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Inca One Gold Reports January 2023 Gold Sales
https://www.newsfilecorp.com/release/157679
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2023) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)
Forte Minerals Stakes Ground and Inks Deal to Acquire an Additional 1300 ha of Prospective Ground at Esperanza Porphyry Cu-Mo Project, Perú
https://www.newswire.ca/news-releases/forte-minerals-stakes-ground-and-inks-deal-to-acquire-an-additional-1300-ha-of-prospective-ground-at-esperanza-porphyry-cu-mo-project-peru-815887050.html
Forte Minerals Corp. Mar 03, 2023, 09:00 ET
VANCOUVER, BC, March 3, 2023 /CNW/ - Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA) has finalized a property transfer agreement with Compañía Minera Ares SAC, ("Ares") to acquire 300 ha contiguous with the existing concessions to protect the northern extension of the Esperanza porphyry system in that direction. The property was transferred to Forte Minerals' subsidiary Amaru Resources SAC, ("Amaru") with Ares retaining a 0.5% NSR royalty, subject to a buyback by Amaru for US$500,000. In conjunction, Forte, through Amaru, has staked an additional claim block of 1000 ha in the adjacent area to the northeast and contiguous with the main property to protect the possible northeastern extension of the porphyry system undercover. For the first time in a decade, Forte now controls the entire porphyry alteration area at the Esperanza project ("Esperanza") which encompasses 4000 ha.
Figure 1 - Esperanza Rock Geochemistry and Concession Map (CNW Group/Forte Minerals Corp.)
Figure 2 - Esperanza Geochemistry and Alteration Map (CNW Group/Forte Minerals Corp.)
President and CEO Patrick Elliott comments, "it has taken a while since the initial negotiations began with Ares, but perseverance has paid off. We are delighted to finalize a deal on this critical ground at Esperanza. In the end, our team was successful in closing a deal that was beneficial to both parties. The recent political conditions and the post-Covid situation in Perú have created a wealth of opportunity regarding acquisitions, negotiations, and re-negotiations that the Company embraces."
Amaru successfully completed the social and environmental studies for the drilling application at Esperanza which was submitted to the Peruvian Mining Ministry (MINEM) in late 2022. Approval for drilling is expected by end of Q2 2023.
The next exploration step at Esperanza is to deploy a magnetotellurics (MT) ground geophysical survey consisting of 68 stations of which 40 stations are separated by 250m over the core of the system and 28 stations are separated by 500m on the periphery. The objective of this survey is to explore for deeper conductive targets associated with porphyry hydrothermal alteration and secondary Cu enrichment below the Miocene post-mineral volcanic cover. The MT results will be integrated with the results from previous geological and geophysical evaluations to help guide the exploration drilling for a partially buried, well preserved porphyry Cu-Mo system.
Exploration Manager Manuel Montoya comments, "the Esperanza Cu-Mo Project is an exceptional undrilled Paleocene aged porphyry system in the Southern Perú Copper Belt that exhibits all the alteration and mineralization signatures and scale of a robust and preserved porphyry copper system comparable to those seen at Cerro Verde, Quellaveco and Cuajone. We are very excited to drill this project and look forward to deploying a sizable phase 1 drill program to properly test this unexplored porphyry Cu-Mo system."
About Esperanza
Esperanza is a 100% owned 4000 ha porphyry Cu-Mo project located in the northern extension of the Southern Perú Copper belt. The Paleocene magmatic arc is well endowed with some of the worlds largest copper deposits. Existing porphyry Cu mines, coupled with recent discoveries, make this a highly prospective region of Perú for Cu exploration, discovery, and future mine development.
Esperanza consists of a large, porphyry Cu-Mo system measuring 4.2 x 3.1 km in area and partially buried under Miocene post-mineral volcanic cover. The center of the porphyry system consists of a 2.8 x 1.7 km potassic alteration zone that is poorly exposed and inferred from the interpretation of existing geological, geochemical, and geophysical data. Geological mapping and sampling along the edge of the post-mineral cover outline Cu-bearing vein patterns typical of the potassic alteration. Exposures of debris from an eroded phyllic altered jarositic leached capping zone mapped at the base of the post-mineral cover also suggests the potential for supergene enrichment associated with this buried potassic altered porphyry center. This in conjunction with the geophysical data supports the presence of a large, mineralized porphyry complex buried beneath post-mineral volcanic cover which is highly prospective for supergene-enriched and hypogene (sulphide) mineralization which remains untested by drilling.
QUALIFIED PERSON AND NI 43-101 DISCLOSURE
Richard Osmond, P.Geo., is the Company's Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
PDAC 2023
Forte Minerals is pleased to announce that the Company will attend the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto from March 5 - 8, 2023.
Forte Minerals will be exhibiting at the PDAC in Booth 2949.
This PDAC is a premier annual mineral exploration & mining convention and is the leading event for people, companies, and organizations connected to mineral exploration. It attracts up to 30,000 attendees from over 130 countries for its educational programming, networking events and outstanding business opportunities.
ABOUT FORTE MINERALS CORP
The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.
On behalf of FORTE MINERALS CORP.
(signed) "Patrick Elliott"
Chief Executive Officer
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
Neither the Canadian Securities Exchange (the "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 release.
SOURCE Forte Minerals Corp.
For further information: Forte Minerals Corp., office: 778-403-5807, info@forteminerals.com, www.forteminerals.com
Buenaventura Announces Fourth Quarter and Full Year 2022 Results
https://ca.finance.yahoo.com/news/buenaventura-announces-fourth-quarter-full-023100941.html
February 28, 2023·6 min read
LIMA, Peru, March 01, 2023--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM),
SILVER MOUNTAIN REPORTS FINAL DRILL HOLES OF 2022 DRILL CAMPAIGN AT THE RELIQUIAS MINE
https://www.newswire.ca/news-releases/silver-mountain-reports-final-drill-holes-of-2022-drill-campaign-at-the-reliquias-mine-881298537.html
Silver Mountain Resources Inc. Mar 08, 2023, 07:00 ET
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES/
Highlights
Underground drilling encountered high-grade silver-polymetallic intercepts in the Perseguida and Pozo Rico veins and adjacent vein splays, including:
7.50m @ 260.76 g/t Ag, 1.25% Pb, 2.19% Zn, 0.10% Cu, and 2.27 g/t Au in the Perseguida vein, in drill hole SMR-69-22-MTC, including
0.75m @ 611.00 g/t Ag, 4.00% Pb, 9.00% Zn, 0.44% Cu, and 14.20 g/t Au
1.60m @ 296.59 g/t Ag, 2.78% Pb, 6.32% Zn, 0.04% Cu, and 0.99 g/t Au in the Perseguida vein, in drill hole SMR-68-22-MTC, including:
0.55m @ 565.00 g/t Ag, 7.50% Pb, 17.20% Zn, 0.06% Cu, and 1.50 g/t Au
0.60m @ 180.00 g/t Ag, 0.24% Pb, 0.29% Zn, 0.03% Cu, and 1.15 g/t Au in the Pozo Rico vein, in drill hole SMR-65-22-PZR
TORONTO, March 8, 2023 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain", "AGMR" or the "Company") is pleased to provide the assay results from the last drill holes of its 2022 underground drilling campaign with a total of 16,955 metres drilled in 71 bore holes at the Company's 100% owned Reliquias silver mine in Huancavelica, central Peru.1 The assay results of 7 holes drilled to test the Pozo Rico, Perseguida, Matacaballo, Vulcano, and Escondida veins are reported in this release (Table 1).
Pozo Rico vein system
Fig. 1: Plan view of underground drilling program at the Reliquias silver mine, showing traces of drill holes completed in 2022 (in blue). The seven holes reported in this release are labelled and highlighted in bold green lines. Additionally, underground workings, main mineralized veins, and drill platforms are displayed. Inset map shows Reliquias property block with locations of both silver mines and the processing plant. (CNW Group/Silver Mountain Resources Inc.)
Fig. 2: Longitudinal section of the Perseguida vein, at the Reliquias mine, displaying historic mine levels and unmined mineralized blocks. Pierce points of completed drill holes are shown as blue circles, with corresponding assay results in gray boxes. (CNW Group/Silver Mountain Resources Inc.)
Table 1: Weighted assay results of seven drill holes testing the Pozo Rico, Matacaballo, Perseguida, and Vulcano vein. Intervals are downhole drilled core intervals. Drilling data to date is insufficient to determine true width of mineralization. (CNW Group/Silver Mountain Resources Inc.)
Fig. 3: Longitudinal section of the Perseguida vein, at the Reliquias mine, displaying historic mine levels and unmined mineralized blocks. Pierce points of completed drill holes are shown as blue circles, with corresponding assay results in gray boxes. (CNW Group/Silver Mountain Resources Inc.)
Located between 120 and 280 m southwest and subparallel to the Sacasipuedes vein, the Pozo Rico system includes at least 6 structures that have been identified through surface mapping with a combined strike length of at least 490 m (Fig.1). Only two vein splays of the Pozo Rico vein system have seen restricted historic underground exploitation along two levels. Two exploratory bore holes were programmed to investigate the vein system at depth, especially the splays closest to the Sacasipuedes structure. Drill hole SMR-65-22-PZR intercepted four different splays of the Pozo Rico system, with the best intercept returning 0.60 m @ 180 g/t Ag, 0.24% Pb, 0.29% Zn, and 1.15 g/t Au (Tab.1). The second hole passed initially through a remaining pillar of the Sacasipuedes structure, which assayed 1.45 m @ 184 g/t Ag, 2.65% Pb, 4.67% Zn, 1.75% Cu, and 0.27 g/t Au. Further downhole, three distinct Pozo Rico vein splits were intercepted, with up to 67 g/t Ag, 1.2% Pb, 1.9% Zn, 0.24% Cu, and 1.29 g/t Au over widths of 0.50 to 0.75 m.
________________________________
1 For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available on the Company's profile on www.sedar.com.
Perseguida vein system
The four initial drill holes testing the Perseguida vein were aimed below existing historic workings (see news release published January 25). Subsequently, the drill platform C-11 was prepared on the historic haulage level 701 of the Perseguida structure (see longitudinal section, Fig.2), which was used to complete three bore holes: SMR-67, SMR-68, and SMR-69. Two drill holes intercepted the Perseguida vein and two splays in the first 50 metres of the hole, before continuing drilling towards the Matacaballo vein. The downhole drill intercepts of the Perseguida vein returned strongly mineralized intervals with 7.50m @ 260.76 g/t Ag, 1.25 Pb, 2.19% Zn, 0.10% Cu, and 2.27 g/t Au in hole SMR-69-22-MTC and 1.60m @ 296.59 g/t Ag, 2.78% Pb, 6.32% Zn, 0.04% Cu, and 0.99 g/t Au in hole SMR-68-22-MTC (Tab.1). The third hole, SMR-67-22-MTC, was drilled at a different azimuth to test the Matacaballo structure to the east of previous intercepts. Unfortunately, this drill hole had to be abandoned at 147.40 m due to technical difficulties, just after encountering three different splays of the Perseguida vein which returned up to 274 g/t Ag, 2.4% Pb, 5.7% Zn, and 1.84 g/t Au over widths of 0.30 to 1.20 m.
Vulcano and Escondida structures
The eastern part of the Reliquias mine has seen extensive exploitation from several levels developed on the Pasteur and Vulcano veins, with reportedly high-grade silver mineralization encountered near surface.2 Due to the lack of access to lower mine levels on these veins in Q4 2022, the drill chamber C12 was prepared just inside the adit of the Ramp 759 (Fig.1), basically above the historic workings. Hole SMR-70-22-VUL was drilled with a northwesterly azimuth with the intent to test the Vulcano vein. At 33.45 m depth, it intercepted a 2.30 m-wide interval of mineralized veins splays correlated to the Pasteur vein, with the best interval returning 170 g/t Ag, 1.5% Pb, 2.6% Zn, and 1.17 g/t Au over 0.50 m (Tab.1). A few meters downhole, a void over 3 m wide was encountered - most likely an undocumented historic working - and the hole had to be abandoned.
_________________________________
2 For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available on the Company's profile on www.sedar.com.
The second bore hole programmed from this platform was SMR-71-22-ESC, aimed at investigating the extension of the Perseguida system, also called Escondida vein, more than 600 m to the southeast of existing drill intercepts. In this hole, vein splays returning up to 501 g/t Ag and 1.24 g/t Au with thicknesses between 0.30 and 1.10 m were observed. Hole SMR-71 had a target depth of 460 m to reach the Escondida vein, but had to be terminated at 394.55 m due to technical difficulties in advancing through a fault zone.
Alfredo Bazo, President and CEO, commented: "The drill holes reported today were aimed at expanding our knowledge of additional veins, 100s of metres beyond the main mine workings. These exploratory holes identified very promising intercepts from the Perseguida and Pozo Rico structures which warrant follow-up drilling during the upcoming drill campaign. To further explore the Pozo Rico vein system in the vicinity of existing workings, additional drill holes will be completed during the coming months. A crosscut leading to the 390 level of the northern branch of the Pozo Rico vein is already undergoing rehabilitation, with the objective of carrying out detailed mapping and channel sampling. Simultaneously, our mine rehabilitation work is currently advancing towards the eastern part of the Reliquias mine. This will allow us to prepare drill platforms that are better suited to test the Pasteur, Vulcano, and Escondida veins below and laterally of historic mine workings."
The following table shows the results of mineralized intercepts encountered in the seven drill holes reported in this news release in more detail.
On Behalf of the Board of Directors of Silver Mountain Resources Inc.
Alfredo Bazo, Chief Executive Officer and Director
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Antonio Cruz, an independent consultant of the Company and a Qualified Person within the meaning of National Instrument 43-101- Standards of Disclosure for Mineral Projects.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available at https://sedar.com.
For further information about our drill program, including cross sections of the main veins with drill hole locations, please refer to our corporate presentation, available on our website at www.agmr.ca.
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 39,000 hectares in the district of Castrovirreyna, Huancavelica, Peru.
