Adavale Resources’ transformative January 2025 acquisition of gold and copper assets in the prolific Lachlan Fold Belt in New South Wales puts the company on a growth trajectory, presenting a compelling investment opportunity for savvy investors.
Adavale Resources (ASX:ADD) is a dynamic junior exploration company primarily focused on its flagship gold and copper projects in New South Wales (NSW), within the prolific Lachlan Fold Belt. This portfolio spans 354.15 sq kmand comprises four tenements: EL7242, EL8830, EL8831 and EL9711. The acquisition of these assets represents a transformational opportunity, strategically positioning Adavale Resources in one of the world’s richest gold and copper belts.
Parkes Project in the Lachlan Fold Belt
In addition to gold and copper, Adavale boasts extensive uranium assets in South Australia and nickel projects in Tanzania. These diversified holdings place the company at the forefront of exploration across commodities critical for global industrial and technological advancement.
Adavale Resources is poised for significant growth as it advances its gold and uranium projects through strategic drilling programs in 2025. With a robust exploration pipeline, world-class assets in tier-one jurisdictions, and a leadership team aligned with shareholder interests, the company is well-positioned to capitalise on favourable commodity trends.
Adavale Resources recently acquired a 72.5 percent interest in the Parkes project, located in the highly prospective Lachlan Fold Belt of New South Wales. Adavale’s flagship project encompasses 354.15 sq km across four tenements in the Lachlan Fold Belt, a region that has produced over 80 million ounces (Moz) of gold and 13 million tonnes (Mt) of copper historically. The London-Victoria gold mine (EL7242) is a cornerstone of this portfolio, with historical production of 200,000 ounces of gold at an average grade of 2 grams per ton (g/t). London-Victoria (EL7242) also recently received a successful renewal until November 2030.
Exploration activity in 2024 included diamond drilling, which intersected a 12-meter-thick zone of quartz-carbonate veining and shearing, consistent with high-grade mineralisation seen in historical operations. Assay results from this program are pending and expected to provide critical insights for resource expansion.
In addition to the London-Victoria gold mine, the Ashes Prospect (EL8831) has returned high-grade rock chip samples, including results of 8.8 g/t gold and 5.5 percent copper. Similarly, the Birthday mine (EL8830) boasts historical grades averaging 11 g/t gold. The 2025 exploration strategy focuses on resource definition and advancing London-Victoria to JORC-compliant status, testing extensions, and unlocking additional mineralised zones at these prospects, supported by advanced geophysical and geochemical surveys.
Adavale holds 4,959 sq kmof uranium-rich tenements across the highly prospective Flinders Ranges outwash and Eyre Peninsula, regions known for hosting tier-1 uranium deposits. Historical drilling has revealed promising results, including intercepts of 1 metre at 263 parts per million (ppm) eU3O8 and 0.65 meters at 235 ppm eU3O8. These results underscore the region’s potential to host significant uranium resources.
The company is advancing its maiden 2,000 metre air core drilling program in Q1 of 2025, targeting paleochannel extensions and uranium redox boundaries, which have been identified through advanced geophysical surveys. Adavale’s uranium portfolio is particularly well-positioned to benefit from increasing global demand for uranium, driven by geopolitical factors, rising nuclear energy investment globally, and surging prices, which reached $106/lb in early 2024.
Adavale’s nickel portfolio includes 1,315 sq km across 12 highly prospective exploration licences in Tanzania’s East African Nickel Belt. It is strategically located next to and along strike of the world-class Kabanga nickel project — the world’s largest undeveloped high-grade nickel sulphide deposit. Recent exploration at the Luhuma Central prospect has confirmed nickel sulphides in all five drill holes completed, with mineralisation trends extending southwest.
The company employs a combination of geophysical methods, including gravity, magnetics and Heli-EM surveys, to refine its understanding of subsurface structures and identify high-priority drill targets. Adavale’s ongoing exploration in this globally significant nickel belt is expected to build on recent successes, advancing resource definition and project development, making the company well-positioned to make a significant contribution to the global demand for battery metals.
Allan Ritchie is a seasoned executive with more than 30 years of experience in corporate finance and resource management, including as director and officer of ASX and HK listed companies. Ritchie’s distinguished career spans both the energy, resources, and investment banking sectors, and includes leadership roles in both private and publicly listed companies.
