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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.
Silver X Discovers Disseminated Gold and Silver Targets Beside Current Operations at Tangana
https://www.accesswire.com/728106/Silver-X-Discovers-Disseminated-Gold-and-Silver-Targets-Beside-Current-Operations-at-Tangana
Wednesday, November 23, 2022 10:50 AM
Silver X Mining Corp.
www.silverxmining.com
VANCOUVER, BC / ACCESSWIRE / November 23, 2022 / SILVER X MINING CORP. (TSX-V:AGX) (OTCQB:AGXPF) (F:WPZ)
Camino Confirms Highly Soluble Oxide Copper Minerals in New Discovery at Lourdes Zone, Los Chapitos, Peru
https://www.accesswire.com/727934/Camino-Confirms-Highly-Soluble-Oxide-Copper-Minerals-in-New-Discovery-at-Lourdes-Zone-Los-Chapitos-Peru
Wednesday, November 23, 2022 9:00 AM
Camino Minerals Corp.
www.caminocorp.com
VANCOUVER, BC / ACCESSWIRE / November 23, 2022 / Camino Corp. (TSXV:COR)(OTC PINK:CAMZF) (WKN:A116E1)
Minera IRL Provides Corporate Update
https://ca.finance.yahoo.com/news/minera-irl-provides-corporate-122400527.html
Minera IRL Limited
Tue, November 22, 2022 at 4:24 a.m.·7 min read
LIMA, Peru, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Minera IRL Limited (“Minera”, the “Company” or “we”) (BVL:MIRL) (CSE:MIRL) (FWB:DZX) (OTCQB: MRLLF) is pleased to provide a summary updating its objectives and achievements for the year, and its expectations for 2023.
Management’s primary objective and commitment over this past year has been to secure the financing for the flagship Ollachea Gold Project (“Ollachea”). As part of our strategy, we have expanded our marketing and outreach efforts with the intention of increasing the public’s awareness of Minera, having the potential to improve liquidity, and placing the company in a better position to complete a transaction that enables the construction of Ollachea.
STRATEGIC MARKETING PLAN
The focus of the Company during 2021 was to achieve a solid foundation on which to build Ollachea, which included the National Instrument 43-101 compliant Preliminary Economic Assessment with an optimized startup CAPEX and mining project design. This year, we have focused our effort on increasing public awareness of our Company and our projects with particular emphasis on the potential and opportunity for foreign investment in Peru, as it continues to be one of the fastest growing economies in Latin America and the outlook for the mining industry remains positive.
In April, we participated as a keynote speaker at the 3rd International Conference and Exhibition Mining Peru 2022, held in Lima. This conference brought together more than two hundred decision-making executives from national and international companies, as well as project owners and investors. During the same month, we also had a technical article published in the Global Mining Review, as part of an Exploration and Development feature. The article entitled “A Golden Opportunity in South America” provided subscribers with the prospects of the Ollachea Gold Project. We have had a second article published by Global Mining Review in its November/December issue. During the year, we have had interviews published in both MINPER 2022 (distributed at PDAC and PERUMIN 35), and LatAm Investor, where the challenges of financing gold development projects in Latin America were analyzed.
Our marketing efforts for 2022 included two roadshows in Europe, which is something we have not undertaken since 2014. The first roadshow was completed in June followed by another in September. Our Investor Relations team delivered a series of group and one-on-one presentations focusing on the sound results obtained at Corihuarmi during the past 14 years, and the significant opportunity that we see in bringing our Ollachea Gold Project into production. Interest shown by attendees was very encouraging, despite the level of global economic uncertainty.
ALTERNATIVE FINANCING FOR OLLACHEA
We remain in discussions with potential parties as a result of the roadshows, where it is recognized that Ollachea is one of the few shovel-ready projects in South America.
While we remain open to traditional financing or a strategic alliance, we have also begun to consider the possibility of gold streaming as a potential alternative or ‘add-on’. A streaming deal could provide the company with some significant portion of the required finance, reducing the debt required to a level that might prove easier to obtain.
