Cerro de Pasco Resources Provides Update

https://ca.finance.yahoo.com/news/cerro-pasco-resources-provides-134000150.html

Cerro de Pasco Resources
Tue, April 23, 2024 at 6:40 a.m. PDT·6 min read

GPPRF
0.00%

MONTREAL, April 23, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (Frankfurt: N8HP)

Kuya Silver Provides Update on Mine Start-Up and Uncovers New Major Silver-Mineralized Vein Zone South of the Bethania Mine, Peru Kuya

Targeting Commencement of Production at Bethania in H1 2024

https://www.newsfilecorp.com/release/206307

April 23, 2024 8:00 AM EDT | Source: Kuya Silver Corporation

Toronto, Ontario--(Newsfile Corp. - April 23, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1)

Element79 Gold Reports Additional Assay Results Reinforcing Lucero Project's Momentum

https://thenewswire.com/press-releases/1BQPFWDZr-element79-gold-corp-reports-additional-assay-results-reinforcing-lucero-project-s-momentum.html

VANCOUVER, BC / TheNewswire / April 23, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS0)

Inca One Reports US$11.8 Million Sales in Calendar Q1 2024

https://www.newsfilecorp.com/release/205968

April 18, 2024 5:30 AM EDT | Source: Inca One Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)

Bear Creek Mining Announces Q1 2024 Mercedes Production of 12,228 Ounces of Gold

Average Q1 2024 gold grades 33% higher than 2023 full year average and development advances continue at improved pace

https://www.newsfilecorp.com/release/205748

April 17, 2024 7:45 AM EDT | Source: Bear Creek Mining Corporation

Vancouver, British Columbia--(Newsfile Corp. - April 17, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM)

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

https://ca.finance.yahoo.com/news/buenaventura-announces-first-quarter-2024-222300379.html

Business Wire
Tue, April 16, 2024 at 3:23 p.m. PDT·6 min read

BVN
-1.95%

LIMA, Peru, April 16, 2024--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM

Peruvian Metals Closes Acquisition of 50% Interest in San Maurizo Mines

https://www.newsfilecorp.com/release/205068

April 11, 2024 8:13 AM EDT | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - April 11, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals"), further to its press release of February 28, 2024 (the "Prior Press Release"), is pleased to announce the closing of its acquisition of a 50% interest in San Maurizo Mines Inc. ("San Maurizo"), a private Manitoba-based company (the "Transaction"). Pursuant to the Transaction, Peruvian Metals has issued 2,500,000 common shares to the vendor in order to acquire the interest in San Maurizo following receipt of TSX Venture Exchange approval. This strategic collaboration paves the way for both entities to collectively develop the promising Mercedes gold-silver-lead-zinc-copper mineral property, situated in central Peru. Please see the Prior Press Release for more information.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade sulphide concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.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.

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

SOURCE: Peruvian Metals Corp.

Hannan Identifies Another Large Porphyry Gold-Copper Target at Valiente, Peru

https://www.accesswire.com/851934/hannan-identifies-another-large-porphyry-gold-copper-target-at-valiente-peru

Wednesday, 10 April 2024 08:15 AM

VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / Hannan Metals Limited's ("Hannan" or the "Company") (TSXV:HAN)(OTCPK:HANNF) surface sampling at the 100%-owned Valiente project in Peru has identified an 1,800 m by 400 m alkalic porphyry-epithermal target. The discovery, named Previsto East, contains anomalously high gold in soil samples, associated with multiple large local copper and gold mineralized boulders, in an area covered by scree and soil cover from 1 m to 5 m thick.

The Previsto East discovery is the eighth significant porphyry and/or epithermal target discovered within an area of 25 km by 10 km at Previsto and Belen which Hannan now believes represents a giant porphyry cluster. As surface field work continues, both the number and tenor of individual targets has continually improved (Figures 1 and 2).

Highlights:

The footprint of the 100%-owned Miocene porphyry cluster at Valiente keeps expanding and further validates the discovery of a giant porphyry district.
At Previsto East the first gold-rich copper porphyry-epithermal target has been identified over a large area:
Rock chip and soil sampling at Previsto East have identified an 1,800 m by 400 m porphyry-epithermal target defined by strongly gold anomalous soil samples and a large local copper and gold mineralized boulder field with up to 0.64 g/t gold ("Au") in soils and up to 1.85 g/t Au in boulders.
Large outcrops of copper oxide mineralization of a similar style have been discovered 3.5 km west of the Previsto East target during recent field work (Figure 10). Assays from this outcrop are pending.

Michael Hudson, CEO, states: "Hannan's 100%-owned Valiente project keeps getting better with our teams expanding and making new discoveries every month. The scale of the Previsto East gold-rich copper porphyry system identified here competes with some of the best pre-discovery stage porphyry projects. The larger Previsto area remains largely unexplored, and our teams are now actively expanding the footprint to identify additional copper and gold rich targets adjacent to Previsto East. Excitingly early-stage prospecting has identified large outcrops of copper oxide mineralization of a similar style 3.5 km west of the Previsto East target during recent field work. We believe our work is demonstrating a giant porphyry cluster with the footprint likely to expand with further mineral prospecting during 2024."

Geological discussion

During 2021 Hannan staked 1,002 km2 of 100% owned mining concessions at Valiente covering unexplored terrain for potential mineralized porphyry targets in central eastern Peru. Early surface prospecting discovered two outcropping copper-gold porphyry targets and one epithermal target at Belen (see Press Release Feb 16, 2023) that is now being drill permitted (Figures 1 and 2). Porphyry discoveries quickly followed at Serrano Norte, Serrano and Pucacunga. The focus more recently has been on Previsto. At Previsto and Belen a giant porphyry cluster within an area of 25km by 10km with eight porphyry and/or epithermal targets now identified in more detail with up to 10 earlier stage targets awaiting further work.

The most recent discovery, Previsto East outlined here is the first gold-rich copper porphyry epithermal target. Hannan geologists anticipate that the porphyry footprint will expand during 2024 as surface work moves into adjacent zones, with large outcrops of oxide copper mineralization of a similar style discovered 3.5 km west of the Previsto East target during recent surface prospecting (Figure 10). Assays from this outcrop are pending.

At Previsto East mineralization and alteration mapping of boulders, up to 5m3 in size, across the entire 1,800 m by 400 m target area have been identified. The observed styles of mineralization and alteration in boulders supports previous interpretation of an alkalic gold-rich porphyry epithermal target. Trace element association of gold and copper mineralized boulders are Cu-Au-Te-V-Pb-Mo. Alteration assemblages and mineralization styles from boulders in the 1.8 km long area include: hydrothermal breccias, intense phyllic alteration and relics of potassic alteration, roscoelite veining/dissemination and replacement of feldspars, vuggy silica textures and possible lattice bladed quartz. Observed sulfide minerals includes chalcopyrite, bornite, covellite, molybdenite, pyrite. (Figures 8 and 9). Veining is rare and generally only thin quartz and quartz-pyrite-iron oxide veinlets have been observed in boulders. Trace element associations to copper and gold mineralized boulders shows a Cu-Au-Te-V-Pb-Mo correlation. Phyllic alteration is strong and is characterized by quartz-pyrite-sericite/illite. Roscoelite and locally fuchsite selectively replaces K-felspar phenocrysts. Both minerals have been identified by portable XRF. Roscoelite also occurs in veins, veinlets and disseminations, whereas fuchsite only been observed in one location.

Rock chip sampling at Previsto East as identified an 1,800 m by 400 m porphyry-epithermal target defined by strongly gold anomalous large local copper and gold mineralized boulder fields with up to 1.85 g/t Au in boulders. A total of 84 rock samples from large local boulder fields and boulders in metre deep pits ranged from 1.85 g/t Au to <0.001 g.t Au, and averaged 0.15 g/t Au and 0.73% Cu to 0.01 % Cu and averaged 0.08 % Cu (Figure 2).

Soil results at Previsto East over an area of 1,800 m by 450 m show very strong correlation with mineralized boulders. Soil anomalies show good correlation with pathfinder elements (Figures 3 to 6). A total of 362 soil samples in a 100 m by 100 m grid and ridge-top samples assayed from 0.63 g/t Au to <0.001 and average 0.02 g/t. Of these 29 samples returned extremely high soil values between 0.10 to 0.63 g/t Au in a coherent area coinciding with mineralized boulders (Figures 3 to 6).

About the Valiente project

The 100% owned Valiente project is in central eastern Peru, east of the city of Tingo Maria (Figures 1 and 2). The area is characterized by steep topography on the eastern flank of the Central Cordillera with elevations between 800 m and 2,000 m above sea level (a.s.l.). The project was discovered in 2021 during an extensive greenfields exploration program initiated by Hannan. Hannan holds 1,002 sq km of mineral tenure prospective for back-arc porphyry copper-gold systems at the Valiente Project in central eastern Peru. The company has been actively exploring the project since 2021 and successfully gained social permits all areas of interests in the zone. In January 2024 Hannan submitted it first drilling application (DIA) covering two porphyry targets and one epithermal target at the Belen zone (click here for news release). The company is now expanding the footprint by exploring new areas to build a pipeline of projects that will be permitted, and drill tested over the coming five years.

Technical Background

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

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

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

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

On behalf of the Board, Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
"Michael Hudson" Mariana Bermudez, Corporate Secretary,
Michael Hudson, Chairman & CEO +1 (604) 685 9316, info@hannanmetals.com
Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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

Rio Silver Finalizing Access Agreements for Jorimina Property, Peru

https://ca.finance.yahoo.com/news/rio-silver-finalizing-access-agreements-130000289.html

Rio Silver, Inc.
Wed, April 3, 2024 at 6:00 a.m. PDT·4 min read

RYOOF
0.00%

VANCOUVER, British Columbia, April 03, 2024 (GLOBE NEWSWIRE) -- Rio Silver or the "Company", TSX.V: RYO, is pleased to announce it is finalizing an access agreement with the local community for its 100% owned Jorimina project "Jormaina", Department of Ayacucho, Peru. This agreement facilitates a diamond drill program planned to commence later this year.

Jormina is located within the Niñobamba Project which covers an area of 4205 hectares. The Main Niñobamba zone is located 7 kilometres to east of Jormina where a significant Au-Ag high sulphidation is present. Joramina was extensively explored by Newmont Mining Corp. “Newmont” from 2009 to 2011. The Company acquired the area from Newmont in 2016 along with an extensive database including surface and drill results and reports from an exploration program encompassing four prospective precious metal targets. The exploration programs identified extensive alteration zones believed to also be part of an extensive high-sulphidation silver-gold system identified at the Company’s adjacent Niñobamba zone.

The Company is extremely pleased to have achieved this important milestone. Jorimina was recognized by Newmont as having all the necessary elements to be capable of hosting a precious metal epithermal resource. Newmont completed thirteen diamond drill holes totaling 4377 metres at Jorimina. Drill highlights from the historic reports available showing hole JOR-001 returning 72.3 metres of 1.19 grams per tonne (“g/t”) Au starting at 53 metre depth. Historic drill holes were widely spaced in an area covering 100 hectares with drill holes spaced over 150 metres apart. Results are historic in nature and should not be relied on. Rio Silver initially plans to confirm the historic surface results and drill results and to determine the shape and the orientation of the precious metal mineralization. The Company is scheduled to receive all necessary permits by Q3, 2024 necessary to initiate a small drill program to confirm the Au-Ag mineralization.

The surface rights of the Company’s Main Niñobamba Zone located east is controlled by a different community. The Company plans to initiate a new dialogue in 2024 to obtain a permit for surface drilling in 2025. Historical diamond drilling results conducted by Anglogold on the "Main Zone” in 2001 reported assay results at DDH-2 of 87 g/t silver over an interval of 130 metres starting from a depth of nine metres, and DDH-4, reporting 54 g/t silver over a drilled interval of 96 metres starting from 23 metres. Highlights from the trenching program conducted by the Company in 2012 at the Niñobamba “Main Zone” discovered a new gold-silver mineralized zone which included 56 metres of 1.03 g/t Au and 98.9 g/t Ag in trench TR-01 and 21.77 metres of 1.32 g/t Au and 102.46 g/t Ag in TR-04 ending in mineralization (see Rio Silver News Release of January 14, 2013). These results show that the main zone on the Niñobamba property has a strong gold component, and further exploration is required to determine the precious metal zonation, alteration patterns and widths. The trenches were cut approximately perpendicular to the mineralized structure, and the true width of mineralization cannot be determined at this time.

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

About Rio Silver Inc.

Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favorable precious metals bull market. Our Peruvian precious metal assets are wholly owned with no royalty obligations. The Ninobamba area Au/Ag targets are economically attractive as the mineralization suggests near surface, bulk mineable open pit targets.

Rio Silver is pleased with our host country as the Government continues to support mining policies ensuring continued growth and opportunity throughout Peru.

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

“Chris Verrico”

Christopher Verrico
604-762-4448
Chris.verrico@riosilverinc.com
Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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

Inca One Reports February Sales of US$5.02 Million

March 26, 2024 5:30 AM EDT | Source: Inca One Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)

Element79 Gold -- Extensive Channel Sampling and Mapping Reveal Promising Exploration Horizons on Lucero Property

https://thenewswire.com/press-releases/1AXXFX2eX-element79-gold-corp-extensive-channel-sampling-and-mapping-reveal-promising-exploration-horizons-on-lucero-property.html

VANCOUVER, BC / THE NEWSWIRE / March 26, 2024 – Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", the "Company) is pleased to provide additional updates on recent efforts on its Lucero property, further highlighting the flagship project's vast potential.

The latest underground mapping and channel sampling efforts on Element79's Lucero property have revealed additional insights, surpassing initial expectations. Accessible historical working, originally estimated at just 2.5 km, has been significantly. Recent work has documented an expansive network spanning 8.9 km of workings (Figure 1 and 2), with 85% now meticulously mapped and sampled. These findings significantly expand our understanding of Lucero's geological landscape, positioning the Company for unprecedented exploration opportunities.

To date a total of 19 adits have been mapped, with 10 additional adits remaining for underground mapping. In addition to discovery of significantly more accessible working, work done between October and December yielded significant insight into the project’ gold-silver mineralization. Below are some of the highlights of recent and historical workings:

Mineralization conforms to the intermediate sulfidation epithermal style, characterized by Au-Ag veins with associated lead and zinc sulphides.

Subvertical structures, hosted with dacite tuffs are the primary controls of the mineralized veins, with an average vein width of 0.40m.

Within the Apacheta zone, mineralization remains open at depth and towards the northwest.

Two structures exhibiting significant exploration potential for gold-silver mineralization have been identified: the Promesa vein and the Pillune sector.

Notably, the Pillune sector appears hosts a well-defined ore shoot, highlighting its substantial mineralization potential.

"As we advance on this journey of discovery, our commitment to unlocking Lucero's vast potential through collaborative relationships remains unwavering," said James Tworek, CEO of Element79. "With each milestone, we inch closer to realizing our vision of sustainable and responsible resource exploration and production. We remain dedicated to creating enduring value for our shareholders and fostering prosperity within the communities we operate."

Drawing from historical Buenaventura reports spanning 2005-2008, enriched by continued community engagement, Element79 has unearthed compelling prospects for exploration.


Click Image To View Full Size

Figure 1. Lucero Project location map of fall 2023 underground mapping, focused on the Apacheta, Pillune and Sando Alcalde historic mining areas.


Click Image To View Full Size

Figure 2. Isometric view with geology draped on topography, looking north, with recently mapped working (light yellow).

Notably, our exploration timeline underscores our efficient utilization of resources. This strategic resource allocation ensures the completion of ongoing initiatives and paves the way for secondary mapping and geochemistry programs in additional zones beyond Apacheta, Pillune, and Sando Alcalde.

"Lucero project's extensive potential continues to unfold as we compile drilling targets in the northwest region, where surface indicators of vuggy silica hint at underlying mineralization," said Kim Kirkland, Chief Operating Officer at Element79 and Registered Professional Geologist. "As we continue to chart new territories and push the boundaries of exploration on our flagship property, these prospects ignite a palpable sense of anticipation and excitement, propelling Element79 towards new frontiers of discovery."

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Director of Element79 Gold and a "qualified person" as defined by National Instrument 43-101.

About Element79 Gold Corp.

Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in 2024.