Ritchie has served as non-executive director of ASX listed Hydrocarbon Dynamics (ASX:HCD), and executive director and deputy CEO of HK listed energy group, EPI Holdings (0689.HKEX).
Ritchie’s investment banking background includes structuring commercial transactions in the energy and resources sector. Senior roles include positions within Westpac, ANZ Bank, HSBC and BNP Paribas in Australia, London, New York and Asia Pacific. His investment banking achievements have been recognised several times at the top of BRW’s annual poll of bankers.
Ritchie graduated from the University of Technology in Sydney in 1986 with a Bachelor of Business and subsequently attained a post graduate diploma in Applied Finance from the Financial Services Institute of Australia.
John Hicks is a qualified geologist with over 40 years’ experience in exploration and mining in Australia. John is regarded as a nickel sulphide specialist, having held various senior exploration and development roles on several major nickel sulphide projects in Western Australia.
For the previous 15 years, Hicks was the general manager of exploration at Panoramic Resources (ASX:PAN), where he was instrumental in the discovery of the komatiite hosted Deacon and Lower-Schmitz orebodies at Lanfranchi and the intrusive hosted Savannah North nickel orebody in Western Australia. Hicks was also a key member of the team responsible for taking these discoveries through to final investment decisions.
Prior to joining Panoramic, Hicks held various roles with several notable mining companies including Australian Consolidated Minerals and WMC Limited where he worked on the Mount Keith nickel project. As an independent geological consultant between 1998 and 2005, he was involved with the Cosmos and the Honeymoon Well nickel projects.
Maurice (Nic) Matich is a mechanical engineer and finance professional with over 17 years’ experience in the resources sector. His wide industry experience includes the provision of engineering, risk consulting and insurance services to numerous tier-1 mining companies with operations in lithium, iron ore, mineral sands, gold and kaolin.
Matich previously served as managing director of Pinnacle Minerals (ASX:PIM) and executive director of Heavy Minerals (ASX:HVY), delivering both a maiden resource and scoping study (NPV8 $253M) for the Port Gregory project.
He holds a Bachelor of Engineering with Honours, Bachelor of Science (Phys/IT) and a graduate diploma in Applied Finance and is a graduate of the AICD.
Leonard Math is a chartered accountant with extensive experience managing financial operations for ASX listed resources companies. He graduated with a Bachelor of Business (double major in accounting and information systems) from Edith Cowan University in 2003 and became a chartered accountant in September, 2008. He has held multiple director, CFO and company secretary roles in the resources sector, most recently with Summit Minerals (ASX:SUM).
Unlocking gold and copper in a Tier-1 mining jurisdiction, alongside a portfolio of uranium and nickel projects well positioned for the future.
Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference held May 6-8 th .
Individual investors, institutional investors, advisors, and analysts are invited to attend.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1x1 meetings with management.
"We are excited to welcome a full roster of over 20 OTCQX and OTCQB companies to our 3-day Metals and Mining Virtual Investor Conference," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Our platform is tailored to meet the needs of today's resource companies as they look to engage a broader investor base."
May 6th
| Eastern Time (ET) | Presentation | Ticker(s) |
| 9:30 AM ET | Northern Superior Resources Inc. | (OTCQB: NSUPF | TSXV: SUP) |
| 10:00 AM ET | Luca Mining Corp. | (OTCQX: LUCMF | TSXV: LUCA) |
| 10:30 AM ET | Castile Resources Limited | (OTCQB: CLRSF | ASX: CST) |
| 11:00 AM ET | Sun Summit Minerals Corp. | (OTCQB: SMREF | TSXV: SMN) |
| 11:30 AM ET | Amex Exploration Inc. | (OTCQX: AMXEF | TSXV: AMX) |
| 12:00 PM ET | Ucore Rare Metals, Inc. | (OTCQX: UURAF | TSXV: UCU) |
| 12:30 PM ET | Kootenay Silver Inc. | (OTCQX: KOOYF | TSXV: KTN) |
| 1:00 PM ET | Camino Minerals Corp. | (Pink: CAMZF | TSXV: COR) |
| 2:00 PM ET | Precipitate Gold Corp. | (OTCQB: PREIF | TSXV: PRG) |
| 3:00 PM ET | Callinex Mines Ltd. | (OTXQX: CLLXF | TSXV: CNX) |
May 7th