Our relationship with COFIDE is open and robust and we have maintained regular and positive dialogue, and they remain committed to supporting a transaction that would advance Ollachea.
COMMUNITY ENGAGEMENT
The support and contribution to the development and quality of life of our local communities has continued to be a priority for the Company throughout 2022. We have ensured local participation in the provision of labor and skills at both our projects and have implemented social programs that are not only impactful but boost local economies while supporting sustainability and the preservation of cultural heritage.
This year AMARE, a group of women artisans from Ollachea, supported by our Peruvian subsidiary, Minera Kuri Kullu S.A., was selected as a finalist at the Kunan Challenge. This is an important annual award that recognizes social entrepreneurship with the aim of providing greater visibility of the wide array of projects that address social and environmental challenges in Peru, supported by the United Nations and various domestic corporate entities. This is not the first time that Minera’s community projects have been recognized at a national level both by private and government entities, and we believe that this is another validation of the success of our initiatives.
Minera remains a leader in community engagement and our social programs have already been reviewed and confirmed for 2023, in consultation and alignment with community interests.
OTCQB VENTURE MARKET (“OTCQB”)
With the aim to further increase visibility and tradability of Minera’s shares in the marketplace, the decision was made to uplist to the OTCQB Venture Market in the United States, along with obtaining Depository Trust Company (“DTC”) eligibility.
As a result of meeting the required reporting standards and management certification process, our Company’s ordinary shares have been uplisted to the OTCQB Venture Market, under the symbol “MRLLF.” In addition, our ordinary shares are now eligible for electronic deposit at DTC, which simplifies trading in the United States and should attract more interest in trading by a larger population of brokerage firms.
CORIHUARMI GOLD MINE (“Corihuarmi”)
The total gold production from Minera’s Corihuarmi mine during the third quarter of 2022 was 9% lower than the second quarter of 2022. This is primarily a consequence of prolonged transportation strikes and road blockages, plus disruptions triggered by the community at our operation.
Performance has also been impacted by rising prices of fuel and other consumables used in the mining industry. Diesel prices in Peru between November 2020 and October 2022 have risen by 60%1. Our fuel expense over the same period had an actual increase of 80%, rising from $3.69 to $6.67 per gallon. Explosives, which are an integral part of the drill and blast operations, have almost doubled in their cost from $22.70 to $44.46 per bag. This has resulted in significant production cost increases like many other large and medium operators and producers worldwide.
We have implemented different initiatives designed to mitigate this situation and ultimately revert it. These efforts have included the execution of a diamond drill program and in-house and third-party planning studies, which are already yielding positive operational savings.
The diamond drill program was initiated in July 2022 with encouraging preliminary results announced in a Press Release dated September 14, 2022. Gold mineralization at Corihuarmi is mined by open pit methods with an average grade of 0.21 grams Au per tonne, but these results suggest that production can be improved due to the higher defined grades. The results also support the possibility that operations at Corihuarmi can be extended past the current Life of Mine, which is something we are reviewing at this time.
October production results are already reflecting the strategy that the Company has implemented. Corihuarmi shipped 1,728 ounces of gold in October, a 45%increase as compared to the September 2022 shipment of 1,190 ounces of gold. As at the end of October 2022, a total of 17,250 ounces of gold have been shipped and as we approach the end of the year our priority and focus are on achieving the revised production target of 20,000 ounces for 2022.
Diego Benavides, our CEO, said “Each year comes with its own challenges, but we remain unwavering in our commitment to get Ollachea financed, leveraging on the fact that it is one of the few shovel-ready projects in South America. The gold market has come under pressure this year, but given the present global economic uncertainty, and as a long-term hedge against inflation, we believe that the value of gold is positioned to strengthen. We are confident that Ollachea will be recognized as a significant opportunity, and that our efforts will result in a transaction that enables the beginning of construction in 2023.”
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
Pedro Valdez
Head of Investor Relations
+51 1 418 - 1230
Susan Gabbie
Manager, Communications
+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. Forward-looking statements in this press release include management’s belief that the development of Ollachea represents a significant opportunity, its belief that gold streaming could provide a significant portion of the capital required to develop Ollachea and that a streaming deal might reduce debt to a level easier to obtain, the Company’s expectation that DTC eligibility should attract more trading interest in the United States, its belief that the value of gold is positioned to strengthen and that its efforts will result in a transaction that enables the beginning of construction in 2023. 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.
