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New Gold suffers fatal accident this morning
24 July 2024
Staff
New Gold has announced a fatal accident in its open pit this morning.
“New Gold Inc. deeply regrets that early this morning, July 24, 2024, an employee operating a piece of equipment in the open pit was fatally injured at the Rainy River Mine in northwestern Ontario,” stated a release issued by the company.
“The health, safety and wellbeing of our employees is our top priority. The Company is working closely with local authorities and an investigation is underway. Operations have been voluntarily suspended. The thoughts of management are with the family, friends and colleagues who have been impacted by this tragic incident,” said the release.
New Gold added that the company will provide additional information as appropriate.
Giant Mining Corp Welcomes Renowned Geologist Leo Hathaway to Advisory Board
VANCOUVER, BC — July 25, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the appointment of Leo Hathaway to its trusted advisors (the “Advisory Board”). Mr. Hathaway brings a remarkable track record, wealth of knowledge and extensive experience in the exploration and mining sector.
Giant Mining Corp. looks forward to leveraging Mr. Hathaway’s expertise to drive exploration success and deliver value to its shareholders. His appointment marks a significant step in strengthening the company's technical advisory capabilities.
David Greenway, CEO of Giant Mining Corp., expressed his enthusiasm for Mr. Hathaway's appointment: "We are thrilled to welcome Leo to our Advisory Board. His extensive experience and proven track record in geological exploration and project development are invaluable assets to our team. Leo’s expertise and deep understanding of the exploration and mining industry will significantly contribute to advancing our exploration programs and achieving our strategic goals. We look forward to leveraging his insights as we continue to drive our projects forward."
Leo Hathaway shared his thoughts on joining the Advisory Board: "Majuba Hill represents a near surface leachable copper target and a number of additional, exciting primary copper targets laterally and to depth. In addition, it is located close to infrastructure in probably the most favourable mining jurisdiction in the world. I am eager to contribute whatever I can to Giant Mining Corp's initiatives to help explore, advance and unlock the full potential of Majuba Hill, and I am thrilled to have the opportunity to work with the Company’s dedicated team.”
About Leo Hathaway
Mr. Hathaway is a distinguished geologist with extensive experience in the exploration and mining sector, spanning from grassroots exploration to feasibility and development stage projects. He currently serves as Senior Vice President of Lumina Gold Corp and, since 2004, he has held senior positions such as the former Chief Geological Officer for Lumina Copper Corp and VP Exploration for Northern Peru Copper Corp, Regalito Copper Corp, Global Copper Corp, and Lumina Resources Corp. Additionally, he was a former partner in Lumina Capital LP. Prior to 2004, Mr. Hathaway worked with Inmet Mining in Europe, Australia, Central, and South America. Mr. Hathaway's earned a B.Sc. (Hons) degree in Applied Geology from the University of Plymouth, an M.Sc. in Mineral Exploration from the University of London, and he obtained his P.Geo. in 2004.
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its 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.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/6a6852c9999f/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572877?e=1145db4d14
The City of Chapais and QC Copper & Gold Establish a Framework for Collaboration on Opémiska
Chapais, Quebec – July 24, 2024 – The City of Chapais and the metal exploration company QC Copper & Gold have implemented an official working group to ensure the exploration and development of the Opémiska project within the city limits of Chapais are conducted according to the highest industry standards. The working group, City/Mine Group (CMG) is a forum for constructive dialogue to ensure that the Opémiska project is explored and developed according to the values and expectations of Chapais citizens while maximizing economic benefits.
What is the City/Mine Group?
The CMG allows representatives from QC Copper & Gold and the Chapais leadership team to discuss issues transparently and on an equal footing. Each meeting is facilitated by the advisory company Transfert Environnement et Société, which then produces a report and sets a schedule for each party's commitments to ensure that the meetings yield results.
"We are grateful to the City of Chapais for its initiative and invitation to explore and develop the Opémiska project. Our collaboration with the City of Chapais is essential, and we are committed to maintaining this partnership. We aim for a harmonious approach that benefits both the Opémiska project and the local community. With these objectives in mind, we are committed to presenting a respectful and socially responsible project, considering the proximity to Chapais," said Guy Le Bel, President of QC Copper & Gold.
Conditions for Project Support
Regarding Chapais's interest in mining development, Chapais is clear about its conditions: "We are open to welcoming projects on our territory, but our expectations are high. Thus far, everything suggests that the project proposed by QC Copper & Gold will continue to respect municipal values such as harmony, nature protection, and citizens' well-being. This is our top priority," commented the Mayor of Chapais, Mr. Jacques Fortin.
Commitment to the Local Economy
The City of Chapais also welcomes QC Copper & Gold's commitment to the regional economy through its local procurement policy, a key element in strengthening Chapais's economy. The President of QC Copper & Gold adds: "We are committed to being an active and responsible partner in the development and prosperity of Chapais. Our local procurement policy is designed to encourage job creation and ensure long-term economic growth for the community." The Opémiska mining project is in preparation for its preliminary economic study with further information on Opémiska available on QC Copper & Gold's website.
To consult the work of the CMG, visit the Chapais' website under the "Affaires et économie" section.
About the City of Chapais
Chapais is a city in Northern Quebec, in the James Bay territory, rich in mining history and focused on responsible and sustainable economic development. Nestled in the heart of the boreal forest and bordered by majestic lakes and wild rivers, the Chapais community offers young families of all backgrounds an unparalleled living environment and experience. An open, welcoming, tolerant society that loves life in the great outdoors, Chapais will entirely satisfy any enthusiast of a healthy, safe, and exciting life: hiking, wildlife and flora observation, family bike excursions, sport fishing and hunting, snowmobiling and ATV rides, river kayaking, snowshoeing and cross-country skiing, climbing, community gardens, and picking wild berries and mushrooms.
About QC Copper & Gold
QC Copper is dedicated to advancing its Opémiska copper mining complex, a former producer in the Chapais region of Quebec. The company recently published an updated resource estimate, reporting a robust inventory of Mineral Resource in Measured and Indicated Mineral Resources of 2.1 billion lbs of copper equivalent contained in 97.5 million tonnes and Inferred Mineral Resources of 157 million lbs of copper equivalent contained in 11.0 million tonnes.
QP Statement
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects."
Media Contacts :
Mr. Jacques Fortin, Mayor of Chapais :
Phone : 418 745-2511, extension 30227
Email : jfortin@villedechapais.com
Guy Le Bel, President of QC Copper & Gold :
Phone : 514 654-8550
Email : glebel@oregroup.ca
VIZSLA SILVER DELIVERS EXCEPTIONAL ECONOMICS FOR PANUCO IN PRELIMINARY ECONOMIC ASSESSMENT
After-Tax NPV (5%) of US$1,137 million, After-Tax IRR of 85.7%, Initial Capex of US$224 million, Average Annual Production of 15.2 million oz AgEq at AISC of US$9.40 per oz AgEq
Vancouver, British Columbia (July 24, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”) is pleased to announce the results from the independent preliminary economic assessment (“PEA”) on its 100%-owned flagship Panuco silver-gold project ("Panuco" or the “Panuco Project”) located in Mexico.