Silver Mountain Resources Inc,
82 Richmond Street East
Toronto, ON M5C 1P1
647-262-4017
info@agmr.ca
www.agmr.ca
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.
Sampling, QA/QC, and Analytical Procedures
Silver Mountain follows systematic and rigorous sampling and analytical protocols which meet industry standards. These protocols are summarized below.
All drill holes are diamond core holes with HQ or NQ core diameters. Drill core is collected at the underground drill site where recovery measurements are taken before the core is transported by truck to the core logging facility at the Caudalosa Grande mine camp, where it is photographed and geologically logged. The core is then cut in half with a diamond saw blade with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number. The core is typically sampled over a 1-2 metre sample interval unless the geologist determines the presence of an important geological contact. The bagged samples are then stored in a secure area pending shipment to a certified laboratory sample preparation facility. Samples are sent by batch to the ALS laboratory in Lima for assay. Silver Mountain independently inserts certified control standards, fine and coarse blanks, and duplicates into the sample stream to monitor data quality. These standards are inserted "blindly" to the laboratory in the sample sequence prior to departure from the core storage facilities. At the laboratory, samples are dried, crushed, and pulverized and then analyzed using a fire assay-AA finish analysis for gold and a full multi-acid digestion with ICP-AES analysis for other elements. Samples with results that exceed maximum detection values for the main elements of interest (Ag, Zn, Pb, Cu) are re-analyzed using precise ore-grade ICP analytical techniques, while high gold values are re-analyzed by fire assay with a gravimetric finish.
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. 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 "Forward-Looking Statements" and "Risk Factors" in the Company's final prospectus dated January 26, 2022, and other disclosure documents available on the Company's profile at www.sedar.com. 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: Alfredo Bazo, President, CEO & Director, abazo@agmr.ca; Jean Pierre Fort, Chief Financial Officer, jpfort@agmr.ca
Cerro de Pasco Resources: Peruvian Government Fast Tracks Quiulacocha Tailings Project
https://www.newswire.ca/news-releases/peruvian-government-fast-tracks-cdpr-s-quiulacocha-tailings-project-896098795.html
Cerro de Pasco Resources Inc. Mar 07, 2023, 08:00 ET
MONTRÉAL, March 7, 2023 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (Frankfurt: N8HP) ("CDPR" or the "Company") is pleased to confirm that the Quiulacocha Tailings Reprocessing Project is included in the 2023 Ministry of Economy and Finance (MEF) Specialized Projects List (Banco Especializado de Proyectos del Equipo Especializado de Seguimiento de la Inversión - EESI), which establishes the universe of projects on which it will prioritize its actions in order to ensure an efficient follow-up, with the objective of fast-tracking development and construction of the country's highest-impact projects.
The major inacentives considered by MEF include 1) the fact that it is a major project in the Pasco Province, leading to sustainable development and investment in services, 2) its ability to convert a state liability into an enterprise invested by the private sector, 3) very large potential economic scale, 4) diverse value chain, 5) onshoring objectives, 6) significant job creation, and 7) environmental and health benefits.
The significant potential benefits of the CDPR Quiulacocha Tailings Reprocessing Project are now acknowledged by key government entities, including MEF and the Energy and Mines Ministry, as well as local communities and authorities.
CDPR expects to receive the final go-ahead to execute 40 confirmatory sonic drills within its El Metalurgista concession in a few weeks, having completed exhaustive procedures.
Guy Goulet, CEO: "The Peruvian government clearly stands behind our project and I am confident that drill results will lead rapidly to development of the entire Quiulacocha Tailings Facility. Drill results will drive subsequent agreements to enable us to get going without further delay."
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is a mining and resource management company with unparalleled knowledge of the mineral endowment in the city of Cerro de Pasco and its surroundings. Initially, the Company will unlock the useful life of the mine and extend the concession areas in its Santander mining operation, applying the highest safety, environmental, social and governance standards. The key focus of growth for the Company is on the development of the El Metalurgista mining concession, one of the world's largest surface mineralized resources, applying the latest techniques and innovative solutions to process tailings, extract metals and convert the remaining waste into green hydrogen and derivatives.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "plans", "seeks", "expects", "estimates", "intends", "anticipates", "believes", "could", "might", "likely" or variations of such words, or statements that certain actions, events or results "may", "will", "could", "would", "might", "will be taken", "occur", "be achieved" or other similar expressions. Forward-looking statements, including the expectations of CDPR's management regarding the completion of the project as well as the business and the expansion and growth of CDPR's operations, are based on CDPR's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements are subject to business and economic factors and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the risks associated with exploration, development and mining activities; the impact of macroeconomic events, the impact of the Covid-19 pandemic, and any material adverse effect on the business, properties and assets of CDPR, as well as the relevant assumptions and risks factors set out in CDPR's public documents, available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although CDPR believesthat the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, CDPR disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Cerro de Pasco Resources Inc.
For further information: Guy Goulet, CEO, Telephone: +1-579-476-7000, Mobile: +1-514-294-7000, ggoulet@pascoresources.com; Pyers Griffith, London (skype), +44 20 8144 7234; Lima, +51 99 99 70 272
American Lithium to Fast-Track Completion of Pre-Feasibility Study for Falchani
https://ca.finance.yahoo.com/news/american-lithium-fast-track-completion-120000708.html
American Lithium Corp.
Mon, March 6, 2023 at 4:00 a.m. PST·4 min read
Appoints DRA Global as Lead Engineer and Plans Near-Term Update of PEA
VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | NASDAQ-AML| Frankfurt:5LA1) is pleased to announce that it has appointed DRA Global (“DRA”) as lead engineer to coordinate completion of a Pre-Feasibility Study (“PFS”) on the Company’s Falchani Lithium Project in Southern Peru (“Falchani”).
As part of this process, Stantec Consulting Ltd. (“Stantec”) will also prepare an updated mineral resource estimate on Falchani which will involve the reclassification of existing resource categories, as well as including new drill data from the recent hydrology drilling which commenced in August 2022.
The Company also announces that it has restarted additional hydrology drilling at Falchani, with full support from the local communities. This drilling is part of the Environmental Impact Assessment (“EIA”) that was commenced in August 2022.
The first step towards completing a PFS will involve updating the Company’s existing Preliminary Economic Assessment (“PEA”) for Falchani, which is expected to expedite the PFS process. The work required to update the PEA started in the second half of 2022 with a focus on incorporating Sulphate of Potash and Cesium by-products, which are expected to provide a valuable contribution to the project economics. It will also incorporate the updated mineral resource data being prepared by Stantec.
As announced in June 2022, work by the Australian Nuclear Science and Technology Organisation (“ANSTO”) validated Sulphate of Potash as a viable and important by-product at Falchani. ANSTO is now focused on adding Sulphate of Potash and Cesium circuits to the overall flow sheet, while maintaining / increasing the impressive lithium extraction rates and battery grade purity. It is anticipated that this work will be finalized in the near term.
Finally, the PEA will also be updated to reflect the material increase in lithium carbonate pricing since the original report published in early 2020, which used a $12,000 per tonne LCE price. Recent studies on other lithium projects globally have used up to US$24,000 per tonne LCE reflecting material price rises in the commodity over the last 2 years and anticipated long-term pricing. Higher pricing is even more applicable to Falchani given the potential to precipitate battery grade lithium carbonate through its flow sheet.
Simon Clarke, CEO of American Lithium stated, “We are very pleased to accelerate PFS work at Falchani through the appointment of DRA Global to drive completion of what we believe will be a very robust update to the existing PEA and to fast-track completion of the PFS process. Falchani is a unique, large-scale lithium deposit on which a lot of exploration and development work has already been done. We have been able to build on this through ongoing work at ANSTO and the launch of the EIA in August of last year. At the same time, we are delighted to be able to restart drilling at the Project, and the fact that the deposit is open in several directions gives us confidence in our ability to materially expand the mineral resources at Falchani. The existence of other key targets in the area surrounding Falchani with similar surface expressions, continues to fuel our belief that there are additional deposits on our concessions.”
Qualified Person
Mr. Ted O’Connor, P.Geo., Executive Vice President of American Lithium, and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About American Lithium
American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. The Company is currently focused on enabling the shift to the new energy paradigm through the continued development of its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, as well as continuing to advance its Falchani lithium and Macusani uranium development-stage projects in southeastern Peru. Both Falchani and Macusani have been through robust preliminary economic assessments, exhibit strong significant expansion potential and enjoy strong community support. Pre-feasibility work has now commenced at Falchani.
For more information, please contact the Company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related background information.
Follow us on Facebook, Twitter and LinkedIn.
On behalf of the Board of Directors of American Lithium Corp.
“Simon Clarke”
CEO & Director
Tel: 604 428 6128
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ability to appeal the judicial ruling, and any other statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals; risks and uncertainties relating to the COVID-19 pandemic and the extent and manner to which measures taken by governments and their agencies, American Lithium or others to attempt to reduce the spread of COVID-19 could affect American Lithium, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the judicial appeal process in Peru, and any and all future remedies pursued by American Lithium and its subsidiary Macusani to resolve the title for 32 of its concessions; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities due to the COVID-19 pandemic; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, and due to the COVID-19 pandemic measures taken to reduce the spread of COVID-19, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on June 28, 2022, and in recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
Cautionary Note Regarding Macusani Concessions
Thirty-two of the 169 concessions held by American Lithium’s subsidiary Macusani, are currently subject to Administrative and Judicial processes (together, the “Processes”) in Peru to overturn resolutions issued by INGEMMET and the Mining Council of MINEM in February 2019 and July 2019, respectively, which declared Macusani’s title to 32 of the concessions invalid due to late receipt of the annual validity payments. In November 2019, Macusani applied for injunctive relief on 32 concessions in a Court in Lima, Peru and was successful in obtaining such an injunction on 17 of the concessions including three of the four concessions included in the Macusani Uranium Project PEA. The grant of the Precautionary Measure (Medida Cautelar) has restored the title, rights and validity of those 17 concessions to Macusani until a final decision is obtained at the last stage of the judicial process. A Precautionary Measure application was made at the same time for the remaining 15 concessions and was ultimately granted by a Court in Lima, Peru on March 2, 2021 which has also restored the title, rights and validity of those 15 remaining concessions to Macusani, with the result being that all 32 concessions are now protected by Precautionary Measure (Medida Cautelar) until a final decision on this matter is obtained at the last stage of the judicial process. The favourable judge’s ruling confirming title to all 32 concessions from November 3, 2021 represents the final stage of the current judicial process. However, this ruling has recently been appealed by MINEM and INGEMMET. American Lithium has no assurance that the outcome of these appeals will be in the Company’s favour.
Tinka Drills 145 Metres at 10.9% Zinc Including 29 Metres at 20% Zinc at Ayawilca
https://www.accesswire.com/742021/Tinka-Drills-145-Metres-at-109-Zinc-Including-29-Metres-at-20-Zinc-at-Ayawilca
Monday, March 6, 2023 6:30 AM
Tinka Resources Ltd.
http://www.tinkaresources.com
VANCOUVER, BC / ACCESSWIRE / March 6, 2023 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF)
Forte Minerals Stakes Ground and Inks Deal to Acquire an Additional 1300 ha of Prospective Ground at Esperanza Porphyry Cu-Mo Project, Perú
https://www.newswire.ca/news-releases/forte-minerals-stakes-ground-and-inks-deal-to-acquire-an-additional-1300-ha-of-prospective-ground-at-esperanza-porphyry-cu-mo-project-peru-815887050.html
Forte Minerals Corp. Mar 03, 2023, 09:00 ET
VANCOUVER, BC, March 3, 2023 /CNW/ - Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) (Frankfurt: 2OA) has finalized a property transfer agreement with Compañía Minera Ares SAC, ("Ares") to acquire 300 ha contiguous with the existing concessions to protect the northern extension of the Esperanza porphyry system in that direction. The property was transferred to Forte Minerals' subsidiary Amaru Resources SAC, ("Amaru") with Ares retaining a 0.5% NSR royalty, subject to a buyback by Amaru for US$500,000. In conjunction, Forte, through Amaru, has staked an additional claim block of 1000 ha in the adjacent area to the northeast and contiguous with the main property to protect the possible northeastern extension of the porphyry system undercover. For the first time in a decade, Forte now controls the entire porphyry alteration area at the Esperanza project ("Esperanza") which encompasses 4000 ha.
Figure 1 - Esperanza Rock Geochemistry and Concession Map (CNW Group/Forte Minerals Corp.)
Figure 2 - Esperanza Geochemistry and Alteration Map (CNW Group/Forte Minerals Corp.)
President and CEO Patrick Elliott comments, "it has taken a while since the initial negotiations began with Ares, but perseverance has paid off. We are delighted to finalize a deal on this critical ground at Esperanza. In the end, our team was successful in closing a deal that was beneficial to both parties. The recent political conditions and the post-Covid situation in Perú have created a wealth of opportunity regarding acquisitions, negotiations, and re-negotiations that the Company embraces."
Amaru successfully completed the social and environmental studies for the drilling application at Esperanza which was submitted to the Peruvian Mining Ministry (MINEM) in late 2022. Approval for drilling is expected by end of Q2 2023.
The next exploration step at Esperanza is to deploy a magnetotellurics (MT) ground geophysical survey consisting of 68 stations of which 40 stations are separated by 250m over the core of the system and 28 stations are separated by 500m on the periphery. The objective of this survey is to explore for deeper conductive targets associated with porphyry hydrothermal alteration and secondary Cu enrichment below the Miocene post-mineral volcanic cover. The MT results will be integrated with the results from previous geological and geophysical evaluations to help guide the exploration drilling for a partially buried, well preserved porphyry Cu-Mo system.
Exploration Manager Manuel Montoya comments, "the Esperanza Cu-Mo Project is an exceptional undrilled Paleocene aged porphyry system in the Southern Perú Copper Belt that exhibits all the alteration and mineralization signatures and scale of a robust and preserved porphyry copper system comparable to those seen at Cerro Verde, Quellaveco and Cuajone. We are very excited to drill this project and look forward to deploying a sizable phase 1 drill program to properly test this unexplored porphyry Cu-Mo system."
