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Ero Files Technical Report for the Xavantina Operations
Globenewswire· 2025-12-20 00:50
Core Viewpoint - Ero Copper Corp. has filed a Technical Report for its Xavantina Operations, updating its mineral reserve and resource estimate in compliance with National Instrument 43-101 [1][2]. Company Overview - Ero Copper Corp. is a Brazil-focused mining company with a diversified portfolio of copper and gold assets, operating two copper mines and a producing gold mine [3]. - The company is headquartered in Vancouver, B.C., and is advancing the Furnas Copper-Gold Project through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest [3]. Operations and Assets - Ero operates the Caraíba Operations in Bahia State, the Tucumã Operation in Pará State, and the Xavantina Operations in Mato Grosso State [3]. - The company emphasizes safety, operational excellence, and responsible mineral production [4]. Reporting and Compliance - The Technical Report is prepared in accordance with Canadian Securities Administrator's National Instrument 43-101 and is available on the company's website and SEDAR+ [2].
Grafton Resources Enters into Definitive Option Agreement to Acquire 100% of the Alicahue Copper-Gold Project in Chile
Thenewswire· 2025-12-19 14:15
Core Viewpoint - Grafton Resources has entered into a definitive option agreement to acquire a 100% interest in the Alicahue Copper-Gold Project in Chile, marking a strategic move to build a high-value portfolio in a favorable mining jurisdiction [1][2]. Agreement Details - The option agreement grants Grafton Resources an exclusive option to acquire the Alicahue project, which spans 3,500 hectares at an average altitude of 1,700 meters, located 140 km from Santiago and 67 km from the coast [1]. - The agreement includes a structured payment plan over five years, with cash and share considerations totaling US$1,000 at signing, US$74,000 and US$75,000 at the first and second anniversaries, respectively [4][5]. - Grafton is required to incur US$4,000,000 in exploration expenditures over the first four years, with a minimum of US$500,000 per year [5]. Financial Obligations - Upon successful completion of exploration commitments, Grafton can exercise the option by making a payment of US$3,000,000 [5]. - The vendor will retain a 2.0% net smelter returns (NSR) royalty, with Grafton having the option to repurchase half of the NSR for US$5,000,000 [5]. Exploration Potential - The Alicahue project is situated in a metallogenic belt known for large porphyry deposits, indicating significant exploration potential for copper and gold [2]. - Ongoing mapping and sampling will be complemented by an airborne MMT geophysical survey planned for early 2026 [2]. Share Issuance and Finder's Fee - Grafton has issued 312,955 common shares as part of the signing payment, valued at C$0.44 per share [6]. - A finder's fee of 7% on the total value of the option will result in the issuance of 1,450,400 common shares, with the first 500,000 shares issued upon signing [7].
Visionary Copper and Gold Mines Inc. Closes Final Tranche of Private Placement Financing
Globenewswire· 2025-12-19 13:30
Core Viewpoint - Visionary Copper and Gold Mines Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $3,040,262 through the issuance of charity flow-through units and Manitoba charity flow-through units [1][2]. Group 1: Private Placement Details - The company issued 1,333,334 charity flow-through units at $1.11 per unit, generating gross proceeds of $1,480,000.74, and 267,176 Manitoba charity flow-through units at $1.31 per unit, generating gross proceeds of $350,000.56 [1]. - Each charity flow-through unit consists of one flow-through common share and one-half of a transferable common share purchase warrant, with each warrant exercisable into one additional common share at an exercise price of C$1.10 for two years from closing [2]. - The company has the right to accelerate the expiry date of the warrants if the volume weighted average price of the common shares reaches $1.50 for 10 consecutive trading days [2]. Group 2: Use of Proceeds - The gross proceeds from the sale of flow-through units will be utilized to incur eligible "Canadian exploration expenses" related to the Pt. Leamington Project in Newfoundland, which will qualify as "flow-through critical mineral mining expenditures" [4]. Group 3: Debt Settlement - The company has agreed to settle indebtedness totaling $584,532 with certain creditors by issuing 446,043 common shares, which will also be subject to resale restrictions for four months [6].
