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Fitzroy Minerals Reports 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-06 13:15
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5] Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8] - The project area covers 13,240 hectares and is located 57 km southwest of Copiapó, Chile, with a focus on near-surface copper mineralization within a 1 km-wide by 4 km-long corridor [1][3] - Phase 1 drilling was completed prior to the acquisition of Ptolemy Mining Ltd, with results documented in a technical report filed on November 8, 2024 [3] Future Plans - The company aims to drill at least 8,000 m in 2025, with a focus on the Southwest and North areas, and is considering switching to a Reverse Circulation drill rig to accelerate exploration [7][24] - Exploration efforts will continue to delineate extensions of mineralization along strike and at depth, particularly in the Southwest Area [24] Mineralization Characteristics - The mineralization in BRT-DDH022 is characterized by leachable green copper oxides, including tenorite, cuprite, and chalcocite, with significant hydrothermal alteration observed [5][10] - The presence of high-grade cuprite and chalcocite feeder structures enhances the depth potential of copper mineralization at Buen Retiro [2][15] Assay Results - The best assay results to date from the project are from hole BRT-DDH022, which intersected 110 m @ 1.94% Cu and 416 ppm Co, indicating a strong mineralization trend [8][12] - Other drill holes in the Southwest Area have shown promising intersections averaging between 0.5% to 1.9% Cu in oxides and leachable minerals from surface [15][21] Geological Context - The geology of BRT-DDH022 is described as typical of Iron-Oxide Copper Gold (IOCG) style, with significant brecciation and alteration, indicating a robust mineralizing system [10][15] - The mineralization is interpreted to be associated with a sub-vertical structure located near the center of a major magnetic anomaly [15][16]
RT Minerals Corp. Completes Major UAV Magnetics Survey at Case Property, Ontario - High-Resolution Data to Guide Target Generation
Newsfile· 2025-06-05 12:30
Core Insights - RT Minerals Corp. has successfully completed a high-resolution UAV magnetics survey at its 100%-owned Case Property in Ontario, marking a significant milestone in its 2025 exploration program [1][5] Survey Details - The survey, conducted by Axiom Exploration Group Ltd., covered 687.5 line-kilometres with a primary line spacing of 50 metres, and select areas flown with 25-metre infill spacing to enhance resolution in complex geological zones [2] - The survey was flown at low altitudes to maximize resolution, and the data quality met or exceeded industry standards for UAV-acquired magnetometry [3] Strategic Implications - The high-resolution dataset will be integrated into existing geological and geochemical models, allowing the company to refine exploration focus, enhance structural interpretations, and identify potential drill targets [4] - The CEO of RT Minerals Corp. expressed strong encouragement regarding the quality and scale of the survey, indicating it provides a solid technical foundation for advancing high-priority targets [5] Company Overview - RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange, holding a 100% interest in a portfolio of 12 properties related to rare earth elements, gold, and base metals in Ontario, Canada [5]
Argyle Commends the Ontario Governments Critical Minerals Exploration and Developments Initiatives
Newsfile· 2025-06-04 10:00
Argyle Commends the Ontario Governments Critical Minerals Exploration and Developments InitiativesJune 04, 2025 6:00 AM EDT | Source: Argyle Resources Corp.Calgary, Alberta--(Newsfile Corp. - June 4, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce its strong support for the Ontario Government's recent initiatives to bolster critical mineral exploration and development within the province.The Ontario Government has unveiled ...
