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WRLG, TECT, WEX
West Red Lake Gold Mines aka WRLG released an update on the Madsen gold mine in Ontario, which they acquired after previous operator Pure Gold went bankrupt and which they are planning to restart in 2025. To that end, WRLG has selected four locations inside the mine from which they are going to extract bulk samples which will be processed once they restart the mill. This will serve a number of goals; testing different mining approaches; to test for mineability; to test for discrepancies between expected and actual results after ore processing; and eventually, to generate some money. (They don't mention the last one, but at current gold prices...) The four areas chosen are expected to collectively host 114600t of total material with an average grade of 5.98 g/t Au, from which WRLG expects to extract 5000t.
No indication is given as to when to expect the milling to take place. If the grade holds and recoveries are good, this should yield in excess of 25k oz Au, so I hope it will be soon.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34830895
Tectonic Metals aka TECT released an update on metallurgical testing of material from their Flat gold project in Alaska. TECT has been hoping they can use an approach similar to that currently used at the nearby producing Fort Knox mine, which is a run-of-mine heap leach, much cheaper than conventional heap leach because it does not require grinding of ore. Hence, learning that heap leach column tests on a mix of oxidized and non-oxidized material yielded recoveries in excess of 90% is very good news.
Needless to say, more testing will be required to confirm.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34830925
Western Exploration aka WEX released the results of metallurgical testing on samples from two holes drilled into the Gravel Creek deposit on its Aura prospect in Nevada. They employed a variety of gravity and flotation techniques that are reported to have achieved recoveries of up to over 90% for Au and Ag, even the selphide ore, but this is still too early in the process to come to any conclusions. One assumes met testing will continue even as we wait for assays from current drilling to be reported.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34832283
Rokmaster Resources announces addition of 4,098 hectares to the Mystery Property
https://www.newswire.ca/news-releases/rokmaster-resources-announces-addition-of-4-098-hectares-to-the-mystery-property-874043219.html
Rokmaster Resources Corp. Sep 19, 2024, 06:00 ET
VANCOUVER, BC, Sept. 19, 2024 /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") announces the acquisition of additional mineral claims adjacent to the Mystery Property.
The Mystery Property is one part of the Nechako Project located in west-central British Columbia. The region is host to excellent infrastructure and multiple active exploration programs (Figure 1). Excavator trenching was completed at the Fox-Coconut Property in July 2024, assay results from that program are imminent and will be reported when received.
Mystery Property Map (CNW Group/Rokmaster Resources Corp.)
Nechako Project (CNW Group/Rokmaster Resources Corp.)
A total of 4,098 hectares were staked in three mineral claims on the southwestern boundary of the Mystery Property. The Property now totals 16,291 hectares or approximately 163 square kilometers of area highly prospective for copper-molybdenum-gold porphyry mineralization and high grade gold-silver epithermal mineralization (Figure 2).
The Mystery Property now covers nearly the entirety of the Shelford Hills, a topographical high region which was historically inaccessible but a large forest fire in 2018 and related recent salvage logging operations have brought extensive new road networks into the region. The Shelford Hills expose Cretaceous age Kasalka Group volcanic rocks and multiple Bulkley intrusive stocks in an uplifted fault block. The Bulkley Plutonic Suite hosts the calc-alkalic porphyry Cu-Mo mineralization at the nearby Huckleberry, Ox, and Seel deposits.
Now immediately adjacent to the Mystery Property, two diamond drilling campaigns are planned to be completed in the near future on neighboring Projects. The Rip Project is reported to be subject to diamond drilling this month (see Interra Copper Corp. news release dated July 31, 2024) on a target with similarities to what is observed on the Mystery Property. The Poplar South target is seeing ongoing exploration and is scheduled for diamond drilling in 2025 (see Vizsla Copper Corp. news release dated Aug. 12, 2024).
John Mirko, President and CEO, comments:
"The abundance of new access in prospective geology led to the decision to add these mineral claims to the already large Mystery Property. The new claims were acquired for very low cost via staking open ground and provides additional area to explore for significant mineralized systems."
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo., who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,
President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
SOURCE Rokmaster Resources Corp.
For more information please contact: Mr. John Mirko, President & CEO of Rokmaster Resources Corp., jmirko @greenehugh or by website: www.rokmaster.com; For shareholder information please contact: Mike Kordysz, mkordysz @kronod 4
ATHA Energy Expands Angilak Project by Acquiring Entire Prospective Corridor
HIGHLIGHTS:
ATHA Energy has expanded its land package at the Angilak Project, acquiring the entire prospective Lac 50 structural corridor and an additional prospective parallel corridor. Both prospective corridors are related to the Snowbird Tectonic Zone, a deep crustal structure that extends from the Athabasca Basin, host to some of the largest and highest-grade uranium deposits globally, through to the Angikuni Basin, which hosts the Lac 50 Uranium Deposit.
The Company has staked an additional 69,704 hectares within 48 mineral claims, with the Angilak Project now 158,447 hectares in size.
The Angilak Project is host to the Lac 50 Uranium Deposit (the “Lac 50 Trend”), one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U3O8.1 Drilling conducted by Latitude Uranium at the Angilak Project in 2023 intersected grades of up to 7.54% U3O8 over 1.6 m.
The 2024 Angilak Exploration Program has concluded after twenty-five diamond drill holes were completed between early June and late August for a total of ~10,051 m. The program was highly successful and on budget.
All objectives were successfully achieved, including the expansion of the historic footprint of mineralization along the Lac 50 Trend and the identification of new parallel mineralized trends called the Lac 48, Lac 52, and Lac 54 Trends.
The new mineral claims solidify ATHA’s dominant position along prospective structural corridors related to the Snowbird Tectonic Zone. Additionally, the new claims capture the margins of the Angikuni Basin, which remains prospective for the discovery of an unconformity-style uranium deposit.
https://ca.finance.yahoo.com/news/atha-energy-expands-angilak-project-110000991.html
ATHA Energy Corp.
Thu, September 19, 2024 at 4:00 a.m. PDT·11 min read
SASKF
-3.24%
VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (TSX.V: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA” or the “Company”), holder of the largest uranium exploration portfolio in two of the highest-grade uranium districts in the world, is pleased to announce the completion of the staking of additional claims at the Company’s 100%-owned Angilak Project in Nunavut. The Angilak Project area is now 158,447 hectares in size. The claims were staked as a follow-up to the Company’s highly successful maiden drill program that was completed in late August 2024. With the additional property, the Company now controls the entire prospective Lac 50 structural corridor as well as an additional parallel corridor, both related to the Snowbird Tectonic Zone. These claims represent prospective continuations of known mineralized trends related to the Snowbird Tectonic Zone and the margins surrounding the Angikuni Basin, which is prospective to host unconformity style mineralization.
Figure 1
Figure 1: Plan Map detailing the Angilak Project location within Nunavut1
ANGILAK PROJECT – NUNAVUT
The Angilak Project is situated within the Angikuni Basin (Figure 1), approximately 225 km southwest of Baker Lake in the Kivalliq Region of Nunavut. The Angilak Project is host to the Lac 50 Uranium Deposit, which has a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U3O8.1
The 2024 Angilak exploration program consisted of diamond drilling, airborne geophysical surveys, and surficial sampling and mapping programs. Exploration activities prioritized areas proximal to known zones of uranium mineralization for expansion and discovery.
During Phase I: diamond drilling, which began in early June and continued through to late August, the Company completed twenty-five diamond drill holes for a total of ~10,051 m. Drilling targeted expansion along the Lac 50 Trend while also expanding mineralization along several regional targets identified as the Lac 48, 52, and 54 Trends (see Figures 2a and 2b). All samples have been sent to SRC laboratories in Saskatoon, SK for assay analysis.
Figure 2a
Figure 2a: 2024 Angilak Exploration Planview Schematic
Figure 2b
Figure 2b: 2024 Angilak Exploration Long-section Schematic
Troy Boisjoli, CEO added: “Extending the Angilak project is a direct result of the successful 2024 exploration program. Over the course of 2024, ATHA materially expanded mineralization at Angilak - in doing so also gained site specific knowledge of potential district scale uranium endowment.”
Cliff Revering, VP Exploration added: “Based on the success of the 2024 exploration program at the Angilak Project and nature of this highly prospective and historically underexplored region, expanding our land position adds significant potential for further discovery and expansion of the Lac 50 Deposit. We look forward to continuing our exploration efforts at the Angilak Project and unlocking the value we see in this region.”
Investor Relations Agreements
ATHA is also pleased to announce it has entered into an agreement commencing September 16, 2024 (the “Agreement”) with Oak Hill Financial Inc. (“Oak Hill”), an arm’s length party to ATHA, to provide certain investor relations services to ATHA Energy including, without limitation, in relation to providing strategic advice with respect to ATHA’s stakeholder communication initiatives and to expand market awareness (the “Services”). Oak Hill will comply with all applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”) in providing the Services. The Agreement is subject to TSXV approval and shall be for an initial three-month term, for a monthly fee of $11,000, plus applicable taxes, which may be automatically renewed for successive one-month periods.
No securities of ATHA are being granted to Oak Hill under the terms of its engagement and to the knowledge of ATHA, neither Oak Hill nor any of its directors, officers or employees currently owns any securities of ATHA. ATHA may also reimburse Oak Hill for certain expenses incurred in connection with the Services.
Oak Hill is based in Toronto, Ontario, and specializes in leveraging the most effective investment, growth and exposure strategies for small to mid-size companies through an integrated approach to relationship development and corporate communications. The contact information for Oak Hill is Oak Hill Financial Inc., 161 Bay Street – Suite 2460, Toronto, Ontario, Canada M5J 2S1. Tel: 647.479.5803. Email: info@oakhillfinancial.ca. Damir Gunja, a Partner of Oak Hill will be principally responsible for the Services on behalf of Oak Hill.
Qualified Person
The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador hosting historical resource estimates of 43.3 million lbs and 14.5 million lbs U3O8 respectively, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (8.4 million acres) in two of the world’s most prominent basins for uranium discoveries - ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. For more information visit www.athaenergy.com. 1,2,3.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
www.athaenergy.com
Historical Mineral Resource Estimates
All mineral resources estimates presented in this news release are considered to be “historical estimates” as defined under NI 43-101, and have been derived from the following (See notes below). In each instance, the historical estimate is reported using the categories of mineral resources and mineral reserves as defined by the CIM Definition Standards for Mineral Reserves, and mineral reserves at that time, and these “historical estimates” are not considered by ATHA to be current. In each instance, the reliability of the historical estimate is considered reasonable, but a Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, and ATHA is not treating the historical estimate as a current mineral resource. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results.
Notes on the Historical Mineral Resource Estimate for the Angilak Deposit:
This estimate is considered to be a “historical estimate” under NI 43-101 and is not considered by any of to be current. See below for further details regarding the historical mineral resource estimate for the Angilak Property.
Mineral resources which are not mineral reserves do not have demonstrated economic viability.
The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
The quality and grade of the reported inferred resource in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource, and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category.
Contained value metals may not add due to rounding.
A 0.2% U3O8 cut-off was used.
The mineral resource estimate contained in this press release is considered to be “historical estimates” as defined under NI 43-101 and is not considered to be current.
The “historical estimate” is derived from a Technical Report entitled “Technical Report and Resource Update For The Angilak Property, Kivalliq Region, Nunavut, Canada”, prepared by Michael Dufresne, M.Sc., P.Geol. of APEX Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis, Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013 for ValOre Metals Corp.
As disclosed in the above noted technical report, the historical estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Dr. Bruce Davis, FAusIMM, and consists of three-dimensional block models based on geostatistical applications using commercial mine planning software. The project limits area based in the UTM coordinate system (NAD83 Zone14) using nominal block sizes measuring 5x5x5m at Lac Cinquante and 5x3x3 m (LxWxH) at J4. Grade (assay) and geological information is derived from work conducted by Kivalliq during the 2009, 2010, 2011 and 2012 field seasons. A thorough review of all the 2013 resource information and drill data by a Qualified Person, along with the incorporation of subsequent exploration work and results, which includes some drilling around the edges of the historical resource subsequent to the publication of the 2013 technical report, would be required in order to verify the Angilak Property historical estimate as a current mineral resource.
The historical mineral resource estimate was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).
A thorough review of all historical data performed by a Qualified Person, along with additional exploration work to confirm results would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101.
Notes on the Historical Mineral Resource Estimate for the Moran Lake Deposit:
Jeffrey A. Morgan, P.Geo. and Gary H. Giroux, P.Eng. completed a NI 43-101 technical report titled “Form 43-101F1 Technical Report on the Central Mineral Belt (CMB) Uranium Project, Labrador, Canada, Prepared for Crosshair Exploration & Mining Corp.” and dated July 31, 2008, with an updated mineral resource estimate for the Moran Lake C-Zone along with initial mineral resources for the Armstrong and Area 1 deposits. They modelled three packages in the Moran Lake Upper C-Zone (the Upper C Main, Upper C Mylonite, and Upper C West), Moran Lake Lower C-Zone, two packages in Armstrong (Armstrong Z1 and Armstrong Z3), and Trout Pond. These mineral resources are based on 3D block models with ordinary kriging used to interpolate grades into 10 m x 10 m x 4 m blocks. A cut-off grade of 0.015% U3O8 was used for all zones other than the Lower C Zone which employed a cut-off grade of 0.035%. A thorough review of all historical data performed by a Qualified Person, along with additional exploration work to confirm results, would be required to produce a current mineral resource estimate prepared in accordance with NI 43-101 standards.
Notes on the Historical Mineral Resource Estimate for the Anna Lake Deposit:
The mineral resource estimate contained in this table is considered to be a “historical estimate” as defined under NI 43-101, and is not considered to be current and is not being treated as such. A Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources. A qualified person would need to review and verify the scientific information and conduct an analysis and reconciliation of historical drill and geological data in order to verify the historical estimate as a current mineral resource.
Reported by Bayswater Uranium Corporation in a Technical Report entitled “Form 43-101 Technical Report on the Anna Lake Uranium Project, Central Mineral Belt, Labrador, Canada”, prepared by R. Dean Fraser, P.Geo. and Gary H. Giroux, P.Eng., dated September 30, 2009.
A 3-dimensional geologic model of the deposit was created for the purpose of the resource estimate using the Gemcom/Surpac modeling software. A solid model was created using a minimum grade x thickness cutoff of 3 meters grading 0.03% U3O8. Intersections not meeting this cutoff were generally not incorporated into the model. The shell of this modeled zone was then used to constrain the mineralization for the purpose of the block model. Assay composites 2.5 meters in length that honoured the mineralized domains were used to interpolate grades into blocks using ordinary kriging. An average specific gravity of 2.93 was used to convert volumes to tonnes. The specific gravity data was acquired in-house and consisted of an average of seventeen samples collected from the mineralised section of the core. The resource was classified into Measured, Indicated or Inferred using semi-variogram ranges applied to search ellipses. All resources estimated at Anna Lake fall under the “Inferred” category due to the wide spaced drill density. An exploration program would need to be conducted, including twinning of historical drill holes in order to verify the Anna Lake Project estimate as a current mineral resource.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate to ATHA’s proposed exploration program, including statements with respect to the expected benefits of ATHA’s proposed exploration program, any results that may be derived from ATHA’s proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA’s proposed exploration program, any results that may be derived from the diversification of ATHA’s portfolio, the successful integration of the businesses of ATHA, Latitude Uranium and 92 Energy, the prospects of ATHA’s projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA’s business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA’s projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA’s proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA’s exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA’s proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA’s proposed explorations will yield results as expected, the synergies between ATHA, 92 Energy and Latitude Uranium’s assets, and that general business and economic conditions will not change in a material adverse manner. Although each of ATHA and 92E have 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.
Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA’s portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA’s current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; any impacts of COVID-19 on the business of ATHA and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA’s profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7837a7f7-64b3-4fa7-92d7-7e56277bcad8https://www.globenewswire.com/NewsRoom/AttachmentNg/28d47750-808a-4bee-ab1c-d49c08936f67https://www.globenewswire.com/NewsRoom/AttachmentNg/519bbf53-4943-4c47-91b3-64f54a73d6a4
Madison Metals Secures Strategic Partnership with Star Minerals to Advance Cobra Uranium Project in Namibia, Africa
https://ca.finance.yahoo.com/news/madison-metals-secures-strategic-partnership-105000043.html
Madison Metals Inc.
Thu, September 19, 2024 at 3:50 a.m. PDT·3 min read
MMTLF
0.00%
SMS.AX
+48.48%
TORONTO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that Star Minerals Limited (“Star Minerals”) (ASX: SMS), a well managed Australian public company, has entered into a binding agreement with Madison to earn into Exclusive Prospecting Licence 8531 (the “Cobra Uranium Project”) at Madison North near the world-renowned Rossing Uranium Mine in the Erongo Uranium Province, Namibia.
Under the terms of the agreement, Star Minerals has the opportunity to earn up to a 51% interest in the Cobra Uranium Project through staged cash payments, issuance of common shares to Madison, and performing exploration expenditures over a three-year period. If all earn-in options are exercised by Star Minerals, Madison would be entitled to cash, stock and work expenditures valued at approximately US$4.4 million. Additionally, Star Minerals will issue performance shares to Madison upon achieving specific exploration milestones. Upon successful completion of the earn-in, Madison and Star Minerals will form a joint venture to further explore and potentially develop the Cobra Uranium Project licence, with future contributions to be made on a pro-rata basis.
“We are excited to welcome Star Minerals as a partner in the development of the Cobra Uranium Project,” said Duane Parnham, Executive Chairman and CEO of Madison Metals. “This agreement strengthens Madison’s operational footprint in Namibia, as we now have active exploration efforts underway on two uranium projects in one of the world’s premier uranium mining jurisdictions. We believe this partnership will unlock significant value for both companies and our respective shareholders, and we look forward to advancing our mutual goal of driving sustainable uranium production to meet global energy demands.”
The Cobra Uranium Project is strategically located in Namibia, a leading global jurisdiction for uranium mining, known for its favorable regulatory environment and long history of supporting the uranium industry. This collaboration with Star Minerals aligns with Madison’s strategy of leveraging partnerships to accelerate exploration and development, while maintaining focus on creating long-term value for its shareholders.
In connection with the execution of the above-noted earn-in agreement, the Company is obligated to issue 450,000 common shares of Madison in two equal tranches to a non-arms-length individual, with the first half on execution and the remaining half upon Star Minerals completing its first earn-in milestone.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is an upstream mining and exploration company focused on sustainable uranium production in Namibia and Canada. With over 50 years of mining experience, including 22 years in Namibia, its management team has geological and financial expertise and a track record of creating shareholder value.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR+ profile at www.sedarplus.ca.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
ir@madisonmetals.ca
Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
media@primorisgroup.com
Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the proposed future exploration and drilling by Madison.
Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are made based upon certain assumptions and other important facts that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future.
Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others: the global economic climate; competition; labour shortages, and unanticipated expenses of the Company. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: failure of the Company or its contractual partners to fulfil their respective obligations under agreements; unanticipated delays in drilling as described in this press release; the impact the COVID 19 pandemic may have on the Company’s activities and the economy in general; the impact of the recovery post COVID 19 pandemic and its impact on precious metals; receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; accidents, labour disputes and shortages; environmental risks; and other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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.
You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company’s SEDAR+ profile page at www.sedarplus.ca. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
Interra Discovers New Copper Zone at the Thane Copper Gold Project
https://thenewswire.com/press-releases/1LaPFv07V-interra-discovers-new-copper-zone-at-the-thane-copper-gold-project.html
September 20, 2024 – TheNewswire - VANCOUVER, British Columbia – Interra Copper Corp. (CSE: IMCX; OTCQB: IMIMF; FRA: 3MX) (“Interra” or the “Company”) is pleased to announce the discovery of the Bananas Showing and results of its recently completed geological review of the Thane Copper Gold Project (the “Thane Project”) in the northern Quesnel Terrane of British Columbia.
The Thane Project is located in an underexplored portion of the northern Quesnel Terrane, extending from Centerra Gold Inc.'s Mt. Milligan Mine in the south to its Kemess Underground Project and the former Kemess South Open Pit Mine in the north. Historic target generation had identified six (6) areas with significant copper mineralization within an approximately 20 km long geochemically anomalous Cu-Au zone. Thirteen new targets were identified from alteration mineral mapping (ALS Goldspot study) combined with proprietary company data assessment.
In early August, a specialist team from Equity Exploration and Accretive Metals Advisory undertook a field review of the nineteen (19) targets within the large 206km2 property. Field observations confirmed that the Thane Property has significant alkalic Copper-Gold porphyry potential within a comparable geology setting to nearby mines. Ten (10) high-priority targets were recommended for advancement, of which, the newly discovered Bananas Showing and the previously known Gail Showing, are ranked highest priority with strong copper-gold mineralized alteration systems in favourable host rocks. These two areas are recommended for geological exploration advancement.
The new Bananas Showing was not a previously known target. The recent field review followed up on a 2016 float sample resulting in its discovery. It is believed that receding snow and ice exposed this mineralized area with associated intense alteration. Syenite porphyry with magnetite, quartz vein stockwork, and sheeted veins with chalcopyrite have been observed in a greater than two square kilometre iron oxide and clay anomaly observed from the recent ALS Goldspot study.
The previously known Gail Showing was reviewed for an open-ended historical IP anomaly. Abundant sheeted veins of quartz-pyrite with chalcopyrite and trace bornite were discovered within quartz and potassic feldspar, magnetite and pyrite veins?. Similar to the new Bananas Showing, the Gail Showing forms part of a greater than two square kilometre iron oxide and clay anomaly observed from the recent ALS Goldspot study.
The newly discovered mineralized Bananas Showing was observed and sampled over 200 metres along strike with approximately 100 metre of elevation exposed and remains open along strike. Rock samples were taken and have been sent to ALS Laboratory for analysis.
CEO Brian Thurston commented, “The discovery of a large new showing like the Bananas Showing is evidence of the exploration potential of the large property using modern exploration techniques combined with increased rock exposure due to decreased snow coverage.”
Qualified Person
Brian G. Thurston, P.Geo., CEO and Director of Interra, a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.
About Interra Copper Corp.
Interra Copper Corp. is focused on building shareholder value through the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.
The Thane Project located in the Quesnel Terrane of Northern BC spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization. The Company has an earn-in option up to 80% and joint-venture agreement on the Rip Project located in Stikine Terrane in a prolific belt of Late Cretaceous (bulkley plutonic suite), known for copper-molybdenum deposits.
Interra Copper’s leadership and advisory teams are comprised of senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Interra Copper is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which we operate. The Company's common shares are principally listed on the Canadian Stock Exchange under the symbol "IMCX". For more information on Interra Copper, please visit our website at www.interracoppercorp.com.
On behalf of the Board of Interra Copper Corp.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further information contact:
Katherine Pryde
Investor Relations
investors@interracoppercorp.com
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to exploration of the Thane Project and the exploration potential thereof are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Interra, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Interra does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
Heliostar Commences 5,000 Metre Resource Expansion Drill Program at Ana Paula High Grade Gold Project, Mexico and Issues Incentive Grant
https://www.newsfilecorp.com/release/223568
September 17, 2024 6:30 AM EDT | Source: Heliostar Metals Ltd.
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it commenced a 5,000 metre diamond drill program at its Ana Paula Project in Mexico ("Ana Paula"). The two stage drill program will test the east, west and down dip extensions of the High Grade Panel and the Parallel Panel targets. Phase one will consist of seven drill holes totalling 2,600 metres and phase two consists of eight drill holes totalling 2,400 metres.
Heliostar CEO, Charles Funk, commented, "We are confident that Ana Paula can continue to grow beyond our 2023 resource update. The Company aims to expand the resource this year and next, ahead of a Feasibility Study that the Company is planning to complete in late 2025. Drilling will include some large step outs. They follow a newly identified geochemical corridor that may point to the source of gold mineralization at the deposit. Heliostar has entered a period of significant catalysts including closing the Argonaut acquisition, reporting gold production, laying out production guidance, publishing a PFS for La Colorada, and reporting drill results from multiple properties."
Figure 1: A cross section with the resource model from 2023 Mineral Resource Estimate highlighting the High Grade Panel (clipped to greater than 2g/t resource blocks). Planned holes from current program shown in black where they cut the section.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/223568_88a928c4b4aedbbb_003full.jpg
Figure 2: A cross section highlighting the Parallel Panel Target (clipped to greater than 2g/t resource blocks). Planned holes from current program shown in black where they cut the section.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7729/223568_88a928c4b4aedbbb_004full.jpg
Drill Program
The Phase 1 drill program, currently underway, will focus on extending the High Grade Panel and Parallel Panel to the west. It will also test the downdip extension of the High Grade Panel while infilling the Parallel Panel target. The program will consist of seven drill holes totaling 2,600 metres. Two drill holes will step out approximately 70 metres to the west along a corridor of elevated potassium:calcium (K:Ca) geochemistry that extends west and down-plunge from the High Grade Panel.
These two holes have the potential to significantly add high-grade ounces to the resource. The remaining five drill holes will test the down-dip extension of the High Grade Panel while also defining the Parallel Panel target. These holes will also convert inferred ounces to indicated and increase the measured ounces in the High Grade Panel.
Phase 2 drilling consists of eight drill holes totaling 2,400 metres. This program targets the eastern and western extents of the High Grade Panel, the Parallel Panel target and the downdip extension of the High Grade Panel. Three holes along the edges of the High Grade Panel have the potential to add high-grade ounces to the panel by extending to the east and west. The five holes targeting the Parallel Panel, High Grade Panel and the down dip extension will better define the resources. The data will assist in converting inferred ounces to indicated and indicated to measured. The program also has a strong potential to add new gold ounces to both panels.
The Company completed two drill holes of the program to date and expects to report results from October 2024.
Incentive Plan Rewards
The Company announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 4,675,000 stock options ("Options") at an exercise price of $0.42 and 1,180,000 restricted share units (each, an "RSU") to directors, officers, employees and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next two years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.
Advisory Agreements
The Company also announces that it has entered into an advisory agreement with TSCG Capital Group ("TSCG"), pursuant to which the Company engaged TSCG to provide financial advisory services to the Company. On completion of the Offering, and upon receipt of approval of the TSX-V, the Company will issue to TSCG warrants to acquire 696,000 Shares at a price of $0.42 per share for a period of 24 months from the date of issuance.
The Company announces that it has entered into an advisory agreement with 3L Capital Inc. ("3L"), pursuant to which the Company engaged 3L to provide financial advisory services to the Company. Upon receipt of approval of the TSX-V, the Company will issue to 3L warrants to acquire 113,000 shares at a price of $0.42 per Share for a period of 24 months from the date of issuance.
Statement of Qualified Person
Stewart Harris, P.Geo., a Qualified Person, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein.
About Heliostar Metals Ltd.
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045 Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the intended use of proceeds of the Working Capital Facility and the Transaction Closing Facility, closing of the Acquisition, exploration and development of the Company's projects and potential cash flow and production from the Company's projects.
Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
SOURCE: Heliostar Metals Ltd.
Solaris Reports 475m of 1.03% CuEq from Surface in New Drilling as Further Productivity Gains Drive Record 10km Drilled in August
https://ca.finance.yahoo.com/news/solaris-reports-475m-1-03-110000583.html
Solaris Resources
Thu, September 19, 2024 at 4:00 a.m. PDT·9 min read
SLSR
+8.90%
QUITO, Ecuador, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR
Sable Receives Multiple Anomalous Cu-Au-Ag Results from the Perk Rocky Project in British Columbia
https://ca.finance.yahoo.com/news/sable-receives-multiple-anomalous-cu-110000140.html
Sable Resources Ltd.
Thu, September 19, 2024 at 4:00 a.m. PDT·13 min read
SBLRF
0.00%
VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Sable Resources Ltd. ("Sable" or the "Company") (TSXV:SAE | OTCQB:SBLRF
CMC Metals Completes A Significant Reclamation Program and Discovers Three Manto Zones at its Silver Hart Project, Yukon, Canada
https://ca.finance.yahoo.com/news/cmc-metals-ltd-completes-significant-141400725.html
CMC Metals Ltd
Thu, September 19, 2024 at 7:14 a.m. PDT·7 min read
CMCXF
0.00%
VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) is pleased to announce that the Company has completed a significant reclamation program on its Silver Hart and Blue Heaven claims in Yukon Canada. While supervising the reclamation effort, the Company’s Chief Geologist and President discovered three manto zones within the Main Zone at Silver Hart and identified additional areas of interest on the Blue Heaven claims all of which merit further investigation. Several grab samples were collected and have been sent for assaying.
The program completed reclamation of trenches, historical and recent access roads, drill pads in both claim areas (i.e. Silver Hart and Blue Heaven) of the Silver Hart Project. It is also important as it serves to ensure that the surety bond with Yukon is at a sufficient level.
Kevin Brewer, P.Geo, President and CEO noted that “This reclamation work is of considerable importance in meeting permit requirements and demonstrating social responsibility in our work programs. Every year we have completed progressive reclamation of historical work areas dating back to the mid 1980’s and recent activities. While supervising the effort I had some time to scout around and as a result identified three new manto zones which have never been drill investigated. We now have several drill target areas including (i) within the Main Zone on the Silver Hart claims that require infill drilling that could result in extensions of known mineralization; (ii) the “Golden Cross” area on the Blue Heaven claims which had highly positive trench results that appear to indicate the existence of staked manto horizons in that area, and (iii) recent discoveries of new mantos on surface.”
Mr. Brewer added that “This indicates that to me that clearly the full potential for CRD mineralization at this project is yet to be fully identified.”
As recently announced, the Company has selected MICON International to complete a new 43-101 compliant Mineral Resource Estimate of the Main Zone on the Silver Hart claims which currently has mineralization identified in several zones that may be amenable to open pit mining.
In addition, the Blue Heaven Property comprises of 118 claims (1,975 hectares) that are contiguous to the Company’s Silver Hart claims and is characterized with 13 mineralized areas and 36 showings many of which are yet to be evaluated by the Company.
A brief program in 2022 extended previous trenching at the Desire Showing (subsequently renamed as the Golden Cross Zone) with highly positive results including:
8.0 meters grading 13.39% lead, 1.57% zinc, 359.25 g/t silver and 1.17% manganese including 1.0 meter of 10% lead, 5.1% zinc, 1,500 g/t silver and 2.3% manganese
13.0 meters grading 8.25% lead, 4.22% zinc, 151.57 g/t silver and 9.16% manganese including 1.0 meter of 23.86% lead, 0.9% zinc, 623 g/t silver and 2.3% manganese
A 14.0 meter mineralized area including 1.0 meter samples containing:
3.61% lead, 3.1% zinc, 199 g/t silver, 12.6% manganese
10% lead, 2.5% zinc, 360 g/t silver and 3.7% manganese
10% lead, 8.5% zinc, 459 g/t silver, and 1.6% manganese
Several other 1.0 meter length individual samples containing:
49.8% lead, 3.7% zinc, 857 g/t silver and 5.7% manganese
13.4% lead, 5.6% zinc, 167 g/t silver and 10.5% manganese
59.46% lead, 1.8% zinc, 1,076 g/t silver and 3.2% manganese
21.01% lead, 1.1% zinc, 820 g/t silver and 1.4% manganese
16.53% lead, 0.3% zinc, 425 g/t silver and 0.7% manganese
64.56% lead, 5.6% zinc, >1,500g/t silver and 2.3% manganese
29.26% lead, 0.7% zinc, 1,295 g/t silver and 0.5% manganese
The area around the Golden Cross Zone is also characterized by several outcrops with extensive manganese which has been found to be indicative of silver-lead-zinc CRD-style mineralization on the Silver Hart property. These areas will be further evaluated with trenching and detailed mapping once an exploration permit has been secured for the property
In addition, a bulk sample collected by Nordac Resources Ltd. in 1999 from the Blue and H zones within the Blue Heaven claims comprised of 51.47 dry tonnes grading 8,563 g/t silver, 56.2% lead, 9.5% zinc and 1.2 g/t gold.
A recent in-depth analysis completed by Ronacher-McKenzie Geosciences on the 2021 SkyTEM airborne electromagnetic survey identified four areas of exploration prospectivity within the Silver Hart Project areas that were deemed to merit detailed evaluation.
A permit application including a renewal for exploration on the Silver Hart and Blue Heaven claims submitted to the Yukon Environmental and Assessment Board has reached the final review stage. The Company is optimistic that a permit will be acquired prior to the 2025 field season. CMC wholly owns (100%) the Silver Hart claims and has recently acquired an 80% interest in the Blue Heaven claims with the remaining 20% owned by Strategic Metals Ltd.
Qualified Person
Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy and Silverknife claims (British Columbia). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).
On behalf of the Board:
“Kevin Brewer”
Kevin Brewer, President, CEO and Director
CMC Metals Ltd.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (+52) 669 198 8503
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
To be added to CMC's news distribution list, please send an email to info@cmcmetals.ca or contact Mr. Kevin Brewer directly.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
“This news release may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.”
CMC Metals Contracts Micon International Ltd. to Complete a NI 43-101 Compliant Mineral Resource Estimate on its Silver Hart Project, Yukon
https://ca.finance.yahoo.com/news/cmc-metals-ltd-contracts-micon-091500753.html
CMC Metals Ltd
Wed, September 18, 2024 at 2:15 a.m. PDT·4 min read
CMCXF
0.00%
VANCOUVER, British Columbia, Sept. 18, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) announces that it has contracted MICON International Limited to complete a National Instrument 43-101 compliant Mineral Resource Estimate (“MRE”) for its Silver Hart Project, Yukon.
It is estimated that the MRE will be completed in approximately six weeks time. The MRE is phase 1 of a multi-stage evaluation to determine if it is amenable to establish seasonal small-scale open pit mining at the Silver Hart Project.
Kevin Brewer, President and CEO noted “We are excited about the potential for mid-term production at our 100% owned Silver Hart Project in Yukon. Our aim would be to utilize possible pre-concentration technologies such as ore sorting or dense media separation to enhance the viability and economics of transporting material from Silver Hart and Blue Heaven to a processing mill. This is a conceptual project at this stage but one that is viewed by our Board as within our abilities. We are also in discussion with companies to undertake metallurgical and other tests to confirm what technology is be suited to the material at Silver Hart.”
Qualified Person
Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.
About CMC Metals Ltd.
CMC Metals Ltd. is a growth stage exploration company focused on opportunities for high grade polymetallic deposits in Yukon, British Columbia and Newfoundland. Our polymetallic silver-lead-zinc CRD prospects in the Rancheria Silver District include the Silver Hart Deposit and Blue Heaven claims (Yukon), Amy and Silverknife claims (British Columbia). Our polymetallic projects with potential for copper-silver-gold and other metals include Bridal Veil (central Newfoundland) and Logjam (Yukon).
On behalf of the Board:
“Kevin Brewer”
Kevin Brewer, President, CEO and Director
CMC Metals Ltd.
For Further Information and Investor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
kbrewer80@hotmail.com
Suite 1000-409 Granville St., Vancouver, BC, V6C 1T2
Website: www.cmcmetals.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
“This news release may contain certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of upcoming work programs, geological interpretations, receipt of property titles and exploitation activities and developments. In this release disclosure regarding the potential to undertake future exploration work comprise forward looking statements. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects, to carry out the work and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, the impact of the constantly evolving COVID-19 pandemic crisis and continued availability of capital and financing and general economic, market or business conditions. Readers are referred to the Company’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.”
Eagle Plains/Apogee Minerals Complete Airborne Geophysical Survey at Pine Channel Gold and Shasko Bay Uranium Projects, Northern Saskatchewan
https://www.accesswire.com/919857/eagle-plains-partner-apogee-completes-airborne-geophysical-survey-at-pine-channel-gold-and-shasko-bay-uranium-projects-northern-saskatchewan
Thursday, 19 September 2024 07:00 AM
CRANBROOK, BC / ACCESSWIRE / September 19, 2024 / Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") is pleased to announce that partner Apogee Minerals Ltd (TSX-V-"APMI") has completed airborne geophysical surveys at Eagle Plains' 100% owned Pine Channel Property, located approximately 40km km west of Stoney Rapids. Apogee holds the exclusive option to acquire an 80% interest (less 2% NSR) in the Property, which includes both the Pine Channel and Shasko Bay projects. (details follow). The current program was comprised of helicopter-borne electromagnetic ("EM") and magnetic surveys, and was managed by Terralogic Exploration Inc. of Cranbrook, BC.
Pine Channel Property Highlights
Recently completed geophysical program at Pine Channel included a 267-line kilometre, helicopter-borne, magnetic survey at 75m line spacing,
Ten new trends have been identified at the Project, offering new adjacent and along- strike extension targeting potential,
Excellent access with existing winter road to within 1km of property boundaries, with central portions of the property accessible by boat or float plane,
Completed exploration program at Shasko Bay included 148-line kilometres of infill, high-resolution, airborne EM and magnetic data,
Exploration permit has been received at the project and provides for advanced exploration activities,
Multiple untested geophysical anomalies associated with favourable geology at the projects; targets for multiple deposit models (Orogenic Au and Unconformity-U),
Encouraging historical exploration to date including historical bonanza-grade Au mineralized drill intercepts.
