Haywood Securities has initiated coverage of Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) with a ‘Buy’ rating and a target price of C$3, pointing to the company’s exploration assets in Zambia and upcoming project milestones as the primary drivers of its valuation. The firm said its target price is based on a 0.97x multiple of its net asset value (NAV) estimate. While noting that Midnight Sun’s projects are at an early exploration stage and do not yet have defined resources or mine plans, Haywood outlin ...

Core Insights - Tribeca Resources Corporation has commenced fieldwork on the Jiguata property in northern Chile following a 5-year purchase option agreement and a C$6.5 million financing [1][2] - The company aims to build a comprehensive geological, geochemical, and geophysical picture of the Jiguata property, with plans to identify compelling drill targets for testing in 2026 [2][11] Jiguata Property Overview - The Jiguata property spans 10,000 hectares and is located in the Tarapacá region, part of the Eocene-Oligocene porphyry copper belt, approximately 120 km from major copper-molybdenum deposits [3][12] - Existing geological mapping and geochemical data have outlined several drill targets, with further fieldwork planned to detail additional targets [4][5] Exploration Activities - Field teams are engaged in geological mapping and systematic soil and rock sampling to create a multielement geochemistry database [5][8] - Global Ore Discovery Pty Ltd has been contracted to provide expert guidance on exploration and drill targeting, leveraging their extensive experience in porphyry and epithermal deposits [6][7] Data Acquisition and Analysis - Ground magnetic surveying is scheduled to begin in December, covering the majority of the property area [9][10] - A reprocessing of historic induced polarization (IP) geophysical data has been completed, enhancing the understanding of significant chargeability anomalies [10][11] La Higuera IOCG Project - The La Higuera project includes multiple copper-gold targets, with drilling planned at the Chirsposo Sur Target in Q1 2026 [14][15] - Previous drilling at the Gaby target has shown significant mineralization, with a notable intersection of 268m at 0.66% Cu [14][15] Future Plans - The data acquisition from ongoing field activities is expected to continue until March 2026, with drill testing of targets anticipated in Q2 or Q3 of 2026 [11][11] - The company is focused on building a portfolio of mid to advanced-stage copper exploration projects in Chile [20][21]

Highlights: Multiple targets identified and confirmed for drill testing at Luanshya West.Successful drone magnetic survey, in-fill and extension of soil sampling, and pitting programs completed at Luanshya West.First pass regional surface geochemical sampling completed over Mpongwe License. Drill program planned for early 2026 to test targets at Luanshya West. VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Koryx Copper Inc. (“Koryx” or the “Company”) (TSX-V: KRY) is pleased to provide updat ...

Core Viewpoint - Dixie Gold Inc. has successfully leveraged recent divestment proceeds to significantly expand its Soo East Copper Project, more than doubling its scale and enhancing its claim position in an emerging copper exploration area near Sault Ste. Marie, Ontario [1][2]. Project Expansion - The Soo East Copper Project has expanded from 137 mining claims covering approximately 3,013 hectares to 316 mining claims covering approximately 6,948 hectares [3]. - The additional mining claims were acquired on a royalty-free basis, providing the company with increased project-level flexibility [3]. Acquisition and Market Context - Dixie Gold's management has completed surface rights notices related to the expansion area, which is a customary procedure for such acquisitions [4]. - QcX Gold Corp. has recently acquired mining claims adjacent to Dixie Gold's project for over 1.5 million dollars, indicating strong market interest in the region [6][7]. Historical Context and Exploration Potential - The initial project area acquisition was informed by a high-grade copper discovery at a nearby project, which has generated significant market interest [8][9]. - Historical exploration information from the 1960s indicates that the area was of interest to major mining companies, highlighting the exploration potential of the Soo East Copper Project [11][14]. Ongoing Development - Dixie Gold has begun work to develop prioritized exploration targets within the project area since acquiring the original position [10]. - The company is awaiting the release of pending assays from Sterling Metals, which are expected to provide further insights into the region's potential [15].

