C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce it has intersected 309 metres at 0.44% Cu and 0.33 gt Au beginning 15 metres down hole. This result is from 330 metres of a 703 metre drill hole at the Company's 100% owned Bellas Gate Project in Jamaica. Two additional holes have been completed at the Epidote Ridge target (assays pending) within Bellas Gate. The total program is anticipated to be 5,000 metres. Bellas Gate, as well as C3 Metals' other projects in Jamaica, sit within the highly prospective Crawle River-Rio Minho Fault Porphyry and Epithermal District ("CRF District").
Figure 1: Map showing C3 Metals' mineral tenure within the CRF District in Jamaica.
To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/2661/136725_b96682f30467a86e_001full.jpg
Dan Symons, President & CEO, of C3 Metals stated, "Although these assay results represent less than half the first drill hole of a five-hole program, we felt it prudent to immediately announce the results given the outstanding continuity and grades of the copper and gold minerilzation reported to date. The Bellas Gate Project sits within the CRF District, a major structural break which cuts across Jamaica and is known to host multiple porphyry systems. Our understanding of the Epidote Ridge system within Bellas Gate has been significantly advanced by our recent geological mapping and geophysics interpretations, and we believe the target has tremendous potential. These partial assays of the first hole drilled in this target supports our thesis. We look forward to completing the ongoing 5,000m program and receiving all assays."
To date, three holes have been completed to test the porphyry potential at the Epidote Ridge target, which is centrally located to five porphyry systems: Connors, Camel Hill, Geo Hill, Lucky Valley and Ginger Ridge (Figure 1). The first hole, CON9325-001, tested an interpreted hydrothermal channel way plunging to the east of Connors under Epidote Ridge (Figure 2). The Company is well-advanced on a 5,000-metre core drilling program to test several compelling, high-priority copper and gold porphyry targets.
Figure 2: Epidote Ridge target area (dashed polygon) and the two drill collars at Connors and Camel Hill.
To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/2661/136725_b96682f30467a86e_002full.jpg
Figure 3: Cross section through CON9325-001 showing assays and interpreted geology.
To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/2661/136725_b96682f30467a86e_003full.jpg
Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.
Dan Symons President and CEO +1 416 716 6466 dsymons@c3metals.com
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's holds the Jasperoide project is located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru and covers 27,200 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 20,700 hectares of highly prospective copper-gold terrain within the CRF District in Jamaica, where mining history dates to the 1500's and 1800's when Spanish and British mining companies targeted high grade copper in veins. C3 also holds a 2% royalty in Tocvan's Rogers Creek project.
Related Link: www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136725
News Provided by Newsfile via QuoteMedia
Copper is now referred to as “the new oil” and the “metal of the future” because its durability, recyclability and superior conductivity make it a valuable resource as the world transitions towards sustainability. Electric vehicles (EVs) contribute to a more sustainable future and copper is a major component in the production and use of green mobility. In the US alone, 7 million EVs will be required by 2025. As the world travels the road to sustainable energy, the demand for copper increases.
Copper prices surged in late 2020, which reached US$6,800 per MT, the best rate since June 2018. The trend has continued into 2021, with prices rising 11 percent in Q1, in line with commodities surging across the board.
C3 Metals Inc. (TSXV:CCCM,OTCQB: CUAUF) is an ambitious exploration company focused on creating shareholder wealth through the identification, acquisition, and exploration of large-scale copper-gold exploration opportunities in mining-friendly jurisdictions like Peru, which is recognized as the second-largest copper exporter in the world.
C3’s most exciting venture is their acquisition of the Jasperoide project, covering 57 square meters in the heart of ‘elephant country’ in Southern Peru. This project is located just 50km from notable copper-gold deposits like Las Bambas (1.2 BT at 0.61 percent Cu), Constancia (534 MT at 0.31 percent Cu) and Haquira (569 MT at 0.56 Cu). Additionally, past exploration results have revealed that high-grade mineralization exists at the surface, containing 14g/t gold and 18.5 percent copper in rock chips.
Preliminary drilling on the Jasperoide project has already provided good news for the company. According to a May 2021 press release, “Results from seven holes on the first drill section intersected broad zones of high-grade copper-gold mineralization within a larger low-moderate grade envelope. The drill program will now proceed to its planned 10,000m looking to expand the near-surface copper-gold footprint.”
Another advantage of the Jasperoide project is the fact that the initial infrastructure is already in place. This should simplify the logistical processes required to ramp up future production. In addition to Jasperoide, the company has 100 percent control over five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.
C3 Metals also operates in Jamaica, a country that is recognized as a diverse mining region that boasts unique mineralogy. Historically, Jamaica was best known as a producer of bauxite, but more recently, has seen the discovery of gold and copper porphyry occurrences. C3 Metals’ early entry into Jamaica means it should benefit from first-mover advantage and be best positioned to capitalize on these opportunities.
One of the company’s two BC copper – gold projects is under JV to Tocvan Ventures (TOC:CSE) who has the ability to earn 80% by spending on exploration and issuing shares. The other project in BC – Mackenzie – is currently available for option or sale.
C3 Metals’ management team has a proven track record of returning value to shareholders. Management brings decades of experience in mineral exploration, resource development and project management, providing the needed industry expertise to oversee complex mining projects.
C3’s flagship project is the 57 square kilometer Jasperoide project located in Southern Peru.
Considerable upside potential at Jasperoide lies in the interpreted “STACKED” skarn system with well-developed mineralogic zonation which shows garnet, diopside skarn and magnetite skarn. There is a drill-defined near-surface oxide copper zone, deeper porphyry-style mineralization and intermediate sulphidation vein overprinting. Given the large volume of skarn mineralization seen at Jasperoide, the potential for a very large copper-gold deposit similar in scale to neighboring mines is very high.
Access is by primary and secondary roads from the regional capital of Cusco. The average elevation at the Jasperoide site is 4,300m, located on a gently rolling plateau. Previous exploration has identified copper and gold mineralization in a magnetite skarn with a classic hydrothermal alteration signature of an underlying copper porphyry system.
C3 Metals Inc. controls 100 percent of five mineral exploration licenses covering 207 square kilometers of highly prospective copper-gold terrain in Jamaica.
