IOCG

Marimaca Condemnation Drilling Intersects 30m at 1.0% CuT from 62m in Newly Discovered San Lorenzo Area; Confirms Project Layout

Retrieved on: 
Monday, January 15, 2024

Drilling targeted key areas defined for planned site infrastructure to confirm absence of mineralization and suitability for development.

Key Points: 
  • Drilling targeted key areas defined for planned site infrastructure to confirm absence of mineralization and suitability for development.
  • We have used the information from this program for the dual purpose of confirming ground conditions to underpin expected civil earthworks estimation.
  • This confirms that the site has good ground conditions and civil earthwork is as expected in previous studies.
  • We are finalizing 2024 exploration plans particularly for the Sierra de Medina project and will update as new developments occur.

Golden Arrow Announces US$5 Million Option Agreement to Support Resource Delineation Program at the San Pietro IOCG Project

Retrieved on: 
Friday, January 12, 2024

NGE holds a 100% interest in the Company's San Pietro iron oxide-copper-gold-cobalt project in Chile (the "San Pietro Project").

Key Points: 
  • NGE holds a 100% interest in the Company's San Pietro iron oxide-copper-gold-cobalt project in Chile (the "San Pietro Project").
  • The proximity of the San Pietro Project to other mining projects in the area does not provide any assurances with respect to the prospects at the San Pietro Project.
  • With completion of this arrangement with SSA, the Company is fine-tuning its geological modeling to finalize the drill spacing and program required to support a NI 43-101 mineral resource estimate at San Pietro.
  • The full 2024 exploration and resource delineation drilling program will be announced in the coming weeks.

Vortex Metals Concludes the Definitive Agreement to Acquire an 80% Interest in the Illapel Copper Project, Chile

Retrieved on: 
Monday, November 20, 2023

Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.

Key Points: 
  • Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.
  • Vikas Ranjan, Chief Executive Officer and a Co-Founder of Vortex Metals, stated "we are very excited to conclude the Definitive Agreement and begin exploration work.
  • Such terms are described later in this press release under the heading Terms and Conditions of the Illapel Copper Deal.
  • All Vortex Shares issuable pursuant to the Definitive Agreement will be subject to a 12-month contractual escrow from the date of issuance.

Ero Copper Agrees with Vale Base Metals to Enter into Earn-in Agreement for a 60% Interest in the Furnas Copper Project

Retrieved on: 
Monday, October 30, 2023

"We are delighted for the opportunity to partner with VBM to advance the Furnas copper project.

Key Points: 
  • "We are delighted for the opportunity to partner with VBM to advance the Furnas copper project.
  • We are fully committed to unlocking value for all stakeholders by accelerating what we believe is a world-class project," said David Strang, Chief Executive Officer.
  • Furnas is an IOCG project located approximately 50 kilometers southeast of VBM's Salobo operations and approximately 190 kilometers northeast of Ero's Tucumã Project.
  • Figure 1: Map of the Carajás Mineral Province, highlighting the location of Furnas as well as the Tucumã Project.

Inventus Provides Exploration Results from the Dorland Co-Au-Cu-Ni Prospect

Retrieved on: 
Wednesday, October 18, 2023

TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its drill program at the 100%-owned Dorland Co-Au-Cu-Ni Prospect, located 36 km northeast of Sudbury, Ontario.

Key Points: 
  • TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its drill program at the 100%-owned Dorland Co-Au-Cu-Ni Prospect, located 36 km northeast of Sudbury, Ontario.
  • The Company followed up on encouraging cobalt and gold values in surface prospecting with ten shallow diamond drill holes totalling 1,000 metres (m).
  • The Dorland program is approximately 50% government-funded with the support of the Ontario Junior Exploration Program (OJEP).
  • Work on an initial Sudbury 2.0 NI 43-101 Technical Report is currently advancing and regional prospecting of the area is ongoing.

Positive Results Reinforce Potential Porphyry and Skarn Mineralization at Blanco and Tinto Zones, Auquis Project

Retrieved on: 
Wednesday, September 27, 2023

Robust Geochemical Signatures: The soil sampling results have unveiled robust anomalous geochemical signatures associated with both porphyry and skarn-style mineralization.

