Resource News

Results Include 331m grading 0.63% Copper Equivalent on the largely undrilled Northeastern Side of the Deposit

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes", "LA" or the "Company") is pleased to report continued consistent positive results from recent drilling completed at the Vizcachitas Copper Project in Chile. The new results include 331 meters grading 0.63% Copper Equivalent (0.55 % Copper, 212 ppm Molybdenum and 1.28 gt Silver) in hole CMV 012B on the northeastern edge of the deposit where almost no prior drilling has been completed. The results also include 122 meters grading 0.59% Copper Equivalent on the western edge of the deposit (0.55 % Copper, 223 ppm Molybdenum and 1.72 gt Silver) in hole CMV 011.

The drill results continue to expand a Tier 1 large, advanced copper deposit, with a Pre-Feasibility Study ("PFS") in progress, in a copper market with few development projects in the pipeline and a multi-million tonne supply deficit looming. Projects like Vizcachitas are expected to be in high demand by copper producers as they advance towards the development stage to help fill the supply gap.

The drill core assay results reported today will be also incorporated into the new resource assessment for the PFS targeted for the fourth Quarter 2022.

R. Michael Jones CEO of Los Andes said, "The drill results continue to show that the limits of the Vizcachitas Porphyry Copper deposit still have not been determined. On the east, west and southern areas we have yet to close-off the deposit with drilling. Our recent previously announced results of 152 meters of 1% Copper Equivalent in the south (CMV 009) and the results announced today on the western and eastern sides, show that further drilling is required to determine the full scale of the deposit."

Vizcachitas is a classic porphyry copper deposit in the same setting as some of the largest copper mines in the world, which surround it to the north and south in Chile. Current Resources, as estimated in the Preliminary Economic Assessment (the "PEA"), which will be updated with the new drilling in 2022, are Measured Resources of 254.4 million tonnes having a grade of 0.489% copper equivalent and Indicated Resources of approximately 1.03 billion tonnes having a grade of 0.442% Copper Equivalent.

Future milestones for the Company include additional drilling assay results in the coming weeks and completion of the PFS in the fourth Quarter of 2022. Vizcachitas represents one of the few truly Tier 1 copper assets, as being a large resource in a leading jurisdiction for copper development with no major company holdings or offtake commitments. Los Andes Copper owns 100% of the Vizcachitas Project.

Drilling Results Details

The details of Holes CMV-008, CMV-011, CMV-012b, are shown in the table below.

Drill HoleInterval (m)MetersCu %Mo ppmAg g/tCuEq %
CMV-00812.2 - 592.1579.900.0780.570.08
CMV-01115.05 - 1055.151,040.100.21670.710.24
Including804 - 926122.000.502231.720.59
CMV-012B29.5 - 890.7861.200.341330.860.39
Including560 - 890.7330.700.552121.280.63

 

* Copper Equivalent grade has been calculated using the following calculation: CuEq (%) = Cu (%) + 0.000333 x Mo (ppm) + 0.00826 x Ag (g/t), using the metal prices: 3.00 USD/lb Cu, 10.00 USD/lb Mo and 17.00 USD/oz Ag. No allowance for metallurgical recoveries has been considered. These are the same reference prices as in reporting of 2019 PEA. This means that the reported intercepts can be compared directly with the results published in the PEA. Approximate relative value on the PEA pricing is 93% Copper, 6% Molybdenum and 1% Silver.

All thicknesses from the drill hole intersections are down-hole drilled thicknesses. True widths will be estimated as the deposit model is updated and information becomes available. Hole CMV-008 was drilled in an exploration area located on the southwestern side of the project site.

The Company is preparing a filing for the Environmental Court in Chile on the issues raised in a recent injunction that suspended drilling. Following considerable detailed work and documentation, the Company plans to submit substantial evidence to demonstrate that the drilling project can continue, in accordance with the Company's permits, with no significant negative effects to fauna and the environment. Los Andes Copper welcomes continued open dialogue with all stakeholders in a climate of mutual respect to protect the environment and maximize the value of the project.

About Los Andes Copper Ltd.

Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.

