyry system, situated just 1,300 m from our recently announced high-grade gold identification, demonstrates the district-scale potential we are unlocking in this emerging mineral belt. Systematic channel sampling has revealed consistent copper mineralization over significant widths despite surface leaching, suggesting the potential for higher grades at depth in unweathered zones.

"What's particularly exciting is the 750 m strike length with widths up to 192 m that remain open in multiple directions. This further validates our exploration approach across the Valiente project, where we continue to identify multiple mineralized centres within this previously unrecognized metallogenic belt.

"With our team back on the ground and actively expanding both the gold and copper mineralization at Previsto, while simultaneously preparing for our first drill program at Belen in Q2 2025, we are systematically advancing this large-scale alkalic gold-copper system across multiple fronts."

Geological Discussion

Systematic channel sampling has delineated copper mineralization over a 750 m strike length and up to 192 m width at Previsto, extending from the previously announced intercept of 126 m @ 0.22% Cu. The mineralized system exhibits unusual porphyry-style alteration and mineralization characteristics.

The central portion displays moderate to strong phyllic alteration dominated by vanadium-rich mica and pyrite, with a discrete 25 m zone of potassic alteration and localized relics of intermediate argillic alteration. Primary sulphide mineralization consists of disseminated pyrite (1% to 5%) with subordinate chalcopyrite (up to 1%). Surface exposures show significant leaching with development of secondary copper minerals (malachite, neotocite) and hematite along fractures. Multiple stockwork vein assemblages are present, including pyrite-magnetite-hematite, pyrite-chalcopyrite-fluorite, and carbonate-quartz-molybdenite-chalcopyrite.

Alteration and mineralization exhibit systematic spatial variations. Northern channels contain more intense phyllic alteration with increased pyrite content (2% to10%), traces of chalcopyrite and molybdenite, and distinctive carbonate-molybdenite-chalcopyrite and roscoelite veins. The southern channels (including CH15430) maintain strong phyllic alteration with vanadium-rich mica zones, consistent pyrite (1% to -5%) and chalcopyrite (up to 1%), and similar stockwork veining.

The mineralized footprint has been defined by 20 channel samples with the longest continuous interval measuring 192 m. Minor gaps between channels result from colluvial cover. The system remains open for expansion to the north, south, and locally to the east, suggesting potential for a significantly larger mineralized body.

About the Valiente Project

The 100% owned Valiente project is in central eastern Peru, east of the city of Tingo Maria (Figures 1 and 2). The area is characterized by steep topography on the eastern flank of the Central Cordillera with elevations between 800 m and 2,000 m above sea level (a.s.l.). The project was discovered in 2021 during an extensive greenfields prospecting program initiated by Hannan for back-arc porphyry copper-gold systems. The Company has been actively prospecting on the project since 2021 and has successfully gained social permits progressively in all areas of interest.

During 2021 Hannan staked and still holds 1,002 km2 of 100% owned mining concessions at Valiente covering unexplored terrain for potential mineralized porphyry targets in central eastern Peru. The Valiente Project has rapidly evolved from a greenfields prospect to a multi-prospect opportunity.

Early surface prospecting discovered two outcropping copper-gold porphyry targets and one epithermal target at Belen (see Press Release Feb 16, 2023). Porphyry discoveries quickly followed at Serrano Norte, Serrano and Pucacunga. The focus more recently has been on Previsto. At Previsto and Belen, a district-scale porphyry cluster within an area of 25 km by 10 km, with eight porphyry and/or epithermal targets now identified in more detail with up to 10 earlier stage targets awaiting further work.

Hannan has achieved critical permitting milestones at the Belen Project in Peru. In November 2024, the company received the Declaracion de Impacto Ambiental (DIA) or Environmental Impact Statement from Peru's Ministry of Mines, which approved 40 drill platforms across 702 hectares. The Company also received the Authorization for Exploration Activities permit (the "permit") in February 2025 following the previously announced DIA (Environmental Impact Statement) approval. The Permit allows Hannan to start drill access work for 40 approved platforms within the 702-hectare Belen area. it is expected to commence at Belen in Q2 2025, while Hannan continues to unravel the large scale alkalic gold-copper mineral system at Previsto

The company is executing a multi-year strategy to systematically explore and drill test its extensive land package in this emerging Miocene-aged linked porphyry-epithermal mineral belt.

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using trackable parcels and by company staff. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest performed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Gold was analyzed in rock and soils by ALS in Lima using a standard sample preparation and 30g fire assay sample charge. Soil samples were analyzed by a portable XRF (VANTA-VMR) using an inhouse protocol which includes routine use of CRM and field duplicates as well as 10% check samples analyzed by ALS Lima.

About Hannan Metals Limited (TSXV: HAN) (OTC Pink: HANNF)

Hannan Metals Limited is a natural resources and exploration company developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru. Hannan is a top ten in-country explorer by area in Peru.

Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary
[phone], [e-mail]


Forward-Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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.



To view an enhanced version of this graphic, please visit:
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SOURCE: Hannan Metals Ltd.

[Lone Clone]

Condor Provides Update on Exploration Priorities and Plans

Drilling programs at Huinac Punta (1,500m) and Pucamayo (2,000m) planned for Spring 2025 to advance our two priority exploration projects

https://www.accessnewswire.com/newsroom/en/metals-and-mining/condor-provides-update-on-exploration-priorities-and-plans-1002109

Wednesday, 19 March 2025 07:30 AM

VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to provide an update on its exploration activities in Peru and ongoing discussions on other projects. With continued delays with the Pucamayo South East DIA application, the Company is shifting its focus to drill programs at Huinac Punta and Pucamayo East, which are both fully permitted and available for drill programs to commence in the coming months once weather conditions improve. A program at Pucamayo South East is delayed as the Company continues to work with the Peruvian Ministry of Energy and Mines ("MEM") to advance the Declaración de Impacto Ambiental ("DIA") application which continues to face bureaucratic hurdles.

Chris Buncic, President and CEO, commented, "We had a very fruitful conference at the PDAC in early March at which our peers and investors were impressed with our corporate prospects at each of Pucamayo, Huinac Punta, Cobreorco and Rio Bravo among others. Additional delays with the Pucamayo South East DIA application are leading us to refocus our efforts as the drilling season approaches. We will continue to advance our DIA application with a number of next steps to pursue while at the same time driving forward on our many other opportunities".

Huinac Punta

Following the receipt of the Initiation of Activities designation, in effect the final drill permit, at the Huinac Punta project last year, Condor acquired additional exploration concessions at the high-grade silver prospect, expanding the property size from 2,000 to 7,200 hectares (Ha). Management believes Huiñac Punta has the potential to host a large, carbonate replacement style (CRD) silver-dominant polymetallic mineralized body.

Sampling of existing surface exposures recovered mineralization including high-grade Ag and elevated Cu, Zn, Pb and Co values. Of 163 two-metre rock chip samples collected by Condor, 28 samples reported silver grades greater than 100 g/t and included bonanza grades in two-metre chip samples of 4,115 and 3,225 g/t Ag. Evidence of historical workings from Spanish colonial times is present with several accessible historical adits showing evidence of the elevated silver values associated in addition to other metals.

The company anticipates an initial Phase 1 drill program of 1500m in the coming months when access is more reliable due to weather constraints.

Pucamayo

The drill program at Pucamayo East in late 2023 was largely successful in confirming a hydromagmatic center associated with broad zones of Epithermal-type high to intermediate sulfidation alteration and Au, Ag and base metal mineralization. It demonstrated encouraging high values of Au-Ag, with Cu, Pb, and Zn hosted within ledges of hydrothermal breccias overprinting to porphyry halo alteration evident below this mineralized epithermal assemblage, collectively providing a strong motivation to continue exploration efforts on the property in search of a significant bulk tonnage discovery. Further details can be found in the Company's February 13th 2024 Press Release HERE.

Six of the nine drillholes tested the extent of high to intermediate sulphidation type epithermal gold and silver bearing outcropping ledges of breccia and four of these (PUC-E-001, 007, 008 and 009) intersected near surface gold-silver-poly metallic intervals ranging from 3.8m to 52.2m, and grades from 0.1 to 1.1 g/t AuEq. Two holes (PUC-E-002 and 003) drilled to the east and collared higher in elevation encountered barren steam heated host rocks interpreted to lie above the mineralized zones intersected in PUC-E-001, 007, 008 & 009. These intersected ledges of calcedonic breccias are of critical interest since they demonstrate a multi event of fluidizations with silica and vuggy clasts. It can be theorized that due to the type of breccia and the alteration textures seen, only the top of the system has been accessed thus far, vectoring towards higher grades at depth.

Three deeper holes (PUC-E-004, 005, and 006) tested an outcropping area of multi-phase stockwork and alteration associated with anomalous gold and copper with associated IP chargeability and resistivity anomalies interpreted to be an intrusive related system. The best of these, PUC-E-005 intersected a 72.5 interval from 190-262.5m grading 0.45 g/t Au, 30 g/t Ag (0.83 g/t AuEq) including a 2 m high grade interval of 11.43 g/t Au, 687 g/t Ag (18.96 g/t AuEq). PUC-E-006 intersected a 2m interval grading 7.97 g/t Au, 20.9 g/t Ag (8.26 g/t AuEq). All three of these holes encountered extensive amounts of pyrite and discontinuous zinc, copper, and lead mineralization associated with argillic/phyllic altered andesitic/dioritic host rocks.

In April 2024, Condor completed a drone supported magnetic survey to encompass the interpreted hydro-magmatic centers.

Following management's review of the 2023 drill program results and the completion of the additional magnetic study, a Phase 2 drill program of 2,000m is planned to target zones of expected epithermal and porphyry mineralization.

In August 2024, Condor submitted its Declaración de Impacto Ambiental ("DIA") application to the Peruvian Ministry of Energy and Mines ("MEM") for the expanded Pucamayo South East area. The Company subsequently received follow-up questions from the MEM in November and December, with responses submitted in mid-January. The Company has received DGAAM directorial resolution disapproving the DIA application. In all, 26 new observations were provided which are not substantive and can be corrected. Without having been given an opportunity to address these deficiencies, management is confident that the Company will be successful in an Appeal for Reconsideration with the DGAAM of the MINEM based on new evidence. This is a typical path in applications for DIAs within Peru, and often results in applications being approved after the technical questions are sufficiently addressed. Management believes that the Company's application will similarly be approved in time. In the meantime, the additional bureaucratic delay is motivation for a shift towards our other meaningful exploration alternatives.

Rio Bravo

Since the announcement of the confirmation of copper molybdenum porphyry discovery with the acquisition of additional data for the Rio Bravo project on February 3, 2025 HERE, the company had much inbound interest from major copper producers and other financial groups alike. Discussions with several large parties continue as the Company looks to position the project for advancement in the most accretive method possible. Recall that historical drilling, geochemical and geophysical data recently obtained from a major mining company that previously controlled the Rio Bravo project confirms intersections of significant porphyry copper and molybdenum mineralization associated with a largely untested target. Three historical drill holes completed in 2012 encountered 200+ m intercepts of mineralization:

DDH-01 intersected 220 m grading 0.32% Cu and 275 ppm Mo (0.51% CuEq)*

DDH-06 intersected 324 m grading 0.32% Cu and 199 ppm Mo (0.47% CuEq)*

DDH-08 intersected 312 m grading 0.29% Cu and 329 ppm Mo (0.54% CuEq)*

After a thorough review of this newly acquired data package including surface mapping rock geochemistry and ground geophysics, Condor interprets the potential for discovery of a higher-grade core of the Rio Bravo porphyry system as being centered approximately 400 m southeast and somewhat deeper from the location of the prior encouraging drilling activity.

Cobreorco

In the Company's February 24th, 2025 press release HERE, management provided an update on the Cobreorco joint venture with a subsidiary of Teck Resources Limited ("Teck"), which presents a significant opportunity for a discover at what management believes is a typical porphyry/skarn system. Following further technical work and community engagement, Teck submitted a revised DIA application in Q4 2024 and is actively working with MEM to advance the permitting process.

Recall that in December 2023, Condor entered into an option and joint venture agreement with Teck, on the Company's Cobreorco copper-gold project in the Apurimac Department, Peru. Under the agreement, Teck has the option to earn a 55% interest in Cobreorco over three years by incurring US$4 million in exploration expenditures and making US$500,000 in cash payments. Upon exercising this first option, a dedicated holding company will be formed, after which Teck may further increase its stake to 75% by spending an additional US$6 million in exploration and making further cash payments of US$600,000.

Technical Disclosure/Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Dr. Quinton Hennigh, (P.Geo., PhD), a Qualified Person as defined in National Instrument 43-101 and a Director of Condor Resources.

About Condor Resources Inc.

Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km2 property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has optioned several large projects to partners who continue to advance these projects. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities.

For more information, please visit the Company's website at www.condorresources.com.

Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.

ON BEHALF OF THE BOARD

Chris Buncic
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at [e-mail]

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Condor Resources Inc.

[Lone Clone]

Carlton Precious Samples High Grade Silver and Gold Veins at Esquilache

https://www.globenewswire.com/news-release/2025/03/19/3045237/0/en/Carlton-Precious-Samples-High-Grade-Silver-and-Gold-Veins-at-Esquilache.html

March 19, 2025 07:00 ET | Source: Carlton Precious Inc.

TORONTO, March 19, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSX-V: CPI | OTCQB: NBRFF)

[Lone Clone]

King Copper Discovery Trades as KCP Effective Today

https://finance.yahoo.com/news/king-copper-discovery-corp-trades-113000148.html

King Copper Discovery Corp.
Tue, March 11, 2025 at 4:30 AM PDT 6 min read

TBXXF
-19.90%

. VANCOUVER, British Columbia, March 11, 2025 (GLOBE NEWSWIRE) -- King Copper Discovery Corp. (“King Copper” or the “Company”; KCP-TSXV, TBXXF-OTCQB, 3RI-FSE) name change and symbol change to KCP-TSXV is effective as of the market open today.

Turmalina Metals Corp. previously announced this corporate name change to “King Copper Discovery Corp.” The new CUSIP number for the Company’s common shares will be 494726102, and the new ISIN number will be CA4947261026. The share capital of the Company is unchanged.



The updating of various presentation materials, which is in progress, will reflect the Company’s focus on the Colquemayo copper-gold-silver project, which is located in the Moquegua department, near the border with the Arequipa department in Southern Peru. The new website address, being constructed now, will be www.kingcopperdiscovery.com

The road-accessible project, of which the Company has an option to earn a 100% interest, covers 6,600 hectares with copper-gold-silver mineralization in high-sulphidation epithermal systems hosted by phreatomagmatic and hydrothermal breccias that have been emplaced into Miocene to Pliocene andesitic volcanic rocks. Intense hydrothermal alteration has been mapped over an area of 10 km by 3 km.

The high-grade potential of the Colquemayo mineralized system is illustrated by prior drilling that returned up to 15.15 metres of 27% copper, within a broader 237.3 metre intercept of 2.4% copper starting at a down-holed depth of 306.25m. In addition to targeting extensions to this high-grade epithermal mineralization, King Copper Discovery Corp.’s exploration will follow up indications of an underlying copper porphyry system identified in prior drilling. The Company’s exploration model at Colquemayo draws on its similarities to linked epithermal and porphyry systems in the Andes, a prime example being Filo del Sol, in Argentina.



Historic drill results from Colquemayo (see King Copper News Release dated July 3, 2024 for details) include an intersection that returned:

237.3 m @ 2.4 % Cu, 0.08 g/t Au & 10 g/t Ag, including

161.2 m @ 3.4% Cu, 0.09 g/t Au & 14 g/t Ag, and

31.3 m @ 14.8% Cu, 0.2 g/t Au & 47 g/t Ag.

A drill program is being designed on the basis of an exploration model developed from the re-logging of approximately 20,000 metres of historic drill core, integrated with assay data, mapped geology and mineral alteration zoning.

King Copper Discovery Corp. has established access to the Project for initial baseline fieldwork and has maintained close contact with the communities of Palcamayo and Amata, which own most of the surface rights in the Project area. The Company has also initiated contacts with neighbouring communities and local authorities to inform them about the nature and status of the Project.


The Company has engaged INSIDEO, an environmental consulting company based in Lima, to complete baseline studies and prepare and environmental impact assessment (the Declaracion de Impacto Ambiental - the ‘DIA’), which is a key requirement for the drill permit application. INSIDEO has completed all related fieldwork originally planned, including soil and water sampling, air quality and noise control tests, and all studies related to the biological baseline.

The board of directors of the Company has also approved the grant of 6.8 million stock options to certain officers, directors, employees and consultants of the Company under the Company's stock option plan. The options have an exercise price of 15 cents and a term of five years. The Company has also entered into a 6-month investors relations agreement with Conrad Orzel of Vancouver, British Columbia for a fee of CAD $3000 per month and 100,000 stock options (included within the above mentioned grant total) with a term of five years, vesting over a 12 month period.

On Behalf of the Company,

Jonathan Richards, Chief Executive Officer and Director.

Website: kingcopperdiscovery.com
Address: #1507 - 1030 West Georgia St, Vancouver, BC V6E 2Y3.

For Investor Relations enquiries, please contact [phone] or via [e-mail].

Statements

About King Copper Discovery Corp and Our Projects: King Copper is a TSXV-listed exploration company focused on the Colquemayo gold-copper project in South America. The Company is led by a team responsible for multiple gold-copper-silver discoveries.

Forward Looking Statement: This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include the closing of the Name Change. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions, as well as legal, social, and economic conditions in Argentina and Peru, where the Company’s mineral exploration properties are located. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Qualified Person: All scientific and technical information in this news release has been approved by Dr. Rohan Wolfe, Technical Advisor, MAIG, who serves as the Qualified Person (QP) under the definition of National Instrument 43-101. Dr Wolfe has conducted a review of historic data at the project, reviewed the Company’s due diligence study of the Project and has conducted an independent QA/QC review of historic drilling assays, and consents to the inclusion of this information in the form and context in which it appears.

