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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]
Quarterly Activities Report
Globenewswire· 2025-07-30 02:53
Core Viewpoint - Xanadu Mines Ltd is undergoing a significant corporate transaction with Bastion Mining Pty Ltd, which has made an off-market takeover bid for the company, acquiring over 90% of its shares and issuing a Notice of Compulsory Acquisition for the remaining shares [2][16]. Corporate Transaction - The Board of Xanadu recommended the takeover offer from Bastion, which was priced at A$0.08 per share, representing a 57% premium to Xanadu's closing price on 16 May 2025 [6][8]. - Bastion's takeover offer was declared unconditional after it acquired more than 50% of Xanadu shares, and the Board urged shareholders to accept the offer promptly [6][15]. - The exclusivity arrangement with Zijin Mining Group Co. Ltd expired without finalizing a control transaction, leading to renewed discussions with other interested parties [5][6]. Financial Highlights - As of 30 June 2025, Xanadu held A$18.532 million in cash and had 2,291,211,189 fully paid ordinary shares issued [20][18]. - During the quarter, Xanadu raised A$17.2 million through a share subscription agreement with Bastion, which involved the subscription of 286,829,633 shares at A$0.06 each [21][22]. - The company reported net cash used in operating activities of A$2.321 million for the quarter [45]. Project Development - Xanadu's Kharmagtai Copper and Gold Project is expected to be a major mine in Mongolia, with Bastion and Zijin Mining Group set to advance the project towards production [4][5]. - Technical discussions for the Bankable Feasibility Study (BFS) at Kharmagtai continued during the quarter, alongside community and regulatory engagement programs [17]. Shareholder Engagement - The Takeover Board Committee of Xanadu unanimously recommended that shareholders accept Bastion's offer, contingent on the absence of a superior proposal and the Independent Expert's assessment of the offer's fairness [11][15]. - Following the acquisition of over 90% of shares, Bastion issued a Notice of Compulsory Acquisition for the remaining shares, indicating its intent to delist Xanadu from ASX and TSX exchanges [13][16].
Hot Chili Quarterly Report Period Ending June 30, 2025
Prnewswire· 2025-07-29 13:22
Group 1: Exploration and Discovery - The La Verde copper-gold porphyry discovery has expanded significantly, with mineralization confirmed over 1 km in length and up to 750 m in width, remaining open laterally and at depth [6][14][16] - Recent drill results include significant intercepts such as 389 m grading 0.4% Cu and 0.1 g/t Au from 4 m depth (DKP030) and 286 m grading 0.3% Cu and 0.1 g/t Au from 4 m depth (DKP027) [6][20][14] - A phase-two expansion drilling program is planned to further explore higher-grade centers at depth, with regulatory applications for access already submitted [15][16] Group 2: Strategic Developments - The Costa Fuego Copper-Gold Project and Huasco Water Project have been registered for priority status by the Chilean Ministry of Economy, allowing for expedited administrative processes [2][29][31] - The company is advancing a strategic partnering process to secure qualified partners for funding and delivery of the Costa Fuego and Huasco Water projects, with BMO Capital Markets appointed as financial advisor [3][25][24] - New appointments to the board include Mr. Stuart Mathews as Non-Executive Chair and Mr. Alberto Cerda as Project Director, enhancing the leadership team's capabilities [7][34][32] Group 3: Financial Position and Expenditure - As of June 30, 2025, the company reported a cash position of A$5.2 million and expects an additional A$2.0 million from VAT reimbursements [26][27] - The operating expenditure for the quarter included A$3.3 million for exploration and evaluation, with A$1.7 million spent on exploration activities across La Verde and southern landholdings [27][28] - The company is exploring various funding opportunities, including royalties, streaming, and equity funding, to support its projects [28][10] Group 4: Technical Reports and Studies - An independent NI 43-101 technical report for the Costa Fuego Copper-Gold Project has been filed, confirming no material differences from previously announced PFS results [35] - The Pre-Feasibility Study (PFS) indicates that funding of approximately US$1.27 billion will be required to achieve the outcomes indicated, including reaching the Definitive Feasibility Study (DFS) [10][5][4]
Atico Mining Announces Closing of the Fully Subscribed $3.2M LIFE Offering, Raising $6.5M Combined with the Rights Offering
Globenewswire· 2025-07-28 20:29
Core Viewpoint - Atico Mining Corporation successfully closed its LIFE Offering and Rights Offering, raising a total of approximately $6.49 million to strengthen its financial position and advance strategic goals at its El Roble mine and La Plata project [1][2]. Group 1: Offerings Details - The LIFE Offering involved the sale of 29,090,910 units at a subscription price of $0.11 per unit, generating gross proceeds of $3.2 million [1]. - The aggregate gross proceeds from both the LIFE Offering and the Rights Offering amounted to $6,487,572.42 [1]. - Each LIFE Unit consisted of one common share and one transferable warrant, with the warrant exercisable at $0.18 for two years [2]. Group 2: Use of Proceeds - The net proceeds from the Offerings will be allocated to the development of the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [5]. Group 3: Related Party Transactions - Certain officers of the Company acquired a total of 590,001 LIFE Units, classifying the LIFE Offering as a related party transaction [6]. - The LIFE Offering is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 due to specific conditions met [6]. Group 4: Company Overview - Atico Mining Corporation is focused on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata project [9].