Key Points: 
  • Robust Geochemical Signatures: The soil sampling results have unveiled robust anomalous geochemical signatures associated with both porphyry and skarn-style mineralization.
  • Skarn Mineralization at Blanco Zone: The western part of the property, particularly the Blanco Zone, has yielded outcropping skarn mineralization with a prominent multi-element base metal signature.
  • Soil sampling results highlight robust anomalous geochemical signatures associated with mapped porphyry- and skarn-style mineralization (Figure 1).
  • Gridded soil / talus sample results from the Auquis project highlighting copper anomalies surrounding the Rose porphyry zone and zinc anomalies surrounding the Blanco skarn zone.

Latitude Uranium Provides Update to Shareholders

Retrieved on: 
Monday, August 21, 2023

TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to provide an update to shareholders in an open letter from President and CEO John Jentz.

Key Points: 
  • TORONTO, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to provide an update to shareholders in an open letter from President and CEO John Jentz.
  • Throughout the past year, Latitude has solidified its position as a Canadian uranium explorer and developer.
  • With the resurgence in the nuclear sector, I am pleased to share an update on the steps we are taking to position Latitude for future success.
  • I joined Latitude Uranium as CEO as part of the acquisition of the Angilak Project, which saw the Company add an excellent uranium asset in Canada with over $95 million previously spent advancing the project.

Marimaca Announces Results from Eastern MOD Diamond Exploration Drilling

Retrieved on: 
Thursday, July 27, 2023

VANCOUVER, British Columbia, July 27, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the results of the five drill hole diamond drilling exploration program from the eastern margin of the Marimaca Oxide Deposit (“MOD”).

Key Points: 
  • VANCOUVER, British Columbia, July 27, 2023 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the results of the five drill hole diamond drilling exploration program from the eastern margin of the Marimaca Oxide Deposit (“MOD”).
  • The program encountered challenging drilling conditions due to the orientation of the drilling from existing drill-pads along major known structures at the MOD.
  • Results from this program and learnings regarding the approach for potential future deeper drilling, particularly origin and orientation, and will be considered for the design of follow-up exploration work.
  • Approaching from the west will take time to plan new drilling infrastructure rather than using existing eastern drill pads at the MOD, however we believe the sulphide potential warrants this.

Inventus Completes First Phase of Drilling at the Dorland Prospect

Retrieved on: 
Thursday, July 20, 2023

TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce the completion of its initial drilling program at the 100%-owned Dorland Co-Au-Cu-Ni Prospect, located 36 km northeast of Sudbury, Ontario.

Key Points: 
  • TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce the completion of its initial drilling program at the 100%-owned Dorland Co-Au-Cu-Ni Prospect, located 36 km northeast of Sudbury, Ontario.
  • The Company successfully tested the mineralization and induced polarization geophysical anomalies at the Dorland Co-Au-Cu-Ni prospect intersecting large zones of sulphide breccia, including multiple zones of massive sulphide.
  • A total of 10 holes were completed for 1,014 metres of drilling with all 10 holes intersecting a zone of alteration and sulphide breccia.
  • The drilling intersected similar geological units found on the surface consisting of a zone hydrothermal alteration within unaltered diamictites of the Gowganda sediments.

Golden Arrow Drills 64m of 0.86% Cu, 0.20g/t Au, 196g/t Co & 25.9% Fe at central Rincones Target, San Pietro Project, Chile

Retrieved on: 
Wednesday, July 12, 2023

Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "We are thrilled with the results from our first drilling at Rincones.

Key Points: 
  • Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "We are thrilled with the results from our first drilling at Rincones.
  • The 6 holes drilled in Rincones successfully validated the geological model described previously and in all cases they encountered Cu-Co-Au-Fe mineralization.
  • Figure 1 is a plan map of the Rincones drill holes, and a full summary of mineralized intervals is shown in Table 1.
  • Hole SP-DDH-12 was drilled into the sparsely tested central part of the Rincones target area and tested the depth extent of a newly mapped copper-bearing magnetite outcrop.