Copper and Gold Mining
Search documents
NorthWest Announces Significant Intercept of 36.0 Metres Grading 0.80% Copper and 3.21g/T Gold (3.67% CuEq) at Kwanika From 285 Metres
Globenewswire· 2025-11-12 11:45
Core Viewpoint - NorthWest Copper Corp. has reported exceptional assay results from its Kwanika project, particularly from drill hole K-25-280, which intersected high-grade copper-gold zones, indicating strong potential for enhanced economic assessments in future evaluations [1][2]. Drill Results - Drill hole K-25-280 intersected significant mineralization, including 36 metres grading 0.80% Cu and 3.21 g/t Au (3.67% CuEq) in the Central Zone, marking the best result of the 2025 drilling program to date [1][3]. - The Pit Zone showed 66 metres of 0.48% Cu and 0.16 g/t Au (0.64% CuEq), with notable intervals including 30 metres of 0.55% Cu and 0.22 g/t Au (0.77% CuEq) [3][12]. Exploration Program - The 2025 drilling program encompasses 6,435 metres aimed at defining higher-grade zones, focusing on underground targets with grades 150% - 250% higher than those in the 2023 Preliminary Economic Assessment (PEA) [4][6]. - Results from the first four holes have met or exceeded expectations, suggesting potential improvements in the economics of the 2023 PEA [4][7]. Geological Insights - The Central Zone has shown a combined true width estimate of 52 metres with grades exceeding the targeted range of 1.5-2.5 times the current underground mineral resource [5][14]. - The exploration has revealed consistent metal zonation, with higher gold grades towards the western limit of the Central Zone, which may enhance the project's potential [5][14]. Future Outlook - The company anticipates releasing additional results from the remaining fourteen holes in the coming weeks, which could further validate the exploration strategy and enhance resource estimates [4][7]. - Metallurgical test work results are expected soon, aimed at improving copper and gold recoveries, which could strengthen the next PEA scheduled for mid-2026 [2][4].
Lion Copper and Gold Corp. Closes Oversubscribed US$2.7 Million Convertible Debenture Financing
Newsfile· 2025-11-07 01:44
Core Points - Lion Copper and Gold Corp. has successfully closed a non-brokered private placement of secured convertible debentures, raising gross proceeds of US$2,700,000 [1][2] Group 1: Debenture Financing Details - The debentures carry an interest rate of 12% per annum and will mature 12 months from issuance [2] - The principal amount can be converted into common shares at a price of US$0.0965 per share until November 6, 2026 [2] - The proceeds will be used for purchasing lands and associated mineral rights for projects in the Yerington area, with repayment secured against these assets [2] Group 2: Warrants Issued - For every US$0.0965 of principal amount subscribed, one detachable warrant was issued, totaling 27,979,274 warrants [3] - Each warrant allows the holder to acquire a common share at US$0.0965 until November 6, 2030 [3] Group 3: Related Party Transaction - An insider, Tony Alford, participated in the financing with a principal amount of US$1,400,000, constituting a related party transaction [4] - The company is relying on exemptions from formal valuation requirements as the securities issued do not exceed 25% of its market capitalization [4] Group 4: Shareholding Changes - Prior to the financing, Mr. Alford owned approximately 30.94% of the company's common shares [7] - After the financing, if all securities are exercised or converted, his ownership could increase to approximately 46.36% on a partially diluted basis [8] Group 5: Regulatory Compliance - All securities issued are subject to a four-month statutory hold period, expiring on March 7, 2026 [5] - The securities have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption [6] Group 6: Company Overview - Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada, through an agreement with Nuton LLC, a Rio Tinto Venture [11]
NorthWest Intersects 27.7 Metres of 1.23% Copper and 1.53g/t Gold (2.63% CuEq) at Kwanika Starting at 198 Metres
Globenewswire· 2025-11-06 17:07
Core Insights - NorthWest Copper Corp. announced positive assay results from the third drill hole of its 2025 expanded diamond drilling program at the Kwanika project, indicating significant copper-gold mineralization and suggesting that the 2023 Preliminary Economic Assessment (PEA) may underestimate the project's economic potential [1][6][24] Drilling Results - Drill hole K-25-271 intersected multiple copper-gold zones, including a notable intercept of 27.7 metres grading 1.23% Cu and 1.53 g/t Au (2.63% CuEq) within the Central Zone [1][4] - The results from the drilling program have met or exceeded expectations, confirming the presence of higher-grade mineralization [2][6] - The hole also filled a 100-metre gap in mineralization between the Pit and Central Zones and extended the Western Zone down-dip beyond initial expectations [3][4] Mineralization Insights - The current drill program aims to define higher-grade zones targeting grades of approximately 1.5-2.5 times those in the 2023 PEA [4][6] - The results indicate that mineralization remains open both laterally and at depth, suggesting potential for further expansion [3][4] Future Plans - The company plans to release results from the remaining fifteen holes in the expanded 6,435 metre drill program over the coming weeks [5] - The CEO expressed optimism about the quality and growth potential of the higher-grade zones, with an updated mineral resource and new PEA expected in 2026 [6][24] Technical Aspects - The drilling was designed to validate and expand the understanding of structural controls on higher-grade copper-gold mineralization within the Target Model [9][24] - The assay results were analyzed using a combination of methods to ensure accuracy and precision, complying with global quality standards [18][20]