The PEA, completed by Ausenco Engineering Canada ULC (“Ausenco”), supported by Entech Mining Ltd. (“Entech”) and SGS Canada Inc. (“SGS”), provides a robust base case assessment for developing Panuco as a long-life, high-margin underground precious metals mine with low initial capital requirements and a fast timeline to production.
“An estimated after-tax NPV (5%) of more than US$1.1 billion, an after-tax IRR of 85.7% and a payback period of approximately nine months, helps solidify Panuco as a world class development project in the precious metals space,” commented Michael Konnert, President and CEO. “The PEA, based on conservative metals prices of US$26/oz silver and US$1,975/oz gold, outlines a high-margin, underground silver primary mine with substantial silver-gold production of 162.1 million silver-equivalent ounces over an initial 11-year mine life.
Annually, the mine is projected to produce an average of 15.2 million silver-equivalent ounces, providing exceptional free cash flow, particularly in the early years, allowing for a very rapid payback of the estimated low initial Capex of US$224 million. It’s important to note, that this PEA represents only a snapshot of the potential value of Panuco, as we have only explored less than 30% of the known targets in the district.
Furthermore, ongoing drilling with two drill rigs continues to expand and convert high-grade veins in and around the proposed mine plan, enhancing the potential for improved economics in a feasibility study planned for the second half of 2025. Panuco benefits from excellent access to existing infrastructure, significant exploration upside potential to discover new mineralized centers and potentially new standalone projects hosting similar economics to that outlined in today’s study. As such, it’s becoming increasingly clear that Panuco will be a meaningful contributor to the silver industry for decades to come. I would like to thank everyone at Vizsla Silver, our stakeholders and community members for all the hard work over the years to reach this monumental milestone.”
The Company cautions that the results of the PEA are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have economic consideration applied to them to be classified as mineral reserves. There is no certainty that the results of the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
PEA Webcast
Vizsla Silver will be hosting a webcast to discuss the PEA at 10:00 am PT (1:00 pm ET) on Thursday, July 25, 2024. To register, please click here.
CONTINUED:
https://mailchi.mp/c2eb3344f25d/9q3gdbv5bm-5722052?e=0ca03548e2
Weekly Chart
Sometimes, you never know the potential of a stock in the beginning, but things only get better as time goes on.
Platform overview
Palantir AIP powers real-time, AI-driven decision-making in the most critical commercial and government contexts around the world. From public health ↗ to battery production ↗, organizations depend on Palantir to safely, securely, and effectively leverage AI in their enterprises — and drive operational results ↗.
In short, Palantir AIP connects generative AI to operations. Together with Foundry - Palantir's data operations platform - and Apollo - Palantir's mission control for autonomous software deployment, AIP is part of an AI Mesh that can deliver the full gamut of AI-driven products, from LLM-powered web applications to mobile applications using vision-language models to edge applications that embed localized AI. We call this entire set of capabilities, functionality, and tooling the Palantir platform.
https://www.palantir.com/docs/foundry/platform-overview/overview/
Railtown AI Technologies Inc. Announces Partnership with the Alberta Machine Learning Institute (Amii) to Accelerate Railtown's Advanced AI Initiatives
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that it has entered into a co-development agreement with The Alberta Machine Learning Institute (Amii). Under the terms of the agreement, Railtown and Amii will partner together on a specific project and build that is related to Railtown's core AI Conductor Technology.
Under the terms of the agreement Amii will provide Railtown with additional machine learning engineers and PHD's to co-develop a specific build designed and managed by Railtown. As part of the agreement all co-developed IP will be owned by Railtown.
"Partnering with both Amii (Alberta Machine Intelligence Institute) and Mila (Quebec Artificial Intelligence Institute) marks a significant milestone in our commitment to AI-driven innovation. Both institutes form part of the backbone of Canada's strategy to continue to be a global leader in AI research and innovation thanks to pioneers in the field such as Richard Sutton (Amii) and Yoshua Bengio (Mila). By collaborating with Amii, we gain access to their unparalleled expertise in reinforcement learning and natural language processing. Simultaneously, our partnership with Mila allows us to tap into their groundbreaking work in deep learning and generative models, driving the development of new product features. These collaborations provide Railtown with a comprehensive and multifaceted approach to AI research and development, enhancing our ability to innovate and continue to attract top AI talent in such a competitive field," states Railtown co-founder and AI Lead Dr. Elliot Holtham.
Cory Brandolini, Railtown CEO, comments, "As a Canadian AI technology company, we are thrilled to be able to partner with two of Canada's most respected AI institutes - Amii - The Alberta Machine Intelligence Institute, and the previously announced Mila - Quebec AI Institute - on specific Railtown projects that are related to research and machine learning initiatives. Canada has some of the best AI talent anywhere in the world; Railtown has built its own talented team of AI engineers, and our partnerships with Amii and Mila will significantly accelerate and enhance the development of our Conductor AI Technologies."
About Amii
The Alberta Machine Intelligence Institute (Amii) is one of Canada's three centers of AI excellence as part of the Pan-Canadian AI Strategy. Based in Alberta, Amii supports world-leading research in artificial intelligence and machine learning and translates scientific advancement into industry adoption.
ABOUT RAILTOWN AI TECHNOLOGIES
Railtown AI, a Microsoft Partner, is a cloud-based Application General Intelligence™ Platform for Software Developers and Teams that practice Agile Project Management. We purposely built our Application General Intelligence™ Platform to help Software Developers and Agile practitioners save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.
ON BEHALF OF THE BOARD
"Cory Brandolini"
Cory Brandolini, Chief Executive Officer
INVESTOR CONTACT
Rebecca Kerswell
Investor Relations
Email: investors@railtown.ai
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
Weekly Chart
Giant Mining Commences Diamond Core Drilling at the Majuba Hill Copper Deposit
VANCOUVER, BC — July 23, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce that it has commenced diamond core drilling (the “Core Program”) with hole MHB-30 at the Majuba Hill Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Core Hole MHB-30: Rig on Site
Giant Mining plans to drill a minimum of 1,600 feet (488 meters) of diamond core drilling within the existing exploration target area (See Figure 1). Drilling will focus on the drill targets designed to expand the mineral potential at Majuba Hill, ensuring a comprehensive understanding of the deposit. The Core Program will provide detailed and accurate data that is crucial for delineating the extent and continuity of the copper, silver, and gold mineralization.
David Greenway, CEO of Giant Mining Corp., commented: “We are excited to commence the core drilling program at Majuba Hill. This phase of drilling is pivotal for expanding our understanding of the deposit and enhancing the resource potential. We believe the drill data collected will be instrumental in advancing the project and driving value for our shareholders.”
