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Drilling Underway at Pacific Ridge's Kliyul Copper-Gold Project
Newsfile· 2025-08-27 11:00
Core Viewpoint - Pacific Ridge Exploration Ltd. has commenced drilling at its 100% owned Kliyul copper-gold project in British Columbia, aiming to expand its mineral resource estimate and enhance the project's potential [1][3]. Company Overview - Pacific Ridge Exploration Ltd. is focused on becoming a leading copper exploration company in British Columbia, with Kliyul as its flagship project [13]. - The company has invested over $14 million and drilled more than 19,000 meters at Kliyul since 2020 [12]. Project Details - The Kliyul project is located in the Quesnel terrane, covering over 90 km² and is near existing infrastructure [12]. - The current drilling program is planned for 2,500 meters, targeting infill and resource expansion at the Kliyul Main Zone (KMZ) [5]. - KMZ hosts an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent (CuEq), which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver [5][9]. Mineral Resource Estimate - The effective date of the mineral resource estimate is July 31, 2025, and it follows the Canadian Institute of Mining standards [12]. - The mineralization at KMZ remains open for expansion beyond the current resource reporting shell [5][12]. - The best drilling results from previous years include significant intervals of CuEq, indicating strong mineralization potential [18]. Drilling Results - The drilling results from 2021 to 2023 show increasing mineralized extents, with the best results indicating high-grade intervals [18]. - The last hole of the 2023 drilling program returned a significant mineralized interval, suggesting a potential higher-grade porphyry center at KMZ [18].
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]
Drilling Update at Pacific Ridge's RDP Copper-Gold Project
Newsfile· 2025-08-25 11:00
Core Viewpoint - Pacific Ridge Exploration Ltd. is advancing its drilling program at the RDP copper-gold project, which has shown promising mineralization results, particularly at the Day target, indicating potential for further exploration and resource development [1][3]. Drilling Results - The 2022 drilling at RDP yielded significant results, with drill hole RDP-22-005 intersecting 107.2 m of 1.39% copper equivalent (CuEq) or 2.06 g/t gold equivalent (AuEq), including 0.63% copper, 1.10 g/t gold, and 2.91 g/t silver [2]. - The ongoing 2025 drill program aims to confirm the geometry of the porphyry Cu-Au-Ag mineralization at the Day target, which is believed to be hosted in a tabular body [5]. Recent Drilling Activities - The first drill hole of the 2025 program, RDP-25-010, encountered a stockwork of quartz-magnetite-sulphide veins and was terminated after intersecting a late mineral intrusive [6]. - RDP-25-011, drilled from the same location, extended mineralization to the north of RDP-22-005 by at least 50 m, confirming the presence of strong quartz-magnetite sulphide veining and chalcopyrite-borne mineralization [7]. - RDP-25-012 and RDP-25-013 were drilled to test the interpreted tabular porphyry Cu-Au mineralization geometry, confirming the concept of a tabular geometry with copper-sulphide mineralization extending to a vertical depth of 500 m [9]. Company Overview - Pacific Ridge aims to become a leading copper exploration company in British Columbia, with its flagship project being the Kliyul copper-gold project, alongside other projects including RDP, Chuchi, Onjo, and Redton [13].
Pacific Empire Reports Re-Assay Results up to 1.57m @ 0.93% Cu & 1.06 g/t Au, Updates Exploration Plan and Launches LiDAR Survey at Trident Copper-Gold Project
Newsfile· 2025-08-13 11:30
Core Insights - Pacific Empire Minerals Corp. reported re-assay results from historical drillhole 2008-01 at its Trident property, showing significant copper and gold values, including 1.57 metres grading 0.93% Cu and 1.06 g/t Au [1][3] - The company has initiated a high-resolution LiDAR survey to enhance drill pad planning for its 2025 diamond drill program [1][8] Re-Assay Results - The re-assay of historical drillhole 2008-01 returned significant mineralization, supporting the interpretation of a substantial copper-gold system at Trident [2][3] - Multiple samples from the re-assay returned elevated copper and gold values, indicating potential for higher-grade zones [5][6] LiDAR Survey - The LiDAR survey will provide accurate elevation and topographic data, aiding in the precise planning of drill pad locations and access routes [8][9] - This technology allows for detailed surface feature identification, which is critical for optimizing exploration efforts [9] Corporate Update - Pacific Empire has engaged Hillside Consulting and Media Inc. to enhance its marketing and investor relations efforts, with a focus on increasing public presence and investor engagement [10][12] - The engagement will last for up to four weeks, with a total payment of CAD 100,000 for the services [12] About Trident - The Trident property is an early exploration stage site with significant potential for copper-gold-silver mineralization, covering 6,618 hectares and accessible by vehicle [13][20] - Historical exploration has indicated the presence of mineralized porphyry dikes, which are associated with higher-grade mineralization [17]
Callinex to Change Name to Visionary Copper and Gold Mines Inc.
