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Visible Copper Mineralization in Drill Core and Rock Samples Up to 26% Copper and 5.73 Grams Per Tonne Gold at Yukon Metals’ AZ Property
Globenewswire· 2025-08-07 11:00
Core Insights - Yukon Metals Corp. has reported positive results from its inaugural drill program at the AZ Project, indicating the presence of a large-scale copper-bearing system supported by significant subsurface copper mineralization and high-grade surface samples [1][3][4] Exploration Highlights - The drilling program included five diamond drill holes totaling 1,500 meters, with assays pending for all holes [5] - Notable surface sampling results include copper grades of up to 26.0% and gold grades of up to 5.73 g/t [5][11] - Hole 4 targeted a new porphyry system characterized by visible copper sulphide mineralization and strong potassic alteration [3][4] Geological Context - The alteration zone at the AZ Project covers approximately 2 square kilometers and is interpreted as an upper expression of a porphyry copper system [4] - The project area is located near a regional magnetic high, suggesting potential proximity to a more strongly mineralized source [4] Sample Analysis - Rock-chip samples collected during the exploration showed significant copper content, with 18 out of 60 samples assaying between 0.12% and 3.49% copper [14] - The highest recorded copper grade from surface samples was 26.7% Cu and 1.84 g/t Au [9] Community Engagement - Yukon Metals has engaged local First Nation contractors for various services, including drill pad construction and helicopter support, emphasizing a commitment to community involvement [17] Company Overview - Yukon Metals Corp. is focused on copper-gold and silver-lead-zinc assets, with a management team experienced in technical, financial, and environmental disciplines [21][22] - The company aims to foster sustainable growth and enhance shareholder value while contributing to local community prosperity [22]
Thunder Mountain Gold Launches Phase II Field Exploration at South Mountain Project, Idaho
Newsfile· 2025-08-06 12:01
Core Viewpoint - Thunder Mountain Gold Inc. has initiated Phase II field exploration at the South Mountain Project in Idaho, focusing on deeper porphyry systems and expanding known mineralization [1][7]. Exploration Program Details - The Phase II program incorporates advanced geophysical tools, particularly a Magnetotelluric (MT) survey, to identify conductive anomalies that may indicate porphyry copper-molybdenum systems beneath high-grade zones [2][3]. - The exploration will also include the extension and refinement of Induced Polarization (IP) surveys, porphyry-focused mapping, sampling programs, and structural geological studies to enhance drill targeting and geological models [3]. Technical Team - The exploration is led by a multi-disciplinary technical team with significant experience, including John Reynolds, Rich Leveille, and Dr. Stephen J. Reynolds, who have notable achievements in geophysical discoveries and exploration initiatives [5][6][13]. Project Background - The South Mountain Project is a polymetallic development site containing high-grade zinc, silver, gold, and copper, located approximately 70 miles southwest of Boise, Idaho. The project has seen historical mining activity and has undergone significant investment and rehabilitation since Thunder Mountain Gold acquired it [10][11]. Next Steps - The MT and IP surveys are scheduled to continue through late summer 2025, with data interpretation and 3D modeling expected in Q4 2025. Drill target prioritization is in progress for a potential drilling program in late 2025 or early 2026 [8].
Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine
Newsfile· 2025-07-29 15:35
Core Viewpoint - IMPACT Silver Corp. has announced promising results from its initial underground drill program in the Santo Domingo Zone at the Plomosas zinc (lead-silver) Mine, indicating high-grade mineralization and potential for increased production [1][6]. Drilling Results - The initial drill results from the Santo Domingo Zone include significant intersections, such as: - UGSD 2501: 3.50m interval with 7.64% ZnEq, including 1.50m at 14.66% ZnEq - UGSD 2502: 12.09m interval with 5.97% ZnEq, including 4.59m at 11.25% ZnEq and a notable 0.62m at 34.78% ZnEq - UGSD 2504: 1.12m interval with 23.56% ZnEq - UGSD 2505: 3.42m interval with 18.03% ZnEq, including 0.96m at 23.70% ZnEq [2][3]. Geological Context - The Plomosas mine is characterized by zinc-rich Carbonate Replacement zones across three bedrock units, with ongoing exploration in the Santo Domingo Zone, which remains open for further drilling [7][3]. Company Strategy - The CEO emphasized that the discovery of high-grade mineralization in the Santo Domingo Zone enhances the potential of the Plomosas Mine, which was not previously included in mining plans. The proximity to active mine workings allows for quick integration into production [6][1]. Exploration Potential - The Plomosas mine has exceptional exploration upside, with ongoing drilling aimed at defining additional resources across multiple zones. The mine is part of a larger structure with significant exploration targets, including untested copper-gold areas [11][7].