As previously stated, this investment in drilling is essential for refining the geological model of Majuba Hill, significantly enhancing Giant Mining’s resource evaluation efforts. The drilling program is designed to gather comprehensive and high-quality data that will provide a more detailed understanding of the deposit's size, structure, and mineralization patterns. By gaining this critical information from the new drilling, the Company will be able to update its resource estimates with greater precision, thereby reducing geological uncertainties and enhancing confidence in the project's potential.
Figure 1: Giant Mining recent holes in red and planned drilling green (RC) and blue (Core)
Richard H. Sillitoe - Project Review
Giant Mining Corp. is also pleased to announce that Richard H. Sillitoe spent four days in Nevada and on-site at the Majuba Hill Project reviewing core, underground geology, and surface geology. The Company was pleased he saw the potential for the oxide copper deposit at Majuba Hill. Having a geologist with Richard H. Sillitoe’s worldwide experience and knowledge is remarkably helpful with the exploration. The Company’s Technical Team is looking forward to incorporating the significant observations that he provided into the ongoing exploration program.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its 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.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Giant Mining Corp. 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 may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Giant Mining Corp. management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
https://mailchi.mp/8a577124b256/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572866?e=1145db4d14
Atico Produces 3.73 Million Pounds of Cu and 2,874 Ounces of Au in Second Quarter 2024
Vancouver, July 18, 2024 -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) announces its operating results for the three months ended June 30, 2024 from its El Roble mine. Production for the quarter totaled 3.73 million pounds of copper and 2,874 ounces of gold in concentrates, an increase of 33% for copper and 25% for gold, respectively, over the same period in 2023.
“The El Roble mine continued to operate within set expectations for this quarter as we saw improvements in most metrics over the previous quarter and especially over the same period last year” said Fernando E. Ganoza, CEO. “In the second half of the year, we are anticipating a continuation of good production results as we gain further access to the newly discovered areas of high-grade ore. In parallel, we will continue looking for opportunities to improve metal output to take advantage of the higher metal price environment, as well as the continuation of the near mine exploration program aimed at replenishing resources and extending the life of mine.”
Second Quarter Operational Highlights
Production of 3.73 million pounds of copper contained in concentrates; an increase of 33% over Q2 2023.
Production of 2,874 ounces of gold contained in concentrates; an increase of 25% over Q2 2023.
Average processed tonnes per day of 852, an increase of 7% over Q2 2023.
Copper head grade of 2.59%, an increase of 27% over Q2 2023.
Gold head grade of 1.94 grams per tonne; an increase of 9% over Q2 2023.
Copper and gold recovery of 92% and 65%; an increase of 1% for copper and 11% for gold, respectively, over Q2 2023.
Second Quarter Concentrate Shipment
The Company had scheduled one large concentrate shipment of around 9,100 dry metric tonnes for this period. Due to poor weather conditions and shipping delays, the vessel had arrived considerably later than scheduled and as a result approximately 60% of the planned tonnes of concentrate were loaded by the June 30th cutoff date. The remaining 40% of the planned second quarter shipment was loaded on the following two days. In accordance with our accounting policies, the revenue derived from tonnes loaded after June 30th will be recognized in the subsequent quarter along with the expected revenue from the shipment planned for the third quarter.
Therefore, the second quarter financials will be impacted by lower recognized revenues from this concentrate shipment which will then be offset by higher recognized revenue for the third quarter.
Second Quarter Operational Details
Q2 2024 Total Q2 2023 Total % Change
Production (Contained in Concentrates)
Copper (000s pounds) 3,728 2,804 33%
Gold (ounces) 2,874 2,294 25%
Mine
Tonnes of ore mined 70,826 72,340 -2%
Mill
Tonnes processed 71,079 68,471 4%
Tonnes processed per day 852 800 7%
Copper grade (%) 2.59 2.04 27%
Gold grade (g/t) 1.94 1.78 9%
Recoveries
Copper (%) 92.0 91.1 1%
Gold (%) 65.2 58.7 11%
Concentrates
Copper and Gold Concentrates (dmt) 9,200 6,784 36%
Payable copper produced (000s lbs) 3,505 2,639 44%
Note: Metal production figures are subject to adjustments based on final settlement. The reported results are preliminary in nature and are awaiting independent lab verification.
Concentrate Inventory
The number of shipments the Company can export in any given quarter depends on several variables some of which the Company does not control, hence there may be an inherent variability in tonnes shipped quarter to quarter.
Q2 2024 Total
Amounts in dry metric tonnes
Opening inventory 7,002
Production 9,200
Sales (5,603)
Adjustments 28
Number of shipments 1
Closing inventory 10,627
Note: Concentrate figures are subject to adjustments based on final settlement.
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.
Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
El Roble’s reserves estimate, with an effective date of March 12, 2024, includes Proven and Probable mineral reserves of 828 thousand tonnes averaging 2.49% Cu, 2.20 g/t Au and a life of mine until Q1-2027. A full NI 43-101 technical report is available on SEDAR+. For more information on the reserves estimate refer to SEDAR+ and on the Company’s website.
Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit. On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.
Qualified Person
Mr. Thomas Kelly (SME Registered Member 1696580), advisor to the Company and a qualified person under National Instrument 43-101 standards, is responsible for ensuring that the technical information contained in this news release is an accurate summary of the original reports and data provided to or developed by Atico.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
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.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.com
Atico Mining Corp.
Suite # 501
543 Granville St.
Vancouver, BC
V6C 1X8
Tel: +1.604-633-9022
Weekly Chart
Baselode Discovers New Zone of Radioactivity Six Kilometres Northeast of ACKIO
Intersected over 30 metres of continuous radioactivity within a massive hydrothermal alteration system
New zone discovered on the second drill hole of Hook’s regional exploration program, 6 km from ACKIO discovery
Demonstrates the fertility of the uranium corridor along Baselode’s Hook Project
Toronto, Ontario – July 17, 2024 – Baselode Energy Corp. (TSXV: FIND, OTCQB: BSENF) (“Baselode” or the “Company”) is pleased to announce the discovery of a new uranium prospect on the Hook project (“Hook”) in the Athabasca Basin area of northern Saskatchewan (Figure 1).
“We’re very excited about this new discovery on Hook, on the second hole of our regional exploration program. HK24-010 intersected over 30 metres of continuous radioactivity at approximately 173 metres vertical depth. This new discovery is hosted within a massive alteration corridor similar in scale to what we have observed at our ACKIO zone 6 km to the southwest. We believe the alteration corridor has mobilized uranium from the host rocks and deposited it within a redox front, similar to what we interpret for HK24-010. We intend to follow-up drilling in this area in the coming weeks after completing exploration drilling in a logistically efficient order on other targets with stronger geophysical anomalisms. Hook’s regional exploration aim was to discover new zones of uranium mineralization and we’re well on our way with this new prospect,” commented James Sykes, CEO, President, and Director of Baselode.