Apollo Minerals advances gold exploration at Salanie with Phase 2 drilling success
Proactiveinvestors NA· 2025-06-04 01:54
Group 1 - Proactive Investors specializes in providing fast, accessible, and informative business and finance news to a global investment audience, focusing on medium and small-cap markets as well as blue-chip companies [2][3] - The news team covers various sectors including mining, energy, biotech, and emerging technologies, delivering unique insights and updates to engage private investors [3] - Proactive has a strong presence in key financial hubs worldwide, with bureaus and studios located in cities such as London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company emphasizes the use of technology to enhance workflows, adopting automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4][5]
Spark Energy Minerals to Attend Lithium & Critical Mineral Summit in Brazil
Newsfile· 2025-06-03 21:30
Company Participation - Spark Energy Minerals Inc. is participating as an Executive Dinner Sponsor and speaker at the 2nd Annual Lithium and Critical Mineral Summit in Belo Horizonte, Brazil from June 3rd to 5th, 2025 [1][2]. Industry Event Overview - The Brazil Lithium & Critical Minerals Summit is a significant event focused on Brazil's Lithium Valley, endorsed by Invest Minas, and aims to connect key industry players and international companies interested in lithium and critical mineral reserves [2][3]. - The inaugural summit attracted over 350 industry leaders from more than 25 countries, featuring over 50 speakers and facilitating over 180 private business meetings [3]. Notable Attendees - Key attendees of the summit include Sigma Lithium, Pilbara Minerals, Lithium Ionic, European Investment Bank, and Vale [4]. Company Project Focus - Spark Energy Minerals' CEO and Vice President of Exploration will engage with industry participants to discuss the Arapaima Lithium and Rare Earth Elements (REE) Project, which covers a land package of 919 km² and shows promising lithium and REE potential [5][6]. - The Arapaima project has identified 123 pegmatite occurrences across 13 trends with a combined strike length of 31 km, and has reported anomalous lithium values in rock chip samples up to 1,397 ppm Li [7]. Project Highlights - The project has promising REE mineralization with soil samples returning over 3,000 ppm Total Rare Earth Oxides (TREO) and stream sediments exceeding 6,000 ppm TREO [7]. - The project is well-positioned with excellent access via sealed roads and proximity to established infrastructure, including the Sigma Lithium mine located just 15 km away [7]. Corporate Development - Spark Energy Minerals has appointed Bonn Smith as Vice President of Corporate Development, bringing over 15 years of capital markets expertise [11][12].
Ridgeline Minerals Sells Tungsten and Critical Metals Project to Midasco Capital Corp.
Newsfile· 2025-06-03 11:30
Core Viewpoint - Ridgeline Minerals Corp. has entered into a share purchase agreement with Midasco Capital Corp. for the sale of its wholly owned subsidiary, Spartan Exploration Nevada Corporation, which holds the Eagle Property, a high-grade tungsten and critical metals project in Nevada [1][3]. Company Overview - Ridgeline Minerals is focused on precious and base metal exploration with a portfolio of seven projects across 200 km² in Nevada, USA [19]. - The company aims to maximize shareholder value through strategic transactions and partnerships, while continuing to advance its exploration portfolio [3]. Transaction Details - Midasco will acquire 100% of Spartan, which includes 244 lode mineral claims in White Pine County, Nevada [1]. - The Eagle Property is noted for its historical production of tungsten, with past operations yielding 8,352 Metric Ton Units of Tungsten trioxide at average grades of 0.6-1.0% from 1917 to 1956 [2]. - Ridgeline will receive a 1% net smelter return royalty on the Eagle Property and any additional ground staked within a 2-mile area of interest [4]. Future Plans - Midasco plans to reactivate its listing on the TSX Venture Exchange and rename itself to "Spartan Metals Corp." following the acquisition [4][6]. - The transaction includes the issuance of common shares to Ridgeline, representing 19.9% of Midasco's total shares at closing, with additional shares to be issued on the one-year anniversary of the closing [6][8]. Exploration Potential - The Eagle Property is recognized for its significant exploration potential, which Midasco intends to develop as its flagship asset [3][4].
Spark Energy Minerals Files NI 43-101 Technical Report for Arapaima Lithium & REE Project, Brazil and Provides Overview
Newsfile· 2025-06-02 20:05
Core Viewpoint - Spark Energy Minerals Inc. has published its maiden NI 43-101 Technical Report for the Arapaima Lithium and Rare Earth Elements (REE) Project, confirming its potential as a highly prospective early-stage exploration project in Brazil's "Lithium Valley" [1][2][4]. Project Overview - The Arapaima project covers approximately 919 km² in northeastern Minas Gerais, Brazil, and is located near several towns and established infrastructure [5][6]. - The project area is about 550 km from Belo Horizonte, with good access via sealed highways and proximity to the Sigma Lithium mine, which is only 15 km away [6][7]. Geological and Mineralization Insights - The project lies within the Eastern Brazilian Pegmatite Province, known for its lithium-cesium-tantalum (LCT) and gem pegmatites, with Minas Gerais hosting about 90% of this province [10]. - Target mineralization includes LCT-type granitic pegmatites and REO clay deposits, with field observations indicating pegmatites ranging from centimeters to approximately 200 m thick [12][13]. - The report identifies 123 individual pegmatite occurrences across 13 trends with a combined strike length of 31 km, with notable lithium values found in rock chip samples (up to 1,397 ppm Li) and stream sediments (up to 191 ppm Li) [7][17]. Exploration History and Future Plans - Since November 2024, the company has engaged in extensive exploration activities, including reprocessing regional data and conducting ground mapping and sampling, resulting in the identification of four high-priority exploration targets [15]. - The Cruzeta Target has shown the highest lithium assays to date, indicating the potential for highly evolved LCT pegmatites in the area [17]. Rare Earth Element Potential - The Caladão Granite area has shown promising REE mineralization, with soil samples returning over 3,000 ppm TREO and stream sediments exceeding 6,000 ppm TREO [19][20]. - The contiguous tenements with Axel REE Limited have reported significant gallium and REE results, enhancing the project's attractiveness [19][20].
