The Conversation (0)
Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) is pleased to announce two concurrent non-brokered private placements (collectively, the "Offerings") to raise aggregate gross proceeds of up to CAD$1,500,000
Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein
Fabled Copper Corp. ("Fabled Copper" or the "Company") (CNSX:FABL)(FRA:XZ7) announces that it has received its Mines Act Permit which entitles the Company to drill from 15 drill stations over a period of 2 years on the Muskwa Copper Project
The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property area was granted the drilling permit and in particular the Davis Keays Eagle Vein area is the Company's first priority interest. See Figure 1 below.
Figure 1 - Location Map
Peter Hawley, President, CEO reports; "We at Fabled Copper Corp. are very excited to finally receive our long-awaited drill permit. Subject to funding being available, the Company wishes to embark on a helicopter supported diamond drill program consisting of 3,000 - 5,000 meters on the First Priority Davis Keays Eagle Vein. This will be the first ever surface drilling of the Eagle Vein area known.
As outlined below and through detailed cutting-edge technology we believe the question is not if we will intercept the Eagle vein given our target accuracy is 3 cms BUT how many copper bearing veins will we intercept before hitting the Eagle Vein. Not only is the potential upside redefining the Eagle vein ore body but also evaluating the Eagle vein below the current 5,800 level and the potential of the parallel veins sets evaluated during the 2022 work program."
Background
A May 1990 Feasibility Report to the Davis Keays Mining Co. ("David Keays") outlined a 6 year, 365,000 tons / year mining life of the Eagle Vein based on $0.60 per pound copper.
To support their findings, over period of 3 months, 8 feet high by 9 feet wide adits were driven by Davis Keays into the mountain on the Eagle vein on the 7,300 level, 6,950 level and 6,400 levels, and at every 300 foot centers 110-120 foot cross cuts were excavated for underground diamond drilling where the area was drilled above and below the levels.
In addition, all the entire excavated underground workings were mapped and vein chip sampled at 10 foot intervals and whereever the vein went into the wall, sampled with a test hole.
Based on these findings the Feasibility Report outlines Proven Reserves of 1,007,360 tons grading 3.56% copper, *Probable Reserves of 562,320 tons grading 3.18% copper and Possible Reserves grading 3.18% copper.
As mentioned in the report, "these Reserves are to the 5,800 foot level only but there is no geological reason to expect the vein the terminate at this level. There are excellent possibilities of extending these Reserves, through a continuing of exploration and development to depth on the Eagle Vein and other known veins as well.
Shortly thereafter, and as a result of the development work post Feasibility Study, the 5,800 level was developed. See the Company's press release dated September 28, 2022 to view the entrances of 6400 and 5800 adit portals.
The work carried out under the 1990 Feasibility Report was not carried out or reported using current categories of Mineral Resources or Mineral Reserves under NI 43-101. A Qualified Person has not done sufficient work to classify the abovementioned historical estimate as a current resource. The Company is not treating the historical estimate as a current resource. The Company's proposed 2024 drill program will seek to begin the process of verifying the historical estimate and exploring the Eagle Vein below the 5,800 level.
Fabled Copper's 2022 work on Eagle Vein Area
Below is a summary of the results of Fabled Copper's work on the Eagle Vein undertaken in the summer of 2022. The below dates reference the dates of the Company's press releases in which readers can find further information.
April 27, 2022 - Fabled Copper Corp Reports on the Davis Keays UAV Drone Mission Survey
"16 terrain - following missions were completed over the area with 3-23 cm resolution and grade accuracy of 1-3 cm."
- May 4, 2022 - Fabled Copper Reports on Davis Keays Eagle Vein Area with 6 Additional Parallel Veins discovered and Values as high as 6.73%
- May 11, 2022 - Surface Geophysics outlines Parallel EM Conductor to the Eagle Vein at Davis Keays. Detailed ground VLF - Electromagnetics and Total Field Magnetics. A strong parallel EM conductor was delineated 160 meters northwest of the Eagle Vein."
- May 25, 2022 - Underground Inspection of Eagle Vein does not disappoint.
- June 1, 2022 - Interpretation of Davis Keays Eagle Vein Area Defined Three Structural Corridors. One of which corresponds to the Eagle Vein with at least 5 additional vein sets in addition to the eagle vein and all having the same attitude.
- September 28, 2022 - Fabled Secures Underground Portals.
- October 12, 2022 - Fabled Presents Preliminary Underground LiDAR Survey Findings. 913.93 meters of the 6,400 foot level of the Eagle Vein was surveyed with a maximum error of 3.61 cm and clearly outlines the copper mineralization and veining."