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 or has in any way approved or disapproved of the contents of this press release.

[Lone Clone]

Excellon Secures Path to Acquire the past Producing Mallay Silver Mine

https://www.newsfilecorp.com/release/243909/Excellon-Secures-Path-to-Acquire-the-past-Producing-Mallay-Silver-Mine

March 11, 2025 7:00 AM EDT | Source: Excellon Resources Inc.

Toronto, Ontario--(Newsfile Corp. - March 11, 2025) - Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce a definitive agreement (the "Adar and Premier Agreement") has been executed between Adar Mining Corp. ("Adar") and Premier Silver Corp. ("Premier Silver"), relating to the acquisition by Excellon of Minera CRC S.A.C. ("Minera CRC"), which holds the past-producing Mallay Silver Mine and Tres Cerros Exploration Property in Peru (the "Acquisition").

Under the terms of the Agreement, Excellon is acquiring the shares of Minera CRC through an expedited, court-supervised process, ensuring a legally definitive resolution of all prior disputes. Upon completion, Excellon will receive full ownership of Minera CRC free and clear of all encumbrances, as per the transaction terms previously announced on October 31, 2024.

Announcement Highlights

The Adar and Premier Agreement: definitively resolves any outstanding disputes, ensuring a clear legal process for the transfer of Minera CRC, without further timing risks or delays.

Reinforces asset transfer: Premier Silver has committed to selling 100% of the shares of Minera CRC under an expedited, court-supervised process.

Timing: Excellon expects to close the acquisition of Minera CRC in April 2025.

Restart planning: Work is now underway to update the historic resource model for Mallay, incorporating higher silver and base metals prices. The updated resource model will form the basis of detailed mine scheduling and planning for restart.

Exploration: Excellon to provide update on recent surface prospecting completed at Tres Cerros, a greenfields, bulk tonnage gold-silver epithermal target, 5.8 km northwest of the Mallay Mine.

Capital Raise: Discussions underway with potential offtakers and equity financing partners to secure restart financing, in the form of equity and other non-dilutive sources of capital.

Shawn Howarth, President and CEO of Excellon, commented, "Today's announcement provides certainty in our acquisition of the past-producing Mallay Mine, previously operated by Buenaventura. We are executing on an aggressive plan to return to silver production at Mallay in Q4 2025 and this agreement ensures an expedited closing with the full support of all stakeholders, allowing us to focus on unlocking value from the property."

Mr. Howarth added: "An operational team is already in place in Peru, Mallay is fully permitted and our plan leverages the historic US$115 million invested in mill and surface infrastructure and kilometres of underground mine development. We will immediately begin the restart process after closing and aim to return Excellon to producer status on an accelerated timeline."

Details of the Adar and Premier Agreement

Premier has agreed to sell the shares of Minera CRC S.A.C. to Excellon through a court-supervised sale process conducted under Canadian insolvency law. The transaction will proceed through a proposal proceeding under the Bankruptcy and Insolvency Act (Canada), ensuring a transparent and orderly transition of ownership. As part of the settlement agreement, Premier Silver will receive CAD$400,000 in Excellon shares, priced at the value of Excellon shares based on a 5-Day volume-weighted average price ("VWAP"), on the close of the acquisition.

Update to terms of the Acquisition Agreement Between Excellon and Adar

Excellon and Adar have amended the definitive agreement (the "Acquisition Agreement") announced October 31, 2024, to provide for (i) an increase of the upfront cash payments payable to Adar to US$1.565 million (from US$1.25 million), with any portion of such upfront payments that is not spent by Adar prior to closing of the Acquisition continuing to remain with Minera CRC; (ii) an increase of the termination fee payable by Adar to Excellon to US$3.1 million (from US$2.5 million) in the event that Excellon does not acquire the shares of Minera CRC S.A.C. in the bankruptcy proceedings and Adar receives repayment of indebtedness owed to Adar by the parent company of Minera CRC; and (iii) an extension of the outside date to complete the Acquisition to April 29, 2025, which may be extended by 30 days by Excellon, and up to four additional times through Excellon making a cash payment in the amount of US$250,000 to Adar for each such 30 day extension.

Please refer to Excellon's news release dated October 31, 2024 for a description of other terms and conditions related to the Acquisition Agreement.

About Mallay

The Mallay Mine is a past-producing silver mine, fully permitted to restart production. Mallay was built and operated by Buenaventura from 2012 to 2018, with US$115 million of historical investment. The mine went into care and maintenance in 2018 due to low silver prices (~US$16.00 per ounce) and a change in strategic priorities at Buenaventura. Annual production by Buenaventura (2013 to 2017) averaged 1.3 million ounces of silver, 9,100 tonnes of zinc and 6,500 tonnes of lead1.

The Tres Cerros Project is a highly prospective gold-silver exploration project approximately five kilometers northwest of the Mallay Mine. The project's prime area of interest is a 2.5 kilometer by 500 meter corridor of gold-silver mineralization and coincident IP/resistivity anomalies, indicative of a bulk tonnage, high sulfidation epithermal system. Numerous historical grab samples were taken across the 2.5 kilometer fault, which are being analyzed to determine further follow-up exploration work.

Further details on the Mallay Mine and Tres Cerros Project are provided in the news release announcing the Acquisition.

About Excellon

Excellon's vision is to realize opportunities through the acquisition of advanced development or producing assets with further potential to gain from an experienced management team for the benefit of our employees, communities and shareholders. Excellon is in the process of acquiring the past-producing Mallay Silver Mine and Tres Cerros Exploration Project in Peru. The Company is also advancing a portfolio of gold, silver and base metals assets including Kilgore, an advanced gold exploration project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and little modern exploration.

A link to the Company's updated corporate presentation highlighting corporate plans and timelines can be found here.

Qualified Person

Paul Keller, Chief Operating Officer of Excellon and a qualified person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information in this news release.

For Further Information, Please Contact:

Excellon Resources Inc.
Shawn Howarth, President & Chief Executive Officer
[e-mail]

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

All statements, other than statements of historical fact, contained, referenced or incorporated by reference in this news release constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as: "actively", "advance", "anticipated", "assess", "believe", "cause", "commence", "completion", "conditions", "consideration", "continues", "development", "due course", "expectation", "exploration", "extend", "extension", "flexibility", "focused", "forward", "further", "future", "if", "implement", "liquidity", "looking", "maturity", "may", "negotiations", "occur", "opportunities", "options", "outcome", "outstanding", "potential", "providing", "reach", "restructuring", "risk", "subject to", "to be", "update", "vision", "waive", "when", "will", and "would", or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, to, will, would (or not) be achieved, occur, provide, result, complete or support in the future or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include statements regarding the structure and terms of the Acquisition; the timing and ability of the Company to complete the Acquisition; the benefits of the Acquisition; the use of proceeds of the Offerings; the timing and ability of the Company to receive necessary approvals, including the approval of the Toronto Stock Exchange; the structure and terms of additional financing transactions; the timing and ability of the Company to complete additional financing transactions; exploration and drilling programs, including the timing, completion and results thereof; the ability of the Company to restart production at the Mallay Mine and the timing thereof; exploration prospects; potential mineralization; and the Company's objectives, goals and future plans and strategies. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the inability of the Company to complete the Acquisition on the terms proposed or at all, the inability of the Company to receive necessary regulatory approvals, termination of the Agreement; failure of the Company to complete additional financing transactions on the terms proposed or at all; the inability to complete a feasibility study which recommends a production decision, the "Risk Factors" in the Company's annual information form dated April 1, 2024 (the "2024 AIF"), and the risks, uncertainties, contingencies and other factors identified in the Company's Management's Discussion and Analysis, and accompanying financial statements, for the year ended December 31, 2023, and the Company's other applicable public disclosure (collectively, "Company Disclosure"). The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company's business, financial condition and prospects that is provided in the 2024 AIF and the other Company Disclosure. The forward-looking statements referenced or contained in this news release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the other Company Disclosure. Forward-looking statements contained herein are made as of the date of this news release (or as otherwise expressly specified) and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.

1 Source: Buenaventura and Minera CRC historical information and public disclosure.

SOURCE: Excellon Resources Inc.

[Lone Clone]

Radius Gold Granted Exclusive Right to Expand Tierra Roja Copper Project by 1,800 ha and Option Additional 4,500 ha of Exploration Licenses

https://thenewswire.com/press-releases/1knDFwbVr-radius-gold-granted-exclusive-right-to-expand-tierra-roja-copper-project-by-1-800-ha-and-option-additional-4-500-ha-of-exploration-licenses.html

February 28, 2025 – TheNewswire - Vancouver, Canada – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) is pleased to announce a significant expansion potential for its Tierra Roja copper project, signing an exclusivity agreement and right to option an additional 1,800 hectares (ha) adjoining the project (Figure 1), which would increase the project total to 3,670 ha. Furthermore, the Company has the exclusive right to option an additional 4,500 ha of exploration licenses within the broader district, covering 3 additional targets (Figure 2). With the Tierra Roja project and 3 new properties to explore, Radius has rapidly consolidated a compelling land position in one of the world’s top producing copper belts in southern Peru.

Figure 1: Option on an additional 1800 ha adjoining the Tierra Roja Project:


Click Image To View Full Size

Figure 2: Radius Gold has exclusive right to an additional 4,500 ha in district (Gerár – 1000 ha,
Shamgar – 1600 ha, Sidón – 1900 ha, in southwest Peru):


Click Image To View Full Size

Option Terms

Radius has signed a 6 month exclusivity agreement with a local landowner to option if it chooses any or all of 9 exploration concessions totalling approximately 6,300 ha. Two of the claims (Hidekel property), covering approximately 1,800 ha, directly adjoin Radius’s Gold’s Tierra Roja copper project. US$2,500 has been paid on signing the exclusivity agreement. The agreement allows for Radius to conduct prospecting and evaluation of the licences, and the exclusive right to enter into an option agreement for each property with the following terms:

(i) Payments totaling US$165,000 over 36 months to acquire 100% per property.

(ii) At any time during 5 years from the signing of the option, if a resource estimate is made: US$100,000. If there is a pre-feasibility study: US$200,000. If mine construction commences, with production to be generated from the concession: US$200,000.

(iii) If the option is exercised, the property owner retains a 5% NSR royalty that can be purchased by the Company for US$1,000,000 per 1%.

Radius is actively advancing exploration at Tierra Roja. Detailed geological mapping, geochemical sampling and ground based magnetic surveys have been completed and compelling drill targets defined. Drill permitting is well advanced and IP/Resistivity surveys are scheduled to commence promptly. Plans are in place for an upcoming drill program to test high-priority targets.

Qualified Person

Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’ Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith has 30 years of mineral exploration experience and has prepared and approved the technical information contained in this news release.

Radius Gold Inc.

Radius has a portfolio of projects located in Mexico, Guatemala and Peru which it continues to advance, utilizing partnerships where appropriate to retain the Company’s treasury. At the same time, management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies, led by Simon Ridgway. You may find more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca.

ON BEHALF OF THE BOARD

Bruce Smith

President and CEO

Symbol: TSXV-RDU

Contact: Bruce Smith

1111 Melville Street, Suite 1000

Vancouver, BC V6E 3V6, Canada

Tel: [phone]; Toll free 1-888-627-9378; Fax: [phone]

Email: [e-mail]

Website: www.radiusgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the results of exploration work and future plans at the Company’s projects. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, whether the planned exploration work at the Company’s projects will proceed as intended; changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

[Lone Clone]

Aftermath Silver Reports 156m From Surface of 290g/t Ag, 1.12% Cu and 7.3% Mn In Eastern Zone Step Out

https://www.newsfilecorp.com/release/242582/Aftermath-Silver-Reports-156m-From-Surface-of-290gt-Ag-1.12-Cu-and-7.3-Mn-In-Eastern-Zone-Step-Out

February 27, 2025 8:30 AM EST | Source: Aftermath Silver Ltd.

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF

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DLP Resources Reports a Maiden - 1 Billion Tonne Inferred Mineral Resource at the Aurora Project, Parobamba, Peru

https://www.newsfilecorp.com/release/242616/DLP-Resources-Inc.-Reports-a-Maiden-1-Billion-Tonne-Inferred-Mineral-Resource-at-the-Aurora-Project-Parobamba-Peru

February 27, 2025 6:00 AM EST | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - February 27, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)

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Silver X Mining Announces Significant Increase In Mineral Resource Estimate For The Nueva Recuperada Project, Including Additional High-Grade Resource At The Plata Mining Unit

https://www.accessnewswire.com/newsroom/en/metals-and-mining/silver-x-mining-corp-announces-significant-increase-in-mineral-resource-estimate-f-991586

Wednesday, 26 February 2025 07:30 AM

VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX)

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Condor Provides Corporate Update and Outlook for 2025

https://www.accessnewswire.com/newsroom/en/metals-and-mining/condor-provides-corporate-update-and-outlook-for-2025-990198

Monday, 24 February 2025 07:30 AM

VANCOUVER, BC / ACCESS Newswire / February 24, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN) is pleased to provide a corporate update and management's outlook for the remainder of 2025.

Chris Buncic, President and CEO, commented: "We expect 2025 to be a defining year for Condor. We are advancing two highly prospective precious metals projects-Pucamayo and Huinac Punta-both of which have the potential to scale to a size that could attract the interest of major mining companies. Significant progress is anticipated on both projects this year. Additionally, our Cobreorco project, currently being advanced through the permitting process by a subsidiary of Teck Resources Limited ("Teck"), is expected to become increasingly active once final permits are granted. Condor stands to benefit significantly if Teck's exploration succeeds in discovering the anticipated large gold-copper skarn and porphyry type project together with the terms of our option and joint venture agreement.

On the corporate front, we are actively exploring opportunities to divest non-core assets, which would generate meaningful non-dilutive capital to support the development of our primary projects. With these initiatives underway, we expect a busy and productive year ahead and look forward to keeping investors updated on our progress."

Project Updates

Pucamayo

Pucamayo is Condor's flagship 8,500-hectare exploration project in Ica, Peru. The project features a complex high- to intermediate-sulfidation system beneath a large, six-square-kilometer lithocap alteration, prospective for epithermal gold-silver and copper-gold porphyry mineralization.

In August 2024, Condor submitted its Declaración de Impacto Ambiental ("DIA") application to the Peruvian Ministry of Energy and Mines ("MEM") for the expanded Pucamayo South East area. The Company subsequently received follow-up questions from the MEM in November and December, with responses submitted in mid-January. Given the nature of the inquiries, management believes the application is in its final stages, with approval anticipated shortly.

A 6,000-meter exploration drilling program has been planned for Pucamayo South East, to be executed in phases. The pending permit application allows for 40 drill platforms, with multiple holes per platform, and a five-year window to complete exploration activities before requiring re-application.

Huinac Punta

In August 2024, the Company completed the Consulta Previa process, which included a community consultation coordinated in conjunction with the Social Management Directorate of MEM, and as reported on November 14, 2024, Condor subsequently received its Initiation of Activities ("IA"), the final permit required to commence exploration drilling at Huinac Punta. The IA permit provides for forty drill platforms with the ability to drill several holes per platform and the flexibility to conduct drilling over a five-year period.

The Company has since expanded the project by acquiring an additional 5,200 hectares of exploration concessions, which are considered prospective for silver, copper, and other base metals. A maiden 2,000-meter exploration drilling program is planned to commence after the rainy season, targeting a one-kilometer structure where high-grade silver and base metal grab samples were collected associated with coincident geophysical anomalies.

Cobreorco

In December 2023, Condor entered into an option and joint venture agreement with Teck, on the Company's Cobreorco copper-gold project in the Apurimac Department, Peru. Under the agreement, Teck has the option to earn a 55% interest in Cobreorco over three years by incurring US$4 million in exploration expenditures and making US$500,000 in cash payments. Upon exercising this first option, a dedicated holding company will be formed, after which Teck may further increase its stake to 75% by spending an additional US$6 million in exploration and making further cash payments of US$600,000.

Following further technical work and community engagement, Teck submitted a revised DIA application in Q4 2024 and is actively working with MEM to advance the permitting process.

Soledad

As reported October 7, 2024, Condor terminated its option agreement with Chakana Copper Corp. ("Chakana") due to non-performance under the agreement. The Company regained control of the project data, drill core, and samples in February 2025.

In 2022, Chakana completed an updated NI 43-101 technical report on the Soledad project, in which the author estimated an Inferred Resource of 4.8 million tonnes grading 0.72 g/t gold, 61 g/t silver and 0.97% copper amenable to extraction by underground mining methods plus an additional 1.9 million tonnes grading 1.29 g/t gold, 37.1 g/t silver and 0.65% copper amenable to extraction by open pit mining methods. The report notes that Breccias 1, 5, 6 and 7 are located on the Condor concessions, and make up 71% of the Inferred Resource.

Management has engaged in discussions with multiple interested parties regarding a potential sale of the Soledad concessions and remains optimistic regarding opportunities to monetize the asset.

Rio Bravo

As reported on February 3, 2025, Condor completed a transaction with a major mining company, acquiring a historical dataset for its Rio Bravo project. The dataset includes results from 11 drill holes totaling 5,729 meters (completed in 2012), along with drill logs, assays, core photographs, soil geochemistry, ground geophysics, and detailed geological mapping. Although historical, these results confirm intersections of significant porphyry copper and molybdenum mineralization. Management believes the main porphyry system, exposed along a one-kilometer ravine, sits within a larger alteration halo, suggesting the potential for a bulk-mineable deposit.

Following Condor's acquisition of this data, several parties have expressed interest in the Rio Bravo project, and management is optimistic about potential monetization opportunities.

Technical Disclosure/Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Dr. Quinton Hennigh, (P.Geo., PhD), a Qualified Person as defined in National Instrument 43-101 and a Director of Condor Resources.

About Condor Resources Inc.