Drill Hole Details
Drill holes HK24-009 and HK24-010 were collared 6 km northeast of ACKIO (see Figure 2). The drill holes targeted a coincident gravity low, magnetic low, and conductive response within the area of an interpreted north-south oriented Tabbernor fault. See Figure 3 for a cross-section interpretation, including a comparison to ACKIO.
HK24-009 intersected 130 m of structurally-controlled massive hydrothermal alteration including alternating hematite and white clay within orthogneiss starting immediately at the top of bedrock. Gamma probe radioactivity averaged 20 counts-per-second (“cps”) within the altered rocks, 34 cps and 69 cps within two different fresh rock types, including a small zone of anomalous radioactivity measuring 177 cps over 4.3 m.
HK24-010 intersected over 230 m of structurally-controlled massive hydrothermal alteration similar to HK24-009 (Figures 4 and 5). Gamma probe radioactivity averaged 23 cps within the altered rocks down to 200.8 m, followed by an average of 275 cps over 33.7 m, including 473 cps over 6.8 m, associated with structurally-controlled hydrothermal hematite and minor redox alteration hosted within the basal 2.5 m of metasedimentary rocks and pegmatite for the remainder (Figure 5). The fresh rocks at the end of the drill hole averaged 60 cps.
Drill hole samples have been sent to Saskatchewan Research Council for uranium and multi-element analysis. Results will be released after being received and reviewed by the Company.
NOTES:
cps = “counts-per-second”, as measured with a down hole 2GHF triple gamma probe. The reader is cautioned that Baselode uses gamma probe readings as a preliminary indication for the presence of radioactive materials (uranium, thorium and/or potassium), and that gamma probe results may not be used directly to quantify or qualify uranium concentrations of the rock samples measured.
The Company considers all 2GHF triple gamma probe readings greater than 100 cps to be considered anomalous radioactivity, with background radioactivity measuring between 20 to 70 cps.
“Continuous anomalous radioactivity” means drill core length with no greater than 2.0 m of consecutive drill hole length measuring less than 100 cps.
All reported drill hole depths and lengths do not represent true thicknesses which have yet to be determined.
FIGURE 1 – Baselode projects location map. ACKIO uranium prospect identified with yellow circle
FIGURE 2 – HK24-009 and HK24-010 drill hole location
FIGURE 3 –HK24-009 and HK24-010 with ACKIO Ln 775N cross-sections for scale of altered structural zone
FIGURE 4 –HK24-010 Alteration and Structure 1
FIGURE 5 –HK24-010 Elevated Radioactivity and Oxidation In Metasediments and Pegmatite
About Baselode Energy Corp.
Baselode controls 100% of approximately 272,804 hectares for exploration in the Athabasca Basin area of northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties.
The Company discovered the ACKIO near-surface, uranium prospect in September 2021. ACKIO measures greater than 375 m along strike, greater than 150 m wide, comprised of at least 9 separate uranium Pods, with mineralization starting as shallow as 28 m and 32 m beneath the surface in Pods 1 and 7, respectively, and down to approximately 300 m depth beneath the surface with the bulk of mineralization occurring in the upper 120 m. ACKIO remains open at depth, and to the north, south and east.
Baselode's Athabasca 2.0 exploration thesis focuses on discovering near-surface, basement-hosted, high-grade uranium orebodies outside the Athabasca Basin. The exploration thesis is further complemented by the Company's preferred use of innovative and well-understood geophysical methods to map deep structural controls to identify shallow targets for diamond drilling.
QP Statement
The technical information contained in this news release has been reviewed and approved by Cameron MacKay, P.Geo., Vice-President, Exploration & Development for Baselode Energy Corp., who is considered to be a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”
For further information, please contact:
James Sykes, CEO, President and Director
Baselode Energy Corp.
jsykes@oregroup.ca
306-221-8717
www.baselode.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in the Company's filings with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
https://mailchi.mp/4f9c719cc414/baselode-discovers-new-zone-of-radioactivity-six-kilometres-northeast-of-ackio?e=96ae2580db
You sign up with Polarition to get their emails. They are doing some interesting work in Plasmonic modulator antennas.
Here is the link to their newsletter:
https://6mdw2.r.a.d.sendibm1.com/mk/mr/sh/1f8JAEjGcfF85pEjUY9vPlUaCR/3CNODiJT_GWk
The latest report, 3/31/2024, shows that 107 institutions hold over 73M shares:
https://www.nasdaq.com/market-activity/stocks/nak/institutional-holdings
The stock price is above the 8 EMA, Steve Bigalow's Buy/Sell line, used by traders. When it gets too far away from the 8 EMA, it will pull back.
Giant Mining Corp New Road Construction Underway at Majuba Hill Porphyry Copper Deposit
VANCOUVER, BC — July 16, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce the successful completion of new road construction at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
This drill road and drill site construction is being done by Legarza Exploration, LLC (“Legarza”), and will provide additional drill locations for our ongoing and future drilling.
Figure 1: Majuba Hill Completed Road Construction
David Greenway, President and CEO of Giant Mining Corp, stated, "The construction of this road marks a significant milestone in our development at Majuba Hill. Improved site access will enable us to expedite our drilling program and further explore the substantial copper resources on the property. Buster and his team are eager to advance our work and capitalize on the promising potential of Majuba Hill."
As previously announced in the May 30, 2024, and June 17, 2024 news releases, the newly constructed road and site improvements will support our comprehensive drilling program at Majuba Hill. The drilling activities include the proposed 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. Additionally, the Company is also contemplating drilling two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Figure 2: Majuba Hill New Roads in Green
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its 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.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Giant Mining Corp. 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 may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Giant Mining Corp. management on the date the statements are made. Except as required by law, Giant Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
https://mailchi.mp/5e7a5fc4d6fb/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572832?e=1145db4d14
Weekly Chart
Canter Resources Engages Cascade for Phase II Drilling at the Columbus Lithium-Boron Project
Vancouver, British Columbia, July 16, 2024 – Canter Resources Corp. (CSE:CRC | OTC:CNRCF | FRA:601) (“Canter” or the “Company”) is pleased to report that the Company has engaged Cascade Drilling LP for Phase II drilling at its Columbus Lithium-Boron Project (“Columbus”, “Columbus Basin”, or the “Project”), located near Tonopah, Nevada. The Phase II program will include approximately 10 holes with an expected start date of August 12, 2024.
“Our Phase II program has been designed to target a third aquifer zone below the limits of Phase I drilling, demonstrate lateral continuity between our Phase I grids and test regional discovery targets to the north,” stated Canter CEO, Joness Lang. “The Phase II program will include select multi-element geochemical analysis, provide samples suitable for preliminary direct extraction considerations, further validate and refine our exploration model and deeper lithium targets, while concurrently assessing the extent and mineral resource potential of the significant near-surface boron mineralization.”
