TORONTO, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Copper Road Resources Inc. (TSX-V: CRD) ("Copper Road" or the "Company") is pleased to announce that it has signed a non-binding Letter of Intent (“LOI”) to option 174 cell claims (within 495 provincial grid cells) with a spatial exploration extent of approximately 10,232 hectares (“ha”), including 13 contiguous mining rights only patents for an additional 210 ha to the operational project area. The property includes parts of Ben Nevis, Clifford, Elliott, Arnold an ...

Core Insights - Emerita Resources Corp. has reported ongoing diamond drilling results that significantly expand the El Cura deposit, with the latest drill hole (EC080) extending mineralization by at least 90 meters to the west [1][10] - The company has approved an additional 12,000 meters of drilling to continue the expansion at El Cura, which is part of the wholly-owned Iberian Belt West project [1][13] Drilling Results - Recent highlights from the drilling campaign at El Cura include high-grade intercepts, such as drill hole EC080 which intercepted 4.1 meters grading 3.9% copper, 3.6% lead, 8.5% zinc, 4.08 g/t gold, and 96.39 g/t silver [7][10] - Other notable drill results include EC069 with 3.8 meters grading 1.8% copper, 2.3% lead, 6.2% zinc, 3.60 g/t gold, and 70.24 g/t silver, and EC075 with 3.5 meters grading 0.7% copper, 0.4% lead, 0.7% zinc, 0.67 g/t gold, and 25.09 g/t silver [7][10] Project Overview - The El Cura deposit is part of the Iberian Belt West project, which includes three identified Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura, and La Infanta [1][4] - The drilling is currently targeting the upper, lower, and western extents of the deposit, with all reported holes returning mineralized intercepts, except for one that encountered faulting [9][10] Historical Context - Historical workings at El Cura were limited, with only modest production recorded in 1882, indicating that the deposit remains largely undeveloped and has significant potential for further exploration [11][13] - The company interprets El Cura as an intact deposit, with no surface expression of mineralization in the area currently being drilled, suggesting excellent potential for expansion [11][13] Future Plans - Given the consistent high-grade results and the ongoing expansion of the deposit, Emerita has decided to extend the El Cura drill program by an additional 12,000 meters to further explore the western and deeper portions of the system [13][10]

Core Viewpoint - HM Exploration Corp. has entered into an option agreement to acquire a 100% interest in the Pilley's Island Copper Project, which is located in Newfoundland, Canada, indicating a strategic move to enhance its mineral exploration portfolio [1][20]. Project Overview - The Pilley's Island Project consists of eight mineral licenses covering a total area of 12.25 km² and has a historical mining background dating back to the late 1800s, with approximately 450,000 tonnes of massive pyritic ore produced [3][4]. - The project is road-accessible and located approximately 25 kilometers east of Springdale, with proximity to major infrastructure including the Pine Cove Mill and Port [4][6]. Geological and Mineralization Insights - The project hosts a cluster of Volcanogenic Massive Sulfide (VMS) systems with high-grade intersections of Zn-Pb-Cu-Ag, demonstrating significant mineralization potential [5][6]. - Historical drill results include notable intersections such as 2.74 meters of 6.40% Cu and 11.28 g/t Ag, indicating the presence of substantial copper and silver mineralization [6][19]. Exploration Plans - HM Exploration plans to compile over 100 years of geological data to establish a systematic exploration program, focusing on deeper and along-strike potential that has been largely untested [6][20]. - The company aims to conduct further exploration, particularly at depth and along the strike of identified zones, to unlock the project's full potential [5][6]. Financial Terms of the Agreement - Under the agreement, HM Exploration will issue a total of 6,300,000 common shares at a deemed price of $0.19 per share and incur a minimum of $3,500,000 in exploration expenditures [20][21]. - The project is subject to a 3% net smelter returns royalty, with a buyback option for 2% of the existing royalty for C$1,000,000 [20][21]. Historical Context - The project has a history of exploration and production, with past operations yielding significant ore and indicating the potential for further discoveries [3][9]. - The geological setting of the project is comparable to other known VMS districts in Newfoundland, enhancing its exploration appeal [9].