Globenewswire· 2025-08-11 12:30
Company Overview - Callinex Mines Inc. plans to change its name to "Visionary Copper and Gold Mines Inc." to better reflect its commitment to sustainable mining and value creation through the discovery and development of copper and gold mines in Canada [1][2] - The new stock symbol is anticipated to be "VCG," with the name change expected to occur in early September 2025 [3] Shareholder Information - Existing shareholders will not need to exchange their share certificates, and the name change will not affect the company's share structure or shareholder rights [4] Mineral Resource Highlights - The company has a portfolio that includes the Point Leamington Deposit, which has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq [5] - The Inferred Mineral Resource at Point Leamington is 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [5] - The Rainbow deposit at the Pine Bay Project has an Indicated Mineral Resource of 3.44 million tonnes grading 3.59% CuEq, totaling 272.4 million pounds CuEq [5] - The Nash Creek Project has a pre-tax IRR of 34.1% and an NPV8% of $230 million at a zinc price of $1.25 [5]
NorthWest Closes Second Tranche of Flow Through Financing and Completes Hard Dollar Placement
Globenewswire· 2025-08-11 11:00
Core Viewpoint - NorthWest Copper Corp has successfully closed the second tranche of its upsized non-brokered critical mineral flow-through private placement financing, raising a total of $3.2 million out of a targeted $3.5 million, which will support its exploration and metallurgical test work programs at Kwanika for 2025 [1][2]. Financing Details - The second tranche of the flow-through (FT) offering closed with subscriptions of 2,917,666 units at a price of $0.225 per unit, generating gross proceeds of $0.65 million [2]. - Each FT unit consists of one flow-through common share and one half of a non-transferable common share purchase warrant, with the warrants exercisable at $0.34 until August 8, 2027 [2]. - The hard dollar (HD) offering raised $0.475 million through the sale of 2,375,000 units at $0.20 per unit, with similar warrant terms [3]. Use of Proceeds - Proceeds from the FT offering will be allocated for exploration at Kwanika Central and the nearby Transfer Target [2]. - Funds from the HD offering will be utilized for general corporate purposes [3]. Tax Implications - The FT shares qualify as "flow-through shares" under Canadian tax law, with proceeds earmarked for eligible resource exploration expenses [4]. Advisory and Fees - Canaccord Genuity Corp continues to serve as the financial advisor for the FT offering, with cash finder's fees of $39,088 and additional compensation shares and warrants issued to eligible finders [5]. Company Overview - NorthWest Copper is focused on copper and gold exploration and development in British Columbia, with a portfolio that includes advanced and early-stage projects [8]. - The company aims to engage in responsible mineral exploration, collaborating with First Nations to ensure sustainable practices [8].
FireFly Metals (MNXM.F) 2025 Earnings Call Presentation
2025-08-06 05:20
ASX | TSX FFM High Grade Copper and Gold For personal use only Significant and immediate growth through the drill bit • Building world-class scale – Already 1Mt of contained copper and 550koz of gold (24.4Mt for 460kt Cu and 200koz Au contained in M&I plus 34.5Mt for 690kt Cu and 350koz Au contained in Inferred) • Rapid Growth – 8 drill rigs turning • Dominant Position – A major copper and gold mineral district • Exceptional infrastructure – operational underground, shaft, processing plant, deep water port, ...