About Esperanza
Esperanza is a 100% owned 4000 ha porphyry Cu-Mo project located in the northern extension of the Southern Perú Copper belt. The Paleocene magmatic arc is well endowed with some of the worlds largest copper deposits. Existing porphyry Cu mines, coupled with recent discoveries, make this a highly prospective region of Perú for Cu exploration, discovery, and future mine development.
Esperanza consists of a large, porphyry Cu-Mo system measuring 4.2 x 3.1 km in area and partially buried under Miocene post-mineral volcanic cover. The center of the porphyry system consists of a 2.8 x 1.7 km potassic alteration zone that is poorly exposed and inferred from the interpretation of existing geological, geochemical, and geophysical data. Geological mapping and sampling along the edge of the post-mineral cover outline Cu-bearing vein patterns typical of the potassic alteration. Exposures of debris from an eroded phyllic altered jarositic leached capping zone mapped at the base of the post-mineral cover also suggests the potential for supergene enrichment associated with this buried potassic altered porphyry center. This in conjunction with the geophysical data supports the presence of a large, mineralized porphyry complex buried beneath post-mineral volcanic cover which is highly prospective for supergene-enriched and hypogene (sulphide) mineralization which remains untested by drilling.
QUALIFIED PERSON AND NI 43-101 DISCLOSURE
Richard Osmond, P.Geo., is the Company's Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
PDAC 2023
Forte Minerals is pleased to announce that the Company will attend the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto from March 5 - 8, 2023.
Forte Minerals will be exhibiting at the PDAC in Booth 2949.
This PDAC is a premier annual mineral exploration & mining convention and is the leading event for people, companies, and organizations connected to mineral exploration. It attracts up to 30,000 attendees from over 130 countries for its educational programming, networking events and outstanding business opportunities.
ABOUT FORTE MINERALS CORP
The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.
On behalf of FORTE MINERALS CORP.
(signed) "Patrick Elliott"
Chief Executive Officer
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
Neither the Canadian Securities Exchange (the "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 release.
SOURCE Forte Minerals Corp.
For further information: Forte Minerals Corp., office: 778-403-5807, info@forteminerals.com, www.forteminerals.com
Minera IRL Announces Gold Shipment Increase in January 2023
https://ca.finance.yahoo.com/news/minera-irl-announces-gold-shipment-120000898.html
Minera IRL Limited
Wed, March 1, 2023 at 4:00 a.m. PST·2 min read
LIMA, Peru, March 01, 2023 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB:MRLLF) is pleased to announce that the Corihuarmi Gold Mine (“Corihuarmi”) has shipped 1,797 ounces of gold in January 2023, a 15% increase as compared to the December 2022 shipment of 1,565 ounces of gold.
The month of January saw a decrease of 19.8% in the volume of waste mined, in line with the revised planning studies completed in the last quarter of 2022 and aimed to maintain low strip ratios. This is part of the overall strategy implemented by the Company to achieve a reduction in production costs at Corihuarmi and increase gold production in 2023.
Qualified Person
Martin Mount, Independent Director of Minera, is a Fellow of the Geological Society of London (& Registered CGeol), a Fellow of the Institute of Materials, Metals & Mining (& Registered CEng), and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Mount has reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data.
About Minera IRL Limited
Minera IRL Limited is the CSE, BVL, FWB and OTCQB listed holding company of Minera IRL S.A. and Compañía Minera Kuri Kullu S.A., two precious metal mining companies engaged in mining exploration, development, and operations in Peru, with a primary focus on gold. Minera is led by an agile and experienced senior management team with extensive mining industry experience, particularly in South America. Minera operates the Corihuarmi Gold Mine located 5,000 meters above sea level in Central Peru, while assessing financing opportunities to advance its Ollachea Gold Project located in the Department of Puno, Southern Peru. For more information, please visit www.minera-irl.com.
On behalf of the Board of Directors of Minera IRL Limited
Gerardo Perez
Executive Chairman
Diego Benavides
CEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Minera IRL Limited
Susan Gabbie
Manager, Communications
+51 1 418 - 1230
Pedro Valdez
Head of Investor Relations
+51 1 418 – 1230
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Cautionary Statement on Forward-Looking Information
Certain information in this press release constitutes “forward-looking statements.” Forward looking statements are based on assumptions. While management believes these assumptions and statements are reasonable in context, forward-looking statements are inherently subject to political, legal, regulatory, business, environmental and economic risks and competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL’s actual results and future performance to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results, or achievements.
Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, Peru’s ability to continue to contain the COVID-19 crisis, the current political protests throughout Peru and the resulting nationwide state of emergency that have and may continue to adversely affect supply routes within the country, changes in and access to the capital or precious metals markets, weather, labor unrest, the uncertainties inherent in mineral exploration and changes to legislative, political, social, health or economic developments both within Peru and in general.
DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration Update
https://www.newsfilecorp.com/release/156200
Cranbrook, British Columbia--(Newsfile Corp. - February 27, 2023) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)
CERRO DE PASCO RESOURCES ANNOUNCES EXTENSION OF SURFACE RIGHTS CONTRACT FOR QUIULACOCHA TAILINGS EXPLORATION PROJECT
https://www.newswire.ca/news-releases/cerro-de-pasco-resources-announces-extension-of-surface-rights-contract-for-quiulacocha-tailings-exploration-project-815983260.html
Cerro de Pasco Resources Inc. Feb 22, 2023, 08:30 ET
MONTRÉAL, Feb. 22, 2023 /CNW/ - Cerro de Pasco Resources Inc. (CSR: CDPR) (OTCMKTS: GPPRF) (Frankfurt: N8HP) ("CDPR" or the "Company") is pleased to announce the extension of the surface right contract between CDPR and the community of Quiulacocha for the first phase of the Quiulacocha tailings exploration project.
On 16 October 2019, CDPR received the full support of the community of Quiulacocha to explore and reprocess the tailings of the Quiulacocha tailings deposit. To this effect, CDPR and the community signed a two-year surface rights agreement that covered the southern section of the "El Metalurgista" concession, as well as a large extension of the Quiulacocha tailings deposit that is outside the "El Metalurgista" concession.
CDPR is pleased to inform the public that it has now extended the surface rights agreement with the community of Quiulacocha for a second consecutive year. The latest extension was signed and legalized by a notary in December 2022 for the duration of 1 year: starting on the 16th of October 2022 and ending on the 15th of October 2023.
In compliance with the initial contract and its extensions, CDPR has fulfilled all its obligations to date, which includes among other aspects implementation of community support projects. In this regard, in 2022 CDPR carried out two successful health campaigns for dental and eye care that benefited over 300 community members.
The latest contract extension includes among other considerations the implementation of a general health campaign that will benefit all the community members and the creation of a community library.
"We continue to strengthen the Social License to Operate granted by the community of Quiulacocha, with the objective to obtain our common goal, which is to reprocess the Quiulacocha tailings for the benefit of our shareholders, government, and the neighboring communities of Cerro de Pasco." said Edwin Mitchell, CDPR`s Vice President of EHS and Sustainability.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is a mining and resource management company with unparalleled knowledge of the mineral endowment in the city of Cerro de Pasco and its surroundings. Initially, the Company will unlock the useful life of the mine and extend the concession areas in its Santander mining operation, applying the highest safety, environmental, social and governance standards. The key focus of the growth for the Company is on the development of the El Metalurgista mining concession, one of the world's largest surface mineralized resources, applying the latest techniques and innovative solutions to process tailings, extract metals and convert the remaining waste into green hydrogen and derivatives.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as "plans", "seeks", "expects", "estimates", "intends", "anticipates", "believes", "could", "might", "likely" or variations of such words, or statements that certain actions, events or results "may", "will", "could", "would", "might", "will be taken", "occur", "be achieved" or other similar expressions.
Forward-looking statements, including the expectations of CDPR's management regarding the completion of the project as well as the business and the expansion and growth of CDPR's operations, are based on CDPR's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.
Forward-looking statements are subject to business and economic factors and uncertainties and other factors, such as Covid-19, that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in CDPR's public documents, available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although CDPR believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, CDPR disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Cerro de Pasco Resources Inc.
For further information: Guy Goulet, CEO, Telephone: +1-579-476-7000, Mobile: +1-514-294-7000, ggoulet@pascoresources.com
CERRO DE PASCO RESOURCES ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE SANTANDER PIPE
https://www.newswire.ca/news-releases/cerro-de-pasco-resources-announces-positive-preliminary-economic-assessment-for-the-santander-pipe-897354724.html
Cerro de Pasco Resources Inc. Feb 21, 2023, 09:57 ET
MONTRÉAL, Feb. 21, 2023 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (Frankfurt: N8HP)
Hannan Expands the Belen CU-AU Porphyry Discovery in Peru
https://www.accesswire.com/739593/Hannan-Expands-the-Belen-CU-AU-Porphyry-Discovery-in-Peru
Thursday, February 16, 2023 6:15 AM
Hannan Metals Ltd.
https://hannanmetals.com/
VANCOUVER, BC / ACCESSWIRE / February 16, 2023 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to provide an update on the Belen copper-gold ("Cu-Au") target at the 100% owned Valiente project in Peru (Figure 1) where a large field team has continued to be active over the last months.
The Belen Cu-Au porphyry is located 19 km east from the township of Tingo Maria in central Peru, within a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt. The Belen project is contained within a 140 km by 50 km area, named the Valiente Project, where Hannan's exploration team has identified at least seven intrusion related porphyry/epithermal/skarn targets, of which Belen is the most advanced and described here in more detail (Figure 1).
Highlights:
Geology: Field teams have been active over last quarter with a 10-person exploration team continuing to build and strengthen the exploration targets at Belen.
Mineralization has been defined over an expanded footprint from 8 km to 10 km strike.
Initial indications of high-grade system developing at Sortilegio with assays up to 16.0% Cu and 4.4 g/t Au from a porphyry boulder grab sample.
Geophysics: After a completing a 4,880 line km aeromagnetic survey across all of its 100% owned mining concessions at Valiente late in 2022, the Company has recently undertaken and completed a 19.4 line km pole-dipole induced polarization ("IP") geophysical survey at the Ricardo Herrera porphyry and Vista Alegre epithermal gold target. Results will be released after all data has been processed and interpreted.
Permitting: Permissions to start the Declaracion de Impacto Ambiental ("DIA") or Environmental Impact Statement at Belen been received from authorities. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in Peru. A multi-disciplinary team will be mobilized in the coming weeks. Work will involve archaeological investigations, community workshops and liaison activities to collect appropriate information necessary to make the submittal for approval to the General Directorate of Mining Environmental Affairs of the Ministry of Energy and Mines, Peru.
Further results from the IP geophysical surveys, mapping and channel sampling will be released soon.
Michael Hudson, CEO, states: "Despite the political challenges Peru has seen over the last months, Hannan's teams have remained very active in the field with positive interactions with local stakeholders continuing. Momentum at Valiente remains high. The work by our field team continues to successfully expand and refine the mineral system at Belen. The high-grade copper gold boulders at Sortilegio, within the Belen trend, demonstrate the potential of a new high-grade target at Sortilegio and importantly, we are now mapping mineralization over a large footprint. This is highlighted by the development of the 4 km long base metal gold skarn target east of Sortilegio within the 10 km long linked porphyry copper-gold and epithermal gold mineral system. With permissions received to commence our detailed drill permitting, we look forward to 2023 with great enthusiasm."
Geological Discussion
At the Sortilegio porphyry target, detailed geological mapping has now commenced (Figure 2) with 70% of the area mapped (5 sq km) . A total of 22 channel samples have been taken for 130.7 m. Assays are pending. In addition, 450 soil samples have been collected demonstrating moderate to strong copper (gold) values over 1,800 m by 900 m (Figure 2). Two zones of interests have emerged:
Hornblende felspar porphyry of diorite composition overprinted by phyllic alteration and secondary copper oxides (Figure 3) seen within multiple boulders in creeks. Assays are pending.
Board supergene mineralization marked by fine grains of native copper hosted by a lamprophyre intrusive that is broadly coinciding with the soil copper anomaly covering 1,800 m of strike.
The potential for high-grade mineralization at Sortilegio has been highlighted by the discovery of high-grade copper-gold bearing massive goethite boulders with remnants of secondary biotite with one boulder assaying 16.0% Cu and 4.4 g/t Au (Figure 3). In total 147 boulders ranged from <0.001 % Cu to 16.0% Cu to and averaged 0.15% Cu and <0.001 g/t Au to 4.4 g/t Au and averaged 0.03 g/t Au.
Strong indications are also emerging of a 4 km long skarn hosted gold-base metal target (the Belen Skarn zone) north and east of Sortilegio, expanding the footprint of the mineral system to cover 10 km (Figure 2). The soil anomalous trend is parallel to an Andean thrust fault and initial soil data suggest a strike >4km. 190 soil samples have been analyzed with pXRF and 90 samples with fire assay from the area with results ranging from 6 ppm Zn to 2,031 ppm Zn and averaging 109 ppm Zn, 2 ppm Pb to 266 ppm Pb and averaging 18 ppm Pb and <0.001 g/t Au to 0.103 /t Au and averaging 0.008 g/t Au.
At the Riccardo Herrera porphyry target (Figure 2), detailed mapping over 9 sq km has been completed. A 850 m x 250 m copper-gold target has been identified (as reported here). An updated geological interpretation is now being completed combining the information from the surface geology, airborne magnetic data and the recently collected pole-dipole IP geophysical data.
Valiente History
The 100% owned Valiente project is located in central eastern Peru, east of the city of Tingo Maria (Figure 1). 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 exploration program initiated by Hannan.