The Project is a copper-molybdenum porphyry deposit, located 120 kilometres north of Santiago, in an area of very good infrastructure. The Company's Preliminary Economic Assessment (the "PEA"), delivered in June 2019, highlights that the Project has a post tax NPV of $ 2.7 billion and an IRR of 26.7%, based on a $3.50 per pound copper price.

Please refer to the technical report, compatible with NI-43 101, dated June 13, 2019, with an effective date of May 10, 2019 and titled "Preliminary Economic Assessment of the Vizcachitas Project", prepared by Tetra Tech.

The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Qualified Person ("QP") and Quality Control and Assurance

Antony Amberg CGeol FGS, the Company's Chief Geologist, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release. The QP has validated the data by, supervising the sample collection process, through chain of custody records and inspecting the detailed technical data and quality control and assurance information.

Los Andes Copper has a strict Quality Assurance and Quality Control ("QA QC") protocol, which is consistent with industry best practices. There is a strict chain of custody from the project site to laboratory via the Company's core cutting facility. The QA QC protocol includes the insertion of field duplicates, coarse duplicates, pulp duplicate, pulp and coarse blanks and Certified Reference Materials supplied by Ore Research and Exploration, Australia.

The core was analysed by ALS in Lima, Peru. All samples were assayed using the method ME-MS61, a four-acid digestion with an ICP-MS finish. Samples with grades above 0.7 % Cu were analysed using ALS method Cu-OG62, a four-acid digestion with an ICP-AES finish. The Company uses a program of detailed QA QC and monitors the performance of the laboratory.

For more information please contact:

R. Michael Jones, P.Eng CEO
rmj@losandescopper.com
+44 203 4407982

Blytheweigh, Financial PR
Megan Ray
Rachael Brooks
Tel: +44 207 138 3203

E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com

Follow us on twitter @LosAndesCopper 

Follow us on LinkedIn Los Andes Copper Ltd

Certain of the information and statements contained herein that are not historical facts, constitute "forward-looking information" within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information"). Forward-Looking Information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or "may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the timing of and ability to obtain TSX-V and other regulatory approvals and the prospects, details related to and timing of the Vizcachitas Project. Such Forward-Looking Information is based upon the Company's assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy and the Company's production. Among the factors that have a direct bearing on the Company's future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

2022 Drilling with the + 0.5% Cu Eq Model and the PEA ultimate 45 year Pit

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magin torres

Los Andes Copper

Overview

The copper market has seen an exciting uptick and revitalization in recent years. Besides being a staple metal for building and construction, analysts' forecast copper valuation may exceed historic highs of US$10,000 per tonne with the increased demand for the metal in electric vehicle wiring and solar panel manufacturing.

One of the most prominent players in this arena is Chile. As a country with many of the largest copper mines in the world and some of the most investor-friendly mining jurisdictions to date, Chile is already playing a significant part in producing the copper needed to power the new green world.

Los Andes Copper (TSXV:LA, OTCQX: LSANF) is a Canadian company focused on developing its flagship Vizcachitas copper-molybdenum project, which is one of the largest advanced copper deposits in Chile.

For years, Chile has hosted many international mining projects, with its stable taxation regime for foreign companies to work and a democratic government supportive of mining operations. Los Andes Copper is strategically positioned to leverage Chile's prominent past-producing geological positioning and take advantage of rising copper prices despite production disruptions from COVID-19 in 2020.

Los Andes' diverse investor portfolio demonstrates the vast and enthusiastic interest surrounding the company. Along with a large group of loyal and very active retail investors, the company is also seeing interest generated from the development of drilling programs conducted from 2015 to 2017. The campaign results showed significant grades hovering above 0.5 percent copper in near-surface supergene mineralization.

Additionally, a preliminary economic assessment (PEA) published in June 2019 measured copper on the Vizcachitas property at US$3.50 per pound with an IRR of 26.7 percent and at US$3.00 per pound with an IRR of 20.7 percent. Resource estimates measured 254.4 million tonnes grading 0.439 percent copper, 119 ppm molybdenum and 1.26 g/t silver, giving a 0.489 percent copper equivalent.

With the net present value of the Vizcachitas asset set at US$1.8 billion as of the PEA, Los Andes Copper is favorably positioned to leverage the robust economic and geological conditions of this large copper project for years to come.