Condor Resources is a precious and base metals exploration company focused on its portfolio of projects in Peru. The Company's flagship project, Pucamayo, is an 85 km2 property containing a high sulfidation epithermal system with disseminated precious metals mineralization with a large lithocap alteration visible at surface. The Huiñac Punta project, a 7,200 Ha property in Huanuco, Peru, has the potential to host a large carbonate replacement style (CRD) silver-dominant polymetallic mineralized body with the potential for discovery of a bulk tonnage silver and base metals deposit. The Company has optioned several large projects to partners who continue to advance these projects. The Company's award-winning exploration team in Peru has a long history of success in discovering and advancing high quality exploration projects and managing the social aspects of its exploration activities.

For more information, please visit the Company's website at www.condorresources.com.

Follow Condor Resources (@CondorResources) on X and (@condor-resources) on LinkedIn.

ON BEHALF OF THE BOARD

Chris Buncic
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at [e-mail]

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.

Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Condor Resources, Inc.

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Buenaventura Announces Fourth Quarter and Full Year 2024 Results

https://www.businesswire.com/news/home/20250220272882/en

February 20, 2025 09:28 PM Eastern Standard Time

LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM),

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Solis Announces New Copper-Gold Porphyry and IOCG Targets Confirmed at Chocolate Project, Peru Sample grades of 4.92% copper and 2.47g/t gold

HIGHLIGHTS

Rock geochemical assays from magnetic drone survey data1 reveal two copper porphyry and two vein-hosted iron oxide copper gold ("IOCG") targets at Chocolate2.

Highlight geochemical assays from rock samples include:

Porphyry Target 1: 0.71% Cu and 0.60g/t Au (sample 17423)

IOCG Target 1: 4.92% Cu and 2.47 g/t Au (sample 17397)

Porphyry Target 2: 1.92% Cu and 0.03 g/t Au (sample 17402)

IOCG Target 2: 2.78% Cu and 0.21 g/t Au (sample17410)

All rock samples taken and assayed by ALS Global laboratories in Lima, Peru.

Further geophysics and geochemistry surveys will be undertaken to refine and prioritise drill targets.

Priority projects, Ilo Este and Chancho al Palo, have advanced, with a drilling permit already granted by Peru's Ministry of Energy and Mines ("MINEM") for Chancho al Palo. The remaining approvals required to commence drilling are expected imminently.

https://www.newsfilecorp.com/release/241561/Solis-Announces-New-CopperGold-Porphyry-and-IOCG-Targets-Confirmed-at-Chocolate-Project-Peru

February 19, 2025 6:28 PM EST | Source: Solis Minerals Ltd.

Perth, Western Australia--(Newsfile Corp. - February 19, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN)

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C3 Metals Outlines 1,900 Metre by up to 650 Metre High-Grade Copper in Soil Anomaly at Khaleesi Copper-Gold Project, Peru

https://www.newsfilecorp.com/release/241388/C3-Metals-Outlines-1900-Metre-by-up-to-650-Metre-HighGrade-Copper-in-Soil-Anomaly-at-Khaleesi-CopperGold-Project-Peru

February 19, 2025 7:00 AM EST | Source: C3 Metals Inc.

Toronto, Ontario--(Newsfile Corp. - February 19, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce results of a highly successful grid-based soil sampling campaign over the Khaleesi Copper-Gold project area in Southern Peru. Previous mapping and rock sampling identified an alteration footprint spanning 1,500m by 1,000m. Within this alteration footprint, skarn-, porphyry- and epithermal-style copper-gold mineralization has been identified (see press release dated January 8, 2025).

Grid soils have now defined a significant copper-molybdenum anomaly, which extends for over 1,900m and is locally up to 650 meters wide with two zones averaging 950ppm copper and 650ppm copper (Figure 1). For reference, copper in soils at or above 300ppm is considered anomalous.



Figure 1: Khaleesi map showing three well defined zones of pervasive copper-in-soil geochemistry. Also showing glacial till zone that appears to conceal mineralized rock below.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/241388_d5921121b463298c_001full.jpg

Dan Symons, President and CEO, stated, "The high-grade copper-in-soil geochemistry results at Khaleesi show a very large anomaly that suggests a hydrothermal system of considerable scale. These results support our interpretation of a potential large-scale, porphyry, skarn and epithermal system at Khaleesi. We are rapidly advancing geophysical surveys so that we have all required data in hand prior to a maiden diamond drill program. We anticipate the geophysical surveys and subsequent modeling will be completed by the end of March 2025. This will allow us to get a subsurface view - importantly, what is happening beneath an area of glacial till. On either side of the till occurrence, soil samples have returned spectacularly high copper-in-soil results over very large areas. Based on preliminary geophysical data coming back in real time, it appears there is a large anomaly under the glacial till zone. Khaleesi is shaping up to be a very exciting target that has never been drill tested within a well-known, world-class copper producing belt."

Highlights of the Khaleesi Exploration Program

Completed a comprehensive 50m spaced grid soil sampling program, covering the 3.3 sq km porphyry, epithermal and skarn alteration zone.

Outcrop samples assayed up to 2.82% copper, 6.0 g/t gold, 57.7 g/t silver and 403 ppm molybdenum (see press releases dated October 22, 2024 and January 8, 2025).

Defined a 1,900m long by up to 650m wide copper-molybdenum soil anomaly, with two priority zones averaging 950ppm copper and 650ppm copper in soils (Figure 1). For reference, copper in soils at or above 300ppm is considered anomalous.

Defined a 470m long by 400m wide copper-zinc soil anomaly averaging 1,260ppm copper over top of a well-defined zone of prograde and retrograde skarn alteration (Figure 1).

Significant copper sulphides identified in skarn at surface.

Ground magnetic (Mag), Induced Polarization (IP) and Magnetotellurics (MT) surveys are underway and are anticipated to be completed by the end of March 2025.

Khaleesi represents a rare opportunity to explore an undrilled copper-gold mineralized skarn, porphyry and epithermal prospect on the world-class Andahuaylas-Yauri Porphyry-Skarn belt. The Company has strategically amalgamated a significant mineral concession package of over 30,000 hectares within 45km of the large Las Bambas (MMG) and Constancia (Hudbay Minerals) copper mines. Several major and intermediate mining companies hold mineral concessions surrounding C3 Metals' mineral concession package and in the district (Figure 2).

Khaleesi is located 8km west of the Company's Jasperoide Project, where the Company confirmed 13 skarn prospects along a 28km iron-skarn belt. Montana de Cobre ("MCZ") is the first of these skarns the Company systematically drill tested, yielding a near surface Measured and Indicated Mineral Resource of 51.9 million tonnes at 0.50% total copper and 0.20 g/t gold for 569.1 million pounds of copper and 326,800 ounces of gold1.



Figure 2: Regional map showing C3 Metals' mineral concession package in relation to other large-scale operations, development projects and exploration projects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/241388_d5921121b463298c_002full.jpg

Exploration results to date indicate that a potentially significant porphyry, skarn and epithermal copper-gold system may occur within the Khaleesi project area. The porphyry target occurs in the eastern project area (Figure 1) and is defined by grid-soils, rock geochemistry and a large magnetic high defined in regional magnetic airborne survey conducted in 2021. Grid soils defined a 1,900m by up to 650m wide copper in soil anomaly, with soils averaging 950ppm copper in the south zone and 650ppm copper in the north zone. The coincident magnetic high is interpreted to represent "secondary magnetite alteration" in the diorite, common to most porphyry systems around the world.

The skarn target occurs in the western project area (Figure 1) and is similarly defined by grid-soils and rock geochemistry. Grid soils defined a 470m by up to 400m wide copper - zinc in soil anomaly, with soils averaging 1,260ppm copper and 450ppm zinc. The soil anomaly occurs over an extensive zone of prograde and retrograde skarn that measures 1,200m by 1,000m. Metre-scale epithermal veins and breccia zones occur in outcrop west of the skarn body. The 2021 regional magnetic airborne survey was not flown over this area, as C3 Metals did not own the mineral concessions over the skarn target at the time the survey was flown. Currently ground magnetic, IP and MT surveys are currently underway over the Khaleesi project area.

Soil sampling also included the 1.3 sq km area with glacial till cover, varying from less than 1m to 15m in thickness. Glacial till appears to mask or conceal the interpreted skarn and porphyry mineralized zone. Soil samples are only mildly elevated in copper between the skarn and south zones in the area of glacial till. However, early data from lines of the ground geophysical surveys indicate large anomalies under the till occurrence. Once all geophysical data has been collected and modeled, the Company will provide an update with these geophysical survey results.

Next Steps

The exploration team is overseeing a 45.5-line kilometre ground magnetic survey, a 24.5-line kilometre IP survey and 14 full tensor stations of MT over the Khaleesi project area, which is anticipated to be completed and modeled by the end of March 2025.

Ground magnetic, resistivity, chargeability and conductivity data will be used in conjunction with surface geochemistry and mapping information to define the first ever diamond drilling program to test the three well-defined porphyry and skarn targets within the Khaleesi project area.

For additional information, contact:

Dan Symons
President and CEO
[phone]
[e-mail]



ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses, of which Freeport-McMoRan Exploration Corporation, a wholly-owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX), has the option on 13,020 hectares to earn up to a 75% interest by funding up to US$75 million of exploration and project related expenditures. The Company also holds a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).

Related Link: www.c3metals.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.

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Technical Program

C3 Metals surface soil samples were sent to the ALS assay laboratories in Lima, Peru and the Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation, preparation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Soil samples were collected in 100m-spaced East-West sampling lines at 50m-spaced sample stations along the line. Sampling lines are perpendicular to anomalous geological features identified in geological mapping, rock geochemistry and other historical data. Soil pits were dug carefully with a digger bar, pickaxe, shovel and plastic scoop to a depth averaging 60cm, to target the B horizon and to collect approximately 4kg of soil material.

Soil samples were sent to ALS Arequipa for preparation with oven dry at <60°C/140°F and sieving to -180 micron (80 mesh). Soil samples are analysed by aqua regia digestion of 25g sample, followed by trace Au and multielement analyses by ICP-MS and ICP-AES finish on the AuME-TL43 package for a suite of 51 elements. On average, 10% of the submitted samples are quality control samples. No data quality problems were indicated by the QA/QC program.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

________________________
1 Based on the assumptions and parameters outlined in the NI 43-101 Technical Report titled Jasperoide Copper-Gold Project Cusco Region, Peru dated July 5, 2023.

SOURCE: C3 Metals Inc.

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PPX Resumes Exploration Activities at Callanquitas

https://www.accessnewswire.com/newsroom/en/metals-and-mining/ppx-resumes-exploration-activities-at-callanquitas-987407

Tuesday, 18 February 2025 08:00 PM

TORONTO, ON / ACCESS Newswire / February 18, 2025 / PPX Mining Corp.(TSXV:PPX)(BVL:PPX) (the "Company" or "PPX", including its Peruvian subsidiaries) is pleased to announce that exploration activities at Callanquitas Mine have resumed.

On February 17, 2025, its mining partner in the Callanquitas Mine, Proyectos La Patagonia S.A.C. ("PLP"), concluded negotiations of a Drilling Contract (the "Contract") with RAMPERU S.A.C. Servicios Generales ("RAM"). Under the terms of the Contract, RAM will perform 2264 meters of diamond drilling (DDH) from underground.

Highlights:

1043 meters will be drilled with seven holes in total in the sulfide tension vein.

1221 meters will be drilled with five holes in total in the Callanquitas West vein.

The cost of the drilling is US$ 285 per meter.

The drilling campaign will begin the first week of March 2025 and will end on July 2025.

SGS Peru S.A.C. services will be used for geochemical laboratory testing, analysis with 4 acids and fire assay.

The exploration program has two main objectives:


1) First, to confirm the geometry and replicate the high gold, silver and copper values ??of the tensional sulfide vein in the downhole at elevation 2850 mt., intercepted by drill hole CA-24-07 (9.20m@ 10.34 g/t Au, 1670.8 g/t Ag y 4% Cu) and interpreted along with gallery exploration and channel sampling at elevation 2970 mt. in Callanquitas Mine. In addition, to corroborate oxide high values in the stope of Callanquitas East vein (5.25m@ 12.05g/t Au y 300.9 g/t Ag), also intercepted by drill hole 07; then, to calculate a first resource estimate of this drilled section of the tensional sulfide vein. See next image:







2) Second, to expand inferred oxide resources with economic grades of gold and silver in the Callanquitas West vein, according to the reference values ??intercepted by drill holes CA-24-09 and CA-24-10 (0.4m@ 18.93 g/t y 51.3 g/t Ag) in 2024 and the results of channel sampling in gallery exploration at elevation 3290 mt. Finally, to begin corroboration drilling of the structure that can potentially mirrors the Callanquitas East vein (mined with 9.44 g/t Au and open at depth) in the west vein. See next image:







John Thomas, CEO commented "we are excited to resume exploration activities at Callanquitas, following the subscription of our new assignment agreements with PLP. This drilling program will continue exploring the Callanquitas after spectacular results obtaining in the last drilling program performed during 2024. This exploration program should provide the basis to continue expanding our existing resource".

About PPX Mining Corp
PPX Mining Corp. (TSXV:PPX.V)(BVL:PPX) is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department.

On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737

All scientific and technical information in this press release has been reviewed and approved by John Thomas, P. Eng., who is a qualified person under the definitions established by National Instrument 43-101.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking statements") as such terms are defined by applicable securities laws, including, but not limited to statements regarding test results, future plans or management estimates. Forward-looking statements are statements that relate to future events. In this context, forward-looking statements often address expected future business plans and financial performance and often contain words such as "anticipate," "believe," "plan," "estimate," "expect," and "intend,", statements that an action or event "may," "might," "could," "potentially," "should," "would" or "will" be taken or occur, or other similar expressions. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control, and the Company's actual results could differ materially from those stated or implied in forward-looking statements due to many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain any required regulatory approvals, if applicable. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, one should not place undue reliance on forward-looking statements. All forward-looking statements contained in this press release are made as of today's date, and the Company undertakes no obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

SOURCE: PPX Mining Corp.

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Tinka Announces Commencement of a Strategic Review

https://www.accessnewswire.com/newsroom/en/metals-and-mining/tinka-announces-commencement-of-a-strategic-review-987158

Tuesday, 18 February 2025 02:45 PM

VANCOUVER, BC / ACCESS Newswire / February 18, 2025 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) announces that further to the Company's news release on January 2, 2025, the Company will not proceed with additional closings of its previously announced non-brokered private placement.

The Company also announces that it has initiated a strategic review process with the assistance of a financial advisor, to identify, assess and evaluate a broad range of potential strategic alternatives for the Company with the view of maximizing shareholder value. A range of strategic and financing alternatives will be reviewed and considered.

Dr. Graham Carman, Tinka's President and CEO, stated: "The Company has deferred its planned drilling activities at Ayawilca whilst we carry out this important strategic review. Ayawilca is an attractive project considering the grade and scale of the mineral resource and its strong economics based on the 2024 Ayawilca Preliminary Economic Assessment (see 2024 PEA news release). We believe that the strategic review process will ultimately lead to a favourable outcome for all shareholders and stakeholders."

The Company has not set a timetable for this process, nor has it made any decisions related to strategic alternatives at this time, and there can be no assurance that the exploration of strategic alternatives will result in any transaction. The Company does not plan to provide updates on the status of the strategic review process until it determines that further disclosure is necessary or appropriate.

On behalf of the Board,

Further Information:
www.tinkaresources.com
Mariana Bermudez 1.604.685.9316
[e-mail]



"Graham Carman"
Dr. Graham Carman, President & CEO







Stay up to date by subscribing for news alerts at Contact Tinka and by following Tinka on X, LinkedIn and Facebook.



About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver-tin project in central Peru. The Zinc Zone at Ayawilca has an estimated Indicated Mineral Resource of 28.3 Mt grading 5.82% zinc, 16.4 g/t silver, 0.2% lead and 91 g/t indium, and an Inferred Mineral Resource of 31.2 Mt grading 4.21% zinc, 14.5 g/t silver, 0.2% lead and 45 g/t indium. The Silver Zone has an estimated Inferred Mineral Resource of 1.0 Mt grading 111.4 g/t silver, 1.54% zinc, & 0.5% lead. The Tin Zone has an estimated Indicated Mineral Resource of 1.4 million tonnes grading 0.72% tin and an Inferred Mineral Resource of 12.7 Mt grading 0.76% tin. The Company filed a NI 43-101 technical report on an updated PEA for the Ayawilca Project on April 15, 2024 (link to NI 43-101 report here).

Dr. Graham Carman, Tinka's President and CEO, has reviewed, verified and approved the technical contents of this release. Dr. Carman is a Fellow of the Australasian Institute of Mining and Metallurgy, and is a Qualified Person as defined by National Instrument 43-101.

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the strategic review. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing and successful completion of the strategic review; timing of planned work programs and results varying from expectations; delay in obtaining results; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; timing of geological reports; the preliminary nature of the Ayawilca Project PEA and the Company's ability to realize the results of the Ayawilca Project PEA; the political environment in which the Company operates continuing to support the development and operation of mining projects; risks related to negative publicity with respect to the Company or the mining industry in general; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Tinka Resource Ltd.

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Hannan Permit Update for Drilling at the Belen Prospect, Valiente Project Peru

https://www.accessnewswire.com/newsroom/en/metals-and-mining/hannan-permit-update-for-drilling-at-the-belen-prospect-valiente-project-peru-984482

Thursday, 13 February 2025 06:30 AM

VANCOUVER, BC / ACCESS Newswire / February 13, 2025 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce receipt of the Authorization for Exploration Activities permit from the Ministry of Mines (MINEM) for its maiden drill program at the Company's 100%-owned Valiente copper-gold project in Peru (Figure 1).

Highlights:

Received Authorization for Exploration Activities permit (the "permit") following the previously announced DIA (Environmental Impact Statement) approval.

The Permit allows Hannan to start drill access work for 40 approved platforms within the 702-hectare Belen area.

