Aurum Resources offers a compelling value proposition through its highly prospective gold asset in Côte d'Ivoire, a fast-emerging gold region in West Africa. Its cost-effective exploration strategy of drill rig ownership also distinguishes it from its peers.
Aurum Resources (ASX:AUE) is a mineral exploration company primarily focused on gold through its flagship Boundiali gold project located in Côte d’Ivoire, West Africa.
Côte d'Ivoire's gold mining sector is experiencing significant growth and development, with several key projects contributing to the country's economic expansion. The overall gold mining sector in Côte d'Ivoire is supported by substantial investments in infrastructure and exploration.
Geopolitically, Côte d'Ivoire outperforms most developing countries in the world in political, legal, tax and operational risk metrics. Additionally, Côte d'Ivoire continues to make notable strides in its political stability and Absence of Violence and Terrorism Index.
Boundiali Gold Project – BD Target 1 Artisanal Working
Aurum has entered into a Bid Implementation Agreement with Mako Gold for Aurum to acquire 100 percent of the issued shares in Mako. This proposed merger will allow both Aurum and Mako security holders to benefit from the combination of Aurum’s strong balance sheet and exceptional drilling efficiencies with AU$23 million in cash at the end of December 2024 to support work programs targeted at further resource definition across Aurum and Mako’s assets in northern Côte d'Ivoire. Aurum is currently in its final phase of compulsory acquisition of remaining Mako shares after it received over 90% acceptance of MKG shares in late January 2025.
The merger is backed by a highly experienced board and management team with extensive gold experience from grassroots discovery, through to resource drill-out, feasibility studies, project finance, and production.
The Boundiali gold project in Cote d’Ivoire is located within the Boundiali Greenstone Belt, which hosts Resolute’s Syama gold operation (11.5 Moz) and the Tabakoroni deposit (1 Moz) in Mali. Neighbouring assets also include Barrick’s Tongon mine (5 Moz) and Montage Gold’s Kone project (4.5 Moz).
The Boundiali project area covers the underexplored southern extension of the Boundiali belt, where a highly deformed synclinal greenstone horizon traverses finer-grained basin sediments, and to the west, Tarkwaian clastic rocks lie in contact with a granitic margin. The project benefits from year-round road access and excellent infrastructure.
The first stage of drilling at Boundiali occurred from late October 2023 to end of November 2024 for both the BM and BD tenements (BM1 and BM2; BD1, BD2 and BD3 targets) and was designed to test below-gold-in-soil anomalies oriented along NE trending structures, define new gold prospects and define maiden JORC resources. With over 63,000m diamond holes drilled during this period, Maiden JORC gold resources estimate was delivered in late December 2024.
Drilling costs are estimated at US$45 per metre, as Aurum owns all of its eight drilling rigs and employs its operators, representing a significant value proposition relative to peers who use commercial drilling companies that charge upwards of $200 per meter. The company believes there is potential for multi-million ounce gold resources to be defined with hundreds thousands meters of drilling over years within the Boundiali Gold Project’s land holding areas.
The Boundiali gold project comprises four contiguous granted licenses: PR0808 (80 percent interest), PR0893 (80 percent and earning to 88 percent interest), PR414 (100 percent interest), and PR283 (earning to 70 percent interest). Historic exploration at PR0893 includes 93 AC drill holes and four RC holes. Airborne geophysical surveying, geological mapping and extensive soil sampling have also been performed at PR0893, while PR0808 has had 91 RC holes drilled for 6,229 metres along with geochemical analysis and modeling. Detailed geochemical sampling and drilling at PR414 revealed three strong gold anomalies and returned impressive high-grade results.
Following the renewal of its Boundali South (BST) exploration licence in September 2024, drilling at the Nyangboue deposit is planned for H1 2025 and H2 2025. Previous exploration at BST has returned impressive results, including 20 m at 10.45 g/t gold from 38 meters, and 30 m at 8.30 g/t gold from 39 m.
In May 2024, Aurum entered a strategic partnership agreement to earn up to a 70 percent interest in exploration tenement PR283, to be renamed Boundiali North (BN). Aurum, through subsidiary Plusor Global Pty Ltd, has partnered with Ivorian company Geb & Nut Resources Sarl and related party (GNRR) to explore and develop the Boundiali North (BN) tenement which covers 208.87sq km immediately north of Aurum’s BD tenement. Further to this agreement,
Aurum announced it has earned 80 percent project interest after completing more than 20,000 m of diamond core drilling.
Boundiali Project JORC Mineral Resource Estimate
Aurum has announced a maiden independent JORC mineral resource estimate of 1.59 Moz gold for its 1,037 sq. km. The Boundiali Gold Project comprises the BST, BDT1 & BDT2, BMT1 and BMT3 deposits. Drilling is ongoing on these deposits, and Aurum has identified other prospects at Boundiali which have yet to be drilled. Since October 2023, the company has completed an extensive 63,927-metre diamond drilling program. This aggressive exploration campaign has rapidly defined a significant gold resource of 50.9 Mt @ 1.0 g/t gold for 1.6 million ounces.
A 100,000 m of drilling is planned and being carried out at Boundiali using eight self-owned diamond rigs to drive resource growth with two JORC resources updates in 2025.
In 2025, Aurum plans to launch a mining exploitation licence application and complete a PFS and environment study for the Boundiali Gold Project.
Troy Flannery has more than 25 years’ experience in the mining industry, including nine years in corporate and 17 years in senior mining engineering and project development roles. He has a degree in mining engineering, masters in finance, and first class mine managers certificate of competency. Flannery has performed non-executive director roles with numerous ASX listed companies and was the CEO of Abra Mining until October 2021. He has worked at numerous mining companies, mining consultancy and contractors, including BHP, Newcrest, Xstrata, St Barbara Mines and AMC Consultants.
Dr. Caigen Wang founded Tietto Minerals (ASX:TIE), where he led the company as managing director for 13 years through private exploration, ASX listing, gold resource definition, project study and mine building to become one of Africa’s newest gold producers at its Abujar gold mine in Côte d’Ivoire. He holds a bachelor, masters and PhD in mining engineering. He is a fellow of AusIMM and a chartered professional engineer of Institution of Engineer, Australia. Wang has 13 years of mining academic experience in China University of Mining and Technology, Western Australia School of Mine and University of Alberta, and over 20 years of practical experience in mining engineering and mineral exploration in Australia, China and Africa. Other professional experience includes senior technical and management roles in mining houses, including St. Barbara, Sons of Gwalia, BHP Billiton, China Goldmines PLC and others.
Mark Strizek has nearly 30 years’ experience in the resource industry, having worked as a geologist on various gold, base metal and technology metal projects. He brings invaluable geological, technical and development expertise to Aurum, most recently as an executive director at Tietto Minerals’, which progressed from an IPO to gold production at the Abujar gold project in West Africa. Strizek has worked as an executive with management and board responsibilities in exploration, feasibility, finance and development-ready assets across Australia, West Africa, Asia and Europe.
(TheNewswire)
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March 3, 2025 TheNewswire - Drilling at La Soledad, has intercepted multiple high-grade veins as the Target 1 resource update drilling progresses at the Copalquin silver and gold district property in Durango State, Mexico.
HIGHLIGHTS
4.95m @ 20.5 g/t gold, 1,833 g/t silver, from 107m (MTH-ES25-11), including
0.55m @ 110 g/t gold, 7,530 g/t silver, from 110m,
0.56m @ 22.8 g/t gold, 1,425 g/t silver, from 130.49m
3.77m @ 1.42 g/t gold, 100.8 g/t silver, from 136.78m, including
0.92m @ 4.97 g/t gold, 296.4 g/t silver, from 136.78m
2.55m @ 9.97 g/t gold, 571.8 g/t silver from 112m, (MTH-ES25-10), including
1.00m @ 20.7 g/t gold, 1,130 g/t silver from 113m
4.85m @ 1.47 g/t gold, 165.3 g/t silver, from 67.2m including
0.80m @ 4.49 g/t gold, 308 g/t silver from 68.0m
0.55m @ 2.42 g/t gold, 504 g/t silver from 70.0m
0.25m @ 15.2 g/t gold, 786 g/t silver from 98.25m (MTH-ES25-09),
0.30m @ 5.39 g/t gold, 210 g/t silver from 138m
0.50m @ 13.25 g/t gold, 584 g/t silver from 89.8m (MTH-ES25-08),
7.40m @ 1.59 g/t gold, 64.6 g/t silver from 17.6m, including
2.48m @ 3.28 g/t gold, 107.4 g/t silver from 17.6m
1.75m @ 1.29 g/t gold, 41.4g/t silver from 97.0m
In February, a further six drill holes have been completed at La Soledad, with drilling ongoing expanding the footprint and structural knowledge in this silver and gold rich NW trending structure. Considerable strike and depth potential exists in this area.
Addition of a second drill is on schedule with the municipal access road upgrade for completion late March, allowing 35,000m of core drilling in the district throughout 2025 and advancing the next two target areas while developing the large district scale geologic model
Mithril Silver and Gold Limited ("Mithril" or "the Company") (MTH:ASX, MSG:TSXV) announces drill results for the Target 1 resource expansion programme at its Copalquin District project, Mexico.
John Skeet, Mithril's Managing Director and CEO commented:
"Drilling at La Soledad in the Target 1 area has continued to produce exceptional results for this silver and gold rich multi-level historic mine area. The La Soledad structure is open at depth and to the north-west with the opportunity to locate additional ‘ore shoots' along strike. The drill program is expanded in the La Soledad area with several additional holes to complete before moving the drill to Refugio West in the Target 1 resource area. Drilling in the Target 1 area will continue until the end of March 2025, the anticipated cut-off date for the resource update drilling. The second drill is scheduled to be on site and commence drilling early April, at the Target 2 area. Progress is on track to complete 35,000 metres of drilling this year, aiming to considerably expand the resource footprint and define the 10 km wide, extensive epithermal silver-gold system in our 70km 2 district."
COPALQUIN GOLD-SILVER DISTRICT, MEXICO
With 100 historic underground gold-silver mines and workings plus 198 surface workings/pits throughout 70km 2 of mining concession area, Copalquin is an entire mining district with high-grade exploration results and a maiden JORC resource. To date there are several target areas in the district with one already hosting a high-grade gold-silver JORC resource at El Refugio (529koz AuEq @6.81 g/t AuEq) 1 supported by a conceptional underground mining study completed on the maiden resource in early 2022 ( see ASX announcement 01 March 2022 and metallurgical test work (see ASX Announcement 25 February 2022 ). There is considerable strike and depth potential to increase the resource at El Refugio and at other target areas across the district, plus the underlying geologic system that is responsible for the widespread gold-silver mineralisation.
