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Solis Minerals expands Cucho project in Peru - ICYMI
Proactiveinvestors NA· 2025-10-31 03:39
Core Insights - Solis Minerals Ltd has announced the acquisition of 4,000 hectares of new exploration concessions at its Cucho project in Peru, which is strategically located near other major explorers [1][5] - The company emphasizes the latent potential of both the newly acquired and existing project areas, aiming to strengthen its position for a drilling campaign planned for 2026 [2][6] - Recent updates indicate ongoing progress across its broader portfolio, with drilling at Centro expected to commence in December 2025, pending permit approvals [3][8] Group 1: Acquisition and Strategic Positioning - The new concessions are located northeast of the current project area, in a region that is highly prospective for exploration [1][6] - The acquisition aligns with the company's strategy to maintain an active pipeline across multiple copper-gold assets, enhancing its exploration capabilities [2][5] Group 2: Exploration Progress and Future Plans - The company reported continued progress at its other projects, including El Pollo, Centauro, and West Mid Stage, with a focus on maximizing discovery opportunities for shareholders [3][7] - Funds raised recently will be allocated to support ongoing exploration work, reinforcing the company's commitment to being an active explorer in the copper-gold sector [3][8]
Forte Minerals Secures a Second C$5.7 Million Strategic Investment
Globenewswire· 2025-10-27 12:00
Core Viewpoint - Forte Minerals Corp. has secured a C$5.7 million strategic investment through a non-brokered private placement, which is expected to enhance its exploration portfolio in Peru and strengthen its shareholder base [1][2][5] Investment Overview - The strategic investment involves the issuance of 6,333,333 common shares at C$0.90 per share, with the closing expected on or before November 5, 2025, pending regulatory approvals [1][2] - Proceeds will be allocated to advancing four exploration projects in Peru, as well as for general working capital and corporate purposes [3] - The First Strategic Investor from a previous financing has the right to participate in this round, potentially increasing total gross proceeds to approximately C$6.6 million if they purchase an additional 994,598 shares [4][3] Strengthening Position in Peru - The addition of a second strategic investor highlights the quality of Forte's exploration portfolio and enhances the company's credibility in Peru [5] - The investment supports the company's mission to advance a 19,000-hectare portfolio of copper and gold assets in Peru's mineral-rich regions [5][7] - The partnership is framed as a collaborative effort to unlock new discoveries that will bolster Peru's status in global copper and gold production [7]
Hannan Provides Update on First-Ever Drilling of Back-Arc Porphyry and Epithermal Targets in Peru
Newsfile· 2025-08-25 10:30
Core Insights - Hannan Metals Limited has reported new drilling results from its epithermal gold target at the Belen project in Peru, marking the first-ever drilling of back-arc porphyry and epithermal systems in the area [1][6] Group 1: Drilling Results - At Vista Alegre, three completed drill holes tested IP chargeability/geochemical anomalies but only intercepted peripheral structures, with gold values up to 0.4 g/t Au, indicating surficial enrichment [2][10] - The source of 21 mineralized boulders, with gold grades ranging from 0.15 g/t to 2.72 g/t Au and arsenic levels up to 1,475 ppm, remains undiscovered, suggesting a significant mineralized source nearby [3][11] - The first drill hole at Ricardo Herrera, HDDRH001, has reached a depth of 610 m and intercepted a Cu-Mo porphyry system, with chalcopyrite and molybdenite logged [4][12] Group 2: Future Plans - Following the second hole at Ricardo Herrera, the company plans to drill the 1.2 km long Sortilegio chargeability anomaly within an alkalic porphyry system [5][14] - Vista Alegre has multiple untested high-resistivity targets scheduled for Stage 2 drilling, indicating ongoing exploration efforts [5][11] - The company is focused on advancing its flagship alkaline epithermal gold target, Previsto, with established high-grade channel results and anticipated drill permit approval in Q3 2026 [9][22] Group 3: Project Overview - The Valiente project, covering 1,002 km², is located in central eastern Peru and has evolved from a greenfields prospect to a multi-prospect opportunity since its discovery in 2021 [16][17] - The project area is characterized by steep topography and has identified multiple porphyry and epithermal targets, with ongoing systematic exploration planned [18][19]