
(TheNewswire)
The continued positive outlook for gold, copper is creating a strong macro economic environment for Tempest Minerals supported by its highly prolific assets with potential for world-class deposits.
Tempest Minerals (ASX:TEM) is an exploration and development company based in Australia, with a diversified portfolio of mineral assets prospective for iron, gold, copper/base metals, rare earths (REE), lithium. The company has five projects located in prolific territories in Western Australia: Yalgoo (gold, copper, zinc, silver, iron ore, tungsten, rare earths and more), Mt Magnet (gold, REE), Five Wheels (gold, base metals) and Elephant (gold). Its flagship Yalgoo property is a large land package comprising several targets, located in the prolific Yalgoo Region of Western Australia. Tempest has defined a number of exceptional exploration targets and is currently progressing the newly discovered Remorse magnetite iron ore deposit.
Tempest Minerals is headquartered in Perth, Australia.
Tempest Minerals is led by an experienced board and management team with a history of exploration, operational and corporate success – key to executing the company’s mission to maximise shareholder value through focused, data and technology-driven asset exploration and development.
Tempest’s largely unexplored and 100-percent-owned Yalgoo property covers more than 1,000 square kilometres and is highly prospective for gold, base metals and iron with world-class potential. It is located four hours from Perth, close to major infrastructure and adjacent to world-class mines, including Golden Grove, Deflector, Mt Gibson, Minjar, Rothsay and Mt Mulgine.
The Remorse Target is a 5 km long exploration target where TEM completed an initial 4,005 meters of drilling in 2024 and identified a significant magnetite iron-ore deposit. The target also remains highly prospective for base metals.
Tempest also has a number of compelling exploration targets across the 1,000 sq km project including the Sanity target which is highly prospective for gold, with rock chip samples returning 7 grams per ton (g/t) gold, 0.2 percent copper, and more than 60 percent iron.
The 100-percent owned Mt Magnet project spans more than 20 square kilometres located within a world-class mining district and is 5 kilometres from a processing facility. A prolific mining destination with at least 6 million ounces of gold produced to date, the project is surrounded by multiple large-scale gold mines currently in operations, including Ramelius’ (ASX:RMS) Mt Magnet operations and Spartan’s (ASX:SPR) Dalgaranga. The project contains multiple drill targets, of which Wrangler will be a key focus of near-term work.
The Elephant project is a 194 square kilometre property in the prolific Fraser Range region with large geological structures and multi-million-ounce targets. The project area itself has strong magnetic anomalies and an 8-kilometre gold in soil geochemical anomaly which could represent a large subsurface gold system.
The 100-percent owned, 266-square-kilometre Five Wheels project is geologically similar to Rumble Resources’ zinc-lead-copper discoveries and sits within the boundaries of the Earaheedy Basin in Western Australia, a mineralised sedimentary basin. A major geophysics program is planned for the project, co-funded by the government.
Brian Moller specialises in capital markets, mergers and acquisitions, and corporate restructuring and has acted in numerous transactions and capital raisings in both the industrial and resources and energy sectors. He was a partner at the legal firm HopgoodGanim for 30 years and led the corporate advisory and governance practice. Moller acts for many publicly listed companies in Australia and regularly advises boards of directors on corporate governance and related issues. He is currently chair or a non-executive director of a number of ASX-listed companies and was critical in the progression of the high-profile LSE-listed SolGold PLC into becoming one of the largest copper-gold developments in the world.
Don Smith is a geologist and entrepreneur with over 20 years in the mining industry. He has worked in operational, development, exploration and consulting roles for junior through multinational firms intensively internationally on numerous commodities, including base and precious metals and energy minerals.
Smith’s corporate experience includes project acquisition, financing and development, and company management. He has been the founding director of a number of private and public resource companies, including the successful listings on the ASX of Platypus Resources and Alderan Resources. Smith has a Bachelor of Science from Newcastle University and a Master of Business Administration from the Australian Institute of Business. Smith now sits on the board of International Prospect Ventures (TSXV:IZZ) and is also working with a number of startups.
Andrew Haythorpe has 30 years’ experience in geology and funds management and has been the director and chairman of a number of TSX and ASX listed companies. Since 1999, Haythorpe has been involved in over AU$300 million of mergers and acquisitions and capital raisings in mining and technology companies listed on the TSX and ASX.
He is currently the managing director at Allup Silica, Goldoz and Stunalara Metals, where he is also a founder. He has previously been a fund manager and analyst at Bankers Trust, an analyst at Suncorp (now a Top 20 ASX-listed company with some AU$96 billion in assets), and a director at Hartley Poynton. More recently, he was the managing director of Crescent Gold, leading that company from a junior explorer to a mid-tier producer within four years; and the managing director of Michelago Resources, which became one of the top-performing ASX-listed companies on its transition to gold production in China.
Owen Burchell is a mining engineer with 20 years of technical, operational and corporate experience, including management positions at Rio Tinto, BHP and Barrick Gold, as well as numerous mining start-ups, closures and operational turnaround projects.