ATEX Intersects 146 Meters of 2.00% CuEq at B2B Zone with over 600 Meters of Results Still Pending
TMX Newsfile· 2025-12-18 21:13
Core Insights - ATEX Resources Inc. has announced full results for the initial Phase VI drill hole ATXD25C and partial results for drill hole ATXD26B at the Valeriano Copper-Gold Project in Chile, with drilling ahead of schedule at 12,550 meters completed out of a targeted 25,000 meters [1][2][10] Drill Results - Drill hole ATXD26B intersected 54 meters of 2.50% copper equivalent (CuEq), including 1.58% copper and 0.88 g/t gold, within broader intervals of 146 meters of 2.00% CuEq and 224 meters of 1.52% CuEq [4][8] - Drill hole ATXD25C reported an improved intercept of 164 meters of 2.77% CuEq, including 86 meters of 3.84% CuEq and 40 meters of 4.83% CuEq, highlighting significant mineralization [4][8] Mineral Resource Potential - The results from the B2B Zone drilling are enhancing the understanding of the high-grade system and confirming potential for growth beyond the 2025 Mineral Resource Estimate [2][10] - The horizontal width of the mineralized intersection in ATXD25C is approximately 170 meters, indicating thick, continuous mineralization and potential for increased material and tonnage [6][8] Exploration Program Update - The Phase VI drill program is utilizing six diamond drill rigs and is focused on high-grade targets in the B2B Zone and nearby breccia targets [10] - Assay results for over 600 meters of ATXD26B are still pending, with full results expected in January [8][10] Quality Control Measures - The drilling and sampling processes are conducted under strict quality control and assurance protocols, including the use of accredited laboratories for assay analysis [12][13]
CopperCorp Intersects High-Grade Cu-Au Mineralization at Jukes Prospect
TMX Newsfile· 2025-12-18 12:00
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - CopperCorp Resources Inc. (TSXV: CPER) (OTCQB: CPCPF) ("CopperCorp" or the "Company") is pleased to announce first assay results from its Phase 2 drilling1,2 campaign at the Jukes Cu-Au prospect in western Tasmania, Australia.Example of core showing high-grade chalcopyrite-pyrite-chalcocite mineralization, JDD004, 93.0m (1.0m @ 6.95% Cu, 0.53g/t Au, 23.4g/t Ag (7.48% CuEq) from 92.6m).To view an enhanced version of this graphic, please vis ...
NorthWest Reports Results from Two Holes at its Kwanika Property Highlighted by a High-Grade Intercept of 43 Metres Grading 1.83 % Cu, 1.28 G/T Au (3.01% CuEq) from 260 Metres
Globenewswire· 2025-12-18 11:30
Core Insights - NorthWest Copper Corp. reported positive drill results from its Kwanika project, indicating higher-grade mineralization in two drill holes, K-25-283 and K-25-273, with significant copper and gold grades [1][2][3] Drill Results - Hole K-25-283 intersected 43 metres grading 1.83% Cu and 1.28g/t Au (3.01% CuEq) in the Central Zone, confirming continuity of mineralization [1][4][21] - Hole K-25-273 showed a near-surface intercept of 123 metres grading 1.31% Cu and 0.83g/t Au (2.09% CuEq), providing insights into structural controls in the mineralized area [1][3][4] Exploration Strategy - The 2025 exploration program aims to confirm and expand the understanding of higher-grade copper-gold mineralization, with results supporting a more economically robust development plan [2][6] - The company is focusing on higher-grade zones within the existing mineral resource, which is expected to enhance the project's economic viability [2][5] Geological Insights - The drilling results indicate the presence of significant mineralization across both the Pit and Central Zones, with K-25-273 providing clarity on the structural controls within a mineralized area [3][4][14] - The exploration program has successfully filled gaps in previous drilling, enhancing the understanding of the mineralization continuity [2][21] Future Plans - NorthWest plans to incorporate the latest drilling results into an updated preliminary economic assessment (PEA), improving upon the 2023 PEA [2][6] - The company is committed to responsible mineral exploration and aims to work collaboratively with First Nations for future development [27]
NorthWest Reports Results from Two Holes at Its Kwanika Property Highlighted by a Near Surface Intercept of 59.8 Metres of 0.70% Copper and 0.95 g/t Gold (1.57% CuEq) from 41 Metres
Globenewswire· 2025-12-17 11:00