Peru has been a major copper and gold producer since precolonial times. Currently known gold deposits include orogenic gold, porphyry Cu-Au, porphyry Au, transitional porphyry-epithermal, epithermal, and placer gold. The Valiente project is a new a porphyry-epithermal metallogenic belt in the central eastern Andes. The Valiente project is located further east than most of the conventional Andean porphyry settings and shows regional similarities to deposits such as the large Bajo de Alumbrera copper-gold porphyry in Argentina. It is interpreted that Valiente was formed in a tectonically favourable area associated with an arc-oblique wrench fault system, that may have aided the ascent of oceanic arc-related magmas into the transfer zone so far inboard from the magmatic arc.
The Valiente project is believed to consist of an overlapping suit of porphyry targets with composition ranging from conventional calc-alkalic to alkalic hosted Cu-Au mineralization (reported here). It is anticipated that both high and low-magnetic and radiometric correlations may exist within the property and a detailed evaluation combining the airborne data with 3D litho-structural interpretations and results from stream sediments samples (BLEG) is currently being undertaken.
In 1984 Ingemmet, the Peruvian Geological Survey, conducted mapping in the central part of the Central Cordillera in the Departments of Huanuco and Ucayali. The area was sporadically explored during the 1990's by Gitennes, Newcrest, BHP, WMC and others but records are sparse. At this time, access to the area was restricted because of unpredictable security conditions and poor infrastructure.
From 2020 to 2021, Hannan launched a greenfields exploration program for porphyry and epithermal gold deposits in the high jungle areas of the Eastern Cordillera of Peru, which included regional database compilation, target generation, and field mapping. Hannan also conducted regional stream sediment sampling (fine clay fraction). The target generation permitted definition of prospective area, one of which was the Valiente block located along the eastern flank of the Central Cordillera, Department of Ucayali.
In 2022, field work started in the Belen area which represents a small proportion (4%) of Hannan's total landholding at Valiente. In this area, several geochemical anomalies were found, with boulders of diorite porphyry containing quartz-sulfide and magnetite veinlets. Subsequent mapping, soil and rock sampling at Belen during the last two months has identified porphyry-style alteration and veinlets.
Field and social teams are actively engaged in the area, with Hannan's policy to undertake exploration activities only within areas where full support from local stakeholders exists.
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 25g fire assay sample charge.
All soil samples were collected by Hannan geologists using an in-house protocol for soil sampling in jungle areas. The samples were subsequently analyzed with a portable XRF ("pXRF") deploying a protocol developed by Hannan for the San Martin project. The method is designed to minimize risk of contamination and ground disturbance. In most cases the sample media is the "B-horizon" of the soil profile. Only 100g of sample material is collected from each site. From the soil sample a pellet is produced which is dried and analyzed by a pXRF. Certified reference material, blanks and field duplicates are routinely added to monitor the quality of the pXRF data and 10% of all samples are submitted to ALS in Lima to validate the pXRF data. Gold was analyzed by ALS in Lima using a standard sample preparation and 25g fire assay sample charge.
About Hannan Metals Limited (TSXV:HAN) (OTCPK: 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,
+1 (604) 685 9316, info@hannanmetals.com
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, including the novel COVID-19 virus; 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.
Minera IRL Announces 2022 Gold Shipment Results
https://ca.finance.yahoo.com/news/minera-irl-announces-2022-gold-120000043.html
Minera IRL Limited
Tue, February 21, 2023 at 4:00 a.m. PST·2 min read
LIMA, Peru, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB:MRLLF) is pleased to announce that the Corihuarmi Gold Mine (“Corihuarmi”) has shipped a total of 20,963 ounces of gold during 2022, exceeding the revised guidance of 20,000 ounces by 5%.
Mineralized material mined and placed on the leach pads between January and December 2022 totaled 4,558,587 tonnes at an average grade of 0.21 grams per tonne and containing 31,249 ounces of gold.
A total of 5,441 ounces of gold have been shipped in the fourth quarter of 2022, increasing by 5% from the 5,206 ounces reported in the third quarter of 2022. From a yearly perspective, gold shipments have gradually increased quarter-on-quarter as compared to the ounces reported in the first and second quarter of 2022, by 7% and 4%, respectively.
Qualified Person
Martin Mount, Independent Director of Minera, is a Fellow of the Geological Society of London (& Registered CGeol), a Fellow of the Institute of Materials, Metals & Mining (& Registered CEng), and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Mount has reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data.
About Minera IRL Limited
Minera IRL Limited is the CSE, BVL, FWB and OTCQB listed holding company of Minera IRL S.A. and Compañía Minera Kuri Kullu S.A., two precious metal mining companies engaged in mining exploration, development, and operations in Peru, with a primary focus on gold. Minera is led by an agile and experienced senior management team with extensive mining industry experience, particularly in South America. Minera operates the Corihuarmi Gold Mine located 5,000 meters above sea level in Central Peru, while assessing financing opportunities to advance its Ollachea Gold Project located in the Department of Puno, Southern Peru. For more information, please visit www.minera-irl.com.
On behalf of the Board of Directors of Minera IRL Limited
Gerardo Perez
Executive Chairman
Diego Benavides
CEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Minera IRL Limited
Susan Gabbie
Manager, Communications
+51 1 418 - 1230
Pedro Valdez
Head of Investor Relations
+51 1 418 – 1230
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Cautionary Statement on Forward-Looking Information
Certain information in this press release constitutes “forward-looking statements.” Forward looking statements are based on assumptions. While management believes these assumptions and statements are reasonable in context, forward-looking statements are inherently subject to political, legal, regulatory, business, environmental and economic risks and competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL’s actual results and future performance to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results, or achievements.
Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, Peru’s ability to continue to contain the COVID-19 crisis, the current political protests throughout Peru and the resulting nationwide state of emergency that have and may continue to adversely affect supply routes within the country, changes in and access to the capital or precious metals markets, weather, labor unrest, the uncertainties inherent in mineral exploration and changes to legislative, political, social, health or economic developments both within Peru and in general.
Silver X Announces Preliminary Economic Assessment for the Tangana Mining Unit Expansion
https://www.accesswire.com/739196/Silver-X-Announces-Preliminary-Economic-Assessment-for-the-Tangana-Mining-Unit-Expansion
Tuesday, February 14, 2023 9:05 AM
Silver X Mining Corp.
www.silverxmining.com
Positive PEA results support the Company's vision to increase production and processing capacity to 2,200 tpd
VANCOUVER, BC / ACCESSWIRE / February 14, 2023 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:WPZ)
SILVER MOUNTAIN REPORTS NEW UNDERGROUND CHANNEL SAMPLING RESULTS FROM THE METEYSACA VEIN, RELIQUIAS MINE
https://www.newswire.ca/news-releases/silver-mountain-reports-new-underground-channel-sampling-results-from-the-meteysaca-vein-reliquias-mine-899793663.html
Silver Mountain Resources Inc. Feb 14, 2023, 07:00 ET
Latin Metals Discovers High-Grade Copper Mineralization at 100%-Owned Para Project, Peru
https://ca.finance.yahoo.com/news/latin-metals-discovers-high-grade-133000574.html
Latin Metals Inc.
Tue, February 14, 2023 at 5:30 a.m. PST·4 min read
Extends Land Position by 1,300 Hectares
Figure 1.
Location of Para Copper Project (left) and results of talus sampling survey, showing two primary anomalous zones highlighted with red dashed line. Newly staked claims are shown also.
Image 1.
Exploration at Para Copper Project
VANCOUVER, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) OTCQB: LMSQF) announces that it has discovered zones of high-grade copper mineralization at the Company’s 100%-owned Para project, located in the Coastal Copper Belt. This is the first exploration completed on this new copper exploration project. Latin Metals staked the property, and following engagement with local communities, we have been able to move forward with exploration.
Latin Metals’ initial work focused on geochemical sampling of talus fines for a total of 56 geochemical samples. Within the project, the results of talus sampling have been very positive. Anomalous copper analysis ranges from 251 ppm to a peak of 1,505 ppm copper, with supporting molybdenum mineralization up to 46 ppm (Figure 1) (Image 1).
Two zones of anomalous samples have been delineated, including the largest zone, which measures approximately 2,000m x 1,000m in area. The geochemical anomalies are open to the northwest, and as a result, Latin Metals has staked an additional 1,300 hectares for a new total of 1,900 hectares.
Figure1
Figure 1. Location of Para Copper Project (left) and results of talus sampling survey, showing two primary anomalous zones highlighted with red dashed line. Newly staked claims are shown also.
Image 1
Image 1. Exploration at Para Copper Project
Next Steps
The talus survey will now be extended to the newly staked area so that we can generate a complete picture of the property. Concurrently, a program of detailed rock chip sampling and geological mapping will be completed. Additional surveys are expected to begin in Q2.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types, including Porphyry, Epithermal, VMS and IOCG. Latin Metals has six 100%-owned copper exploration properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is being actively explored and is expected to be drill ready in 2023. The Company recently released initial positive results from the Tillo Copper-molybdenum project.
Corporate Update Webinar
On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live corporate update and will provide an overview of Latin Metals, its projects in South America and its goals for the coming year.
A live question-and-answer period will follow this for investors, analysts, and media.
Webinar Details
Date: Thursday, February 16, 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Speaker: Keith Henderson, CEO of Latin Metals Inc.
Registration Link: https://meet.zoho.com/W7CE9ctAr2
After registering, you will receive a confirmation email containing information about joining the webinar.
QA/QC
The work program at Para was designed and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. Talus samples were collected in a sample area of 40 cm by 40 cm, and sample spacing on the property is 300m to 350m. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards.
Qualified Person
The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo., a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
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.
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.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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 Properties 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 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, including TSX-V acceptance for filing of the Option Agreements, 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 "Risk Factors" in the Company's latest Management 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.sedar.com.
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.
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c0810f8-ff92-4c9e-beef-761326394ae7
https://www.globenewswire.com/NewsRoom/AttachmentNg/2e29cedc-318f-4c29-9405-04c74fa321d2
Regulus Acquires 70% Interest in Colquirrumi Claims
https://ca.finance.yahoo.com/news/regulus-acquires-70-interest-colquirrumi-120000451.html
Regulus Resources Inc
Wed, February 15, 2023 at 4:00 a.m. PST·3 min read
Figure 1 – Claims map for AntaKori property
Figure 1 – Claims map for AntaKori property
VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Regulus Resources Inc. (“Regulus” or the “Company”, TSX-V: REG, OTCQX: RGLSF) is pleased to announce that it has acquired a 70% interest in the Colquirrumi claims. The Colquirrumi claims will be held by a joint-venture with 70% belonging to Regulus and 30% belonging to Compañía Minera Colquirrumi S.A., a wholly owned subsidiary of Buenaventura (“Buenaventura”). Regulus will be the operator of the joint venture. See Figure 1 for a map displaying the Colquirrumi claims.
The Colquirrumi claims represent approximately 2,571 hectares of mineral rights in a prolific mining district, adjacent to and interfingered with Regulus’ AntaKori property. Regulus had the right to earn up to a 70% interest in the claims by completing 7,500 m of drilling. Buenaventura retained a one-time claw-back whereby it could retain a 70% interest in the claims by paying Regulus US$9,000,000 and granting Regulus a 30% interest. Buenaventura did not elect to trigger its claw-back right.
Less than 5% of the Colquirrumi claims have been properly explored, however several encouraging mineralized areas were discovered in Regulus’ drill program. Selected highlights of the mineralization encountered can be found below:
Hole AK-22-051
171.95 m of 0.34% Cu, 0.39 g/t Au, 5.58 g/t Ag and 1.41% Zn from 337.35 m depth
138.30 m of 0.23% Cu, 0.45 g/t Au and 4.27 g/t Ag from 588.90 m depth
Hole AK-22-050
247.10 m of 0.34% Cu, 0.25 g/t Au and 9.58 g/t Ag from 283.20 m depth
49.45 m of 0.58% Cu, 0.31 g/t Au and 19.72 g/t Ag from 418.90 m depth
Hole AK-21-047
286.80 m of 0.29% Cu, 0.21 g/t Au and 7.70 g/t Ag from 383.80 m depth
John Black, Chief Executive Officer of Regulus, commented as follows: “We are very happy to have acquired a 70% interest in the Colquirrumi claims, as they have demonstrated that they host significant mineralization that is open for expansion. Additionally, this ground has substantial strategic value as any large mining operation would likely need to incorporate the Colquirrumi claims both to expand resources and for the layback of an open pit. By becoming operator of these claims, Regulus has substantially increased its land position in a prolific mining district. We look forward to working with Buenaventura as a joint venture partner on this ground.”
Qualified Person
The scientific and technical data contained in this news release pertaining to the AntaKori project has been reviewed and approved by Dr. Kevin B. Heather, Chief Geological Officer, FAusIMM, who serves as the qualified person (QP) under the definition of National Instrument 43-101.
ON BEHALF OF THE REGULUS BOARD
(signed) "John Black"
John Black
CEO and Director
Tel: +1 (604) 685-6800
Email: info@regulusresources.com
For further information, please consult our website at www.regulusresources.com or contact:
Regulus Resources Inc.
Ben Cherrington
Tel: +1 347 394 2728 or +44 7538 244 208
Email: ben.cherrington@regulusresources.com
About Regulus Resources Inc. and the AntaKori Project
Regulus is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (independent technical report prepared by AMEC Foster Wheeler (Peru) S.A., a Wood company, titled AntaKori Project, Cajamarca Province, Peru, NI 43-101 Technical Report, dated February 22, 2019 - see news release dated March 1, 2019). Mineralization remains open in most directions.
Forward Looking Information
Certain statements regarding Regulus, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Regulus' control. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all statements included in this press release that address activities, events or developments that Regulus expects or anticipates will or may occur in the future, including the proposed exploration and development of the AntaKori project described herein, the completion of the anticipated drilling program, the completion of an updated NI 43-101 resource estimate and management's assessment of future plans and operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Regulus' control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements. Although Regulus believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and Regulus does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1
Figure 1 – Claims map for AntaKori property
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ace98761-5455-49ca-9e31-dc9694538136
Kuya Silver Signs Toll-Milling Agreement To Produce Silver-Lead and Zinc Concentrates From The Bethania Project
https://www.newsfilecorp.com/release/154218
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce an agreement with Minera Perú Sol S.A.C. ("Minera Perú Sol") to process mineralized material from the Bethania Project in Peru. The Minera Perú Sol concentration plant uses conventional flotation process to concentrate metallic minerals. The plant is located in Yauli, Junín. The plant is located approximately 230 km by road from Bethania and on the route to the Port of Callao (Lima), from where most concentrates produced in Peru are exported.