The company expects to publish a pre-feasibility study (PFS) for its flagship project in late 2021. This study would include robust economics, updated resource estimates of prospective mining reserves and metallurgical testing results of copper and molybdenum mineralization. As part of the PFS, Los Andes is undertaking work programs that will contribute to the design of an environmentally friendly operation that will position Vizcachitas on the forefront of global environmental trends for mining.

With commitments to environmentally friendly best practices and community participation, Los Andes Copper's management team has primed the company for development and mining success. Its track record of accomplishments in mining, community affairs and project development means that company leadership has the expertise to push its Vizcachitas project to levels seen in neighboring porphyry deposits.

Los Andes Copper's Company Highlights

  • Los Andes Copper is a Canadian company focused on the development of its flagship Vizcachitas copper-molybdenum project. This deposit is forecasted to become Chile's next major copper mine.
  • The company owns 100 percent of the Vizcachitas copper deposit. This asset is one of the largest advanced copper deposits in South America.
  • Preliminary economic assessment conducted in June 2019 revealed robust project economics and competitive mineralization with measured copper on the Vizcachitas property at US$3.50 per pound with IRR of 26.7 percent and US$3.00 per pound copper with IRR of 20.7 percent.
  • In 2019, Fernando Porcile joined the Los Andes board of directors as executive chairman. Along with a diverse and world-class management team, this leadership primes the company for significant development advancement.
  • Los Andes Copper is currently working on a 2021 PFS in preparation for robust economics, drilling and expected production in 2025.
  • Significant exploration upside at Vizcachitas with the potential to increase the resource base beyond the initial 45 year mine life modelled in the PEA

Los Andes Copper's Key Projects

Vizcachitas Copper-Molybdenum Project

Los Andes Copper's flagship project is 100 percent owned and focuses on developing an advanced copper-molybdenum porphyry deposit in Central Chile. The company expects to publish its PFS in late 2021.

alphinat_profile_fig3

The project is located approximately 150 kilometers northeast of Santiago with accessible water resource networks and good infrastructure. It operates on the same geological belt that has historically hosted competitive and clean grade copper production. This includes the Rio Blanco-Los Bronces deposit, which has seen over 101 million tonnes of contained copper.

Additionally, the deposit has a measured and indicated resource of approximately 1.28 million tonnes at a copper grade of 0.40 percent and a copper equivalent grade of 0.45 percent. Total mineralization estimates also include 11.2 billion pounds of copper, 400 million pounds of molybdenum and 43.4 million ounces of silver.

Los Andes Copper is currently working on completing its 2021 PFS and Environmental Impact Statement (DIA) to acquire the permits that will allow for drilling and mining development. With a strong showing from the company's 2019 PEA, the Vizcachitas copper project demonstrates significant exploration potential and is expected to begin production in 2025.

alphinat_profile_fig3

Los Andes Copper's Management Team

Fernando Porcile - Executive Chairman

Fernando Porcile is a mining engineer with over 50 years of experience in the mining industry. He has been responsible for the development, implementation, commissioning and operation of new mining projects and the management of various world-class operations. His experience with engineering companies is vast and varied, as senior process engineer, and as client and consultant. Most of his experience has been in copper, but has also included nitrates, iodine and iron ore. During the period 2010-2014, he was Director of the Codelco Board and lately he has been consultant for other mining companies developing copper, iron and gold projects.

Mr. Porcile was President of Compañía Doña Inés de Collahuasi in the period 2007-2009; he was also President of the Falconbridge Copper Business Unit for five years. During his presidency Falconbridge was developing projects that included El Morro, Pachón and the expansion of Collahuasi. Prior to these responsibilities he was Vice President Project Development for BHP Billiton's Base Metals Division and before that President of Compañía Minera Cerro Colorado of Rio Algom, participating in the development of the Antamina and Spence projects.

From 1989 to 1991, he was Operations Manager of Soquimich, responsible for the operations to produce nitrate and iodine in Chile's Region of Antofagasta. Mr. Porcile worked for Codelco for nine years, from 1980-1989. At Codelco he worked in the El Teniente and Chuquicamata Divisions. At Chuquicamata he was General Manager at a time when a large expansion program was developed at the mine, concentrator, smelter, electrolytic refineries, leaching and supporting facilities.