Panther Minerals Announces CEO Transition and Debt Settlement
Thenewswire· 2025-05-31 03:00
Management Changes - Mr. Robert Birmingham has stepped down as Chief Executive Officer of Panther Minerals Inc., effective immediately [1] - Mr. Birmingham has been appointed as an independent director on the board, effective immediately [2] - The company has initiated a search for a new Chief Executive Officer and will provide updates as the process progresses [3] Debt Settlement - Panther Minerals has entered into a debt settlement agreement to settle outstanding debts totaling $14,785.71 with an arms-length creditor [4] - The company will issue 924,106 shares at a deemed price of $0.016 per share as part of the debt settlement [4] - The shares issued will be subject to a hold period of four months and one day [4] Financial Strategy - The board of directors believes completing the debt settlement is in the best interests of the company to preserve cash for working capital [5] Company Overview - Panther Minerals is a mineral exploration company focused on its North American project portfolio, particularly in high-quality uranium projects [6]
CopAur Minerals, a Metals Group Company, Closes Oversubscribed Non-Brokered Private Placement with Strong Industry Participation
Newsfile· 2025-05-31 00:32
Core Viewpoint - CopAur Minerals successfully closed an oversubscribed non-brokered private placement, raising a total of $505,500 through the issuance of 5,055,000 units at a price of $0.10 per unit, reflecting strong investor demand and confidence in the company's future direction [1][2]. Group 1: Private Placement Details - The private placement was upsized due to strong demand from seasoned mining investors and strategic industry participants, indicating robust internal alignment within the company [2]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.15 for 18 months [3]. - The company has paid $33,635 in finders' fees and issued 336,350 finder warrants under similar terms as the main warrants [4]. Group 2: Use of Proceeds - Net proceeds from the private placement will be allocated for general working capital and to advance high-priority exploration projects, particularly the Kinsley Mountain Gold Project in Nevada, which has near-term discovery potential [5][6]. Group 3: Company Overview - CopAur Minerals Inc. is focused on developing mineral projects in resource-rich mining districts of Nevada, with a strong team experienced in discovery and value creation [6]. - The flagship asset is the Kinsley Mountain Gold Project, located approximately 90 kilometers south of the Long Canyon Mine, currently operated under the Newmont/Barrick joint venture [6].
Ridgeline Minerals Acquires High-Grade Oxide Gold Project, Further Consolidating Land Position at the Atlas Project, Nevada
Newsfile· 2025-05-29 12:00
Core Viewpoint - Ridgeline Minerals Corp. has entered into an exploration earn-in option agreement to acquire a 100% interest in the Trench oxide gold project, further consolidating its land position at the Atlas project in Nevada [1][2]. Project Overview - The Trench project consists of 31 Bureau of Land Management lode mining claims covering 2.2 square kilometers, located approximately 30 kilometers southwest of Carlin, Nevada [2]. - The project hosts a Carlin-Type gold system with historical grades of up to 5.6 grams per tonne (g/t) gold [2][3]. - The area has seen limited modern exploration, with previous work conducted in the 1990s [2]. Exploration Plans - Ridgeline plans to conduct an expanded rock chip sampling and field mapping campaign in the second half of 2025 to enhance the existing geochemical database [4]. - The current dataset includes high-grade rock chips ranging from 1.8 g/t Au to 5.6 g/t Au [6]. Financial Terms - Upon closing the agreement, EMX will retain a 3.0% net smelter return (NSR) royalty, which can be reduced to 2.0% through specific payments and exploration expenditures [13]. - Ridgeline will make annual advance royalty payments of $50,000 until commercial production begins [14]. Technical Information - The project is characterized by classic Carlin-Type alteration and gold mineralization within outcropping Pennsylvanian to Permian age rocks [17]. - Ridgeline's exploration strategy focuses on systematically advancing underexplored projects in known gold districts [2]. Company Background - Ridgeline Minerals is a precious and base metal explorer with a 200 square kilometer exploration portfolio across seven projects in Nevada [18].