With the district-wide gold and silver occurrences and rapid exploration success, it is clear the Copalquin District is d eveloping into another significant gold-silver district like the many other districts in this prolific Sierra Madre Gold-Silver Trend of Mexico.
Drilling is in progress at the Target 1 drill area where the current maiden resource drilling is scheduled to be completed by end of Q1 2025. Channel sampling work, using a diamond rock saw, has continued adjacent to the Target 1 area and immediately to the south towards the Copalquin creek. Drilling is planned to commence with the second drill rig at the Target 2 area by April 2025.
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Figure 1 LiDAR identified historic workings across the 70km 2 district. Target 1 area current drilling location, channel sampling area and the high priority drill target areas of Las Brujas-El Peru (Target 2) and La Constancia-El Jabali (Target 3). Several new areas highlighted across the district for follow-up work.
Drill Results Discussion
Drilling at La Soledad , the north-westerly tending structure on the north-eastern side of the Target 1 resource area, has returned excellent intercepts ahead of the planned resource update. Results for drill holes MTH-ES25-08 to MTH-ES25-11 are summarised below. Drilling is continuing at La Soledad where a further seven holes have been completed and four of these dispatched to the assay laboratory.
4.95m @ 20.5 g/t gold, 1,833 g/t silver, from 107m (MTH-ES25-11), including
0.55m @ 110 g/t gold, 7,530 g/t silver, from 110m,
0.56m @ 22.8 g/t gold, 1,425 g/t silver, from 130.49m
3.77m @ 1.42 g/t gold, 100.8 g/t silver, from 136.78m, including
0.92m @ 4.97 g/t gold, 296.4 g/t silver, from 136.78m
4.85m @ 1.47 g/t gold, 165.3 g/t silver, from 67.2m (MTH-ES25-10), including
0.80m @ 4.49 g/t gold, 308 g/t silver from 68.0m
0.55m @ 2.42 g/t gold, 504 g/t silver from 70.0m
2.55m @ 9.97 g/t gold, 571.8 g/t silver from 112m, including
1.00m @ 20.7 g/t gold, 1,130 g/t silver from 113m
0.25m @ 15.2 g/t gold, 786 g/t silver from 98.25m (MTH-ES25-09), plus
0.30m @ 5.39 g/t gold, 210 g/t silver from 138m
7.40m @ 1.59 g/t gold, 64.6 g/t silver from 17.6m (MTH-ES25-08), including
2.48m @ 3.28 g/t gold, 107.4 g/t silver from 17.6m
0.50m @ 13.25 g/t gold, 584 g/t silver from 89.8m
1.75m @ 1.29 g/t gold, 41.4g/t silver from 97.0m
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At El Cometa on the eastern side of the Target 1, the last two holes completed at resource area returned multiple shallow intercepts. The near surface ( 2 compared with 1.00 g/t AuEq 2 for >100m down hole intercept reporting) reflecting its potential for lower cost mining methods.
El Cometa features a broad mineralised structure with cross cutting structures hosting very high-grade gold and silver, such as reported from drill hole CDH-159 in 2024 ( 33.00m @31.8 g/t gold, 274 g/t silver from surface).
Intercepts for MTH-EC25-06 and MTH-EC25-07 are summarised below and have continued to build on the excellent results from this shallow mineralisation.
1.00m @ 1.56 g/t gold, 58.3 g/t silver from 31.0m (MTH-ES25-07)
1.00m @ 0.72 g/t gold, 29.0 g/t silver from 33.5m
6.00m @ 1.33 g/t gold, 178.6 g/t silver from 95.0m, including
1.70m @ 4.07 g/t gold, 588 g/t silver from 98.15m
7.00m @ 1.56 g/t gold, 70.5 g/t silver from 126m, including
1.00m @ 8.70 g/t gold, 272 g/t silver from 127m
2.90m @ 0.83 g/t gold, 88.0 g/t silver from 22.6m (MTH-ES25-06)
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ABOUT THE COPALQUIN GOLD SILVER PROJECT
The Copalquin mining district is located in Durango State, Mexico and covers an entire mining district of 70km 2 containing several dozen historic gold and silver mines and workings, ten of which had notable production. The district is within the Sierra Madre Gold Silver Trend which extends north-south along the western side of Mexico and hosts many world-class gold and silver deposits.
Multiple mineralisation events, young intrusives thought to be system-driving heat sources, widespread alteration together with extensive surface vein exposures and dozens of historic mine workings, identify the Copalquin mining district as a major epithermal centre for Gold and Silver.
Within 15 months of drilling in the Copalquin District, Mithril delivered a maiden JORC mineral resource estimate demonstrating the high-grade gold and silver resource potential for the district. This maiden resource is detailed below (see ASX release 17 November 2021 ) ^ and NI43-101 Technical Report filed on SEDAR+
2,416,000 tonnes 4.80 g/t gold, 141 g/t silver for 373,000 oz gold plus 10,953,000 oz silver (Total 529,000 oz AuEq*) using a cut-off grade of 2.0 g/t AuEq*
28.6% of the resource tonnage is classified as indicated
Tonnes (kt) | Tonnes (kt) | Gold (g/t) | Silver (g/t) | Gold Eq.* (g/t) | Gold (koz) | Silver (koz) | Gold Eq.* (koz) | |
El Refugio | Indicated | 691 | 5.43 | 114.2 | 7.06 | 121 | 2,538 | 157 |
Inferred | 1,447 | 4.63 | 137.1 | 6.59 | 215 | 6,377 | 307 | |
La Soledad | Indicated | - | - | - | - | - | - | - |
Inferred | 278 | 4.12 | 228.2 | 7.38 | 37 | 2,037 | 66 | |
Total | Indicated | 691 | 5.43 | 114.2 | 7.06 | 121 | 2,538 | 157 |
Inferred | 1,725 | 4.55 | 151.7 | 6.72 | 252 | 8,414 | 372 | |
TOTAL | 2,416 | 4.80 | 141 | 6.81 | 373 | 10,953 | 529 |
Table 1 - Mineral resource estimate El Refugio – La Soledad using a cut-off grade of 2.0 g/t AuEq*
* The gold equivalent (AuEq.) values are determined from gold and silver values and assume the following: AuEq. = gold equivalent calculated using and gold:silver price ratio of 70:1. That is, 70 g/t silver = 1 g/t gold. The metal prices used to determine the 70:1 ratio are the cumulative average prices for 2021: gold USD1,798.34 and silver: USD25.32 (actual is 71:1) from kitco.com. Metallurgical recoveries are assumed to be approximately equal for both gold and silver at this early stage. Actual metallurgical recoveries from test work to date are 96% and 91% for gold and silver, respectively. In the Company's opinion there is reasonable potential for both gold and silver to be extracted and sold. Actual metal prices have not been used in resource estimate, only the price ratio for the AuEq reporting. Formula for AuEq. = Au grade +((Ag grade/gold:silver price ratio) x (Ag recovery/Au recovery))
^ The information in this report that relates to Mineral Resources or Ore Reserves is based on information provided in the following ASX announcement: 17 Nov 2021 - MAIDEN JORC RESOURCE 529,000 OUNCES @ 6.81G/T (AuEq * ), which includes the full JORC MRE report, also available on the Mithril Resources Limited Website.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Mining study and metallurgical test work supports the development of the El Refugio-La Soledad resource with conventional underground mining methods indicated as being appropriate and with high gold-silver recovery to produce metal on-site with conventional processing.
Mithril is currently exploring in the Copalquin District to expand the resource footprint, demonstrating its multi-million-ounce gold and silver potential.
Mithril has an exclusive option to purchase 100% interest in the Copalquin mining concessions by paying US$10M on or any time before 7 August 2026 (option has been extended by 3 years). Mithril has reached an agreement with the vendor for an extension of the payment date by a further 2 years (bringing the payment date to 7 August 2028).
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Figure 2 – Copalquin District location map, locations of mining and exploration activity and local infrastructure
-ENDS-
Released with the authority of the Board.
For further information contact:
John Skeet Managing Director and CEO jskeet@mithrilsilvergold.com +61 435 766 809 +1 672 962 7112 | Mark Flynn Investor Relations mflynn@mithrilresources.com.au +61 416 068 733 |
Competent Persons Statement - JORC
The information in this announcement that relates to metallurgical test results, mineral processing and project development and study work has been compiled by Mr John Skeet who is Mithril's CEO and Managing Director. Mr Skeet is a Fellow of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.
Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
The information in this announcement that relates to sampling techniques and data, exploration results and geological interpretation for Mithril's Mexican project, has been compiled by Mr Ricardo Rodriguez who is Mithril's Project Manager. Mr Rodriguez is a Member of the Australasian Institute of Mining and Metallurgy. This is a Recognised Professional Organisation (RPO) under the Joint Ore Reserves Committee (JORC) Code.
Mr Rodriguez has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Rodriguez consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
The information in this announcement that relates to Mineral Resources is reported by Mr Rodney Webster, Principal Geologist at AMC Consultants Pty Ltd (AMC), who is a Member of the Australasian Institute of Mining and Metallurgy. The report was peer reviewed by Andrew Proudman, Principal Consultant at AMC. Mr Webster is acting as the Competent Person, as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, for the reporting of the Mineral Resource estimate. A site visit was carried out by Jose Olmedo a geological consultant with AMC, in September 2021 to observe the drilling, logging, sampling and assay database. Mr Webster consents to the inclusion in this report of the matters based on information in the form and context in which it appears
The Australian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Qualified Persons – NI 43-101
Scientific and technical information in this Report has been reviewed and approved by Mr John Skeet (FAUSIMM, CP) Mithril's Managing Director and Chief Executive Officer. Mr John Skeet is a qualified person within the meaning of NI 43-101.
Table 2 Mineralised intercepts in reported drillholes above 0.1 g/t AuEq.