| Eastern Time (ET) | Presentation | Ticker(s) |
| 9:30 AM ET | Canada Nickel Company Inc. | (OTCQX: CNIKF| TSXV: CNC) |
| 10:30 AM ET | Anfield Energy Inc. | (OTCQB: ANLDF | TSXV: AEC) |
| 11:00 AM ET | Newcore Gold Ltd. | (OTCQX: NCAUF | TSXV: NCAU) |
| 11:30 AM ET | Empire Metals Ltd. | (OTCQB: EPMLF | AIM: EEE) |
| 12:30 PM ET | Cerrado Gold Inc. | (OTCQX: CRDOF | TSXV: CERT) |
| 1:00 PM ET | Silver Tiger Metals Inc. | (OTCQX: SLVTF | TSXV: SLVR) |
| 1:30 PM ET | Horizon Copper Corp. | (OTCQX: HNCUF | TSXV: HCU) |
| 2:00 PM ET | Kodiak Copper Corp. | (OTCQB: KDKCF | TSXV: KDK ) |
| 2:30 PM ET | Rua Gold Inc. | (OTCQB: NZAUF | TSXV: RUA) |
| 3:00 PM ET | DynaResource, Inc. | (OTCQX: DYNR) |
May 8 th
| Eastern Time (ET) | Presentation | Ticker(s) |
| 9:30 AM ET | Novo Resources Corp. | (OTCQB: NSRPF | TSX: NVO) |
| 10:00 AM ET | Ecora Resources PLC | (OTCQX: ECRAF | TSX: ECOR) |
| 10:30 AM ET | Power Metallic Mines Inc. | (OTCQB: PNPNF | TSXV: PNPN) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
News Provided by GlobeNewswire via QuoteMedia
Empire Metals Limited (OTCQB: EPMLF, AIM: EEE), based in London, UK, and Perth, Australia, and focused on the Pitfield Project, the largest titanium discovery globally, today announced that Shaun Bunn, Managing Director, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on May 7 th .
DATE : May 7 th
TIME: 11:30 AM ET
LINK: REGISTER HERE
Shaun Bunn, MD, will be presenting and Empire's Head of Corporate Development, Arabella Burwell, will be available for 1x1 meetings: May 7, 12 and 13
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com .
Recent Company Highlights
About Empire Metals Limited
Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.
The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO 2 ) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO 2 mineralization, each being over 7km in strike length.
An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tons with a grade range of 4.5 to 5.5% TiO 2 . Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tons with a grade range of 4.8 to 5.9% TiO 2 .
The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.
Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realize the full value potential of this exceptional deposit.
The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.
*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
About Virtual Investor Conferences ®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
CONTACTS:
Empire Metals Limited
Arabella Burwell
Corporate Development
+44 (0) 20 4583 1440
aburwell@empiremetals.co.uk
Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com
News Provided by GlobeNewswire via QuoteMedia
Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce a non-brokered private placement financing of up to approximately $2,800,000 (the "Offering").
The Offering is expected to consist of the issue and sale of:
Up to 1,111,111 charity flow-through common shares (the "CFT Shares") at a price of $2.07 per CFT Share for gross proceeds of up to approximately $2,300,000; and
Up to 370,370 common shares (the "Common Shares") at a price of $1.35 per Common Share for gross proceeds of up to approximately $500,000.
The proceeds from the issuance of the CFT Shares of the Offering will be used for copper (i.e. critical mineral) exploration expenses at the Company's Rottenstone SW property in Saskatchewan.
The proceeds from the sale of the Common Shares will be used for both exploration expenses and general working capital. The Offering is scheduled to close on or about May 23, 2025.
The CFT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). An amount equal to the gross proceeds from the issuance of the CFT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) "Canadian exploration expenses" (as defined in the Tax Act), and (ii) as "flow-through critical mining expenditures" (as defined in subsection 127(9) of the Tax Act).
The closing is subject to certain conditions, including the approval of the TSX Venture Exchange (the "TSXV"). Finder's fees may be paid in accordance with TSXV policies. All securities issued in connection with the Offering will be subject to a hold period in Canada of four months plus one day.
About Ramp Metals Inc.
Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has new high-grade gold discovery of 73.55 g/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises 32,715 hectares and is situated in the Rottenstone Domain.
