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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
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.
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
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.
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.
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
EVGUF
0.00%
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.
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
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
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
Instagram, Facebook, X (Twitter), LinkedIn
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)
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.
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e8378c53-1185-41f9-9c58-7b98e593bc25
https://www.globenewswire.com/NewsRoom/AttachmentNg/f8bc72b0-f54a-4c57-8f69-9aa7928e1415
General Copper Gold Reassesses Historical Drill Hole; Additional Samples Submitted for Assay
https://www.newsfilecorp.com/release/223456
September 16, 2024 8:00 AM EDT | Source: General Copper Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - General Copper Gold Corp. (CSE: GGLD) (FSE: 7S50) (OTCQB: GNRGF) (the "Company") is pleased to announce the relogging of a previously drilled holes and infilled samples sent for assay at its Topley Richfield Project in British Columbia.
The decision to re-examine drill hole was made as part of the Company's efforts to maximize exploration data and enhance its understanding of mineralization. New zones of interest were identified during the relogging that were not previously sampled. A total of 156 new samples were taken outboard of previous identified "zones" in favourably altered peripheral shears. Chalcopyrite was noted that was not previously sampled and has been submitted for assay.
Figure 1: Cross section of drill holes from 2022.
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Photo 1: Infilled sampling from hole TR22-03.
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Michael Curtis, President and CEO, commented, "Relogging this hole allowed us to discover zones that may have been overlooked. We are excited to see the results from the 156 new samples and believe this will provide more accurate data to guide future exploration."
The samples have been submitted to ALS Geochemistry-Kamloops for geochemical analysis, with assay results expected soon. These results will help guide the next steps in advancing the Topley Richfield Project, aligning with General Copper Gold's mission of unlocking the full potential of its exploration assets.
Garry Clark, P. Geo., of Clark Exploration Consulting, is the "qualified person" as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
About General Copper Gold Corp.
General Copper Gold Corp. is a junior exploration company focused on discovering and developing copper and gold resources in North America. The Company's flagship Topley Richfield Project is situated in a prolific mining district, with a strategy to deliver shareholder value through systematic exploration.
For further information, please contact:
General Copper Gold Corp.
Michael Curtis, President
T: (604) 639-4452
E: mcurtis@intrepidfinancial.ca
Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the results and exploration of the Topley Richfield mineral property. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
The CSE has in no way passed upon the merits of the proposed transactions and neither has approved nor disapproved the contents of this press release.
SOURCE: General Copper Gold Corp.
Kodiak Expands its MPD Project With Acquisition of Adjacent Aspen Grove Copper-Gold Property
https://kodiakcoppercorp.com/kodiak-expands-its-mpd-project-with-acquisition-of-adjacent-aspen-grove-copper-gold-property/
September 16, 2024
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September 16, 2024 – Vancouver, British Columbia – Kodiak Copper Corp. (the “Company” or “Kodiak”) (TSX-V: KDK, OTCQB: KDKCF, Frankfurt: 5DD1) today announces it has entered into a purchase agreement to acquire a 100% interest in the Aspen Grove Copper-Gold Property (“Aspen Grove”) from Pinwheel Resources Ltd. (“Pinwheel”). Aspen Grove is a large claim package hosting numerous mineral occurrences and drilled copper-gold porphyry targets, similar to those currently being advanced on Kodiak’s 100% owned adjacent MPD Project (“MPD”) in Southern British Columbia.
Aspen Grove Property Highlights
The Aspen Grove acquisition adds significant near-surface, high-grade copper-gold mineralization to MPD, including the Ketchan Discovery, a drill-proven, large porphyry centre located only 4.5 kilometres from Kodiak’s Gate Zone.
The large, 112 square kilometre property is contiguous to, and immediately northwest of Kodiak’s MPD Project, expanding the Company’s land holdings to 338 square kilometres overall. Figure 1
86 holes (15,582 metres) of historic drilling since the 1950’s, with many holes not exceeding 200 metres depth, and one third being shallow percussion holes. Figure 2
18 known mineral occurrences including six with significant porphyry-related copper-gold (+/- silver, molybdenum) mineralization: Ketchan, Par, Zig, Thalia, Thor and Coke
The Ketchan Prospect is a near-surface alkalic porphyry copper-gold system measuring at least 1,800 by 500 metres, as defined by aeromagnetics, geology, rock sampling, induced polarization (IP) and drilling, which is open in most directions. Figure 3
Historic drill results from the Ketchan Prospect include (Figure 2 & 4):
266 metres of 0.26% Cu, 0.11 g/t Au incl.78 metres of 0.50% Cu, 0.15 g/t Au (K15-01)
108 metres of 0.28% Cu, 0.04 g/t Au incl. 26 metres of 1.05% Cu, 0.05 g/t Au (K15-10)
62 metres of 0.46% Cu, 0.10 g/t Au incl. 20 metres of 1.07% Cu, 0.17 g/t Au (K16-06)
72 metres of 0.31% Cu , 0.20 g/t Au (K15-03)
60 metres of 0.36% Cu, 0.15 g/t Au (K16-07)
52 metres of 0.32% Cu, 0.18 g/t Au (K15-04)
The majority of drilling to date focused on Ketchan and Par, with significant upside at other targets having similar geological, geochemical, and geophysical traits as copper-gold zones being advanced by Kodiak at MPD (i.e. Gate and Adit Zones).
Kodiak will benefit from comprehensive recent Aspen Grove exploration data which includes airborne magnetics (2014), 3D IP surveys and modelling (2014-15); plus re-logging, age dating, lithogeochemical and petrographic studies by HPX Exploration and former BCGS geologist James Logan (2020 and 2014).
Claudia Tornquist, President and CEO of Kodiak said, “The acquisition of the contiguous Aspen Grove claims is an excellent strategic fit for Kodiak as we consolidate this prolific district in the Southern Quesnel Terrane. Historic drilling has shown that Aspen Grove hosts several copper-gold porphyry centres, and the new claims add significant potential mineralized inventory at MPD. We are particularly excited about the sizable Ketchan Discovery where historic drilling has outlined high copper and gold grades at shallow depths, less than five kilometres from the Gate Zone. Like MPD, Aspen Grove has the potential for large-scale copper-gold porphyry mineralization and benefits from year-round access and excellent infrastructure.”
Transaction Details
Kodiak has entered into a property purchase agreement with Pinwheel, a private, arms-length, Canadian exploration company to acquire a 100% interest in the Aspen Grove Property, subject to the approval of the TSX-Venture Exchange and other customary conditions. The consideration for Aspen Grove consists of 1,400,000 Kodiak shares upon closing of the transaction.
The Aspen Grove claims are subject to pre-existing net smelter return royalties (“NSR”) of either 2% or 3%, on certain blocks of claims. Kodiak will retain the right to buy back 0.5% or 1% of the NSRs respectively for $2.0 million or $3.0 million prior to publication of a feasibility study.
Figure 1: Location Map, MPD-Aspen Grove Properties, Southern BC
Figure 2: Aspen Grove and MPD Projects with select composite assay intervals reported from historic Aspen Grove drilling. (Background: GSC Airborne Total Field Magnetics)
Figure 3: Ketchan geology showing 1,800 x 500 m Ketchan diorite to monzonite intrusive stock, host to alkalic porphyry Cu-Au system. 2015-16 drilling and 2014 airborne magnetics (TMI) are shown (inset).
(Source: Pinwheel Resources Ltd. / Kaizen Discovery Inc)
Figure 4: Select core from historic drilling at Ketchan Prospect 2015 -2016. Assays on images are over 2 metre sample intervals. (Source: Pinwheel Resources Ltd / Kaizen Discovery Inc)
MPD is a large land package (338 square kilometres with Aspen Grove) located near several operating mines in the southern Quesnel Terrane, British Columbia’s primary copper-gold producing belt. The project is located midway between the towns of Merritt and Princeton, with year-round accessibility and excellent infrastructure nearby.
Jeff Ward, P.Geo, Vice President Exploration and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in this news release. The historic work referenced herein is believed to be from reliable sources using industry standards at the time, based on Kodiak’s review of available documentation. However, the Company has not performed any exploration at Aspen Grove to date or independently validated all historic work, and the reader is cautioned about its accuracy.
On behalf of the Board of Directors
Kodiak Copper Corp.
Claudia Tornquist
President & CEO
For further information contact:
Nancy Curry, VP Corporate Development
ncurry@kodiakcoppercorp.com
+1 (604) 646-8362
About Kodiak Copper Corp.
Kodiak is focused on its 100% owned copper porphyry projects in Canada and the USA that have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits. The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, a mining district with producing mines and excellent infrastructure. MPD has all the hallmarks of a major, multi-centered porphyry system. Kodiak made an initial discovery of a high-grade porphyry centre of significant size at the Gate Zone and has since successfully outlined multiple kilometre-scale mineralized zones across the large MPD property. With more target areas yet to be tested, Kodiak continues to systematically explore the project to build critical mass and demonstrate MPD’s district-scale potential. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
Kodiak’s founder and Chairman is Chris Taylor who is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery Group led by John Robins, one of the most successful mining entrepreneurs in Canada.
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.
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words “anticipate”, “plan”, “continue”, “expect”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “predict”, “potential” and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning the Company’s exploration plans. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with conditions in the equity financing markets, and assumptions and risks regarding receipt of regulatory and shareholder approvals.
Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company’s future operations. The Company’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Sanatana Completes 2024 Drill Program at Oweegee Dome Project in BC's Golden Triangle
Sanatana completes 2,359m drill program in four drill holes.
Two drill holes intersected visible mineralization and alteration, expanding the Delta Zone.
Two drill holes tested the Junction IP anomaly encountered volcanoclastics and mudstones with no clear explanation of the anomaly.
This program fulfills the requirements to complete 6,000 metres of drilling and to spend $6,600,000 under the terms of Sanatana's option agreement with ArcWest.
https://www.newsfilecorp.com/release/223075
September 12, 2024 9:10 AM EDT | Source: Sanatana Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Sanatana Resources Inc. (TSXV: STA) ("Sanatana" or the "Company") has completed its 2024 drill program of 2,359m in four holes at the Oweegee copper-gold porphyry project in Northern BC. Assays are pending and will be reported when received and reviewed.
Sanatana's previous work on the Oweegee property successfully demonstrated that the Company has identified a porphyry copper-gold system. The purpose of the 2024 drill program was to enhance understanding of where the potassic core of the system might lie. The program tested the Junction IP anomaly with two holes (OW24-01 and OW24-02) that did not clearly explain the IP anomaly. Two additional step-out holes were drilled to the northwest of holes drilled in 2022 targeting extensions of known mineralization. The step-out holes (OW24-03 and OW24-04) successfully encountered altered intrusives and indicate stronger alteration to the northwest.
Sanatana has completed the 6,000-metre drilling and $6,600,000 exploration expenditures requirements under its option agreement with ArcWest. In order for Sanatana to earn a 60% interest in the property the Company must pay $300,000 in cash and issue 700,000 common shares to ArcWest before December 31, 2024.
Peter Miles, CEO, commented, "We are encouraged by our 2024 drill program as it has given us valuable vectoring information that will guide future drill programs. We expect that the assay results will provide further guidance. The 2024 program marks our fourth consecutive year at Oweegee Dome and we have achieved the exploration expenditure and drilling commitments that are critical to earning a majority interest in the property. We look forward to forming a joint venture with ArcWest and planning the next phase of exploration."
Expanding the Delta Zone.
Two recent drill holes have tested a geological concept in the Delta Zone, revealing mineralized altered intrusions and intrusion breccia. This work has expanded the known mineralized area and enhanced our understanding of the geological system. Assay results will provide crucial information to guide future drilling toward the high-grade centre of the porphyry.
Drill holes OW24-03 and OW24-04 collared 200m north-west of OW22-08 (the most mineralized hole drilled in 2022) and designed to test if this system extended in that direction (see Figures 2 and 3 below).
Drill hole OW24-03 drilled to the southeast towards OW 22-08 at -500 dip, intersected mineralized intrusive from surface and exited into to Stuhini mudstones and volcanics at 384.5m, encountering different intrusive phases mostly breccias interspersed with rafts of mudstones. The intrusives were variably altered and mineralized, with porphyry-style veining (see Figure 1).
Drill hole OW24-04 drilled from the same collar, also to the SE but at a steeper -750 dip, also encountered up to four separate intrusive phases, the majority brecciated, also with strong pervasive, texture destroying alteration and porphyry-style veins. The hole exited the intrusive into mudstone at 308m.
In both holes, the intensity of alteration varied among invasive units. However, where alteration was strong, it exceeded levels observed in 2022, with increased potassium feldspar flooding and new biotite alteration evident in both floods and veins. These findings suggest the program is approaching the centre of the porphyry system which lies north and west.
Assays are awaited and these will be used to confirm the observations made above from logging the drill core.
Figure 1 - Photo of Core from OW24-03; 300m depth. Diorite cemented breccia with relic potassic altered clasts which contain disseminated and blebby chalcopyrite and lesser pyrite with strong, pervasive sericite-pyrite replacement overprint.
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Figure 2 - Cross-section through A-A' as shown on plan view (Figure 3) looking northwest. Drill traces shown with lithology along with topography (scale on bottom left). Yellow arrow shows direction of increasing alteration as demonstrated by this drilling. Pinks and reds show intrusion, other colours are Stuhini sediments and volcanics.
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Figure 3 - Plan view of 2024 drill holes OW24-03 and OW24-04 along with the most mineralization from 2022 (OW22-08 and OW22-09). A-A' gives section in Figure 2. Yellow arrow shows direction of increasing alteration as demonstrated by this drilling.
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Testing the Junction IP Anomaly
The 2022 drilling demonstrated that the exploration program had located a porphyry copper system and in 2023 the Company expanded the IP (induced polarization) survey to locate the centre of this system. The survey identified a number of chargeability anomalies, the strongest and largest of these was named the Junction anomaly located to the south of drill hole OW22-08. Drill testing this target was one of the primary objectives of the 2024 drill program.
