Hispania Resources Acquires Lumbrales Deposit Permit, Aims for Continued Growth in Spain's Mining Sector

Hispania Resources Acquires Lumbrales Deposit Permit, Aims for Continued Growth in Spain's Mining Sector

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") is pleased to provide an update on its 100% owned Lumbrales Deposit ("Lumbrales"), in the Stanniferous Iberian Belt of Spain. A region known for its more than 100 Tin and Tungsten deposits across Spain and Portugal, the prolific belt is set to be further enriched by Hispania's ambitious expansion plans. The Company has now acquired the Lumbrales Permit from Siemcalsa, a company controlled by the administration of Castile y Leon in Spain.

The Lumbrales Permit covers 2,900 hectares and contains the formerly producing Mari Tere mine and two other artisanal tin prospects. These sites are situated approximately 115 kilometers west of the city of Salamanca, Spain. Prior to its closure in 1986, the Mari Tere mine contained a confirmed resource of 2.5 million tons at a grade of 0.25% Tin and 100 ppm Molybdenum. Based on Siemcalsa's historical records, an additional 3 million tons of potential resources might be present, although these figures are historical and hence, are not reliable for current evaluation.

These resources are located within two parallel Quartz vein systems, which are exposed to a depth of 200 meters and stretch along a strike length of 750-meter section. This exposure was made possible by extensive surface drilling and underground development. Each vein measures between 3 to 6 meters each in width, averaging at 4 meters, and are spaced 45 meters apart. An intermittent third system exists between these two.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_001full.jpg

Image 1: Detailed view of a Quartz vein demonstrating Cassiterite and Molybdenite mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_001full.jpg

The Mari Tere mine was initially developed with a surface shaft and four underground levels. These were operated by England's Lumbrales Mining and Power Company Ltd. from 1935 to 1941, followed by Montes de Galicia from Germany during 1941-45. More recently, Mina Duro SA, another significant player in this timeline, undertook a substantial development project. The company constructed an underground infrastructure consisting of a 658 meter long, 4.5 by 4.5 meter decline that goes down to a depth of 220 meters, as well as associated levels stretching 3,600 meters. Excavated in 1982/83, these structures remain in a well-preserved state, as can be seen in the image below.

Norman Brewster, CEO of Hispania, commented, "We are extremely excited about the acquisition of the Lumbrales permit and our expansion in Spain. The property is located in the Stanniferous Iberian Belt, a geological region our team is familiar with. This property has been a previous producer of Tin, now considered a critical metal. Given the current market forecasts of Tin, this property holds considerable financial potential. We plan to explore the expansion of the resource and consider the reprocessing of existing tailings as we begin work on the site. Equally important is the existing infrastructure, including decline ramps, surface shafts and underground developments. The construction of these features would typically take a mining company several years of permitting and work, positioning us favorably to advance this crucial project. We eagerly anticipate our continued growth in Spain."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_002.jpg

Image 2: A view from the decline ramp looking upwards

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_002full.jpg

Following the development of the underground infrastructure, Mina Duro SA established a pilot plant to treat a 10 ton sample. In the period of 1984/85, the company constructed an on-site treatment plant capable of processing 400 tons per day and subsequently commenced mining operations. However, operations were closed in 1986 due to a fall in Tin prices. Throughout Mina Duro SA's period of activity, a total of 30,000 tons of material were mined and processed in the on-site facility.

Two images below show a longitudinal section of the Mari Tere Mine, a surface projection of the vein systems and decline ramp are shown in the included image below.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_003.jpg

Image 3: Longitudinal Section

This image shows the relationship between diamond drill holes, underground openings, surface decline, and surface shaft.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_003full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_004.jpg

Image 4 Surface Projection

The surface projection of the two vein systems (green), decline ramp (yellow), and diamond drill locations (red) is depicted in this image.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8711/169086_bbda132f747208b1_004full.jpg

During its tenure, Siemcalsa carried out extensive surface exploration programs. These included trenching and sampling, along with geophysics and geochemistry studies. This work resulted in the extension of the mineralized veins along strike and unveiled the possibility of a third vein system and other prospects.

