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Fitzroy Minerals Drilling Update: 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswireยท 2025-06-09 14:20
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]. - Historical drill holes in the Southwest Area have shown a trend with several hundred meters of strike length, returning intersections with grades over 1% copper [2][15]. - The project covers an area of 13,240 hectares and is strategically located near significant infrastructure, facilitating rapid development [3][30]. Future Exploration Plans - The company plans to drill at least 8,000 m in 2025, focusing on the Southwest and North areas, with potential use of a Reverse Circulation (RC) drill rig to accelerate exploration [7][23]. - Exploration efforts will target near-surface copper mineralization within a 1 km-wide by 4 km-long corridor, with ongoing assessments of deeper mineralization potential [3][23]. Geological Insights - The geology of BRT-DDH022 is characterized by typical Iron-Oxide Copper Gold (IOCG) style, with significant hydrothermal alteration and the presence of high-grade copper minerals [10][15]. - The mineralization in the Southwest Area is interpreted to be associated with a sub-vertical structure, enhancing the depth potential for copper [15][16]. Assay Results and Quality Control - Assay results from the ongoing drilling have shown promising intersections, with the best results from BRT-DDH022 indicating a maximum of 12.86% Cu over a 1.0 m sample [10][8]. - The company employs rigorous QA/QC procedures, including the use of certified standards and blanks to ensure the accuracy of laboratory analyses [24][26].
Happy World Ocean Day
Ocean Exploration & Conservation - The organization is celebrating World Ocean Day and promoting ocean exploration [1][2] - The organization is participating in the United Nations Ocean Conference in France, focusing on ocean protection and exploration [1] - The conference will gather world leaders, explorers, and scientists [1] Media Promotion - The organization recommends the "Ocean Explorers" series on Disney Plus [2]
ExxonMobil, SOCAR Sign Deal to Explore Onshore Oil in Azerbaijan
ZACKSยท 2025-06-06 14:06
Core Insights - Exxon Mobil Corporation (XOM) has signed a memorandum of understanding (MoU) with Azerbaijan's state energy company SOCAR to enhance their energy partnership, focusing on onshore oil and gas resources [1][11] - The agreement emphasizes ExxonMobil's commitment to Azerbaijan's energy development, particularly in unconventional reserves, and continues the historical engagement of American companies in the region [2][8] Group 1: Agreement Details - The MoU aims to evaluate unconventional hydrocarbon opportunities in Azerbaijan, which could help stabilize the country's long-term oil output [3][5] - Currently, onshore production accounts for only 5% of Azerbaijan's overall oil output, indicating significant potential for growth in this area [3] - ExxonMobil's expertise in advanced technologies, such as hydraulic fracturing, positions it as a key partner for SOCAR in unlocking these challenging reserves [4][8] Group 2: Strategic Implications - The partnership is seen as a stepping stone for ExxonMobil to deepen its involvement in Azerbaijan's evolving energy strategy, balancing traditional oil production with new exploration [8][9] - Azerbaijan aims for a steady oil output of approximately 582,000 barrels per day, and the collaboration with ExxonMobil reflects a shared vision for stability and innovation in the global energy landscape [9] Group 3: Broader Context - SOCAR is also expanding its global outreach, including partnerships with other companies like Gran Tierra Energy, indicating a broader strategy to enhance its international presence [6][7] - SOCAR's recent activities, such as winning a license for natural gas exploration in Israel's Exclusive Economic Zone, further demonstrate its ambition to attract partnerships with Western energy majors [7]
Rocket Lab's Launch Services Soar as Commercial Demand Rises
ZACKSยท 2025-06-06 13:20
