Mineral Exploration

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Azimut Drills 1.1% Sb over 51.5 metres, including 3.43% Sb and 2.37 g/t Au over 6.5 metres
Globenewswire· 2025-05-22 10:30
Core Viewpoint - Azimut Exploration Inc. has reported promising drilling results from its Wabamisk Property, confirming a significant antimony-gold discovery in the Fortin Zone, which is expected to lead to further exploration and drilling campaigns [1][2]. Drilling Program Details - The initial drilling plan of 5,000 metres was expanded to a total of 6,396 metres, comprising 51 diamond drill holes, concluding in late March 2025 [2]. - The drilling program aimed to follow up on previous surface discoveries in the Fortin Zone, with full results now available [3]. Antimony and Gold Grades - The price of antimony has surged to US$58,000 per tonne due to supply shortages, particularly from China [4]. - Among the 28 holes with antimony grades above 0.2% Sb, 15 also showed gold intervals exceeding 1.0 g/t Au, with 8 holes reporting grades above 4.0 g/t Au [5]. Geological Context - The Fortin Zone has a minimum strike length of 1.0 kilometre and an average thickness of approximately 25 metres for intervals grading above 0.2% Sb [6]. - The mineralized system is hosted in a subvertical feldspar porphyry intrusive sill, with significant mineralization occurring along its southern contact with metasedimentary rocks [9]. Antimony Supply Context - Antimony is classified as a critical mineral, with 90% of global production concentrated in three countries: China (60%), Tajikistan (17%), and Russia (13%) [8]. - China's export restrictions on antimony have heightened the risk of supply disruptions, potentially leading to further price increases [8]. Company Overview - Azimut Exploration Inc. is recognized for its extensive mineral exploration portfolio in Quebec, focusing on gold, copper, nickel, and lithium [15]. - The company is advancing multiple projects, including the Elmer Gold Project and the Galinée lithium discovery, alongside the Wabamisk project [16].
Integral Metals Identifies Area of Interest at the Burntwood Project Through Advanced Geochemical Analysis
Globenewswire· 2025-05-22 07:05
Core Insights - Integral Metals Corp. has reported significant findings from its rock geochemistry program at the Burntwood Rare Earth Element Project, indicating potential for REE-rich zones [1][5] Group 1: Project Overview - The Burntwood Project is based on a complex alkaline intrusive system featuring foliated syenites and localized carbonatite phases, with a detailed grid survey conducted in 2024 involving 438 rock samples [2] - The results revealed elevated concentrations of light rare earth elements (LREEs), with total REE content in some samples exceeding 3,800 ppm, including lanthanum values greater than 1,000 ppm and cerium concentrations over 2,500 ppm [3] Group 2: Analytical Techniques - The company utilized principal component analysis (PCA) and K-means clustering to identify mineralization patterns, resulting in a distinct geochemical cluster (Cluster B) indicative of syenite mineralization with high REE, strontium, and barium values [4] - An area of interest within the alkaline complex has been identified as prospective for REE mineralization based on multivariate analysis and statistical thresholds [12] Group 3: Future Exploration Plans - The company plans to integrate these geochemical results with geological mapping from the Manitoba Geological Survey and other datasets to define targets for the next exploration phase [5][6] - Further updates will be provided as additional datasets from the 2024 survey program become available [6]
Greenhawk Options Its Greenland Properties and Cancels Outstanding Stock Options
Globenewswire· 2025-05-21 23:35
Core Viewpoint - Greenhawk Resources Inc. has entered into an Option and Joint Venture Agreement with 1531323 BC Ltd. to advance the exploration and development of its Greenland properties, specifically the Storø and Qingaaq mineral exploration licenses [1][2]. Financial Terms - Under the Option Agreement, 1531323 BC is granted an option to acquire an 80% interest in the Properties for an upfront payment of $100,000 and a commitment to incur $1,400,000 in expenditures over 24 months [2]. - The expenditure schedule includes a minimum of $450,000 within 6 months, $350,000 within 12 months, $300,000 within 18 months, and $300,000 within 24 months [3]. Project Details - The Storø project covers an area of 12 km² and has an inferred mineral resource estimated at 885,000 tonnes, grading 3.4 g/t Au, totaling approximately 95,000 ounces of gold [4]. - The mineral resource has a cut-off grade of 0.8 g/t Au for open-pit material and 2.5 g/t Au for underground resources [4]. - The Qingaaq license surrounds the Storø project and covers approximately 540 km² [4]. Management and Future Plans - 1531323 BC will manage the operations of the Properties during the Option Agreement period and intends to enter into a management services contract with Greenhawk for advisory support [5]. - Greenhawk is actively pursuing additional property acquisitions and opportunities in the mineral exploration and resources sector [5]. Stock Options - The company has cancelled a total of 8,600,000 stock options, which include options with exercise prices of $0.27 and $0.20, expiring in 2025 and 2026 respectively [6].
Coppernico Reports Significant Surface Channel Sampling Results at Tipicancha Epithermal-Porphyry Target
Globenewswire· 2025-05-21 11:36
VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) (“Coppernico” or the “Company”), is pleased to announce initial surface channel sampling results from the Tipicancha target, a large-scale epithermal system with potential for a porphyry source at depth. Notable results include 22 metres (“m”) of 0.65% copper (“Cu”) and 0.77 g/t silver (“Ag”) including 10 m of 1.14% Cu and 0.20 g/t Ag; true widths unknown (Table 1). These results further demonstrat ...