Three highly prospective targets ready for drill testing (Figure 2):

Ricardo Herrera copper-gold porphyry with a 1.0 km by 0.25 km chargeability anomaly (15 platforms approved)

Vista Alegre epithermal gold prospect with a 2.4 km long geophysical anomaly (12 platforms approved)

Sortilegio copper-gold porphyry with a 1.2 km long chargeability anomaly (13 platforms approved)

Final steps before drilling can commence in Q2 2025:

Archaeological Monitoring Program (PMAR) approval

SERFOR deforestation authorization

Drilling contractor selection and mobilization



Michael Hudson, Executive Chairman and CEO, states: "Receipt of the Authorization for Exploration Activities is a key milestone in advancing our Belen prospect toward drilling which allows us to start access works for the maiden drill program. With the archaeological monitoring and forestry permits now in process, we are executing the final steps before mobilizing drills to site.

"The convergence of three significant targets - Ricardo Herrera, Vista Alegre, and Sortilegio - within an 8 km by 2 km trend demonstrates the scale of this mineralized system. Having 40 permitted drill platforms positions us to systematically test each target once these final steps are in place, with drilling anticipated to commence in Q2 2025.

"The drilling preparatory work at Belen is going on while we continue to explore the significant Previsto gold find, located 20 km to the northwest, where channel sampling recently identified continuous outcrop of alkalic-type epithermal gold mineralization that included 26.0 m @ 5.4 g/t Au and 27 g/t Ag".

Project Overview

The Belen prospect (Figure 2) is situated within Hannan's Valiente project, which has identified a new Miocene-age porphyry copper-gold belt in Peru's central eastern region. Recent geophysical surveys have defined significant anomalies at all three main targets:

At Ricardo Herrera, a substantial chargeability anomaly extends over 1,000 m by 250 m, coinciding with outcropping porphyry-style copper-gold mineralization within a multi-stage calc-alkaline intrusion. Surface mineralization shows strong phyllic and intermediate argillic alteration with both magnetite-bearing, quartz-biotite, and quartz-K-feldspar veining.

The Vista Alegre epithermal gold prospect features a 2.4 km long geophysical anomaly with two distinct signatures: a high chargeability-low resistivity zone coinciding with gold-in-soil anomalies up to 0.23 ppm, and high chargeability-high resistivity zones associated with mineralized quartz boulders assaying up to 1.98 g/t Au.

At Sortilegio, a 1.2 km long chargeability anomaly has been identified within an alkalic porphyry system, characterized by zoned and structurally controlled mineralization. The central mineralized zone measures 350 m × 350 m with high-density stockwork veining.


The Belen prospect represents approximately 4% of Hannan's total Valiente landholding, where the Company has identified 18 copper-gold porphyry and epithermal systems across a 140 km x 50 km area in Peru's back-arc region.

Prior to commencing the drilling program, Hannan is required to complete the following requirements as set out in the CIRA Archaeological Certificate (already obtained) and the DIA:

Submit and obtain approval for the Archaeological Monitoring Program (PMAR) from the Ministry of Culture, with the technical file to be submitted during March 2025.

Complete the SERFOR deforestation authorization process for species greater than 10 cm in diameter, with site visits scheduled for February 2025.

Finalize drilling contractor selection and mobilization plans for Q2 2025.


Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. ? At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 30g fire assay sample charge.

About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)

Hannan Metals Limited?is a resource and exploration company discovering and developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru.

Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
[phone], [e-mail]


Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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.



SOURCE: Hannan Metals Ltd.

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Buenaventura Announces Fourth Quarter 2024 Results for Production and Volume Sold per Metal

https://www.businesswire.com/news/home/20250211691679/en

February 11, 2025 04:13 PM Eastern Standard Time

LIMA, Peru--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM),

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Western Metallica Validates Copper Porphyry Potential by Completing Scout Drilling Program at its Caña Brava Cu-Mo Project In Peru

https://www.globenewswire.com/news-release/2025/02/12/3025024/0/en/Western-Metallica-Validates-Copper-Porphyry-Potential-by-Completing-Scout-Drilling-Program-at-its-Ca%C3%B1a-Brava-Cu-Mo-Project-In-Peru.html

February 12, 2025 08:15 ET | Source: Western Metallica Resources Corp.

TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS)

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Aftermath Silver Reports More Surface High Grade Silver and Copper Results

https://www.newsfilecorp.com/release/240365/Aftermath-Silver-Reports-More-Surface-High-Grade-Silver-and-Copper-Results

February 11, 2025 8:30 AM EST | Source: Aftermath Silver Ltd.

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF)

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Chakana Pivots to La Joya High-grade Silver Discovery and Proposes Share Consolidation

https://www.newsfilecorp.com/release/240361/Chakana-Pivots-to-La-Joya-Highgrade-Silver-Discovery-and-Proposes-Share-Consolidation

February 11, 2025 6:30 AM EST | Source: Chakana Copper Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2025) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), announces that it plans to expand on the success of its 2024 drill program by focusing on the exploration of the La Joya high-grade silver discovery confined to its Barrick option that also includes the Mega-Gold porphyry target area and the Compañero gold prospect. The Company also announces that it has relinquished its interest in the Aija option agreement in order to eliminate all remaining option payment obligations related to the Soledad mineral concessions and is initiating a proposed share consolidation.

2024 Exploration Success and 2025 Focus

The high-grade silver discovery from scout drilling at La Joya in 2024 yielded 1,005 gpt silver and 0.45 gpt gold over 0.75 m within 4.5 m of 323.6 gpt silver and 0.25 gpt gold from 58.0 m associated with a preserved lithocap and high sulfidation epithermal (HSE) style mineralization (see news release dated August 29, 2024). La Joya is located in the same belt with similar geology as the world-class multi-million-ounce Pierina HSE gold-silver deposit mined by Barrick and located 35 km to the north. La Joya is ready for follow-up drilling and has what appears to be a lower cost expansion discovery opportunity that will be the focus for 2025. Detailed mapping, sampling, and target definition work will be completed prior to a proposed 2,000 m drill program.

Limited scout drilling at Mega-Gold confirmed narrow zones of strong mineralization, a variety of porphyry-style vein types, elevated gold, copper, molybdenum, and hydrothermal alteration zoning consistent with a high-level porphyry environment. The Mega-Gold target area is defined by a very large 2.5 km2 gold in soil anomaly and warrants additional drilling.

Compañero is an exciting high-grade gold target that requires the final stage of permitting but holds promise after returning surface channel samples up to 14.4 gpt gold (see news release dated July 16, 2018). The final stage of permitting will be completed for this area for future drill testing.

Termination of Aija Option Agreement

The Company has decided to relinquish its interest in the Aija option agreement, eliminating all remaining option related property payment obligations for the Soledad property. Terminating the Condor option agreement (see news release dated October 8, 2024) and Aija option agreement alleviates cash payment commitments of US$3,275,000 on ground not deemed to be prospective for a larger discovery. As a result of terminating these agreements, the Company has no resource estimate on the Soledad project (see the Company's initial resource estimate news release dated February 23, 2022 and the technical report titled "Independent Technical Report for the Soledad Copper Project, Ancash Department, Peru" dated February 23, 2022, available under Chakana's issuer profile at www.sedarplus.ca).

The Company is focusing on the highly prospective Barrick option, now referred to as the La Joya Project (Figure 1), which has no cash payments and is based on expenditures in the ground (see news releases dated July 16, 2018, and October 12, 2021). The Company believes that this is both fiscally responsible and offers the greatest potential for larger discovery success.

Share Consolidation

The Board of Directors have approved a restructuring of the Company through a consolidation of the Company's issued and outstanding common shares on the basis of one (1) new common share for every ten (10) existing common shares (the "Consolidation").

The Consolidation will affect all shareholders uniformly (except for the treatment of post-consolidated fractional common shares, as noted below) and will not affect any shareholder's proportional ownership interest in the Company. The principal effects of the Consolidation will be that the number of common shares issued and outstanding will be reduced from approximately 267,008,571 pre-consolidation common shares outstanding as of the date hereof to approximately 26,700,857 post-consolidated common shares.

No fractional post-consolidation common shares will be issued. Any fractional common shares resulting from the Consolidation will be rounded down to the nearest whole common share. The exercise or conversion price and the number of common shares issuable under any convertible securities of the Company will be proportionately adjusted to account for the Consolidation. Registered shareholders will receive a letter of transmittal from TSX Trust Company, Chakana's transfer agent, with information on how to replace their pre-consolidated common shares with post-consolidated common shares. The completion of the Consolidation is subject to the approval of the TSX Venture Exchange ("TSX-V").

Qualified person

David Kelley, an officer and a director of Chakana and a qualified person as defined by National Instrument 43-101 - Standards for Disclosure of Mineral Projects, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD
(signed) "Douglas Silver"
Douglas Silver
Chairman of the Board

And

(signed) "David Kelley"
David Kelley
President and CEO

For further information contact:
Phone: [phone]
Email: [e-mail]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward looking statements or information relates to, among other things, the Company's exploration plans for the La Joya Project, our belief in the potential for mineralization on its exploration targets, and the proposed Consolidation of the Company's common shares. These forward-looking statements are based on management's current expectations and beliefs and involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks and risks that the development of the Company's material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; that each stage of work will be completed within expected time frames; that current geological models and interpretations prove correct; the results of ongoing work programs may lead to a change of exploration priorities; and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's management discussion and analysis, which is available under the Company's profile at www.sedarplus.ca. Accordingly, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.



Figure 1 - Map showing the 1,600 hectare La Joya Project located in Ancash, Peru, incorporating the Barrick option and Chakana-owned concessions. The currently known prospective areas are highlighted associated with anomalous gold in soil - La Joya, Mega-Gold, and Compañero. Principal structures, veins, and mantos in the western part of the Aija-Ticapampa mining district are also shown.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2172/240361_eb78ebf53478d8e4_001full.jpg

SOURCE: Chakana Copper Corp.

[Lone Clone]

Solis Minerals Provides Updated on Exploration Activities at the Cinto Project in Peru

Copper Porphyry Mineralisation Confirmed at Cinto 0.88% Cu over 23.4m

https://www.newsfilecorp.com/release/240346/Solis-Minerals-Provides-Updated-on-Exploration-Activities-at-the-Cinto-Project-in-Peru

February 11, 2025 6:00 AM EST | Source: Solis Minerals Ltd.

[Lone Clone]

Latin Metals and Vale Agree Data Purchase on Para Copper Project, Peru

https://www.globenewswire.com/news-release/2025/02/10/3023357/0/en/Latin-Metals-and-Vale-Agree-Data-Purchase-on-Para-Copper-Project-Peru.html

February 10, 2025 07:45 ET | Source: Latin Metals Inc.

VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has executed a data purchase agreement (the “Agreement”), with Vale Exploration Peru S.A.C., a wholly owned subsidiary of Vale Canada Limited (“Vale”). Under the terms of the Agreement, Vale has delivered a comprehensive package of exploration data covering Latin Metals’ 100%-owned Para copper project (“Para”) and extending to the surrounding area. As consideration for the exploration data, the Company has granted a time-limited Right of First Offer to Vale, which will become valid on completion of a prefeasibility study and expire in 2035.

“Vale’s extensive exploration work at Para provides invaluable technical insight, significantly enhancing our ability to advance the project with a more targeted and cost-effective approach," said Keith Henderson, CEO of Latin Metals. "By acquiring this data, we gain access to years of detailed exploration results that would have required substantial financial and time investments to replicate. This agreement not only accelerates our exploration timeline but also positions Latin Metals to make informed, strategic decisions as we move towards drill targeting. Importantly, we retain full ownership and control over the project, while Vale secures a ROFO should we advance to prefeasibility."

Exploration Data Overview

The dataset acquired from Vale includes:

Geological mapping at a 1:10,000 scale
282 rock sample assay results
Geophysical induced polarization survey results (18-line km, 400m spacing)
Ground magnetic and radiometric survey data (44-line km, 200m spacing)

The acquisition of this data represents a significant advantage, as it allows Latin Metals to leverage Vale’s extensive prior work, minimizing risk and accelerating the next stages of exploration. Vale’s exploration efforts identified four drill targets and historically Vale completed drill permitting, providing a strong indication that Para is a projects where new drill permits could be obtained.

Para Copper Project Background

The Para Copper Project is located within Peru’s Coastal Copper Belt, a well-established mining region known for hosting world-class copper deposits. This area benefits from well-developed infrastructure, including road access, power, and proximity to ports, facilitating efficient exploration and potential future development. The project covers 1,900 hectares, where Latin Metals' exploration has identified extensive surface copper mineralization. Geochemical sampling has returned copper values ranging from 251 ppm to 1,505 ppm, along with molybdenum mineralization up to 46 ppm. Two primary anomalous zones have been delineated, including a 2,000m x 1,000m area, highlighting the project's strong potential for copper discoveries.

Next Steps

Latin Metals’ technical team will integrate and analyze the acquired data in the coming weeks. This review will refine exploration models and support future drill targeting, allowing the Company to prioritize high-potential areas with greater confidence.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.

Stay up-to-date on Latin Metals developments by joining our online communities on X, Facebook, LinkedIn and Instagram.

Qualified Person

Keith J. Henderson, P.Geo., is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

On Behalf of the Board of Directors of

LATIN METALS INC.

“Keith Henderson”

President & CEO

For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.com.

For further information, please contact:

Keith Henderson

Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2

Phone: [phone]
E-mail: [e-mail]

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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading “Risk Factors” in the Company’s annual management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

[Lone Clone]

ReElement Technologies Begins Weekly Shipments of High Purity Rare Earth Elements to Secure a Domestic Critical Mineral Supply Chain

ReElement's multi-mineral, multi-feedstock refining platform is the only rare earth oxide producer able to economically separate and refine heavy rare earth elements in the U.S.

ReElement's innovative critical mineral refining platform is scalable, cost competitive and environmentally safe, enhancing the United States' national security and economic prosperity

Company's Marion, Indiana Super Site is being developed to supply heavy and light rare earth elements and critical battery minerals to its customer base while expanding its capabilities to include other defense-related minerals that have historically been sourced exclusively from China

https://www.accessnewswire.com/newsroom/en/metals-and-mining/reelement-technologies-begins-weekly-shipments-of-high-purity-rare-earth-elements-980593

Thursday, 06 February 2025 08:00 AM

FISHERS, IN / ACCESS Newswire / February 6, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its holding in ReElement Technologies Corporation ("ReElement"), a leading provider of high-performance refining capacity of rare earth and critical battery elements, has commenced weekly shipments of high-purity rare earth oxides to its expanding customer base within the domestic and allied supply chains. ReElement's daily production of both magnet-grade heavy and light rare earth oxides and battery-grade lithium carbonate is enabling more consistent and scalable shipments to customers. Additionally, ReElement's growing order book for 2026 currently represents an estimated $75 million - $100 million in revenue, as the company scales into its Marion, Indiana Advanced Technology Center.

Mark Jensen, CEO of American Resources Corporation and ReElement Technologies Corporation commented, "ReElement Technologies occupies a critical position in today's supply chain, commercializing what we believe is one of only two foundational technologies capable of separating and purifying complex mixtures of critical and rare-earth elements at scale. Driven by American innovation, our ability to economically produce ultra-pure critical mineral commercial products is the key to unlocking a robust domestic supply chain - one that also strengthens U.S. national security and economic prosperity. Our proprietary and patented multi-mineral refining platform allows us to respond to highly dynamic market demands faster, more efficiently, and with significantly lower stakeholder risk than any other existing solution. Our recent progress in antimony refining exemplifies our ability to source feedstock, develop and optimize process flows, and deliver ultra-pure commercial products to our emerging and established markets. We are immensely proud of our team for achieving this milestone, and we remain committed to driving mission-critical solutions while creating stakeholder value for all of our entities."

ReElement's advanced refining technology is leading and catalyzing a resilient critical mineral supply chain by addressing the largest bottleneck in the fragile global market - midstream processing and refining. ReElement strategic approach and milestones include:

Commercializing advanced refining technology capable of separating and purifying critical minerals to ultra-high purity at a competitive, if not lower, cost that China.

Applying market-leading technology to both primary and recycled feedstocks, addressing both sustainability goals and supply urgency.

Sourcing high-quality feedstocks from allied partners.

Building collaborations with both government and private market stakeholders.

Catalyzing and supporting domestic manufacturing of advanced technologies through supply agreements of high-purity, low-cost inputs.

Scaling and deploying our platform technology in strategic regions, either through owned and operated facilities or via the Powered-by-ReElement separation-as-a-service model.

Learn more about ReElement Technologies' process and technology here - Video.

About ReElement Technologies Corporation
ReElement Technologies Corporation is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About American Resources Corporation
American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals.

Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Investor Contact:
JTC Team, LLC
Jenene Thomas
(908) 824 - 0775
[e-mail]

Media Inquiries:
Marjorie Weisskohl
703-587-1532
[e-mail]

Company Contact:
Mark LaVerghetta
317-855-9926 ext. 0
[e-mail]

SOURCE: American Resources Corporation

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Cerro de Pasco Resources Announces New Results from Quiulacocha Silver-Zinc-Lead Zone, Confirming Significant Increase in Gallium and Lead Levels

https://www.globenewswire.com/news-release/2025/02/04/3020285/0/en/Cerro-de-Pasco-Resources-Announces-New-Results-from-Quiulacocha-Silver-Zinc-Lead-Zone-Confirming-Significant-Increase-in-Gallium-and-Lead-Levels.html

February 04, 2025 08:15 ET | Source: Cerro de Pasco Resources

MONTREAL, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP)

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Condor Confirms Copper Molybdenum Porphyry Discovery at Rio Bravo With Newly Acquired Data

https://www.accessnewswire.com/newsroom/en/metals-and-mining/condor-confirms-copper-molybdenum-porphyry-discovery-at-rio-bravo-with-newly-acqui-977915

Monday, 03 February 2025 07:30 AM

Highlights:

Historical drilling, geochemical and geophysical data recently obtained from a major mining company that previously controlled the Rio Bravo project confirms intersections of significant porphyry copper and molybdenum mineralization associated with a largely untested target.

