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Galway Metals Announces Final Option Payment for Royalty Buy Back at Its Clarence Stream Property
Globenewswire· 2025-07-12 02:44
Group 1 - Galway Metals Inc. intends to settle the final payment of $125,000 in cash and issue 974,026 common shares at a deemed price of $0.385 per share, totaling $375,000 [1][2] - The company previously agreed to buy back a 2% net smelter returns royalty for a total purchase price of $3,000,000, to be paid in six equal annual installments of $500,000 [2] - The first partial payment was settled in 2020 through the issuance of 434,783 shares at a deemed price of $1.15 per share [2] Group 2 - Galway Metals is focused on creating significant per share value through the exploration and sustainable development of its two 100%-owned projects in Canada [3] - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada with a large, high-grade gold resource [3] - The Estrades project is a former high-grade gold and zinc-rich polymetallic VMS mine located in western Quebec [3]
Condor Resources boosts drilling funds with Soledad sale – ICYMI
Proactiveinvestors NA· 2025-07-11 20:12
Core Viewpoint - Condor Resources Inc. has signed a Letter of Intent to sell its Soledad project for $3 million over three years, which will support drilling activities at Huiñac Punta [1][2]. Group 1: Sale of Soledad Project - The sale of the Soledad project will generate $3 million over a three-year period, including an upfront payment to facilitate drilling [1][2]. - The Soledad project contains nearly 2% copper equivalent in lens-type formations and breccia pipes, making it an attractive asset for the buyer [3]. Group 2: Focus on Other Projects - The funds from the sale will allow the company to advance its other projects, specifically Huiñac Punta and Pucamayo [2][4]. - Huiñac Punta is fully permitted, and the company plans to use the proceeds from the sale to initiate drilling activities there [4]. - Pucamayo is awaiting approval for its high-sulfidation epithermal gold target, with ongoing efforts to expedite the process [4]. Group 3: Future Outlook - The company anticipates an exciting few months ahead, with expected developments from Teck Resources Ltd regarding Cobreorco, alongside news from its own projects [4].
Intrepid Metals Intersects 216.50m of 0.71% Copper Starting 29m from Surface at Corral Copper in Arizona
Newsfile· 2025-07-10 11:00
Core Insights - Intrepid Metals Corp. has reported significant assay results from its ongoing drill program at the Corral Copper Property in Arizona, indicating the potential for a substantial copper asset in a promising district [3][4][22] Exploration Results - The latest drilling results from holes CC25_029 and CC25_030 show 216.50 meters of 0.71% Copper, 0.28 gpt Gold, and 5.14 gpt Silver, with a Copper Equivalent of 0.85% [6][7] - Notable intervals within Hole CC25_029 include: - 49.10m of 1.84% Cu, 0.78 gpt Au, and 11.41 gpt Ag (2.20% CuEq) - 23.05m of 3.31% Cu, 1.31 gpt Au, and 16.65 gpt Ag (3.77% CuEq) - 10.25m of 5.94% Cu, 2.20 gpt Au, and 25.50 gpt Ag (6.51% CuEq) [6][7][17] - Hole CC25_030 reported 98.20m of 0.35% Cu, 0.43 gpt Au, and 4.75 gpt Ag (0.70% CuEq) [13][17] Geological Context - The Corral Copper Property features mineralization concentrated in northeast dipping sedimentary rocks, with the most intense mineralization occurring in the Abrigo Limestone and Bolsa Quartzite [8][9] - The Ringo Zone, part of the Corral Property, is characterized by favorable geological formations and has shown signs of a transition toward copper-gold porphyry-style systems, enhancing its potential as a bulk-minable target [4][10] Company Strategy - Intrepid Metals aims to leverage historical data and modern exploration techniques to advance the Corral Copper Property towards development studies [25][26] - The company has a comprehensive exploration strategy that includes ongoing drilling, surface geological mapping, and sampling to validate historical data and identify mineralized porphyry centers [9][23][24]
LUCA DRILLS 15 METRES OF 5.4 g/t GOLD AND 8.4% ZINC AT CAMPO MORADO
Prnewswire· 2025-07-07 12:00
