Metal Exploration
Search documents
Hayasa Metals Completes 2025 Drilling Program at Urasar; Upcoming Phase 2 2025 Drill Program at Vardenis
Newsfile· 2025-08-06 12:32
Core Insights - Hayasa Metals Inc. has successfully completed its Phase 2 diamond drill program at the Urasar Mineral District in Armenia and is set to commence the 2025 drill campaign at the Vardenis copper-gold project [1][15] Group 1: Urasar Project - A total of 2,040.1 meters were drilled across eleven diamond drill holes during June and July 2025, targeting five prospects along a 15 km-long mineralized corridor [2] - Approximately 400 core samples from drill holes UDD-010 through UDD-016 have been submitted for laboratory analysis, with assay results expected in late September 2025 [2] - The drill program included various exploration holes, with notable mineralization observed in the Golden Vein area [15][16] Group 2: Vardenis Project - The 2025 Vardenis drill campaign is scheduled to begin in mid-August, consisting of eight to ten drill holes totaling a minimum of 3,400 meters [13] - The northern portion of the 94 km² license area will be targeted, which hosts promising molybdenum anomalies and low-resistivity/high chargeability zones identified through previous surveys [13][14] - Drill pad construction is currently underway, with final planning of drill hole locations in progress [14] Group 3: Company Commentary - Dennis Moore, President of Hayasa Metals, expressed optimism regarding the copper sulfide mineralization observed in the Urasar project and highlighted the potential of the Vardenis project to host a Tier-1 porphyry copper-molybdenum deposit [15] - Joel Sutherland, CEO of Hayasa Metals, commended the team's efforts in completing the Urasar program and emphasized the extensive work done with limited resources, including various surveys and sampling [16][17]
Metalero Announces Upsize to Private Placement
Newsfile· 2025-07-30 16:44
Core Viewpoint - Metalero Mining Corp. has increased its offering size from $600,000 to $850,000 due to strong investor demand, indicating positive market interest in the company [1] Group 1: Offering Details - The upsized offering consists of the sale of up to 7,083,333 Units at a price of $0.12 per Unit, each Unit comprising one common share and one common share purchase warrant [1] - Each Warrant allows the holder to purchase one common share for $0.25 in the first year and $0.35 in the second year, valid for up to two years from the closing date [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to advance exploration at the Benson Project in British Columbia, including follow-up work from recent soil sampling and geophysical surveys, as well as general working capital [2] Group 3: Company Background - Metalero Mining Corp. is a Canadian junior exploration company with offices in Vancouver and Edmonton, currently undergoing restructuring, including management changes and a new project focus [4] - The company is part of the Metals Group of Companies, emphasizing technical excellence, robust project selection, and strong corporate governance [5]
Kingfisher Announces Upsize of Brokered Private Placement to $10.6 Million
Newsfile· 2025-05-26 20:37
Core Viewpoint - Kingfisher Metals Corp. is increasing its private placement offering to raise up to $10,590,538 through the issuance of non-flow-through and flow-through units, with the offering expected to close around June 3, 2025 [1][7]. Group 1: Offering Details - The company will issue up to 7,000,000 non-flow-through units at a price of $0.25 each and up to 21,302,500 flow-through units at a price of $0.415 each [1]. - Each non-flow-through unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one common share and one-half of a warrant [2]. - The warrants allow holders to acquire one common share at a price of $0.40 for 36 months, with potential acceleration of expiry if the share price exceeds $0.55 for 20 consecutive trading days [3]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in British Columbia, with a deadline for incurring these expenses set for December 31, 2026 [6]. Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is expected to close on or about June 3, 2025 [7]. - The offered securities will be subject to a four-month hold period under Canadian securities laws following the closing date [7]. Group 4: Company Overview - Kingfisher Metals Corp. is focused on copper-gold exploration in British Columbia's Golden Triangle and has consolidated a significant land position of 849 km² at the HWY 37 Project, along with two gold projects totaling 641 km² [8].