Three historical drill holes completed in 2012 encountered 200+ m intercepts of mineralization:

DDH-01 intersected 220 m grading 0.32% Cu and 275 ppm Mo (0.51% CuEq)*

DDH-06 intersected 324 m grading 0.32% Cu and 199 ppm Mo (0.47% CuEq)*

DDH-08 intersected 312 m grading 0.29% Cu and 329 ppm Mo (0.54% CuEq)*

After a thorough review of this newly acquired data package including surface mapping rock geochemistry and ground geophysics, Condor interprets the potential for discovery of a higher-grade core of the Rio Bravo porphyry system as being centered approximately 400 m southeast and somewhat deeper from the location of the prior encouraging drilling activity.

Rio Bravo is a highly marketable project for Condor creating accretive value for our shareholders

VANCOUVER, BC / ACCESS Newswire / February 3, 2025 / Condor Resources Inc. ("Condor" or the "Company") (TSXV:CN

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Aftermath Silver Reports Near Surface High Grade Silver and Copper Results

https://www.newsfilecorp.com/release/238925/Aftermath-Silver-Reports-Near-Surface-High-Grade-Silver-and-Copper-Results

January 30, 2025 8:30 AM EST | Source: Aftermath Silver Ltd.

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF)

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Roberto Resources Completes Fieldwork Activities at Janampalla

https://www.newsfilecorp.com/release/238646/Roberto-Resources-Completes-Fieldwork-Activities-at-Janampalla

January 28, 2025 9:00 AM EST | Source: Roberto Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - ROBERTO RESOURCES INC. (CSE: RBTO) ("Roberto" or "the Company") is pleased to announce that it has completed a geological mapping, rock chip and soil sampling program at its Janampalla Property, located in Perú.

The exploration program focused on the Terrinas, Viscacheros, Moises and Pamella veins and historical mines in the southern part of Janampalla. A total of 170 rock-chip vein and float samples were collected from multiple vein systems and proximal outcrops. An additional 60 orientation soil samples were collected at 10 m intervals along a number of sample lines oriented normal to vein strike.

Samples have been submitted to Alfred H Knight (AHK) assay laboratory in Lima, Perú for gold analysis by 50 g fire assay with AAS finish and for multi-element ICP analysis following a 4-acid digest. AHK is a fully ISO and UKAS accredited and certified assay laboratory who is independent of Roberto. The company will provide further update once assay results are received.

Qualified Person

Dr. Christopher Wilson, Ph.D., FAusIMM (CP), FSEG, FGS, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Roberto Resources Inc.

Roberto is engaged in the acquisition and exploration of its Janampalla Property, which is comprised of three exploration concessions for total area of 2,800 hectares and is located in the Huancavalica Province of Central Perú. Roberto currently holds an option to acquire a one hundred percent (100%) interest in the Janampalla Property. Roberto is focused on continuing exploration work that has indicated widespread, high-grade copper-gold mineralization hosted within Manto style veins and disseminations.

For more information please contact:

Todd Anthony
President & CEO
T: 604-416-1719
Email: [e-mail]

This news release includes certain statements that may be deemed "forward-looking statements", including statements respecting the services to be provided by Roberto. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward looking statements. Although Roberto believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward looking statements because Roberto can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in Roberto's disclosure documents which can be found under Roberto's profile on www.sedarplus.ca.

Neither the Canadian Securities Exchange ("CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Roberto Resources Inc.

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Daura Gold Announces Closing of Qualifying Transaction

https://www.newsfilecorp.com/release/238022/Daura-Gold-Corp.-Announces-Closing-of-Qualifying-Transaction

January 21, 2025 6:43 PM EST | Source: Daura Gold Corp

Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Daura Gold Corp. (TSXV: DGC)

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Element 29 Announces Results from Elida Phase-III Drill Program including 1039.6 metres of 0.54% CuEq2

https://www.newsfilecorp.com/release/238016/Element-29-Announces-Results-from-Elida-PhaseIII-Drill-Program-including-1039.6-metres-of-0.54-CuEq2

January 22, 2025 8:00 AM EST | Source: Element 29 Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU)

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Camino Commences Copper Discovery Exploration Drilling at the Los Chapitos Project in Peru

https://www.accessnewswire.com/newsroom/en/metals-and-mining/camino-commences-copper-discovery-exploration-drilling-at-the-los-chapitos-project-in-peru-971879

Wednesday, 22 January 2025 06:00 AM

VANCOUVER, BC / ACCESS Newswire / January 22, 2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ("Camino" or the "Company") is pleased to announce the commencement of its exploration campaign at the Los Chapitos Copper Project ("Los Chapitos" or the "Project") in Peru. The campaign is fully funded through a CAD$1.5 million earn-in payment by Camino's exploration partner at Los Chapitos, Nittetsu Mining Co., Ltd. ("Nittetsu") (see news release dated December 12, 2024).

"The Pampero drilling target lies along the major La Estancia fault that extends for over 12km at the Los Chapitos copper project. We are drilling newly identified copper breccias and copper mantos that have been mapped at surface to determine their extension at depth" said Camino's partner at Los Chapitos, Nittetsu geologist, Yoshikazu Fujimoto. "Our goal is to intersect bulk tonnages of near-surface copper oxide, with the possibility for copper sulphide extensions at depth."

The drilling campaign will focus on copper oxide zones and explore potential copper sulphide mineralization. The campaign is planned as 11 drill holes and approximately 1,200 meters in total to be drilled. The campaign will focus on copper mineralization targets along the La Estancia fault that extends for over 12km NW-SE, one of several mineralized trends at Los Chapitos (Figure 2 and Figure 3) (see news release dated October 22, 2024). Geochemical sampling in trench channels show copper oxides grades up to 3.8% Cu and 4.0 ppm Ag.

Figure 1. Hydrothermal breccia at Pampero with copper oxides az. 340 and dip 36° East and thickness of 1.5m






Figure 2. Location of the main exploration targets.






The main goal of the drilling campaign at the Pampero target is to intercept the projected bodies of breccias (Figure 1) or mantos at depth with the copper oxide and sulfide mineralization observed at surface. Surface mineralization observed during mapping includes malachite/atacamite, chrysocolla, chalcopyrite, and specularite (Figure 3), with strong chloritic-sericitic-silice alteration on the surface at the contact of the intrusive bodies of monzonite composition in contact with the Chocolate Formation. The intersection of major structures, such as the La Estancia fault, with other minor structures allows for the opening for feeders and feeder-type mineralization conduits and lentiform mantos that are similar to those mapped in previous years along the Diva Trend.

Figure 3. Geological map of the Pampero target and the location of the proposed drillings.






Option Grants and Issuance of Shares
The Company has granted incentive stock options to its directors, officers, and employees to purchase 675,000 shares of the Company on or before January 20, 2030, at an exercise price of $0.36 in accordance with its Amended and Restated Equity Incentive Plan.

In addition, the Company is issuing 147,059 common shares to a non-related third-party, Resource Play (the "Finder") as finder's fees in connection with the Earn-in Agreement with Nittetsu Mining Co., Ltd ("Nittetsu") for the Los Chapitos Property. The issue of 147,059 common shares to the Finder has been adjusted for the 6:1 Share consolidation the Company completed on January 20, 2025.

The TSX Venture Exchange (the "TSXV") previously provided approval for the issuance of 2,235,295 pre-consolidation common shares to the Finder which was completed in April 2024 (see news release dated April 3, 2024). The TSXV also provided conditional approval for the issuance of further common shares to the Finder if Nittetsu exercised their right under the agreement to contribute their 3rd option instalment payment of CDN$1,500,000 to Camino, a contribution which Nittetsu made in May 2024.

The finder's fee agreement was previously announced on February 1, 2023, and June 14, 2023, and the issue of stock to satisfy the finder's fee was announced on January 10, 2023.

About Camino
Camino is a discovery and development stage copper exploration company. On October 7, 2024, Camino signed a Definitive Agreement to purchase the construction-ready Puquios copper mine in Chile. Camino is focused on developing copper producing assets such as Puquios, and advancing its IOCG Los Chapitos copper project located in Peru through to resource delineation and development, and to add new discoveries. Camino has also permitted the Maria Cecilia copper porphyry project for exploration discovery drilling to add to its NI43-101 resources. In addition, Camino has increased its land position at its copper and silver Plata Dorada project. Camino seeks to acquire a portfolio of advanced copper assets that have the potential to deliver copper into an electrifying copper intensive global economy. For more information, please refer to Camino's website at www.caminocorp.com.

Jose A. Bassan, MSc. Geologist, an independent geologist FAusIMM (CP) 227922, a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this document. Mr. Bassan has reviewed and verified relevant data supporting the technical disclosure, including sampling and analytical test data.

ON BEHALF OF THE BOARD

For further information, please contact:

/S/ "Jay Chmelauskas"

Camino Investor Relations

President and CEO

[e-mail]



Tel: [phone]





Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking information. In making the forward-looking disclosures in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Forward-looking information in the release includes, without limitation, statements with respect to the prospectivity of future exploration work at Los Chapitos, future planned drilling programs, and prospectivity for copper exploration in new targets. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release is subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such risk factors include, among others, that actual results of the Company's exploration activities may be different than those expected by management, that the Company may not realize the benefits of joint ventures and/or strategic partnerships with respect to the Company's properties, that the Company may be unable to obtain or may experience delays in obtaining any required authorizations and approvals and the state of equity and commodity markets. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Camino Minerals Corp

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African Energy Metals Announces Option Agreement to Acquire a 100% Interest in Ninobamba Advanced Silver Gold Project in Peru and Private Placement

https://www.newsfilecorp.com/release/237976/African-Energy-Metals-Announces-Option-Agreement-to-Acquire-a-100-Interest-in-Ninobamba-Advanced-Silver-Gold-Project-in-Peru-and-Private-Placement

January 21, 2025 2:40 PM EST | Source: African Energy Metals Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - African Energy Metals Inc. (TSXV: CUCO.H) (FSE: BC2) (WKN: A3DEJG)

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SILVER MOUNTAIN LETTER TO SHAREHOLDERS: 2024 ACHIEVEMENTS AND 2025 GOALS FOR RELIQUIAS MINE PRODUCTION

https://www.newswire.ca/news-releases/silver-mountain-letter-to-shareholders-2024-achievements-and-2025-goals-for-reliquias-mine-production-830960566.html

News provided by Silver Mountain Resources Inc. Jan 21, 2025, 07:00 ET

TORONTO, Jan. 21, 2025 /CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the "Company") (TSXV: AGMR) (OTCQB: AGMRF) is pleased to share an update with its valued shareholders regarding our planned activities for 2025, alongside a review of our significant achievements from 2024.

Dear Shareholders and Stakeholders,

We are excited to reflect on our notable progress over the past year and outline the exciting plans for Silver Mountain in 2025. Our unwavering mission—to establish Silver Mountain as a leading entity in the mining sector—remains the driving force behind our efforts. As we embark on a transformative 2025, we are leveraging the strong foundation laid in 2024 to advance our projects, prioritize sustainability, and create lasting value for all of our stakeholders. Your trust and support has been invaluable in our journey, and we sincerely appreciate your partnership.

Looking to the future, we are optimistic about our growth prospects. Through strategic investments and focused execution, we aim to reach significant operational milestones that will position Silver Mountain as a premier silver producer in the industry. Our commitment to providing robust returns for our shareholders is matched only by our dedication to safety, environmental stewardship, and community engagement.

Highlights of Our Achievements in 2024:

Zero-Accident Safety: We maintained a flawless safety record throughout 2024, reflecting our unwavering dedication to the health and well-being of our workforce.
Resource and Technical Reports Published: We completed an updated mineral resource estimate ("MRE") and finalized a positive Preliminary Economic Assessment ("PEA") highlighting a Pre-Tax Net Present Value (NPV) at a 5% discount rate of C$107 million and a Pre-Tax Internal Rate of Return (IRR) of 57%. Post-tax figures show a Net Present Value of C$85 million and an Internal Rate of Return of 51% at a 5% discount rate, providing a robust framework for our next development phase.1
Ongoing Mining Operations Certification: We received the ongoing mining operations certification for the Reliquias Mine which enables the Company to restart production and processing operations with no additional governmental approvals. This critical milestone classifies the Reliquias Mine and Caudalosa Plant as ongoing mining operations.
Mining Closure Plan Approval Secured: We successfully obtained mine closure plan approval, avoiding the first-year bank guarantee payment, resulting in substantial financial savings and showcasing our efficiency in managing regulatory processes.
Extended Environmental Certification: Our environmental certification (ITS) has been extended until June 2034, solidifying our commitment to long-term operational compliance and environmental stewardship.
Complete Rehabilitation: We achieved 100% rehabilitation of key areas (15 km), ensuring our readiness to initiate operations and meet essential milestones for future production.
Geotechnical and Survey Advances: Our team completed comprehensive geotechnical mapping and logging and developed an in-house model, along with detailed topographic surveys of the tailings facilities, stockpile areas, and the mine, facilitating optimized design and planning.
Strategic Mining Plans: We developed both short- and long-term plans that emphasize sustainable resource extraction and efficient production methodologies.
Social Stability Achieved: Through effective community engagement, we secured social peace and conducted successful elections, strengthening local partnerships and ensuring the Company's surface rights at the Reliquias Mine area for the next 20 years.
Strong Financial Performance: We raised approximately C$10 million in April and established a C$25 million base shelf prospectus, ensuring financial resilience and readiness for upcoming financing opportunities.




_________________________________

1 Please refer to the "Amended and Restated NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine", dated October 28, 2024 and available on the Company's profile on SEDAR+ at www.sedarplus.ca.




Outlook for 2025

As the Reliquias Mine restart approaches, the Company expects that 2025 will be a transformational year in our plan to become Peru's newest silver producer. The most important milestones we have set ourselves for the year are:

Strengthening Community Partnerships: Building on our existing outreach programs, we will continue fostering positive relationships with local communities and advancing ongoing negotiations to ensure mutual benefits.
Securing Additional Financing: We are evaluating critical financing opportunities to support our growth initiatives, ensuring the necessary capital for our development plans and the commencement of operations at the Reliquias Mine.
Advancing Mine Development: We will initiate 4,650 meters of underground tunnelling, enabling access to prioritized ore zones for the commencement of production and unlocking the full potential of the Reliquias Mine.
Rehabilitation and Commissioning of the Caudalosa Plant: We will focus on rehabilitating and recommissioning the Caudalosa plant to enhance operational efficiency and maximize processing capacity.
Upgrading and Recommissioning Tailings Storage Facility: We will undertake key upgrades to our existing tailings storage facility, ensuring the safe and sustainable management of our resources.
Initiating Operations Testing: We are targeting the second half of 2025 to begin operations testing, which we anticipate will be a significant milestone in our operational timeline.
Exploration and Resource Expansion: We will continue our targeted and intensive exploration efforts to expand our mineral resource base and extend the mine life, positioning the Company for long-term growth and success.

These milestones underscore our disciplined approach to growth and commitment to delivering value to our shareholders. We are confident that 2025 will solidify Silver Mountain Resources' position as a leading and responsible silver producer in the industry.

Sincerely,

Alvaro Espinoza, CEO

www.agmr.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Qualified Person

Gerardo Acuña is an independent consultant of the Company and the Qualified Person (within the meaning of National Instrument 43-101 – Standard of Disclosure for Mineral Projects) who has reviewed and approved the scientific and technical information contained in this news release.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Silver Mountain's current expectations and views of future events. Any statements that express or involve discussions as to expectations, beliefs, plans, objectives, assumptions, or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to, "expects", "will continue," "is anticipated," "anticipates," "believes," "estimated," "intends," "plans," "forecast," "projection," "strategy," "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions, and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements in respect of the commencement of operations at the Reliquias Mne; the ability of the Company to secure financing; and the Company's exploration and development plans, including with respect to the rehabilitation and recommissioning of the Caudalosa plant and upgrading the tailings storage facility. No assurance can be given that these expectations will prove to be correct, and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors set forth under "Caution Regarding Forward-Looking Statements" and "Risk Factors" in the Company's Annual Information Form dated April 26, 2024, and other disclosure documents available on the Company's profile on SEDAR+ at www.sedarplus.ca. Silver Mountain undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

SOURCE Silver Mountain Resources Inc.

For Further Information Contact: Alvaro Espinoza, Chief Executive Officer, Silver Mountain Resources Inc, 82 Richmond Street East, Toronto, ON M5C 1P1, [phone], [e-mail]

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Palamina Identifies Multiple Manganese Pathfinder Anomalies at the Galena Silver Copper Project

https://www.newsfilecorp.com/release/237807/Palamina-Identifies-Multiple-Manganese-Pathfinder-Anomalies-at-the-Galena-Silver-Copper-Project

January 20, 2025 8:00 AM EST | Source: Palamina Corp.

Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has completed an initial systematic soil sampling program utilizing a hand held XRF (X-Ray Fluorescence) spectrometer at its 100% owned Galena Silver Copper Project in south-eastern Peru.

Highlights:

Over 900 soil samples collected in 3 zones
Large silver, copper, manganese anomalies outlined in areas with quaternary cover
Manganese pathfinder element for Carbonate Replacement Deposits ("CRD") in the district
NW-SE and NE-SW orientation to anomalies confirm regional metallogenic trends

Andrew Thomson, President of Palamina commented: "At Galena, XRF soil sampling was carried out in the Gris, Verde and Rosa mineralized zones and served to confirm that manganese rich minerals are present in all 3 target areas sampled and within the same NE regional trend as the Santa Barbara Mine and Aftermath Silver's Berenguela Manganese project. Palamina intends to expand the XRF survey to cover a larger area following which a gravity geophysical survey is planned to define drill targets to test for silver-copper- manganese CRD deposits. "


To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/237807_9cdbfee1745959c7_002full.jpg

Palamina collected 933 B-horizon and regolith samples within five zones at 100 metre intervals along lines spaced 100 metres apart. A 2 x 1.5 km manganese anomaly is centered on the southern part of the Gris anomaly in an area with little outcrop. Similar anomalies are found over the Rosa and Verde zones, confirming that Galena could host CRD mineralization with similar size and scope as the Santa Barbara and Berenguela mines located NNE of the historic Santa Rosa mine within Galena.