The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) (see 43-101 technical report titled: Amended Technical Report on the Maverick Springs Project, Nevada, USA, by Allan Armitage, PhD., P.Geo, and Rohan Millar, B.Sc. P.Geo., dated October 7, 2022, available on SEDAR) and anticipates completing this sale on or before July 21, 2024.

In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.

The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process.

For more information about the Company, please visit www.element79.gold

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

E-mail: jt@element79gold.com

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: investors@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press contains "forward-looking information" and "forward-looking statements" under applicable securities laws (collectively, "forward-looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made considering management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; exploration activities; the timing and result of exploration activities; capital projects and exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements".

Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the Company's other public disclosure documents, available on www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Western Metallica Provides Update on Planned Drilling Program at the Caña Brava Project

https://ca.finance.yahoo.com/news/western-metallica-provides-planned-drilling-110100686.html

Western Metallica Resources Corp.
Mon, March 25, 2024 at 4:01 a.m. PDT·5 min read

WMS.V
-14.29%

Figure 1



Caña Brava Project: RTP magnetic anomaly map, wrapped on topography, showing the location of the exploration lines across the alteration footprints over Caña Brava 1 and Luz Maria

TORONTO, March 25, 2024 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to provide an update on its current exploration activities aimed at advancing the recently discovered Luz Maria and Caña Brava 1 prospects, two key copper-molybdenum porphyry targets located within its 100% owned Caña Brava Project, and situated in the La Libertad Department of Northern Peru.

Geophysical and field mapping crews are currently deployed at Luz Maria and Cana Brava 1, following up on previous work conducted as it relates to strong magnetic anomalies coincident with large alteration footprints, typical of Andean copper-molybdenum porphyry systems. The previous geophysical results and field mapping confirmed the potential for a large porphyry Cu-Mo cluster under the sedimentary and colluvial cover, providing valuable targets for further exploration, which the Company is now working to further validate. Approximately 16-line kilometres of pole-dipole Induced Polarization (IP) geophysical surveys will be completed near term, aimed at identifying sulphide rich mineralization and possible blind intrusions under the strongly altered Cretaceous sedimentary rocks and under recent colluvium.

The acquisition of geophysical data is supported by an in-house geophysicist, with ample experience in exploring for porphyry and intrusion-related systems in the Andes, responsible for the daily quality control of the data, as well as for the processing and modeling. The Company is simultaneously acquiring systematic portable-XRF soil data, aimed at vectorizing the Cu-Mo distribution at surface, as well as pole-dipole IP geophysical data to identify sulphide-rich and/or resistivity anomalies, possibly indicating the presence of mineralized bodies under the sedimentary and the recent colluvial covers.

The current field programs will allow the Company to extend mapping and sampling outside the main creeks, where all outcrops of mineralized intrusive have been found to date, with the intent of confirming the presence of significant and continuous Cu-Mo porphyry mineralization at a higher level of geological confidence and across a more prominent alteration footprint. The Company believes that the integration of this large dataset will provide a solid picture about the potential of both prospects, supporting the next phase of scout drilling expected to commence by Q3-2024.

Previous work at the Luz Maria prospect successfully defined a 2.7-kilometre by 1.5-kilometre phyllic and potassic alteration footprint, comparable in size to other major Peruvian porphyry deposits. A 46 diamond-sawn channel sampling campaign displayed consistent anomalous grades up to 0.06% Cu and 0.03% Mo from multi-phase intrusions, confirming at least three intrusion phases that host both Cu and Mo-sulphide mineralization (refer to press release dated January 22, 2024).

Previous work at the Caña Brava 1 prospect confirmed at least a 1-kilometre by 1-kilometre sized porphyry target characterized by a distinctive leached zone with goethite and hematite box works. A 17 diamond-sawn channel sampling campaign had confirmed grades up to 0.3% Cu and average 500 ppm Cu from intrusive rocks.

Gregory Duras, Western Metallica’s CEO and Director, commented, “We are systematically advancing toward the definition of our drilling targets and moving efficiently through the permitting process, as we aim to start our scout drilling program by Q3-2024. The highly-prospective porphyry targets which coincide with Cu-Mo anomalies at both Luz Maria and Caña Brava 1, defined across previous work and currently being further validated and potentially extended, allows the Company to delineate key areas for the prospective drill program. We are very excited with the evidence of these large, well-preserved porphyry systems located in such a new, accessible, and socially favorable sector of La Libertad. It is unusual to find a virtually unexplored exposed porphyry anywhere in the world, but particularly so in Peru, where some of the largest porphyry discoveries of the past 50 years have been made. We look forward to updating the market on the results of the first IP survey completed over the area, as well as the new sampling and mapping of this new target located in one of the world’s premier porphyry belts.”

Background

Western Metallica holds the option to acquire 100% of the mineral claims, rights, and interests in two Cu-Mo projects located in Northern Peru: Caña Brava and Turmalina (refer to press release dated August 10th, 2023). Both projects lie in a prolific Cu-Mo metallogenic belt, extending from Northern Peru into Ecuador, which has seen notable exploration success and hosts world class discoveries and deposits such as La Granja (First Quantum), Cañariaco (Alta Copper), and Rio Blanco (Zijin Mining Group). The Company´s projects are well located in proximity to industrial ports and major paved roads, and each project is comprised of large mineral concessions conducive to future project scalability.

The Caña Brava Project is a highly prospective 5,700-hectare copper-molybdenum property located in the La Libertad Department, only 35 kilometres inland from the Peruvian coast and at an elevation of 1,500 metres in the western Cordillera of the Peruvian Andes. The Caña Brava Project is neighboring Hudbay’s Llaguen Project which lies on the western margin of the Miocene epithermal-porphyry copper-gold belt of Northern Peru, with the potential for Caña Brava to similarly host shallow high-grade mineralization across a considerable alteration footprint.



Figure 1

Figure 1 - Caña Brava Project: RTP magnetic anomaly map, wrapped on topography,
showing the location of the exploration lines across the alteration footprints over Caña Brava 1 and Luz Maria

Quality Assurance and Quality Control

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

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

About Western Metallica Resources Corp.

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

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

For more information please contact:

Western Metallica Resources Corp.
Gregory Duras
Chief Executive Officer
Email: gduras@westernmetallica.com

Investor Relations
Email: info@westernmetallica.com

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68b47de1-949c-49cd-aa55-4ea10cef413f

Cerro de Pasco Resources Secures Funds for Easement to Start Drilling Program on its “El Metalurgista” Mining Concession in Peru

https://ca.finance.yahoo.com/news/cerro-pasco-resources-secures-funds-123000423.html

Cerro de Pasco Resources
Fri, March 22, 2024 at 5:30 a.m. PDT·8 min read

GPPRF
0.00%

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH ANY WIRE SERVICE IN THE UNITED STATES

MONTRÉAL, March 22, 2024 (GLOBE NEWSWIRE) -- Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCPK: GPPRF) (FRA: N8HP) (“CDPR” or the “Corporation”) is pleased to announce that it has secured the funds to cover the fee payable in relation to the Legal Easement (the “Easement”). Upon publication of the Supreme Resolution granting the Easement, CDPR will pay SOL 3,647,402.44 or approximately CAD 1,350,000 to a specific bank account of Banco de la Nacion. The two-year Easement will provide CDPR with access to the surface areas corresponding to its El Metalurgista Concession and the Quiulacocha Tailings Project, enabling the Corporation to initiate its 40-hole drilling campaign.

Granting of Easement Timeline

The change of Minister of Energy and Mines in February, together with normal process clarifications resulted in a temporary delay in the ongoing procedures. At this time, we are not aware of any additional requirement that should be met for the granting of the easement and no further delays are expected. CDPR has fulfilled all the legal requirements set forth by Peruvian law for those purposes. With the Minister himself reiterating full support, the signature of the Supreme Resolution is expected imminently.

Background

CDPR is the titleholder of the El Metalurgista Concession located in Peru, which grants it the right to explore and exploit the Quiulacocha Tailings located within its assigned area. The enforceability of these rights has been formally confirmed by the General Mining Bureau of Peruvian Ministry of Energy and Mines.

The Quiulacocha Tailings

The Quiulacocha Tailings Storage Facility covers approximately 115 hectares and is estimated to hold approximately 75 million tonnes of tailings deposited from the 1920s to 1990s.

The Quiulacocha Tailings Storage Facility is comprised of processing residues that came from the Cerro de Pasco open pit and underground mine. Initially these tailings resulted from the mining of copper-silver-gold mineralization with reported historical grades of up to 10% Cu, 4/gt Au and over 300g/t Ag and later from the mining of zinc-lead-silver mineralized material with average historical grades of 7.41% Zn, 2.77% Pb and 90.33 g/t Ag.

The most recent Historical Mineral Resource Estimate for the Quiulacocha tailings, prepared by JA Brophy in 2012, contained 7.4 million tonnes at 1.35% to 1.55% Zn, 0.55% to 1.00% Pb and 1.20 to 1.35 oz/t Ag. This estimate was based on a shallow surface auger sampling program which is estimated to represent only 10% of the expected tonnes of the tailings. Historical Mineral Estimates are historical in nature and cannot be relied upon for economic evaluations.

First Tranche Funding

Funding for the Easement has been secured through the sale of 15,450,000 subscription receipts of the Corporation (the “Subscription Receipts”) at a price of $0.10 per Subscription Receipt for aggregate gross proceeds of $1,545,000 (the “Offering”). The funds are held in escrow until the Release Conditions have been satisfied, namely: (i) the Corporation has received subscriptions under the Offering for a minimum amount of US$1,000,000; (ii) issuance of the Supreme Resolution, whereby the Peruvian Ministry of Energy and Mines grants and/or acknowledges the Corporation’s legal easement over certain surface areas owned by Activos Mineros SAC, allowing the Corporation to conduct mining activities in the “El Metalurgista” mining concession; and (iii) notification to the Corporation of the issuance of the Supreme Resolution.

Upon the satisfaction of the Release Conditions, 1) each Subscription Receipt will automatically be converted into a unit of the Corporation (“Unit”). Each Unit will consist of (i) one common share in the capital of the Corporation (a “Share”) and (ii) one half of one unit purchase warrant (each whole unit purchase warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one additional unit (a “Warrant Unit”) at a price of $0.15 per Warrant Unit until the earlier of the date which is 24 months after the issue date of the Warrants and, if applicable, the Accelerated Expiry Date (as defined hereinafter) (the “Expiry Date”). Each Warrant Unit shall consist of (i) one additional Share (a “Warrant Share”) and (ii) one additional Share purchase warrant (an “Underlying Warrant”). Each Underlying Warrant shall entitle the holder thereof to acquire one additional Share (an “Underlying Warrant Share”) at a price of $0.25 per Underlying Warrant Share until the Expiry Date.

In the event that, during the 24-month period following the issue date of the Warrants , the volume-weighted average trading price of the Shares exceeds $0.60 per Share for any period of 20 consecutive trading days, the Corporation may, at its option, following such 20-day period, accelerate the expiry date of the Warrants by delivery of a notice (an “Acceleration Notice”) to the registered holders thereof and issuing a press release (a “Warrant Acceleration Press Release”), and, in such case, the expiry date of the Warrants shall be deemed to be 5:00 p.m. (Montreal time) on the 30th day following the later of (i) the date on which the Acceleration Notice is sent to Warrant holders, and (ii) the date of issuance of the Warrant Acceleration Press Release (the “Accelerated Expiry Date”).

In connection with the completion of the Offering, the Corporation expects to pay finder’s fees in an aggregate amount of $21,000 and issue a total of 210,000 Warrants to arm’s length third parties who assisted the Corporation by introducing subscribers to the Offering.

All securities issued in connection with the Offering are subject to a statutory hold period in accordance with applicable securities laws, expiring four-month-and-one-day from the issue date of the Subscription Receipts.

The Corporation expects to close an additional tranche by the end of the month.

The securities to be issued under the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933 as amended (the “U.S. Securities Act”), or any state securities laws. Accordingly, these securities may not be offered or sold, pledged or otherwise transferred within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the U.S., nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Technical Information

Mr. Jorge Lozano, MMSAQP and Chief Operating Officer for CDPR, has reviewed and approved the scientific and technical information contained in this news release. Mr. Lozano is a Qualified Person for the purposes of reporting in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Cerro de Pasco Resources

Cerro de Pasco Resources is a mining company, with the goal to become the next mid-tier producer in Peru. CDPR is focused on the development of its principal 100% owned asset, the El Metalurgista mining concession, comprising mineral tailings and stockpiles extracted from the Cerro de Pasco open pit mine in Central Peru. The company’s approach at El Metalurgista entails the reprocessing and environmental remediation of mining waste and the creation of numerous opportunities in a circular economy. CDPR is also focused on mining, development and exploration of its wholly-owned 6,000-hectare Santander Mine in the highly prospective Antamina-Yauricocha Skarn Corridor, located 215 km from Lima. CDPR was founded on clear objectives: to engender long-term economic sustainability and benefit for the local population, from an economic, social and health point of view.

Further Information

Guy Goulet, CEO
Telephone: +1-579-476-7000 Mobile: +1-514-294-7000
ggoulet@pascoresources.com

Forward-Looking Statements and Disclaimer

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified using forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the expectations of CDPR’s management regarding the anticipated use of the proceeds raised under the Offering, statements relating to the publication of the Supreme Resolution granting the Easement to CDPR, the terms of such Easement and the timing of such publication, are based on CDPR’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of CDPR to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements are subject to business and economic factors and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the risks associated with exploration, development and mining activities; the impact of macroeconomic events, and any material adverse effect on the business, properties and assets of CDPR, as well as the relevant assumptions and risks factors set out in CDPR’s public documents, available on SEDAR+ at www.sedarplus.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although CDPR believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, CDPR disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

No securities regulatory authority has either approved or disapproved the content of this news release.

Hannan Discovers a New Thick Style of High-Grade Sediment Hosted Copper in Peru

https://www.accesswire.com/844705/hannan-discovers-a-new-thick-style-of-high-grade-sediment-hosted-copper-in-peru

Wednesday, 20 March 2024 06:30 AM

SAMPLES 5.8 METERS AT 3.1% COPPER AND 65 g/t SILVER FROM SURFACE

VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF)

Buenaventura Obtains Key Operating Permit for Yumpag Mine

https://ca.finance.yahoo.com/news/buenaventura-obtains-key-operating-permit-131800713.html

Business Wire
Mon, March 18, 2024 at 6:18 a.m. PDT·3 min read

BVN
-1.66%

LIMA, Peru, March 18, 2024--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, is pleased to announce it has received its final operating permit from the Peruvian Ministry of Energy and Mines to begin production at its Yumpag mine ("Yumpag").

Leandro Garcia, Buenaventura’s CEO, commented, "Receipt of this final permit for our flagship Yumpag mine represents a significant milestone for Buenaventura and also reflects our proficiency in handling mining projects as well as regulatory processes efficiently and effectively. Securing the necessary project stages and approvals in a timely manner demonstrates our readiness to capitalize on opportunities and execute strategic objectives with precision." He continued, "We’re very enthusiastic about Yumpag’s future prospects to produce high-grade silver resources, with promising exploration campaigns. We’ve therefore achieved a key pillar to support Buenaventura’s overall growth strategy which, coupled with our focus on operational excellence and commitment to responsible resource management, position us to unlock significant value for our stakeholders."

The final operating permit approval for Buenaventura’s flagship Yumpag mine signifies the culmination of rigorous planning and preparation. This milestone marks the start of 1,000 ton per day uninterrupted mining at Yumpag, enabling Buenaventura to achieve its 2024 production guidance of 6.5 - 7.2 million silver ounces.

Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).

For a printed version of the Company’s 2022 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company’s web site.

(*) Operations wholly owned by Buenaventura

Note on Forward-Looking Statements
This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning Cerro Verde’s costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, development and production, subsidiaries’ plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company’s view with respect to Cerro Verde’s future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240318536000/en/

Contacts

Contacts in Lima:
Daniel Dominguez, Chief Financial Officer
(511) 419 2540

Gabriel Salas, Head of Investor Relations
(511) 419 2591 / Gabriel.salas@buenaventura.pe

Contacts in NY:
Barbara Cano
(646) 452 2334
barbara@inspirgroup.com

Company Website: www.buenaventura.com.pe/i

Highlander Silver Provides Update on La Estrella Geological Model and Drilling Plans

https://www.accesswire.com/842794/highlander-silver-provides-update-on-la-estrella-geological-model-and-drilling-plans

Thursday, 14 March 2024 09:00 AM

VANCOUVER, BC / ACCESSWIRE / March 14, 2024 / HIGHLANDER SILVER CORP. (CSE:HSLV) (THE "COMPANY" OR "HIGHLANDER SILVER") is pleased to provide an update on the geological modelling work developed at La Estrella which will guide drill targeting in the upcoming drilling campaign.

