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Nova Pacific Drills 11 m @ 1.8 g/t AuEq at Lara VMS Project on Vancouver Island, B.C. with 29 Holes Pending
Newsfile· 2025-07-15 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported positive early results from its exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating potential expansion of mineralization and alignment with the company's exploration model [1][3]. Group 1: Exploration Results - The company has completed 41 drill holes totaling 8,660 meters in its Phase 1 drill program, with results from 7 holes reported and 29 remaining [4][7]. - Drillhole NP25-005 intersected significant mineralization, including 11 meters grading 1.8 g/t AuEq and 4.3% ZnEq from 135 meters downhole [7][26]. - The results from the reported drillholes support the exploration model and are consistent with historical drilling data, providing validation for the historical dataset [11][13]. Group 2: Future Plans - Nova Pacific is targeting a current mineral resource estimate for Q4 2025, based on the verification of historical drilling data through its Phase 1 exploration program [13][21]. - The company is also evaluating additional high-priority targets within the 17-kilometer VMS belt on Vancouver Island, which remains underexplored despite favorable geology [14][15]. Group 3: Technical and Quality Assurance - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring adherence to industry-standard quality assurance and quality control practices [17]. - The company has engaged Mineit Consulting Inc. to prepare an updated technical report for the Lara Project, under the supervision of qualified professionals [13][18].
Koryx Copper Receives Additional Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-07-07 13:26
Core Insights - Koryx Copper Inc. announced positive assay results from six drill holes totaling 1,808 meters as part of its Phase 2 drill program for the Haib Copper Project in Namibia, indicating higher copper grades than the average mineral resource estimate [2][4][25] - The company is encouraged by the geological findings, which suggest the presence of additional higher-grade mineralization in previously unrecognized structures, potentially enhancing the overall mineral resource estimate [3][12] Drilling Results - The Phase 2 drill program has completed six diamond drill holes, with results showing significant copper intersections, including 88 meters at 0.41% Cu and 228 meters at 0.34% Cu [4][14] - The drilling has confirmed the extension of higher-grade mineralization in various targets, with notable results from holes HM68, HM69, HM70, HM71, HM73, and HM74 [5][9][10] Geological Understanding - The geological mapping and core relogging efforts, supported by an international consultant, have improved the understanding of the mineralization at Haib, highlighting structural controls that may serve as excellent drill targets [10][12] - The mapping has confirmed the presence of northeast-dipping shear zones associated with higher-grade copper mineralization, which were previously unrecognized [11][12] Future Plans - Koryx plans to mobilize additional man-portable drill rigs to facilitate drilling in challenging terrain, with expectations to complete a total of 28,000 meters of drilling in 2025 [17][18][19] - The company remains confident in its ability to meet its drilling targets and advance the Haib Copper Project towards further development [19] Project Overview - The Haib Copper Project is an advanced-stage copper/molybdenum/gold project with a current mineral resource of 414 million tonnes at 0.35% Cu in the Indicated category and 345 million tonnes at 0.33% Cu in the Inferred category [25][26] - The project aims to establish a long-life, low-cost open-pit copper operation, with potential for additional copper production through heap leaching [24][25]