1 Source: Fuel price statistics published by the Central Reserve Bank of Peru (BCRP).
Panoro Minerals' Drilling Program Identifying Expansion Potential at Cotabambas Project, Peru
https://www.newswire.ca/news-releases/panoro-minerals-drilling-program-identifying-expansion-potential-at-cotabambas-project-peru-885091625.html
Panoro Minerals Ltd. Nov 21, 2022, 09:20 ET
VANCOUVER, BC , Nov. 21, 2022 /CNW/ - Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (OTCQB: POROF)
Tinka Drills 45 Metres @ 12% Zinc Including 16 Metres @ 22% Zinc at West Ayawilca
https://www.accesswire.com/727264/Tinka-Drills-45-Metres-12-Zinc-Including-16-Metres-22-Zinc-at-West-Ayawilca
Monday, November 21, 2022 6:15 AM
Tinka Resources Ltd.
http://www.tinkaresources.com
VANCOUVER, BC / ACCESSWIRE / November 21, 2022 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV & BVL: TK) (OTCQB: TKRFF)
Silver Mountain Resources: NEW HIGH-GRADE SILVER-POLYMETALLIC INTERCEPTS FROM DRILLING AT AGMR'S RELIQUIAS MINE
https://www.newswire.ca/news-releases/new-high-grade-silver-polymetallic-intercepts-from-drilling-at-agmr-s-reliquias-mine-816071351.html
Silver Mountain Resources Inc. Nov 17, 2022, 07:00 ET
Tier One Silver Reports Channel Sampling Results from the Magdalena Target at Hurricane
https://ca.finance.yahoo.com/news/tier-one-silver-reports-channel-120000325.html
Tier One Silver Inc.
Tue, November 15, 2022 at 4:00 a.m.·14 min read
VANCOUVER, BC / ACCESSWIRE / November 15, 2022 / Tier One Silver Inc. (TSXV:TSLV)(OTCQB:TSLVF
Kuya Silver Discovers New Silver-Polymetallic Zone At Carmelitas Prospect in Peru, Including New Vein Discovery Sampling 1944 g/t Silver Equivalent (1315 g/t Silver)
https://www.newsfilecorp.com/release/144608
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2022) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1
Mining operations at MMG’s Las Bambas mine in Peru down to 30% due to blockade
https://www.mining.com/web/mining-operations-at-mmgs-las-bambas-mine-in-peru-down-to-30-due-to-blockade/
Reuters | November 17, 2022 | 7:30 am Top Companies Latin America Copper
Mining activities at MMG Ltd’s Las Bambas copper mine are operating at just 30% of capacity, a source close to the company said on Thursday, due to blockades from nearby communities.
The blockades started in late October, the source said, and have slowly reduced mining activities due to lack to of supplies. The company had previously announced the reduction of operations but had not detailed its extent.
Chinese-owned Las Bambas ranks among the world’s biggest copper mines but has been repeatedly disrupted by social conflicts with nearby indigenous communities since it opened in 2016.
Peru is the world’s No. 2 copper producer.
Anfield to Acquire Artillery Peak Uranium Properties
https://ca.finance.yahoo.com/news/anfield-acquire-artillery-peak-uranium-120000643.html
Anfield Energy Inc.
Tue, November 15, 2022 at 4:00 a.m.·8 min read
VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) -- November 14, 2022 — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD
Silver X Announces Results of a Work Program at the Lily 19 Mining Concession Adjacent to Current Operation at Tangana
https://www.accesswire.com/726134/Silver-X-Announces-Results-of-a-Work-Program-at-the-Lily-19-Mining-Concession-Adjacent-to-Current-Operation-at-Tangana
Wednesday, November 16, 2022 9:00 AM
VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(FRA:WPZ)
Turmalina Metals: Initial Drilling at Chanape Intersects Shallow Au-Ag Mineralisation in Multiple Breccias
https://ca.finance.yahoo.com/news/initial-drilling-chanape-intersects-shallow-130000591.html
Turmalina Metals Corp.