Drill hole OW24-01 drilled 1.2km south of OW22-08 was designed to test the southern portion of the Junction IP anomaly and collared into Stuhini mudstone. The hole remained in this unit intercalated with sediments, ash and lesser volcanoclastics to the end of the hole.
Drill hole OW24-02 drilled 625m south of OW22-08 was designed to test the northern part of the Junction IP anomaly and also collared into Stuhini mudstones. This hole exited the mudstones into a more volcanic dominated unit from 298m to 822m that showed propylitic alteration before exiting back into mudstone dominated units.
The Company geologists report no obvious changes in geology to explain the IP anomaly. Samples have been sent for petrophysical testing to measure chargeability. The IP method detects the electric properties of the rock which can often be associated with disseminated sulphides but can also be related to clays and or brines caught in pore spaces, and other causes. We will review and refine the IP model once the petrophysical results are received. The fact that the Junction IP anomaly was not caused by porphyry-style mineralization does not rule out that the other anomalies present in the survey might be caused by porphyry-style mineralization however it will be necessary to seek other layers of evidence before drill testing.
Drill hole locations
Table 1 and Figure 4 show the 2024 drill holes locations.
Table 1. Drill hole Location NAD83 Zone 9, with other hole parameters.
Drill hole Easting Northing Total depth Elevation Azimuth Dip
OW24-01 468873 6272685 606m 1189m 3550 -700
OW24-02 468935 6273309 927m 1394m 0500 -700
OW24-03 468397 6274050 453m 1635m 1200 -500
OW24-04 468397 6274050 373.3m 1635m 1200 -750
Figure 4 - Plan view of 2024 drilling. 2,359 m were drilled in four holes. Sanatana drilled 6,038 m in 16 holes in 2022 and 2024.
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Qualified Person
The technical information in this news release was prepared under the supervision of Buddy Doyle B. App. Sc. Geology, FAUSIMM who has reviewed and approved the contents. Mr. Doyle is a Qualified Person for the purposes of National Instrument 43-101 -Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information disclosed in this news release.
About the Company
Sanatana Resources Inc. is a mineral exploration and development company with an experienced management team and board of directors. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX-V: STA).
Sanatana's principal project is the Oweegee Dome copper-gold porphyry property which the Company optioned from ArcWest Exploration Inc. (see the Company's news release dated July 21, 2021). The Oweegee Dome copper-gold porphyry property is situated 40 km east of the KSM - Brucejack -Treaty Creek cluster of base and precious metal deposits and is underlain by similar geologic conditions, Stuhini Group (Tiassic age) host rocks, intrusions of the right age, alteration and porphyry style copper - gold - silver - molybdenite mineralization.
SANATANA RESOURCES INC.
(signed) "Peter Miles"
Peter Miles
Chief Executive Officer
For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.
To be added to the email distribution list, please email ir@sanatanaresources.com with "Sanatana" in the subject line.
Cautionary Statement Regarding "Forward-Looking" Information
Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements related to the fourth tranche of the Private Placement, the use of funds, and stock exchange approval for the overallotment.
Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control including, but not limited to, regulatory approval for the Warrant Extension. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sanatana Resources Inc.
Omineca Commences Lode Gold Drilling Program at Wingdam
https://www.newswire.ca/news-releases/omineca-commences-lode-gold-drilling-program-at-wingdam-826534361.html
Omineca Mining and Metals Ltd. Sep 13, 2024, 08:30 ET
SASKATOON, SK, Sept. 13, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased to outline the fall lode gold exploration program located in the Cariboo Mining District in south central British Columbia. The exploration program is aimed at locating the hard rock source of the rich underground paleoplacer gold found beneath Lightning Creek at Omineca's separate Wingdam underground placer joint venture project (see recent JV update news release Sept 6, 2024). From previous year's groundwork and drilling, this year's focus has narrowed substantially to a linear corridor along the NW striking Eureka Thrust Fault, which is importantly located downstream of the current underground placer workings at Wingdam. The 2024 Phase 1 drill program consisting of approximately 3,000 meters in 8 diamond drill holes has now been initiated. The drill rig has been mobilized to site with road access and drill pad construction currently underway. The Company will announce further details and updates once drilling commences.
Omineca has re-engaged TerraLogic Exploration of Cranbrook, BC to manage the exploration and drilling programs for this year. Groundwork prospecting and 288 line kilometers of high-resolution drone magnetic surveying, including interpretations and analysis, has been completed. The drone survey was flown at tree top level along tightly spaced lines over a focused 2km x 1km area covering the shear zone along the Eureka Thrust Fault.
Management believes the reason discovery of a load source has been illusive is due to the presumed depth of the gold system. The gold mineralizing system may actually lie closer to the elevation of the placer gold enriched paleochannel floor. The proximal relationship is potentially analogous to the Shaft and Valley Zones which were drilled up to 300 meters below the valley floor elevation at Barkerville Gold Mines approximately 33 kilometers east of Wingdam. The lode gold system may have been only briefly eroded into the paleochannel by an interglacial stream before being covered by glacial sediments and other sediments during postglacial mass wasting events at which time the creek valley floor rose to its current elevation 50 meters above the paleochannel bedrock floor.
For this year's program, Omineca has selected drill pad locations nearer to the bottom of the Lightning Creek Valley (rather than higher elevations along mountain or hill side locations) bringing the drill rig several hundred meters lower in elevation and closer to any potential lode deposit system proximal to the paleochannel floor.
2024 Focus Downstream of the Wingdam Placer Deposit
Omineca first tested upstream, as is standard practice with placer source exploration, but has always entertained the idea that the source may be downstream of the current placer gold emplacement. This year's groundwork, along with previous exploration and drilling, corroborates the idea of the placer gold possibly being transported to the current upstream location though a combination of historic stream capture and flow reversal along with the movement of glacially transported sediments in a direction opposite to the current flow of water along Lightning Creek. The 2024 drill pad locations have been targeted downstream of known underground placer gold enrichment at Wingdam as well as at lower elevations than drilled in previous programs.
Area of Focus on Trend with the Eureka Shear Zone
Rock sampling and drilling results from previous years show a linear trend of gold mineralization adjacent to and possibly affiliated with the NW trending Eureka Fault shear zone, which is just downstream from the rich underground Wingdam placer gold occurrences. The Eureka Thrust Fault lies on the western limb of the Lightning Creek anticline, which exhibits a significant zone of fault transpression (strike-slip deformation) and dilation structures. The structures further support the potential for a traditional hydrothermal orogenic gold system similar to that on the opposite (eastern) limb of the Lightning Creek anticline at Osisko Development's Barkerville Gold Project located 33 km east of Wingdam. Historic placer gold exploration drilling also supports this idea with gold mineralization in sulphides reported in the bedrock beneath the gold bearing paleochannel a short distance downstream from the Wingdam location and directly on strike with Omineca's recently defined mineralized trend along the fault. Additionally, Omineca's drill holes closest to the Eureka Thrust Fault have shown the highest anomalous gold values which further supports the thesis that the lode source or sources are potentially affiliated with the fault.
Qualified Person
All scientific and technical information in this news release has been prepared by, or approved by Stephen Kocsis, P.Geo., Lead Geologist. Mr. Kocsis is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold exploration and placer recovery projects are located along the Barkerville Highway 45 km east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kilometers of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond drill program currently underway exploring for the potential multiple hard rock sources of the placer gold at Wingdam.
Forward Looking Statements
This release includes forward-looking statements regarding Omineca and its business. Such statements are based on the current expectations and views of future events of Omineca's management. In some cases, the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to secure TSX Venture Exchange of the grant of options and many other factors beyond the control of Omineca. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Omineca undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Omineca Mining and Metals Ltd.
For further information, please contact: Tom MacNeill, President and CEO, 306-653-2692
ETRUSCUS COMMENCES EXPLORATION PROGRAM AT ROCK & ROLL PROPERTY IN GOLDEN TRIANGLE
https://www.newswire.ca/news-releases/etruscus-commences-exploration-program-at-rock-amp-roll-property-in-golden-triangle-811495736.html
Etruscus Resources Corp. Sep 11, 2024, 08:00 ET
VANCOUVER, BC, Sept. 11, 2024 /CNW/ - Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE: ERR) (the "Company" or "Etruscus") announces the commencement of its 2024 exploration program (the "Program") at the Company's Rock & Roll Property located in the prolific Golden Triangle in Northwestern British Columbia, Canada. The Company also announces it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Financing", see News Release July 25, 2024), subject to final CSE Exchange approval.
Map of Discovery Showing and Chargeability Anomaly with planned IP lines (CNW Group/Etruscus Resources Corp.)
Map of Etruscus’ Rock & Roll Property with Surrounding Companies (CNW Group/Etruscus Resources Corp.)
Etruscus' CEO, Fiore Aliperti, commented, "Despite having a robust project in one of the world's most promising and exciting jurisdictions, the market continues to remind us of the importance of being diligent with our funds and exploration budgets. We must also remain responsible with the timing of our financings to protect our shareholders and mitigate excess dilution. Against the challenge of raising capital, we are encouraged by the unwavering support of our existing shareholders, who, as always, share our goal of discovery in the Golden Triangle."
He went on to add, "Our primary focus for this program will be on the Discovery target with a goal of significantly expanding its size with an extended geophysical survey to the east of the open anomaly. This will help delineate a location for future drill programs with the best chance of success. We are also excited about our initial exploration for rare earth elements on the Pheno claims. These underexplored claims not only provide opportunity for critical metals but also provide potential for new alkalic porphyries, like the Galore Creek deposit located 25 km to the northwest owned by Teck and Newmont.
Program Details
The 2024 field program will focus on the Discovery Target with an Induced Polarization survey planned to the east of the previous survey completed in 2022. (See map below) This survey will expand on the existing 600 m chargeability anomaly with 4 more lines that will bring the total surveyed area to 1.1 km (16.5-line km) and fill in the gap between the strong anomalism and the receding glacier. The Discovery target represent a sizeable copper gold porphyry target with 1.1 km of KSP alteration mapped at surface and a discrete, open-ended chargeability anomaly residing below. This target has never been drilled and will be a continued focus for the team in outlining a drill site with the best chance of success.
Further field work will be completed on the Heather and the Kashmir showing as the pipeline of targets continues to be progressed. At the Heather target where high-grade gold samples and a 300 m Au-Cu-Ag soil anomaly have previously been discovered, the team will look to identify the source of the mineralization as well as the source of the very strong IP anomalies that exist in the area. At Kashmir, follow up on the 51.4 g/t Au float rock sample as well as prospecting of the creek and surrounding area will take place as a considerable number of mineralized boulders have been identified. Multiple float samples with highly anomalous copper, molybdenum, and gold have been sampled in the small basin suggesting there is a high chance of further mineralized intrusions being discovered.
The inaugural exploration program on the adjoining Pheno Claims will also take place during this program as the Company looks to capitalize on a unique critical metal opportunity in Golden Triangle. Rare earth elements (REE's) were inadvertently identified across the claims during government mapping in 2012, but no follow up work has been completed since then. The team will be taking a significant number of rock samples across the Pheno claims while completing geological mapping of this underexplored area. Focus on pera-alkaline rhyolite host rocks will help delineate the size potential as anomalous rocks appear to be spread over a large area of multiple kilometres. Exploration for alkalic porphyry will also be important due to the proximity of Galore Creek. This has been highlighted by Skeena Resources (See below map) who staked all around the Pheno claims this past year in search of Galore Creek style mineralization.
Financing
The closing of the First Tranche has resulted in the issuance of 2,440,000 flow-through units at $0.125 per unit for gross proceeds of $305,000 and 870,000 non-flow-through units at $0.10 per unit for gross proceeds of $87,000, for a First Tranche total of $392,000.
Each non-flow-through unit consists of one common share and one-half (1/2) of a non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.15 per share for a 2-year period.
Each flow-through unit consists of one flow-through common share and one-half (1/2) of one non-flow-through, non-transferable share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.18 per share for a 2-year period.
All shares issued under the private placement will be subject to a hold period of four months and one day from the date of issuance. Finders' fees may be paid in accordance with securities regulations. With respect to the First Tranche, total finders fees of $800 were paid and 8,000 finders warrants were issued, exercisable at $0.15 per share for a period of two years.
The flow-through shares will qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "Act"). The proceeds of the flow-through private placement will be used to incur "Canadian exploration expense" (within the meaning of the Act). The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2024, and as required under the Act, and, if applicable, as required under Provisional legislation.
About Etruscus
Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The Company's flagship asset is the 100%-owned Rock & Roll Property comprising 29,344 ha near the past producing Snip mine in Northwest B.C.'s prolific Golden Triangle.
Etruscus is traded under the symbol "ETR" on the Canadian Securities Exchange, "ETRUF" on the OTC and "ERR" on the Frankfurt Stock Exchange. Etruscus has 53,270,361 common shares issued and outstanding, including the First Tranche.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Etruscus Resources Corp.
Company Contact: Fiore Aliperti, President & CEO, E: info @Nathan Carney-9088, W: www.etruscusresources.com
Brixton Metals Acquires Infill Claims to its Thorn Project Near the Past Producing Golden Bear Mine
Several Gold-In-Soil Anomalies Identified on Mine Trend
https://ca.finance.yahoo.com/news/brixton-metals-acquires-infill-claims-133000572.html
Brixton Metals Corporation
Tue, September 10, 2024 at 6:30 a.m. PDT·5 min read
BBBXF
-1.49%
VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce it shall acquire one hundred percent interest in mineral claims totaling 6446 hectares or 64.4 square kilometers within the Thorn Project, not previously controlled, located north and northwest from the past producing Golden Bear Mine.
Deal Terms
Under a Purchase and Sale Agreement with arm’s length private Vendors, Brixton shall pay the Vendors CAD$75,000 and issue 1,250,000 common shares of Brixton upon Exchange approval;
Brixton shall grant the Vendors a one percent Net Smelter Royalty Return (“NSR”) where Brixton holds the right to buydown 50% of the NSR, half of 1% for CAD$1,000,000 prior to commercial production.
