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Marimaca Drills Pampa Medina Sulphides – Intersects Exceptional 6m of 12.0% Cu within 26m of 4.1% Cu in dominantly Bornite in SMRD-13, 40m of 2.1% Cu in SMD-02
Globenewswire· 2025-07-03 10:15
Core Insights - Marimaca Copper Corp. announced significant high-grade copper intersections at the Pampa Medina deposit, extending its mineralization in all directions [1][2][3] - The drilling results indicate a unique sediment-hosted copper system in Chile, comparable to notable global deposits [2][3] - The company plans to host an investor presentation to discuss these findings and their implications for future production [2][8] Drilling Results - Drilling confirmed the presence of ultra high-grade (>5% CuT) zones over 15 meters thick, located more than 600 meters apart [2] - High-grade (>1.0% CuT) mineralization was defined across a 600m x 1,000m area, with potential extensions to 1.4km x 1.2km [2][3] - Notable intersections include: - Hole SMRD-13: 6m of 12.0% Cu from 594m downhole within 26m of 4.1% Cu from 580m [2] - Hole SMD-02: 40m of 2.1% Cu from 282m downhole within 132m of 1.0% Cu from 278m [2] - Hole SMD-01: 68m of 1.2% Cu including 20m of 2.3% Cu from 298m downhole [2] Geological Context - Pampa Medina is characterized as a manto-style copper deposit hosted in Jurassic-Triassic sedimentary units, with mineralization extending laterally down-dip [10][11] - The sedimentary units are extensive and mineralized over many square kilometers, indicating significant potential for high-grade sulphide mineralization [3][4] - The geological model has been updated to focus on lower sedimentary units as productive horizons for future drilling [11] Infrastructure and Development Potential - The location of Pampa Medina offers significant infrastructure advantages, being close to existing mines and associated facilities [2] - The low altitude and flat terrain provide ample space for future facilities and infrastructure development [2] - The company anticipates that the Pampa Medina and Madrugador oxide deposits will enhance its copper cathode production profile and extend mine life [5][6] Future Plans - The company is completing a 10,000m drilling program across 14 diamond holes to further define the limits of the prospective sedimentary units [5] - The Definitive Feasibility Study (DFS) for the Marimaca Oxide Deposit (MOD) is nearing completion and will be released soon [6][8] - The previously announced Preliminary Economic Assessment (PEA) for Pampa Medina will be paused to reassess the implications of the new drilling results [8]
Intrepid Metals Secures Additional Mineral Rights Adjacent to Rio Tinto at Corral Copper
Newsfile· 2025-07-02 11:00
Intrepid Metals Secures Additional Mineral Rights Adjacent to Rio Tinto at Corral CopperJuly 02, 2025 7:00 AM EDT | Source: Intrepid Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce the strategic expansion of its Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona through the acquisition of an additional four state leases from the Arizona S ...
ValOre Reports Results from Successful 87 Hole Trado® Auger Drilling Campaign at Pedra Branca, Including 10.0 m at 12.95 g/t 2PGE+Au from Surface
Globenewswire· 2025-07-02 11:00
Provides Update on Pedra Branca PGE Project and Strategic Growth in BrazilVANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0; “the Company”) today provided an update on recent exploration activities at its 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil, and reinforced its focus on advancing the Company’s broader strategic growth initiatives in Brazil. Jim Pa ...
Inventus Signs Milling Agreement With McEwen Mining
Globenewswire· 2025-07-02 11:00
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that it has signed a milling agreement with McEwen Mining for the processing of bulk sample material from its 100%-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario. Highlights Milling agreement signed with McEwen MiningBulk Sample extraction from 007 North site progressing on schedule with milling expected in late JulyGrade-control drilling resumes to define ...
Commencement of Trading on OTCQX in the U.S.
