Base case

Gran Tierra Energy Inc. Announces 2024 Guidance and Operations Update

Retrieved on: 
Tuesday, January 23, 2024

Costayaco: in this oil field, located in the northern Putumayo Basin, Gran Tierra plans to drill 3 to 5 development wells.

Key Points: 
  • Costayaco: in this oil field, located in the northern Putumayo Basin, Gran Tierra plans to drill 3 to 5 development wells.
  • Gran Tierra’s 2024 exploration drilling is planned to follow up on the encouraging results from the Company’s 2022 exploration program.
  • Gran Tierra remains focused on generating strong Free Cash Flow2, ongoing net debt5 reduction and shareholder returns via share buybacks.
  • Share Buybacks: During 2024, Gran Tierra plans to allocate up to approximately 50% of its Free Cash Flow to share buybacks in the Base Case.

American Lithium Files Updated Mineral Resource Technical Report on Falchani Supporting 476% Increase in Measured & Indicated Lithium Resource

Retrieved on: 
Friday, December 15, 2023

(“American Lithium” or the “Company”) (TSX-V: LI | Nasdaq: AMLI | Frankfurt: 5LA1 ) is pleased to announce it has filed the independent National Instrument 43-101 Technical Report on the updated Mineral Resource Estimate (“MRE”) for the Falchani Lithium Project (“Falchani”) located in Southwestern Peru and as announced on October 31, 2023.

Key Points: 
  • (“American Lithium” or the “Company”) (TSX-V: LI | Nasdaq: AMLI | Frankfurt: 5LA1 ) is pleased to announce it has filed the independent National Instrument 43-101 Technical Report on the updated Mineral Resource Estimate (“MRE”) for the Falchani Lithium Project (“Falchani”) located in Southwestern Peru and as announced on October 31, 2023.
  • the updated M&I Resource is 5.32 Mt LCE versus 0.96 Mt LCE from previous March 2019 MRE – an increase of 455%; and
    Increased size and grade of resource supports long production potential at Falchani.
  • Simon Clarke, CEO of American Lithium, states, “We continue to make excellent progress at Falchani and this very large increase and reclassification of the Falchani Resource follows a very successful drill program completed Q3, 2023.
  • American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas.

McEwen Copper: Los Azules – More Post-PEA Assay Results

Retrieved on: 
Tuesday, August 1, 2023

TORONTO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports additional assay results of the recently completed drilling season at its Los Azules project, located in San Juan, Argentina.

Key Points: 
  • The drilling results are summarized on four schematic cross sections that include interpretations of Overburden, Leached, Enriched (also called Supergene) and Primary (also called Hypogene) mineral zones.
  • The green line on each section indicates the wall of the Base Case 27-year pit outline according to the updated PEA.
  • In addition, the laboratory performs its own internal QAQC checks, with results made available on certificates for Company review.
  • Link to drill results, locations and lengths of drill hole collars corresponding to June 2023 at Los Azules:

McEwen Copper: Los Azules – Latest Assay Results

Retrieved on: 
Wednesday, July 12, 2023

TORONTO, July 12, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), today reports additional copper values over wide intercepts resulting from drilling performed on its Los Azules project, located in San Juan, Argentina. McEwen Copper recently published an updated Preliminary Economic Assessment (PEA) on a copper leaching phase of development (see release dated June 20, 2023). Infill and other resource drilling completed since the PEA model data cut-off date confirm very good alignment of new assay results to the resource model prediction for the same area. Also, copper grade continuity modeled in the core of the deposit is well-supported by core logging and new assay results. Los Azules is a large copper-gold-silver porphyry deposit with growth potential, it has many features comparable to world-class copper-gold deposits in South America and its depth and lateral extent have not yet been determined. Infill drilling serves several purposes: providing better data density to upgrade confidence in the mineral resources, providing material and data for metallurgical, geotechnical, and hydrological studies.

Key Points: 
  • The drilling results are summarized on four schematic cross sections that include interpretations of Overburden, Leached, Enriched (also called Supergene) and Primary (also called Hypogene) mineral zones.
  • Adjacent cross sections occur every 50 m with the lowest section numbers located at the southern end of the field and increasing northwards.
  • In addition, the laboratory performs its own internal QAQC checks, with results made available on certificates for Company review.
  • Link to drill results, locations and lengths of drillhole collars corresponding to May 2023 through June 2023 at Los Azules:

Northstar Announces Updated Economics and Capital Estimate, and Provides Corporate Update on Funding Progression for the Empower Calgary Facility

Retrieved on: 
Thursday, April 20, 2023

The Company also announces an updated internal capital estimate for the Empower Calgary Facility (the "Updated Internal Capital Estimate").

Key Points: 
  • The Company also announces an updated internal capital estimate for the Empower Calgary Facility (the "Updated Internal Capital Estimate").
  • Mr. Aidan Mills, President & CEO and Director of Northstar, stated, "We are pleased to announce updated project economics for our Empower Calgary Facility.
  • Production at the Empower Pilot Facility has enabled us to both significantly de-risk the technical design for the Empower Calgary Facility and allow us to improve our capital and project economic estimates."
  • The Updated Project Economics are based on a number of factors including critical lessons learned from operating the Empower Pilot Facility, and customer and critical equipment supplier feedback.