Burchell holds several post-graduate business qualifications from the West Australian School of Mines and is the holder of a First Class Mine Managers Certificate of Competency. He is also a member of the Australasian Institute of Mining and Metallurgy and a graduate of the Australian Institute of Company Directors.
Burchell currently consults on numerous projects in the resource sector.
A diverse portfolio of projects in Western Australia that are prospective for precious, base and energy metals in addition to iron ore.
Tempest Minerals (TEM:AU) has announced Yalgoo Update - Excellent First Remorse Metallurgy Result
VANCOUVER, BC, May 14, 2025 TheNewswire - Heritage Mining Ltd. (CSE: HML) (" Heritage " or the " Company ") is pleased to announce that, further to its news release dated May 7, 2025, it has closed its non-brokered private placement consisting of 3,000,000 flow-through units (" FT Units ") at a price of $0.05 per FT Unit for gross proceeds of C$150,000 to a strategic investor (the " Offering ").
Each FT Unit consists of one flow through common share (" FT Common Share ") and one Warrant (" FT Unit Warrant ") with each FT Unit Warrant entitling the holder to purchase one Common Share at an exercise price of $0.10 for a period of 60 months from issuance, subject to acceleration provisions. Each FT Common Share will qualify as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada).
The Company paid an aggregate $12,000.00 in cash commissions and issued an aggregate 240,000 compensation options (the " Compensation Options ") in connection with the Offering. Each Compensation Option entitles the holder to acquire one additional Unit at a price of $0.05 for a period of 36 months following the date of issuance.
Proceeds of the Offering will be used to fund the Company's previously announced exploration and drilling program on its flagship Drayton-Black Lake Project and Contact Bay, in addition to general working capital. All securities issued pursuant to the Tranche One are subject to a statutory hold period of four months plus one from the date of issuance, in accordance with applicable securities legislation.
The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.
For further information, please contact:
Peter Schloo, CPA, CA, CFA President, CEO and Director Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents,
risks related to geological uncertainties and variations; risks related to government and community support of the Company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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Cobre Limited (CBE:AU) has announced Exceptional Cu-Ag Recoveries from Long Term Test Work-Ngami
Most Significant Massive Nickel Mineralization Intercepted in Tamarack History in a Second New Zone Below 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 historic massive sulphide ("MSU") intercept measuring a cumulative 34.9 meters at the Tamarack Nickel Copper Project.
Figure 1: Photo of drill core from drill hole 25TK0563 at 762.34 meters depth showing a cumulative 34.9 meters of massive nickel mineralization
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Highlights:
Drill hole 25TK0563 intercepted a cumulative length of 34.9 meters of massive nickel mineralization starting at 762.34 meters (over a total length of 47.33 meters).
The drill hole was targeting a series of Borehole Electromagnetic ("BHEM") anomalies identified from previous drill holes 25TK0562 and 16TK0250.
The previous record drilling thickness of MSU at the Tamarack Nickel Copper Project was 23.44 meters from drill hole 21TK0380 (see press release dated September 22, 2022).
The MSU in drill hole 25TK0563 appears to be very similar to the MSU in drill hole 16TK0250 extension suggesting grades may be similar (see Table 2).
Disseminated and vein mineralization above the MSU in drill hole 25TK0563 shows chalcocite and bornite suggesting high copper content similar to drill hole 16TK0250.
Drill hole 25TK0563 represents an approximate 68 meter step-out to the east from the intercept in drill hole 16TK0250.
BHEM surveys are currently being conducted on drill hole 25TK0563.
"In my 19 years working on the Tamarack Project, I've never seen anything like this. This 34.9-meter intercept of high-grade massive sulphide isn't just the longest ever recorded at Tamarack - it's a defining moment. It confirms what we've believed all along: that Tamarack is a truly world-class system. This project is essential to America's critical mineral independence, offering a domestic source of nickel and copper at a time when the United States needs it most," said Brian Goldner, Talon's Chief Exploration and Operations Officer.
Background
Since Talon's press release dated February 3, 2025, Talon's in-house exploration team has been '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.
Historic drill hole 16TK0250 was re-examined and extended from 649 meters depth in order to evaluate a subtle BHEM response observed in the data.
The drill hole encountered significant mineralization at a depth of 707.75 meters, intersection 8.25 meters grading 12.62% Ni, 13.88% Cu, 17.95g/t PGEs+Au (23.28% NiEq or 48.87% CuEq) (see the Company's press release dated May 1, 2025).
BHEM surveys of drill holes 16TK0250 and 25TK0562 identified multiple stacked BHEM anomalies which were targeted with drill hole 25TK0563.
Drill hole 25TK0563 intersected the BHEM anomaly and intercepted 20.39 meters of Mixed and Massive Sulphide mineralization starting at 762.34 meters and 14.51 meters of Massive Sulphide mineralization starting at 795.16 meters for a cumulative intercept of 34.9 meters (see Figure 2).