Pine Channel Geophysical Survey
The northern part of the 8,878 hectare Pine Channel Property hosts numerous gold occurrences ranging from trace quantities to up to 870 g/t Au in grab samples. Shallow historical drilling has intercepted 0.6m of 63.50 g/t Au (Algold Bay, SMDI 1575), 1.75m of 5.27 g/t Au (ELA, SMDI 1574), and 0.5m of 407.96 g/t Au (North Norite Bay, SMDI 2183). The mineralization is interpreted to be closely related to northwest/southeast trending shear zones which are commonly identifiable in high resolution magnetic data.
The recently completed 2024 exploration program included a 267-line kilometre, helicopter-borne, magnetic survey at 75m line spacing over areas of the property without prior detailed magnetic coverage and geologic mapping in the vicinity of the Algold Bay occurrence. The geophysical contractor was Precision GeoSurveys of Langley, BC. Several structural trends considered important for Au have been identified, and ten new prospective trends have been located. Additional groundwork is recommended along several of the trends identified from the recently completed surveys at the Project.
Shasko Bay Geophysical Survey
The Shasko Bay uranium target is located on the south shore of Lake Athabasca. Airborne EM surveys in 2005 and 2007 identified conductive features on the property considered prospective to host unconformity and basement style uranium mineralization. A 2007 drill hole (RL-07-01) intersected anomalous uranium at the unconformity in proximity to a modelled conductive plate, with additional plates untested by drilling. The recently completed exploration program at Shasko Bay included 148-line kilometres of infill, high-resolution, airborne EM and magnetic data. The geophysical contractor was Geotech Ltd. of Aurora, Ontario. In addition, an exploration permit has been received at the project and provides for exploration activities to be conducted up until March 1st, 2026. The recent data from the survey will be used to model conductive structures to aid in future drill hole planning.
About the Pine Channel Gold Project
See Pine Channel Project Map and Webpage here
The Pine Channel property lies within the Tantato Domain which is composed of highly deformed gneisses which form the eastern margin of the Archean Rae Craton. Metamorphic rocks which have been subject to varying degrees of strain form the majority of the property area. The main deposit type that is being explored for at Pine Channel is structurally controlled vein-quartz (lode) gold deposits. Mineral occurrences on the Pine Channel Project contain predominantly gold, with rare base metal occurrences. Within the Pine Channel tenures there are eighteen historical showings reported by the Saskatchewan Mineral Deposit Index (SMDI).
Highlights from documented historical work and previously reported results include: North Norite Bay historical drill hole of 407.96 g/t Au over 0.5 m (SMDI 2183); ELA drill hole of 39.96 g/t Au over 0.55 m (SMDI 1574); Holes G-1 and G-3 which returned 3.20 g/t Au over 1 m (SMDI 2329); Occurrence No. 6 / Occurrence No. 8 trench samples which returned 90.6 g/t Au over 0.2 m (SMDI 1581); and Cole Lake Ni-Cu trench samples which returned 6.2 g/t Au, 0.01% Ni and 0.06% Cu over 3.0 m (SMDI 1583).
Government mapping in the Pine Channel area dates from 1913, with the first industry work reported in 1950. A total of 51 assessment reports have been filed within the current Pine Channel tenure area. Past operators include Golden Rule Resources Ltd. and Colchis Resources Ltd. who were both active on the project during the 1980's, the last sustained period of exploration in the area. The most recent work prior to Eagle Plains acquiring the claims in 2018 was in 2013 when the area was flown with an airborne Variable Time Domain Electromagnetic ("VTEM") survey focused on locating targets for diamond exploration. There has been a total of 6,066 metres of diamond drilling in 115 historic holes completed within the current Pine Channel property claim boundaries, with the majority of the holes completed less than 100 metres in length. Although the wide-spaced drilling did intersect significant gold mineralization in places, much of the drilling was completed using thin diameter core which is considered ineffective for assessing the high-grade "nuggety" gold shears and veins found at Pine Channel.
The first recorded systematic exploration work on the Pine Channel property was in 1950 by Goldfields Uranium Mines. The first significant program on the property was in 1980 by Golden Rule Resources which completed 246 line-km of airborne EM (INPUT) and magnetic surveying. Follow-up groundwork located 11 significant occurrences. From 1985-1988 Colchis Resources completed VLF-EM geophysics, biogeochemical surveys, prospecting, soil sampling and trenching followed by shallow diamond drill testing of selected targets.
In 2019-2020, Eagle Plains completed field programs focused on prospecting and mapping in areas of known mineral occurrences. The work confirmed the widespread occurrences of auriferous quartz veins and associated shear systems in the Pine Channel property. Analytical results from the seventy-two rock samples collected in 2020 range from 6 ppb Au to 68,400 ppb Au. Twenty-three of the samples returned greater than 1 g/t Au, and eight returned greater than 10 g/t Au. The most encouraging of the known showings are the ELA Shaft showing (SMDI 1574) and Occurrence No. 6 and No. 8 (SMDI 1581), which both demonstrate anomalous gold geochemical results and potential for extension of known mineralization along strike.
About the Shasko Bay Project
See Shasko Bay Project Map and Webpage here
The Shasko Bay Project is located along the southeast shore of Lake Athabasca in Northern Saskatchewan, 20 km southeast of Fond-du-Lac, and proximal to the Company's Pine Channel Project. The claims are accessible by boat, barge, winter road or float equipped aircraft from the village of Stony Rapids, which has all season road access to it. The Project is currently owned 100% by Eagle Plains Resources Ltd. (subject to an underlying 2% NSR) and is under option to Apogee which has acquired the right to earn-in up to an 80% interest in the Project under terms of the Pine Channel agreement.
The Project was staked by Eagle Plains in early 2023 in recognition of both the gold potential (with basement-hosted auriferous quartz veins and associated shears that strike onto the property from the Pine Channel Project); and for the unconformity uranium potential that is associated with the district.
Between the late 1960's to the early 2000's the region was explored for uranium and gold by various companies. The Fond Du Lac Uranium deposit is the most significant discovery in the region to date and is located 24 km to the NW-W. Work in the area consisted of seismic reflection studies, multiple types of airborne and ground-based geophysical surveys, geochemical surveys, prospecting, mapping, trenching and four separate drill programs which intersected multi gram-per-tonne gold assays (up to 6.8 g/t Au over 2.1m) from quartz stringers in the Athabasca sediments. The underlying basement metasedimentary rocks, starting at 226m depth, also recorded mineralization in the form of disseminated pyrrhotite, pyrite, chalcopyrite and rare sphalerite, galena and molybdenite. The last drill program intersected anomalous uranium in the Athabasca sandstone (up to 18.4 ppm) concluding with recommendations to drill test several additional targets.
The above results were summarized from SMDI descriptions and assessment reports filed with the Saskatchewan government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work in the Pine Channel Project area.
Pine Channel Option Agreement Details
In May 2021, Apogee entered into an option agreement (the Pine Channel Agreement) with Eagle Plains. The agreement, as amended, gives Apogee the exclusive right to earn an 80% interest in the Pine Channel Property, by completing CAD $3,000,000 in exploration expenditures, issuing 2,200,000 voting class common shares to Eagle Plains and making $150,000 in cash payments over a 5-year period. Under the terms of the agreement Eagle Plains is designated as the Operator of the projects.
Eagle Royalties Ltd. ("ER":CSE) holds a 2% NSR on the majority of claims comprising the Pine Channel Property, which may be bought down to 1% for $CDN 1,000,000, while an arms-length party holds an underlying 2% royalty (with buy down to 1%) on specific dispositions comprising the Pine Channel property. Royal Uranium Inc. holds a 2% NSR on specific dispositions comprising the Shasko Bay Project, which fall under the Pine Channel option agreement.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
Minaurum Drills Multiple High Grade Silver Intercepts Including 2,431 g/t Ag over 0.70 m at Alamos Silver Project
https://www.newsfilecorp.com/release/223762
September 19, 2024 8:30 AM EDT | Source: Minaurum Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2024) - Minaurum Gold Inc. (TSXV: MGG) (OTCQX: MMRGF) (FSE: 78M)
Cascada Completes Mina Gaunaca Phase 1 Drill Program Commences Drilling at Angie Property
https://www.newsfilecorp.com/release/223728
September 18, 2024 9:23 AM EDT | Source: Cascada Silver Corp.
Toronto, Ontario--(Newsfile Corp. - September 18, 2024) - Cascada Silver Corp. (CSE: CSS) ("Cascada") is pleased to announce that it has completed its Phase I drill program at its Mina Guanaca Copper Property ("Mine Guanaca") and has commenced drilling at its Angie Molybdenum Property ("Angie") located in Region III, Chile approximately 75 kilometres east southeast of the City of Copiapo.
Four reverse circulation ("RC") drill holes were completed at Mine Guanaca for a total of 1,132 metres. The drill holes targeted both the copper-oxide gold bearing breccias hosted within the Mina Guanaca open pit and the potential copper porphyry at depth. The first drill hole, GAS-01, was lost at a depth of 36 metres when it intersected old underground workings. The remaining three RC holes, GAS-02 through GAS-04, were drilled to depths of between 350 to 380 metres dominantly cutting magnetite-bearing granitoids.
Copper oxides were observed within the upper levels of all drill holes to depths of up to 100 meters downhole with locally disseminated chalcopyrite and chalcocite observed below the oxides. Within holes GAS-03 and GAS-04, intervals of fine-grained, quartz diorite intrusions with chalcopyrite (disseminated and veinlets) were observed. The Mina Guanaca RC holes have been sampled and samples have been submitted for assaying.
With the Mina Guanaca program completed, the drill has been mobilized to Angie where drilling will target a historical +50 parts per million ("ppm") molybdenum rock geochemical anomaly encompassing an area of approximately 1,000 by 1,500 metres with molybdenum assays of up to 1,150 ppm. The previously undrilled molybdenum anomaly is associated with anomalous tin and tungsten. For further information on the Angie Property, please review Cascada's February 15, 2023 press release.
"The Mina Guanaca drilling was completed quickly and without incident," noted Carl Hansen, Cascada's CEO. "The three primary RC holes, initially targeting completion depths from 250 to 300 metres, were extended to depths of up to 380 metres. Assays from the Phase 1 Mina Guanaca program should be available during mid-Q4." Commenting on the Angie drill program, Mr. Hansen noted, "The RC program is targeting a significant, well-defined yet undrilled, molybdenum anomaly. With the first drill hole, planned for a depth of 300 metres, we should be able to determine the potential of the mineralized system. Barring problems, drilling should be completed by the end of this week."
Historical Results Note: Cascada has not undertaken any independent investigation of results from historical exploration programs at Mina Guanaca or Angie. The reader is cautioned upon relying on the accuracy of the historical results presented; however, Cascada considers the historical assay results relevant as it is using the results as a guide to plan its current exploration programs and considers the data to be reliable for these purposes.
NI 43-101 Technical Disclosure
The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada's exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.
About Cascada Silver Corp.
Cascada is a mineral exploration company focused on exploration opportunities in Chile. Cascada's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects creating value for all stakeholders.
On behalf of Cascada Silver Corp.,
Carl Hansen, CEO
Phone: 416-907-9969
For additional information, please contact us at: IR@cascadasilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties; the success of evaluation plans; the success of exploration activities; mine development prospects; and, potential for future metals production. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: changes in economic parameters and assumptions; all aspects related to the timing of exploration activities and receipt of exploration results; the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; labour disputes and other risks of the mining industry; the results of economic and technical studies; delays in obtaining governmental approvals or financing or in the completion of exploration; as well as those factors disclosed in Cascada's publicly filed documents.
Although Cascada has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this news release.
SOURCE: Cascada Silver Corp.
Bolt Metals Enters LOI to Acquire Drill Ready, High-Grade Silver/Copper Property and Announces Private Placement
https://thenewswire.com/press-releases/1Av7FWvZn-bolt-metals-enters-loi-to-acquire-drill-ready-high-grade-silver-copper-property-and-announces-private-placement.html
Vancouver, B.C. – September 19, 2024 – TheNewswire – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT: A2QEUB) (OTCQB: PCRCF) is pleased to announce it has entered into a non-binding letter of intent (the “LOI”) with 1436060 B.C. Ltd. (“143 BC”) dated September 17, 2024, contemplating an acquisition by the Company of 143 BC, which holds the Silver Switchback property (the “Property”), located in the Omineca Mining Division of British Columbia, from the shareholders of 143 BC (the “Proposed Transaction”).
Property Highlights
recent surface sampling returned 1,975 g/t silver (Ag), 17.01 % copper (Cu) and 0.48 g/t Au
high-grade surface showings never drilled; existing drill permit good to 2027
significant road building and logging, provides for vehicle access to the entire property
mineralized zones of massive to semi-massive sulphides
geochemical target 1km by 3km in size
"The acquisition of the Silver Switchback Property is an important step forward in the transformation of Bolt Metals, positioning the company for future growth," said Branden Haynes, Bolt’s President and CEO. "Silver Switchback fits well with our long-term strategy of acquiring highly prospective exploration and development-stage projects, in mining friendly jurisdictions that may be advanced quickly and efficiently. We believe that there are excellent opportunities to discover significant additional copper and silver mineralization at Silver Switchback, and are planning a comprehensive exploration program to follow up on these targets".
The Silver Switchback Property is an exploration stage property located 55 kilometres east of Terrace, British Columbia via forest service roads. The Property consists of eight contiguous mineral claims totalling 2,560 hectares and is prospective for volcanic redbed copper and polymetallic Cu - Ag – Pb – Zn deposits. Exploration to date, including mapping, sampling, and drilling has outlined significant anomalous areas and prospective targets. The property was the subject of a recent C$500,000 work program and a 43-101 technical report dated September 1, 20231.
Transaction Terms
Under the terms of the LOI, at closing of the Proposed Transaction, the Company will issue an aggregate of 4,000,000 common shares in the Company (the “Consideration Shares”) to the shareholders of 143 BC (the “Shareholders”) pro rata to their respective shareholdings in 143 BC. The Company will also make a cash payment of CAD$20,000 on execution of a definitive agreement (the “Definitive Agreement”) to the Shareholders, or a nominee thereof. The Proposed Transaction arm's length and there are no finder's fees payable in connection therewith.
The Proposed Transaction is subject to a range of conditions, including, but not limited to, the parties entering into the Definitive Agreement containing terms and conditions, including representations and warranties customary for transactions of this nature and receipt of all required shareholder and regulatory approvals, including but not limited to approval of the Canadian Securities Exchange (the “CSE”).
The entering into of the Definitive Agreement is subject to, among other things, completion of the parties’ respective due diligence and approval of the boards of the Company and 143 BC. There is no certainty that the parties will be able to conclude the Proposed Transaction. The LOI is non-binding and neither the Company nor 143 BC is under any obligation to enter into, or continue negotiations regarding, the Definitive Agreement or to proceed with the Proposed Transaction. There can be no assurances that any component of the Proposed Transaction will proceed, nor can there be any assurance as to the final definitive terms thereof.
Private Placement
The Company is also pleased to announce its intention to complete a non-brokered private placement offering of units (“Units”) for a total target amount of up to C$600,000. The offering will consist of up to 1,500,000 Units priced at C$0.40 per Unit (the “Private Placement”). Each Unit will be comprised one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”), with each Warrant exercisable for a period of two (2) years at a price of C$0.75 per Warrant.
The net proceeds from the Private Placement are expected to be used for exploration expenditures, working capital and general corporate purposes. The Units, including all underlying securities, issued as part of this offering will be subject to a four-month and one day hold period from the date of issue. The Company may close the Private Placement in one or more tranches. The Company may pay finder’s fees in connection with the Private Placement. Insider participation in the Private Placement is not anticipated at this time.
Qualified Person
Mr. Garry Clark, P. Geo., a member of the Company's Board of Directors, a "Qualified Person" under NI 43-101, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.
1 National Instrument 43-101 Technical Report on the Silver Switchback Property, Northwest, British Columbia, Canada; Jeremy Hanson, P.Geo.; September 1, 2023
Bolt Metals Corp.
Branden Haynes – Director and CEO
(604) 817-1595
info@boltmetals.com
Reader Advisory
This news release may contain statements which constitute “forward-looking information”. The words “may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
The Canadian Securities Exchange has not approved or disapproved this news release.
Radius Gold reports Plata Verde drill results
https://thenewswire.com/press-releases/1BNMFOZKr-radius-gold-reports-plata-verde-drill-results.html
September 19, 2024 – TheNewswire - Vancouver, British Columbia – Radius Gold Inc. (TSXV: RDU) (“Radius” or the “Company”) reports final drill results for the Plata Verde silver project in Chihuahua, Mexico. Drilling was funded by Minera San Julian, S.A. de C.V. (“Minera San Julian”), a wholly owned subsidiary of Fresnillo plc (“Fresnillo”).
The Plata Verde drill program comprised 13 holes for a total of 2400m of diamond core drilling. The drill holes cut several zones of low-grade silver mineralization, but unfortunately did not intersect zones of significant silver mineralization. Due to the limited economic potential, Minera San Julian has withdrawn from the partnership and Radius is in the process of returning the property to the underlying owners.
Other Projects
Radius is in the final stages of acquiring an option on the Tierra Roja copper project in Peru (see press release dated September 9th, 2024) and expects to provide an update in the next weeks. The Company also continues to evaluate opportunities to generate shareholder value from its Amalia gold-silver joint venture with Pan American Silver Inc. and Holly Gold project joint venture with Volcanic Gold Mines Inc.
Technical Information
Bruce Smith, M.Sc. (Geology), a member of the Australian Institute of Geoscientists, is Radius’ Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Smith has reviewed and approved the technical information contained in this news release.
Radius Gold Inc.
Radius has a portfolio of projects located in Mexico and Guatemala utilizing partnerships where appropriate to retain the Company’s treasury. Management is seeking out additional investment and project acquisition opportunities across the globe. Radius is a member of the Gold Group of companies, led by Simon Ridgway. You may find more information on Radius Gold at www.radiusgold.com or www.sedarplus.ca.
ON BEHALF OF THE BOARD
Bruce Smith
President and CEO
Symbol: TSXV-RDU
Contact: Bruce Smith
200 Burrard Street, Suite 650
Vancouver, BC V6C 3L6
Tel: 604-801-5432; Toll free 1-888-627-9378; Fax: 604-662-8829
Email: info@goldgroup.com
Website: www.radiusgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward- looking statements and include, without limitation, statements about the Company’s plans for its properties. Often, but not always, these forward looking statements can be identified by the use of words such as “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; the Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: that the Company’s stated goals and the planned exploration and development activities at its properties will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.