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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the completion of the Offering and the Company's exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information, please contact:
Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com
Prit Singh
Director
905 510 7636
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250582
News Provided by Newsfile via QuoteMedia
Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the identification of a near-surface, high-grade, critical-metal-bearing zone at its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. AI-assisted 3D modelling of historical drill data has highlighted stacked lenses of zinc-lead-silver-copper mineralization near surface. This newly interpreted target area, termed the NHC Zone, remains largely untested by historical drilling and will be a key focus of upcoming exploration activities. Field validation and further targeting work are planned to support an inaugural mineral resource estimate for the Property.
Located approximately 40 kilometres southeast of Buchans and 17 kilometres from the past-producing Duck Pond Mine, Havens Steady hosts a laterally extensive polymetallic volcanogenic massive sulphide ("VMS") system. The latest modelling confirms a steeply southeast-dipping main mineralized zone ("MMZ") trending 057°, with over 700 metres of drilled strike and multiple open vectors along strike and at depth. Within the MMZ, a shallow, relatively high-grade zone is modelled to exist (Figure 1).
NHC TARGET HIGHLIGHTS:
Table 1: Historical intercepts1 of the NHC Zone
| Drill Hole | From (m) | To (m) | Int. (m) | Cu % | Pb % | Zn % | Ag g/t | Au g/t | ZnEq2 % |
| HS-88-03 | 182.00 | 250.00 | 68.00 | 0.09 | 0.55 | 1.45 | 11.80 | 0.20 | 3.04 |
| including | 182.40 | 185.00 | 2.60 | 0.91 | 1.32 | 6.44 | 45.68 | 1.99 | 17.35 |
| and | 191.00 | 192.00 | 1.00 | 0.30 | 3.56 | 5.98 | 32.50 | 0.55 | 11.79 |
| and | 199.70 | 201.00 | 1.30 | 0.20 | 3.56 | 4.52 | 37.80 | 0.27 | 9.39 |
| HS09-18 | 32.25 | 34.25 | 2.00 | 0.02 | 0.42 | 2.11 | 9.02 | 0.03 | 2.82 |
| HS09-18 | 66.30 | 68.30 | 2.00 | 0.10 | 0.21 | 2.26 | 12.65 | 0.11 | 3.45 |
| HS09-18 | 88.31 | 88.81 | 0.50 | 1.19 | 1.57 | 9.70 | 67.50 | 2.72 | 24.46 |
| HS09-18 | 92.30 | 100.14 | 7.84 | 0.86 | 1.68 | 3.64 | 26.22 | 0.86 | 10.78 |
| including | 97.42 | 100.14 | 2.72 | 2.10 | 3.60 | 6.17 | 56.42 | 1.82 | 22.25 |
| HS09-18 | 126.50 | 135.50 | 9.00 | 0.44 | 0.89 | 3.92 | 31.46 | 0.21 | 7.55 |
| HS09-18 | 153.90 | 165.20 | 11.30 | 0.08 | 0.62 | 2.18 | 19.06 | 0.08 | 3.69 |
| including | 158.30 | 161.30 | 3.00 | 0.02 | 1.07 | 3.93 | 24.8 | 0.05 | 5.63 |
| HS09-20 | 92.56 | 103.10 | 10.54 | 0.03 | 0.47 | 1.23 | 16.89 | 0.07 | 2.38 |
| including | 98.06 | 99.75 | 1.69 | 0.14 | 1.82 | 4.01 | 90.39 | 0.22 | 9.25 |
| HS09-20 | 116.30 | 125.55 | 9.25 | 0.11 | 0.63 | 1.76 | 25.25 | 0.04 | 3.47 |
| including | 123.05 | 124.55 | 1.50 | 0.16 | 0.89 | 3.29 | 42.83 | 0.07 | 6.00 |
| HS09-21 | 98.38 | 99.87 | 1.49 | 1.26 | 1.98 | 5.71 | 87.61 | 1.99 | 19.58 |
| HS09-21 | 133.77 | 159.15 | 25.38 | 0.10 | 0.52 | 1.78 | 13.74 | 0.09 | 3.14 |
| including | 142.61 | 146.61 | 4.00 | 0.09 | 1.54 | 3.24 | 27.90 | 0.20 | 5.98 |
1Drilled intercepts are historic and may not be representative of true width
2Zinc Equivalent ("ZnEq") calculated using US$4.25/lb Cu, $2500/oz Au, $30/oz Ag, $0.8/lb Pb, and $1.3/lb Zn, and assumes 100% recovery
Figure 1: 3D Model, looking southwest, showing the NHC Zone (red solid)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/250378_anteros.jpg
Anteros CEO Trumbull Fisher comments, "The identification of this shallow, high-grade zone adds meaningful scale and near-term potential to the Havens Steady Property. With surface access recently improved and multiple untested vectors emerging, we are well-positioned to advance this system toward resource definition."