The commercial agreement with Minera Perú Sol is non-exclusive, and flexible, with no minimum processing requirement. This agreement allows for Minera Toro de Plata S.A.C. (Kuya's operational subsidiary) to commence production at a smaller scale and ramp up to its designed permitted capacity of 350 tonnes per day, subject to mine rehabilitation, underground development and working capital.
David Stein, Kuya Silver's President and CEO, stated: "This toll milling agreement will allow Kuya to begin processing material from the Bethania Project to produce silver-lead and zinc concentrates in 2023, similar to how the mine has operated in the recent past. We are delighted to have this option available to start ramping up production when we are ready, which greatly increases our flexibility as we look to restart the Bethania mine. The knowledge gained from this initial processing step should be useful in reducing operational risks as we look to develop our own plant at site."
About Kuya Silver Corporation
Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
For more information, please contact:
David Stein, President and Chief Executive Officer
Kuya Silver Corporation
Telephone: (604) 398-4493
info@kuyasilver.com
www.kuyasilver.com
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "develop," "estimate," "eventually," "expect," "future," "must," "next," "option," "potential," "progress," "ready," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, the Company's plan to process mineralized material at the Minera Perú Sol concentration plant in 2023 is forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Latin Metals Rock Sampling Returns 1.3% Copper at Tillo Copper Project, Peru
https://ca.finance.yahoo.com/news/latin-metals-rock-sampling-returns-133000918.html
Latin Metals Inc.
Wed, February 8, 2023 at 5:30 a.m. PST·4 min read
Initiates Geophysical Surveying at Auquis Copper Project, Peru
Figure 1
Location of initial rock samples collected at the Tillo copper project.
Figure 2
Map of the Auquis copper project showing previously disclosed rock sample analysis and the location of planned ground geophysical survey lines.
VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces that it has received assay results from three initial rock samples collected at the Tillo copper project (“Tillo”) with copper grades ranging from 0.19% to 1.36% copper. The Company also provides an update on the Auquis copper project (“Auquis”), where an extensive magnetic geophysical survey has begun.
Tillo Copper Project
A suite of three rock samples were collected, which are all located within the largest (2,500m x 1,500m) area of anomalous soil and talus samples (see previous news release January 30, 2023) (Figure 1). The rock samples returned copper grades ranging from 0.19% to 1.36%, with associated molybdenum mineralization ranging from 5ppm to 94ppm.
Figure 1
Figure 1: Location of initial rock samples collected at the Tillo copper project.
The next steps at Tillo include a program of detailed rock chip sampling and geological mapping, focusing on the most anomalous areas defined by the initial sampling.
Auquis Copper Project
A magnetic survey has been initiated at the Company’s 100%-owned Auquis copper project, where a total of 434 rock samples were collected in 2022, defining a core area of high-grade mineralization that measures 1,500m x 1,500m (see previous news release November 3, 2022). The new magnetic survey is planned to be completed over approximately 50-line km, covering the core area of porphyry-related mineralization and an area considered prospective for skarn mineralization (Figure 2).
Figure 2
Figure 2: Map of the Auquis copper project showing previously disclosed rock sample analysis
and the location of planned ground geophysical survey lines.
Corporate Update Webinar
On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live corporate update and will provide an overview of Latin Metals, its projects in South America and its goals for the coming year.
A live question-and-answer period will follow this for investors, analysts, and media.
Webinar Details
Date: Thursday, February 16, 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Speaker: Keith Henderson, CEO of Latin Metals Inc.
Registration Link: https://meet.zoho.com/W7CE9ctAr2
After registering, you will receive a confirmation email containing information about joining the webinar.
QA/QC
At the Auquis project, the geophysical survey is being undertaken by Zissou Contractors, who are responsible for aspects of data collection and QA/QC. At the Tillo project, the work was designed and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the QA/QC program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the ALS laboratory in Lima. Rock chip samples were taken in a 1 m x 1 m area with rock chip material weighing approximately 1.5 kg to 2.0 kg. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards.
Qualified Person
The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
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.
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.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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 Properties 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 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, including TSX-V acceptance for filing of the Option Agreements, 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 "Risk Factors" in the Company's latest Management 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.sedar.com.
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.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa989721-1c31-4cb1-9cec-1a6ab800f749
https://www.globenewswire.com/NewsRoom/AttachmentNg/6de405cc-a8a3-410f-ae6c-22279bb3d105
Peru mines power on despite protests, though shutdown risk looms
https://ca.finance.yahoo.com/news/exclusive-peru-mines-power-despite-100213056.html
Alexander Villegas and Adam Jourdan
Wed, February 8, 2023 at 2:02 a.m. PST·4 min read
Trucks remain stuck during a roadblock caused due to a demonstration by anti-government protestors, in Condoroma
Anti-government protestors block a road demanding the resignation of Peru's President Dina Boluarte, in Condoroma
An aerial view of trucks stuck during a roadblock caused due to a demonstration by anti-government protestors, in Condoroma
A view shows a makeshift dwelling near an area where hundreds of artisan miners have found a rich seam of copper, in Peru
By Alexander Villegas and Adam Jourdan
ESPINAR, Peru (Reuters) - Peru's biggest copper mines have been able to maintain production despite road blockades, attacks and protests that have roiled the Andean nation for over two months and led to warnings of production halts, an analysis showed on Wednesday.
The analysis of power usage data by Reuters at some of the key mines in Peru, the world's no. 2 copper producer, indicates that activity at the deposits remains near normal levels, although a source close to one major mine said the risk of stoppages was rising.
The South American nation has been gripped by anti-government protests since the Dec. 7 ouster of leftist President Pedro Castillo. Highways have been blockaded throughout the copper-rich south, threatening production and transport of the metal, hitting some company shares, and boosting already high prices.
But the data suggests mining activity has been resilient, at least for now.
This includes massive deposit Las Bambas, owned by China's MMG Ltd, which previously said it would have to halt production from Feb. 1, and Glencore's Antapaccay, which stopped production in mid-January but has since resumed.
The power data from COES, which represents firms in Peru's energy sector, shows that nearly all major mines are drawing normal or near-normal levels of electricity. The data has traditionally been a reliable indicator of mining activity.
https://www.reuters.com/graphics/PERU-MINING/zjpqjwqokvx/chart.png
GRAPHIC: Peru Mines: Power use (https://www.reuters.com/graphics/PERU-MINING/zjpqjwqokvx/chart.png)
A source close to Las Bambas said the mine, which previously said it faced a production halt from Feb. 1 due to key provisions not reaching the mine, said it had been able to keep operating at a minimum level after getting "last minute supplies."
The mine, which normally supplies some 2% of global copper, has been hit by regular blockades for years, usually causing its power use to fall sharply during the periods of disruption. This has not yet happened this time around, despite the protests.
The person added, however, that the mine risked fully running out of supplies by Wednesday, which would force it to move into a "care and maintenance" mode with its machinery that would use half the normal level of power.
https://www.reuters.com/graphics/PERU-MINING/gdvzynngzpw/chart.png
GRAPHIC: Las Bambas: Power and protest 9https://www.reuters.com/graphics/PERU-MINING/gdvzynngzpw/chart.png)
The data shows some mines experienced temporary dips in power use in recent months, including Peru's largest mine Antamina, co-owned by Glencore and BHP, and Glencore's Antapaccay around the middle of January.
Antapaccay reopened on Jan. 31 after a temporary halt and has been operating again at full capacity.
Hudbay Mineral Inc's Constancia mine has seen power use start to decline recently. Others, like Freeport-McMoRan's Cerro Verde are at normal or elevated levels. A combined index of six key mines is near normal.
Freeport-McMoRan spokesperson Linda Hayes said: "We are continuing to operate, but have limited our mill throughput by about 10% to deal with intermittent supply disruptions."
The other firms did not immediately respond to requests for comment about activity at their mines in Peru.
The mining activity is key to keeping global copper supply flowing. Brokerage Jefferies said in a Jan. 31 note that some 30% of Peruvian copper supply was at risk from the unrest, a "potential positive for the copper price."
The protests - which have led to the deaths of 48 people and are the worst violence Peru has seen in over 20 years - could of course soon start to have a greater effect on mining operations. Demonstrators are becoming more determined as lawmakers struggle to agree on calling snap elections, a key protest demand.
This week, Peru's Buenaventura suspended operations at a key silver mine after protesters invaded the site.
At a blockade on the "mining corridor" highway, protester Wilber Toco Aragua Salcedo told Reuters that people felt like the mines took all the wealth and left little for locals.
"The south is quite rich, but the mining concessions that we have harm the people," he said, adding he had heard mines were stocking up on supplies. "The people do not get tired, the people won't go away, we will not take a step back."
https://www.reuters.com/graphics/PERU-MINING/byvrlkoxave/chart.png
GRAPHIC: Peru: mines and power 9https://www.reuters.com/graphics/PERU-MINING/byvrlkoxave/chart.png)
Inca One Gold Reports Record Annual Sales of US$51.6 Million in Calendar 2022
https://www.newsfilecorp.com/release/153153
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2023) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)
Inca One Gold Reports Record Calendar Q4 2022 Sales of US$12.4 Million and December Production Results
https://www.newsfilecorp.com/release/152542
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2023) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)
Tier One Silver Defines Porphyry Copper Targets at Curibaya
https://www.accesswire.com/737205/Tier-One-Silver-Defines-Porphyry-Copper-Targets-at-Curibaya
Monday, January 30, 2023 7:00 AM
VANCOUVER, BC / ACCESSWIRE / January 30, 2023 / Tier One Silver Inc. (TSXV:TSLV)(OTCQB:TSLVF) ("Tier One" or the "Company") is pleased to announce that recent geophysical survey results, combined with existing exploration data sets, have led to the identification of two porphyry copper targets underlying the silver-gold epithermal mineralization defined on surface at its Curibaya project in southern Peru. Tier One Silver completed a 42.7-line kilometre (km) Controlled-Source-Audio-Frequency Magnetotelluric (CSAMT) geophysical survey over the central portion of the Curibaya project in late 2022 (Figure 1). These new data sets were integrated into the exploration model, building on previous geophysical, geochemical and geological data sets, to generate targets for the Company's next drill program at the project. The drilling, which is anticipated to begin in Q2, will comprise of approximately 5,000 metres (m) to follow-up on the high-grade silver-gold epithermal mineralization defined at surface and target the two main conductive features that may relate to a porphyry system.
Highlights:
CSAMT identifies two sub-vertical, low resistivity anomalies (400 m x 400 m and 600 m x 500 m) that are interpreted to be associated with a large-scale hydrothermal alteration system
Anomalies correlate with areas of multiphase alteration systems, including:
Advanced argillic alteration
Skarn and hornfels
Sericite - phengite - muscovite
Anomalies correlate with elevated bismuth, tellurium, selenium and copper values in rock samples
Absolute dating of alteration mineral in anomalies yielded a Paleocene age of 55Ma, which is a similar age to the regional porphyry copper giant deposits, Toquepala (57Ma), Cuajone (52Ma) and Quellaveco (55 Ma)
A Message from Christian Rios, SVP, Exploration:
"We believe the targets we've identified could be associated with a porphyry copper system at depth, particularly considering the absolute dating results, which indicate the mineralization to be from the Paleocene era. This provides further evidence that we are in the correct regional environment as the similar Paleocene-aged giant porphyry copper deposits nearby. We look forward to testing these strong targets in our next drill campaign."
CSAMT Results:
A CSAMT geophysical survey was completed in October 2022 to augment previously completed geophysical, geochemical and geological surveys. CSAMT is used as an exploration tool to identify deeply rooted resistive and conductive features that may correlate to feeder and breccia structures, and/or zones of silicification and clay alteration, possibly related to porphyry copper targets (Figure 2). An inversion of the Curibaya CSAMT data outlines two main conductive features that are 400 m by 400 m and 600 m by 500 m, respectively, and show significant depth extent over 700 m (Figure 3). Pseudo sections for lines L5800 and L6200 clearly illustrate sub-vertical conductive features (Figure 4).
Both the high conductivity and low resistivity features are sub-vertical and located under important alteration features such as an advanced argillic lithocap, a skarn and hornfels area and a white mica alteration area. Additionally, these conductive anomalies are geochemically anomalous in bismuth, tellurium, selenium and copper. The hydrothermal alteration present in the upper part of the system and the geophysical features are consistent with buried porphyry systems.
Strategy for H1 2023:
The synthesis and interpretation of these targets is ongoing and includes re-logging core and continued integration with other geophysical and geochemical datasets. The Company expects to have defined drill targets in the coming weeks. Upon completion of target definition, a drill program will be finalized to test for both the possible porphyry source (drilling to a depth of 500m - 800m) and the epithermal silver - gold structures (between 150m - 250m) on the property. The exploration field program is expected to start in Q2 2023.
Figure 1: Illustrates a general location map of the CSAMT lines for the survey that was conducted in October 2022.
Figure 2: Illustrates line L5800 and the zones of lower resistivity and higher conductivity, which may indicate zones of intense hydrothermal alteration that could be associated with a porphyry copper system. In addition, drill hole 8 is illustrated, which encountered 44 m of 52 ppm of molybdenum at a depth of approximately 270 m, which is another indication of a potential porphyry copper system.
Figure 3: An inversion of the CSAMT data outlines two main conductive features. Tier One Silver plans to test these porphyry copper targets in its next drill program. The CSAMT survey tested to a depth of 500 m.