Furthermore, the permit for the Lumbrales sites has been renewed for a three-year term, effective until 2026. Mr. Brewster, CEO of Hispania, expressed the company's immense satisfaction with this development, noting, "We are overwhelmingly pleased with the Administration, our stakeholders, and partners, who helped make this process a reality. We look forward to growing our presence in and with the region."

About Hispania Resources Inc.

Hispania Resources Inc. is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core assets, the Zinc, Copper, Lead enriched Puebla de la Reina ("PBR") property in the low-risk and historic mining district of Extremadura in Southwest Spain; as well as the Marie Tere project in Lumbrales. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100% interest in the PBR property and has acquired the Lumbrales property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

For more information on Hispania Resources Inc., visit: https://HispaniaResources.com/.

Contact Information

For more information or interview requests, please contact:

Norman Brewster - Chief Executive Officer
Norm@HispaniaResources.com
(416) 970-3223

Rahim Allani - Director
Rahim@HispaniaResources.com
(416) 457-0549

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the expected commencement of work on the PBR project, the expected meetings with local drilling firms, as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedar.com. The forward- looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This news release is not an offer of the securities for sale in the United States. The securities described in this news release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which where such offer, solicitation or sale would be unlawful.

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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169086

News Provided by Newsfile via QuoteMedia

ESPN:CA
The Conversation (0)
Hispania Resources Completes Visit to Core Storage Facility at Siemcalsa, Salamanca, Spain

Hispania Resources Completes Visit to Core Storage Facility at Siemcalsa, Salamanca, Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the company") has completed a visit to the Siemcalsa core storage facility in Salamanca on a recent visit. As part of the recently announced transaction to acquire the Lumbrales property, the company acquired access to this facility. While at the facility the company acquired various reports, maps and sections relating to the Lumbrales property. Company personnel in Spain and Canada, with the assistance of this material, are currently preparing a work program for the revitalization of the Mari Tere mine which was last in formal operation in 198586, prior to its acquisition by Siemcalsa in 2007. Lower tin and overall metal prices caused a closure of this mine which remained dormant until acquired by Siemcalsa and subsequently Hispania.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hispania Resources Completes Site Visits in Spain

Hispania Resources Completes Site Visits in Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the Company") is pleased to announce that management, members of the board of directors, and geological teams completed site visits over the past two weeks across Spain. These sites are mineral projects located in Castile y Leon and Extremadura, Spain. During these visits, the teams completed property inspections, as well as meetings with Regional and local municipal authorities.With respect to the Lumbrales project, the final transfer documents were signed and notarized with Siemcalsa representatives. Thereafter, the teams reviewed and collected in country material and project reports and visited the Marie Tere site to determine property conditions and begin work activity planning. "We are very pleased to have completed all formal documentation and processes with Siemcalsa and regional governments to take formal ownership of this exciting base metals project and the existing infrastructure" commented Norman Brewster, Chief Executive Officer of Hispania.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hispania Resources Inc. Announces Acquisition of Lumbrales Permit

Hispania Resources Inc. Announces Acquisition of Lumbrales Permit

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or "the Company") is pleased to announce that it has acquired a 100% ownership in the Lumbrales Deposit (the "Lumbrales Permit"), situated in the Stanniferous Iberian Belt. This belt is a prolific mining region, which includes more than 100 Tin and Tungsten deposits in Spain and Portugal. Hispania acquired the Lumbrales Permit from Siemcalsa, a company controlled by the administration of Castile Leon in Spain.

The 2,900 Hectare Lumbrales Permit contains the formerly producing Mari Tere mine and two other artisanal tin prospects situated in Castille, about 115 kilometers west of the city of Salamanca. The permit was acquired from Siemcalsa for €250,000 (approximately CAD $374,500). At the time of its closure in 1986, the Mari Tere mine had established tin and molybdenum resources.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hispania Resources

Hispania Resources to Begin On-Site Preparations for Exploration Program at Las Herrerias, on the Puebla de la Reina Property, Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") wishes to inform shareholders that it is preparing for the exploration program to be carried out at Las Herrerias ("Las Herrerias"), on the Puebla de la Reina property, located in Extremadura, Spain. Management will be onsite in early February to meet with its geological team to review and visit local geological areas of interest on the property identified by the work carried out in 202122 by the company.