Figure 1: Manganese (Mn) results in ppm from XRF soil survey

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/237807_9cdbfee1745959c7_003full.jpg



Figure 2: Silver (Ag) results in ppm from XRF soil survey

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/237807_9cdbfee1745959c7_004full.jpg



Figure 3: Copper (Cu) results in ppm from the 2024 Galena XRF soil survey

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/237807_9cdbfee1745959c7_006full.jpg

Mineralization occurs along veins, fractures, and in autobreccia matrix, all hosted in Miocene aged Tacaza formation volcanic flows, breccia and tuff. Cretaceous aged limestone, of the same formation that hosts CRD mineralization at Berenguela, outcrops on the north side of Galena.

The current XRF survey covered only a small portion (8 km2) of the target areas. Palamina intends to expand the XRF survey to cover a larger 30 km2 area pursuant to which a gravity survey is planned to test for CRD type deposits under the outcropping Tertiary volcanic geology. Figure 4 shows the remote sensing survey covering the Galena Project completed in the fall of 2024 and the close correlation between manganese-rich minerals and our known targets.



Figure 4: 2024 remote sensing survey map and 2024 soil sampling grid areas

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/237807_9cdbfee1745959c7_007full.jpg

Technical Note on Soil Sampling

All soil samples were collected by Palamina geologists and local helpers. In most cases, the "B-horizon" of the soil profile was collected. Only 200g of sample material is collected from each site, from which a soil sample pellet was produced. The pellet was subsequently dried and analyzed by a portable XRF (pXRF). Each sample was analyzed four times before entering the arithmetic average value for each element into the database. The method is designed to minimize the risk of contamination and ground disturbance. Certified reference material, blanks and field duplicates are routinely added to monitor the quality of the pXRF data.

The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca, P. Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice-President, Exploration of Palamina.

About Palamina Corp.

Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a 15.4% equity interest in Winshear Gold Corp. (TSXV: WINS) and a 2% NSR royalty on all their Peruvian projects. Palamina has 71,634,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.

On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: [phone] or visit www.palamina.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-Looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-Looking statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forward-Looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.

SOURCE: Palamina Corp.

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DLP Provides Exploration Update and Announces Appointment of Derek White to Board of Directors

https://www.newsfilecorp.com/release/237754/DLP-Announces-Appointment-of-Derek-White-to-Board-of-Directors-and-Provides-Exploration-Update

January 20, 2025 6:00 AM EST | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - January 20, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)

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Coppernico Metals Provides 2024 Recap and Strategic Outlook for 2025

https://www.globenewswire.com/news-release/2025/01/17/3011397/0/en/Coppernico-Metals-Provides-2024-Recap-and-Strategic-Outlook-for-2025.html

January 17, 2025 07:35 ET | Source: Coppernico Metals Inc.

VANCOUVER, British Columbia, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) (“Coppernico” or the “Company”), is pleased to share a corporate update, highlighting significant achievements in 2024, while providing the latest exploration findings and an overview of the Company’s strategic objectives for 2025. Coppernico remains confident in its strategy and ability to deliver shareholder value through disciplined exploration and is actively evaluating additional projects to strengthen and diversify its portfolio.

2024 Key Accomplishments

Exploration Progress at the Sombrero Project

Permitting Achievements:
Through its Peruvian subsidiary, Sombrero Minerales S.A.C., Coppernico received all the permits required for drilling which included up to 48 holes to be drilled from 38 drill pads within the Ccascabamba (formerly “Sombrero Main”) target area. This milestone enabled the commencement of the Company’s inaugural core diamond drilling program.
Applied to expand drilling permits from 48 to approximately 200 holes to significantly broaden the scope of exploration activities and increase the number of drills on-site to maximize the efficiency of its exploration efforts.
Drilling Program: The 2024 diamond drilling program (“Phase 1”) completed a total of approximately 5,203 metres of drilling across 12 holes, focused on testing high-priority targets within the Ccascabamba target area (Figure 1).
Notable Findings:
Initial assay results from holes 1 through 5 at the Corrales and Hojota targets indicate significant potential for copper and gold mineralization, showing grades comparable to those at the analogous Las Bambas mine, confirming the Company’s exploration thesis.
Highlights included 19 metres (“m”) of 0.50% Copper (“Cu”) and 27 m of 0.21% Cu drilled in hole 4, follow up drilling to expand on these intercepts is planned for 2025.
Preliminary Findings:
Preliminary data from holes 6 through 8 at the Hojota target, indicate the presence of copper mineralization associated with sulphides along the highly prospective contact zone between the Ccascabamba intrusive complex and the Ferrobamba limestone.
Holes 9 through 11 at the North Corrales and Chumpi targets have documented a high temperature portion of the hydrothermal system and have provided a refinement of our understanding of these undercover targets.




Figure 1: Phase 1 (2024) and Ongoing Drill Program at the Ccascabamba Target Area.

Community Engagement, Safety and Environmental

Strengthened Relationships: Worked with the local communities to implement initiatives such as truck driver educational workshops, geological technical training and support of AGROIDEAS programs, fostering mutual trust and collaboration.
Safety Excellence: Maintained a Total Recorded Incident Frequency Rate (“TRIFR”) of zero for all employees and contractors on-site, underscoring the Company’s commitment to workplace safety and well-being of its employees, contractors and related stakeholders.
Reclamation Initiatives: Implemented progressive reclamation of disturbed areas ensuring that land impacted by operations is restored, minimizing environmental footprint and promoting sustainable practices in partnership with local communities.

Capital Markets Activities

Commencement of Trading: The common shares of the Company commenced trading on the Toronto Stock Exchange (“TSX”) under the symbol “COPR” and on the OTCQB Venture Market under the symbol “CPPMF”.
Successful Financing: Secured $19.37 million (“mm”) in financing, including a 9.9% equity investment from Teck Resources, to advance the Sombrero Project.

Financial Overview

Strong Cash Position: As of December 31, 2024, Coppernico maintains a robust financial position with over $11mm in cash, allowing for the continued execution of its planned 30-hole drill program over the year ahead.
Strategic Budget Allocation: Allocated resources to advance exploration, community and capital markets initiatives, ensuring operational efficiency and progress:
Drilling and Exploration: Having recommenced field work on the project for the first time in four years, the Company initiated its inaugural drill program and completed 5,203 metres across 12 holes.
Mapping Programs: Mapping and sampling programs identified new exploration targets, growing the target pipeline which the Company plans to advance to a drill ready stage in 2025.
Community Development: Investments in community-focused projects strengthened relationships and fostered trust.
Marketing: Marketing activities focused on enhancing shareholder engagement and liquidity in the stock price, despite broader market pressures.

Ivan Bebek, Chair and CEO of Coppernico, stated, “2024 was pivotal for Coppernico as we achieved critical milestones, namely securing drill permits which allowed for the commencement of our inaugural drill program at the Sombrero Project, the completion of a $19.37mm financing during strong copper prices, and the commencement of trading on the TSX and OTCQB. These achievements have not only strengthened Coppernico’s position as a mineral explorer of a highly prospective project, but also expanded our global shareholder base.

We drilled approximately 5,200 metres since drilling commenced in mid-July, uncovering key promising areas within the Sombrero Project. While the results to date are consistent with our exploration thesis, we have encountered limited grades and width of the magnitude that we are targeting. However, we feel that we are at a pivotal point in our vectoring and understanding of the large skarn system that is present. With a steady drilling pace of approximately 1,000 metres per month, and disciplined financial management, Coppernico is in an excellent position to capitalize on exploration success.

As we look to 2025, our key focus includes the expansion of our drill permitted polygon and securing access to some of the most robust outcropping areas of the system. We look forward to the pending results from completed drilling and from the next set of holes currently in progress.”

2025 Outlook

Continued Exploration Strategy – Phase 2 Diamond Drilling Program

Coppernico’s 2025 objectives include continuing its drilling program by initiating Phase 2, which remains fully funded and permitted for the remainder of the program which was planned to include 30 holes and 11,500 metres of drilling in aggregate over Phase 1 and 2. The 2025 program is planned to focus on testing additional high-priority zones and expanding on existing promising targets from Phase 1.

Disciplined, widely spaced drilling in 2024 provided an initial high-level picture of this extensive and polyphase skarn system. The team is using this information to dramatically improve our understanding of the 3-D architecture of the hydrothermal system and is beginning to define a variety of zonation patterns based on geochemistry and alteration minerals. The results of this drilling have defined numerous high priority targets for follow up drilling. The next round of drill holes planned for 2025 will seek to test some of these specific ideas as the drilling vectors towards the more prospective parts of the system.

At the Hojota target, Coppernico plans to expand on the initial results intersected in drill hole 4, in particular the two shallow intercepts, which are wide open and require additional drilling to establish size and geometry of mineralization. The deeper intercept in drill hole 4 is ~300 m below surface and the team believes there is a chance to follow it closer to surface.

The initial Hojota target drill holes helped define the nature and location of the contact zone between the Ccascabamba intrusive complex and the Ferrobamba limestone. This contact zone is consistently associated with copper bearing iron-sulphide mineralization. To date, only approximately 1 km of the contact zone has been tested; further drilling will focus on identifying zones where metal rich retrograde fluids were concentrated.

Drilling at the North Corrales and Chumpi targets identified a significant polyphase intrusive complex with moderate potassic alteration and at least two overprinting skarn events. The drill holes intersected numerous yet narrow magnetite and sulphide bearing veins with strong copper mineralization, reinforcing the prospectivity of the northern contact zone between the Ferrobamba limestone and the Ccascabamba intrusive complex. Additional drilling is planned to look for exoskarn mineralization in this area.

In tandem with the continued exploration and permit expansion efforts, the Company is exploring opportunities for portfolio diversification by assessing potential acquisitions to mitigate geological and geopolitical risks.

Upcoming Conferences

Coppernico will be participating in key industry conferences throughout the first quarter of 2025, where CEO, Ivan Bebek, will be available for one-on-one meetings with investors, analysts, and industry stakeholders.

Vancouver Resource Investment Conference (VRIC) - January 19-20, 2025, in Vancouver, BC.
Coppernico will be present at booth #124 at the Vancouver Convention Centre West.
CEO Presentation is scheduled for Sunday, January 19 at 2:10 p.m. PT in Workshop 3.
Mr. Bebek will participate in the main copper panel titled “The 2025 Copper Forecast” on Sunday, January 19 at 4:30 p.m. PT at the Main Speaker Hall.
Prospectors & Developers Association of Canada Conference (PDAC) - March 2-5, 2025, in Toronto, ON.
Drill core samples from the Sombrero Project will be available at the Core Shack at booth #3109A on Sunday and Monday, March 2-3, offering the public a first-hand look at the mineralization.
Swiss Mining Institute Conference (SMI) - March 18-19, 2025, in Zurich, Switzerland.
CEO, Ivan Bebek, will be available for meetings at the Dolder Grand Hotel.

Conference materials will be posted on the Company's website at www.coppernicometals.com

Coppernico believes it continues to offer a strong value proposition for current and new investors, as outlined below:

Exposure to significant copper-gold discovery potential.
Favorable market dynamics with projected increased copper demand.
Proven management team with discovery and monetization experience and strong support from strategic investors, including Teck Resources with a 9.9% stake.
Fully funded for key catalysts including the completion of its ongoing 30 hole / 11,500 m drill program over the year ahead.

Coppernico thanks its shareholders and stakeholders for their support and collaboration throughout 2024. The Company looks forward to 2025 with optimism and wishes everyone a prosperous new year.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, M.Sc., CPG, Coppernico’s VP of Exploration, who is a “Qualified Person” (as defined in NI 43-101).

ON BEHALF OF THE BOARD OF DIRECTORS

Ivan Bebek
Chair & CEO

For further information, please contact:

Coppernico Metals Inc.

Phone: [phone]

Email: [e-mail]

Website: www.coppernicometals.com

Twitter: @CoppernicoMetal

LinkedIn: www.linkedin.com/company/coppernico-metals/

About Coppernico

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration excellence in pursuit of the discovery of world-class copper-gold deposits in the Americas. The Company’s management and technical teams have a successful track record of raising capital, discovery and the monetization of exploration successes. The Company, through its wholly-owned private Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, and is regularly reviewing additional premium projects to consider for acquisition.

The Sombrero Project is a land package of approximately 102,000 hectares (1,020 square kilometres) located in the north-western margins of the world-class Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characterized by copper-gold skarn and porphyry systems, and precious metal epithermal systems. The Company’s NI 43-101 technical report, with an effective date of April 17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the Sombrero Project.

Coppernico Metals Inc. is currently listed on the Toronto Stock Exchange under the symbol “COPR” and trades on the OTCQB Venture Market under the symbol “CPPMF”. More information about the Company can be found on the Company’s profile on SEDAR+ (www.sedarplus.ca).

Cautionary Note

No regulatory organization has approved the contents hereof.

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions and include, but are not limited to, statements with respect to: the Company’s drill plans, identifying targets for future exploration, the potential of the mineralization, and its financial position in the future. No certainty can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company’s AIF and other continuous disclosure filings with the Canadian Securities Administrators, available at www.sedarplus.ca. These factors are not, and should not be construed as being, exhaustive. Accordingly, readers should not place heavy reliance on forward-looking statements. The forward-looking statements contained in this new release are expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. The Company does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in the Company’s expectations except as otherwise required by applicable legislation.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4656b63a-9be6-44a4-ab6c-8fadf3ba2718

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Winshear Reports Drilling Results from the Coritiri Zone, Gaban Gold Project in Peru

4m grading 3.78g/t Au
21m grading 1.29g/t Au
4m grading 5.04g/t Au

https://www.globenewswire.com/news-release/2025/01/16/3010744/0/en/Winshear-Reports-Drilling-Results-from-the-Coritiri-Zone-Gaban-Gold-Project-in-Peru.html

January 16, 2025 08:00 ET | Source: Winshear Gold Corp.


VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV: WINS)

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Peruvian Metals Achieves Record Throughput at Aguila Norte Processing Plant and Summarizes Major Achievements for 2024

https://www.newsfilecorp.com/release/237161/Peruvian-Metals-Achieves-Record-Throughput-at-Aguila-Norte-Processing-Plant-and-Summarizes-Major-Achievements-for-2024

January 15, 2025 7:00 AM EST | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - January 15, 2025) - Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") announces production results for 2024 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru.

During 2024, the Plant processed a yearly record of 33,889 tonnes of third-party mineral. Compared with 30,199 in 2023, 29,667 tonnes in 2022 and 28,654 tonnes in 2021, production has increased five straight years. This represents an increase of 12.2 % compared to 2023.

The Company is also pleased with the progress during 2024 by consolidating the Palta Dorada Au-Ag-Cu project to hold a 100% interest in the property. The Company completed $250,000 US in property payments in 2024 to Rio Silver Inc. for their interest. The Palta Dorada property is located in Northern Peru and contains both high grade gold both in oxide and sulphide material. The Company re-established access roads to the underground workings in late 2024 and is currently reviewing other gold opportunities in the area for additional mineral feed for the Plant and a possible location for a future Carbon in Pulp ("CIP") Plant.

During 2024, the Company has also acquired a 50% ownership stake in San Maurizo Mines ("San Maurizo") a Manitoba based private company. San Maurizo holds the Mercedes Property situated in the Junin Department in central Peru through its Peruvian Subsidiary Basic Mineral S.A.C. The Property has a history of extensive underground workings, featuring numerous horizontal drifts and vertical raises totaling over 1,000 meters. Dating back to the early 1980s, previous operators concentrated on three primary structures known as Victor 1, Victor 2, and the Kelly vein. Over 15 sub-parallel Au-Ag-Pb-Zn mineralized structures have been identified showing significant potential. The Company has secured land use agreements with the local community and provisional permits to extract bulk samples for processing. Significant underground progress has been completed to commence bulk sampling in early 2025.

"We are pleased to achieve several milestones during 2024. The Company achieved record production at our Aguila Norte Plant. Significant progress at Palta Dorada and Mercedes properties will allow for mineral extraction during 2025. We will continue to review additional gold opportunities in Northern Peru by moving into the Peruvian gold space which is bolstered by the consolidation of Palta Dorada. The acquisition is one of many catalysts and sources of material for a potential CIP circuit," commented Jeffrey Reeder, C.E.O. of the Company.

Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.

About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. The Company continues to acquire and develop precious and base metal properties in Peru.

ON BEHALF OF PERUVIAN METALS CORP.
(Signed) Jeffrey Reeder

For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: [phone]
Email: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

SOURCE: Peruvian Metals Corp.

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C3 Metals Completes Soil Sampling over Khaleesi Copper-Gold Project, Peru - Commences Geophysical Surveys

https://www.newsfilecorp.com/release/237237/C3-Metals-Completes-Soil-Sampling-over-Khaleesi-CopperGold-Project-Peru-Commences-Geophysical-Surveys

January 15, 2025 7:00 AM EST | Source: C3 Metals Inc

. Toronto, Ontario--(Newsfile Corp. - January 15, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce the successful completion of a grid-based soil sampling program at its 100%-owned Khaleesi Copper-Gold Project ("Khaleesi" or the "Project") in Southern Peru. Assays are pending. A ground geophysical crew has now been mobilized with results anticipated by the end of March 2025.

Khaleesi represents a rare opportunity to explore an undrilled copper-gold mineralized skarn, epithermal and porphyry prospect on the well-known, world-class Andahuaylas-Yauri Porphyry-Skarn belt. The Company has strategically amalgamated a significant mineral concession package of over 30,000 hectares within 45km of the large Las Bambas (MMG) and Constancia (Hudbay Minerals) copper mines. Several major and intermediate mining companies hold mineral concessions surrounding C3 Metals' package and in the district (Figure 1).

