Anteros Announces Application to JEA Program for Havens Steady Critical Mineral VMS Property, Newfoundland

Anteros Announces Application to JEA Program for Havens Steady Critical Mineral VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that it has submitted a formal application under the 2025 Junior Exploration Assistance ("JEA") program for its 100%-owned Havens Steady Critical Mineral VMS Property ("Havens Steady or the "Property") in south-central Newfoundland (Figure 1). The Company's application seeks participation in both the Critical Mineral Assistance ("CMA") and Provincial Critical Mineral Assistance ("PCMA") funding streams, which provide enhanced rebates for critical mineral exploration activities in the province.

By leveraging these funding streams, Anteros aims to expand the known mineralization at Havens Steady and work toward defining a new critical mineral deposit for Newfoundland and Labrador.

JEA APPLICATION HIGHLIGHTS

  • Havens Steady hosts a polymetallic Volcanogenic Massive Sulphide ("VMS") system with significant occurrences of zinc, copper, silver, lead, and gold, qualifying the project for both CMA and PCMA components of the JEA Program.
  • Anteros has proposed a diamond drilling campaign comprising four (4) holes of 500 metres each for a total of 2,000 metres. Drilling is designed to step out from existing mineralized zones defined by more than 8,000 metres of historical drilling and intercepts of polymetallic, Kuroko-style VMS mineralization.
  • The Company has secured all necessary drilling and exploration approvals from the Mineral Lands Division of Newfoundland and Labrador. Located close to hydroelectric power and a skilled regional workforce, the Property benefits from excellent infrastructure and year-round road access in a mining-friendly jurisdiction.
  • The 1,000-metre known strike length is hosted in an altered felsic volcanic sequence, analogous to other large VMS deposits in the Buchans-Victoria Lake area. Historical work has identified multiple untested geophysical anomalies and strong precious-metal (gold-silver) and base-metal (zinc-lead-copper) intercepts. The Company intends to further evaluate these high-priority targets to bolster the province's growing inventory of critical minerals.

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Figure 1: Havens Steady Property location (1:350,000 scale)

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EXPLORATION STRATEGY

Since acquiring the Property in January 2024, Anteros has performed comprehensive digital compilation of historic data, confirming multiple conductive anomalies derived from past airborne electromagnetic surveys and highlighting several zones of high-grade sphalerite, galena, bornite, and chalcopyrite mineralization. Building on these findings and a newly established 3D modeling effort that refines the positions of various mineralized horizons, the Company is undertaking a Phase One exploration program with a CAD $300,000 budget. This initial phase, scheduled to begin in early summer of 2025, will focus on four diamond drill holes designed to extend mineralization along the Property's known 1,000-metre strike. Drilling targets will be selected using historical drill data, a recently digitized geophysical survey, and detailed structural interpretations of the VMS system, with the aim of delineating higher-grade shoots enriched with copper and gold. Drilling results are expected to inform a future NI 43-101-compliant mineral resource estimate.

PROPERTY HIGHLIGHTS

  • 100%-owned by Anteros Metals

  • Road accessible and situated in a region renowned for rich, Kuroko-type VMS deposits

  • Proximal to the past-producing Duck Pond Mine and other major VMS operations within the renowned Buchans Mining District

  • 1,000-metre corridor of lead-zinc-silver ± copper-gold mineralization, extending to over 800 metres below surface

  • Historic drilled intercepts include:

    • 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09-21 from 133.77m

    • 59.70m of 0.11% Cu, 0.17% Pb, 0.66% Zn, 8.32g/t Ag, and 0.23g/t Au in HS-87-2 from 9.20m

    • 97.70m of 0.04% Cu, 0.33% Pb, 1.57% Zn, 9.20g/t Ag, and 0.09g/t Au in HS-88-05 from 298.00m

  • Historic drilled intercepts of gold and/or copper enrichment, including:

    • 2.72m of 2.1% Cu, 3.6% Pb, 6.17% Zn, 56.42g/t Ag, and 1.82g/t Au in HS09-18 from 97.42m

    • 1.70m of 3.80% Cu, 1.06% Pb, 2.90% Zn, 78.20g/t Ag, and 3.04g/t Au in HS09-21 from 80.80m

    • 0.50m of 3.10% Cu, 0.16%Pb, 0.85% Zn, 23.80g/t Ag, and 0.59g/t Au in HS09-21 from 120.75m

    • 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09-21 from 133.77m

    • 2.60m of 2.94 g/t Au in HS-87-2 from 13.70m

    • 1.30m of 4.16% Cu in HS-86-86 from 134.7m

  • Valid exploration permits in place, ensuring a streamlined 2025 drill program

  • Complements the Company's Strickland VMS property, emphasizing a strategic focus on copper-zinc-lead as critical minerals for project portfolio expansion and economic growth