Chairman and CEO, Gary R. Thompson, stated, “We are excited to further consolidate the Thorn Project by adding more gold potential to the copper porphyry district play. Several gold geochemical anomalies have been identified adjacent to and on trend with a past producer of high-grade gold. Follow up exploration work is planned on these newly acquired claims to define drill targets.”
Figure 1. Thorn Project Location Map with Gold Geochemistry.
Figure 1_10Sept2024
Please see link for an interactive map of Gold Geochem and Drilling for the Thorn Project here: https://app.mininghub.com/sh/A0c138c6
Discussion
As shown in Figure 2, several gold-in-soil geochemical anomalies have been identified and appear to be open for expansion. The newly acquired claims are located north and northwest from the past producing Golden Bear Mine.
Figure 2. Gold-in-soil Geochemistry on the Newly Acquired Mineral Claims.
Figure 2_10Sept2024
Previous operators include Chevron, Homestake, North American Metals and Decoors Mining. Historic rock samples collected returned 284 sample greater than 20 ppb Au with a high of 124.85 g/t gold and 77.47 g/t silver from the Shoulder Zone collected by Homestake 1991 (Hamilton, 1994). In 1984, Chevron collected a rock grab from the Spire Zone that returned 14.00 g/t gold (Bruaset, 1984). The Honk Showing is a shear hosted quartz-pyrite vein along a north-trending splay of the Ophir Break returned 18.07 g/t gold and 64.80 g/t silver from a rock grab sample (McBean, 1990). Limited drilling has returned mixed results. One of the best values obtained from drilling was 1.1 g/t gold and 30.3 g/t silver over 4.0m from drillhole R90-7 (Allen, 1990).
Gold was mined from the Golden Bear Mine from 1990-2001 and is currently held by Newmont Corporation and the site is under remediation and reclamation. The Golden Bear deposits, located south and southeast from these newly acquired claims, are Carlin-type and low sulphidation type gold deposits.
The 1987 Reserve Estimate for the Bear Main Zone, which was one of six deposits, was proven and probable of 1.2 MT at 12 g/t gold.
Source: https://minfile.gov.bc.ca/Summary.aspx?minfilno=104K++079
On October 17, 1994, the owners of the Golden Bear Mine announced the discovery of the Grizzly zone where it had drilled 27 g/t Au over a true width of 3.9m and a 15.5m intersection grading 14.4 g/t Au. Source: The Northern Miner news publication, 1994.
Gold mineralization in the mine area is structurally controlled as north-south to northwest structures. A major north to northwest trending fault, known as the Ophir Break Zone, extends through the area for over 10km and is defined by areas of intense fracturing with abundant slickensides, areas of carbonaceous and siliceous black siltstone and gouge, and linear quartz-iron carbonate-pyrite- listwanites and quartz-dolomite alteration zones.
Mineralization consists of pyrite, trace arsenopyrite and scorodite, native gold, pyrrhotite, chalcopyrite, stibnite and tetrahedrite. Pyrite occurs as late-stage veinlets and as earlier breccia matrix filling, fragments within breccias.
Source: https://minfile.gov.bc.ca/Summary.aspx?minfilno=104K++079
These newly acquired claims do not contain any reserves or resources and are considered early-stage exploration targets for its high-grade underground potential. There are no assurances that future work will define resources or reserves.
Qualified Person (QP)
Mr. Gary Thompson, P.Geo., is Chairman and CEO for the Company who is a qualified person as defined by National Instrument 43-101. Mr. Thompson has verified the referenced data but not the analytical results disclosed in this press release and has approved the technical information presented herein.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on the advancement of its mining projects. Brixton wholly owns four exploration projects: Brixton’s flagship Thorn copper-gold-silver-molybdenum Project, the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc., the Langis-HudBay silver-cobalt-nickel Project in Ontario and the Atlin Goldfields Project located in northwest BC which is optioned to Eldorado Gold Corporation. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQB under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.
On Behalf of the Board of Directors
Mr. Gary R. Thompson, Chairman and CEO
For Investor Relations inquiries please contact: Mr. Michael Rapsch, Senior Manager, Investor Relations. email: michael.rapsch @Waitn4Sid-9707
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.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact included herein including, without limitation, statements regarding the use of proceeds. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSXV and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Links:
https://brixtonmetals.com/wp-content/uploads/2024/09/Figure-1_10Sept2024.png
https://brixtonmetals.com/wp-content/uploads/2024/09/Figure-2_10Sept2024.png
Cassiar Gold Encounters 40.8 m of 1.68 g/t Au and Expands Near-Surface Mineralization at Taurus Deposit
https://www.newsfilecorp.com/release/222773
September 10, 2024 7:00 AM EDT | Source: Cassiar Gold Corp.
Calgary, Alberta--(Newsfile Corp. - September 10, 2024) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (
Coast Copper Closes the Sweeney Property Purchases in Huckleberry Camp
https://www.newswire.ca/news-releases/coast-copper-closes-the-sweeney-property-purchases-in-huckleberry-camp-808818525.html
Coast Copper Corp. Sep 10, 2024, 17:05 ET
TSX.V: COCO
VANCOUVER, BC, Sept. 10, 2024 /CNW/ - ("Coast Copper" or the "Company") (TSXV: COCO) is pleased to announce that it has closed the Sweeney mineral property acquisitions announced on September 3, 2024, consisting of 8 mineral claims totaling 1,492 hectares ("ha") from Cazador Resources Ltd. ("Cazador"), a private company controlled by Coast Copper's CEO Adam Travis, and 3 mineral claims totaling 77 ha from an arm's-length third party ("Third Party"). The Sweeney property ("Sweeney" or "Property") is located approximately 135 kilometers ("km") by road, southwest of the town of Houston in the Central Interior of British Columbia. The Property is centrally located in the Huckleberry Mine Camp and is 7 km north northwest of the past producing Huckleberry Mine, 3 km west of Huckleberry Mines Ltd.'s Whiting Creek deposit and 8 km southeast of the Berg Deposit owned by Surge Copper Corp¹.
Purchase Agreement Terms
Cazador Purchase Agreement Terms
Coast Copper acquired 8 mineral claims totaling 1,492 ha from Cazador. Under the terms of the Cazador purchase agreement ("Cazador Purchase Agreement"), in consideration for a 100% interest in the Property, Coast Copper will make a cash payment of $60,000 to Cazador, which will retain a 1% net smelter return ("NSR") royalty on the Cazador claims, 0.5% of which may be purchased by Coast Copper for $2 million.
The Company's independent directors completed a review of the Cazador claims prior to entering into the Cazador Purchase Agreement and agreed to cover Cazador's acquisition costs and initial reconnaissance program, and for Cazador to retain an NSR.
This transaction was considered a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions as the Cazador claims were sold to the Company by a director and officer. The transaction is exempt from the formal valuation and minority approval requirements in MI 61-101 as the fair market value of the consideration payable does not exceed 25% of the Company's market capitalization.
Third-Party Purchase Agreement Terms
Coast Copper acquired 3 mineral claims totaling 77 ha from the Third Party. Under the terms of the Third-Party purchase agreement, in consideration for a 100% interest in the Third-Party claims, Coast Copper will make a cash payment of $134 to the Third Party, which will retain a 1% NSR royalty on the Third-Party claims, 0.5% of which may be purchased by Coast Copper for $1 million.
One of the 3 Third-Party claims purchased, covering 19 ha, is not adjacent to the Sweeney property and will be treated as a separate mineral property.
About Coast Copper Corp.
Coast Copper's exploration focus is the Empire Mine property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold, and silver. Coast Copper's other properties include its 100% owned Sully property located in southeastern BC, Knob Hill NW property located on northern Vancouver Island, its Home Brew property in central BC, and its Scottie West property located in the "Golden Triangle" of northern BC. Coast Copper's management team continues to review precious and base metals opportunities in western North America.
On Behalf of the Board of Directors:
"Fletcher Morgan"
Fletcher Morgan, Chair
NR24-09
Cautionary Notes related to News Release
¹ This news release may contain information about adjacent properties on which Coast Copper has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
SOURCE Coast Copper Corp.
For further information, please contact: Adam Travis, CEO, Coast Copper Corp., 409 Granville Street, Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: adamt@coastcoppercorp.com
Core Assets Provides Drilling Update At The Silver Lime Project
https://www.accesswire.com/914896/core-assets-provides-drilling-update-at-the-silver-lime-project
Tuesday, 10 September 2024 09:00 AM
VANCOUVER, BC / ACCESSWIRE / September 10, 2024 / Core Assets Corp., ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)(OTCQB:CCOOF
Teuton Resources/Tudir Gold/American Creek: High-Grade Gold Target Expanded at Treaty Creek in BC’s Golden Triangle: Drill Hole GS-24-185 Intersects 9.60 g/t Gold Eq. (AuEq) over 13.50 Meters Within Supercell-1C (SC-1C) in a 140m Step-out
https://teuton.com/high-grade-gold-target-expanded-at-treaty-creek-in-bcs-golden-triangle-drill-hole-gs-24-185-intersects-9-60-g-t-gold-eq-aueq-over-13-50-meters-within-supercell-1c-sc-1c-in-a-140m-step-o/
Victoria, BC, September 10, 2024 – Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TFE”- Frankfurt)
Golden Cariboo Intersects 136.51m (447.87 ft) of 1.46 g/t Gold Near Surface at New Discovery in the Halo Zone
https://thenewswire.com/press-releases/1kWVF40Gz-golden-cariboo-intersects-136-51m-447-87-ft-of-1-46-g-t-gold-near-surface-at-new-discovery-in-the-halo-zone.html
September 10, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ
Volt Carbon Technologies Announces Mount Copeland Glacier Zone Sampling Results Showing up to 0.34% Niobium (Nb2O5) and up to 0.24% Cerium (Ce2O3)
https://www.newsfilecorp.com/release/222623
September 10, 2024 8:30 AM EDT | Source: Volt Carbon Technologies
Calgary, Alberta--(Newsfile Corp. - September 10, 2024) - Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF)
Kodiak's First Adit Zone Drilling Intersects Near-Surface High-Grade Copper: 0.76% CuEq over 156 m, Within 0.46% CuEq over 357 m
https://www.newsfilecorp.com/release/222778
September 10, 2024 6:00 AM EDT | Source: Kodiak Copper Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2024) - Kodiak Copper Corp. (TSXV: KDK) (OTCQB: KDKCF) (FSE: 5DD1)
Dolly Varden Silver Intersects 654 g/t Silver over 21.48 meters at Wolf Vein and Expands 2024 Drill Program
https://www.newsfilecorp.com/release/222591
September 09, 2024 8:00 AM EDT | Source: Dolly Varden Silver Corporation
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - Dolly Varden Silver Corporation (TSXV: DV) (OTCQX: DOLLF) (FSE: DVQ1)
VIZSLA COPPER INTERSECTS 1.09% CUEQ OVER 95M WITHIN A BROADER ZONE OF 0.77% CUEQ OVER 177.3M AT WOODJAM
https://www.newswire.ca/news-releases/vizsla-copper-intersects-1-09-cueq-over-95m-within-a-broader-zone-of-0-77-cueq-over-177-3m-at-woodjam-837412479.html
Vizsla Copper Corp. Sep 09, 2024, 08:00 ET
VANCOUVER, BC, Sept. 9, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0)
Cunningham Mining to Acquire American Creek Resources
September 06, 2024 2:43 PM EDT | Source: American Creek Resources Ltd.
Cardston, Alberta--(Newsfile Corp. - September 6, 2024) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the "Company" or "American Creek") is pleased to announce that it has entered into a definitive arrangement agreement dated September 5, 2024 (the "Arrangement Agreement") with Cunningham Mining Ltd. ("CML") pursuant to which CML has agreed to acquire all of the issued and outstanding common shares of American Creek (the "Shares") at a price of $0.43 per Share (the "Consideration"), in an arm's-length, all-cash transaction valued at approximately $207 million on a fully diluted basis (the "Transaction"). The Transaction will be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the "BCBCA").
The Consideration represents a 274% premium to the $0.115 closing price of the Shares on the TSX Venture Exchange (the "TSXV") on June 5, 2024, being the last trading prior to the date that American Creek and CML entered into the previously announced non-binding letter of intent (the "LOI") for the Transaction, which LOI has now been superseded by the Arrangement Agreement. In addition, the Consideration represents a 153% premium to the closing price of Shares on the TSXV on September 4, 2024 and a 155% premium based on American Creek's 30-trading day volume weighted average price ("VWAP") on the TSXV for the period ending September 4, 2024. Holders of outstanding options and warrants to purchase shares of American Creek will receive a cash payment for the "in-the-money" value, if any, in respect of all vested options and warrants of American Creek. The Company announced on August 6, 2024, that at that time it had received confirmation that CML has entered into a token subscription facility of up to US$153M for a 36-month term following a centralized exchange listing of the Cunningham Mining Token, the funds from which are expected to be used to fund CML's financial obligations under the Arrangement Agreement.
Ryan Cunningham, President of CML, stated: "We are very excited to enter into this agreement to acquire American Creek. The indirect acquisition in the Treaty Creek Property complements our existing portfolio of assets in the Golden Triangle. We look forward to the positive impact that the addition of the Treaty Creek Property will have on our upcoming NGTGOLD Token."
Darren Blaney, CEO of American Creek, stated: "We are pleased and excited to enter into this agreement with Cunningham Mining. I commend the team at Cunningham for recognizing the value of American Creek's 20% carried interest in the Treaty Creek Project, in particular the expanding Goldstorm gold and copper deposit, and the mineral potential of the Treaty Creek Project as a whole.
We are also very pleased to have Eric Sprott's full support and endorsement of this transaction with Cunningham. We express our sincere appreciation for being able to associate with the Sprott team and for their significant and unwavering support through the years."
Transaction Highlights
All-cash offer providing American Creek shareholders with an immediate and attractive premium.