Core Insights - Luca Mining Corp. has announced positive analytical results from its ongoing exploration drill program at the Campo Morado Polymetallic VMS mine in Guerrero State, Mexico, marking the first substantive exploration since 2014 [1][2][14] Exploration Program - The current exploration program includes a total of 5,000 meters of underground drilling and 2,500 meters of surface drilling, aimed at expanding and defining mineral resources at the Reforma and El Rey deposits [1][15] - The surface drillhole CM-RF-25-001 intersected 15.05 meters of 11.9 AuEq, confirming the size and grade of precious and base metals at the Reforma deposit [3][6] - Underground drillholes CMUG-25-014 to CMUG-25-016 have also returned significant mineralized intervals, with CMUG-25-015 showing 10.96 meters grading 7.57 g/t AuEq [4][6] Mineralization and Resource Potential - Campo Morado hosts several polymetallic massive sulphide deposits containing gold, silver, copper, zinc, and lead, within a land package of over 121 square kilometers [2][21] - The exploration efforts are expected to inform an updated mineral resource estimate and potentially add new mineable bodies to the near and medium-term mine plan [6][15] - Historical exploration has identified 38 priority targets, with Reforma and El Rey being of particular interest due to their gold-silver enriched content [12][13] Market Context - The exploration is taking place during a period of record gold prices, providing a favorable environment for targeting gold-rich deposits [5][13] - The company aims to leverage the increased metal prices to enhance the value of its asset base, particularly focusing on the gold-rich deposits that were previously overlooked [5][13] Company Overview - Luca Mining Corp. operates two wholly owned mines in Mexico, producing gold, copper, zinc, silver, and lead, with significant development and resource upside [20][21] - The Campo Morado mine is an underground operation that has considerable exploration potential, while the Tahuehueto mine focuses on epithermal gold and silver vein-style mineralization [20][22]
Surge Copper Announces $6.4 Million Equity Financing to Support Progress to Pre-Feasibility and EA Readiness at Berg
Globenewswire· 2025-07-07 11:00
Core Viewpoint - Surge Copper Corp. is advancing its Berg Project through a non-brokered equity financing of up to $6.4 million, aimed at completing a Preliminary Feasibility Study and initiating early-stage permitting activities as part of its 2025 objectives [1] Financing Details - The financing will occur through two concurrent private placements: 1. LIFE Offering: Up to 14.3 million common shares at $0.175 per share, raising up to $2.5 million, expected to close in two to three weeks [2] 2. Concurrent Strategic Investment: A significant existing strategic investor will purchase common shares at the same price, potentially raising up to $3.9 million, expected to close within four to six weeks [3] - The Company may increase the size of the LIFE Offering based on demand [4] Use of Proceeds - Net proceeds from the Offering will fund engineering, environmental, and early-stage permitting activities at the Berg Project, supporting the completion of a Preliminary Feasibility Study and entry into the Environmental Assessment process [5] Company Overview - Surge Copper Corp. is focused on developing a critical metals district in British Columbia, owning a large mineral claim package with advanced porphyry deposits containing copper, molybdenum, gold, and silver [11] - The Company holds a 100% interest in the Berg Project, which has a maiden PEA indicating a large-scale project with an NPV8% of C$2.1 billion and an IRR of 20% based on long-term commodity prices [12]
Blue Moon Metals Selects Worley to Prepare a NI 43-101 Feasibility Study For the Nussir Project in Q1-2026 and Advance Basic Engineering
Globenewswire· 2025-07-07 10:45
Core Viewpoint - Blue Moon Metals Inc. has selected Worley Limited as the engineering contractor to update its feasibility study for the Nussir Copper-gold-silver Project in Norway and advance basic engineering, with detailed engineering expected to follow in 2026 [1][2][3] Group 1: Project Development - The update will transition from the May 2023 JORC-compliant Feasibility Study to a NI 43-101 Feasibility Study, providing a solid foundation for the project's construction [1][2] - The engineering work will primarily take place in Worley's offices in the United Kingdom and Canada, leveraging their expertise in base metal projects [2] - The results from the feasibility study update are anticipated in Q1-2026, incorporating ongoing mine decline construction and innovations in mine design [3] Group 2: Company Background - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir project, which is strategically located with existing infrastructure [5] - The company emphasizes the critical nature of zinc and copper in the global economy and national security, as recognized by the USGS and EU [5] - Worley Limited, headquartered in Australia, employs around 50,000 people across 45 countries and focuses on sustainable energy solutions while delivering essential resources [6]
SCC(SCCO) - 2024 Q4 - Earnings Call Presentation
2025-07-04 11:53
F E B R U A R Y 2 0 2 5 4Q24 RESULTS Disclaimer The material in this presentation has been prepared Southern Copper Corporation (SCC) and is general background information about SCC's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing ...