The Company will provide details of the proposed 2024 drill program, which is dependent upon securing additional financing, in due course.
As always Fabled Copper acknowledges that the Muskwa project occurred on lands and in watersheds of importance to Kaska, Fort Nelson First Nation, and Treaty 8 Nations. We are honored to share responsibility for the stewardship of these places.
About Fabled Copper Corp.
Fabled is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing drill ready copper properties located in northern British Columbia. The Company's current property package consists of the Muskwa Project and the Bronson Property and comprises approximately 16,219 hectares in three non-contiguous blocks and located in the Liard Mining Division in northern British Columbia.
Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org
For further information please contact:
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital
on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE:Fabled Copper Corp.
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FABLED COPPER Samples Three Road Side Lithium Bearing Pegmatite Outcrops on Volt 1 Property, Quebec
Fabled Copper Corp. (" Fabled " or the " Company ") (CSE:FABL; FSE:XZ7) is pleased to announce the first Phase sampling program on the Volt 1 Property in Quebec
The VOLT 1 Property is comprised of 9 contiguous cells with a total size of 504 hectares. The VOLT 2 Property is comprised of 2 contiguous cells nearby with a total size of 112 hectares. Both properties are located due east of the village of Miquelon, Quebec and are surrounded by Mosaic Minerals Corp.'s (CSE: MOC) "Lithium SM Project."
Figure 1 - Volt Property Location
Preamble
The late spring and summer of 2023 has been challenging due to forest fires in northern Quebec and as a result work in the forest was prohibited. In late July 2023 the ban was lifted for one day in the area of the VOLT 1 Property area and a first phase exploration sampling program was conducted over a period of half a day due to locating property access. The main objectives of the program were as follows:
- Accessibility, road conditions, field conditions.
- Do reported pegmatites exist and over what area.
- If pegmatites are found, are they boulders, glacial trains or insitu outcrops.
- Do the boulders and or outcrops contain lithium and or associated subset of minerals and are the concentration of minerals associated with a particular type of texture, fine grained verses coarse grained.
- And finally do the results warrant and more comprehensive field program.
Discussion on the Findings.
During late July, 2023 the VOLT 1 Property was prospected and sampled over a half day and samples 28921 - 28923, were collected over an area of approximately 500 meters in length. See Map 1 below, Table 1 below.
The purpose of the sampling to was obtain typical pegmatite samples over the greatest area possible, in the fasted time possible due to travel distance back to Val D'Or. The 3 samples taken on outcropping pegmatites on a west trending road in the central portion of the property are by no means indicative of the property potential.
The volume of visible surface outcroppings on the higher portion of the property should allow a proper property wide evaluation. See Map 1 - Sample locations and yellow arrows indicating visible outcrops from google earth. Note the extent of outcropping form the road sampled.
Map 1 - Sample Locations
The central 3 outcrops sampled were composed of fine grained pegmatite. LTC pegmatites comprise a compositional defined subset of granitic pegmatites. The majority minerals are quartz, potassium feldspar, albite and muscovite all present in the pegmatites viewed See Photo 3 below.
LTC pegmatites crystallize at remarkably low temperatures (about 350 - 550 C) in a short period of time thus the large crystal sizes of associated minerals.
Photo 1 - Sample No. 28921 of road side pegmatite outcrop
Photo 2 - Sample No. 28922 of road side pegmatite outcrop
Photo 3 - Close Up of Sample No. 28922 , note muscovite content
Photo 4 - Sample No. 28923 of road side pegmatite outcrop
Early stage reconnaissance in the central part of the property has confirmed the presence of lithium (Li), cesium (Cs), tantalum (Ta), rubidium (Rb), beryl (Be), potassium (K) and niobium (Nb) in all 3 samples except for sample 28921 which lacked Ta. See Table 1 below.
Of the 3 samples, No. 28922 was very elevated compared to the other 2 samples.
Sample Number | Rock Type | Exposure Type | Li ppm | Cs ppm | Ta ppm | Rb ppm | Be ppm | K ppm | Nb ppm |
| 28921 | Medium Grained pegmatite | Surface Out Crop | 21.60 | 2.04 | 0.005 | 21.40 | 0.41 | 0.28 | 0.706 |
| 28922 | Fine Grained pegmatite | Surface Out Crop | 110.50 | 13.10 | 0.010 | 63.10 | 0.41 | 0.28 | 2.630 |
| 28923 | Fine Grained pegmatite | Surface Out Crop | 82.50 | 5.00 | 0.018 | 28.10 | 0.58 | 0.18 | 3.000 |
Next Step Forwards
With only 3 samples taken over the entire property, mineral assays of interest and excellent road access in the central sector and as seen by google earth wide-spread out crop is yet to be sampled a Second Phase Exploration Program has already begun with a team currently in the field. This work will consist of follow:
About Fabled Copper Corp.
