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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
Thenewswire· 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].
Aventis Energy Announces Exploration Plans at its Corvo Uranium Project
Globenewswire· 2025-06-09 12:00
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Aventis Energy Inc. ("Aventis" or the "Company") (CSE: AVE | FRA: C0O0 | OTC: VBAMF), is pleased to provide a summary of 2025 exploration programs planned on its Corvo Uranium Project (the "Corvo Property", or the "Project"). Highlights: Mandeep Parmar, Interim Chief Executive Officer & Director of the Company, commented, "Recently obtained data from the Project gathered via a TDEM survey will significantly heighten the Company's technical under ...
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]
Aventis Energy Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project
Globenewswire· 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 ...
Great Pacific Gold Intersects 7.0 m of 10.3 g/t Au Eq. at Wild Dog
Newsfile· 2025-06-05 11:30
Core Insights - Great Pacific Gold Corp. is actively exploring the Wild Dog Project in Papua New Guinea, with a focus on high-priority targets within a 3km strike length [1][2] - The current drill program involves approximately 2,500 meters of diamond drilling across 16 planned holes, with a strong conductivity trend identified over 15km [2] Drilling Program Update - The Phase 1 drill program has commenced, with the first results indicating the intersection of high-grade copper-gold hydrothermal breccia [4][5] - The company has completed three drill holes, with a fourth hole currently in progress [5] - Drill hole WDG-02 intercepted 7.0 meters at 10.3 g/t AuEq, including 2.0 meters at 14.3 g/t AuEq [7][10] Geological Insights - WDG-02 targeted sulphide mineralization beneath the historic Central Oxide Pit, previously mined for high-grade oxide gold [7] - The geology of WDG-02 includes weathered andesite, lapilli tuff, and hydrothermal breccia, with significant mineralization observed [12][13] Technical Improvements - The company has refined its drilling techniques, leading to improved core recovery rates in subsequent holes [8][9] - Core recovery for WDG-02 was reported at 83%, with ongoing improvements noted in WDG-03 and WDG-04 [19] Future Plans - The company anticipates a steady flow of news from the drilling program as it systematically tests about 10% of the overall 15km Wild Dog structural corridor [4] - Further drilling is planned to follow up on the main Wild Dog vein structure, with WDG-04 currently underway [7][8]
Aya Gold & Silver Reports High-Grade Exploration Results at Boumadine, Extends Imariren Zone to 0.7km and Adds 4 New Regional Permits
Globenewswire· 2025-06-05 11:00
| DDH No. | Section | Zone | From | To | Au | Ag | Length* | Cu | Pb | Zn | Mo | Ag Eq** | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (m) | (m) | (g/t) | (g/t) | (m) | (%) | (%) | (%) | (g/t) | (g/t) | High-Grade Intercepts on the Boumadine Main Trend: BOU-DD25-516 intercepted 5,373 grams per tonne ("g/t") silver equivalent ("AgEq") over 0.5m (66.7 g/t gold ("Au"), 111 g/t silver ("Ag"), 1.6% zinc ("Zn"), 1.0% lead ("Pb") and 0.1% copper ("Cu") and 114 g/t AgEq o ...
Midnight Sun Announces Kazhiba Target 2 Drilling Underway
Newsfile· 2025-06-05 10:30
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Midnight Sun Mining Corp. (TSXV: MMA) (OTC Pink: MDNGF) ("Midnight Sun" or the "Company") is pleased to report that diamond drilling is underway at the Kazhiba Target 2 sulphide copper target on the Company's Solwezi Project in Zambia. Midnight Sun's President & CEO, Al Fabbro, states "Kazhiba Target 2 represents an exciting opportunity to reach a major new milestone for Midnight Sun. By utilizing a phased sequence of exploration methods, we ha ...
Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
Globenewswire· 2025-06-04 18:14
Core Viewpoint - Almadex Minerals Ltd. has acquired a 100% interest in the Ruby Hill early-stage exploration project in central Nevada, identified through its regional exploration program in the western USA [1] Group 1: Project Details - The Ruby Hill project features significant areas of argillic alteration and silicification within rhyolite volcanics, with historic mine workings indicating previous exploration efforts [2] - Preliminary sampling results are promising, with 12 out of 59 grab rock samples returning over 25 g/t silver, and 7 samples exceeding 100 g/t silver, with a maximum of 992 g/t silver and an average of 45 g/t silver [2] - Gold values are also notable, with 17 samples returning over 0.1 g/t gold, peaking at 0.94 g/t gold and averaging 0.10 g/t gold across all samples [2] Group 2: Geophysical Survey and Future Plans - A geophysical survey identified a significant chargeability anomaly, interpreted as a potential zone of alteration and sulphide development extending to depth [3] - The company plans follow-up prospecting, sampling, and geological mapping to target future drilling efforts based on the high IP chargeability area [3][4] Group 3: Company Overview - Almadex Minerals Ltd. holds a diverse mineral portfolio across Canada, the U.S., and Mexico, supported by in-house exploration capabilities and drilling equipment [8] - The company emphasizes its experience in porphyry lithocap exploration and aims to advance its projects in 2025, expecting it to be a significant year for growth [4][8]
T2 Metals Reports Results from the Third Drill Program at the Sherridon VMS Project, Manitoba Includes High Grade Gold and Silver Intersection Grading 7.2 g/t Au, and 145.5 g/t Ag
Newsfile· 2025-06-04 12:00
Core Insights - T2 Metals Corp. announced results from its Q1 2025 drill program at the Sherridon VMS project, highlighting high-grade gold and silver intersections, including 7.2 g/t Au and 145.5 g/t Ag [2][4][6] Group 1: Drill Program Overview - The Q1 2025 drill program consisted of four holes totaling 1,120 meters, targeting a strike length exceeding 800 meters east of the Bob Lake Historical Resource [3] - The drilling focused on untested geophysical targets rather than areas with past mining or historical resources, aiming to reduce environmental impact [5][12] Group 2: Significant Findings - Drillhole SHN25021 intersected a new zone of high-grade precious metal mineralization, similar to previous findings at the Lost Lake prospect, indicating potential for further exploration [4][8][11] - Drillhole SHN25022 targeted hanging wall Cu-Zn mineralization adjacent to the Bob Lake Historical Mineral Resource, intersecting semi-massive sulfide mineralization [9] Group 3: Future Exploration Plans - The company plans to continue exploring the Sherridon project for Snow Lake-style gold targets, emphasizing the potential for high-grade Au-Ag mineralization [11][30] - Geophysical surveys are currently suspended due to fire-related evacuation orders, but will resume to provide additional information on high-merit targets [13]
South Pacific Metals Announces Appointment of Timo Jauristo as Strategic Advisor
Newsfile· 2025-06-04 11:30
Core Viewpoint - South Pacific Metals Corp. has appointed Mr. Timo Jauristo as a Strategic Advisor, bringing over 40 years of mining industry experience to the company, which is crucial as it enters a significant exploration phase [1][2][3] Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea, with a land package of 3,100 km² and four key projects [4][6] - The company is strategically located near major producers such as K92 Mining and PanAust, enhancing its exploration potential [7] Leadership and Experience - Mr. Timo Jauristo has a notable background, having served as Executive Vice President of Corporate Development at Goldcorp Inc. and held senior roles at Placer Dome and other major mining companies [2] - His extensive experience in global exploration and project development is expected to benefit South Pacific Metals as it advances its projects [2][3] Strategic Initiatives - The company is focusing on its Osena and Anga Gold-Copper Projects, which are located in the Kainantu Gold District, known for high-grade mineralization [3][7] - Mr. Jauristo's involvement is seen as a key factor in unlocking the potential of these assets [3] Share Options - Mr. Jauristo has been granted 500,000 share options at a price of C$0.50 per share, exercisable for five years, with a vesting schedule over three years [3]