Core Insights - Rocket Lab USA, Inc. (RKLB) has established itself as a significant player in the launch and space systems market, providing a variety of space systems including satellites and spacecraft platforms, and has a strong position in the small satellite launch market with its Electron rocket, which is the second most frequently launched U.S. rocket [1] Group 1: Company Developments - Rocket Lab has secured a major contract with Japan-based Earth imaging company iQPS for eight dedicated Electron launches, marking one of its largest agreements to date, with six missions planned for 2025 and two for 2026 [2][8] - The upcoming mission on June 10, 2025, will be Rocket Lab's third Electron launch within a span of 24 days, showcasing its increasing launch capacity and reliability in the commercial space sector [2][8] - The company is also developing the Neutron rocket, aimed at larger payloads and constellation deployments, which is expected to enhance its market position and revenue potential [3][8] Group 2: Industry Context - The space launch services market is experiencing growth driven by rapid technological advancements, increasing demand for satellite deployment, and rising investments in space infrastructure [4] - Established players like Boeing and Lockheed Martin are well-positioned to benefit from the growth of the space launch market, with their joint venture, United Launch Alliance (ULA), having successfully launched over 150 rockets since 2006 [5] - ULA's new Vulcan rocket is designed to provide more affordable and accessible space launches for various missions [6] Group 3: Financial Performance - Rocket Lab's shares have seen a significant increase of 495.8% over the past year, compared to the industry's growth of 20.8% [7] - The company's forward 12-month Price/Sales ratio stands at 17.19X, which is considerably higher than the industry's average of 9.45X, indicating that the shares are relatively expensive [9] - The Zacks Consensus Estimate for Rocket Lab's losses in 2025 and 2026 has improved over the past 60 days, suggesting a positive outlook [10]
Nova Pacific Provides Drilling Update at Lara Project
Newsfileยท 2025-06-06 12:30
Core Viewpoint - Nova Pacific Metals Corp. is advancing its Phase 1 exploration drill program at the Lara VMS Project, with a focus on confirming historical mineralization and exploring potential extensions [1][6]. Group 1: Drill Program Details - The Phase 1 drill program aims to complete approximately 8,500 metres of drilling across 39 holes, with 4,953 metres already completed in 21 NQ-sized diamond drillholes as of now [3][5]. - A second drill rig has been added to accelerate the drilling process, enhancing the efficiency of the program [2][5]. - Visible massive sulphide and sulphide vein mineralization have been identified in logged drill cores within altered felsic volcanics of the Sicker Group [3]. Group 2: Assay Results and Objectives - Seven drillholes have been sampled and sent to ALS Geochemistry for analysis, with four samples prioritized for rush assaying [4][5]. - The primary objectives of the Phase 1 program include confirming the presence and extent of historical mineralization and demonstrating the potential for expansion along the Coronation Trend [6]. Group 3: Stock Options and Community Engagement - The company has granted 650,000 incentive stock options to consultants and advisory board members, each exercisable at a price of $0.14 per share for up to five years [8]. - Nova Pacific emphasizes early engagement with First Nations communities to ensure that exploration activities are well-coordinated and supported, aiming for mutually beneficial partnerships [10]. Group 4: Company Overview - Nova Pacific is focused on the Lara VMS Project, which has a significant historical resource rich in critical and precious metals, located near excellent infrastructure [11]. - The company's strategy includes verification and exploration drilling, along with the completion of an updated mineral resource estimate [11].
Kincora Copper: Expanded Scope for Ongoing Drilling in the Northern Junee-Narromine Belt
Newsfileยท 2025-06-06 10:00
Kincora Copper: Expanded Scope for Ongoing Drilling in the Northern Junee-Narromine BeltJune 06, 2025 6:00 AM EDT | Source: Kincora Copper LimitedThe first drilling program by Kincora with earn-in partner AngloGold Ashanti Australia Limited (AngloGold Ashanti) at the Nyngan porphyry project has been expanded for a second time to test new targets identified by a recent ground gravity survey: A total of fifteen wide-spaced scout holes for 6,197.3m have been completed in the current program with ...
