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Prismo Metals to Increase Hot Breccia Interest to 95%, Secures Option for Full Control
Thenewswire· 2026-01-09 08:30
Core Viewpoint - Prismo Metals Inc. has entered an agreement to increase its interest in the Hot Breccia copper project from 75% to 95%, with an option to acquire the remaining 5%, enhancing its strategic flexibility and funding capabilities for future drilling [1][2]. Group 1: Transaction Details - Prismo will pay CA $185,000 to acquire an additional 20% interest in the Hot Breccia project and assume obligations to issue shares valued at approximately CA $54,000 to Walnut Mines LLC [2]. - The transaction is expected to close around January 16th, 2025, and will be funded through a third party, preserving the company's working capital for other projects [2]. Group 2: Project Significance - The Hot Breccia project is located in Arizona's Copper Belt, which contains several significant porphyry copper deposits, indicating a promising exploration environment [3]. - Historical drilling has shown high-grade copper mineralization at depths of 640 to 830 meters, suggesting the potential for a large mineralized system [4][6]. Group 3: Exploration Potential - Prismo's exploration model is supported by historical drilling results, geophysical surveys, and a recent AI study, identifying an anomalous target area measuring 1,100 meters by 1,150 meters [5]. - The project area shares geological features with notable deposits like BHP-Rio Tinto's Resolution copper deposit, enhancing its exploration appeal [6]. Group 4: Historical Context - Previous drilling by a Rio Tinto subsidiary intersected high-grade mineralization, with notable intercepts including 23 meters at 0.54% Cu and 18 meters at 1.4% Cu [6]. - The mineralization is associated with altered Paleozoic carbonate rocks, similar to those hosting high-grade copper at nearby mines [8].
Drill program begins at Solis' Cinto in Peru - ICYMI
Proactiveinvestors NA· 2025-12-12 06:55
Core Insights - Solis Minerals Ltd has received final exploration permitting to commence drilling at its 100%-owned Cinto copper project in southern Peru, with 17 drill pads approved and equipment mobilization underway [1][6]. Project Overview - The Cinto project is located in a highly prospective copper belt adjacent to Southern Copper's Toquepala operation and Anglo American's Quellaveco project, along the Incapuquio fault zone known for major copper discoveries [2][8]. - The company plans to drill approximately 2,500 metres in the initial program, targeting three porphyry anomalies identified through recent geophysical work [2][9]. Preparatory Work - The drilling follows two years of preparatory work, including surface geophysics, geochemistry, and IP surveys, with initial updates expected before year-end and potential assay results anticipated from January 2026 [3][10]. Future Updates - The company expects to provide updates on drilling commencement and mobilization before the end of the year, with assay results from other assets expected in the coming days [11].
Solis secures drilling permits for Cinto copper project in southern Peru
Yahoo Finance· 2025-12-09 11:43
Core Insights - Solis Minerals has obtained drilling permits for its Cinto copper project in southern Peru, allowing the company to initiate a diamond drilling campaign focused on geochemical and geophysical targets [1][3] Group 1: Project Details - The Cinto copper project is strategically located 15 km from Southern Copper's Toquepala mine and 38 km from Anglo American's Quellaveco mine, which produces over 300,000 tonnes of copper annually [2] - The project is situated within the Cenozoic porphyry belt and along the Incapuquio fault zone, a significant geological structure linked to major copper deposits in the region [2] Group 2: Operational Plans - Mobilization of the drill rig and preparation of the drill pad are set to commence this month, indicating a proactive approach to exploration [3] - The CEO of Solis Minerals expressed enthusiasm about the drilling permits, highlighting the project's mineralized footprint and its proximity to major copper mines and infrastructure [3] Group 3: Company Strategy - Solis Minerals aims to unlock the potential of its South American copper assets and is actively working to expand its copper portfolio within Peru's coastal belt [3]
Andina Copper Corporation (ANDC) Opens the Market
Newsfile· 2025-11-27 15:48