Excellent potential at BGP (Bella’s Gate Project) exists for economically viable copper-gold deposits, with porphyry, epithermal, skarn, oxide and copper gold (IOCG) type targets.
The company has identified seven porphyry systems at the Bellas Gate Project where recent drilling has discovered a new zone with the initial drill hole intersecting 339m of 0.34 percent CuEq, including 10m of 1.79 percent CuEq.
New mineral exploration and development is welcome and encouraged by the Jamaican Government. The country has a long history of mining, beginning with the Spanish in the 16th Century, continuing with the British in the 19th Century, and today the modern bauxite industry is still thriving.
Mineral extraction in Jamaica is a very large contributor to the country’s GDP. British-based law, Canadian banking institutions, good infrastructure, and ready access to deep water shipping ports all contribute to a beneficial mining environment.
Tony Manini is a geologist with +30 years of diverse experience in the resource industry. His background covers a wide range of commodities in more than 20 countries and includes technical, commercial, and senior management and executive roles in exploration, business development, strategy and operations with Rio Tinto, Oxiana-Oz Minerals, Tigers Realm and EMR Capital.
Dan Symons brings over 15 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $800 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.
John McNeice is a Chartered Professional Accountant registered in Ontario, Canada. Mr. McNeice provides financial consulting and chief financial officer services to emerging private and junior public companies. Presently Mr. McNeice is also CFO of Gold79 Mines Ltd. (TSX-V: AUU) and Northern Graphite Corp. (TSX-V: NGC) where he is responsible for financial and regulatory reporting as well as day-to-day financial management.
From September 2005 to May 2007, Mr. McNeice was Chief Financial Officer of Ur-Energy Inc. (TSX: URE), a uranium exploration and development company. He was a key member of the management team completing the initial public offering on the Toronto Stock Exchange. During Mr. McNeice’s tenure, Ur-Energy raised an aggregate of $150 million in a series of private placements, the IPO and several secondary financings which funded the development and eventual production of uranium at the Lost Creek Project in Wyoming, USA.
Mr. Hughes is an economic geologist with over 20 years of technical and management experience covering exploration, development and mine geology. Specializing in porphyry copper-gold, skarn and epithermal systems has led to the discovery-delineation and development of more than 2 billion tonnes of copper-gold resources in the Asia-Pacific region since 1999. Steve’s experience includes 12 years with PT Freeport Indonesia at the giant Grasberg mine, both in the open pit and as manager of the underground mine geology and exploration groups and 14 years as Exploration Manager – Indonesia for Oxiana Limited and VP – Exploration for Tigers Realm/Asiamet Resources where his roles have focused on managing the acquisition, exploration and development of Company making Cu-Au opportunities.
Recent successes include the acquisition and development of the Beutong porphyry Cu-Au deposit, as well as the discovery and development of the BKM copper and BKZ polymetallic deposits in Indonesia, all of which are currently being advanced through resource delineation and/or feasibility studies.
Mr. Rowlands has over 25 years of experience in mining finance. He is the former managing director of First Marathon Securities (London) and former Head of Sales for Gordon Capital (NYC). Since 1999, Mr. Rowlands has held several senior finance positions, including with Yorkton Securities, Westwind Partners, Jennings Capital and PowerOne Capital Markets Ltd.
Mr. Rowlands has been an active investor and founding shareholder in several mining ventures, notably Auryx Gold, which was acquired by B2Gold for its Otjikoto project in Namibia in 2011. He is currently Vice-President, Investor Relations and Corporate Development for Cardinal Resources Inc. (TSX: CDV).
Mr. Ackert began his career as a regional geologist with St. Joe Minerals, Bond Gold Canada and LAC Minerals in the 1980s. In 1990 he became a mine geologist at LAC Minerals’ Golden Patricia Mine (Barrick Gold Corp after 1994) where he specialized in production and exploration. In 1996 he was appointed VP Exploration for Orezone Resources Inc. focusing on West Africa and was subsequently named VP Technical Services in 2005.
During his time at Orezone, its market cap increased from $2M to over $300M due to resource development of various projects in West Africa including Essakane, Sega and Bondigui in Burkina Faso. Since 2007, Mr. Ackert has been the sole principal of JSA International Geoconsulting and since early 2008 a Director of Advance Gold Corp.
Mr. Irwin is a principal of Irwin Lowy LLP, a Toronto-based law firm specializing in Corporate and Securities Law. Between 2004 and 2006, he was associated with Wildeboer Dellelce LLP. From 1998 to 2004, he was associated initially with Boyle & Company and subsequently with Power Budd LLP. Presently Mr. Irwin is a director and/or officer of several public companies. Mr. Irwin was Corporate Secretary for Kinbauri Gold Corp. from 2004-2009.
Mr. Irwin received his Bachelor of Arts from Bishop’s University in Lennoxville, Quebec in 1990 and his Bachelor of Laws from the University of New Brunswick in Fredericton, New Brunswick in 1994. He has been a member of the Law Society of Upper Canada since 1996.
Rock Chips Assayed up to 14.2 g/t Gold and 5.2% Copper
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to report the discovery of a large-scale, intermediate sulfidation epithermal gold and copper vein swarm at the Company's 100% owned Arthurs Seat project. First rock chip assays from this discovery returned up to 14.2 gt Au, 5.2% Cu and 53 gt Ag. The Arthurs Seat project is in the highly prospective Crawle River-Rio Minho Fault Porphyry and Epithermal District ("CRF District") of Jamaica.
An extensive area of epithermal veins and breccias (Figure 1) has been outlined on the Arthurs Seat project. Field mapping to date indicates quartz vein and breccia structures up to 25 metres in true width that have been discontinuously traced over two kilometres of strike. This newly discovered vein swarm is located approximately 500 metres southeast of the previously announced high-grade copper-silver mineralization (see assays up to 13.8% Cu and 492 g/t Ag in press release dated June 2, 2022).
Dan Symons, President & CEO, stated, "We believe that the CRF District is a completely untapped district scale play of which C3 Metals holds 20,700 hectares. True greenfields discoveries in this day and age are very rare. We now have two highly prospective targets to evaluate within our Arthurs Seat project. We believe the underexplored nature of our Jamaican projects and the 25 km strike potential of the CRF District represents a compelling opportunity for the Company. Drill permit applications have been filed and are expected to be received in the near term. As soon as the permits for Arthurs Seat drilling are in hand, we intend to commence testing these exciting discoveries."