ATEX Resources Announces Closing of Upsized Bought Deal Financing for Gross Proceeds of C$110 Million
Globenewswire· 2025-11-06 15:17
Core Points - ATEX Resources Inc. has successfully closed an upsized bought deal financing of 42,262,500 units at a price of C$2.60 per unit, raising approximately C$110 million in gross proceeds [1][2] - The proceeds will be allocated for exploration and development of the Valeriano Project, as well as for general working capital purposes [2] - The offering was underwritten by BMO Capital Markets and Desjardins Capital Markets, with a cash fee of C$3,844,425, representing 5.00% of the gross proceeds [3] Financial Details - Each unit consists of one common share and one warrant, allowing the holder to acquire an additional common share at C$4.00 per share until November 6, 2029 [2] - Insiders of ATEX subscribed for a total of 9,500,000 units, which is considered a related party transaction [5] - The offering is subject to final acceptance by the TSX Venture Exchange and the securities issued will have a hold period of four months and one day [4] Project Overview - The Valeriano Project is located in the Atacama Region of Chile, within a mineral belt that includes several notable copper-gold porphyry deposits [7] - The project hosts a significant mineral resource, with an indicated resource of 475 million tonnes at 0.88% CuEq and an inferred resource of 1,511 million tonnes at 0.75% CuEq [7]
Ero Announces Result of Year-Long Value-Creation Initiative at Xavantina, Commences First Gold Concentrate Sales in Q4 2025
Globenewswire· 2025-11-04 12:00
Core Insights - Ero Copper Corp. has announced the results of a year-long initiative to enhance value from its Xavantina Operations in Brazil, including an updated mineral reserve and resource estimate [1][3][5] Group 1: Operational Highlights - The company has successfully mechanized the Xavantina Operations and initiated gold concentrate sales, achieving significant milestones in 2025 [3][5] - Initial shipments of approximately 3,000 tonnes of gold concentrate were completed in October 2025, with expectations to increase shipments to 10,000 to 15,000 tonnes during Q4 2025 [5] - The company has entered into sales contracts for gold concentrate volumes with net payability expected between 90% and 95% based on various factors [5] Group 2: Mineral Reserve and Resource Estimates - The 2025 mineral reserve and resource estimates for the Xavantina Operations include approximately 29,000 ounces of inferred mineral resources in high-grade gold concentrate [5][6] - Total measured and indicated resources now amount to 664,000 ounces, with an inferred resource of 365,000 ounces [5][6] - The mineral reserve estimates are based on a gold price of $2,100 per ounce and an exchange rate of USD/BRL 5.50 [9][12] Group 3: Future Plans and Exploration - The company is conducting additional sampling campaigns to quantify remaining gold concentrate density and grade, with plans to complete this over the next 12 to 18 months [5] - Ongoing exploration efforts are extending the known limits of mineralization within the mine, supporting a planned expansion of underground operations [5][12]
ATEX Announces Filing of Technical Report for Valeriano Project on Updated Mineral Resource Estimate
Newsfile· 2025-11-03 23:12
Core Viewpoint - ATEX Resources Inc. has filed an independent technical report detailing an updated mineral resource estimate for its Valeriano copper-gold project in Chile, highlighting significant resources and ongoing exploration potential [1][19]. Summary by Sections Technical Report and Resource Estimate - The Technical Report, effective November 3, 2025, complies with National Instrument 43-101 standards [1]. - The updated mineral resource estimate includes an Indicated Resource of 475 million tonnes at 0.88% copper equivalent and an Inferred Resource of 1,511 million tonnes at 0.75% copper equivalent, both at a cut-off grade of 0.35% Cu [5][19]. High-Grade Resource and Drilling Results - The B2B Zone has an Indicated Resource of 28.4 million tonnes at 1.36% CuEq and an Inferred Resource of 2.6 million tonnes at 1.05% CuEq, indicating high-grade components are open for expansion [5]. - Recent drilling results from the Phase VI program reported record grades, with one hole intersecting 164 meters of 2.72% CuEq, including sections of 86 meters at 3.77% CuEq and 40 meters at 4.73% CuEq [5][6]. Exploration Potential - The ongoing Phase VI drilling program, with six diamond drill rigs active, aims to further define the high-grade B2B Zone, which has the potential to significantly expand the volume of high-grade mineralization at Valeriano [6][19]. - The project has over 500,000 ounces of Inferred gold oxide material at surface, presenting future exploration and upside potential [5]. Cost Efficiency - The project boasts low discovery costs of $0.0049 per pound of copper, indicating a cost-effective exploration environment [5].
