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Norsemont Provides Corporate Update and Additions to the Team
Thenewswire· 2025-10-21 13:00
Core Insights - Norsemont Mining Inc. has provided a corporate update on its Choquelimpie project, highlighting recent milestones and the successful raising of $6 million from strategic investors [1][6] - The Choquelimpie project is a past-producing gold-silver mine with significant historical production and a recent mineral resource estimate indicating 2,184,000 indicated gold-equivalent ounces and 557,000 inferred gold-equivalent ounces [2][14] - The company has a two-pronged development strategy focusing on oxide processing and deeper sulfide resource drilling, with plans to assess copper porphyry systems [3][4] Development Strategy - The company aims to process stockpiles for initial cash flow and systematically drill to expand both oxide and sulfide resources [4] - Upcoming initiatives include drilling deeper high-grade targets and further assessing identified copper and gold porphyry systems [4] Current Work Programs - Ongoing efforts include developing a geological model for stockpiles, defining metallurgical characteristics, and assessing the existing plant [5] - The company has engaged AGS Cotecna for metallurgical testing and DAES Consultores for permitting and environmental advisory [7] Key Achievements - Successful processing of stockpiles to generate initial positive cash flow [4] - Expansion of the technical and management team with key appointments, including David Flint as Chief Geologist and Roman Flores as Lead Geologist [6][7] Near-Term Objectives - The company plans to commence its 2025 Phase 3 drill program, test metallurgical samples, and report on the processing plant condition [7] - The geological team has refined drill targets and is preparing for the upcoming drilling program [7] CEO Statement - The CEO expressed excitement about advancing the Choquelimpie project towards its next development stage, with a focus on engineering and feasibility work in 2026 [12]
Kodiak Copper expands MPD project in British Columbia
Yahoo Finance· 2025-10-21 11:13
Core Insights - Kodiak has agreed to acquire a 13.1km² claim package from Eagle Plains Resources, expanding its landholdings in the MPD project to 357km² [1] - The acquisition includes the Ketch claim block, which is strategically located next to the Ketchan deposit, indicating potential for further mineralization [1][2] - The company has initiated a 2,000-sample soil geochemical program targeting historical showings and new AI targets, with completion expected in November 2025 [1] Acquisition Details - The Ketch claim package will be acquired for 300,000 shares and a 2% net smelter return royalty, with an option to buy back 1% for $1.75 million (C$2.46 million) [4] - The agreement is subject to approval by the TSX-Venture Exchange [4] Project Potential - The Ketchan deposit, which has been drilled over an area of 1,800m x 500m, is a key component of the initial mineral resource estimate for MPD [2] - The newly acquired claims will allow Kodiak to expand operations in MPD Northwest, which features 24 known mineral occurrences, including six with significant porphyry-related copper-gold mineralization [5] - The initial resource estimate for the first four mineralized zones is expected in 2025, highlighting the project's potential [5][6] Strategic Vision - Kodiak's strategy to consolidate the MPD district over the past seven years has been crucial in generating the critical mass needed for the project [3] - The acquisition of the Ketch claim package is viewed as a logical next step to potentially extend the Ketchan deposit [4]
海关总署:智利输送量骤降逾三成 中国9月铜矿砂进口量回落
Wen Hua Cai Jing· 2025-10-21 08:07
据海关总署在线查询平台数据显示,中国9月铜矿砂及其精矿进口量为258.69万吨,环比下降6.24%,同 比上升6.43%。其中最大供应国智利输送量骤降逾三成至64.94万吨,秘鲁输送量微增至59万吨,墨西 哥、蒙古等主要供应国输送有不同程度的增加。智利Codelco旗下的El Teniente矿7月底发生事故,智利 铜产量整体受到影响。今年铜矿端干扰较多,国内铜精矿现货加工费持续低位徘徊。 以下为2020年3月以来中国铜矿砂主要进口来源国供应情况: 数据来源:海关总署 ...
