Porphyry copper deposit

Freeport to Acquire Yandera Copper Project

Retrieved on: 
Monday, June 28, 2021

Carpo is a privately-held company which controls Era Resources Inc., a corporation established under the laws of Cayman Islands and which itself controls an exploration license located in Papua New Guinea and which is commonly known as the "Yandera Copper Project".

Key Points: 
  • Carpo is a privately-held company which controls Era Resources Inc., a corporation established under the laws of Cayman Islands and which itself controls an exploration license located in Papua New Guinea and which is commonly known as the "Yandera Copper Project".
  • In connection with completion of the Transaction, the Company does not expect to assume any material liabilities, nor does it expect to devote the majority of its working capital or resources to the development of Carpo or the Yandera Copper Project.
  • The Yandera copper project is an igneous, intrusive-hosted, structurally controlled copper porphyry system with ancillary molybdenum and gold.
  • These forward-looking statements or information may relate to the intended completion of the Transaction, the Yandera Copper Project, and other factors or information.

Westminster Signs Definitive Agreement and Triples Land Package in Chile's Atacama

Retrieved on: 
Thursday, June 24, 2021

This marks an important milestone for the Company and advances its strategic copper focus in Latin America.

Key Points: 
  • This marks an important milestone for the Company and advances its strategic copper focus in Latin America.
  • The copper-rich mineralized system at Mostazal, exposed over ten-square-kilometres in out-crop and historic mines, extends under cover into Atacama gravels surrounding the property.
  • Accordingly, Westminster has staked additional exploration claims through its wholly owned Chilean subsidiary, taking the total coverage area in both exploitation and exploration licenses from 13-square-kilometres to 39-square-kilometres.
  • Mostazal represents a tier-one, drill-ready copper porphyry target within the most richly endowed geological setting in the region.

Copper Prices in the Spotlight After Rebound from Two Month Low

Retrieved on: 
Wednesday, June 23, 2021

NEW YORK, June 23, 2021 /PRNewswire/ -- The price of Copper rebounded on Monday and Tuesday after previously hitting a two month low last week.

Key Points: 
  • NEW YORK, June 23, 2021 /PRNewswire/ -- The price of Copper rebounded on Monday and Tuesday after previously hitting a two month low last week.
  • The mining market is segmented into mining services; general minerals; stones; copper, nickel, lead and zinc; metal ore and coal, lignite, and anthracite.
  • The first core drillhole at Big Sandy (BS-1) drilled deep into a new porphyry copper system (see January 12, 2021 news).
  • It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

Orestone Drilling Intersects Tabular Gold-Copper Zones at Captain Indicating a Large Gold-Copper Porphyry System

Retrieved on: 
Thursday, June 17, 2021

This environment indicates the presence of a large gold-copper porphyry system and the lower intersection in drill hole C21-02 indicates the potential for higher grade within the mineralized system.

Key Points: 
  • This environment indicates the presence of a large gold-copper porphyry system and the lower intersection in drill hole C21-02 indicates the potential for higher grade within the mineralized system.
  • All of the mineralized intercepts encountered on the Captain Project to date indicate that a gold enriched calc-alkaline porphyry system exists.
  • In terms of size, the outer phyllic alteration halo has been intersected in drilling over an area of 1.5 by 2 kilometres indicating the presence of a large hydrothermal fluid rich system.
  • Follow-up drilling will be underway during the summer," stated David Hottman, CEO and Director of Orestone Mining Corp.

World Copper Announces Effective Date of Consolidation

Retrieved on: 
Wednesday, June 16, 2021

Provides Update on Escalones Drilling Program and Zonia Acquisition

Key Points: 
  • The Company anticipates that the Shares will begin trading on a post-Consolidation basis effective market open on June 18, 2021.
  • World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused on the exploration and development of its two primary copper porphyry projects, Escalones and Cristal, both located in Chile.
  • World Copper is pursuing five copper porphyry targets, one with estimated mineral resources, significant soluble copper mineralization, and exciting potential to expand the resource base.
  • The World Copper team has a unique skill in navigating the mining sector within Chile, with some members having worked in the country for more than 40 years and with discovery success.