Fabled is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing drill ready copper properties located in northern British Columbia. The Company's current property package consists of the Muskwa Project and the Bronson Property and comprises approximately 16,219 hectares in three non-contiguous blocks and located in the Liard Mining Division in northern British Columbia.
The Company is also seeking to broaden and diversify its portfolio. The Company has acquired the VOLT 2 lithium Property, located in Miquelton, Quebec and has options to acquire the OHM Property, located in Val D'Or, Quebec and the VOLT 1 Property located in the Miquelton, Quebec.
Mr. Peter J. Hawley, President and C.E.O.
Phone: (819) 316-0919
For further information please contact:
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition, development plans and business plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the failure of the shareholders of the Company to approve the Consolidation Proposal, impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; inability to obtain drilling permits; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
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Fabled Copper Outlines 8 km by 2 km Pegmatite Boulder Field With Pegmatite Outcropping in Central Portion of OHM Property, Quebec
Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) is pleased to announce the results of the first phase sampling program on the OHM Property (the "Property
The OHM Property consists of 51 contiguous cells comprising of 2,856 hectares located approximately 70 kms south of Val D'Or. The OHM Property can be easily accessed from the main highway, route 117 and forestry roads 43 and 44 with numerous secondary cutting roads. It is estimated that 80% of the Property has been logged thus outcrop visibility is excellent.
A minimum of at least 10 pegmatite outcrops have been documented by the previous operators of the Property. No documented work has been done in the search for lithium within the pegmatite swarms. See Figure 1 below.
Figure 1 - OHM Property
Preamble
The late spring and summer of 2023 was challenging due to forest fires in northern Quebec and as a result work in the forest was prohibited. In late July 2023 the ban was lifted for the OHM Property area and a first phase exploration sampling program was conducted over a period of a week. The main objectives of the program were as follows:
- To determine accessibility, road conditions, field conditions.
- To determine if pegmatites exist on the Property and over what area.
- If pegmatites were found, to determine if they were boulders, glacial trains or insitu outcrops.
- If boulders (not in place), what is the shape (rounded means transported a great distance, angular (meaning not traveled very far or heaved up from frost from outcrop below).
- If coarse grained meaning slow cooling or outer envelope of an intrusive, if fine grained, fast cooling and closer to the heat source.
- To determine if the boulders and or outcrops contained lithium and or associated subsets of minerals and are the concentration of minerals associated with a particular type of texture, fine grained verses coarse grained.
- And finally do the results warrant a more comprehensive field program.
Discussion on the Findings.
During the week of July 17th, 2023 the Property was prospected and 19 samples numbered 28902 - 28920 were collected over an area of approximately 8 kilometers in length and 2 kilometers in width, being 1600 hectares of the 2,856 hectares in total on the property. See Map 1 below, Table 1 below.
The purpose of the sampling to was obtain typical pegmatite samples over as great an area as possible to determine if any one area is more favorable for further exploration. Hundreds of angular and lesser amount of rounded pegmatite boulders were seen. The center location of the property has pegmatite outcropping / sub cropping with the dimensions yet to be determined.
Geologic rock sequences observed were meta - seds traversing the Northwest sector, followed by bands of amphibolite kneiss followed by a 2 kilometer with of pegmatite boulders with outcrop terminated by Lac Rochester to the southeast. All observed trends are approximately N45E, including Lac Rochester.
Map 1 - Sample Locations
The northeast sector contains very course to knobby pegmatite while the southwest sector contains fine grained pegmatite. LTC pegmatites comprise a compositional defined subset of granitic pegmatites. The majority minerals are quartz, potassium feldspar, albite and muscovite all present in the pegmatites viewed except for 5mm garnets present in the knobby and coarse pegmatites. See Photo 1 below.
LTC pegmatites crystallize at remarkably low temperatures (about 350 - 550 C) in a short period of time thus the large crystal sizes of associated minerals.
Photo 1 - Knobby Pegmatite to left, Coarse grained Pegmatite to Right
Outcrop and sub crop in the central section as shown below. See Photo 2 below.