(*See ‘About Copalquin Gold Silver Project' section for JORC MRE details and AuEq. Calculation)
Hole ID | From (m) | To (m) | Length (m) | Sample ID | Gold (g/t) | Silver (g/t) | AuEq* | AgEq* |
MTH-EC25-06 | 3 | 4 | 1 | 799610 | 0.043 | 3.9 | 0.1 | 6.91 |
MTH-EC25-06 | 11 | 12 | 1 | 799619 | 0.065 | 3.7 | 0.12 | 8.25 |
MTH-EC25-06 | 14 | 15 | 1 | 799622 | 0.069 | 6.6 | 0.16 | 11.43 |
MTH-EC25-06 | 16 | 17 | 1 | 799624 | 0.117 | 4.6 | 0.18 | 12.79 |
MTH-EC25-06 | 17 | 18 | 1 | 799626 | 0.072 | 2.7 | 0.11 | 7.74 |
MTH-EC25-06 | 18 | 19 | 1 | 799627 | 0.048 | 6.7 | 0.14 | 10.06 |
MTH-EC25-06 | 19 | 20 | 1 | 799628 | 0.065 | 2.3 | 0.1 | 6.85 |
MTH-EC25-06 | 20 | 21 | 1 | 799629 | 0.05 | 4.5 | 0.11 | 8 |
MTH-EC25-06 | 22 | 22.6 | 0.6 | 799631 | 0.037 | 4.9 | 0.11 | 7.49 |
MTH-EC25-06 | 22.6 | 23.25 | 0.65 | 799632 | 0.596 | 30.1 | 1.03 | 71.82 |
MTH-EC25-06 | 23.25 | 24 | 0.75 | 799633 | 0.46 | 36.2 | 0.98 | 68.4 |
MTH-EC25-06 | 24 | 25 | 1 | 799634 | 1.365 | 174 | 3.85 | 269.55 |
MTH-EC25-06 | 25 | 25.5 | 0.5 | 799635 | 0.599 | 68.8 | 1.58 | 110.73 |
MTH-EC25-06 | 25.5 | 26 | 0.5 | 799636 | 0.154 | 10.3 | 0.3 | 21.08 |
MTH-EC25-06 | 26 | 26.85 | 0.85 | 799637 | 0.274 | 14.9 | 0.49 | 34.08 |
MTH-EC25-06 | 26.85 | 27.85 | 1 | 799638 | 0.065 | 5.1 | 0.14 | 9.65 |
MTH-EC25-06 | 27.85 | 28.85 | 1 | 799639 | 0.078 | 11.5 | 0.24 | 16.96 |
MTH-EC25-06 | 28.85 | 29.85 | 1 | 799641 | 0.34 | 27.1 | 0.73 | 50.9 |
MTH-EC25-06 | 29.85 | 30.85 | 1 | 799642 | 0.263 | 12.3 | 0.44 | 30.71 |
MTH-EC25-06 | 30.85 | 31.45 | 0.6 | 799643 | 0.068 | 11.2 | 0.23 | 15.96 |
MTH-EC25-06 | 31.45 | 32.1 | 0.65 | 799644 | 0.136 | 6.3 | 0.23 | 15.82 |
MTH-EC25-06 | 32.1 | 32.6 | 0.5 | 799645 | 0.127 | 6.4 | 0.22 | 15.29 |
MTH-EC25-06 | 32.6 | 33.17 | 0.57 | 799646 | 0.094 | 8.5 | 0.22 | 15.08 |
MTH-EC25-06 | 33.17 | 33.81 | 0.64 | 799647 | 0.095 | 5.8 | 0.18 | 12.45 |
MTH-EC25-06 | 33.81 | 34.4 | 0.59 | 799648 | 0.175 | 16.4 | 0.41 | 28.65 |
MTH-EC25-06 | 34.4 | 35 | 0.6 | 799649 | 0.094 | 6 | 0.18 | 12.58 |
MTH-EC25-07 | 15 | 15.55 | 0.55 | 799704 | 0.158 | 6.2 | 0.25 | 17.26 |
MTH-EC25-07 | 15.55 | 16.05 | 0.5 | 799705 | 0.347 | 4.3 | 0.41 | 28.59 |
MTH-EC25-07 | 21 | 21.5 | 0.5 | 799711 | 0.037 | 7.7 | 0.15 | 10.29 |
MTH-EC25-07 | 21.5 | 22 | 0.5 | 799712 | 0.055 | 25.5 | 0.42 | 29.35 |
MTH-EC25-07 | 31 | 32 | 1 | 799723 | 1.56 | 58.3 | 2.39 | 167.5 |
MTH-EC25-07 | 33.5 | 34 | 0.5 | 799727 | 0.332 | 13.9 | 0.53 | 37.14 |
MTH-EC25-07 | 34 | 34.5 | 0.5 | 799728 | 1.11 | 44.2 | 1.74 | 121.9 |
MTH-EC25-07 | 36 | 37 | 1 | 799731 | 0.057 | 4.8 | 0.13 | 8.79 |
MTH-EC25-07 | 37 | 38 | 1 | 799732 | 0.086 | 3.5 | 0.14 | 9.52 |
MTH-EC25-07 | 39 | 39.85 | 0.85 | 799734 | 0.116 | 4.8 | 0.18 | 12.92 |
MTH-EC25-07 | 39.85 | 40.85 | 1 | 799735 | 0.089 | 4.2 | 0.15 | 10.43 |
MTH-EC25-07 | 40.85 | 41.85 | 1 | 799736 | 0.096 | 5 | 0.17 | 11.72 |
MTH-EC25-07 | 41.85 | 42.85 | 1 | 799737 | 0.048 | 4.3 | 0.11 | 7.66 |
MTH-EC25-07 | 42.85 | 43.55 | 0.7 | 799738 | 0.246 | 11.4 | 0.41 | 28.62 |
MTH-EC25-07 | 69 | 69.8 | 0.8 | 799745 | 0.096 | 4.5 | 0.16 | 11.22 |
MTH-EC25-07 | 79.2 | 80 | 0.8 | 799746 | 0.408 | 15.9 | 0.64 | 44.46 |
MTH-EC25-07 | 82 | 82.8 | 0.8 | 799749 | 0.079 | 6 | 0.16 | 11.53 |
MTH-EC25-07 | 85.85 | 86.35 | 0.5 | 799751 | 0.548 | 1.8 | 0.57 | 40.16 |
MTH-EC25-07 | 86.35 | 87 | 0.65 | 799752 | 0.391 | 13.7 | 0.59 | 41.07 |
MTH-EC25-07 | 87 | 87.55 | 0.55 | 799753 | 0.056 | 4.8 | 0.12 | 8.72 |
MTH-EC25-07 | 88.6 | 89.4 | 0.8 | 799755 | 0.444 | 6 | 0.53 | 37.08 |
MTH-EC25-07 | 89.4 | 89.95 | 0.55 | 799756 | 0.1 | 6.5 | 0.19 | 13.5 |
MTH-EC25-07 | 89.95 | 90.7 | 0.75 | 799757 | 0.117 | 6.7 | 0.21 | 14.89 |
MTH-EC25-07 | 90.7 | 91.5 | 0.8 | 799758 | 0.088 | 5.9 | 0.17 | 12.06 |
MTH-EC25-07 | 91.5 | 92 | 0.5 | 799759 | 0.069 | 2.2 | 0.10 | 7.03 |
MTH-EC25-07 | 94.5 | 95 | 0.5 | 799763 | 0.088 | 2.2 | 0.12 | 8.36 |
MTH-EC25-07 | 95 | 95.7 | 0.7 | 799764 | 0.177 | 6.2 | 0.27 | 18.59 |
MTH-EC25-07 | 95.7 | 96.35 | 0.65 | 799765 | 0.888 | 29.9 | 1.32 | 92.06 |
MTH-EC25-07 | 97 | 98.15 | 1.15 | 799767 | 0.131 | 14.1 | 0.33 | 23.27 |
MTH-EC25-07 | 98.15 | 99 | 0.85 | 799768 | 5.54 | 767 | 16.50 | 1154.8 |
MTH-EC25-07 | 99 | 99.85 | 0.85 | 799769 | 2.6 | 409 | 8.44 | 591.00 |
MTH-EC25-07 | 99.85 | 100.35 | 0.5 | 799770 | 0.096 | 31.4 | 0.54 | 38.12 |
MTH-EC25-07 | 100.35 | 101 | 0.65 | 799771 | 0.206 | 20.9 | 0.50 | 35.32 |
MTH-EC25-07 | 101 | 101.8 | 0.8 | 799772 | 0.076 | 6.8 | 0.17 | 12.12 |
MTH-EC25-07 | 102.4 | 103 | 0.6 | 799774 | 0.082 | 7.3 | 0.19 | 13.04 |
MTH-EC25-07 | 103 | 104 | 1 | 799776 | 0.112 | 12.7 | 0.29 | 20.54 |
MTH-EC25-07 | 104 | 104.5 | 0.5 | 799777 | 0.033 | 6 | 0.12 | 8.31 |
MTH-EC25-07 | 104.5 | 105.2 | 0.7 | 799778 | 0.049 | 10 | 0.19 | 13.43 |
MTH-EC25-07 | 107 | 108 | 1 | 799781 | 0.141 | 7.6 | 0.25 | 17.47 |
MTH-EC25-07 | 108 | 109 | 1 | 799782 | 0.086 | 5.7 | 0.17 | 11.72 |
MTH-EC25-07 | 109 | 110 | 1 | 799783 | 0.051 | 4.8 | 0.12 | 8.37 |
MTH-EC25-07 | 112.65 | 113.65 | 1 | 799787 | 0.233 | 19.5 | 0.51 | 35.81 |
MTH-EC25-07 | 116.65 | 117.65 | 1 | 799791 | 0.109 | 12 | 0.28 | 19.63 |
MTH-EC25-07 | 125.4 | 126 | 0.6 | 799792 | 0.133 | 8.5 | 0.25 | 17.81 |
MTH-EC25-07 | 126 | 127 | 1 | 799793 | 0.232 | 33.3 | 0.71 | 49.54 |
MTH-EC25-07 | 127 | 128 | 1 | 799794 | 8.7 | 272 | 12.59 | 881 |
MTH-EC25-07 | 128 | 129 | 1 | 799795 | 0.181 | 30.6 | 0.62 | 43.27 |
MTH-EC25-07 | 129 | 130 | 1 | 799796 | 0.953 | 91.4 | 2.26 | 158.11 |
MTH-EC25-07 | 130 | 131 | 1 | 799797 | 0.178 | 15 | 0.39 | 27.46 |
MTH-EC25-07 | 131 | 132 | 1 | 799798 | 0.261 | 27.7 | 0.66 | 45.97 |
MTH-EC25-07 | 132 | 133 | 1 | 799799 | 0.425 | 23.8 | 0.77 | 53.55 |
MTH-EC25-07 | 133 | 134 | 1 | 799802 | 0.034 | 6.6 | 0.13 | 8.98 |
MTH-EC25-07 | 134 | 135 | 1 | 799803 | 0.075 | 7.8 | 0.19 | 13.05 |
MTH-EC25-07 | 135 | 136 | 1 | 799804 | 0.442 | 15.2 | 0.66 | 46.14 |
MTH-EC25-07 | 137 | 138 | 1 | 799806 | 0.138 | 5.2 | 0.21 | 14.86 |
MTH-EC25-07 | 138 | 139 | 1 | 799807 | 0.083 | 6.1 | 0.17 | 11.91 |
MTH-EC25-07 | 139 | 140 | 1 | 799808 | 0.069 | 6.8 | 0.17 | 11.63 |
MTH-EC25-07 | 140 | 141 | 1 | 799809 | 0.055 | 4.6 | 0.12 | 8.45 |
MTH-EC25-07 | 146 | 147 | 1 | 799815 | 0.499 | 56.3 | 1.30 | 91.23 |
MTH-EC25-07 | 148 | 149 | 1 | 799817 | 0.047 | 4.6 | 0.11 | 7.89 |
MTH-EC25-07 | 149 | 150 | 1 | 799818 | 0.078 | 8.2 | 0.20 | 13.66 |
MTH-EC25-07 | 150 | 150.6 | 0.6 | 799819 | 0.369 | 20.7 | 0.66 | 46.53 |
MTH-EC25-07 | 152 | 153 | 1 | 799822 | 0.219 | 35 | 0.72 | 50.33 |
MTH-EC25-07 | 155 | 156 | 1 | 799826 | 0.262 | 37.3 | 0.79 | 55.64 |
MTH-EC25-07 | 184.5 | 185 | 0.5 | 799834 | 0.065 | 4.9 | 0.14 | 9.45 |
MTH-EC25-07 | 189.05 | 189.65 | 0.6 | 799841 | 0.082 | 4.2 | 0.14 | 9.94 |
MTH-EC25-07 | 189.65 | 190.15 | 0.5 | 799842 | 0.062 | 5.6 | 0.14 | 9.94 |
MTH-EC25-07 | 196 | 196.5 | 0.5 | 799849 | 0.154 | 7.8 | 0.27 | 18.58 |