Maronan Metals (MMA) Conference Transcript
2025-07-23 06:00
Summary of Moronan Metals Conference Call Company Overview - Moronan Metals is focused on lead-silver and copper-gold resources located in Queensland, Australia, specifically in the Northwest Minerals Province, which is known for its rich mineral deposits [1][4]. Key Resources - The company has two significant resources on its exploration tenement: - Lead-silver resource: 33 million tonnes at 6% lead and 108 grams per tonne silver - Copper-gold resource: 32 million tonnes at 0.85% copper and 0.63 grams per tonne gold [1][2]. Market Position - Moronan Metals has a market capitalization of approximately $47 million with over 200 million shares outstanding. The largest shareholder is Red Metal, holding around 44% of shares [3]. Geological Significance - The Northwest Minerals Province is highlighted as a major area for lead, zinc, and silver deposits, with 80% of Australia's economically constrained deposits located there [4]. - The lead-silver resource has a strike length of about 1 kilometer and extends to at least 1,200 meters in depth, with mineralized widths ranging from 4 to 20 meters [6]. Exploration and Development Plans - A scoping study is underway, expected to be released later this quarter, focusing on a "starter zone" containing over 12 million tonnes of lead-silver resource [7][10]. - The company has conducted an additional 10,000 meters of drilling, increasing the indicated resource to 5.3 million tonnes [7]. - An application for a mineral development license has been lodged to allow for underground exploration and bulk sampling [8][12]. Infrastructure and Logistics - The project is strategically located near existing infrastructure, including a sealed highway and rail siding, facilitating potential processing and transportation [5]. - There is significant existing processing capacity in the North Queensland district, with unused capacities at local mills [5]. Environmental and Regulatory Considerations - The company is advancing its environmental approval studies, including assessments of flora, fauna, and water resources [10]. - The exploration decline project is expected to take around 12 months to complete, allowing for year-round drilling [9]. Future Outlook - The scoping study will evaluate various mining scenarios, including long hole stoping and transverse stoping, and will provide guidance for progression to a Pre-Feasibility Study (PFS) and mining license application [11]. - The management team expresses confidence in the project's potential, citing the quality of the deposit and the experience of the team [12][13].
Nova Pacific Drills 11 m @ 1.8 g/t AuEq at Lara VMS Project on Vancouver Island, B.C. with 29 Holes Pending
Newsfile· 2025-07-15 12:30
Core Viewpoint - Nova Pacific Metals Corp. has reported positive early results from its exploration drilling campaign at the Coronation area of the Lara VMS Project, indicating potential expansion of mineralization and alignment with the company's exploration model [1][3]. Group 1: Exploration Results - The company has completed 41 drill holes totaling 8,660 meters in its Phase 1 drill program, with results from 7 holes reported and 29 remaining [4][7]. - Drillhole NP25-005 intersected significant mineralization, including 11 meters grading 1.8 g/t AuEq and 4.3% ZnEq from 135 meters downhole [7][26]. - The results from the reported drillholes support the exploration model and are consistent with historical drilling data, providing validation for the historical dataset [11][13]. Group 2: Future Plans - Nova Pacific is targeting a current mineral resource estimate for Q4 2025, based on the verification of historical drilling data through its Phase 1 exploration program [13][21]. - The company is also evaluating additional high-priority targets within the 17-kilometer VMS belt on Vancouver Island, which remains underexplored despite favorable geology [14][15]. Group 3: Technical and Quality Assurance - All drill core is logged, photographed, and analyzed by ALS Canada Ltd., ensuring adherence to industry-standard quality assurance and quality control practices [17]. - The company has engaged Mineit Consulting Inc. to prepare an updated technical report for the Lara Project, under the supervision of qualified professionals [13][18].
LUCA'S CASH BALANCE SURGES TO US$21 MILLION THROUGH WARRANT EXERCISE AND CASH FLOW
Prnewswire· 2025-04-28 11:00
Core Viewpoint - Luca Mining Corp. has significantly improved its financial position through the exercise of share purchase warrants and debt reduction, positioning itself for strong operational performance in 2025 [1][3]. Financial Performance - Investors exercised 38.8 million share purchase warrants, raising USD $14.0 million (CAD $19.8 million) for the company [1]. - The company has reduced its debt by USD $8.4 million since January 1, 2025, leaving a current debt balance of USD $8.5 million [1]. - Luca's total cash and cash equivalents, including silver bullion, stand at USD $20.6 million, with expectations for further growth due to strong cash flow from operations [1]. Warrants and Shares - The total outstanding common shares of the company are 253.7 million, with 16.23 million total warrants outstanding [2][3]. - The remaining warrants have exercise prices ranging from CAD $0.45 to CAD $2.80, with expiry dates extending to March 2026 [2]. Future Outlook - The company anticipates generating free cash flow between USD $30 million to USD $40 million in 2025, which is expected to yield one of the best cash flow yields among its peers [3]. - Luca Mining Corp. is well-positioned to benefit from strong commodity demand due to its diversified metal production profile and plans to eliminate debt by 2026 [3]. Strategic Initiatives - The company aims to fund high-impact capital improvements at its mines, explore broader property packages, pursue strategic M&A activities, and consider returning capital to shareholders [3]. - Luca Mining Corp. has been added to the Solactive Global Copper Miners Total Return Index, effective May 1, 2025, enhancing its visibility in the market [4]. Company Overview - Luca Mining Corp. operates two wholly owned mines in Mexico, producing gold, copper, zinc, silver, and lead, with strong cash flow and significant development potential [5][6][7].