American Lithium Files Updated Mineral Resource Technical Report on TLC Supporting Large Increase in Lithium Resources

Retrieved on: 
Tuesday, January 17, 2023

The MRE and Technical Report were completed by Stantec Consulting Services Inc. (“Stantec”), which established a much larger lithium resource base to support the maiden preliminary economic assessment on TLC (“PEA”).

Key Points: 
  • The MRE and Technical Report were completed by Stantec Consulting Services Inc. (“Stantec”), which established a much larger lithium resource base to support the maiden preliminary economic assessment on TLC (“PEA”).
  • There are no material differences in the NI 43-101 Report from the information disclosed in the December 1, 2022 News Release.
  • There is no certainty that any mineral resource will be converted into mineral reserve.
  • American Lithium has no assurance that the outcome of these appeals will be in the Company’s favour.

Discovery Reports Q4 2021 Financial Results and Update

Retrieved on: 
Thursday, April 28, 2022

TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (Discovery or the Company) is pleased to announce its financial results for the fourth quarter (Q4 2021) and year ended December 31, 2021, and to provide a summary of key events for the quarter and subsequent to year-end.

Key Points: 
  • TORONTO, April 28, 2022 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (Discovery or the Company) is pleased to announce its financial results for the fourth quarter (Q4 2021) and year ended December 31, 2021, and to provide a summary of key events for the quarter and subsequent to year-end.
  • Further details on the PEA results can be found in our news release dated November 30, 2021.
  • Subsequent to the year ended December 31, 2021, we announced two sets of drill results from our ongoing Phase 2 drill program.
  • Supporting Technical Disclosure for drill results can be found at the end of this release
    The following selected financial data is summarized from the Companys consolidated financial statements and related notes thereto (the Financial Statements) for the year ended December 31, 2021, and the Managements Discussion and Analysis (MD&A) for the year ended December 31, 2021.

Fox River Announces Positive PEA for Martison Phosphate Project with After-tax NPV8% of USD$2.5B and IRR of 23.1% at Current Commodity Prices

Retrieved on: 
Thursday, April 21, 2022

Step down transformers will be constructed at the FCC and mine site to distribute the power to the infrastructure at both locations.

Key Points: 
  • Step down transformers will be constructed at the FCC and mine site to distribute the power to the infrastructure at both locations.
  • All road improvements and the extension will be required as the first activity for the project construction phase.
  • Higher agricultural commodity prices coupled with a drive led by young progressive farmers to boost productivity are fueling the increase in phosphate use.
  • The transportation costs reflected in Table 8 are the same for both Base Case and Current Case scenarios.

SilverCrest Reports Q3 2021 Financial Results

Retrieved on: 
Monday, November 15, 2021

VANCOUVER, BC, Nov. 15, 2021 /PRNewswire/ -SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the Company's unaudited financial results for the third quarter of 2021 ("Q3, 2021").

Key Points: 
  • VANCOUVER, BC, Nov. 15, 2021 /PRNewswire/ -SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to report the Company's unaudited financial results for the third quarter of 2021 ("Q3, 2021").
  • At the end of Q3, 2021, approximately $59.0 million in capital remains to be incurred through commissioning.
  • Site Safety Remains Key Priority At the end of Q3, 2021, after 1.33 million work-hours completed at site, the Company's lost time injury frequency rate was 0.60.
  • Results for this drilling are being compiled and are expected to be released in Q4, 2021.

Mainstream Share Purchase Agreement with Radio Fuels

Retrieved on: 
Tuesday, September 14, 2021

Toronto, Ontario--(Newsfile Corp. - September 14, 2021) - Mainstream Minerals Corporation (the "Company") is pleased to announce that it has entered into a share purchase agreement dated September 14, 2021 (the "Share Purchase Agreement"), with Radio Fuels Resources Corp. ("Radio Fuels") and the shareholders of Radio Fuels (collectively, the "Vendors"), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Radio Fuels (the "Transaction").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 14, 2021) - Mainstream Minerals Corporation (the "Company") is pleased to announce that it has entered into a share purchase agreement dated September 14, 2021 (the "Share Purchase Agreement"), with Radio Fuels Resources Corp. ("Radio Fuels") and the shareholders of Radio Fuels (collectively, the "Vendors"), pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of Radio Fuels (the "Transaction").
  • Radio Fuels is a private company formed under the laws of Ontario, whose sole asset is a 100% interest in certain mineral claims and leases located in the Mining District of Sault St. Marie, Ontario (the "Property").
  • The Elliot Lake camp has historically produced more than 270 million pounds of U3O8 from vast, strata-bound deposits.
  • The Units to be issued upon conversion of the Subscription Receipts will be comprised of one common share of the Company (a "Unit Share") and one-half of one whole common share purchase warrant (each whole warrant, a "Warrant").