Figure 4: Illustrates pseudo-sections for lines L5800 and L6200 and the sub-vertical conductive features.
The Company is also announcing that Michael Henrichsen is retiring as Chief Geologist of Tier One Silver to focus his efforts as Chief Geological Officer of Torq Resources. Tier One has been transitioning toward this restructuring since the appointment of Christian Rios as SVP of Exploration, who will be leading exploration operations at the Company going forward. Mr. Henrichsen will still be available to Tier One as a consultant, as needed.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki
President, CEO and Director
For further information on Tier One Silver Inc., please contact Natasha Frakes, VP, Communications, at (778) 729-0600 or info@tieronesilver.com
About Tier One
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and base metal deposits in Peru. The Company's management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. The Company's exploration assets in Peru include: Hurricane, Coastal Batholith, Corisur and the flagship project, Curibaya. For more information, visit www.tieronesilver.com.
CSAMT Parameters
The CSAMT survey was carried out by Quantec Geoscience Perú S.A.C., a company based in Vancouver with divisions operating in South America, including Peru. Data points were collected on grid lines-oriented NW-SE using 50 m station spacings, covering an area of approximately 4.5 km x 3.5 km. Overall, data quality is considered well above average and no stations were affected by external factors.
Results were compiled into sections, grid maps and a 3D Voxel model. Occam or Marquardt 1D Inversions are first used to invert the data to produce a smooth-layer 1-D resistivity/depth curve for each station. To avoid the effects of the near-field, some frequencies were removed.
Readings are statistically averaged based upon adjacent points to produce an associated value for each cell. Quantec Geoscience Perú S.A.C. provides high confidence in readings to a depth of at least 700 m.
Forward Looking Information and General Cautionary Language
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 the Company's current expectations and views of future events which 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. 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 heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements with respect to exploration plans.
Readers should refer to the risks discussed in the Company's Annual Information Form and Management's Discussion & Analysis for the year ended December 31, 2021, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.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.
SOURCE: Tier One Silver Inc.
Regulus Reports All Remaining Holes From 2022 Drill Campaign and Announces Completion of Colquirrumi Claims Earn-In
https://ca.finance.yahoo.com/news/regulus-reports-remaining-holes-2022-120000950.html
Regulus Resources Inc
Wed, February 1, 2023 at 4:00 a.m. PS
Latin Metals Discovers High-Grade Copper Mineralization at 100%-Owned Tillo Project, Peru
https://ca.finance.yahoo.com/news/latin-metals-discovers-high-grade-133200258.html
Latin Metals Inc.
Mon, January 30, 2023 at 5:32 a.m. PST·4 min read
Plate 1.
(A) Quartz monzonite porphyry with sericite alteration cut by early dark micaceous veinlets (B) Monzonite with sericite alteration and disseminated pyrite replaced by iron oxide (C) Monzonite with sericite alteration and disseminated pyrite-chalcopyrite, locally replaced by copper oxide
Figure 1.
Location of Tillo Copper Project (left) and results of soil / talus sampling survey, showing multiple anomalous zones and highlighting a 2,500m x 1,000m anomaly with red dashed line.
VANCOUVER, British Columbia, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) announces that it has discovered zones of high-grade copper mineralization at the Company’s 2,000-hectare, 100%-owned Tillo project, located in Peru’s Coastal Copper Belt. This is the first exploration completed on this new copper project and Latin Metals’ work has begun with geochemical sampling of soils and talus fines for a total of 253 geochemical samples. Several zones of anomalous samples have been delineated, including the largest zone which measures approximately 2,500m x 1,000m in area. Within this zone, copper values range from 250 ppm to a peak of 1,050 ppm copper, with supporting molybdenum mineralization (Figure 1).
Figure 1. Location of Tillo Copper Project (left) and results of soil / talus sampling survey, showing multiple anomalous zones and highlighting a 2,500m x 1,000m anomaly with red dashed line.
The anomalies defined by soil and talus sampling are supported by geological mapping and sampling, which identified copper mineralization in porphyry-textured outcrops (Plate 1).
Plate 1. (A) Quartz monzonite porphyry with sericite alteration cut by early dark micaceous veinlets (B) Monzonite with sericite alteration and disseminated pyrite replaced by iron oxide (C) Monzonite with sericite alteration and disseminated pyrite-chalcopyrite, locally replaced by copper oxide
Next Steps
A program of detailed rock chip sampling and geological mapping is expected to start in Q1, focusing on the most anomalous areas defined by the initial sampling.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types including Porphyry, Epithermal, VMS and IOCG. Latin Metals has a total of six 100%-owned copper exploration properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is advanced and expected to be drill ready in 2023. The Tillo property described herein is being explored for the first time.
QA/QC
The work program at Tillo was designed and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. B horizon soils samples were taken in excavated pits of 40cm x 40cm with sample material of approximately 1.5 kg to 2 kg. In areas without suitable soil development, talus samples were collected instead. Sample spacing on the property is 300m to 350 m. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards.
Qualified Person
The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
Corporate Update Webinar
On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live corporate update and will provide an overview of Latin Metals, its projects in South America and its goals for the coming year.
A live question-and-answer period will follow this for investors, analysts, and media.
Webinar Details
Date: Thursday, February 16, 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Speaker: Keith Henderson, CEO of Latin Metals Inc.
Registration Link: https://meet.zoho.com/W7CE9ctAr2
After registering, you will receive a confirmation email containing information about joining the webinar.
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.
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.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties 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 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, including TSX-V acceptance for filing of the Option Agreements, 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 "Risk Factors" in the Company's latest Management 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.sedar.com.
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/58303480-d87a-4662-b065-6efb4f130f2b
https://www.globenewswire.com/NewsRoom/AttachmentNg/28b3635b-e80f-43ad-8d90-c26c9a278022
Peru Protests Put Huge China-Owned Copper Mine on Brink of Halt
https://ca.finance.yahoo.com/news/peru-protests-put-huge-china-035639118.html
Bloomberg News
Sun, January 29, 2023 at 7:56 p.m. PST·2 min read
(Bloomberg) -- One of Peru’s biggest copper mines will stop production Wednesday if transport disruptions linked to nationwide political unrest don’t end, according to its owner MMG Ltd.
Protests have rocked the country for almost two months following the impeachment and replacement of former President Pedro Castillo. About 30% of Peru’s copper production is at risk, according to industry association SNMPE.
The Las Bambas facility will be unable to keep producing copper from Feb. 1 amid “a shortage of critical supplies” caused by road blockages in the area, Hong Kong-listed MMG said in a statement on Monday. The mine is a major source of copper in a country that churns out about a 10th of the world’s supplies.
See also: Why a President’s Arrest Triggered Violence in Peru: QuickTake
The strife in Peru has seen roadblocks, street demonstrations and the storming of a Glencore Plc mine. If the situation worsens there’s potential for the copper market to tighten further, with prices for the industrial metal having already risen by 10% this year. There are also supply risks in neighboring Chile, while demand in the biggest buyer in China looks poised to rebound.
Copper was little changed on Monday, while MMG shares fell as much as 6.4% in Hong Kong.
MMG, controlled by state—owned China Minmetals Corp., was already operating Las Bambas at just 20% of its 400,000 ton-a-year capacity by week, according to to SNMPE. Peru is also a significant producer of silver, zinc and tin.
Las Bambas has had a troubled history since it started production in 2016, with shipments frequently disrupted by community protests blocking the vehicles that carry ore to port from high in the Andes. Output fell 30% in the first half of last year, when the mine was forced to shut for 50 days.
Silver Mountain Resources: FIRST PASS DRILLING OF PERSEGUIDA VEIN CONFIRMS HIGH-GRADE INTERCEPTS AT AgMR's RELIQUIAS MINE
https://www.newswire.ca/news-releases/first-pass-drilling-of-perseguida-vein-confirms-high-grade-intercepts-at-agmr-s-reliquias-mine-882157255.html
Silver Mountain Resources Inc. Jan 25, 2023, 07:00 ET
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES/
Highlights
Underground drilling encountered high-grade silver-polymetallic intercepts in the Perseguida and Meteysaca vein and adjacent vein splays, including:
1.20m @ 331.67 g/t Ag, 1.74% Pb, 3.16% Zn, 0.31% Cu, and 1.34 g/t Au in the Perseguida vein, in drill hole SMR-60-22-PER, and
0.60m @ 281.00 g/t Ag, 1.60% Pb, 5.00% Zn, 0.48% Cu, and 0.32 g/t Au in the Meteysaca vein, in the same hole SMR-60-22-PER
0.50m @ 302.00 g/t Ag, 1.70% Pb, 2.60% Zn, 0.17% Cu, and 1.31 g/t Au, in the Perseguida vein, in hole SMR-64-22-PER
TORONTO, Jan. 25, 2023 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain", "AGMR" or the "Company") is pleased to provide further results from its recently completed 2022 underground drilling campaign with a total of 16,955 metres drilled in 71 bore holes at the Company's 100% owned Reliquias silver mine in Huancavelica, central Peru.1 The assay results of 4 holes drilled to test the Perseguida vein are reported in this release (Table 1).
Fig.1: Plan view of underground drilling program at the Reliquias silver mine, showing traces of drill holes completed in 2022 (in blue). The four holes reported in this release are labelled and highlighted in bold green lines. Additionally, underground workings, main mineralized veins, and drill platforms are displayed. Inset map shows Reliquias property block with locations of both silver mines and the processing plant. (CNW Group/Silver Mountain Resources Inc.)
Table 1: Weighted assay results of four drill holes testing the Perseguida vein. Intervals are downhole drilled core intervals. Drilling data to date is insufficient to determine true width of mineralization. The last column of the table indicates whether a drill intercept corresponds to one of the principal veins or to a vein splay. (CNW Group/Silver Mountain Resources Inc.)
Fig.2: Photo of mineralized interval of drill core, Perseguida vein, hole SMR-060-22-PER, 319.30 – 319.45 m depth. Vein interval is composed of several generations of grey and milky white quartz, with irregular pods and fine veinlets of silver sulpho-salts, galena, sphalerite, chalcopyrite and pyrite. Late rhodochrosite with interspersed brown iron oxides is also visible. (CNW Group/Silver Mountain Resources Inc.)
The northwest-southeast striking Perseguida vein system, located about 200 m northeast and subparallel to the Meteysaca vein, has seen limited underground exploitation from four mine levels, predominantly above the 560 m-level. Four exploratory bore holes were designed to investigate the continuity and mineralization of the northwestern part of the Perseguida vein, approximately 100 to 150 m below the lowest historic mine development. The mineralized structure has been encountered in all holes, reaching thicknesses between 0.30 and 1.25 m. The brecciated Perseguida vein is composed of silver sulpho-salts, galena, sphalerite, chalcopyrite, in gangue material including quartz, pyrite, and rhodochrosite.
Alfredo Bazo, President and CEO, commented: "Aimed at expanding the known mineralization below the historic resources at Perseguida, these initial drill holes identified promising intercepts from this structure. High silver grades are accompanied by elevated lead, zinc, and gold values in this vein. Drill hole SMR-60-22-PER also intercepted a high-grade interval of the Meteysaca vein, proving the extension of the structure at least 250 m to the southeast of the existing 415 m-level. We are also excited that a previously unknown vein was recognized between the Meteysaca and Perseguida structures (see Table 1). Its initial intercepts returned up to 132 g/t Ag, 4.2% Pb, 11.8% Zn, and 0.52 g/t Au over thicknesses of 0.3-0.5 m, which warrants follow-up drilling during the upcoming drill campaign."
_________________________________
1 For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available on the Company's profile on www.sedar.com.
Fig.1: Plan view of underground drilling program at the Reliquias silver mine, showing traces of drill holes completed in 2022 (in blue). The four holes reported in this release are labelled and highlighted in bold green lines. Additionally, underground workings, main mineralized veins, and drill platforms are displayed. Inset map shows Reliquias property block with locations of both silver mines and the processing plant.
The following table shows the results of mineralized intercepts encountered in the drill holes reported in this news release in more detail.
Table 1: Weighted assay results of four drill holes testing the Perseguida vein. Intervals are downhole drilled core intervals. Drilling data to date is insufficient to determine true width of mineralization. The last column of the table indicates whether a drill intercept corresponds to one of the principal veins or to a vein splay.
Fig.2: Photo of mineralized interval of drill core, Perseguida vein, hole SMR-060-22-PER, 319.30 – 319.45 m depth. Vein interval is composed of several generations of grey and milky white quartz, with irregular pods and fine veinlets of silver sulpho-salts, galena, sphalerite, chalcopyrite and pyrite. Late rhodochrosite with interspersed brown iron oxides is also visible.
On Behalf of the Board of Directors of Silver Mountain Resources Inc.
Alfredo Bazo, Chief Executive Officer and Director
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Antonio Cruz, an independent consultant of the Company and a Qualified Person within the meaning of National Instrument 43-101- Standards of Disclosure for Mineral Projects.
About Silver Mountain
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101 Technical Report—Castrovirreyna Project, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available at https://sedar.com.
For further information about our drill program, including cross sections of the main veins with drill hole locations, please refer to our corporate presentation, available on our website at www.agmr.ca
Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 36,000 hectares in the district of Castrovirreyna, Huancavelica, Peru.
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.
Sampling, QA/QC, and Analytical Procedures
Silver Mountain follows systematic and rigorous sampling and analytical protocols which meet industry standards. These protocols are summarized below.
All drill holes are diamond core holes with HQ or NQ core diameters. Drill core is collected at the underground drill site where recovery measurements are taken before the core is transported by truck to the core logging facility at the Caudalosa Grande mine camp, where it is photographed and geologically logged. The core is then cut in half with a diamond saw blade with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number. The core is typically sampled over a 1-2 metre sample interval unless the geologist determines the presence of an important geological contact. The bagged samples are then stored in a secure area pending shipment to a certified laboratory sample preparation facility. Samples are sent by batch to the ALS laboratory in Lima for assay. Silver Mountain independently inserts certified control standards, fine and coarse blanks, and duplicates into the sample stream to monitor data quality. These standards are inserted "blindly" to the laboratory in the sample sequence prior to departure from the core storage facilities. At the laboratory, samples are dried, crushed, and pulverized and then analyzed using a fire assay-AA finish analysis for gold and a full multi-acid digestion with ICP-AES analysis for other elements. Samples with results that exceed maximum detection values for the main elements of interest (Ag, Zn, Pb, Cu) are re-analyzed using precise ore-grade ICP analytical techniques, while high gold values are re-analyzed by fire assay with a gravimetric finish.