What Do Analysts Think About Western Copper and Gold Corporation (WRN)?
Yahoo Finance· 2025-10-31 03:29
Core Viewpoint - Western Copper and Gold Corporation (NYSE:WRN) is identified as a promising investment opportunity under $5, with analysts projecting significant upside potential for the stock [1][2]. Analyst Ratings and Price Targets - Stifel analyst Ralph Profiti raised the price target for WRN to C$6 from C$5.50 while maintaining a Buy rating on October 21 [1]. - H.C. Wainwright analyst Heiko Ihle also maintained a Buy rating and increased the price target to $4.25 from $4.00 on October 7, highlighting the company's Casino Project as a key factor [2]. Project Milestones and Financial Position - The submission of the Environmental and Socio-economic Effects (ESE) Statement to the Yukon Environmental and Socio-economic Assessment Board (YESAB) is noted as a significant milestone in the permitting process for the Casino Project [2][3]. - The submission includes comprehensive environmental management measures, which are expected to act as a catalyst for the company's progress [3]. - Western Copper and Gold Corporation is reported to have substantial cash reserves and a strong financial position, contributing to the positive outlook on the stock [3]. Company Overview - Western Copper and Gold Corporation is characterized as an exploration-stage company focused on the exploration, acquisition, and future development of mineral resource properties [4].
Prospect Ridge to Launch 2,000 Metre Diamond Drill Program at 100% Owned Camelot Copper-Gold Project in B.C.'S Cariboo Mining District
Accessnewswire· 2025-10-30 13:20
Core Points - The company has finalized priority drill targets for a 2,000 m diamond drill program at its Camelot copper-gold porphyry project [1] - Drilling is scheduled to commence on November 1, 2025 [1] - The Camelot project is located in British Columbia's Cariboo Mining District, known for its mineral wealth [1]
Troilus Wins "Entrepreneur of the Year” Award From the Québec Mineral Exploration Association, Recognizing Leadership in Advancing One of Canada’s Largest Copper-Gold Projects
The Manila Times· 2025-10-30 11:24
MONTREAL, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) ("Troilus” or the "Company”) is honoured to announce it has been awarded the "Entrepreneur of the Year” distinction by the Québec Mineral Exploration Association ("QMEA”) at the Association’s annual Xplor 2025 convention and Recognition Gala held in Montréal last night. The award celebrates companies that have demonstrated exceptional progress, vision and leadership in advancing a Quebec mineral project. Troil ...
Copper Quest To Acquire 100% Interest in the Kitimat Copper-Gold Project
Globenewswire· 2025-10-30 07:01
VANCOUVER, British Columbia, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Copper Quest Exploration Inc. (CSE: CQX; OTCQB: IMIMF; FRA: 3MX) (“Copper Quest” or the “Company”) is pleased to announce that it has entered into a definitive agreement to acquire a 100% interest in the Kitimat Copper-Gold Project (the “Project”), located approximately 10 kilometers northwest of the deep-water port community of Kitimat, British Columbia. PROJECT OVERVIEW The Kitimat Copper-Gold Project covers approximately 2,954 hectares within ...