Exploration Progress Report on Cariboo Rose's Gold-Copper-Silver Projects
https://thenewswire.com/press-releases/1AMqFqamG-exploration-progress-report-on-cariboo-rose-s-gold-copper-silver-projects.html
Vancouver, BC – TheNewswire - Sept 18, 2024 - Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) provides an update on exploration on its gold–copper-silver projects.
Cariboo Rose operates on a model where projects are acquired and subsequent option agreements with other companies derive both income and exploration leverage. Factors which make this viable, in addition to having projects that possess large deposit attributes, include acquiring large acreage tenures, keeping expiry dates well into the future and having the projects fully permitted. A summary of the more important 2024 projects, all of which are located in British Columbia, follows.
Lightning Strike: A 100% owned, 4,073-hectare, shale hosted gold-silver project modelled on the Spanish Mountain Gold Project located in similar rocks 95 kilometers to the northwest owned by Spanish Mountain Gold Ltd. (TSX-V: SPA). Shale hosted orogenic gold deposits are one of the most attractive models for large gold deposits in the world and include the giant Murantau and Sukoy Log deposits in Russia. A number of notable drill holes on Lightning Strike include intercepts of 3.42 g/t gold and 228.1 g/t silver over 5.0 meters, 0.62 g/t gold and 7.2 g/t silver over 38.0 meters, 0.77 g/t gold over 20.0 meters and 19.30 g/t gold over 1.5 meters. An exploration permit to drill, valid until April 28, 2029, was granted in 2024.
Carruthers Pass: A 100% owned, 3,895-hectare base and precious metal project that would include Greens Creek Alaska as an analog. Massive sulfide mineralization was discovered here by Freeport McMoRan Copper and Gold in 1997. In 2003 a 100% interest in the project was sold to Cariboo Rose via an earn-in completed in 2012 (subject to a 21/2% royalty to Franco-Nevada Corporation). The property is located in northern BC south of the Kemess copper-gold mine. Of major significance to the project is a mineralized slab of rock weighing several thousand tons protruding from talus with a diamond drill intercept through it of 3.1 meters grading 6.2% copper, 5.8% zinc, 2.37 g/t gold and 192.0 g/t silver. The project is fully permitted for drilling with a current permit expiry of Dec 31, 2026. The most recent work, completed in 2022, at a cost of approximately $2.0 million, included a VTEM electromagnetic airborne survey and four diamond drill holes. Numerous geochemical and geophysical targets remain untested including some with robust cobalt values.
Cowtrail: A 100% owned, 4,717-hectare, porphyry copper gold project located in southcentral BC contiguous with the Woodjam copper-gold porphyry project owned by Vizsla Copper Corp. (TSX-V: VCU). The Cowtrail project is under option to BRS Resources Ltd (CSE: BRS) who may earn a 60% interest by completing $2,000,000 in exploration, making payments of $200,000 cash and share issuances equivalent to $200,000 by Dec 19, 2027. Reconnaissance drill testing of extensive induced polarization anomalies (vintage 1997, 2004 and 2006) define a vector of mineralization trending to the southwest beyond the area drilled. Significant drill intercepts include 0.15% copper and 0.12 g/t gold over 105.0 meters, 0.17% copper and 0.11 g/t gold over 40.0m and 1.16 g/t gold over 18.3m. A separate gold arsenic soil anomaly with coincident strong IP and a 6-meter drill intercept grading 0.82 g/t gold, is located 2 km to the west. The exploration permit to drill is valid until Aug 23, 2026.
Coquigold: A 100% owned, 2,660-hectare, epithermal gold and silver project located in southern BC 10 kilometers north of Shovelnose Mountain (Westhaven Gold Corp. (TSX-V: WHN)). Central to Coquigold is an area where in 2008 the BC Geological Survey identified quartz sinter and several areas of chalcedonic volcanic and intrusive breccia. Subsequent bedrock sampling by Cariboo Rose returned up to 43.1 g/t silver, 559 ppm arsenic, 13,400 ppb mercury and 101ppm antimony. Soil sampling completed in 2022 identified four new epithermal targets based on anomalous concentrations of arsenic, antimony, silver and lead. In 2022 the project was optioned to CMP Mining Inc. (CSE: CMP) who may earn a 60% interest over a four-year term by making payments totaling $450,000, issuing 200,000 shares and completing $2,000,000 in exploration. An exploration permit to drill, valid until Aug 14, 2028, was granted in 2023.
CHG (Carbonate Hosted Gold): A 100% owned, 4,760-hectare, carbonate hosted gold target subject to an option with Basin Uranium Corp. (CSE: NCLR) who may earn a 60% interest by making payments of $300,000 and completing $1,500,000 in exploration by Nov, 2025 and thereafter an additional 10% interest by completing a bankable feasibility study within 24 months. CHG is located in southern BC near the community of Clinton and is drained to the east by three creeks with very strong gold silt anomalies in a predominantly limestone terrane. A VTEM airborne electromagnetic survey was completed in 2021 and indicates a number of resistivity and magnetic anomalies. In 2023 Basin Uranium completed a seven-hole reverse circulation drill program in one target with none of the holes penetrating through the gravelly overburden. In March 2024 a single diamond drill hole was completed. This hole encountered overburden to 120 meters followed by a clay altered unit and sandstone to 139m where the hole was lost in a fault without encountering significant results. Basin Uranium advises that more work is planned. The current permit issued in 2020 authorizing drilling is valid until Oct 25, 2025.
Koster Dam: The 5,463-hectare epithermal precious metal project, 55% owned by Cariboo Rose and 45% by Discovery Lithium Corp. (CSE: DCLI), is located in southern British Columbia 5 kilometers north of the Blackdome gold silver Mine (in production from 1986 to 1991 during which time it produced 225,000 ounces of gold and 547,000 ounces of silver). The target at Koster Dam is volcanic hosted gold related to the Fraser River Fault system similar to Blackdome. Recently, areas with greater than 3.0 g/t gold in silt and chalcedonic quartz in outcrop have been located. Airborne magnetic and LiDAR surveys were completed in 2021and indicate a number of linear features. A program completed in 2023 guided by these linear features identified two new areas where gold mineralized float returned assays to 2.6 g/t gold. A 2024 program following up the 2023 work will start before the end of September.
This news release has been reviewed and approved by Mr. J.W. (Bill) Morton, P.Geo., who is the Qualified Person within the context of NI 43-101 and takes responsibility for it.
J.W. (Bill) Morton, P.Geo.
President and CEO
Contact:
Phone: (604) 681-7913, Toll Free: 888-656-6611; website at http://www.cariboorose.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
PANTHER MINERALS UPDATES PROGRESS ON THE BOULDER CREEK PROJECT, ALASKA
https://www.newswire.ca/news-releases/panther-minerals-updates-progress-on-the-boulder-creek-project-alaska-816262024.html
Panther Minerals Inc. Sep 18, 2024, 08:00 ET
VANCOUVER, BC, Sept. 18, 2024 /CNW/ - Panther Minerals Inc. ("Panther Minerals" or the "Company") (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) is pleased to offer an update on corporate progress, including project advancement of its flagship Boulder Creek project. Panther Minerals has recently been informed (September 12th, 2024) by the Alaska Department of Natural Resources that the final MLUP permit (Miscellaneous Land Use Permit - required to explore for and mine locatable minerals and to conduct reclamation) is in the editing phase, with a positive decision expected in the near term. As outlined previously (August 8th, 2024) the Company has conducted a thorough and detailed permitting protocol, led by Jack DiMarchi of Core Geoscience LLC, to secure permits for the next 5 years.
Since the acquisition of the Boulder Creek project in April 2024 the Company has made significant progress advancing the project:
PROPERTY - April 25, 2024 – Expansion of the Boulder Creek property to 22,400 acres or 9,065 hectares (90.65 square kilometres), covering approximately 30 km in a north-northwest-south-southeast direction, and varying in width from three to seven km.
TEAM - May 2024 – Strengthening of the technical team with the additions of David Hedderly-Smith and Lindsay Bottomer to the advisory board. Mr. Bottomer also serves as the Company's qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, Alaska Earth Sciences was also engaged as the in-State lead geological and logistic consultants, and Jack DiMarchi of Core Geoscience LLC, was retained to head up the Company's permitting activities.
FIREWEED PROSPECT - June - July 2024 – Investigations into the property database highlighted the significance of the second uranium showing on the property, the Fireweed Prospect. Located approximately 28 km northwest of the Boulder Creek Uranium deposit, initial sampling in 2006 by Triex Mineral Inc. (sample #95812) returned up to 0.82% U3O8 (6,950 ppm U) from "granitic, stained brick red by pervasive hematite, with specks of black mineral, likely pitchblende, forming about 2% of the sample" (Triex Internal Company Report - 2006 Report on Boulder Creek Property). Further sampling in 2007 by Triex reported: ""Twenty-one (21) rock samples collected from three main areas along the contact contain from 0.14% to 0.81% U308. These data confirm the 0.82% U308 value obtained from the single sample collected during a brief site visit in 2006. More than 300 sub-angular radioactive pebbles of silica-hematite rock have been identified from 130 mapped sites which cover an area of approximately 1,800 metres long east-west by 700 metres wide north-south". Based on the data reviewed to date, and as indicated in the Triex reports, the Fireweed mineralization differs substantially from that at the Boulder Creek deposit, and the size and strength of the anomalies at Fireweed (airborne radiometric, ground radiometric, rock sampling, and soil geochemistry) are larger and stronger. The Fireweed Prospect represents a high priority target for future exploration.
SATELLITE IMAGERY - July 2024 - Dirt Exploration of Cape Town, South Africa, was engaged to conduct a long-wave infrared survey (LWIR) and interpretation of high-resolution hyperspectral satellite imagery over the northern portion of the property. Results reported later in July indicate He (helium) anomalies coincident with radiometric and rock samples anomalous at the Fireweed prospect which are likely produced by radioactive decay of uranium. Additional targets were indicated that will need to be checked in the field.
SITE VISIT – July 2024 - Company consultants visited the property in July to appraise the condition of the nearby air strip and the condition of the core from the Triex 2006-2007 drill program and to complete a review of requirements to re-establish a field camp for exploration purposes.
43-101 REPORT – August 2024 – Significant progress has been made on the compilation and interpretation of the extensive historic database (Houston Oil and Minerals, 1979 1981, and Triex Metals Inc., 2006-2008), into a comprehensive initial draft 43-101 Geological Report. This activity is ongoing.
TEAM – September 2024 – Mr. Jeffrey Kupfer joined the Company's team as a strategic adviser, with specific expertise and knowledge of the energy sector in the United States. Mr. Kupfer is a principal at DAA consulting, the president of the non-profit organization ConservAmerica, and an adjunct professor of policy and management at Carnegie Mellon University's Heinz College.
PERMITTING – As previously mentioned, Panther Minerals is nearing final permits on the Boulder Creek property, with additional permits pending for the project. Refer to press release dated August 8th, 2024, for details on permits received to date. This activity is ongoing.
"Panther Minerals has shown much progress this summer in increasing our knowledge in preparation for devising a strategy for next steps on our Boulder Creek project," stated Rob Birmingham, Chief Executive Officer of Panther Minerals. "Upon receipt of our final permit, we expect to coordinate details relating to timing and work expectations with our technical team, specifically relating to groundwork and drilling on our Boulder Creek and Fireweed targets."
Qualified Person
The scientific and technical information in this news release has been reviewed and approved for disclosure by Lindsay Bottomer, PGeo. Mr. Bottomer is a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and is a consultant for the Company.
About Panther Minerals Inc.
Panther Minerals is a mineral exploration company actively involved in the exploration of its North American project portfolio. The acquisition of the Boulder Creek and Huber Heights option reflects the Company's continuing intention of pursuing advanced, high-quality prospective uranium projects that can be readily worked on and efficiently explored in a timely manner.
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Robert Birmingham, Chief Executive Officer
For more information please visit: www.pantherminerals.ca or email info@pantherminerals.ca.
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to the Company and the Boulder Creek property. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is impossible for the Company's management to predict all risk factors, nor can the Company assess the impact of all factors on Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available on the Company's profile at www.sedarplus.ca.
SOURCE Panther Minerals Inc.
Evergold Initiates Follow-up Drilling at its Exciting DEM Precious & Strategic Metals Discovery, Central B.C.
https://ca.finance.yahoo.com/news/evergold-initiates-drilling-exciting-dem-110000659.html
Evergold Corp.
Wed, September 18, 2024 at 4:00 a.m. PDT·6 min read
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TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Evergold Corp. (TSX-V: EVER, WKN: A2PTHZ) (“Evergold” or the “Company”) is pleased to announce that drilling has commenced at the Company’s road-accessible DEM prospect, located in central B.C. near Fort St. James, in follow-up to last season’s precious (Au, Ag) and strategic metals (Co, Mo, Cu, W, Te, Re) discovery (see news, January 15, 2024, and highlights below). The program will encompass up to 1,000 metres of drilling in multiple holes targeting a prominent north-south geochemical and geophysical trend, part of the much larger 4 km2 geophysically and geochemically anomalous DEM target area, with completion anticipated in October.
The drilling will build upon the highly encouraging results of the Company’s DEM reconnaissance drilling (947 metres in 3 holes) carried out in fall 2023 on the same trend. As highlighted below, the three holes drilled in 2023 intercepted what is interpreted to be a roughly north-south oriented, structurally-focused, epithermal-style and locally sulphide-rich system, comprised of a broad envelope of anomalous to low-grade mineralization encompassing genuinely high-grade intervals of both precious and strategic elements. With better focused and better framed targets evident from recently completed geophysical surveys, the Company is excited at the prospects for this year’s drilling. Helping to generate that excitement is a large underlying sub-circular magnetic feature, akin in plan view to a doughnut, which extends well beyond the limits of the currently targeted core area geochemical-geophysical trend. The broad coverage area and unique character of this underlying magnetic response, together with a first intercept in last year’s drilling of a porphyritic dyke mineralized with very high-grade molybdenum plus significant credits of gold, silver and high-value rhenium, suggests the possibility that the epithermal assemblage may be associated with an underlying and/or nearby intrusion.
“Last year we tested the DEM prospect from two pads located a long way apart,” said Kevin Keough, President and CEO. “Intercepts in the holes drilled from those pads have given us an apparent trend to what we believe is essentially a high-grade system, possibly tapped into an underlying intrusion, which appears to trend subparallel to the best of the surface geochemically anomaly and almost certainly daylights within the DEM core area geochemical-geophysical trend. We’re especially interested in two high-order CSAMT (low resistivity) anomalies defined since last year – designated Features “A” & “B” - with associated high IP chargeability, located between and immediately to the south of, last year’s drill sites. The location of these anomalies suggest that we may have narrowly missed with last season’s drilling, which was the first on this generally poorly-exposed property. Therefore, with this year’s initial drill plan, available on our website at https://www.evergoldcorp.ca, we’ll initially target the Feature A anomaly from Pad A, drilling west down the high chargeability / low resistivity anomalies to a target depth of 250 metres. With success, more than one hole may be drilled from Pad A. A second drill pad – Pad B – has been sited 100 metres due west of Pad A along the same section 68000N. Additional holes will be sited depending upon visual and XRF analysis of core in the field.”
Previously released highlights of the 2023 drill program (for complete results and discussion see news, January 15, 2024):
DEM23-01*: Partially delineated system envelope: 135 metres of 0.12 g/t Au from 6 to 141 metres, true width unknown.
Including: high-grade strategic metal tungsten (0.32%) and silver (155 g/t) from 131 to 132 metres
DEM23-02*: First intercept of porphyritic intrusive: very high-grade strategic metal molybdenum (0.82%), with associated gold (1.2 g/t), silver (8 g/t), and high-value rhenium (3.7 g/t) from 299 to 300 metres, true width unknown
DEM23-03*: Partially delineated system envelope: 48.2 metres of 0.58 g/t Au and 11 g/t Ag from 303 to 351.2 metres, believed to approximate true width
Including: high-grade: 11.98 g/t Au, 24 g/t Ag from 339 to 340.5 metres
Including: high-grade: 29.5 g/t Au, 0.11% Co, 0.19% Cu from 340 to 340.5 metres
*Note: Due to 2023 budget constraints, only 62% of the metres drilled in DEM23-01 were assayed, 17% in DEM23-02, and 12% in DEM23-03, with the focus being on only those core intervals that showed the highest density of veining, sulphides, and metal values indicated by X-Ray Fluorescence (“XRF”). The Company intends to sample and assay 100% of the core drilled in 2024.
About the DEM Project
The 12,728-hectare DEM property is ideally located in moderate terrain only 40 kms northwest of Fort St. James in central B.C.. The project area lies toward the south end of the Nation Lakes porphyry camp and within the Quesnel terrane, the latter of which hosts large deposits and long-life mines including the Mount Milligan mine (50 kms to the northeast of DEM) and Lorraine deposit and, farther south, the Mt. Polley, Afton, Copper Mountain, and Brenda mines, in addition to the Highland Valley mines and deposits.
Located central to the DEM property is the DEM1 prospect, a roughly 4km2 target area defined by alteration and mineralogy suggestive of the presence of a porphyry system, by a multi-element soil geochemical signature, by compelling high-relief magnetic, IP-chargeability and CSAMT resistivity anomalies, and by the presence of nearby regional scale structures. Extensive logging in the area and associated forest service roads provide drive-on access directly to the DEM1 prospect. All of these factors, combined with the results of a reconnaissance drilling program last fall which returned narrow intercepts of high-grade gold, silver and strategic metals (molybdenum, cobalt, tungsten, tellurium, rhenium) within a broad low-grade envelope, underscore the strong exploration merits of the property. Further details on the DEM prospect may be found on the Company’s website at www.evergoldcorp.ca/projects/dem-property/ and in a NI 43-101 technical report dated August 30, 2023, posted thereon and on the Company’s issuer profile at SEDAR+.
Quality Assurance and Quality Control
Charles J. Greig, M.Sc. P.Geo., the Company’s Chief Exploration Officer and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
About Evergold
Evergold Corp. is a TSX-V listed mineral exploration company with projects in B.C. and Nevada. The Evergold team has a track record of success in the junior mining space, most recently the establishment of GT Gold Corp. in 2016 and the discovery of the Saddle South epithermal vein and Saddle North porphyry copper-gold deposits near Iskut B.C., sold to Newmont in 2021 for a fully diluted value of $456 million, representing a 1,136% (12.4 X) return on exploration outlays of $36.9 million.