During Q2 2023, Highlander Silver´s technical team developed a drill defined near surface exploration target of 15 to 35 Mt averaging between 50 and 60 g/t Ag, and 0.4 to 0.6 g/t Au containing some 25 to 60 Moz Ag and 0.2 to 0.7 Moz Au¹ (see news release of July 17th, 2023). In Q3 and Q4 2023, the team re-logged historic drill core and conducted geological mapping to develop an in-house geological model. The work focused on developing a comprehensive understanding of the controls on mineralisation to enable development of a prioritised set of targets for drill testing. The Company is now finalizing its drilling plan and is engaged in the drill permitting process. Highlander is targeting the end of Q2 2024 for mobilizing the drill rig.

¹ The potential quantity and grade of the exploration target is conceptual in nature, and more exploration is required to define a mineral resource. Important aspects such as metallurgical processing options need to be investigated to evaluate potential recoveries of Ag and Au. As such, it is uncertain if this work will result in the target being delineated as a mineral resource. In addition, further drilling will be required to investigate the extensions and continuity of the mineralization.

David Fincham, Highlander Silver´s President and CEO commented, "We continue to be impressed with the silver-gold potential at La Estrella. A large and strong alteration footprint, well mineralised historical drill intercepts and significant gaps in the historical drilling suggest excellent potential to improve on the numbers produced from our exploration target modelling. The technical team, led by Leandro Echavarria, has done an excellent job with the geologic model, resulting in a vastly improved understanding of the deposit and of the controls on mineralisation. Highlander Silver has developed the technical foundation to execute a drill program with the best chances of success".

Leandro Echavarria, the Company´s Vice President Exploration commented, "Our geologic model is based on the detailed drill core logging and surface mapping carried out by the technical staff at Highlander Silver. This model serves as the cornerstone for effective drill targeting to expand known mineralization zones. Identification of upflow channels that focused mineralised fluids allow us to target zones with potential for higher grade".

Regional Geology
The area is cut by a set of regional faults that control volcanism and emplacement of dome complexes (Fig. 1). Both the Julcani mine (105 million ounces of silver produced from high grade vein mineralisation averaging 16 ounces per ton since production started by Buenaventura in 1953) and the La Estrella deposit are emplaced along the fertile Julcani-Huancayo fault. La Estrella sits at an important inflection zone on the fault, generating a transtensional structural setting which enabled shallow dome emplacement, hydrothermal activity and Ag-Au ±Pb ±Zn ±Cu mineralisation.



Fig. 1 La Estrella regional geology and structural setting

Local geology, hydrothermal alteration and mineralisation
Hydrothermal alteration and mineralisation at La Estrella are associated with a dome complex intruded along transtensional zones, exploiting the rheologic contrast between limestones and red beds (Fig. 2). The dome complex is more than 2 km long in the North to South direction and has a maximum width of 900 m, dipping about 35° West, and it is formed by numerous, irregular intrusion facies, where earlier basal facies are overlain by younger facies (Fig. 3).

The dome complex is cut by NE faults producing uplifted and down dropped blocks, with maximum measured displacements of about 80 m. These faults probably acted simultaneously with dome emplacement, acting as upflow channels of the hydrothermal fluids, and exert control on the alteration and mineralisation distribution.



Fig. 2 Lithology map showing dome facies



Fig. 3. Cross section showing dome facies and distribution of mineralisation. Note distribution of strongest mineralisation, hosted by the lower dome facies. Mineralised intercepts (not true widths) in hole DDH-E23 include: A) From 111.90 m to 122.5 m (interval 10.60 m) of 0.68 g/t Au and 12.43 g/t Ag. B) From 154.0 m to 163.3 m (interval 9.00 m) of 0.66 g/t Au and 138.58 g/t Ag. C) From 166.6 m to 197.2 m (interval 30.00 m) of 0.63 g/t Au and 7.94 g/t Ag.

Hydrothermal alteration is mostly hosted within the early facies of the dome complex, with a large silicified core surrounded by strong quartz-sericite alteration and an outer halo of weaker illite-kaolinite or chlorite alteration (Fig. 4). Hydrothermal alteration is pervasive affecting the vitreous-rich early dome facies, and follows upflow channels through a set of North-South and Northeast structures (Fig. 5).

The mineralisation is found in disseminated and vein forms, associated with silicification and quartz-sericite alteration.

There are 2 stages of mineralisation: 1. Early stage and 2. Epithermal stage (Fig. 6).

1. Early stage: Related to a late-stage magmatic derived, high temperature hydrothermal fluid, introduced into the dome complex shortly after emplacement, forming a large footprint of ~2,000 m x 600 m controlled by NE and N-S structures. Mineralisation of Au±Cu±As is associated with medium-coarse pyrite, within veinlets, disseminated, cementing hydrothermal breccias or as quartz vein halos.

2. Epithermal stage: Later than the Early stage, consists mainly of quartz with fine-grained dark sulphides (pyrite-Ag sulphosalts and scarce galena and chalcopyrite) with polymetallic mineralisation of Ag±Au-Pb>Cu>Zn. The epithermal stage is commonly emplaced in discontinuous and thin structures, and as diffuse halos around early stage pyrite, mainly related to NE upflow structures.



Fig. 4. Map showing the widespread distribution of hydrothermal alteration, which forms a large zone of about 2,000 m x 500 m with a silicified core surrounded by quartz-sericite alteration.



Fig. 5. a. Silicified (quartz+pyrite) and mineralised ridge (1) with halos of quartz-sericite alteration (2), which is part of a large set of prospective Northeast structures at the central block of the dome complex. b. Detailed of upflow channel formed by hydrothermal breccia cemented by fine-grained black sulphides and quartz (1) hosted by early dome facies with quartz-sericite alteration (2).



Fig. 6. Core photos from Early stage and Epithermal stage mineralisation.

1. Early stage mineralisation:

a. Fine-grained porphyritic dacite with veinlets, irregular open space filling and disseminations. DDH-E26: 177 m, 2.49 g/t Au, 13 g/t Ag.

b. Amygdale - rich andesite, mineralisation in irregular quartz veinlets and amygdale filling with pyritic halos. DDH-E24: 128 m, 0.79 g/t Au, 4 g/t Ag.

2. Epithermal stage mineralisation:

c. Quartz+fine-grained sulphides veinlet. DDH-E24: 244 m, 0.25 g/t Au, 97 g/t Ag.

d. Structurally controlled hydrothermal breccia cemented by quartz+sulphides. DDH-E12, 182.5-183.5 m. 0.75 g/t Au, 216 g/t Ag, 7.06% Pb, 2.72% Zn.

The understanding gained from development of the 3D geologic model enables targeting of the most prospective areas for economic mineralisation. The upcoming drill program will have two main objectives: a) expand the zone of known Ag-Au mineralsation and b) target structurally favourable zones for high grade feeder potential.

The Company looks forward to providing further updates over the coming weeks.

Qualified Person
All scientific and technical information contained in this news release was prepared and approved by Walter La Torre, (Qualified Person), MAusIMM (CP). Mr. La Torre has verified the scientific and technical information disclosed in this news release by reviewing the sampling, analytical and drilling data from the Property.

About Highlander Silver
Highlander Silver Corp., backed by the Augusta Group and the Lundin Family, is a mineral exploration company focused on the discovery of exceptional silver-gold projects in the Central Andes, leveraging the team's significant technical and operational experience in Peru and South America more widely. Currently the Company is developing the La Estrella project in central Peru. Highlander Silver announced entering into a share purchase agreement for the San Luis project from SSR on November 30th 2023. Closing of the Transaction is subject to certain conditions, including receipt of all required regulatory approvals. Closing is currently expected to occur in April 2024.

The Company is listed on the CSE under the ticker symbol HSLV and additional information about Highlander Silver and its mineral projects can be viewed on the Company's SEDAR+ profile at (www.sedarplus.ca) and its website at www.highlandersilver.com

Neither the Canadian Securities Exchange (CSE) nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please contact:
David Fincham
Chief Executive Officer
Highlander Silver Corp.
(604) 283 7630
info@highlandersilver.com

Forward-Looking Information
Certain information contained in this news release constitutes "forward-looking information" under Canadian securities legislation. This includes, but is not limited to, information or statements with respect to the future exploration plans of the Company, permitting and timing of future exploration, timing for the Company's mobilization of the drill rig, and the acquisition of the San Luis silver-gold project, which has not yet closed.. Such forward-looking information or statements can be identified by the use of words such as "anticipates", "plans", "suggests", "targets" or "prospects" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "will" be taken, occur, or be achieved. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, changes in project parameters as plans continue to be refined, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental approvals or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this news release. 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. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.

SOURCE: Highlander Silver Corp.

DLP Resources Discovers Copper on the 100 % Owned Esperanza Project with Rock Samples Returning up to 4.71% Cu, 28.8ppm Mo, 3540ppm Zn and 383ppm Co

https://www.newsfilecorp.com/release/201477

March 13, 2024 6:00 AM EDT | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - March 13, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)

Forte Minerals Acquires the Alto Ruri Epithermal Gold Prospect Near Barrick’s Pierina Mine in Central Perú

https://www.accesswire.com/838903/forte-minerals-acquires-the-alto-ruri-epithermal-gold-prospect-near-barricks-pierina-mine-in-central-per

Monday, 04 March 2024 10:55 AM

Historical Drilling Returned 131 Metres Of 2.55 g/t Gold

VANCOUVER, BC / ACCESSWIRE / March 4, 2024 / Forte Minerals Corp. ("Forte" or the "Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA

Alta Copper Announces Positive Metal Recoveries and Provides Project Update

https://www.accesswire.com/837661/alta-copper-announces-positive-metal-recoveries-and-provides-project-update

Thursday, 29 February 2024 08:00 AM

VANCOUVER, BC / ACCESSWIRE / February 29, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU)

Palamina Preparing to Drill the Heart of 4.5 Km Long Orogenic Gold Trend at the Usicayos Gold Project

https://www.newsfilecorp.com/release/199847

February 29, 2024 8:30 AM EST | Source: Palamina Corp.

Toronto, Ontario--(Newsfile Corp. - February 29, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF)

Element 29 Receives Environmental Permit for Flor de Cobre Copper Project and Announces Partnership with GlobeTrotters on Exploration Activities

https://www.accesswire.com/838579/faraday-copper-announces-new-breccia-discovery-at-area-51-intersecting-129-copper-over-1136-meters-within-4575-meters-at-048-copper

March 01, 2024 5:04 PM EST | Source: Element 29 Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce that it has received environmental permit approval for exploration drilling at its wholly-owned Atravesado porphyry target on the Flor de Cobre copper project, located in southern Peru.

The permit, known as a Declaración de Impacto Ambiental ("DIA"), allows the Company to drill from a maximum of 40 drilling platforms. Following approval of the environmental permit, Element 29 requested approval from the Peruvian General Mining Bureau ("DGM") for the Authorization to Initiate Exploration Activities ("AIEA"), which is a normal course step that triggers Peruvian authorities to evaluate the effect of exploration activities on the local community. The outcome of this evaluation will establish whether there is a need for a prior consultation process ("Consulta Previa"). In parallel, the Company is negotiating a surface rights agreement with the local community. After completing these steps, the Company expects that Peruvian authorities will be able to issue approval of the AIEA.

Partnering with GlobeTrotters on Exploration

The Company plans to partner with GlobeTrotters Resource Group ("GlobeTrotters"), a private exploraton company focused on project generation in South America. GlobeTrotters has been actively exploring in Peru for more than 10 years and responsible for the initial discovery of the Company's flagship Elida porphyry Cu-Mo-Ag deposit and the Atravesado porphry Cu target at Flor de Cobre. The plans are to utilize GlobeTrotters' technical expertise in Peru to advance the Company's portfolio of highly prospective porphyry Cu projects and share operational resources to potentially significantly cut costs. The plans to partner with GlobeTrotters, the largest shareholder of the Company, complements the appointment of Manuel Montoya as Chief Technical Officer (see February 29, 2024 press release).

Richard Osmond, Chairman and CEO, commented, "The receipt of the Atravesado target DIA on our Flor de Cobre project is an important step towards drilling this highly prospective target. Our Peruvian team has worked diligently on both permitting and on gaining a better understanding of the Atravesado target. We anticipate receipt of the drill permit by Q3 2024."

Mr. Osmond continues, "The planned partnership with GlobeTrotters fits perfectly with our strategic plans to reduce corporate costs and focus our efforts as much as possible on advancing our portfolio of highly prospective Peruvian porphyry copper projects in one of the top mining jurisdictions globally."

Atravesado is a large porphyry Cu target on the 1,800 hectare ("ha") Flor de Cobre property (Figure 1) in the Southern Peru Copper Belt (Figure 2) that hosts some of the world's largest Cu mines and deposits. Outcrop samples anomalous in Cu and molybdenum ("Mo"), resistivity and chargeability anomalies, and corresponding geological indicators define the target with an area of approximately 1.5 km x 2.0 km. Mapping completed by the Element 29 geological team suggests Atravesado is part of a larger porphyry complex that extends to the Candelaria zone to the southeast. The core of the Atravesado target has not been tested by drilling (Figure 1 and Figure 3).

Candelaria Concessions

As part of the Company's option agreement renegotiation discussions with the underlying property vendor of the Candelaria concessions comprising a total of 127.12 ha, the Company's wholly-owned subsidiary Candelaria Resources S.A.C. has signed a non-binding letter of intent following the expiry of the previous 5-year option agreement entered in 2019. The Company will provide status updates on the new negotiations with the property vendor.



Figure 1: Map of the Flor de Cobre property, located in southern Peru. Atravesado is a large porphyry Cu-Mo exploration target associated with an increased density of quartz veinlets and late mineral porphyry dikes associated with a cluster of outcrop samples with anomalous Cu geochemistry. The target is also coincident with a high resistivity and moderate chargeability geophysical anomaly at a depth of 250 m thought to represent a leached potassic altered porphyry complex at depth. The location of two historical drill holes outside of the porphyry target area were completed by Anglo American in 2007. The blue dashed line is the location of the section shown in Figure 3 below. Concessions outlined in red are wholly owned by Element 29.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/7414/200154_af030d60943ba9fe_001full.jpg



Figure 2: Regional setting of the Flor de Cobre Project in the Southern Peru Copper Belt, between Freeport McMoRan's Cerro Verde mining complex and Nexa Resources' Chapi mine. The project is at a moderate elevation of less than 2,700 m, is road accessible, and is close to excellent infrastructure for mine development and operation.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/7414/200154_figure2.jpg



Figure 3: Cross section through geophysical line L3600N shows the results of the IP-Resistivity 2D inversion. The high resistivity anomaly in the center of the section is interpreted to represent the buried Atravesado porphyry complex. The high chargeability anomalies that straddle the high resistivity anomaly in the center of the section are interpreted to represent a pyritic halo associated with a flanking phyllic alteration zone. The low chargeability anomaly coincident with a moderately to low resistivity anomaly in the upper-central part of the section is interpreted to represent leached capping suggesting potential for enrichment at dept.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/7414/200154_af030d60943ba9fe_003full.jpg

Qualified Person

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

About Flor de Cobre

Flor de Cobre is a porphyry Cu exploration project that contains the recently outlined Atravesado porphyry Cu target 2.5 km northwest of the historical Candelaria mine. The property is in the Southern Peru Copper Belt and is 5 km northwest of Nexa Resources' Chapi mine and 26 km southeast of the Cerro Verde mine owned by Freeport-McMoRan, Sumitomo Metal Mining, and Compañía de Minas Buenaventura. Flor de Cobre hosts a classic Andean porphyry system with primary Cu sulphide mineralization associated with a multi-phase quartz monzonite porphyry complex. Weathering redistributed primary mineralization into a sub-horizontal enrichment blanket containing secondary Cu oxide and sulphide minerals at the base of a hematitic leached cap. Remnants of the upper jarositic component of the leached cap overlying the hematitic cap are preserved on the higher hill tops around the Candelaria prospect. An IP/Resistivity geophysical survey completed in 2019 outlined a core of moderate resistivity that coincides with widespread Cu oxide mineralization, strong Cu geochemistry, and late-stage quartz monzodiorite porphyry dikes. The resistive core is surrounded by a high-chargeability halo corresponding with weathered quartz-sericite-pyrite alteration.