Photo 2 - Outcrop on left, sub crop on right
Early stage reconnaissance in the central part of the property has confirmed promising K / Rb (potassium to rubidium) ratio's in two samples, (28913, 28914) a proven indicator for lithium fertility according to the work of Stelway & al. (2004) for LTC (Lithium - Cesium - Tantalum type pegmatites. As supporting evidence elevated lithium and cesium are contained in the two samples. See Table 1 below.
Sample Number | Rock Type | Exposure Type | Li ppm | Cs ppm | Rb ppm | Be ppm | K ppm |
| 28902 | Coarse pegmatite | Angular boulder | 4.7 | 0.289 | 8.55 | 0.04 | 0.2 |
| 28903 | Coarse pegmatite | Angular boulder | 8.6 | 0.774 | 27.7 | 0.04 | 0.46 |
| 28904 | Coarse pegmatite | Angular boulder | 6.9 | 0.646 | 23.7 | 0.04 | 0.4 |
| 28905 | Coarse pegmatite | Angular boulder | 2 | 0.093 | 1.09 | 0.02 | 0.04 |
| 28906 | Coarse pegmatite | Angular boulder | 10.8 | 1.035 | 31.1 | 0.04 | 0.61 |
| 28907 | Coarse pegmatite | Angular boulder | 11.6 | 2.45 | 30.5 | 0.08 | 0.42 |
| 28908 | Coarse pegmatite | Angular boulder | 2.6 | 0.241 | 5.07 | 0.04 | 0.14 |
| 28909 | Fine pegmatite | Out crop | 29.4 | 1.175 | 41.1 | 0.07 | 0.37 |
| 28910 | Coarse pegmatite | Angular boulder | 7.3 | 1.075 | 18.75 | 0.05 | 0.35 |
| 28911 | Coarse pegmatite | Angular boulder | 0.8 | 0.282 | 3.9 | 0.04 | 0.09 |
| 28912 | Coarse pegmatite | Angular boulder | 0.1 | 0.19 | 2.9 | 0.02 | 0.11 |
| 28913 | Knobby pegmatite | Out crop | 45.8 | 8.65 | 150 | 0.12 | 3.24 |
| 28914 | Knobby pegmatite | Angular boulder | 15.7 | 2.07 | 62.1 | 0.07 | 1.03 |
| 28915 | Coarse pegmatite | Angular boulder | 3.2 | 0.623 | 11.4 | 0.04 | 0.24 |
| 28916 | Coarse pegmatite | Angular boulder | 0.9 | 0.243 | 3.99 | 0.02 | 0.12 |
| 28917 | Fine pegmatite | Rounded boulder | 4.2 | 0.295 | 12.8 | 0.04 | 0.23 |
| 28918 | Fine pegmatite | Rounded boulder | 4.6 | 0.289 | 12.9 | 0.05 | o.24 |
| 28919 | Coarse pegmatite | Angular boulder | 2.7 | 0.57 | 10.35 | 0.02 | 0.16 |
| 28920 | Fine pegmatite | Rounded boulder | 2.8 | 0.553 | 10.3 | 0.02 | 0.17 |
Next Steps
With only 19 samples taken over the entire property and given mineral assays of interest located in the central sector and hundreds of pegmatite boulders on the Property yet to be sampled, plus out cropping and sub cropping pegmatites that have not yet been systematically sampled the Company proposes to undertake a Second Phase Exploration Program that it currently believes will consist of following:
- An in-depth review of Quebec Ministere des Ressources naturelles et des Forets SIGEOM data base with particular attention to gradient and residual magnetics; magnetic tilt angle, magnetic analytic and magnetic analytic signal and the shadow relief LIDAR over the property.
- A Property wide detailed sampling program using diamond blade rock saws to obtain both insitu and channel samples due to the hardness of the pegmatites.
- Detailed structural and pegmatite composition and size mapping of outcrops in the central area.
About Fabled Copper Corp.
Fabled is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing drill ready copper properties located in northern British Columbia. The Company's current property package consists of the Muskwa Project and the Bronson Property and comprises approximately 16,219 hectares in three non-contiguous blocks and located in the Liard Mining Division in northern British Columbia.
The Company is also seeking to broaden and diversify its portfolio. The Company has acquired the VOLT 2 lithium Property, located in Miquelton, Quebec and has options to acquire the OHM Property, located in Val D'Or, Quebec and the VOLT 1 Property located in the Miquelton, Quebec.
Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org
For further information please contact:
The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition, development plans and business plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the failure of the shareholders of the Company to approve the Consolidation Proposal, impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; inability to obtain drilling permits; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE:Fabled Copper Corp.
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Fabled Copper Closes Debt Settlement and Terminates Proposed Acquisition of the TJ Property
(TheNewswire)
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Vancouver, British Columbia TheNewswire August 18, 2023 - Fabled Copper Corp. (" Fabled " or the " Company ") (CSE:FABL ) ; ( FSE:XZ7) announces that it closed, on August 10, 2023, its previously announced debt settlement pursuant to which the Company settled an aggregate amount of C$30,000 in outstanding debt (the " Debt Settlement ") in exchange for the issuance of 375,000 units at a price of C$0.08 per unit (each a " Unit ").
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Fabled Copper Agrees Debt Settlement
Fabled Copper Corp. ("Fabled" or the "Company") (CSE:FABL)(FSE:XZ7) announces that it proposes to enter into a debt settlement agreement with a consultant, pursuant to which the Company will agree to settle an aggregate amount of C$30,000 in outstanding debt (the "Debt Settlement") in exchange for the issuance of 375,000 units at a price of C$0.08 per unit (each a "Unit
Each Unit will consist of one common share (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at the price of $0.12 per share for a period of 24 months from closing.
The securities issued in connection with the Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Pursuant to the policies of the Canadian Securities Exchange, the Debt Settlement will close five business days from the date of this press release.
About Fabled Copper Corp.
Fabled is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing drill ready copper properties located in northern British Columbia. The Company's current property package consists of the Muskwa Project and the Bronson Property and comprises approximately 16,219 hectares in three non-contiguous blocks and located in the Liard Mining Division in northern British Columbia.
The Company is seeking to broaden and diversify its portfolio. The Company has acquired the VOLT 2 lithium Property, located in Miquelon, Quebec and has options to acquire the OHM Property, located in Val D'Or, Quebec and the VOLT 1 Property located in the Miquelon, Quebec. The Company is also seeking to add an additional high grade gold and silver property, the TJ Ridge Property in British Columbia for which it has entered into a letter of intent.
Mr. Peter J. Hawley, President and C.E.O.
Fabled Copper Corp.
Phone: (819) 316-0919
peter@fabledcopper.org
For further information please contact:
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition, development plans and business plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the failure of the shareholders of the Company to approve the Consolidation Proposal, impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; inability to obtain drilling permits; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
SOURCE:Fabled Copper Corp.
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Finlay Minerals Ltd. reports on its Annual General & Special Meeting
finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF)Â (" Finlay " or the " Company ") reports that all matters set before the Annual General and Special Meeting of Shareholders of the Company held on Friday, June 20, 2025 (the " Meeting ") were approved by the shareholders. An aggregate of 74,155,953 common shares of the Company (" Common Shares ") were voted representing 51.94% of the issued and outstanding Common Shares as at the Record Date of May 16, 2025 .
The six nominees for the Board of Directors were elected at the Meeting and they are: John A. Barakso , Robert F. Brown , Alvin W. Jackson , Ilona Barakso Lindsay , David A. Schwartz , and Kristina Walcott .
Additionally, the reappointment of De Visser Gray LLP, Chartered Professional Accountants, as auditors for the Company and the Company's 10% Rolling Stock Option Plan were approved by shareholders.
Subsequent to the Meeting, the Board of Directors also re-appointed the following officers for a further year:
Robert F. Brown | Executive Chairman of the Board |
Ilona B. Lindsay | President & Chief Executive Officer |
Gord Steblin | Chief Financial Officer |
David Schwartz | Corporate Secretary |
Wade Barnes | Vice President, Exploration |
Susan Flasha | Vice President, Corporate Development. |
About finlay minerals ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia : the PIL and ATTY properties in the Toodoggone (13,374 hectares ("ha")), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown , P. Eng.
President, Executive Chairman of the Board & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. 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. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE finlay minerals ltd.
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Bold Ventures Announces Closing of Its Fully Subscribed, Upsized Non-Brokered Private Placement
Bold Ventures Inc. (TSXV: BOL)Â (the "Company" or "Bold") is pleased to announce the fourth and final closing of its non-brokered private placement offering first announced on April 11th and increased on May 26th and June 5th, of up to 9,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $450,000, and up to 10,314,666 Flow Through Units (the "FT Units") at a price of $0.06 per FT Unit for up to $618,900, both of which constitute the "Offering". The Offering was fully subscribed for gross proceeds of $1,068,900.