MTH-EC25-07 | 196.5 | 197.1 | 0.6 | 799851 | 0.375 | 1.8 | 0.40 | 28.05 |
MTH-EC25-07 | 199.6 | 200.1 | 0.5 | 799855 | 0.098 | 1.8 | 0.12 | 8.66 |
MTH-EC25-07 | 200.1 | 201 | 0.9 | 799856 | 0.065 | 2.7 | 0.10 | 7.25 |
MTH-LS25-08 | 0 | 1.5 | 1.5 | 799861 | 0.136 | 18.2 | 0.40 | 27.72 |
MTH-LS25-08 | 2 | 3 | 1 | 799863 | 0.044 | 10.2 | 0.19 | 13.28 |
MTH-LS25-08 | 3 | 4 | 1 | 799864 | 0.069 | 7.7 | 0.18 | 12.53 |
MTH-LS25-08 | 4 | 5 | 1 | 799865 | 0.058 | 5.8 | 0.14 | 9.86 |
MTH-LS25-08 | 5 | 6 | 1 | 799866 | 0.96 | 15.4 | 1.18 | 82.6 |
MTH-LS25-08 | 7 | 8 | 1 | 799868 | 0.089 | 1 | 0.10 | 7.23 |
MTH-LS25-08 | 14 | 15 | 1 | 799876 | 0.479 | 10.6 | 0.63 | 44.13 |
MTH-LS25-08 | 16.5 | 17.6 | 1.1 | 799879 | 0.061 | 3.5 | 0.11 | 7.77 |
MTH-LS25-08 | 17.6 | 18.1 | 0.5 | 799881 | 1.19 | 51.5 | 1.93 | 134.8 |
MTH-LS25-08 | 18.1 | 19 | 0.9 | 799882 | 0.36 | 62.2 | 1.25 | 87.4 |
MTH-LS25-08 | 19 | 20.08 | 1.08 | 799883 | 7.97 | 171 | 10.41 | 728.9 |
MTH-LS25-08 | 20.08 | 21 | 0.92 | 799884 | 0.22 | 34.9 | 0.72 | 50.44 |
MTH-LS25-08 | 21 | 21.5 | 0.5 | 799885 | 0.22 | 35.9 | 0.74 | 51.51 |
MTH-LS25-08 | 21.5 | 22 | 0.5 | 799886 | 1.88 | 76.7 | 2.98 | 208.3 |
MTH-LS25-08 | 22 | 23 | 1 | 799887 | 0.36 | 46.2 | 1.02 | 71.33 |
MTH-LS25-08 | 23 | 24 | 1 | 799888 | 0.26 | 43.9 | 0.89 | 62.31 |
MTH-LS25-08 | 24 | 25 | 1 | 799889 | 0.33 | 33.4 | 0.81 | 56.36 |
MTH-LS25-08 | 25 | 26 | 1 | 799890 | 0.07 | 4.1 | 0.13 | 9.00 |
MTH-LS25-08 | 29 | 30 | 1 | 799894 | 0.037 | 7 | 0.14 | 9.59 |
MTH-LS25-08 | 30 | 31 | 1 | 799895 | 0.027 | 5.7 | 0.11 | 7.59 |
MTH-LS25-08 | 39.5 | 40 | 0.5 | 799906 | 0.055 | 16.9 | 0.30 | 20.75 |
MTH-LS25-08 | 40 | 40.5 | 0.5 | 799907 | 0.345 | 8.2 | 0.46 | 32.35 |
MTH-LS25-08 | 41 | 41.5 | 0.5 | 799909 | 0.629 | 7.5 | 0.74 | 51.53 |
MTH-LS25-08 | 42 | 43 | 1 | 799911 | 0.339 | 2.4 | 0.37 | 26.13 |
MTH-LS25-08 | 71 | 72 | 1 | 799916 | 0.037 | 4.8 | 0.11 | 7.39 |
MTH-LS25-08 | 88 | 89 | 1 | 799917 | 0.332 | 9.7 | 0.47 | 32.94 |
MTH-LS25-08 | 89 | 89.8 | 0.8 | 799918 | 0.033 | 5.2 | 0.11 | 7.51 |
MTH-LS25-08 | 89.8 | 90.3 | 0.5 | 799919 | 13.25 | 584 | 18.34 | 1284 |
MTH-LS25-08 | 90.3 | 91 | 0.7 | 799921 | 0.11 | 5.7 | 0.19 | 13.4 |
MTH-LS25-08 | 97 | 97.75 | 0.75 | 799929 | 0.566 | 28.1 | 0.97 | 67.72 |
MTH-LS25-08 | 97.75 | 98.25 | 0.5 | 799930 | 2.44 | 58.4 | 3.27 | 229.2 |
MTH-LS25-08 | 98.25 | 98.75 | 0.5 | 799931 | 1.23 | 44.4 | 1.86 | 130.5 |
MTH-LS25-08 | 98.75 | 99.75 | 1 | 799932 | 0.121 | 1.3 | 0.14 | 9.77 |
MTH-LS25-08 | 105 | 106 | 1 | 799940 | 0.112 | 4.5 | 0.18 | 12.34 |
MTH-LS25-08 | 107.3 | 108 | 0.7 | 799943 | 0.35 | 5.2 | 0.42 | 29.7 |
MTH-LS25-08 | 179.35 | 179.85 | 0.5 | 799982 | 0.98 | 3.3 | 1.03 | 71.9 |
MTH-LS25-08 | 185 | 186 | 1 | 799989 | 0.26 | 6.8 | 0.36 | 25.00 |
MTH-LS25-08 | 187.58 | 188.15 | 0.57 | 799992 | 0.332 | 2.3 | 0.36 | 25.54 |
MTH-LS25-09 | 20 | 20.74 | 0.74 | 800008 | 0.09 | 2 | 0.12 | 8.23 |
MTH-LS25-09 | 20.74 | 21.67 | 0.93 | 800009 | 0.14 | 4.3 | 0.20 | 13.89 |
MTH-LS25-09 | 21.67 | 22.5 | 0.83 | 800010 | 0.43 | 2 | 0.45 | 31.82 |
MTH-LS25-09 | 40 | 40.6 | 0.6 | 800018 | 0.10 | 5.4 | 0.18 | 12.61 |
MTH-LS25-09 | 48.3 | 48.91 | 0.61 | 800022 | 0.36 | 35.3 | 0.87 | 60.64 |
MTH-LS25-09 | 48.91 | 49.41 | 0.5 | 800023 | 0.25 | 21.7 | 0.56 | 39.41 |
MTH-LS25-09 | 88.5 | 89 | 0.5 | 800035 | 0.56 | 28.8 | 0.97 | 67.65 |
MTH-LS25-09 | 98.25 | 98.5 | 0.25 | 800036 | 15.20 | 786 | 26.43 | 1850 |
MTH-LS25-09 | 120.5 | 121 | 0.5 | 800039 | 0.33 | 31.7 | 0.78 | 54.59 |
MTH-LS25-09 | 138 | 138.3 | 0.3 | 800043 | 5.39 | 210 | 8.39 | 587.3 |
MTH-LS25-09 | 196 | 196.9 | 0.9 | 800062 | 0.19 | 0.8 | 0.20 | 14.24 |
MTH-LS25-09 | 196.9 | 197.45 | 0.55 | 800063 | 0.11 | 1.1 | 0.12 | 8.59 |
MTH-LS25-09 | 198 | 199 | 1 | 800065 | 0.22 | 0.7 | 0.23 | 15.96 |
MTH-LS25-10 | 65 | 66 | 1 | 800098 | 0.042 | 5.4 | 0.12 | 8.34 |
MTH-LS25-10 | 66 | 66.6 | 0.6 | 800099 | 0.079 | 14.7 | 0.29 | 20.23 |
MTH-LS25-10 | 66.6 | 67.2 | 0.6 | 800101 | 0.099 | 11.7 | 0.27 | 18.63 |
MTH-LS25-10 | 67.2 | 68 | 0.8 | 800102 | 0.968 | 122 | 2.71 | 189.76 |
MTH-LS25-10 | 68 | 68.8 | 0.8 | 800103 | 4.49 | 308 | 8.89 | 622.30 |
MTH-LS25-10 | 68.8 | 69.4 | 0.6 | 800104 | 0.106 | 3.6 | 0.16 | 11.02 |
MTH-LS25-10 | 69.4 | 70 | 0.6 | 800105 | 0.299 | 5.6 | 0.38 | 26.53 |
MTH-LS25-10 | 70 | 70.55 | 0.55 | 800106 | 2.42 | 504 | 9.62 | 673.40 |
MTH-LS25-10 | 70.55 | 71.25 | 0.7 | 800107 | 0.127 | 4 | 0.18 | 12.89 |
MTH-LS25-10 | 71.25 | 72.05 | 0.8 | 800108 | 1.39 | 215 | 4.46 | 312.30 |
MTH-LS25-10 | 73 | 74 | 1 | 800110 | 0.27 | 6.3 | 0.36 | 25.20 |
MTH-LS25-10 | 75 | 76 | 1 | 800112 | 0.147 | 5.9 | 0.23 | 16.19 |
MTH-LS25-10 | 76 | 77 | 1 | 800113 | 0.083 | 5.4 | 0.16 | 11.21 |
MTH-LS25-10 | 91.5 | 92.25 | 0.75 | 800131 | 0.083 | 15.2 | 0.30 | 21.01 |
MTH-LS25-10 | 98.1 | 98.8 | 0.7 | 800139 | 0.042 | 6.3 | 0.13 | 9.24 |
MTH-LS25-10 | 102 | 102.55 | 0.55 | 800144 | 0.022 | 42.7 | 0.63 | 44.24 |
MTH-LS25-10 | 102.55 | 103.1 | 0.55 | 800145 | 0.4 | 17.4 | 0.65 | 45.40 |
MTH-LS25-10 | 103.1 | 104 | 0.9 | 800146 | 0.641 | 27.3 | 1.03 | 72.17 |
MTH-LS25-10 | 108 | 108.95 | 0.95 | 800152 | 0.069 | 37.5 | 0.60 | 42.33 |
MTH-LS25-10 | 108.95 | 109.45 | 0.5 | 800153 | 0.043 | 7.6 | 0.15 | 10.61 |
MTH-LS25-10 | 110.05 | 111 | 0.95 | 800155 | 0.132 | 5.9 | 0.22 | 15.14 |
MTH-LS25-10 | 111 | 112 | 1 | 800156 | 0.156 | 11 | 0.31 | 21.92 |
MTH-LS25-10 | 112 | 113 | 1 | 800157 | 0.659 | 82.2 | 1.83 | 128.33 |
MTH-LS25-10 | 113 | 114 | 1 | 800158 | 20.70 | 1130 | 36.84 | 2579.00 |
MTH-LS25-10 | 114 | 114.55 | 0.55 | 800159 | 7.4 | 447 | 13.79 | 965.00 |
MTH-LS25-10 | 114.55 | 115.05 | 0.5 | 800161 | 0.122 | 10.3 | 0.27 | 18.84 |
MTH-LS25-10 | 115.05 | 116 | 0.95 | 800162 | 0.255 | 17.1 | 0.50 | 34.95 |
MTH-LS25-10 | 116 | 117 | 1 | 800163 | 0.108 | 14.3 | 0.31 | 21.86 |
MTH-LS25-10 | 124.1 | 125 | 0.9 | 800172 | 0.027 | 8.4 | 0.15 | 10.29 |
MTH-LS25-10 | 127.6 | 128.1 | 0.5 | 800177 | 1.93 | 141 | 3.94 | 276.10 |
MTH-LS25-10 | 128.6 | 129.2 | 0.6 | 800179 | 1.14 | 24.3 | 1.49 | 104.10 |
MTH-LS25-10 | 130 | 131 | 1 | 800181 | 0.043 | 8 | 0.16 | 11.01 |
MTH-LS25-10 | 141.6 | 142.1 | 0.5 | 800193 | 2.74 | 123 | 4.50 | 314.80 |
MTH-LS25-10 | 189.1 | 190 | 0.9 | 800220 | 0.18 | 3.3 | 0.23 | 15.90 |
MTH-LS25-10 | 192.3 | 192.8 | 0.5 | 800224 | 0.081 | 2 | 0.11 | 7.67 |
MTH-LS25-11 | 102.2 | 103.15 | 0.95 | 800281 | 0.23 | 22.6 | 0.55 | 38.70 |
MTH-LS25-11 | 103.15 | 103.95 | 0.8 | 800282 | 0.109 | 7.7 | 0.22 | 15.33 |
MTH-LS25-11 | 105 | 106 | 1 | 800284 | 0.097 | 12.1 | 0.27 | 18.89 |
MTH-LS25-11 | 106 | 107 | 1 | 800285 | 0.565 | 27.5 | 0.96 | 67.05 |
MTH-LS25-11 | 107 | 108 | 1 | 800286 | 1 | 27.2 | 1.39 | 97.20 |
MTH-LS25-11 | 108 | 108.8 | 0.8 | 800287 | 31.6 | 4030 | 89.17 | 6242.00 |
MTH-LS25-11 | 108.8 | 109.35 | 0.55 | 800288 | 7.15 | 641 | 16.31 | 1141.50 |