About Element 29 Resources Inc.

Element 29 Resources Inc. is an emerging copper exploration and development company focused on advancing its portfolio of Peruvian projects towards development in one of the world's more established mining jurisdictions. Element 29's growth strategy is led by our strong board and management, who have a proven track record of discovery and delivering value to our shareholders.

The Company's principal objective is to explore and develop its Flor de Cobre Porphyry Cu Project located in the Southern Peru Copper Belt, 26 km southeast from Freeport-McMoRan's Cerro Verde copper mine, and its Elida Porphyry Cu Deposit in west-central Peru. Both projects are well located for potential mine development and will benefit from nearby infrastructure including roads, powerlines, ports, water, and a skilled workforce.

More information is available at www.e29copper.com.

For additional information:
Richard Osmond, Chairman & CEO
1-888-246-7881
info@e29copper.com

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

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, "Forward-looking Statements"). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as "will", "intends", "proposed" and "expects" or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include, but are not limited to, statements with respect to the Company's future plans, goals, expectations or strategies regarding the exploration and development of its resource properties, including advancing its portfolio of Peruvian copper projects; the Company's planned exploration of drilling targets and expected discovery of highly prospective porphyry Cu; approval of the AIEA from Peruvian authorities; the planned partnership with GlobeTrotters and the expected benefits thereof; and the Company's wholly-owned subsidiary entering into a binding option agreement with respect to the Candelaria concessions, if at all.

Forward-looking Statements necessarily involve known and unknown risks, and important factors, among others, that could cause actual results to differ materially from the Company's expectations including uncertainties related to the Company's ability to raise sufficient capital for its operations on acceptable terms or at all, fluctuations in copper and other commodity prices, uncertainties inherent in the exploration of mineral properties, legislative, political or economic developments, including changes in Peruvian federal and/or provincial laws that may significantly affect the mining industry, the Company's wholly-owned subsidiary's ability to enter into a binding option agreement with respect to the Candelaria concessions on acceptable terms or at all, and other risk factors set forth in the Company's prospectus under the heading "Risk Factors".

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

SOURCE: Element 29 Resources Inc.

Buenaventura Announces Fourth Quarter and Full Year 2023 Results

https://ca.finance.yahoo.com/news/buenaventura-announces-fourth-quarter-full-041000363.html

Business Wire
Thu, February 29, 2024 at 8:10 p.m. PST·6 min read

BVN
+2.22%

LIMA, Peru, March 01, 2024--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM)

Peruvian Metals Acquires 50% Interest in San Maurizo Mines to Develop the Mercedes Gold-Silver-Zinc-Lead Project in Central Peru

https://www.newsfilecorp.com/release/199640

February 28, 2024 9:00 AM EST | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - February 28, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce the signing of a definitive agreement to acquire a 50% interest in San Maurizo Mines Inc. ("San Maurizo"), a private Manitoba-based company (the "Transaction"). This strategic collaboration paves the way for both entities to collectively develop the promising Mercedes gold-silver-lead-zinc-copper property ("Mercedes" or the "Property"), situated in central Peru.

Upon completion of the Transaction, San Maurizo will hold an exclusive 100% direct interest in the Property via its wholly owned Peruvian subsidiary, Basic Minerals SAC ("Basic Minerals"). Peruvian Metals is set to acquire a 50% stake in San Maurizo by purchasing half of the outstanding shares currently owned by its sole shareholder, Hudson Heartland Ltd. ("Hudson"). The project is subject to a 20% Net Profit Interest ("NPI") which will be eliminated once US$5 million has been paid to the NPI holder. Afterwards, a 1.5% Net Smelter Royalty ("NSR") will be paid to the NPI holder. San Maurizo retains the right to buyout the NSR for US$1.5 million.

The Property is situated in the Junin Department in central Peru and covers an area of 1,345 hectares. The Property is accessed via a well-maintained gravel road extending approximately 40 kilometers from the town of Concepcion. The region boasts excellent infrastructure, complemented by a nearby local airport. Concepcion is strategically positioned on the central highway, enhancing transportation connectivity to the area. Peruvian Metals' prospective Minas Maria Norte property is located approximately 140 kilometres south of Mercedes.

The Property has a history of extensive underground workings, featuring numerous horizontal drifts and vertical raises totaling over 1,000 meters. Dating back to the early 1980s, previous operators concentrated on three primary structures known as Victor 1, Victor 2, and the Kelly vein. Over 15 mineralized structures have been identified, intersecting Upper Cretaceous and Late Tertiary Sucllamachy granites. These structures, including the Victor and Kelly veins, run subparallel to a large U-shaped gully, providing convenient underground access via adit to the mineralized structures, thus enhancing the Property's overall prospectivity.

The initial exploration and development phase will focus on creating a 200-meter drift crosscut to access the Victor and Kelly veins, positioned 50 meters below the historical workings. Two samples taken from the main Victor 2 vein's underground workings yielded notable results, averaging 3.62 grams of gold per metric tonne, 7.43 ounces of silver per metric tonne, 1.66% lead, and 3.59% zinc. Moreover, three samples collected from various mineral sacks prepared by a group of local miners, ready for shipment to a nearby toll mill, exhibited higher averages of 8.16 grams of gold per metric tonne, 17.88 ounces of silver per metric tonne, 4.36% lead, and 4.38% zinc per metric tonne. Please note that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Peruvian Metals has already actively supported Basic Minerals by facilitating the acquisition of permits for bulk sampling extraction and successfully securing access agreements with the local community. As the only title holder, Basic Minerals can and will nullify any rights granted to third parties for mineral extraction within the Property. Additionally, Basic Minerals is currently in negotiations to process the minerals from Mercedes at a local toll mill situated 12 kilometers away.

Terms of Acquisition

Peruvian Metals is set to acquire a 50% ownership stake in San Maurizo through the issuance of 2.5 million common shares to Hudson at a deemed issuance price of C$0.08 per common share. The Transaction establishes Peruvian Metals and Hudson as the exclusive shareholders of San Maurizo. In addition, both entities have formalized their collaboration through comprehensive shareholders' and operating agreements, outlining their joint commitment to explore and develop the Property. As part of the Transaction, Peruvian Metals will extend a US$250,000 loan to San Maurizo, mirroring the loan provided by Hudson. Up to the present date, Peruvian Metals has already contributed and loaned US$80,000 towards this collaborative venture.

San Maurizo will maintain its leadership under the guidance of CEO Eric Hinton, P. Eng, who also serves as the sole shareholder of Hudson. Mr. Hinton, a distinguished member of the Professional Engineers of Ontario, the Association of Professional Engineers and Geoscientists of the Province of Manitoba, and a Fellow of the Canadian Institute of Mining and Metallurgy, holds the designation of Qualified Person as per National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") guidelines. With over 35 years of extensive expertise in both underground and open-pit mining across Canada, the United States, Ghana, and Zimbabwe, Mr. Hinton brings a wealth of experience to the role. Meanwhile, Peruvian Metals will actively contribute to the project by providing essential services such as accounting, permitting, and geological expertise.

Jeffrey Reeder, the Chief Executive Officer of Peruvian Metals, states: "We are thrilled to embark on a collaborative journey with Hudson to explore and develop the promising Mercedes property. This site boasts numerous high-grade veins rich in precious and base metals, presenting excellent opportunities for exploration and bulk sampling. Aligning with our established business model, we aim to support small miners across Peru by providing essential resources such as capital, permitting assistance, and geological expertise. The permitting process for the Property is near completion, ensuring a smooth transition into both the exploration and development phase. This strategic partnership with San Maurizo is anticipated to yield substantial cash flow for both entities, with a notable reduction in administrative costs, further enhancing the economic viability of the venture."

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

The completion of the Transaction, including the issuance of common shares to Hudson, remains subject to certain regulatory approvals, including the approval of the TSX Venture Exchange.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade sulphide concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER" , and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.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.

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

SOURCE: Peruvian Metals Corp.

Silver X Announces Upcoming Developments in the Plata Mining Unit in Addition to the Current Production

https://www.accesswire.com/836814/silver-x-announces-upcoming-developments-in-the-plata-mining-unit-in-addition-to-the-current-production

Tuesday, 27 February 2024 07:30 AM

Company's Next Brownfield Target at Nueva Recuperada

VANCOUVER, BC / ACCESSWIRE / February 27, 2024 / Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) ("Silver X" or the "Company") reports its prioritization of the Plata Mining Unit (Plata) as its next brownfield renovation located within the Company's flagship Nueva Recuperada Silver District in central Peru. This renovation is in addition to the primary production at Nueva Recuperada.

A former producing area of the project with abundant veins that have been only lightly exploited, Plata has strong exploration potential to increase overall production and is strategically situated 10 km south of the Nueva Recuperada plant.

Previously under the management of Compañia de Minas Buenaventura SAA (BVN), Plata (formerly Esperanza) was the last historical operation to close in the district. In their latest Technical Report entitled "NI 43-101 Preliminary Economic Assessment, Nueva Recuperada Project, Huancavelica, Peru, 2022, prepared by LOM Consultants," Silver X reports an initial inferred resource at Plata of 448,812 tonnes, at grades of 220.81 g/t Ag, 2.55% Pb, and 4.58% Zn. This indicates a substantial amount of silver, lead, and zinc content, affirming the project's potential value.

Silver X believes that Plata has the potential to become a valuable asset within the district and that its higher grade (See NI 43-101) and abundance of veins could make Planta a premier silver target in the upcoming years. According to President and CEO Jose M. Garcia, "Silver X has diligently reconstructed the project's historical data, recovering 8,809 sample results from 6,583 underground sampling channels as well as additional sample and drilling information from 265 diamond drill holes over 33,391 meters. The Plata unit development and potential expansion could significantly impact Silver X's growth, contributing to the company's goal of becoming a premier silver company," he added.

See Map 1 for location in Peru.

Map 1.

About Silver X Mining
Silver X is a Canadian silver mining company with assets in Peru. The Company's flagship asset is the Tangana silver, gold, lead, zinc, and copper project located in Huancavelica, Peru, 10 km north-northwest of the Nueva Recuperada polymetallic concentrate plant. Founders and management have a successful track record of increasing shareholder value. For more information visit our website at www.silverxmining.com.

Qualified Person
Mr. A. David Heyl, B.Sc., C.P.G who is a qualified person under NI 43-101, has reviewed and approved the technical content of this news release for Silver X. Mr. A. David Heyl is a consultant for Silver X.

ON BEHALF OF THE BOARD
José M. García
President, CEO and Director

For further information, please contact:
Investor Relations
ir@silverxmining.com

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

Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation ("forward-looking information"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information contained in this press release may include, without limitation, exploration plans, results of operations, expected performance at the Project, the ability of the new zones at the Project to feed production at the Company's Nueva Recuperada Plant in the near term, the exploration potential of the Plata Mining Unit, expectations regarding mineral resources on the Plata Mining Unit, that the Company will be able to mine the Plata Mining Unit in an economic manner, and the expected financial performance of the Company.

The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving price for the commodities we produce; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute or failure of plant or equipment or other material disruption in the Company's operations at the Project and Nueva Recuperada Plant; the availability of financing for operations and development; the Company's ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; exploration results at the Plata Mining Unit will be consistent with historical results, that the estimates of the resources at the Project and the geological, operational and price assumptions on which these and the Company's operations are based are within reasonable bounds of accuracy (including with respect to size, grade and recovery); the Company's ability to attract and retain skilled personnel and directors; and the ability of management to execute strategic goals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the Company's annual and interim MD&As and in its public documents filed on www.sedar.com from time to time. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Cautionary Note regarding Production without Mineral Reserves
The decision to commence production at the Nueva Recuperada Project and the Company's ongoing mining operations as referenced herein (the "Production Decision and Operations") are based on economic models prepared by the Company in conjunction with management's knowledge of the property and the existing estimate of inferred mineral resources on the property. The Production Decision and Operations are not based on a preliminary economic assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Production Decision and Operations, in particular: the risk that mineral grades will be lower than expected; the risk that additional construction or ongoing mining operations are more difficult or more expensive than expected; and production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis in accordance with NI 43-101.

SOURCE: Silver X Mining Corp.

Tinka Reports Updated PEA and Mineral Resource Estimate for the Ayawilca Polymetallic Zinc-Tin-Silver Deposit

https://www.accesswire.com/837253/tinka-reports-updated-pea-and-mineral-resource-estimate-for-the-ayawilca-polymetallic-zinc-tin-silver-deposit

Wednesday, 28 February 2024 06:30 AM

VANCOUVER, BC / ACCESSWIRE / February 28, 2024 / Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF)

Sierra Metals Obtains Key Operating Permit for Yauricocha Mine in Peru

https://ca.finance.yahoo.com/news/sierra-metals-obtains-key-operating-164000139.html

Business Wire
Wed, February 21, 2024 at 8:40 a.m. PST·4 min read

SMTSF
-4.95%

Permit to operate below the 1120 Level is expected to increase throughput, reduce costs, extend mine life, and support overall growth strategy

TORONTO, February 21, 2024--(BUSINESS WIRE)--Sierra Metals Inc. (TSX:SMT; OTCQX:SMTSF) ("Sierra Metals" or the "Company") is pleased to announce that it has received the required permit to develop and mine below the 1120 level at its Yauricocha Mine ("Yauricocha") in Peru.

Ernesto Balarezo, Sierra Metals’ CEO, stated, "We are very excited to have received the environmental permit to mine below the 1120 level at our Yauricocha Mine. As I have stated before, this permit is a game changer for Yauricocha and a key pillar to support the overall growth strategy for Sierra Metals."

"The ore body below the 1120 level is vast and is expected to allow us to raise throughput rates back to full mill capacity of 3,600 tons per day, representing an increase of approximately 40% from current levels; lower operating costs given higher production volumes and less expensive mining methods; and secure Yauricocha’s long-term potential," added Mr. Balarezo.

The granting of the 1120 level permit has the potential to provide several significant catalysts for Sierra Metals, such as operational enhancements, maximized operating capacity and cost efficiencies. Most notably, with a modest capital investment in mining operations, the development below the 1120 level is expected to commence in the following weeks. Ramp up to full production levels will be progressive and is expected to take between six and nine months to achieve.

Qualified Person

Ricardo Salazar Milla (AIG #8551), Corporate Manager – Mineral Resources, is a Qualified Person as defined in the National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Salazar has reviewed and approved the scientific and technical content of this news release.