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. 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 "Forward-Looking Statements" and "Risk Factors" in the Company's final prospectus dated January 26, 2022, and other disclosure documents available on the Company's profile at www.sedar.com. 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: Alfredo Bazo, President, CEO & Director, abazo@agmr.ca; Jean Pierre Fort, Chief Financial Officer, jpfort@agmr.ca; Silver Mountain Resources Inc, 82 Richmond Street East, Toronto, ON M5C 1P1, info@agmr.ca, (647) 262-4017, www.agmr.ca
Tinka Drills 45 Metres At 11.5% Zinc And 6.5 Metres At 27% Zinc At West Ayawilca
https://tinkaresources.com/news-releases/tinka-drills-45-metres-at-11.5-zinc-and-6.5-metres-at-27-zinc-at-west-ayawilca/
Vancouver, Canada – Tinka Resources Limited (“Tinka” or the “Company”) (TSXV & BVL: TK) (OTCQB: TKRFF
Cerro de Pasco Resources is Granted Additional Strategic Concessions Adjacent to its Santander Mine and Announces Warrant Extension
https://www.newswire.ca/news-releases/cerro-de-pasco-resources-is-granted-additional-strategic-concessions-adjacent-to-its-santander-mine-and-announces-warrant-extension-850223951.html
Cerro de Pasco Resources Inc. Jan 18, 2023, 09:10 ET
MONTRÉAL, Jan. 18, 2023 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP) ("CDPR," or the "Company") is pleased to report that it has been granted by INGEMMET three additional mining concessions adjacent to its Santander Mine. The new concessions cover an additional 2,094.103 ha (Fig.1)
The new concessions, along with Magistral and Santander Pipe deposit, form part of the fertile regional area of mineralization that hosts numerous distal Zn-Pb carbonate replacement deposits (Porphyry and Skarn Mineral Deposit Belt) (Fig.2).
The Company considers that the new areas offer significant exploration potential in view of walk over surveys already undertaken and structural interpretation of Sentinel-2 imagery for the Santander District. Moreover, the combined concession is strategically located within the district of rich concessions including Romina, Puagjanca, Alpamarca and Huaron (Fig.3 and Fig. 4).
Guy Goulet, CEO of CDPR commented: "We identified the opportunity to acquire these attractive concessions and view them as strategic for the further development of our Santander mining unit. To date the Company has identified 15 exploration targets and we are very positive about the new opportunities these new concessions bring up".
The Company plans to negotiate land usage agreements for the new areas during 2023 and will undertake a mapping and sampling program for the first phase of exploration.
To view FIGURES 1 to 4, please click here
Warrant Extension
The Company proposes to amend the expiry date (the "Extension") of 4,283,277 outstanding share purchase warrants (the "Warrants") that were issued pursuant to non-brokered private placements closed between April 8, 2021 and May 27, 2021. Each Warrant currently entitles the holder to purchase one common share in the capital of the Company at a price of $0.50 per share for a period of two years (the "Expiry Date"). None of the Warrants have been exercised to date. The Expiry Date of the Warrants will be extended to May 27, 2024. All other terms of the Warrants will remain the same.
Technical Information
Mr. Jorge Lozano, MMSAQP and Chief Operating Officer for CDPR, has reviewed and approved the scientific and technical information contained in this news release. Mr. Lozano is a Qualified Person for the purposes of reporting in compliance with NI 43-101.
About Cerro de Pasco Resources
Cerro de Pasco Resources Inc. is a mining and resource management company with unparalleled knowledge of the mineral endowment in the city of Cerro de Pasco and its surroundings. Initially, the Company will unlock the useful life of the mine and extend the concession areas in its Santander mining operation, applying the highest safety, environmental, social and governance standards. The key focus of the growth for the Company is on the development of the El Metalurgista mining concession, one of the world's largest surface mineralized resources, applying the latest techniques and innovative solutions to process tailings, extract metals and convert the remaining waste into green hydrogen and derivatives.
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute "forward-looking information" or "forward-looking statements" under Canadian securities legislation. Generally, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "could", "will", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, occur or be taken or achieved. Such forward-looking statements, including but not limited to statements relating to the expected development and operations of the Company, involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Such factors include, among others, risks related to the exploration, development and mining operations; impacts of macroeconomic developments as well as the impact of the COVID-19 pandemic; and any material adverse effect on the business, properties and assets of the Company. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information included herein, except as required by applicable securities laws.
SOURCE Cerro de Pasco Resources Inc.
For further information: Cerro de Pasco Resources Inc., Guy Goulet, President and CEO, Tel.: 579 476-7000, Email: ggoulet@pascoresources.com
Silver Mountain Resources: DRILLING OF METEYSACA VEIN RETURNS BONANZA-GRADE INTERCEPTS AT AgMR's RELIQUIAS MINE
https://www.newswire.ca/news-releases/drilling-of-meteysaca-vein-returns-bonanza-grade-intercepts-at-agmr-s-reliquias-mine-871882697.html
Silver Mountain Resources Inc. Jan 11, 2023, 07:00 ET
Latin Metals Secures Drill Permit at Lacsha Copper Project, Peru
https://ca.finance.yahoo.com/news/latin-metals-secures-drill-permit-133000013.html
Latin Metals Inc.
Mon, January 9, 2023 at 5:30 a.m. PST·3 min read
Figure 1.
Outline of the permitted area at Lacsha, showing the location of20 approved drill pads and planned access roads. IP Chargeability is shown as acontoured background and with rock sampling results overlain.
VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) (TSXV: LMS) (OTCQB: LMSQF) announces that it has secured a drill permit at its 100%-owned Lacsha copper project, located in the Coastal Copper Belt, Peru. The drill permit is an FTA (Ficha Tecnica Ambiental) consisting of permission to construct all necessary access roads and 20 drill pads, from which up to 43 drill holes may be completed to depths up to 1000m below surface.
“Surface exploration completed during 2022 successfully framed the Lacsha project as a potentially intact porphyry copper system with multiple drill-ready targets,” stated Keith Henderson, the Company’s CEO. “Surface rock chip-channel sampling has defined consistent mineralization including 52m grading 0.38% copper and 237ppm molybdenum. While these surface grades are excellent, subsequently completed IP chargeability data points to peak chargeability below surface at approximately 100m from surface. The project requires drilling to test for mineralization to depth and establish whether the chargeability anomaly could reflect higher grade copper mineralization.”
Figure 1. Outline of the permitted area at Lacsha, showing the location of 20 approved drill pads and planned access roads. IP Chargeability is shown as a contoured background and with rock sampling results overlain.
https://www.globenewswire.com/NewsRoom/AttachmentNg/768c0cec-a399-441f-9a86-7c177c3e1602
Next Steps
With receipt of drill permits for the Lacsha copper project, the Company will continue to negotiate with potential partners to fund drill testing of priority targets.
Corporate Update Webinar
On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live corporate update to discuss its performance, and growth strategy and provide a general corporate update to the investment community.
A live question-and-answer period will follow this for investors, analysts, and media.
Webinar Details
Date: Thursday, February 16, 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Speaker: Keith Henderson, CEO of Latin Metals Inc.
Registration Link: https://meet.zoho.com/GtnQDeC1WU
After registering, you will receive a confirmation email containing information about joining the webinar.
QA/QC
The work program at Lacsha was designed and supervised by Eduardo Leon, the Company's Exploration Manager.
Qualified Person
The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
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.
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.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this 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, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties 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 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, including TSX-V acceptance for filing of the Option Agreements, 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 "Risk Factors" in the Company's latest Management 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.sedar.com.
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.
Turmalina Announces Multiple Drill Results From Chanape
https://ca.finance.yahoo.com/news/turmalina-announces-multiple-drill-results-130000540.html
Turmalina Metals Corp.
Tue, January 10, 2023 at 5:00 a.m
Tinka Drills Spectacular Hole at Ayawilca: 38.9 M @ 20% Zinc Including 10.4 M @ 42% Zinc
https://www.accesswire.com/734432/Tinka-Drills-Spectacular-Hole-at-Ayawilca-389-M-20-Zinc-Including-104-M-42-Zinc
Monday, January 9, 2023 6:15 AM
Tinka Resources Ltd.
http://www.tinkaresources.com
VANCOUVER, BC / ACCESSWIRE / January 9, 2023 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL:TK)(OTCQB:TKRFF)
DLP Resources intersects 218m of 0.80% CuEq* within a 664.3m interval of 0.53% CuEq* on the Aurora Project in Southern Peru
https://www.newsfilecorp.com/release/150351
Cranbrook, British Columbia--(Newsfile Corp. - January 5, 2023) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF
Buenaventura Announces Resumption of Julcani and Orcopampa Operations
https://ca.finance.yahoo.com/news/buenaventura-announces-resumption-julcani-orcopampa-115000734.html
December 27, 2022·2 min read
LIMA, Peru, December 27, 2022--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, advises that road blockades near the Julcani and Orcopampa mines have ceased completely and peacefully.
There has been no damage to Buenaventura’s property nor asset, allowing Julcani and Orcopampa to restart activities under normal operating conditions, also enabling the company to meet its 2022 production guidance.
Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).
The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMoRan Inc. and Sumitomo Corporation).
For a printed version of the Company’s 2019 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company’s web site.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning Cerro Verde’s costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, development and production, subsidiaries’ plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company’s view with respect to Cerro Verde’s future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221226005056/en/
Contacts
Contacts in Lima:
Daniel Dominguez, Chief Financial Officer
(511) 419 2540
Gabriel Salas, Head of Investor Relations
(511) 419 2591 / Gabriel.salas@buenaventura.pe
Company Website: www.buenaventura.com.pe/ir
Contacts in NY:
Barbara Cano
(646) 452 2334
barbara@inspirgroup.com
Silver X Provides Operational Update
https://www.accesswire.com/733537/Silver-X-Provides-Operational-Update
Thursday, December 29, 2022 7:00 AM
Silver X Mining Corp.
www.silverxmining.com
VANCOUVER, BC / ACCESSWIRE / December 29, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(FRA:WPZ) ("Silver X" or the "Company"), would like to provide an operational update in light of recent political developments in Peru. The company's Nueva Recuperada operation in the Department of Huancavelica, and other assets throughout the country, remain safe and secure. Recent demonstrations have been localized on other areas of the country and have not impacted the security of our projects or workforce. Due to some disruptions in the supply chain, the company has slowed down production while ensuing logistical challenges are addressed. It is expected that operations will return to full capacity within the first two weeks of January 2023.The company is continuing to actively evaluate developments and will provide timely updates as warranted.
About Silver X
Silver X is a Canadian silver mining company with assets in Peru. The Company's flagship asset is the Tangana silver, gold, lead, zinc, and copper project (the "Project") located in Huancavelica, Peru, 10 km north-northwest of the Nueva Recuperada polymetallic concentrate plant. Founders and management have a successful track record of increasing shareholder value. For more information visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. Garcia
CEO and Director
For further information, please contact:
Silver X Mining Corp.
José M. Garcia, CEO
+1 604 831 8070 | j.garcia@silverxmining.com
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.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation ("forward-looking information"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information contained in this press release may include, without limitation, exploration plans, results of operations, expected performance at the Project, the ability of the new zones at the Project to feed production at the Company's Nueva Recuperada Plant in the near term, the Company's belief that the Tangana system will provide considerable resource expansion potential, that the Company will be able to mine the Tangana Mining Unit in an economic manner, and the expected financial performance of the Company, exploration plans and expected exploration results at the Lily 19 Concession and the Ccasahuasi Concession,
The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price for the commodities we produce; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Project and Nueva Recuperada Plant; the availability of financing for operations and development; the Company's ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; that the estimates of the resources at the Project and the geological, operational and price assumptions on which these and the Company's operations are based are within reasonable bounds of accuracy (including with respect to size, grade and recovery); the Company's ability to attract and retain skilled personnel and directors; and the ability of management to execute strategic goals.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the Company's annual and interim MD&As and in its public documents filed on www.sedar.com from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: Silver X Mining Corp.
Minera IRL Completes Diamond Drill Program at the Corihuarmi Gold Mine and Begins a New Two-Phase Drilling Campaign
https://ca.finance.yahoo.com/news/minera-irl-completes-diamond-drill-120000454.html
Minera IRL Limited
Wed, December 14, 2022 at 4:00 a.m.·5 min read
LIMA, Peru, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF)
Peru copper mines face transport delays as protests spread
https://www.miningweekly.com/article/peru-copper-mine-face-transport-delays-as-protests-spread-2022-12-14
14th December 2022
By: Bloomberg
Protests against the ouster of President Pedro Castillo are starting to disrupt the movement of staff and supplies at Cerro Verde and other copper mines in Peru, the No. 2 supplier of the metal.
While on-site operations at mines have been unaffected by roadblocks and airport and rail shutdowns, off-site logistics have encountered some delays. Cerro Verde, near the southwestern city of Arequipa, is experiencing holdups in transport of people, supplies and product, owner Freeport-McMoRan said in an email late Monday.
While BHP Group and Glencore'S Antamina mine in north-central Peru is running smoothly, CEO Victor Gobitz said mines in other regions are encountering setbacks to the free movement of people and supplies.
Dozens of roads remain blocked in northern, eastern and southern regions. Whether logistical headaches for mines turn into potentially market-moving shipment or production constraints will depend on how long protests last and whether they intensify.
Raul Jacob, who heads mining and energy society, SNMPE, acknowledged the risk that the political unrest could inflame simmering community tensions in mining areas. But “right now we’re are not seeing that,” he said.