Phase II Geoprobe Drilling Objectives:
Target third Aquifer Zone: Past downhole geophysics highlights the potential for a third shallow aquifer zone between 100-150 feet (“ft”) / 30-45 metres (“m”) and Phase II will employ a Geoprobe drill rig model and tooling with greater depth capabilities.
Demonstrate Lateral Continuity: Phase II drilling will include broadly spaced drill hole locations along pre-existing east-west road networks with the aim of demonstrating potential continuity within the five (5) kilometre (“km”) gap between the previously completed north-south grids.
Test Discovery Potential to the North: The Phase II program includes two proposed wildcat exploration holes located more than 4 km to the north near favourable structure, surface sampling and geothermal input.
Enhance Precision of Deeper Lithium Targeting: Testing a third aquifer zone and completing multi-element geochemical analysis will further support the Company’s 3D geological model, mineralization patterns in brines and mobility/solubility analysis.
Evaluate Shallow Boron Mineral Resource Potential: Phase I delivered excellent boron concentrations in brines from shallow aquifers and Phase II will aim to further delineate, correlate and map the extent of near-surface boron mineralization.
Establish Preliminary Direct Extraction Considerations: The Company is actively engaging with companies that specialize in direct lithium and boron extraction and plans to supply samples suitable for preliminary considerations.
Figure 1: Plan view showing Phase I completed and Phase II planned/proposed locations. A total of 16 permitted Phase II locations are shown and the Company plans to drill approximately 10 of these locations, which will be selected based on real-time observations in the field.
Phase II Program Details
Phase II GeoProbe drilling is set to commence in the second week of August, with brine results expected before the end of Q3/2024. This phase builds significantly on the findings and insights gained from Phase I and collectively the comprehensive geochemical datasets (clays and brines) will provide a more thorough understanding of the subsurface environment within the Company’s district-scale property package at Columbus.
Phase II drilling will continue to utilize the low-impact and cost-effective GeoProbe direct push technology, with modified tooling aimed at allowing the Company to test a third aquifer zone (>100 ft), which has been interpreted based on previous downhole geophysics. The Phase II drilling includes a series of drill hole locations between the previously completed north-south grids from Phase I (see Figure 1), designed to further validate the HSAMT anomaly and geophysical model, while demonstrating lateral continuity of up to three (3) aquifer zones.
The Company is employing a science-driven approach to discovery at Columbus and the results from the multi-phased GeoProbe drilling will provide a foundation for potential near-surface mineral resource definition and the technical analysis (mineralization/migration patterns) will help guide the Company’s deeper drilling to ensure exploration well locations are optimized.
To learn more about the lithium market visit the Company’s Lithium 101 webpage.
To learn more about boron and its more than 300 applications, visit the Company’s Boron 101 webpage.
Quality Assurance / Quality Control (QA/QC)
In a continued commitment to ensuring the highest standards of data accuracy and reliability, the Company has implemented a rigorous quality assurance and quality control (QA/QC) protocol for both groundwater and sediment sampling and analysis. This initiative is designed to enhance the precision and credibility of sampling techniques and assay results.
Upon reaching the target lithology depth during drilling, groundwater sampling is initiated with care to avoid surpassing the designated zone. Utilizing a drive-point screen sampler or mechanical bailer, groundwater is extracted to ensure a clean and uncontaminated collection process. Initial purging is conducted, and a Myron Ultrameter II is used to measure general parameters, such as temperature, pH, total dissolved solids (TDS), specific conductivity, and oxidation-reduction potential (ORP). For wet samples, a minimum 350 mL of groundwater is collected for comprehensive analysis, with all samples handled under strict chain of custody (COC) protocols and stored under optimal conditions until delivery to Western Environmental Testing (WETLAB).
The Company’s QA/QC procedures involve collecting additional samples every tenth sample, including duplicates, umpire, and blank samples, to validate the consistency and accuracy of the data. Laboratory analyses cover general parameters and both total and dissolved metals, adhering to stringent testing methods and holding times. More specifically, the following analysis is carried out at WETLAB: Density and pH: SM 4500-H+B; Temperature: SM 2550 B; Total Dissolved Solids (TDS): SM 2540 C; ICP Metals Total Li, B & K: EPA 200.7; Digestion for Total Metals: EPA 200.2; ICP Metals Dissolved Li, B & K: EPA 200.7; Digestion for Dissolved Metals: EPA 200.0 and Sample Filtration: SM.
Qualified Person (QP)
The technical information contained in this news release was reviewed and approved by Eric Saderholm, P.Geo, Director and Technical Advisor of Canter, a Qualified Person (QP), as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Canter Resources Corp.
Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus Lithium-Boron Project in Nevada, USA and the Beaver Creek Lithium Property in Montana, USA. The Company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment and plans to leverage the Company’s critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the domestic clean energy supply chain in North America.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
jlang@canterresources.com
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
investors@canterresources.com
https://mailchi.mp/b6ed2999cce0/news-release-canter-resources-commences-10-hole-drill-program-at-the-columbus-lithium-boron-project-in-nevada-12696561?e=ac1aa76609
Weekly Chart
You can go to the latest presentation and see the copper equivalent listed and the number of shares outstanding to do a back of the envelope calculation. The number is quite large.
https://northerndynastyminerals.com/site/assets/files/5188/ndm_presentation_june_2024pptx.pdf
Note the bag holders at $15 and the speculators at $.40.
Monthly Chart
Tier One Silver Resumes Exploration Activities on Highly Prospective Cambaya Corridor at Curibaya
Vancouver, Canada – July 15, 2024 – Tier One Silver Inc. (TSXV: TSLV) (OTCQB:TSLVF) (“Tier One” or the “Company”) is pleased to announce that it has resumed exploration activities at its flagship Curibaya project, located in Southern Peru. The exploration program has been planned to cover three main project zones within the Company's high-priority silver-gold corridors that have been underexplored to date: Cambaya I, Cambaya II and the recently identified polymictic breccia in Zone 1 (Figure 1). The program will consist of two to three months of field work, including sampling and geological mapping, with the aim of expanding and defining the potential of the precious metal epithermal corridors and the porphyry target based on existing geochemical and CSAMT geophysical anomalies, to delineate drill targets for the drill program anticipated for later this year.
Peter Dembicki, CEO and Director of Tier One commented, “We are excited to be resuming exploration at our highly underexplored Curibaya property. We have only explored a small fraction of the project and identified six distinct silver-gold mineralized kilometric corridors to date. Our focus for this program, and upcoming drilling, is the Cambaya corridors, which are higher in elevation where there is potential for high grade silver mineralization and scale. We are still very early in our exploration efforts of pursuing a world class discovery in Peru. Evidence gathered to date from surface mineralization and drill holes has strengthened our thesis that both a high-grade precious metals system as well as a porphyry copper system could exist on the large prospective property.”