About Sierra Metals

Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The Company is intent on safely increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

Forward Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra Metals and reflects management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action including the accuracy of the Company's current mineral resource estimates, that the Company's activities will be conducted in accordance with the Company's public statements and stated goals, and that there will be no material adverse change affecting the Company, its properties or its production estimates, the expected trends in mineral prices, inflation and currency exchange rates, that all required approvals will be obtained for the Company's business operations on acceptable terms, mining methods to be used, capital requirements to commence development below the 1120 level, steps required to ramp up production levels below the 1120 level and that there will be no significant disruptions affecting the Company's operations. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved" or the negative of these words or comparable terminology. Forward-looking statements include statements with respect to increasing throughput rates, lowering operating costs, maximizing Yauricocha’s life of mine potential, results of a modest capital investment in mining operations and length of time to ramp up to full production levels. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra Metals to be materially different from any anticipated performance expressed or implied by such forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 28, 2023 for its fiscal year ended December 31, 2022 and other risks identified in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240221919252/en/

Contacts

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:
Investor Relations
Sierra Metals Inc.
Tel: +1 (866) 721-7437
Email: info@sierrametals.com

Condor Reports Results from its Maiden Pucamayo Drill Program

https://www.accesswire.com/833337/condor-reports-results-from-its-maiden-pucamayo-drill-program

Tuesday, 13 February 2024 06:30

VANCOUVER, BC / ACCESSWIRE / February 13, 2024 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN

Element79 Gold Reports Additional High-Grade Results from Pillune, Sando Alcalde regions of Lucero Project.

https://thenewswire.com/press-releases/1BglF2X3e-element79-gold-reports-additional-high-grade-results-from-pillune-sando-alcalde-regions-of-lucero-project.html

Vancouver, BC – TheNewswire - February 13, 2024 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0)

Inca One Reports the Highest Level of Monthly Processing in 2023

https://www.newsfilecorp.com/release/197245

February 08, 2024 5:30 AM EST | Source: Inca One Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 8, 2024) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)

DLP Resources Confirms Extension of Copper, Silver and Molybdenum Mineralization to NE of Aurora Drilling with Values of up to 2.25% Cu and 195g/t Ag and 182ppm Mo in Rock Samples

https://www.newsfilecorp.com/release/197211

February 08, 2024 6:00 AM EST | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - February 8, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF)

SILVER MOUNTAIN DOUBLED CONTAINED SILVER CONTENT WITH HIGHER GRADE AND INCREASED TONNAGE IN THE MEASURED AND INDICATED CATEGORIES IN UPDATED MINERAL RESOURCE ESTIMATE AT ITS RELIQUIAS PROJECT, PERU

https://www.newswire.ca/news-releases/silver-mountain-doubled-contained-silver-content-with-higher-grade-and-increased-tonnage-in-the-measured-and-indicated-categories-in-updated-mineral-resource-estimate-at-its-reliquias-project-peru-834191171.html

Silver Mountain Resources Inc. Feb 07, 2024, 07:00 ET

Key Highlights – Updated mineral resource estimate

Silver-equivalent ounces in Measured and Indicated categories increased by 100%

Silver-equivalent grade and tonnage in Measured and Indicated categories increased by 34% and 48%, respectively

Updated mineral resource estimate positions Reliquas project for PEA completion in Q1 2024

Measured and Indicated resource estimate of 1.275 Mt @ 4.34 oz/t Ag, 0.42 g/t Au, 3.14% Zn, 2.06% Pb, and 0.33% Cu

Additional Inferred resource estimate of 1.706 Mt @ 4.07 oz/t Ag, 0.43 g/t Au, 2.96% Zn, 1.84% Pb, and 0.28% Cu

TORONTO, Feb. 7, 2024 /CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or "the Company") (TSXV: AGMR) (OTCQB: AGMRF)

Element79 Gold Reports Multiple High Grade Results from Pillune Area, Lucero Project, Arequipa, Peru

https://thenewswire.com/press-releases/1AqRFGVEq-element79-gold-reports-multiple-high-grade-results-from-pillune-area-lucero-project-arequipa-peru.html

Vancouver, BC – TheNewswire - February 6, 2024 – Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS0)

Aftermath Silver Identifies Porphyry and Skarn Targets at Berenguela Ag-Cu-Mn Project

https://www.newsfilecorp.com/release/196446

February 01, 2024 8:30 AM EST | Source: Aftermath Silver Ltd.

Vancouver, British Columbia--(Newsfile Corp. - February 1, 2024) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQB: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide an update on target generation work underway at the Berenguela Ag-Cu-Mn project in southern Peru. The technical team has been reviewing historic field work carried out by previous operators of the project including Rio Tinto (RTZ).

Metallurgical test work is also underway on silver-copper-manganese mineralization and Aftermath anticipates reporting on this work in February.

Based on a review of historic geophysical data, Aftermath believes that there is potential for bulk-tonnage porphyry and/or skarn-hosted copper mineralisation approximately 4km to the southwest of the Berenguela Ag-Cu-Mn project. Work is ongoing to further define the targets. Aftermath will also be following up on Hole BED 006, drilled by Silver Standard in 2015 on the northeast corner of the current resource (see Aftermath news release dated March 2, 2023), which returned 123 metres of 1.17% copper, partly associated with brecciated dioritic intrusives (see Figure 1 for location).

Geochemical Program and Ground Magnetic Survey

In 2018, Valor Resources Ltd ("Valor") completed a systematic geochemical rock-chip sampling program on a sample spacing of roughly 50m in the southwest of the Berenguela concessions; 198 samples were collected. This program was limited to the west and south by the edge of the Berenguela land package, and to the east by lack of outcrop. There was no evidence of outcropping mineralization to the north and no sampling was carried out there. A location map and Figures 1 & 2 showing the geochemical and geophysical data are available here and are also attached to the bottom of this release.

The geochemistry defines a broad northwest-southeast linear trending copper-in-rock-sample anomaly, roughly 1km long returning assays from trace to a maximum of 10.9% Cu in rock chips (see Fig. 1 & 2). The results include 22 samples grading in excess of 1% copper. There was a general correlation between Cu, Ag, and Mn but little geochemical response was observed from the gold assays. At the northwest end of the anomalous copper trend, outside of Aftermath's concessions, an active mine exploits magnetite hosted in altered limestones of the Ayavacas Formation.

Previous historic geochemical soil sampling programs completed in 2009, 2010 and 2015 have been noted on maps of the area but Aftermath is not currently in possession of the results.

Aftermath geologists have confirmed that the northern part of the copper anomaly is located principally in brecciated diorites of probable Tacaza Group age that intrude Cretaceous dolomitic limestones of the Ayavacas Formation, which also hosts the Berenguela resource. Several old workings show copper mineralization (malachite and neotocite Cu oxides) and Mn oxides related to cross-cutting multi-stage quartz veinlets. Altered dolomitic limestones also show Cu and Mn mineralization. Some skarn float was observed to the east. Photos of hand specimens collected from the area have been posted online here and are also included below.

The geochemical results are historical in nature. Aftermath has not yet undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. However, Aftermath considers these historical sampling results relevant, and the Company will use this data as a guide to plan future exploration programs. The historic analyses were undertaken at SGS Laboratories in Lima via Inductively Coupled Plasma - Optical Emission Spectroscopy (ICP-OES). As part of the QA/QC control Valor inserted 4 standard samples (CDN-HZ-2, CDN-ME-4 and CDN-ME-12), 3 blank samples, and two duplicates. Gold analysis was performed by fire assay at SGS. SGS's facility in Lima is a fully accredited laboratory and Aftermath believes the analytical results are reliable. The exploration results are linked here. The hand sample photos shown below are for demonstration purposes only and the visual presence of minerals is noted without any grade implied.

Geophysics

The Company recently obtained the results of a comprehensive ground magnetic survey carried out by Rio Tinto (RTZ) in 2019 under the terms of a joint venture with the previous operator, Valor. The survey covers the southern portion of the Berenguela land package and complemented a ground magnetic survey carried out in 2009. RTZ's geophysical contractors created a Magnetic Vector Inversion model (MVI) using Geosoft VOXI software.

Aftermath has reviewed the MVI model and extracted the Amplitude, Induced, and Remanent components of this inversion. The Induced and Remnant components appear to have identified 2 potential buried intrusive centres in the south and southwest of the Berenguela land (see Fig. 2). The southwest centre is roughly coincident with the geochemical trend outlined above and appears to be related to the eastern flank of the Limon Verde monzogabbro -dated at 30Ma- which intrudes into the Ayavacas limestones. The Induced component of the magnetic signature suggests the presence of magnetite as an alteration mineral in the intrusives or flanking intruded rocks, whilst the Remnant component suggests the potential alteration of the intruded rocks.

Historic Drilling

Three diamond drill holes were drilled in 2010 by previous operators in the southwest area: BER-G-15, BER-J-14, and BER-F-13. Only BER-J-14 returned 1.48% Cu and 196g/t Ag over 4.0m from 6.5 to 10.5m. The drilling is not considered to have tested the area fully as the holes were positioned marginal to the main copper anomalies identified in 2018. North-south drilling directions carried out were also not conducive to testing any potential mineralisation to the west.

NB: these drill results are historic in nature and Aftermath has not carried out sufficient work yet to confirm them. However, the assays were performed on behalf of Silver Standard by SGS Lima, an internationally accredited lab. The data has been reviewed in detail by Aftermath's technical team and is believed to be of sufficiently good quality to allow aftermath to design a second phase of exploration utilizing the data.

Target Definition Results

Aftermath intends to expand the geochemical exploration using soil sampling to the north-east in an area of mixed outcrop and cover. Orientation surveys will be carried out over the area of rock chip sampling, combined with detailed geological mapping. There is potential to carry out an IP survey orientated in an E-W direction to detect the presence of subsurface accumulations of sulphides which would lead to the generation of drill targets.

Qualified Person

Michael Parker, a Fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by NI 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears.

Berenguela Project: Background

The Company has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining.

Berenguela hosts a potentially open- pittable silver-copper-manganese resource close to Santa Lucia in Puno province, southern Peru.

Silver, copper and manganese have crucial industrial applications in the clean energy and battery spaces. Copper and manganese have been designated critical metals by the US government and the European Union.

The project is less than 6km from road, rail and power lines and 4 hours from Arequipa by sealed road.

Aftermath published a resource estimate in March 2023 based on over 300 core and RC holes.

Metallurgical test work is underway adding to historic work, with the goal of producing silver and copper metal and a commercial battery-grade or fertilizer-grade manganese product.

About Aftermath Silver Ltd.

Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.

Challacollo Silver-Gold project. The Company recently completed the acquisition of a 100% interest in the Challacollo silver-gold project from Mandalay Resources; see Company news release dated August 11, 2022. A NI 43-101 mineral resource was released on December 15, 2020 (available on SEDAR and the Company's web page). The Company is currently permitting road access in anticipation of an upcoming drill program.

Cachinal Silver-Gold project. The Company owns a 100% interest in the Cachinal Ag-Au project, located 2.5 hours south of Antofagasta. On September 16, 2020, the Company released a CIM compliant Mineral Resource and accompanying NI 43-101 Technical Report (available on SEDAR and on the Company's web page).

ON BEHALF OF THE BOARD OF DIRECTORS

"Ralph Rushton"

Ralph Rushton
CEO and Director
604-484-7855

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Certain of the statements and information in this news release constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to interpretation of exploration programs and drill results, predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

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. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices; changes in expected mineral production performance; unexpected increases in capital costs; exploitation and exploration results; continued availability of capital and financing; differing results and recommendations in the Feasibility Study; and general economic, market or business conditions. In addition, forward-looking statements are subject to various risks, including but not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is incomplete or inaccurate. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver's profile at www.sedar.com.

There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. The Company does not undertake to provide updates to any of the forward-looking statements in this release, except as required by law.

Cautionary Note to US Investors - Mineral Resources

This News Release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'') and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies.





Location Map for Figures 1 and 2 (below)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_001full.jpg




Figure 1. Historical magnetometry and geochemistry data

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_002full.jpg




Figure 2. Southwest area, rock geochemistry results (Cu %)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_003full.jpg




Photo 1. Brecciated, silicified diorite with quartz veining and associated Cu-oxide mineralization. Mn oxides occur in the rock matrix.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_004full.jpg




Photo 2. Altered limestone showing Cu and Mn oxides present as veins and patches.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_005full.jpg




Photo 3. Skarn float with quartz veining.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4372/196446_8017c2b8847aa82b_006full.jpg

SOURCE: Aftermath Silver Ltd.

Silver X Delivers Steady Production During Fourth Quarter 2023 and Successfully Implements Shares for Debt Initiative

https://www.accesswire.com/829916/silver-x-delivers-steady-production-during-fourth-quarter-2023-and-successfully-implements-shares-for-debt-initiative

Thursday, 01 February 2024 07:30

VANCOUVER, BC / ACCESSWIRE / February 1, 2024 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX)

Sierra Metals Provides Update on Level 1120 Permit at Its Yauricocha Mine in Peru

https://ca.finance.yahoo.com/news/sierra-metals-provides-level-1120-203100155.html

Business Wire
Mon, January 29, 2024 at 12:31 p.m. PST·4 min read

SMTSF
+0.7687%

(All amounts expressed in USD, unless otherwise stated)

TORONTO, January 29, 2024--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or the "Company") today provided an update on the status of its permit to operate below the 1120 level ("Level 1120") at its Yauricocha Mine in Peru. The Level 1120 permit that is currently being assessed by the National Service for Environmental Certification for Sustainable Investments in Peru ("SENACE") is in the final stages of the procedure and a resolution is expected by the end of Q1 2024. All other Peruvian agencies involved in the assessment have granted their positive opinion to operate below Level 1120.

Ernesto Balarezo, CEO of Sierra Metals, commented, "Obtaining the permit will provide our Yauricocha Mine with access to large ore bodies thereby enabling the mine to achieve its full capacity by increasing its throughput by approximately 40%. Additionally, this will support the long-term continuation of Yauricocha where over 1,500 employees and their families depend on this operation as well as several local communities benefit from mining taxes provided by Yauricocha. With this permit in place, the Company will be able to execute its comprehensive investment plans, covering both operating expenses and capital expenditures, totaling nearly $1 billion over the next decade."

The Company anticipates that once the Level 1120 permit is received, it can begin development and preparation work to start mining. The Company expects that it will take between six and nine months to reach full production from below Level 1120. Current estimates for capital required to begin mining below Level 1120 range between $3 to $4 million, which the Company expects to fund from existing sources of cash and working capital.

The Company continues to work on this matter, continuously providing information to the authorities in order to obtain the approval of the permit, and will continue to update the market on this matter in due course.

About Sierra Metals

Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The Company is intent on safely increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

Forward Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra Metals and reflects management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action including the accuracy of the Company's current mineral resource estimates, that the Company's activities will be conducted in accordance with the Company's public statements and stated goals, and that there will be no material adverse change affecting the Company, its properties or its production estimates, the expected trends in mineral prices, inflation and currency exchange rates, that all required approvals will be obtained for the Company's business operations on acceptable terms, and that there will be no significant disruptions affecting the Company's operations. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "expects", "is expected", "estimates", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will ", or the negative of these words or comparable terminology. Forward-looking statements include statements with respect to the timing of the "mine to grow its throughput" and "to reach full production from below Level 1120". By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra Metals to be materially different from any anticipated performance expressed or implied by such forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 28, 2023 for its fiscal year ended December 31, 2022 and other risks identified in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240129417805/en/

Contacts

For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:

Investor Relations
Sierra Metals Inc.
Tel: +1 (866) 721-7437
Email: info@sierrametals.com

SILVER MOUNTAIN ANNOUNCES METALLURGICAL RECOVERIES AND CONCENTRATE GRADES FROM ITS RELIQUIAS PROJECT PERU

https://www.newswire.ca/news-releases/silver-mountain-announces-metallurgical-recoveries-and-concentrate-grades-from-its-reliquias-project-peru-897130535.html

Silver Mountain Resources Inc. Jan 31, 2024, 08:36 ET

TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR

Hannan Submits Declaracion De Impacto Ambiental (DIA) for the Valiente Project, Peru

https://www.accesswire.com/829140/hannan-submits-declaracion-de-impacto-ambiental-dia-for-the-valiente-project-peru

Tuesday, 30 January 2024 06:30

VANCOUVER, BC / ACCESSWIRE / January 30, 2024 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased to announce the completion and submission of its Declaracion de Impacto Ambiental ("DIA") or Environmental Impact Statementat its Valiente copper-gold porphyry project in Peru. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in Peru.

Highlights:

The area for the DIA allows for 40 drill platforms and covers an area approximately 12 km long and 3 km wide (944.17 hectares and disturbance area of 1.74 hectares), at the Valiente project and covers the Ricardo Herrera, Vista Alegre and Sortilegio prospects (Figures 1 and 2);
Hannan has discovered a new metallogenic province of Peru at the Valiente project, where Hannan is targeting Miocene age porphyry copper-gold in a back-arc setting in Central Eastern Peru. The DIA area represents a small proportion (4%) of Hannan's total landholding at Valiente.

Michael Hudson, CEO, states "Coming on the back of our recent DIA approval at San Martin, the submission of our DIA is another major milestone for Hannan and fits with our strategy of obtaining staggered drill permits to see us drilling multiple targets in the back arc of Peru in our search for giant mineral systems.

"Once the DIA is approved, our maiden drill program at Valiente will consist of up to 40 drill platforms to initially test the extensive porphyry copper-gold and epithermal gold mineral system for the first time. The permit will enable us to drill all three prospects outlined in more detail below, Ricardo Herrera, Vista Alegre and Sortilegio.

We are thankful for all the detailed work of our employees and external experts and the support of the local communities during the public participation meetings, as well as the advice from various government agencies."

Work for the DIA included professional archaeological investigations, community workshops and liaison activities to collect appropriate information necessary to make the submittal for approval to the DGAAM - General Directorate of Mining Environmental Affairs - of the Ministry of Energy and Mines, Peru. The work program included:

Environmental baseline monitoring for the project, conducted by third party experts;
The Peruvian Ministry of Culture granted the CIRA (Certificate of non-existence of archaeological remains) which declares that the project does not impact archaeological sites; and
Public participation meetings outlining Hannan's exploration plans were held in the hamlets of Pucayoc and Cunchiyacu, where the communities are on record as approving of the Company's proposed drill program.