Core Insights - Mogotes Metals is focused on discovering the next major copper find in the Andes, positioning itself next to the largest copper discovery in 30 years [1] - The company has invested $20 million over three years in systematic exploration, identifying multiple high-potential targets [1] - Drilling has commenced, with results anticipated throughout the season [1] Company Overview - Mogotes Metals is listed on the TSX Venture Exchange under the ticker MOG [1] - The company is based in Vancouver, British Columbia [1] Industry Context - The Andes region is known for its rich mineral deposits, particularly copper, making it a strategic area for exploration and investment [1]

Company Overview - Novo Resources Corp is focused on discovering standalone gold and copper projects with > 1 Moz Au (equivalent) development potential[16, 18] - The company has a diversified portfolio of exploration and development assets across leading mining provinces in Australia[16] - Novo has a strong balance sheet with approximately A$11 million in cash and A$37 million in investments[28, 99] Financials and Shareholder Structure - Novo's market capitalization is A$58 million with an enterprise value of A$46 million[28] - Top shareholders include Northern Star Ltd (100%), Liatam Mining Pty Ltd (62%), and IMC (Singapore) (57%)[28] - The company holds a portfolio of marketable securities valued at A$37 million, including shares in San Cristobal Mining Inc (A$21 million), Elementum 3D (A$14 million), Kalamazoo Resources (A$2 million), and Kali Metals (A$01 million)[29] Project Highlights - **John Bull Gold Project (NSW):** Features a 15 km long gold in soil anomaly with samples reporting > 45 g/t Au[43] - **Tibooburra Gold Project (NSW):** Historic drill results include 16 m @ 1389 g/t Au from 1 m[49] - **Belltopper Gold Project (Victoria):** Exploration Target range of 320 koz to 570 koz Au[62] - **Teichman Project (Pilbara):** Rock-chip assay results include 775 g/t Au, 93 g/t Ag, and 024% Cu at Pride NNE[73] - **Sherlock Crossing (Pilbara):** Scout RC drilling returned peak results of 3 m @ 296 g/t Au and 186% Sb from 108 m[80] Market Context - The gold spot price recently hit all-time highs of US$4,000 and is currently trading ~US$3,985[27] - Since the start of 2024, the gold price has increased by ~94% and the copper price has increased by ~28%[27]

Core Viewpoint - Andina Copper Corporation has received conditional approval to list its common shares on the TSX Venture Exchange, marking a significant milestone for the company as it seeks to enhance recognition of its copper and copper-gold exploration portfolio [1][2]. Company Developments - The common shares will continue trading under the symbol "ANDC" upon listing on the TSXV, and the company plans to delist its shares from the Canadian Securities Exchange [2]. - The company is currently conducting exploration at the Cobrasco project and is preparing for the 2025/26 field season at the Piuquenes porphyry copper-gold project in San Juan, Argentina, which will include geophysics and further drilling [2]. - Results from a recently completed surface sampling program at the Mantau copper-gold project in Antofagasta, Chile, are expected soon [2]. Company Profile - Andina Copper Corporation, formerly known as Pampa Metals Corporation, is focused on copper exploration in South America and is listed on multiple exchanges including the Canadian Stock Exchange, Frankfurt, and OTC [3][4]. - The company holds two significant discoveries in the Andean porphyry belt located in Argentina and Colombia, as well as an undrilled copper-gold target in the Coastal Cordillera of Chile [4].