MTH-LS25-11 | 109.35 | 110 | 0.65 | 800289 | 8.69 | 892 | 21.43 | 1500.30 |
MTH-LS25-11 | 110 | 110.55 | 0.55 | 800290 | 110 | 7530 | 217.57 | 15230.00 |
MTH-LS25-11 | 110.55 | 111.25 | 0.7 | 800291 | 6.95 | 1020 | 21.52 | 1506.50 |
MTH-LS25-11 | 111.25 | 111.95 | 0.7 | 800292 | 0.505 | 50.1 | 1.22 | 85.45 |
MTH-LS25-11 | 111.95 | 113 | 1.05 | 800293 | 0.359 | 37.8 | 0.90 | 62.93 |
MTH-LS25-11 | 129.49 | 130.49 | 1 | 800297 | 0.251 | 26.2 | 0.63 | 43.77 |
MTH-LS25-11 | 130.49 | 131.05 | 0.56 | 800298 | 22.8 | 1425 | 43.16 | 3021.00 |
MTH-LS25-11 | 136.78 | 137.2 | 0.42 | 800306 | 1.12 | 88.6 | 2.39 | 167.00 |
MTH-LS25-11 | 137.2 | 137.7 | 0.5 | 800307 | 8.21 | 471 | 14.94 | 1045.70 |
MTH-LS25-11 | 137.7 | 138.6 | 0.9 | 800308 | 0.132 | 11.8 | 0.30 | 21.04 |
MTH-LS25-11 | 138.6 | 139.6 | 1 | 800309 | 0.453 | 38.6 | 1.00 | 70.31 |
MTH-LS25-11 | 139.6 | 140.55 | 0.95 | 800310 | 0.212 | 61.2 | 1.09 | 76.04 |
MTH-LS25-11 | 140.55 | 141.15 | 0.6 | 800311 | 0.037 | 6.9 | 0.14 | 9.49 |
MTH-LS25-11 | 148 | 148.45 | 0.45 | 800323 | 0.277 | 4.6 | 0.34 | 23.99 |
MTH-LS25-11 | 173 | 174 | 1 | 800330 | 0.012 | 7.6 | 0.12 | 8.44 |
MTH-LS25-11 | 182 | 182.6 | 0.6 | 800336 | 0.265 | 14.5 | 0.47 | 33.05 |
MTH-LS25-11 | 182.6 | 183.1 | 0.5 | 800337 | 0.069 | 3.5 | 0.12 | 8.33 |
MTH-LS25-11 | 191 | 191.5 | 0.5 | 800347 | 0.064 | 5.6 | 0.14 | 10.08 |
JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
Criteria | JORC Code explanation | Commentary |
Sampling techniques |
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Drilling techniques |
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Drill sample recovery |
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Logging |
| • Core samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Core logging is both qualitative or quantitative in nature. Photos are taken of each box of core before samples are cut. Core is wetted to improve visibility of features in the photos.
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Sub-sampling techniques and sample preparation |
| • Core is sawn and half core is taken for sample. • Samples are prepared using ALS Minerals Prep-31 crushing, splitting and pulverizing. This is appropriate for the type of deposit being explored. • Visual review to assure that the cut core is ½ of the core is performed to assure representativity of samples. • field duplicate/second-half sampling is undertaken for 3% of all samples to determine representativity of the sample media submitted.
|
Quality of assay data and laboratory tests |
| • Samples are assayed for gold using ALS Minerals Au-AA25 method a 30 g fire assay with an AA finish. This is considered a total assay technique. Samples are assayed for silver using ALS Minerals ME-ICP61 method. Over limits are assayed by AgOG63 and AgGRAV21. These are considered a total assay technique.
|
Verification of sampling and assaying |
| • The verification of significant intersections by either independent or alternative company personnel has not been conducted. A re-assay program of pulp duplicates is currently in progress. • The use of twinned holes. No twin holes have been drilled. MTH has drilled one twin hole. Hole CDH-072, reported in the 15/6/2021 announcement, is a twin of holes EC-/002 and UC-03. Results are comparable. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols are maintained in the company's core facility.
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Location of data points |
| • Drill collar coordinates are currently located by handheld GPS. Precise survey of hole locations is planned. Downhole surveys of hole deviation are recorded for all holes. Locations for holes CDH-001 through CDH-048 and CDH-051 through CDH-148 have been surveyed with differential GPS to a sub 10 cm precision. Hole CDH-005 was not surveyed • UTM/UPS WGS 84 zone 13 N
|
Data spacing and distribution |
| • Data spacing is appropriate for the reporting of Exploration Results. • The Resource estimation re-printed in this announcement was originally released on 16 Nov 2021
|
Orientation of data in relation to geological structure |
| • Cut lines are marked on the core by the geologists to assure that the orientation of sampling achieves unbiased sampling of possible structures. This is reasonably well observed in the core and is appropriate to the deposit type.
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Sample security |
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Audits or reviews |
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Section 2 Reporting of Exploration Results
Criteria | JORC Code explanation | Commentary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mineral tenement and land tenure status |
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Exploration done by other parties |
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Geology |
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Drill hole Information |
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Data aggregation methods |
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Relationship between mineralisation widths and intercept lengths |
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Diagrams |
| See figures in announcement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balanced reporting |
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Other substantive exploration data |
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Further work |
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1 See ‘About Copalquin Gold Silver Project' section for JORC MRE details and AuEq. calculation.
2 See ‘About Copalquin Gold Silver Project' section for JORC MRE details and AuEq. calculation.
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Vancouver TheNewswire February 28, 2025 Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") a mining company focused on gold and silver, announces that it has recently leveraged its Crescita Equity Investment Facility ("Crescita Capital"), details of the Facility Agreement can be found in out original announcement on February 12, 2022. The Company has recently drawn CA$185,000 from this new facility.
The Company has further issued an aggregate total of 10,062,500 shares to Crescita pursuant to the terms of the Facility Agreement (the "Agreement") , as well as a total of 13,002,465 Share purchase Warrants (the "Warrants") to Crescita per the terms of the Agreement, the Warrants are exercisable for a period of five years at an Price of $0.05 per share.
Proceeds from the above-mentioned draw from Crescita Capital will be used for operations including legal fees. accounting audits, annual project claim lease fees and the advancement of the social contract development in Peru to allow the Lucero work plan to unfold.