The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed in Peru. Final DIA and other approvals are anticipated during Q3 2025.

About the Valiente Project

At the Valiente project, Hannan is targeting Miocene age porphyry copper-gold in a back-arc setting in Central Eastern Peru. Hannan considers the belt to be a potential new metallogenic province of Peru. Located far inboard of the conventional porphyry settings, the project shows regional similarities to deposits such as the large Bajo de Alumbrera copper-gold porphyry in Argentina.

The Valiente Cu-Au project represents a small proportion (4%) of Hannan's total landholding at Valiente.

In 1984 Ingemmet, the Peruvian Geological Survey, conducted mapping in the central part of the Central Cordillera in the Departments of Huanuco and Ucayali. The area was sporadically explored during the 1990's by Gitennes, Newcrest, BHP, WMC and others but records are sparse. At this time, access to the area was restricted because of unpredictable security conditions and poor infrastructure.

From 2020 to 2021, Hannan launched a greenfields exploration program for porphyry and epithermal gold deposits in the high jungle areas of the Eastern Cordillera of Peru, which included regional database compilation, target generation, and field mapping. Hannan also conducted regional stream sediment sampling (fine clay fraction). The target generation permitted definition of prospective area, one of which was the Valiente block located along the eastern flank of the Central Cordillera, Department of Ucayali.

The Belen Copper-Gold Porphyry Project

The Belen prospect, 100% owned and explored by Hannan, is located 19 km east of the city of Tingo Maria, in central Peru. The deposit site is characterized by steep topography on the eastern flank of the Central Cordillera with elevations between 800 m and 2,000 m above sea level ("a.s.l."). The project was discovered in 2021 during an extensive greenfields exploration program initiated by Hannan.

Peru has been a major copper and gold producer since precolonial times. Currently known gold deposits include orogenic gold, porphyry Cu-Au, porphyry Au, transitional porphyry-epithermal, epithermal, and placer gold. The Belen project may represent a transitional porphyry-epithermal style within the newly discovered Valiente metallogenic belt of the central eastern Andes. The Valiente project is located further east than most of the conventional Andean porphyry settings and shows regional similarities to deposits such as the large Bajo de Alumbrera copper-gold porphyry in Argentina. It is interpreted that Valiente was formed in a tectonically favourable area associated with an arc-oblique wrench fault system, that may have aided the ascent of oceanic arc-related magmas into the transfer zone so far inboard from the magmatic arc.

A 5,176-line km airborne magnetic and radiometric survey has been completed and processed at the Valiente project. The survey covers the entire 94,500 ha of Hannan's 100%-owned mining concessions across the project area. Hannan's preliminary evaluation of the airborne data demonstrates at least 18 magnetic anomalies of significance across the project. Magnetic and radiometric data were recorded simultaneously during the survey. Both data sets are instrumental for targeting porphyry deposits due to the presence of magnetic minerals (such as magnetite) and potassic alteration (from minerals such as biotite and K-feldspar), often associated with the core of porphyry mineral systems. A strong correlation is observed with known mineralized areas and magnetic and potassic radiometric anomalies such as at the Belen prospect with two porphyry targets at Ricardo Herrera and Sortilegio and Valiente Norte, where four magnetic targets have been identified.

The Belen Cu-Au target contains a linked porphyry copper-gold and epithermal gold mineral system which include a number of prospect areas described below in more detail.

Ricardo Herrera Copper-Gold Porphyry Target

A linked porphyry copper-gold and epithermal gold mineral system has been identified at Belen within an 8 km by 2 km trend. Recent detailed field work has identified a leached copper-gold porphyry with well-developed quartz veining at upper topographic levels and evidence for an enriched chalcocite blanket sampled over 1 km within lower lying creeks at the Ricardo Herrera Copper-Gold Porphyry Target. This coincides with a highly anomalous Cu-Au-Mo soil anomaly over a 1,600 m by 800 m area above a mapped and radiometrically dated Miocene-age porphyry intrusion.

The Ricardo Herrera porphyry stock was intruded in several stages, broadly termed early, intermineral, and late, all interpreted within a relatively short time interval. The early stages are hornblende feldspar porphyries of andesitic composition, whereas the late stages consist of unaltered feldspar porphyries of andesitic composition. The intrusions caused contact metamorphism and hydrothermal alteration that partially obliterated the original texture and composition of the sedimentary country rocks. Two early porphyries are identified. The first being an intermediate argillic (chlorite from secondary biotite-white micas) with relicts of potassic alteration (secondary biotite-magnetite) with "EB" type veinlets (early biotite), M-type (magnetite) veinlets and few A-type veinlets (quartz). The second early porphyry intrusion is characterized by A-type veinlets, jarosite-goethite iron oxide veinlets with phyllic alteration (quartz-white sericite), argillic alteration (kaolinite). The intermineral stock is dominated by supergene argillic alteration and propylitic alteration (chlorite, epidote).

In porphyry copper systems, the area with the highest copper grade often corresponds to the early porphyries. The focus of the detailed geological mapping has therefore been to identify this area and to sample it with systematic rock sampling.

At Ricardo Herrera the combined early hornblende feldspar porphyry is at least covering an area of 850 m x 250 m on the surface. But limited exposures, that are mostly constrained to creeks and rare outcrops, make it difficult to define the true area. Observed copper minerals include pyrite, chalcopyrite, chalcocite, molybdenite, neotocite and chrysocolla mineralization. The intermineral hornblende feldspar porphyry contains supergene argillic alteration and minor neotocite. Moderate to pervasive secondary biotite alteration is common throughout the host rock. Strong chloritization and pyritization is observed replacing the secondary biotite.

At this initial stage of exploration at the Ricardo Herrera porphyry target, the early porphyry occupies a surface area of 0.21 km2 which is comparable to the 22.37 Moz gold La Colosa deposit in Colombia where the early diorite porphyry occupies a surface area of 0.35 km2.

Channel sampling at Ricardo Herrera has been focused on creeks where outcrop exposures are good. In many places access is a limiting factor of what can be sampled. Most channels have to date been taken from zones peripheral to what is interpreted to be the core of the system. The results are summarized in Table 1. Results from 34 individual channels include 5 m @ 0.11% Cu and 5 ppm Mo. This channel is open to either side and is from the strongly leached and weathered exposure of the early diorite porphyry. Fractures are rich in jarosite and goethite after pyrite and chalcopyrite. Importantly, the best and highest-grade results have been achieved from the leached early porphyry. The results are also low in manganese therefore interpreted to be representative of a leached porphyry system. Channel sampling continues.

Results from 13.7 km Induced Polarization ("IP") geophysical survey at Ricardo Herrera prospect were released during the period. The survey identified two chargeable zones corresponding to two mapped porphyry units. Each represents a significant exploration target. The second target demonstrates the greatest potential with a chargeable zone over 800 m x 600 m and to at least 500 m depth which remains open.

Vista Alegre Epithermal gold target

Vista Alegre consists of a gold-bearing epithermal target identified by large gold mineralized boulders of quartz-pyrite and iron oxides. Strongly gold anomalous soil samples have been discovered 2.5 km NW of Ricardo Herrera. Infill sampling at 25 m x 25 m on the target has now been initiated.

Previous work has also included:

Systematic 100 m x 100 m soil sampling program. Two strong gold anomalous trends that extend for 1,800 m and 970 m respectively have been identified. Assays have been received to date from 376 samples covering an area of 2 km x 1.7 km. Values range from <0.001 ppm to 0.094 ppm, average 0.0056 g/t in soil. The gold anomaly correlates very well with several elements including arsenic.
Soil anomalies are coincident with gold found in quartz-iron oxide boulders. To date 19 boulders >0.1 ppm Au have been sampled over a trend of 1.6 km that is parallel to the main gold anomaly. A total 43 rock samples from boulders average 0.48 g/t Au, 6 g/t Te and range from below detection limit to 2.69 g/t Au and
Two gold mineralized outcrops have also been located 270 m apart. The mineralization is hosted by 5 - 30 cm wide quartz veins in an intrusive host rock with magnetite and iron oxides. The mineralization is correlated with high values of copper and molybdenum. The outcrops assayed:
Grab sample: 1.17 g/t Au, 0.67 % Cu and 33.4 ppm Mo.
Channel sample: 30 cm @ 3.21 g/t Ag, 0.57 % Cu and 22 ppm Mo

Sortilegio

The bedrock of the Sortilegio area is characterized by a multistage intrusive event with complex intercutting relationships. The event was dated (U-Pb) by Hannan in May 2023 to belong to the fertile Miocene epoch (21.8-21.2 Ma). The rocks are composed of diorite to monzonite intrusions, gabbro pyroxenite/lamprophyre and a late stage of megacryst k-feldpar rich monzonite. The intercutting relationships are mostly gradational, and the youngest rocks are the gabbro pyroxenite/lamprophyre and monzonite. The monzonite is mostly K-feldspar megacrystic with a pegmatitic texture. The youngest rocks mapped are thin porphyritic dykes and veins and they are inferred to be contemporary with the mineralization.

The mineralization overprints all rocks in the area. It is characterized by a zoned stockwork of goethite-hematite veinlets with relicts of sulphides. The zoning is marked by the intensity of the veinlets/m and vein brecciation in the contact of the k-feldspar megacrystic monzonite. The goethite-hematite veins have formed after primary copper sulfides and represent a leached part of the system, with minor remnants of chalcopyrite-pyrite still present. Magmatic-hydrothermal breccias are often important hosts in alkalic systems.

Detailed mapping at Sortilegio has demonstrated a leached alkalic porphyry style copper mineralization over an area of 1,800 m by 1,000 m area. Most notable is a stockwork of goethite veinlets overprinting all phaneritic rocks with six core zones with >20 veinlets/m. Lower intensity veining, marked by 10 to 20 veinlets/m envelope the core zone and form a halo to the higher-grade mineralization. High-grade copper-gold bearing massive goethite boulders with remnants of secondary biotite with one boulder assaying 16.0% Cu and 4.4 g/t Au are interpreted to be sourced from structurally controlled mineralization within these core zones.

Strong indications are also emerging of a 4 km long skarn hosted gold-base metal target (the Belen Skarn zone) north and east of Sortilegio, expanding the footprint of the mineral system to cover 10 km. The soil anomalous trend is parallel to an Andean thrust fault and initial soil data suggest a strike >4 km. 190 soil samples have been analyzed with pXRF and 90 samples with fire assay from the area with results ranging from 6 ppm Zn to 2,031 ppm Zn and averaging 109 ppm Zn, 2 ppm Pb to 266 ppm Pb and averaging 18 ppm Pb and <0.001 g/t Au to 0.103 /t Au and averaging 0.008 g/t Au.

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 25g fire assay sample charge.

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

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

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

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Chairman & CEO

Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, info@hannanmetals.com

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

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





SOURCE: Hannan Metals Ltd.

Element 79 Gold Signs LOI for Lucero Property Ore Sales in 2024

https://thenewswire.com/press-releases/1Av7Fj9pr-element-79-gold-corp-signs-loi-for-lucero-property-ore-sales-in-2024.html

VANCOUVER, BC / THENEWSWIRE / January 30, 2024 – Element 79 Gold Corp (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("ELEM" or the "Company") announces that is has completed an LOI with Compañía de Minas Buenaventura S.A.A. (“BVN”) that is a significant stride toward realizing reanimating and generating revenue from its flagship past-producing Lucero property, near Chachas, Arequipa, Peru.

A Transformative Move, Element 79 Gold Corp has signed a Letter of Intent (LOI) with Compañía de Minas Buenaventura S.A.A. ("BVN") that paves the way for the sale of ore from the Lucero property. This marks a pivotal moment in the Company's journey and aligns directly with its cash-flow generation strategy for 2024.

Unlocking Lucero's Potential CEO of Element 79 Gold, James C. Tworek, expressed his confidence in the opportunity the LOI realizes, stating, "This LOI represents a pivotal moment for ELEM – Proof of Concept that this past-producing mine has valuable economic potential today - by aligning with a potential regional commercial partner, and spurring the path to restarting commercial production in the near term. Our team has a series of project milestones to achieve along the way to realizing this potential offtake, including completing a Definitive Agreement with BVN. We are confident our efforts will enrich our understanding of Lucero's property and help unlock more of the inherent value of ELEM's crown jewel."

Key Terms of the LOI Under the terms of the LOI, Element 79 Gold and BVN have outlined several key points that promise exciting prospects for the Lucero property:

Bulk Sampling Program: A Pilot Bulk Sampling Program is set to commence in mid-2024, aiming to extract a minimum quantity of ore over a 12-month period, to be shipped to BVN's Orcopampa mill for processing.

Definitive Agreement: The parties are committed to negotiating a Definitive Agreement approximately 90 days before the Pilot Program's start.

Quantity: ELEM will deliver an average of 200 tons per day of ore to BVN's Orcopampa facilities under the Pilot Program.

Right of First Refusal: BVN has the exclusive right of first refusal to buy the ore produced by ELEM during the Pilot Program.

Purchase Price: The purchase price per metric ton of ore will be determined per delivery, after sampling and testing by BVN, based on industry standards and the LME (London Metal Exchange) pm price of the day.

Delivery Schedule: Specific delivery schedules will be mutually agreed upon in advance, ensuring smooth coordination with Orcopampa's operations.

Quality Control: Rigorous quality control mechanisms will be established to meet agreed-upon specifications.

Unlocking the Past for a Bright Future the expertise of ELEM's team, notably in mine planning and development, Andean geology, and mine operations in Peru, which played an important role in the current community relations and 2023 mapping and sampling plan, as well as will all play a crucial role in drilling for resource value and restarting production. Another component of the LOI is that BVN has granted ELEM access to valuable historical information from its archives, allowing ELEM to benefit from a more comprehensive understanding of the property, and therefore a greater potential for more effective and efficient mine planning. This knowledge will be instrumental in developing an efficient bulk tonnage extraction and toll processing plan.

A Bright Future Beckons Element 79 Gold Corp’s management and Board believes it is in a remarkable position and opportunity, opening doors to revenue generation from the Lucero property. This strategic partnership has great potential, marking a significant milestone in the Company's pursuit of excellence in the mining industry along with the community of Chachas.

Note: This Letter of Intent is not legally binding and is intended as a preliminary expression of the parties' intentions, subject to further negotiation and execution of formal additional Agreements.

About Compañía de Minas Buenaventura S.A.

Compañía de Minas Buenaventura is a Peruvian precious metals producing company with experience in mine exploration, development, construction and operation activities. BVN’s journey in 1953 with the acquisition of the Julcani mine, in Huancavelica. Since then they have developed a business culture that focuses on caring for the environment, the health and safety of all our collaborators, and respect for communities. BVN was the first Latin American mining company to list on the New York Stock Exchange, in 1996.

For more information please visit: https://www.buenaventura.com/es/nosotros#perfil-corporativo

About Element79 Gold Corp

Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.

The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date in the first half of 2024. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this sale on or before July 21, 2024.

In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.

The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process.

The Company’s 2023 review and Corporate Update can be reviewed HERE

For more information about Element 79 Gold Corp. please visit www.element79.gold.

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer and Director
E-mail: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1.403.850.8050
E-mail: investors@element79.gold

Western Metallica Makes Copper Discovery on Caña Brava Porphyry Project in Peru

https://ca.finance.yahoo.com/news/western-metallica-makes-copper-discovery-120000759.html

Western Metallica Resources Corp.
Mon, January 22, 2024 at 4:00 a.m. PST·6 min read

WMS.V
-18.1818%

Figure 1



Caña Brava Project: drone-borne RTP magnetic anomaly map showing the alteration footprints over Caña Brava 1 and Luz Maria.
Figure 2



Luz Maria Prospect: map showing the outcroppingintrusions, with the average Cu and Mo grades, coincident magnetic anomalies, and other possible intrusion centres below the sedimentary and colluvium cover.
TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to report on a recent discovery at Luz Maria, one of two prospects within the Company’s Caña Brava Project, where recent geochemical and drone-borne magnetometry surveys have confirmed a ~2.7 km by ~1.5 km potassic and phyllic alteration, typical of Andean Cu-Mo porphyry systems, associated to magnetic anomalies and consistent copper grades up to 700 ppm Cu (0.07% Cu) and 600 ppm Mo (0.06% Mo). The discovery at Luz Maria, coupled with the confirmation of the size and grades of the Caña Brava 1 prospect, is a major development for the Company. Further target definition work and initial scout drilling is currently being planned by the Company’s technical team to test this new discovery located in one of the world’s premier porphyry belts.