X @Bloomberg
Bloomberg· 2025-07-03 21:54
Copper transport disruptions this week in Peru underscore the growing impact of informal mining on global mining corporations that operate in the Andean nation https://t.co/di5Mm5iw43 ...
Yukon Metals Identifies New Copper Zone and Mobilizes Second Drill Rig at AZ Property
Globenewswire· 2025-07-02 13:00
Core Insights - Yukon Metals Corp. has identified a new copper target at its 100%-owned AZ Project, which spans 13,110 hectares, located in Yukon, Canada [1][6] - The company has mobilized a second drill rig to accelerate exploration across multiple high-priority targets within a large, underexplored hydrothermal system [1][3] Exploration and Development - The new copper target is located approximately 4 kilometers southeast of current drilling and is underlain by intrusive rocks with potassic alteration and visible chalcopyrite [4][6] - The alteration zone covers about 2 square kilometers and may represent a lateral or upper expression of a porphyry copper system [4][7] - Recent systematic fieldwork has generated the target through mapping of the potassic alteration zone and associated chalcopyrite mineralization [6][9] Technical Details - The AZ Project has seen consistent copper mineralization, with 18 out of 60 rock-chip samples showing significant copper content, assayed from 0.12% to 3.49% [9] - Geological characteristics and surface mineralization provide a strong technical basis for drill testing, despite the absence of exposed stockwork veining [7][8] Community Engagement - Yukon Metals is engaging local First Nation contractors for various services, including drill pad construction and camp services, fostering community involvement [8][16] - The company emphasizes sustainable growth and shared prosperity within Yukon's local communities [16] Market Context - The Yukon is ranked among the top 10 most prospective regions for mineral potential globally, according to the Fraser Institute's 2023 Survey of Mining Companies [17] - Recent discoveries in the region, such as Snowline Gold's Rogue Project, highlight the Yukon's potential for new district-scale mining opportunities [17]
Intrepid Metals Secures Additional Mineral Rights Adjacent to Rio Tinto at Corral Copper
Newsfile· 2025-07-02 11:00
Core Insights - Intrepid Metals Corp. has expanded its Corral Copper Property by acquiring additional mineral rights, enhancing its regional footprint in Cochise County, Arizona [1][2] - The new claims add approximately 2,195 acres (888 hectares) to the Corral land package, bringing total holdings to 11,715 acres (4,741 hectares) [2] - The acquisition strategically positions Intrepid alongside major industry player Rio Tinto, following Rio Tinto's recent claims acquisition in the area [1][3] Company Developments - The CEO of Intrepid Metals expressed confidence in the district's potential and commitment to developing a significant copper asset in a tier-one jurisdiction [3] - The Corral Copper Property is located near historical mining areas, with a rich mining history dating back to the late 1800s [4][10] - Intrepid has access to a historical digital drill hole archive database, which aids in exploration targeting and planning [4] Exploration Potential - The district has over 50,000 meters of historical drilling data, primarily focused on the Ringo, Earp, and Holliday Zones, which Intrepid is leveraging for ongoing exploration [4][7] - The company aims to combine modern exploration techniques with historical data to advance the Corral Copper Property towards development studies [7]