About Crescita Capital
Crescita Capital is an investment and consultancy group that provides alternative financing and corporate development services for seed to growth-stage companies in emerging markets around the world. www.Crescita.capital Between 2021 and 2023, the Company worked with Crescita, drawing $7,104,500 to support its operations and develop its portfolio of mining assets.
For corporate matters, please contact:
James C. Tworek, Chief Executive Officer
Email: jt@element79.gold
For investor relations inquiries, please contact:
Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward-looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should conduct a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward-looking statements to reflect events or changes in circumstances that occur after the date hereof.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Acquires Mineral Claims Contiguous to the Swanson Gold Project, Québec
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec, Canada (Figure 1 and Figure 2). The Beacon Gold Mill is located in a highly prospective mining region for gold exploration on the mineral-rich greenstone Abitibi Belt, an area with over 100 historical and currently operating mines.
BEACON GOLD MILL IS FULLY PERMITTED
The entirely refurbished Beacon Gold Mill was last fully operational in early 2023 when the price of gold was USD$1,800 per ounce and has been under care and maintenance since that time. As gold approaches a record price of USD$3,000 per ounce, the goal of restarting the Beacon Gold Mill in the coming months is an exceptional opportunity for LaFleur Minerals to also target the custom milling of mineralized material from nearby gold deposits that surround the Beacon Mill. LaFleur Minerals demonstrates significant upside potential by ultimately generating revenue at the current elevated gold prices, with the restart of the Beacon Mill targeting a potential annual production scenario of approximately 30,000 to 40,000 ounces of gold based on the current mill capacity. The Company is currently finalizing the restart costs for the Beacon Mill and expects to have all permits and updates completed by the end of Q2 2025.
The entire LaFleur Minerals team has been collectively working toward a successful restart of the Beacon Mill. With the current increase in the price of gold and the fully-permitted Beacon Mill that lies within the prolific Abitibi Gold Belt in the Tier 1 mining district of Val-d'Or, Québec, LaFleur Minerals has a great opportunity to eventually produce gold at Beacon with gold prices at record levels. LaFleur Minerals is now approaching the finish line on many of the fundamental pieces that support this goal including assessing nearby advanced gold deposits and initiating discussions with neighbouring mining companies that could utilize the Beacon Mill to process their bulk samples and future mineralized material through a custom milling agreement for numerous gold deposits in the Val-d'Or region surrounding the Beacon Mill (Figure 3).
Paul Ténière, CEO of LaFleur Minerals, stated, "We continue to make great progress in achieving key operational readiness milestones at the Beacon Mill, including ongoing inspections of all equipment and systems and ensuring an adequate supply of spare parts. The highly experienced team at ABF Mines has been diligently working to finalize a detailed plan and the cost to restart the mill with results expected within the next few weeks. We also continue to meet our environmental monitoring and sampling requirements under our permit to operate, which includes completion of fish and wildlife studies within the tailings storage facility (TSF) as required under both provincial and federal environmental regulations. Our consultants are also working with us to evaluate required upgrades to the TSF as we move towards restarting production at the Beacon Mill."
SWANSON GOLD PROJECT UPDATE
The Swanson gold project is over 15,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. The consolidated Swanson Gold Project covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets and numerous other showings which make up the Swanson gold project. The Swanson gold project is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills and further enhancing its development potential. The Swanson gold project has had in excess of 36,000m of drilling.
The Swanson Gold Deposit hosts:
Indicated Mineral Resource:
2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.
Inferred Mineral Resource Estimate:
872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold.
(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company's SEDAR+ profile).
The Swanson Gold Project is located within 50 km of the Company's fully-permitted Beacon Gold Mill, and includes:
A mining lease which can be permitted for bulk sampling and future mining scenario.
Jolin target (Au): Historical Mineral Resource Estimate
(source: GESTIM -1996, GM62629 - historical estimate not compliant with NI 43-101)
Recent Exploration Activities:
High-resolution airborne magnetics and VLF-EM geophysics program:
Completed over the entire Swanson Gold Deposit.
Oriented soil geochemistry and prospecting program:
Conducted by IOS Géosciences (IOS), with final assay results pending.
Induced Polarization (IP) - Resistivity Ground Geophysics Survey:
A total of 166 line-km will be surveyed in February 2025 at 200 m line spacings.
This will cover the Swanson, Bartec, and Jolin deposits, all of which are advanced gold targets with current and historical mineral resources.
LaFleur Minerals is currently working with its consultants to expedite permitting of the Swanson Gold Project with a focus on evaluating its potential to supply mineralized material to the Beacon Gold Mill.
LaFleur Minerals is also completing an IP ground geophysics survey on its Swanson Gold Project and is planning an aggressive drilling program for this spring and summer to increase the existing mineral resource for the project including incorporating the Bartec, Jolin, and other gold targets. Other ongoing work includes evaluating the open-pit mining potential of the mining lease at the Swanson gold deposit and planning to advance to a Pre-Feasibility Study and mine permitting.
ACQUIRES ADDITIONAL CLAIMS ADJOINING THE SWANSON GOLD PROJECT
The Company is also pleased to announce that it has entered into a Property Purchase Agreement with third-party arm's length vendors (the "Vendors") dated February 28, 2025 (the "Agreement"). Under the terms of the Agreement, the Company is entitled to acquire 100% interest to 17 mining claims covering approximately 699 hectares (the "Claims") contiguous with the Company's Swanson Gold Project ("Swanson") in the Barraute region, north of Val-d'Or, Québec. These Claims are located east of the Swanson gold deposit and mining lease held by LaFleur Minerals.
The acquisition terms for the Claims consists of a cash payment totaling $15,000 and the issuance of 150,000 common shares of the Company to the Vendors within 7 business days of approval of the Agreement by the Canadian Securities Exchange ("CSE"). The common shares issued under the Agreement are subject to a statutory hold period in Canada expiring four (4) months and one day from the closing date.
For further background information on the Beacon Gold Mill and Swanson Gold Project please refer to the Company's website and recent videos at the following link: https://lafleurminerals.com/valdor.
LAFLEUR MINERALS ATTENDING PDAC CONFERENCE IN TORONTO - MARCH 2 TO 5
Connect with LaFleur Minerals CEO, Paul Ténière, Technical Advisor/Exploration Manager, Louis Martin, and Senior Advisor, Jean LaFleur, March 2 to 5 at the Toronto Metro Convention Centre for a 1-on-1 meeting to discuss the Company's recent developments and plans moving forward for its Swanson Gold Project and Beacon Gold Mill. Contact info@lafleurminerals.com to book in advance.
Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart
To view an enhanced version of this graphic, please visit:
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Figure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec
To view an enhanced version of this graphic, please visit:
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Figure 3: Map of nearby gold deposits within a 50 km radius of the Beacon Gold Mill
To view an enhanced version of this graphic, please visit:
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Qualified Person Statement
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold Deposits in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining Deposits with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Deposit is over 15,000 hectares (150 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings that make up the Swanson Gold Deposit. The Swanson Gold Deposit is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold Deposits.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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~Confirms receipt of the Interim Order, files Meeting Materials, and announces another round of Blue Jay financing~
Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: 5YY) ("Riverside" or the "Company") is pleased to announce that its management information circular (the "Information Circular"), form of proxy and letter of transmittal, (together with the Information Circular, the "Meeting Materials") in respect of its annual and special meeting (the "Meeting") of Riverside shareholders (the "Riverside Shareholders") to approve various matters in connection with the previously announced plan of arrangement (the "Arrangement") on January 28, 2025 involving Blue Jay Gold Corp. ("Blue Jay") are being filed today on Riverside's SEDAR+ profile at www.sedarplus.ca. and provided on Riverside's website at www.rivres.com. Riverside is using the notice and access provisions under applicable securities laws to provide Riverside Shareholders with easy electronic access to the Information Circular and other Meeting Materials.
If the Arrangement is approved at the Meeting, Riverside will distribute its common shares (each, a "Blue Jay Share") in Blue Jay to the Riverside Shareholders by way of a statutory plan of arrangement (the "Plan of Arrangement") under section 288 of the Business Corporations Act (British Columbia) (the "Transaction"). Following the Arrangement, Riverside Shareholders will hold shares in two reporting issuers: Riverside and Blue Jay. Blue Jay is expected to make an application to list the Blue Jay Shares on the TSX Venture Exchange ("TSXV").
Blue Jay currently holds all right and title to the Pichette-Clist Gold Project, the Oakes Gold Project and the Duc Gold Project in Northwestern, Ontario (the "Ontario Properties").
Information about the Meeting and Receipt of Interim Court Order
On February 14, 2025, Riverside obtained an interim order (the "Interim Order") from the British Columbia Supreme Court (the "Court") in connection with the Arrangement, authorizing the calling and holding of the Meeting and other matters related to the conduct of the Meeting. At the Meeting, the Riverside Shareholders will be asked to consider and, if deemed advisable, pass a special resolution (the "Arrangement Resolution") to approve Arrangement, in accordance with the terms of an arrangement agreement (the "Arrangement Agreement") entered into by the Company and Blue Jay on January 27, 2025.
The Meeting is scheduled to be held on March 31, 2025 at 11:00 A.M. (Vancouver time) at Suite 550, 800 West Pender Street, Vancouver, British Columbia. At the Meeting, Riverside Shareholders will be asked to approve the Arrangement Resolution.
The Meeting Materials contain important information regarding the Transaction, how Riverside Shareholders can participate and vote at the Meeting, the background that led to the Transaction and the reasons for the unanimous determinations of the board of directors of the Company (the "Riverside Board") that the Transaction is in the best interests of the Company and is fair to Riverside Shareholders. Shareholders should carefully review all of the Meeting Materials as they contain important information concerning the Transaction and the rights and entitlements of Shareholders thereunder.
Reasons for the Arrangement
Riverside believes that the Arrangement is in the best interests of Riverside for numerous reasons, including:
In the course of its deliberations, the Riverside Board also identified and considered a variety of risks and potentially negative factors, including, but not limited to, the risks factors set out in the Information Circular and the documents incorporated by reference therein.
The foregoing discussion summarizes the material information and factors considered by the Riverside Board in their consideration of the Plan of Arrangement. The Riverside Board collectively reached its unanimous decision with respect to the Plan of Arrangement in light of the factors described above and other factors that each member of the Riverside Board felt were appropriate. In view of the wide variety of factors and the quality and amount of information considered, the Riverside Board did not find it useful or practicable to, and did not make specific assessments of, quantify, rank or otherwise assign relative weights to the specific factors considered in reaching its determination. Individual members of the Riverside Board may have given different weight to different factors.