Company Overview - Andina Copper Corporation is a South America focused copper explorer listed on multiple exchanges including TSX Venture Exchange (TSXV: ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) [2] - The company is actively engaged in projects located in Argentina, Colombia, and Chile [2] Strategic Focus - The company's strategy involves acquiring copper projects that have compelling scale and grade, with a focus on adding value through rapid exploration [3] - Andina Copper Corporation is currently working on two significant discoveries along the world's premier copper producing belt, as well as an undrilled copper-gold target [3] Key Projects - The Piuquenes project is identified as a high-grade copper-gold porphyry located along the San Juan, Argentina Miocene belt [4] - Cobrasco is a new copper-moly porphyry discovery located in Chocó, Colombia [4] - Mantau is an undrilled copper-gold target situated in the Tier 1 address of Antofagasta, Chile [4]
Aston Bay and American West Metals Announce New >4-Kilometre Copper Anomaly Identified at the Storm Project, Nunavut, Canada
Accessnewswire· 2025-11-17 12:00
Core Insights - A new copper anomaly measuring 4.1 km by 0.7 km has been discovered, named the Chevron Prospect [1] - The geological features of the Chevron Prospect are similar to those of known copper deposits in the Storm area, indicating a high potential for significant copper discovery [1] Summary by Categories Discovery - The regional soil geochemistry program has identified a strong copper anomaly, highlighting a significant exploration opportunity [1] Geological Features - The Chevron Prospect exhibits a geochemical signature and structural trend akin to existing copper deposits in the Storm area, reinforcing its status as a high-priority target for exploration [1]
Prismo Metals Provided Extensions on Hot Breccia Copper Project
Thenewswire· 2025-11-05 08:30
Core Insights - Prismo Metals Inc. has received an extension from Walnut Mines LLC for certain milestone obligations related to the Hot Breccia Project, providing the company with additional flexibility to assess strategic alternatives and prepare for drilling [1][2][3] Company Developments - The milestone date for completing exploration expenditures of $1,750,000 has been extended from January 31, 2026, to January 31, 2027 [2] - The milestone date for completing exploration expenditures of $2,000,000 has been extended from January 31, 2027, to January 31, 2028 [2] - The final cash payment of $275,000 to Walnut Mines LLC has been extended from January 31, 2026, to July 31, 2026 [2] Project Overview - The Hot Breccia Project is located in Arizona's Copper Belt, an area known for significant porphyry copper deposits [3][11] - Historical drilling in the 1970s by a Rio Tinto subsidiary intersected high-grade copper mineralization at depths of 640 to 830 meters [6][9] - The project area has geological features similar to BHP-Rio Tinto's Resolution copper deposit, which is considered one of the greatest copper discoveries in North America [8] Exploration Potential - Prismo's mineralization model is supported by historical drilling results, geophysical surveys, and an AI study, identifying an anomalous target area measuring 1,100 meters by 1,150 meters [7] - Historical drill holes have shown high-grade skarn mineralization, with notable intersections including 23 meters with 0.54% Cu at 640 meters depth [9] - The project consists of 1,420 hectares in 227 contiguous mining claims, featuring porphyry dikes and breccia pipes with copper-mineralized rock fragments [11][12]
Tribeca Resources signs option agreement for Jiguata Copper acquisition
Yahoo Finance· 2025-10-30 10:07
Core Insights - Tribeca Resources has signed a definitive option agreement to acquire a 100% interest in the Jiguata Porphyry Copper property in northern Chile, covering an area of 10,000 hectares [1] - The acquisition will be completed over a five-year period, with staged cash payments totaling $100,000 (C$139,443) within the first two years and a minimum of 3,000 meters of drilling required [3] Property Details - The Jiguata property features a large epithermal and interpreted porphyry alteration system within the Chilean Eocene-Oligocene Belt, partially covered by younger Miocene rocks [2] - The site is accessible via the paved Collahuasi road and has nearby infrastructure, with an exploration target defined measuring approximately 5km by 3km, including two near drill-ready targets [2] Company Strategy - Tribeca Resources plans to conduct pre-drilling work at Jiguata concurrently with additional drilling at its flagship La Higuera property [3] - The CEO of Tribeca Resources expressed enthusiasm about the acquisition, highlighting the company's preparations to commence fieldwork at Jiguata in the coming weeks [4] - The next 12 months are expected to be a period of high activity for Tribeca, with drilling planned at both the La Higuera and Jiguata properties, positioning the company to capitalize on growing interest in quality copper exploration [5]
Tribeca Resources Signs Definitive Option Agreement to Acquire the Jiguata Porphyry Copper Property in Northern Chile
Thenewswire· 2025-10-29 11:00