All directors and officers of American Creek and American Creek's largest shareholder (being a company controlled by Eric Sprott), which collectively hold an aggregate number of Shares that represent approximately 15.5% of the currently outstanding Shares, have each entered into customary support and voting agreements (collectively, the "Voting Support Agreements") with CML pursuant to which they have agreed, among other things, to vote all of their Shares (including any Shares issued upon the exercise of any securities convertible, exercisable or exchangeable into Shares) in favour of the Transaction.
Board of Directors Recommendation
The board of directors of American Creek (the "Board"), having received a unanimous recommendation from a special committee comprised of a majority of independent directors of American Creek (the "Special Committee") and after receiving outside legal and financial advice, has unanimously determined that the Transaction is in the best interests of American Creek and is fair to the shareholders of American Creek (the "Shareholders") and other securityholders (warrantholders and optionholders) (the "Other Securityholders") and unanimously recommends that Shareholders vote in favour of the Transaction. In making their respective determinations, the Special Committee and the Board considered, among other factors, the fairness opinion of RwE Growth Partners, Inc. The fairness opinion concluded that, as of September 2, 2024, subject to the assumptions, limitations and qualifications contained therein, the Consideration to be received by the Shareholders and the Other Securityholders pursuant to the Transaction is fair, from a financial point of view, to such Shareholders and Other Securityholders. A copy of the fairness opinion will be included in the management information circular of the Company (the "Information Circular") to be mailed to the Shareholders in connection with the special meeting of Shareholders (the "Meeting") to be called to approve the Transaction, which Meeting is expected to be scheduled to take place in late October or early November, 2024.
Transaction Details
The Transaction will be implemented by way of a statutory plan of arrangement under Division 5 of Part 9 of the BCBCA (the "Plan of Arrangement"). Completion of the Transaction is subject to customary conditions, including, among others, court approval and regulatory approvals (including the approval of the TSXV), and will, among other things, require the approval of (i) at least two-thirds of the votes cast by the Shareholders present in person or represented by proxy at the Meeting, and (ii) a simple majority of the votes cast by Shareholders on a resolution approving the Arrangement, excluding for this purpose the votes attached to the Shares held by persons required to be excluded for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
The Arrangement Agreement provides for customary deal protection provisions, including non-solicitation covenants of American Creek, "fiduciary out" provisions in favour of American Creek and "right-to-match superior proposals" in provisions in favour of CML. The Arrangement Agreement provides for a termination fee of $6,286,125 payable by American Creek if it accepts a superior proposal and in certain specified circumstances. In addition, on or before September 30, 2024, CML will pay American Creek a cash signing fee of $300,000, which funds will be used for working capital purposes in the ordinary course of business (including reasonable expenses incurred by American Creek related to the Transaction). 50% of the signing fee (i.e. $150,000) will be repayable by American Creek to CML in equal monthly installments of $10,000 in the event that the required Shareholder approval is not obtained at the Meeting or the Transaction is terminated due to a non-curable breach of the Arrangement Agreement by American Creek.
Each of American Creek and CML have made customary representations and warranties and covenants in the Arrangement Agreement, including covenants regarding the conduct of American Creek's business prior to the closing of the Transaction.
Pursuant to the terms of the Arrangement Agreement, each outstanding option to purchase common shares in the capital of American Creek (each, an " Option") immediately prior to the effective time of the Arrangement will be, and will be deemed to be, unconditionally vested and exercisable and will be deemed to be assigned and transferred by such holder to American Creek in exchange for a cash payment from American Creek equal to the Option in-the-money amount. Each such Option will immediately be cancelled, and the holder will cease to be a holder of such Option.
Each share purchase warrant of the Company (each, a "Warrant") issued and outstanding immediately prior to the effective time of the Arrangement will be deemed to be assigned and transferred by such holder to American Creek in exchange for a cash payment from American Creek equal to the Warrant in-the-money amount. Each such Warrant will immediately be cancelled, and the holder will cease to be a holder of such Warrant.
Subject to the satisfaction of all conditions to closing set out in the Arrangement Agreement, it is anticipated that the Transaction will be completed in late November or early December 2024. Upon closing of the Transaction, it is expected that the Shares will be delisted from the TSXV and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws.
The foregoing summary is qualified in its entirety by the provisions of the respective documents. Copies of the fairness opinion, and a description of the various factors considered by the Special Committee and the Board in their respective determination to approve the Transaction, as well as other relevant background information, will be included in the Information Circular to be sent to the Shareholders in advance of the Meeting. Copies of the Information Circular, the Arrangement Agreement, the Plan of Arrangement, the Voting Support Agreements and certain related documents will be filed with the applicable Canadian securities regulators and will be available in due course on SEDAR+ (www.sedarplus.ca) under American Creek's issuer profile.
About CML
Cunningham Mining Ltd. (www.cunninghammining.com) has successfully completed the acquisition of the placer claims known as the 'Nugget Trap Placer Mine" in the British Columbia Mineral Title registry, covering 573.7 acres, along with the accompanying permits and authorizations. The property is situated within the Skeena Mining Division of British Columbia, Canada, in the area known as BC's Golden Triangle. The company intends to digitize this and future in ground deposits as well as operating mines and claims through the issuance of its Digital Asset Token, NGTGOLD Token (nuggettrap.com). Its registered office is located at 10026 Pacific Centre, 25th FL, Vancouver, BC, V7Y 1B3.
About American Creek and the Treaty Creek Project
American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific "Golden Triangle".
American Creek holds a fully carried 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. American Creek shareholders have a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world's most exciting mega deposits.
The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC.
ON BEHALF OF AMERICAN CREEK RESOURCES LTD.
"Darren Blaney"
Darren Blaney, President & CEO
For further information please contact Kelvin Burton at:
Phone: (403)752-4040 or Email: info@americancreek.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect American Creek's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release include statements regarding the proposed acquisition by CML of all of the Shares of American Creek and the terms thereof, CML's ability to finance the Transaction under its token subscription facility, the anticipated date of the Meeting, the anticipated filing of materials on SEDAR+, the expected date of completion of the Transaction, the expectation that the Shares will be delisted from the TSX Venture Exchange and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws and other statements that are not historical fact. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by American Creek including, without limitation: the Transaction will be completed on the terms currently contemplated, the Transaction will be completed in accordance with the timing currently expected, all conditions to the completion of the Transaction will be satisfied or waived and the Arrangement Agreement will not be terminated prior to the completion of the Transaction, and assumptions and expectations related to premiums to the trading price of the Shares and returns to the Shareholders. Although the forward-looking statements contained in this news release are based on what American Creek's management believes to be reasonable assumptions, American Creek cannot assure investors that actual results will be consistent with such statements.
The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Such factors include, among others: the Transaction not being completed in accordance with the terms currently contemplated or the timing currently expected, or at all, expenses incurred by American Creek in connection with the Transaction that must be paid by American Creek in whole or in part regardless of whether or not the Transaction is completed, the conditions to the Transaction not being satisfied by American Creek and CML, currency fluctuations, disruptions or changes in the credit or security markets, results of operations, and general developments, market and industry conditions. Additional factors are identified in American Creek's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. There can be no assurance that the Transaction will be completed or that it will be completed on the terms and conditions contemplated in this news release. The proposed Transaction could be modified or terminated in accordance with its terms. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, American Creek assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE: American Creek Resources Ltd.
Bolt Metals Options High-Grade Antimony Property
https://thenewswire.com/press-releases/1k49F8YOZ-bolt-metals-options-high-grade-antimony-property.html
Vancouver, B.C. – TheNewswire - September 9, 2024 – Bolt Metals Corp. (“Bolt” or the “Company”) (CSE: BOLT) (FRANKFURT: A2QEUB) (OTCQB: PCRCF) is pleased to announce that it has entered into an agreement with an arms-length party (the “Vendor”) (the “Option Agreement”), pursuant to which the Company may acquire (“Option”) a 100% ownership interest in and to the New Britain antimony and gold property in the Slocan Mining Division, BC, Canada (“Property”).
Property Highlights:
Historic chip sample across 0.6 metre of vein material assayed 10.4% antimony, 9.7 g/t gold, 2358 grams per tonne silver (g/t), and 29.9% lead
Multiple indications of high-grade antimony occurrences in the area are associated with gold, silver, and lead values
Road accessible and unexplored for antimony potential
Application of state-of-the arts geophysics and geochemical surveys could efficiently advance the property to the drill stage
Company friendly, results driven option terms
The Case for Antimony
“A supply shortage has triggered the steepest rally in price “ever recorded” in the global antimony market since April, according to Fast Markets who began recording prices from January 1980. In May, prices reached US$17,589 per metric ton of antimony ingot, up 54% in 2024, according to the Shanghai Metals Exchange; prices in Europe reached US$22,700 a ton on June 14, up more than 75% on 2023. And now China has announced it will impose export limits on antimony because of “national security”. The reason: an extreme shortage of supply from China, Russia, and south east Asia, while demand primarily from solar power and global arms production both soar. Antimony supply faces both a short-term volatility squeeze and long-term structural deficit”. (The Oregon Group, August 28, 2024; “Why are antimony prices exploding”)
CEO Comment
Mr. Branden Haynes, CEO of Bolt, remarked, “with China’s export restrictions on antimony taking effect and several active conflicts around the world, the need for antimony has increased. Antimony is used heavily in a variety of military applications, as a fire retardant, in solar panels and electric batteries. Bolt’s acquisition of the New Britain project will provide the Company the opportunity to focus on this essential mineral”.
New Britain Property
The Property comprises 493 hectares located approximately 40 kms north, north-west of Kaslo, BC and is accessible by highway and forest service roads.
Development at New Britain in the early 1980s included extending a short adit excavated to evaluate a quartz vein within a 20-metre-wide shear zone that strikes north and dips subparallel to bedding. The rocks within the shear are altered to sericite schist. High silver, lead and antimony values occur with massive sulphides on the apex of drag-folds within the shear. Mineralization consists of galena and tetrahedrite within quartz-calcite veins. A chip sample across 0.6 metre of vein material assayed 10.4% antimony and 9.7 g/t gold, 2358 g/t silver, and 29.9% lead1.
There are multiple antimony occurrences in the area, including the North Star prospect in the Goat Range Park, and the West Ridge prospect at Eagle Plains Resources’ Snowstorm property. Geological mapping and interpretation at Snowstorm indicate a southeast-northwest trend in geology and structure, interpreted to trend onto the New Britain property. The West Ridge prospect located 4.7 km to the northwest of the New Britain property was developed in the late 1920’s, with a shallow shaft and a 150-metre adit. Assessment reports indicate mineralization of massive stibnite-galena in quartz veining assaying up to 16.1% antimony, 1.58% copper, 41.1% lead, and 1,539 g/t silver over a width of “at least 1 metre2.
Mineralization on proximal properties and historical data is for informational purposes only and gives no assurance as to their reliability and relevance to possible future exploration programs at the property. The company has not completed any quality assurance program or applied quality control measures to the historical data.
Key Transaction Details
In order to exercise the Option and thereby acquire a 100% ownership interest in the Property, the Company would be required to make cash and share payments to the Vendor and incur exploration expenditures on the Property as follows:
Cash payments of CAD $5,000 within 5-business days of the Effective Date, CAD $25,000 on the six-month anniversary of the Effective Date and CAD $50,000 on each of the 1st and 2nd year anniversaries of the Effective Date;
Share payments of 500,000 common shares on the 1st anniversary of the Effective Date and 1,000,000 common shares on the 2nd anniversary of the Effective Date;
Exploration Expenditures of CAD $100,000 prior to the 1st anniversary of the Effective Date and CAD $200,000 prior to the 2nd anniversary date of the Effective Date
The Vendor maintains a 2% Net Smelter Returns Royalty of which the Company may purchase 1% for CAD $1,000,000 at any time subsequent to its exercise of the Option.
Whether or not to exercise the Option is within the discretion of the Company. In addition, the Company may accelerate the Option Payments, in its discretion, at any time during the term of the Agreement.
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 (BC Geological Survey - Assessment Report 8532; Donald W. Tully, P.Eng. for Paymaster Mines Inc.; September 15, 1980).
2 (BC Geological Survey - Assessment Report 16433; C. Geoffrey Spearing, B.SC. (Eng) and John Ostler, M.Sc., P.Geol. for Ambergate Explorations Inc.; October 15, 1987); and
(BC Geological Survey – Assessment Report 18136; C. Geoffrey Spearing, B.SC. (Eng) and John Ostler, M.Sc., P.Geol. for Ambergate Explorations Inc.; November 1, 1988
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”, including statements relating to the exercise of the Option and the making of Option Payments. 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.
Red Canyon Commences Inaugural Drill Program at its 100% Owned Kendal Copper Project
https://thenewswire.com/press-releases/1AD4Fgawa-red-canyon-commences-inaugural-drill-program-at-its-100-owned-kendal-copper-project.html
Vancouver, British Columbia - TheNewswire - September 9, 2024: Red Canyon Resources Ltd. (“Red Canyon” or the “Company”) (CSE: REDC | OTCQB: REDRF) is pleased to announce it has commenced diamond drilling on its 100% owned Kendal Project in west-central British Columbia. The Company is focused on impactful, value-added exploration to make discoveries of copper and copper-gold deposits in established mineral belts in North America.
Company Highlights:
The planned program is fully funded and will consist of 4 to 6 drill holes totalling up to 2,500 m. Drilling will target an interpreted copper porphyry system, represented by significant altered and mineralized volcanic and porphyritic rocks exposed over 2.5 km x 1.5 km.
Lithogeochemical studies suggest that the erosional level of the porphyry system alteration in Kendal Creek could be directly above and in close proximity to a modeled zone of copper mineralization.
Independent structural and lithological mapping at Kendal has identified four phases of porphyry-related quartz sulphide stockwork vein sets with identified copper mineralization associated with at least two phases.
The Kendal Project has never been previously drill tested.
The Company controls a portfolio of seven 100%-owned, internally generated copper and copper – gold projects in British Columbia and the Western United States, four of which are drill ready.