Mr. Porcile holds a Masters of Science in Mineral Engineering from Columbia University in the city of New York. Prior to that, he studied Mining Engineering at the University of Chile.

R. Michael Jones - Chief Executive Officer

Mr. Jones is an experienced CEO and Director, with a history of developing, permitting, and adding significant value to mining companies. He has taken multiple large mines, with values of up to $1 billion, from the discovery stages, through to feasibility studies and construction decisions. He is a well known promoter of exciting mining projects, and a finance specialist with a successful background in undertaking fundraises, take overs and mergers and acquisitions.

A qualified mining engineer, by trade, with a whole host of experience, Mr. Jones received his Bachelor's Degree in Applied Science, Geological Engineering from the University of Toronto. A few years later he went on to be granted an engineering licence as a Professional Engineer in Ontario Canada. Mr. Jones is a Fellow of the Geological Society of South Africa, as well as the winner of multiple discovery awards.

Santiago Montt - Chief Operating Officer and President of Compañía Minera Vizcachitas Holding

Mr Montt recently spent over a decade overseeing BHP's corporate and legal affairs in the Americas, serving in different roles in Chile, Brazil, and Australia. He is a lawyer with vast experience leading teams in multinational mining companies and will be based in Chile.

Warren Gilman - Non-Executive Director

Warren Gilman has over 30 years of experience as a deal maker and investor in the metals and mining sector. Mr. Gilman was a founder of the Canadian Imperial Bank of Commerce ("CIBC") Global Mining Team in Toronto in 1988. He subsequently led the team's efforts out of Australia and China. During his time with CIBC, he was responsible for some of the largest equity capital markets financings in Canadian mining history. He served as advisor to the largest mining companies in the world including BHP, Rio Tinto, Anglo American, Noranda, Falconbridge, Meridian Gold, China Minmetals, Sumitomo, Mitsubishi, Jinchuan and Zijin.

Corinne Boone - Non-Executive Director

Corinne Boone has more than 25 years of experience focused on sustainable business, climate risk, carbon markets and executive leadership. Currently, Ms. Boone is Board Chair of the Canadian Energy Research Institute (CERI), an organisation focused on energy sector research and analysis. In addition, she is CEO of Climate and Sustainable Innovation, a boutique consultancy focusing on sustainable finance; carbon markets and pricing; and overall ESG considerations. She is on the Board of Efficiency One, a leading energy efficiency enterprise. She also sits on the Alternative ESG Fund Independent Review Committee for Waratah Capital Advisors. She formerly held the role of Managing Director of Hatch's Environmental Services Group and was globally responsible for environment, community engagement and investment, climate change, overall sustainability, and annual corporate sustainability reporting. Ms. Boone also formerly held the role of Managing Director, CantorCO2e, a Cantor Fitzgerald subsidiary, focused on global carbon markets.

Antony Amberg - Chief Geologist

Antony Amberg is a chartered geologist with 32 years of diverse experience working in Asia, Africa and South America. Amberg is a Qualified Person under NI 43-101 and has managed various exploration projects ranging from grassroots through to JORC compliant feasibility studies. In 2001, he returned to Chile, where he started a geological consulting firm specializing in project evaluation and NI 43-101 technical reports. Amberg began his career in 1986 working with Anglo American in South Africa before moving on to work for Severin-Southern Sphere, Bema Gold, Rio Tinto and Kazakhstan Minerals Corporation.

Manuel Matta - Director of Vizcachitas Project

Manuel Matta is a mining engineer with 30 years of mining experience in operations, planning and projects. He has experience in M&A, asset optimization, due diligence for major projects worldwide and the development of concentrate treatment technology. Matta has also worked for Barrick Gold as vice president of project construction, responsible for constructing large capital projects worldwide. Before that, he worked at Rio Algom in the mid 1990s, where he worked with Fernando Porcile through all the development phases of the Spence copper project, from exploration to conceptual engineering, pre-feasibility and feasibility. During this period, he also assisted Mr. Porcile's team in optimizing the throughput of the recently commissioned Cerro Colorado copper mine. Matta worked for Falconbridge and Xstrata as vice president of projects and development, where he led the expansion of the Collahuasi project. He was also general manager of the Altonorte Smelter in Antofagasta, Chile, where he led the operation upgrade for this custom copper smelter, one of the world's largest.