Dan Symons, President and CEO, stated, "We have made significant progress at Khaleesi. Our programs follow the August 2024 signing of a surface access rights agreement with the Cancahuani community. We have since completed mapping, rock sampling and soil geochemical programs. The current ground geophysical program is the last step of data collection ahead of a maiden drill program. It is important to note that a significant part of the target area is covered by a thin glacial till, which is flanked by outcropping copper-gold mineralization. The geochemical and geophysical programs are critical for positioning the initial drill holes."

Highlights of the Khaleesi Exploration Program to Date

Rock chip samples collected at 25m to 50m spacing over a 2,000m by 1,000m zone in the areas where outcrop was available. Grades up to 2.82% copper, 6.0 g/t gold, 57.7 g/t silver and 403 ppm molybdenum (see press releases dated October 22, 2024 and January 8, 2025).

Completed a comprehensive 50m spaced grid soil sampling program covering the 3.3 sq km porphyry and skarn alteration zone - 451 samples submitted for analysis. Results pending.

Soil sampling program partially covers an area of glacial till, interpreted as a thin (<1m to 15m) layer concealing a skarn and porphyry alteration zone.

Ground Magnetic (Mag), Induced Polarization (IP) and Magnetotellurics (MT) geophysical surveys commencing.

Secured an additional 200-hectare mineral concession to expand the project area.

Khaleesi is located 8km west of the Company's Jasperoide Project, where the Company confirmed 13 skarn prospects along a 28km iron-skarn belt. Montana de Cobre ("MCZ") is the only skarn the Company has systematically drill tested to date, yielding a near surface Measured and Indicated Mineral Resource of 51.9 million tonnes at 0.50% total copper and 0.20 g/t gold for 569.1 million pounds of copper and 326,800 ounces of gold.1



Figure 1: Regional map showing C3 Metals' mineral concession package in relation to other large-scale operations, development projects and exploration projects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/237237_69870b9024d62915_001full.jpg

Prospect scale mapping at Khaleesi has confirmed an extensive zone of prograde and retrograde skarn that measures 1,200m by 1,000m and remains open in multiple directions. This mapping program also confirmed that glacial till conceals the contact between skarn altered rocks of the Ferrobamba Formation, the Andahuaylas-Yauri Batholith and post batholith diorite intrusions. The glacial till varies from less than 1m to 15m in thickness and covers 1.3 sq km of the 4.0 sq km prospective area (Figure 2). Glacial till makes surface exploration challenging due to the lack of outcropping rock in the central project area. Therefore, the Company is executing multiple ground geophysical surveys from January to March of 2025 to gather important subsurface data beneath the till occurrence.

The Khaleesi copper-gold skarn, epithermal and porphyry prospect has a defined alteration zone of over 1,000m by 1,500m. With outcropping copper-gold mineralization confirmed along both the eastern and western contact of the till occurrence, there is potential that the core part of the mineralized system lies beneath the till. Geochemical, geophysical and drill data will be collected to test this potential.



Figure 2: Khaleesi map showing pervasive magnetite and garnet-diopside skarn alteration near to an intrusive diorite containing porphyry-style B-veins. Also showing copper in rock chip geochemistry.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/237237_69870b9024d62915_002full.jpg

Next Steps

Arce Geofísicos crews and field gear have been mobilized to site. The magnetic, resistivity, chargeability and conductivity data and the subsequent imaging of the subsurface will provide the Company with critical information related to structural conduits and fluid pathways. This is an essential step for the design, development and execution of a maiden diamond drill program.

Arce Geofisicos will undertake 45.5-line kilometres of ground magnetics, 24.5-line kilometres of Induced Polarization and 14 full tensor stations of MT over Khaleesi. For ground magnetometry, the lines are 100m spaced with measurements taken continuously on the mobile and base magnetometers. The measurement frequency will be 1 reading/second. The magnetometer can identify magnetic anomalies such as intrusive bodies. The IP survey will collect galvanic resistivity and chargeability information over the survey area. Resistivity can be used to differentiate rock types, alteration-styles and identify structural features within rock units. Chargeability can indicate the presence of subsurface sulphides. IP lines are 200m spaced with readings recorded at 100m intervals. Pole-Pole arrays and 8 electrode intervals should permit a depth penetration of +580m. MT measures resistivity (or its inverse, conductivity) of subsoil material. Two Ex-Ey electrical components will be installed at each field station, each 100m long and oriented with magnetic north.

For additional information, contact:

Dan Symons
President and CEO
[phone]
[e-mail]

ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses and a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).

Related Link: www.c3metals.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.

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Technical Program

C3 Metals surface rock chip samples were sent to the ALS assay laboratories in Lima, Peru and the Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Rock chip samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. On average, 10% of the submitted samples are quality control samples. No data quality problems were indicated by the QA/QC program.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

1 Based on the assumptions and parameters outlined in the NI 43-101 Technical Report titled Jasperoide Copper-Gold Project Cusco Region, Peru dated July 5, 2023.

SOURCE: C3 Metals Inc.

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Hannan Metals Discovers 1.2 km Chargeability Anomaly at Sortilegio Copper-Gold Porphyry, Valiente Peru

https://www.accesswire.com/968837/hannan-metals-discovers-12-km-chargeability-anomaly-at-sortilegio-copper-gold-porphyry-valiente-peru

Wednesday, 15 January 2025 06:30 AM

VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to report the identification of a 1.2 km long chargeability anomaly at the Sortilegio copper-gold porphyry prospect within the Belen area of the Company's 100%-owned Valiente copper-gold project in Peru (Figure 1).

Highlights:

Significant 3D Induced Polarization ("IP") Discovery: Advanced geophysical surveys have delineated an extensive 1.2 km chargeability anomaly extending to 500 m below surface:

Shallow Structural target High-chargeability anomalies mapped below the surface extend up to 600 m along north-south oriented structures, demonstrating spatial correlation with gossanous gold-mineralized float on surface. (Figures 4 to 8).

Deep Porphyry Target A major chargeability anomaly extends 1.2 km in strike length, commences at 850 m RL (250 m below surface) and extends to 600m RL (500 m below surface). (Figures 4 to 8)

Strategic Location and expanding copper-gold mineral district: Sortilegio is part of the expanding 9.3 km long copper-gold district at Belen marked by the Vista Alegre epithermal system and the Ricardo Herrera copper-gold porphyry (Figure 9).

Drill ready: Sortilegio is now derisked and drill-ready with 13 platforms approved as part of the recently granted DIA permit (reported here). Drilling is anticipated to commence in Q2 2025.

Michael Hudson, CEO, states: "The discovery of this extensive 1.2 km chargeability anomaly at Sortilegio represents a significant milestone, exhibiting characteristics similar to global gold-rich and copper bearing alkalic porphyry systems.

"The Sortilegio target is part of our expanding Belen mineral district, where mineralization now extends over 9.3 km of strike length. This district includes the Ricardo Herrera copper-gold porphyry in the south, the Vista Alegre epithermal gold target, and the Sortilegio gold-copper target in the north. Each of these targets independently represent a potential company-making project.

"With 40 drill platforms now approved under our recently granted DIA permit, we are positioned to begin drilling in Q2 2025."

Geophysical Interpretation

The Sortilegio prospect features an exposed Miocene alkalic copper-gold porphyry system characterized by zoned and structurally controlled mineralization. Detailed geological mapping reveals a complex, multistage intrusive system with subtle cross-cutting relationships. High-grade mineralization is concentrated at the contact between K-feldspar megacrystic monzonite and the surrounding country rocks. The central mineralized zone measures 350 m × 350 m and contains high-density stockwork veining (>20 veinlets/m), surrounded by a peripheral zone of lower veinlet density (<20 veinlets/m). Systematic soil sampling on a 100 m × 100 m grid shows a central copper anomaly surrounded by a halo of gold, zinc, and lead values (Figures 2 to 3).

Recent 3D IP survey data has enhanced our understanding of the subsurface geology and strengthened our confidence in the drill program planned for Q2 2025. The survey identified two distinct types of anomalies:

1. Shallow Structural Features: High-chargeability zones mapped below the surface extend up to 600 m along north-south trending structures, coinciding with surface gossanous gold-mineralized float. The central anomaly is particularly significant (Figures 4 to 8), where near-surface chargeability features merge with a larger body at depth. These features are interpreted as structural pathways for mineralizing fluids.

2. Deep Porphyry Target: A major chargeability anomaly extends 1.2 km in strike length from 850 m RL (250 m below surface) to 600 m RL (500 m below surface). This anomaly remains open to both the north and south (Figures 4 to 8).

Geophysical Survey Details

The Induced Polarization ("IP") geophysical survey was carried out by GeoMad E.I.R.L, a Lima-based consultancy company. The survey employed a pole-dipole electrode configuration on single lines with electrode spacing at 100 m intervals. Four lines were surveyed with lengths varying between 1.2 km and 6.8 km. Equipment used included:

Huntec 10Kw 20A transmitter

10 channel ELREC PRO receiver

LECIA GS15 GNSS for station recording

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 30g fire assay sample charge.

About Hannan Metals Limited (TSXV:HAN) (OTCPK: HANNF)

Hannan Metals Limited is a resource and exploration company discovering and developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing, and advancing mineral projects in Europe and Peru.

Mr. Michael Hudson FAusIMM, Hannan's Chairman and CEO, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
[phone], [e-mail]

Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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.



















SOURCE: Hannan Metals Ltd.

[Lone Clone]

Element 29 Resources - Reviewing 2024 and a Look Ahead to 2025

https://www.newsfilecorp.com/release/237069/Element-29-Resources-Reviewing-2024-and-a-Look-Ahead-to-2025

January 14, 2025 8:00 AM EST | Source: Element 29 Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to provide the following letter to shareholders.

Fellow Shareholders,

In 2024, Element 29 Resources celebrated several significant milestones, highlighted by a major leadership transition. As the company's founder and former Chair, I, Richard Osmond, stepped into the President and CEO role. We also welcomed Manuel Montoya as Chief Technical Officer, who brings extensive experience in exploring porphyry copper deposits in Perú. Additionally, our Board of Directors was revitalized with experienced professionals tasked with guiding the Company in a new direction.

With a strong belief in our strategy, we raised $3.26 million from our supportive shareholders. These funds were used to complete two deep diamond drill holes at our flagship Elida Porphyry Cu-Mo-Ag Deposit, aiming to demonstrate the continuity of porphyry Cu-Mo-Ag mineralization beyond the existing pit-constrained mineral resource estimate. Both drill holes intersected greater than 950 metres of porphyry alteration starting from bedrock surface, with drill hole ELID033 still in strong alteration at a depth of 1,109.6 metres. These holes remain open for future drilling as the program was paused in late December 2024 for the holiday season, with assay results expected in the coming weeks.

Looking ahead to 2025, beyond the anticipated drill results, we have an active exploration program lined up in Perú, including:

Restarting the Elida Phase III drill program in Q2 to complete the remaining 5,000 metre diamond drill program, aimed at expanding Cu-Mo-Ag mineralization beyond the current pit-constrained inferred mineral resource estimate.
Conducting an audio-magnetotellurics (AMT) geophysical survey in late Q1 at Elida to further delineate Cu-sulphide mineralization within the large porphyry hydrothermal alteration footprint, to depths exceeding 1,000 metres.
Completion of a DIA environmental approval at Elida to expand the drill permit from 20 platforms to 40 platforms.
Securing final drill permit approval for the Flor de Cobre drilling campaign in Q2 to test the Atravesado porphyry Cu-Mo target.
Submitting a drill permit application for the Paka project in Q1, along with magnetometer and IP-resistivity geophysical surveys in Q3.

With so many upcoming catalysts, feel free to stop by the AMEBC Roundup 2025 where Manuel and I will be happy to discuss our exciting near-term opportunities. We can be found in the Exhibition Hall and Core Shack on January 22 and 23. If you can't meet us there, we'll also be at PDAC 2025 from March 2 to 5.

For any questions or to stay updated, we're always available at 1 888 246 7881, by email ([e-mail]), or visit our website.

We wish you all a safe and prosperous 2025.

Sincerely,

Richard Osmond
President, CEO & Director
Element 29 Resources Inc.

Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Richard Osmond (P.Geo.), Element 29's President and CEO, who is the "Qualified Person" as defined by National Instrument 43-101 Standards for Disclosure for Mineral Projects.

About Element 29 Resources Inc.
Element 29 is an emerging junior resource company with a highly experienced management team and board focused on exploring and potentially developing Tier-1 copper deposits in Perú, one of the lowest-cost, lowest-risk mining jurisdictions globally.

The Company's principal objective is to explore and potentially develop its Elida Porphyry Copper Deposit in west-central Perú which has an initial inferred Mineral Resource Estimate of 321.7 million tonnes grading 0.32% Cu, 0.03% Mo and 2.61 g/t Ag at a 0.2% Cu cutoff grade and a low 0.74:1 modeled strip ratio. The Mineral Resource Estimate information is available in "NI 43-101 Technical Report, Mineral Resource Estimation of the Elida Porphyry Copper Project in Perú" dated September 20, 2022, and prepared in accordance with Form 43-101F1 by Marc Jutras, P.Eng., M.A.Sc., Ginto Consulting Inc.

Alongside Elida, the Company has three (3) early stage, highly prospective porphyry Cu projects in Perú for more than 25,000 ha of titled concession. These include the Flor de Cobre porphyry Cu-Mo prospect situated in the Southern Perú Copper Belt, just 26 km from the Cerro Verde copper mine (Freeport-Buenaventura) as well as the Paka and Pahuay porphyry Cu skarn prospects related to potential tertiary-aged, mineralized porphyry complexes intruding along the eastern margin of the Peruvian Coastal Batholith.

All projects are well located for future mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.

More information is available at www.e29copper.com.

For more information:
Richard Osmond
CEO and Director
1-888-246-7881
[e-mail]

Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, "Forward-looking Statements"). Any statements that are contained in this press release that are not statements of historical fact may be deemed to be Forward-looking Statements. Forward-looking Statements are frequently, but not always, identified by words such as "may", "will", "intends", "proposed", "believes", "continues", "plans", "expects" or similar expressions (or the negative and grammatical variations of any of these terms). Forward-looking Statements in this press release include, but are not limited to, statements with respect to the Company's resource properties and future capital requirements; and the Company's plans, focus and objectives.

Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. Although Element 29's management considers these beliefs and assumptions reasonable based on currently available information, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking Statements necessarily involve known and unknown risks, and important factors, among others, that could cause actual results to differ materially from the Company's expectations include: uncertainties related to the Company's ability to access investors for the Financing; the timeliness and success of regulatory approvals; fluctuations in copper and other commodity prices; uncertainties inherent in the exploration of mineral properties; risks associated with general economic conditions; changes in legislation, income tax and regulatory matters; currency and interest rate fluctuations; inability to access sufficient capital from internal and external sources; and other risk factors set forth in the Company's prospectus under the heading "Risk Factors".

Readers are further cautioned not to place undue reliance on Forward-looking Statements as there can be no assurances that the plans, intentions or expectations upon which they are placed will occur. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Element 29 to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement. 1This news release contains information about adjacent properties on which Element 29 has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties

SOURCE: Element 29 Resources Inc.

[Lone Clone]

Western Metallica Drills Large Multiphase Porphyry System at Its Caña Brava Cu-Mo Project In Peru

https://www.globenewswire.com/news-release/2025/01/14/3009342/0/en/Western-Metallica-Drills-Large-Multiphase-Porphyry-System-at-Its-Ca%C3%B1a-Brava-Cu-Mo-Project-In-Peru.html

January 14, 2025 08:55 ET | Source: Western Metallica Resources Corp.

TORONTO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to report initial results from its ongoing drill program at the Luz Maria copper-molybdenum target, located within the Company’s 100%-owned Caña Brava Project, Northern Peru. The initial two completed drill holes hit at least two diorite intrusions and a polymictic hydrothermal breccia, displaying consistent strong potassic alteration, multiple vein systems and sulfide mineralization typical of Andean porphyry systems. Results from these two drill holes confirm homogeneous copper and molybdenum grades throughout the drill hole. A third drill hole intercepted 285 metres of quartz-monzonite and shows increasing alteration and mineralization intensity at depth. While most of the assays from this drilling program are pending, Company geologists believe that the intensity and extent of the alteration and mineralization system at Luz Maria indicates that the Company is operating within a major Cu-Mo porphyry system.

Drilling Highlights:

Three diamond drill holes have been completed to date at the Luz Maria prospect, all directed from the center of the surface geochemical anomaly to the center of the main chargeability anomaly. All drill holes intersected broad intervals of strongly altered intrusive rocks, with strongly developed potassic, phyllic and sodic alteration assemblages, typical of Andean porphyry systems.
The ongoing drill program is aimed at testing the copper-molybdenum mineralization found over an area of 500 metres by 300 metres, which represents less than 5% of the Luz Maria alteration footprint area defined so far, and is focused on a sector featuring strongly altered diorite and quartz-monzonite outcrops coincident with strong magnetic and chargeability anomalies identified by drone magnetic and Induced Polarization surveys completed during 2024.
Drill hole LM24DD001, completed by contractor Energold to a depth of 396.1 metres, intersected 275 metres of an altered and mineralized diorite host rock with continuous and homogeneous grades averaging 400 ppm Cu and 100 ppm Mo.
Strong, pervasive secondary biotite is observed throughout drill hole LM24DD001, often overprinted by a phyllic alteration assemblage of quartz and sericite. Mineralization occurs as chalcopyrite and molybdenite both as disseminations and in a stockwork of Early Biotite (EB, refer to Figure 1) and B veins.
Drill hole LM24DD002 was completed to a depth of 329.7 meters, with increasing alteration intensity and veining. Results have been received for approximately 50% of the samples obtained from this hole. The best result obtained so far is 1.8 metres at 0.2% Cu, from 146.7-148.50 metres, within a zone featuring high-density pyrrhotite-chalcopyrite veining (refer to Figure 2).






Figure 1 – LM24DD001 @ 54.70 metres – Subparallel Early Biotite veining and
disseminated chalcopyrite and molybdenite in biotite-altered diorite.