Wendell Zerb, the Chairman and CEO of the Company, states: "We are very excited for this Inaugural drill program at Kendal. It’s a rare circumstance that a small cap mineral exploration company has the opportunity to conduct a first pass drill program on such an exciting, 100% owned target. Kendal geology, alteration, lithogeochemistry and geophysics all suggest Kendal represents a newly recognized copper porphyry system. This initial drill program will test a portion of this large system and provide an important framework for future work at Kendal. Testing big targets is part of our business plan and we believe Kendal is an outstanding leveraged target.”
Kendal Project Drill Plan
Red Canyon has commenced a diamond drill program consisting of 4 to 6 drill holes totalling up to 2,500 m. Drilling will target an interpreted copper porphyry system, represented by significant altered and mineralized volcanic and porphyritic rocks exposed over 2.5 km x 1.5 km.
Click Image To View Full Size
Figure 1: Drill pad location 6 (bottom left) with drill rig set for initial RCKD-24-001 diamond drill hole. Photo is looking south with Kendal Creek and Moly Creek drainages highlighting strong pervasive phyllic alteration.
Kendal comprises five 100%-owned mineral claims totalling 2,738 hectares located in west-central British Columbia approximately 25 km northeast of the city of Terrace, a regional infrastructure hub with a well-serviced airport. Infrastructure is excellent with four intersecting highways, hydroelectric power, and rail corridors and port facilities approximately 120 km to the west at Prince Rupert. The project has direct road access, only 3.5 km from Highway 16.
Click Image To View Full Size
Figure 2: Kendal Project location map.
The Company has completed a detailed geological interpretation, a lithogeochemistry vectoring study, lithological and structural mapping, magnetic inversion modelling, and a radiometric survey. These technical studies significantly enhance our confidence that Kendal may represent a newly discovered, copper porphyry system.
Click Image To View Full Size
Figure 3: Kendal Project topographic orthophoto looking south, with outline of mapped phyllic alteration (yellow line) and focus area of the Q4/2023 trace element rock sampling program (grey line).
Lithogeochemical vectoring conducted by Red Canyon suggests that the current level of erosion is potentially in close proximity to the prospective potassic alteration zone (Figure 4), suggesting that the top of a copper porphyry system could be near-surface.
Click Image To View Full Size
Figure 4: Geochemical data from Kendal indicates the approximate erosional level to be at the top of the magmatic-dominant portion (potassic zone) that hosts porphyry copper deposits, when compared to the Halley et al. (2015) cross-section through the porphyry copper lithogeochemical footprint model. The erosional level of Kendal is well-constrained by threshold enrichments of Mo, W and Sn, as well as Cu, and depletions of Na, Mn, Sr, As, which are all characteristic of the high temperature parts of the system.
The drilling will be conducted from three drill locations at Kendal: one road accessible pad on the west side of Kendal Creek and two helicopter-supported pads on the east side of Kendal Creek. Collar locations are set up at approximately 90 to 115 m above the base of Kendal Creek. Drilling will initially target areas below exposed porphyritic intrusions in Kendal Creek and within the interpreted magnetic destruction zone and coincident with gamma-ray radiometric responses outlining very low thorium/potassium (Th/K) ratios (Figure 5). The Company anticipates the program to run into late October.
Click Image To View Full Size
Figure 5: Magnetic analytic signal image over the central part of the Kendal project indicates a (> 2 km2) hydrothermal alteration footprint defined by a large zone of depressed magnetic response from potential hydrothermal magnetite destruction within a broader region of gossanous pyrite alteration.
About Red Canyon Resources
Red Canyon Resources Ltd. (CSE: REDC | OTCQB: REDRF) is a geoscience-driven, discovery-focused mineral exploration company focused on exploring North America’s top copper jurisdictions. The Company’s core goal is to make impactful copper discoveries to benefit all stakeholders and support the clean energy transition. Red Canyon has a portfolio of 100%-owned copper and copper-gold porphyry exploration projects. The Company’s technical team consists of experienced geoscientists with diverse capital market, small cap and major mining company backgrounds and a track record of success.
For more information, please visit the Company's website at www.redcanyonresources.com.
Red Canyon is part of the NewQuest Capital Group which is a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at www.nqcapitalgroup.com.
On Behalf of the Board of Directors
Wendell Zerb, P. Geol
Chairman and Chief Executive Officer
+1 (604) 681-9100
wzerb@redcanyonresources.com
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
bzerb@redcanyonresources.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Qualified Person - The technical information contained in this update has been reviewed and approved by Wendell Zerb, P. Geol, a “Qualified Person” (“QP”) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Forward-Looking Statements:
This news release includes certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated October 12, 2023 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.
Rumble Resources Completes Phase I Exploration Work at Woolford Creek Silver-Gold Project
https://www.newsfilecorp.com/release/222311
September 05, 2024 4:45 PM EDT | Source: Rumble Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Rumble Resources Inc. (CSE: RB) ("Rumble" or the "Company") is pleased to announce the successful completion of the Phase I exploration program on its Woolford Creek Property (the "Property") located in the Adams Plateau region of the Kamloops Mining Division, British Columbia.
Program Summary:
Rumble's exploration team investigated the quartz veins of the Nik East showing where a notable 2020 sample assayed 10.4 grams per tonne gold. Four channels were cut through Nik East quartz veins to collect six channel samples, along with two grab samples from the extremities of the veins. The quartz veins were found to be 12.5 feet (3.8 meters) thick, with variable thickness along the strike, characterized by white, rusty, and vuggy quartz with sulfide spots and country rock clasts. The roadside mapping along this section was extended north to the claim boundary, revealing additional quartz veins, which were also sampled.
A 40- to 50-meter wide phyllite outcrop southeast of the Nik East Showing, featuring numerous quartz veins, was studied. Eleven representative chip samples were collected from these veins.
A new 20- to 22-foot (6.1- to 6.7-meter) wide oxidized zone was identified with disseminated lead content, associated with a 60 to 70 feet (18.29 to 21.33 meter) wide volcanic dyke.
A total of 55 soil and 59 rock samples (grab, channel, and chip) were collected. All 59 rock samples and 19 soil samples were sent to ALS Labs for assaying, with 15 rock samples selected for gold assays using fire assays.
The northern claims (#1077968 and #1077619) were inaccessible due to snow cover.
The ground geophysical survey, including magnetic and VLF, was completed across two grids (West and East), with a total of 563 measurements collected.
Assay Highlights:
Silver values ranged from 0.01 ppm to 3.23 ppm, with notable samples exceeding 1.0 ppm.
Gold values were generally low, with eight samples above 0.2 ppm and one sample at 0.73 ppm.
Copper values varied from 0.9 ppm to 2,120 ppm, with several samples exceeding 1,000 ppm.
Geophysical surveys identified two significant targets: Target (A) on the West Grid with high magnetic gradients and EM conductivity, and Target (B) on the East Grid interpreted as a sulphide-bearing lithological contact (see Figures below).
Qualified Person
Afzaal Pirzada, P.Geo., a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
Sample Preparation, Analysis and Security
Rock samples for 2024 exploration program were collected in the field by placing 0.3 to 2 kilograms of material in a heavy grade plastic sample bag with the sample number written with permanent marker. Each sample bag was then sealed with a plastic cable tie and samples were transported back to the Chase, British Columbia base station at the end of each day. Rock samples were recorded as to location (UTM -NAD 83), sample type (grab, composite grab, chip, etc.), exposure type (outcrop, rubblecrop, float, etc.). Additionally, lithology, colour, texture, and grain size were described. Sample locations were determined by hand-held GPS set to report locations in UTM coordinates using the North American Datum established in 1983 (NAD 83) Zone 11N. The samples were bagged and tagged using best practices, and delivered to ALS Laboratories, 2103 Dollarton Hwy, North Vancouver, BC V7H 0A7 for sample preparation and analysis.
ALS Laboratories is an independent group of laboratories accredited under both ISO/IEC 17025:2017 and ISO 9001:2015 for specific registered tests. Sample analysis packages used for 2024 samples was: Au-ICP21 (Au 30g FA ICP-AES finish -ICP - AES), and ME-MS41 (Ultra Trace Aqua Regia ICP-MS).
On Behalf of the Board of Directors
Brian Goss
Rumble Resources Inc.
About Rumble Resources Inc.
Rumble Resources Inc. is a mineral exploration company based in Vancouver, BC. and holds options over the Woolford Creek Property located in the Kamloops Mining Division, British Columbia, Canada.
For more information, investors should review the Company's filings that are available at www.sedarplus.ca or contact the company at rumbleresources@gmail.com.
About the Woolford Creek Property
The Property consists of eight contiguous mining claims claims covering approximately 4,414.02 hectares area in Adams Plateau, Kamloops Mining Division, British Columbia, Canada. The Property is in Adams plateau in the north of Squilax which is a settlement on the northeast shore of Little Shuswap Lake in British Columbia. The Trans-Canada Highway runs Just 2km east of the village Squilax and provides access to the nearby town of Chase (12.5km west) and city of Kamloops (69 km west). Geologically, the Property area comprises of a Paleozoic sequence of metasedimentary and metavolcanic rocks, Devonian orthogneiss, mid-Cretaceous granitic rocks, Early Tertiary quartz feldspar porphyry, basalt and lamprophyre dykes, Eocene sedimentary and volcanic rocks, and Miocene Plateau lavas.
Forward-Looking Statements
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's intentions, plans and future actions described herein and the terms thereon.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Figure 1: Geophysical Survey Target A
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9977/222311_222311_c0102da3248d39d6_001full.jpg
Figure 2: Geophysical Survey Target B
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9977/222311_c0102da3248d39d6_002full.jpg
SOURCE: Rumble Resources Inc.
Omineca Enters Gold Bearing Underground Paleochannel at Wingdam with a Significant Development to the Mining Plan
https://www.newswire.ca/news-releases/omineca-enters-gold-bearing-underground-paleochannel-at-wingdam-with-a-significant-development-to-the-mining-plan-829091584.html
Omineca Mining and Metals Ltd. Sep 06, 2024, 08:30 ET
SASKATOON, SK, Sept. 6, 2024 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (OTCBB: OMMSF) ("Omineca" or the "Company") is pleased to announce that after significant delays during the unseasonably high rainfall this summer, the company's joint venture partner D&L Mining has successfully reached the interior of the paleochannel at the Wingdam Project located in the Cariboo Mining District of south central British Columbia. In an unexpected development, even with heavy rainfall delaying haulage drift development, the interior of the paleochannel has been found to be devoid of significant water. Importantly, the dry condition of the paleochannel allows for the use of conventional mining and excavation methods using steel tunnel liner sections for ground support in place of the more complex and time consuming grouted spiling technique. The ability to use traditional mining methods is transformational for the Wingdam Project, allowing for significantly faster advancement, wider crosscuts, and lower costs without compromising safety.
Photo 1 (CNW Group/Omineca Mining and Metals Ltd.)
The opening advance into the channel (a combination of bedrock and gravel) is already yielding coarse gold as expected (see Photo 1. below). The Company will further report on D&L's progress as the excavation advances toward the central portion of the channel where placer gold typically tends to accumulate in higher concentrations. The wider crosscuts and drifts resultant from the use of tunnel liner as ground support will provide higher volumes of gold-bearing gravel feed for the placer recovery washplant. The washplant consists of a simple trommel/sluice system with a shaker table in the assay lab for final gold recovery. Once a consistent gold bearing gravel feed for the wash plant is reached, the Company will report on recovered volumes and grades.
D&L has now completed over 70 meters of a 3.5 x 3.5 meter haulage and access tunnel in bedrock alongside the paleochannel with multiple access points developed to enter and cross the width and mine the length of the paleochannel. The high volumes of rain saturating the valley this summer caused significant delays in the advancement of the haulage drift with substantial remediation work required through less competent and fractured bedrock. Of real significance, it appears that this extensive access drift work has acted as an effective catchment for the water that would have normally migrated to the gravels, resulting in the gold bearing channel being extremely dry and notably, allows for conventional mining methods using the described steel tunnel liner.
Once Crosscut #3 is completed, D&L will initiate mining both up and downstream in the central part of the channel utilizing the same conventional mining methods and tunnel liner for ground support. In this type of paleochannel setting, the largest amounts of placer gold tend to be in the lower central portion of the ancient riverbed where, through natural waterborne gravity sorting, the highest concentration of gold tends to settle. This feature was noted in the 2012 bulk sample crosscut where approximately 75% of the total 173 ounces of placer gold recovered from a 2.4 meter wide by 23.5 meter long crosscut came from a 5.5 meter wide central portion of the channel.
Qualified Person
All scientific and technical information in this news release has been prepared by, or approved by Stephen Kocsis, P.Geo., Lead Geologist. Mr. Kocsis is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold exploration and placer recovery projects are located along the Barkerville Highway 45 km east of the City of Quesnel. The Wingdam Property includes mineral tenures totaling over 61,392 hectares (613 square kms) and in excess of 15 linear kilometers of placer claims, both encompassing the Lightning Creek valley where topographic conditions created thick layers of overburden, which preserved a large portion of a buried paleochannel containing placer gold-bearing gravels. Omineca also has an exploration and diamond drill program currently underway exploring for the potential multiple hard rock sources of the placer gold at Wingdam.
Forward Looking Statements
This release includes forward-looking statements regarding Omineca and its business. Such statements are based on the current expectations and views of future events of Omineca's management. In some cases, the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to secure TSX Venture Exchange of the grant of options and many other factors beyond the control of Omineca. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and Omineca undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Omineca Mining and Metals Ltd.
For further information, please contact: Tom MacNeill, President and CEO, 306-653-2692
Ascot Announces Care & Maintenance of Operations in Order to Focus on Mine Development Activities
https://ca.finance.yahoo.com/news/ascot-announces-care-maintenance-operations-100000647.html
Ascot Resources Ltd.