The Arthurs Seat project is situated over the regionally significant CRF District, a major mineralizing structure that bisects the island of Jamaica. Very little exploration has been carried out at Arthurs Seat with many areas having never been subject to field mapping and evaluation. Arthurs Seat is contiguous to the highly prospective Bellas Gate project, where C3 Metals is currently undertaking a 5,000-metre diamond drill program and recently announced an intersection of 309.0m at 0.44% Cu and 0.33 g/t Au in the upper portion of the first drill hole of the program (see press release dated September 12, 2022).
C3 Metals' exploration activities continue to identify copper, gold and silver mineral occurrences throughout the Arthurs Seat project. The anomalous geochemical copper-gold-silver footprint has now been expanded to 7 km x 4 km (Figure 1), covering both Brandon Hill through to Crofts Hill. Although various mineralization styles have been identified, an important vein / breccia discovery at Crofts Hill confirms potential for a large-scale and well-preserved epithermal gold vein system.
Epithermal Vein Discovery (Crofts Hill)
The extensive field of intermediate sulfidation epithermal veins and breccia zones up to 25m wide is similar to the Pueblo Viejo epithermal gold-silver deposit in the Dominican Republic with Arthurs Seat epithermal veins are hosted in volcanic and volcaniclastic rocks of Cretaceous Age. Pueblo Viejo has reserves and resources that include proven and probable gold reserves of 5.7 million ounces; measured and indicated gold resources of 15.0 million ounces; and, inferred gold resources of 2.2 million ounces (Source https://mininglifeonline.net/company-article/pueblo-viejo/10531).
Exploration activities undertaken thus far by C3 Metals have consisted of reconnaissance geologic mapping, ridge and spur soil sampling, the collection of representative rock chip and grab samples from different vein styles and spectrometer analyses. Mapping has outlined mineralized quartz veins and breccias over a 3 km x 2 km area at Crofts Hill. Assays have been received for 137 rock chip samples collected at Crofts Hill, with over 30% assaying highly anomalous gold and up to 14.2 g/t Au and 5.2% Cu (Figure 2).
Figure 1: Arthurs Seat geology map showing copper geochemistry, anomalous zone is 7 km x 4 km. To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/2661/136911_fig1.jpg
Figure 2: Rock chip samples from epithermal vein swarm at Crofts Hill area (Top Left) Vuggy quartz vein sample 768757 assayed 5.5 g/t Au. (Top Right) quartz breccia sample 768744 assayed 1.5 g/t Au. (Bottom Left) Vuggy quartz vein sample 768739 assayed 14.2 g/t Au. (Bottom Right) Banded quartz vein sample 768808 assayed 0.81 g/t Au and 5.2% Cu.
To view an enhanced version of Figure 2, please visit: https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_002full.jpg
The Company continues to discover significant zones of copper mineralization at the Brandon Hill area, comprising secondary copper species (malachite, azurite, brochantite, cuprite and native copper) occurring in conglomerate, volcanic and volcaniclastic rocks. Ridge and spur soil sampling was recently completed over the entire Brandon Hill area and partial assays have outlined a copper in soil anomaly measuring 2.5 km x 1.2 km (Figure 3). Follow-up field mapping in an area of high copper in soils (up to 2780ppm Cu) identified significant secondary copper (brochantite) mineralization in a basalt (Figure 3), assays pending.
Figure 3: (Left) Significant secondary copper (brochantite) mineralization developed in an amygdaloidal basalt (Right) well-developed malachite on fracture faces in a basalt.
To view an enhanced version of Figure 3, please visit: https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_003full.jpg
Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.
Dan Symons President & CEO +1 416 716 6466 dsymons@c3metals.com
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's holds the Jasperoide project is located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru and covers 27,200 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 20,700 hectares of highly prospective copper-gold terrain within the CRF District of Jamaica, where mining history dates to the 1500s and 1800s when Spanish and British mining companies targeted high grade copper in veins. The Company also holds a 2% royalty in Tocvan's Rogers Creek project.
Related Link: www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
C3 Metals adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.
Samples are analysed by 4-Acid digest ICP-MS finish for 63 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136911
News Provided by Newsfile via QuoteMedia
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce further outstanding results from its Phase 2 drilling program at the Jasperoide copper-gold skarnporphyry project in Peru. The recently completed Phase 2 drill program comprising a total 6,811m in 20 drill holes has delineated a near surface, high-grade oxide copper-gold deposit at the Montaña de Cobre Zone ("MCZ") and tested copper-sulphide mineralization at the nearby Cresta Verde Zone ("CVZ").
Dan Symons, President & CEO, stated, "Having recently joined C3 Metals, I'm very pleased with the exploration results to date at Jasperoide. We have successfully delineated a sizeable, coherent body of near surface high-grade copper-gold skarn mineralization and see indications of a potential porphyry system. However, I am truly excited by the fact that in a short period of time we have expanded our prospective land position by 377% to 27,200 hectares and our drilling to date has only been focused on less than 20% of the total mineral tenure under C3 Metals' control. We look forward to further testing the numerous targets identified on the wider property once exploration permits are in hand for these newly acquired concessions. Given the location, geologic setting and sheer size of our land position, we believe we are only beginning to scratch the surface on Jasperoide's exploration potential."
Figure 1: Brecciated skarn in hole JAS2900-02; intensely oxidized and showing significant malachite and chrysocolla mineralization (Interval 94.70m - 99.0m assayed 5.87% Cu and 0.91g/t Au). To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_001full.jpg
The Company also drilled two deep holes (JAS3000-6 and JAS2800-07) testing the system to depths of +1000m. While altered porphyry fragments were encountered, assays reported no significant copper mineralization.
Stephen Hughes, Vice President of Exploration, commented, "We are pleased to have intersected further near surface high-grade copper-gold skarn mineralization, which has extended the high-grade domain a further 100m north. Our two deep holes tested for potential porphyry and skarn mineralization below MCZ and adjacent to the Constancia Fault zone, but did not intersect significant copper mineralization. However, we observed phyllic altered diorite fragments in a hydrothermal breccia, and numerous other porphyry vectors that support our interpretation of a mineralized porphyry system at Jasperoide. Work has already commenced on updating the mineral domains and geologic block model aimed at identifying additional mineralized bodies for testing in the next round of drilling."