Core Insights - NorthWest Copper Corp. reported strong near-surface drill results from its Kwanika project, indicating successful expansion of mineralization zones and potential for further exploration [1][3][4] Drill Results - The two drill holes, K-25-265 and K-25-266, intersected multiple zones of near-surface mineralization, with K-25-266 showing 59.8 meters grading 0.70% Cu and 0.95 g/t Au (1.57% CuEq) [2][4] - K-25-265 returned significant intervals, including 39.4 meters of 0.57% Cu and 0.73 g/t Au (1.23% CuEq) [4][22] Exploration Program - The 2025 exploration program aims to confirm and expand the understanding of higher-grade copper-gold mineralization within the Kwanika project [7][28] - The program focuses on three key higher-grade zones: Pit, Central, and Western Zones, targeting grades of 1.5% to 2.5% CuEq over thicknesses of 30 to 45 meters [5][6] Geological Insights - The drilling results have improved the understanding of structural controls on mineralization, with the identification of new zones such as Pit Zone 12 [4][17] - Geological analysis indicates that the mineralization is hosted in various rock types, including diorite and monzonite porphyry, with significant potassic alteration [12][20] Future Outlook - The results are expected to support a higher-quality mineral resource estimate and lead to a more economically robust development plan, enhancing the potential for a future preliminary economic assessment (PEA) [3][4] - The company believes that a higher-grade open pit could provide a strong economic foundation for future assessments [3][4]
MTB Metals Announces Securityholder and Court Approval for Plan of Arrangement With ExGen Resources
Globenewswire· 2025-12-17 00:45
Core Viewpoint - ExGen Resources Inc. is set to acquire MTB Metals Corp. following overwhelming approval from MTB's securityholders for the proposed arrangement, with completion expected on December 19, 2025 [1][2][4]. Group 1: Arrangement Details - The arrangement involves ExGen acquiring all issued and outstanding securities of MTB, with each MTB share exchanged for 0.286 of one common share in ExGen [2]. - At the special meeting, 94.31% of votes cast by shareholders and 94.52% of votes cast by all securityholders approved the arrangement [3]. - The completion of the arrangement is subject to customary closing conditions, including approval from the TSX Venture Exchange [4]. Group 2: Company Profiles - MTB Metals Corp. is advancing two copper-gold projects in the Golden Triangle of northern British Columbia, with significant copper and gold occurrences reported [5]. - ExGen Resources Inc. focuses on funding exploration and development through joint ventures, aiming to build a diverse portfolio of projects across various commodity groups [6].
Atico Mining Announces Proposed Debenture Amendment and Restatement with Dundee
Globenewswire· 2025-12-16 13:00
Core Viewpoint - Atico Mining Corporation intends to amend and restate its existing debenture agreement with Dundee Corporation, extending the maturity date and adjusting interest terms [1][2]. Group 1: Debenture Agreement Details - The principal amount outstanding is US$6,612,192, which will have its maturity date extended to December 16, 2027 [1][2]. - Interest on the outstanding principal will accrue at a rate of 12% per annum, and the company can prepay the principal amount without penalty [2]. - The amended agreement will no longer allow the principal amount to be convertible into the company's securities [2]. Group 2: Warrants Issuance - In connection with the amendment, the company will issue 1,000,000 non-transferable common share purchase warrants to Dundee, each exercisable at a 30% premium to the market price for two years [3]. Group 3: Closing Conditions - The closing of the amendment is expected to occur around December 16, 2025, subject to customary closing conditions and approvals from the TSX Venture Exchange [4]. 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 VMS project in Ecuador [5].
Pacific Ridge Signs Exploration Agreements with Takla Nation for Kliyul and RDP
TMX Newsfile· 2025-12-16 12:00
Core Viewpoint - Pacific Ridge Exploration Ltd. has entered into Exploration Agreements with Takla Nation for the Kliyul and RDP copper-gold projects in Northcentral British Columbia, establishing a cooperative relationship for project advancement [1][2]. Group 1: Kliyul Project - The Kliyul project is 100% owned by Pacific Ridge and is located in the Quesnel Terrane, featuring existing infrastructure. The Kliyul Main Zone hosts an Inferred Mineral Resource of 334.1 million tonnes grading 0.33% copper equivalent, which includes 1.11 billion pounds of copper, 2.74 million ounces of gold, and 10.22 million ounces of silver [4][8]. - The Kliyul Main Zone remains open for expansion along a 6-km long mineralized trend [4]. Group 2: RDP Project - The RDP project is also 100% owned by Pacific Ridge and is situated in the Golden Horseshoe area, 40 km west of Kliyul. In 2025, five drill holes were completed at the Day target, with drill hole RDP-25-011 returning 112.2 meters of 1.35% copper equivalent, marking the best intercept recorded at RDP [6][8]. - The previous best intercept was 107.2 meters of 1.39% copper equivalent, indicating significant improvement in drilling results [6]. Group 3: Company Overview - Pacific Ridge aims to become the leading copper exploration company in British Columbia, with a project portfolio that includes Kliyul, RDP, Chuchi, Onjo, and Redton copper-gold projects [8]. - The company acknowledges that its projects are located in the traditional territories of several Indigenous nations, including the Gitxsan Nation and Takla Nation [8].