NEXT STEPS
Anteros plans to undertake field validation and surface mapping in Q2 2025, followed by refinement of drill targets for Phase I drilling, planned for Q3 2025. Priority targets include the NHC Zone and northeast extensions of the MMZ. The Property is fully permitted for diamond drilling, and the Company intends to leverage provincial critical mineral exploration grants to support 2025 work.
ELECTION OF DIRECTOR
In addition, the Company is pleased to announce that at its annual and special shareholder meeting held on April 30, 2025 (the "Meeting"), Ms. Emily Halle was elected as a new director of the Company. Ms. Halle is the Co-founder, Geologist, and Managing Director at Halle Geological Services Ltd, a comprehensive exploration management and consulting company since 2008.
Mr. Wesley Keats did not stand for re-election at the Meeting, however, Mr. Keats will remain an advisor to the Company. The Company would like to thank Mr. Keats for his contributions to the Company and wishes him success in his future endeavour.
In connection with the election of Ms. Halle as a director of the Company, Ms. Halle was granted 300,000 stock options to purchase common shares of the Company exercisable at a price of $0.10 per common share for a period of five (5) years. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
ABOUT THE PROPERTY
Havens Steady lies within the Storm Brook Formation of the Red Cross Group in the Exploits Subzone of the Dunnage Zone — a prolific metallogenic belt in central Newfoundland. The Property benefits from existing road infrastructure and proximity to hydroelectric power. The region hosts world class VMS deposits such as the past-producing Duck Pond Mine. The Company cautions that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization on the Property.
Since acquiring the Property in January 2024, Anteros has completed a comprehensive compilation of historical data, which includes airborne EM, geochemical surveys, and over 15,000 metres of historical drilling. Documented mineralization includes sphalerite, galena, chalcopyrite, and bornite in high-grade polymetallic zones. The known system has a strike length of over a kilometre and remains open at depth. Learn more: www.anterosmetals.com/havens-steady.
QUALIFIED PERSON
The technical content of this news release has been reviewed and approved by Jesse R. Halle, P.Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
ABOUT Anteros Metals Inc.
Anteros is a multimineral junior mining company applying data science and geological expertise to identify and advance critical mineral opportunities in Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.
For further information, please contact or visit:
Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com | Social: @anterosmetals
On behalf of the Board of Directors,
Chris Morrison
Director
Email: chris@anterosmetals.com | Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact
16 Forest Road, Suite 200
St. John's, NL, Canada
A1X 2B9
Cautionary Statement Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250378
News Provided by Newsfile via QuoteMedia
Record grades of 23.28% NiEq or 48.87% CuEq intercepted over 8.25 meters outside of the Tamarack Resource Area
Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) (together with its subsidiaries, "Talon" or the "Company"), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project ("Tamarack Nickel Copper Project") in central Minnesota, is pleased to announce a record grade massive sulphide intercept at the Tamarack Nickel Copper Project from drill hole 16TK0250 measuring 8.25 meters grading 23.28% NiEq or 48.87% CuEq.
Figure 1: Photo of drill core from the extension of drill hole 16TK0250 at 707.75 meters depth showing 8.25 meters of massive sulphide grading 12.62% Ni, 13.88% Cu, 0.12% Co and 17.95 g/t PGEs+Au
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2443/250424_250424_bf8ee671646de84f_001.jpg
Highlights
Table 1: Select assay intervals for drill hole 16TK0250
| Drill Hole # | From (m) | To (m) | Length (m) | Assay | NiEq (%) | CuEq (%) | ||||||
| Ni (%) | Cu (%) | Co (%) | Pd (g/t) | Pt (g/t) | Au (g/t) | Ag (g/t) | ||||||
| 16TK0250 | 707.77 | 716.02 | 8.25 | 12.62 | 13.88 | 0.12 | 4.70 | 7.08 | 6.17 | 44.31 | 23.28 | 48.87 |
| including | 712.00 | 716.02 | 4.02 | 14.10 | 12.95 | 0.11 | 6.33 | 10.04 | 8.65 | 45.98 | 25.25 | 54.35 |
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*See Table 3 for further technical information
"It is always thrilling to make a discovery, let alone one outside of a resource area, but for it to also be the highest grade intercept ever at Tamarack is just icing on the cake. It's also a great example of how polymetallic deposits can be so impressive. This 8.25 meter intercept would be exciting if it was only the gold values, or the PGE values, or the copper values, or the nickel values, but to have all of them together makes this intercept exceptional," said Brian Golder, Chief Exploration and Operating Officer at Talon.