Ignacio Melero - Director of Corporate Affairs and Sustainability

Ignacio Melero is a lawyer from Pontificia Universidad Católica de Chile. He has vast experience in corporate and community affairs. Before Los Andes, Melero was responsible for community affairs at CMPC, having managed community and stakeholder affairs for many pulp and forestry divisions throughout the country. Ignacio has also worked for the Government of Chile in the Ministry General Secretariat of the Presidency. He was responsible for the inter-ministerial coordination of the ChileAtiende project, a multi-service network linking communities, regional governments and public services.

Harry Nijjar - CFO

Harry Nijjar holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a BComm from the British Columbia University. He is currently a managing director of Malaspina Consultants and has been working with public and private companies for the past 10 years in various roles. He is also presently the CFO of Darien Business Development Corp. and Clarmin Explorations Inc.

Pedro Loch - Controller

Pedro Loch is a certified accountant with over 30 years of experience with multinational companies. Loch has worked as Regional Financial Officer for the Chilean subsidiary of Mincom International from 1997 to 2010. He has also worked at Raychem as a controller for Chile and Peru and he was a controller for seven years at the Chilean subsidiary of Transammonia Inc. in New York.

Magin Torres - Senior Metallurgist

Magin Torres is a metallurgist and mining engineer with a Master of Science in Extractive Metallurgy and Mining Engineering from the University of Chile. He has 12 years of experience as a process consultant in copper-moly, gold and iron operations. Before joining Los Andes Copper, Torres was in charge of milling operations at the Codelco Chuquicamata mine. He was the senior metallurgist at Minera Las Cenizas mine and the QA operations manager at SGS Minerals, Chile.

Magin is also a Competent Person in Extractive Metallurgy under the Chilean Mining Commission (Reg. No. 0409).

Alejandro Cassi - Manager of Community Relations

Alejandro Cassi is a sociologist and candidate for a Master's Degree in Political Communication and Public Affairs. He has 10 years of experience in community management. Cassi has worked for Esval (water utility) in charge of communities, for Codelco as deputy manager for Community Relations for the Ventanas smelter and Kinross Chile as community relations specialist.

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Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit

Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report that on July 20, 2022, the Second Environmental Court in Chile revised the preliminary injunction issued on March 18, 2022 that suspended drilling. The Court decided that drilling can continue, with certain restrictions, at the Vizcachitas Copper Project under the Company's environmental license.

Following the injunction, the Company prepared and filed with the Environmental Court several scientific reports, technical studies and legal opinions showing that the drilling program is compatible with the protection of the Andean Cat and the overall environment.

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Los Andes Copper Announces Passing of Former Chairman

Los Andes Copper Announces Passing of Former Chairman

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces the passing of former Executive Chairman, Fernando Porcile. The Directors and employees of Los Andes Copper would like to extend their sincerest condolences to Fernando's family and friends.

Fernando's integrity and character were an example to many. His uncompromised commitment to doing the right thing, compassion and dedication represent an example to follow.

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Los Andes Copper Initial Drill Program at Vizcachitas Copper Project in Chile Indicates Large-Scale Potential Beyond the 13 Billion Pound Copper Equivalent Deposit

Los Andes Copper Initial Drill Program at Vizcachitas Copper Project in Chile Indicates Large-Scale Potential Beyond the 13 Billion Pound Copper Equivalent Deposit

 Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes", "LA" or the "Company") is pleased to report continued consistent positive results from recent drilling completed at the 100% owned Vizcachitas Copper Project, located 120 kilometers from Santiago in Chile.

Further results from the drill program include a highlight of 404 meters grading 0.41% copper equivalent (0.36% copper, 136 parts per million ("ppm") molybdenum and 1.2 grammes per tonne ("g/t") silver) in hole CMV 014. The results also include 44 meters grading 0.46% copper equivalent on the southwestern edge of the deposit (0.42% copper, 96 ppm molybdenum and 1.1 g/t silver) in hole CMV 013. Hole 14 was stopped early in phase 1 and is planned to be extended when drilling resumes.