Tue, November 15, 2022 at 5:00 a.m
Hudbay Provides Exploration Update and Announces Initial Mineral Resource Estimate at Llaguen
https://ca.finance.yahoo.com/news/hudbay-provides-exploration-announces-initial-232300235.html
Hudbay Minerals Inc.
November 2, 2022
Hannan Announces Results of Airborne Survey at Valiente, Peru
https://www.accesswire.com/724688/Hannan-Announces-Results-of-Airborne-Survey-at-Valiente-Peru
Wednesday, November 9, 2022 6:15 AM
Hannan Metals Ltd.
https://hannanmetals.com/
VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN) (OTC PINK:HANNF) is pleased to announce that the company has successfully completed a high-resolution, airborne geophysical survey on its 100%-owned Valiente project in central Peru. The survey is the first of its kind in a previously unknown Miocene-age porphyry-epithermal copper-gold mineralized belt. The Valiente project is contained within a 140 km by 50 km area.
Before the airborne survey, Hannan's exploration team had identified at least 12 intrusion related porphyry/epithermal/skarn target areas, which correlate with porphyry indicator minerals from stream sediment samples (BLEG) and/or hydrothermally altered boulders in catchments across the 94,500 ha property. This is considered by Hannan to be an exceptional number of copper-gold targets discovered in a new Miocene belt at such an early stage of exploration, none which have ever been drill tested.
Highlights:
A 5,176-line kilometre airborne magnetic and radiometric survey has been completed and processed at the Valiente project. The survey covers the entire 94,500 ha of Hannan's 100%-owned mining concessions across the project area. The data are now being analyzed with preliminary results presented here.
Hannan's preliminary evaluation of the airborne data demonstrates at least 18 magnetic anomalies of significance across the project.
Magnetic and radiometric data were recorded simultaneously during the survey. Both data sets are instrumental for targeting porphyry deposits due to the presence of magnetic minerals (such as magnetite) and potassic alteration (from minerals such as biotite and K-feldspar), often associated with the core of porphyry mineral systems.
A strong correlation is observed with known mineralized areas and magnetic and potassic radiometric anomalies such as at:
The Belen prospect with two porphyry targets at Ricardo Herrera and Sortilegio (Figure 2)
Valiente Norte, where four magnetic targets have been identified (Figure 3).
Michael Hudson, CEO, states: "Over 2022, the Valiente project has already delivered 12 different porphyry/epithermal/skarn target areas from geochemical and geological mapping. The airborne magnetic and radiometric survey has now delivered at least 18 magnetic target areas, many which overlap with known copper-gold mineralized areas, and equally many that we are yet to explore. The survey is a step change for the project in terms of our understanding and direct targeting of copper-gold mineralization, as well as aiding in the scale reduction of our vast land holding by helping us focus on key areas."
DISCUSSION
The 100% owned and explored by Hannan Metals Ltd, 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 combing the airborne data with 3D litho-structural interpretations and results from stream sediments samples (BLEG) is currently being undertaken.
The initial results presented demonstrate an excellent correlation between the known areas of mineralization and magnetic and radiometric data. This positive correlation is thought to be augmented by two local factors. Firstly, the sedimentary country rocks are non-magnetic which make detection of low magnetic bodies simpler. Secondly, the overburden of the area is local and despite the thick jungle canopy, the detection of potassic alteration zones from radiometric data is straight forward.
SURVEY DESCRIPTION
The high quality airborne geophysical survey was carried out by New Sense Geophysics S.A.C. ("NSG"), a specialized, independent geophysical contractor based in Lima, Peru. The airborne survey was flown over the Valiente project in September 2022, using NSG's Stinger system attached to a helicopter. The helicopter survey flying height was approximately 30 m above the canopy. A total of 5,176-line kilometres were collected during the survey, on transverse 200 m-spaced lines along the E-W orientation. Data processing was performed by Four Winds Technology Pty Ltd (Roland Hill).