Globenewswire· 2025-07-01 06:00
Core Viewpoint - Amaroq Minerals Ltd. has been approved to trade on the OTCQX Best Market in the U.S., enhancing its visibility and trading opportunities for U.S. investors [3][4]. Company Overview - Amaroq Minerals is an independent mine development corporation focused on unlocking Greenland's mineral potential, with its shares continuing to trade on multiple exchanges including AIM, TSX-V, and NASDAQ Iceland [3][5]. - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of gold and strategic metal assets in Southern Greenland [8]. Trading Details - Trading on the OTCQX will commence under the ticker symbol "AMRQF" [3]. - The admission to OTCQX ensures that U.S. investors have access to the same level of information and disclosure as those in the UK, Canada, and Iceland [4]. Strategic Goals - The CEO of Amaroq expressed optimism that increased visibility on the OTCQX will expand the company's global reach and support from U.S. investors [6].
Equinor Encounters New Oil at Johan Castberg Field, Boosts Reserves
ZACKS· 2025-06-30 13:36
Core Insights - Equinor ASA has discovered oil at a new exploration well in the Johan Castberg field, achieving a peak output capacity of 220,000 barrels of oil per day [1][9] Exploration and Discovery - The exploration well 7720/7-DD-1H was drilled in the Drivis Tubåen prospect, marking the 14th well drilled within production license PL 532, with preliminary estimates suggesting 9-15 million barrels of oil in the new discovery [2][3] - The water depth at the drilling site is approximately 345 meters, and the discovery will enhance existing reserves at the Johan Castberg field [3] Future Potential and Production - The Johan Castberg field is expected to have a production life of 30 years, with estimated recoverable resources of 450-650 million barrels, and the company aims to increase reserves by 250-550 million barrels through ongoing exploration [5][9] - Equinor plans to drill one or two exploration wells annually near the Johan Castberg field to further enhance its resource base [5] Industry Context - The Barents Sea is considered one of the least explored regions of the Norwegian Continental Shelf, yet it is believed to hold significant untapped reserves of oil and gas [4] - The Johan Castberg field's operational status since March 2025 has opened new opportunities for oil discoveries in the region [4]
VIZSLA SILVER CLOSES US$100M BOUGHT DEAL OFFERING
Prnewswire· 2025-06-26 15:29
VANCOUVER, BC, June 26, 2025 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of 33,334,000 common shares of the Company (the "Common Shares") at a price of US$3.00 per Common Share (the "Offering Price") for aggregate gross proceeds of US$100,002,000 (the "Offering"). The Offering was led by Canaccord Genuity, as sole bookrunner and lead underwrite ...
Murphy Oil (MUR) 2025 Conference Transcript
2025-06-25 14:45
Summary of Murphy Oil (MUR) 2025 Conference Call Company Overview - **Company**: Murphy Oil Corporation (MUR) - **CEO**: Eric Hambly, who has been with the company for approximately 20 years and took over as CEO in January 2025 [2][3] Key Industry Insights - **Exploration and Development**: Murphy Oil has a strong focus on both onshore and offshore operations, with significant international exploration capabilities. The company has a large inventory of shale locations and is actively pursuing exploration and appraisal programs, particularly in Vietnam [4][5] - **Vietnam Projects**: The company announced a world-class discovery in Vietnam shortly after Hambly became CEO, indicating a promising future in the region [2][5] Financial Highlights - **Capital Expenditure**: For 2025, Murphy Oil has earmarked a capital budget of approximately $1.2 billion, with 85% allocated for development activities. The company aims to maintain a capital program between $1.1 billion and $1.3 billion in typical years [10][11] - **Oil Price Sensitivity**: The company can comfortably cover its dividend and capital program with oil prices in the $60 range. However, if prices fall to $55 per barrel for an extended period, adjustments to the capital program may be necessary to protect the balance sheet [10][11] Operational Updates - **Gulf of America**: Murphy Oil is actively working on several wells in the Gulf of America, including new development wells and workovers. The company plans to drill two exploration wells in the third quarter of 2025 [14][15] - **St. Malo Waterflood Project**: The project is expected to contribute to production levels over time, with water injection already underway [17][18] - **Chinook Field**: The company purchased an FPSO for over $100 million, which will enhance the economics of the Chinook development project. A new development well is planned for 2026, with potential production rates of up to 15,000 barrels per day [26][28] Exploration Opportunities - **Hai Su Long Discovery**: The discovery well flowed at 10,000 barrels per day, with an estimated resource of 170 million barrels of oil equivalent. An appraisal well is planned to further assess the structure [46][48] - **Pink Camel Field**: Estimated resources of 30 million to 60 million barrels of oil equivalent, with plans for development tied back to existing infrastructure [51][53] - **Cote D'Ivoire Exploration**: Murphy Oil plans to start a three-well drilling program in Cote D'Ivoire, targeting significant resource potential with a mean estimate of over 400 million barrels [58][60] Cost Management - **Cost Structure**: The company has already streamlined its cost structure significantly since 2020, reducing general and administrative expenses from $243 million in 2019 to approximately $110 million in recent years [7][8] - **Offshore Costs**: While some costs are stable, there are increases in tubular goods and major subsea projects, with cost increases of 30% to 50% noted for subsea projects compared to previous years [36][38] Strategic Outlook - **Long-term Vision**: Murphy Oil aims to differentiate itself from peers through its exploration capabilities and strategic investments in high-potential regions like Vietnam and Cote D'Ivoire. The company is optimistic about its future growth and exploration success [4][5][62] Conclusion - **Overall Sentiment**: The company is confident in its operational performance and strategic direction, with a focus on maintaining a strong balance sheet while pursuing growth opportunities in both existing and new markets [71]
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Proactiveinvestors NA· 2025-06-19 07:01
Core Insights - The Paterson Province in Western Australia is emerging as a global exploration hotspot, attracting major players like Greatland Gold and Rio Tinto, with Antipa Minerals Ltd strategically positioned to capitalize on this trend [1][8]. Company Overview - Antipa Minerals holds over 4,100 square kilometers of exploration tenements and is advancing its flagship Minyari Dome Gold-Copper Development Project, located near significant deposits like Greatland's Telfer mine and Rio Tinto's Winu project [2][9]. - The Minyari Dome project hosts a resource of 2.9 million ounces of gold equivalent, including 2.4 million ounces of gold and 69,000 tonnes of copper, making it a cornerstone of Antipa's growth strategy [9][11]. Exploration and Development - Antipa is expanding its exploration beyond Minyari Dome, focusing on targets like Parklands and Jezabeel, which show large surface gold anomalies [4][20]. - The company is conducting a robust exploration program, including a Phase 1 drilling program with 57 reverse circulation holes and four diamond core holes, aimed at extending known mineralization [15][19]. Financial Position - Antipa has a strong financial position with a cash balance of $40 million and zero debt, allowing for accelerated exploration and development without external funding [23][26]. - The company's market capitalization stands at $437 million, supported by institutional backing from companies like Greatland Gold and IGO [26]. Leadership and Strategy - Antipa is led by an experienced team, including CEO Roger Mason, who has 37 years of experience in exploration and mining operations, providing the company with the necessary expertise to advance its projects [27][32]. - The company is committed to responsible and sustainable development, focusing on building relationships with local communities and stakeholders [31][32]. Future Outlook - Antipa's ongoing drilling campaigns and exploration programs are expected to generate significant news flow throughout 2025, with the potential for new gold and copper discoveries [33].
Probe Gold Intersects Grades Up to 3.1 g/t Au Over 17.0 Metres in Infill Drilling at Novador Project, Quebec
Globenewswire· 2025-06-17 10:30
Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 6.2 g/t Au over 4.9 metres, including 26.8 g/t Au over 1.0 metres and thick gold zones, including an intersection of 3.1 g/t Au over 17.0 metres, including 14.1 g/t Au over 2.0 metres.The recently completed 50,000-metre winter infill drilling program was designed to support the upcoming 2025 Pre-Feasibility Study, which is expected by year-end. TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- Probe ...