Atico Produces 2.16 Million Pounds of Cu and 2,385 Ounces of Au in Second Quarter 2025
GlobeNewswire News Room· 2025-08-05 20:30
Core Insights - Atico Mining Corporation reported its operating results for Q2 2025, highlighting production figures from the El Roble mine, which included 2.16 million pounds of copper and 2,385 ounces of gold in concentrates [1][2] Production Performance - The El Roble mine showed improvements in gold grades and output compared to Q1 2025, with expectations for gradual production improvements in the latter half of the year due to access to newly discovered high-grade ore zones [2] - Q2 2025 production figures indicated a decrease of 42% in copper production (2,155 thousand pounds) and a decrease of 17% in gold production (2,385 ounces) compared to Q2 2024 [5][8] - The average tonnes of ore mined decreased by 14% to 60,633 tonnes, while tonnes processed decreased by 13% to 62,007 tonnes [5][8] - The copper head grade was reported at 1.74%, a decrease of 33% from the previous year, while the gold head grade increased by 6% to 2.08 grams per tonne [5][8] Recovery Rates - Copper recovery remained stable at 91.2%, while gold recovery decreased by 11% to 57.6% compared to Q2 2024 [5][8] Management Changes - Jorge Ganoza transitioned from his full-time role as Vice President of Operations and Projects effective August 1, 2025, but will continue as a director and advisor to the company [3][4] Mine Overview - The El Roble mine is a high-grade underground copper and gold mine located in Colombia, with a nominal processing capacity of 1,000 tonnes per day [9] - As of March 12, 2024, the mine's reserves estimate includes 828 thousand tonnes averaging 2.49% copper and 2.20 grams per tonne gold, with a projected life of mine until Q1 2027 [10] Exploration Potential - The company is actively exploring the larger land package around El Roble, identifying prospective areas for VMS type mineralization, which is the focus of the current surface drill program [11]
Carnaby Resources (CNB) 2025 Earnings Call Presentation
2025-08-05 07:40
Corporate Structure and Financials - Carnaby Resources has 228.4 million shares on issue[13] - The share price is $0.39, resulting in a market capitalization of $89 million[13] - The company's cash position is $15.8 million[13] - Top 20 shareholders hold 42.5% of the shares, while the board and management hold 9.4%[13] Greater Duchess Copper Gold Project - Consolidated Greater Duchess resources increased by 27% to 27.0Mt @ 1.5% CuEq for 400,000t CuEq[23] - The Trekelano acquisition adds 5.2Mt @ 1.6% CuEq, containing 85kt CuEq (1.4% Cu, 0.4g/t Au)[24] Trekelano Resource Highlights - Inheritance has a JORC 2012 Mineral Resource Estimate of 2.9Mt @ 1.5% CuEq, containing 43kt CuEq (1.3% Cu, 0.3g/t Au)[28] - The Historical Underground Mine has a JORC 2012 Mineral Resource Estimate of 1.5Mt @ 2.0% CuEq, containing 29kt CuEq (1.7% Cu, 0.5g/t Au)[37] Project Development and Economics - The scoping study results (excluding Trekelano) show a 9-year production target of 7.5Mt @ 1.9% CuEq, containing 140kt CuEq[58] - The estimated pre-tax NPV7% is $437 million, with an undiscounted pre-tax net cash flow of $715 million and an estimated pre-tax IRR of 141%[58] - The estimated pre-production Capex is approximately A$35 million[63]
Environmental Approval and Strong Metallurgical Results Put FireFly Metals Ltd's Green Bay On Clear Pathway to Production
Newsfile· 2025-08-05 00:43
Core Insights - FireFly Metals Ltd has secured environmental approvals and is progressing towards an upscaled production restart at its Green Bay project, which is recognized as one of the most advanced copper-gold projects in Canada [1][6][7] Metallurgical Results - The metallurgical tests conducted on 1.5 tons of bulk samples from the Ming Mine yielded exceptional recoveries of over 98% for copper and over 85% for gold, indicating the mineralization is amenable to low-cost processing [3][10][11] - The current Mineral Resource Estimate contains 550,000 ounces of gold, which is significant for future cash flow [3][11] - The results will inform the design and economic models for upcoming studies, including a Scoping Study expected in Q1 2026 [3][7][16] Project Development - Environmental approvals for the processing plant have been secured, and construction permitting is underway, with initial site preparation scheduled for late 2025 [6][15][16] - The company is planning a staged resumption of mining operations with a processing facility capable of handling up to 1.8 million tons per annum [15][16] - Eight drilling rigs are currently operational to expand and upgrade the Mineral Resource [4][6] Economic Studies - Economic studies are ongoing, including mine design, scheduling, and power analysis, with a Scoping Study set for completion in March 2026 [3][7][16] - The company has engaged key consultants for economic evaluations and is on track to complete the necessary studies [16][17] Financial Position - FireFly Metals Ltd is well-funded, with cash, receivables, and liquid investments totaling A$145 million as of June 30, 2025, following a successful capital raising [12][30]