Highlights of the Luz Maria Discovery

Cu-Mo porphyry target defined by a ~2.7 km by ~1.5 km phyllic and potassic alteration footprint.

Consistent anomalous grades up to 0.07% Cu and 0.06% Mo from multi-phase intrusions.

Large coincident magnetic anomaly extending under the sedimentary cover.

Discussion of the Caña Brava Project field work completed during Q4-2023

Luz Maria, located on the South-Eastern sector of the Caña Brava Project, is a well-preserved porphyry target with multiple mineralized intrusion events and an estimated ~2.7 km by ~1.5 km potassic and phyllic alteration footprint, comparable to other porphyry deposits in Peru such as Southern Copper’s Michiquillay Cu-Au-Mo deposit. During Q4-2023, the Company’s geologists collected 126 rock chip and 46 diamond-sawn channel samples with variable lengths between 1 and 1.5 meters of continuous samples. Results from representative channel samples from outcrops at the bottom of a creek confirmed that at least three intrusion phases host Cu and Mo-sulfide mineralization averaging 500 ppm Cu and 200 ppm Mo as well as anomalous Cu, averaging 300 ppm, from the quartz sandstone. The possible lateral extensions of these intrusions are covered by both sedimentary units and Quaternary colluvium.

The Caña Brava 1 prospect, located on the Northwestern sector of the project, is a well-preserved ~1 km by ~1 km sized porphyry target characterized by a distinctive leached zone with goethite and hematite box works. Western Metallica collected 35 rock chip samples at Caña Brava 1 and confirmed grades up to 0.4% Cu from the sedimentary rocks, and average 500 ppm Cu from the intrusive rocks.

Western Metallica also announces positive results from the preliminary processing and qualitative interpretation of the recently acquired unmanned aerial vehicle (UAV) magnetic survey covering approximately 58 km2. The UAV magnetic survey has identified two zones of high susceptibility, likely intrusive stocks, with zones of demagnetization around the intrusives. The geophysical results at Luz Maria, consistent with field mapping, confirm the potential for a large porphyry Cu-Mo cluster under the sedimentary and colluvial cover, providing valuable targets for further exploration. The company is now planning a follow-up IP/Resistivity survey to further define the porphyry centres and drill targets.



Caña Brava Project: drone-borne RTP magnetic anomaly map showing the alteration footprints over Caña Brava 1 and Luz Maria.

Figure 1 - Caña Brava Project: drone-borne RTP magnetic anomaly map showing the alteration footprints
over Caña Brava 1 and Luz Maria.

Gregory Duras, Western Metallica’s CEO and Director, commented, “We are very excited with this new discovery in what is elephant country for porphyry exploration. The Western Metallica team is focused on delivering value through the exploration and development of our Peruvian assets, as we advance our overall quality pipeline of attractive and underexplored copper and gold assets. The encouraging initial data received from the Q4-2023 work at Caña Brava coupled with the Company’s technical expertise and strong cash position to advance operations through 2024, puts us in a prime position to unlock the untapped potential of this newly-acquired copper project and create accretive value for our shareholders.”

Western Metallica’s 2024 exploration program will focus on confirming the presence of a large porphyry system at Caña Brava. Environmental baseline studies supporting the drill permitting process have now been completed at Luz Maria. The recent geophysical work, which outlined several highly-prospective porphyry targets at Caña Brava, coinciding with Cu-Mo anomalies at both Luz Maria and Caña Brava 1, will allow the Company to prioritize areas for the drill program planned for late 2024. The initial work at the Caña Brava Project also highlights similarities to neighboring large emerging copper discoveries such as Hudbay’s Llaguen Cu-Mo deposit, located approximately 15 km east of Caña Brava. The Llaguen deposit hosts shallow mineralization over a 1.3-km strike length, with shallow high grade mineralization, and has an indicated mineral resource estimate totalling 271 million tonnes at 0.33% Cu (https://hudbayminerals.com/investors/press-releases/press-release-details/2022/Hudbay-Provides-Exploration-Update-and-Announces-Initial-Mineral-Resource-Estimate-at-Llaguen/default.aspx).



Luz Maria Prospect: map showing the outcroppingintrusions, with the average Cu and Mo grades, coincident magnetic anomalies, and other possible intrusion centres below the sedimentary and colluvium cover.

Figure 2 – Luz Maria Prospect: map showing the outcropping intrusions, with the average Cu and Mo grades, coincident magnetic anomalies, and other possible intrusion centres below the sedimentary and colluvium cover.

Background

Western Metallica holds the option to acquire 100% of the mineral claims, rights and interests in two Cu-Mo projects located in Northern Peru: Caña Brava and Turmalina (refer to press release dated August 10th, 2023). Both projects are in a prolific Cu-Mo metallogenic belt, extending from Northern Peru into Ecuador, which has seen notable exploration success and hosts world class discoveries and deposits such as La Granja (First Quantum), Cañariaco (Alta Copper), and Rio Blanco (Zijin Mining Group). The Company´s projects are well located in proximity to industrial ports and major paved roads, and each project is comprised of large mineral concessions conducive to future project scalability. The Caña Brava Project is a highly prospective 5,700-hectare copper-molybdenum property located in the La Libertad Department of northern coastal Peru, only 35 kilometers inland from the Peruvian coast and at an elevation of 1,500 metres in the western Cordillera of the Peruvian Andes.

Quality Assurance and Quality Control

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

Qualified Persons

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

About Western Metallica Resources Corp.

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

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

Cautionary Note Regarding Forward-Looking Statements

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

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

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

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

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

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3afd10a4-fc82-49bd-9fc1-bc93489dfc80

https://www.globenewswire.com/NewsRoom/AttachmentNg/b615787e-032f-4c3e-af16-9d0c445c26d1

CONTACT: For more information please contact:
Western Metallica Resources Corp. Gregory Duras Chief Executive Officer
Email: gduras@westernmetallica.com Investor Relations Email: info@westernmetallica.com

Hannan Receives Dia Approval for Maiden Drill Program at San Martin in Peru

https://www.accesswire.com/827931/hannan-receives-dia-approval-for-maiden-drill-program-at-san-martin-in-peru

Thursday, 25 January 2024 06:30

VANCOUVER, BC / ACCESSWIRE / January 25, 2024 / Hannan Metals Limited ("Hannan" or the "Company") (TSXV:HAN)(OTC PINK:HANNF) is pleased announce that it has received its environmental permit, the Declaracion de Impacto Ambiental ("DIA"), from the Ministry of Mines in Peru. The DIA is the primary environmental certification required to allow low impact mineral exploration programs, that includes drilling programs, to proceed at the San Martin copper-silver project in Peru.

Highlights:

The area for the DIA allows for 40 drill platforms and covers an area approximately 9 km long and 3 km wide (2,700 hectares) at Tabalosos East (Figures 1 and 2);
Drilling tenders are being sought now. Next steps are to apply for the Authorization to Initiate activities from the DGM (General Directorate of Mining from the Ministry of Mines), a process that takes 1 to 3 months, and then the Water Use Permit (1 month duration) from the Peru National Water Authority ("ANA") which should see drill rigs on the ground in San Martin at the start of Q2 2024. As no indigenous population exists within the DIA area, Prior Consultation ("Consulta Previa") does not apply;
The copper-silver mineralized shale drill target at San Martin averages 0.9 m thickness at 1.9 % copper and 27 g/t silver from 105 surface channels and has been further defined by soil sampling and LiDAR over an area of 9-km-long by 1-km-wide area that is interpreted to extend with shallow dips to the west for between 2-4 km, with a target depth ranging from surface to 500 m.

Michael Hudson, CEO, states "The approval of our DIA is a watershed moment for Hannan and our Joint Venture Partners, JOGMEC (Japan Organization for Metals and Energy Security), for exploration in the foreland basins and back arc of the Andes in Peru.

"Our maiden low impact drill program will consist of up to 40 drill platforms to thoroughly test the extensive copper-shale horizon with holes up to 500 m depth. The DIA allows for hand-carried and helicopter-supported drill testing of its San Martin copper-silver project. We are thankful for all the detailed work of our employees and external experts and the amazingly strong support of the local communities during the public participation meetings, as well as the advice from various government agencies.

"We now can apply for the authorization to initiate activities, a process that typically takes one to three months followed by the water use permit, which should see us drilling early in Q2 2024.

"The drill program will provide the opportunity to outline the scale and grade of the extensive copper-silver-rich shale horizon into the third dimension after mapping continuity of the copper-silver mineralized shale over a 9 km x 1 km surface area at San Martin."

San Martin Copper-Silver Project

Sediment-hosted stratiform copper-silver deposits are among the two most important copper sources in the world, the other being copper porphyries. They are also a major producer of silver. KGHM Polska Miedz's ("KGHM") three copper-silver sediment-hosted mines in Poland (the "Kupferschiefer") were the leading silver producer in the world and seventh largest global copper miner in 2020. Quoted resources in 2019 for KGHM were 1,518 Mt @ 1.86% copper and 55 g/t silver from a mineralized zone that averages 0.4 m to 5.5 m thickness.

To provide context, Hannan's widths and grade (0.9 m @ 1.9 % copper and 27 g/t silver) from 105 channel surface samples reported at San Martin (lower cut 0.5% copper), within an area about 9 km long and 1 km wide, compare with those found during the initial modern-day drill discovery of the Kupferschiefer copper-silver deposits (Figure 2).

In 1957 the discovery drillhole (Sieroszowice IG 1) intersected 2.0 m @ 1.5% copper at the depth of 657 m.
In 1959 the Lubin-Sieroszowice deposit, based on the results from 24 drillholes contained 1,365 Mt @ 1.4% copper and 26 g/t silver in indicated resources, with a thickness ranging between 0.2-13.1 m in an area about 28 km long and 6 km wide between 400 m and 1,000 m depth.

Hannan's sampling, to date, has been confined to surface channel sampling, although mineralization at Tabalosos East is interpreted to extend with shallow dips to the west for between 2-4 km, with a target depth ranging from surface to 500 m (Figure 3).

Technical Background

All samples were collected by Hannan geologists. Samples were transported to ALS in Lima via third party services using traceable parcels. At the laboratory, rock samples were prepared and analyzed by standard methods. The sample preparation involved crushing 70% to less than 2 mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns. Samples were analyzed by method ME-MS61, a four-acid digest preformed on 0.25g of the sample to quantitatively dissolve most geological materials. Analysis is via ICP-MS. Channel samples are considered representative of the in-situ mineralization samples and sample widths quoted approximate the true width of mineralization, while grab samples are selective by nature and are unlikely to represent average grades on the property. Gold was analyzed by ALS in Lima using a standard sample preparation and 25g fire assay sample charge.

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

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

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

On behalf of the Board, Further Information
www.hannanmetals.com
1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez, Corporate Secretary,
+1 (604) 685 9316, info@hannanmetals.com
"Michael Hudson"
Michael Hudson, Chairman & CEO
Forward Looking Statements. Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including COVID-19; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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







SOURCE: Hannan Metals Ltd.

Peruvian Metals Acquires 100% Interest in the Au-Ag-Cu Palta Dorada Project in Northern Peru

https://www.newsfilecorp.com/release/194262

January 15, 2024 9:42 AM EST | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - January 15, 2024) - Peruvian Metals Corporation (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce the purchase of Rio Silver's 50% interest in the Palta Dorada Gold-Silver-Copper property ("Palta Dorada" or the "Property") located in Northern Peru, resulting in 100% ownership. The Company previously earned 50% ownership in the Property in 2020 by investing USD $250,000 and continued to fund project costs into 2021 and after.

The acquisition of the remaining interest in Palta Dorada provides the Company with a strategic advantage due to the unique high-grade gold-silver mineralization that occurs in both oxides and sulphides. Peruvian Metals' 80% owned Aquila Norte flotation plant is located 120 km northwest of the Property and can process the sulphides creating a highly marketable Cu-Au-Ag concentrate. The oxide material will be treated differently, and the Company will seek to build a Carbon-in-Pulp ("CIP") gold ore processing circuit either at Aquila Norte or near the project site at Palta Dorada. Further updates regarding the proposed gold process circuit, size and location will be issued as they become available.

"Peruvian Metals has demonstrated the ability to operate efficiently and effectively in Peru and we are now ready to expand operations from a position of strength due to our experience and improved financial situation" commented Jeffrey Reeder, C.E.O., and Director of the Company. "After several recent site visits to our operations and others, the management team is convinced that there is an ample supply of gold-bearing material in northern Peru. Our proposed move into the Peruvian gold space will be bolstered by the consolidation of Palta Dorada and will be one of many catalysts and sources of material for the CIP circuit. In addition, the Company holds other assets in Peru whereby negotiations are taking place with artisanal miners that need capital for their operations and space for processing. We will always retain the first right to purchase or process minerals from the miners."

Palta Dorada Work History and Geology

The Palta Dorada Au-Ag-Cu property is in the Ancash mining department in northern Peru and covers an area of approximately 2,250 hectares. The Property is accessible from the Aguila Norte plant by approximately 120 km of mainly paved roadway. The development of the Property has been delayed since April 2023 due to extensive damage to the access road from El Niño flooding. The construction of a new access road will be a priority moving forward.

The development work by Peruvian Metals at Palta Dorada concentrated on the main San Juan vein which surface exposure shows at least an 840-metre strike length. Work to date includes a 160-meter access drift on the lower 895-metre level. The Company has also opened and widened a 53-metre shaft where artisanal miners had extracted hundreds of tonnes of highly mineralized ore that was sold to local toll mills.

Seven chip samples were taken at various depths in the shaft from a quartz vein containing sulphides. Previously reported assay results from these samples range from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.31 % Cu to 4.94 % Cu over an average width of 0.60 metres. The weighted average of the assay results is 10.51 g/t Au, 329 g/t Ag and 1.74 % Cu.

The shaft clearly shows the transition from the oxide zone to the sulphide zone. Assay results from the oxide zone within the shaft range from 0.87 to 55.3 g/t Au. In 2022, 31 tonnes of oxide gold mineral were extracted in the shaft area, shipped, and sold to a local mill in Southern Peru. The mineral averaged 8.83 g/t Au with a 90% recovery.

A second well-mineralized structure north of the main structure has had twelve samples taken from oxide material over a strike length of approximately 480 meters. All samples were strongly oxidized, and assay results ranged from 1.40 g/t Au to 17.3 g/t Au, 10.8 g/t Ag to 456 g/t Ag over widths of 0.20 to 0.80 meters. The weighted average of the results is 7.92 g/t Au and 102 g/t Ag. A mini-bulk sample was taken for metallurgical work from sacks containing oxide gold material. A bottle-roll metallurgical test was performed with a head grade of 13.0 g/t Au and 102 g/t Ag returned 92.15-per-cent gold and 65 percent silver recoveries over 36 hours.

Terms of the Acquisition

To acquire the remaining 50% interest in Palta Dorada, Peruvian Metals will pay Rio Silver $250,000 US over five months. An initial payment of $25,000 US has been made with Rio Silver retaining a 3% NSR which is capped at $2 million US. Peruvian Metals must also ensure that the royalty will pay a minimum of $50,000 US per year for a period of five years.

Qualified Person

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

About Peruvian Metals Corp.

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

ON BEHALF OF PERUVIAN METALS CORP.

(Signed) Jeffrey Reeder

For additional information, contact:

Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com

Evan Eadie, Corporate Development
Tel: (647)-370-5268
E-mail: evan@peruvianmetalsir.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.

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

SOURCE: Peruvian Metals Corp.

Peruvian Metals Achieves Record Throughput for 2023 at Aguila Norte Processing Plant and Closes the Sale of the Panteria Cu-Au Project

https://www.newsfilecorp.com/release/193925

January 11, 2024 12:18 PM EST | Source: Peruvian Metals Corp.

Edmonton, Alberta--(Newsfile Corp. - January 11, 2024) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") announces production results for 2023 at its 80%-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru.

During 2023, the Plant processed a yearly record of 30,199 tonnes of wholly owned and third-party mineral compared with 29,667 tonnes in 2022 and 28,654 tonnes in 2021. This represents a progressive increase year over year at Aguila Norte.