Core Insights - Solis Minerals Limited has applied for additional exploration concessions surrounding the Cucho Copper Project in Peru, expanding its footprint in a significant copper district [2][6]. Company Developments - The CEO of Solis Minerals, Mitch Thomas, emphasized that the application for additional concessions is a strategic move to strengthen the company's position in a world-class copper district, with active participation from major players like Fortescue, Element 29, and Vale [3][6]. - The company is currently drilling at Ilo Este and has plans to commence drilling at Cinto in December 2025, Cucho in Q2 2026, and Canyon in Q3 2026 [3][20]. Exploration Activities - Solis Minerals has submitted applications for 4,000 hectares of exploration concessions adjacent to Cucho, enhancing access to additional exploration acreage [6]. - The company is progressing with permitting and drill planning for Cucho, with approximately 20 drill pads planned to target high-priority geophysical and geochemical anomalies [11][12]. - The Ficha Técnica Ambiental (FTA) permitting process has begun, expected to take about five to six months, with active engagement with local stakeholders to ensure timely approvals [12]. Geological Insights - Detailed geological modeling is being advanced using historical surface and drilling data to refine the understanding of mineralization controls and identify prospective zones for resource definition drilling [13]. - The exploration program aims to accelerate Cucho towards a potential maiden JORC resource estimate in 2026 [13]. Regional Context - The Cucho Project is strategically located near other significant copper projects, including Elida, which has an inferred resource of 321 million tonnes at 0.32% Cu, 0.03% Mo, and 2.61 g/t Ag [7][10]. - Vale's Umami project and Alpayana S.A.'s Antarumi project are also in proximity, indicating a competitive exploration environment in the region [8][9].

Core Insights - Belmont Resources Inc. has initiated a comprehensive core relogging and resampling program at its Crackingstone Uranium Project in Saskatchewan, marking a significant advancement in its exploration efforts within the uranium and rare-earth-rich Beaverlodge Domain [1][2] Exploration Program - The relogging and analytical work is being conducted by Axiom Exploration Group Ltd., focusing on the historic 2008 drill campaign which included 20 holes totaling 3,029.4 meters, with 44% of the core recovered for analysis [3][4] - The program aims to obtain detailed geochemical information, refine lithological classification, and evaluate the potential for rare earth element (REE) mineralization, thereby introducing dual-commodity exposure [5][6] Strategic Partnerships - Recent site visits by Belmont management and HMS Bergbau AG representatives, including Consulting Geologist Dr. Thomas Unterweissacher, highlight the strategic input from HMS, a major shareholder, emphasizing European interest in uranium and critical minerals in stable jurisdictions like Canada [7] Project Potential - The Crackingstone property is strategically located near Saskatchewan's uranium-rich Athabasca Basin, benefiting from excellent infrastructure and the potential for significant uranium resources, with historic grab sample grades of up to 15.6% U₃O₈ [9][12] - Belmont has submitted a permit application for a comprehensive drilling program consisting of 40 drill holes totaling 10,000 meters, reflecting confidence in the property's potential [12] Other Projects - Belmont is also exploring the Come By Chance property in British Columbia, which is characterized as a compelling porphyry-CRD system under active exploration [10]

Core Insights - Camino Minerals Corporation is set to commence a drilling campaign at its Los Chapitos copper project in Peru, which has been identified as one of the top 15 priority exploration projects by Peru's Ministry of Energy and Mines [1][12]. Company Update - The drilling campaign will focus on discovering new copper-silver deposits in undrilled targets such as Mirador, Piloto, Maqui, and Sombrero Blanco, as well as extending known mineralization in previously drilled zones like Adriana, Lourdes, and Katty (Enjambre) [1][4]. - The project is a collaboration with Nittetsu Mining Co., Ltd., which is earning a 35% interest through a total investment of CDN$10 million [3]. - Recent trenching results have shown significant copper and silver values across various targets, with notable intersections such as 129m at 0.98% Cu and 20.59 ppm Ag at Mirador [4]. Drilling Campaign Details - The drilling program is scheduled to begin in the first week of November 2025, starting with approximately 9 drill holes totaling 1,200 meters, with plans to expand to over 3,000 meters following a subsequent investment tranche from Nittetsu [7][10]. - The drilling targets are located along the Diva and La Estancia trends, where previous exploration has indicated high-grade copper potential [8][9]. Strategic Importance - Los Chapitos has been recognized by the Peruvian government as part of the national "Perú Explora" initiative aimed at advancing strategic mineral exploration [5][12]. - The project benefits from strategic location advantages, including road access and proximity to the Pacific coast, which are crucial for future development [10]. Future Plans - Camino is also advancing its construction-ready Puquios copper project in Chile, indicating a broader strategy to develop multiple copper assets [3][14].