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Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile

Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile

152m Grading 1% Copper Equivalent

Included in 387 m at 0.56% Copper Equivalent

Additionally, 377 m at 0.31% Copper Equivalent

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Los Andes Copper Announces Notice of Planned Payment of US$ 5,000,0000 to the Company Under the 2020 Royalty Agreement

Los Andes Copper Announces Notice of Planned Payment of US$ 5,000,0000 to the Company Under the 2020 Royalty Agreement

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report that it has been advised that RCF VI CAD LLC ("RCF") has entered into a definitive agreement (the "Definitive Agreement") to sell (the "Proposed Sale") the 2% NSR royalty on the Company's Vizcachitas Copper Project (the "Royalty") owned by RCF pursuant to that certain Royalty Purchase Agreement dated May 27, 2020 (the "Royalty Purchase Agreement"). If the Proposed Sale is consummated, then RCF will owe the Company a contingent purchase price payment of US$5,000,000 pursuant to the terms of the Royalty Purchase Agreement.

R. Michael Jones, CEO of Los Andes, said: "We are very pleased to see the proposed sale by RCF to a company planning to complete a direct listing on the TSX-V in the near future. The Royalty Sale and future listing of a new base metal royalty company mark the growing recognition of our copper asset as a rare world class copper deposit at a time of growing interest in copper globally."

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Pan Global Reports Additional Drilling Success at La Romana Target, Escacena Project, Spain

Pan Global Reports Additional Drilling Success at La Romana Target, Escacena Project, Spain

  • 26.9m at 0.5% Cu, 0.13% Sn, including 1.6m at 1.6% Cu, 0.08% Sn and 1.3m at 1.0% Cu, 0.53% Sn in LRD120
  • 10.1m at 0.8% Cu, 0.18% Sn, 3.1g/t Ag, including 0.3m at 17.3% Cu, 0.56% Sn, 59.3g/t Ag in LRD125
  • Follow-up drilling underway and plans include testing 6 new targets

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new drill results at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Reported results comprise eleven drill holes at the La Romana target and two drill holes on geophysics targets at La Romana North.

Tim Moody, Pan Global President and CEO states: "The latest results add to the down-dip extent of the main copper and tin zone with hole LRD120 intercepting approximately 27m thickness with grades of 0.5% Cu and 0.13% Sn within a 40m wide copper mineralized interval, and 10.1m at 0.8% Cu and 0.18% Sn in hole LRD125. The results include narrow intervals with some exceptionally high grades, including 17.3% Cu, 0.56% Sn and 59.3g/t Ag over 0.25m. The new drill results continue to show potential for the near surface high grade mineralization to continue west for several hundred meters in the direction of the historic La Romana mine workings. Drilling has also successfully defined the southern margin of the La Romana mineralization and shows supergene copper mineralization extending over the footwall to the main copper zone. Assay results are pending for an additional fourteen drill holes from La Romana."

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Smokey Lithium Ground Sample Program Results Deliver Clearer Target Areas for Drill Hole Locations

Smokey Lithium Ground Sample Program Results Deliver Clearer Target Areas for Drill Hole Locations

  • 116 hand samples taken by Victory's Exploration Team benefit the comprehensive effort to delineate significant lithium mineralization on the Smokey Lithium Property
  • Lithium bearing claystones at surface measured as high as 630 ppm, helping to develop a clear picture of the best potential drill locations for the next round of drilling
  • Based on results from its overall exploration efforts, the Company anticipates a beneficial revision to its drilling application with the relocation of several holes, which will be an expedited process once undertaken

Victory Resources Corporation (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that the Company's exploration team has received results from its extensive ground sampling program, building upon favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the Company's Smokey Lithium Property in Nevada

As noted on June 28th, the ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to the Company locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of Company.

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WESTERN COPPER AND GOLD FILES FEASIBILITY STUDY ON CASINO PROJECT

WESTERN COPPER AND GOLD FILES FEASIBILITY STUDY ON CASINO PROJECT

Western Copper and Gold Corporation (the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that it has filed a technical report titled "Casino Project, Form NI 43-101F1 Technical Report Feasibility, Yukon, Canada " with an effective date of June 13, 2022 (the "Report").

Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

The Report summarizes the results of a feasibility study on the Casino copper-gold project, which results were first reported by the Company in a news release dated June 28, 2022 .

The Report is available on SEDAR ( www.sedar.com ) and EDGAR ( www.sec.gov/edgar.shtml ) and is also posted on the Company's website ( www.westerncopperandgold.com ).

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.  For more information, visit www.westerncopperandgold.com .

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

SOURCE Western Copper and Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/09/c1575.html

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Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

TSXV: AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to further advance Company's existing portfolio of projects in Portugal and beyond, Mr. Christopher Osterman has been appointed as the Company's Chief Executive Officer effective August 4, 2022. Mr. Catalin Kilofliski, has been appointed as Goldplay's Executive Chairman and will continue to lead Company's strategy. Goldplay's current Chair of the Board, Dr. Deepak Malhotra has been appointed as Lead Independent Director

Chris Osterman, PhD Geologist, Chief Executive Officer

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Canada Nickel Company Initiates Federal Permitting Process for Crawford Nickel Project

Canada Nickel Company Initiates Federal Permitting Process for Crawford Nickel Project

Canada Nickel Company Inc. ("Canada Nickel" or the "Company ") (TSXV: CNC) (OTCQX: CNIKF) announced today that the federal Impact Assessment permitting process for the Company's Crawford Nickel Project has been initiated following the acceptance by the Impact Assessment Agency of Canada (the "Agency") of the Company's Initial Project Description (the "IPD"). The Agency has determined the IPD conforms to the regulations and it has been posted to the Agency's public website for an official comment period.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

"We would like to thank all who have taken the time to provide feedback, and to reiterate the significant role each individual can play in the careful and informed design, development, and operation of the Crawford Nickel Project," said Mark Selby , Chair and CEO of Canada Nickel.  "The relationships we have built since the earliest days of the project have been crucial in facilitating these conversations, and by continuing to collect, reflect upon, and integrate the comments, concerns, questions, and suggestions we receive, Canada Nickel hopes to build a project that maximizes benefits to all communities in the region."

Engagement Period
Following the submission of an IPD draft to the Agency in May 2022 (see news release Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process, 12/05/2022 ), Canada Nickel initiated an extensive round of engagement on the IPD, hosting more than 20 meetings with Indigenous communities, project stakeholders, and the general public to present key content from the IPD and enable follow up Q&As. The intention of these meetings was to gather crucial feedback from as many interested individuals as possible – all of which was carefully logged and integrated into the final IPD submission.

Next Steps
The Agency's filing of the IPD to its website signals the beginning of a 180-day comment period for the document. With the IPD now publicly available, the Agency will conduct its own series of engagement activities, which will assist the Agency in developing a Summary of Issues relating to the project, to then be provided to Canada Nickel. Subsequent to this and over the coming months, Canada Nickel will complete a Response to the Summary of Issues and a Detailed Project Description, both of which will be submitted to the Agency for further review.

For more information regarding the IPD or the Impact Assessment process, please visit the Agency's website at https://www.canada.ca/en/impact-assessment-agency.html .

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel Sulphide Property in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.

For further information, please contact:

Mark Selby, Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill results relating to the Crawford Nickel Sulphide Property, the potential of the Crawford Nickel Sulphide Property, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE Canada Nickel Company Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/08/c5932.html

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Xander Resources Announces Proposed Warrant Extensions

Xander Resources Announces Proposed Warrant Extensions

(TheNewswire)

Xander Resources Inc.

Xander Resources Inc. ("Xander" or the "Company") (TSXV:XND) (OTC:XNDRF) (FSX:1XI) announces that, subject to the approval of the TSX Venture Exchange (the " Exchange "), it intends to extend the expiration date of an aggregate of 1,547,890 warrants (the " Warrants ") originally issued by the Company on August 24, 2020 and December 22, 2020 pursuant to non-brokered private placements by one year

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