Fri, September 6, 2024 at 3:00 a.m. PDT·6 min read
AOTVF
-61.13%
VANCOUVER, British Columbia, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) today announced that over the period of the past two months, mill operations at the Company’s Premier Gold Mine have poured 3,430 oz of gold, which is 418% above the amount recorded over the entire second quarter. Additionally, in August, the mill has operated near or above its design capacity.
The mill operations have progressed well; however, we believe that the amount of mine development at the Big Missouri mine has fallen behind schedule by approximately one to two months, and with the delay in the start of the Premier Northern Lights (“PNL”) ramp from July to December last year, PNL production is also delayed. As a result, the number of stoping areas is not sufficient to provide enough production to adequately feed the mill. Although the Company is on track for first development ore at PNL this month, further development is required to access deeper ore than was initially planned, which will extend the timing to complete the development and ramp up of the PNL mine.
After careful consideration, the Company has decided that, to enable sufficient mine development, it will suspend operations. Ascot will focus on mine development until the combination of the Big Missouri and PNL mines can sustainably deliver enough ore feed to profitably run the operation. The Company’s intention is to seek funding to complete the necessary mine development.
The Company’s initial estimate is that approximately three to six months of development will be required to be undertaken, primarily at the PNL mine, subject to further investigation and cost determinations.
At the end of August, the Company had a cash resource of approximately C$15 million. This amount is expected to be sufficient to undertake proper suspension of operations for the oncoming winter season and ensure that the Company maintains all its environmental compliance programs. The Company is in discussions with its secured creditors regarding its obligations during the suspension period.
There is no certainty the Company will be able to raise the funds required to complete the necessary mine development work and to restart operations. While the Company expects that operations will be sustained once restarted following development work, there is no certainty that this will be the case.
Derek White commented: “This is difficult news for all of our stakeholders, and especially all of our employees and contractors who have worked extremely hard during the commissioning period. The Company believes we need to focus on mine development to prioritize asset value and ensure we have the best path forward to sustainable and profitable operations.”
Qualified Person
John Kiernan, P.Eng., Chief Operating Officer of the Company is the Company’s Qualified Person (QP) as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
On behalf of the Board of Directors of Ascot Resources Ltd.
“Derek C. White”
President & CEO, Director
For further information contact:
Kristina Howe
VP, Communications
khowe@ascotgold.com
778-725-1060 ext. 1019
About Ascot
Ascot is a Canadian mining company headquartered in Vancouver, British Columbia and its shares trade on the TSX under the ticker AOT and on the OTCQX under the ticker AOTVF. Ascot is the 100% owner of the Premier Gold Mine (“Premier”), which poured first gold in April 2024 and is located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia.
For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.ascotgold.com.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws ("forward-looking statements"). Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted", "outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the proposed care and maintenance operations of the Company; timing of future plans, development and operations at Big Missouri and PNL, and the ability of such plans, development and operations to sustain the Company; the Company’s future intentions to seek funding and the ability to raise such funding; and the sufficiency of the Company’s cash to fund its proposed operations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including risks related to business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and indigenous groups in the exploration and development of Ascot’s properties and the issuance of required permits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+ at www.sedarplus.ca including the Annual Information Form of the Company dated March 25, 2024 in the section entitled "Risk Factors". Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with the care and maintenance plans; the ability to maintain throughput and production levels at Big Missouri and PNL; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing; compliance with the covenants in Ascot’s credit agreements; and exploration plans. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
Juggernaut Drills Extensive Sulphide Mineralization Averaging 7.32 Meters Wide over 700 Meters that Remains Open on 100 % Controlled Bingo Property, Golden Triangle, B.C.
https://thenewswire.com/press-releases/1AdyFy8yd-juggernaut-drills-extensive-sulphide-mineralization-averaging-7-32-meters-wide-over-700-meters-that-remains-open-on-100-controlled-bingo-property-golden-triangle-b-c.html
Vancouver, British Columbia – TheNewswire - September 6th, 2024 – Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE)
Thesis Gold Updated PEA for Lawyers-Ranch Project: After-Tax NPV5% of C$1.28 Billion, IRR of 35.2% and 2.0 Year Payback
https://www.newsfilecorp.com/release/222217
September 05, 2024 6:30 AM EDT | Source: Thesis Gold Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Thesis Gold Inc. (TSXV: TAU) (FSE: A3EP87) (OTCQX: THSGF
Juggernaut Drills New Zone Averaging 10 Meter Thick Of Strong Eskay-Style Mineralization Over 700 Meters That Remains Open On 100 % Controlled Midas Property In Golden Triangle, B.C.
https://thenewswire.com/press-releases/1BKRFpdvv-juggernaut-drills-new-zone-averaging-10-meter-thick-of-strong-eskay-style-mineralization-over-700-meters-that-remains-open-on-100-controlled-midas-property-in-golden-triangle-b-c.html
Vancouver, British Columbia – September 5, 2024 – TheNewswire – Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE)
Coast Copper Acquires the Sweeney Property in the Huckleberry Camp
https://www.newswire.ca/news-releases/coast-copper-acquires-the-sweeney-property-in-the-huckleberry-camp-850520818.html
Coast Copper Corp. Sep 03, 2024, 17:05 ET
TSX.V: COCO
VANCOUVER, BC, Sept. 3, 2024 /CNW/ - Coast Copper Corp. ("Coast Copper" or the "Company"); (TSXV: COCO) is pleased to announce that it has acquired the Sweeney property ("Sweeney" or "Property"), consisting of two separate transactions. Coast Copper has acquired 8 mineral claims totaling 1,492 hectares ("ha") from Cazador Resources Ltd. ("Cazador"), a private company controlled by Coast Copper's CEO Adam Travis ("Cazador Claims"), and 2 mineral claims totaling 57 ha from arm's-length third party ("Third Party") ("Third Party Claims"). Details of the acquisitions are noted below. The Property is located approximately 135 kilometers ("km") by road, southwest of the town of Houston in the Central Interior of British Columbia. The Property is centrally located in the Huckleberry Mine Camp and is 7 km north northwest of the past producing Huckleberry Mine, 3 km west of Huckleberry Mines Ltd.'s Whiting Creek deposit and 8 km southeast of the Berg Deposit owned by Surge Copper Corp¹. See Figure 1.
COCO NR24-08_Sweeney Acquisition. Figure 1 (CNW Group/Coast Copper Corp.)
Highlights of the Property
Road accessible and close to existing infrastructure in the heart of the Huckleberry Camp.
Multiple vein and structural trends at 345-degree azimuth identified over a 1 km trend of high-grade silver ("Ag"), lead ("Pb"), zinc ("Zn") +/- gold ("Au") up to 3 meter ("m") wide quartz sulphide veins.
Historical underground development on the Emerald Vein took place on four levels (6400, 6275, 6000 and 5400 levels) and the mine operated intermittently from 1951 to 1968, producing 83,493 ounces ("oz") Ag, 49 oz Au, 1,966,396 pounds ("lbs") of Zn, 1,689,449 lbs of Pb, 19,872 lbs of copper ("Cu") and 3,713 lbs of cadmium from the milling of 8,293 tonnes of ore ² ³.
Unclassified reserves on the Emerald Vein are 40,800 tonnes grading 355 grams per tonne ("g/t") Ag, 8.23% Pb, 9.49% Zn and 1.13 g/t Au ² ³ with ore zones noted open to depth and not tested by the 2012 drilling noted below.
No drilling or underground exploration work was completed on the Property between 1971-2012, until a 2012 diamond drill program focused on the Miya Vein (cross cuts the Emerald Vein trend at 300 degrees) and consisted of 30 drillholes with an average depth of 52 m, covering over 350 m of strike length and returning gold values up to 7 g/t Au with high-grade silver, lead and zinc over 1-5 m intervals.
Outside of historical (and now reverted) crown grants, exploration has been very limited due to glacier and ice cover in the areas to the north and northwest of the historical work, which are now exposed and show significant alteration and some new discoveries around previously ice-covered edges (pre-2013).
Fletcher Morgan, Chairman comments: "I'm very pleased that we were able to acquire the prospective and strategically located Sweeney property for consideration amounting to the vendors' costs. Mr. Travis is continuing to fulfil the Company's goal of having a strategic mineral property acquisition program, as stated in the Company's May 16, 2024 news release. Coast Copper continues to accumulate prospective properties, positioning itself for a market turn in the junior mining space."
Purchase Agreement Terms
Cazador Purchase Agreement Terms
Under the terms of the Cazador purchase agreement ("Cazador Purchase Agreement"), in consideration for a 100% interest in the Property, Coast Copper will make a cash payment of $60,000 to Cazador, which will retain a 1% net smelter return ("NSR") royalty on the Cazador Claims, 0.5% of which may be purchased by Coast Copper for $2 million.
The Company's independent directors completed a review of the Cazador Claims prior to entering into the Cazador Purchase Agreement and agreed to cover Cazador's acquisition costs and initial reconnaissance program, and for Cazador to retain an NSR.
This transaction is considered a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions as the Cazador Claims are being sold to the Company by a director and officer. The transaction is exempt from the formal valuation and minority approval requirements in MI 61-101 as the fair market value of the consideration payable does not exceed 25% of the Company's market capitalization.
Third Party Purchase Agreement Terms
Under the terms of the Third-Party purchase agreement, in consideration for a 100% interest in the Third Party Claims, Coast Copper will make a cash payment of $134 to the Third Party, who will retain a 1% NSR royalty on the Third Party Claims, 0.5% of which may be purchased by Coast Copper for $1 million.
One mineral claim purchased is not adjacent to the Property.
Both purchase agreements are subject to TSX Venture Exchange approval.
Qualified Persons
The technical information contained in this news release has been prepared, reviewed, and approved by Wade Barnes, P.Geo. (BC), Coast Copper's geological consultant and a Qualified Person within the context of the Canadian Securities Administrators' NI 43-101; Standards of Disclosure for Mineral Projects.
About Coast Copper Corp.
Coast Copper's exploration focus is the Empire Mine property, located on northern Vancouver Island, BC, which covers three historical open pit mines and two past-producing underground mines that yielded iron, copper, gold, and silver. Coast Copper's other properties include its 100% owned Sully property located in southeastern BC, Knob Hill NW property located on northern Vancouver Island, its Home Brew property in central BC, and its Scottie West property located in the "Golden Triangle" of northern BC. Coast Copper's management team continues to review precious and base metals opportunities in western North America.
On Behalf of the Board of Directors:
"Fletcher Morgan"
Fletcher Morgan, Chair
NR24-08
Cautionary Notes related to News Release/Maps
¹ This news release may contain information about adjacent properties on which Coast Copper has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
² BC Minfile Record Summary 093E 001 https://minfile.gov.bc.ca/Summary.aspx?minfilno=093E++001
³ Historical information provided cannot be relied upon as the Company's QP as defined under NI 43-101 has not prepared nor verified the historical information. The stated resource is not NI 43-101 compliant and a Qualified Person has not done sufficient work as per NI 43-101 to classify the historical estimate as a current mineral resource and Coast Copper Corp. is not treating this historical estimate as current mineral resources.
4 Surge Copper Corp website and Imperial Metals website
5 2012 Technical Assessment Report for the Miya Property, Lowprofile Ventures Ltd. BC Assessment Report 34241
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed Transaction, private placement, board and management changes, as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by Coast Copper, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although Coast Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
SOURCE Coast Copper Corp.
For further information, please contact: Adam Travis, CEO, Coast Copper Corp., 409 Granville Street, Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E: adamt@coastcoppercorp.com
Ximen Mining Drilling Update: Brett Epithermal Gold Project - Vernon BC
https://www.newsfilecorp.com/release/222025
September 04, 2024 9:00 AM EDT | Source: Ximen Mining Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XMA) (OTC: XXMMF) (the "Company" or "Ximen") announces that it has completed its first hole of the 2024 drill program at its Brett epithermal gold project near Vernon in southern BC.
Figure 1. Cross Section (right) showing planned hole 2 targeting below intercept in B04-06
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/222025_ximenfigure1.jpg
The objective of the drill program is to extend the Main Zone to the southeast and at depth, and to test for extensions to the New Discovery Zone (located east of the Main Zone).
2024 Brett Project: Moving drill to site of first hole
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/222025_ac2319c094bf388d_002full.jpg
Hole B24-01 targeted the Main Zone and intersected a hydrothermally altered and faulted zone in the hanging wall (from 38.43 to 42 m) and footwall (51.84 to 58.66 m) of an altered and amethyst-bearing feldspar porphyry dike. This is the Main zone, which consists of clay alteration and fault gouge containing fragments of vein quartz with disseminated pyrite. Outside of the zone, rock types include light green basalt (weakly altered with calcite, hematite, jasper and 2-5% disseminated pyrite), mafic volcanic breccia (locally clay altered clast with disseminated pyrite), and dark green basalt that is locally calcite altered with disseminated pyrite 2-4%. This hole confirmed that the Main Zone consists of a fault zone that cuts hydrothermally altered and veined rocks intruded by a porphyry dike. A western zone of anomalous gold may correlate with altered volcanic rocks containing disseminated pyrite.
A second drill hole is being drilled from the same site, which is designed to go through the Main Zone and test down dip of an intercept in hole 04-06, reported as 11.35 grams per tonne over a core length of 1.3 meters. This intercept is hosted by volcanic tuff containing amethyst-bearing quartz calcite veinlets (see Figure 1).
Map of Mineralized Zones at Ximen's Brett Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/222025_ac2319c094bf388d_003full.jpg
The Brett project (20,043 hectares) covers low-sulfidation epithermal-style gold mineralization hosted in Eocene Penticton Group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983, and a 291 tonne surface bulk sample was shipped to the smelter at Trail, BC in the 1990's that averaged 27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 NI 43-101 report). Multiple zones of mineralization occur over a two kilometer strike, including both bulk-mineable and bonanza high grade styles. Ximen conducted LiDAR and airborne magnetic surveys over parts of the Brett property in 2022. Interpretation, 3D modeling and target refinement were then completed in preparation for the 2024 drilling program.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.