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.
SILVER MOUNTAIN INTERSECTS SILVER-POLYMETALLIC MINERALIZATION IN MULTIPLE VEINS AT ITS RELIQUIAS MINE
https://www.newswire.ca/news-releases/silver-mountain-intersects-silver-polymetallic-mineralization-in-multiple-veins-at-its-reliquias-mine-898106849.html
Silver Mountain Resources Inc. Nov 10, 2022, 07:00 ET
SILVER X PROVIDES OCTOBER 2022 OPERATIONS UPDATE: 192,830 Silver Equivalent Ounces Mined; 169,537 Silver Equivalent Ounces Processed
https://www.accesswire.com/724490/SILVER-X-PROVIDES-OCTOBER-2022-OPERATIONS-UPDATE-192830-Silver-Equivalent-Ounces-Mined-169537-Silver-Equivalent-Ounces-Processed
Tuesday, November 8, 2022 9:00 AM
VANCOUVER, BC / ACCESSWIRE / November 8, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(FRA:WPZ) ("Silver X" or the "Company") is pleased to provide a monthly operational update for October 2022.
October 2022 Highlights
192,830 Silver equivalent ounces supplied from Tangana. Supply exceeded processing capacity due to unexpected plant maintenance towards the end of the month
169,537 silver equivalent ounces* (AgEq) processed in October
Average processing plant head grade of 14.96 oz/t (465 g/t) AgEq* in October
October processing plant metal calculated recoveries of 89% for silver, 80% for gold, 85% for zinc and 86% for lead
8 consecutive months of increased processing on a 3-month moving average from January 2022
In October 2022 the head grade at the Recuperada processing plant averaged 14.96 oz/t AgEq*. Recoveries at the plant were 84.89% for silver, 79.53% for gold, 86.29% for lead and 84.89% for zinc based on mass balance calculations.
Figure 1: Recuperada monthly processing figures for 2022.
*Note: Silver equivalent ounces for September were calculated using $1,665/oz Au, $19.36/oz Ag, $7,621/t Cu, $1,988/t Pb, $2,960/t Zn and does not consider metallurgical recoveries.
Please see "Cautionary Note regarding Production without Mineral Reserves" at the end of this news release.
"Recuperada continues to demonstrate strong operation performance. This is the third month in a row at full speed" stated Jose M Garcia, CEO of Silver X. "This wouldn't be possible if not for the hard work of the Recuperada team. The bulk of production continues to come from the Tangana 1 vein where we remain focused on grade and consistency".
Qualified Person
Mr. A. David Heyl, who is a qualified person under NI 43-101, has reviewed and approved the technical content of this news release for Silver X. Mr. Heyl, B.Sc., C.P.G., QP is a Certified Professional Geologist and] Qualified Person under NI 43-101. With over 25 years of field and upper management experience, Mr. Heyl has a solid geological background in generating and conducting exploration and mining programs for gold, rare earth metals, and base metals, resulting in several discoveries. Mr. Heyl has 20 years of experience in Peru. He worked for Barrick Gold, was the exploration manager for Southern Peru Copper, and spent over twelve years working in and supervising underground and open pit mining operations in the Americas. Mr. A. David Heyl is a consultant for Silver X.
Cautionary Note regarding Production without Mineral Reserves
The decision to commence production at the Nueva Recuperada Project and the Company's ongoing mining operations as referenced herein (the "Production Decision and Operations") are based on economic models prepared by the Company in conjunction with management's knowledge of the property and the existing estimate of inferred mineral resources on the property. The Production Decision and Operations are not based on a preliminary economic assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Production Decision and Operations, in particular: the risk that mineral grades will be lower than expected; the risk that additional construction or ongoing mining operations are more difficult or more expensive than expected; and production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis in accordance with NI 43-101.
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
+34 635 204 069 | 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.
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.
