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Showcase Minerals Acquires Grassy and Premier East Gold Projects, Arranges Financing
Newsfile· 2025-12-10 16:54
Core Points - Showcase Minerals Inc. has entered into a mineral property purchase agreement to acquire a 100% interest in the Grassy and Premier East Gold Projects located in the Golden Triangle region of British Columbia [1][2] - The acquisition will involve the issuance of 5,000,000 common shares to the vendor, subject to a hold period of four months and one day [2] - The Premier East Gold Project consists of a 325.28-hectare mineral claim with historical high-grade samples showing significant mineralization, including 0.16 oz/T gold and 505 to 550 oz/T silver [3] - The Grassy Gold Project includes two mineral claims totaling 830.3 hectares, with past exploration revealing epithermal, low-sulphidation mineralization and a notable intersection of 1.56 g/t gold over 3.05 meters [4] - Rene Bernard has been appointed as the new President and CEO of Showcase Minerals, bringing 25 years of experience in public mineral exploration [5] - The company plans to complete a non-brokered private placement financing of up to 3,000,000 units at a price of C$0.07 per unit, aiming for total gross proceeds of up to C$210,000 [7][8] - The private placement will be used for debt payment and general working capital, with insider participation exempt from formal valuation and minority shareholder approval [8][9] Project Details - The Premier East Gold Project is located approximately 10 kilometers north of Stewart, with past exploration focused on the M.C. No 1 showing, revealing high-grade mineralization [3] - The Grassy Gold Project is situated 24 kilometers north of Stewart, with historical exploration dating back to 1927, including underground work and various showings [4] Financing and Management - The private placement is subject to acceptance for filing by the Canadian Securities Exchange [9] - The new management under Rene Bernard aims to enhance the company's strategic direction in mineral exploration [5]
Copper Quest Partners with ExploreTech for AI-Driven Resource Exploration and Development
Globenewswire· 2025-12-01 13:00
Core Insights - Copper Quest Exploration Inc. has formed a strategic partnership with Exploration Technologies Inc. to utilize generative artificial intelligence for its Kitimat Copper-Gold Project in British Columbia [1][3] - The initial work program at Kitimat has been completed, enhancing the geological understanding based on historical data and new field observations [1][6] Company Overview - Copper Quest is focused on developing its North American Critical Mineral portfolio, which includes five projects covering over 40,000 hectares [29][30] - The company aims to create shareholder value through project acquisition, exploration, and development [29] Partnership with ExploreTech - ExploreTech's technology integrates various geological data types into a 3D framework, generating numerous subsurface model scenarios to optimize drilling plans for copper-gold targets [2][26] - The partnership will initially focus on the Kitimat Copper-Gold Project, leveraging AI to enhance exploration efficiency [3][17] Kitimat Project Details - The Kitimat project has historical exploration dating back to the late 1960s, with significant drilling conducted by Decade Resources Ltd. in 2010, totaling 4,437.5 meters across 16 diamond holes [9][19] - Recent fieldwork has indicated the presence of a large altered intrusive system, consistent with a productive porphyry environment [8][12] Historical Drilling Results - Notable drill intervals from 2010 include: - Hole J-7: 117.07 m at 1.03 g/t Au and 0.54% Cu - Hole J-1: 103.65 m at 1.00 g/t Au and 0.55% Cu - Hole J-2: 107.01 m at 0.80 g/t Au and 0.45% Cu - Hole J-8: 112.20 m at 0.41 g/t Au and 0.33% Cu - These results suggest that mineralization remains open at depth and may extend laterally beyond the drilled area [19][27] Next Steps in Exploration - The company plans to deliver historical datasets to ExploreTech, initiate AI-driven modeling, and integrate new geochemical results from 2025 [20] - The exploration and drilling program for 2025-2026 will be finalized based on the outcomes of the AI analysis [20] Market Context - Global copper demand is increasing due to electrification, electric vehicles, and renewable energy, while supply is constrained by declining grades and limited new discoveries [27] - Copper Quest is strategically positioned to contribute to the next generation of copper and critical mineral discoveries in stable jurisdictions like Canada [27]
Decade Resources Closes Private Placement for Total Gross Proceeds of $1,170,000
Newsfile· 2025-11-24 21:31