Cambaya I and Cambaya II Corridors:
The Cambaya structural corridors are located in the northeast area of the project (Figure 1), which is the highest target in topographic elevation (2400m above sea level) and within the epithermal system with highly elevated arsenic values, indicating that the potentialGrearprecious metals horizon is being preserved at shallow depth (see news release date September 26, 2022).
Highlights from previous channel sampling (refer to press releases dated October 14, 2021 and September 26, 2022) in these corridors include:
4.5 metres (m) of 408.2 g/t silver (Ag) and 1.48 g/t gold (Au), including 1 m of 1,768.0 g/t Ag and 6.33 g/t Au, in 22CRT-080;
8 m of 349.1 g/t Ag and 0.46 g/t Au, including 1 m of 2,680.0 g/t Ag and 3.14 g/t Au, in 21CRT-56;
2.5 m of 136.4 g/t Ag and 0.82 g/t Au, including 0.5 m of 568.0 g/t Ag and 3.37 g/t Au, in 22CRT-101;
20 m of 242.7 g/t Ag and 0.71 g/t Au in 21CRT-55;
2 m of 1,074 g/t Ag and 0.53 g/t Au in 21CRT-44;
11 m of 232.1 g/t Ag and 1.6 g/t Au, including 1 m of 1660 g/t Ag and 14 g/t Au, in 21CRT-34;
9 m of 409 g/t Ag and 0.4 g/t Au including 3 m of 949.7 g/t Ag and 0.8 g/t Au in 21CRT-36;
2 m of 1736.5 g/t Ag and 1.6 g/t Au including 1 m of 3170 g/t Ag and 2 g/t Au in 21CRT-52.
The intention for this fieldwork campaign is to extend both corridors and gain a better understanding of the geometry of the ore shoots within each corridor.
Figure 1: Illustrates a geological map of the Curibaya area and the location of the two main corridors, Cambaya I and Cambaya II, and the polymictic breccia.
Zone 1:
The Company will also be following up on the strong stream sediment copper signatures in Zone 1, which is located on the west side of the primary Cambaya I and Cambaya II corridors, where minimum exploration has occurred to date (Figure 2).
Besides having high bulk leach extractable gold (“BLEG”) anomalies in copper and gold, this area returned high grade silver samples up to 1,360 g/t Ag, 42.20 Au and 6.12% Cu related to silicified fragments in a possible polymictic shatter breccia.
Field work in this campaign will be focused on extending the north-south extension of this polymictic breccia and to help better understand its geometry.
Figure 2: Illustrates a general location map of Zone 1 on the Curibaya project and copper BLEG anomalies. See location of the polymictic breccia containing high-grade fragments with values up to 1,360 g/t Ag, 42.20 Au and 6.12% Cu.
The current exploration work will help to further delineate drill targets within the area that has greater widths and higher grades (Figure 3), for a follow up drill program planned, subject to financing, to test the targets identified within the Cambaya corridors.
Figure 3: Illustrates the preliminary drill holes planned for the Company’s next drill campaign. Current field work will further delineate final drill targets.
Christian Rios (SVP of Exploration), P.Geo, is the Qualified Person who has reviewed and assumes responsibility for the technical contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF TIER ONE SILVER INC.
Peter Dembicki President, CEO and Director
For further information on Tier One Silver Inc., please contact the Company at (778) 729-0700 or info@tieronesilver.com.
Capital Markets Contact:
Julia Becker
Julia.becker@tieronesilver.com
About Tier One Silver
Tier One Silver is an exploration company focused on creating value for shareholders and stakeholders through the discovery of world-class silver, gold and copper deposits in Peru. The Company is focused on its flagship exploration project, Curibaya. The Company’s management and technical teams have a strong track record in raising capital, discovery and monetization of exploration success. For more information, visit www.tieronesilver.com.
Forward Looking Information and General Cautionary Language
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events in connection with the Company’s plans to resume exploration at its Curibaya project. Forward-looking statements are not historical facts and therefore may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be heavily relied upon. These statements speak only as of the date of this news release. In particular, and without limitation, this news release contains forward-looking statements in regard to future exploration plans, including drilling. Readers should refer to the risks discussed in the Company's Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2023, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Weekly Chart
Railtown AI Technologies Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that the Company has closed its previously disclosed non-brokered private placement (the “Offering”) of units of the Company (each, a “Unit”) at a price of US$0.21 per Unit for aggregate gross proceeds of US$1,470,000. Each of the 7,000,000 Units consists of one common share in the capital of the Company (each, a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of US$0.42 per Share for a period of 18 months.
All securities issued in connection with the Offering are subject to a standard hold period of four months and one day in Canada plus applicable resale restrictions in the United States.
In connection with the Offering, the Company paid aggregate cash commissions of US$109,162 to eligible arm’s length finders (each, a “Finder”) equal to 8% of the gross proceeds raised from purchasers introduced by such Finders, and issued an aggregate of 519,818 non-transferable common share purchase warrants (each, a “Finder’s Warrant”) to the same Finders, equal to 8% of the number of Units sold to purchasers introduced by such Finders. Each Finder’s Warrant entitles the holder thereof to acquire one Share at an exercise price of US$0.21 per Share for a period of 18 months from the date of issuance.
As described in the Company’s news release dated June 20, 2024, the Company expects to use the net proceeds of the Offering for general working capital purposes.
None of the securities referenced in this news release have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT RAILTOWN AI TECHNOLOGIES
Railtown AI, a Microsoft Partner, is a cloud-based Application General Intelligence™ Platform for Software Developers and Teams that practice Agile Project Management. We purposely built our Application General Intelligence™ Platform to help Software Developers and Agile practitioners save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.
ON BEHALF OF THE BOARD
"Cory Brandolini"
Cory Brandolini, Chief Executive Officer
INVESTOR CONTACT
Rebecca Kerswell
Investor Relations
Email: investors@railtown.ai
Weekly Chart
Nothing like speculators........bag holders😃
Funds Holding NAK
https://www.nasdaq.com/market-activity/stocks/nak/institutional-holdings?page=1&rows_per_page=10
3/31/2024
Northern Dynasty Minerals, Ltd. Common Stock (NAK) Institutional Holdings
NAK Institutional Holdings
Ownership Summary
Institutional Ownership --- 13.60%
Total Shares Outstanding (millions)--- 538
Total Value of Holdings (millions)--- $25
Active Positions Holders Shares
Increased Positions 32--- 23,265,713
Decreased Positions 27--- 3,286,615
Held Positions 45--- 46,570,435
Total Institutional Shares 104--- 73,122,763
Notice that the OBV has started to turn up.
Weekly Chart
Gatos Silver Reports Q2 2024 Production Results With Record Mill Throughput and Zinc Production
Tue, Jul 9, 2024, 4:15 PM EDT
VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced production results for the quarter and six months ended June 30, 2024 at its 70%-owned Cerro Los Gatos (“CLG”) mine in Mexico.