Mantaro Precious Metals Announces Santas Gloria Property Fully Permitted for Drilling
https://www.newswire.ca/news-releases/mantaro-precious-metals-corp-announces-santas-gloria-property-fully-permitted-for-drilling-876043867.html
Mantaro Precious Metals Corp. Nov 08, 2022, 07:00 ET
VANCOUVER, BC, Nov. 8, 2022 /CNW/ - MANTARO PRECIOUS METALS CORP. (TSXV: MNTR) (OTCQB: MSLVF) (FSE: 9TZ) ("Mantaro") is pleased to announce that it has received the authorization to start drilling activities ("AIA") at the Santas Gloria Property, Peru. Under the AIA, Mantaro will be able to construct 20 drill pads in order to target numerous high-grade silver and gold veins at Santas Gloria.
Drilling at the Santas Gloria Property will initially target four high-grade silver and/or gold vein systems:
Figure 1 – All Channel Sample Gold and Silver Assays Collected at Santas Gloria Jose Silver Property (CNW Group/Mantaro Precious Metals Corp.)
Tembladera Vein System. The Tembladera veins have a cumulative strike length of 4 km. Previous underground channel sampling results ranged from < 5 g/t silver to 10,000 g/t silver, and surface channel sampling results ranged from < 5 g/t silver to 798 g/t silver.
San Jorge Vein System. The San Jorge veins have a cumulative strike length of 3 km. Previous underground channel sampling results ranged from < 5 g/t silver to 4,100 g/t silver, and surface channel sampling results ranged from < 5 g/t silver to 2,500 g/t silver.
Paquita Vein System. The Paquita vein crops out in the north of the Property over a strike length of almost 1.25 km. Previous surface channel sampling results ranged from < 5 g/t silver to 502 g/t silver and 0.05 g/t gold to 3.32 g/t gold.
Maribel Vein System. The Maribel vein crops out in the north of the Property over a strike length of almost 1.3 km. Previous surface channel sampling results ranged from < 5 g/t silver to 585 g/t silver and 0.05 g/t gold to 1.63 g/t gold.
*See Figure 1 and Mantaro's news release dated June 2, 2021 on the above noted results.
The Santas Gloria Property is the ideal project for Mantaro to carry out its next phase of drilling activities due to the extensive silver and gold-rich system. Numerous high-grade silver and gold intermediate sulphidation epithermal veins run through Santas Gloria at surface and present excellent targets.
In order to optimize its drill targeting, Mantaro carried out preliminary metallurgical test work on the project demonstrating robust gold and silver recoveries above 80%. Metallurgical test work of sulphide samples taken from underground adits support both bulk flotation flow-path and sequential flotation flow-path, with the bulk flotation flow-path producing a single gold, silver, lead and zinc rougher concentrate (15 minutes of flotation and 8.6% mass pull) with 10,545 g/t silver, 5.38 g/t gold, 5.17% zinc and 13.8% lead and recovering 88.1% of the silver, 80.9% of the gold, 64.4% of the zinc and 79.3% of the lead (see news release dated August 9, 2021).
The technical team carried out a comprehensive permitting process on Santas Gloria that included, among other things, three archeological certificates (CIRA), approval of the environmental application (Ficha Tecnica Ambiental), water permits and the AIA.
Mantaro anticipates that it will settle the terms of a drill contract shortly and commence construction of the drill pads in November 2022.
The high-grade silver dominant nature of the Santas Gloria Property compliments Mantaro's gold focused Golden Hill Property. As previously reported in its news releases dated October 5 and 26, 2022, Mantaro has drilled a number of high-grade near surface gold intercepts including GH0006 4.0 meters at 6.46 g/t gold from 76 meters and GH0003 4.69 meters at 5.15 g/t gold from 171.4m. Mantaro anticipates additional assays will be received shortly.
Qualified Person
Dr. Christopher Wilson, Ph. D., FAusIMM (CP), FSEG, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
About Mantaro Precious Metals Corp.
Mantaro Precious Metals Corp. is a British Columbia company that holds a diversified portfolio of gold and silver focused mineral properties in Bolivia and Peru. The Company's holds an option to acquire up to an 80% interest in the advanced Golden Hill Property ("Golden Hill"), located in the underexplored, orogenic Bolivia Shield, Bolivia.