X @Bloomberg
Bloomberg· 2025-10-20 14:00
Panama will require that any agreement to restart the $10 billion Cobre Panama copper mine clearly stipulates that the country is the owner of the land and the resources, the country’s finance chief said in an interview https://t.co/x11QnlAvT6 ...
QcX Gold Acquires Strategic Project Adjacent to Sterling Metals' High-Grade Copper Discovery at Batchawana Bay, Ontario
Newsfile· 2025-10-20 11:51
Core Insights - QcX Gold Corp. has entered into an acquisition agreement to obtain several strategically located mining claims in the Batchawana Bay area of Ontario, adjacent to Sterling Metals Corp.'s Soo Copper Project, which has recently reported significant copper discoveries [1][2] Strategic and Geological Highlights - The newly acquired property consists of 323 individual mining claims, covering a large contiguous land package that shares over 6.6 kilometers of common boundary with Sterling's discovery zone, positioning QcX in a promising copper district [2] - The property is situated within the Precambrian-aged Batchawana Greenstone Belt, known for large porphyry-style copper systems, and lies along strike of the historically productive Tribag Mine [5] - Geological continuity is strong, with identical stratigraphy and structural orientation to Sterling's discovery area, supported by historic soil geochemical anomalies and untested geophysical conductors [5] - QcX plans to initiate a property-wide airborne magnetic survey to identify high-priority copper-molybdenum-silver-gold porphyry targets [5] - The project has district-scale potential with 323 contiguous claims and open ground nearby, allowing for expansion and joint-venture opportunities as exploration progresses [5] Transaction Details - As part of the acquisition, QcX will issue 6,000,000 common shares at a deemed price of $0.28 per share and make a cash payment of $15,000 to the vendor [7] - A 3% net smelter returns royalty has been granted to the vendor, with the option for QcX to purchase up to 1.5% of the NSR for $1,000,000 [8] - The completion of the transaction is subject to regulatory approvals, including that of the TSX Venture Exchange [8]
Aston Bay and American West Metals Intersect Copper Mineralization Outside of Proposed Pit Designs at the Storm Project, Nunavut, Canada
Accessnewswire· 2025-10-20 11:00
Core Insights - The latest diamond drilling at the Cyclone Deposit has revealed high-grade copper intervals, indicating potential for resource expansion [1] - Significant assay results include drill hole PFS-002 intersecting 12.1m at 5.6% copper and drill hole PFS-001 intersecting 18.2m at 1.1% copper, both outside current pit designs [1] - Reverse Circulation drilling results support the potential for resource upgrade and expansion across multiple deposits [1] Group 1: Drilling Results - Drill hole PFS-002 reported 12.1m at 5.6% copper, including 0.5m at 27.3% copper [1] - Drill hole PFS-001 showed 18.2m at 1.1% copper, with notable intervals of 7.1m at 2.2% copper [1] - High-grade intervals were found near the surface, suggesting additional resource potential [1] Group 2: Resource Expansion Potential - Assays from resource drilling around Cyclone, Chinook, Thunder, and Cirrus Deposits indicate thick copper intervals [1] - Positive implications for resource expansion at Storm are highlighted by the drilling results [1] - Ongoing mine development workstreams include permitting and Pre-Feasibility Study for potential mine development [1]
OTC Markets Group Welcomes Midnight Sun Mining Corp to OTCQX
Globenewswire· 2025-10-20 11:00
Core Insights - Midnight Sun Mining Corp has qualified to trade on the OTCQX Best Market, upgrading from the OTCID Basic Market, which enhances its visibility and accessibility for U.S. investors [1][3]. Company Overview - Midnight Sun Mining Corp is focused on mineral exploration and development, particularly its flagship Solwezi Project located in Zambia, which is in the Zambia-Congo Copperbelt, the second largest copper-producing region globally [5]. - The company aims to find and develop Zambia's next generational copper deposit, leveraging its experienced geological team [5]. Market Context - The upgrade to the OTCQX Market is significant for companies seeking to provide transparent trading for U.S. investors, as it allows them to utilize home market reporting to make information available in the U.S. [3]. - Companies must meet high financial standards and follow best practice corporate governance to qualify for OTCQX [3]. Leadership Perspective - The President & CEO of Midnight Sun, Al Fabbro, emphasized that trading on the OTCQX Market is a crucial step in broadening the investor base and increasing transparency for U.S. investors, especially given the company's significant discovery potential in Zambia [4].