For additional information, please contact:
Kevin M. Keough
President and CEO
Tel: (613) 622-1916
Email: kevin.keough@evergoldcorp.ca
Website: www.evergoldcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Baselode Reports Eighteen Drill Holes with Near-Surface Radioactivity on its ACKIO Uranium Prospect
Eighteen drill holes encountered anomalous radioactivity starting at depths of less than 100 metres from surface, with nine of these starting within 50 metres
Highlight drill hole AK24-137 intersected four separate zones of radioactivity with greater than 5,000 counts per second ("cps")
Seven drill holes intersected radioactivity with greater than 5,000 cps
Thirteen drill holes reported composite intervals of anomalous radioactivity between 11 and 42 metres in thickness, spanning five distinct areas
https://www.newsfilecorp.com/release/223449
September 16, 2024 6:00 AM EDT | Source: Baselode Energy Corp.
Toronto, Ontario--(Newsfile Corp. - September 16, 2024) - Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF)
Stallion Uranium Strategically Expands Largest Land Package in the Prolific Southwestern Athabasca Basin
https://ca.finance.yahoo.com/news/stallion-uranium-strategically-expands-largest-110000428.html
Stallion Uranium Corp.
Wed, September 18, 2024 at 4:00 a.m. PDT·3 min read
STLNF
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VANCOUVER, British Columbia, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that it has acquired by low-cost staking ten new prospective uranium exploration dispositions (or “claims”). The new claims will make up the Company’s Stone Island Project, covering 9,993 hectares and further bolstering Stallion’s land package in the prolific Southwestern Athabasca Basin. The new dispositions are contiguous to the Western Athabasca Basin JV Project (Stallion and Atha Energy) and are 100% owned by Stallion Uranium.
Key Exploration Highlights
Staked 9,993 ha of contiguous claims
New dispositions host the extension of Stallion’s Coyote Corridor
Shallow depth to Unconformity of 100-400m
Hosts the extensions of known additional conductive trends
“Highly prospective land in the Athabasca basin very rarely becomes available,” said CEO Drew Zimmerman “We are fortunate to have been able to stake such a large land package in a very competitive area. These newly acquired claims are geologically prospective and strategically located along our existing land package allowing Stallion to more easily integrate the project into our proven exploration funnel.”
New Mineral Dispositions – The Stone Island Project
The new project is located on the southern edge of Stallion’s Western Athabasca Basin JV Project. In a very competitive and prospective area, Stallion was able to stake 9,993 ha of land hosted across 10 mineral claims. The project hosts the extension of Stallion’s previously identified and highly prospective Coyote Corridor as well as other historically identified conductors. The project is located the Taltson Geological Domain which hosts the NexGen’s Arrow deposit.
Stallion will begin the process of having this additional project go through the Company’s exploration funnel. A technologically advanced exploration process that efficiently and effectively uncovers the highest priority target areas on the project for further advancement. With proprietary data available from work the company has already completed on adjoining projects, the company sees incredible potential in the Stone Island Project.
Darren Slugoski, Vice President Exploration stated, “We are extremely happy to be able to secure the land acquisition covering such a highly prospective area in the Southwest Athabasca Basin. Our technical team is focused entirely on the underexplored Southwestern Athabasca Basin and our knowledge of the area allowed us to identify and acquire the highly prospective ground containing both recently discovered and historical conductive corridors. Given the prospective data from our contiguous land package, we look forward to incorporating the Stone Island project into our exploration programs.”
Stallion’s Newly Staked 9,993ha Stone Island Project
Figure 1 – Stallion’s Newly Staked 9,993ha Stone Island Project
Qualifying Statement
The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.
About Stallion Uranium
Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of over 3,000 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with the Horse Heaven gold project in Idaho that neighbours the world class Stibnite Gold deposit held by Perpetua Resources, offering exposure to upside potential from district advancement with limited capital expenditures.
For more information visit stallionuranium.com or contact:
Drew Zimmerman
Chief Executive Officer
778-686-0973
info@stallionuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. 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 material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company 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 presentation are expressly qualified in their entirety by this cautionary statement.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fb3e80c-d225-48f8-b73e-f46edf04c1e5
Endurance Announces First 2024 Drill Results At The Reliance Gold Project, BC; Initial Six Holes Expand Imperial Zone With High-Grade Gold Mineralization
https://www.newsfilecorp.com/release/223583
September 17, 2024 7:15 AM EDT | Source: Endurance Gold Corporation
Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG
Geologica Acquires 100% of Lincoln Claims Developing District Play in Prolific Atlin Mining District
https://www.newsfilecorp.com/release/223696
September 18, 2024 7:29 AM EDT | Source: Geologica Resource Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Geologica Resource Corp. (CSE: GRCM) (FSE: 862) ("Geologica" or the "Company") is pleased to announce the strategic acquisition of the "Lincoln" property ("Lincoln") in the Atlin mining district of British Columbia.
Lincoln Claims
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10667/223696_142b7f75c4d79bd4_001full.jpg
The Lincoln Property is thought to have the potential of hosting lode gold mineralization. These claims contain similar geology to the producing Otter Creek gold claims 33km to the southwest. Otter Creek has been the recent focus of activity in the Atlin placer camp with the discovery of Lode Gold deposits (1). At Otter Creek Placer mining uncovered significant mineralization in bedrock, resulting in multiple samples of in-situ bedrock gold along Otter Creek. Bonanza grade gold is hosted in quartz veins emplaced along structures in phyllite bedrock. The coarse gold in bedrock supports a new placer source for the Atlin Gold Fields. The findings at Otter Creek are not necessarily indicative to the mineralization on the Lincoln Property.
Recent exploration (2019) by the vendor was designed to further verify the potential of the Lincoln Property to host gold mineralization similar to Otter Creek. The Spatial Geo Hydrocarbon survey ("SGH") indicated a Gold anomaly with a rating of 4 out of 6, indicating the zones warrant more work (BC Geological Survey Assessment Report 39153). Drill testing zones with an SGH Confidence Rating of 4.0 (±0.5) have been drill tested and have had successful mineralization intersections. Lincoln Creek and Otter Creek are both covering areas in which the Surprise Lake Plutonic Suite contacts the Cache Creek Complex - where sedimentary, volcanic, and ultramafic rocks have been mapped. Both Spatial Geochemical Hydrocarbon (SGH) and MMI surveys identified gold anomalies.
Location
The Lincoln Property is situated in the Atlin Mining Division between Gladys Lake (~7 km to the East) and Surprise Lake (~16 km to the SW). Access to the claims is by ATV through a network of historical, unmaintained, and overgrown exploration roads. Abundant water is available for exploration and mining from lakes and creeks.
Property Purchase
Over the next 5 years Geologica will pay the vendor $105,000, issue 1,000,000 shares to the vendor and conduct at least $213,500 of exploration on the Lincoln. Geologica has committed to use the vendors company or a company approved by the vendor to conduct any exploration work on the property. The vendor has been granted a 2% net smelter royalty. 1% of the royalty may be purchased buy Geologica for $1,000,000.
About Geologica Resource corp.
Geologica Resource Corp. is a mineral explorer, focused on exploration of copper and critical minerals for electrification. Geologica has an option agreement and purchase agreements for 100% of the mineral claims known as the Topley Copper Project, located in the Babine Porphyry Belt of central British Columbia. The company recently acquired the Titan rare critical minerals/copper/gold property in the Atlin camp and has now added the Lincoln to its Atlin portfolio in northern British Columbia.
Further information on Geologica Resource Corp. can be found on the Company's website https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca.
The accuracy of the technical content of this overview had been reviewed by David Mark P.Geo. David is a Qualified Person as defined under NI 43-101, and a member of the Company's board of directors. He approves the technical content of this press release.
Neither the Canadian Securities Exchange ("CSE") nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release.
Doug Unwin
President & CEO
(604) 762-5355
doug.unwin@geologicaresource.com
(1) Mihalynuk, M.G., Zagorevski, A., Devine, F.A.M., and Humphrey, E., 2017. A new lode gold discovery at Otter Creek: Another source for the Atlin placers. In: Geological Fieldwork 2016, British Columbia Ministry of Energy and Mines, British Columbia Geological Survey Paper 2017-1, pp. 179-193.
Forward-Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "ensuring", "believe", "anticipate", "will", "would" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, this news release contains forward-looking information pertaining to the Company's plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
SOURCE: Geologica Resource Corp.
Fieldwork Commences on Eagle Plains' Snowstorm Gold Project
https://www.accesswire.com/919303/fieldwork-commences-on-eagle-plains-snowstorm-gold-project
Wednesday, 18 September 2024 07:00 AM
CRANBROOK, BC / ACCESSWIRE / September 18, 2024 / Eagle Plains Resources (TSXV:EPL) has mobilized personnel to commence fieldwork on its 100%-owned Snowstorm Property, located 45km E of Nakusp, British Columbia. The 1026 ha property is host to polymetallic veins that carry significant gold-silver-lead-zinc mineralization. Exploration is being conducted and managed by TerraLogic Exploration Inc. of Cranbrook, BC.
Snowstorm Geology and Project History
The Snowstorm Property is located within the historic Slocan Mining Camp where active exploration began in the mid-1860s. The camp and surrounding areas contain 173 past producing mines with reported total production in excess of 1,000,000kg of silver (BCGS General File 1997-02 / Klondike Silver Website). The Snowstorm Property is underlain by 6 BC Minfile occurrences, one of which, the White Eagle (Minfile 082KSW126), is covered by an historical Crown Grant.
The current Snowstorm tenures were worked extensively from 1925 -1930 when a series of trenches, shallow shafts, adits and tunnels were established at the Snowstorm (Minfile 082KSW086), Juno (Minfile 082KSW125), Silver Sparrow (Minfile 082KSW143) Lakeview (Minfile 082KSW198) and West Ridge (Minfile 082KSW197) occurrences. Subsequent activity included geological mapping and soil geochemical surveys. The most recent work was reported in 2015 which consisted of a structural analysis of the area.
Mineralization at the Property is associated with quartz-calcite veins hosted in sediments. At the Snowstorm occurrence, a series of veins are exposed by 26 trenches, with the largest vein measuring 1m in width. Historical grab samples of trench material returned up to 572 grams per tonne silver, 2.81 grams per tonne gold, and 22.4 per cent lead (ARIS 18136). The Juno occurrence has been explored by several trenches and a 12m long adit, with a 60cm chip sample of vein material returning 1.4 grams per tonne gold, 600 grams per tonne silver, 29 per cent lead and 29.8 per cent zinc (ARIS 18136). The West Ridge vein has been explored with several trenches and a 15m deep shaft. A selected grab sample of the mineralized vein assayed 1540 grams per tonne silver, 41.1 per cent lead, 16.1 per cent antimony and 1.58 per cent copper (ARIS 18136). The Silver Sparrow occurrence consists of two separate quartz veins approximately 90 metres apart, which have been explored by trenches and a 6m deep inclined shaft. The best grab sample from the vein assayed 27.5 grams per tonne gold, 1083 grams per tonne silver, 56.2 per cent lead and 0.55 per cent zinc (ARIS 18136). At the Lakeview occurrence, two mineralized quartz veins have been exposed by two trenches. A composite sample of vein material taken from the western end of one of the trenches assayed 144 grams per tonne gold, 158 grams per tonne silver, 6.04 per cent lead and 3.47 per cent zinc (ARIS 18136).
Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. The above results were taken directly from MINFILE descriptions and assessment reports (ARIS) filed with the BC government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject propertiesManagement cautions that rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property.
Though historically explored purely as a high-grade, narrow vein system, Eagle Plains further intends to assess the Snowstorm project for its bulk-tonnage potential. No historical drilling has been reported on the property.
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.
The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin outs has transferred over $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout; Eagle Royalties Ltd. (CSE:ER) was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout western Canada.
Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.
Expenditures from 2010-2023 on Eagle Plains-related projects exceed $38M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
"C.C. (Chuck) Downie, P.Geo"
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: Eagle Plains Resources Ltd.
Topic:
Company Update
KDK, WGX x 3, HMLO, MAI, NTH
Till now, Kodiak Copper aka KDK has been solely focused on finding copper-gold porphyries on its MPD property in south central BC, located between the producing Copper Mountain and Highland Valley mines, with New Afton a bit further north. But with today's announcement that KDK has acquired the 112 sq km Aspen Grove property, which borders MPD to the north, KDK now controls over half the area between Copper Montain and Highland Valley that hosts similar porphyry centres to those in production.
The purchase from a private company, cost 1.4M shares of KDK, and increases the total land package to 338 sq km. Aspen Grove has already been subject to a good deal of exploration, with two porphyries similar to those on MPD already established plus a number of other prospects. The most advanced is Ketchan, which has yielded intercepts like 266m of 0.26% Cu, 0.11 g/t Au incl.78m of 0.50% Cu, 0.15 g/t Au (Let me remind you that these are similar grades of mineralization to what is being extracted from those nearby mines.)
One useful aspect of Aspen Grove is that it has year round access, which should also mean year round news flow from KDK.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34825931
Yes, West Australian gold/nickel miner Westgold Resources aka WGX has traded on the TSX since the merger with Karora but there definitely remain primarily an ASX stock, exhibiting several intricacies I am still getting used to. For one, ASX companies rarely put the name of the company in their headlines, a practise which seems counterproductive to me. Second, they have a tendency to put multiple PRs in close proximity, in this case three in four hours. Then there is the very long disclosure stuff at the end of every PR, which I guarantee no one reads and which is a pain to cut and paste.
(If I was an IR person I would be so tempted to put, say, the word 'booger' randomly somewhere in those pages of disclosure to see whether anyone notices.)
Enough of that. On to the PRs...
The first concerns the declaration of an Exploration Target for the Fletcher Zone. (This is another difference with the ASX -- their JORC regulates how these exploration targets can be derived, Sometimes North American listed stocks declare similar targets, but it is not closely regulated.) In the case of Fletcher, they think they can find 23-27Mt @No Moderator.5g/t for 1.6-2.1M oz Au. To that end, they have added two more drill rigs and have committed to having at least three drilling at all times.
We are told to expect lots of news about Fletcher drilling in Q2 and Q3 next year.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34826076
One minute later WGX released another PR concerning guidance for 2005. (To remind you, for some annoying reason, WGX's financial year ends in June, so they are already into FY 2025. )For FY 2024 they had guided production of 220k-230k oz Au at an AISC of $A2100-2300/oz Au, both of which were achieved. With the addition of Karora's assets, FY25 guidance is considerably increased from FY24, forecasting production of 400-420k oz at an AISC of $2000-2300. (Gold is currently valued at $A3800.)
They also warn that FY25 will see higher than usual expenditures due to mine construction and increased exploration, but that increased production should be able to cover those expenses with plenty left over.
https://www.newswire.ca/news-releases/fy25-production-guidance-lifts-to-400-420koz-805721728.html
The third WGX PR, released a few hours later, reported their latest Resource and Reserve estimates as of June 30 this year. An interesting tidbit in the PR; Their Reserves had declined every year since 2017 due to mining depletion, but during FY24 they managed to increase them to 50Mt at 2.05g/t Au for 3.3M oz Au. (These are equivalent to 43-101 P&P Reserves.) Meanwhile, Inferred Resources were 63Mt at 2.47g/t Au for 5.0M oz Au, and M&I Resources totaled 116Mt at 2.19g/t Au for 8.1M oz Au.
With 19 drill rigs operating across their increased roster of properties, I expect WGX will be able to increase these numbers in FY25 in spite of increased production.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34826166
When Hemlo Explorers aka HMLO last week announced they had acquired a large land package in Newfoundland, I mused that perhaps this meant less than stellar exploration results at their Ontario properties, but it appears not with this PR concerning their Pic gold prospect, JVed out to ABX. Over the last six months ABX has carried out an extensive programme of mapping and sampling, particularly in the Wire Lake prospect, revealing that the 'gold corridor' now stretches over 2.7 km in length with a vertical depth of 150m, and remains open along strike and at depth. They have also revealed the existence of what they call 'satellite corridors' parallel to the main Wire Lake mineralization.
Assays are pending, and we are also promised along with an updated geological model.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34826190
Thanks to 31floors who dug up links to a presentation by and an interview with Doug Ramshaw who runs Mexican gold miner Minera Alamos aka MAI. The first includes visuals and is more a review of MAI's assets, which the second is audio only and concentrates more on Mexican politics of mining.
Each is about 15 minutes long and both are worth your time.
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/12/minera-alamos-inc/play/stream/38889
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Operations-Update-from-Minera-Alamos-and-Insights-into-Sheinbaum-Administration-e2obrp4
Last week, in an unnecessary PR, Nord Precious Metals aka NHT told us we would find out this week whether Miller Creek tailings on its Castle Mine property in Ontario contained native silver. Now, a few days later that we learn that yes, there is. They were able to produce a very high concentrate using gravity concentration followed by flotation holding 786,809 g/t Ag and 79 g/t Au.
These PRS should have definitely been combined into one. Not impressed.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34827583
Starcore Reports Q1 Results
https://www.newsfilecorp.com/release/223382
September 16, 2024 2:30 AM EDT | Source: Starcore International Mines Ltd.
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Starcore International Mines Ltd. (TSX: SAM)
Gold Mountain Reports its Q2 2025 Financial and Operating Results
https://www.accesswire.com/918850/gold-mountain-reports-its-q2-2025-financial-and-operating-results
Monday, 16 September 2024 08:30 PM
VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA
Brixton Metals Provides Initial Assay Results from its Maiden Drill Program at the Cirque Cu-Mo Porphyry Target
https://ca.finance.yahoo.com/news/brixton-metals-provides-initial-assay-113000824.html
Brixton Metals Corporation
Tue, September 17, 2024 at 4:30 a.m. PDT·10 min read
BBBXF
-3.13%
VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBX
Greenridge Exploration Completes Extensive Exploration Program on its Nut Lake Project in the Thelon Basin, Nunavut
A total of 182 samples were collected, seventeen (17) sample locations showed readings greater than 30,000 cps, with six (6) sample locations registering off-scale radioactivity
https://ca.finance.yahoo.com/news/greenridge-exploration-completes-extensive-exploration-120000604.html
Greenridge Exploration Inc.
Tue, September 17, 2024 at 5:00 a.m. PDT·6 min read
HW3.F
-2.70%
GXP.CN
-1.20%
VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce it has completed its extensive summer exploration program on its Nut Lake Project (the “Nut Lake Project” or the “Project”) located in the Thelon Basin in Nunavut. The Project covers approximately 5,853 hectares near the Northern Tip of the Yathkyed Basin, a sub-basin of the Thelon Basin (please see Figure 1).
Nut Lake Project claim map
Figure 1: Nut Lake Project claim map
2024 Work Program
On behalf of Greenridge, Dahrouge Geological Consulting Ltd. (“DGC” or “Dahrouge”) conducted an eighteen-day, large-scale exploration program (the “Program”) on the Company’s Nut Lake Project which included:
Detailed geological mapping in previously identified, high-grade showings;
Prospecting and rock sampling over priority target areas; and
Scintillometer sweeps over priority areas that were lacking outcrop.