Core Points - Decade Resources Ltd. has successfully closed a private placement, raising total gross proceeds of $1,170,000 [1] - The private placement consisted of two types of units: flow-through units and non-flow-through units [2][3] Flow-Through Units - A total of 24,250,000 flow-through units were issued at a price of 4 cents per unit, generating gross proceeds of $970,000 [2] - Each flow-through unit includes one common share and one warrant, with the warrant exercisable at $0.06 per share for a period of 24 months [2] - Proceeds from flow-through units will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's B.C. properties [4] Non-Flow-Through Units - A total of 5,000,000 non-flow-through units were issued at a price of 4 cents per unit, generating gross proceeds of $200,000 [3] - Each non-flow-through unit consists of one common share and one warrant, with the warrant exercisable at $0.06 per share for a period of 36 months [3] - Proceeds from non-flow-through units will be used for general working capital [4] Additional Information - The company paid cash finder's fees totaling $86,800 and issued 2,170,000 warrants to finders, which are exercisable for a 24-month period [5] - All securities issued are subject to a statutory hold period of four months, expiring on March 22, 2026 [5]
Decade Resources Reports Expanded Exploration at the North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-18 12:00
Core Viewpoint - Decade Resources Ltd. is expanding its exploration efforts at the North Mitchell Property in British Columbia due to positive results from a recent reconnaissance program, indicating potential for significant mineralization in the area [1][10]. Exploration Details - The 2025 field program will include detailed sampling of gossanous base metal-bearing outcrops to determine the width, strike length, and gold-silver tenor of the mineralization [7]. - The North Mitchell Property is located near several significant deposits, including KSM's Iron Cap and Snowfield deposits, which have combined resources of 36.1 million ounces and 34.9 million ounces of gold, respectively [5]. Geological Context - The property is underlain by Hazelton Group volcanic and intrusive rocks, with structures interpreted as splays of the Brucejack Fault, suggesting the potential for an epithermal Au-Ag system with a porphyry source [9]. Resource Estimates - The combined number of reported gold ounces within eight deposits around the North Mitchell Property is estimated at 201.67 million ounces, excluding significant amounts of silver and copper [2].
Decade Resources Reports Mineralized Quartz Veins and Porphyry Indicators at North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-16 12:00
Core Viewpoint - Decade Resources Ltd. has reported promising results from its reconnaissance program at the North Mitchell Property, indicating potential mineralization and geological features that may lead to further exploration opportunities in the Golden Triangle of British Columbia [1]. Exploration Program - The 2025 field program included prospecting, geological mapping, and systematic chip sampling across newly exposed outcrops and float trains, focusing on gossanous walls, quartz-veined boulders, and altered host rocks [4]. - All samples have been submitted for multi-element geochemical analysis, including fire assay for gold and ICP-MS for silver, copper, lead, zinc, and pathfinder elements [4]. - Results from the assays are pending, with some samples sent for rush assaying to guide further exploration [5]. Geological Observations - Multiple gossanous outcrops with strong silicification, iron-oxide staining, and quartz veining were observed [7]. - Grey saccharoidal quartz was discovered adjacent to white quartz veins, hosting fine-grained sphalerite and galena, which are commonly associated with gold-silver systems in the region [7]. - Porphyritic intrusive rocks (diorite-granodiorite) were identified, suggesting a potential link to a copper-gold porphyry system at depth [7]. - A rock sample containing possible chalcocite was observed, indicating local copper enrichment [7]. Geological Context - The North Mitchell Property is underlain by Hazelton Group volcanic and intrusive rocks and is influenced by structures interpreted as splays of the Brucejack Fault [13]. - New mineralized exposures are located less than 3 km from Tudor Gold's Perfect Storm Zone drill hole PS-23-10, which intersected 102.15 m of 1.28 g/t AuEq [13]. - The presence of sphalerite- and galena-bearing quartz veins, iron-oxide alteration, and nearby porphyritic intrusives suggests the potential for an epithermal Au-Ag system with a porphyry source, similar to nearby Iron Cap and Brucejack deposits [13]. Company Comments - The President of Decade Resources stated that the reconnaissance program has identified a highly prospective target area at North Mitchell, with the combination of veining, alteration, and sulfide mineralization significantly advancing the understanding of the property [14]. - The company plans follow-up work, including detailed mapping and potential drill targeting [14].