The Company closed the fourth and final tranche of the Offering on June 23, 2025, with subscriptions for 2,283,333 FT Units for gross proceeds of $137,000 and 3,000,000 WC Units for gross proceeds of $150,000.
For the fourth tranche the Company paid cash finder's fees of $5,250 and issued 105,000 compensation warrants (the "Compensation Warrants") to an eligible finder. Each Compensation Warrant entitles the holder to acquire one common share of the Company at $0.08 until December 23, 2026.
The securities issued in the third tranche are subject to a hold period expiring on October 24, 2025.
The Offering
Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a "WC Warrant") entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.
Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a "FT Warrant") and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).
Ring of Fire News
The Company would also like to draw attention to developments in the Ring of Fire, Ontario. Webequie First Nation has released a draft environmental assessment (EA) and impact statement for one of three different stretches of a road link to planned mining operations in the region.
This news comes at a time when economic development is at the forefront of Canadian discourse. Bill C-5, the One Canadian Economy Act, was recently passed, with Prime Minister Mark Carney commenting:
"Today's passing of Bill C-5, One Canadian Economy Act, will remove trade barriers, expedite nation-building projects, and unleash economic growth, with Indigenous partnership at the centre of this growth. It's time to build big, build bold, and build now. As Canadians, we can give ourselves more than any foreign nation can ever take away."
About Bold's Koper Lake Project in the Ring of Fire
Bold has a vested 10% carried interest (through to production) in the Black Horse Chromite NI-43-101 Inferred Resource of 85.9 Mt @ 34.5% Cr2O3 at a cutoff grade of 20% Cr2O3 (KWG/CACR Website 2023). Bold has a 40% working interest in all other metals found within the claims and is the All Other Metals' Project Operator. Bold also owns a right of first refusal on a 1% Net Smelter Royalty covering all metals produced from the property. The Koper Lake Property is located adjacent to and contiguous with Wyloo Ring of Fire's (formerly Noront Resources Ltd.) Blackbird Chromite deposit and within 300 m of the Eagles Nest Nickel-Copper Massive Sulphide Deposit in the permit stage.
The Ring of Fire access and infrastructure development continues within the environmental permitting process. Two of the closest First Nations are acting as proponents for the all-weather access and supply roads. Information about Bold's Ring of Fire projects, the Ring of Fire infrastructure development and various critical mineral articles can be accessed on the Bold Critical and Battery Minerals page.
Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.
About Bold Ventures Inc.
The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.
For additional information about Bold Ventures and our projects, please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.
| "Bruce A MacLachlan" Bruce MacLachlan President and COO | "David B Graham" David Graham CEO |
Direct line: (705) 266-0847
Email: bruce@boldventuresinc.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project
Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.
The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:
- Establishment of 5 to 6 one kilometre picket lines for IP surveying which commenced on Monday. The IP lines are being run over the heart of some of the past mining areas which continue to be known expansive target areas to help evaluate further potential, possible most favorable zones and assist to model the larger context for the upcoming drill holes. This work further de-risks the up-coming first pass drill holes.
- Sampling of limestone and dolomite host rocks across the mineralization from country rock through to the heart of mineralization for Black Light analysis and alteration vector modeling. The objective is to use the changes or variance in fluorescence to map alteration patterns to vector into the heart of the manto and chimney plumbing systems.
- Geological mapping of drill collar sites and section lines particularly along the surface of the IP lines to help develop the most accurate interpretations of the IP data for drill hole planning.
- Rock and soil sampling of peripheral areas to identify additional targets including study of the stratigraphy for understanding and context with the many mineralization showings on the large district holding.
"We are extremely pleased to initiate the fully funded first phase work program at La Union," commented Questcorp President & CEO Saf Dhillon. "We are first concentrating on de-risking the upcoming 1,500 metre drill program scheduled for mid to late Q3 through alteration mapping and IP geophysics," he continued. "Under the technical expertise of John-Mark Staude and the Riverside team we are confident we are maximizing every exploration dollar being invested at La Union," he concluded.
Riverside Resources Inc. President & CEO John-Mark Staude stated "The work program is going well, I have been in the field this past week with the exploration team and pleased to see the safe, high quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway. It is great to work with Saf, Tim and the entire Questcorp organization."
The La Union Project
The La Union Project is a carbonate replacement deposit ("CRD") project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled "NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico" dated effective May 6, 2025 available under Questcorp's SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company's target concept at this time.
Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.
Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.
The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a "qualified person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.
Contact Information
Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside's arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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