Recommendation of the Directors
After careful consideration, the Riverside Board, after receiving legal, tax and financial advice, has unanimously determined that the Arrangement is in the best interests of Riverside and is fair to the Shareholders. Accordingly, the Riverside Board unanimously recommends that Shareholders vote FOR the Arrangement Resolution.
In order to become effective, the Arrangement must be approved by at least 66⅔% of the votes cast by the Riverside Shareholders present or represented by proxy at the Meeting. Subject to obtaining approval of the Transaction at the Meeting, and the satisfaction of the other customary conditions to completion of the Transaction contained in the Arrangement Agreement, including final approval of the Court and certain regulatory approvals, all as more particular described in the Meeting Materials, the Transaction is expected to close in the second quarter of 2025.
Filing of New Technical Report
Riverside also announces today that it will file a new technical report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects titled, "Technical Report on the Pichette-Clist Property, Jellicoe Area, Northwestern Ontario" prepared by Locke B. Goldsmith, P. Eng, P.Geo, dated January 29, 2025. The Pichette-Clist Property will be Blue Jay's material property once the Arrangement is effective. Such report will be available on Riverside's SEDAR+ profile at https://www.sedarplus.ca/.
Blue Jay to Complete Another Round of Financing
In anticipation of making an application to list the Blue Jay Shares on the TSXV and in order to satisfy the TSXV listing requirements, Blue Jay expects to complete two further rounds of financing in connection with the Arrangement, being (a) a private placement of 2,000,000 Blue Jay Shares at an issue price of $0.40 per Blue Jay Share for gross proceeds of $800,000; and (b) a private placement of 2,000,000 Blue Jay Shares at an issue price of $0.50 for total gross proceeds of $1,000,000 and 1,428,571 Blue Jay Shares issued as "flow-through shares" (the "Flow Through Shares") within the meaning of the Income Tax Act at an issue price of $0.70 per Flow Through Share. Each such private placement is subject to the approval by the TSXV.
About Riverside Resources Inc.
Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside's own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company's website at www.rivres.com.
ON BEHALF OF Riverside Resources Inc.
"John-Mark Staude"
Dr. John-Mark Staude, President & CEO
For additional information contact:
| John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com | Eric Negraeff Investor Relations Riverside Resources Inc. Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.com |
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., "expect"," estimates", "intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242747
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Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") today reported financial results for the three months ended December 31, 2024 ("Q4 2024"), which corresponds to the third quarter of Heliostar's fiscal reporting year 2025. The Company previously released its gold production for Q4 2024 (see News Release dated February 4, 2025)
Heliostar CEO, Charles Funk, commented, "Q4 2024 was a strong start to production for Heliostar. From the close of the transaction on November 7, 2024, to the quarter end, our operating mines generated over C$9.5M in cash flow. The Company's cash position grew to C$7.7M, and we made the first repayment of our acquisition debt, which has now been fully paid down. The Company also recognized a C$90.5M accounting gain on the independent valuation of our Mexican assets, demonstrating the accretive nature of the transaction. We proceed into 2025 with a strengthened balance sheet, growing production and high-grade exploration results from Ana Paula and La Colorada. We are well set to build Heliostar further in 2025."
Q4 2024 Operational and Financial Highlights
Acquisition of Mexican Gold Assets. On July 17, 2024, the Company entered into a binding agreement with Florida Canyon Gold Inc. ("FCGI") to acquire (the "Acquisition") a 100% interest in FCGI's mining assets in Mexico ("Mexican Gold Assets") for a consideration of US$5 million. The acquired Mexican Gold Assets had recently been spun out from Argonaut Gold Inc. and included the La Colorada mine, the San Agustin mine, the El Castillo mine, and the Cerro de Gallo Project. In addition, as a consequence of the Acquisition, conditional option payments and commercial obligations of the Company for the Ana Paula Project and the San Antonio Project were extinguished. The closing of the transaction was subject to certain conditions, including approval of the TSX Venture Exchange and other consents and regulatory approvals, including approval from the Mexican Federal Economic Competition Commission. On November 7, 2024, the Company announced the successful fulfillment of the conditions precedent and completion of the Acquisition. The Acquisition transformed the Company from an exploration and development company into a gold production company with operating mines and a portfolio of mining development projects.
Total gold production of 5,429 ounces in Q4 2024. Following the Acquisition, between November 7, 2024, and December 31, 2024, the Company produced 5,429 ounces of gold. The gold production was realized from re-leaching of the heap leach piles at La Colorada and San Agustin mines, with some additional contribution from residual production from the leach pads at the El Castillo mine, which is currently in care and maintenance. The mining of new ore restarted at the La Colorada mine in January 2025, and, subject to regulatory approval of a change of land use permit, the mining of new ore at the San Agustin mine will begin in 2025.
Total Cash Costs of US$1,241 per gold equivalent ounce ("GEO") produced in Q4 2024. Following the Acquisition, between November 7, 2024, and December 31, 2024, the combined cash costs (see "Non-IFRS Measures") for the three producing operations was C$1,755 per GEO sold (US$1,241 per GEO sold). These unit operating costs were an improvement on the 2024 Guidance issued by the Company on November 14, 2024 ("2024 Guidance") and resulted from higher gold production at La Colorada mine and operating cost reductions implemented by the Company.
Total all-in-sustaining costs ("AISC") of US$1,477 per GEO sold in Q4 2024. Following the Acquisition, between November 7, 2024, and December 31, 2024, the combined AISC (see "Non-IFRS Measures") for the three producing mines was C$2,089 per GEO sold (US$1,477 per GEO sold), lower than the 2024 Guidance and resulted from improved gold production at the La Colorada mine and operating cost reductions implemented by the Company.
Mine Operating Earnings of C$9,562,172 in Q4 2024. This was the Company's first reporting period with metals production and the positive results reflected strong operational performance for the period between November 7, 2024, and December 31, 2024, as well as the Company benefiting from selling into a rising gold market.
Net income attributable to shareholders of C$84,442,649, or C$0.41 per share, for Q4 2024. Net income of C$84,442,649 (C$0.41 per share) for Q4 2024 compared to a net loss attributable to shareholders of C$4,592,823 (-C$0.03 per share) for Q4 2023. The results in Q4 2024 included a Gain on a Bargain Purchase of C$90,453,747 based on an independent valuation of the Mexican Gold Assets and the elimination of option payments that the Company previously had on the Ana Paula Project and San Antonio Project. The valuation of these new assets and commercial benefits is provisional and unaudited and will be finalized for reporting fiscal year-end 2025, which ends on March 31, 2025.
Strengthened financial position and liquidity: On December 31, 2024, the Company had cash and cash equivalents of C$7,727,945 and working capital (defined as current assets less current liabilities) of C$51,969,760. Debt facilities of up to US$10,000,000 arranged by the Company in Q3 2024 had a combined outstanding balance of US$3,000,000 on December 31, 2024: All debt was fully repaid by February 13, 2025.
Restart of mining at La Colorada mine. Following the announcement of the Acquisition in July 2024, the Company identified a potential new resource at the Junkyard Stockpile, a historic waste rock storage facility at La Colorada. An evaluation of the Junkyard Stockpile was initiated in August, consisting of drilling, resource modelling, and metallurgical testing. A first-time disclosure of a Mineral Resource and Mineral Reserve estimate for the Junkyard Stockpile was included in the technical report prepared for the La Colorada mine published on January 13, 2025, and with an effective date of October 31, 2024. The mining of new ore restarted at the Junkyard Stockpile in January 2025.
Drilling success at the El Creston pit at La Colorada mine. On November 26, 2024, the Company announced the initial results from an ongoing drilling program started in Q4 2024. The program, which has included up to five drill rigs operational at one time, is designed to reduce the pre-strip requirement to expand the El Creston pit, potentially converting previously assumed waste into ore. As of January 31, 2025, 85 drill holes and 12,822 meters had been completed. Results from the drill program will be used to prepare an updated mineral resource for El Creston and will be included in a new technical report planned to be produced in mid-2025.
Continued drilling successes at the flagship Ana Paula Project. In September 2024, the Company commenced a two-phase, 5,000-metre drill program at Ana Paula Project to test the east, west and down dip extensions of the High Grade Panel and the Parallel Panel targets. As of December 31, 2024, a total of 15 holes had been completed for a total of 3,356 meters. Selected drill results continued to be reported, including hole AP-24-317 with 87.8 metres @ 16.0 grams per tonne (g/t) gold, including 16.1 metres @ 71.8 g/t gold, and hole AP-24-315 with 125.9 metres @ 4.02 g/t gold including 23.6 metres @ 12.5 g/t gold. The holes grew the High Grade Panel to the north and down-dip, increased resource confidence and locally improved gold grades compared to the resource model.
Technical Reports were produced for the La Colorada and San Agustin mines, and a Preliminary Economic Assessment( PEA) for the San Antonio Project. The Company completed Mineral Resource and Mineral Reserve estimates and life-of-mine ("LOM") plans for the La Colorada and for the San Agustin mines, and a PEA based on Mineral Resource estimates for the San Antonio Project, all of which were published on January 13, 2025.
Operational and Financial Results
Results are reported for the three months ended December 31, 2024 ("Q4 2024"), which corresponds to the third quarter of Heliostar's fiscal reporting year 2025. The Company has previously released its gold production for Q4 2024.
A summary of the Company's consolidated operational and financial results for the reporting period is presented below:
| Key Performance Metrics | Q4 2024 | Q4 2023 |
| Operational | ||
| Gold produced | 5,429 | 0 |
| Gold sold | 5,145 | 0 |
| Gold equivalent ounces ("GEOs") sold | 5,277 | 0 |
| Cost of sales | C$1,849 | 0 |
| Cash cost1 | C$1,755 | 0 |
| All-in sustaining costs1 ("AISC") | C$2,089 | 0 |
| Financial | ||
| Revenues | C$19,555,806 | C$0 |
| Mine Operating Earnings | C$9,562,172 | C$0 |
| Gain on bargain purchase | C$90,453,747 | C$0 |
| Exploration expenses | C$2,812,403 | C$3,385,606 |
| Net (Loss) Earnings | C$84,442,649 | C$(4,592,823) |
| Cash and Cash Equivalents | C$7,727,945 | C$752,894 |
| Total assets | C$174,694,017 | C$28,363,295 |
| Working Capital1 | C$51,969,760 | C$(3,424,082) |
1 - Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2024, available on SEDAR+.
Operational Review
Consolidated Production and Costs
Q4 2024 was the Company's first reporting period with metals production.
Gold production of 5,429 ounces of gold for Q4 2024 was from the La Colorada mine, the San Agustin mine and the El Castillo mine. The combined gold production and GEO production were an improvement on the 2024 Guidance issued by the Company.