Table 1. Significant intercepts recently drilled at Montaña de Cobre Zone
Figure 2: Airborne magnetic analytical signal image and copper in soils over the Greatiam 10 & 70 and Jasperoide 1 & 2 Exploration Concessions, showing all drill collars. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_002full.jpg
Figure 3: Location plan showing C3 Metals exploration holdings in southern Peru. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2661/136473_3e82da6d14e1e91d_003full.jpg
Exploration permitting is underway for several of the newly acquired mineral concessions. As the permitting is being progressed, the Company will be undertaking sighter metallurgy leach and flotation test work on the copper-gold oxide mineralization at MCZ to assess recoveries, acid consumption and variability characteristics for the different material types within the deposit delineated to date. The metallurgical response of the different material types aims to assess the potential viability of various processing options for the near surface oxide copper and gold mineralization and is an important de-risking milestone for the Company.
Initial review of the newly acquired land package surrounding Jasperoide indicates high potential for the discovery of additional near surface copper skarn deposits similar to the MCZ deposit. Upon receipt of the exploration permits for these areas, C3 Metals plans to aggressively explore to build the inventory of near surface skarn hosted copper-gold mineralization and test potential for large scale porphyry systems.
Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.
Dan Symons President & CEO +1 416 716 6466 dsymons@c3metals.com
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 26,698 hectares and the right to earn 100% in the Greatiam 10 and 70 claims covering 500 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207 sq km of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.
Related Link: www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
_______________________________ [1] Data retrieved from Hochschild Mining's database and internal reports. Hochschild was operator of the Jasperoide Project from 2011 to 2012 and completed two drill programs. C3 Metals has access to the entire drill database and believes that the reporting of the information was to industry standard practice.
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C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce the appointment of Dan Symons to the position of President and Chief Executive Officer of the Company effective September 6, 2022. Simultaneous with this appointment Mr. Symons will also join C3 Metals' Board as a Director.
Dan Symons brings over 15 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $800 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.
Tony Manini, Chairman of C3 Metals Inc. stated, "We are very pleased to welcome Dan to the Company as President and CEO, and as a director. Dan brings extensive capital markets facing corporate leadership experience which is highly complimentary to the strong technical and operating capability of our team. His core background in investor relations, coupled with a strong track record in corporate financing and M&A at a number of highly successful junior-mid tier growth companies is very relevant to the C3 Metals business as we continue to grow substantive long-term value for our shareholders through the exploration and development of our outstanding portfolio of copper and gold projects in Peru and Jamaica."
Dan Symons commented, "After getting to know the C3 Metals' Board of Directors and conducting due diligence of the exploration potential of its asset base, I'm excited to be joining a team of high-calibre individuals at such a prospective company. At the end of the day, success in the mineral exploration and development business is all about the people and properties, of which I consider both to be exceptional. I believe C3 Metals is poised for discovery and look forward to working with the team to create significant value for all stakeholders as the full potential of the Company's portfolio of copper and gold projects in Peru and Jamaica is unlocked."
Pursuant to the Company's stock option plan approved by shareholders at its Annual General and Special Meeting held on March 4, 2022, the Board of Directors has granted 15,400,000 stock options to directors, officers, employees, and consultants of the Company. A total of 6,000,000 options will vest immediately, while 9,400,000 options will vest over a period of 12 months, subject to regulatory acceptance. After vesting, each incentive stock option will allow the holder to purchase one common share in the Company at a price of CAD $0.08. The incentive stock options have a term of five years, expiring on August 15, 2027 or upon departure of the option-holder. Following this stock option grant, the Company will have a total of 51,660,000 stock options outstanding representing approximately 8.76% of the outstanding common shares of the Company. The Company also granted 2,036,364 restricted share units ("RSUs") to an officer of the Company. The RSUs are payable in common shares of the Company and vest in 12 months, after the date of the grant.
Tony Manini Executive Chairman tmanini@c3metals.com
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits in the America's. The Company's flagship project is the Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 267 sq km and the right to earn 100% in two additional third-party claims covering 5 sq km. the Greatiam 10 and 70 claims covering 5 sq km. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207 sq km of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.
Related Link: www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133835
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Consolidates Strategic Position in Major Copper Producing District
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that it has significantly expanded its land holdings around its highly prospective Jasperoide project in the world class Andahuaylas-Yauri skarnporphyry copper belt of southern Peru. The Company and its subsidiaries now control a total of 272 sq km (27,198 hectares) comprising 100% of 49 claims covering 267 sq km (26,698 hectares) and the right to earn 100% in two additional third-party claims covering 5 sq km (500 hectares).
Tony Manini, Executive Chairman of C3 Metals commented,
"Through a disciplined acquisition strategy over the past three years, the Company now controls a significant near surface copper and gold oxide deposit at Jasperoide surrounded by a pipeline of similar high potential copper and copper-gold targets in a world class copper mining district. As we continue to expand and evaluate mining and processing opportunities for Jasperoide we have also commenced permitting to explore the multiple nearby high potential copper-gold prospects. Consolidating this large land position significantly enhances C3 Metals ambition of delivering a new +50Ktpa copper mining opportunity in Peru and we look forward to providing further updates as we progress our exploration and evaluation of this highly prospective land package."
Over the past year C3 Metals has been working to expand its land holdings around the Company's highly prospective Jasperoide Copper-Gold Property in southern Peru. Through staking, tenders and property purchases, the Company has established a contiguous exploration footprint in key areas of interest around Jasperoide and consolidated a significant land package over this section of the Andahuaylas-Yauri skarn / porphyry belt. The Company's land holdings have increased almost five-fold from an initial ~57 sq km (5,700 hectares) in 13 claims (see press release dated February 25, 2020) to 272 sq km (27,198 hectares) in 53 claims (Table 1).
Table 1. C3 Metals Mineral Claims Summary
(1) Includes Greatiam 10 and Greatiam 70 claims
The Jasperoide Project Area is located within the Andahuaylas-Yauri skarn/porphyry belt approximately 45km east of Minmetal's Las Bambas mine (1.2BT @ 0.61% Cu 166 197 ppm Mo1) and First Quantum Minerals undeveloped Haquira deposit (569 MT @ 0.56% Cu2), 40 km northwest of Hudbay's Constancia mine (568MT @ 0.32% Cu, 96ppm Mo3) and 100 km northwest of Glencore's Antapaccay mine (685MT @ 0.50% Cu, 0.1 g/t Au4). Historical exploration in the Jasperoide Project Area has identified multiple compelling porphyry, skarn and epithermal targets that have seen limited exploration over the last 30 years.
1 MMG Limited Mineral Resources and Ore Reserves Statement June 30, 2019 2 First Quantum Minerals Annual Information Form 2019 3 Hudbay Mineral Reserves as of January 1, 2019 4 Glencore Mineral Reserve Estimates December 31, 2018
The Company looks forward to building strong and respectful relationships with all local communities, as it progresses permit applications to initiate exploration activities on the newly acquired claims.
Figure 1: Location plan showing C3 Metals exploration holdings in southern Peru.
To view an enhanced version of Figure 1, please visit: https://images.newsfilecorp.com/files/2661/130211_43531f4324f269e5_001full.jpg
Tony Manini Executive Chairman tmanini@c3metals.com
Stephen Hughes Vice President Exploration +1 647 517 4574 shughes@c3metals.com
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 26,698 hectares and the right to earn 100% in the Greatiam 10 and 70 claims covering 500 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207 sq km of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.
Related Link: www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130211
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C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") wishes to advise that for personal reasons, Kevin Tomlinson is stepping down from his role as President and CEO. He will also resign as a director of the Company, effective June 30, 2022. Mr. Tony Manini, current Chairman of C3 Metals will take up the role of Executive Chairman to lead the Company through to the appointment of a new CEO. Mr. Tomlinson will assist in the orderly transition of duties as required.
Drilling on the Company's exciting copper-gold exploration projects in Peru and Jamaica is continuing in full swing under the leadership of VP-Exploration, Stephen Hughes.
Tony Manini, Executive Chairman commented:
"The C3 Metals Board would like to thank Kevin for his leadership over the past two years as the Company substantially advanced the Jasperoide Project in Peru towards an initial Resource. Importantly, the Company secured a large, highly prospective land position in the surrounding world class Andahuaylas-Yauri copper belt. Drilling has also commenced on a number of highly prospective targets on the Company's high potential copper-gold properties in Jamaica. The Board wishes Mr. Tomlinson all the best for his personal and professional endeavours going forward."
Tony Manini is a geologist with +30 years of diverse experience in the resource industry. His background covers a wide range of commodities in more than 20 countries and includes technical, commercial, and senior management and executive roles in exploration, business development, strategy and operations with Rio Tinto, Oxiana-Oz Minerals, Tigers Realm and EMR Capital.
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.
Tony Manini Executive Chairman C3 Metals Inc. tmanini@c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, C3 Metals Inc. provides no assurance that actual results will meet management's expectations. Factors which cause results to differ materially are set out in the Company's documents filed on SEDAR. Undue reliance should not be placed on "forward looking statements".
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128310
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Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA), a junior mining exploration company has blended assets with GlobeTrotters Resources Perú SAC to build an attractive portfolio of high-quality copper and gold assets in Perú. The Company's portfolio combines early-stage and drill-ready targets with a historically discovered and drilled porphyry system that is strategically positioned for copper and gold resource development.
Forte Minerals is pleased to announce the appointment of two new strategic members to its advisory committee. These talented individuals were appointed by the board of directors for the purpose of offering advice and support on a wide range of issues relevant to the exploration & mining initiatives in Peru as well as the financial advancement of the Company.
We're excited and honoured to welcome Ricardo Labó and Peter Espig to the team. Mr. Labó is a mineral economist with over 20 years industry experience in Peru , Latin America , and Africa . His wealth of regional experience and strong political network is invaluable.
Mr. Espig is a financier and former VP at Goldman Sachs, with an impressive track record. He has structured over US$2.0 billion in private equity and pre-IPO investment transactions from the principal side and is a pioneer of SPACs, having completed over $1.0 BN in transactions.
Ricardo Labó and Peter Espig are joining existing advisors', Paul Johnston and Thomas Henricksen to form a well-balanced advisory committee. The committee will serve as an important complement to the Board of Directors and management of the Company, and create considerable value in form of contacts, perspective, industry expertise, as well as strategic input and financial guidance.
Ricardo Labó MSc . - Mineral Economist
Mr. Labó is currently the country manager in Peru for Element 29 (TSXV: ECU), a partner at LQG Energy and Mining Consulting, General Manager of LQG Ambiental and Executive Director of the Australia Peru Chamber of Commerce.
He has held several high-level positions in the Ministry of Energy and Mines of Peru including Vice Minister of Mines, Advisor to the Minister of Energy and Mines as well as Director of Mining Promotion and Development where he successfully promoted responsible mining exploration and development investment in the country. In the private sector, he held several senior positions at Rio Tinto, Roche, Phelps Dodge and Grupo Apoyo, provided strategic advisory and consultancy services to several international mining companies and institutions, and was a board member of several private and state-owned mining and energy companies.
Mr. Labó is a Peruvian Chartered Economist from Universidad del Pacifico ( Peru ), with an MSc. in Mineral Economics from Colorado School of Mines (US), an LLM in Mineral Law and Policy from CEPMLP, University of Dundee (Scotland , UK) and an MBA from Adolfo Ibañez School of Management ( Chile and US).
Since November 2013 , Mr. Espig has been the President and CEO of Nicola Mining Inc. (TSX-V: NIM). He has been active in the turnaround of mining projects and has functioned in management and director roles for numerous mining companies. He is experienced in the analysis of investment opportunities, raising capital, deal sourcing, financial structuring, and corporate turnaround.
Mr. Espig served as Vice-President of the Principal Finance and Securitization Group and Asia Special Situations Group for Goldman Sachs Japan. Prior to joining Goldman Sachs, Mr. Espig was Vice-President of Olympus Capital, a New York private equity firm, where he participated in corporate restructurings, investment analysis and financing negotiations for both domestic and international investments.
In 1989, Mr. Espig received his B.A. from the University of British Columbia and later received his MBA from Columbia Business School , where he was a Chazen International Scholar.
Paul Johnston PhD . – Technical Advisor
Mr. Johnston is a professional geologist with 30 years experience in the mining industry. His career as a mine geologist began at the Hemlo Gold deposit with Noranda. In 1996, he joined the exploration group at Teck Resources Limited (TSX-V: TECK) and amassed extensive international experience in early to advanced stage exploration through a variety of technical and management roles in Southeast Asia , Australia , North America , and South America , including Regional Chief Geoscientist for South America . Mr. Johnston currently serves as a Director on the board of Nicola Mining Inc. (TSX-V: NIM)
He holds a PhD from Queen's University and is a member of the Association of Professional Engineers and Geoscientists of British Columbia . Mr. Johnston's extensive international experience in early to advanced stage exploration for gold, copper and zinc is a great asset to the company.
Thomas Henricksen PhD. – Senior Geologist Advisor
Dr. Henricksen is a highly regarded economic field geologist with over five decades of exploration experience. He was one of the founders of Plan B Minerals Corp., now Forte Minerals Corp. Dr. Henricksen was the recipient of the Association for Mineral Exploration of British Columbia's 2018 Colin Spence Award for Excellence in Global Mineral Exploration. He received this notable award in recognition of his outstanding contributions to mineral discovery, and for being involved in some monumental discoveries and acquisitions across the world.
Dr. Henricksen has successfully worked on 40 mineral exploration projects in over 14 countries on 6 continents. In 2012, Dr. Henricksen served as Vice President of Exploration for Aegean Metals Group Inc., leading the senior field team in identifying, evaluating, and acquiring two high-grade gold-copper prospects (VMS Hot Maden and Ergama) in Turkey . Prior to this, Dr. Henricksen served as senior field geologist for Apoquindo Minerals Inc., which won a bid from Teck Resources to explore and develop a copper-gold deposit (Zafranal) in Peru , resulting in more than 400 million tons of copper.
In addition to many other successful exploration projects, he served as a member of the Arctic exploration team that successfully identified the Red Dog mine in Alaska , now the world's largest zinc reserves. Operated by Teck Resources in partnership with NANA Development Corporation, Red Dog's gross profit in 2017 was $971 million . Before this, Dr. Henricksen led efforts to secure the Eskay Creek mine for US Borax Inc. (a subsidiary of Rio Tinto), which, during the period of Dr. Henricksen's involvement, became the world's highest-grade gold mine and the fifth largest silver mine by volume.
He holds a BSc in Geology from the University of Wisconsin , and a Ph.D. in Economic Geology from Oregon State University .
The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.
On behalf of Forte Minerals CORP. (signed) " Patrick Elliott " Chief Executive Officer
Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.
Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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The new (9 th ) phase of drilling will initially test targets over 11-kilometer strike length between the historic Lousal and Caveira Mines;
First hole is testing potential northwest extension of Lousal Mine orebody;
Other holes will test targets at Monte da Bela Vista and the Caveira Mine area, and then several in-between VTEM geophysical anomalies.
Following exploration targets' drilling, the program will return to Central and Southern sectors at Sesmarias.
10-12 drill holes expected, totaling +6,000 meters in Phase 9.
Vancouver, BC – TheNewswire - Septem ber 15, 2022 – Avrupa Minerals Ltd. ( TSXV: AVU) (OTC:AVPMF) (FRANKFURT:8AM) announces that drilling re-started on the Alvalade Joint Venture Project in the Pyrite Belt of southern Portugal. The program is a joint venture between Avrupa Minerals ("AVU" or "Company") and Minas de Aguas Teñidas, S.A. ("Sandfire MATSA" or "MATSA"). Avrupa continues to operate the project through the JV entity PorMining Lda. To date, at Sesmarias North, the Company completed 17 diamond drill holes, totaling 8,900 meters, on six different fences along a strike length of 400 meters, as well as one further drill hole in the Caveira District, totaling 614 meters (see news release of April 4, 2022 ).
The new phase of drilling (9 th overall) will initially target anomalies located between the historic Lousal and Caveira Mines, over a strike length of approximately 11 kilometers. The first drill hole targets potential mineralization located 300-400 meters northwest of the last reported mineralization in the Lousal Mine. Following this Lousal Northwest hole, depending on results, we anticipate further testing in the Lousal area, as well as targets at the Monte da Bela Vista prospect drilled by Avrupa in 2012-2014, new targets in the Caveira Mine vicinity, and several strong VTEM geophysical anomalies located between Monte da Bela Vista and the south end of the Caveira Mine mineralized zones.
Once the drill rig is available for return to Sesmarias, or a second rig becomes available, we plan further exploratory drilling within the Central and Southern sectors of the known mineralization. Previous, wide-spaced drilling by Avrupa demonstrated the presence of robust massive sulfide mineralization over a further strike length of +1,200 meters through the central and southern sectors at Sesmarias.
Click Image To View Full Size
Figure 1. Map of Alvalade Experimental Exploitation License showing general locations of drill target areas which have been selected using a wide range of geological, geophysical, and geochemical tools. Note that the black, dashed lines that traverse the length of the license outline the corridor of favorable geology, geochemistry, and VTEM geophysical conditions. Note also significant interference from railroad tracks, powerlines, and a solar farm in the Azinheira area (all in washed-out purple color).
Click Image To View Full Size
Figure 2. Location of Sesmarias massive sulfide mineralization, showing both recent and historic drilling on the project. Present joint venture drilled only about 400 meters of strike length, to date. Mineralization is open to the north. Previous, wide-spaced drilling outlined a further +1,200 meters to the south of recent JV work. Mineralization is potentially open to the south, as well, beyond the 1,200-meter estimate.
Avrupa expects to drill a further 6,000 meters in 10 to 12 drill holes in the current phase of drilling. MATSA has indicated that the budget for Phase 9 is in the range of 1.4 to 1.7 million euros. The budget will also include further re-processing of the VTEM data and an airborne gravity survey to cover the entire license, using modern techniques and detailed location and elevation information to replace a patchwork of historic gravity surveys from the 1990's. Historically, gravity surveys are effective tools for locating non-visible, buried massive sulfide bodies in the Iberian Pyrite Belt. The re-processing of the VTEM data is presently underway, and we expect to perform the gravity survey around mid - Q4 2022.
Paul W. Kuhn, President and CEO of Avrupa, commented, "We are excited to get the drilling going again. The JV geology team has constructed a set of hard targets along an 11-kilometer strike length between the Lousal and Caveira Mines. While we have concentrated our efforts at Sesmarias for good reason, and will get back to drilling the Sesmarias copper-zinc prospect, we are also quite excited to test the other VMS targets that we have developed over the past two years."
Click Image To View Full Size
Figure 3. Drill set-up at LNW22-001, 360 meters northwest of last reported mineralization at the historic Lousal Mine, 300 Level
Minas de Aguas Teñidas, S.A. (Sandfire MATSA) is a modern mining company which owns and operates the MATSA Mining Operations in the Huelva province of Spain. With a processing plant located to the north of the Iberian Pyrite Belt that sources ore from three underground mines, Aguas Teñidas and Magdalena Mines in Almonaster la Real and the Sotiel Mine in Calañas, Sandfire MATSA produces copper, zinc and lead mineral concentrates that are sold from the port of Huelva. Sandfire MATSA also holds 1,312 km 2 of exploration permits in the south of Spain and 1,106 km 2 in Portugal. Sandfire MATSA is a wholly owned company of Sandfire Resources Ltd, a mining and exploration company listed on the Australian Securities Exchange (ASX: SFR).
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model. The Company holds one 100%-owned license in Portugal, the Alvalade VMS Project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement. The Company now holds one 100%-owned exploration license covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through the recently-announced acquisition of Akkerman Finland Oy. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland, and Kosovo. The Company continues to seek and develop other opportunities around Europe.
For additional information, contact Avrupa Minerals Ltd. at 1-604-687-3520 or visit our website at www.avrupaminerals.com .
On behalf of the Board,
"Paul W. Kuhn"
Paul W. Kuhn, President & Director
This news release was prepared by Company management, who take full responsibility for its content. Paul W. Kuhn, President and CEO of Avrupa Minerals, a Licensed Professional Geologist and a Registered Member of the Society of Mining Engineers, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. He has reviewed the technical disclosure in this release. Mr. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content in the news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2022 TheNewswire - All rights reserved.
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Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 exploration drilling at its La Romanera Deposit on the Iberian Belt West (IBW) project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The current results are from 3 drill holes in La Romanera LR012, LR014 and LR017 (see Figure 1 and Table 1 below). All three holes intercepted the Upper and Lower lenses. Presently, there are 9 diamond drills delineating the Romanera deposit and one rig continues to drill the La Infanta deposit.
The first lens in hole LR014 occurs from 595.1 m. The Upper lens is 15.1 m with a grade of 0.3 % Cu; 1.3 % Pb; 6.6 % Zn; 0.1 g/t Au and 61.1 g/t Ag. The unmineralized rock interval between them is 0.5 m. The Lower lens consists of 6.1 m with a grade of 0.3 % Cu; 2.1 % Pb; 10.1 % Zn; 0.7 g/t Au and 98.4 g/t Ag.
LR017 intercepted massive sulphides 100 m east of LR009 (Please see the Company's press release dated September 8, 2022) and 60 m from LR014. The Upper Lens starts from 612.7 m and consists of 2.2 m grading 0.3 % Cu; 3.5 % Pb; 8.3 % Zn; 0.1 g/t Au and 27.5 g/t Ag. The separation between the two lenses is 2.7 m. The Lower Lens occurs from 617.6 m and is 1.8 m grading 6.4 % Cu; 0.2 % Pb; 1.0 % Zn; 0.1 g/t Au and 18.7 g/t Ag. This drill hole intercept is strongly enriched in copper.
Intercepted mineralization at approximately 300 metres vertically below surface. Two lenses were encountered: Upper lens occurs from 332.2 m with 16.6 m grading 0.3 % Cu; 1.4 % Pb; 1.7 % Zn; 2.3 g/t Au and 96.8 g/t Ag (including 2.1 m grading 0.8 % Cu; 6.6 % Pb; 9.4 % Zn; 4.5 g/t Au and 396.7 g/t Ag). The Lower lens was intercepted 40.8 m below the Upper lens and encountered 6.5 m grading 0.3 % Cu; 0.1 % Pb; 0.1 % Zn; 1.7 g/t Au and 65.0 g/t Ag. This drill hole represents a stepout of 100 m to the west relative to historical data and has elevated gold and silver values.
Figure 1: Location map, La Romanera Deposit drill holes LR012, LR014, and LR017. The white drill hole traces show drill holes that are in progress.
https://www.globenewswire.com/NewsRoom/AttachmentNg/abb9b8ea-3711-4358-8f96-aa4a1a2ed061
Table 1. Diamond drillhole data: La Romanera. NB= LL= Lower Lens Romanera, UL= Upper Lens Romanera
The scientific and technical information in this news release has been reviewed and approved by Mr. Joaquin Merino, P.Geo, President of the Company and a Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators.
Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company's corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.
Vincent Chen +1 778 990 9433 (Toronto) info@emeritaresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the mineralization of the IBW Project; the timing of assay results; the prospectivity of the Project; the timing and ability of the Company to produce an NI 43-101 compliant mineral resource estimate and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck" or the "Company") is pleased to announce the recent commencement of the 2022 drill program in Fiji.
"The drill is turning!" said Bryce Bradley, President and CEO. "Nearly five decades after the discovery of these gold-silver targets, they are finally being drilled. We are excited that the team has successfully mobilized to Liwa with a custom made drill fit for Fiji's unique terrain, and we'll be working hard to complete the program and get assays to market."
The company has hired Valentis, a highly reputable Southeast Asian mineral exploration and drilling company to complete this phase of drilling and train local workers to support.
Further to our press release dated April 25, 2022, the planned drilling program is comprised of an initial five drill holes for 1,500 meters and is designed to test several well-defined epithermal gold-silver targets extending over a three-kilometer strike length, including:
Figure 1: Photo of diamond rig operating at the Vatuvatulevu Prospect, Liwa Project
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2901/137170_0f32a593f4f9a8b3_002full.jpg
Figure 2: Summary map of the Liwa Project
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/2901/137170_0f32a593f4f9a8b3_005full.jpg
Valentis is the leading exploration, mining services and advisory company in Southeast Asia, with extensive experience and success in developing opportunities and maximizing value for local and international companies undertaking exploration and mining activities in resource-rich Southeast Asia.
For more information, visit their website here.
Fiji is on the Pacific Ring Of Fire, a prolific trend that has produced numerous large gold and copper deposits, including Porgera, Lihir and Grasberg.
Viti Levu, the main island of Fiji, has a long mining history. It hosts not only the Thunderstruck tenements, but also the following active projects:
Namosi (Copper/Gold) Newcrest published proven and probable reserves of 1.3 billion tonnes at 0.37%Cu and 0.12g/t Au (5.2M ounces Au and 4.9M tonnes Cu).
Tuvatu (Gold) Indicated Resources of 1 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cut-off.
Vatukoula Gold Mines: Formerly known as the Emperor Gold Mine has been operating for over 80 years, producing in excess of 7 million ounces of Au to date.
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed zinc, copper and precious metals mineralization. The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."
The technical information in this news release was reviewed by Peter Duerden, RPGeo, Technical Advisor to Thunderstruck Resources, and a qualified person as defined by National Instrument 43-101 (NI 43-101).
For additional information, please contact: Rob Christl, VP Business Development and Investor Relations Email: rob@thunderstruck.ca P: 1-778 840-7180 or, visit our website: http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137170
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Usha Resources Ltd. ("USHA" or the "Company") (TSXV:USHA) (OTCQB:USHAF) (FSE:JO0), a North American mineral acquisition and exploration company focused on the development of drill-ready battery and precious metal projects, announces that it has issued 745,033 common shares (the "Shares") at a deemed price of $0.302 per Share to Ares Strategic Mining Inc. (the "Vendor"), which price is based on the Company's 10-day VWAP
The issuance of the Shares to the Vendor represents the second payment required pursuant to the option agreement dated March 17, 2022, as amended, (the "OptionAgreement") entered into with the Vendor for the acquisition Jackpot Lake, located in Clark County, Nevada. The Shares are subject to a hold period of four months and one day. The Shares issued were fewer than the maximum of 937,500 Shares, being the cap included in the Option Agreement, as the Company's 10-day VWAP of $0.302 was above the 10-day VWAP at the time of signing the Option Agreement. The third payment will need to be made on or before March 17, 2023.
The Company intends on satisfying the $1,000,000 work commitment through the expenditures from its upcoming maiden drill program of which USHA is in the final stages of preparing. The Company will provide updates in the coming weeks as the project moves towards drill mobilization.
Jackpot Lake Lithium Brine Property
The Jackpot Lake Lithium Brine Property is located within Clark County, 35 kilometres northeast of Las Vegas, Nevada, and is comprised of 140 mineral claims that total 2,800 acres. The project is exploring a "playa" which appears to be within a closed basin that may contain potentially lithium-rich brines. The geologic model is similar to that of Albemarle's Silver Peak Nevada Lithium Mine which has operated continuously since 1966, where sediments from lithium‑rich surrounding source rocks accumulate and fill the deposit leading to a potential concentration of lithium brine due to successive evaporation and concentration events.
The Company has permitted 2,700 metres over 6 holes and intends on commencing its maiden drill program this fall with the goal of defining a 43-101 resource. USHA's current and ongoing program at Jackpot Lake is operated by Rangefront Mining Service, a local Nevada firm with personnel that specialize in the planning and execution of lithium brine exploration, including resource estimation.
The project is considered to be "drill-ready" based on the following work which has successfully delineated a 5 x 2 kilometre anomaly within a closed basin that suggests the presence of a highly concentrated brine:
Figure 1 - Topographic map of the Jackpot Lake Lithium Brine Project with MT survey results overlain. Resistivities of
The technical content of this news release has been reviewed and approved by Mr. Seth Cude, P.G., RM, M.Sc., CASS, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality battery and precious metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties provides target-rich diversification and consist of Jackpot Lake, a lithium project in Nevada; Nicobat, a nickel‑copper‑cobalt project in Ontario; and Lost Basin, a gold-copper project in Arizona. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.
"Deepak Varshney" CEO and Director
For more information, please call Tyler Muir, Investor Relations, at 1-888-772-2452, email tmuir@usharesources.com, or visit www.usharesources.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces the completion of the 2022 field exploration programs on its Muskwa Copper Project. See Figure 1 below
Figure 1 - General Property Location
The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.
Peter Hawley, President, CEO reports; "The 2022 exploration program was designed to focus on areas we studied last year, test structural theories with respect to new predictable of mineralized areas which has resulted in discoveries plus advance certain areas with respect to a potential 43-101 status at the end of 2023."
Well over 250-person field days were spent on the property during the season and below we will briefly discuss each of the 11 items executed this summer. As results are received and compiled timely news release will be made public with respect to their findings.
One-meter-long rock hammer for scale on gossan brown color copper showing.
All samples were documented, photographed and geotagged for future reference.
The above photo taken during the season shows the size of the grizzle paw prints next to a 20-inch-long VLF Electromagnetic instrument while performing a geophysical survey.
Safety First, all personal carried bear mace, whistles, bear bangers and bear gun for groups.
The above photo taken from a video clip of a UAV drone mission over the Toro Vein copper structures as seen in the mountain wide dark copper mineralized banding.
It is now known certain structure orientations are required for copper mineralization.
Security is always our priority.
The results from the Eagle Vein and Harris LIDAR will be discussed in detail with video footage in the near future
Historical drill core was located, documented and examined.
Fabled Copper participated in the 2022 legacy clean-up of 2,360kgs of fuel drums and 1,896kgs of waste material that were removed from the Gataga River Basin to the Fort Nelson dump. Final handling crew included: Shifting Mosaics Consulting, Northern Fire Worx Corp, North County Projects Ltd and Qwest. Photo: S. Leverkus, August 2022. We acknowledge the financial support of the Province of British Columbia.
In March 2022 the Company applied for a 15-drill pad, 3 holes per pad good for 5-year drill permit to Department of Mines, Permitting. In July, bonding was requested and was posted. At present, the Inspector of Mines, Permitting and the First Nations are in consultation.
In closing, we will release 2022 field results as they are received and compiled, plus the plans for 2023 as they become available.
Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.
For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:
Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.
Ag-GRA21 Ag by fire assay and gravimetric finish.
Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.
Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.
Mr. Peter J. Hawley, President and C.E.O. Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org
For further information please contact:
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
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