Background
Since Talon's press release dated February 3, 2025, Talon's in-house exploration team continues with 'Infilling' and 'Outfilling' the Tamarack Resource Area for purposes of completing a feasibility study at the Tamarack Nickel Copper Project. This work is in support of Talon's Proposed Action (a highly detailed project description) in its Environmental Assessment Worksheet to support the preparation of an Environmental Impact Statement.
Figure 2: Location of the new 8.25m intercept in drill hole 16TK0250 in relation to the Tamarack Resource Area.
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Figure 3: Plan view map at approximately 700 meters depth showing the Provus Novaminex Borehole Electromagnetic ("BHEM") anomaly.
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Lundin Earn-in Agreement Update
Talon and Lundin Mining Corporation ("Lundin Mining") have extended the exclusivity period until May 31, 2025 as the parties continue to work on the earn-in and related agreements ("Lundin Agreements") pursuant to which Lundin Mining may acquire up to a 70% ownership interest in the Boulderdash and Roland exploration targets, which are in close proximity to Lundin Mining's Eagle Mine and encompass approximately 33,000 acres of minerals rights out of Talon's over 400,000 acre mineral package in Michigan (see the Company's press release from March 5, 2025 for further information).
Talon is beginning to mobilize two of its drill rigs to Boulderdash and expects to begin drilling in mid-May.
QUALITY ASSURANCE, QUALITY CONTROL AND QUALIFIED PERSONS
Please see the technical report entitled "November 2022 National Instrument 43-101 Technical Report of the Tamarack North Project - Tamarack, Minnesota" with an effective date of November 2, 2022 ("November 2022 Technical Report") prepared by independent "Qualified Persons" (as that term is defined in National Instrument 43-101 ("NI 43-101")) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for information on the QA/QC, data verification, analytical and testing procedures at the Tamarack Nickel Project. Copies are available on the Company's website (www.talonmetals.com) or on SEDAR+ at (www.sedarplus.ca). The laboratory used is ALS Minerals who is independent of the Company.
Lengths are drill intersections and not necessarily true widths. True widths cannot be consistently calculated for comparison purposes between holes because of the irregular shapes of the mineralized zones. Drill intersections have been independently selected by Talon. Drill composites have been independently calculated by Talon. The geological interpretations in this news release are solely those of the Company. The locations and distances highlighted on all maps in this news release are approximate.
Dr. Etienne Dinel, Vice President, Geology of Talon, is a Qualified Person within the meaning of NI 43-101. Dr. Dinel is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.
Where used in this news release:
NiEq% = Ni% + Cu% x $4.00/$8.00 x Cu Recovery/Ni Recovery + Co% x $20.00/$8.00 x Co Recovery/Ni Recovery + Pt [g/t]/31.103 x $1,000/$8.00/22.04 x Pt Recovery/Ni Recovery + Pd [g/t]/31.103 x $1,000/$8.00/22.04 x Pd Recovery/Ni Recovery + Au [g/t]/31.103 x $2,000/$8.00/22.04 x Au Recovery/Ni Recovery + Ag [g/t]/31.103 x $20.00/$8.00/22.04 x Ag Recovery/Ni Recovery
CuEq% = Cu%+ Ni% x $8.00/$4.00 + Co% x $20.00/$4.00 + Pt [g/t]/31.103 x $1,000/$4.00/22.04 + Pd [g/t]/31.103 x $1,000/$4.00/22.04 + Au [g/t]/31.103 x $2,000/$4.00/22.04 + Ag [g/t]/31.103 x $20.00/$4.00/22.04
For Ni and Cu recoveries, please refer to the formulae in the November 2022 Technical Report. Recovery of Ni to the Cu concentrate was excluded from the NiEq calculation. The following recoveries were used for the other metals: 64.1% for Co, 82.5% for Pt, 69.3% for Pd and 72.6% for Au and Ag.