REGIONAL SETTING

Havens Steady is located within the Central Mobile Belt of the Dunnage Zone in Newfoundland and Labrador, an area underlain by Cambrian to Silurian volcanic and sedimentary sequences, as well as associated intrusive rocks. Situated along the periphery of the Victoria Lake Supergroup, home to several important volcanic assemblages, the Property resides within a mining-friendly jurisdiction that has historically yielded large, polymetallic VMS deposits. Notably, the past-producing Duck Pond Mine, only 15 kilometres away, reported pre-production reserves of 4.078 million tonnes grading 3.29% Cu, 5.68% Zn, 59.3 g/t Ag, and 0.86 g/t Au, in addition to an inferred and measured resource of 1.073 million tonnes of 3.04% Cu, 7.05% Zn, 71.2g/t Ag and 0.8g/t Au (Canadian Mining Journal, Aug 1, 2006).

The district's record of high-grade copper, zinc, and precious metal production underlines the geological potential of this emerging critical mineral hub.

GEOLOGICAL SETTING

Dominated by felsic volcanic rocks interbedded with graphitic argillites and siltstones, the Property exhibits strong sericitization and silicification, with chloritic alteration intimately associated with massive and stringer sulfide zones (Figure 2). The multiple known mineralized horizons host notable occurrences of sphalerite, galena, chalcopyrite, and bornite. The broader Buchans-Victoria Lake area is known globally for rich polymetallic ore bodies akin to the prolific Kuroko deposits of Japan.

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Figure 2: Geology, geophysics, and historical drilling at Havens Steady

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ADDITIONAL INFORMATION

For more information regarding the Newfoundland and Labrador Junior Exploration Assistance Program, please visit: https://www.gov.nl.ca/iet/mines/exploration/mip/jea/

Additional details about Havens Steady and Anteros Metal's operations are available in the Company's Investor DECK, downloadable on the Company website:
https://anterosmetals.com/wp-content/uploads/2025/02/Anteros_Deck_February_2025.pdf

QUALIFIED PERSON

The technical information contained in this news release has been reviewed and approved by Jesse Halle, P. Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Halle is independent of Anteros Metals Inc. within the meaning of NI 43-101.

ABOUT Anteros Metals Inc.

Anteros is a multimineral junior mining company using data science to target and acquire highly prospective deposits for exploration and development throughout Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com
Phone: +1-709-769-1151
Web: www.anterosmetals.com
Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com
Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200
St. John's, NL, Canada
A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to report assay results following a preliminary visit to its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. The field visit, designed to confirm historical surface data and refine exploration targets ahead of trenching and drilling, resulted in the discovery of high-grade copper-silver-gold mineralization from a newly accessible area approximately 200 metres northeast and along strike of the modelled Main Mineralized Zone ("MMZ").

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Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the identification of a near-surface, high-grade, critical-metal-bearing zone at its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. AI-assisted 3D modelling of historical drill data has highlighted stacked lenses of zinc-lead-silver-copper mineralization near surface. This newly interpreted target area, termed the NHC Zone, remains largely untested by historical drilling and will be a key focus of upcoming exploration activities. Field validation and further targeting work are planned to support an inaugural mineral resource estimate for the Property.

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Group Eleven Drills Best Hole Yet at Ballywire: 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu, incl. 5.6m of 16.6% Zn+Pb, 370 g/t Ag and 0.86% Cu

Group Eleven Drills Best Hole Yet at Ballywire: 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu, incl. 5.6m of 16.6% Zn+Pb, 370 g/t Ag and 0.86% Cu

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest step-out drill results from the Zn-Pb-Ag horizon at its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland. Drilling at Ballywire's deeper, Cu-Ag target is in progress (to be reported in due course).

Highlights:

  • 25-3552-35 (a 50m step-out to the NE from previous drilling, along the Zn-Pb-Ag horizon) intersected:
    • 53.9m of 7.9% Zn+Pb (4.7% Zn and 3.2% Pb), 99 g/t Ag and 0.20% Cu, including
    • 39.7m of 9.5% Zn+Pb (5.6% Zn and 3.9% Pb), 131 g/t Ag and 0.27% Cu, including
    • 18.3m of 16.1% Zn+Pb (8.9% Zn and 7.2% Pb), 233 g/t Ag and 0.42% Cu, including
    • 5.6m of 16.6% Zn+Pb (8.0% Zn and 8.5% Pb), 370 g/t Ag and 0.86% Cu
    • True thickness is estimated to be 90-100% of the intervals noted above and below
  • Three Cu-Ag enriched zones were also intersected below the above intercept in the same hole:
    • 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
      • 0.9m of 2.1% Zn+Pb (1.5% Zn and 0.6% Pb), 831 g/t Ag and 2.46% Cu and
    • 0.9m of 195 g/t Ag and 0.21% Cu and
    • 3.5m of 7.1% Zn+Pb (3.5% Zn and 3.6% Pb), 134 g/t Ag and 0.34% Cu, including
      • 0.9m of 3.5% Zn+Pb (0.5% Zn and 3.0% Pb), 224 g/t Ag and 0.63% Cu
  • These results extend the strike length of the immediate Ballywire discovery corridor from 1,250m to 1,300m, while demonstrating much thicker mineralization than previously encountered
  • This corridor is hosted within a larger 2.6km long trend of robust mineralization pierced by drilling at Ballywire to date, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date)
  • Today's elevated Cu-Ag values further substantiate the Company's 'deeper Cu-Ag' target (100-200m below the Zn-Pb-Ag horizon), currently being drill tested (second hole in progress)
  • Three rigs are turning at Ballywire with over 4,000m of drilling completed year-to-date; Group Eleven aims to complete 8,000-10,000m in 2025 (fully funded)