Figure 2: Tamarack Resource Area showing location of the new 34.9 meters intercept in relation to the mineralized domains
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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 Copper Project. Copies are available on the Company's website (www.talonmetals.com) or on SEDAR at (www.sedar.com). 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 or contact:
Media Contact: Jessica Johnson (218) 460-9345 johnson@talonmetals.com | Investor Contact: Mike Kicis 1 (647) 968-0060 kicis@talonmetals.com |
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 drill results and assays as well as geological interpretations. 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 1: Collar Location of Drill Hole 25TK0563
Drill Hole (#) | Easting (m) | Northing (m) | Elevation (masl) | Azm | Dip | End Depth (m) |
25TK0563 | 491049.16 | 5168344.40 | 388.00 | 170.66 | -84.56 | 867.77 |
Collar coordinates are UTM Zone 15N, NAD83. Azimuths and dips are taken from the survey record at collar unless otherwise noted. |
Table 2: Quick Lithology Log for Drill Hole 25TK0563
Drill Hole (#) | From (m) | To (m) | Length (m) | Quick Log | % Sulphides |
25TK0563 | 0 | 33.02 | OB | ||
33.02 | 418.05 | FGO/MZNO | Traces | ||
418.05 | 524.25 | 106.2 | FGO/MZNO | 5-10% | |
524.25 | 538.65 | CGO | 1-2% | ||
538.65 | 539.14 | 0.49 | MSU | 95% | |
539.14 | 762.26 | CGO | Tr-3% | ||
762.26 | 762.34 | SED | Tr | ||
762.34 | 782.73 | 20.39 | MMS/MSU | 80% | |
782.73 | 783.26 | SED | |||
783.26 | 795.16 | CGO | |||
795.16 | 809.67 | 14.51 | MSU | 95% | |
809.65 | 826.01 | SED | |||
826.01 | 867.77 | CGO | Tr-3% | ||
Quick lithology log of drill holes: Overburden (OB); Meta-sedimentary rocks (SED); Fine-grained Orthocumulate/Mixed Zone (FGO/MZNO); Coarse-grained Orthocumulate (CGO); Mixed and Massive sulphide (MMS/MSU). |
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Coverage area includes recently announced gold till anomaly plus two more historic gold occurrences on Matagami property largely subject to base metals exploration
Nuvau Minerals Inc. (TSXV: NMC) has just completed a key step on its journey to unlocking the gold potential of the Matagami Property in the Abitibi region of Québec. It has flown a detailed high resolution drone magnetic ("MAG") survey over an area north of where a 2023 sonic drilling program discovered a significant gold grain anomaly. Hole PD-23-030s had more than 2,000 gold grains per 10 kg of material, supported by a near-contiguous sample with 295 gold grains.
The MAG survey included areas where two other gold anomalies have been previously identified in Québec's SIGEOM/EXAMINE database (see Figure 1):
"These showings add to our thesis that the Matagami camp has the potential to produce gold," said Peter Van Alphen, Nuvau's President and CEO. "The data from this MAG survey will help us develop our eventual diamond drill program related to the gold grain anomaly we recently identified, which is scheduled to start in the second half of 2025. We have just begun to uncover the gold potential of this 1,300 square kilometre land package, where exploration to date has been limited to base metals even though it is in a region known for hosting gold mineralization, including the Detour Gold and Casa Berardi gold mines."
The detailed high resolution drone MAG survey was flown over the area surrounding PD-23-030s, extending north and northeast of the anomaly (see Figure 1). The western limit of the survey is approximately 3 kilometres away from the Caber Complex and the Renaissance discovery, the undeveloped massive sulfide cluster with near-term production potential. This high resolution MAG survey will provide valuable geophysical data to support Nuvau's continuing base metal exploration of the underexplored northern part of the property.
The MAG survey was flown along 25-metre spaced lines oriented at N020° for total line kilometers of 5,066 kilometres. The data was captured at low altitude, approximately 20 metres above ground and will provide a global image of the extended area. Overall, a total area of 128 square kilometres was covered.
The quality and resolution of the survey will enable interpretation of the contrasting geological units as well as structural interpretation, which is key to both the future exploration of region for both gold and base metals. Although this area was previously covered by a mosaic of lower resolution surveys, the data was of much lower definition than what current technology can deliver.
Figure 1 - High resolution Drone Mag survey outline on Matagami Camp property with detail MAG data (Source SIGEOM) and gold showing (Source EXAMINE, GM 60332 and GM 44892).
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Figure 2 - Matagami Property Location relative to the gold producers and explorers in the region. Results from adjacent property(ies) are not necessarily indicative of the mineralization on Nuvau's property.
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Qualified Person and Quality Assurance
Gilles Roy, P. Geo. (Qc), Director of Exploration of Nuvau and a Qualified Person as defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and otherwise reviewed and approved the scientific and technical information in this news release.
For further information, please contact:
Peter van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com
About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau's principal asset is the Matagami Property, which is host to existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.
Cautionary Statements
Readers are cautioned that geophysical surveys are not definitive; the results contained in this news release are still at an early stage of interpretation, with no guarantee of a mineral discovery.
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses.
Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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