Core Viewpoint - Tribeca Resources Corporation has entered into a definitive option agreement to acquire a 100% interest in the Jiguata Porphyry Copper property in northern Chile, with plans for significant exploration activities over the next year [1][2]. Option Agreement Details - The option agreement spans 5 years, allowing Tribeca to acquire the Jiguata Property, which covers 10,000 hectares [1][5]. - An initial payment of US$25,000 has been made, with an additional reimbursement of approximately US$44,000 for the 2025 license fee [2][4]. - Total cash payments and work commitments are structured over the five years, with specific milestones including: - Year 1: US$75,000 - Year 2: US$125,000 and a minimum of 3,000 meters of drilling - Year 3: US$175,000 - Year 5: US$14,450,000 if the purchase option is exercised [3][4]. Exploration Potential - The Jiguata Property is located in a region known for significant copper deposits, near major mines such as Collahuasi and Quebrada Blanca [2][5]. - The property features a large exploration target zone of 5km x 3km, with two near drill-ready targets identified through soil sampling and geological mapping [3][6]. - Pre-drilling activities will include historic mapping, surface sampling, and additional geophysics [7]. Strategic Positioning - The acquisition of the Jiguata Property expands Tribeca's portfolio to three high-potential copper projects in Chile, enhancing its ability to capitalize on the growing interest in copper exploration [2][3]. - The company plans to conduct drilling at both the Jiguata and its flagship La Higuera Property in the coming months, indicating a period of high activity [2][3].
Andina Copper Appoints Project Manager For Cobrasco
Thenewswire· 2025-10-01 11:30
Core Viewpoint - Andina Copper Corporation has appointed Wilson Escobar as Project Manager for the Cobrasco Copper Project in Chocó, Colombia, highlighting the company's commitment to advancing its copper exploration efforts [1][3]. Company Overview - Andina Copper Corporation is a South America-focused copper explorer listed on the Canadian Stock Exchange (CSE: ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges, with projects in Argentina, Colombia, and Chile [6]. Key Appointments - Wilson Escobar, a Colombian geologist with over 25 years of experience in mineral exploration and mine operations, has been appointed as Project Manager [2][3]. - Escobar's previous roles include senior exploration positions at Vale, Anglo American, and South32, showcasing his extensive industry experience [2]. Project Development - The Cobrasco Copper Project is described as a company-making asset, with a focus on defining the size and grade potential of the initial discovery at Cobrasco Central and advancing other targets along the Eocene porphyry belt [4]. - Following the acquisition of Cobrasco and a successful financing round in July 2025, the company has quickly built a local team and recommenced field exploration [4]. Exploration Activities - Surface exploration is currently underway at Cobrasco, with preparations for the 2025/26 field season at the Piuquenes copper-gold project in San Juan, Argentina, where geophysics and new drilling are planned [5]. - Results from a recent surface sampling program at the Mantau copper-gold project in Antofagasta, Chile, are expected soon [5].
Andina Copper Initiates Field Evaluation Of Mantau Copper Project, Chile
Thenewswire· 2025-08-18 12:30
Core Insights - Andina Copper Corporation has initiated field assessments at the Mantau copper-gold target in northern Chile, which is strategically located near significant copper discoveries [2][4][8] Project Highlights - The Mantau project covers a 4,500ha tenement in a premier mining jurisdiction, with historical copper workings indicating potential for stratabound and Iron Oxide Copper Gold (IOCG) mineralization [3] - Previous surface rock chip sampling has shown grades of up to 28.6% copper and 5.91g/t gold, highlighting the area's mineral potential [3] - The project is in close proximity to Marimaca Copper's recent Pampa Medina sulphide copper discovery and other notable projects, enhancing its attractiveness [3][4] Work Program - Andina has begun a comprehensive review of historical work and is conducting reconnaissance mapping and rock chip sampling to assess historical occurrences and alteration zones [3] - A detailed geochemical orientation survey is being prepared to optimize future sampling techniques, alongside drone-based aerial photogrammetry [3] - The company is evaluating cost-effective geophysical techniques, including magnetics surveys and methods like Induced Polarisation (IP) and Audio-Magnetotelluric (AMT) for further exploration [3] Corporate Strategy - The President & CEO expressed excitement about the Mantau project, emphasizing its strategic location among numerous copper mines and recent discoveries [4][6] - The company is entering a period of intensive field activities and plans to pursue a dual listing on the TSX-V and ASX, indicating growth ambitions [6][8]