Polymetallic replacement deposit

SSR Mining Announces Positive Exploration Results at Puna

Retrieved on: 
Monday, March 27, 2023

Puna is 100% owned by SSR Mining and is comprised of the Chinchillas and Pirquitas properties (see Figure 1).

Key Points: 
  • Puna is 100% owned by SSR Mining and is comprised of the Chinchillas and Pirquitas properties (see Figure 1).
  • SSR Mining approved the start of the Pirquitas mine and processing plant in October 2006, and the Chinchillas mine declared commercial production in December 2018.
  • Over the next three years, SSR mining expects Puna to produce 8.0 to 9.0 million ounces of silver annually.
  • In 2022, SSR Mining had two drill rigs operating at the Chinchillas property completing nearly 7,500 meters of drilling across 46 drill holes (see Figure 2 and Table 5).

Osisko Announces Record Preliminary Q2 2022 Deliveries, Revenues and Cash Margin

Retrieved on: 
Tuesday, July 12, 2022

Osisko earned approximately 22,240 attributable gold equivalent ounces1 (GEOs) in the second quarter of 2022, record deliveries for the Corporation since inception in 2014.

Key Points: 
  • Osisko earned approximately 22,240 attributable gold equivalent ounces1 (GEOs) in the second quarter of 2022, record deliveries for the Corporation since inception in 2014.
  • Osisko had record preliminary revenues from royalties and streams of C$51.5 million during the second quarter and preliminary cost of sales (excluding depletion) of C$3.7 million, resulting in a record quarterly cash margin2 of approximately C$47.8 million or approximately 93%.
  • Sandeep Singh, President and CEO of Osisko commented: Our royalty and streaming portfolio delivered records on a number of fronts in Q2 including GEO deliveries and absolute cash margins.
  • On May 24th, Osisko Development Corp. (Osisko Development) announced the results of a preliminary economic assessment (PEA) for the Cariboo Gold Project in central British Columbia.

Capstone Mining and Mantos Copper Complete Combination to Create Capstone Copper

Retrieved on: 
Wednesday, March 23, 2022

Concurrent with the closing of the Transaction, Mantos has been renamed Capstone Copper Corp. (Capstone Copper), is headquartered in Vancouver, B.C.

Key Points: 
  • Concurrent with the closing of the Transaction, Mantos has been renamed Capstone Copper Corp. (Capstone Copper), is headquartered in Vancouver, B.C.
  • As a result of the Arrangement, Old Capstone has become a wholly owned subsidiary of Capstone Copper.
  • As at closing, the former shareholders of Mantos will maintain their shareholding in Capstone Copper, representing the remaining 39.8% of the outstanding common shares.
  • The common shares of Capstone Copper are listed on the Toronto Stock Exchange under the ticker symbol CS.

Capstone Mining Receives Final Regulatory Approval to Combine with Mantos Copper to Create Capstone Copper Corp.

Retrieved on: 
Friday, March 11, 2022

The common shares of Capstone Copper Corp. will trade on the TSX under the symbol CS, in substitution for the common shares of the Company.

Key Points: 
  • The common shares of Capstone Copper Corp. will trade on the TSX under the symbol CS, in substitution for the common shares of the Company.
  • For more details on the Transaction, please refer to the news release dated November 30, 2021 entitled Capstone and Mantos Copper Combine to Create Capstone Copper, A Premier Copper Producer With Transformational Near-Term Growth available at www.capstonemining.com and on SEDAR.
  • Capstone Mining Corp. is a Canadian base metals mining company, focused on copper.
  • Mantos Copper owns 99.99% of Mantos Blancos and 69.99% of Mantoverde, with Mitsubishi Materials Corporation owning the remaining 30.00% of Mantoverde.

Golden Arrow Identifies Multiple Target Horizons and Announces First Drill Program at Rosales Copper Project, Chile

Retrieved on: 
Wednesday, August 4, 2021

This type of high-grade copper deposit is common in Chile, with well-known examples including the El Soldado and Mantos Blanco mines,"stated Brian McEwen, VP Exploration and Development for Golden Arrow.

Key Points: 
  • This type of high-grade copper deposit is common in Chile, with well-known examples including the El Soldado and Mantos Blanco mines,"stated Brian McEwen, VP Exploration and Development for Golden Arrow.
  • The Rosales Project currently includes 3,444 hectares of 100% held mineral claims and an additional 900 hectares under application.
  • The Project is located in the Atacama Region, a prolific mining district that hosts multiple large precious and base metal mines.
  • The initial reconnaissance program at Rosales identified two general areas of prospective copper mineralization: the Margarita Mine trend (MMT), and the NW Target.