While in the region, company management will be meeting with additional firms that carry out geophysical and diamond drilling activities, with the objective of determining timing and scope for the upcoming work at Las Herrerias. Further, management intends to again meet with the regional Ministry and politicians, including the Mayor of Puebla de la Reina, as they did in July, 2022, to ensure all local stakeholders needs are met.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Hispania Resources

Hispania Resources Announces the Preparation of its Three-Year Exploration Program at Las Herrerias, on the Puebla de la Reina Property in Spain

Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or the "Company") is pleased to update its plans for the coming year and prepares for its exploration program at the Puebla de la Reina ("PBR") property, Las Herrerias permit, for the next three years. This program consists of surface exploration, geophysics, surface sampling and diamond drilling across the property, which is located in a mining friendly jurisdiction in Southern Spain.

During the second half of the year, as travel opened up, Hispania's team met with regional government officials as well as the local Mayor in PBR to update on the company's plans going forward. The Mayor was appreciative and supportive of the Company's work during the COVID-19 pandemic, and was looking forward to more work in the area going forward. This continued through the back half of the year and after meeting with Government officials in Extremadura in the 3rd quarter of the year, "we presented the work program for Herrerias to the mining authorities and are pleased that it has been recommended for implementation," commented Norm Brewster, CEO of Hispania. The Company expects to begin this work program during the second quarter of 2023.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

 

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals & Mining Virtual Investor Conference, held July 23 rd and 24 th are now available for online viewing.

 

   REGISTER AND VIEW PRESENTATIONS HERE   

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
FPX Nickel Provides Update on Normal Course Issuer Bid

FPX Nickel Provides Update on Normal Course Issuer Bid

 
 

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on its Normal Course Issuer Bid (" NCIB ") that was announced on December 2, 2024 . Since December 5, 2024 the Company has repurchased a total of 720,000 common shares (" Common Shares ") of the Company at an average price of $0.24 per share under the NCIB.

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The repurchased shares represent progress toward the Company's ability to acquire up to an aggregate of 5,000,000 Common Shares, representing approximately 2% of the Company's issued and outstanding shares, over the 12-month period ending December 5, 2025 . All shares repurchased under the NCIB have been cancelled.

 

Purchases under the NCIB continue to be executed through open market transactions on the TSX Venture Exchange, with the acquisition price determined by the prevailing market conditions at the time of each transaction. Cormark Securities Inc. is managing the NCIB on behalf of FPX.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at   https://fpxnickel.com/.   

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

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

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/24/c8569.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 23, 2025 TheNewswire - Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the "Company" or "Juggernaut") is pleased to announce that it has mobilized for the 2025 surface exploration program aimed at identifying additional high-grade drill targets on the Big One property (the " Property "), Golden Triangle, British Columbia. This new discovery yielded assays up to 79.01 gt Au (2.54 ozt Au) and 3157.89 gt Ag (101.5 ozt Ag) from >200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that remain open. These veins were identified along the newly discovered 11 km Highway of Gold surrounding the Eldorado gold system on the Big One property. The discovery is located in an area of glacial and snowpack abatement adjacent to the extensive gold-rich porphyry systems at Galore Creek. The 100 % controlled property covers 36,989 hectares in a Tier 1 geologic terrane with tremendous additional discovery potential.

Keep reading...Show less
Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

 

(TheNewswire)

 
      
  Heritage Mining Ltd. 
             
 

  NOT   INTENDED   FOR   DISTRIBUTION   TO   UNITED   STATES   NEWS   WIRE   SERVICES   OR   FOR DISSEMINATION IN THE UNITED STATES  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23 rd and 24 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×