The primary goal of the Program was to follow-up on historical exploration, delineate the nature of these showings and in the process, highlight high-priority areas that may be further investigated in a future drill program.
DGC has applied its established targeting methodology to Greenridge’s geological data, incorporating historical and recent exploration records to highlight high-priority areas. The 2024 summer exploration Program focused on the Tundra Showing, the Heartbreak Showing, the Lakeshore Showing, the 431 Dike Swarm Showing and the 448 Anomaly Showing (please see Figure 2), highly prospective areas within the Project that have historically yielded high-grade mineralization. Other priority items for the Program included investigation of numerous uranium anomalies found in the SE region of the Project (please see Figure 2).
Uranium showings across the Nut Lake Project
Figure 2: Uranium showings across the Nut Lake Project
Greenridge has confirmed elevated radioactivity across all known zones. Multiple historical trenches and drill collars were identified during the Program. Notably, a new zone, the Tayson Zone, was discovered, revealing a mineralized vein approximately 2 meters long by 2 cm. The Tayson Zone returned off-scale readings on an RS-125 Super-Spectrometer. This spectrometer, which is capable of differentiating uranium (U), potassium (K), and thorium (Th), recorded multiple highlight zones with off-scale readings, signaling potential significant mineralization.
Tayson Discovery - uncovered subcrop with off-scale radioactivity readings
Figure 3: Tayson Discovery - uncovered subcrop with off-scale radioactivity readings
Radioactive minerals within vein from Tayson Discovery
Figure 4: Radioactive minerals within vein from Tayson Discovery
A total of 182 samples were collected, including 149 in situ from outcrop or subcrop and 33 float or boulder samples. Out of these samples, 62 samples exhibited anomalous radioactivity at >1000 counts per second (“cps”), and 22 were measured above 5000 cps. Seventeen (17) sample locations showed readings greater than 30,000 cps, with six sample locations registering off-scale radioactivity. It is important to note that while elevated radioactivity is promising, it does not directly indicate uranium mineralization, and further assays are required to confirm the presence of uranium or other economically valuable minerals.
This data provides a strong foundation for follow-up exploration work to assess the full potential of the mineralization in these zones.
Russell Starr, Chief Executive Officer of Greenridge, commented, "Our successful completion of the summer exploration program at the Nut Lake Project marks a significant milestone for the Company. The results are extremely encouraging, particularly in the historically high-grade areas that we have further defined through detailed mapping and sampling. By leveraging our team's expertise and the proven methodologies of Dahrouge, we've highlighted several high-priority targets for future exploration."
2024 Summer program sample locations, including Tayson Discovery
Figure 5: 2024 Summer program sample locations, including Tayson Discovery
Information about the Nut Lake Project
The Project is located approximately 55km north of the Angilak Uranium Deposit² or 180Km southwest of Baker Lake, Nunavut in the Yathkyed Basin (a sub-basin of the prolific Thelon Basin) in Nunavut Territory, Canada. The Project consists of three contiguous mineral licences encompassing a total land area of approximately 4,036 hectares (~40km²).
In 1979, Pan Ocean Oil Ltd. performed an exploration program consisting of ground geophysics, geological mapping, prospecting and Winkie drilling as follow up to previous sampling with elevated uranium in dyke swarms, fractures and contacts between syenites and trachytes. The geology of the Project area consists of basal sedimentary rocks of the South Channel Formation, composed of white quartzites and pink to grey arkose and arkosic rocks. The sedimentary sequences of the lower Dubawnt Group are unconformably or disconformably overlain by volcanic rocks of the Christopher Island Formation.
The Project hosts high grade vein hosted grab samples of up to 4.36% U3O8, 53.16 oz/t Ag, 1.15% Pb and 7.0% Ni.¹
During the 1979 field season, geological mapping at a scale of 1:1,000 was completed on a major portion of the Project. This was concurrent with prospecting on, and in the immediate area of the Project. Results from prospecting were the discovery of two (41 m wide) syenite dikes and a frost heaved area of felsic gneiss with up to 3,000 cps on fracture surfaces. Two significant Uranium bearing showings were discovered, the “Lake Showing” and the “Heartbreak Showing”. The most noteworthy was the Heartbreak showing which revealed 3.0” and 3.5” samples across a fracture that assayed 2.11% U3O8 and 4.36% U3O8 respectively. The results were followed up with a radon gal survey, a VLF-EM survey and an overburden sampling program. The radon survey results showed that the response is irregular with several good highs and the VLF-EM survey showed a series of northwesterly trending anomalies. It was concluded that further drilling of the Lake Showing is recommended.
The Project and surrounding proximal area have seen approximately 805ft of Winkie Drilling and 6920ft of diamond drilling completed on it. Multiple holes intersected significant uranium mineralization, with the most noteworthy being at the “Tundra Showing” Hole Winkie AX W-24 intersected 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth.¹ Additional noteworthy holes were hole P049 which returned approximately 0.20% U3O8 over a one-foot interval and hole 068 which was drilled to intersect fracture mineralization and successfully encountered approximately 0.59% over 1 foot.1
The combination of historically defined anomalies and modern exploration techniques provides prime ingredients for the potential of discovering a high-grade uranium system within the Project area. The Nut Lake Project has the potential to host unconformity vein and breccia type, syngenetic and sandstone-hosted phosphatic type mineralization.
Qualified Person
The technical information contained in this news release has been reviewed by Neil McCallum B.Sc., P. Geo., of Dahrouge Geological Consulting Ltd., who is a “Qualified Person” as defined in NI 43-101 - Standards of Disclosure for Mineral Projects.
A qualified person has not done sufficient work to verify the results. The Company believes that the historical information is relevant to an appraisal of the merits of the Project and forms a reliable basis upon which to develop future exploration programs. The Company will need to conduct further exploration which will include drill testing and sampling to verify historical data, and there is no guarantee that the results obtained will reflect the historical results.
References
1Source: 1979 Assessment report (number 81075) by Pan Ocean Oil Ltd.
2Source: Reported by ValOre Metals Corp. in a Technical Report entitled “Technical Report and Resource Update For The Angilak Property, Kivalliq Region, Nunavut, Canada”, prepared by Michael Dufresne, M.Sc., P.Geo. of APEX Geosciences, Robert Sim, B.Sc., P.Geo. of SIM Geological Inc. and Bruce Davis, Ph.D., FAusIMM of BD Resource Consulting Inc., dated March 1, 2013. Note: The historical mineral resource estimate was calculated in accordance with NI 43-101 and CIM standards at the time of publication and predates the current CIM Definition Standards for Mineral Resources and Mineral Reserves (May, 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (November, 2019).
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | FRA: HW3) is a mineral exploration company dedicated to creating shareholder value through the acquisition, exploration, and development of critical mineral projects in North America. The Carpenter Lake Uranium Project is located in the Athabasca Basin consisting of 7 mineral claims covering 13,387 hectares across the Cable Bay Shear Zone and the Company is advancing the Project to test multiple high priority targets. The Company’s Nut Lake Uranium Project located in the Thelon Basin includes historical drilling which intersected up to 9ft of 0.69% U3O8 including 4.90% U3O8 over 1ft from 8ft depth2. Additionally, the Company’s Weyman Copper Project in southeast British Columbia sits on the south portion of the famous Quesnel Terrance. The Company is led by an experienced management team and board of directors with significant expertise in capital raising and advancing mining projects.
On Behalf of the Board of Directors
Russell Starr
Chief Executive Officer, Director
Telephone: +1 (778) 897-3388
Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the project acquisition bringing a low-risk opportunity, the Company, building a strong battery metals portfolio with low-risk opportunities that positively impact the Company and its shareholders and the Company providing an initial work plan are “forward-looking statements”. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Project and its mineralization potential; the Company’s objectives, goals, or future plans with respect to the Project; further exploration work on the Project in the future; and the results of the Program. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether because of new information, future events or otherwise, unless so required by applicable securities laws.
The Canadian Securities Exchange (CSE) does not accept responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/02b3ab66-e47d-4a6f-be8c-fb2594883c3d
https://www.globenewswire.com/NewsRoom/AttachmentNg/51bb7e06-7c45-400b-b79b-bb6cb3078186
https://www.globenewswire.com/NewsRoom/AttachmentNg/4ffa564b-7d87-427d-be14-5036c1f64be8
https://www.globenewswire.com/NewsRoom/AttachmentNg/979f119e-e4f2-4724-8348-133012a8da2d
https://www.globenewswire.com/NewsRoom/AttachmentNg/95f9c23a-efac-4b9c-9fd4-68e8d57af741
Global Uranium Completes Acquisition of Five Uranium Projects in Wyoming, USA
Global Uranium has acquired a total of five projects covering 5,040 acres
https://ca.finance.yahoo.com/news/global-uranium-completes-acquisition-five-120000479.html
Global Uranium
Tue, September 17, 2024 at 5:00 a.m. PDT·1 min read
GURFF
0.00%
VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN) (the “Company”) is pleased to announce that further to its news release dates June 17, 2024, it has closed its previously announced acquisition of a 100% interest in certain Federal unpatented lode mineral claims and Wyoming State mineral leases located in Wyoming, USA (the “Claims”), pursuant to the terms of an asset purchase agreement (the “Purchase Agreement”) with Foster Wilson (the “Vendor”).
In consideration for the Claims, the Company paid to the Vendor US$70,000 and issued to the Vendor 400,000 common shares in the authorized share structure of the Company (the “Consideration Shares”). In accordance with applicable securities laws, the Consideration Shares are subject to a four month and one day hold period. In addition, the Consideration Shares are subject to the following voluntary resale restrictions: one-half of the Consideration Shares being released on the date which is four months following the date of issuance of such Consideration Shares (the “Effective Date”), and the remaining Consideration Shares being released on the date which is eight months following the Effective Date.
About Global Uranium Corp.
Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America. The Company currently holds seven key uranium projects: the Wing Lake Property in the Mudjatik Domain of Northern Saskatchewan, Canada; the Northwest Athabasca Joint Venture with Forum Energy Metals Corp. and NexGen Energy Ltd. in the Northwest Athabasca region of Saskatchewan, Canada; and the Great Divide Basin District Projects, the Gas Hills District Projects, and the Copper Mountain District Projects in Wyoming, USA.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ungad Chadda”
Ungad Chadda
CEO
604-359-1248
info@globaluranium.com
North Shore Uranium Provides Exploration Update
https://www.accesswire.com/918767/north-shore-uranium-provides-exploration-update
Tuesday, 17 September 2024 07:00 AM
VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to provide an update on its exploration activities. The Company holds the Falcon and West Bear properties ("Falcon" and "West Bear") at the eastern margin of the Athabasca Basin in northern Saskatchewan. The two properties are approximately 90 kilometres apart along a southwest-northeast trend (Figure 1).
North Shore is targeting near-surface basement-hosted uranium mineralization at Falcon and basement-and sandstone-hosted mineralization at West Bear that can be associated with basement structures and electromagnetic ("EM") conductor systems. Working with extensive geologic and geophysical datasets, the Company is now prioritizing uranium exploration targets on the two properties in preparation for future field work including potential drill programs. This news release summarizes targeting efforts being undertaken in Zone 1 at Falcon where North Shore discovered near-surface uranium mineralization in two drill holes in early 2024 and has identified 12 exploration targets (Figure 2).
Mine and mill locations, claim data and geologic information from the Saskatchewan database, claim information current on September 3, 2024
Figure 1: Athabasca Basin location map showing North Shore properties.
Mr. Brooke Clements, President and CEO of North Shore stated: "We believe that the eastern margin of the prolilfic Athabasca Basin is a great setting for a major new uranium discovery. Building upon our maiden 2024 Falcon drill program, our target generation work is allowing us to build a quality pipeline of potential drill targets."
FALCON PROPERTY TARGETS
Falcon is located approximately 30 kilometres east of the active Key Lake uranium mill and former mine. Between 1983 and 2002, two deposits at Key Lake produced a total of 209.9 million lbs. of U3O8 at an average grade of over 2.0%1. There is no guarantee that a uranium deposit similar to Key Lake will be discovered on the Falcon Property. The uranium discovery potential at Falcon is significant and includes shallow basement-hosted unconformity-style and pegmatite-hosted mineralization. In early 2024 the Company discovered near-surface uranium mineralization in two drill holes.
Geologic information from the Saskatchewan database, EM conductors from Saskatchewan database and North Shore interpretation. Faults and targets from North Shore interpretation
Figure 2: Map showing Falcon exploration targets and priority zones.
North Shore has divided Falcon into three uranium exploration zones, 1, 2 and 3 (Figure 2). To date, North Shore has identified 36 uranium targets at Falcon with 12 of those being in Zone 1. The targets have been selected based on analysis of multiple datasets including interpretation by Condor North Consulting LLC ("Condor"), Earthfield Technologies Inc., Skyharbour Resources Ltd., TerraLogic Exploration Inc. and North Shore. Following are some of the criteria being used to define and prioritize targets:
EM. Strength, character and orientation of the EM conductor system. EM data from three airborne surveys was analyzed by Condor and single peak and double peak responses were selected from profile lines. EMIT Maxwell software was used to create subsurface models of interpreted conductors from portions of Zones 1 and 2 to optimize placement of drill collars in early 2024. North Shore expects to prepare more Maxwell plate models to assist with prioritizing targets.
Structural Interpretation. Potential faults are selected using airborne magnetic data and interpretation of the geology. Basement-hosted uranium deposits are often fault-controlled.
Gravity and Radiometrics. Airborne gravity-magnetic-radiometric surveys were flown over Falcon in 2022. Higher uranium spectral responses can be indicative of uranium-enriched surface geological features. Gravity lows can be associated with alteration proximal to uranium deposits.
Evaluation of Historical Exploration Datasets. Significant uranium exploration programs were conducted from the late 1960s to the early 1980s and in the 2000s. Data from these programs is publicly available and complements more recent data acquired by the Company.
Initial Focus Area in Zone 1
Within Zone 1, the exploration priority area includes the northeast-southwest trending conductor/structural zone where uranium was discovered by drilling at P03 and P08 (Figure 3). As reported on May 16, 2024, at P03, a zone from 196.6 to 209.0m included an interpreted brittle fault zone with graphite-rich fault gouge and two samples that returned 345 and 378 ppm U3O8. At P08, a 4.7m interval between 42.3-47.0m returned 316 ppm U3O8 including one sample with 572 ppm U3O8. Also at P08, a brittle, altered pegmatitic and graphitic fault zone was intersected between 102.3-105.5m, the modelled depth of the EM conductor.
Figure 3. Falcon priority area where uranium mineralization was discovered by North Shore in 2024 at drill targets P03 and P08. EM and structural interpretation by Condor; single- and double-peak responses picked from survey profile lines.
Based on work completed to date the Company has prioritized three target areas in Zone 1 for potential future drilling (Figure 3):
3.0km trend from target FA006 to FA003. This trend includes the new uranium discoveries at P03 and P08 and target F004 where two interpreted faults intersect, and the EM conductor is offset. Using the structural knowledge gained by the drilling and further interpretation of the Maxwell conductor plates, several sites will be selected for potential drilling.
Target FA003. Within the area described above, two prominent parallel northeast-trending EM conductors each change orientation at FA003. A potentially significant structure as defined by a magnetic low also splits into two separate potential subparallel structures. In addition, there is a prominent gravity low anomaly that is entirely land-based and a strong uranium spectral response in the airborne radiometric dataset.
Target FA002. This target is defined by two strong parallel EM conductors and a parallel magnetic low. The conductor system is intersected by an interpreted cross-cutting fault. In addition, just southwest of the target there is an isolated airborne radiometric uranium high.
NEXT STEPS
North Shore will continue prioritizing targets at Falcon in an effort to maximize the chances of success in its next drill program. As currently planned, that drill program would have two components, follow-up drilling along the 3.0 km trend where North Shore discovered near-surface uranium mineralization in early 2024 and the testing of new targets within Zone 1 and potentially elsewhere. Additional updates on the Company's target prioritization efforts will be provided on an ongoing basis.
BACKGROUND INFORMATION
Falcon consists of 15 mineral claims; four of the claims comprising 12,791 hectares are 100 percent-owned by the Company and the remaining 11 claims totaling 42,908 hectares are subject to an option agreement with Skyharbour Resources Ltd. Under the terms of the option agreement, North Shore has the option to earn up to a 100% interest in the 11 claims by completing certain payments, exploration work and other commitments by October 2026.
West Bear consists of five claims totaling 4,511 hectares. Under the terms of an option agreement with Gem Oil Inc., North Shore has the option to earn up to a 100% interest in the five claims by completing certain payments, exploration work and other commitments by April 2024.
ABOUT NORTH SHORE URANIUM
The near-term business objectives of North Shore Uranium are to become a major force in exploration for economic uranium deposits at the eastern margin of Saskatchewan's Athabasca Basin, a tier-one jurisdiction for discovering new mineable high-grade uranium deposits. The Company is working to achieve those objectives by conducting exploration programs at Falcon West Bear and by evaluating opportunities to increase its portfolio of uranium properties.
Footnote 1: Source: Government of Saskatchewan - Mineral Deposit Query (https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/1130).
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value within Falcon; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
SOURCE: North Shore Uranium Ltd.
Basin Uranium Provides Chord Permitting Update
https://www.newsfilecorp.com/release/223142
September 16, 2024 9:00 AM EDT | Source: Basin Uranium
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - BASIN URANIUM CORP. (CSE: NCLR) (CNSX: NCLR.CN) ("Basin Uranium", "Basin" or the "Company") is pleased to provide an update on permitting for the Company's flagship Chord uranium project in South Dakota. The Company has completed its summer field work and associated reporting. In all, six (6) surveys were completed including: wildlife/raptor, vegetation and cultural resource surveys on both State Section 36 and the adjacent USFS lands that are located within our future proposed exploration and development area.
"Completing six important surveys over the past couple months on time and on budget allowed us to significantly advance our permitting plans in South Dakota. We remain committed to environmentally safe and conscious exploration that meets or exceeds the standards currently used across the industry," commented Mike Blady, CEO of Basin Uranium. "We are looking forward to continuing to advance our Chord permitting in a professional and timely manner."
