Mineral resource estimation
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Koryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-12-12 12:00
Core Insights - Koryx Copper Inc. announced positive assay results from 9 drill holes totaling 4,007 meters as part of its exploration and project development strategy for the Haib Copper Project in Namibia, reinforcing the project's strong fundamentals [2][4][5] Drill Results Summary - The latest drill results confirm consistent copper grades over wide intercepts, with notable intersections including 214 meters at 0.34% Cu and localized higher-grade zones such as 19 meters at 0.64% Cu [4][5] - The drilling program is progressing with 12 active rigs on site, focusing on resource conversion and geotechnical drilling in preparation for the Preliminary Feasibility Study (PFS) [5][28] - Geological modeling and mineral resource estimation are ongoing, with an updated mineral resource estimate expected to be published by the end of January 2026 [25][26] Project Overview - The Haib Copper Project is an advanced-stage, open-pit porphyry copper/molybdenum/gold project, characterized by its world-class geological scale and technical simplicity [3][31] - The current mineral resource includes 511 million tonnes at 0.33% Cu in the Indicated category and 308.9 million tonnes at 0.31% Cu in the Inferred category [33] Future Plans - The company is engaged in completing an updated mineral resource estimate that will incorporate gold and molybdenum by-product credits, enhancing the geological interpretation of the Haib deposit [4][25] - Ongoing engineering and metallurgical studies are being conducted to support the project's development, including assessments of power, water, infrastructure, and transport logistics [5][25]
Core Nickel Corp. Announces Appointment of CFO
Newsfile· 2025-12-08 10:00
Core Points - Core Nickel Corp. has appointed Carmelo Marrelli as the new Chief Financial Officer, effective immediately, following the resignation of Harry Chan [1][3] - The company is in the process of completing a reverse takeover with Arizona Copper and Gold Ltd., which will result in the company being renamed "Arizona Eagle Mining Corp." [3][4] - Upon completion of the transaction, the company will own 100% of ACG's Eagle Project, which includes the historic McCabe Gold Mine, estimated to contain 878,000 ounces of gold and 5 million ounces of silver [4][5] Company Background - Core Nickel is a junior nickel exploration company that controls five projects in the Thompson Nickel Belt in Northern Manitoba, Canada, focusing on discovering economic magmatic nickel-sulphide deposits [7]
Prime Mining Securityholders Approve Transaction with Torex Gold
Globenewswire· 2025-09-29 23:03
Core Points - Prime Mining Corp. has received approval from its securityholders for a plan of arrangement with Torex Gold Resources Inc. where Torex will acquire all issued and outstanding common shares of Prime [1][2] - The special resolution was overwhelmingly supported, with 99.991% of votes cast in favor by Prime's shareholders and related security holders [2] - Shareholders of Torex are not required to vote on the arrangement [3] Regulatory and Closing Details - The closing of the arrangement is anticipated in Q4 2025, subject to securityholder and court approvals, as well as regulatory approvals including those from the TSX and Mexican antitrust laws [4] - A report of the voting results will be available on SEDAR+ [4] Company Overview - Prime Mining is managed by a team of experienced mining executives and capital markets personnel, focusing on the Los Reyes Project [5]
Koryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Globenewswire· 2025-05-26 14:43
Core Insights - Koryx Copper Inc. has announced positive assay results from 12 drill holes as part of its Phase 2 drill program for the Haib Copper Project in Namibia, indicating the project's potential for copper production through conventional methods and heap leaching [2][3][30] Drill Program Progress - The company has completed 29 out of a planned 37 drill holes, totaling 8,647 meters of diamond drilling [4] - Drill results show higher copper grades than the average mineral resource estimate (MRE), with significant intercepts such as 572 meters at 0.33% Cu [4] - Additional drill rigs are expected to arrive soon, which will enhance the drilling rate in the second half of 2025 [3][4] Mineralization Insights - The results indicate a continuous nature of copper mineralization, with several drill holes intersecting grades above the existing resource model [10][11] - Target 2 shows the best mineralization for molybdenum, with multiple high-grade zones extending to the surface [12] - The mineralization in Target 3 extends further south towards Target 4 than previously modeled, indicating potential for increased resource estimates [11] Geological Modeling and Resource Estimation - An updated geological model is being developed to improve mineral resource estimation, incorporating new insights from recent drilling [20] - The company aims to enhance geological domaining and produce a more accurate mineral resource estimate for the Haib project [20] Future Plans - The Phase 2 program is expected to be completed by mid-2025, with the Phase 3 program projected to finish by the end of Q1 2026 [17] - The company plans to drill a total of 28,000 meters by the end of 2025, focusing on higher-grade areas and multi-element assays for byproducts [18][19]
Nova Pacific Metals to Commence 8,500-Metre Phase 1 Drill Program at Lara VMS Project
Newsfile· 2025-04-17 12:30
Core Viewpoint - Nova Pacific Metals Corp. is set to commence its Phase 1 diamond drill program at the Lara VMS Project in early May 2025, aiming to drill a minimum of 39 holes over approximately 8,500 meters [1][3]. Group 1: Project Details - The Phase 1 exploration program is designed to verify historical drilling data along the Coronation Trend and gather additional information for resource estimation activities [2]. - The Lara Project encompasses 19 mineral claims totaling 4,670.74 hectares, located about 70 kilometers northwest of Victoria, British Columbia, featuring a highly prospective geological setting [4]. - The Coronation Trend has been previously tested by 323 diamond drill holes totaling 58,263 meters, with a historical resource estimate of 1,146,700 tonnes at 3.01% Zn, 32.97 g/t Ag, 1.05% Cu, 0.58% Pb, and 1.97 g/t Au [6]. Group 2: Management Insights - The CEO of Nova Pacific emphasized that the initial drilling program is a significant milestone for the Lara VMS Project, aiming to transition the historical resource into a current and valuable deposit [3]. - The company has identified at least six other underexplored mineralized zones on or adjacent to the property, indicating potential for further discoveries [7]. Group 3: Corporate Update - Effective April 16, 2025, Mr. Dal Brynelsen retired from the Board of Directors but will continue to support the company as a member of the Advisory Board [8]. - Nova Pacific is committed to creating shareholder value while maintaining strong community relationships and environmental responsibility [13].