On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: 604-488-3900, ir@XimenMiningCorp.com
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects, The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.
This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. 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," "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 possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. 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.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
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.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
SOURCE: Ximen Mining Corp.
Induced Polarization Survey Underway at Pacific Ridge's Redton Copper-Gold Project
https://www.newsfilecorp.com/release/221908
September 03, 2024 7:00 AM EDT | Source: Pacific Ridge Exploration Ltd.
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that an induced polarization ("IP") geophysical survey is underway at its 100% owned Redton copper-gold project ("Redton" or the "Project). Redton is located in the prolific Quesnel terrane in northcentral British Columbia and adjoins the eastern boundary of NorthWest Copper Corp.'s Kwanika copper-gold deposits (see Figure 1).
Highlights:
The planned 2024 Redton IP survey comprises eight line-kilometres in three reconnaissance lines to test three target areas in the northern half of the Project.
Redton adjoins the eastern boundary of NorthWest Copper Corp.'s Kwanika copper-gold deposits.
The Project features a 5-km-long north-northwest (NNW) trend of porphyry copper-gold targets located 3.5 km east-northeast (ENE) of the NNW trend of the Kwanika deposits.
The NNW trend of the Redton targets lie on the eastern side of a Late Triassic1 mafic (gabbro-diorite) domain within the Hogem intrusive suite that is considered to predate Early Jurassic monzonitic rocks and porphyry mineralization in the Project area. The Kwanika deposits (200 Ma2; Early Jurassic) lie on its western side. The margin of this Hogem suite domain is considered to be highly prospective by Pacific Ridge.
Redton AeroTEM and 3D model inversions suggest there are ENE-trending cross-structures that are periodically spaced ~1.5 km apart across the Project, and their intersections with NNW trends might be important for localizing porphyry copper-gold deposits in the area.
"Located right next door to NorthWest Copper's Kwanika, I'm optimistic that the IP survey will identify future drill targets," said Blaine Monaghan, President and CEO of Pacific Ridge. "Our 2024 exploration season got off to a slow start but the ZTEM geophysical survey at the Kliyul copper-gold project is complete and our inaugural drill program at the Chuchi copper-gold project is ongoing. I look forward to the exploration results from all three projects."
IP Survey at Redton
The planned Redton IP survey comprises three east-west lines (2.67 line-km each totaling 8 line-km) at 800 m line-spacing. These lines will test three target areas in the northern half of the Project including a portion of the historical East Swan target, the historical Redton East target, and the more recently defined NEX target (see Figure 2) which is similar in size and orientation as the Kwanika Central Zone. The objective of the program is to identify any IP geophysical signatures of interest that can be followed up with infill survey lines and an initial drill test in subsequent years.
East Swan target
The East Swan target area was identified in 2010 following a magnetic-electromagnetic ("EM") survey conducted by Geoinformatics Exploration Inc. The updated East Swan target (1000 x 600 m) lies south of a northeast-trending break in Total Magnetic Intensity ("TMI") aeromagnetics and at the margin of a conductivity high anomaly. It lies along the Hogem suite lithological contact zone of interest and has anomalous results for molybdenum, copper, bismuth, arsenic, silver and gold in the 2022 soil sampling.
Redton East target
The Redton East target (800 x 700 m) copper-in-soil anomaly on the eastern side of the Project was delineated from surface sampling programs in 1972 and by Kiska Metals Corporation in 2011-2012. The area was not covered in the 2022 soil sampling program.
NEX target
The NEX target (1000 x 500 m) was identified in 2022 as a porphyry target area with a similar size and orientation as the Kwanika Central Zone. It lies at the eastern end of an interpreted ENE-trending cross-structure in the AeroTEM geophysical data (AeroQuest and TechnoImaging, 2010) where it intersects with the NNW-trending Hogem suite lithological contact of interest. The target area has anomalous molybdenum-in-soil over the geophysical feature and anomalous copper and silver to the southeast.
Figure 1
Location of Redton and Pacific Ridge's other porphyry copper-gold projects in northcentral BC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/221908_63ef558bb4493a83_001full.jpg
Figure 2
Redton 2024 Induced Polarization Survey Plan and Target Conceptualization
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5460/221908_63ef558bb4493a83_002full.jpg
About Redton
Owned 100% by Pacific Ridge, Redton is over 34 km2 in size and adjoins the eastern boundary of NorthWest Copper Corp.'s Kwanika deposits. Several target areas exist at Redton: Redton North, East Swan, Redton East, NEX, NEX South, and Catchment Basin. In 2022, after completing a targeted soil survey grid in the northcentral part of the Project, the Company identified a surface geochemical target, the NEX zone, which is of similar size and orientation as the Kwanika Central Zone. NEX is located 4.5 km east of the Kwanika South Zone following an interpreted arc-transverse lineament and an AeroTEM geophysical feature of interest.
The Precious Metals Summit Beaver Creek
Pacific Ridge's CEO, Blaine Monaghan, will be attending the Precious Metals Summit Beaver Creek being held September 10 -13. To schedule a meeting, please send an email to ir@pacificridgexploration.com.
1 Cui, Y., Miller, D., Schiarizza, P., and Diakow, L.J., 2017. British Columbia digital geology. British Columbia Ministry of Energy, Mines and Petroleum Resources, British Columbia Geological Survey Open File 2017-8, 9p. Data version 2019-12-19.
2Age date for Kwanika deposit is from Logan, J.M., and Mihalynuk, M.G., 2014. Tectonic controls on Early Mesozoic paired alkaline porphyry deposit belts (Cu-Au ± Ag-Pt-Pd-Mo) within the Canadian cordillera. Economic Geology, 109, p. 827- 858.
About Pacific Ridge
Our goal is to become B.C.'s leading copper-gold exploration company. Pacific Ridge's flagship asset is its 100% owned Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure. In addition to Kliyul, the Company's project portfolio includes the Chuchi copper-gold project, the 100% owned RDP copper-gold project, the 100% owned Onjo copper-gold project, and the 100% owned Redton copper-gold project, all located in British Columbia. The Company would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.
On behalf of the Board of Directors,
"Blaine Monaghan"
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Investor Relations:
Tel: (604) 687-4951
Email: ir@pacificridgeexploration.com
Website: www.pacificridgeexploration.com
LinkedIn: https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-/
Twitter: https://twitter.com/PacRidge_PEX
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.
The technical information contained within this News Release has been reviewed and approved by Danette Schwab, P.Geo., Vice President Exploration, and a Qualified Person as defined by National Instrument 43-101 policy.
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Forward looking statements in this news release include the Induced Polarization geophysical survey at Redton. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.
SOURCE: Pacific Ridge Exploration Ltd.
Golden Cariboo Resource: Visible Gold in Three Drill Holes - Sampling and Shipping Update
https://thenewswire.com/press-releases/1BglFWlbx-visible-gold-in-three-drill-holes-sampling-and-shipping-update.html
September 4, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) wishes to announce the Company’s sampling and shipping progress of drill holes QGQ24-13 through QGQ24-15, all of which contain multiple examples of visible gold. Drill holes QGQ24-13 through QGQ24-15 have been sampled in their entirety and sent to ALS Geochemistry in North Vancouver for assay, where they are currently undergoing sample preparation and geochemical testing. Please refer to the July 18, 2024 news release for further information about these drill holes.
“The Company is eagerly awaiting the assay results from these broad zones of quartz veining containing visible gold.” – Frank Callaghan, President & CEO
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
Instagram, Facebook, X (Twitter), LinkedIn
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.
Independence Gold Intersects 11.00 Metres of 6.14 g/t Gold and 59.64 g/t Silver in the Ted-Mint Vein System at the 3Ts Project, BC
https://www.newsfilecorp.com/release/221703
September 03, 2024 8:00 AM EDT | Source: Independence Gold Corp
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) - Independence Gold Corp. (TSXV: IGO) (OTCQB: IEGCF)
West Mining Announces Exploration Program on Spanish Mountain West Property
https://www.accesswire.com/911516/west-mining-corp-announces-exploration-program-on-spanish-mountain-west-property
Tuesday, 03 September 2024 05:00 AM
VANCOUVER, BC / ACCESSWIRE / September 3, 2024 / WEST MINING CORP. ("WEST" OR THE "COMPANY") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce commencement of its 2024 exploration program on the 100% owned Spanish Mountain West Property in central British Columbia. As a first step, the program will integrate new multispectral satellite image analysis with existing geophysical and sampling surveys to identify high potential gold, copper and silver targets for follow-up field investigation this summer.
The multispectral analysis will use digital image processing based on the European Space Agency Sentinel 2 MultiSpectral Instrument data, augmented with CBERS4A, LANDSAT and ASTER imagery to create composite images based on Principal Component Analysis (PCA) targeting potential mineral alteration occurrences. Targets identified from this work will be defined in greater detail by high resolution satellite image capture and analysis. These datasets will be integrated with existing airborne magnetic and field sampling surveys before follow-up in the field.
As noted in a West news release dated December 1, 2021, previous soil geochemical surveys successfully identified multi-element and multi-station soil anomalies of key pathfinder elements associated with gold mineralization at the nearby Spanish Mountain deposit.
The Spanish Mountain West Property covers 1,062 hectares and is underlain by Middle to Upper Triassic basalts of the Nicola Group in the southwest, and Middle to Upper Triassic sedimentary strata of the Slocan Group to the northwest.
Nader Vatanchi, West Mining's Chief Executive Officer, said "We are happy to begin work on the Spanish Mountain West Property and expand on the previous work done in 2021. The Company looks forward to the results for this project and for the Junker project respectively."
The Company also announces that Linda Dandy, P.Geo., has resigned from her position as VP of Exploration of the Company, effectively immediately, to focus on other endeavors. However, Ms. Dandy will continue to support the Company as a consultant. The board and management of the Company thanks Ms. Dandy for her past and future contributions to the Company.
Harrison Cookenboo, Ph.D., P.Geo., a "Qualified Person" for the purpose of National Instrument 43-101, has reviewed and approved the contents of this news release.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100% owned, 9000-hectare prospective Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties: Kena, Daylight and Athabasca. A 2021 NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold, and Daylight Zones. The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene, and Great Eastern gold mines. Along trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine. The Company also holds a 100% interest in its Spanish Mountain and Junker properties.
For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.
Contact Information
Nader Vatanchi
CEO
nadervatanchi@hotmail.com
778-881-4631
SOURCE: West Mining Corp.
VIZSLA COPPER EXPANDS DEERHORN GOLD-COPPER DEPOSIT WITH AN INTERSECTION OF 1.16 G/T AUEQ OVER 86.0M
https://www.newswire.ca/news-releases/vizsla-copper-expands-deerhorn-gold-copper-deposit-with-an-intersection-of-1-16-g-t-aueq-over-86-0m-819441461.html
Vizsla Copper Corp. Sep 03, 2024, 08:00 ET
VANCOUVER, BC, Sept. 3, 2024 /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (FRANKFURT: 97E0) ("Vizsla Copper" or the "Company") is pleased to report the first batch of analytical results from the ongoing summer core drilling program on the Woodjam project (the "Woodjam Project" or "Woodjam") in central BC (Figure 1). The Woodjam project is home to several porphyry-related copper and gold deposits, including the Southeast and Deerhorn deposits.
HIGHLIGHTS
Figure 1 – Woodjam Project (CNW Group/Vizsla Copper Corp.)
Figure 2 – Deerhorn Drilling Plan (CNW Group/Vizsla Copper Corp.)
Figure 3 – Drill Hole DH24-120 Cross Section (CNW Group/Vizsla Copper Corp.)
Figure 4 – Deerhorn Zone Isometric View (Looking down from the southwest) (CNW Group/Vizsla Copper Corp.)
Deerhorn Drill Hole (DH24-120)
DH24-120 intersected 86.0m @ 0.91 g/t Au, 0.18% Cu (1.16 g/t Aueq and 0.84% Cueq) from 191.0 to 277.0m (>0.2 g/t Au).
Within this broad intersection is a higher-grade interval of 68.5m @ 1.07 g/t Au, 0.18% Cu (1.32 g/t Aueq and 0.96% Cueq) from 208.5 to 277.0m (>0.5 g/t Au).
Drill Hole DH24-120 is the first drill hole of the summer core drilling program
The intersection extends higher grade gold mineralization at Deerhorn to the south and is wide open for further expansion in that direction
Drilling Program has been expanded from an initially planned 8 drill holes (3,200m) to 10 drill holes (4,000m).
"I'm pleased that our exploration team continues to execute on our high-impact exploration targeting initiatives," commented Craig Parry, Executive Chairman. "The high gold grades in the Deerhorn deposit are compelling and may be the key to future development scenarios at Woodjam."
"Drill hole DH24-120 is a great way to start the summer drill program, as it extends the higher-grade gold zone to the south at the Deerhorn deposit," commented Steve Blower, Vice President of Exploration. "Deerhorn expansion remains a top priority, along with evaluation of other high impact targets at the Three Firs copper-gold zone, the Megaton zone and the higher-grade gold portions of the Southeast deposit."
The Drill Hole
Drill hole DH24-120 was designed to extend the high-grade gold-copper porphyry related mineralization at the southwest portion of the Deerhorn deposit to the south. The drill hole was successful with the intersection of intense quartz-chalcopyrite-magnetite stockwork and sheeted veins that returned a broad interval of 86.0m @ 0.91 g/t Au, 0.18% Cu (1.16 g/t Aueq and 0.84% Cueq) from 191.0 to 277.0m (>0.2 g/t Au). A higher-grade portion (>0.5 g/t Au) returned 68.5m @ 1.07 g/t Au, 0.18% Cu (1.32 g/t Aueq and 0.96% Cueq) from 208.5 to 277.0m. Figures 2, 3 and 4 show plan, section and isometric views of the intersection, respectively. The mineralization is hosted by Upper Triassic to Lower Jurassic Nicola volcanic rocks and coeval intrusive bodies.