Next steps for the state section include hosting an onsite meeting for interested Tribes and Tribal members (within the next two weeks) to discuss and finalize the cultural resource surveys before submittal to the State Historic Preservation Office (SHPO). The SHPO review of the report and subsequent signoff is expected by the end of October. Upon receiving final signoff from SHPO, the Department of Agriculture and Natural Resources (DANR) will have 30 days to determine the completeness of our report and conduct a site visit. With the permitting process culminating in a public consultation period, a hearing by the South Dakota Board of Minerals, and the paying of an assurance bond. These steps are expected to be completed between Q4/2024 to Q1/2025. The Company continues to work collaboratively with the various administrative and government agencies to achieve the most expedient timeline possible.
About Basin Uranium Corp.
Basin Uranium is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. All five projects have seen extensive historical exploration and located in prospective development areas. The Company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia.
For further information, please contact Mr. Mike Blady or view the Company's filings at www.sedarplus.ca.
On Behalf of the Board of Directors
Mike Blady
Chief Executive Officer
info@basinuranium.ca
604-722-9842
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
FORWARD-LOOKING STATEMENTS:
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation, uncertainties affecting the expected use of proceeds. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
SOURCE: Basin Uranium
Showcase Minerals Completes Phase 1 Exploration on Pontiac Uranium Project in Quebec
https://www.newsfilecorp.com/release/223318
September 13, 2024 4:07 PM EDT | Source: Showcase Minerals Inc.
Calgary, Alberta--(Newsfile Corp. - September 13, 2024) - Showcase Minerals Inc. (CSE: SHOW) (FSE: ZJ0) ("Showcase" or the "Company") is pleased to announce the completion of its Phase 1 exploration program on the Pontiac Uranium Project located in Quebec, Canada. This initial phase was designed to verify historical mineralization, assess exploration targets, and identify new potential areas of interest on the property. The exploration work included ground prospecting, geological mapping, sampling activities, and scintillometer radiometric surveys.
Program Highlights
Historical Sites: Three historical exploration work sites were revisited. High scintillometer readings were observed over an area measuring 230 to 250 meters long and 70 to 90 meters wide, suggesting significant potential for further exploration.
X-Ray Showing 1: This old, stripped area, largely covered by vegetation, revealed scintillometer gamma readings from 15,000 to 20,000 cps (counts per second), with peak readings reaching 55,000 cps at places. The site features a 2 to 3-meter-wide pegmatite outcrop.
X-Ray Showing 2: Located in a historical trench to the south of X-Ray 1, this 2 to 2.2-meter-wide pegmatite revealed surface radioactivity between 5,000 cps and 31,000 cps.
A small outcrop to the southeast of the X-Ray showings with readings between 12,000 to 38,000 cps, where an old drill casing was also discovered.
Northern Radiometric Anomaly: A high radiation showing in the northern area of the western claim block was found, where pegmatite subcrop revealed scintillometer readings between 10,000 and 42,000 cps.
Another area around the northeastern part of the western block was prospected for approximately 360-meter-long and 80-meter-wide outcrops of pegmatite/granite with scintillometer readings of 6,100 cps to 6,600 cps. This area is considered another good target for further exploration in future.
Eastern Property Prospects: Although lacking in historical exploration activity, the eastern part of the property showed favorable geology comprised of pegmatite and granitic outcrops with scintillometer readings in the range of 500 to 6,600 cps, pointing to the need for more detailed future work.
Sampling and Scanning: A total of 37 rock samples (grab and chip) were collected, along with 54 scintillometer scan surface readings from across the property.
"We are very encouraged by the initial findings from our Phase 1 exploration on the Pontiac Uranium Property. The strong scintillometer readings and promising geological indicators across multiple sites reaffirm our belief in the significant potential of this property. These results provide a solid foundation for our next phase of exploration, where we will further delineate these targets and continue to unlock the value of the Pontiac Uranium Project," Kirk Reed, CEO of Showcase Minerals, commented.
Pending the successful results of Phase 1, Showcase plans to proceed with a Phase 2 work program, which will include trenching and stripping operations focused on defined targets for uranium exploration. Phase 2 work will also include further prospecting, geological mapping, and sampling work throughout the property.
Qualified Person
Afzaal Pirzada, P.Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content of this news release.
About Showcase Minerals
Showcase Minerals is a Canadian mineral exploration company holding an option to acquire a 100% interest in the Pontiac Uranium Project, subject to a 2% net smelter returns royalty. The project encompasses 60 mineral claims situated near Fort Coulange in southwestern Quebec.
About the Pontiac Uranium Property
The Pontiac Uranium Property spans approximately 3,461 hectares and is located on NTS sheet 31F15, near Fort Coulange, Quebec. The site benefits from road accessibility via Highway 148 from Ottawa, supported by local infrastructure and a history of successful exploration. The property is situated within the Grenville Province, characterized by various geological formations, including migmatized paragneiss and granitoid intrusions. The uranium-thorium deposit discovered in 1955 is hosted in pegmatite and granite, with mineralization detected in areas up to 0.11% to 1.0% U3O8 and up to 16.0% ThO2.
For further information, investors are encouraged to review the Company's filings available at www.sedarplus.ca.
On Behalf of the Board of Directors
Kirk Reed
CEO, Showcase Minerals
Telephone: 1-800-982-0670
Neither the CSE nor its Market Regulator (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.
Not for distribution to United States newswire services or for dissemination in the United States.
SOURCE: Showcase Minerals Inc.
Prospector Announces Discovery of "Vary" and "Russer" Gold Zones, ML Project. Assays from Vary Zone yield up to 74.96 g/t Au and Russer Zone up to 16.22 g/t Au.
Select sample highlights include:
The newly identified Vary Zone yielded results which include 79.96 g/t Au and 3.05 g/t Au and 3.98% Cu from sheeted quartz veins hosted within porphyritic intrusive rocks.
The newly identified Russer Zone results include 16.22 g/t Au and 16.14 g/t Au hosted in quartz-tourmaline veins within porphyritic intrusive rocks.
Java Area yielded 16.08 g/t Au and 11.55 g/t Au in quartz veins within calc-silicate replaced quartz pebble conglomerate horizons
Rubble Area assay results include 13.42 g/t Au, 1.06 g/t Au and 8.39% Cu, and 2.58% Cu in quartz veins within gossanous and altered porphyritic intrusive rocks.
Cirque Area assayed up to 10.4% Cu and 1.18 g/t Au in a talus boulder consisting of coarse grained to massive pyrrhotite, arsenopyrite, pyrite, and tourmaline.
https://www.newsfilecorp.com/release/223377
September 16, 2024 7:15 AM EDT | Source: Prospector Metals Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") is pleased to report assay results from the 2024 exploration program at the ML Project located approximately 80 km from Dawson City, Yukon Territory.
During the 4-week program, a total of 520 rock grab and chip samples were collected across the property to establish the extent of the surface expression of known zones as well as sample new areas with unknown mineral potential. All assays have now been received. The contents of this news release are focused on Au targets, while highlights of Ag and associated base metal targets will be provided in a subsequent news release.
Key Point Summary
New surface discoveries at the Vary Zone and Russer Zone greatly expand the high-grade gold footprint at ML.
A robust east-west mineralized corridor is developing between the Rubble and Cirque Areas in addition to the northeast-southwest trending structural corridor.
LiDAR and World View 3 datasets have been received and will be analysed over the next several weeks. Results will be released when available.
See Figure 1 map below with new assay results and the broad structural corridor at the ML Project.
"These new surface discoveries greatly expand the high-grade gold footprint at ML", stated Prospector CEO Rob Carpenter. "Our team has successfully identified a major first order structural corridor that is at least 15km long and 2km wide. Now that all our assays have been received, priority drill targeting exercises for 2025 have begun."
2024 ML Field Program
The 2024 field program on the ML property encompassed:
520 rock grab and chip samples and initial geologic and structural mapping.
high-resolution LiDAR:
WorldView-3 remote sensing survey: Processing underway
Samples from the three known intrusive centers have been submitted for whole rock analysis and age dating.
The work was completed to assess multiple known historic prospects across the property, including previously underexplored intrusion hosted targets, to gain an understanding of key structural and lithologic controls on mineralization with a goal of defining future drill targets. Based on the work, the Company noted a series of steeply dipping NNE trending and E-W trending structural corridors that transect the property and appear to be a primary control on mineralization in all rock types.
All assays have been received and results range from below detection up to 79.96 g/t Au and to 10.4% Cu. Two new areas of mineralization have been identified, in addition to adding new high-grade results to existing areas.
Vary Zone - Newly Identified
A total of 68 samples were collected from the Vary Zone. Assay results range from trace to 79.96 g/t Au, and up to 3.98% Cu. Mineralization in the area occurs along the southern margin of a porphyritic intrusive body and consists of intrusive hosted quartz-tourmaline veining with arsenopyrite and chalcopyrite as well as calc-silicate altered limestone with disseminated to fracture controlled arsenopyrite-chalcopyrite.
Russer Zone - Newly Identified
A total of 9 samples were collected from the Russer Zone. Assay results range from trace to 16.22 g/t Au and are associated with strongly anomalous As, Bi, and Te. Mineralization is hosted within sheeted quartz +/-tourmaline veins with coarse grained arsenopyrite mineralization along the northern margin of a large porphyritic intrusive unit.
Java Area
A total of 102 samples were collected from the Java area. Assay results range from trace to 16.08 g/t Au, and up to 2.24% Cu with strongly anomalous As, Bi, Sb, and Te. The Java Trend consists of multiple horizons of calcareous interbedded coarse sandstone and quartz pebble conglomerates replaced by Fe-carbonate, limonite, tremolite, and pyroxene. Mineralization is characterized by disseminated to massive arsenopyrite and lesser chalcopyrite and pyrrhotite associated with late silicification and open space quartz veins. Tourmaline occurs within veins and fractures. Porphyritic intrusive to gabbroic dykes and faults cross-cut the metasedimentary rocks, with NNE-SSW and E-W orientations.
Rubble Area
A total of 58 samples were collected from the Rubble area. Assay results range from trace to 13.46 g/t Au and up to 3.3% Cu with strongly anomalous As, Bi, Sb, and Te. Mineralization on the Rubble trend is hosted within porphyritic intrusive rocks and adjacent calc-silicate altered limestone, at the intersection of WNW-ESE and NNE-SSW trending structural corridors. Multiple orientations of sheeted veins and fractures within the porphyritic intrusive rocks contain tourmaline, arsenopyrite, chalcopyrite, and pyrite. Within the calc-silicate altered limestone, axinite is commonly associated with the arsenopyrite, chalcopyrite, pyrite assemblage, instead of tourmaline.
Cirque Area
Results for 48 samples from the Cirque area have been received to date. Assay results ranged from trace to 23 g/t Au with 17 samples returning > 1g/t Au. The mineralization is hosted within sheeted veins and fractures within a feldspar porphyritic syenite and is associated with strongly anomalous As, Bi, Cu, Sb, and Te. Individual veins range in thickness from mm to 10cm and are associated with disseminated to massive arsenopyrite, chalcopyrite, and pyrite with quartz +/- tourmaline, tremolite, and chlorite. Mineralization appears to be most concentrated near the margin of the intrusion, within a strong ESE - WNW structural corridor.
Bueno Area
Results for 21 samples from the Bueno area have been received to date. Assay results ranged from trace to 34.64 g/t Au with two samples returning >10 g/t Au with strongly anomalous Ag (up to 57.03 g/t Ag), As, Bi, Cu (up to 1.8%), Sb, and Te. The Bueno Trend consists of hornfelsed to calc-silicate altered limestone and metasedimentary rocks cut by a series of steeply dipping NNE trending high angle structures and feldspar porphyry dikes. Mineralization is characterized vein and fracture controlled fine grained arsenopyrite, chalcopyrite and pyrrhotite, as well as disseminated medium to coarse euhedral arsenopyrite.
Other Areas
Anomalous results were also returned from other areas of the ML property with highlights including:
Individual samples up to 5.98 g/t Au associated with quartz-arsenopyrite boulders and massive to disseminated pyrrhotite in calc-silicate altered sedimentary units from the Fishbowl Cirque area.
Samples up to 10.38 g/t Au from strongly altered mafic dike with strongly anomalous Ag, Bi, Pb, Sn, and Te
Samples up to 4.61 g/t Au associated with intrusive hosted quartz-arsenopyrite-chalcopyrite veins in the Anvil area.
Figure 1. 2024 assay results from grab and chip samples at the ML Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1564/223377_e421d52434a848d1_002full.jpg
ML Project Overview
Historical exploration of the ML Project has outlined numerous areas of interest that are loosely defined by a combination of geographic location, host lithology, mineralization type, geochemical signature and/or geophysical response (Figure 1), including intrusion hosted gold (+copper) style, replacement-skarn style, and high-grade vein targets. In addition, there are multiple relatively unexplored mineral occurrences, many of which are high grade gold targets. A total of 117 diamond drill holes have been drilled property wide, testing six property targets. From 2005 to 2008, Dynamite Resources drilled 114 of these holes, with 23 holes at the North Vein Zone (a gold enriched skarn-replacement target) and 71 holes at Skarn Ridge (a gold - copper skarn-replacement target).
The Property hosts numerous other targets of interest which have a variety of intriguing characteristics, such as high-grade rock-soil samples, highly anomalous trench samples, unique geophysical signatures, and large areas of alteration. Additionally, there remain large parts of the property that have received little or no exploration and evaluation. Several of the lesser-known mineralized areas are very attractive targets as they have undergone only cursory assessment by previous operators.
The property has an impressive technical data base which includes property wide airborne geophysics, satellite imagery, extensive soil and rock sampling, prospecting, selective ground geophysics, and diamond drilling (+16,700m over 117 holes). Most of this exploration took place from 2004 to 2008, a period when most drilling was focussed on two specific skarn/replacement type targets: Skarn Ridge (71 drillholes) and North Vein (23 drillholes).
Assay Methodology & QA/QC
The analytical work on the ML project was performed by MSALABS, an internationally recognized analytical services provider, located in Langley, British Columbia. All rock samples were prepared using procedure PRP-910 (Dry, crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method FAS-221 (50g fire assay with AAS finish) and IMS-230 (0.25g, 4-acid digest and ICP-MS analysis). Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn were reanalyzed using method ICF-6 (0.2g, 4-acid digest and ore grade ICP-AES analysis).
The reported work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream. The Qualified Person has reviewed the data and detected no QA/QC issues.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo. Advisor to Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").
About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of the Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Tier-1 mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all stakeholders.
On behalf of the Board of Directors,
Prospector Metals Corp.
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Dr. Rob Carpenter at 604-354-6415 or by email at info@prospectormetalscorp.com.
Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit: discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances necessary to carry out the Company's exploration plans and risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Prospector Metals Corp.
Golden Cariboo Initiates Mobile Metal Ion (MMI) Soil Sampling at Halo Zone New Discovery Area
https://thenewswire.com/press-releases/1kx7FOO93-golden-cariboo-initiates-mobile-metal-ion-mmi-soil-sampling-at-halo-zone-new-discovery-area.html
September 17, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) wishes to announce the mobilization of field crews to the Quesnelle Gold Quartz Mine property to undertake a Mobile Metal Ion (MMI) soil geochemistry survey. MMI is a methodology of soil geochemistry which is known to be capable of detecting buried mineral deposits (see SGS website for further information).
An approximately 12 line kilometer survey is planned to cover the area surrounding the Halo zone discovery which recently drilled 136.51 m of 1.46 g/t gold near surface (see News Release dated September 10, 2024), as well as the areas surrounding the North Hixon zone and the historic Quesnelle Quartz Mine. The purpose of the survey is to help delineate the northwest-trends of gold mineralization from these zones, as well as to test for further parallel trends on the property.
David Mark, P.Geo., Principal of Geotronics Consulting Inc. commented “MMI is an advanced soil sampling technique that has the ability to work in areas with a variety of soil types and at-depth targets, which makes this an ideal method to advance exploration on the Quesnelle Gold Quartz Mine property. Using MMI can be effective in both delineating areas of known mineralization as well as generating targets at the property-scale”.
The technical information in this news release has been reviewed by Dr. Sarah Palmer, P.Geo., a qualified person with respect to NI 43-101.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is almost fully encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Project includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities. Hixon Creek, which dissects the old workings, is a placer creek which has seen small-scale placer production since the mid 1860s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Tel: 604-682-2928
VISIT OUR WEBSITE FOR MORE DETAILS
www.goldencariboo.com
LIKE AND FOLLOW
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Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding; the expectation that the Company will receive all necessary exemptions and approvals to complete the Offering; the expectation that the Company will complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property; and the anticipated participation of the insider in the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will receive all necessary exemptions and approvals to complete the Offering; that the Company will complete the Offering on the terms disclosed, or at all; that the proceeds will be used for property exploration and for general working capital; that the Company will have the resources required to proceed with its exploration plans; that the Company will not run into regulatory or other barriers in carrying out its business plans; that the insider will participate in the Offering, on the terms and conditions and in the amount currently expected by management; and that the Company will be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis anticipated.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Company will not receive the necessary exemptions and approvals to complete the Offering; that the Company will not complete the Offering on the terms disclosed, or at all; that the Company will be unable to use the proceeds for property exploration and for general working capital; that the Company may incur unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s operations could be adversely affected by possible future government legislation policies and controls or by changes in applicable laws and regulations; that the insider may not participate in the Offering on the terms and conditions and in the amount currently expected by management, or at all; and that the Company may not be able to rely on the exemption from the formal valuation and minority shareholder approval requirements on the basis currently expected. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release.
The forward-looking statements herein speak only as of the date they were originally made. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
NEW GOLD ANNOUNCES CONTINUED GROWTH AT NEW AFTON'S K-ZONE AND HW ZONE
Highlights the Upside Potential from Multiple High-Grade Copper-Gold Porphyry Zones in the Eastern Sector of the Mine
https://www.prnewswire.com/news-releases/new-gold-announces-continued-growth-at-new-aftons-k-zone-and-hw-zone-302248476.html
New Gold Inc. Sep 16, 2024, 06:30 ET
TORONTO, Sept. 16, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD)
NEW GOLD ANNOUNCES CONTINUED GROWTH AT NEW AFTON'S K-ZONE AND HW ZONE
Highlights the Upside Potential from Multiple High-Grade Copper-Gold Porphyry Zones in the Eastern Sector of the Mine
https://www.prnewswire.com/news-releases/new-gold-announces-continued-growth-at-new-aftons-k-zone-and-hw-zone-302248476.html
New Gold Inc. Sep 16, 2024, 06:30 ET
TORONTO, Sept. 16, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD)
NEW GOLD ANNOUNCES CONTINUED GROWTH AT NEW AFTON'S K-ZONE AND HW ZONE
Highlights the Upside Potential from Multiple High-Grade Copper-Gold Porphyry Zones in the Eastern Sector of the Mine
https://www.prnewswire.com/news-releases/new-gold-announces-continued-growth-at-new-aftons-k-zone-and-hw-zone-302248476.html
New Gold Inc. Sep 16, 2024, 06:30 ET
TORONTO, Sept. 16, 2024 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD)
SolGold Announces Company Update
https://www.accesswire.com/918314/solgold-plc-announces-company-update
Monday, 16 September 2024 02:30 AM
BISHOPSGATE, LONDON / ACCESSWIRE / September 16, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) is pleased to provide an update on its 100% owned Cascabel Project ("Cascabel" or "Project"), regional exploration projects, and additional strategic initiatives.