Minera IRL Announces a 23% Increase of Ounces of Gold Shipped for November
https://ca.finance.yahoo.com/news/minera-irl-announces-23-increase-220100744.html
Minera IRL Limited
Mon, December 12, 2022 at 2:01 p.m.·2 min read
LIMA, Peru, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF) is pleased to announce that the Corihuarmi Gold Mine (“Corihuarmi”) has shipped 2,123 ounces of gold in November 2022, an increase of 395 ounces over the 1,728 ounces shipped in October 2022 and 933 ounces more than the 1,190 ounces shipped in September 2022.
Mineralized material mined and placed on the leach pads between January and November 2022 totaled 4,117,650 tonnes at an average grade of 0.216 grams per tonne, containing 28,654 ounces of gold. As at the end of November 2022, a total of 19,373 ounces of gold have been shipped.
Qualified Person
Martin Mount, Independent Director of Minera, is a Fellow of the Geological Society of London (& Registered CGeol), a Fellow of the Institute of Materials, Metals & Mining (& Registered CEng), and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Mount has reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data.
About Minera IRL Limited
Minera IRL Limited is the CSE, BVL, FWB and OTCQB listed holding company of Minera IRL S.A. and Compañía Minera Kuri Kullu S.A., two precious metal mining companies engaged in mining exploration, development, and operations in Peru, with a primary focus on gold. Minera is led by an agile and experienced senior management team with extensive mining industry experience, particularly in South America. Minera operates the Corihuarmi Gold Mine located 5,000 meters above sea level in Central Peru, while assessing opportunities to advance its Ollachea Gold Project located in the Department of Puno, Southern Peru. For more information, please visit www.minera-irl.com.
On behalf of the Board of Directors of Minera IRL Limited
Gerardo Perez
Executive Chairman
Diego Benavides
CEO and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Minera IRL Limited
Susan Gabbie
Manager, Communications
+51 1 418 - 1230
Pedro Valdez
Head of Investor Relations
+51 1 418 – 1230
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Cautionary Statement on Forward-Looking Information
Certain information in this press release constitutes “forward-looking statements.” Forward looking statements are based on assumptions. While management believes these assumptions and statements are reasonable in context, forward-looking statements are inherently subject to political, legal, regulatory, business, environmental and economic risks and competitive uncertainties and contingencies. The Company cautions readers that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Minera IRL’s actual results and future performance to be materially different than those expected or estimated future results, performance or achievements and that forward-looking statements are not guarantees of future performance, results, or achievements.
Minera IRL assumes no obligation, except as may be required by law, to update or revise them to reflect new events or circumstances. Risks, uncertainties and contingencies and other factors that might cause actual performance to differ from forward-looking statements include, but are not limited to, Peru’s ability to continue to contain the COVID-19 crisis, changes in and access to the capital or precious metals markets, weather, labor unrest, the uncertainties inherent in mineral exploration and changes to legislative, political, social, health or economic developments both within Peru and in general.
Peru protesters threaten to halt Antapaccay, Bambas – report
https://www.miningweekly.com/article/peru-protesters-threaten-to-halt-antapaccay-bambas-report-2022-12-12
12th December 2022
By: Bloomberg
Peru’s demonstrators have threatened to stop work at Glencore’s Antapaccay and MMG’s Las Bambas copper mines in protest against the country’s new president and to demand fresh general elections, according to La Republica.
The demonstrators in south Peru said every state company will stop working and that they’ll block roads.
Unions and social organizations in Arequipa, the country’s second-most populous city, have announced protests will continue. The Federation of Education Workers and the Departmental Federation of Workers of Cusco, also in south Peru, have said they’ll join a 24-hour national strike on December 15, according to La Republica.
In the city of Andahuaylas, protests have left at least 21 people injured, including two policemen.
The demonstrations pose a challenge to new President Dina Boluarte as she tries to restore calm after the ouster of former President Pedro Castillo led to chaos last week.
Since Boluarte doesn’t have a party in congress, she is at risk of being ousted before her term expires in 2026. She is the nation’s sixth leader since the start of 2018.
American Lithium Looks to “Spin Out” Uranium Assets to Independent Public Company
https://ca.finance.yahoo.com/news/american-lithium-looks-spin-uranium-110000195.html
American Lithium Corp.
Wed, December 7, 2022 at 3:00 a.m.·6 min read
VANCOUVER, British Columbia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1)
NUBIAN PROVIDES UPDATE ON ESQUILACHE SILVER-ZINC PROJECT, PERU
https://www.newswire.ca/news-releases/nubian-provides-update-on-esquilache-silver-zinc-project-peru-850557040.html
Nubian Resources Ltd. Dec 07, 2022, 07:00 ET
TORONTO, Dec. 7, 2022 /CNW/ - Nubian Resources Ltd. (TSXV: NBR) (OTCQB: NBRFF) (
DLP Resources Intersects 214m of 0.43% CuEq* (0.35% Cu, 113.88ppm Mo and 3.95g/t Ag) on the Aurora Project in Southern Peru
https://www.newsfilecorp.com/release/146707
Cranbrook, British Columbia--(Newsfile Corp. - December 5, 2022) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)
ANACORTES PROVIDES AN UPDATE REGARDING ITS STRATEGIC REVIEW PROCESS
https://anacortesmining.com/2022/12/anacortes-provides-an-update-regarding-its-strategic-review-process/
VANCOUVER, BC, December 1, 2022 – Anacortes Mining Corp. (“Anacortes” or the “Company”) (TSXV:XYZ, OTCQX:XYZFF) is pleased to provide an update on its recent efforts to build shareholder value through an on-going strategic review process.
The Board of Directors and Management of Anacortes regularly review the Company’s overall corporate strategy and long-term strategic initiatives with a view of strengthening its business and identifying opportunities to maximize shareholder value. As part of this process, the Anacortes Board and Management continuously review the relative strategic benefits of (i) continuing as a single-asset company or (ii) corporate transactions that could involve acquisitions of complementary assets or the sale of the Company to logical suitors. Due to considerable inbound interest regarding a possible corporate transaction, the Company decided to undertake a strategic review process to evaluate the landscape of potential transaction opportunities.
As a consequence, Anacortes has been engaged in meaningful discussions with a certain party (the “Counterparty”) over the past five months regarding a possible transaction that could provide several strategic benefits to Anacortes, including a logical fit of quality assets, near-term production and cash flow generation, and a stronger financial position to fund the development of Anacortes’ Tres Cruces Project.
A non-binding letter of intent (the “LOI”) was executed with the Counterparty, which included a commitment for Anacortes to deal exclusively with the Counterparty. Given the compelling terms of the LOI, the Anacortes Board and Management agreed to enter into exclusive negotiations for a limited period of time. Since signing the LOI, both parties have conducted extensive technical, financial, legal, and tax due diligence, and negotiated a definitive agreement.
In an effort to conserve cash while discussions regarding this potential transaction were advanced, the Company temporarily suspended drilling operations at Tres Cruces.
Execution of the definitive agreement and closing of the transaction, as contemplated in the LOI, is conditional upon the resulting issuer securing the necessary working capital to advance its assets upon closing. The Counterparty continues to work diligently with various capital providers to obtain a favourable financing commitment.
Anacortes remains interested in the proposed transaction with the Counterparty and discussions between the parties are ongoing. However, given the length of engagement with the Counterparty, the Company has decided to let the exclusivity period lapse in order to investigate other alternatives that also have the potential to provide Anacortes shareholders with meaningful value-generating opportunities.
Anacortes looks forward to providing its shareholders with ongoing updates as its strategic review process is advanced. In the meantime, drilling operations at Tres Cruces will continue to be suspended, although certain metallurgical test work and environmental baseline studies will continue as part of a planned feasibility study on the highly prospective gold oxide project at Tres Cruces.
About Anacortes
Anacortes is a new growth-oriented gold company in the Americas, which owns a 100-per-cent interest in the Tres Cruces gold project located in Peru. Tres Cruces is one of the highest-grade undeveloped gold oxide deposits globally and hosts oxide plus sulphide indicated resources of 2,474,000 oz at 1.65 g/t gold, inclusive of 630,000 oz of high-grade leachable gold at 1.28 g/t gold and inferred resources of 104,000 oz at 1.26 g/t gold. The PEA on the leachable resource at Tres Cruces released earlier in 2022 indicates a robust open-pit, heap leach project. Anacortes intends to advance the Tres Cruces Oxide Project through feasibility, permitting and to production while continuing to seek further growth opportunities in the Americas, with the goal of creating a mid-tier multi-asset gold producer.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation (“Forward–looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements.
The Forward-looking Statements in this news release include the Company’s view of the synergies of a transaction with the Counterparty, the potential for the resulting issuer to secure the necessary working capital, the Company’s intent to provide ongoing updates, and, finally, the Company’s intent to advance Tres Cruces through feasibility, permitting and to production while continuing to seek further growth opportunities in the Americas with the goal of creating a mid-tier multi-asset gold producer. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “anticipated”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated” “containing”, “remaining”, “to be”, 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, many of which are beyond the ability of the Company to control or predict and which may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. These risks include changes in general economic conditions and financial markets; political risks; risks relating to the current and potential adverse impacts of the COVID-19 pandemic on the economy, financial markets and the Company’s operations; and risks inherent in mineral exploration and development. Although Forward-looking Statements contained in this news release are based upon what each of the parties believe are reasonable assumptions at the time they were made, such 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 these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on Forward-looking Statements.
The TSXV has in no way approved or disapproved of the contents of this press release.
Qualified Person
The technical content of this news release has been reviewed and validated by James (“Jim”) Currie, P. Eng., a qualified person as that term is defined in National Instrument 43-101. Mr. Currie is the President and CEO of Anacortes Mining Corp.
For more information visit: www.anacortesmining.com
Twitter: @anacortesmining
LinkedIn: Anacortes Mining
On Behalf of the Board James A. (Jim) Currie
President & CEO
Investor Relations Contact Kin Communications Inc.
604-684-6730
XYZ@kincommunications.com
SILVER MOUNTAIN REPORTS NEW UNDERGROUND CHANNEL SAMPLING RESULTS FROM ITS RELIQUIAS MINE
https://www.newswire.ca/news-releases/silver-mountain-reports-new-underground-channel-sampling-results-from-its-reliquias-mine-879994141.html
Silver Mountain Resources Inc. Dec 07, 2022, 07:00 ET
Silver X Announces Record Operating Earnings of US$2 Milion and All-in-Sustaining Cost per Silver Equivalent Ounce Produced of US$15.8 in the Third Quarter 2022
https://www.accesswire.com/728563/Silver-X-Announces-Record-Operating-Earnings-of-US2-Milion-and-All-in-Sustaining-Cost-per-Silver-Equivalent-Ounce-Produced-of-US158-in-the-Third-Quarter-2022
Monday, November 28, 2022 7:15 AM
Silver X Mining Corp.
www.silverxmining.com
VANCOUVER, BC / ACCESSWIRE / November 28, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(FRA:WPZ)
MMG mine in Peru resumes copper output; transportation still halted
https://ca.finance.yahoo.com/news/mmg-mine-peru-resumes-copper-224724020.html
Mon, November 28, 2022 at 2:47 p.m.·1 min read
LIMA, Nov 28 (Reuters) - MMG Ltd resumed copper production at its Las Bambas mine in Peru after a protest was lifted, a source close to the company said on Monday, but added that transportation of the metal to port remained blocked by a separate conflict.
Las Bambas had reduced its operations to 30% of its usual capacity earlier this month due to the protests.
Protests against the Chinese-owned mine are recurrent and have often disrupted operations, amid complaints by nearby indigenous communities that the company's huge mineral wealth has not translated into better living conditions for them.
The source said a protest in the town of Challhuahuacho had been lifted, which allowed production to resume.
But a separate protest blocking the road that Las Bambas uses to transport its copper onto a seaport for shipment to clients remained blocked along the Chumbivilcas province.
Peru is the world's No. 2 copper producer and Las Bambas ranks among its largest producers of the red metal.
Since Las Bambas began operations in 2016, the miner has faced over 540 days of road blockades, according to statistics kept by the company.
Cerro de Pasco Resources Announces Q3 2022 Financial Results
https://www.newswire.ca/news-releases/cerro-de-pasco-resources-announces-q3-2022-financial-results-894444072.html
Cerro de Pasco Resources Inc. Nov 29, 2022, 11:50 ET
MONTRÉAL, Nov. 29, 2022 /CNW Telbec/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP)
Newrange and Great Panther Terminate Agreement to Acquire Coricancha Mine in Peru
https://newrangegold.com/news/news-releases/2022/newrange-and-great-panther-terminate-agreement-to-acquire-coricancha-mine-in-peru/
November 25, 2022
ViewPDF
VANCOUVER, BRITISH COLUMBIA, November 25, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) – Newrange Gold Corp. (“Newrange” or the “Company”) announces that it has signed a Mutual Termination Agreement with Great Panther Mining Limited (“Great Panther”), terminating the Share Purchase Agreement to acquire the Coricancha Gold-Silver-Copper-Lead-Zinc Mine in Central Peru.
“We are deeply disappointed to have arrived at this outcome,” stated Robert Archer, President and CEO of Newrange. “We have been working on this acquisition since March and believe strongly in the potential of the Coricancha Mine. However, the current market for mining stocks, one of the worst in decades, has created a serious impediment to financing, especially for new acquisitions. While we attempted to gain an extension to the closing date, the intransigence of Great Panther’s creditors has, regrettably, made that impossible.”
As a result of the termination of this acquisition, the Company will not be proceeding with the proposed financing, share consolidation and name change at this time and it is anticipated that trading in the Company’s shares will resume within days.
About Newrange Gold Corp.
Newrange is currently focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Further information can be found on our website at www.newrangegold.com .
Signed: “Robert Archer”
President & CEO
For further information contact:
Email: info@newrangegold.com
Website: www.newrangegold.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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