The Next Steps
The core drilling program at the Woodjam and contiguous Redgold projects is ongoing and has been expanded to 10 drill holes (4,000m) from an initially planned 8 drill holes (3,200m). A total of six drill holes have been completed to date (at Deerhorn, Southeast and Three Firs). The remaining four will be completed at Redgold and Three Firs. Additional analytical results will be released as they are received.
Sampling, Chain of Custody, Quality Assurance and Quality Control
All sampling was conducted under the supervision of Vizsla's geologists and the chain of custody from the sampling facility in Horsefly to the sample preparation facility, ALS Laboratories in Kamloops, BC, was continuously monitored.
Core samples were taken as ½ core, from a minimum of 0.3 m to a maximum of 2 m core length to account for lithological or alteration boundaries. Samples were then crushed, pulverised and sample pulps were analysed using industry standard analytical methods including a 4-Acid, ICP-MS multielement package (ALS code ME-MS61) and an ICP-AES method for high-grade copper samples (ALS code ME-OG62). Gold was analysed using a 30 g aliquot by fire assay with an ICP-AES finish (ALS code Au-ICP21).
Certified reference material was inserted every 10th sample. Coarse blank was inserted every 20th sample. For approximately 2.5% of core samples, the remaining ½ core was taken as a field duplicate. For 2.5% of core samples a preparation duplicate is taken after coarse crushing is complete at the laboratory.
In addition to Vizsla's QA/QC program, additional blanks, reference materials and duplicates were inserted by ALS according to their internal procedures. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.
Figure 1 – Woodjam Project
Figure 2 – Deerhorn Drilling Plan
Figure 3 – Drill Hole DH24-120 Cross Section
Figure 4 – Deerhorn Zone Isometric View (Looking down from the southwest)
About Vizsla Copper
Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. The Company is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper properties: Poplar, Copperview, and Redgold, all well situated amongst significant infrastructure in British Columbia. The Company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.
Vizsla Copper is a spin-out of Vizsla Silver (TSX.V: VZLA) (NYSE: VZLA) and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector. Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.vizslacopper.com).
Qualified Person
The Company's disclosure of technical or scientific information in this press release has been reviewed and approved by Ian Borg, P.Geo., Senior Geologist for Vizsla Copper. Mr. Borg is a Qualified Person as defined under the terms of National Instrument 43-101.
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
The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof 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" or the negative connotation thereof. Forward-looking statements in this news release include, among others, statements relating to: obtaining required regulator approvals for the Copperview Acquisition and the RG Copper Acquisition; satisfying the requirements of the Underlying Option Agreement; the exploration and development of the Woodjam Project, Redgold Project and Copperview Project; and the Company's growth and business strategies.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned exploration activities, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual events or results in future periods to differ materially from any projections of future events or results expressed or implied by such forward-looking information or statements, including, among others: negative operating cash flow and dependence on third party financing, uncertainty of additional financing, no known mineral reserves or resources, the limited operating history of the Company, the influence of a large shareholder, aboriginal title and consultation issues, reliance on key management and other personnel, actual results of exploration activities being different than anticipated, changes in exploration programs based upon results, availability of third party contractors, availability of equipment and supplies, failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry, environmental risks, changes in laws and regulations, community relations and delays in obtaining governmental or other approvals.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by 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 forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.
SOURCE Vizsla Copper Corp.
Contact Information: For more information and to sign-up to the mailing list, please contact: Craig Parry, Executive Chairman, Chief Executive Officer, Tel: (604) 364-2215 | Email: info@vizslacopper.com
Goliath Intercepts The Highest Concentration Of Visible Gold To Date At Surebet Where 66% Of 2024 Drill Holes Contain Visible Gold, Discovers New Deep Mineralized Zone 1.2 Km Below Surface, Remains Open, And Significantly Expands Drilling To 36,000 Meters With 8 Rigs Turning
https://ca.finance.yahoo.com/news/goliath-intercepts-highest-concentration-visible-110800577.html
Goliath Resources Limited
Tue, September 3, 2024 at 4:08 a.m. PD
General Copper Gold Announces the Commencement of Further Exploration Following the Initial Drill Program That Successfully Targeted an Untested IP Anomaly and Intersected Copper Mineralization of 0.5% over 76.95m
https://www.newsfilecorp.com/release/221475
August 29, 2024 11:21 AM EDT | Source: General Copper Gold Corp.
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - General Copper Gold Corp. (CSE: GGLD) (FSE: 7S50) (OTCQB: GNRGF) (the "Company") is pleased to announce the commencement of further exploration and additional analysis following the Company's initial drill program. The drill program successfully targeted an anomaly, identified by their IP survey.
All three holes of this initial program successfully intersected the identified structure of Target 1, which remains open in all directions, along strike and down dip. The structure appears to be an altered shear zone, with significant quartz along with pyrite and pyrrhotite veins and chalcopyrite.
As part of the further exploration program the Company will log and assay untested, near surface drill core that on further examination has indications of fine sulphides and other indicator minerals associated with gold mineralisation.
Previous results from 2022 drill campaign are:
TM-22-03
From 151.05 to-228m, 76.95m of 0.5% Cu
TM-22-02
From 130.5 to-229.5m, 99m of 0.3% Cu
TM-22-01
From 131.5-208m, 76.50m of 0.38 % Cu
Including:
From 136-149.5m, 13.5m of 0.49% Cu
From 179.5-205m, 25.50m of 0.55% Cu
Planned 2024 Program
1: Once bonding is secured, the Notice of Work permit is valid for a period of 5 years.
2: The core has been moved to a central core facility in Houston, BC. On examination, of some of the previously drilled core sections many have oxidation (rust) that indicated fine sulfides not previously sampled. The Company is undergoing relogging with sampling and assay section not previously sampled. Certain samples will be rushed to help further define mineralized zones.
3: Plan fall diamond drill program to follow up on previous drilling and new assays.
The company also announces that it has arranged for a non-brokered private placement to raise up to $500,000 through the issuance of up to 10 million units at a price of $0.05 per unit. Each unit will consist of one common share and one common share purchase warrant exercisable at $0.10 for two years from the date of issue. The net proceeds from the private placement are expected to be used for general corporate purposes.
All securities issued under the private placement will be subject to a four-month resale restriction from the date of issuance. The completion of the private placement remains subject to the approval of the Canadian Securities Exchange.
Garry Clark, P. Geo., of Clark Exploration Consulting, is the "qualified person" as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
District of British Columbia - Babine Copper-Gold Porphyry
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7631/221475_9d960e9994110a34_001full.jpg
About General Copper Gold Corp.
General Copper Gold Corp. is an independent mineral exploration company based in Vancouver, British Columbia that is engaged in the business of exploring for and evaluating mineral properties.
General Copper Gold is currently exploring the 2,313-hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008, 2015 as well as geophysical surveys in 2021. There are significant historical drilling intercepts, and the 2021 geophysics has highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the Company.
For further information, please contact:
General Copper Gold Corp.
Michael Curtis, President
T: (604) 639-4452
E: mcurtis@intrepidfinancial.ca
Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the results and exploration of the Topley Richfield mineral property. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; and the other factors described in our public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
The CSE has in no way passed upon the merits of the proposed transactions and neither has approved nor disapproved the contents of this press release.
SOURCE: General Copper Gold Corp.
Origen Mobilizes Field Crew to the Wishbone Property
https://www.newsfilecorp.com/release/221483
August 29, 2024 8:30 AM EDT | Source: Origen Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") Origen is pleased to announce the start of exploration on its 100% owned Wishbone Property located in the prolific Golden Triangle in northwestern British Columbia, adjacent to the Galore Creek project2 jointly owned by Teck and Newmont.
Project Highlights
100% owned high grade gold and silver project located in the centre of the Golden Triangle in northwestern BC.
Gold in soil samples of up to 8.5 ppm gold with the underlying source currently unknown.
Rock grab samples1 of greater than 100 ppm gold coming from both sides of a rapidly receding glacier.
9 km strike of gold and silver rich surface samples.
Field teams will conduct a soil sampling program that aims to test along strike of the 'Windy Target', where 2023 soil samples returned strongly anomalous values highlighted by one sample returning 8.5 ppm gold. All nine drill holes completed in 1987 on the Windy Target intersected gold in a series of veins with one interval returning 7.7 metres of 3.2 ppm gold. Subsequent soil sampling revealed an area to the south of the 1987 drilling area with very high values of gold in soil - the extent of this southern soil anomaly will be in the focus of the upcoming work program.
Figure 1 Map of proposed 2024 work area with previous soil sample results and historical drill collars
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7117/221483_origenimg1.jpg
The team will also prospect newly exposed areas around the 'Central Glacier' testing large scale structures that were identified by interpretation of 2020 aerial geophysics and extend underneath ice cover. 2023 field samples from boulders found along the southern edge of the Central Glacier returned 203 ppm gold in an area that was previously identified as being a primary silver rich zone1. This sample is compared to the 175.5 ppm gold sample collected from a glacial boulder on the northern edge of the same glacier in 20211. No source has been found for these high-grade boulders to date.
Figure 2 Satellite Imagery taken 18 August 2023 vs 14 August 2010 showing the dramatic retreat
of glaciers since the area was mapped. Ice has receded 1.2 km up the valley from 1990 levels.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7117/221483_origenimage2.jpg
1Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not intended to provide nor should be construed as a representative indication of grade or mineralization at the Project.
2 Referenced nearby historic resources, deposits and mines provide geologic context for the Project, but are not necessarily indicative that the Project hosts similar potential, size or grades of mineralization.
Thomas Hawkins, P.Geo. (#39892), a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Thomas Hawkins
Managing Director
For further information, please contact Gary Schellenberg, Chief Executive Officer, at 604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE: Origen Resources Inc.
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First "New" Gold Mine to Open in BC for 10 Years -
QR Mine one of BC large gold mines -
investorshub.advfn.com/boards/board.aspx
investorshub.advfn.com/boards/board.aspx
British Columbia (B.C.) is positioned to become a powerhouse province in the commodity boom that has just begun.
investorshub.advfn.com/boards/board.aspwww.cambridgehouse.ca/ch_jan2009.html
www.ivarkreuger.com/metalcharts.htm www.minesite.com/companies/comp_single/company/cross-lake-minerals.html
www.bcadventure.com/adventure/explore/cariboo/cities/quesnel.htm
www.city.quesnel.bc.ca/Community/history.asp
Map of BC mining plays etc. (Not a company list.)
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/OpenFiles/2010/Documents/OF2010-1.pdf
Major Exploration Programs NW Region (Companies are listed).
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/2009_NW.pdf
The Big Picture
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/ExplorationinBC/Documents/2009/BCExploration-and-Mining2009.pdf
Mineral Exploration Roundup 2009
January 26 - 29, 2009 - Westin Bayshore Vancouver
Pre registration for the conference is now closed.
If you wish to register for the conference, you will need to register on-site at the Westin Bayshore. On-site registration hours are available here.
Limited Tickets Remaining for the Luncheons and Awards Dinner!
There are a limited number of tickets remaining for our popular keynote events. Although registration for the conference has now closed we are offering the opportunity to purchase tickets to the special events by phone.
To purchase event tickets please call 604.689.5271 x 239.
Tickets Available:
AME BC Health and Safety Awards Luncheon
Keynote Speaker: Robin Sheremeta, General Manager & Team Leader, Safety Performance, Teck Coal Limited Elkview Operations
www.investcom.com/moneyshow/gold_cariboo.htm
www.crosslakeminerals.com/i/pdf/Presentation.pdf
BC & Yukon Chamber of Mines -
British Columbia -
http://www.bc-mining-house.com/
The BC & Yukon Chamber of Mines supports and promotes the mineral exploration community and related services.
www.amebc.ca/
The news focuses on mining in BC, Canada and the International arena. ... News or to find out how to become a subscriber, contact us: mabcinfo@mining.bc.ca ...
http://www.mining.bc.ca/news_events/news.htm
The NBK Institute of Mining Engineering is constantly improving the services that we offer to both the academic community and the general public.
http://www.mining.ubc.ca/
Let Intierra assist you in all of your information
mapping requirements
intierramapping.com/index.asp
http://gateway.cotr.bc.ca/Default.asp
World www.goldstandardinstitute.com/index.html
2010 Worldwide Mining Events Calendar
http://www.infomine.com/events/calendar/2010/
Resource Investment Conference -
Vancouver Convention and Exhibition Centre
http://www.cambridgehouse.ca/index.html
http://www.cambridgehouse.ca/ch_register.html
Useful PM related sites:
http://www.24hgold.com/
http://www.jsmineset.com/
http://www.marketwatch.com/
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.dailyreckoning.com/
http://www.goldenbar.com/
http://www.silver-investor.com/
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com/
http://www.fgmr.com/
http://www.goldensextant.com/
http://www.goldismoney.info/index.html
http://www.howestreet.com/
http://www.depression2.tv/
http://www.un-debt.net/
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com/
http://www.miningstocks.com/
http://www.mineralstox.com/
http://www.freemarketnews.com/
http://www.321gold.com/
http://www.silverseek.com/
http://www.investmentrarities.com/
http://www.kereport.com/ (Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm (in Spanish)
http://www.plata.com.mx/plata/plata/english.htm (in English)
http://www.resourceinvestor.com/
http://www.miningmx.com/
http://www.prudentbear.com/
http://www.dollarcollapse.com/
http://www.kitcocasey.com/
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
http://www.goldcore.com/
http://coininfo.com/
http://www.insidegold.com/
http://www.goldmau.com/
http://www.milesfranklin.com/
http://www.silverminers.com/
http://www.gold-speculator.com/
http://bullion.nwtmint.com/
http://www.preciousmetalsmonthly.com/
http://www.silverstockreport.com/
http://www.longwavegroup.com/
http://theaureport.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.marketforceanalysis.com/
http://www.hsletter.com/
http://www.interventionalanalysis.com/
http://www.investmentindicators.com/
http://www.caseyresearch.com/
http://www.deepcaster.com/
http://www.vrtrader.net/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
http://cambridgehouse.com/
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