Figure 2 – LM24DD002 @ 148 metres - Irregular Pyrrhotite- Chalcopyrite
infill in biotite-altered diorite.

Drill hole LM24DD003, the easternmost hole drilled to date, was terminated earlier than planned at a depth of 330.45 metres due to operational issues. It intercepted a strongly altered quartz-monzonite intrusion, which outcrops nearby and is considered a host rock of the porphyry system. The intensity of the potassic alteration increases with depth and is overprinted by sericite. Of significance, the density of pyrrhotite-chalcopyrite-molybdenite veining also increases at depth suggesting an eastern vector to mineralization (refer to Figure 3).




Figure 3 – LM24DD003 @ 326 metres – Quartz-Molybdenite-Pyrrhotite-Chalcopyrite
vein in biotite-altered quartz-monzonite.

Drilling has confirmed the presence of a complex Cu-Mo porphyry system, with multiple intrusion phases, and multiple alteration and mineralization events observed in both the intrusive and siliciclastic sedimentary rocks.

Giovanni Funaioli, Vice President of Exploration of Western Metallica Resources commented: “Our technical team has designed a 6-hole maiden scout drill program at Luz Maria to test the potential size and grade of the porphyry system. The initial three shallow holes validated our exploration approach and assumptions by confirming that the magnetic and chargeability anomalies are related to a reduced copper-molybdenum bearing porphyry system, the source of which we are yet to find. So far, we have only tested 300 metres of a 2.5 km-major axis of the E-W trending alteration and mineralization surface footprint, and the increase in alteration intensity and veining density to the east suggests that we are getting closer to the core of the system”.

Mr Funaioli continued: “The large alteration footprint, coupled with the multiphase intrusions, widespread potassic alteration and well developed stockwork found in drilling, provide us with enough evidence that we are beginning to test a major porphyry system. Furthermore, we have dated the molybdenite at Luz Maria to 44Ma, a similar age to some of the main porphyry deposits located in Southern Peru such as Hudbay Minerals Constancia Mine, Glencore’s Antapacay Mine, MMG’s Las Bambas Mine, and Panoro Minerals Cotabambas Project.
The technical team is confident that not only will the Luz Maria porphyry system continue to grow with further exploratory drilling but that we will prove prospective size and grades consistent with equivalent deposits such as Element 29’s Elida Project. We continue to explore the other targets identified on surface, such as Caña Brava 1, where the Company plans to drill a 1.5 km by 1.5 km phyllic alteration anomaly in the near future.”

Background

Western Metallica holds the option to acquire 100% of the mineral claims, rights, and interests in Caña Brava, a Cu-Mo project located in Northern Peru (refer to press release dated August 10, 2023). The project lies within the under-explored Northern sector of the Cu-Mo metallogenic belt of Eocene age that hosts, to the South, world class deposits such as Las Bambas (MMG), Cotabambas (Panoro Minerals Ltd.), Constancia (Hudbay Minerals Inc.), Antapacay (Glencore) and discoveries such as Elida (Element 29 Resources), the first porphyry deposit of this age discovered in North Peru. The Company´s Caña Brava Project is well located in close proximity to industrial ports, major paved roads and is comprised of large, contiguous mineral concessions conducive to future project scalability.

The Caña Brava Project is a highly prospective 5,700-hectare package of concessions located 30 kilometres from the Peruvian coast, at an elevation of 1,500 metres in the Western Cordillera of the Peruvian Andes. The Caña Brava Project is neighboring Hudbay’s Llaguen Cu-Mo Project which lies on the Western margin of the Miocene epithermal-porphyry copper-gold belt of Northern Peru, with the potential for Caña Brava to similarly host shallow high-grade mineralization across a considerable alteration footprint. Western Metallica recently announced the launch of a first drill program at its Luz Maria copper-molybdenum porphyry prospect after having received its permit to drill from 19 platforms (refer to press release dated July 15, 2024). Luz Maria is a well-preserved porphyry system and priority drill target at the Caña Brava Project, where exploration work to date has successfully defined a cluster of multi-stage mineralized intrusions within a large 2.7-kilometre by 1.5-kilometre phyllic to incipient biotite-replacement alteration footprint, comparable in size to other major Peruvian porphyry deposits, and featuring multiple mineralized intrusion events (refer to press release dated September 24, 2024). The Company is also advancing with the drilling permitting on its Caña Brava 1 prospect, located on the Northwest sector of the Caña Brava Project, characterized by a distinctive 1.5-kilometre by 1.5-kilometre sized leached zone with goethite and hematite box works. Both environmental and social base lines, required to support the FTA process, have been completed for this sector. At Caña Brava 1, the diamond-sawn channel sampling campaign confirmed grades up to 0.3% Cu from 7 different intrusive recognized to date.

Quality Assurance and Quality Control

Sample preparation and analyses are conducted according to standard industry procedures. Rock samples are crushed, split, and pulverized prior to analysis of Gold by fire assay and Atomic Absorption and multi-elements by ICP-AES after four acid digestion. Analytical performance is monitored by means of certified reference materials (CRMs), coarse and fine blanks, coarse and pulp duplicate samples. Samples are prepared and analysed in SGS lab in Lima, Peru.

Qualified Persons

The technical and scientific information in this press release has been reviewed and approved by Mr. Giovanni Funaioli, EurGeol, Vice President Exploration of Western Metallica, who is a “Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Giovanni Funaioli is an employee of the Company and is not considered independent under NI 43-101.

About Western Metallica Resources Corp.

Western Metallica is an Ontario registered company with its head office in Toronto, Ontario, trading on the TSX Venture Exchange under symbol WMS. Western Metallica is in the business of mineral resource exploration and development and holds the option to acquire a 100% interest in the Caña Brava copper-molybdenum project located in La Libertad Department, Peru. Western Metallica is also advancing its 100% owned Nueva Celti Copper Property in the Ossa Morena belt in Andalusia, Spain, and three other Spanish gold projects in the “Navelgas Gold Belt” in Asturias, Spain (Penedela, Valledor and Sierra Alta).

Further information of the Company can be found at: www.westernmetallica.com

For more information please contact:

Western Metallica Resources Corp.
Gregory Duras
Chief Executive Officer
Email: [e-mail]

Investor Relations
Email: [e-mail]

Cautionary Notes

The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

This press release contains statements that constitute “forward-statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the planned drill program and the development of the Company’s projects and other mining projects and prospects thereof, the impact of the management additions on the Company; and the potential and economic viability of the Caña Brava Project. Such statements and information reflect the current view of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/51fd8439-dcc6-4c4c-9c7c-ee2620c2b755

https://www.globenewswire.com/NewsRoom/AttachmentNg/04cc1565-c978-4e32-8c52-84bad0086795

https://www.globenewswire.com/NewsRoom/AttachmentNg/25855c8c-1ec1-422d-9d02-ba82cfcf0007

[Lone Clone]

Hudbay to invest $210m in Constancia copper mine expansion in Peru

https://finance.yahoo.com/news/hudbay-invest-210m-constancia-copper-163052512.html

GlobalData
Wed, January 8, 2025 at 8:30 AM PST 2 min read

HBM
-0.40%

Canadian miner Hudbay Minerals is seeking a permit for a $210m (C$302.43m) expansion of its Constancia copper mine in Peru’s Cusco region.

This project will include upgrades at the Pampacancha satellite pit and is aimed at increasing the mine's output capacity while enhancing processing efficiency, as detailed in a report submitted to Peru’s environmental certifier, Senace, said a report by the Northern Miner.

The Constancia copper mine’s total proven and probable copper reserves are estimated at 527.2 million tonnes (mt), with a grade of 0.254%.

Data from Peru’s Ministry of Energy and Mines indicates that the mine produced 74,617 tonnes (t) of copper between January and October 2024, reflecting a 5.3% decline compared with the same period in 2023.

While complete results for 2024 are pending, the company expects to produce between 98,000t and 120,000t of copper concentrates.

The expansion strategy aims to broaden the Constancia pit, active since 2014, incorporate additional processing equipment and elevate the tailings dam wall. Hudbay expects construction to commence in the fourth quarter of this year.

The specifics of the project are outlined in the fourth technical support report (ITS) associated with Constancia’s environmental impact study. Five key upgrades are highlighted in the report, designed to optimise operations.

These upgrades include the installation of a third ball mill, two crushers and advanced ore-sorting machinery to process the harder ore currently being mined.

The implementation of these enhancements will not exceed the mine’s daily processing capacity of 85,000t.

The project is also set to maintain Constancia’s current operational timeline, with mining activities expected to continue through 2030.

In addition to the Peru project, Hudbay Minerals recently secured an air quality permit from the Arizona Department of Environmental Quality for the development and operation of its Copper World project in Arizona, US.

Located in Pima County, approximately 50km south-east of Tucson, the Copper World project is expected to produce 85,000t of copper annually during its initial mine life of 20 years.

This project includes seven deposits discovered in 2021, along with the East deposit, previously known as the Rosemont deposit.

"Hudbay to invest $210m in Constancia copper mine expansion in Peru" was originally created and published by Mining Technology, a GlobalData owned brand.

[Lone Clone]

C3 Metals Further Expands Khaleesi Copper-Gold Mineralization in Peru Latest Rock Samples Return up to 1.80% Copper, 4.4 g/t Gold, and 403 ppm Molybdenum

https://www.newsfilecorp.com/release/236352/C3-Metals-Further-Expands-Khaleesi-CopperGold-Mineralization-in-Peru-Latest-Rock-Samples-Return-up-to-1.80-Copper-4.4-gt-Gold-and-403-ppm-Molybdenum

January 08, 2025 7:00 AM EST | Source: C3 Metals Inc.

Toronto, Ontario--(Newsfile Corp. - January 8, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce results from a recently completed surface mapping and rock sampling program at its highly promising Khaleesi copper-gold project in Southern Peru. Ongoing surface mapping and sampling continues to expand the previously identified skarn, porphyry and epithermal vein copper-gold mineralization. The most recent batch of rock chip samples from the Company's mapping and rock sampling program returned up to 1.80% copper, 4.4 g/t gold and 403 ppm molybdenum.

Khaleesi represents a rare opportunity to explore an undrilled copper-gold mineralized skarn, epithermal and porphyry prospect on the world-class Andahuaylas-Yauri Porphyry-Skarn belt. The Company has strategically amalgamated a significant mineral concession package of over 30,000 hectares within 45km of the large Las Bambas (MMG) and Constancia (Hudbay Minerals) copper mines. Several major and intermediate mining companies hold mineral concessions surrounding C3 Metals' package and in the district (Figure 1).

Dan Symons, President and CEO, stated, "With an alteration footprint spanning 1,500m by 1,000m, the Khalessi porphyry, epithermal and skarn copper-gold prospect rates as a Tier-1 undrilled exploration target in an established, world-class copper mining belt. We are in a unique position having consolidated a large, strategic mineral concession package ahead of the recent activity by larger companies. Khaleesi was staked by our exploration team and now is amongst our highest priority geologic targets. After completing the mapping and rock sampling program, we shifted to a grid-based soil geochemical sampling program. This will be followed by a geophysical program January through March 2025, so that we have a full geochemical and geophysical data set in advance of a maiden drill program."

Highlights of Recent Mapping and Sampling Program at Khaleesi

Diorite dykes containing chalcopyrite and chrysocolla, malachite, azurite mineralization.

Rock chips assayed up to 0.50% copper, 0.34 g/t gold and 403 ppm molybdenum.

Prograde and retrograde skarn mapped over a 1,200m by 1,000m area.

Rock chips assayed up to 0.26% copper and 0.48 g/t gold.

Meter-scale epithermal veins containing bornite-chalcopyrite mineralization.

Rock chips assayed up to 1.80% copper, 29.6 g/t silver and 4.4 g/t gold.

Large prospective area is partially covered by thin glacial till. Grid-based soil sampling campaign is underway.

Induced Polarization, Ground Magnetic and MT/AMT geophysical surveys are planned to commence in January 2025.

Khaleesi is approximately 8km west of the Company's Jasperoide Project and is similarly located along a northwest trending copper-gold mineralized corridor. At Jasperoide, the Company identified 13 skarn prospects. Montana de Cobre ("MCZ") is the only one of these skarns the Company has systematically drill tested. MCZ has a near surface Measured and Indicated Mineral Resource of 51.9 million tonnes at 0.50% total copper and 0.20 g/t gold for 569.1 million pounds of copper and 326,800 ounces of gold.1



Figure 1: Regional map showing C3 Metals' mineral concession package in relation to other large-scale operations, development projects and exploration projects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/236352_bb8fbe88c434ab1d_001full.jpg

Mapping and sampling at Khaleesi have confirmed an extensive zone of prograde and retrograde skarn that measures 1,200 metres by 1,000 metres and remains open in multiple directions. Retrograde magnetite skarn is locally intensely mineralized with chalcopyrite and bornite sulphides (Figure 2). Epithermal quartz breccias and veins have been mapped along strike for over 2,000 metres and contain bornite, chalcopyrite and pyrite mineralization. These veins locally crosscut the skarn. Porphyry-style alteration and mineralization occurs in diorite dykes (up to 25-metres wide) and stocks in the eastern prospect area and along the batholith contact (Figure 3). The diorite and associated copper mineralization in the central prospect area are covered by glacial till varying in thickness from 2 to 15 metres. The diorite outcrops on both the western and eastern side of this glacial till. Geochemical and geophysical data collection will be important to understand the potential for a mineralized porphyry system beneath the glacial till, as there is outcropping porphyry-style mineralization and alteration on either side of the till occurrence.



Figure 2: (Left) Magnetite skarn with strong chalcopyrite mineralization. (Right) Magnetite skarn with strong bornite mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/236352_bb8fbe88c434ab1d_002full.jpg



Figure 3: Khaleesi map showing pervasive magnetite and garnet-diopside skarn alteration near to an intrusive diorite containing porphyry-style B-veins. Also showing copper in rock chip geochemistry.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/236352_bb8fbe88c434ab1d_003full.jpg

Next Steps

Following on from the mapping and sampling program, the Company commenced a 50-metre grid soil sampling program over the Khaleesi project area. The Company has contracted Arce Geofísicos to undertake a 45.5-line kilometre ground magnetic survey, a 24.5-line kilometre Induced Polarization survey and complete a MT/AMT survey (14 full tensor stations) during the first quarter of 2025. Data from grid-soils and geophysics programs will provide essential surface and subsurface data that will be used to design a maiden drill program.

For additional information, contact:

Dan Symons
President and CEO
[phone]
[e-mail]

ABOUT C3 METALS INC.

C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 30,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 15 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses and a 50% interest in 9,870 hectares in a joint venture with Geophsyx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Gold Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).

Related Link: www.c3metals.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.

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

Technical Program

C3 Metals surface rock chip samples were sent to the ALS assay laboratories in Lima, Peru and the Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Rock chip samples are analysed by 4-Acid digest ICP-MS finish for 60 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. On average, 10% of the submitted samples are quality control samples. No data quality problems were indicated by the QA/QC program.

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

1 Based on the assumptions and parameters outlined in the NI 43-101 Technical Report titled Jasperoide Copper-Gold Project Cusco Region, Peru dated July 5, 2023.

SOURCE: C3 Metals Inc.

[Lone Clone]

Cerro de Pasco Resources Announces New Results from Quiulacocha Silver-Zinc-Lead Zone, Revealing Significant Increase in Gallium Levels

https://www.globenewswire.com/news-release/2025/01/07/3005301/0/en/Cerro-de-Pasco-Resources-Announces-New-Results-from-Quiulacocha-Silver-Zinc-Lead-Zone-Revealing-Significant-Increase-in-Gallium-Levels.html

January 07, 2025 07:40 ET | Source: Cerro de Pasco Resources

MONTREAL, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP)

[Lone Clone]

Element 29 Completes the First Two Holes from the Phase-III Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Central Perú

https://www.newsfilecorp.com/release/234984/Element-29-Completes-the-First-Two-Holes-from-the-PhaseIII-Drill-Program-at-its-Elida-Porphyry-CuMoAg-Deposit-in-Central-Per

December 23, 2024 4:30 PM EST | Source: Element 29 Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU)

[Lone Clone]

Nexa Resources Announces Closing Transaction of Chapi Mine Sale to Quilla Resources

https://www.newsfilecorp.com/release/234659/Nexa-Resources-Announces-Closing-Transaction-of-Chapi-Mine-Sale-to-Quilla-Resources

December 23, 2024 4:45 PM EST | Source: Nexa Resources

Luxembourg, Luxembourg--(Newsfile Corp. - December 23, 2024) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces today the completion of the previously disclosed sale (the "Transaction") of 100% of the shares of Minera Pampa de Cobre S.A.C. ("MPC"), the owner of the Chapi copper mine, to Quilla Resources Peru S.A.C ("Quilla").

Under the terms of the definitive agreement, Nexa has sold and transferred all shares, rights, titles, and interests in Chapi to Quilla. The Transaction was completed following the fulfillment of all closing conditions.

About Quilla Resources Peru S.A.C.

Quilla Resources Peru S.A.C ("Quilla") is a privately held Peruvian company, which is focused on acquiring, and operating copper focused mining projects in Peru, and the wider region. Quilla intends to restart the Chapi Mine and conduct exploration on the property.

About Nexa

Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla, located in Lima, which is the largest smelter in the Americas.

Nexa was among the top five producers of mined zinc globally in 2023 and one of the top five metallic zinc producers worldwide in 2023, according to Wood Mackenzie.

Cautionary Statement on Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). Forward-looking statements contained in this news release may include, but are not limited to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head grades, mine life, production rates, and returns; the Company's potential plans; the estimation of the tonnage, grade and content of deposits and the extent of mineral resource and mineral reserve estimates; timing of commencement of production; exploration potential and results; the timing and receipt of necessary permits for future operations; and the impacts of COVID-19 on our operations.

These statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental, or other risks that could materially affect the potential development of the Project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.

These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.

Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

For further information, please contact:
Investor Relations Team
[e-mail]

SOURCE: Nexa Resources