CopAur Minerals Commences Drilling At The Williams Copper-Gold Project in the Toodoggone Region In British Columbia

Retrieved on: 
Monday, June 14, 2021

Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company")is pleased to announce that drilling has commenced on the Williams Property in the Toodoggone region within the prolific Golden Horseshoe of north central British Columbia.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) - CopAur Minerals Inc. (TSXV: CPAU) (the "Company")is pleased to announce that drilling has commenced on the Williams Property in the Toodoggone region within the prolific Golden Horseshoe of north central British Columbia.
  • The Williams property is located halfway between the Red Chris mine and Kemess North mine, and on trend with the 3 million ounce Lawyers Gold-silver deposit.
  • Jeremy Yaseniuk CEO of CopAur said, "We are incredibly pleased to be testing these promising targets so early in the season.
  • CPAU is an exploration company focused on advancing orogenic gold and copper porphyry targets on the William gold copper project, located within the prolific Golden Horseshoe of northern British Columbia, Canada.

Solaris Commences Maiden Drilling at Warintza East; Major Porphyry Target Defined at Yawi

Retrieved on: 
Monday, June 14, 2021

VANCOUVER, BC, June 14, 2021 /PRNewswire/ - Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company") is pleased to announce the commencement of maiden drilling at Warintza East.

Key Points: 
  • VANCOUVER, BC, June 14, 2021 /PRNewswire/ - Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company") is pleased to announce the commencement of maiden drilling at Warintza East.
  • In addition, the Company has defined a major copper porphyry target at Yawi from the further processing of geophysical and geochemical data at its Warintza Project ("Warintza" or "the Project"), extending the strike length of the Warintza cluster of porphyry targets to 7km.
  • In addition, further data processing has revealed a much more extensive porphyry target at Yawi than previously understood with additional sampling now underway."
  • The target is defined by overlapping copper and molybdenum soil anomalies associated with an underlying high-conductivity anomaly.

Westminster Stakes Strategic Ground in Peru and Updates on Peru Operations

Retrieved on: 
Wednesday, June 9, 2021

These acquisitions, generated by our in-country advisors, perfectly fit our model of big copper porphyry and IOCG targets within known copper mineralized systems."

Key Points: 
  • These acquisitions, generated by our in-country advisors, perfectly fit our model of big copper porphyry and IOCG targets within known copper mineralized systems."
  • Westminster is committed to using the best available data and current interpretive technologies and methodologies to direct its activities.
  • As such, the company was able to add 100% exposure to strategic and prospective ground at the lowest possible cost of entry.
  • Figure 1: Westminster Resources Ltd southern Peru project locations, showing simplified regional geology.

World Copper Announces Amendment to Letter Agreement for the Acquisition of the Zonia Copper Oxide Project

Retrieved on: 
Wednesday, June 9, 2021

The Royalty Option may be exercised by the Royalty Holder, in its sole discretion, by paying to World Copper an amount equal to approximately $1.41 million.

Key Points: 
  • The Royalty Option may be exercised by the Royalty Holder, in its sole discretion, by paying to World Copper an amount equal to approximately $1.41 million.
  • Zonia is a near-surface, copper-oxide resource and a brownfields site having already been mined in the late 1960s and '70s.
  • At a copper price of $3.00/lb, Zonia shows an after-tax NPV at 6% of $225 million, and an IRR of 29.0%.
  • World Copper is pursuing five copper porphyry targets, one with estimated mineral resources, significant soluble copper mineralization, and exciting potential to expand the resource base.

Drilling Commences at Pacific Ridge's Spius Porphyry Copper Project

Retrieved on: 
Monday, June 7, 2021

Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to report that a 550-metre drill program has commenced at its Spius copper porphyry project ("Spius" or the "Property").

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Pacific Ridge Exploration Ltd. (TSXV: PEX) ("Pacific Ridge" or the "Company") is pleased to report that a 550-metre drill program has commenced at its Spius copper porphyry project ("Spius" or the "Property").
  • "It's great news for Pacific Ridge's shareholders," said Blaine Monaghan, President and CEO of Pacific Ridge.
  • Further, this allows us to focus on the upcoming drill program at our flagship Kliyul copper-gold porphyry project.
  • Pacific Ridge's flagship project is the advanced-stage Kliyul copper-gold project, located in the Quesnel Trough, approximately 50 km southeast of Centerra Gold's Kemess project.