The Company is also pleased to announce that it has closed the sale of the Panteria Cu-Au Porphyry Project to International Metals Mining (formerly Gold State Resources). The Company has received the final payment of USD 100,000 and all shares have been delivered to the Company. Details of the agreement are noted in the Company's news release dated November 11, 2021. Apart from the additional bonus/milestone payments based on exploration success, the Company will retain a 1% NSR.

"We are pleased to achieve another milestone at our Aguila Norte Plant. Going forward, we will focus on increasing the profit margins per tonne of mineral processed. We are also pleased to complete the sale of the Panteria Cu-Au project. The Company will continue to acquire mineral projects through either applications, purchase, or partnerships with small miners," commented Jeffrey Reeder, C.E.O. of the Company.

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

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

ON BEHALF OF PERUVIAN METALS CORP.

(Signed) Jeffrey Reeder

For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com

Evan Eadie, Corporate Development
Tel: (647)-370-5268
E-mail: evan@peruvianmetalsir.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.

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

SOURCE: Peruvian Metals Corp.

PPX Mining Announces Updated Resource for Callanquitas Gold-Silver Deposit and Geological Potential of Igor Project

https://www.accesswire.com/822826/ppx-mining-announces-updated-resource-for-callanquitas-gold-silver-deposit-and-geological-potential-of-igor-project

Monday, 08 January 2024 12:00

TORONTO, ON / ACCESSWIRE / January 8, 2024 / PPX Mining Corp. (the "Company" or "PPX")(TSX.V:PPX.V)(BVL:PPX)

Kuya Silver Commences Underground Development at the Bethania Silver Mine in Preparation for 2024 Production

January 08, 2024 8:00 AM EST | Source: Kuya Silver Corporation

https://www.newsfilecorp.com/release/193477

Toronto, Ontario--(Newsfile Corp. - January 8, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce that it has begun development of the past-producing Bethania silver mine project in Peru, in preparation to commence production later this year. Kuya Silver is pleased to provide this update on current activities and plans to provide further details in the coming months.

Commencing Underground Development

Kuya Silver's Peruvian subsidiary, Minera Toro de Plata ("MTP") has commenced an underground development and reconditioning program as an initial step to resume operations at the Bethania silver mine. Initially the program will involve inspecting, reinforcing, updating and improving underground support in several areas required to access future production areas and other critical path underground infrastructure. The sequence of underground development is expected to follow the plan disclosed in Kuya Silver's Preliminary Economic Assessment report dated October 20, 2023, additional details regarding the development program were provided in Kuya Silver's news release dated October 10, 2023.

Christian Aramayo, Kuya Silver's Chief Operating Officer noted: "After making significant progress in the second half of 2023, we are very excited to be launching our mine development program. We see this as an important step, not only to achieve first silver production later this year, but for the longer-term growth of the Bethania district."


Figure 1: Plan map of the 640 mine level illustrating the status of the existing underground infrastructure which will be a focus for the initial planned reconditioning and development work.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5945/193477_bef4bacf54156889_001full.jpg

Annual Mine Plan Includes Scope for Underground Drilling

Prior to the end of 2023, MTP completed a mining plan for 2024 and submitted the required documentation to the General Mining Directorate. The plan establishes that mining operations will commence with the reconditioning of existing underground mine workings, and progressively increasing the mining production rate over the year. Although the mine is currently permitted to produce up to 350 tonnes per day, the Company expects the ramp-up period to extend into next year. The mining plan was designed to include underground exploration drilling in the Santa Elena mining concession. MTP also submitted documentation for its annual occupational safety and health program for the 2024 period to OSINERGMIN (the Peruvian regulatory body for the energy and mining sectors).

Kuya Silver Augments Peruvian Team

MTP is pleased to announce the appointment of Juan Espinosa as General Manager for MTP and Finance Manager for Peru. Juan has been awarded a Bachelors degree in economics from Universidad de Lima and a Master of Business Administration from the Maastricht School of Management (Netherlands). Juan's career has included extensive involvement in the mining industry including other international publicly traded companies with operations in Peru. In addition, Kuya Silver is pleased to promote Alejandra Guillen to Senior Analyst, Procurement and Logistics. Alejandra is an industrial and systems engineer with experience in operations and logistics has been working with Kuya Silver in Peru since December 2021, and will play a key role in the restart of operations.

About Kuya Silver Corporation

Kuya Silver is a Canadian-based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.

For more information, please contact:

David Stein, President and Chief Executive Officer
Telephone: (604) 398-4493
info@kuyasilver.com
www.kuyasilver.com

Reader Advisory

This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Kuya Silver Corporation

DLP Resources Intersects 451.2m of 1.04% CuEq* Within a 773.2m Interval of 0.82% CuEq* on the Aurora Project in Southern Peru and Appoints New Chief Financial Officer

https://www.newsfilecorp.com/release/193171

January 04, 2024 6:00 AM EST | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - January 4, 2024) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF

Condor Completes Option and Joint Venture Agreement on its Cobreorco Copper-Gold Project

https://www.accesswire.com/821161/condor-completes-option-and-joint-venture-agreement-on-its-cobreorco-copper-gold-project

Tuesday, 02 January 2024 06:00

VANCOUVER, BC / ACCESSWIRE / January 2, 2024 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to advise that Condor, and its Peruvian subsidiary, have entered into an option and joint venture agreement on its wholly owned Cobreorco copper-gold project located in the Apurimac Department, Peru with Teck Perú S.A. ("Teck"), a subsidiary of Teck Resources Limited.

Under the terms of the agreement, Teck has a first option to earn a 55% interest in the Cobreorco project over three years by completing US$4 million in exploration expenditures and making cash payments totalling US$500,000. An initial cash payment of US$80,000 was made on signing the agreement. The start of the three-year term commences once the permits and approvals required to commence a drill program are in place.

On exercise of the first option, the parties intend to form a dedicated holding company which will own the Cobreorco concessions, and thereafter Teck has a second option to increase its interest in the Cobreorco project to 75% over the next three years by completion of a further US$6 million in exploration expenditures and additional cash payments of US$600,000.

"Condor is pleased to welcome Teck and their technical expertise to advance the exploration of our Cobreorco project towards a new discovery of critical and precious minerals," commented Condor VP of Exploration, Ever Marquez.

In June 2023, Condor Exploration Peru S.A.C. applied to the Peruvian Ministry of Energy and Mines for the primary environmental permit required to initiate a drill program at Cobreorco. The Declaración de Impacto Ambiental, ("DIA"), seeks approval for up to forty drill platforms on a 4 sq km area of the project.

The 50 sq km Cobreorco porphyry-skarn project in south central Peru was acquired by staking, is royalty free, and 100% owned by Condor. Numerous porphyry and skarn related copper-gold occurrences are exposed in outcrop, and geophysical surveys completed by Condor support the potential for discovery of copper and gold porphyry and skarn-related deposits within the main two square kilometre area of interest.

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and exploration activities are managed by the Company's Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contact the Company at 1-866-642-5707, or by email at info@condorresources.com

Forward-Looking Statements

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

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

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

SOURCE: Condor Resources Inc.

Condor Completes Drill Program at the Pucamayo East Project, Peru

https://www.accesswire.com/819316/condor-completes-drill-program-at-the-pucamayo-east-project-peru

Thursday, 21 December 2023 16:00

VANCOUVER, BC / ACCESSWIRE / December 21, 2023 / Condor Resources Inc. - ("Condor" or the "Company") (TSXV:CN) is pleased to announce that it concluded the diamond drill program at its Pucamayo East project located in the Ica Department, Peru, on December 20th.

The drill program consisted of 2,353m in nine drillholes, and was completed in compliance with all environmental requirements. Remediation of the drill platforms is currently underway.

Sample preparation and delivery for analysis was active during the drill program, and the final sample shipment is expected to be delivered to the lab this week. Results of the first four drillholes have been received and are currently being compiled and evaluated, with results for the final five drillholes not expected until January. Once all results are received, the results will be summarized and released at that time.

Six of the drillholes tested the extent of the high sulphidation type epithermal gold and silver mineralized outcropping ledges of breccia and silicification associated with large areas of high-sulphidation type alteration assemblages including extensive vuggy silica. Three of the drillholes tested an outcropping area of multi phase stockwork and alteration interpreted to be a porphyry system associated with anomalous gold and copper.

Condor is an active explorer focused exclusively on Peru, supplemented by a project generator and royalty model designed to generate exploration capital whilst minimizing shareholder dilution. Our objective in advancing our portfolio of projects is the discovery of a major new precious metals or base metals deposit in Peru. Project acquisition and exploration activities are managed by the Company's Lima based exploration team.

ON BEHALF OF THE BOARD

Lyle Davis,
President & Chief Executive Officer

For further information please contactthe Company at 1-866-642-5707, or by email at info@condorresources.com

Forward-Looking Statements

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

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

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

SOURCE: Condor Resources Inc.

Gold production in Peru up 10% in October – report

https://www.kitco.com/news/article/2023-12-14/gold-production-peru-10-october-report

By Vladimir Basov

Published:
Dec 14, 2023 - 12:22 PM

Updated:
Dec 22, 2023 - 12:31 PM

(Kitco News) – According to the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world’s tenth largest gold producing country, was 9,655 kg (310 koz) in October 2023, up 10% compared to 8,777 kg (282 koz) mined in October 2022.

MINEM said that this positive performance was primarily due to increased production recorded by Boroo Chilca (+142.2%), Minera Yanacocha (+43.2%) and Minera Veta Dorada (+20.2%).

At the company level, Minera Yanacocha (owned by Newmont) sits first accounting for 9.0% of total gold production in Peru, followed by Compañía Minera Poderosa (8.4%) and Consorcio Minero Horizonte (6.4%).

At the regional level, La Libertad kept the first position accounting for 33.0% of Peru’s total gold production, followed by Arequipa (22.0%) and Cajamarca (20.0%).

The ministry also reported that gold production in Peru amounted to 80,972 kg (2.6 million ounces) in January-October 2023, up 1.3% compared to January-October 2022 (79,908 kg or 2.57 million ounces).

This increase was due to higher levels of production reported by Boroo Chilca (+38.0%), Minera Veta Dorada (+15.8%), Minera Yanacocha (+14.9%) and Consorcio Minero Horizonte (+8.6%).

Element 79 Gold Reports Progress on Lucero Property Work and Community Engagement

https://thenewswire.com/press-releases/1AlpFG90K-element-79-gold-reports-progress-on-lucero-property-work-and-community-engagement.html

VANCOUVER, BC - TheNewswire - December 22, 2023 – Element 79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element 79 Gold", the "Company") is pleased to provide a progress update on the ongoing underground work on the Apacheta and Pillune areas of its flagship Lucero property.

Underground Mapping and Sampling

Recent work has focused on mapping and surface and underground sampling at the Apacheta area. The following progress has been made:

Underground Mapping: 4 addits, 2,505 linear meters (358m/day).
Sampling: 200 samples collected (28 samples per day), including 26 QA/QC samples.


Click Image To View Full Size

Image 1 – Updated map outlining mapping and channel sampling progress at the Lucero project. December 2023.

Further field work is underway at the Lucero site and is expected to complete on or around December 30th , with the total 2023 work program re-generating unavailable historical mapping and data sets, including a significant volume of channel samples along the addits and veins where past production, and current artisanal production is coming from. This data will help the Company develop geological models and both underground and surface-level drilling targets, which the Company intends to form a drilling campaign around in mid-2024.


Click Image To View Full Size

Image 2 – Channel samples from the Apacheta vein. December 2023.

Social Affairs

The local Chachas community continues to provide invaluable support to our geological team, ensuring seamless mapping and sampling activities. Following on the Company's commitments as outlined in its news release of October 6, 2023 it has coordinated the manufacturing of the second batch of HDPE pipes as part of our proactive approach to support the community's infrastructure needs; the delivery of the second part of the piping donation for the Ticlla irrigation program will be complete by December 22, 2023.

In addition to completing upon its previous social commitments, the field team engages in daily dialogues with local artisanal miners from the upper parts of the mines to strengthen social relations and heighten awareness, facilitating continued entry into the other galleries of the Apacheta region of the project.

In the spirit of community collaboration, a special chocolatada, a heartwarming seasonal chocolate drink, was shared with artisan miners in the Lomas Doradas camps on December 21 and will be shared with the workers and some of the community in Chachas on the night of the 24th.


Click Image To View Full Size

Image 3 – Element79 Gold Corp community relations manager, Jorge Vasquez, with the local artisanal miners enjoying a seasonal chocolatada together at the Lomas Doradas camp at the Lucero project. December 21, 2023.

James Tworek, President and CEO of Element 79 Gold, added, "This really is two interdependent projects running simultaneously: A geological and mine re-start project along with a Social project. The engagement with the local community reflects our broader commitment to responsible and sustainable mining practices. Collaborating with the local artisanal miners, coordinating efforts, and fostering open dialogues with community stakeholders are integral parts of our approach. While we believe in maximizing the economic value of our assets, we also believe in building positive, enduring relationships with the communities where we operate. Looking ahead, we remain steadfast in our pursuit to build shareholder value. The year-end marks not only a culmination of efforts but a stepping stone towards a promising future for Element 79 Gold and the Lucero project."



About Element79 Gold Corp.

Element79 Gold is a mining company focused on gold and silver committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold's focus is on developing its past-producing, high-grade gold and silver mine, the Lucero project located in Arequipa, Peru, with the intent to restart production in the near term.

The Company also holds a portfolio of 5 properties along the Battle Mountain trend in Nevada, with the Clover and West Whistler projects believed to have significant potential for near-term resource development. Three properties in the Battle Mountain Portfolio are under contract for sale to Valdo Minerals Ltd., with an anticipated closing date around the end of 2023. The Company has also signed an Option Agreement to sell the Maverick Springs project, an advanced-stage exploratory property with an Inferred Resource of 3.71MMoz AuEq (1.37MMoz Au and 175MMoz Ag) and anticipates completing this sale on or before March 28, 2024.

In British Columbia, Element79 Gold has executed a Letter of Intent and funded a drilling program to acquire a private company that holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James.

The Company has an option to acquire a 100% interest in the Dale Property, 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, and has recently announced that it has transferred this project to its wholly-owned subsidiary, Synergy Metals Corp, and is advancing through the Plan of Arrangement spin-out process through the rest of 2023.

For more information about the Company, please visit www.element79.gold

Contact Information

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

E-mail: jt@element79gold.com

For investor relations inquiries, please contact:

Investor Relations Department

Phone: +1.403.850.8050

E-mail: investors@element79.gold

Cautionary Note Regarding Forward Looking Statements

This press contains "forward-looking information" and "forward-looking statements" under applicable securities laws (collectively, "forward-looking statements"). These statements relate to future events or the Company's future performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management made in light of management's experience and perception of historical trends, current conditions and expected future developments. Forward-looking statements include, but are not limited to, statements with respect to: the Company's business strategy; future planning processes; exploration activities; the timing and result of exploration activities; capital projects and exploration activities and the possible results thereof; acquisition opportunities; and the impact of acquisitions, if any, on the Company. Assumptions may prove to be incorrect and actual results may differ materially from those anticipated. Consequently, forward-looking statements cannot be guaranteed. As such, investors are cautioned not to place undue reliance upon forward-looking statements as there can be no assurance that the plans, assumptions or expectations upon which they are placed will occur. All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "forecast", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements".

Actual results may vary from forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to materially differ from those expressed or implied by such forward-looking statements, including but not limited to: the duration and effects of the coronavirus and COVID-19; risks related to the integration of acquisitions; actual results of exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; commodity prices; variations in ore reserves, grade or recovery rates; actual performance of plant, equipment or processes relative to specifications and expectations; accidents; labour relations; relations with local communities; changes in national or local governments; changes in applicable legislation or application thereof; delays in obtaining approvals or financing or in the completion of development or construction activities; exchange rate fluctuations; requirements for additional capital; government regulation; environmental risks; reclamation expenses; outcomes of pending litigation; limitations on insurance coverage as well as those factors discussed in the Company's other public disclosure documents, available on www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company believes that the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. These statements speak only as of the date hereof. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inca One Reports November Sales of US$4.6 Million

https://www.newsfilecorp.com/release/191928

December 21, 2023 5:30 AM EST | Source: Inca One Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - INCA ONE GOLD CORP. (TSXV: INCA) (OTCQB: INCAF) (FSE: SU92)