Dale Andres, CEO of Gatos Silver, commented: “In the second quarter of 2024 the CLG mine delivered strong operational results, with record zinc production and the sixth consecutive quarterly record for mill throughput. Silver equivalent production for the quarter was 3.88 million ounces, an increase of 18% from the second quarter of 2023, and we continue to track at the top end of 2024 guidance.”
“Our mine debottlenecking efforts delivered a mill throughput average of 3,240 tonnes per day, up 1% from the first quarter of 2024 and up 11% from the second quarter of 2023, as we advanced towards our medium-term target of sustained throughput rates of 3,500 tonnes per day. We expect to complete an updated life of mine plan in the third quarter of 2024 with a target to further extend the mine life. We also increased exploration drilling efforts during the second quarter on both near mine targets and at the San Luis prospect located five kilometers from the CLG mine.”
https://finance.yahoo.com/news/gatos-silver-reports-q2-2024-201500352.html
Nice move up on the news:
I think it will be two years before it breaks out. It takes a long time to file all the paper work and get it approved.
It bottomed at 20 cents and has been trading as high as 40 cents. This market has been very strong due to AI and may not have a correction until year end.
They plan to have two filtration plants and no millings pond.
Weekly Chart
NEWS RELEASE | JULY 9, 2024 | VANCOUVER BC
PULSAR ANNOUNCES POSITIVE OUTCOME FROM SEISMIC SURVEY AT THE TOPAZ HELIUM PROJECT
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”), the emerging multi project pure play helium development company, is pleased to provide an update on progress at its flagship 100% owned Topaz helium project in Minnesota. This includes positive results from a 2D seismic sweep survey, and an update on additional geophysical surveys from the ongoing exploration program.
• 1.1 km (0.7 mi) long 2D seismic sweep survey shows a seismic reflector identified at the same depth
as gas intersected in Jetstream #1 appraisal well, and additional reflectors observed at depth.
• Further 20.4km (12.7 mi) long 2D seismic line scheduled to commence in July to assist in the
placement of step out wells from Jetstream #1 appraisal well, which flowed North America’s highest
concentration of helium at 14.5%.
• Processed infill high-resolution airborne gravity gradiometry and magnetic data received and ready
for interpretation.
• Sproule International Ltd expected to publish an updated resource calculation in July.
Pulsar President & CEO, Thomas Abraham-James, commented: “We are delighted to receive this 2D seismic data, which demonstrates that the helium-bearing zone encountered in Topaz’s Jetstream #1 appraisal well is identifiable and that additional gas-bearing zones are likely at depth. This new data, alongside existing drilling, passive seismic, and gravity information, sets the stage for our upcoming drilling program where we plan to deepen Jetstream #1 and drill additional step-out wells. This is a busy period for us, as we also anticipate receiving the Topaz resource calculation from Sproule later this month.”
Interpretation of the 2D seismic sweep shows a seismic reflector # at a depth coincident with the helium-bearing zone intersected in Jetstream #1, and additional reflectors with similar characteristics at greater depth. The positive result highlights 2D seismic reflection as an efficient exploration tool and supports the larger 2D seismic survey scheduled for July as well as potential future 3D seismic surveys. The sweep line was 1.1km (0.7 mi) in length, in a N-S orientation, with receivers at 10m (33ft) interval, and located 150m (492ft) west of Jetstream #1.
A 20.4km (12.7 mi) long, east-west orientated 2D seismic line is scheduled to commence later in July. This will provide regional high-resolution data to complement the existing passive seismic and airborne gravity gradiometry (AGG) data. The combination of this data will be used to assist the placement of step out wells from Jetstream #1.
Pulsar has also received processed AGG, magnetic and Lidar data from an infill survey flown in May covering an area of 190km 2 (118mi2 )which is now ready for interpretation. When combined with the AGG data acquired in 2022, the survey has a combined resolution of 150m (492ft) line spacing. AGG is an industry- leading geophysical technique for mapping geological units and structure.
Resource Calculation
All technical data for Topaz has been transferred to Sproule International Ltd, which is expected to publish an updated resource calculation in July.
* In the State of Minnesota, the regulatory term is ‘exploratory boring’. # A seismic reflector is an interface between subsurface layers with contrasting acoustic impedances that reflects a
portion of seismic wave energy back to the surface, allowing geophysicists to image and interpret subsurface structures.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such
forward–looking statements. No assurance can be given that these expectations will prove to be correct and such forward–looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating
costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice.
These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration
and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, a temporary permit may not be issued, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any
forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward–looking statement. Any forward–looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
https://cdn.prod.website-files.com/643e9b04697598ab2651d990/668cf22d84367fb059b38cd6_PLSRNR2024-29_JetstreamSeismic.pdf
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VIZSLA SILVER REPORTS MORE HIGH-GRADE RESULTS AT COPALA AND COPALA 3, DEMONSTRATING STRONG MINERAL CONTINUITY
Vancouver, British Columbia (July 09, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to report results from six new drill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The reported drilling, designed to infill near-surface Indicated Mineral Resources, continues to confirm high-grade continuity throughout Copala including new high-grade intercepts on the Copala 3 hanging-wall vein splay.
Highlights
CS-24-366 returned 2,398 grams per tonne (g/t) silver equivalent (AgEq) over 7.00 metres true width (mTW) (1,898 g/t silver and 9.51 g/t gold)
Including 5,385 g/t AgEq over 0.56 mTW (3,950 g/t silver and 25.40 g/t gold)
And, 4,457 g/t AgEq over 1.29 mTW (3,430 g/t silver and 18.95 g/t gold)
CS-24-359 returned 1,027 g/t AgEq over 7.80 mTW (788 g/t silver and 4.40 g/t gold)
Including 6,343 g/t AgEq over 0.86 mTW (5,010 g/t silver and 25.30 g/t gold)
And, 1,749 g/t AgEq over 0.53 m TW (1,360 g/t silver and 7.26 g/t gold)
CS-24-361 returned 2,023 g/t AgEq over 3.50 mTW (1,617 g/t silver and 7.83 g/t gold)
Including 6,331 g/t AgEq over 0.39 mTW (5,230 g/t silver and 22.30 g/t gold)
CS-24-363 returned 2,193 g/t AgEq over 2.68 mTW (1,831 g/t silver and 7.47 g/t gold)
Including 4,787 g/t AgEq over 0.78 mTW (4,040 g/t silver and 15.75 g/t gold)
“Ongoing infill drilling at Copala, where initial mining will likely take place, continues to demonstrate exceptional mineral continuity,” commented Michael Konnert, President & CEO. “Tight-spaced drilling along Copala Main and its hanging-wall splay structures has now expanded the high-grade footprint closer to surface, potentially reducing the overall development required to access the minerlization. The more we drill on the property, the more confidence we have that Panuco will be a high-margin, low capex project. Moving forward, we will continue our conversion drilling at Copala as we de-risk the Project ahead of the maiden PEA, slated for early Q3 2024.”
Figure 1: Plan map of recent drilling centered on the Copala structure.