ABOUT TALON
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has a neutrality and workforce development agreement in place with the United Steelworkers union. Talon's Battery Mineral Processing Facility in Mercer County was selected by the US Department of Energy for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the US Department of Defense awarded Talon a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at www.talonmetals.com
| Media Contact: Jessica Johnson (218) 460-9345 Johnson@talonmetals.com | Investor Contact: Mike Kicis 1 (647) 968-0060 kicis@talonmetals.com |
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FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to future exploration work, including future drilling, assays, geophysics and the results thereof, and the potential expansion of mineralization. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Table 2: Collar Location of Drill Holes 16TK0250, 25TK0552 and 25TK0562
| Drill Hole (#) | Easting (m) | Northing (m) | Elevation (masl) | Azm | Dip | End Depth (m) |
| 16TK0250 | 490999.3 | 5168292.8 | 388.4 | 167.6 | -88.2 | 1017.1 |
| 25TK0552 | 491049.2 | 5168344.4 | 388.0 | 212.8 | -86.1 | 840.3 |
| 25TK0562 | 490999.3 | 5168292.8 | 388.0 | 109.4 | -85.2 | 916.5 |
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Collar coordinates are UTM Zone 15N, NAD83.
Azimuths and dips are taken from the survey record at collar unless otherwise noted.
Table 3: Assay Table for Drill Hole 16TK0250
| Drill Hole (#) | From (m) | To (m) | Length (m) | Assay | NiEq (%) | CuEq (%) | ||||||
| Ni (%) | Cu (%) | Co (%) | Pd (g/t) | Pt (g/t) | Au (g/t) | Ag (g/t) | ||||||
| 16TK0250 | 707.77 | 716.02 | 8.25 | 12.62 | 13.88 | 0.12 | 4.70 | 7.08 | 6.17 | 44.31 | 23.28 | 48.87 |
| including | 712.00 | 716.02 | 4.02 | 14.10 | 12.95 | 0.11 | 6.33 | 10.04 | 8.65 | 45.98 | 25.25 | 54.35 |
| and | 721.82 | 722.12 | 0.30 | 2.22 | 5.22 | 0.03 | 1.61 | 4.18 | 3.40 | 106.00 | 7.51 | 15.21 |
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Length refers to drill hole length and not True Width.
True Width is unknown at the time of publication.
All samples were analysed by ALS Minerals. Nickel, copper, and cobalt grades were first analysed by a 4-acid digestion and ICP AES (ME-MS61). Grades reporting greater than 0.25% Ni and/or 0.1% Cu, using ME-MS61, trigger a sodium peroxide fusion with ICP-AES finish (ICP81). Platinum, palladium, and gold are initially analyzed by a 50g fire assay with an ICP-MS finish (PGM-MS24). Any samples reporting >1g/t Pt or Pd trigger an over-limit analysis by ICP-AES finish (PGM-ICP27) and any samples reporting >1g/t Au trigger an over-limit analysis by AAS (Au-AA26).
Table 4: Quick Lithology Log for Drill Holes 25TK0552 and 25TK0562
| Drill Hole (#) | From (m) | To (m) | Length (m) | Quick Log | % Sulphides |
| 25TK0552 | 0 | 39.62 | OB | ||
| 39.62 | 417.88 | FGO/MZNO | Traces | ||
| 417.88 | 546.2 | 128.32 | FGO/MZNO | 5-30% | |
| 546.2 | 612.43 | 66.23 | CGO | 2-15% | |
| 612.43 | 631.87 | CGO | |||
| 631.87 | 661.49 | SED | 0.5-6% | ||
| 661.49 | 683.94 | CGO | |||
| 683.94 | 689.11 | SED | |||
| 689.11 | 840.33 | CGO | |||
| 25TK0562 | 0 | 45.46 | OB | ||
| 45.46 | 414.65 | FGO/MZNO | Traces | ||
| 414.65 | 508.1 | 93.45 | FGO/MZNO | 2-8% | |
| 508.1 | 529.72 | CGO | Traces | ||
| 529.72 | 613.71 | SED | |||
| 613.71 | 681.84 | CGO | Traces | ||
| 681.84 | 719.5 | 37.66 | CGO | 2-8% | |
| 719.5 | 820.56 | CGO | Traces | ||
| 820.56 | 916.53 | SED |
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Quick lithology log of drill holes: Overburden (OB) Meta-sedimentary rocks (SED); Coarse-grained Orthocumulate (CGO); Fine-grained Orthocumulate / Mixed Zone (FGO/MZNO).
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