"Today's hole represents our thickest intercept yet at the Ballywire discovery, surpassing our 29.6 metres of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu announced in June 2024," stated Bart Jaworski, CEO. "Not only does this intercept extend strike and show exceptional mineralized thickness but also demonstrates zones of strong copper-silver values. This adds to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below the main Ballywire discovery horizon. This deeper target is currently being drilled, with one hole finished and a second started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire and a recently announced strengthened cash position of C$4.3 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future."

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Exhibit 1. Plan Drill Hole Map of Ballywire Discovery, Showing Hole 25-3552-35

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Exhibit 2. Long-Section of 25-3552-35 (50m Step-Out) at Ballywire

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Note: Structural interpretation above is preliminary and subject to change with further drilling and compilation

Ballywire Drill Update

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 53 holes drilled and reported by Group Eleven to date, including the most recent hole (25-3552-35) reported today (see Exhibits 1 to 3).

Drilling at Ballywire continues with three rigs. Currently, eight (8) new holes are completed (and in the process of being logged, sampled and assayed). Six of these holes are shown in Exhibit 1, with two other holes near gravity-high anomaly 'D' (located 1.3km to the ENE). Recently strengthened financial position provides Group Eleven flexibility to either ramp-up drilling in 2025 and/or extend its runway for drilling well into 2026.

Assays from 25-3552-35 are summarized below (see Exhibit 3). Strong mineralization starts to occur within the Waulsortian Limestone at 120.6m downhole and continues intermittently until 187.9m, at which point, mineralization becomes more consistent through to near the base of the Waulsortian Limestone at 242.9m. Below the Waulsortian Limestone, several horizons of elevated copper-silver occur. Mineralization consists predominantly of sphalerite, galena and pyrite, with the copper-silver bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

Exhibit 3. Summary of Assays from 25-3552-35 at Ballywire

ItemFrom
(m)
To
(m)
Int
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
Ag
(g/t)
Cu
(%)
25-3552-35120.58121.490.9110.852.9013.75235.00.03
And148.67149.620.9516.904.0520.9569.60.02
And155.22156.150.936.160.676.8318.50.01
And163.74177.6313.893.610.574.179.40.00
Incl.173.19177.634.445.081.146.2218.60.01
Incl.174.98175.910.9310.202.7212.9247.10.02
And187.88241.8253.944.723.187.8999.30.20
Incl.202.15241.8239.675.613.859.45131.10.27
Incl.212.55230.8118.268.897.1816.06233.10.42
Incl.212.55224.2111.6611.609.9921.59207.80.34
Incl.221.33226.965.638.038.5416.57370.00.86
Incl.222.32223.250.9316.2018.9035.10556.01.13
And238.21241.823.610.410.170.5896.40.54
Incl.240.92241.820.900.820.551.37223.01.27
And252.32257.805.480.942.223.16208.80.49
Incl.252.32254.091.772.013.685.69616.81.50
Incl.252.32253.200.881.480.632.11831.02.46
And263.23264.150.920.010.080.09195.00.21
And268.70272.153.453.503.557.06133.70.34
Incl.271.27272.150.880.502.993.49224.00.63

 

Note: True thickness of the mineralized interval in hole 25-3552-35, as a percentage of the down-hole interval, is estimated to be 90-100%

Notes to Exhibit 4: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

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Exhibit 4. Regional Map of Ballywire Discovery

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Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.55m to 1.32m with an average (over 188 samples) of 0.92m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit2. The Company's two largest shareholders are Michael Gentile (15.3%) and Glencore Canada Corp. (15.2% interest). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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.

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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Questcorp Mining Engages Marketing Consulting Firm Spark Newswire

Questcorp Mining Engages Marketing Consulting Firm Spark Newswire

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce it has entered into a marketing consulting services agreement (the "Spark Agreement" or the "MSA") with Spark Newswire Inc. ("Spark") pursuant to which, among other things, Spark is to provide certain promotional services to the Company.

Spark are very selective in the clients they work with, only partnering with organizations that have a well-deserved reputation for quality and credibility and only working with one organization within a particular market sector at a time. Spark's goal is to integrate with their client's values and core brand narratives, becoming an extension of the overall corporate and capital markets team, assisting in building shareholder equity, brand equity and overall market awareness.

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