Midnight Sun Begins Trading on the OTCQX
Newsfile· 2025-10-20 10:30
Core Insights - Midnight Sun Mining Corp. has begun trading on the OTCQX Best Market in the U.S. under the ticker symbol "MDNGF" while continuing its primary listing on the TSX Venture Exchange as "MMA" [1][2] Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project located in Zambia, which is in the Zambia-Congo Copperbelt, the second largest copper-producing region globally [4] - The Solwezi Project is surrounded by significant copper mines, including First Quantum's Kansanshi Mine, which is Africa's largest copper mining complex [4] - The company aims to find and develop Zambia's next generational copper deposit, supported by an experienced geological team with a history of discoveries and mines worldwide [4] Market Impact - The move to the OTCQX is expected to broaden the investor base and increase transparency for U.S. investors, enhancing liquidity and visibility for shareholders [2][3] - Midnight Sun has a significant and loyal shareholder base in the U.S., making this transition a logical step to build upon that foundation [2]
Kodiak Strategically Expands MPD Project with Acquisition of Adjacent Claims and Initiates Soil Program
Newsfile· 2025-10-20 10:00
Core Viewpoint - Kodiak Copper Corp. has entered into a purchase agreement to acquire a claim package adjacent to its MPD Project, expanding its landholdings to 357 square kilometers and initiating a soil program to advance multiple targets [2][4][5]. Acquisition Details - The acquisition involves a 100% interest in a claim package from Eagle Plains Resources Ltd., consisting of 13.1 square kilometers, including the strategically located Ketch claim block [5][7]. - The transaction includes the issuance of 300,000 Kodiak shares and a 2% net smelter return royalty, with an option to buy back 1% of the NSR for $1.75 million [5][7]. Strategic Importance - The acquisition is seen as a logical step in Kodiak's strategy to consolidate the MPD district, which has the potential to become a major mining operation [4][11]. - The Ketch claim package is believed to potentially host an extension of the Ketchan deposit, which is part of the Initial Mineral Resource estimate for MPD [4][7]. Exploration Initiatives - A soil geochemical program consisting of 2,000 samples is being initiated to explore targets on the MPD Northwest claims, focusing on historical showings and the area around the Ketchan deposit [7][11]. - The program is expected to be completed by November 2025, further advancing the exploration efforts in the region [7]. Project Overview - Kodiak's MPD Project is located in a prolific mining district in British Columbia and has outlined seven substantial mineralized zones, with an Initial Resource estimate expected by the end of 2025 [11]. - The project is characterized by its potential for large-scale deposits and is supported by excellent infrastructure in the area [11].
Torq Announces That Gold Fields Has Elected to Proceed to Stage 2 of Santa Cecilia Project Option USD$11 Million Drilling Program to Start at Santa Cecilia
Accessnewswire· 2025-10-20 10:00
Core Insights - Gold Fields Limited has elected to proceed with Stage 2 of the USD$48 million earn-in option for Torq's Santa Cecilia project, with an anticipated spend of approximately USD$11 million for drilling and property payments [1][2] - The drilling program is set to commence in early to mid-November, utilizing two drill rigs, with preparations already underway [1] - The CEO of Torq expressed excitement about the follow-up drilling, which aims to target mineralization and test additional targets based on previous successful drilling results [2] Company Update - Torq Resources Inc. is a Vancouver-based exploration company focused on copper and gold, with a portfolio of premium holdings in Chile [4] - The company is committed to responsible and sustainable exploration practices, guided by a management team with a successful track record in monetizing exploration assets [4] - The technical team includes local Chilean geologists with extensive experience and a notable history of major discoveries in the region [4]