Porphyry Deposit
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Juggernaut Confirms Free Milling Gold on New District Scale Gold Silver Copper Rich Discovery at 100% Controlled Big One Property, Golden Triangle, B.C.
Thenewswire· 2026-02-23 12:45
Core Insights - Juggernaut Exploration Ltd has discovered high-purity free milling gold within gold-mineralized veins at the Big One property in British Columbia, indicating a potential porphyry source for the mineralization [1][6][12] Petrographic Study - A petrographic study by the Colorado School of Mines confirmed that gold occurs as free milling gold up to 150 microns in size, with compositions showing 80-90 wt% gold and 10-20 wt% silver [2][4] - Fluid inclusions observed within the quartz veins indicate high-pressure generation of fluids, supporting a magmatic origin [4][6] Exploration Potential - The Big One property is part of a district-scale system covering 22 km, with grab samples showing assays up to 263.70 g/t AuEq, indicating significant gold potential [7] - The Gold Swarm Discovery area has strong gold potential with samples assaying up to 231.81 g/t AuEq, remaining open for further exploration [8] - 41% of samples collected within the Eldorado System assayed 1 g/t AuEq, highlighting the mineralization's extent [9] Geochemical and Geological Context - The overall geochemistry of the mineralized veins is clean, with no deleterious elements such as mercury or arsenic detected [11] - The mineralization is linked to a Jurassic to Cretaceous transpressional system, suggesting a common buried porphyry source at depth [12] Future Plans - The company has received a 5-year drill permit valid until March 31, 2031, to further define the extent of mineralization and prepare for future resource estimation [13] - A fully-funded 10,000 m maiden drill program is scheduled to start in May 2026, targeting the largest gold-rich veins on the surface [6][12] Accessibility and Support - The Big One property can be accessed year-round via helicopter, with government support for infrastructure improvements [14] - The exploration qualifies for the Critical Mineral Exploration Tax Credit (CMETC), enhancing its economic viability [15] Company Overview - Juggernaut Exploration Ltd is focused on precious metals projects in the Golden Triangle of British Columbia, known for its favorable geological settings [16]
Andina Copper Reports 620 m @ 0.45% Cu, 79 ppm Mo from 62 m, including 146 m @ 0.76% Cu, 107 ppm Mo
Thenewswire· 2026-02-17 11:00
Core Insights - Andina Copper Corporation has reported significant drill intercepts from its Cobrasco copper-molybdenum project in Chocó, Colombia, highlighting the potential for a globally significant deposit [1][3]. Drill Results - Drillhole CDH004 has shown wide intercepts of copper-molybdenum mineralization, with results including 620 m at 0.46% Cu and 79 ppm Mo, and notable inclusions of higher grades [2][25]. - The drillhole CDH003 previously reported 352 m at 0.68% Cu and 112 ppm Mo, indicating strong mineralization in the area [2][25]. Geological Observations - The geological composition of CDH004 includes multiple phases of mineralized rhyolite and porphyry, with the strongest copper grades found in intensely fractured magmatic-hydrothermal breccias [8][9]. - Anomalous gold mineralization of up to 1.06 g/t was also noted, suggesting a possible gold-rich intrusive phase within the Cobrasco system [4]. Future Exploration Plans - The company plans to mobilize a second drill rig to expedite exploration and evaluation, with ongoing step-out drilling aimed at expanding the mineralized footprint [3]. - Drillhole CDH005 is currently underway, targeting the southern extensions of the mineralized system, with results expected shortly [4][17]. Company Overview - Andina Copper Corporation is focused on copper exploration in South America, holding significant discoveries along the Andean porphyry belt in Argentina and Colombia, as well as a copper-gold target in Chile [27].
Kincora Copper: Positive Drilling Results at Two Northern Junee-Narromine Belt Projects
Newsfile· 2025-08-26 11:00
Core Insights - Kincora Copper Limited has reported positive drilling results from its exploration programs at two projects in the Northern Junee-Narromine Belt, indicating a large, mineralized system with significant geological potential [1][3][4] Project Updates - The Nevertire South project is in the early stages of drilling, with initial results showing a large, multi-phase volcanic and intrusive complex, suggesting a highly prospective system [3][4] - Ongoing large-scale step-out drilling aims to identify a targeted porphyry deposit, with plans for near-term geophysical programs to refine the next phase of drilling [4][5] - The Nyngan project has successfully completed its first phase of scout drilling, identifying multiple mineralized volcanic-intrusive complexes, significantly expanding the search area [5][7] Drilling Details - The initial drilling program at the Nyngan project involved 19 scout holes totaling 7,345.4 meters, confirming the presence of new Macquarie Arc composite volcanic and intrusive complexes [15][16] - Drilling at the Nevertire Magmatic Complex is ongoing, with an initial seven-hole program planned for approximately 2,150 meters, targeting a greater than 8 km northern strike [9][11] - Initial observations from the Nevertire project reaffirm its status as the most advanced and geologically prospective porphyry project in the covered extensions of the Macquarie Arc [11][12] Geological Findings - Drilling results have shown favorable lithologies and alteration consistent with porphyry copper and epithermal gold potential, with significant mineralization observed at shallow depths [7][18] - The Nyngan project has returned encouraging results from a ground gravity survey, leading to the identification of new targets for follow-up drilling [17][19] Strategic Partnerships - Kincora is managing exploration programs under earn-in and joint venture agreements with AngloGold Ashanti, which has the right to invest up to A$100 million across five projects within Kincora's NJNB portfolio [7][21][38] - The partnership with AngloGold Ashanti is part of a broader trend of significant corporate activity in the Macquarie Arc, which has seen over A$16 billion in M&A for producing porphyry assets [35][38] Financial and Corporate Developments - Kincora has secured over C$4 million in a non-brokered private placement to support its exploration activities and corporate restructuring [47][48] - The company aims to leverage its extensive project portfolio and partner funding to position itself as a leading institutional-grade explorer in the Australian and Canadian markets [51][52]
Mundoro Commences the 2025 Summer Drill Program at Borsko with BHP
Newsfile· 2025-06-23 12:21
Core Viewpoint - Mundoro Capital Inc. has commenced its summer drill program at the Borsko Project in Serbia, which is part of an option earn-in agreement with BHP in the Central Timok Magmatic Complex [1][2]. Group 1: Project Details - The Borsko Project spans approximately 40 square kilometers and is strategically located west of the established Bor Mine, within a highly prospective structural corridor of the Timok Magmatic Complex [2][3]. - Exploration has identified several key targets, including Target 1, which is a well-preserved alteration lithocap measuring approximately 1.6 km by 1 km, indicative of a nearby porphyry system [2]. - A new geophysical anomaly, the Borsko NW Target, has been identified and will be the focus of an initial 1,000-meter drill hole, with drilling expected to conclude in Q3-2025 [2]. Group 2: Regional Context - The Timok region is a well-known mining district with over a century of mining operations, hosting approximately 4 billion tonnes in porphyry systems across five known mines [3]. - The Timok Magmatic Complex contains some of the largest copper-gold porphyry deposits in the western Tethyan Belt, including notable mines such as Cukaru-Peki and the Bor Mining Complex [3]. Group 3: Company Overview - Mundoro Capital Inc. is publicly listed on the TSX-V in Canada and OTCQB in the USA, focusing on a portfolio of mineral properties primarily targeting base and precious metals [6]. - The company's strategy includes generating near-term cash payments and creating royalties from mineral properties optioned to partners, with a current focus on copper in Eastern Europe and the southwest USA [6].