The combined cash costs for the three producing operations were C$1,755 per GEO sold (US$1,241 per GEO sold). The combined AISC for the three producing mines was C$2,089 per GEO sold (US$1,477 per GEO sold). The combined cash costs and AISC were an improvement on the 2024 guidance issued by the Company.
La Colorada Mine
Operating results for Q4 2024 were as follows:
| La Colorada | Q4 2024 | Q4 2024 | |
| Gold produced | oz | 1,640 | 1,640 |
| Gold sold | oz | 1,617 | 1,617 |
| Gold equivalent ounces ("GEOs") sold | GEO | 1,684 | 1,684 |
| Cost of sales | $/GEO sold | US$ 1,434 | C$ 2,028 |
| Cash cost1 | $/GEO sold | US$ 1,329 | C$ 1,878 |
| All-in sustaining costs1 ("AISC") | $/GEO sold | US$ 1,805 | C$ 2,551 |
In late 2023, the previous owners of La Colorada placed the mine under care and maintenance, with metals production continuing from the re-leaching of residual leach pads. Since the Acquisition, between November 7, 2024, and the end of the reporting period, the mine has produced 1,640 ounces of gold. Total revenues of C$6,231,261 were reported from sales of 1,617 ounces of gold.
For the period since the completion of the Acquisition to the end of the quarter, cash costs were C$1,878 per GEO (US$1,329 per GEO), which was significantly below the guidance of US$2,200-US$2,300. All-In Sustaining Costs ("AISC") were C$2,551 per GEO (US$1,805 per GEO), which was below the range of US$2,400 - US$2,500 per GEO, both due to higher gold production.
The Company completed Mineral Resource and Mineral Reserve estimates and an LOM plan for the La Colorada Operation. The technical report was published on January 13, 2025, with an effective date of October 31, 2024. The La Colorada technical report included the first-time disclosure of a Mineral Resource and Mineral Reserve estimate for the Junkyard Stockpile.
As of December 31, 2024, the Company is continuing re-leaching the residual leach pads. The mining of new ore restarted at the Junkyard Stockpile at La Colorada mine in January 2025. The Company announced production and cost guidance for 2025 from the La Colorada mine, published on February 4, 2025.
San Agustin Mine
Operating results for the reporting quarter ending December 31, 2024, were as follows:
| San Agustin | Q4 2024 | Q4 2024 | |
| Gold produced | oz | 3,567 | 3,567 |
| Gold sold | oz | 2,971 | 2,971 |
| Gold equivalent ounces ("GEOs") sold | GEO | 3,033 | 3,033 |
| Cost of sales | $/GEO sold | US$ 1,418 | C$ 2,004 |
| Cash cost1 | $/GEO sold | US$ 1,364 | C$ 1,928 |
| All-in sustaining costs1 ("AISC") | $/GEO sold | US$ 1,572 | C$ 2,223 |
In September 2024, the previous owners of San Agustin placed the mine under care and maintenance, with metals production continuing from the re-leaching of residual leach pads. Since the acquisition of the mine on November 7, 2024, to December 31, 2024, the mine has produced 3,567 ounces of gold. Total revenues of C$11,223,030 were reported from sales of 2,971 ounces of gold.
For the period since the Acquisition of the mine on November 7, 2024, to December 31, 2024, cash costs of C$1,928 per GEO (US$1,364 per GEO) were above the guidance range of US$1,200-$1,300 and AISC of C$2,223 per GEO (US$1,572 per GEO) were above the range of US$1,400-US$1,500 per GEO, due to lower gold production partially offset by and operating cost reductions implemented by the Company.
The Company completed a Mineral Resource and Mineral Reserve estimate and a LOM plan for the San Agustin mine, with a technical report published on January 13, 2025, with an effective date of November 30, 2024.
As of December 31, 2024, the Company is continuing re-leaching the residual leach pads. Subject to regulatory approval of a change of land use permit, the mining of new ore at the San Agustin mine will begin in 2025. The Company announced production and cost guidance for 2025 for the San Agustin mine was published on February 4, 2025.
El Castillo Mine
Operating results for the reporting quarter ending December 31, 2024, were as follows:
| El Castillo | Q4 2024 | Q4 2024 | |
| Gold produced | oz | 222 | 222 |
| Gold sold | oz | 557 | 557 |
| Gold equivalent ounces ("GEOs") sold | GEO | 560 | 560 |
| Cost of sales | $/GEO sold | US$ 334 | C$ 472 |
| Cash cost1 | $/GEO sold | US$ 316 | C$ 447 |
| All-in sustaining costs1 ("AISC") | $/GEO sold | US$ 1,284 | C$ 1,815 |
In late 2022, the previous owners of El Castillo placed the mine under care and maintenance, with metals production continuing from the re-leaching of residual leach pads. Since the acquisition of the mine on November 7, 2024, to December 31, 2024, the mine has produced 222 ounces of gold. Total revenues of C$2,101,514 were reported from sales of 557 ounces of gold.
From the Acquisition to the end of the reporting quarter, cash costs were C$447 per GEO sold (US$316 per GEO), while AISC was C$1,815 per GEO sold (US$1,284 per GEO). Cash Costs and AISC for the period from the Acquisition of the mine on November 7, 2024, to December 31, 2024, were in line with the guidance announced by the Company on November 14, 2024.
Reclamation expenditures at the El Castillo mine for the period November 7 to December 31, 2024, were C$1,562,320, which included rinsing of the east leach pad, reforestation initiatives in the vicinity of the mine, pit lake modelling and studies addressing water quality. Further reclamation work will continue to be performed in 2025.
Ana Paula Project
Exploration expenditures at the flagship Ana Paula Project were C$1,798,246 in Q4 2024 (C$1,125,639 in Q4 2023).
On September 17, 2024, the Company announced the commencement of a two-phase, 5,000-metre drill program at the Ana Paula Project to test the east, west, and down-dip extensions of the High Grade Panel and Parallel Panel targets. As of December 31, 2024, 15 holes had been completed, totalling 3,355.6 metres. Drilling included geotechnical and water testing of potential tailings facility locations.
Exceptional drill results continued to be reported from the Ana Paula Project. The results have included hole AP-24-317 with 87.8 metres @ 16.0 grams per tonne (g/t) gold, including 16.1 metres @ 71.8 g/t gold, and hole AP-24-315 with 125.9 metres @ 4.02 g/t gold including 23.6 metres @ 12.5 g/t gold. The holes grew the High Grade Panel to the north and down-dip, increased resource confidence, and locally improved gold grades compared to the resource model.
Drilling and technical trade-off studies will continue at Ana Paula. The Company is completing a Technical Report on Ana Paula in 2026 to allow for a construction decision shortly thereafter.
San Antonio Project
The Company completed a PEA based on Mineral Resource estimates for the San Antonio Project, with a technical report published on January 13, 2025.
The San Antonio Project requires further development planning and engineering. All major environmental and other permits will need to be obtained before an investment decision can be considered by the Company. Based on the encouraging results from the San Antonio Project technical report: in 2025, the Company will conduct a strategic review of the Project with the objective of identifying and evaluating the next development steps and challenges. The Company will also consider additional work programs and alternative business possibilities to potentially add Project value to the San Antonio Project as presented in the PEA. This strategic review is expected to require 3-4 months to complete.
Cerro de Gallo Project
The Cerro del Gallo Project requires further development planning and engineering. All major environmental and other permits will need to be obtained before an investment decision can be considered by the Company. In 2025, the Company will conduct a strategic review of the Project with the objective of identifying and evaluating the next development steps.
Funding Overview
The Company secured funding for the purchase price of the Mexican Gold Assets, operating working capital requirements, general and administration costs, and other expenditures from a combination of different sources: private placements (for aggregate gross proceeds of C$10,218,386, exercise of warrants (for aggregate gross proceeds of C$1,569,384), new debt facilities, and free cash flow generated from the mining operations since July 11, 2024.
On November 7, 2024, the consolidated cash position in the entities purchased from FCGI was C$5,980,958. As a condition of the acquisition of the Mexican Gold Assets, FCGI agreed that cash generated in respect of the Mexican Gold Assets until the closing date, less US$5M in operating cashflow, would be for the benefit of the Company.
2025 Guidance
On February 4, 2025, the Company published 2025 production and cost Guidance. In 2025, the Company expects to produce 31,000-41,000 GEOs at an AISC of US$1,950-2,000 per GEO.
| Project | Gold Production | Silver Production | GEO Production3 | Cash Cost4 | AISC4,5 |
| (Ounces) | (Ounces) | (Ounces) | (US$ per GEO) | (US$ per GEO) | |
| La Colorada Mine | 17,000-23,300 | 42,500-51,500 | 17,500-23,800 | 1,800-1,950 | 1,850-1,975 |
| San Agustin Mine1 | 8,500-11,000 | - | 8,500-11,000 | 1,500-1,650 | 1,700-1,850 |
| San Agustin Restart2 | 4,500-5,700 | 34,000-43,000 | 5,000-6,200 | 2,350-2,500 | 2,900-3,035 |
| Consolidated | 30,000-40,000 | 76,500-94,500 | 31,000-41,000 | 1,800-1,950 | 1,950-2,100 |
1,2,3,4,5 - Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2024, available on SEDAR+.
Non-IFRS Measures.This news release refers to certain financial measures, such as all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2024, available on SEDAR+.
Cash costs.The Company uses cash costs per ounce of metals sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is the cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-IFRS financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance but do not have a standardized meaning and are disclosed in addition to IFRS financial measures. Cash costs include production costs, refinery and transportation costs and extraordinary mining duty. Cash costs exclude non-cash depreciation and depletion and site share-based compensation.
AISC.All-in Sustaining Costs ("AISC") more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that with respect to AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations.
Statement of Qualified Persons
Gregg Bush, P.Eng., Mike Gingles, and Stewart Harris, P. Geo., Qualified Persons, as such term is defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, have reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Bush is employed as Chief Operating Officer of the Company, Mr. Gingles is employed as Vice President of Corporate Development, and Mr. Harris is employed as Exploration Manager.
About Heliostar Metals Ltd.
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
| Charles Funk President and Chief Executive Officer Heliostar Metals Limited Email: charles.funk@heliostarmetals.com Phone: +1 844-753-0045 | Rob Grey Investor Relations Manager Heliostar Metals Limited Email: rob.grey@heliostarmetals.com Phone: +1 844-753-0045 |
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 Statement Regarding Forward-Looking Information
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the Company's goal of becoming a mid-tier producer, the Company's discipline and the free cashflow generation from our operating mines, all profits generated from operations to be reinvested directly into our Companies growth and this reinvestment will focus on expanding production and growing resources across our portfolio.
Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
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