The Company also has a 100% interest in the high-grade Santas Gloria Property as well as a 100% interest in each of the La Purisima, Cerro Luque and Huaranay Properties (collectively, the "Silver Properties"). The Silver Properties are located in Peru.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mantaro Precious Metals Corp.
For further information: Leo Karabelas, Phone: (647) 689-6041, E-mail: info@mantaropreciousmetals.com
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q3 2022 Financial Results
https://ca.finance.yahoo.com/news/sierra-metals-subsidiary-peru-sociedad-105000685.html
Thu, November 3, 2022 at 3:50 a.m.·4 min read
TORONTO, November 03, 2022--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the third quarter of 2022 ("Q3 2022").
The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at:
SMV -- Superintendencia del Mercado de Valores -- Información Financiera
To search for the Company’s financial statements, enter the following parameters in the empty fields:
Empresa: Sociedad Minera Corona S.A.
Periodo: 2022 and Trimestre III
Sierra Metals will be releasing its Q3 2022 consolidated financial statements on Monday November 14th, 2022, with an investor conference call taking place on Tuesday November 15th, 2022.
About Sierra Metals
Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. The Company has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
The Company's Common Shares trade on the Toronto Stock ESxchange and the Bolsa de Valores de Lima under the symbol "SMT" and on the NYSE American Exchange under the symbol "SMTS".
For further information regarding Sierra Metals, please visit www.sierrametals.com.
Continue to Follow, Like and Watch our progress:
Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals
Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian and United States securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra and reflect management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "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" or the negative of these words or comparable terminology. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra to be materially different from any anticipated performance expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 16, 2022 for its fiscal year ended December 31, 2021 and other risks identified in the Company's filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.
The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221103005348/en/
Contacts
Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com
Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Protesters in Peru target Hochschild's largest mine
https://ca.finance.yahoo.com/news/protesters-peru-target-hochschilds-largest-231418749.html
Mon, October 31, 2022 at 4:14 p.m.·1 min read
LIMA, Oct 31 (Reuters) - Peruvian demonstrators on Monday burned infrastructure at Hochschild Mining Plc's Inmaculada mine as part of a protest, the company said, threatening the operations of its largest mine in the Andean nation.
UK-listed Hochschild is an important precious metals miner and Inmaculada produces both gold and silver.
The company did not say if production had been affected, but said protesters had blocked the entrance to the mine since Oct. 27.
Reuters could not reach the protesters for comment. Hochschild identified them as members of the Casma Palla Palla community in the southern region of Ayacucho.
Protests from impoverished indigenous communities against large mines are common in Peru, which is the world's No. 2 copper producer. They have also targeted Inmaculada in the recent past.
Last year, Peru's left-wing government led by President Pedro Castillo briefly said, before backtracking, that it would wind down production at Inmaculada following pressure from local communities.
The decision at the time sent Hochschild's shares tumbling as much as 50% on the news.
Hochschild has a plan to invest $4.4 billion in Inmaculada which could extend the mine's life through 2042.
Latin Metals Expands High-Grade Copper Mineralization at 100%-Owned Auquis Project, Peru
https://ca.finance.yahoo.com/news/latin-metals-expands-high-grade-122500637.html
Latin Metals Inc.
Thu, November 3, 2022 at 5:25 a.m.·4 min read
Plans Geophysical Follow Up Survey
Plate 1.
Typical porphyry B-type veins in outcrop (left) and outcropping copper oxide mineralization (right) from within the core area of high-grade mineralization (shown on Figure 1).
Figure 1.
Map showing all rock sample locations on the Project and highlighting rock samples not previously disclosed with a larger symbol. All copper grades greater than 0.2% copper are labelled. The area defined by red square shows consistent copper mineralization over 1.5km x 1.5km extent.
VANCOUVER, British Columbia, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS and OTCQB: LMSQF) announces the results of its surface rock sampling program at the 100%-own Auquis Project (the “Project”), located in Peru. A total of 200 additional rock samples were collected, returning anomalous mineralization grading up to 5.8% copper and 236ppm molybdenum. A total of 434 rock samples have now been collected across the Project area, defining a core area of high-grade mineralization that measures 1.5km by 1.5km.