Highlights
SolGold is making significant progress across its portfolio:
Building on SolGold's previous efforts, preparations for the geotechnical program at Cascabel's Tailings Storage Facility ("TSF") are progressing, with drilling locations and depths established. In recent weeks, scouting efforts have been completed evaluating current operating conditions and access routes, ensuring readiness for the planned mobilization of drill rigs in the fourth quarter of 2024.
Assay results from the soil samples taken at the Cielito Norte target within the Blanca Nieves project in the first half of 2024 have been received and are undergoing detailed analysis to further understand the mineral potential at this highly prospective target. Cielito Norte covers approximately 6 km2 of variable altered and mineralised intrusive and volcanic rocks hosting previously reported high gold grade quartz veins indicative of a significant intrusive related copper and gold system located approximately 8 km north-northwest of Cascabel.1,2
SolGold is entering the consultation phase of permitting for the Porvenir Project ("Porvenir"), an essential part of Ecuador's permitting process to enhance community engagement and regulatory compliance. The Company completed the first stage of the permitting process in July, obtaining the advanced exploration permit for Porvenir from the Ministry of Energy and Mines. The successful completion of the consultation process, application submission, and the Ministry of Environment's approval are required for the issuance of the environmental license necessary to enable any potential future drilling activities at Porvenir.
Cascabel Project Update
In August and September, SolGold hosted site visits from Knight Piésold Pty Ltd (Australia and Peru), SRK Consulting (Canada) Inc., Sedgman Canada Ltd and other consultants. These industry experts, specializing in areas such as Block Caving, Geotechnical Studies, Mining, Geology, Mineral Processing, Metallurgy, TSF, Civil Engineering, Permitting, Environmental, Social, and Governance, engaged with senior management to review and refine Project development strategies, and identify opportunities for improvement in the recent Pre-feasibility Study outcomes for Cascabel.3,4
To accelerate Project de-risking, SolGold has issued tenders to several internationally recognized consulting firms. These contracts, once assigned, will contribute to advancing the Project to the feasibility study phase.
The Company has renewed option agreements with land and concession owners in areas identified as potential infrastructure zones for the Project's development that were due to expire earlier this year.
Exploration Update
Developments at the Cielito Norte Target in Blanca Nieves, 8 km north-northwest of Cascabel:
Geological Setting: The Cielito Norte target is strategically positioned between two key vein systems: the northeast-southwest El-Cielito vein system to the south and the northwest-southeast La Florida vein system to the east. This unique geological setting enhances the prospectivity of the area. The vein systems are interpreted to lie on the margins of a significant porphyry target.1,2
High-Grade Gold Occurrences: Bonanza gold grades have been identified within quartz veins at El Cielito, occurring at elevations between 1,000 and 1,150 metres above sea level and La Florida, between 1,200 and 1,250 metres above sea level. These findings indicate a consistent and significant level of gold deposition across the target area, reinforcing the potential for high-value mineralization and the potential for a targeted porphyry system at depth. 1,2
Extensive Geochemical Anomalies: A comprehensive soil grid covering an area of 3.4 km by 1.8 km was completed at Cielito Norte, yielding 566 soil samples. The results revealed a broad argillic alteration zone with notable anomalies in gold (Au), silver (Ag), antimony (Sb), arsenic (As), and mercury (Hg), predominantly between 1,300 and 1,700 meters above sea level. This extensive geochemical footprint underscores the robustness of the mineralized system.
Future Area Exploration Work: The soil anomalies at Cielito Norte, located at the side of and topographically at a higher elevation than the well-documented Au-Ag quartz veins, indicate a highly prospective zone to have a well-preserved mineralized system with the potential for hosting higher-grade epithermal Au-Ag mineralization for a vertical extent of at least 250 meters. The presence of high-grade gold values supports the rationale for exploration efforts that focus on delineating the vertical and lateral extents of these promising mineralized systems and potential related porphyry systems. 1,2
Corporate Governance
As part of SolGold's commitment to strong corporate governance, Director and Audit & Risk Committee Chair Charles Joseland, Director and Audit & Risk Committee member María Amparo Albán, Director John Liu, and Director and CEO Scott Caldwell accompanied SolGold's corporate advisors on a visit to the Cascabel site and attended meetings at the Company's office in Quito. The visit and meetings in September were integral to a comprehensive review of the Company's governance, highlighting SolGold's dedication to transparency and rigorous oversight.
Strategic Conferences and Industry Engagement
In September, SolGold is participating in key industry conferences, including the Denver Gold Forum and Beaver Creek Precious Metals Summit, followed by the CGES 2024: Colombia mining conference in October. These events offer opportunities to present the Company's recent technical and financial achievements and strengthen relationships with current and prospective shareholders and industry stakeholders. Management looks forward to engaging in strategic discussions to advance SolGold's objectives further.
Looking Ahead
As SolGold continues to advance its strategic objectives, the management team is focusing on several key initiatives designed to drive progress and enhance shareholder value:
Mobilization of Drill Rigs: Preparations are underway for the mobilization of drill rigs for geotechnical work at Cascabel, scheduled to begin in Q4 2024. This phase is critical for ensuring the structural integrity of the proposed infrastructure and tailings storage facilities.
Porvenir Permitting: The Company expects to complete the consultation phase for the Porvenir Project during calendar Q4 2024, followed by the submission of the application to the Ministry of Environment in calendar Q1 2025.
Expansion of the Project Team: Continuing the efforts outlined last month, SolGold is in the process of expanding its Project team with strategic hires and consultants, bringing expertise in civil engineering, environmental management, and community relations. These efforts are poised to enhance our Project execution capabilities as we gear up for critical phases ahead.
Enhanced Community Engagement: Plans are in progress to launch a series of community engagement initiatives aimed at ensuring the sustainable development of our projects. These initiatives include educational programs, local workforce training, and health and safety campaigns.
Strategic Exploration Planning: Leveraging the encouraging outcomes from the El Cielito and La Florida vein systems and at the Cielito Norte target, the team is drafting a detailed exploration program to investigate the vertical and lateral extents of these mineralized zones. The proposed program may include expanded soil sampling efforts in the La Florida area and incorporate Induced Polarization (IP) geophysics to trace the continuity of identified anomalies and structures, and a magnetic survey over selected parts of the area to complement an existing partial magnetic survey over Blanca Nieves. It is anticipated that integrative mapping of these data would equip our geological team with a more comprehensive understanding of the prospect's potential.
As SolGold advances and de-risks the Cascabel Project, Management remains focused on delivering results through diligent planning and responsible management, with our established commitment to excellence in environmental, social, and governance practices at the core. The Company anticipates sharing additional updates as the Board and Management advance SolGold's initiatives.
Endnotes
1. Refer to news release dated 05 December 2023 on Sedar+ and the Company's website. Link: 2023-12-05 Release
2. Refer to news release dated 19 March 2024 on Sedar+ and the Company's website. Link: 2024-03-19 Release
3. Refer to news release dated 16 February 2024 on Sedar+ and the Company's website. Link: 2024-02-16 Release
4. Refer to news release dated 12 March 2024 on Sedar+ and the Company's website. Link: 2024-03-12 Release
About SolGold SolGold is a leading exploration company focused on the discovery and definition of world-class copper-gold deposits. The company holds a portfolio of exploration projects in Ecuador. SolGold's primary objective is to discover and develop ecological copper and gold deposits through a disciplined exploration approach led by an experienced management team.
Qualified Person:
Above information relating to the exploration results is based on data reviewed by Mr. Santiago Vaca (M.Sc. P.Geo.). Mr. Vaca joined SolGold in 2014 as Chief Geologist for the Cascabel project and is an Ecuadorian geologist with over 19 years of experience in mineral Exploration and research. Mr. Vaca holds a Professional Geoscientist Certification (P.Geo) granted by the Association of Professional Engineers and Geoscientists of Alberta (APEGA) in Canada and is a Qualified Person for the purposes of the relevant LSE and TSX Rules. Mr. Vaca consents to the inclusion of the information in the form and context in which it appears.
CONTACTS
Chris Robinson
Director of Corporate Operations
& Communications
Tel: +44 (0) 20 3807 6996
Tavistock (Media)
Jos Simson/Gareth Tredway
Tel: +44 (0) 20 7920 3150
ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information. Follow us on X @SolGold_plc.
CAUTIONARY NOTICE
News releases, presentations and public commentary made by SolGold plc (the "Company") and its Officers may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors, including the plan for developing the Project currently being studied as well as the expectations of the Company as to the forward price of copper. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of the TSX and LSE or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may reinterpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.
This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, risks relating to the ability of exploration activities (including assay results) to accurately predict mineralization; errors in management's geological modelling and/or mine development plan; capital and operating costs varying significantly from estimates; the preliminary nature of visual assessments; delays in obtaining or failures to obtain required governmental, environmental or other required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further exploration activities, including drilling; delays in the development of projects; environmental risks; community and non-governmental actions; other risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and those risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.
Quality Assurance / Quality Control on Sample Collection, Security and Assaying
SolGold operates according to its rigorous Quality Assurance and Quality Control (QA/QC) protocol, which is consistent with industry best practices.
Primary sample collection involves secure transport from SolGold's concessions in Ecuador, to the ALS certified sample preparation facility in Quito, Ecuador. Samples are then air freighted from Quito to the ALS certified laboratory in Lima, Peru where the assaying of drill core, channel samples, rock chips and soil samples is undertaken. SolGold utilises ALS certified laboratories in Canada and Australia for the analysis of metallurgical samples.
Samples are prepared and analysed using 100g 4-Acid digest ICP with MS finish for 48 elements on a 0.25g aliquot (ME-MS61). Laboratory performance is routinely monitored using umpire assays, check batches and inter-laboratory comparisons between ALS certified laboratory in Lima and the ACME certified laboratory in Cuenca, Ecuador.
In order to monitor the ongoing quality of its analytical database, SolGold's QA/QC protocol encompasses standard sampling methodologies, including the insertion of certified powder blanks, coarse chip blanks, standards, pulp duplicates and field duplicates. The blanks and standards are Certified Reference Materials supplied by Ore Research and Exploration, Australia.
SolGold's QA/QC protocol also monitors the ongoing quality of its analytical database. The Company's protocol involves Independent data validation of the digital analytical database including search for sample overlaps, duplicate or absent samples as well as anomalous assay and survey results. These are routinely performed ahead of Mineral Resource Estimates and Feasibility Studies. No material QA/QC issues have been identified with respect to sample collection, security and assaying.
Reviews of the sample preparation, chain of custody, data security procedures and assaying methods used by SolGold confirm that they are consistent with industry best practices and all results stated in this announcement have passed SolGold's QA/QC protocol.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: SolGold PLC
Trailbreaker Defines a 10 Km Copper-In-Soil Anomaly and Assays 23.71% Copper in Rock Sample at Liberty Property
https://ca.finance.yahoo.com/news/trailbreaker-defines-10-km-copper-114500732.html
Trailbreaker Resources Ltd.
Mon, September 16, 2024 at 4:45 a.m. PDT·6 min read
APRAF
+6.31%
VANCOUVER, British Columbia, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the results from surface sampling at the Liberty Property, central British Columbia (BC). Soil sampling defined a property-scale (~10 km in length and up to 1.8 km wide) arc shaped, copper (Cu)-in-soil anomaly (Figure 1). Prospecting near the southwestern extent of the soil anomaly resulted in rock samples assaying up to 15.62% Cu (float grab sample) and 23.71% Cu (subcrop grab sample). A continuous chip sample near these rock samples assayed 2.15% Cu over 3.0 m.
Subsequent to completion of the surface program, additional claims totalling 1,841 hectors were staked to the southwest to cover the open-ended soil anomaly and the strike extent of the high-grade copper mineralization. Results from this surface program are being utilized in the preparation and design of a new area-based permit application for Liberty, which will allow for advanced exploration beyond the limited area drilled in the spring.
Message from the President
“This surface program has demonstrated that there is a very large area of prospective geological setting at Liberty. It is clear that the drilling conducted in the spring tested only a small area within this large anomaly. High grade copper values from sampling provide further evidence of the potential for high-grade zones within the mineralized system. Results to date at Liberty show many similarities to early exploration results at the Gibraltar Mine, where a large low-grade copper – molybdenum (Cu-Mo) system is accentuated by zones of high-grade Cu-Mo mineralization.” -Daithi Mac Gearailt
High-Grade Copper
Prospecting in the southwestern portion of the property returned numerous rock samples with >1% Cu. including 23.71% Cu from a malachite vein striking 140° - 320° (Figure 2). This area displays iron-carbonate, talc, and actinolite alteration along the contact between ultramafic rocks to the northeast and an argillite unit to the southwest. This contact was also identified in outcrop 900 m to the northwest, with similar iron-carbonate alteration and elevated Cu values (up to 0.23% Cu in float around the contact). The Cu-in-soil anomaly is particularly strong along this contact and extends to the northeast, with an average width of 1.8 km.
The malachite mineralization in the southwest Liberty property area shares similarities with the highest-grade mineralization encountered from the Spring, 2024 drilling which returned 34.2 m* of 0.47% Copper Equivalent** (CuEq), including 5.9 m of 2.02% CuEq, in hole LIB24-003. The high-grade mineralization in LIB24-003 is located along the contact of a granodiorite intrusion with ultramafic rocks. This high-grade interval is part of a wider interval of mineralized granodiorite (194.3 m of 0.16% CuEq). In the southwestern area, where the high-grade malachite was sampled, mineralization also occurs along the contact of ultramafic rocks with the argillite unit, which display similar iron-carbonate, talc and actinolite alteration. This near-surface high-grade mineralization may be associated with a mineralized intrusion, similar to that encountered in drilling.
Contoured Cu-in-soil data across the Liberty property, highlighting the extensive property scale area of high mineral potential. High-grade Cu-bearing grab and chip samples in the southwestern area occur along a structural break (dashed lines are inferred faults are based on regional magnetic data) between ultramafic rocks to the northeast and argillites to the southwest. Wetland conditions defined by areas of deeper organic material and of high, near-surface groundwater content are outlined in the central and northern portions of the surveyed area. These soil conditions may result in locally subdued geochemical responses.
Figure 1: Contoured Cu-in-soil data across the Liberty property, highlighting the extensive property scale area of high mineral potential. High-grade Cu-bearing grab and chip samples in the southwestern area occur along a structural break (dashed lines are inferred faults are based on regional magnetic data) between ultramafic rocks to the northeast and argillites to the southwest. Wetland conditions defined by areas of deeper organic material and of high, near-surface groundwater content are outlined in the central and northern portions of the surveyed area. These soil conditions may result in locally subdued geochemical responses.
* Reported widths are drill width. Not enough geological information exists at this point to define true width. However, vein- hosted copper and molybdenum mineralization commonly occurs at high angles to core axis.
** Copper Equivalent formula used is:
CuEq = Cu grade in % + (Mo grade in % * (Mo recovery/Cu recovery) * (Mo price/lb*2200 lb) / (Cu price /lb*2200 lb) using copper price of US$3.75/lb and molybdenum price of US$25/lb. 100% metallurgical recoveries are assumed for both metals.
Photos of malachite mineralization along the contact between argillites and ultramafic rocks. Left: Grab sample from subcrop 1879956 assayed 23.71% Cu. Right: Grab sample from float 3831604 (~60 m southeast of sample 1879956) assayed 15.62% Cu.
Figure 2: Photos of malachite mineralization along the contact between argillites and ultramafic rocks. Left: Grab sample from subcrop 1879956 assayed 23.71% Cu. Right: Grab sample from float 3831604 (~60 m southeast of sample 1879956) assayed 15.62% Cu.
Surface Sampling Program
Soil sampling and prospecting were designed to cover prospective geological and regional structural settings across the entire property. A total of 1,601 soil samples and 47 rock samples were collected. Cu-in-soil values are anomalous through an arcuate zone that transects the center of the property. This zone extends northeast for 4.1 km (~1.8 km width) from the southwestern limit of sampling to the centre of the property. From there, it extends northwest for an additional 6.3 km (~1.0 km width) to the northern property boundary.
This extensive Cu-in-soil is locally coincident with anomalous gold (Au), silver (Ag), molybdenum (Mo), and arsenic (As) values, defining more constrained multi-element soil anomalies. The most significant of these occur in the southwestern area, the area of Spring, 2024 drilling, and the northern area. The multi-element anomalies align well with the highest Cu-in-soil anomalies.
Two areas within the soil survey are marked by wetland conditions, with deeper organic horizons and shallow groundwater levels with water-saturated soil. These areas may cause a subdued geochemical response in soil, as the soil development has occurred in a different environment than elsewhere on the property. They are outlined in Figure 1, and occur in the central and northern boundary areas of the property.
Liberty Property Description
The 6,895-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
Drilling at Liberty has encountered widespread Cu-Mo porphyry-style mineralization at the northeastern margin of a large Cu-in-soil geochemical anomaly. Mineralization is coincident with an Induced Polarization (IP) chargeability feature. However, historic IP surveying covered only a small portion of the much larger geochemical anomaly. Highlights of drill results include: 34.2 m of 0.47% CuEq, including 5.9 m of 2.02% CuEq in LIB24-003; 13.5 m of 0.33% CuEq, including 6.6 m of 0.67% CuEq in LIB24-001; and 6.0 m of 0.45% CuEq and 2.3 m of 0.36% CuEq in LIB24-004.
Prospecting within the southwestern portion of the property-scale geochemical anomaly has defined an area of high-grade copper mineralization, with grab samples assaying up to 23.71% Cu.
For more information on this target see the Liberty Project webpage.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker's BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as "anticipates", "expects", "understanding", "has agreed to" or variations of such words and phrases or statements that certain actions, events or results "would", "occur" or "be achieved". Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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https://www.globenewswire.com/NewsRoom/AttachmentNg/f8bc72b0-f54a-4c57-8f69-9aa7928e1415
Banyan Metallurgy Update with 93% Recovery from Powerline, AurMac Project, Mayo, Yukon
https://www.accesswire.com/918290/banyan-metallurgy-update-with-93-recovery-from-powerline-aurmac-project-mayo-yukon
Monday, 16 September 2024 06:00 AM
VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF)