Latest news with #mineralization
National Post
2 days ago
- Business
- National Post
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results
Article content All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone Results support the Company's systematic exploration and targeting approach for further resource definition at Kossou Article content QUEBEC CITY — Kobo Resources Inc. (' Kobo' or the ' Company ') (TSX.V: KRI) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (' Kossou ') in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth. Article content Article content Diamond Drill Results – Highlights: Article content Jagger Zone: Article content Edward Gosselin, CEO and Director of Kobo commented: 'These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues.' Jagger Zone Drilling Highlights Scale and Continuity Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1). Article content Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone. Article content On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.) Article content Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone Article content Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the 'Jagger Shear Corridor', brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes. Article content At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation. Article content Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa. Article content Table 1: Summary of Significant Diamond Drill Hole Results Article content An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances. Article content The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at as well as on the Company's website at Article content Sampling, QA/QC, and Analytical Procedures Article content Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits. Article content Review of Technical Information Article content The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. Article content About Kobo Resources Inc. Article content Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. Article content With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Article content Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol 'KRI'. For more information, please visit Article content This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements 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 the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Article content Article content Article content Contacts Article content For further information, please contact: Article content
Yahoo
2 days ago
- Business
- Yahoo
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results
All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone Results support the Company's systematic exploration and targeting approach for further resource definition at Kossou QUEBEC CITY, June 19, 2025--(BUSINESS WIRE)--Kobo Resources Inc. ("Kobo" or the "Company") (TSX.V: KRI) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project ("Kossou") in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth. Diamond Drill Results – Highlights: Jagger Zone: KDD0081 8.0 m at 2.13 g/t Au from 140.0 metres ("m"), including 2.0 m at 7.00 g/t Au from 140.0 m KDD0082 30.0 m at 0.64 g/t Au from 128.0 m, including 10.25 m at 0.80 g/t Au, from 128.0 m and 2.0 m at 1.90 g/t Au from 143.0 m KDD0083 7.0 m at 1.18 g/t Au from 123.0 m 6.0 m at 2.07 g/t Au from 138.0 m, including 1.0 m at 8.47 g/t Au from 64.0 m 7.3 m at 1.63 g/t Au from 95.0 m KDD0084 8.0 m at 1.41 g/t Au from 88.0 m 21.5* m at 1.14 g/t Au from 106.0 m, including 4.0 m at 1.98 g/t Au from 106.0 m, 4.0 m at 1.27 g/t Au from 115.0 m, and 1.5 m at 4.93 g/t Au from 126.0 m KDD0085 20.0 m at 1.41* g/t Au from 106.0 m, including 5.0 m at 3.70 g/t Au from 121.0 m and including 2.0 m at 8.47 g/t Au from 123.0 m Edward Gosselin, CEO and Director of Kobo commented: "These latest results reinforce the scale and continuity of gold mineralisation at the Jagger Zone. We are encouraged by the width and tenor of the intercepts, which continue to validate our structural model and further support our systematic exploration approach at Kossou. With drilling still underway across our other high-priority targets, we are well-positioned to advance Kossou toward its maiden resource estimate next year as our exploration work continues." Jagger Zone Drilling Highlights Scale and Continuity Results from seven diamond drill holes (KDD0080 to KDD0086), completed on sections JZ 525 to JZ 725 within the Jagger Zone, have been received and continue to expand the Company's understanding of this highly prospective target (see Figure 1). Gold mineralisation is hosted within and along the contacts of quartz feldspar porphyry and diorite intrusions, as well as within sheared contacts of basaltic massive and pillowed flow units. These structures define significant, laterally and vertically continuous gold-bearing zones that are traceable along strike and down dip. Notably, wide mineralised intervals in hole KDD0084, including 8.0 m at 1.41 g/t Au from 88.0 m and 21.5 m at 1.14 g/t Au* from 106.0 m (see Figure 2), demonstrate the presence of multiple stacked gold zones across the broader Jagger Shear Zone. On section JZ 700, gold mineralisation continues to demonstrate strong continuity and consistent geological associations observed in earlier drilling. Notable intercepts include 20.0 m at 1.41 g/t Au* from 106.0 m, including 5.0 m at 3.70 g/t Au, and 7.0 m at 1.20 g/t Au from 154.0 m. These results support the broader interpretation of the Jagger Shear Zone as a robust, multi-zone gold system and correlate well with previously reported drill holes and surface trench KTR030a (see Figure 3 for Section JZ 700.) Geological and Structural Setting of Gold Mineralisation at Kossou and the Jagger Zone Gold mineralisation at Kossou is hosted within a N-S trending, steeply west-dipping deformation corridor associated with the regional Contact Zone Fault, which separates basaltic volcanic flows from volcano-sedimentary rocks. Within this corridor, the "Jagger Shear Corridor", brittle-ductile shear zones act as the primary structural controls on gold emplacement, particularly where lithological contrasts occur between basaltic units and intrusive rocks, including diorite and quartz-feldspar porphyry dykes. At the Jagger Zone, the main shear system is developed within a zone approximately 70-m wide and is closely associated with intrusive contacts. Drill core analysis has identified multiple quartz vein generations related to mineralisation. The V1 vein set consists of quartz veins and veinlets parallel to the S1 foliation, commonly occurring within the main shear zones and bearing gold. The dominant mineralized structures, however, are V2A veins, which trend west-northwest to northwest and are prominent both within and adjacent to the shears. A secondary vein set, V2B, is characterized by sub-horizontal hairline fractures and veinlets, which carry only sporadic gold mineralisation. Drilling to date indicates that gold mineralisation pinches and swells along strike and at depth, consistent with structurally controlled orogenic gold systems commonly found within the Birimian terrane of West Africa. Table 1: Summary of Significant Diamond Drill Hole Results BHID East North Elev. Az. Dip Length From(m) To (m) Int.(m) Aug/t Target KDD0080 228997 775340 338 70 -50 233.05 32.00 34.00 2.00 1.80 Jagger 49.00 51.00 2.00 2.18 Jagger 60.00 61.00 1.00 2.31 Jagger 70.00 76.00 6.00 0.91 Jagger 100.00 102.20 2.20 0.99 Jagger 115.00 117.00 2.00 0.59 Jagger 126.00 127.00 1.00 1.86 Jagger 181.00 182.00 1.00 1.10 Jagger 201.00 207.05 6.05 0.67 Jagger incl. 205.00 207.05 2.05 1.43 Jagger 221.85 223.00 1.15 1.19 Jagger KDD0081 228958 775353 333 70 -50 266.05 31.00 32.00 1.00 2.02 Jagger 45.00 46.00 1.00 1.52 Jagger 70.00 72.40 2.40 1.04 Jagger 78.00 80.00 2.00 0.67 Jagger 123.00 124.00 1.00 1.49 Jagger 130.00 133.00 3.00 1.15 Jagger 140.00 148.00 8.00 2.13 Jagger incl. 140.00 142.00 2.00 7.00 Jagger 175.10 176.20 1.10 1.79 Jagger KDD0082 228973 775257 364 70 -50 293.05 22.00 23.00 1.00 1.51 Jagger 104.00 105.00 1.00 6.61 Jagger 110.00 111.00 1.00 1.42 Jagger 128.00 158.00 30.00 0.64* Jagger incl. 128.00 138.25 10.25 0.80 Jagger incl. 143.00 145.00 2.00 1.90 Jagger incl. 148.00 158.00 10.00 0.60 Jagger 161.40 164.00 2.60 0.65 Jagger KDD0083 229013 775240 361 70 -50 236.05 32.00 33.00 1.00 3.73 Jagger 62.00 63.00 1.00 3.17 Jagger 71.00 72.00 1.00 8.42 Jagger 80.00 84.00 4.00 0.87 Jagger 100.00 101.00 1.00 1.33 Jagger 104.00 105.00 2.00 1.29 Jagger 109.40 117.00 7.60 0.35 Jagger 123.00 130.00 7.00 1.18 Jagger 138.00 144.00 6.00 2.07 Jagger 161.00 163.60 2.60 1.04 Jagger KDD0084 229018 775216 361 70 -50 164.05 67.00 69.00 2.00 0.83 Jagger 80.00 83.00 3.00 1.00 Jagger 88.00 96.00 8.00 1.41 Jagger 106.00 127.50 21.50 1.14* Jagger incl. 106.00 110.00 4.00 1.99 Jagger incl. 115.00 119.00 4.00 1.27 Jagger incl. 126.00 127.50 1.50 4.93 Jagger KDD0085 228982 775175 358 70 -50 182.05 83.00 84.00 1.00 2.38 Jagger 106.00 126.00 20.00 1.41* Jagger incl. 113.00 117.00 4.00 1.25 Jagger incl. 121.00 126.00 5.00 3.70 Jagger incl. 123.00 125.00 2.00 8.47 Jagger 154.00 161.00 7.00 1.20 Jagger 169.00 172.00 3.00 1.38 Jagger KDD0086 229024 775165 345 70 -50 143.00 71.60 73.00 1.40 1.63 Jagger 82.00 89.00 7.00 1.04 Jagger 95.00 107.00 12.00 0.68 Jagger 118.00 123.00 5.00 0.69 Jagger Notes: Cut-off using 2.0 m at 0.30 g/t Au Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated* An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances. The Company also reports the filing of its audited consolidated financial statements for the twelve-month period ended March 31, 2025, and related management's discussion and analysis. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile on SEDAR+ at as well as on the Company's website at Sampling, QA/QC, and Analytical Procedures Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled HQ to below oxidation level and then is reduced to NQ for the remainder of the drill hole. Samples are transported to the SGS Côte d'Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits. Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo. About Kobo Resources Inc. Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa's most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company's 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region's largest gold mines with established processing facilities. With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development. Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit Twitter: @KoboResources | LinkedIn: Kobo Resources Inc. NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cautionary Statement on Forward-looking Information: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements 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 the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. View source version on Contacts For further information, please contact: Edward GosselinChief Executive Officer and Director1-418-609-3587ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
2 days ago
- Business
- Associated Press
Faraday Copper Expands Near-Surface Mineralization in the American Eagle Area and Identifies Exploration Upside at the Sunrise Trend
VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Faraday Copper Corp. ('Faraday' or the 'Company') (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of the final nine drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ('Copper Creek'). Five holes were drilled in the American Eagle area, one at Old Reliable, two at the Sunrise Trend and one at Horsecamp. Paul Harbidge, President and CEO, commented, 'These final drill results from the Phase III program have continued to expand the near-surface mineralization in the American Eagle area, including at the recently discovered Winchester breccia. We have now commenced work on an updated Mineral Resource Estimate, with an emphasis on expanding the open pit inventory. This work will support an updated Preliminary Economic Assessment with the goal of significantly enhancing the project economics.' 'We continue to see excellent exploration results at the project. Surface sampling and a reconnaissance drill hole at the Sunrise Trend have highlighted the potential for a new porphyry system. Across the property there are multiple untested breccias, which crop out at surface and we are excited to continue to unlock value with our next phase of drilling.' Highlights (For true width information see Table 1) Phase III Drill Program - Summary Phase III drilling commenced in October 2023 and concluded in mid-April 2025. With this news release, all 79 drill hole assays have been reported. For drill holes not reported herein, refer to news releases on the Company's website and SEDAR+ profile at Next Steps The Company has completed nearly 40,000 metres of incremental drilling beyond the current MRE2, which represents a significant opportunity to enhance the project value by increasing the open pit mineral resource. The Company anticipates the release of an updated MRE and Preliminary Economic Assessment ('PEA') near the end of the third quarter of 2025. Drill Hole Summary The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries which have strong copper geochemical signatures (Figures 1 and 2). These surface expressions locate above the large underground porphyry mineral resource1, which is approximately 500 m to 1,100 m depth below surface. Historically, the near-surface mineralization was not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated historical drill intercepts and historical small-scale mining highlight the potential for near-surface mineralization. This, together with assay results from Phase III drilling, provides a broad framework of the geology, structure, and alteration and confirms the potential for significant near-surface copper mineralization. The Sunrise Trend hosts the historical Bunker Hill mine, which is located 1.2 km south of American Eagle and 1 km west of Area 51 (Figure 1). The mine exploited a polymetallic lead-zinc-silver-copper vein in the early 20th century. Airborne short-wave infrared spectral data, together with a strong Induced Polarization ('IP') geophysical anomaly, geological mapping and rock chip sampling, highlight the exploration potential of the area. The data suggest the historically mined vein is related to a porphyry centre separate from the American Eagle and Mammoth - Keel systems at Copper Creek. Modern exploration and drilling are limited in the area. Two reconnaissance holes were drilled to guide further exploration. Old Reliable is a historical mine, approximately 700 m west of Mammoth, where high-grade breccia-hosted mineralization was mined via surface blasting. Geophysical data highlight a zone of low resistivity extending westward at depth from Keel to below Old Reliable. The Horsecamp area is part of the Western Breccia Trend and is located approximately 1 km to 1.5 km southwest of the Rum area (Figure 1). The trend extends over 5 km in a northwesterly orientation approximately 1 km to 2 km west of the resource area. It includes over 50 breccias intruding Glory Hole volcanics and granodiorite. Historical and current drilling along the trend is limited. The alteration and sulphide assemblages, together with geologic relationships suggest that shallow parts of these breccias are preserved, and copper mineralization may be present at depth. In the Horsecamp area several hydrothermal breccias and a vein zone with copper mineralization potential at depth crop out and are visible at surface. Figure 1: Plan View Showing Surface Geology and Location of the Drill Holes Note: The open pit shells are based on constraints used in the MRE as presented in the Copper Creek Technical Report2. Figure 2: Isometric View Showing Phase III Drill Holes in the American Eagle Area Note: The open pit shell and underground footprint are based on constraints used in the MRE as presented in the Copper Creek Technical Report2. For drill holes not reported herein, refer to news releases on the Company's website at and on the Company's SEDAR+ profile at Table 1: Selected Drill Results Note: All intercepts are reported as downhole drill widths. Mineralization includes bulk porphyry style and breccia mineralization. True widths are approximate due to the irregular shape of mineralized domains. N/A: Not analyzed. Table 2: Collar Locations from the Drill Holes Reported Herein Note: Coordinates are given as World Geodetic System 84, Universal Transverse Mercator Zone 12 north (WGS84, UTM12N). Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance All sampling was conducted under the supervision of the Company's geologists and the chain of custody from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, AZ, was continuously monitored. The samples were taken as ½ core, over 2 m core length. Samples were crushed, pulverized and sample pulps were analyzed using industry standard analytical methods including a 4-Acid ICP-MS multielement package and an ICP-AES method for high-grade copper samples. Gold was analyzed on a 30 g aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th sample. Coarse and fine blanks were inserted every 20th sample. Approximately 5% of the core samples were cut into ¼ core and submitted as field duplicates. On top of internal QA-QC protocol, additional blanks, reference materials and duplicates were inserted by the analytical laboratory according to their procedure. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Faraday's VP Exploration, Dr. Thomas Bissig, P. Geo., who is a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ('NI 43-101"). Notes 1 Copper cutoff grade is as presented in the MRE2. 2 The Mineral Resource Estimate is presented in the report titled 'Copper Creek Project NI 43-101 Technical Report and Preliminary Economic Assessment' with an effective date of May 3, 2023, available on the Company's website at and on the Company's SEDAR+ profile at About Faraday Copper Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol 'FDY'. For additional information please contact: Stacey Pavlova, CFA Vice President, Investor Relations & Communications Faraday Copper Corp. E-mail: [email protected] Website: To receive news releases by e-mail, please register using the Faraday website at Cautionary Note on Forward Looking Statements Some of the statements in this news release, other than statements of historical fact, are 'forward-looking statements' and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the exploration potential of the Copper Creek property and the timing of the MRE and PEA. Although Faraday believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information. Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as 'Risk Factors' included in Faraday's disclosure documents filed on and available at This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence. SOURCE: Faraday Copper Corp. press release
Associated Press
3 days ago
- Business
- Associated Press
Canstar Strengthens Technical Advisory Board with the Appointment of Geologist and VMS Mineralization Expert, Dr. Stephen J. Piercey, P.Geo., FGC
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - Canstar Resources Inc. (TSXV: ROX) (OTC Pink: CSRNF) ('Canstar or the 'Company') has appointed Dr. Stephen J. Piercey, FGC to its Technical & Advisory Board. Dr. Piercey's recognized expertise in volcanogenic massive sulphide (VMS) mineralization—particularly within the Newfoundland Appalachians—will be a significant asset to Canstar's expanding exploration programs and its recently announced $11.5 million strategic joint venture with VMS Mining Corporation (VMSC). Dr. Piercey will support Canstar's technical team as the Company advances its exploration efforts in partnership with VMSC. The recently launched JV targets underexplored areas within the Buchans-Mary March VMS corridor, an area that has yielded some of the highest-grade polymetallic mineralization globally. This appointment further strengthens Canstar's technical capabilities and underscores its dedication to data-driven, scientifically rigorous exploration in one of Canada's most prolific but underexplored VMS districts. 'We are thrilled to welcome Dr. Piercey to our team at a pivotal time in the Company's evolution,' said Juan Carlos Giron Jr., President & CEO of Canstar. 'His deep understanding of VMS deposits, including those of the Newfoundland Appalachians makes him an ideal technical advisor as we execute on our exploration strategy in Newfoundland. His appointment reflects our commitment to scientific excellence and our focus on technically rigorous exploration.' Alignment with Canstar's Strategic Objectives Canstar's ongoing exploration focus in Newfoundland—including the recently announced VMSC JV—aligns closely with Dr. Piercey's area of specialization. His appointment brings several immediate benefits: About Dr. Stephen Piercey Dr. Piercey is a University Research Professor and Full Professor in the Department of Earth Sciences at Memorial University of Newfoundland (MUN), where he leads the Piercey Research Group and a consulting geologist with Piercey Geosciences Inc.. An expert in economic geology, he specializes in lithostratigraphy, volcanology, hydrothermal alteration, and geochemistry—applying integrated field, petrographic, lithogeochemical and microanalytical techniques to understanding VMS, orogenic gold, uranium, and other base-metal systems. A Memorial University alumnus (BSc(Hons), MSc), he holds a PhD from UBC and is recognized as a Fellow of Geoscientists Canada (FGC), recipient of the distinguished Duncan R. Derry Medal from the Mineral Deposits Division of the Geological Assocation of Canada, and recipient of Memorial's University Research Professor award. He is a Professional Geoscientist (PGeo) in Newfoundland and Labrador, Ontario, and British Columbia. Dr. Piercey has secured over $9 million in research funding, published extensively (100+ peer-reviewed papers, government reports, technical guides), supervised more than 50 graduate students and post-docs, and previously served as the NSERC-Altius Industrial Research Chair in Mineral Deposits. His groundbreaking work on Newfoundland's Cambrian-Ordovician VMS systems—such as Duck Pond, Sail Pond, Ming, and projects in the Buchans-Roberts Arm Belt—advances Canstar's scientific understanding and exploration tools in the region. Additional Information on Canstar's Buchans and Mary March Projects Canstar's Buchans and Mary March Projects are located in the Buchans-Roberts Arms Belt of west-central Newfoundland, Canada. Recognized as one of the highest-grade VMS systems in history, Buchans was mined by ASARCO from the 1920s to the 1980s. Five deposits yielded 16.2 million tonnes with average mill head grades of 14.51% zinc, 7.56% lead, 1.33% copper, 122 g/t silver, and 1.37 g/t gold. 2 Canstar's Buchans Project sits immediately adjacent to the historic Buchans mines. New 3D geological modelling (2024) by Canstar indicates that the Buchans River Formation, the geological host unit for all five historic Buchans Mine deposits, underlies Canstar's entire Buchans property at depth. The formation plunges from the historically mined deposits towards Canstar's adjacent Buchans-area claims. A SkyTEM time-domain electromagnetic survey in 2017 identified several multi-kilometre geophysical anomalies within Canstar's Buchans claims. The anomalism coincides with an area of low magnetism, indicating a potential alteration zone. A historic drillhole from the 1970s—located within one of these anomalies—intersected what was described as 'stockwork style' mineralization. Stockwork zones typically exhibit a geophysical signature characterized by low magnetism, variable (generally poor to moderate) electrical conductivity, and good chargeability. These characteristics are similar to the geophysical attributes of the stockwork zones of the historic Buchans deposits, suggesting the potential discovery of stockwork and alteration zones associated with Buchans-style VMS deposits. Canstar's Mary March project, located 25km from the historic Buchans mines, features a large mineralized system with alteration zones similar in scale to those at Buchans and high-grade massive sulphides. Historic drilling intersected a faulted-off massive sulphide lens 9.63 m thick, assaying 0.64% Cu, 1.8% Pb, 10.1% Zn, 4.2 g/t Au, 122 g/t Ag. 1 In 2019, Canstar trenching identified Buchans-style debris flow deposits with massive sulphide clasts, which assayed up to 5.7% Cu, 1.6% Pb, 1.8% Zn, 29.4 g/t Ag, and 1.2 g/t Au. 2 Other Corporate Updates On June 16, 2025, Canstar's Board of Directors approved the grant of an aggregate of 1,110,000 incentive stock options (the 'Options') to officers, directors, consultants, and employees of the Company pursuant to its stock option plan. The Options are exercisable at a price of $0.05 per common share and will expire on June 16, 2030. The Options are subject to specific vesting provisions as determined by the Board of Directors and in accordance with the policies of the TSX Venture Exchange (the 'Exchange'). Footnotes (1) Reported by Phelps Dodge in 1999 (historic unverified assays): 9.63 metres grading 4.2 g/t gold, 122 g/t silver, 10.1% zinc, 1.8% lead, and 0.64% copper (2) Historical production source: Zinc and Lead, Mineral Commodities of Newfoundland and Labrador, Geological Survey of Newfoundland and Labrador, Compiled by R.J. Wardle, 2008 Qualified Person Statement Bob Patey (Hons), Vice President for Exploration for Canstar and a Qualified Person as defined in NI 43-101, has prepared and approved all scientific and technical information disclosed in this news release. Acknowledgement Canstar acknowledges the financial support of the Junior Exploration Assistance (JEA) Program from the Government of Newfoundland and Labrador Department of Industry, Energy and Technology, which has been a valuable contribution to the exploration programs on the Company's Buchans-Mary March and Golden Baie projects. About Canstar Resources Inc. Canstar Resources Inc. (TSXV: ROX) is an exploration company focused on critical minerals and gold. The Company's 100%-owned Golden Baie Project (489.5 km²) hosts high-grade gold and antimony showings along a major mineralized structure that also hosts a large number of gold deposits. The Buchans and Mary March projects (120.5 km 2 ) are located within the past-producing VMS zinc-, copper-, and silver-rich Buchans Mining Camp and boast high-grade zinc and copper discoveries. For further information, please contact: Juan Carlos Giron, Jr. President & Chief Executive Officer Email: [email protected] Phone: (647) 557-3442 Website: 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. This news release includes certain 'forward-looking statements' that are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes,' 'anticipates,' 'expects,' 'estimates,' 'may,' 'could,' 'would,' 'will,' or 'plan.' Since forward-looking statements are based on assumptions and address future events and conditions, they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not assure that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to: the execution and terms of the proposed partnership with TerraAI, the anticipated benefits of AI deployment in mineral exploration, the objectives and scope of the $11.5 million joint venture with VMS Mining Corporation, the expectation that the use of AI can improve discovery probabilities and reduce costs, exploration plans for the Buchans and Mary March projects, and any future drilling or data interpretation outcomes. Forward-looking information also includes the Company's business objectives, exploration results, potential mineralization, the estimation of mineral resources, timing of exploration and development plans, and assumptions about market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the risk that the definitive agreement with TerraAI is not completed; the technology does not perform as anticipated; AI integration does not result in discovery success or cost efficiencies; difficulties accessing or validating historical data; limitations in data modeling or interpretation; delays or disruptions to the current Deep IP survey; and risks generally associated with the adoption of novel technologies in exploration. Additional risks include failure to identify mineral resources, failure to convert estimated mineral resources to reserves, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects capital and operating variances. and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. No assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit
Associated Press
3 days ago
- Business
- Associated Press
Stillwater Critical Minerals Mobilizes Drill Rigs to Stillwater West Critical Minerals Project in Montana, USA
VANCOUVER, BC / ACCESS Newswire / June 18, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G), (the 'Company' or 'Stillwater') is pleased to announce that Energold Drilling has been retained to commence work at its flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA, and is currently mobilizing rigs to site. The 2025 program will focus on the expansion of drill-defined mid to high-grade polymetallic sulphide mineralization in the most advanced project areas while also testing adjacent priority targets identified in the updated geologic model announced by the Company on March 26, 2025. The upcoming drill campaign follows the successful completion of the property-wide MobileMT magneto-telluric geophysical survey in 2024, which identified multiple multi-kilometer-scale conductive highs and resistivity lows coincident with known mineralization and mineralized horizons. Results have provided a transformative view of the mineralized system across the lower Stillwater Igneous Complex and doubled the extent of Stillwater's 3D geological model from 9.5 kilometers to over 20 kilometers. The 2025 drill program is being advanced in collaboration with Glencore plc through the Stillwater West Technical Committee, alongside technical partners ALS GoldSpot leveraging artificial intelligence and machine learning to refine targeting across the property. 'The 2024 geophysical survey has transformed our understanding of the Stillwater West project,' commented Dr. Danie Grobler, Vice-President Exploration. 'The identification of multiple large-scale conductive targets in and around known mineralization provides us with a robust pipeline of high-quality drill targets for expansion of our current resources. The 2025 campaign represents a significant step forward as we continue to unlock the full potential of what we believe is one of America's most important critical mineral districts.' Michael Rowley, Stillwater President and CEO, added 'We are excited to ramp up to our 2025 field season as we look to apply our updated geologic model to the expansion of critical minerals supply from an iconic American mining district. The Company is well positioned to bring the robust economics of the large, polymetallic sulphide mines of the Platreef district in South Africa's Bushveld Igneous Complex to the parallel geological setting of the Stillwater Igneous Complex in the United States. We look forward to providing updates on our 2025 campaign and government initiatives in the near term, in addition to updates from our non-core assets.' About Stillwater Critical Minerals Corp. Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF | FSE: J0G) is a resource-stage mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore plc, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel-platinum group element resource in an active U.S. mining district as part of a compelling suite of ten minerals now listed as critical in the USA. Stillwater also holds a 49% interest in the high-grade Drayton-Black Lake gold project adjacent to NexGold Mining's development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum's Wellgreen deposit in Canada's Yukon Territory. The Company also holds the Duke Island Cu-Ni-PGE property in Alaska and maintains a back-in right on the high-grade past-producing Yankee-Dundee in BC. FOR FURTHER INFORMATION, PLEASE CONTACT: Michael Rowley, President, CEO & Director - Stillwater Critical Minerals Email: [email protected] Phone: (604) 357 4790 Web: Toll Free: (888) 432 0075 Forward-Looking Statements This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Stillwater Critical Minerals 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 or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater Critical Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at 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. SOURCE: Stillwater Critical Minerals press release