“Ongoing rock sampling results from Auquis continue to expand the footprint of copper mineralization on the project with the core area expanded by more than 100% as a result of recent exploration,” stated Keith Henderson, Latin Metals’ President & CEO. “The project has potential scale and grade, which are important ingredients required to secure a future partner.”
Plate1
Plate 1. Typical porphyry B-type veins in outcrop (left) and
outcropping copper oxide mineralization (right) from within
the core area of high-grade mineralization (shown on Figure 1).
Rock Sampling Results
The results of additional rock sampling completed in August 2022 have expanded the core area of high-grade mineralization to approximately 1.5km by 1.5km (red outline, Figure 1). Within this core area, combined results of 265 rock sample results return grades ranging from 6ppm to 5.8% copper (average 0.10% copper) and from 0.3ppm to 236ppm molybdenum (average 4.9ppm molybdenum). Previous rock sampling results at Auquis were disclosed in a news release dated July 20, 2022 (234 samples).
Mineralization
Within the core area of copper-molybdenum mineralization, porphyry-style mineralization has been recognized and sampled (Plate 1). In the western portion of the property an interpreted contact with carbonaceous rocks has potential to host skarn mineralization. This contact is cover by volcanic rock, but hydrothermal alteration has been recognized within limestone units to the west.
Figure1
Figure 1. Map showing all rock sample locations on the Project and highlighting rock samples not previously
disclosed with a larger symbol. All copper grades greater than 0.2% copper are labelled.
The area defined by red square shows consistent copper mineralization over 1.5km x 1.5km extent.
Next Steps
Latin Metals is planning to complete a ground magnetic survey covering the core copper-molybdenum anomalies for a total of approximately 60-line km. The magnetic survey is designed to determinate the dimension of the porphyry target mapped on surface and the potential skarn mineralization to the west.
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’ 100%-owned Auquis, Lacsha, Yanba, Tillo, Para and Loli projects are all located in the northern Lima-Ica portion of the coastal belt.
QA/QC
The work program at Auquis 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. 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, 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/c5d012f0-70e7-41b2-a1ab-68e58a1594bc
https://www.globenewswire.com/NewsRoom/AttachmentNg/919069fb-9a4c-4e11-ae98-b2ac6dacd62f
C3 Metals Completes 73 Hole Drilling Program at Jasperoide, Peru
Intersects 63.9m at 1.2% Copper
https://www.newsfilecorp.com/release/142559
Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF)
Inca One Gold Reports Calendar Q3 2022 Sales of US$9.6 Million
https://www.newsfilecorp.com/release/142103
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2022) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)
Buenaventura Announces Third Quarter and Nine-month 2022 Results
https://ca.finance.yahoo.com/news/buenaventura-announces-third-quarter-nine-000500649.html
Thu, October 27, 2022 at 5:05 p.m.·5 min read
LIMA, Peru, October 28, 2022--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM
SILVER MOUNTAIN REPORTS FURTHER DRILL RESULTS FROM MATACABALLO VEIN AT ITS RELIQUIAS MINE
https://www.newswire.ca/news-releases/silver-mountain-reports-further-drill-results-from-matacaballo-vein-at-its-reliquias-mine-879000350.html
Silver Mountain Resources Inc. Oct 26, 2022, 07:00 ET
Solis Minerals: Project Tenements Granted at Cinto
Seven tenements granted in the highly prospective southern Peruvian Copper belt, southeast of world class Toquepala Au/Ag/Cu/Mo Porphyry Mine.
Solis' new Cinto Project straddles the regional scale Incapuquio Fault system, and is interpreted to be similar rocks that host Toquepala, 15km to the northwest.
Worldview-3 remote sensing data and alteration interpretation being completed over key Solis' Peruvian projects - indentifying new drill targets at Ilo Este.
Field check of highlighted anomalies and detailed geological mapping to commence immediately in preparation for drill testing.
https://www.newsfilecorp.com/release/140273
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2022) - Solis Minerals Ltd. (ASX: SLM) (TSXV: SLMN) (FSE: 08W)
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