RT Minerals Corp. Completes Major UAV Magnetics Survey at Case Property, Ontario - High-Resolution Data to Guide Target Generation
Newsfileยท 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]
Blue Star's Target Series: Roma Main Gold Prospect 2.0 km Strike Length, High-Grade, Drill Ready
Newsfileยท 2025-06-05 12:00
Core Viewpoint - Blue Star Gold Corp. is advancing its exploration efforts at the Roma Main Gold prospect in Nunavut, which shows significant potential for gold discovery, with surface sampling returning high grades and historical drilling revealing visible gold [1][3][12]. Roma Prospect Highlights - The Roma Main prospect extends over a 2 km strike length and includes three distinct zones: North, Central, and Southern Zones [6][8]. - Surface sampling has yielded gold grades up to 125.6 g/t in the Southern Zone, with historical drilling results including 12.83 g/t over 2.31 metres [3][6][10]. - The mineralized vein system appears to bifurcate at depth, indicating the potential for a developing gold-bearing system [6][7]. Historical Work - The property was first staked in 1989, with initial surface sampling grading up to 9.0 g/t Au, leading to the discovery of the Central and Southern Zones [8][9]. - Historical drilling in 1991 tested the main vein to a maximum vertical depth of 37 metres, with the most encouraging results from the Northern Zone [10][11]. Recent Work - In 2021 and 2022, the company conducted a high-resolution aeromagnetic survey, revealing new insights into the area's structure and geology [11]. - Recent prospecting confirmed the presence of potential parallel mineralized trends, with surface samples averaging 2.96 g/t gold [11]. Next Steps - The company plans to initiate drilling in the Northern Zone, targeting the down-dip extension of previous high-grade intercepts [12]. - Additional fieldwork will investigate mineralized quartz boulders and soil anomalies in the Central and Southern Zones [12].
Maxus Mining Announces Acquisition of a Portfolio of High-Grade Antimony & Tungsten Projects
Globenewswireยท 2025-06-05 12:00
Core Viewpoint - Maxus Mining Inc. has entered into a Property Option Agreement to acquire a 100% interest in one tungsten and three antimony exploration properties in British Columbia, covering a total of 4,122 hectares, which positions the company to capitalize on essential minerals for emerging technologies and energy [2][3][29] Group 1: Acquisition Details - The Agreement involves acquiring four new projects focused on antimony and tungsten, enhancing the company's mineral portfolio [3][21] - The total area of the properties includes approximately 3,700 hectares for antimony projects and 422 hectares for the Lotto Tungsten Project [2][29] - The acquisition will be financed through cash payments totaling $150,000, common share issuances worth $400,000, and a minimum of $1,000,000 in exploration expenditures [21][24] Group 2: Project Highlights - The Quarry Antimony Project has historical samples showing high grades of antimony, with one sample assaying 20% Sb, 0.89 g/t Au, and 42.5% Pb [4][31] - The Lotto Tungsten Project is located in a mineral-rich area and has historical samples with tungsten mineralization, including a sample that assayed 10.97% WO3 [7][8][31] - The Altura Antimony Project is strategically positioned near a recent high-grade antimony discovery, with assays up to 69.98% Sb [6][19][31] - The Hurley Antimony Project is adjacent to the Reliance Gold Project, which reported significant antimony results, including 19.2% Sb [9][10][32] Group 3: Geological Context - The properties are situated in a leading Canadian jurisdiction with extensive geological potential, underlain by various rock formations that support mineralization [5][14][29] - The Quarry property is characterized by mineralized quartz veins in limestone, while the Lotto Project features scheelite mineralization in quartz veins [4][7] - The geological setting of the Hurley and Altura projects indicates a strong correlation between gold and antimony, enhancing their exploration potential [9][17][32]
Aventis Energy Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswireยท 2025-06-05 12:00
VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- Aventis Energy Inc. ("Aventis" or the "Company") (CSE: AVE | FRA: C0O0 | OTC: VBAMF) is pleased to announce that it has contracted Axiom Exploration Group Ltd. ("Axiom") to complete a Technical Report (the "Report") in accordance with National Instrument 43-101 on the Corvo Uranium Project ("Corvo" or the "Project") located along the eastern margin of the Athabasca Basin, northern Saskatchewan, Canada. Axiom combines geoscience technology and au ...