Xtierra Drill Results on the Victor Vein

Retrieved on: 
Friday, February 26, 2021

Compared with the main Bilbao deposit, the current targeted mineralization is associated with a relatively narrow vein structure, possibly with skarn overtones.

Key Points: 
  • Compared with the main Bilbao deposit, the current targeted mineralization is associated with a relatively narrow vein structure, possibly with skarn overtones.
  • Commenting on the results, Tim Gallagher, Company President said, "The drill results on the first four holes are consistent with our expectations and demonstrating the continuity of the mineralization within the Victor vein which should improve the economics of the Bilbao deposit, especially with the much-improved outlook for silver prices, approaching the US$30 per ounce level.
  • We are waiting on analytical results on the fifth and final drill hole, X8B, which was drilled just north of the southernmost previous drill hole X100 which intersected 1 meter of 810 g/t Ag to test the extension of the Victor vein where it intersects a manto stockwork area, before determining next steps."
  • Drill core samples were sent to an SGS laboratory in Durango using the GE_ICP14B analytical method.

Freeman Intersects Shallow High-Grade Oxide Gold Mineralization at Lemhi: 14 g/t Au Over 10 Metres, 3.4 g/t Au Over 51.6 Metres, and 1.1 g/t Au Over 189.1 Metres

Retrieved on: 
Tuesday, January 12, 2021

Will Randall, President and CEO, commented, "These initial results clearly demonstrate the high-grade nature of the Lemhi gold project, including project enhancing thick shallow high-grade oxide gold zones.

Key Points: 
  • Will Randall, President and CEO, commented, "These initial results clearly demonstrate the high-grade nature of the Lemhi gold project, including project enhancing thick shallow high-grade oxide gold zones.
  • This is a great start to the drill campaign confirming historically defined mineralization as well as providing a more comprehensive understanding of the gold mineralization and its controls."
  • Geologically, the Lemhi Gold Project lies within the Idaho-Montana porphyry belt, a northeast-trending alignment of metallic ore deposits and mines related to granitic porphyry intrusions.
  • The mineralized zones have varying amounts of sulphides (pyrite, chalcopyrite, bornite, molybdenum, and occasionally arsenopyrite) where free gold is common.

Marimaca Project PEA Presentation, Webinar and Q&A

Retrieved on: 
Monday, September 14, 2020

VANCOUVER, British Columbia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (Marimaca Copper or the Company) (TSX: MARI) is pleased to announce that the presentation and recording from its Preliminary Economic Assessment (PEA) webinar, hosted by Marimaca Coppers President, Hayden Locke, is now available on the Companys website .

Key Points: 
  • VANCOUVER, British Columbia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (Marimaca Copper or the Company) (TSX: MARI) is pleased to announce that the presentation and recording from its Preliminary Economic Assessment (PEA) webinar, hosted by Marimaca Coppers President, Hayden Locke, is now available on the Companys website .
  • The webinar and Q&A were hosted on Wednesday, September 9, 2020 following the release of Marimaca Copper Projects (Marimaca) PEA on August 4, 2020.
  • Marimaca is hosted by intrusive rocks while the numerous manto deposits in the same region are hosted by volcanics.
  • Marimaca will benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.

Webinar and Q&A with VP of Exploration now available

Retrieved on: 
Tuesday, July 28, 2020

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (Marimaca Copper or the Company) (TSX: MARI) is pleased to announce that a recording of its most recent webinar, hosted by Marimacas VP of Exploration, Sergio Rivera, is now on the Companys website .

Key Points: 
  • VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (Marimaca Copper or the Company) (TSX: MARI) is pleased to announce that a recording of its most recent webinar, hosted by Marimacas VP of Exploration, Sergio Rivera, is now on the Companys website .
  • Marimaca is hosted by intrusive rocks while the numerous manto deposits in the same region are hosted by volcanics.
  • This prime location could enable its future development at a relatively modest capital investment.
  • Marimaca will benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.

Extension of Option Payment Deadlines for Marimaca Releases Cash for Focus on Local and District Exploration

Retrieved on: 
Thursday, July 9, 2020

Marimaca is hosted by intrusive rocks while the numerous manto deposits in the same region are hosted by volcanics.

Key Points: 
  • Marimaca is hosted by intrusive rocks while the numerous manto deposits in the same region are hosted by volcanics.
  • This prime location could enable its future development at a reduce capital cost relative to many other copper developments.
  • For further information please visit www.marimaca.com or contact:
    This news release includes certain forward-looking statements under applicable Canadian securities legislation.
  • Forward-looking statements include, but are not limited to, the impact of a rebranding of the Company, the future development and exploration potential of the Marimaca Project.