Tintina Mines Limited Commences the 2025 Drilling Campaign at the Domeyko Sulfuros Project, Atacama Region, Chile
Globenewswire· 2025-05-21 11:00
Core Viewpoint - Tintina Mines Limited has initiated its 2025 drilling campaign at the Domeyko Sulfuros Project in Chile, focusing on advancing a Preliminary Economic Assessment (PEA) to enhance the project's technical and strategic development [1][2]. Group 1: 2025 Work Plan - The drilling campaign will involve 6,000 meters of drilling aimed at upgrading inferred resources to measured and indicated categories, supported by a prior gap analysis study [2]. - In addition to drilling, the company will conduct geometallurgical studies and metallurgical and geomechanical testing, which are essential for the PEA [3]. Group 2: Project Overview - The Domeyko Sulfuros Project is located in the Atacama Region of northern Chile, covering 10,056 hectares across 75 mining concessions [5]. - The project is strategically positioned 53 kilometers south of Vallenar, with excellent accessibility to infrastructure such as electrical power, water, and logistical support [6]. Group 3: Historical Context - From 1997 to 2015, the Dos Amigos target within the project was mined, yielding approximately 12 million tonnes of ore with copper grades exceeding 0.85% [7]. - The most recent NI 43-101 report indicates an inferred mineral resource of 320 million tonnes with average grades of 0.36% total copper and 0.26 ppm gold [9]. Group 4: Future Expectations - The PEA is anticipated to be completed by the end of 2025, providing a detailed economic analysis of the project [4].
Latin Metals Announces Closing of Oversubscribed Private Placement for Gross Proceeds of $1.33 Million
Globenewswire· 2025-05-20 21:00
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the closing of its previously announced non-brokered private placement (the “Financing”) for aggregate gross proceeds of $1,330,499.94, through the issuance of 12,095,454 units (each a “Unit”) at a subscription price of $0.11 per Unit. Each Unit consists of one common share in the capital of Latin Metals (each, a “Share”) and one common share p ...
Nio Strategic Metals Announces Closing of Debt Conversion Agreements and Notice of Annual and Special Meeting of Shareholders
Newsfile· 2025-05-20 13:05
Core Viewpoint - Nio Strategic Metals Inc. has successfully completed debt conversion agreements to improve its financial position by eliminating outstanding debt and preserving cash flow [1][4]. Financial Transactions - The company converted a loan of $450,000 and settled $45,000 in accrued services by issuing 11,000,001 common shares at a deemed price of $0.045 per share [1]. - The debt conversion agreements are classified as related party transactions, and the company relied on exemptions from certain requirements under Multilateral Instrument 61-101 [2]. Impact on Financial Position - Following the agreements, Nio will not carry any debt on its balance sheet, except for usual short-term accrued payables, significantly improving its financial health [4]. - The insider, Nio-Metals Holdings LLC, now owns approximately 45.9% of the issued and outstanding shares after receiving 10,000,000 shares as part of the debt conversion [5]. Corporate Governance - The company did not file a material change report 21 days prior to the closing of the debt conversion agreements, which it deemed reasonable to expedite financial improvement [3]. - An Annual and Special Meeting of Shareholders is scheduled for July 9, 2025, to discuss corporate matters [5]. Company Overview - Nio Strategic Metals is focused on becoming a ferroniobium producer and holds niobium properties in Quebec [6].
Canterra Minerals Step-Out Drilling Hits High-Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland
Newsfile· 2025-05-20 11:00
Canterra Minerals Step-Out Drilling Hits High- Grade Zone of 6.77% CuEq over 5.35m Beyond Current Buchans Resource, Newfoundland May 20, 2025 7:00 AM EDT | Source: Canterra Minerals Corporation Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the first drill hole from its ongoing 10,000 metre ("m") drill program at its 100% owned Buchans Project in the Central Newfoundland ...
Ivanhoe Electric (IE) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-05-19 17:01
Core Viewpoint - Ivanhoe Electric has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates [1][2]. Earnings Estimates and Stock Price Impact - The upward trend in earnings estimates is a significant factor influencing stock prices, with empirical research showing a strong correlation between earnings estimate revisions and near-term stock movements [3][5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Company Performance and Outlook - For Ivanhoe Electric, the increase in earnings estimates reflects an improvement in the company's underlying business, which is expected to drive the stock price higher [4]. - The Zacks Consensus Estimate for Ivanhoe Electric has increased by 4.4% over the past three months, with projected earnings of -$0.65 per share for the fiscal year ending December 2025, representing a year-over-year change of 53.6% [7]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimates, with a proven track record of generating significant returns, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6]. - The upgrade of Ivanhoe Electric to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9].
Hi-View Resources Corporate Update
Globenewswire· 2025-05-16 21:36
Core Viewpoint - Hi-View Resources Inc. plans to consolidate its common shares on an 8-old-for-1-new share basis to attract capital for the development of its Toodoggone holdings [1][3]. Share Consolidation Details - The current outstanding shares will be reduced to approximately 4,840,060 post-consolidation shares, with no fractional shares issued [2]. - Fractional shares less than one-half will be canceled, while those at least one-half will be rounded up to the nearest whole share [2]. - The exercise or conversion price of outstanding stock options and convertible instruments will be proportionately adjusted [2]. Strategic Rationale - The CEO of Hi-View emphasizes the need for significant investment in the nearly 10,000-hectare Toodoggone land package, which has seen less than 1% explored through drilling [3]. - The Board believes the consolidation is necessary for better positioning the company for future corporate development and financing opportunities [3]. Timeline and Trading Information - The record date for the consolidation is set for May 28, 2025, with trading of post-consolidated shares expected to commence on or about the same date, pending final approval [4]. - The company's name and stock symbol will remain unchanged following the consolidation [4]. Company Overview - Hi-View Resources Inc. is focused on the acquisition, exploration, and development of mineral properties in Canada, holding a 100% interest in the Babine BC Copper-Gold property and interests in several other claims in the Toodoggone region [5].