The precious metals dominant Copala structure, located in the western portion of the Panuco district, is situated ~800 m to the east of the Napoleon Vein. Copala currently hosts Indicated Resources of 83.3 Moz AgEq at 573 g/t AgEq and Inferred Resources of 48.3 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82 metres thick (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to Vizsla’s press release dated January 8, 2024). Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~65° in the southern sector).
Exploration and Resource drilling at Copala has traced mineralization along ~1,770 metres of strike length and ~400 metres down dip. The infill holes reported herein are part of an ongoing ~10,000 program (~35 holes), planned to convert near surface Indicated Mineral Resources in the central portion of main Copala into the Measured Resource category. The six infill holes reported were drilled at approximately 25 metre centers from pre-existing holes and continue to successfully confirm grade continuity along the main Copala structure. Additionally, some of these holes also intercepted high-grades on Copala 3, which sits between 10-45 metres to the east of Copala main, on the hanging-wall side of the structure. The Copala 3 vein is demonstrating good continuity with many holes having previously intercepted the structure, as shown by the blue pierce points in Figure 3. The high grades seen in Copala 3, may contribute to a further improved, overall grade profile as more resources are converted to higher confidence categories in the central portion of Copala. Vizsla plans to complete its ongoing ~10,000 infill program by mid to late July. Based on the results received, Vizsla is analysing additional drilling metres to continue upgrading and expanding mineral resources in high priority areas at Copala.
Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala. The gray and black dash outlines represent Copala 2, Copala 3 and Copala 4 vein splays.
Figure 3: Inclined longitudinal section for Copala 3 vein splay with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46-degree dip of Copala.
Figure 4: Cross section showing Copala structure, Cristiano, Copala 3, Copala 4 and FW Splay veins with completed drilling.
Note: AgEq = Ag g/t x Ag rec. + (Au g/t x Au Rec x Au price/gram)/Ag price/gram. Metal price assumptions are $24.00/oz silver and $1,800/oz gold and metallurgical recoveries assumed are 91% for silver and 94% for gold. Gold and silver metallurgical recoveries used in this release are from metallurgical test results of the Copala vein (see press release dated August 16, 2023).
Table 1: Downhole drill intersections from the holes reported for Copala and Copala 3 veins. The two intercepts on main Copala for CS-24-359 occur within a broad (9.90 m) lower grade vein-breccia structure.
Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.
About the Panuco Project
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.
On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource of 169.6 Moz AgEq (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to our Company´s press release dated January 8, 2024).
About Vizsla Silver
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla Silver has completed over 368,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.
Quality Assurance / Quality Control
Drill core samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver and rock samples were shipped to SGS Lab in Durango Mexico for sample preparation and analysis. The ALS Zacatecas, North Vancouver facilities and SGS lab are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption (“AA”) spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.
Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.
Qualified Person
In accordance with NI 43-101, Jesus Velador, Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.
Information Concerning Estimates of Mineral Resources
The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The terms "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition Standards”), which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.
You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, “inferred mineral resources” are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. Information regarding mineral resources contained or referenced herein may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be “substantially similar” to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 364-2215
Email: info@vizslasilver.ca
Website: www.vizslasilvercorp.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the exploration, development, and production at Panuco, including plans for resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.
Forward-looking statements and forward-looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Vizsla Silver’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
https://mailchi.mp/9097f1f06fe7/9q3gdbv5bm-5692500?e=0ca03548e2
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He is on investors village. Click the link I posted. He usually posts a summary every weekend of the precious metals.
I'm no young chicken either at 81. The LEF.ORG is one of the best health sites on information to extend your life. You can download the pdf of the monthly magazine at the bottom of the page.
Tobinator00 has a nice weekly outlook for the precious metals:
https://www.investorvillage.com/smbd.asp?mb=144&mn=271215&pt=msg&mid=24943585
Giant Mining Corp. Contracts Big Sky Exploration for Diamond Core Drilling at Majuba Hill Copper Deposit
VANCOUVER, BC — July 8, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) is pleased to announce it has engaged Big Sky Exploration, LLC (“Big Sky”) of Eureka, Nevada for diamond core drilling (the “Core Program”) at the Majuba Hill Porphyry Copper Deposit (“Majuba Hill”), a copper, silver, and gold project located in Pershing County, Nevada.
Big Sky will undertake the Core Program, which plans to drill a minimum of 1,600 feet (488 meters) of core drilling within the existing exploration target area. The contract does not specify a maximum drilling requirement, allowing for flexibility in the execution of the project. Additionally, the Company is also contemplating drilling two deep core holes, each expected to reach depths of up to 3,500 feet (1,066 meters).
Drilling operations are set to commence with the arrival of the drilling rig on July 15, 2024.
David Greenway, CEO of Giant Mining Corp., commented on the new drilling contract, stating, “We are thrilled to announce that the core drilling contract has been awarded to Ben Sieben's team at Big Sky Exploration. This group effort marks the beginning of one of most exciting drill programs in recent memory for Giant Mining. Ben’s team engages and implements modern mud technologies and engineering, leading to what we believe will be excellent recovery success. We are confident that their expertise and innovative approach will lead to significant discoveries and advancements for our company."
Drilling will focus on the drill targets designed to expand the mineral potential at Majuba Hill, ensuring a comprehensive understanding of the deposit. The Core Program will provide detailed and accurate data that is crucial for delineating the extent and continuity of the copper, silver, and gold mineralization.
As previously stated, this investment in drilling is essential for refining the geological model of Majuba Hill, significantly enhancing Giant Mining’s resource evaluation efforts. The drilling data collected from these programs will enable the Company to update its resource estimates with greater precision, ultimately contributing to the advancement and economic assessment of the project. By thoroughly exploring and defining the mineral potential, the Company aims to optimize the development strategies for Majuba Hill, aligning with management’s commitment to creating shareholder value through meticulous exploration and resource management.
Figure 1: Giant Mining historic and planned core holes in blue.
About Big Sky Exploration, LLC
Big Sky Exploration, LLC, headquartered in Eureka, Nevada, was established from a genuine passion for diamond core drilling, bringing extensive expertise to the forefront of the mining industry. With a commitment to maximizing core recovery, Big Sky Exploration demonstrates unparalleled flexibility and adaptability to varying hole conditions. The company takes pride in delivering high-quality, cost-effective solutions tailored to meet the demands of the most challenging drilling environments.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. "Buster" Hunsaker III, CPG 8137, a non-independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its 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.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
E: info@giantminingcorp.com
P: 1 (855) 475-0745
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/8440c9ac900c/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11572795?e=1145db4d14
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Here is some more background information in the progress they have made so far.
Northern Dynasty Minerals (NYSE:NAK) - Path to Permitting for Giant Alaska Copper Project
Anybody home...bend some time since anybody posted.
Latest Presentation:
https://www.sandstormgold.com/wp-content/downloads/Sandstorm-Presentation.pdf
Interview with David Awram: